The published rates of inflation are the problem. There was no inflation to talk of before 1914 when a shilling was a day’s pay and a £ a month’s pay as they had been since time immemorial, being precious metal – silver in fact. A pound was 16 ounces of silver, which was roughly 1 oz of gold in 1914, when our currency still to be called Sterling for some reason, detached from any link to precious metal. The Pound Sterling became a defunct promise to swap paper for metal. A month’s pay now in London would be more like £3,000 than £1, making the true rate of inflation for 110 year about 7.5% per annum with money halving in value every ten years for over a century. 1960 to 2020 would suggest money halving in value six times, and losing a quarter of its value from 2020 to 2025. which would be approximately £100 needed in 2025 for £1 in 1960. 1960 £1 1970 £2 1980 £4 1990 £8 2000 £16 2010 £32 2020 £64 2025 £100

The US dollar was a day’s pay – another day, another dollar – also a silver coin – same roughly as the English shilling. The US currency remained attached to precious metal until 1972, and the dollar became closer in value to the £ than the shilling. England has been shafted.

Now the false Bank Of England promise ‘ to pay the bearer on demand in silver pounds in weight for his paper pounds’ will be disappearing completely and all money will not be real but conditional.

VAT must be removed from silver, and CGT so that real money that was stolen from us is given back to us, and we can hold silver or pay in silver and not be beholden to controllers of digital systems. Silver always was the only real money and is still to this day. This is the proposed policy of The English Democrats.