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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

#191

Post by blibble »

recuter wrote: post #175
blibble wrote: post #142

Earlier quoted context omitted.

> 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 i…

> to what end? with no agreement from the UK government nothing will happen Obviously to exploit anti-union sentiments for political gain. > however its economic impact on leaving the UK would be more or less a non-event for the rest of the UK It would be followed by Ireland and the end of the union. England will find itself with a smaller population than Italy and similarly mired in political instability and infight…

> Obviously to exploit anti-union sentiments for political gain.

and how effective has this been?

if the UK government doesn't permit it: it doesn't happen, end of story.

> It would be followed by Ireland and the end of the union.

I have news for you, Ireland left in 1921

(if England does end up being independent again its citizens would be significantly better off as the subsidy to the other parts of the UK are quite considerable)

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

#192

Post by jamiegreen »

cjbgkagh wrote: post #176
jamiegreen wrote: post #124

Earlier quoted context omitted.

and go where exactly....

To paraphrase Peter Hitchens again; “If you can’t figure that out by yourself then you are too wet behind the ears to make it” It’s a big world out there with a lot of variety and the appropriate destination depends on a lot of individual factors.

Convenient way to avoid the question. Where would you go?

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

#193

Post by Silverback_VII »

slt2021 wrote: post #120
klelatti wrote: post #115

It might not seem like the biggest issue at the moment but the departure from fact based economics seems to me to underly lots of UK’s current issues. One example. They have to find Brexit benefits so we have pointless plans to depart from eu rules. Result is higher costs for businesses and uncertainty for anyone trying to plan. This allowed someone like Truss to get into power with a fantasy economic plan. You can w…

The whole Brexit was "Mess around & find out" thing. And looks like UK is in the "The more you mess around, the more you find out" stage, with every day they are finding out new things

It's the war in Ukraine and not Brexit in my opinion.

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

#194

Post by [deleted] »

mike_hearn wrote: post #162
klelatti wrote: post #115

It might not seem like the biggest issue at the moment but the departure from fact based economics seems to me to underly lots of UK’s current issues. One example. They have to find Brexit benefits so we have pointless plans to depart from eu rules. Result is higher costs for businesses and uncertainty for anyone trying to plan. This allowed someone like Truss to get into power with a fantasy economic plan. You can w…

This generic explanation for everything always gets posted to HN whenever the UK comes up in any capacity, but it isn't "fact based economics". Inflation is surging throughout Europe and the world. Trading Economics has a useful map that visualizes it: https://tradingeconomics.com/country-list/inflation-rate Inflation is high because governments printed enormous sums of money to fund lockdowns and furloughs. Helicopt…

[deleted]

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

#195

Post by recuter »

stavros wrote: post #154
recuter wrote: post #131

Earlier quoted context omitted.

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. I don't think I've heard this proverb used to justify vague predictions before. It's always been the (proper) meaning of "you were right, but only by accident". It's interesting to see it used in a "I know we've been saying that for eight years, but we'll be right at SOME point!" way.

The original is even a broken clock is right twice a day. Meaning sometimes clueless people eventually end up accidentally correct. At least that is my understanding of the proverb, I might just be a blind squirrel.

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

#196

Post by jahnu »

77pt77 wrote: post #133
jahnu wrote: post #125

Earlier quoted context omitted.

“Getting Brexit Done”, a terrible, debilitating disease. One of the worst symptoms has been “trade agreements at any cost” https://davidallengreen.com/2022/11/getting-any-quick-intern... “ All you have to do is turn up to the negotiation, ask what the other side’s negotiators want, give it to them, and – Hey Peston! – the United Kingdom has a trade agreement.”

Which is the opposite of what Brexit proponents claimed. They claimed the UK was so essential that it could dictate its own terms with both the EU and other trade partners.

And the whole sorry story is bad enough, but what really gets me angry is that there have been no meaningful consequences for those that lied or were badly wrong. There has been no acknowledgement or change of heart.

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

#197

Post by mhh__ »

andyjohnson0 wrote: post #106
blibble wrote: post #92

Earlier quoted context omitted.

> Paris has even overtaken London in finance citation please? in terms of financial centres: NYC is first, followed by London (and they swap places every so often) down at number 15 or so is Paris

> citation please? London Loses Crown of Biggest European Stock Market to Paris - 14 November 2022 https://www.bloomberg.com/news/articles/2022-11-14/london-lo...

London has never really been an equities place to my knowledge.

Ever noticed that the L in LIBOR stands for London?

Interest rates and money (FX) (money can also refer to short term rates but KISS) is very much still London's thing especially relative to other European cities.

Aside: French engineering talent is massively underappreciated.

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

#198

Post by mike_hearn »

pjc50 wrote: post #109
rayiner wrote: post #63

Earlier quoted context omitted.

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.

> jobs and industrial capacity to Eastern Europe and China No, that definitely was the 80s.

China was only just opening up in the 80s - Deng Xiaoping was reforming China towards capitalism throughout the Thatcher years, but yes its big rise in the 90s slightly pre-dates Blair.

Eastern Europe wasn't open to any serious trade in the 80s because it was behind the iron curtain. What rayiner means is that the UK under Labor didn't engage transitional immigration controls like other EU countries did, which combined with being an English-language-first market meant that once the ex-Soviet states were able to join the EU much larger numbers of people migrated from eastern Europe to the UK than in other countries, and then started competing/taking the lower paid jobs. This was a deliberate decision by Labour.

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

#199

Post by stavros »

recuter wrote: post #195
stavros wrote: post #154

Earlier quoted context omitted.

> A broken clock is right twice a day and all that. I don't think I've heard this proverb used to justify vague predictions before. It's always been the (proper) meaning of "you were right, but only by accident". It's interesting to see it used in a "I know we've been saying that for eight years, but we'll be right at SOME point!" way.

The original is even a broken clock is right twice a day. Meaning sometimes clueless people eventually end up accidentally correct. At least that is my understanding of the proverb, I might just be a blind squirrel.

Yeah, that's my understanding as well. Maybe I misunderstood your usage of it, which, on re-reading your comment, seems likely.

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

#200

Post by phatfish »

nivenkos wrote: post #151
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…

Germany is incredibly backward compared to the UK - they're still using faxes and cash for a start.

I'll take the "backward" German economy over the financial house of cards the UK economy is build on.
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