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

141–150 of 364 posts

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

#141

Post by lotsofpulp »

rayiner wrote: post #63
kergonath wrote: post #51

Earlier quoted context omitted.

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.

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

Was there any alternative to 6B people in the developing world offering to sell their labor and environment for less than the 1B people in the developed world? Arbitrage opportunities cannot go on forever without being outcompeted.

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

#142

Post by blibble »

recuter wrote: post #131
blibble wrote: post #95

Earlier quoted context omitted.

> Proposed Scottish independence is 12 months away. the SNP have been saying this since the first vote in 2014

A broken clock is right twice a day and all that. But the key point is 'if a referendum were blocked, they would fight the next general election as a referendum instead'. If an actual referendum was allowed and held today it would perhaps be a toss up. But two harsh winters from now if the economy is still spiraling it will be a foregone conclusion. Point being why would anyone invest in Scotland or the rest of the U…

> A broken clock is right twice a day and all that. But the key point is 'if a referendum were blocked, they would fight the next general election as a referendum instead'.

to what end? with no agreement from the UK government nothing will happen

> Point being why would anyone invest in Scotland or the rest of the UK during such tumultuous times?

there's no doubt it hurts investment in Scotland

however its economic impact on leaving the UK would be more or less a non-event for the rest of the UK

(Scotland's share of UK GDP being less than the UK's share of EU GDP)

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

#143

Post by r_hoods_ghost »

kesor wrote: post #114
r_hoods_ghost wrote: post #83

Earlier quoted context omitted.

Well there are many reasons, but one of the major ones is that the last time the ruling party in the UK won a majority of the popular vote was, drumroll... 1931. The FPTP system essentially means that elections are decided by a small number of people living in marginal seats, that usually straddle poor urban and wealthy rural areas and so that is who (successful) politician's messages and policies are targeted at. It…

You assume that a government in an elected democracy will solve anything or be any better than the current situation. This has proven to be false over and over again in history. The only countries that flourished and had tremendous economic growth, are those who had a period of more personal freedom and an almost non-existent government. The more government you have, the less can the human spirit succeed in moving th…

Communist China says hi! And the British Empire was hardly a bastion of freedom and yet kickstarted the industrial revolution. Even the USSR, for all ita horrific flaws and mass murdering ways turned the Russian Empire from an agrarian one to an industrial powerhouse in 2 decades.

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

#144

Post by Mikeb85 »

ekianjo wrote: post #103
Mikeb85 wrote: post #73

Earlier quoted context omitted.

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…

France has ambition? France has the only ambition to barely function as a country and not much else.

France has plenty of multinationals, produces research, startups, propagates culture, etc... Yes, by European standards France has tons of ambition.

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

#145

Post by blibble »

etiennemarcel wrote: post #130
cjbgkagh wrote: post #112

Earlier quoted context omitted.

France lost a few African colonies (protectorates?) recently, something there has been surprisingly little mainstream news about. People forget that France is still running a mini empire quietly on the side.

What colonies are you referring too? The last one was Djibouti in 77...

go and have a read about the CFA franc

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

#146

Post by Mikeb85 »

blibble wrote: post #111
retrac98 wrote: post #105

Earlier quoted context omitted.

https://uk.finance.yahoo.com/news/paris-london-stock-market-...

quite what the summed market caps of companies traded on a single exchange has to do with the size or competitiveness of the UK financial sector I really don't understand Apple's market cap alone is larger than the entire LSE, and Paris exchange

You do realize the US is a MAJOR outlier, right?

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

#147

Post by kergonath »

rayiner wrote: post #63
kergonath wrote: post #51

Earlier quoted context omitted.

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.

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

New Labour was a short interlude. No, the problems did not start this decade. You can see the roots in the 1980s, when London was more or less set up as Europe’s financial district at the expense of the rest of the country. Of course, some roots run even deeper, like the Empire thing and the whole class structure.

> 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.

They did not help, true (and the Iraq war was much worse in terms of consequences, it killed any alternative to the conservatives for a decade and amplified the divisions without the Labour Party). But it’s disingenuous to blame them for the country’s de-industrialisation.

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

Populist nationalism is really not a new thing, it’s a tool that is used quite regularly. What’s almost unique to the UK and the US is how it corrupted a mainstream party, thus creeping into the heart of government. True, it’s worse in Hungary and Poland (and Russia), but that’s not setting the bar very high.

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

#148

Post by mnd999 »

blibble wrote: post #39
mnd999 wrote: post #4

Earlier quoted context omitted.

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...

As someone else mentioned, this was the government floating the idea to see how it went down. This has been their MO for some time.

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

#149

Post by stavros »

cjbgkagh wrote: post #84
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…

I fear that this time it’s terminal. I’ve been advising my friends to leave the UK for over ten years. To paraphrase Peter Hitchens, “I’ve never seen a more doomed society and I lived in Russia during the fall of USSR”

What does this mean, in real terms? Descent into poverty, or what?

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

#150

Post by stavros »

jamiegreen wrote: post #124
cjbgkagh wrote: post #84

Earlier quoted context omitted.

I fear that this time it’s terminal. I’ve been advising my friends to leave the UK for over ten years. To paraphrase Peter Hitchens, “I’ve never seen a more doomed society and I lived in Russia during the fall of USSR”

and go where exactly....

I feel bad for people who voted against Brexit. Now they have nowhere to go, even if they do want to leave.
Post reply on HN