Payday loans UK Could help fight inflation

Inflation hits 3.5 percent, people short of money before payday

With nowhere to go after setting interest rated to their lowest rate in history we are now seeing the effects of the insane Qualitative Easing, aka printing money. According to the Office for Nation Statistics the consumver price index (CPI) rose to 3.5% over the previous 12 months to January 2010.

People short of cash turn to payday loans

Staying financially secure between paydays is going to become increasingly hard overe the next few months making payday loans and same day cash advances a viable option for many people.

Same day cash advances combat VAT increase

The VAT increase back to 17.5% is possibly responsible and it may well get worse as rumours grow that VAT will be increased to 20% after the election.

Petrol prices have leapt 25% over the last year and show no signs of slowing, the government of course failing to pay any notice to the plight of the man on the street.

Liberal Democrat Treasury spokesman Vince Cable said there was a danger that while growth was low, inflation would remain high.

He commented: "This figure is a stark reminder that despite the small growth in the economy at the end of last year we are still living in very uncertain times."

With rumours gathering pace that the VAT rate will be increased to 20 per cent after the election, whichever party wins, it could be a good time to take out a payday loan

The Bank of England recently admitted it could not predict how the rate in inflation would change in the coming months, describing the short-term future of the rate as "highly uncertain".

Pay freezes are becoming a stark reality so any assistance to workers is going to be greatfully received. Especially should emergency expenses crop up requiring quick injections of cash that frankly normal folk just don't have access too right now. Thankfully same day cash advances, payday loans and rolling credit agreements are becoming more and more available even to those people with poor and bad credit.