Don’t forget the NI hike, Council Tax increases and increased utilities costs.
If we have a particularly cold winter this year a lot of people are going to be in trouble.
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So many factors in play around the world life is going get more expensive.
Don’t forget the NI hike, Council Tax increases and increased utilities costs.
If we have a particularly cold winter this year a lot of people are going to be in trouble.
Hopefully food prices will be a blip but I very much doubt prices will fall at the same rate they will be going up when the various crisis are over.
However, there does appear to be a lack of a coherent plan to move the country forward (not just after brexit) that are causing the non-food increases in the UK.
The recent deal with Norway was a step forward but we should be moving our economy and country to a future that doesn't rely on us importing petrol, diesel and gas and towards producing our own clean electricity; it's crazy we aren't working on tidal energy as it is far more reliable than wind and solar plus it's on all four sides of the UK.
The money being wasted on HS2 could totally revolutionise our energy grid, housing and vehicle charging infrastructure whilst creating jobs throughout the UK not just in a corridor between London and Brum.
Food is a more difficult fix however it is easy to fix the lack of employees here to pick the food we grow and to drive the lorries to move it around the UK. However, any companies that import workers must train up an equivalent number of UK people to eventually take up those roles. Then any quotas can be tapered over time.
Wherever you look there's a storm brewing. Across the 'western world'. 20 plus years of bad, lazy government[s], strong on rhetoric but short on sensible and practical ideas, are beginning to have an effect. Nothing seems quite right anymore. Companies that have lost £millions since they started and are never likely to go into profit are worth £billions. Even China is facing a £5 trillion property -related nightmare.
You can see it all here: https://tradingeconomics.com/commodities
Some of the rises are eye watering. Not uncommon in certain sectors at various points of crisis (like oil price in the middle east if there s a war etc) but the rises across the board are startling.
Numerous factors, but the over-riding one is a global economy that shutdown and then re-started, with everyone scrambling for a finite amount of gas, corn, coal, shipping containers, steel etc etc at the same time.
Since the start of 2021..
Brent Oil up 62%
Natural GAs up 125%
Gasoline up 70%
Propane up 126%
TTF Gas up 358%
Steel up 40%
Coal up 198%
Tin up 80%
Lithium up 254%
Coffee up 54%
Sugar up 31%
Oat up 80%
No I didn't.
I said increases in the NHS budget since 2016 have, even allowing for inflation, increased the NHS budget by more than £350m a week. And they have. Thats nothing to do with Covid.
I also don't object to the UK govt keeping the U/C uplift (my ex kids benefit from it too). I'm just saying, it was increased as a result of the pandemic, as a temporary uplift. Temporary solutions, by definition don't last.