Hacker News Board Hacker News, browsed like a classic message board
Live data from Hacker News

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

bbc.co.uk

Post reply on HN
Print view View original

61–70 of 364 posts

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

#61

Post by chrisseaton »

ChuckNorris89 wrote: post #47
chrisseaton wrote: post #26

Earlier quoted context omitted.

> This has e.g. happened with the Horizon Europe research program which Switzerland is no longer part of. That’s so self-destructive - surely the EU needs Switzerland’s powerful universities more than Switzerland needs Horizon?

Switzerland is also land locked by the EU. Surely Switzerland needs trucks with food, fuel, construction, raw materials and other essential imports, coming in on a regular basis more than the EU needs Switzerland's universities. You can't eat money or live in a house built from research papers to survive. I'm not saying EU would ever do something that radical, but my point is, the EU has far more screws to turn on Sw…

Yeah but why turn the screw with Horizon? The Swiss input far more into Horizon than they got out - more damaging to the EU than the Swiss - should have turned another screw.

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

#62

Post by HPsquared »

nemo44x wrote: post #15

The UK Pound collapsed for awhile there and only just now stabilized. But it is still far weaker than it has been for the last 20 years. So of course things cost more Sterling to purchase. Mix in global inflationary pressure and you have the situation as it is today.

It's a long-term trend.

https://fred.stlouisfed.org/graph/?g=WBkx

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

#63

Post by rayiner »

kergonath wrote: post #51
racktash wrote: post #25

I genuinely fear for the UK. It's going to be a very different country in ten years, and I fear it will be a weaker, poorer and more divided one. I don't know for sure what the main cause of our current problems is, but I know that it's not a single issue. Brexit, Covid-19 and the war with Russia – not one of these issues alone is the cause of our problems. My hope for the country rests in the fact that it still has…

It will be ok in the long term. It has the resources to overcome its current issues (most of them self-inflicted). However, the next decade or two might be quite difficult. To be fair, there is some justice in it. You (collectively, as a country, not you personally) cannot keep voting for the same failed ideologies and then complain when the consequences come. This needs to be the end of Toryism as it currently exist…

Blaming “Toryism” is pretty odd. You think the economic problems affecting the UK started in the last decade?

To me this seems to be the product of Blair-era Labour, which gutted the country by shipping jobs and industrial capacity to Eastern Europe and China.

Populist nationalism is rising throughout the western world. It’s a reaction to the failings of globalist liberalism, not the cause of those problems.

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

#64

Post by the_mitsuhiko »

chrisseaton wrote: post #58
bigbillheck wrote: post #44

Earlier quoted context omitted.

My understanding was that the EU has many universities.

They’re not anywhere near where the Swiss universities are if you look at the rankings.

That is true, but I believe this to be irrelevant for what is happening. Switzerland is not funding the shortfall which means that for researchers the game has changed as a result that topic is hot in Switzerland still, in the EU not.

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

#65

Post by gsatic »

jl6 wrote: post #53

The UK government is pulling financial levers as if this is a financial problem. But while there are several contributing factors, this is overwhelmingly an energy problem. The UK is 20 years behind where it needs to be in terms of nuclear, renewable and storage capacity. There is no silver bullet. It’s going to take 20 years to resolve, and that’s assuming they start today with an Apollo-program-level investment in…

I think the plan has always been - let London grow and let everything else wither away and die.

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

#66

Post by blibble »

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…

> 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 banana republic in a novel aimed at young teenagers.

that's funny as that's exactly what we think about the US (especially its political system)

this was particularly terrifying to watch: https://www.bbc.co.uk/news/av/world-us-canada-63417249

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

#68

Post by snoot »

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.

Supermarket shelves in the Bay Area are full enough, but many full product lines are missing.

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

#69

Post by blibble »

de_keyboard wrote: post #59
blibble wrote: post #52

Earlier quoted context omitted.

> London used to be the center of finance in Europe I think you'll find it still is, by quite a long way > now the EU sees an opportunity to grab that revenue / power. the EU hasn't even managed to pry Euro clearing out of London (despite trying extremely hard)

This is scheduled to leave in 2025.

yes, after being pushed back at least 5 times

and it'll be pushed back again

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

#70

Post by frereubu »

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…

The FT journalist Stephen Bush had a great tweet along these lines, although his point was more about how we write about other countries:

'Analysts believe that the return of 'Bambo' Johnson, the controversial strongman whose protectionist policies have been criticised for the country's sluggish growth rates, will bring little respite to the troubled country.'

https://twitter.com/stephenkb/status/1583375789630054400

Post reply on HN