UK economy crippled by inflation - are high prices here to stay?
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- Опубліковано 18 кві 2023
- Britain has the highest inflation rate in Western Europe. Last month the rising cost of food contributed to a 10.1% inflation rate, only a slight drop from the month before.
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In the past year, the price of olive oil has gone up by 50%, cheese and eggs over 30% and vegetables 20%.
This is the sharpest 12-month food price increase since records started in August 1977.
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Inflation hits people a lot harder than a crashing stock or housing market as it directly affects people's cost of living that people immediately feel the impact of. It's not surprising negative market sentiment is so high now. We really need help to survive in this Economy.
I think I could really use more guidance to navigate the market, it is completely overwhelming, I've liquidated most of my assets and I could really use some advice on what best to invest into.
Your best option if you are unfamiliar with the markets is to seek advice or help from a consultant or investing coach. I know it sounds simple or generic, but talking to a consultant helped me stay afloat in the market and increase my portfolio to roughly 65% since January. For me, it's the best method to enter the market right now.
please who is the consultant that assist you with your investment and if you don't mind, how do I get in touch with them?
'Melissa Terri Swayne is the coach that guides me, you probably might have come across her before I found her through a Newsweek report. She's quite known in her field, look-her up.
Thanks for sharing, I just liquidated some of my funds to invest in the stock market, I will need every help I can get.
The FED knows they aren't committed to attacking inflation. They are going to continue to inflate, stocks and commodities will continue to go up with everything else. You can't just sit on cash waiting for a crash, get your money working for you, start buying in slowly and then gradually increase the pace of buying as the prices continue to drop.
Recessions are an inevitable part of the economic cycle, and it is essential to be prepared for them and have a well-structured plan. Having personally entered the workforce during the recession of 2009, I directly witnessed the impact of inflation and learned the significance of generating additional passive income as a countermeasure.
@@richardhudson1243 Experienced investors who hold investments for the long-term know that the market and economy tend to recover over time. It's prudent for investors to be prepared for such a resurgence. Personally, I have invested substantially in this unstable market and have earned substantial profits - my portfolio has grown by 65%. I will keep a close eye on the situation for now and gradually increase my stock investments as opportunities present themselves.
@@tatianastarcic How did you achieve it? I been trying to stick with index funds. I feel this new interest rates hikes could crash this economy. I'm looking out for a better investing strategy, I have a lump sum that inflation is steady eating up.
@@maiadazz Having a counselor is essential for portfolio diversification. My advisor is Laurel Dell Sroufe, who is easily searchable and has extensive knowledge of the financial markets.
With inflation running at a four-decade high, the Recession is now the ‘most likely outcome for the economy and I cannot imagine being a victim of circumstances. My portfolio suffered a big hit, holding it further won’t be any good. I've heard of people netting hundreds of thousands this red season. How can I ensure this?
I agree with you. I overheard someone talking about how a couple made $200k during this red season but it’s risky except you’re being guided by a pro.
True, the idea of a portfolio-coach used to sound generic, but a new study by investopedia actually found that demand for portfolio-coaches sky-rocketed by over 41.8% since the pandemic and based on firsthand encounters, I can say for certain their skillsets are topnotch, I've raised over $700k from an initially stagnant reserve of $150K all within 14months.
@@ThomasHeintz I need guidance so i can salvage my portfolio due to the massive dips and come up with better strategies. How can i reach this advsor?
@@DarleneMurphy774 The advisor I use is actually quite known, you might have heard of her, Laura Marie Ray, she's been featured on several platforms including CNBC and Bloomberg, you can search her name.
@@ThomasHeintz I just looked up Laura Marie Ray online and researched her accreditation. She seem very proficient, I wrote her detailing my Fin-market goals.
With inflation in the United States still excessive, most Federal Reserve officials expect to raise interest rates further this year, Chairman Jerome Powell has told a House of Representatives committee.
I have experienced significant losses, and I am holding on with the hope of recovering them. It is evident that I am in dire need of assistance. Could you please share the name of the investment adviser who guides you?
Insightful... I was curious after reading what you shared, so I Googled her name. I came across her webpage.
19% inflation at food prices it is ridiculous
I guess that's what happens when you let Energy companies get away with robbing the sh*t out of producers and consumers
Its brexit
@@Zaarin2007 May I correct your spelling?
It's Brexshit.
40%
this is the first time ive really noticed inflation, expecially food costs. £4 for a small bottle of Heinz salad cream! 😮😮😂
Considering the prevailing inflationary conditions, it appears improbable that the stock and housing market will register substantial gains in the immediate future. Therefore, it is advisable to temper one's expectations and acknowledge the potential length of the market's recovery period. It is my professional opinion that it would be prudent to defer any significant investment decisions until the economic environment stabilizes in areas of concern. Until then, exercising caution and refraining from engaging with the current turbulence would be the most judicious course of action.
Focus on two key objectives. First, stay protected by learning when to buy and sell stocks to cut losses and capture profits. Second, prepare to profit when the market turns around.
A steadfast commitment to reputable companies requires either holding steady during market downturns or increasing investments during such times. This strategy is based on the fundamental belief that well-managed enterprises will eventually rebound with renewed strength. On the other hand, investors seeking long-term profits through stock appreciation should seek guidance from a FA to identify opportune entry and exit points. My own experience during the pandemic highlights the value of working with an investment advisor, which resulted in a significant gain of $630k in just 8 months.
@@DavidRiggs-dc7jk Please can you leave the info of your investment advisor here? I’m in dire need for one.
@@DavidRiggs-dc7jk thank you for this tip , I must say Christine , appears to be quite knowledgeable. After coming across her online page, I thoroughly went through her resume, and I must say, it was quite impressive. I reached out to her, and I have booked a session with her.
Hey! Can someone help me here? Is it a good time for international students to enter the UK? I've been putting this on hold for the past 2 years. I'd hopefully like to work in the UK also, but the economic state frightens me!
A number of the most eminent market experts have been expressing their views on the severity of the impending economic downturn and the extent to which equities might plummet. This is because the economy is heading towards a recession and inflation is persistently above the Federal Reserve's 2% target. As I'm aiming to create a portfolio worth no less than $850,000 before I turn 65, I would appreciate any advice on potential investments.
There are many other interesting stocks in many industries that you might follow. You don't have to act on every forecast, so I'll suggest that you work with a financial advisor who can help you choose the best times to purchase and sell the shares or ETFs you want to acquire.
I've been in touch with a financial advisor ever since I started my business. Knowing today's culture The challenge is knowing when to purchase or sell when investing in trending stocks, which is pretty simple. On my portfolio, which has grown over $900k in a little over a year, my adviser chooses entry and exit orders.
@@georgebarret That's impressive, my portfolio have been tanking all year, tried learning new strategies to gain in the current market but all of that flew right over head, please would you mind recommending the invt-adviser you're using?
I thoroughly recommend Julie Anne Hoover, an investment advisor who is subject to US SEC regulation. She has assisted me with my portfolio for many years. Look her up online; she's a well-known figure.
@@georgebarret She appears to be well-educated and well-read. I ran a Google search on her name and came across her website; thank you for sharing.
“I hope I live to see the day when it goes down again”. Damn that hit hard right in the feels.
This is project fear
Inflation going down isn the same as prices going down. Inflation is just a measure of the rate that prices are increasing. For prices to come down there would have to be inflation in negative numbers.
It's all rigged
Me too. I’m a middlingly wealthy man, by any reasonable measure, and even I can see quite plainly that we’re NOT, “all in this together.” Doubling food prices is an annoyance to people like me, sometimes it’s quite frankly frustrating. But, I’ve just recently witnessed a friend burst into tears because I paid for a her shopping when we met in the supermarket, because she couldn’t face the, “shame,” of going to a food bank, but knew she would do it, for her kids. I’m getting that in the, “feels,” alright. This government is just too far gone. Degenerate and unfit. Why can’t we force an election? Something has to give?
@@frixosfriedman7813 : Well, this is why it’s so complex and tricky, but they always pull the same levers. Raising interest rates will raise rents and house prices. Especially since the, “government,” has just confessed that it’s not even going to try to build the 30,000 new houses they planned; mostly because of NIMBYism. I own several properties, but live in Scotland where the, “Rent Freeze,” is still in effect and I’m glad of it! The bottom line is NEVER fall for the LIE that, “there is no money,” or the question, “So, where will the money come from?” Because the answer is obvious to anyone who isn’t a Westminster Lobbyist (which includes roughly half of the property owning Mp’s): We’ll take it from all those fat cat subsidies, the energy and transport companies (who offered to pay a windfall tax, btw!) and the banks that were lyingly purported to be, “too big to fail.” And that’s just for starters. The money is there. It’s just in the wrong hands.
Companies across all sectors, food, energy, and services, report record profits, yet wages remain stagnant. It's easy to work this one out. Yes, rampant profiteering is to blame. European countries are doing better because they regulate their businesses and protect workers' rights.
Just comparing the energy price rise between us and France shows how f*cked it is. We could've kept our prices that low if the government acted, but tories gonna be tories and make everyone who isn't disgustingly rich suffer just so the disgustingly rich section of society can make even more money.
It’s costing more to produce the product an example fertiliser’s costing over £1000 per ton two yrs ago it was £600 thus pushing up bread,cheese,butter and butter spreads,milk and other dairy products. Also the cost of bringing product into the uk due to Brexit.
Spot on Paul, we are being ripped off as usual
Well then, we’re are the increased profits coming from? No one’s claiming that the costs of raw materials and transport hasn’t gone up. But if that was all the profits would be the same as before if not squeezed. They’re not, profits are going up at the same time as workers are being told there’s no money to give them an inflation matching pay rise. There is enough money to give shareholders inflation busting dividends though
The private sector got an average wage increase of 6%.
Not all your costs went up by 10%.
The financial system has been artificially pumped for over a decade to ensure big pockets were lined; and now those same hands will make a fortune in the largest transfer of wealth in human history by shorting it on the way down. Inflation does have a roll, but that's to keep everyone panicked, and focused on their bills and expenses, rather than focus on the capital crimes of politicians and corporations,I'm still at a crossroads deciding if to liquidate my $338k stock portfolio, what’s the best way to take advantage of this bear market??
Find stocks with yields that exceed the market and stocks that, at the very least, follow the long-term market trend. However, you should get guidance from a financial advisor if you want to create a successful long-term plan...
I agree, I've been in constant touch with an Investment advisor for approximately 17 months. These days, it's really easy to buy into trending stocks, but the task is determining when to sell or hold. That's where my advisor comes in, to help me with entry and exit points , I've accrued over $337k from an initially stagnant reserve of $148K all within 18 months.
@@Alejandracamacho357 I need a guide so i can salvage my port-folio due to the massive dips and come up with better strategies. How can one reach this advisor??
@@Natalieneptune469 Having an advisor is essential for portfolio diversification. My advisor is DEBORAH SUE BOHN who is easily searchable and has extensive knowledge of the financial markets...
@@Alejandracamacho357 Thank you for this amazing tip. I just looked the name up, wrote her and scheduled a call...
What has always scared me the most about the inflation is that we might go into a very bad recession, and that would greatly affect the market. I have been able to accrue up to $293k, and I'm worried about a possible wipe-out from the inflation. I read of someone who's been making more than $23k every month despite this recession. Can I pull that off as a novice?
Investing in the market, even if it's just the S&P 500, can keep up with inflation, because the growth rate of stocks will always exceed the inflation rate. But if you don't have the courage, you could just invest with a financial advisor, which even has greater return on investments, while securing your investment against losses.
For real, people underestimate how much they can rake in from the stock market. Started with $127k just before the pandemic hit. Many people's portfolios tanked, but I rode through with my financial advisor, and even made more than $86k within just five months of starting, and it's been an awesome ride since then.
@@ericmendels Do you happen to know any advisor, please? I need someone who has a reliable track record, because I want to transfer my existing portfolio and start one for my wife.
I don't really love making recommendations such as this, but I know SHARON LOUISE COUNT does that as part of her services. She's a fellow financial advisor, but I work with hedge funds, not individuals.
@@ericmendels Thanks a lot! Definitely gonna check her out. I have an existing portfolio. Do you think she could help me manage that? I've been in the red for a while now.
Wow the uk finally is the highest at something
Which country has the hightest inflation?
😂😂😂😂😂
World beating 👊
Highest pound value
Inflation in Venezuela is 1200%/Sudan 300%/Argentina 50%/ Turkey 35%
Doesn't matter. The rich are getting richer, that's all that matters in the UK.
Well the government is only for the rich boarding school graduate tax avoidance wife it disgusting
They should put them in court for high treason but instead they give them lord seats in the parliament
Yet people who claim benefits and use food banks are the problem, 😂
Aslong as I live I will never work in the UK because if your working class your just a slave to the scum in parliament, and I damn sure won't respect a government that doesn't respect it's people 💯
Hang Indian pm
you want capitalism, you get capitalism
Being alive is expensive. I’m not even having a good time.
It's the mark of us British even when things are not going our way, we stubbornly presume that things are looking good, even when people are paying more than what they are used to.
This blindness is much more alarming than anything they will offer.
and people will STILL vote for conservatives despite every single thing in the country taking a nose dive since they came to power
Because it’s the superiority complex. Brits can never admit that UK is turning into a 💩 hole
damm right, and guess what, the g0vt and wealthy feudal class know it too, hence they will never stop sucking the lives out of the ordinary british plebs still worshipping a german royal family LOL
Bread doubling in price is borderline theft considering traditional bread is made with just 3 very common ingredients...
And how do you think the bread magically appears in the shop?
@drunkensailor112 manufacturing, packaging and transporting hundreds of loaves of bread at a time doesn't cost that much. Certainly not enough to justify doubling it's retail price.
It costs pennies to make, and if calculated per loaf, it also costs pennies to package and transport. Also most supermarkets have their own bakeries yet bread from there is even more expensive for no reason.
@@bluegoose7832 But those steps, especially logistics, are completely irrelevant to what you're transporting. Bread. Fruits. Tables. Logistics costs have gone up, a slowing global economy makes freight stupid expensive.
Aldi price for 800g Warburtons loaf is £1.40. Last summer it was about £1.30. I'm wondering where these inflation numbers are coming from.
Because workers wages have gone up. Supply side production has to increase to keep food prices down.
We are all being ripped off
No your being trodden back into the mud. Eugenics and eugenicists.
Don't care
Nope. The U.K. voted for it.
@@sandygrowler7384 How? Literally how? How did the UK vote for energy companies to take the p*ss with prices?
@@ecaeas4439 we voted tory over and over, Boris made people stiff..
According to certain economists, it's possible that the U.S., UK and certain parts of Europe might experience a recession at some point in 2023. Although a global recession, which is characterized by a decline in annual global per capita income, is relatively uncommon due to the faster growth rates of emerging markets like China, in comparison to developed economies. I have pulled out more than $340k from my bank. After all, the FDIC covers only up to $250,000, and the implosion could have bad effect. Looking to invest into the stock market now. Does anyone know how I could go about it?
Collapse is generous 1st time in our history with a full generation that wasn't taught financial literacy, civics, Google fixes their problems if their parents don't do it for them. Reckoning for participation trophies is incoming.
Ironically, these are the conditions in which life-changing money is made by those who remain calm, patient, and take controlled risks. Volatility goes both ways. The banks are in a big crisis. The market looks very shaky. The bigger the red candles, the bigger the green ones. I have made over $280k in the last 4 months by investing through my FA.
How can I reach this adviser of yours? because I'm seeking for a more effective investment approach on my savings
I personally work with 'Deborah Sue Bohn ''' she covers things like investing, insurance, making sure retirement is well funded, going over tax benefits, ways to have a volatility buffer for investment risk. many things like that. Just take a look at her full name on the internet. She is well known so it shouldn't be hard to find her.
Thank you for this tip. it was easy to find your coach. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her resume.
unless corporations are losing money to this (does not seem like it) then this is, indeed, price gauging
they are just keeping up with inflation, if they lost money they would go bankrupt. so of course to stay alive they have to raise prices like everybody else
A deflationary period would be nice
UK inflation rate: 10.1%
Eurozone Inflation rate: 6.9%
US Inflation rate: 5%
Canada Inflation rate: 4.3%
Russia Inflation rate: 3.5%
Source: Trading Economics and ONS
@@Derek-Trotter 6.9% facts don't change
Rusia IS 35% at least
Zimbabwe 204.6%
🇻🇪 Venezuela 195.0%
🇸🇩 Sudan 76.9%
🇦🇷 Argentina 76.1%
🇹🇷 Turkiye 51.2%
🇮🇷 Islamic Republic of Iran 40.0%
🇱🇰 Sri Lanka 29.5%
🇪🇹 Ethiopia 28.6%
🇸🇷 Suriname 27.2%
🇸🇱 Sierra Leone 26.8%
You think we got it bad.
@@kayoss11 you compare UK with third world countries ?
@@joaquindiaz4730 So.
The UK is truly doomed..
I don't know how we will get out of this, prices will never come down, they will only slow..
We are in some SERIOUS trouble...
Tax the energy companies would be a start. Re-nationalising would be a huge step in fixing it as well.
@@ecaeas4439 if u do that they will increase gas prices further. They can be encouraged to invest in green hydrogen production in 50-50 partnership with uk govt. Job potential is big
@@ecaeas4439 People could end up footing some serious bill with nationalized companies. It just doesnt get paid through bills per se but via higher overal taxation. And where the UK stands now, it will cost even more in the short term before it might help eventually (and even thats a big "if").
@Kaizen917 Not true. For one, the UK has the option of conducting a wealth tax to raise billions which could support re-nationalisation. A wealth tax could take many forms, but there are many proposals for closing tax loopholes or matching the rates of higher individual taxes paid in other countries (for example capital gains tax) which have already been explored and have real potential to raise billions of annual revenue (not just one off amounts).
Besides that, it's worth looking at the fact that since 2010, energy companies have paid out £200 billion in dividends to their shareholders. That's literally money from businesses and people in the UK which isn't going into maintaining / upgrading the grid or building new power generators. Consider from that perspective that money is unnecessarily being drained out of the economy on utilities, and it isn't actually providing any purported benefit of a privatised model, such as higher capital investment. For God's sake... I mean we had to literally bring in EDF to build this country a new nuclear power plant and besides already profiteering from British households & businesses to allow them to keep the costs of French energy low (much like the rail situation), we're still paying for it via taxpayer money. The energy companies only invest 5% of the money they make into investment, which goes some way in explaining why almost every other country with a nationalised energy provider has more investment in energy infrastructure than we do.
@@ecaeas4439 "Since 2010 energy companies have paid out dividends to shareholders"
In 2010, as we all know, the Tories took the seats.
In reflection to what you said about taxing wealth. It would fundamentally be a great way of sorting things out, but let's be real here. That's not going to happen whilst the Tories are at the helm. I think it's fair to say that Rishi and his mates are making a small fortune from this too..
It's a shame all these so called "experts" don't ever mention "profiteering"
Because they are in same train
because there is no profiteering dumbo, everybody loses in inflation except people with massive debts like government
Who voted Sunak as a PM... I think our problem is simply we selected wrong PM
Go on. File your nomination.
In my country the Central Bank increases the OPR to curb the inflation. This resulting in higher loan default rate.
I moved to the UK for family reasons. As a young person, this is disheartening, knowing that I've made long term life decisions to be in a country spirling out of control (in more ways this one). Makes me think that I've traded being here for a lower quality of life than I otherwise could have had.
get out as soon as you can
Fr. I’m born and raised English and I am OUT OF HERE as soon as I can with my girlfriend
@@YOPGaming Where were you planning to go with lower inflation?
@@kynchan3332 I went to Spain and shopping was far cheaper there. Maybe Spain, maybe france, maybe not even Europe tbh
@@YOPGaming Sounds good to try. There doesn't seem to be much here for young people except paying off debts they didn't create. If I was young I'd definitely be going.
Correct me if I'm wrong but weren't we meant to be financially better off now that we are no longer part of the EU? 😕
But 12 EU countries have worse inflation than UK. In Hungary it is double rate in UK. This is a big problem especially in new central european countries.
Inflation is not prices, Estonia's inflation was the highest last summer at 25 percent now down to 15 percent, and prices have slowly followed. In the UK the prices haven't come down with inflation.
First those countries spend more in necessities than the uk, second the inflation in other countries is decreasing meaning the prices stay high but dont increase more,in the UK inflation is rising meaning you guys gone see even more price increases.
Has UK fallen that much to compare itself with Estonia and similar countries? Historically we were comparing ourselves with Germany and France.
@@hamzabayram3501 partially yes, but it's also worth noting a lot of east European countries have been experiencing over 20 years of high growth rates, so it's just as much to do with them improving as it is the UK declining.
Fun fact : The pound in 2015 : 1.42 Euro Now: 1.14 Euro
They shud try to control the pounds value artificially then. Limiting its speculation in open market every morning and trading with nations in pound instead of Euro or dollar.
@@abhi739 The Chinese method then?…
@@Steven-vo4ee yes it works
@@abhi739 All you would do is cripple trade. China can do this to some level bc they are such a large trading force with things people need, and a large enough market to buy into. The UK doing this would just push companies to switch to the equivalent EU business doing a similar thing. The way MOST countries control their currency is through increasing exports, and raising interest rates. So right now the UK is raising rates, but bc the US is stronger economically it means they are able to raise rates faster which suppresses UK competitiveness
@@justinbarker4813 increasing exports is much easier in a single market. Oh, wait. Nevermind.
It is largely profiteering by the supermarket stores. I was talking to a worker In Tesco the other morning about the price rises in the store, she expressly told me that there was no supply problem at all & they were repricing 100 items a day in the store.
Inflation is essentially yet another tax.
High prices are always here to stay. Businesses are always increasing prices complaining of supply costs,I've never seen any of them drop them once those costs reduce
Very true! Governments all over the world are applying outdated financial tools! If we see 10 years from now the product will be 5 to 7 times higher. Products are not deflating with rise in interest rates !!
but fish, passports, a nice plate of sovereignty........just believe, click your heels together close your eyes and you'll almost believe you're on the sunny uplands riding a unicorn.
The difference in inflation rate compared to other countries in Europe is striking .. We are getting poorer at an insane rate..
Sorry, but YOU voted for that brexit you love
@@guff9567 But there are many countries in the EU with much higher inflation rate than the UK ! Hungary 26%, Latavia 21%, Estonia 18%, Poland 15.9% and so on ! So how does that work out then when they are IN the EU !
27 countries in the Eu…Come on….We messed up…
@@michaellabram5980 It's not a case of messed up, it's a case of reality, compared to the EU countries as a whole, the UK is smack in the middle....Germany being very similar to the UK..... FACT..going to blame brexit for Germany's inflation as well 🤡
@@Colin623 Well. UK has 40%
Prices are not going to go down, they will just eventually settle at 2-4% per year
UK rest in peace ✌️🕊️
The IMF says the UK is on the right track. ...... Be worried , be very worried. 😂
IMF is working in cohort with USA, his big brother to please his little brother, UK 😅😅😅
Yeah, they decided that over a very nice meal of caviar, lobster and steak. The wine was exquisite.
This is very depressing to hear. The IMF is the last organisation you would want to curry support from.
They knew what they were voting for, SOVEREIGNTY!!!!!
Let us feed our kids SOVEREIGNTY and heat our houses with SOVEREIGNTY....
not really
Zzzzzz...😴😴😴
@@stayhappybetrue Isn't brexit just wonderful! 🥴
i dont think we have that being run by globalists and international banking cartels
I don’t mind paying £30 for bread but at least raise the hour rate to £80
Still plenty of people driving to mcdonalds, having nails done etc. The biggest problem most people have is lack of financial control and knowing how to budget
Let's just face it. No matter what may be the cause of the cost rises, the Tory policy is 'As long as the rich stay rich,'.
Wonder if those Labour voters are going to keep the tories in No10 at the next G/E ? 🤣
It's not just the tories. Whoever runs our country shaft us one way or another. Give the power back to the royals and let's see if they can do any better.
Still better than labour policy "rather the poor were poorer as long as the rich were less rich"
the cause for inflation is and has been always been the government, private companies can not create money therefor they can not create inflation
The rich wont be safe if the poorer get poorer...
"It's got nothing to do with Brexit" chant the cultists.
@@ChristianPatriarchy Seek help.
You big fool
Have they stopped printing empty money? This would help definitely!
Our government is the reason this country is failing to its knees, this administration putting so many families into difficult situations! I appreciate your advices Sarai! Imagine investing $1000 and receiving $10,350 in 48 hours.
Surprised to see someone else trading with Ms. Sarai Coronado , I am currently on my fifth trade with her and my portfolio has grown tremendously. Their weekly signals are highly profitable.
This is not the first time I have heard about Ms. Sarai Coronado and her exploits in the business world, but I have no idea how to contact her.
SHE'S ALWAYS ACTIVE ON
TELEGRAM'S APP WITH THE NAME BELOW.
*@Ms_Sarai*
Glad to see Ms. Sarai mentioned here, my husband recommended her to me when I was in Spain during covid, she is amazing
Brexit Broke Britain
Of course.
Funny how 'inflation' just serves as a comfortable euphemism for price gouging.
Thank you!why is no one saying this
Very true or 'greedflation'
@Miguel Arnedo It's price gouging on an epic level!!! Not to mention the wealth transfer from our country, which is nothing short of criminal!!!
yep...funny how it hits the basics like food, petrol, heating the most....having said that, I'm not sure what the inflation is on new heated swimming pools. Maybe Rishi can enlighten us. I feel his pain 😆
Look at Tesco and their "Clubcard prices", blatant rip off. One of the problems is the lack of real competition
The UK is just awful nowadays, the food prices, the housing crisis, the increase in crime, the increasing cost of driving, increase in rent, increase in bills, and general awful government methods.
Kitty Usher: Balliol College, _University of Oxford_
Stephanie Flanders: Balliol College _University of Oxford_
Cathy Newman: Lady Margaret Hall _University Of Oxford_
🙃
We need to cut wages for nurses again, that should fix it 😂😂😂
Yes
While at it other public sector pension as well
Can't even afford to stay in a Hotel anymore.....oh wait 🤔.
Nurses want 10 percent. Then other people want the same. Some consider themselves worth more and demand more. Prices go up as costs increase. Meaning those raised are then worthless and the inflation spiral goes round again
I would love for a member of your family to be placed in critical care so you can see how tragically understaffed the NHS is due to low wages. You might be lucky enough to get an exhausted nurse whose been working 18+ hour shifts! ☺️ but I’m sure you’ll complain even more when the NHS gets privatized and we’re paying US prices for healthcare. Can you afford 1k for an ambulance? 🤔
What a surprise after removing free trade after Brexit. Who would have thought prices would go up and there would be import issues? 😮😂
Zzzzzz....😴😴😴
We have free trade with the EU
@@leethrelfalllt Pathetic post.
@@LZE. Do we have frictionless trade with the EU ?
@@LZE. It’s minimally “free”, quotas and tariffs still apply in certain circumstances, also and far more importantly there new enormous non-tariff barriers, customs red tape, the loss of frictionless trade and just-in-time supply chains.
Not everyone is feeling the pinch.
The people on the lowest income are spending more of their income which hasn't gone up that much in years on just day to day living expenses.
When your rich and have assets that generate you money your not thinking about living expenses that's the difference your free.
talking about how good the UK economy is doing, sitting in Ireland
The companies are inflating prices of items that have gone down for the past 12 months I was watching something about it yesterday, it's unusual all supermarkets are doing the same if they discussed this between themselves that would be illegal. The government should step in.
they have done it before fixing milk prices to their advantage
The supermarket buys from middlemen that control the market
The middlemen walk out with their pockets full while farmers are forced to sell for cheap and consumers buying for more.
All these wage increases aren’t helping
unfortunately inflation prices are sicky meaning they stay the same,even if inflation lowers the prices will stay the same.
What has the government done , nothing they are the once’s responsible for this
Money's for war but not the poor..
The UK always has struggled with food prices the most.. might have to do with the weather and the island position..
The foods I buy have gone up more than 50%. I don't understand how they get their figures.
I'd love to know the salaries of all these people being interviewed.. I bet they're "really" in touch with reality.. You can guarantee that Rishi and his mates are making a fair Bob or two out of our slave to the wage jobs..
You're not a slave to a wage. You are a slave to nature. The food doesn't magic itself up.
Rishi made his billions from having his company in cayman islands and investment in Moderna vaccines before it was announced it was working causing the share price to sky rocket....deep corruption 100%
What about really removing/taxing the windfall profit that the energy companies are raking?
The energy inflation is a supply problem. You will not eliminate a supply problem by disincentivising companies to operate in the UK
@@whataquirkyguy Except it's not. The supply is fine, you're not being "outbidded". You just don't tax energy companies operating in the UK properly.
@@whataquirkyguy Then nationalise them.
think of the poor shareholders. they need their dividend cheque
A lot of the "inflation" is coming from corporate price gouging.
High prices are not here to stay, they’re here to go higher
I work in a IT support role where I have to remember 100 different things. I get paid 22k and in the US it's treble. 😂
How is it possible to live with 22K...i do not understand that
@@sebastijanp3 a drag...
That economist desperate to avoid saying brexit has anything to do with us being the outlier in the g7
Thats the problem. None of these experts ever want to blame brexit.
@@paperplane-ol2iz Sactions on Russia should be lifted or at least eased, aid to Ukraine reduced, the signing of agreements like *CANZUK* and a rebalancing of the British public finances could help a little...
I'm not British, I just gave my opinion on a possible solution to the UK🇬🇧crisis :D
Greetings from Brazil🇧🇷✌
reporter: ' is it Brexit's fault?'
Expert: 'not at all, we are doing much better than expected'
....goes on to explain why not being in the EU is harming us 🙄
That's exactly why I didn't vote to leave; as it had never been done before, and no one truly knew exactly what was going to happen, it sounded so risky it felt much wise playing safe and staying true to the course. Now look at the mess we're in. The drive for Brexit was racism, which, like all other discrimination, is stupid. Nothing good has ever come of it, and now we're all paying for half the nation's stupidity.
@Seven Ellen staying true to what cause ?
@Barry Stubbs Staying true to not getting stung in the backside, all the lies the government fooled the public with about brexit, all aload of BS, oh we pay 100 million to EU every week, too many foreigners, reduce immigration...
The dumb public voted out saying oh yeah, why give all that money to them when it's better in our pockets, we don't want EU laws as there immigration policy is endless and pathetic...
Wheres that 100 million that we were going be better off by, why hasnt immigration reduced????
In fact immigration numbers have increased last year and going up this year, so yes they fooled the public and if brexit was so viable other countries would be following??
But we played the fools and now we are suffering, and of course this shitty government isn't going blame brexit now are they, worst decision we ever made in my history....
Actually inflation is down to government spending, not "brexit"
@@MyName-cw4yr err... No it's not...
We have the same core problems as other G7 nations (energy prices and food prices due to the Ukraine war, etc...) But the difference is in the supply chain, which has been disrupted thanks to Brexit (the EU is not exporting as much to the UK as when we were in the EU, and red tape has also pushed the prices up and delayed deliveries). On top of that we have labour shortages, which means it also disrupted our own internal chain of supply. And if we can't resolve the labour shortages, it might push wages up, which will fuel the inflation further....
Inflation was also due to the removal of the energy price cap last April which pushed energy prices up more than in other countries... However, since the inflation is calculated year on year, it should mean that it will come down this April.
Don't forget, people on the TV are more PR types than economists. When Stephanie Flanders lists all the problems directly linked to Brexit (over-employment, wage rises due to labour shortages, food price increases(due to Brexit related tarriffs and import issues)), and previously linked to COVID and then said its only 'a bit Brexit'. LOL. Energy prices - wholesale prices have fallen down to where they were. Has your energy bill fallen yet? Probably not. PS: Centrica tripled its profits last year to 3.3bn.
In the brexit referendum the brexit liars were saying that, when the UK leave the EU then UK farmers will get their farming subsidy from the UK government instead of the EU.
Well that didn't happen. What actually happened is that when the EU subsidy ended, the farmers just got forgotten about.
So what a surprise farmers subsidies came to an end and the price of food goes up.
Wholesale oil prices today are about the same as September 21, we were paying 137 per litre then. Locally Diesel averages about 167 a litre, the UK's core inflation is about the same as the EU but we are getting ripped off by supermarkets and energy suppliers.
Bad Government
And of course it's all Ukraine & Brexit lol! And the fact other countries own most of our companies or Energy suppliers or have a stake in them. I believe even British Gas/Centrica one of the majority shareholders is overseas investors
A lot of our train companies are overseas owned aswell, we are probably subsidising trains for those countries through higher prices here in UK
Dude don't blame supermarkets you kicked out all the supermarket staffs back in 2016 and kicked out all the farmers and that's why food is disappearing. So why not get off benefits and start working then maybe the production of bread milk and butter go back up. You kicked out all the factory workers and lorry drivers and all these skilled workers
The government let them rip us off and then give them tax breaks. #nevertrustatory
Say it 3 times to stress the point.................................BREXIT BREXIT BREXIT = Johnson = Tories
Zzzzzzz....😴😴😴
@@leethrelfalllt But true though.
Wishing something to be true, doesn't make it so.
@@LZE. Even though it is !!
@@leethrelfalllt Pathetic post.
This is what happens when sending a vast amount of money to other countries and not helping ourselves out first
The problem is in the monetary policy of zero interest rate since 2008 plus bailing out to big to fail banks and giving them the power to I flate the money supply.
A yes… the right track… feels like it.
Europe seems to be having a greater time though… thank god for brexit… not being able to enjoy a solid trading block. 🙃🙃🙃🙃
Shame that whole usa deal fell apart on boris/trump huh. Eugenics 🤑
If you'd listened then you'd know the issue is partly due to the economy doing better than expected and hasn't slowed down as much as it needs to for inflation to go down. We don't want a booming economy right now
we don't need uk in eu, better take ukraine, moldova, georgia, serbia, albania, montenegro to eu
@@Josh95x I don't think there is much chance of a booming economy.
Indeed... inflation is still above 10% here, while similar economies are going down rapidly. France's is virtually half ours (5.7%) and Germany down to 7.4%.The US down to 4.9% (from 6.04% last month)..and yet, these moronic politicians will insist that Brexit is going swimmingly until they are as blue in the face as their newly, printed in Poland (😂...oh the irony!), British passports. But hey ho, as long as the Daily Mail has a disrupted snooker match to report about, who are we to point out the obvious problems...?
funnily enough I've just come back from France to visit family. They have no shortages in supermarkets, and they were quite shocked when I told them that we do over here (and no, they have not heard of any 'weather phenomenon' disrupting the supply chain...funny that)
It’s greedflation - why can’t economists admit that?! They are awash with their own professional biases
I expect to see lower food prices with time in the continent. In the U.K I don't think so. Fruit exporters in Spain are focusing on inner market such as Poland. They are changing the focus from Britain to other countries in the EU.
Energy price will NOT come down as long as there is profit to be made.
Taking money away from people can also feed inflation. Look at energy prices. The less energy people use, the more the energy companies increase the standing charges to compensate for people using less.
Raising interest rates is designed to reduce the supply of money as a way to cut inflation, but the problem now is people barely have even enough as it is. Mortgages and rent going up will leave people homeless, or leave the government with a problem to subsidise or prop it all up in some way. Can’t see any sense in just mindlessly raising rates, they don’t think if the tool they’re using is right
Problem is reserve banks have an obligation to manage inflation, and the only tool they have is interest rates. Governments can do a heck of a lot more than that - like taxing massive profits (and CEO and executive bonuses and salaries) and then using that money to provide essential services. They could also take utilities into public ownership and run them for the common good, rather than private profits of billionaires.
I would prefer they cut rates to help home owners and renters - even if it reduces the value of the pound and increases inflation even more
We need looser monetary combined with targeted tightening of fiscal policy controls. There's huge amount of money been creamed off the top by some but were supposed to pretend like were all in the same boat. Additionally, what is the Treasury doing about the tens of billions that it handed out to fraudulent claimants? Sod all.
It also reduces the supply of money to farmers. Food inflation is 18%.
Agreed, Interest rates would normally slow down the creation of new money (new Dept). That only works if the pound is isolated, it is not. Some of the inflation is home grown and interest rates would help with that but much of the inflation is imported - High Energy costs and Brexit Extra burden. So interest rate increasing will only push up inflation more, that's what we are seeming. The real reason the interest rates are going up is to stop more imported inflation by holding up the pound. So it kind of cancelled out any help cause mortgages and rents are going up. All because of awful bad government our crazy energy policy in the last 20 years. Should have invested much more in renewable and energy storage. We need a new Government.
THE HYPOCRISY of the people in power with thousands of pounds in the bank.
TELLING the average person on the average wage to cut back and tighten there belts 😮😂😂😂
In 2004 when I came to the UK the pound to Philippines peso exchange rate was 1 pound = 108 Philippine peso. Today 1 pound = 67 Philippine peso.
I just hope our country wont succumb to hyper inflation like the others
How can you say Brexit is not affecting us but every other EU country is not performing as bad
Because UK CPI is lower than the EU and Euro Area if you exclude energy, and energy has nothing todo with Brexit.
I mean our energy policy is out of situ with the rest of Europe too. Other countries protected their population and businesses from energy price hikes, but the tories just let it happen.
@@ecaeas4439 Indeed.
@@LZE. UK produce 40% of its energy, countries like France imports almost everything to get energy... but sure, nothing to do with Brexit and red tape 🎉
Not every other EU country. 12 countries in EU have worse inflations than UK and some - like Latvia and Hungary it is double. Inflation is huge in the central EU countries and Baltics
Thank you to the 51% that voted to introduce economic sanctions to the country.
France was never more richer than today 🎉 They selling energy to UK, Paris is became the biggest Financial place than London and every european capitales. French workers makes more money than british workers but have lower energy prices ( +11% in France for energy against +175% in UK ) and lower flat rent prices ( 1100€/month in Paris center against 2990€/month for london center )
And all those that support Ukraine and the sanctioning of Russia.
People stupidly vote Conservatives. If Labour were a serious party we wouldn't be in this mess but instead labour want more immigration so I'll never vote for them despite being left wing
THAT my friend is the power of state propaganda.
The plebs bought it and they shall pay the price for believing in g0vt lies.
The feudal class will be unaffected of course.
How many of us actually eat fresh fruit veg yogurts cheese eggs beef chicken regular weekly instead of main food shop pasta bread patotoes cheapest processed food 😢
Went to Asda flipping cheap as chips Asda, to do my weekly food shop. I was blown away with the fact milk and bread was £5
2 essential foods (cravendale- longer shelf life and seeded batch loaf) £2.50 each.
Unfortunately I can’t afford to buy a dairy cow but I started making my own break (new hobby). I’m a house wife and for the first time I have the urge to go back to work. We are just barely surviving with 2 growing children
In addition the pound lost 20% in value against the Euro over the past 8 years.
And what is the real value of the euro. Why has the ecb stopped printing euro bonds. Now it's green euro bonds. How many trillions held by members. Try to sell some. Try to trade some. Can't? ?? They are worthless. Nobody wants them. But they do look good on the books.
Life under the Tory government
Inflation eventually going back down isnt the same as prices going back down. It just means that prices arent going up as much anymore. Will prices go back down to their original levels???
I think no
No !! Products doesn't deflate anymore and the governments all over world are implementing outdated financial tools. Corporate greed sucks 😔
This is entirely due to Brexit. If the UK cannot properly diagnose the issue, it will never be solved. The UK constricted it's labour supply. Of course wages aren't rising because the UK is in stagflation, a outcome that we forecasted as part of the Brexit impacts...
I checked on natural gas prices on the open market a few weeks ago and found that they were slightly cheaper than five years ago. I wonder how the Eton / Oxford set can explain the ridiculously high energy costs in spite of that?
I'm sensing that companies are passing on a 30% increase in corporation tax and the minimal wage has increased by around 10% so that also will also need to be passed on to the consumer.
Then you've got the "lower case 'c'", ever so compassionate, call me, "Dave", Conservatives insisting that everyone on pensions and welfare gets inflation matching increases which has to be paid for by record borrowing. So the Bank of England can't raise interest rates too high as it severely impacts interest on the Conservatives reckless levels of endless debt.
Johnson, Sunak, Hunt and Co are operating straight out of Delboy Trotter's economic playbook.
What about rents? The level of increase, in the double-digits percentage figures, is what's making many people poorer. There is no action from the Government to stop what is a huge profiteering from some wealthy landlords, and what's a necessity for poorer ones who took on a mortgage for their real estate. Things are going crazy, offers without viewings, credit checks performed just to allow people to view a property, let alone to make an offer... This is insane
renting always was an expensive thing., then buying own house.
Let’s not forget the corporations and MPs making alot of 💰 because of this.
Raise those interest rates!
It will get worse because everyone is too scared to do anything about it
Ask the people complaining about prices how they vote. If it was Tory and Brexit then, you're getting what you voted for.
Brexit totally worked out for you blokes!
Did you even watch the video? She repeatedly said that it was not Brexit.
@@LZE. And you believed it.
@@LZE. Learn to think critically.
Really sad to see UK like this, used to be the richest Country in the world
now we have the richest Mps in the world
This is probably the dividends of Brexit that keep on paying us
One of the biggest reasons is due to profiteering from companies just look at the increased revenues, profits and dividends
Exactly!
"The British economy doesn't behave as badly as expected." Well of course, the economy went down so much that it would bot be possible to go down even more than it was. So the only thing it could do is bounced.
This is a disgrace, and it wasn't even brought up at prime minister's question time! The government has let this get out of control and has its head in the sand. They should be held held to account and made to do their jobs instead of lining their pockets.
Please don't get sucked in by "economists" paid by interest groups and banks. This one works for the Institute of Directors who have a vested interest in supressing wages. Inflation does not follow wage growth, inflation follows bad economic decision making by ruling politicians and wage suppression. In the 70s they blamed wage growth for inflation instead of the costs of the Cold War, the Vietnam War and the oil crisis to instal a government of wage suppression and high unemployment. We are seeing the same again, deliberate destruction of the economy so companies can suppress wages to increasing levels of slave labour, and again despite this for 13 years just like in the 80s we have the worst figures, simultaneously, on both growth and inflation in the developed world. STOP LISTENING TO MISINFORMATION. In the words of a physicist: "You can have the best, the most elegant, the most complete theory ever thought of but then we test it against the real World, if a single part contradicts what we see in the real World we dismiss it and throw it into the bin". How many times have we been told that the opposite of what we see in the real World is what we need to do by paid economists of special interest groups and the reich wing?
@Darth Wiizius Well said I could not agree more. The result is always the same, it's the publics fault, I am sick and tired of hearing it, the same old thing for decades. You cannot alter the fact that governments set agendas and run the economy, the fault always lies with them, no matter how it is spun. Like they say if voting actually changed anything they would ban it.
Prices will never go back down. Wages will never match inflation
That tells you where the inflation is coming from. The same here.
Good thing brexit took back control. I was getting worried for a minute
😂
The UK economy, unlike other G7 countries and EU members, is dealing with the unique problems caused by Brexit. Who would have thought that cutting yourself off from your nearest and most important trading partner would cause problems? Only everyone who voted Remain!
And yet France is the place with high unemployment, even more government debts and people rioting on the streets.
Here, we just stopped eating racks of ribs and bought more chicken.
It's the greedy fat cats that are robbing us, nothing more than a wealth grab 👹
@@PGHEngineer France is richer than UK since 2021. France have also a better HDI life quality ranked than UK, they have also only +5% higher prices cost for 2023 and only 11% for energy when UK have 11% and 175% for energy. France have 7% of unemployement because French have better works and are much more paid with 2600€/citizens when its 2450€/citizens in UK but everything is cheaper in France and Germany for Flats/Houses pricing for exemple : 1100€/month for a 2 rooms in center of Paris on a luxury Town ( same for Berlin ) but for 1100€/month in London you have a room in a stranger family on a poverty Town far of London center.
@@PGHEngineer In France they protest for not having the same bad life of British and became poverty like british. In UK you cant eating everyday because of lower salary paid ( -2% than French ) and higher prices of flats/houses ( +22% than France and Germany ) and food pricing +27% than France
@@PGHEngineer Fun fact : Paris is became the biggest Financial place than UK and Europe since 2022. Because of every bad English politics and every lower paid working in UK + lower quality working
"Quantitative easing" means effectively printing money and that means stored inflation.
U.K has dealt with inflation magnificently.
This can't be right, JR Smogg promised brexit would cause prices to drop.
He said red tape would be cut too, instead we swapped a molehill of EU red tape for a mountain of Brexit red, white and blue tape....
Shoes for peasants.
@@mwd331suspect Moggie meant pheasant's
They said the jab was save and effective too🤣🤣🤣🤣
@@rutrakainmeiez5107 they are. What relevance does this have to inflation?
This is nonsense. Many items have doubled in price in the last 18 months while value items have all but disappeared. For example, frozen sweet corn and wholewheat fusilli have doubled in price. Average energy bills are now around £2,500 or more up from £800 for the cheapest tariff 18 months ago. The *removal of value items* from supermarkets means *inflation is around 50% to 100%* over a year for the poorest. *We no longer have just fuel poverty, we have extreme fuel poverty.*
Benefits have remained the same at around £3,800 a year with further attacks on benefits from Sunak. Just to cover reasonable living benefit claimants would need a *minimum of £9,000 per year* to cover food, energy, council tax, household goods, clothing and transport. That does not even include rent nor health needs.
These figures do not even include the near doubling of rents in many places and the dramatic rise in homelessness nor does it take into account those who are servicing debt after being on furlough, those with long covid struggling to get PIP, the attacks on the unemployed by the *DWP which has seen sanctions rise at least 50% since pre-covid.*
Channel 4 is reporting these issues in isolation and *failing to perform overall calculations* and failing to hold the government and agencies to account for lack of benefit rises, minimum wage increases and engagement with striking workers.
Furlough scheme worked perfectly then 👏👏