Inflation: Hitting the Poorest Hardest Inflation was persistently high throughout 2010, with an average RPI of 4.6% - the highest since 1991. Meanwhile, the CPI has been above 3% for the last 15 months, a whole percentage point above the Bank of England’s 2% target, prompting Mervyn King, the governor of the Bank of England, to write a total of four letters to George Osborne, the Chancellor of the Exchequer, explaining the causes for such consistently high inflation.
The birth of the Communist Party of Italy (PCdI) 1921 Ninety years ago at the Livorno congress of the Italian Socialist Party a decisive mass split took place, which led to the foundation of the Italian Communist Party. The split came in the wake of the defeat of the Occupation of the Factories a few months earlier and marked a clear dividing line between those who understood the need for revolution and those who had adopted a reformist outlook, adapting to the needs of capitalism itself.
Nasser and the Arab revolution The world has been shaken by the Arab Revolution. From the Atlantic to the Persian Gulf, revolution is on the agenda. And once again Egypt has been at the heart of this process, as it has always played a leading role in the region, due to its size, population and economic weight.
