UK inflation rises to highest rate in 40 years as cost of living crisis deepens
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- Опубліковано 16 сер 2022
- Butter, milk, ready meals and bread. They're all soaring in price, and the rising cost of food has helped to push inflation into double digits - its highest level for more than 40 years.
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Labour said families were now "worried sick" about how to manage and accused the government of failing to deal with the scale of the crisis, although the chancellor insisted people would be getting extra help with fuel bills.
But the Bank of England has warned that the cost of living is set to rise even higher.
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Even though I plan to stick with it, inflation is wasting my money and my portfolio is losing gains every day, so I need a cure right away. My main concern is how to raise the value of my cash reserve because it has been lying there for a very long time with little to no increases and inflation is currently about 10%.
Indeed, I started investing in 2018 with no prior knowledge or expertise, and by the end of 2019 I had earned a profit of approximately $750k. I had simply been following the guidance provided to me by my financial advisor. This shows that you don't even need to be a great investor or put in a lot of effort; all you actually need is a professional to help you.
@@danieljackson87 That's amazing! Given my failing portfolio, I could really use this manager's abilities. Who exactly has authority over you?
@@mikeharry96 I encountered Julie Anne Hoover through a CNBC interview, and I emailed her. She is guiding me. Since then, she has given me chances to buy and sell the stocks in which I'm interested. You can hunt her up online if you require care supervision.
@@danieljackson87 Insightful... I was curious after reading what you shared, so I Googled her name. I came across her webpage.
“Poverty is the parent of crime and revolution.”:- Aristotle
Indeed. If the "elites" as they like to call themselves want to see the guillotine dusted off and a second French Revoloution then by all means just keep doing what your doing. Think were to civilized for such a thing today, think again.
There's always one golden child.
I suggest you look up the fallacy argumentum ad vericundiam; Aristotle said nothing of the sort but Aristotle also thought or supposed that a ton of feathers would fall more slowly than a ton of bricks so he is not much of an authority.
@Gavin Gas Could you not say that of Alexander, Julius Caesar Pythagoras, Genghis Khan, Euclid, Plato, Socrates,Archimedes or anyone of the past none of which cannot be verified by direct immediate personal experience?
А богатство мать содомии
Whenever I hear of these records being broken, it’s always the worst for 30 years or the worst for 40 years. Then I look back 30-40 years and think of who was in government at that time… and there’s you answer. It’s ideological for them, why people would think this political party has ever been any good for this country is beyond me.
You do realize of course that the majority of the world is suffering from high inflation, are you saying our Government is responsible for the world's woe?
@@polaris7122 it's our woes that are relevant.
@Deano you don't seem very happy!!
beter and worse meaning more or les likeable which is subjective, the winter of discontent under uncle Jim was nit exactly roses roses.
The Tories have always took advantage of that 'received wisdom' delivered in drip form by Murdoch and the Bartley brothers.
Such ideas as 'labour can't manage the economy' and 'labour just spend other people's money' and so on.
Completely ignoring the fact that they continuously award all the big government contracts to their friends and sold off all our basic amenities (water, housing, gas and electricity) to line their own pockets. They've done this for 40 years and people have voted them in against their own interests.
People for so long have believed there is no better way to run society but the truth is nearly all of Europe, especially the Scandinavian countries are run so much better. They have hiigher taxes for individuals and businesses which are turned into good public services with no harm done to their GDP. Needless to say they have better outcomes for their population.
The phase, cost of living in it self is disgusting
The cost of living is a fact or that which is and cannot be different.
What is the point of being disgusted by facts? - It is simply futile as it not?
Do facts cease to be facts because you happen not to like them?
I imagine you're not going to like all sorts of things; do you expect to like everything?
Old Yorkshire saying: "expect nowt and you'll not be disappointed".
Can you free yourself from expectation?
- If not you are a slave are you not, the slave of expectation which is dreaming about the future so men are the slaves of their dreams.
@@vhawk1951kl shut up TOFF
Everything has its cost. Nothing wrong with the phrase
@@huynguyentoantin Save that is a sweeping generalisation employing a universal and is thus unverifiable; universals being invariably imaginary and demonstrably *can* only be imaginary, in that that which cannot be directly immediately experienced can only be imaginary-see for example the universe or any universal or compound idea the elements of which are glued together by imagination, no finer example of which can be found than the -wholly imaginary " everything"; I need only identify one " thing" that has no cost to destroy or invalidate the assertion that*every* thing has its cost, thus the wise avoid both universals and sweeping generalisations plus it forces the question cost in terms of what and cost to whom? Everything has its cost has more holes in it than a sieve, and it cannot possibly be true, as a moment's reflection reveals.
Government always seems to find money to support wars though...
Off course they do. You must never be in a war and loose!
War makes money
@Mantis go on then
Russia - 1
UK - 0
I will be struggling too to pay my bills but I’m worried and feel so sorry for these old people. It’s time for the people of this great country to take back control and oust this destructive and uncaring government.
Here in Maldives. Our tiny island country. Our water, energy companies are owned by the government. Therefore we the people own it. Profits are reinvested in the network instead of going to private shareholders.
If you're smart you would go to Putin and get cheap piped natural gas. You are a country led by clowns.
They were great because they colonized India .
UK is going straight for a third world country again.
It's inevitable..
The politicians knows it,
The big business men are doing their best to win the election so that they can take advantage of the system to their advantage.
Great?
They will be out next election
How "old" is "old"? Don't be sorry for those that are old_er, than you, because we are just fine, because we can look forward to being(for ourselves)destroyed forever, an thus soon our sentence on this planet will, be up, and we get paid to do nothing, strange though that may sound. Worry is a form of dreaming and unnecessary suffering, which is not exactly wise because you suffer twice of your own volition, and I suppose there is an adjective for that.
Where did everyone think this was going to go having spent money on vaccines and keeping everyone at home?
Exactly mate
Nobody thinks of the consequences when its free money!
It was nice of them to let everyone out for a BLM protest in the middle of a supposedly deadly health emergency though
And then the ‘war’ that they want to prolong sending money there too! Doesn’t matter about our own people on the streets!
But Boris has the right to take a holiday.
As long as it doesn’t effect him, he’ll carry on bumbling.
He wanted to stay on but not do his job... It's a joke 🙈
@@_____alyptic Exactly. And we’re the ones paying him to do nothing.
Everyone deserves a holiday, and everyone leaving a job uses up their remaining holiday. Stop being a pathetic whiner.
Non of these clowns actually get affected much with their guaranteed salary over 100k.
I am actually glad that he is on holiday, because if he would be in office he would be far more dangerous for the country.
Government corruption encourages this kind of thing.
Define" corruption" unless you rust or decay, but you are talking about sin are you not? -The religious talk of little else
Encourages what sort of thing and exactly how?
What you understand of inflation and economic generally, and what do you suppose the causes of inflation to be - if you have the faintest idea at all which you plainly did not?
Not as much as thick thick brexiters voting for this
@@vhawk1951kl Let me kindly elaborate sir, he means to say the Conservative government are a bunch of useless shady c****
Come April 2023 people will have gone through winter with a cap of circa £4,000 for dual fuel average consumers. For those on Universal Credit that is ALL of their allowance while on prepayment meters.
Since many people live in private rented accommodation and have to pay some of their rent out of what was once their Job Seekers Allowance of less than £4,000 that means extremely deep cuts in energy usage.
On top of that the number of people being sanctioned has increased dramatically at a time when a significant proportion are not eligible for sanctioning as they are still not back to face to face meetings.
This is far worse than the crisis caused by covid when santions were ceased and a top up introduced. There is as yet no such provision apart from a promise to remove VAT on fuel which will do nothing.
We also have reduced food availability due to the Russia - Ukraine war and a number of countries that have ceased export of certain foods.
Food yields are also reportedly down in a number of countries including the UK.
This combination of events will see far more dramatic inflation come April with the potential for huge speculation driving up food prices even more.
If we don't deal with gas prices soon we will lock in even more problems with a lack of nitrogen fertiliser cutting yields even more.
In countries that did not sanction Russia, inflation is also a major issue. The problem is, when you shut down the economy for a virus that isn't actually that dangerous, and subsequently proceed to print funny money to fund this, you are going to get sky high inflation. And this is just the start. This inflation will kill many more people than COVID was ever capable of doing. I hope there will be a price to pay for the BBC and their COVID propaganda, for Labour and their advocacy of ever stricter lockdowns, and for the Conservatives, for starting these lockdowns to begin with. I really believe they are all a bunch of criminals.
Anyways, sadly you are right, it is only going to get worse.
And the next winning lottery numbers are?
@@vhawk1951kl you dont have to be a fortune teller to see we are screwed. but since the gov has simps and cucks pretending everything is ok half the country doesnt realise what is coming.
@D R There are no "poor" people there are only people there are poor_er, rich and poor being relative terms, but self-evidently those that are poor_er and those that are rich_er are minorities given an ordinary bell curve distribution of any population taken at random.
In England there are no*"poor" people, poor being defined as*No*food,*No*clothing,*No* shelter and warmth.
@@vhawk1951kl tell that to the hundreds of thousands of homeless we have, then there’s 60% of the population under the official poverty line not your farcical meaning so...
Cost of greed crisis
Exactly. This is manufactured inflation
Good ole Klaus he's been telling us for years poor people are going to be a little upset
With Tory greed and Tory donor greed on top
@@flemlion13 Anything Tory related tbh, only question is....
Is anybody going to force their hand on a change?
What do you expect when the whole western world is built and works on curruption? From politicians all the way to the banks and energy firms!
If we are handing out labels like corruption I don’t think it’s just the west that deserves them.
How exactly do you define "corruption"?
What is your evidence for your assertion?
@@vhawk1951kl none.
most civilised countries still own their infrastructure.
@@vhawk1951kl you mean like the blatant corruption we see now? how about 40bn for something germany spent 40m on? 1000x more for our track and trace and it didnt even work. 200bn syphoned to tory donors in 2 years.
After cost of living price increase. How is 2 vouchers of energy support £ 325 & £ 325 and 1 £150 voucher for council tax for the poor, then keep the prices increasing permanently, going to help the people. Even freezing will not change anything because people income wages never increased. The only thing that might help is bringing the prices back to where they were before covid or increase people income wages to get a balance.
So force the energy companies to produce power at a loss...? They wouldn't even be able to afford to produce power or pay their employees. What we need is a sustainable source of energy like nuclear or perhaps don't abandon oil, coal and gas at the rate they intend to. If we can increase the supply then the price will go down for energy and knock on to everything else.
@@samelbamel3500 Bro, crude oil is at its lowest price in history so that just isn’t true. The surplus isn’t the problem, removal of the cap is so energy companies are now demanding higher and higher payments for their services for... reasons? Literally profiteering is ruining our economy ten fold.
True
33:000 life can get worse and worse. It will for the next 50 yrs. We are in a cycle of extreme poverty for the masses and extreme wealth for the 2%
They tax the poor to give to the rich 😜
Whether through negative tax for them, or contracts, or breaking standards/taking rights, even just straight up giving them a lump of cash to prop them up on...during a Windfall.
If we don't stop this, we deserve it.
Only if the people allow it. The 2% as you call them wont be so smug when they are dragged from their glass towers and stoned in the streets. The people have the power to do that, always have.
Is it obscene how the top 5% owning 90% of the world wealth.
@Gavin Gas nonsense, the Billionaire class are experts in tax avoidance. We are talking about the top 1% who own more than the bottom 70% combined.
It saddens me as I now watching UA-cam videos back in 2018/19 talking about Brexit and considering that "the good old time"...
When people keep say 'why don't the government do something about inflation', we'll they did....they created it. Governments create inflation by increasing the supply of money.
And where is brave Sir Boris? Brave Sir Boris ran away. Bravely ran away away. When a problem reared its ugly head, he bravely turned his tail and fled for yet another holiday.
he's off fighting the vicious chicken of bristol
Having a Martini
Maybe you all should have concentrated on letting him run the country instead of ultimately hounding him out of office!
You can't even be original, can you? You have to ape your betters and those with more wits than you which is just about half the planet.
@@B-A-L he should've never been in office in the first place
I feel sorry for all the poor people, me too
There are few that do not suffer from self-pity
There are no absolute "poor", only the poor_er, because rich and poor are relative terms; inevitably the spendthrift will be poor_er than those that are prudent with their resources and those that pay others to do what they can do themselves will inevitably be poor_er than those that do not pay others to do what they can do themselves who will therefore be, relatively speaking, rich_er than their more spendthrift brethren who pay others to do what they can do themselves or nothing or without cost.
The simply*Are*no absolute poor, because poor is a relative term, and virtually impossible to define unless you define it rationally as*No*food*No*clothing,*No shelter, and*no*warmth, which is the only rational definition with hard edges of "poor".
If you define " poor" as anything-you-please, wholly arbitrarily, that is moving the goalposts so that anything-you-please is poor-thereby you give poor sift edges, it is *not*clearly defined(has hard edges)
Poor can be defined in terms of income and assets(and possibly also liabilities) and by the same token there are very many definitions of money.
it might assist you if you were to watch the relatively short fil :"Money as Debt on UA-cam; if you understand nothing of economics, you will equally understand nothing of inflation, which is not so much about rising prices as about the value of money.
If you can have, or make, as much X as you please, X either is or becomes, worthless does it not?
If X is worthless, *No* amount of X can be exchanged for anything; surely that is axiomatic, or obvious to you.
The fundamental question is: how*quickly*does X become worthless?
If you can invent magic or produce X out of thin air, does it not follow as the night the day that so can anyone else, whereupon why would they want your X when they can make their own X?
If they discover that they can make their own X relatively quickly, your X becomes worthless relatively quickly does it not?
If the value of X (how much it will by) is a function of the total amount of X, if you increase the total amount of X, it follows as the night the day that X becomes relatively worthless, does it not?- The questions is:How quickly
For example if you could buy bread with stones and you can get stones anywhere why would anyone except tones from you in exchange for their bread?
If a loaf of bread costs 1 billion stones you will *never* to be able to buy bread will you? - You simply cannot physically transfer or acquire 1 billion stones and even if you could you would not be able to get to the person that wanted them.
The moment Rishi Sunak, the Chancellor of the Exchequer decided that he would simply invent or magic number money out of thin air or discover that he could have as much of it as he wanted, money became worthless because if you can have as much of anything as you please, by definition it is worthless because anyone can do that.
You can always have more number money by simply adding zeros to your stock of number money and inevitably sooner or later people are going to stop accepting worthless number money in exchange for actual goods or services and that is exactly what is happening if only slowly.
If you increase the money supply without simultaneously increasing the amount of goods and services produced, all you do is make money worthless, which is to say it won't buy anything and that situation happened in the Weimar Republic after the first war (so-called) when the Weimar Republic started printing money hand over fist so much so that it took a suitcase full of money to buy a loaf of bread, and you can see why that is, because money or anything, only has value in relation to how scarce it is, and if it is not at all scarce or you can have as much of it is you like simply by printing or borrowing, which is magicking money out of thin air, as is adding zeros to your stock of number money, it ceases to be scarce and therefore ceases to have any value which is what inflation is money not buying anything or not buying as much and that is a direct function of the money supply, which means to say if you change one you automatically change the other.If the *amount*(quantity)of X goes up, the *Value* of X automatically goes down*, which is what saying the value of X is a function of the quantity of X means; If X has value Zero, *No* amount of X will buy anything.increasing the amount ox automatically reduces the value(what it will buy) of X, which is axiomatic *If* the value of X is a function of the quantity of X,which it in practice is, you follow?
If 1X has the value 0(zero) so does1million X- a million times nothing is nothing.
@@vhawk1951kl
Did you just copy and paste this from somewhere ? There is no way you have time to write all of that lol !
@@Baldrick_dogsbody Sh rug, did I just hear a mouse(nothing and nobody) squeak?
@@vhawk1951kl
Yeah. In your home. It's infested !
Printing money and shutting down production during covid. This is the cause.
The economics is simple, inflation is change in money supply divided by change in total output.
We increased the money supply while reducing the output. This means more money chasing fewer goods, so the relative value of money decreases and the price of goods increases.
This gets compounded by the lack of adequate increases in energy production when compared to the increasing energy demands.
If it costs more to run factories, shops, plants, trucks, offices etc, then that pushes up the cost of whatever is being produced in those places.
Oh and of course, they've been printing money for QE (free money for banksters) for a good long while now.
@Rod Walker You probably have to hand out 'free' money if you're going to basically force everyone out of work.
Of course its a lot easier for us now that we see how everything panned out. We know now that a better response would have been to isolate the vulnerable and wait for omicron.
When politicians are being given cataclysmic predictions though they're just as vulnerable to bad decision making as everyone else.
Particularly since most politicians have only ever studied law and rarely science, engineering or mathematics.
@Deano Brexit may have hurt net exports, haven't taken a look but it wouldn't surprise me since the whole 'one stop shop' for exports is quite amazingly terrible, you still have to do everything you did before AND this extra step.
I'd have not sold those plants, but I'd not buy them back either (we'll get hugely ripped off) I'd probably use the same money to expand the sector. We could make 'national champions' which is where your new plants charge less than the current ones. However we need more overall capacity IMO.
None of this 'get private industry to pay for it and we'll let them fix prices' either, just pay for the plants.
Problem is, its one of those issues no politician wants to touch, because the costs are immediate and the benefits long term.
That having been said, I am very distrusting of the figures out of the US ATM. I suspect they have a higher inflation rate than they let on and are using all manner of special accounting to disguise it. (their M2 is massively expanded)
As a matter of interest have you watched "money as debt"?
Is not just borrowing that increases the money supply but using number money.
@@vhawk1951kl I have not, if I get the time (and its not too long) I'll look into it.
I was thinking more that their borrowing comes with a 'interest' cost so the pain is just being delayed ultimately. The bond rates are on their way up and so on.
@@verynicevidya3515 I'm so old that I have rarely known a time when there was zero inflation, and the fact of the matter is that ever since the so-called 'banking crisis(and what *isn't a crisis?) there has ben zero inflation, and contemporary beings are not as used to rising prices as we older ones, and of course the chatteratti are whipping up those that they can panic and the herd or flock is easily panicked and that all start getting hysterical about what for their elders has always been an ordinary incident of life, and of course men are never so happy as when they are whining whimpering or complaining and calling what is not remotely a " crisis" (by any rational definition thereof) a crisis, without which term the chatterratti would be (blessedly for others) silent.
Never in my emtire ;long life have I ever experienced anything even approaching hyperinflation Weimar or Zimbabwe style, and suppose that now people are squeaking before they are bit; I'm not in the least surprised that there is noticeable inflation if not *that* noticeable, but it seems it is an inevitable consequence of the pandemic when Sunak started spending number money like water, so it is hardly surprising that it has all the value of water, but he clearly had no choice; he was simply postponing the pain-what the wise call the disease of tomorrow.
Quite fun Money as debt if you find time for it in all your money business. Me, I'm so old that everything is compared to my imminent(for myself) destruction forever, compared to which a bit of inflation seems relatively trivial.
It's okay to shoplift from big companies if you can't afford to eat. Never, ever forget that.
Well no they’ll pass the cost of losses onto the rest of us.
@@winzfeld1 I'm sure the rest of us can split the cost of an apple
This has nothing to do with Brexit, this is central banking and the printing of unbacked money, we have diluted the money supply. The fall of every civilisation is down to soft money, an easy one to see is Rome, they mixed cheap metals into their coinage and perished, or the yap islands when Europeans came over and bought with them easily mined Rhine stones. We just shut down the country and bought up a weird serum that this "private" entity sold to us for 7x the production cost and instead everyone needed it and if you refused there would be "consequences", well actually these are the beginnings of the consequences for going along with it. This will cause far more death and misery than the 0.5% death rate or whatever it was from the disease, we could have just dealt with the vulnerable, but no every healthy person must have it too, and the said it was "FREE" hahahahahahahahahhahahahaha
@@theevildice83 you mean an iphone
@@drbennyboombatz9195 Sure bud, keep telling yourself it has nothing to do with Brexit, I'm sure the timing is just one big happy coincidence.
The milk cost in ALDI increased from 1.10 to 1.45 and warton loaf from 1.05 to 1.25. How can that be only 11% inflation?
And stop making this about rich vs poor. It’s the government sleeping since last year, with fueling and energy price increasing since 2021, this kind of inflation is foreseeable. But yet these managers in government didn’t act to reduce.
There's nothing tje gov can do and they know it. Printing more money just equals more inflation.
Inflation isn't only based on the cost of milk and bread. It's an average across the economy
@@forrestaustin7050 I know that. but that is the basis for life. Just like fuel and energy, when these increase, everything else increase. My point isn't only bread and milk, more importantly, look at the price of each individual item.
What makes you imagine that governments can control inflation?
If you were the government how would you go about whatever you mean by controlling inflation?
You got your degree in economics at which University?Would you consider to be the ideal rate of inflation, and what do you suppose to be the causes of inflation?
Contemporary people are only perturbed by inflation because they are used to virtually zero inflation ever since the banking crash, while those of us that are old or much older are fairly accustomed to the inflation which we take to be an ordinary incident of life on this planet.
The chatteratti push your buttons and like good little dogs you bark, but understand nothing whatsoever of inflation having no experience of it.
@@vhawk1951kl Wow. good that you actually going for my university degree and call me barking. LOL. You must be one of the elites or the traders who earning millions off unsuspected 'commoners' as you put it.
There are lots of ways to control inflation starting from the basic level like fuel and energy. Money or currencies are flowing entity, from one pocket to another pocket, where do you think all these money that we pay extra now flowing to? LOL, you literally make me laugh hard reading all your expert opinions. I aint expert, but I am a sane, literate person, reading financial statement of corporates everyday of my life. Anywway, continue to live in your eutopia of capitalism and keep on trusting your government until your next 3 generations burnt off by so called capitalism. I aint arguing further on this. Cheers.
Brother I could of told you this! The cost of living is always more then the few pence pay rises we get... if we even get a pay rise...
could" of"(sic)told you this, or are you trying to say you could *have* said whatever? of (from or belonging to) is not indicative of the past tense, but being an Elsie you have no idea of that have you?
We have FAR too many people on such a little island...No wonder from 50m (in the 1990's) -> close to 70m in 20 years, Something is wrong and it goes way deeper than just the government.
High inflation was one of the reasons GB joined the EU in the first place.
Shhhh 🤫! You should know that presenting facts in the UA-cam comments is not a path worth treading.
Inflation in many EU countries is higher
@@91Durktheturk no it isn't, you're lying.
@@Totalinternalreflection It is. In my home country, NL, energy prices are even higher than in the UK for instance. Roughly 6000 euros for new energy contracts for the average household. I don't yet see that in the UK.
@@91Durktheturk Not in the large EU countries which make up the bulk of the european trade - like Germany, France, Italy, Portugal, etc. ...
I'm having enough trouble buying food as it is .17% I won't beable to buy any, There will be fights at the yellow reduce tickets shelves. It looks like Christmas is cancelled this year so I'm asking nicely to all the youtubers not to show off you floor to ceiling Christmas parcels as my children will be only getting stocking full this year .Many thanks to our millionaire Chancellor of Exchequer who won't have nothing to worry about this year or his wealthy buddies.
Oct 1st Strikes is the only way we can show them that we won't just take it.
If we don't stop this madness, we deserve it.
There are more working people in your situation than you could imagine, the nonesense marketing that is fostered onto the younger generation is all part of this illegal wealth theft, persuading kids they are not cool or disenfranchising them if they dont have certain brands, We have to change their mindset so they understand that these things are not necessary and those that push such are talentless coat hangars and brainless fools whose usefulness to the brands will soon diminish.
Here here I wouldn't worry to much though something is going to happen these politicians and globalists are cutting way to deep now I have a feeling that they are past the point of no return and are about to fall on there own sword
Well don't watch it then. Or open your channel and earn on stupid.
And the next winning lottery numbers are?
I don't care what anybody says or what excuses they make to defend the Tories..... They can soften the blow here but they won't! Unless it effects them!
The Tories let children starve and said they'd vote against the school meals because and I'm not joking *'they were called Tory Scum'* ...it's insane
Any government serious about tackling inflation would stop printing money and sending it to Ukraine.
So not the billions stolen by the tories, or the two trillion wasted on brexshit, but the arms to Ukraine you want to cut against a man who is the enemy of the British state who murdered British people, you are a troll or a trraitor, only u know which.
And also they would decrease.the rises in the cost of energy. Because that's gonna push up the price of everything and further increase inflation
@@Razmatazuk how can they do that other than by nationalisation
@@yellowgreen5229 bingo. they could always enforce a cap and not keep increasing it. they could also windfall tax them. renationalise is best option tho. stop giving our money to foreign shareholders.
They can`t afford this, that and the other so they go to the café for breakfast.
Supporting local otherwise they shut down too and add more poor unemployed people to the system.
I know disgusting having the gall to eat in a cafe whatever next
@@neilburns5934 they are winging about poverty and then go out to eat. what do they do for the evening a five course meal at a royal restaurant?
@@samelbamel3500 we have plenty of jobs for those willing to do the work.
Yeah, they could have stayed at home and made it themselves, I mean the ingredients are cheaper, but the flaw in the plan is, how much would it cost to cook the food ? Plus that's a bit insensitive of you m8, does she look capable of standing at a stove and cooking herself a meal ?
Business don't have to raise their prices as much as they do but they know that people have to eat, and have utilities, rent mortgage and everything else
they do because costs of heat and building maintenance are up. so they pass the costs on us.
we now resort to buying anything that can't be cooked more than 5 min because electricity is effing expensive.
@@PHlophe I know and it's going to get so much worse. My family members will just not listen to me about things. They are so damn wasteful.
Most of our darn money goes towards food and gas for the vehicle then the bills. We don't go anywhere or do anything either
It's astonishing how many people don't actually realize how inflation works. Yes the business has to raise the prices as much as they do. They need to raise their wages to attract workers, they need to cover costs of goods and up keep etc.
Winter of discontent the sequel, coming late 2022
The Year of Discontent
winterus horibilis
Yet supermarkets are recording 100's of millions of pounds in profit. They are making so much profit and STILL raising their prices which is why food inflation is currently over 12%. In a time of crisis it's called profiteering. It's also pure and simple greed.
"The cost of living is a killing." I tell you the world is full of interesting and creative people😉
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Yessss!! Bitcoin going up is good for the entire market. My largest holding is also xrp, and I actually root for bitcoin to do well, because history shows xrp lags behind it.
CH4 how about you talk about the impact of Brexit.....
Time for the government to come clean with the people and just say, inflation (a tax on everyone, but especially the poor) is something they brought us and something we have to pay, because we have to print money and send it to Ukraine, we have to print money to pay off our mounting debts, we have to print money to cover the costs of paying perfectly healthy people to stay home and not work during covid. just tell us all this pain is because of the decisions they made.
They caused this were the ones that's going to suffer it's a choice steal or starve if that's the answer then I know how I will survive and I can assure you I won't starve
it isn't just UK...it's not a picnic in Canada with prices either!
This fucked up world is doomed
What they're going to do after they crash the whole system is 'build back better'.
My student loan comes in soon, annual rent is 5,000 (thankfully inclusive), but leaves me with £120 on average a month. With a job, this would help but even those are hard to come by. I love my local community, but I hate my government. I hope to move away when I'm older.
Not to mention that VAT is a flat tax so the wealthy already pay a lot less % wise in that regard.
@Gavin Gas only because they earn so much extra. id rather earn 100k and pay more tax than be on min wage or something, wouldnt you?
Quick fix that would help is immediate rise in minimum wage to £11 per hour. This would be worth around £1700 in the pockets of the low paid and would come directly from business rather than the exchequer. Small businesses could get tax rebate to recover it but larger businesses would have to take the hit
This would have to come with tax rises (windfall, or income for the better off) if you didn't want it to make inflation worse. I'm all for that but it's worth remembering that increasing the cost of labour alone will stoke inflation even more.
Pity we can't put the useless greedy tories in the arena😉
@@footballmint bullshit!
@@footballmint Even though wages have been stagnant for a long time now?
They were already behind & that was before the 2020's Crisis.
Can't they then just do slightly below inflation? The whole wage-price spiral thing seems *a tad wee bit* overexagerated 🤷🏻♂️
Agree but minimum wage ain't going up to 11 pound an hour and big business ain't going to take even a small hit that's way to fair a move for any of these ignorant political parties
They should have saved for a rainy day. Why should I bail these people out?
I hope you have private medical insurance then, selfish cnt!
You will be in the same position sooner than u can imagine
@@jayrob846 Who will be? I'll probably be in a better position than 'u' because I'm not illiterate.
If you're on a low wage, then you'll struggle to get by on a week to week basis, never mind having cash left over to save.
I wish I could say I was sympathetic to your plight, but after ten years of listening to you Brits arrogantly criticize the U.S. for being so poorly run, I'll admit to feeling more than a little pleased that you're going through tough times of your own.
Whats that song at the start?
The £50 billion profits the thieving energy companies made in the last quarter (3 months) need to be reinvested back into the energy funds/restructures/renewals and support to reducing costs for customers. Renationlise immediately!
They enjoying the money the share holders
When the sanctions hit the wrong target.
Another benefit of Brexit, well done to all those who fell for the Conservatives lies.
they've all gone silent for some reason.
Sunny uphills just around the corner. Worst case we can eat the bulldog (spirit).
so big boy bernadotte is in favour of being ruled by a proxy of the catholic church, okay got it
You blame the Tories for the Ukraine war? What a doughnut.
@@jasondevon481 who is being in government for the last12 years?
The holly spirit ? Or the tories
How come in most EU countries the inflation is around 7 % whilst in the UK it's close to 10%
These numbers are incorrect
People would rather have internet and all their entertainment tech than food these days 😎
Really, which people or person in particular can you identify?
@@vhawk1951kl all I’m saying is people have a lot more to pay out these days than we used to have through tech...it’s no wonder people are skint..
@@MATRIX.... Jolly interesting, so or therefore what?
Where and what is your syllogism?
X is "skint" if he spends more than he earns or receives.
"Annual income twenty pounds, annual expenditure nineteen nineteen and six, result happiness. Annual income twenty pounds, annual expenditure twenty pounds nought and six, result misery.
@@vhawk1951kl i only have my smartphone and have been thinking about going back to my dumb phone on 3G,I don’t have internet at home,I don’t have Netflix,sky etc,I don’t have internet banking on my phone,which makes people spend money more easily,I have a lot more money to spare because of this..
@@vhawk1951kl 36 million video gamers in uk,cost of internet,subscription costs,all the extras,it ain’t cheap
Scotland would be mad to leave the union and all the benefits of being one of England's last colonies.
The first colony of England was technically Cornwall and the Wales.
Europeans who been kicked out from UK dodged that bullet
You can blame it on BP and shell for being greedy 🐷🐖🐽
Brace yourselves OCT is coming energy prices gonna go up, especially the standing charge will be crazy high.
From an EDF associate 🤐
The politicians aren’t distracted lol, this is the effect of economic factors from months or even years ago.
Somalia 🇸🇴 inflation is just 3.5 percent how is the UK inflation double digits ? Everything in UK supermarkets plus more are stocked here. I think greed plays part
We haven't seen northing yet , Wait till winter sets in and then your know
This is all brexit. Yesterday they announced the Dutch economy grew by 3% over the last quarter. No recession there.
Yes, but consumer spending dropped, their GDP uptick could be down to Military sells to Ukraine.
@@DavidJohnson-dc8lu the Dutch military complex is virtually non existent. They are not making anything from selling a few helmets to Ukraine
Because the Dutch don't pay their people to sit at home making kids 🙄
As being from NL I fear I must correct you because what you imply, namely that it is just the UK that suffers, is absolute rubbish. There is an even more major crisis with inflation in NL compared to here. Even higher energy prices in NL compared to here. The only reason GDP has been growing in NL is because people have to spend more to buy basic goods.
No, it's all triggered by the tyrannical covid response. You can't shut down the world and print £300 billion of your own currency and not expect inflation.
The more I see this on the news, the more I keep thinking about ‘The collapse of Civilisation’ coming soon…. Good idea I didn’t stop my anti-depressant subscriptions.
The shops are looking like a zombie apocalypse has gone through them,
all of this, ALL of it is the energy companies.
BP and ESSO and the like have a lot to answer for with their high prices and record dividends
If people can't see whats really going on it's a poor outlook for them
People have been incorrectly blaming things for the last year or 2. Nobody dumber than the British public.
We need to inform the polititicians about this!! They'll be devastated!! They will do something for us right away I am sure!!!
Labour would do nothing logical that's for certain.
@@Dynasty1818 12 years tory goverment and you moan about labour.genius.
Yeah, we could have tokens for free meals in cafes and having our hair bleached and cut for free.
@@debbiehenri345 Unsure if they'll go that far...
We're well and truly fucked.
😳 Economic strength at a time, it is important. Albeit, it is affecting nearly every place.
Define" economic " strength".
Ah yes, I see, you cannot, because it as meaningless as it is relative.
@@vhawk1951kl 🤌 'We have more than the enemy'. In short summary, the economic strength is not the only form of essential strength and seems to hold little relevance so point made and understood.
@@christinalynn8143 I don't have any enemies but I can certainly see how you might -if only the fantasy enemies of the paranoid. There is no " we", you are strictly on your own. You plainly don't have a degree in economics-or anything for that matter, do you? Yes, it is that obvious.
@@vhawk1951kl You have a lot going on. Too much it seems. 💃 Enjoy the rest of your life journey. 🤌
While the cost of living increase the government are spending over 2.5 billion pounds a year on housing illegal immigrants in hotels across the uk at the expense of the tax payer. This is illegal human trafficking made legal which helps transfer tax pounds into the pockets of the lose involved in human trafficking. Over the next year or so the bill for human trafficking will rise costing the uk tax payer closer to three billion pounds a year.
Government will "fix" this by providing "support"; that's handing out more cash into an economy that has too much cash chasing too few goods.
Exactly. We don’t have enough people talking about the fact that this is a supply-side problem and that it’s not the same as 2008.
Redistributive policy is always an option though, and the right thing to do when the poor are at risk. Atm it's looking like we're just gonna get tax cuts from Truss though, it's going to get a lot worse :(
The only solution is to rejoin the EU the price will go down. Because you shot yourself in the legs and now u deal with it not our problem
Finally someone who gets it. We're in for a recession the likes of which we've never seen before in this country. People are going to have to learn to live within their means. I know that may sound alien to some people but honestly the way people spend money nowadays is obscene. An economy that relies on consistent growth that has been controlled and shut down for 3 years has to shrink, it's impossible for it not to.
People want to have their cake and eat it too. I work in a major supermarket and I've personally seen many products increase anywhere from 10-50% in price. Best bet is to buy some non perishable goods (tinned & dried food) now whilst theyre "releatively" cheap before the real inflation comes.
😅😅😅
I have a plan I'm growing my own and learning canning .I gotten a books on foraging and learning what I can find in the country side where I live . Also salting , smoking , drying and pickling. Did you know that food in can can last a 100 years as long as the cans are not blown rusty or bent and dented . They have to put the sell by dates by law . All that canned food wasted and throw out because people don't know that . If help to find an alternative solution to your problem . And even selling my soups and jars of homemade at a carboot to bring in a little money .🥰
What?!
Winter is coming😈
I liked games of thrones too, is a good series
@@Peter-ve6gz watching the box set rerun as I type ,well actually got on pause . Taking a break
I am 22yo living alone and i am on £40k salary live outside london and get the bus/train to work. Today over hear a boy similar age but much better looking than me with his tesco uniform on on the phone thinking of getting a new Mercedes car on lease... and i am sitting there thinking what i should buy in the market when UK goes in recessions!.... How Sad am i!
I think you're the smart one, not sad at all.
@@xMichelex Yeah but this boy is much better looking than me. If you are good looking you dont have to be smart and work hard in life. Look at those men in Love Island.
@@ghosthdel3098 He is also broke and thinking of leasing/renting a car he can't afford... You can pay for cosmetic changes and look how you want nowadays.
he probably has a sideline ?🤣
@@xMichelex but you don't know that, maybe he does not even pay bills by living with his parents for example.
I once love grocery shopping. Now all i pay attention to is the pricing. Not the value of the meat or veggies. But only buy the lowest price ones. Geez at this rate, were going to be eating only cheese and crackers.
Saw it coming months ago!
It has been coming since the last bank bail out
I just feel sorry for the elderly, they have seen some much in their lives, they deserve so much better. Unfortunately there's a lot of lazy people, and people who make decent money but can't control their finances who are complaining as well. The government isn't much better especially when it comes to looking after their own people first.
How old is " elderly"? - Older that what age?
@@vhawk1951kl 65+ and receive a pension, if these people are struggling and need extra support to help them heat their home it should be given to them by the government.
If, as I am , I am over 70 I " deserve something do I?
Why do I " deserve" anything? -Simply because of the passage of time, or because-as you put it, I have " seen a lot"? Do I acquire some notional merit simply as a result of the effluxion of time?
If so, why?
Is that you own idea or did someone else put it in your head?
If I am old and useless, why not just kill me?-I'm of no earthly use to anyone and will die soon enough anyway . Why pour scarce resources into those that, like me are, utterly useless?
Is that not the responsibility of those that I caused, my results or children?
the problem is that the UK government will give billions in aid to other countries ,before looking after their own , a prime example is the war in Ukraine .millions of tax payers money being spent ,when this countries pensioners are facing a bigger crisis than anyone else will face ,,and truss and co go on about lower taxes grrrrr that does not help any pensioner ,,the minimum wage should also apply to pensions ...the UK is a utter disgrace the way it treats the needy and the elderly
@@vickyd3429 they are going to get more in the winter fuel payments
Putting our time and effort in activities and investments that will yield a profitable return in the future is what we should be aiming for. Success depends on the actions or steps you take to achieve it
With the current economic downturn investing into stock market will be the wisest thing to do to ensure success.
@Mark J Kohler This could be the wisest word I've heard you got my points
Every new day, Bitcoin gains support and patronage of more and more politicians, billionaires, finance institutions and institutional investors. Investing make up the top notch hemisphere of wealth. That's the more reason one should save and invest to secure profit and ensure success.
@Jonathan Taylor I think it's not always about fear, Sometimes realistic factors discourage people from reaching their goals in life. For instance, I've tried investing in the crypto market several times but always got discouraged by fluctuations of Bitcoin value.
@Robin Vanessa Great idea, how did you do it? I could use some help over here too, My stock/ Crypto picks have been depressingly bad Tbh I'm in need of a good investment plan currently, I have a lump sum of $80k+ in a savings account yielding next to nothing. Do you have more clues that could help?
All people are policy makers nowadays,,so smart
She's never seen it this bad. Well, you haven't seen anything yet. That's not pessimism but realism.
We need our government to stop sending British peoples money to every country that puts their grubby hands out and give the money back to the British people
For how many years have the "British peoples" been plundering the whole world under the British Empire? Would you like to make the balance to see who's been the greediest? Jesus, have a little decency if the word has any sense to you.
Uk should pay back all the stolen wealth. With interest.
Time we stopped sending money to a country that has its own space agency and is an ally of Russia. I'm looking at you, India!
“Eeeeeeeexellent” by Montgomery Burns
Sure, but remember, you won’t have to disclose your overseas bank accounts!
Thank goodness for that: who wants bossy little nosy Parkers poking their noses where do not belong into other peoples business?
Pay Tax before you receive your wage.
Pay VAT after you receive your wage.
Pay Council Tax.
Pay Road Tax.
Pay TV Licence.
Pay Car Insurance.
Pay Water Bill.
Pay Gas Bill.
Pay Electricity Bill.
Pay Food Bill.
Pay Rent.
Pay Mortgage.
PAY PAY PAY PAY PAY
It is the same everywhere. In the US the overall rate has gone down a little in Canada it is even less. However, when they start to tell you how much items have gone up, such as food in the US is up 9% it is still rediculous. In Canada most meal items usually have gone up $2.00, in some cases $3.00.
Yes, and no. It's worse in the UK because of Brexit. You can't expect prices to stay the same when you remove free trade and the movement of cheap farm labour into the country. The UK imports most of its food (it has done for about a century). In Canada and the US, they don't.
Seems like the bills in France won't reach anywhere near 4000£ per year in January. Neither in most of Europe. Define everywhere
@@buk3695 Because the government has intervened to nationalise EDF and so EDF is suing the government. All fun.
All that money made from cannabis sales
@@bl5752 UK imports about 50% of its food but still really reliant on global trade.
Starmer looks like he’s had a good holiday
Ummm he's not in power. I'm on holiday, should i be held accountable?
Well to be fair Starmer has fck all to do anyway!
absolutely disgusting the elderly will suffer so much
That's the plan
Cathy Newman.
Last night, I went to this Sainsbury in Paddington Central. I found 4 small bags of sliced carrots, which were at reduced price of 10p each. This morning, I checked my pay as you go electricity meter. I had £2.59 credit on the meter. I roasted these carrots for 35 minutes in my fan running electric oven. And, boiled some beans on the induction hub, and used my blender to make can of chickpeas cummous, and made one spiced lentil pancake. Total electricity cost was £1.40 for all including £45p of standing charge for the day. Using computer will cost me around £1.00 for the electricity for the day. My small radio will take 50p for the electricity. I do not watch TV. I have not checked these activities before but I pay much more than double for the electricity, nearly trebled. I stopped using gas many years ago. It is only me here. I am lucky I do not have any children or any other family members. If any want to get reduced priced items, you can try at any supermarket after 7 or 8pm every night. I have seen some supermarkets sending huge amount of unsold expired products to their warehouses. My Google search results shows 40% food products are wasted around the world! Shocking! This is how the capitalism and market economy works for billionaires, millionaires, shareholders, CEOs, directors, managers, and politicians!
problem with politicians now. they will be promising stuff they cant deliver just to get elected
It's what they always do. Promises, promises.
By deed or decree ,
you have to pay
if You injure
The Duke Of Buckingham,
ITS YOUR OWN RULES!
Why would they talk about solutions when they created this. Deliberately.
I'm sure they'll be alright, nobody's gonna starve
In a brief moment of fairness, we'll have to see whether the new Prime Minister will be able to make a difference. Going back to my normal viewpoint; I wouldn't hold my breath if I were you. Neither Sunak or Truss inspire confidence and I strongly suspect that within a year's time, the disUnited Kingdump will be the disUnited Kingdumpier Than Ever.
Politicians have very little control over inflation anyway. It's a global issue. In the US everyone blames biden. In the uk everyone blames borris. It would be exactly the same whoever was in charge because the supply chain is a global chain.
Lol
I was in London for the first time ever (pre Brexit etc) and was surprised how cheap supermarkets were for many items compared to Canada. I'd bet that it's still isn't more expensive. Everything else was through the roof tho I must say.
Not sure what 'easy cook rice' is but it sounds cheap. 8 kilos of cheap rice at Walmart was ~17 CAD when I last checked and that's ~ 11 GBP's or ~ 25% cheaper per kilo for you lot.
where about in CA
@@PHlophe Lived all over. Presently in cottage country.
@@JillWhitcomb1966 When I visited Winnipeg nothing seemed to register as being particularly different except for cheap beer in the pub. Currency fluctuations seem to take years to sort themselves out for many items. When I was buying wholesale european items thru NY they seemed to adjust prices for currencies on an annual basis, it was quite apparent after a year of a strong currency and nothing to show for it.
bruh.... are you actually saying that 10 GBP is the same as 10 CAD? CAD isn't worth as much as a pound... ffs
I just checked the price of 8kg of rice out of interest. It's about £10 which converts to 15.56 CAD which really isn't that much less than what you said. I think food prices are much the same in the west generally. They're all going through the roof ofcourse.
Starmer you wouldn’t know what POOR IS .
government? what government?AWOL
Hello Alasdair, how are you doing today.
Glory to ukraine. UK ppl suffer together. Politicians are laughing, as ordinary people r so stupid.
Genuinely think we're doing worse than Russia nowadays.
The sanctions are doing us far more harm than they're doing Russia. Russia is doing quite nicely out of it if anything.
Leveling up
Don't understand why pandemic is putting food, energy, health care and real estate everything price rise?
✓
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big up brexit, not like corbyn said this would happen 💪💪💪💪💪
Corbyn is antisemite
It's not brexit It's affecting every country
@@grenadewarrior9334 what is the title of this video
Corbyn is a half wit and said nothing of the sort - he has all the wits and learning of a potato or any other crazed religious fanatic
I need a tory for my dinner. 😡😡😡
The government is truly embarrassing.