I heard a lady speaking on Five Live yesterday who said that thge mayonaise she regularly gets has goine upo by a pound.
AS AF said at the top of the thread..it's just the start.
What amazes me is that the BoE keeps saying that an inflation spike will be short-lived. They forecast it at 2.5% and now they've just revised it to 4%. I'm sure they'll have to revise it up again and talking about a tweak to interest rates "sometime next year" is, imo, also wide of the mark. They'll haver to do it quite soon. Also they'll have to work out by how much..maybe to .75% .25% is being mooted..because whilst they want to tackle the ever-increasing inflatioin number they don't want to kill off a growing economy.
I also heard that veg growers are offering £30 an hour for pickers., So..who will pay for that ? We will. It's not just the increased wages of drivers to consider but the increase in petrol/diesel costs. because of Brexit there are increased regulatory costs too..The world is coming out of the Covid recession and for that reason oil is in demand which, along with the fact that the Saudis have decided to keep output at its planned increase of 400,000 barrels a day through November which has caused the price to go to $82 a barrel today. This time last year it was $40 a barrel. In addition Putin has weaponised gas prices by restricting exports until the Germany approves the Nord Stream 2 gas pipeline which will by-pass Ukraine which gets substantial commission for allowing it through its territory. The US, EU and the UK are concerned about gas security.
I worry for people who are struggling now, goodness knows how they'll cope over the coming months and all we hear from Boris is "“Plan for the worst and hope for the best and before you know, hopefully, it’ll be all over “in time for Christmas
As things stand now it Looks like turkey and pork will be off the menu. Salad sandwiches and soup anyone ? If there's any salad that is.
Re pigs..https://news.sky.com/story/grown-men-in-tears-as-hundreds-of-pigs-culled-due-to-abattoir-worker-shortage-12426747
Re turkeys
'UK poultry producers have warned that serious staff shortages caused by Brexit could mean there are not enough turkeys to go round this Christmas'.
The government has allowed the issue of 5000 visas for EU workers to come here on a temporary basis. So far 129 have taken up the offer. Clive Watson,the CEO of City Pubs Group and a Remainer ,has called on the government to issue 2-3 year visas to Europeans
He said.. said " “
It would seem sensible for, and we call upon the Government to, introduce a two to three-year working visa to European nationals so that people can come to the UK, work, study and return home extolling the virtues of the British pub.
And what an irony...
Tim Martin, the owner of Weatherspoons and arch-Brexiteer, has backed him.