Cost of living crisis: inflation barely drops as Brexit fuels food price rise
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- Опубліковано 23 тра 2023
- Inflation is down by a wafer. It was 8.7 per cent in April. But that's not down as much as expected, stoking fears that the UK has a big problem with rising prices.
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And that means that the Bank of England is likely to continue putting up interest rates in response.
Within the figures, food inflation remains at the highest levels for over four decades at 19.3 percent, which means an even greater squeeze on the budgets of low income families.
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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.
It's a fact that recessions are a natural occurrence in the economic cycle, and the best approach is to ensure you're ready for them and have a proper plan in place. As someone who entered the workforce during a recession (2009), I experienced the direct effects of inflation and discovered the importance of generating increased passive income to counter it.
Experienced long-term investors are aware that the market and economy have a tendency to bounce back over time, and it's wise for investors to be prepared for such a recovery. Speaking from my own experience, I continue to invest heavily in this volatile market and have achieved significant gains - my portfolio is presently up by 60%. For now, I'll keep a watchful eye on the situation and gradually invest in more stocks as opportunities arise.
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.
My CFA ’Melissa Terri Swayne’ , a renowned figure in her line of work. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market.
I appreciate you sharing this. When I looked up the woman you named and read through her credentials, it was obvious that she was a complete professional. I just need her to respond to the message I wrote her.
The system is failing as a result of both government and federal policy. In the next days, the banking crisis would have to be epic and gigantic for the FED to decide not to raise interest rates. This won't happen; an increase and a crash are coming. There will be more negative portfolios this 2nd half of 2024 with markets tumbling, soaring inflation, and banks going out of business. My concern is how can the rapid interest-rate hike be of favor to a value investor, or is it better avoiding stocks for a while?
Just ''buy the dip'' man. In the long term it will payoff. High interest rates usually mean lower stock prices, however investors should be cautious of the bull run, its best you connect with a well-qualified adviser to meet your growth goals and avoid blunder
Very true, you can be passively involved in the markets and still amass wealth-gains using an investment advisor. I first dabbled in stocks late 2019, just before the pandemic, and that same year gained over 150% with no prior investing experience, basically all I was doing was following directions of my advisor. We are working on a retirement ballpark of $3m and I’m certain my goal isn’t farfetched after subsequent investments and tremendous returns so far.
Could you kindly elaborate on the advisor's background and qualifications?
The advisor that guides me is Sonya lee Mitchell, most likely the internet is where to find her basic info, just search her name. She's established.
I looked up her full name online and found her page. I emailed and made an appointment to talk with her; hopefully, she gets back to me.
Inflation is far more harmful to individuals than a collapsing stock or property market because it directly affects people's cost of living, which they immediately feel. It is not surprising that the current market sentiment is extremely pessimistic. In today's economy, assistance is critical if we are to survive.
If you lack market knowledge, your best bet is to seek advice or support from a consultant or investing coach. Contacting a consultant may sound simple, but it's how I've managed to stay afloat in the market and increase my portfolio to roughly 65% since January. It is, in my opinion, the best way to get started in the industry right now.
@@danieljackson87 Where may one locate an experienced FA? I like the notion of employing their services, but it's terrible that recent stock market tragedies have started to happen more frequently.
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.
Umm "Brexit"? No, Germany and the Netherlands and the Irish Republic are also experiencing food price increases. This is greed on the part of supermarket chains and exploitation of farmers.
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?
You can do your research and be on the lookout for an intelligent one with strategies that'll help your port-folio maintain an unwavering and progressive growth. However,Laura Marie Ray is my FA. She has the Flexibility & Expertise to Meet Your Needs. Verify her yourself.
@@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.
One major factor was left out is that we are seeing global inflation. I saw it in the news that most countries are all competing for parts , products food etc. Even nations that managed their rates better are seeing major issues. The glut of money was an issue sure, but the surging demand from nation that re-opened from covid lockdowns played a larger role. Add to this pandemic-related staffing issues and the intentional global oil supply problems and its a nightmare. I known the intention was to explain inflation but that doesn't do justice to the current inflation on a global scale.
People are working so hard and there is little or nothing to show for it. everybody is basically working to sort out one bill or the other no savings.
Inflation is gradually going to become part of us and due to that fact any money you keep in cash or in a low-interest account declines in value each year. Investing is the only way to make your money grow and unless you have an exceptionally high income, investing is the only way most people will ever have enough money to retire..
That’s why I always make it a point to speak with a financial advisor before making any investments. Apparently, I’ve been using one since the pandemic, using profits oriented tactics and minimizing risks as a buffer against inevitable downtrends.
In addition they have valuable access to insider knowledge and analysis, making failure virtually impossible for them. I’ve made over $1.5million passively investing with Catherine Morrison Evans, my advisor for over three years now.
Meanwhile, Boris Johnson has bought a £3.8 million, nine-bedroom mansion with a three-sided moat in Oxfordshire. The former prime minister acquired the grade II listed property without a mortgage. This evening Boris, tirelessly working on behalf of his constituents, is in Las Vegas on a paid for speaking engagement at the Bellagio Hotel and Casino.
Took us for 250k tax paid legal fees to defend his farcical shite
Could only manage a three-sided moat - frightening...
Nine bedroom, is that for ALL of his children to live with him?
@@colleenpeck6347 children??? Try mistress's! Why would he need his children. 😅
mansions don't pay for themselves. viva las vegas!
I’m working for the one of largest food producers in UK, can confirm, the company has double profits, compared to last year.
Which? Since you're anonymous here u can tell.
Trust me, noones is invisible from such admissions, you worry👍
All corporations profits are going up. While the average person struggles. More and more going to the top.
Even the employees don't get a stronger wage with all those profits the companies are making
@@hughw2377 in our company 2 years ago there was secured agreement for 5% rise for the next 3 years, but it’s a joke, considering inflation was 10-20% during same period.
Food prices are never coming down ... when have you ever seen that happen!!!
Wow, an intelligent comment. I'm shocked. That medical fascism was soooo worth it
@glynmellor6161a few oil companies did
@glynmellor6161 I loved the lovkdown we had here in a population of 150000 7 people actually died of covid others just had covid in their system. What a complete farce it all was
@glynmellor6161 Countless small businesses closed
@glynmellor6161 how can he name his local companies that you'd never heard of
Every week I go into the supermarket the price of food is up again its disgusting that people are missing meals just to pay their bills and rent.
It's disgusting and should be criminal. Food should not be for - profit. There is enough food on this planet to feed everyone twice over every day. It's our systems that are broken, both capitalism, socialism and gangster states all do the same thing - funnel money from the masses to a few people and then continue to bleed them dry until death. Until we change our ways the poor will keep suffering for the benefit of the very few.
yes and more tax you have to pay look at your reciepts oil price to blame yer yer yer excuses whos gaining ..
Oddly enough, there was just a coronation in that country. Who paid for that? I guess the folks who can't afford to eat can pay for a crowning.
Oddly enough , this lot are the MARXIST LIERS at it again. I'm retired & spend more on my GIN/TONIC a week than I do food, I have ,steak or roast joints every day & my food bill is under £45/week.
@@fishhead6449 the quality of your steak and roast joints must be egregious in the extreme. please do better .
That coronation would fund the NHS for 6 hours. There's much bigger problems in this country
NOT MY KING!
@@joshevans4663 Thats besides the point. Why is there a celebration for a king when the country is collapsing and verge of a recession? Its distasteful
This didn’t quite address the key issue of the problem… Companies everywhere increasing profit margins as they think consumers won’t notice and think it’s part of inflation. THAT is the real issue!
if that is the real problem, then every single food producer has agreed to form a cartel, and not single one of them has refused to join the cartel and offer slighltly lower prices to corner the market. really?
@@duncansmith7562Food market is controlled by a small number of powerful corporations and all of them have record high profits growing faster than inflation. You do the math.
@@duncansmith7562 food prices are controled by the financial system you fool.....macro economics IS price fixing.
If food prices are going up it's intentional.
@@truthandfreedom8145 and so when prices go down it's also intentional, you fool?
@@noseboop4354 no one is disputing the numbers. some of us are disputing the causes and saying it's market forces. No evidence of a cartel.
We keep hearing what a "rich country" Britain is. Maybe for the 1%
10% sadly top 75% feel poor. 50% r actually poor. and under is a crime for such a 'rich place'
At least the rich also generally are worse off as well due to brexit. Only a few profiteered.
I'm genuinely confused. Why do we talk about a rich country when the debt is almost 100% of the GDP?
@@zeustn9525 US debt is 400-500% of GDP.
@@Hvantmiki a million of lose is like when we lose £1. They don’t care, money is just a number to them.
I would feel much sympathy for the British people. But then I remember it was the British public that voted for the last 12 years of Tory rule and for Brexit. You get the government you deserve.
you do realise the majority of votes cast tend to go to other parties tha conservthemselves party , eg 2019 58% of all votes cast where anti tory ,,,, yet with a minority of the vote they got an 80 seat majority ,,,
it is not the voters at fault but the electoral system that does not reflect the public will
Why's it a world wide problem then genius. Your beloved lockdowns created this, of course none of you will ever take accountability for become little authoritarians
@@glynmellor6161 name a single Conservative policy of this "Conservative" government
@Glyn Mellor stop the boats? Nearly 2 million people have came in on those boats which our infrastructure can't cope with. And you're the same fool who tried arguing that not a single business had closed because of lockdowns. Anti strike? People striking everyday. Both parties have done nothing about sewage dumps. Both sides supported the public order bill, both sides want an unlimited supply of cheap labour. Free school meals? Lol. Was that seriously your best attempt, you do understand there's a world of difference between talk and action. They say they're going to a lot of things, they never do any of them. Name a single Conservative policy of this government. Your best try was a reduction of 20 quid, my lord those Conservatives are out of control
@Glyn Mellor difficult to say but a small percentage i think as we are talking millions in the 58% and no matter how right wing our govt or similar parties , we aint got 10s of million sieg heilers
It's hard to predict the future until we see this month’s inflation results. However, historical data consistently show that stocks tend to outperform bonds in the long term. Therefore, I'm staying in the market and focusing on selecting high-quality stocks. The challenge lies in identifying these stocks.
Staying in touch with a financial advisor was my effective strategy. During the pandemic, I outperformed the market, earning about $200k in four months. Its been a remarkable few years for me with my advisor .
I wholeheartedly agree, which is why I choose to delegate my daily investment decisions to a coach. Their specialised knowledge, research, and risk management skills make it challenging for them to underperform. They focus on utilising risk for its asymmetrical potential while mitigating downsides. I've been with my investment coach for over two years and have earned over a quarter-million dollars.
My portfolio has been underperforming recently, and I'm considering a strategy change with the help of a coach. Is it possible to get in touch with your coach?
There are many financial coaches who excel in their profession, but for the time being, I employ Stacey Lee Decker because I adore her methods. You can make research and find out more
These bots and their fake conversations 🤖
Don't forget, our inflation remains the highest amongst advanced economies. Yes, there has been a war in the Ukraine and an energy crisis, but the UK is managing it much worse than all other major economies.
Look no further than Tory economic incompetence and Brexit.
Why can't they use Ukrainians to do most of the jobs
In the 1970's under LIEBOUR inflation was around 24% as were interest rates. Use your computer to check facts, & our inflation rate now is now down to 8.01%, down from 10.4%, they forgot to mention that bit. It fluctuates daily. The EU is about to go BUST & will take all its member states money to prop it up. Japan has just invested £188BILLION in BRITAIN. No mention of that.
@@fishhead6449 whatabout your whataboutery?
Look no further that the BILLIONS the LABOUR party spent on an ILLEGAL WAR in Iraq. Have the weapons of mass destruction been found yet????
@@stephenwalker2924 why did LABOUR spend billions on an illegal war in Iraq?
So in other words, at leaat two or three decades of austerity (for the poor that is) have left people with no buffer when a major crisis hits or several major crises. Who would have thunk it?
You would have thought that another economic crisis will come in September/october.
and after all that austerity, we have added over a trillion £ to our debt. almost tripling it.
@@kanedNunable and what was most of that wasted on?
Making sure the wealthy stayed wealthy 🥳
Americans are looking at this as if..what happened?
Slim’s right - inflation falling doesn’t mean prices fall. It just means they’ve stopped increasing as much. We’ll all just be taking a massive hit to our purchasing power.
Truss gave £60 Billion to the investors bailout, that came out of our budget
@@_____alyptic and how much did we print for the worldwide medical fascism?
I have been saying that to my family the price will stay it will not go down when inflation falls. I have been to my local grocery store the prices there are off the roof and I can tell you that it won’t go down
@@joshevans4663 pipe down, you're not a martyr. Just a masochist
There is no food crisis around the world. Prices are artificially maintained to pre war level
greed from the food sector and brexit are making England poorer, well Britain poorer 🤷♂ Well done brexiteers 👏👏👏
Yes, well done Brexiteers! 😂
The government and British politicians just need to sort this chaotic mess.
@@ltng6972 Brexiteers were the enablers.
@@Dylanesque no the enablers we the people who supported shutting down the worlds economy for 2 years. They then take zero responsibility and blame brexit, when you couldn't even tell me when we officially left the E.U
@@ltng6972 well done lockdown supporters
@@joshevans4663 right, it's not like the most of the world went into lockdowns 🤡
Businesses have realised they can extract money without any consequences
monopolies have realised.....
I wish they would stop saying, we will get into a recession, we are in one, next is a
depression. Going shopping for food tells us the truth. At this Point I'm honestly considering Liquidating my $600k stock portfolio
It's more challenging to create a strong financial portfolio, so I advise you to get help from a professional. You can then receive strategies that are specifically suited to your long-term objectives and financial aspirations.
Quite true! You don't necessarily need to be a flawless investor; all you need to do is seek advice from an expert. I began investing in 2020 and pulled a profit of roughly $900k that same year despite having no prior investment knowledge.
Due to the significant falls, I need advice on how to rebuild my portfolio and develop more successful tactics. Where can I find this coach?
I've shuffled through a few advisors in the past, but settled with 'Nicole Desiree Simon' her service is exemplary. I'd suggest you research her further on your browser, sure you'll find her basic info.
Thank you for this tip. it was easy to find your mentor. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her résumé
We are being conned on an epic level.
It's getting out of control now. I'm a single guy with only 1 wage coming in to the house. Even Aldi prices are getting out of reach. People are living off meal deals in Asda etc, a sandwich, bag of crisps and a drink. and the supermarkets know it. I deliver goods to them and there's so much focus on Staff stocking the shelves everyday in that area. Their At It and it will come to breaking point for people.
Things are more expensive, but it never makes sense to have a meal deal to save money. A sandwich, crisps and a drink for £4 is less nutritious and calorie dense than a steak or a whole chicken.
Same have to pay everything myself hardly any money left after rent, bills and food from wage.
Thanks Chris. If i can offer some tips on saving money, get yourself a Slow Cooker and Freeze the food in Batches. Buy cheap joints of Meat and Slow Cook with Veg and Stock. You will be amazed how many different Meals you can make with the results using Rice or Pasta to go with it. I buy a Shoulder of Lamb from the Butcher and after Slow Cooking i can get a weeks worth of meals. For£18 sounds expensive but for a weeks worth of dinners it's really cheap. Even Lamb Curry from the joint.
Stevie. @@chris-ub8in
This is greedflation, we need price controls
Price controls would just lead to a lack of food. Importing food is expensive due to EU and all the extra paperwork and transportation cost that imports didn't use to have. And no seasonal workers. So less food. If it is cheaper then someone will buy everything and sell expensive on black market. Unless they live in northern Ireland people dont have a choice. And it is not that expensive in northern ireland.
@@Hvantmiki government created the problem by creating more money, and now they will blame everyone but themselves... then you have the average schmuck like yourself who will start blaming greed and call for price controls, whilst missing the whole point about where the inflation problem actually gets created. Money controls money supply = they create inflation one way or another.
Agree price controls are a disaster. Best case we’d deal with energy and cap bonuses for execs of these companies for the next 5 years to avoid profiteering which is the issue.
Try to control price from food coming from aboard 😂 The only thing UK had to lower the cost was removing the redtape and making it easier to ger cheap labor. The English voters have clearly voted to get rid of that. Fair enough, forget about eating food coming from aboard or enjoy the new updated price to pay 🙄 Brexit benefit 🎉
These are some of the advantages of Price Control: Particularly vulnerable populations are protected without having to use the blunt,
economy-wide tool of interest rate hikes
Basic needs like food are met at prices all workers and families can afford
Inequality does not increase, as may happen when the basket of goods workers consume sees prices increase more than luxury goods consumed by the elite
The consequences of not imposing price controls are a divided nation, demonstrations, riots and even revolt
least we're still getting the £350m a week for the NHS. Without that we'd be in big trouble.
I can't believe anyone was genuinely gullible enough to believe that. If they did they only have themselves to blame.
@@Buckets1000 that's because much of the public are unable to think for themselves independently & didn't bother to do any research.
Nhs cant sustain itself, it needs to privatise or start charging people a small fee like 10 pounds for every admission. This country with its systems isjust not viable
More money has been spent on the nhs since 2016 more than 350m . Check out was spent over covid the uk also paid people to stay at home for 2 years
@@Buckets1000 The remain side was full of lies to
My sister is one of the MDs of a large supermarket in the UK begins with T. She just got a pay increase of 25% + Bonus. She told me that the prices in her supermarket will not go down.. because her superior also just got 35% rise + bonus. She said that they will pass on the price increase to their customers by applying significant increase of the rrp price thats on the shelves, then use discount labels to make as if it is lower. She is a very clever girl.
Liar .
Liar.
Is she single?
She is 65 years old
@@SubjectiveFunny she is not single, she is in her mid 40s.
But Brexit has nothing to do with it, of course not.
Just like Ukraine, political plausible deniability
Brexit has been a success.
🤭
For the most part Brexit hasnt had much to do with it. Many other countries outside EU have high inflation. UKs high inflation is caused by energy prices and to a large part profiteering by supermarkets. Im not saying Brexit hasnt caused issues but it is a minor player in the issues we have now.
@MrAvant123 minor? No, it's a compound issue. Our inflation may be closer to France if we hadn't left the EU.
Brexit has and will never have benefits. It's just about damage mitigation at this point.
Consistent mismanagement of our economy is the root cause.
Ahhh it's just mismanagement, is it? Nothing at all to do with Brexsh*te then 🤔
Funding a war against Russia also drains the economy.
Is a world wide issues. Basically the whole world is consistently mismanaged. We need aliens invasion asap.
@@markpalmer8083 in this case yes nothing we pay global prices for our own gas making heating glass houses unbearable prices plus supermarket will not pay the extra price ( I can tell you stories how farmers committed suicide because of Tesco ) So they simply didn't grow any . So a conservative government refused to build any new nuclear power stations refused to nationalise North sea gas refuse to regulate regulate supermarkets farmers can still in port labour instead of making people work for benefits which many countries do so yes mangment .oh and because we didn't increase interest rates earlier unlike America inflation has meant a devalued pound
Those government ministers are dicking everyone off with their braindead plans for something far beyond their capabilities.
Im sick and tired of the blame going on Russia for increase on prices, yes maybe for gas and oil, but why council tax, mortgages, diesel, food and everyother feckin thing, its all thanks to BREXIT, and all the idiots who voted for it are the ones complaining now
It was the West that imposed ten rounds of sanctions on Russia and blew up the Nordstream pipeline, so how are the gas and oil prices Russia's fault?
Brexit added an average of 250 pounds to every families annual shopping bill. ON TOP of inflation. Anyone who voted for it, deserves it.
Yep all brexits fault, nothing to do with lockdowns. All brexits fault this is a global crisis 🙃
it can be both not one or the other... the other factors are also greedy self servatives and their mates spaffing 100s of billions on PPE, track and trace... theres a list as long as BOJOs children...
but ofcourse no one who voted brexit would admit they were WRONG.
they would rather choke on their pride and die
The tories lied to the public to get in the votes! They said they would control immigration and they failed to do that only people to blame are the evil ones who are running the country and leading UK to its doom!
@@joshevans4663 which explains why all our neighbours are doing better than us despite dealing with the same pandemic and the same war.
@@tezinho81 is that why Germany officially declared today that they're in a recession. Brexit? Yes this is all the price lockdowns. At least we agree the war isn't helping. We should be demanding diplomacy
Illegal boat crossings costing millions every week.
Brexit, the gift that keeps on taking...
And taking from the poor
@@Buckets1000 yep all brexits fault. That's why this a global crisis. This is the price your lockdowns, of course you'll never take accountability though, even though you wanted to throw me in a camp. Yep everything is all brexits fault...
@@Buckets1000 You have the emotional maturity of an infant. Wales has over 30,000 people on a 2 year waiting list, Scotland is entirely dependent on the money it receives from England. They'd collapse without England
Yeah course. Brexit is the reason we run £500 billion pound trade deficits. It’s also the reason why the weather in this country is bad. Also Brexit is the reason we bailed out the banks in 2008. As well as the Labour Party bankrupting the country by 2010. All Brexit
@@Buckets1000 Removing sovereignty, makes the people running the show even less accountable. That's why they've foisted the Indian boy on us
I'm not British, but the kind of people the UK produces and selects to lead their country, you look at how they talk, their facial expressions, it's so blindingly obvious none of them have ever had to look at the price of a grocery item. And none of them pronounce the B-word, for the simple reason that Brexit was always about a massive redistribution of wealth and well-being from the bottom to the top, where it belongs according to them. And here they are, complaining about "slow growth over the last fifteen years".
The vast majority of the UK population dont want any of the politicans in power.
Umm "Brexit"? No, Germany and the Netherlands and the Irish Republic are also experiencing food price increases. This is greed on the part of supermarket chains and exploitation of farmers. The UK is a class-ridden vile place to live in where masses of illegal immigrants and legal ones contribute to poverty and decline. The UK is toxic for native peoples.
Brexit is still the elephant in the room. The word wasn't even mentioned once. Where do large parts of fruit an veg come from due to a warmer climate and partly reduced national production? The EU, of course. With the low currency exchange rate of the pound and the extra costs for having left the single market, these prices are obviously much higher and won't come down either.
Not sure what you were watching mate. 4:34 is where brexit has been mentioned.
How you gonna sit here and say brexit wasn't even mentioned despite clearly not watching the entire video? Makes you look stupid.
@@CurtisRouse- he's not wrong about fruit prices though
Then why is food more expensive in Holland? The elephant in the room is the medical fascism you all supported, you don't want to talk about that though. Just blame brexit, you're doing the exact same thing again
4:39, you might want to watch again!
@@MacrobianNomad Right, it was mentioned at the end. However, I consider this aspect too crucial to put it at the end. And the devaluation of the pound doesn't make it easier either. But you are right.
The cost of living in the UK has always been high, which is why all my cousins who worked as nurses there has moved to New York as soon as they got their visa.
Cost of living is higher in NY than in some other states, but the wages are also higher. I was shocked at UK wages when I lived there. (Southern states in the US also have lower wages, but food and other merchandise is also lower priced).
Nursing is a profession in the US, and generally they do alright anywhere.
UK has always allowed me to work and survive but never live, never own a house or even rent by myself. Always had to share with strangers to mild the costs. This was for 12 years, so I left. I'd come back eventually on a visit, but at this stage, I've decided to go back to my country. If I have to make sacrifices, at least it'd be under the sun, with tasty food and near family.
Glad to see Channel 4 reporting on the effects of Brexit even though main stream media and politicians refuse to admit the truth
Not reporting on it is becoming untenable Brexit was a shambles
effects of unbacked currency
Being in the EU would be way worse for us, there is a worse cost of living crisis in Europe
@@noncekilla8848 - only in your little bubble...
@@noncekilla8848 No it wouldn't be worse for us being in the EU. EU citizens aren't having it worse.
The irony of Brexit is it has strengthened the EU (polling showed lower anti-EU sentiment in member countries) and the UK is now an ongoing litmus test for the generation ahead.
Unfortunately I don't think too many Brexiters will understand what a litmus test is.
UK will be ahead. EU will collapse. We made the right choice. Just look at Germany have lower inflation yet announced they are in a recession over a month ago
Call in your national treasure Nigel Farage. He seems like such an intelligent individual with all the answers
Ew no way
He would be a lot better then all of the ones we have had in.
@@Viewer-discretion-is-advised7 No he wouldn't. All he is is a snake oil salesman, a heckler in a suit and he has offered no intelligent answers to fix the brexit disaster that is unfolding. He is a shill who was bankrolled by the likes of billionaire elitists such as Arron Banks.
@@Viewer-discretion-is-advised7 he's actually a Conservative at least, unlike that unelected neo lib who's addicted to spending other people's money
@@Viewer-discretion-is-advised7 Lol are you still falling for that?? Brexiteers are so credulous. You'll be telling everyone in ten years that all the upside is around the corner. Face it, it was a total failure.
Not only UK. In Czechia, joghurts gone up for around 50 percent.... Crazy pruces, all fake, but more we pay, more government gets in taxes. Imagine how much they get daily just from toulet tissue and that is one of the cheapest things we must buy and use daily. So why would government want to do something about it?
pruces are cruzy
Good moaning.
@@astroboirap you didn't have to do him like that😭
@@astroboirap I am OK. You can have a fun from disaebled person with just 3 fingers.
Up just a smidgen in France but that really is caused by the southern droughts
Tories said they'd take us back to the victorian era.
not only UK but everywhere even here in europe, rents, electricity, gas, housing,food, everything is so expensive that even people who work cannot afford to pay for everything. thiings that i buy normally have gone up in price 30-50%
Don’t tell remainers in the U.K. that. They’ll tell you Europe is BOOMING
Nope - it is not everywhere in Europe.
I'm from Lithuania and the electricity price is cheaper 24p per Kw day time night time 15p per Kw as well the standing charge is 3 euros per month fixed not 52p per day like in England around 14£ per month you pay off somebody and never see different because they still don't upgrade the grid and say support electric cars soon on massive scale good luck with that.
The Bank of England bailed out the pension plans, banks and financial markets on the backs of the poor….. disgusting
but normal ... sorry to say ..
Still learning English.
I think the bigger problem is that salaries are way too low. Yeah taxes and other deductions are high but the main concern is pay. Imagine getting only £1.5k for a graduate role per month, where a room costs £500-600, on top of council tax and utilities, which are also getting higher with ofgem shenanigans.
1.5K for what types of work
@@hackoff3997 every job for the last 20 years
Salaries is never the problem. Take NHS healthcare staffs like Doctors and Nurses as example. They are one of the highest paid healthcare staffs in the world with huge salary increment from each protest. However, their salaries are never enough to fight inflation like high cost of living (Eg: foods, accommodation, bills, taxes, etc). UK has national resources like farms to produce foods. So, why do UK still need to import foods from overseas that lead to higher food prices? And the funny's part is shortage of foods that cause by 'weather' as what Government claimed. The biggest problem is Government only care about their own interest and no one really cares about UK people to create solutions like lowering cost of living, woos investors to create jobs for unemployed, etc.
Government - "We demand everyone to stay home, we´ll hand out free money"
Government - "There´s too much money around, we`ll raise interest rates"
Government - "Food is expensive, we demand everyone to pay more taxes"
You nicely forgot brexit
@@chindit6784 No, he nailed it.
The covid was just nothing but just scare mongering. It was nothing but people were overreacting. Brexit was another issue and if brexit didn't happen food price rise wouldn't have happened
@@lightningstrikes7314no, he missed brexit
@@JJ-fg2wd brexit is irrelevant.
Inflation, bank collapse, severe drought in the agricultural belt, recession, food shortages, diesel fuel and heating oil shortages, baby formula shortages, available automobile shortages and prices, the price of living place.
Government policy has thrown the future under the bus for decades. The day of judgment is near. I predict an 80% drop in the stock market. Investors will abandon stocks in favor of real estate. There will be no money in banks... You must devise a strategy for survival.
I agree. I have pulled in more than $435k since 2020 through my advisor. It pays off more in the long run to just pick quality stocks and ride with those stocks.
@@ThomasChai05 Mind if I ask you recommend this particular professional you use their service? i have quite a lot of marketing problems.
Sure, the Financial advisor that guides me is “Mary Onita Wier” and she is renowned and has quite a following. So it shouldn't be a hassle finding her. Just look her up.
I just looked her up on the internet and looked into her credentials. I wrote her a letter outlining my financial objectives and planned a call with her.
its not a cost of living, its the cost of printing...
Umm "Brexit"? No, Germany and the Netherlands and the Irish Republic are also experiencing food price increases. This is greed on the part of supermarket chains and exploitation of farmers.
I'm glad I moved to germany ten years ago. It looks like the UK is doomed.
@@Buckets1000 definitely, and I hope Wales goes for independence as well
Lol. 😂
The UK has been doomed since the early 70's. I wish that I'd had the sense to emigrate then.
@@catherinebirch2399 it's not too late.
I left the UK in 2004 because I thought it was going down hill back then.
OK I might be a little more difficult now because since Brexit you need a visa or residence permit or somethink else (like having a dual nationality), but give it a go, it's really nice to live over here in the EU.
I live in Canada and I can honestly say with a heavy heart the U.K. has it far worse then us in North America. I shop Walmart and a discount store to keep my food budget low and every week I see inflation jack up prices. I used to work in a grocery store as a cashier for 20 years. Never seen anything like it in Canada.
Our gas went up to $1.66 a litre today, yesterday we took my husband's truck and a Jerry can and went to a First Nation's Reserve where gas is far cheaper like 1.37 a litre, same gas too. We drove half an hour but that gas will last 3 weeks in my husband's truck and the Jerry can we filled, filled up my small car so we saved money.
I truly hope this high inflation ends soon.
Don't worry perhaps people start using their brains. There are too many political Zombies in this country. How can you elect a known lier, wife cheater as your PM? This country went too low, perhaps that will change.
@Julian Kazmier and here for us it's 6 dollars a gallon in Canada if not more
@Julian Kazmier $4 is cheap stop making such a big deal
@Julian Kazmier where is it 4? Not California 😢😊
food prices in America is kept low
We're being price gouged
I am living at Turkey so we are get used to it living with under high enflation rates. Unfortunately enflation makes poor people poorer. Within 3 years people who has been surviving with salary hit badly. Just 3 years ago employee took %37 of the national income unfortunately nowadays that rate fell down to %25 so averaga people has lost %33 of their income.
To add insult to injury, the quality has dropped, i throw a lot of stuff away. And what's with the 60p bags that always fall apart sending your shopping flying everywhere, when they was free they was fkn indestructible 😡🤬😡
The food company prices have gone up but the employee wages of those companies haven't increased much either!
Then if you forcibly raise their wages the food prices will go up again in order to afford the increase in payroll. It's incredible of none of you understand economics
You just made a completely different argument. Yes I want workers to have more money, how do you do that. You lower tax. The government forcibly increasing wages doesn't give them more money, it creates a strain on the employer. Remember no money has been added, same tax rates (In fact they'd most likely increase as a result of this). The employer is still having the same income, so now you've created a problem for them, either they fire workers in order to pay for the increase in payroll, or they raise their prices to adjust for the new payroll
@glynmellor6161 You were far better off in the 80s than you are now mate, and yes we've seen literally no growth in the past decades. We all know why, but nobody wants to have an honest discussion about it. It doesn't matter how many consumers you have if they can't afford anything. I completely agree with your last statement though
Afaik, Aldi lifted the wages.
My local Aldi here in Germany pays 16 Euros per hour for unskilled work. Thats more than minimum wages.
Why can’t the government reduce VAT by 10 % and give us all an immediate 10 % price reduction ?
Because the retailers will just add that 10% right back on with a price hike, so the effects will be NIL.
What happens to the huge black hole that will put in public finances?
@@mwd331 if prices have gone up 50% halving VAT wont make a difference to them.
With prices going up won’t the VAT take go up also ? So food inflation is at 19 %. Hasn’t the vat take on food sales increased by 19 % also ?
Apply the same principle across the entire economy.
Is government then benefiting from inflation ?
@@tropics8407 yep you got it .....more money for the governmnet to line the MP and friends pockets and waste away on stupid things
Building materials being highly priced also has a big impact as not taking as much profit
The country is paying petrol station prices 😢
Reading a few of the comments it’s a bit like he said she said when people compare the UK to other countries. All I can say from my view point of living in northern France is that you have it much worse than we do
Did brits really thought an small island with poor land is enough for their own sustainability?
They are just used to living off their colonies. That's why they pushed Ukraine into this war with Russia. They are so delusional thinking that they could win and rob Russia of it's resources and buy socioeconomic peace.
I imagine those skipping meals are like me and worry about bills; gas, electricity, water, council tax, phones, broadband etc., virtually all their waking hours. At 58 I thought I might make it through to retirement when I lost my banking job aged 48 by frugally living off my savings and redundancy. The pandemic and cost of living crisis - including Brexit, have put paid to that notion. I laugh when I go shopping as it is oddly reminiscent of shopping as I remember it when I was eight years old. Then there was little choice and the Sainsbury's in North End Road Fulham was not a supermarket. I entered and with a basket shuffled in an 'n' shape, asking the assistant for what was displayed in front of you.
Fast forward. Pricing effective reduced choice. Rather than fresh or delicatessen mackerel I buy such in a tin.
The central heating can only heat up the house if left on for two-three hours at a time. Doing so would be ruinous. So the heating is on for one hour in the morning and similarly in the evening. The house never gets sufficiently warm.
What do you plan to do when you reach your senior years, those tender years in life?
For instance, in your late 60s, to mid 80s... Typically, at that age most need careering assistant for everyday mobility.... How have you been preparing for that?
@@originalunoriginal4055 Despite been raised a catholic and having all the guilty feelings, I am atheist. I currently look after my 86 year old mother and decided years ago that I would have little choice but to commit suicide when I reach my mid-eighties. Looking after my mother during the pandemic, driving her to covid jabs and doctor appointments means you get to see how having to rely on others is a non-starter. The NHS is in serious trouble and I have long known that GP services would start to look like NHS dentistry which does not exist for anyone other than children and OAPs; if you can get on the books.
Did you do the family shop when you were eight? Who are you, Pip? (Dickens' allusion)
And stop telling stories like an old man. You are only 58.
@@stephenwalker2924 I recall going shopping with my mum when I was was eight. Such memories make me cry.
Abolish council tax. Ever since introduced money raised never put on the ppl but sent abroad.
Brexit and energy providers not dropping prices. Even fuel at pumps are still high.
Load of fraudsters in shops petrol stations charge excess for food n petrol. Cheap brands thrown in like scum contemptuous of customer
It's the same in Australia as far as food and petrol is concerned. A kilo of cheddar is AU$12 to $19. Fuel is still basically where it was when Ukraine was first invaded, and oil per barrel was $120+, it's now $73, yet the prices at the pump aren't 45% cheaper.
The world we live in now is the most expensive I have ever seen in my 58 years.. the same amount of money is in the system.. but just not in the vast majority of workers pockets.. the idle rich just keep getting richer
Correction, more money being PRINTED
I'm a tenant. You seem to have envy.
There’s way way more money than ever. That’s the scary thing - all that QE over the last decade. But where has it gone? Accumulated into the top 0.1% in places like britain and the US.
@@bitandbob1167 Offshore.
And the poor get poorer and poorer all by design.
Many brexiteers say they aren’t tories and would never vote conservative. To them, I say, maybes you’re not. But, you’re worse. You knew what they were and are. And yet, you followed.
No the worst* are the people who supported lockdowns, will never take responsibility then blame people they hate. When you couldn't even tell me when we officially left the E.U
@@Buckets1000 Germany officially entered a recession today. In a year you're all going to be saying you only supported the E.U for the cheap holidays
Anyone else had the impression Jeremy Hunt was struggling to hold its laughter?
He was born with a smile on his face
He looked seriously stressed to me. Lock him up.
no monarchies in AMERICA...food prices are probably lower
@@angelachanelhuang1651 You know nothing . Come on over and see for yourself. The zombie poor are taking over the streets.
At least prices have somehow stabilized in Germany, and some decreasing production costs have actually been handed to the customer, butter and pasta getting a little cheaper now. Not by much, but I'm impressed they didn't pocket the whole bargain they got through lower energy prices etc
Bullshit. Stop lying.
I am in the US and we have 2 German cars, but the Germans are not exporting as many. So there can be a bit of a scramble to buy the car you want. Before, car engines were made in the UK, but now they are made in Hungary.
Greedy supermarkets and greedy investors
Not just the most expensive, but the worst quality GMO food on earth. Fruit and vegetables which look perfect, with zero smell and taste, it's magic!
I thought Sunak was gettong on with the job of fighting inflation, he says he is, he answers every question with this statement !!
only gullible idiots believe that crook
Sunak is the problem. He spending fake money
@@joshevans4663 and has stocks and a big interest in helping his business associates aka "rich friends "
The price of freedom 😂
Quite so....is there no end to these Brexit benefits!?
And the price of war against Russia 😂😂😂
It is a government inspired crisis this time. The Treasury have to sell Bonds to cover the trade imbalance and the government spending imbalance. In order to sell them they have to raise interest rates and the old long-term, low risk, low interest, AAA investments (including Treasury Bonds), held by the banks (often due to government regulatory policy), become next to worthless. The next milestone is the 15th when the government issue a new batch of Bonds. I have approximately $350k stagnant in my port_folio that needs growth. What is the best way to take advantage of this downturn?
@Brilliantrans Please, who is the consultant who assists you with your investment, and if you don't mind, how do I get in touch with them?
@Brilliantrans Thank you for this tip. it was easy to find your coach. Did my due diligence on her before engaging her services. She seems proficient considering her résumé.
prices will stay high
Yeah maybe not everything, note that certain products are being both in the news and advertised as being lowered in price, and the old maxim that things never go back to normal
This country is in big trouble, anyone with half a brain cell can see it, it’s frightening. Real inflation for the majority of us & not the falsified version is out of control meaning more interest rate rises are inbound, more sub 2% fixed rate mortgages are due for renewal this year, average UK credit card debt up 9% in a year to Feb 23. First time buyers completely frozen out of the property market due to rates & prices, rental market in meltdown. Unsustainable. Tick tock
The English and Spanish is taught as a regular curriculum in CHINA
who would have ever guessed that paying people to stay home and not work for months on end would have caused inflation?
Its effecting my muscle gains at the gym 😂 I can barely bench I was like GET IT OFF ME (X2) and it was only the Olympic bar lol
Now I see why British citizens are moving to other more affordable countries. Very wise in my opinion. Get out while you can!
Merry Brexit ❤❤❤
It’s always a bad outcome when inviting big food corp to ten downing st,
You have seen it they left with a big smile in their face…
I didnt think many Britons ate food - the unprocessed stuff that required
cooking or washing.
What country was that market in?
My advice is shop around for different items. Biscuits gone expensive so refrain from buying them if we all do this prices will tumble. Food has sell by date so if you choose best priced product they will force the price down on more expensive products not selling.
The JOYS of Brexit! Oh Dear! Oh Dear!
The joys of lockdowns
Why they're complaining after over 50% agreed brexit
Managed decline. 'A rich country full of poor people' to be a thing of the past.
I remember when I was at school you can get a small basket of fruit or veg for £1 at local market.
Get over it pal
Brexit also put the UK on the road to decline and will continue to do so until we stop making enemies try somewhat more to make friends without European neighbors.
@@unknown_name_389 No, it's the Tories and Brexit.
@@unknown_name_389 Lol you think what we have is socialist or communist?
How divorced from reality can you be!?
We have two flavours of neoliberal parties. Labour swung a little back to the left with Corbyn but the Blairites are back in charge.
Both of our primary political parties are quite right wing already. They're maybe a bit left of Ghenghis Khan but they're still right.
@left_blank - the tory's are socialist, what world are you living in..? in case you haven't noticed this tory government is becoming more and extreme right-wing by the day...
to come up with such nonsense you either a). flunked school, b). don't understand critical thinking or, c). are just a troll...
@@moreplease998 it's lockdowns. And the sooner you useful idiots admit that, that will ensure nothing like that ever happens again
Yeah course. Brexit is the reason we run £500 billion pound trade deficits. It’s also the reason why the weather in this country is bad. Also Brexit is the reason we bailed out the banks in 2008. As well as the Labour Party bankrupting the country by 2010. All Brexit
Never knew inflation was this high in Syria
And yet cheaper than anywhere in Western Europe.
"Bring down inequality" we have a Tory government headed by a man that's richer than the king 🙄
Didn’t Sunak say Brexit has already started to deliver benefits and will continue to do so?
Yes and his right
Yes idiots tend to look at short term forecasts rather than long term, it's the equivalent of turning someone's paper the right way round so they can read it properly.
It's getting like Argentina
Just returned to Japan after two weeks in Oxford. Bottom line, UK is just too expensive to ever make another visit. Flight, accommodation, food, transport ... I skip meals, but I'm dieting. Tourism has to be compromised: I could stay three months in Malaysia for less than the cost of two weeks in UK. Partly down to the exchange rate. 180 yen to the pound would have to be 100 yen for UK to make economic sense.
Jack, the Japan Alps Brit
The yen is weak right now, that will change if you ever want to go back again
It's time for the poor to go out into the fields and cultivate the land of the nobles and the rich English elite. This is the only way to make England great again. This has always been the ultimate plan for Brexit.
I just realized this year,how easy it is to grow your own vegetables.😮
Why did we put prices up in first place?
I was shocked when I heard some politicians or journalists (I know little about UK media) talking about basic food like a cheese sandwich and the caller said "it's simple don't eat anymore cheese".
this kind of discourse in France would have led him straight to the guillotine (well if we still had one)
My English neighbors I am wholeheartedly with you.
The UK is a lost cause my friend. Tis the blind leading the blind. 🇫🇷
@@steveatkins2564 You know our politicians are not much better but we have the culture of people's revolt which sometimes (not often) manages to overturn a government.
I can only advise you to rebel, but you will always be welcome in France.
That quote is similiar to "No bread, eat cake" quote during french revolution
It would make more sense to only buy cheese and not bread.
Leaving the EU was such a good idea
Lower food cost lower energy bills
Lower immigration more money for the NHS
More money for the UK make England great again 😭😭🤣🤣🤣🤣🤣🤣 every single European country are in the EU are doing twice as good as us
🤣🤣🤣🤣 I wonder how many of these people who are complaining voted to come out of the EU
I was shopping at my local corner shop earlier today, and was about to buy some baked beans until I saw that they were £1. 55 a tin. That's a ridiculous price.
It’s almost like we were warned this would happen
low growth hurts everybody
Inflation is helping Rishi Sunak deal with the public debt, It has long been known that a burst of inflation can reduce the real value of debt and that governments have often resorted to this method. Gov needs high inflation to reduce public debt, inflation will stay longer to suite gov interest on tackling the public debt growth. Inflation also knows has hidden tax....
All curriculum is taught in ENGLISH in AMERICA..
How do you expect lower inflation when the price of energy is so high? Everything use some sort of energy to end up on the table. On the other hand energy companies are making huge profits.