Sir Humphrey

wages are barely rising (except for the Public Sector) and food and energy prices are rising.

It won't have that support. 2-2.5% is "barely rising" in my book.

http://www.telegraph.co.uk/money/main.jhtm...hurricane24.xml

Insurers told to expect severe US storm season

 

Hurricane forecasters have warned oilmen, insurers and coastal home-owners to brace themselves for a re-run of the $80bn (£40bn) catastrophe that cut a devastating swathe through the Gulf of Mexico two years ago. Weather watchers put the probability of an "above-normal" hurricane season this year at 75pc.