Not from me, but form the Governor of the Bank of England, Mervyn King.

Quote:
Mervyn King warned families to brace themselves for a further "squeeze" on household finances as rising energy bills and food prices continue to rise.

Mr King said that inflation was set to increase sharply to about 3.7 per cent - almost double the official target. As a result most British people will feel poorer this year as pay rises fail to keep pace with rising costs.

Source:
http://www.telegraph.co.uk/news/majornews/1956415/Mervyn-King%2C-Bank-of-England-Govenor%2C-warns-recession-danger-is-real.html