UK inflation

Check out the Chancellor's verdict on inflation levels when he pronounces on the budget tomorrow. If it's anything like what the Treasury is quoting at the moment - 1.9% - it's likely to be porky pies. It was 2.9% last year, and, if my wallet is anything to go buy, it feels to be rising steadily.

According to Allister Heath in City A.M., this makes a big difference to economic predictions. The difference between success and failure/boom or bust for public spending.