Owain wrote:

"Essjay001" wrote
| I don't call 3% wonderfully low inflation. From memory, I think we
| had a 100 year period with no inflation a couple of centuries back!
| I believe the US inflation figure is in the 1% region, but they just
| reduced taxes!
| 3% is very high if you are not working. Bills still have to be paid

3% inflation is very high compared to savings interest rates; many people
with moderate savings are seeing their savings dwindle every month against
inflation.


Not to mention we poor *******s with Mortgage Endowment Policies :-(

Owain