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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

#71

Earlier quoted context omitted.

Hard brexit was not grounded in reality so ultimately this has to happen. The Conservatives should've stuck with May's compromise - now Labour are likely to take power.

A Labour Party that in most respects doesn't sound any different to their opponents.

Indeed, this labour party does not support strikes, supports clamping down on protest, etc. and when Labour parry was appreciably different, it was piloried in the press.

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

#72

Earlier quoted context omitted.

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

#73

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…

No you're right, the UK is done. Little to no industry left, they were a nation of bankers and multinationals that exploited their former colonies. But it's not because of Brexit, COVID or Russia. It's because they never adapted and the rich in their country cared more about maintaining status than improving the country.

Look at France and Germany: industry, tech, lots of "producing" businesses thrive. Paris has even overtaken London in finance. There's simply more ambition, innovation and energy.

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

#74

Earlier quoted context omitted.

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.

I have no idea of the Horizon situation, i was just explaining the leverage imbalance.

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

#75
post #49

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…

> 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. Only one of these issue is UK specific tho; so either your fears extend to the rest of Europe and/or the western world, or you can pinpoint the cause of your anxiety.

Exactly. All of Europe, and the world really, has had to deal with the pain (both economic and in lives) of Covid and the war in Ukraine.

But the severity of UK's problems are solely of their own making and are pretty much entirely due to Brexit, and the fallout from Brexit that caused by a string of ill-prepared "leaders".

That said, one reason I'm hopeful about the UK is that, compared to US politics, there is much less "tribalism", much more fluidity among how people will vote, and more willingness in your parties to vote for pragmatic policies when strict ideology fails. In the US most voters couldn't conceive of voting for the opposite party, such that most elections in the US come down to turnout and a small sliver of maybe 10ish percent of "swing voters".

In the UK, by comparison, after the sheer idiocy of Liz Truss, she was quickly canned, a much more realistic/pragmatic PM was installed (even if one disagrees with his overall political stance), and policies quickly changed. Also, at least in polling, there were huge swings in sentiment against Conservatives and towards Labour because Conservatives were (correctly in my opinion) being blamed for their massive fuckup.

I can't see the equivalent happening in the US.

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

#76
post #49

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…

> 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. Only one of these issue is UK specific tho; so either your fears extend to the rest of Europe and/or the western world, or you can pinpoint the cause of your anxiety.

I think the handling of Covid-19 (and there plenty of varied, legitimate criticisms to be made about that) is definitely a UK-specific issue. Not that the mistakes made by the UK weren't also made by other governments, of course.

As for fears for the rest of Europe – I don't doubt that the rest of Europe has problems. My worries are confined to the UK because that's where I live. (To be clear, this isn't me saying I don't care about other countries. But there's only so many problems a person can concern themselves with.) I think the country could very well cease to exist unless we figure a lot of problems out.

The three reasons I listed are the ones that people keep citing. I actually suspect that the UK's problems are longer term and more fundamental. I don't think it's related to either party, either. The Conservative Party of the last few years has not been good for the country, but I'm not convinced Labour will be able to fix our deep, societal problems, either.

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

#77
post #6

Earlier quoted context omitted.

after all this the UK is seriously proposing free movement of people (among a pile of other things) again?!

Hard brexit was not grounded in reality so ultimately this has to happen. The Conservatives should've stuck with May's compromise - now Labour are likely to take power.

Tories did end up supporting May's compromise, even some members of the ERG.

It was blocked by Labour and other parties.

It would have been the most practical way forward at the time. It would have been softer and better planned and with a better working relationship with the EU.

It would also have meant that Labour would have been in partial control of parliament for another 3 years as May's majority relied on people who hated her and was never going to last for every vote. Then we would have had another election this year not in 2019.

I honestly don't know what people were thinking at the time. It was obvious that not compromising would end in chaos.

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

#78
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.

Are they? I can’t say I’ve noticed it at all.

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

#79

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.

I’m very skeptical that Brexit’s negative consequences will ever be so unambiguous that people admit them. There will always be some non-Brexit excuse. Equally, remainers are too keen to blame everything on Brexit.

Reading the UK personal finance subreddit is really sobering. Most people’s idea of a high salary (even in good industries) is less than a mediocre junior dev salary in the US.

I feel extremely fortunate to have moved into tech when I did, but even there only American companies offer top tier wages. Are there any British companies competing with FAANGs on salary?

On the plus side, maybe inflation is good for indebtedness?

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

#80
post #31

Earlier quoted context omitted.

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.

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