Cost of living crisis: UK inflation hits 40-year high of 9%
Вставка
- Опубліковано 17 тра 2022
- It hasn't been this bad since the early 1980s. Confirmation today that in the year to April, inflation hit a 40-year high.
(Subscribe: bit.ly/C4_News_Subscribe)
The figure of 9% was expected and yet shocking - the government seemingly at a loss.
The prime minister promised to look at “all measures” that might help, but his chancellor admitted they "cannot protect people completely".
Opposition politicians and campaigners accused the government of not protecting people at all and called for an emergency budget, and a windfall tax on oil and gas producers.
-----------------------
Follow us on Instagram - / channel4news
Today's inflation is a result of corporate avarice, not only problems with the supply chain. We know that the money obtained by the higher prices isn't being transmitted along the supply chain since businesses are reporting record profits. More pricing result in increased revenue for businesses, which stays with them and goes into their pockets. We can rule out supply-related inflation because of this. If your stocks are extremely weak, now is an excellent opportunity to take a battered 401k and convert it to a Roth. Then, your Roth will be tax-free, and you will just have to pay taxes on the substantially reduced current values.
Well, the best professionals have access to exclusive data and information that is not made available to the general public. Knowing the tactics to employ at this time is one thing; having the knowledge necessary to put them into successful practice is quite another.
I delegate my daily investing decisions to an investment advisor because their entire skill set is concentrated on being both long and short at the same time, adopting a profit-driven strategy and removing risk as a hedge against the inevitable downtrends. When combined with exclusive insights/analysis, it is incredibly impossible not to outperform. I've had a relationship with an investment advisor for almost two years, during which time I've generated a return on investment of more than a million and five hundred and seventy thousand dollars.
@@mattandersen2458 Because of the big declines, I need assistance on how to rebuild my portfolio and develop better methods. What city is this advisor located in?
@@AnthonyHart34 It's funny you brought it up because I totally get it. Although I have dealt with several financial advisers, "sharon lee casey" has so far shown to be the most knowledgeable and capable. I'm not sure whether I can disclose this. She also manages my portfolio.
@@mattandersen2458 I can see why she is so busy because she has a respectable career and strong credentials. So without waiting, I quickly copied Sharon's full name and entered it into my browser.
I'm not kidding when I say that the market crash and high inflation have me really stressed out and worried about retirement. I've been in the red for a while now and although people say these crisis has it perks, I'm losing my mind but I get it Investing is a long-term game, so focus on the long run.
I can’t focus on the long run when I should be retiring in 3years, you see I’ve got good companies in my portfolio and a good amount invested, but my profit has been stalling, does it mean this recession/unstable market doesn’t provide any calculated risk opportunities to make profit?
There are a lot of strategies to make tongue wetting profit especially in a down market, but such sophisticated trades can only be carried out by proper market experts
I agree, my profit has been consistent no matter the market situation, I got into the market early 2019 and the constant downtrends and losses discouraged me so I sold off, got back in Dec 2020 this time with guidance from an investment adviser that was recommended by a popular economist on a subreddit, long story short, its been 2years now and I’ve gained over $850k following guidance from my investment adviser.
@@kenanporubsky2122 I’ve been down a ton, I’m only holding on so I can recoup, I really need help, who is this investment-adviser that guides you
@@bob.weaver72 Definitely! All of this happened in less than a year after Catherine Morrison Evans told me what to do. I started with less than $100,000, and now I'm about 17,000 short of having a quarter million dollars.
The majority of human beings on this planet must suffer so a few thousand psychopaths at the top can have immense wealth, status and influence. It's disgustingly barbaric.
Very true
True. In this so called civilised Britain.
Unfortunately it’s always been that way….lately more people are waking up to their rotten game…😡
But At Least Our Hard Earned Taxes Is Being Spent On Weapons To Prolong A War In Ukraine! Sure The Ukrainians Would Help Us! NOT!
@@hohohohehehe6910 You think britain is bad tho... look at america or asia or africa. They will literally kill you for money, America included.
They raised your taxes immediately but are finding it hard to tax the energy companies. Tells you everything.
That's what happens when people vote with their feelings and not with their brain
Guess what happens to prices when you add further costs (tax) to a product.
Energy companies got negative taxes, during a Windfall & record profit...
What was the point in all the previous subsidies if they're gonna rip us off?
The energy companies have a duty to reinvest their profits in energy for the future.
People who believe they can change the system by voting are deluded
When an MP's solution was to "Work more hours or get a better paying job" they failed to recognise the fact that a lot of supermarkets will hire staff only on part time contracts with the promise of "lots of available overtime". However, in reality the overtime is often "unpaid" and staff are expected to "take that time back" by working less hours the following week. I tried for 4 years to get a supermarket to increase my contract to full time and each time was told "It's not within our budget". During the pandemic a lot of people did unpaid overtime! People should get paid for every hour they work and not be expected to work for nothing and suffer having to struggle to eat and be able to keep a roof over their heads. All in the name of profit for big corporations.
Woolies are bastards for this
Great point
I work in a very in demand sector and the "get a better paying job" argument is absurd even for me. Competition is very fierce, for one thing, and for another "better paying" is relative.
You also have to undergo the trauma of an interview process, perhaps relocating and so on - it's not as easy as pushing a button on your washing machine.
exactly there arnt any more hours to get more of , most company's are on a Skeleton crew atm and are barely surviving as it is ... my company has such a low weekly staff budget were barely able to maintain 2 people per day and most we part lone trade .
I work for a supermarket and I can tell you that it's illegal for them to expect someone to work for free. I suggest you speak to your recognised trade union about this.
And yet electricity companies are allowed to make record profits…
And oil
And weapon company's
@@guffroofing
And Big Pharma .
Rich is getting richer taking advantage of what is going on in the world
@@peacenotwar9267 When the poor steal from the rich, it's theft. When the rich steal from the poor, it's 'business'.
This decade is going to be incredibly hard.
only for those in debt.
@@888ssss which is 90%
@@frankieseward8667 then the sin of usury has got them.
@@frankieseward8667 I'm in no debt
The decade after even worse...
it needs to stop being called a "cost of living" crisis and be called a "low wages" crisis
It should be called the Lockdown crisis. This is what happens when you lock everyone down for a year and pump hundreds of billions into financial markets.
It's the government managing the economy crisis. And it's not due to the war in Ukraine.
But the cost of living is far more accurate. Especially as it is a cost of living issue.
Kick out 3th world turds from land
And when the economy bounces abck you would support a cut to your wages ?
Every person in the 21st century who works and pays taxes should have affordable food, housing, clothing, electricity, medicine, education and security. These are the minimum and necessary needs that any state is OBLIGED to provide to a citizen. No excuses are accepted. With the same success, you can live in a cave without a state. The duty of a citizen is to work and pay taxes, and the duty of any state is to provide conditions for a normal life. It seems to me that this is quite logical.
sounds Marxist blather to me. Get government out of the way, cut the handouts to refugees
But what does not seem to follow is all of those things become absent if you fall ill, and can no longer work - even if your work has caused you harm, the financial support is very difficult to obtain because of red tape and refusals. The emphasis
is helping those in work, or getting into work, - and not when you cannot work. People are even expected to work if they are ill or injured, which is really very distressing. Those that are meant to financially assist you are actually trained not to help you to claim what you rightfully deserve. It is a shocking system that needs a good shake up.
So much socialism in your post. Sounds like you desperately need big government to provide for your every need as they are your daddy. 🤣 how pathetic
@@susanwhitley812 Very true. I hate people's fixation on the idea that working must be a prerequisite for assistance. As you mentioned, there are many people who are unable to work. Are these human beings unworthy of life? The way I see it the state must, so long as it has the real resources and there's no impedence, provide for its people regardless. Even when living 100% off the grid you must abide by property laws (just to name one example) put in place by the state, there's almost no escaping its influence.
All human beings deserve to live a dignified life and it's the duty of the state to provide the resources to do so given it de facto forces you to live within its confines. The state generally uses its power to protect the wealthy and actively pushes everyone else down. The degree varies by country, but in my opinion if a country is able to feed all its people but allows even one person to go hungry then it's a failure.
Let's face it, we were only a wealthy country to begin with because we stole the natural resources from others. Then to add insult they send our money to Ukraine.
Boris has got millions for Ukraine, but nothing for UK house holds. Does not seem right at all.
Exactlym
These politicians have no clue do they?? ☹ They're not juggling food and bills!!
Nope. Their ignorance from living in a bubble knows no bounds. They actually think food banks are wonderful. It's like they think real life is Disney's Robin Hood or something.
British foreign minister thought Crimea was in Baltic instead of Black Sea speak volume on what kind of people the British brought in, ops, they're meddling the Russians. 😁
Maybe suck it up saction
No. Not only do they get a very god wage, they claim expenses for most of their outgoings such as food, fuel, swimming pools...
Check out the Heritage Party They say and will govern properly We are now in our fourth year since we launched as a party in autumn 2020. This is a vital year for us as there is likely to be a General Election at the end of 2024. We will also be contending local elections in England and the London Assembly election next May.
In the UK, the old political parties continue to work in lockstep together to allow perverse materials into classrooms for Relationships and Sexuality Education, permit open borders with unprecedented levels of both illegal and legal immigration, and make war on motorists with increasingly onerous restrictions on travel for ordinary citizens such as LTNs, 15-minute cities and the ULEZ.
The Heritage Party is the only UK-wide party that will end the climate emergency hoax and lift all restrictions on carbon dioxide emissions. We will ensure that people can continue to buy and use petrol and diesel cars and keep gas boilers in their homes. We will repeal regulations that require homes to have SMART meters and meet impossible new building emissions criteria, designed to force the abandonment of older buildings that are a precious part of our heritage.
We will introduce a Child Protection Bill to protect children from propaganda that attempts to confuse them with gender ideology or groom them into early sexual activity. We will also control our borders by pushing illegal boats back across the Channel and introducing strict caps on student and work visas while ensuring we train enough young British people to do the jobs that need to be done in this country. I Edwars say that if anyone votes Lib/Lab/ Con or any other left wing parties they need their head examined. Heritage could, with your help make Britain great again. Anyone who votes labour or tory or any other left wing party need their head examined
Inflation might be 9%,but food prices in most cases have gone up 30-40%+ supermarkets profiteering,and i can bet most polititions have shares in these companies.
As well as a 54% increase in energy bills
@@lilwisp4974 who are to blame for all this leave voters for 2016 they kicked out all the farmers and everything now they are suffering so I have no sympathy for brexiteers because they deserve to suffer for their own actions
Agree and petrol has started to come down but prices haven’t,…
Fighting 8.5% inflation (more like 35%) with a 1% Fed funds interest rate is like stopping a forest fire with a bucket of water. Folks prepare accordingly. Make investment in other not to depend on the government for funds
I think trading is easier with proper guidance, especially from a professional it really helps reduce the chances of running into losses. All thanks to Mr. Larry Kent Nick He changed my life, I was able to pay off my mortgage
@ Larry Kent Nick Trading
Never mind the cost of 'living' even the cost of merely 'existing' week to week will be a real struggle for many hardworking people now...all while the utility companies etc rake in record profits,and this gov continues to do feck all as per.
But they're not profiting, they're being held up by subsidies. Stop spreading bs.
The cost of living so-called ‘crisis’ only affects a small minority of people. The majority in this country are going to be OK, and you could go into millions of homes and find people spending money on non-essentials. I genuinely feel for those struggling and I wish them well.
Inflation of basic living costs (i.e. essentials like food, heating etc) is more than 9%. Our government would never share the real increase in basic living cost because it would be more shocking. But, they don't really care anyway.
Agree, they don’t care, because they don’t live in the real world
Inflation numbers are really SUBJECTIVE, because everybody has different spending behaviour. But if it hits the stuff everybody buys, that will certainly hit. The government always gives lower inflation numbers than reality is. It's sad.
It caused by ripple effect. It would multiply from foundation to wages
The government care immensely. This is their plan. Following orders from the World Economic Forum
Boils my blood... But hey, we voted for it. well done us
Voted for what Nathan ? You think if we had another party in power we would be immune somehow ? No. The whole planet is impacted, there is not much they can do......time if the friend of inflation.
KNOW DID NOT Vote To Use My Taxes To Buy Weapons For Ukraine!
Inflation is occurring globally, voting for a different party wouldn't have changed anything.
@@apebass2215 its not like in england hello' hello' its anybody there!?
@@frn4698 average inflation across Europe is over 7%.
Inflation has been caused by the useless UK government.
The cost of living crisis is the result of the total mismanagement of this country by the whole government. Boris has no solutions and he has asked his MPs to think about a solution!
1. Brexit was a complete mess with the EU dictating the divorce terms and virtually no thought, discussion, or forward planning by the UK government during the five year negotiating period. As a result, the ridiculous conditions and requirements imposed on trade between the UK and the EU have caused trade and retail costs to increase on everything sold to and purchased from the EU. Delays and charges are destroying trade between UK and Europe!
2. Over 67,000,000 in the UK followed the lock down rules. Many lost their businesses, jobs, their homes, and cars as they could not pay their rents and lease/hire purchase charges. Many faced bankruptcy. Many suffered mental turmoil and even committed suicide. Many lived alone or were told they could not attend births, marriages, or funerals. Many could not visit family, members, or friends, including many with serious illnesses. This country has become a laughing stock and lost all respect abroad. Boris has no respect for the people of the UK or moral or ethical standards. Boris can apologize as much as he wants, but so many have died as a result of his mismanagement of the false pandemic 'Covid 19' scam. He has never explained how the NHS appears to have prevented the UK citizens from suffering from flu since 2020, yet could not prevent the UK citizens from getting 'Covid 19'. He has never provided evidence that the corona virus and variants have EVER been isolated and even the WHO has stated that lock downs do not work. So it is bad enough that he broke the very laws he imposed on the citizens of the UK, but he has never provided any proof that 'Covid 19' is and ever has been a pandemic....it is just the annual winter cold/flu! The Covid scam cost the country (tax payers)£450 billion and counting!
3. There is no excuse that he has to deal with Russia's invasion of Ukraine and their 'war crimes. British MPs are all complicit in all the war crimes committed in countries that have been enabled by supplying armaments and troops in Vietnam, Croatia, Libya, Iraq, Somalia, Syria, and Yemen, and all MPs not speaking against such atrocities should be punished for their support for these war crimes. If Boris and the rest of the UK parliament had shown true leadership, the Ukraine war could have been avoided! brandnewtube.com/watch/jimmydoreshow-ukraine-russia-war-proof-zelensky-rejected-peace-with-russia_VzLPnkMERLYZmzJ.html See also brandnewtube.com/watch/mep-clare-daley-criticises-corrupt-hypocrites-of-the-eu-and-their-need-for-more-war-in-the-ukraine_r1LxbzHjM35BHEP.html If as much effort had been put into stopping NATO's expansion and enforcing the terms of the two Minsk agreements, there would be no war in Ukraine.
Without a messy Brexit, a fraudulent corona virus pandemic, and without a war in Ukraine, energy, fuel, food shortages and price rises would not have happened!
Solution....
1. Drop all attempts to 'vaccinate' us against a false pandemic wasting yet more taxpayers' money.
2. UK parliament should organize a worldwide conference to stop the war in Ukraine, stop NATO from winding everyone up by escalating disputes into wars, and enforce the terms of the Minsk agreements. Stop sending armaments to Yemen and Ukraine wasting yet more taxpayers' money and parliamentary time which should be spent on problems here in the UK.
3. Stop supporting the warmongering actions of the US administration.
Well said.
It's funny how the inflation rate is a global thing, it certainly isn't just the UK.
That suits your agenda though doesn't it?
In your eyes everything would be perfect under Labour.
People who write essays in UA-cam comment sections are twats.
@@ep1929 Labour are just as bad!
@@terrymoore861 probably worse
Most times it amazes me greatly how I moved from an average lifestyle to earning over $63k per month, Utter shock is the word. I have understood a lot in the past few years that there are lots of opportunities in the financial market. The only thing is to know where to invest.
I agree with you and I believe that the secret to financial stability is having the right investment ideas to enable you earn more money, I don’t know who agrees with me but either way I recommend either real estate or bitcoin and stocks.
I keep wondering how people earn money in financial markets, i tried trading bitcoin on my own made a huge loss and now I'm scared of investing more..
@@bjoe631 That won't bother you if you trade with a professional like *Sarah Alma Martinez* my coach, you may have come across her on interviews relating to bitcoin and stocks. She trades, manage trading account and offer mentorship program for clients who wish to become professional investors.
@@BeverlyTalley You allow people to trade for you? that's interesting, I would love to learn, hope it’s safe?
Wow I can't believe you guys are discussing about Sarah Alma Martinez, I once met her at a conference in California 2019, just before the pandemic. I can testify that she’s very good in trading..Highly recommended
Fear of inflation has hammered stock and bond prices, causing the financial markets to underperform the US economy.
I am continuing to Add to my portfolio. As Warren Buffet said "be brave when everyone else is fearful ". The stock market ALWAYS recover, so hold for long term and have the stomach for the ride
@@chris-pj7rk You'll make a lot of money in the long term if you stay invested and ignore the market's ups and downs; but, a major market correction triggers a lot of margin calls and sell-offs, sending the market further lower. In a bull market, people become greedy, and it's nearly impossible to resist the urge to buy additional stocks with borrowed money or money they don't have.
@@bobbygunz9254 Being a new trader, I'll cherish the idea of being educated more on how the yield correlates with the market and inflation. If you could be kind to share some materials I can read, Will be much appreciated. thank you.
@@Alejandracamacho357 Nicole Ann Sabin is my Advisor, She has been of great help and her tutelage has brought me to a higher understanding of profit generation. You can look up her name online for her page and reach out. Understands the job perfectly.
Only an algorithm or a psychopath would try this garbage here.
This is why central bankers shouldn't have sat on their hands and left interest rates pinned to the floor, eventually inflation is going to wake up and you'll be chasing it into the double-digits.
I agree MPs, PM and Chancellor and Gov of the bank of England all sat on their hands they knew this was coming quickly. A total sink of the yacht (uk)
Conflict of interest, they don't want high rates because they are the biggest holders of real estate, which would be negatively affected.
The interest on govt debt would also spiral out of control
@@GK123 Yes this is a problem all over the world. Politicians in charge of making housing affordable probably shouldn't be allowed to invest in real estate at all. Our last housing minister owned like 8 condos as investments, it is pure lunacy.
Check out the money supply over the last decade in every nation seeing high inflation.
@@ricardosmythe2548 exactly, financial repression on a global scale, which will continue the whole decade in order to finance the record debts achieved by the baby boomers. De globalisation, austerity, and instability going forward. Most people are in for a shock. Wouldn't be surprised if the majority never catch on, and instead blame whatever is trending on the news
So many homes just need to go from empty to affordable
Exactly. If it wasn't for the ridiculously high cost of accommodation, there would be no cost of living crisis.
Corporations are passing on the extra cost of business to the consumers but multiplying it 5 fold. This is price gouging. There needs to be a scaling tax on profit margins.
The gdp numbers aren't lying; we are technically in a soft recession. I was also shocked to see the market shooting up today. And I agree, if the market is green tomorrow I will also be pleasantly surprised and start looking for Elvis, MJ and Prince. LOL
I’m studying for the Series 65 exam and one of the question is on the definition of recession and the right answer still is negative growth in GDP two consecutive quarters.
I think we need to stop softening the blow with the word “recession”. This is going to be a depression. 4 top economist agree on this. When the market reached high in mid 1930 it took until mid 1932 to reach the bottom. people can’t buy when they have no food, the trucks don’t have DEF to mix with the diesel to run (in all diesel trucks newer than 2009) No trucks-no food-no fertilizer
Even the most successful investors experience losses when the market is weak or when they make choices that don't work out as planned. However, overall investment ought to significantly improve your net worth; because mine wasn't, I had to work with "Nicole Ann Sabin" who clarified my mistakes and enabled me to make clear progress.
@@marianparker7502 Great points laid out. I am 61 & i have been working almost all my adult life. i am approaching retirement & i think this is the last window of opportunity for me to become a millionaire before retiring, as Recessions are where millionaires are created. Currently i have some lump sum in a savings account and will like to work with a fiduciary financial advisor to achieve my goals. Please how can i reach Ms Nicole?
@@PhilipMurray251 You can look her up as she has an official webpage for consultations. Also, she is verifiable across various Financial Advisory bodies; like FINRA & SEC. According to Warren Buffet "I don’t think most people are in a position to pick single stocks. A few are, maybe, but on balance, I think people are much better off buying a cross-section of America and just forgetting about it" In Other words, you need expert hands to be able to outperform the index.
This after years of them telling us how Great Britain is, we’re the best at this and that, biggest economy here there, all that means nothing to the average person, people need to stop falling for it
To be honest exactly this kind of thinking and mentality is breaking UK's neck. The truth is UK is the most neoliberal country in Europe with the greatest gap between pour and rich in Northern Europe, all supported by Murdoch media. It's painful to face reality and travel to a country like Germany with a much greater middle class and higher social standards and living standards for the average person.
@@knutschischi1716 British propaganda was fed to generations of people via the tellies for decades.
@@knutschischi1716 Germany living standard is way worst than UK. That EXPLAIN why many germans are working in the UK
@@knutschischi1716 well said, Murdoch is a cancer in U.K. Politics.. how a Australian American can have so much influence over the U.K. politics is probably one of the most tragic this in modern Britain..
Least We Are Spending Our Taxes On Ukraine! Great News As We Walk To The Food Bank!
The best experience I have ever had is being poor; so poor that I could not afford the basics. The experience taught me how to budget; who my friends were; how important it is to adapt quickly to changing circumstances; how to value money and not squander it; the difference between wants and needs and how to prioritise them; humility. I am grateful for the experience because it grounded me; it taught me common sense. Poverty teaches empathy and kindness; you know what other people are going through because you have been through it yourself. Basic common sense advice- don't spend any money until after you have bought food and paid all your essential bills, budget every penny carefully- write it all down: income and outgoings; ask for help from friends, family and get free advice from debt charities; look for ways to increase your income; stay positive because money is only an energy flow between people; you do something you love that helps others and others show their appreciation with money. Never give up.
I haven't been at 'rock bottom' but quite close to it. I agree with a lot of what you say. I went through years of having to budget by writing down all my incomings and outgoings. Only buying things I really needed rather than wanted. I kept a roof over the family's head and enough basic food to eat. Now, years later, I don't need to do this but it has stuck with me and I still mostly only buy what I need rather than want. It can be boring but I know no debt collector is going to be knocking on my door.
I use an app to track my expenses. I often buy frozen vegetables and chicken. I like rice, pasta and instant noodles.
I generally said good bye to expensive snacks I used to splurge on.
Thanks for advice. I wanna spend less and less or earn more money.
well said
I remember interest rates back in the day 16%
Imagine if the public had the power to get rid of MP'S if they weren't satisfied with them.
Its not the Mp's fault its the brexit voter fault they voted for this
@p look don't try and hide it don't you ever what's the root cause of inflation and cost of living crisis it's brexit and nothing else. Its not russia its not covid it's brexit
@p but at least you could have left the UK if it was an EU country but now its a non eu country you can't even leave and escape all this problem look you could have escaped it if uk was in the EU
@p can you not see what I said before brexit you had an option to leave the UK and escape this mess but now since UK is not an EU country you are trapped nhe UK and you have to deal with his crisis people with irish passport escape
@@cliffsofmoher4220 You live in a bubble. Politicians are corrupt parasites, FACT!
Can't believe something like this is happening in the UK. I thought the UK was rich?
It used to be rich ...
@@farautfarautto2518 Trust me it still is... The UK is in the G7; it's simply a problem of inadequate allocation of the UK's economic capital. Lobbying and corporate interest are way too prevalent within Westminster for there to be any consideration for those who suffer the most
It is. Problem is, we have to many greedy, grubby selfish little MPs and elite profit makers running it. At average Joe's expense.
@@user-gq1uq4mo3k lol
When I lived in the UK, it seemed like a poor country. Poor quality old housing, cracked pavements, potholes on the roads, a very unreliable and expensive railway, under investment on roads, schools, hospitals, low number of doctors and nurses, long , long waiting times at the hospitals etc.
Well the racists better not complain they did it to themselves!
What has being a racist got to do with inflation ?
@@jayh1246 they voted brexit they made their own bed
The Tories are people that have caused Brexit which then lead to these problems.
@@flamezodiac5736 😆
Exactly
Remember the UK doesn't get it's gas from Russia. UK gas comes from the North Sea. Any increase in the cost of gas is because companies can raise the price.
The best solution is to renationalise the gas sector. Then stop taking advantage of people.
nationalise haha.
@@888ssss he's not wrong though is he
@@henrydemonfreid1985 he is wrong. its already nationalised. its supported by loans from public money. there is not much that is not actually nationalised after 2008.
@@888ssss oh. in which case the profits are clearly not going back into the business.
stop being morons ans puppets for US and become friends with Russia.
hope these people have the energy to be resourceful, and don’t get down. Wish them luck and courage.
No of course not. It has more than doubled in price.
Going to make blankets so can keep heating on a low setting. And it is on cheap wool or yarn .
🙏
I haven’t even been alive long enough to see inflation like this
Bri'ish are good people.
No one has. Worst inflation in American history
1970s and early 1980s. UK had massive inflation. Poverty led to riots.
@@thaitim007 My dad (66 years old) remembers that and is very worried for what's unfolding now. He says it might even have the makings of something a lot worse.
He was a teenager in the early 1970s and remembers my grandmother heating up soup by holding a pan over a coal fire, because that's all they could do when the power was off yet again (all-electric kitchen). After eating said soup he'd do his homework by candlelight.
He remembers cutbacks and going without certain things because my grandfather - who had a senior office job and was pretty well paid by the standards of the day - was worried about money because of all that inflation.
Just a few weeks ago inflation in the UK was the highest since March 1992. More recently, it's increased again and is now the highest in 40 years.
Good job UK. This is just the beginning. Ireland should separate from UK.
Ireland is separate from the UK.
@@jrobs1133 part of ireland is part of the uk
Ireland is not part of the UK they separated back in 1921
England should separate from the 'UK'!
Too bad brexit is preventing some brits from finding a summer job picking strawberries in Poland
Lol
But You Can Go Fight In Ukraine! Free Chicken Kiev!
Though Strictly Speaking Undet Some Old Law It Is Meant To Be Illegal To Fight Aboard As A Volunteer! But Just Say Boris Sent You!
But the Tory’s told me Brexit was going to be great and an economic boom. 🤣
did Spain leave the EU????
This is a coordinated global plan.
@@jabbadabbajew6035 thats the key word "Global" and you got idiots who think inflation is isolated to UK only, because of brexit
@@jamesart6568 they don’t understand how the central banking system works. It should be taught in school but then we’d all know how rigged the game is.
@@jabbadabbajew6035 I agree, fiat debt/money monetary system should be taught at school
Regulate the energy companies more. Profits often come from the misery of others sadly. Eating fresh food greens and such should be available to all.
Sitting here in October. Noticed this video was posted in May. This answers all my questions that nothing has and will change
The government has acted.....for themselves yes.Absolutely clueless
Meanwhile in Windsor castle...
The government consistently saying we've done something. Yet it's made no difference whatsoever seems to be insignificant. They just don't care is basically the jist of it. All they will say is we did something. Bare minimum governing with zero empathy or compassion. Same across the board with everything. Health, education and crime. The lockdown party thing is a perfect representation of how they think. If they could party every day and do nothing they would. Help rich mates out in the process
This is sad. We will be all suffering but we need just to be strong to face this problem. 🙏💪🏽
But Some Are Suffering MUCH MORE Than Others!
I earn just shy of £40k basic and I'm starting to panic. I go to the likes of supermarkets where the staff are paid much less than me and I really do worry for people on benefits or lower wages being able to comfortably navigate this mess.
Everything is going up, my monthly electric bill has increased about 300% with no change in my usage. Everyone wants more money for everything. Grocery prices are up and you can't buy anything because the shelves are bare.
All sorts of fees and charges being added on, the basic price of things like Netflix, broadband, all going up. My car insurance premium is going up £75 for this coming policy year, despite an extra year of NCBs and my licence being clean. Petrol is roughly £1.60/litre in my area.
House prices in my area are still respectable, but they are considerably up from where they were ten years ago. When I first moved here in 2012 there was a really crappy one-bed flat I saw on sale for £93k. It was back on the market in early 2021 and they're now wanting £135k for it, there is a tenant in situ paying £630pcm rent. Other flats in the same building were about £110k back then, now they can be as much as £175k.
My council tax is also up. Started on £78pcm with 25% discount, it's now £105 for the same band. Council services have been cut right back, everything is underperforming and costing more.
Meanwhile the modest investments I do have? They're basically being thrown around like ragdolls right now, all over the place.
My dad is 66 years old and he is also very nervous. He says it reminds him too much of the 1970s and in his opinion is shaping up to be worse.
keep standing with ukraine everything will be good 🤣🤣🤣
Minimalism has served me well…I don’t buy anything excess to my needs, and enjoy the free pleasures of life….it works pretty good....👌🏽
Know The Ukrainians Would Stand With Us In Britain?? Like They Flew Spitfires In The Battle Of Britain! Oh Sorry! That Was POLISH Heroes! The Ukrainians Next Door Wrre Too Busy WELCOMING The Nazi Invaders!
When I first moved here in 2012 there was a really crappy one-bed flat I saw on sale for £93k. It was back on the market in early 2021 and they're now wanting £135k for it, there is a tenant in situ paying £630pcm rent. Other flats in the same building were about £110k back then, now they can be as much as £175k.
Prices will correct downwards because they are not sustainable.
i make 10k a year and i'm doing just fine.
Inflation in the UE in April 2022:
France 7%
Spain 7.5%
Italy 6.5%
Germany 7.4%
The Netherlands 9.6%
Brexit has nothing to do with it. It has to do with the globalized economy that is collapsing
It’s to do with the great reset/nwo, whatever you want to call it, those who rule this world know exactly what is going on here! Honestly are people that naive that they think all of this is just accidental or by mistake?? Listen 👂 they’ve already got a whole knew kind of society planned and ready to go for when this one crumbles as they intend for it too, stakeholder capitalism or basically corporations will take the place of governments and dictate our lives, they already do for the most part seen as whole system is corrupt but now were not even pretending in democracy, it’s for the greater good apparently.
The increase in the money supply in each nation is a major factor
@@jackoh991 I see the handful of Trucks that head for the Port and Tunnel daily. Far less than pre Customs controls.
14 years of money printing that went straight into the stock market. Say goodbye to your pension.
correct, idiots blaming brexit think inflation is only effecting UK.
I've been here before
40 years ago. Very difficult, but a lot of people nowadays don't have the knowledge of how to adapt to shortages . Back then central heating for many families was unknown. We didn't have lots of gadgets using electricity so survival was
*Only heat 1 room
*Go to bed really early
*Whole family share the bed
*Play/invent games
*Eat loads of vegetables, but don't overdo it
*The wartime attitude of make do and mend .
*Learn a new skill like making soup out of rice, onion and a stock cube.
With my family of 2 adults and 3 children we managed.
Things will get better.
And I'm talking about life on the dole as it used to be called.
Drama queen's and the media love doom and gloom
I bet people alive in the 40s had some opinions about people complaining in the 70s too. Bet the medieval peasants would have thought the victorians were pathetic. We made life better and then we got used to that, that’s not some great failing, it’s something we’ve always done. That’s government failing at maintaining quality of life for its people.
Wait till next winter, then give people these advices . I bet all will be thankful....
@@elipa3 been there, metal window frames with ice forming on them, towels on the window sill to contain the water when the ice melted, no insulation.
@@valeriedocherty8988 and we got through it.
How's that BREXIT working out for you ?
Why first comment
And that's just the beginning of Brexit! Losing control
What's this got to do with brexit? It's Ukraine and a global pandemic, idiot.
Nothing to do with Brexit it's everywhere in the world
Nothing to do with Brexit, the inflation, but everything to do with sanctions on Russia causing expensive oil and gas.
If you want to know who is responsible for that take a look at what the wealth of the billionairs in the OECD did during 2020 and 2021. It increased by 37% and than by 39%. Their wealth! (not their income). It´s time to get all that trillions back from them!
so the central banks and governments print money and inflate the markets, because the general public keep voting for keynesians and you blame those who were in the markets? grow up and stop voting for keynesians who suppress the interest rates if you don't like it.
@@bengardener8928 All political parties are owned by the same people: The billionair caste. Grow up and learn what the world is you moron.
Don't worry, UK is still very rich, Boris just pledged few hundred million pounds to support Ukraine
Billions
Long live the queen and the great British Empire. Britannia rules the waves. Love the tears.
If we can help end the war, the global economy will recover
@@lunatunauk3100 it will collapse because you will lose your gas, fertiliser and stable food supplies. China and India can always manipulate the market with Russia to squeeze the west dry. The best think the UK can do is leave ukraine to defend themselves. And ask the Russians for forgiveness
Brexit, the gift that keeps on giving
Errrr...
Taking!
😉
Got it!
Grief
Made LBC Shock Jock James O'Brien A Millionaire!
@@jasminebali8068 Old Lord Rees-smog has been looking for benefits of brexit. You've actually found one!
Politicians focus on each others instead of connecting people and creating jobs
There needs to be a U turn about the tv licence fee.
The windfall tax comes from the taxpayer, each household could be £159, better off & the Govt. would not have had to give so much.
The bbc itself highlights the need to help households.
I dont watch tv
why is the bank of England call bank.of England when it's a private bank.? it's not owned by the government or the public..
*But what is not said is that businesses are not increasing the prices of their products in line into the inflation rate and anything closer to this, but taking advantage of this and doubling it down.*
The Minister for disability started off giving me some hope and quickly turned back into a cold, dead-hearted Tory again.
Didn’t take long.
And didn't answer one single question. Just spewed a load of Tory spin.
Everything going according to plan, be ready you’re going to get pushed to the edge
How can someone recover from a broken arm without eating 😢
keep standing with ukraine thats all that matters right 🤣
@@eyobmekonnen7045 where you dropped on your head ? How can you jump with Ukraine war when you should know that the Conservatives relied on Russian blood money and as some countries as well ( not giving name as I'm expecting you're not that duff but I might be wrong), and let's not speak the waste of money with Brexit, no 350mil a week in NHS and so on, so how the heck you came to blame Ukrainian for this issue or even make a joke about it ?
@@vasiliualexandru4725 hey dumba** where do you think the money comes from the british govt sends to fund the ukranians or millitary equipment. do you know any thing about supply chains energy costs, Currency depretiation or anything about how the world works
@@eyobmekonnen7045 I'm standing to stop this war. It should never have started. Zelenskyy was elected by the people to make a peace agreement.
@@casteretpollux but he wont
This is heartbreaking
The poorer the poor get the richer the rich get.
It's all down to the money printer
That's life
@@GK123 now the goverment need to print .. food .. but can not do it ..more easy print money
To some extent - which is not to defend the absolute shambles that we find ourselves in - It's a spiral trap.
If everyone gets more money at once, the producers increase prices, the distributors increase prices, the shops increase prices. As a result, the consumer has to spend more, and we're back to where we are now but worse because everyone is trying to offset costs.
And then what do you do?
As national of former British colony, all I can say is that brexit mean brexit. Carry on with great British empire. Now they cant blame the immigrants.
The US and Germany are seeing the same issue. Increasing the money supply devalues money. Who knew 🤷♂️🙈
@@ricardosmythe2548 show the video of Germans crying. Everyone is hurting, but the British are hurting in particular because of a self inflicted injury.
Thought brexit was suppose to make the British Empire roar again, now they are trying like some wimps.
All this started to happened from the day Biden got in office
@@Gamrider The UKs taken the lead for Europe in regards to Ukraine while the EU have been squabbling amongst themselves. Your assessment of the UK holds about as much weight as the EUs response to the crisis in Ukraine.
I agree!
We all knew this was coming. It’s was a perfect storm. The cost of Brexit, covid then the oil sanctions. The 2020s will not be a good decade 😕
Tell the energy companies they have two choices - a windfall tax, or a price control set by the government and based upon the poorest income consumers to the service.
Bet you a pound there are gentlemen agreements in place that some of the profits are invested into green projects
Or you could just ask them to carry out more exploration, rather than sticking to the Green lobbies net zero. Only expect prices to increase, especially on gas if Europe gets cut of by Russia the lNG prices will go through the roof.
Several issues with the windfall tax:
1) They've had plenty of notice to squirrel stuff away. Think Amazon and their 'profits', for example
2) It will recoup a pathetic amount of money
3) Greasy palms and Tory cronyism means such a piece of legislation will be toothless, designed to favour the energy companies just so the government can say "I did a thing" like Clarkson
France cut VAT. Germany gives money to people.
Ist not so difficult to compare the measures of other countries to the measures of the UK.
I reckon crime will increase...
The biggest scam are the greedy landlords who put their rentals way too high..
As someone from Turkey I laugh at UK
I'm just glad it's summer weather at the minute. Once the winter hits, I don't know how myself or a lot of others are going to afford heating or electric bills. I'm dreading it..
Run one electric rad in one room. That's what my family do. We all sit in the same room until bed. Before bed rads in bedrooms turned on for one hour to get the cold out. Then bed with a hot water bottle.
stockpile cheap tins of food rice and pasta by the bulk NOW ...BUY 5 HOT WATER BOTTLES X
@@harpsailorharp6716gg one thing is for sure..the cost of living crisis will soon be the biggest "cure" for Britain's obesity epidemic coz everybody will be starving and stick thin
Мы в России можем готовить холодец(это такое блюдо)4 часа на газе, и купаться в ванной каждый день , а бензин у нас стоит меньше 1 доллара, спасибо президенту Путину! А я хочу посмотреть как справиться зимой Европа! Рано или поздно вы поймете и отвернетесь от США. Рано или поздно не будет Евросоюза! Будет то как когда то случилось с СССР. Ждите! Сильно не замерзайте! И запомните сила в правде!
@@LivingOnaPrayer123 moderating our food intake, not starving and stick thin.
*Sadly this economic crisis means more inflation and more inflation affects the banking system. My condolences to anyone retiring this year..*
Most amateur lose money because they are guided by emotions and hype. A good financial planner alleviates that. Everyone who thinks they can 'play' the market should realise that half of all profits made in the market are from dividend - not get rich quick deals. Very certain that this market will recover. the goal is to hopefully stay employed and to keep investing in the market which is exactly what I'm going to do. Find a way to get promoted while investing my money and staying as frugal as possible. My portfolio currently up to 20% from Q1 of 22. Buy the dip or wait...
@@charlesbrighton2499 Great idea, exactly what
I'm planning on doing now that the market is down, but I'm an amateur investor and I have no idea on stocks to buy or what assets that will yield highest potential. > you seem to be doing well yourself on this volatile market. Please how do you select stocks you invest in??.
I don't do that myself I
have my funds very diversified, tho I did it using copy trading system from the advisor "Charlie Laura".. you might have seen her doing some stocks analysis in the news sometime. Met h at a start up funding seminar and since then I've come to know the benefits of her copytrading strategies an aspect of algo trading methods. Her stocks pick are good...
The key to intelligent is diversification.. A diversified portfolio minimise risk while in for a long term. It allows a certain amount of high-return on investment by offsetting possible risk through more stable alternatives.
Cash isn't king at all in this era and I think the best strategy is to start buying in slowly and then gradually increase the peace of buying as the price continues to drop. Don't catch the falling knife, lol. Long term investors know that's the market and economy will recover eventually, and investors should be positioned for such a rebound..
UK been going down hill for years
It's been going down hill since January 2021 since they left EU
people need to understand our politician's like the way people are struggling...
Lord please take care of your people
It’s not looking good but it’s safe to say that the U.K.’s economy never really recovered from the credit crunch of 2008/09. These issues have existed long before the current inflation-crisis.
Yes. These extensive and complicated issues havent been the same since my parrot died. This important topic of conversation has been the lifeblood of my family for years.
@@rog3833 I can imagine. How are you and the fam. bearing up at the moment?
It's a world thing ,not just in the uk
Wait until property prices fall and people have higher mortgage payments. Negative equity.
and snap up properties like happy meals
The people using these places were manipulated into voting for this.
1000% - that’s the wickedest joke of all. Told that jonny foreigner was their enemy. Reminds me of another history lesson I took. But vote with hatred and xenophobia in your heart and I’m sorry, it’s reaping season. I don’t like it either but there you go / the universal law - you reap what you sow.
The problem is simple. Money does not circulate in the economy it gravitates to the owner class who don't spend in the economy most of us live or earn money in.
They Spend It In Their Luxury Tax Offshore Tax Retreat!
@@jasminebali8068 Correct
@chris perkins 👏 Best comment I've read in this thread. Succinct, and worthy of further investigation. If only every voter in Britain grasped the underlying facts of your comment. Deserves to go right to the top and stay there for all to read. Maybe there's a short video or documentary you can suggest in these forums.
@@comealongcomealong4480 Thank you. I sent a reply suggesting you check out "fractional reserve" if you want to understand why there are so many billionaires, but it was deleted I wonder why.
@@chrisperkins7331 Okay. I've never heard the phrase "fractional reserve" before. I will investigate 💡💡 ✔✔✔
If we are in a recession then WHY ARE ENERGY COMPANIES MAKING RECORD PROFITS?
Jesus Christ, pay a fair wage for days work in the country !
I saw a job I could do the other day. 6 or 12 month contract. Half the pay I had in the early 2000's.
@@earthman6700 When i was job hunting as an engineer I was offered less now with 10 years under my belt than I was fresh out of my apprenticeship as a newly qualified engineer 10 years ago!
There are three securities every government has a fundamental duty to maintain:
Food security (enough homegrown food).
Energy security (enough independently generated electricity at least)
Potable water security ( taken for granted in the UK).
Despite the lessons learned in the past 100 years, we in Britain, are dependent on the French for energy and the rest of the world for food.
The global warming (due to human activity) scam has cost us so dearly. We have 300 years of coal supplies under the ground in the UK that could power food security and energy security in a heartbeat. A by-product of cheap open cast mining would be additional water security too.
You know how bad it is when people go to Food Bank to feed themselves.
Some people are just looking for something for free. Most people getting food are not starving and always have money for cigarettes, tattoos, and alcohol.
@@jackoh991 na I'm prob being over dramatic, think there is people playing the system but there are genuine people tbf
soon food banks will have no food
The benefits are actually quite good in the UK,lots of countries don't even have these systems
Like third world countries? 😂
Finally some real questions great reporting well done
Showing wages and benefits need to rise at least in line with inflation
The 1% national insurance needs to be lumped more on the wealthy.
The standing charge on fuel needs to be scrapped and replaced with an increasing VAT rate so those in the top three income decile groups pay 20% VAT rate on domestic fuel and insulate the poorest homes first.
A £20 uplift is nowhere near enough, it has been effectively frozen for years and needs raising by 30%.
As a disabled person on Employment and Support Allowance, I did not even receive the £20 a week uplift.
The reason for brexit was to protect the wealthy, but sold to a gullible public as something else.
@@edwardbrady5843 Agree on Brexit being about protecting the wealthy. Brexit was sold as 'taking back control' when really:
- proportional representation
- an elected house of lords
- joining a union
- going on strike
- supporting strike action
- protesting / campaigning
- avoiding spending money on unethical companies
are taking back countrol.
The problems everyone are dealing with, everywhere - Covid, issues regarding the war in the Ukraine - are compounded in the UK by Brexit. Huge problem which has only, really, just begun for the UK.
Yes. A lot of other countries are dealing with covid and the war in Ukraine too, but they are coping much better, because they didnt exit the EU. I am living in Germany, I can assure you, scenes like I watch in british videos arent happening here. I am poor myself, I know, what I am talking about. We got inflation here too and issues because of the war in Ukraine, but the supply chains are working well and we have of course another gouvernment. Its not a real problem, that I cant buy sunflower oil of the Ukraine. I buy oil from Italy. Shelves are full.
Can you point to anything Brexit specific?
KNEW The Blame Everything On Brexit Brigade Would Be Back! As If They EVER Went Away!
@@elipa3 Scenes in videos? Nothing much is happening here, let me assure you. Poor people are poor, is this really news?
@@elipa3 theres a lot of sensationalism in these kinda programs.
"We will bring rail, mail, water and energy into public ownership to end the great privatisation rip-off and save you money on your fares and bills" - Labour 2019
"We should nationalise energy companies" - the UK public in 2022 after voting Tory in a landslide in 2019
Boris doe s understand but he does not care
I’m confident the current market has an equal possibility of making high-value gains or losses, so I'm cautious with my selections; but, I heard that a trader made over $250k in this recession influenced market, and I could really need ideas on how to achieve similar profits.
You’re right! The current market might give opportunities to maximize profit within a short term, but in order to execute such strategy , you must be a skilled practitioner.
@@Alejandracamacho357 Having an investment adviser is the best way to go about the market right now, especially for near retirees, I've been in touch with a coach for awhile now mostly cause I lack the depth knowledge and mental fortitude to deal with these recurring market conditions, I nettd over $220K during this dip, that made it clear there's more to the market that we avg joes don't know.
@@Patriciacraig599 that's impressive!, I could really use the expertise of this advisors , my portfolio has been down bad....who’s the person guiding you.
@@mesutserim1595 The advisor I use is Corinne Cecilia Heaney, she's verifiable , so you could just search her.
@@Patriciacraig599 I looked up Corinne using her full name and found her web-page, read through her resume, educational background, qualifications and it was really impressive. She is a fiduciary who will act in my best interest. So, I sent a message and hopefully she responds soon.
Breaks my heart 🙁
9% , How do they work that out..?
When something I regularly purchase was costing back in January , 89p... Yet now 1.29
Why is UK’s inflation higher than Europe and US?
Theres very little in it and it does flip on who's is higher but the UK imports a lot which is a disadvantage.
@@R1chardH thank you, that is good to know. I only thought that the fuel price shall remain calm in the UK as it doesn’t rely on Russian imports.
the price of petrol has come down
Firstly, the whole planet is having this impact. Just look at the US, they are the most stable currency and they're struggling. In times like this people need to take a close look at their finances, cut luxuries, earn more and give to food banks if you can. There is no quick fix for this.
the whole planet, yeah...but at different levels. No other country in western Europe is rasing taxes to low-income people like the UK. There is a lot of money in the UK, it is all a political choice how you spend it/ invest it.
Idiotic comment.
The woke snowflakes see this situation as an opportunity to beat the conservative government with a stick.
IT IS NOT A UK ONLY THING - the financial turmoil is a global hiccup.
It's obvious that a sudden stop in the economy would cause a global ripple effect.
It's planned all by design wake tf up
Please! Would people outside the UK stop commenting on articles exclusively about UK conditions. It is not helpful and confuses people.
I wonder if insulation is toxic. My old house had so much loft insulation it looked like a candyfloss room. Highly flammable and it was a small house. One of the worst energy eating houses I was ever in. So no! Insulation isn't the way forward. What a joke
Brexit has 80% of the blame for this inflation..
You give them £2000 a week for food shopping they would still be depressed.
That’s because they won’t spend that money on food.
I have visited England many times. It is heartbreaking to see the struggles of regular people struggling to pay heating and
energy costs! I hope their government will begin to think of the people FIRST!!
But the UK population voted for this government! I don't understand, they showed the people how there were from 2010-to 2017. Yet, people still voted for them.
And the Biggest problem is .. fine we get help now like the £150 council tax , and the possible talked about £300- £600 energy for low income , but at the end of the day .... just like Furlough, we will have to pay it back one way or the other in another tax or increase some where else.
yes
Imagine depending on that lying Tory vampire to keep you alive? My heart goes out to those poor people. They are in big trouble now.
I worked through the pandemic. Why should i pay for Furlough.
If people can’t afford food there is something seriously wrong with the country
if healthy, responsible adults can't afford food it says something about them.