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TheRealMafoo said:
SciFiBoy said:
that 30% in real terms, is below inflation though is it not?

even assuming that UK inflation has been 1% per year since 1974 (its been alot higher, especialy under the Conservatives in the 80's) then prices are up 35% since then, so the poor have lost out by at least 5%, because everything is that much more expensive.

I am not sure what "real terms" means. It might be buying power, it might not.

well, if you find out, then that will help, if its above inflation, then its good, if its below inflation, then its bad.