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UK food price inflation hit 16.2% in October – cost of food basics surging

bbc.co.uk

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Re: UK food price inflation hit 16.2% in October – cost of food basics surging

#31

Post by rjsw »

CommanderData wrote: post #11
rjsw wrote: post #5

Earlier quoted context omitted.

Brexit has removed one way to keep wages down - import more people. I don't think that the central bank solution of putting up interest rates to reduce the number of jobs is going to help, people still need to eat.

Brexit has caused immigration from non-EU countries to increase. According to the government's own statistics we've seen massive increases from countries like India despite the anti-immigration rhetoric displayed by the Tories. We've also got a partnership with India that helps fill in the gaps. Not to mention the record study visa's issued to India. "India first again. I’m delighted that Indian nationals were issued…

Increasing immigration from India was an explicit Leave campaign promise, obviously only made to the Indian community in the UK, targeted advertising is great.

Re: UK food price inflation hit 16.2% in October – cost of food basics surging

#32

Post by de_keyboard »

mytailorisrich wrote: post #28
de_keyboard wrote: post #21

Earlier quoted context omitted.

> going for low tax low regs. The problem with this strategy is that the major trading blocks of USA, EU and China will not allow the UK to undercut them. So if the UK goes down this path, then companies based there will find themselves cut off. The UK domestic market is not large enough on its own.

Considering that the US is much lower regs than the UK and has domestic tax havens, and that I doubt this is a problem for China, I think you exaggerate. It's the EU that is worried of being undercut and that's why they are trying to tie market access to EU rules.

The US would not allow their financial sector to migrate from NY to London.

China is even more controlling than the US.

London used to be the center of finance in Europe and now the EU sees an opportunity to grab that revenue / power.

Where does this leave London?

And the UK as a whole is heavily dependent on London.

Re: UK food price inflation hit 16.2% in October – cost of food basics surging

#33

Post by jen20 »

squidbeak wrote: post #16
vnchr wrote: post #10

Earlier quoted context omitted.

This seems to coincide with inflation of food prices in the US where there was no Brexit.

How full are supermarket shelves in the US? Whole product lines are missing in supermarkets in the UK.

There are effectively zero shortages of critical goods, and food price inflation in the parts of the US I live and spend significant time in (TX, CA, NY) is certainly not at the levels seen in the UK (where I am from), though there is some which is undoubtedly painful for those on fixed or low incomes even at the levels seen here.

The idea that this is a "global problem" is convenient for the UK government and Brexit supporters, but not based in reality.

Re: UK food price inflation hit 16.2% in October – cost of food basics surging

#34

Post by Aachen »

bsnnkv wrote: post #30

I left the UK for the US in 2019. My I-485 was approved this week. I haven't been able to travel back to the UK since 2019 first because of Covid and then because of the pending I-485 petition. I'll be going back for the first time once my card is delivered. Reading about what has been happening over the past years in the UK while sitting in the US is really strange. Sometimes it feels like reading about a cartoonish…

Not sure everyone here speaks UK form numbers. An I-what?

Re: UK food price inflation hit 16.2% in October – cost of food basics surging

#35

Post by rwmj »

Aachen wrote: post #34
bsnnkv wrote: post #30

I left the UK for the US in 2019. My I-485 was approved this week. I haven't been able to travel back to the UK since 2019 first because of Covid and then because of the pending I-485 petition. I'll be going back for the first time once my card is delivered. Reading about what has been happening over the past years in the UK while sitting in the US is really strange. Sometimes it feels like reading about a cartoonish…

Not sure everyone here speaks UK form numbers. An I-what?

It's a US permanent residence form.

Re: UK food price inflation hit 16.2% in October – cost of food basics surging

#36

Post by themihai »

bsnnkv wrote: post #30

I left the UK for the US in 2019. My I-485 was approved this week. I haven't been able to travel back to the UK since 2019 first because of Covid and then because of the pending I-485 petition. I'll be going back for the first time once my card is delivered. Reading about what has been happening over the past years in the UK while sitting in the US is really strange. Sometimes it feels like reading about a cartoonish…

Media always exaggerates. UK will be fine even if it has lost its shine.

Re: UK food price inflation hit 16.2% in October – cost of food basics surging

#37

Post by vel0city »

Aachen wrote: post #34
bsnnkv wrote: post #30

I left the UK for the US in 2019. My I-485 was approved this week. I haven't been able to travel back to the UK since 2019 first because of Covid and then because of the pending I-485 petition. I'll be going back for the first time once my card is delivered. Reading about what has been happening over the past years in the UK while sitting in the US is really strange. Sometimes it feels like reading about a cartoonish…

Not sure everyone here speaks UK form numbers. An I-what?

Not a UK form, US form.

USCIS I-485, Application to Register Permanent Residence or Adjust Status

https://www.uscis.gov/i-485

Re: UK food price inflation hit 16.2% in October – cost of food basics surging

#38

Post by gghhzzgghhzz »

mytailorisrich wrote: post #24
rwmj wrote: post #19

Earlier quoted context omitted.

Any attempt to do that would be political suicide, as indeed Liz Truss recently demonstrated.

Liz Truss made big mistakes in implementation: they did not discuss their plans with key stakeholders and they they did not prioritise measures (why abolish the 45p rate now?) but they did get that growth must be much higher priority, if not highest priority. Again, the level of debts is really weighing on things: without Covid debts Liz Truss's budget would have been well received. And of course even many in her own…

Debt being an issue is mostly a self imposed limitation / political tactic.

Parties were saying exactly the same thing about debt in 2010 when debt / GDP ratio was lower in order to win an election and implement austerity.

Covid Debt in the UK was all QE anyway, so is effectively money we owe to ourselves.

I do agree that Truss could have done all the things she wanted to do if she had just been smarter about presentation.

Re: UK food price inflation hit 16.2% in October – cost of food basics surging

#39

Post by blibble »

mnd999 wrote: post #4
the_mitsuhiko wrote: post #3

I’m quite curious how this will end in the UK. Regardless of how much Brexit has to do with this, I think the lack of actual Brexit opportunities and the contribution it has to core inflation is at one point going to change the political landscape.

Some stuff in the media today about a Swiss style deal with the EU.

the government have stated they don't recognise any of the discussions reported on

https://www.theguardian.com/politics/2022/nov/20/hardline-br...

wishful thinking by journalists...

Re: UK food price inflation hit 16.2% in October – cost of food basics surging

#40

Post by stevezsa8 »

CommanderData wrote: post #11
rjsw wrote: post #5

Earlier quoted context omitted.

Brexit has removed one way to keep wages down - import more people. I don't think that the central bank solution of putting up interest rates to reduce the number of jobs is going to help, people still need to eat.

Brexit has caused immigration from non-EU countries to increase. According to the government's own statistics we've seen massive increases from countries like India despite the anti-immigration rhetoric displayed by the Tories. We've also got a partnership with India that helps fill in the gaps. Not to mention the record study visa's issued to India. "India first again. I’m delighted that Indian nationals were issued…

Yeah I wonder how the anti-immigration-reason leave-voters feel about that.
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