Monthly Archives: July 2013
Read the blog post about the themes in the book here: http://www.iea.org.uk/blog/inflation-is-still-a-major-problem
Pete’s latest book is all about inflation and Tax is the first book to present in simple easy to read way why inflation is such a big problem in the UK (even at low levels).Inflation is reducing the standard of living of most people and redistributing wealth from savers to debtors.
The book shows that inflation is not a mere by-product of random economic forces. Instead it is a stealth tax primarily paid by savers and pensioners. Furthermore, it has been used by successive governments since 1945 as a tool to manage the UK’s debts.
The book examines likely future inflation scenarios in the UK and the best ways to save and invest in those environments.
SECTION I – INFLATION
1. Inflation – why you should be worried
2. What is inflation?
3. Theories of inflation
4. Measuring inflation: RPI/CPI
SECTION II – DEBT
5. Government debt and the UK’s Financial Dunkirk
6. Labour’s post war solution to the debt
7. US inflation reduces UK debts
8. Debt: 1970s onwards
SECTION III – INFLATION TAX
9. The benefits of inflation tax
10. Who pays inflation tax?
11. Disguising inflation tax
12. Problems with inflation tax
SECTION IV – THE IMPLICATIONS
13. How to pay less inflation tax
14. Future debt and inflation scenarios
15. Concluding thoughts
The paperback version of the book is at the printers and should be available to buy from Amazon and other online bookstores shortly. UPDATE: PAPERBACK NOW AVAILABLE FOR SALE HERE.
The paperback version of the book is at the printers and should be available to buy from Amazon and other online bookstores shortly.
Merryn Somerset Webb, editor of Moneyweek, was the first person to report on the book and post a link to it on her blog.
Read full article here and see Chapter 9 of the book for more information on how inflation has made GDP growth appear higher than it probably really is in the UK.