Low and steady unless you wanted to buy a home right? In which case it was crippling? But it isn’t as if buying a home is something where inflation is a bad thing though, right? Because with low inflation, you will be able to afford to buy a plasma TV, as they are cheap nowadays, thankfully.
As I said, I’m not interested in Tory vs Labour, but if you want to compare it to the Tory housing bubble of the 80’s then the peak ratio of first time buyers wages to house price was 3.9 in ’88, and 5.4 in 2007. (Source http://www.housepricecrash.co.uk/graphs-ftb-average-house-price-to-earnings-ratio.php)
Quite a difference don’t you think? And this after Gordon had said he would put an end to boom and bust, and stop house prices getting out of control.
But oh no, the financial crisis was due to the Americans. Not us. Oh no.
BTW – In the interests of fairness, I’m sure plenty of people did complain during the Tory bubble too.