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06/03/2009: "money news"

the financial lies are coming thick and fast this week gang!

inflation
today the news are telling us that inflation is likely to fall because certain sectors are slowing, and then go on to quote "... pushed down by the continuous fall in oil prices!"
the truth is very different!
ive been all over england in the last 7 days, from sunderland to burnley, and the petrol prices are rising, in some areas to over a £1 a litre.
earlier this week, the same financial news people were reporting "... the price of oil has risen to a new six month high!"

do any of them know what they are talking about?
they report exactly the opposite to their previous reports.

network rail announces "profits"
this is bizarre.

network rail (born out of the government destroyed railtrack company) announces £2 billion pounds profit for the year!

yet their debts have increased from £19 billion to £22 billion, at the same time as bonuses totalling millions are to be paid out to senior staff later in the year!
their chief executive says they have had a very good year... how so?
£2 billion profit against a £3 billion increase in company debts, with higher prices for the customers - this doesnt sound to me as "a good year"

constant spin and lies coming from all kinds of companies, especially those holding big debts to payback