Business UK
UK ministers discuss voluntary price limits for basic foods | ‘Economists would say this is bonkers’
#costofliving #ministers
‘It doesn’t really look like the Government is going to go ahead with this as a serious proposal… economists across the spectrum would regard this as frankly bonkers.’
Professor of Economics Jonathan Portes discusses ministers planning to voluntarily cap the price of basic food items in an effort to ease the UK’s cost-of-living squeeze.
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Donald Trump hails “extremely positive and productive conversations” with China as the President speaks at a state banquet with the Chinese President Xi Jinping in Beijing.
#DonaldTrump #China #WorldPolitics #WorldNews #GBNews
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Watch as Will Kensington expresses concern about the state of the UK, arguing that Downing Street is no longer a place of power but has instead become Britain’s most expensive Airbnb.
This comes as Andy Burnham is set to become the UK’s seventh Prime Minister in a decade, with seemingly no one challenging the “King of the North” for the country’s top job.
#Labour #PrimeMinister #KeirStarmer #UKNews #GBNews
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Business UK
Cabinet Office DEMANDS LGBT and ethnic figures on bank notes over DIVERSITY – ‘RIDICULOUS!’
Beat the system with TallyMoney. Gold you can spend. To get 50% off your activation fee, use code GBN50 on the activation screen https://click.tallymoney.com/A64P/xxtvsx6r #ad
‘We have real pressing financial issues as a country. I find focus on stuff like this quite ridiculous!’
Nana Akua hits out at the Cabinet Office’s suggestion that banknotes should featurre prominent ethnic or LGBT figures from British history.
#cabinetoffice #lgbt #uknews #ukpolitics #gbnews
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France holds annual Bastille Day parade with different military regiments with foreign troops included. President Emmanuel Macron has invited leaders from The Coalition of The Willing to watch parade.
#paris #bastille #french #zelensky
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@julianpenfold1638
January 13, 2024 at 2:16 pm
It worked so well in Venezuela.
@EuroWarsOrg
January 13, 2024 at 2:16 pm
MIGRANT QUOTAS WERE ALSO "VOLUNTARY" AT FIRST! NOW THEY ARE "INTERNATIONAL OBLIGATIONS"!
@Canigetanawwwwyyyyeeeah
January 13, 2024 at 2:16 pm
the greedy idiots. not how it works. that's exactly how it works. supermarkets undercutting farmers and buying cheaper abroad and selling our produce to other countries. gred greed greed. totally could drop the price. we should not suffer because of conglomerates greed.
@techtinkerin
January 13, 2024 at 2:16 pm
Lol voluntary now is it, what a p take
@firstnamelastname4722
January 13, 2024 at 2:16 pm
Its not brexit
Its lining the pockets of all your pedophile high pro friends and when the next generation of Savilles or scofields has enough shh funds thats when prices drop for the sheep.
Edit ready for the movement
@JoE-sl8vp
January 13, 2024 at 2:16 pm
Britain is overpopulated. We cannot feed everyone and we dont make much anymore. National Debt level is massive and they have printed massive amounts of money. Socialism always leads to dictatorship. And the morons have spent 5 billion on the ukraine war. Fighting over an area where most people are Russian.
@bamboozooka3168
January 13, 2024 at 2:16 pm
what happen when they capped tuition fees? it trebled. what happen when they capped energy prices? it trebled. price caps are bllx.
@johnwayne1464
January 13, 2024 at 2:16 pm
There is no BREXIT.
@mikeharland3358
January 13, 2024 at 2:16 pm
Nigel, why has Brexit been a complete disaster for the uk. We have the worst performing economy in the modern countries of the world. All you ever have to say are negative things. All the things you said about Brexit were wrong. You are trapped within your own petty racist ideas. Nothing you ever say will make things better. You are a legend in your own mind trying to match an ego which has do so much to hamper the uk. You attack the Tories, a government which you with the UKIP and Brexit parties helped bring to power. It’s time to apologise to the people of the uk and be gone. You have done so much damage .
@phucknuts.7065
January 13, 2024 at 2:16 pm
We in Northern Ireland are still in europe and our food is up. Its nothing to do with brexit. Its remainer government politicians and their crappy policies
@PedroRodrigues-xf4mo
January 13, 2024 at 2:16 pm
Putting price cap will only rise the price and create shortage for food supply this is stupid
@asifch2230
January 13, 2024 at 2:16 pm
This is not going to help
@robinelliott-ni2eh
January 13, 2024 at 2:16 pm
Isnt this what the soviets did… communism? Reduce competition for the poorest regarding housing and job, advertise the importance of traditional parenting and remove minimum wage so people can gain skills easier then people wont need handouts.
@stevenwileman2443
January 13, 2024 at 2:16 pm
Why not? Many countries do this. Is the UK too arrogant to do this?
@luisluis5306
January 13, 2024 at 2:16 pm
commie remainer guest
@120poundsound2
January 13, 2024 at 2:16 pm
Government incompetence has nothing to do with it surely?
@gregmoore167
January 13, 2024 at 2:16 pm
They tried price caps on bread just before the French Revolution!
@The_Signularity_is_coming
January 13, 2024 at 2:16 pm
Didn't vote for Brexit, but we are where we are. It was always going to cost us and there was always going to be a period of maybe 10 years of higher prices, but! The governments lake of strength and drawn out negotiations, I feel, have made it worse than it may well have been. Just saying.
@joancooley1387
January 13, 2024 at 2:16 pm
This country is in the hands of voluntary nut jobs that cost a fortune. People don’t pay tax , it’s a Voluntary contribution to the voluntary charity that calls itself a government.
@amfearliathmor9747
January 13, 2024 at 2:16 pm
With food inflation typically around 50% in the last year in the UK, the Powers that be (World Economic Forum Government penetrations and corporate partners) will eventually introduce price controls, which will begin to limit food production (cannot make a profit with the input costs) and agriculture further shrinking the supply side and will lead to hyperinflationary pressure and a real shortage of food. Another way of adding to the ESG and NetZero (no industrial fertilizer production reducing agricultural yields and farmland production restrictions as in the Netherlands) induced UK Holodomor.
@johnfoster7428
January 13, 2024 at 2:16 pm
I run a food business. OUR inflation has been caused by a multitude of factors:
Increased gas and electricity costs by 350% We had to contract at a very high price else face shutting the factory. Those contracts will not ease for several months even as wholesale prices drop. Energy is 3% – 4% of the selling price of our product. 350% of 3% = 10.5% inflation on the food
Higher wage costs lead by the minimum wage increase. In our business wages are 43% of the selling price. Although our firm pays more than the minimum wage, it set a benchmark for all pay increases. 43% of 9.7% = 4.1% inflation on the food. Unless people want a pay cut this inflationary factor will be "sticky"
A number of our ingredients are made from commodities where Ukraine was a big world producer. This shortage has caused higher prices which will prevail (at least in part) until stability resumes. We have seen prices more than double on many ingredients so affected.
Packaging costs went up massively because Russia was a big supplier of wood to make cardboard.
Several farmers have reduced production because high fuel and fertilizer costs – Russia was a big supplier for both. Fewer farmers farming means higher prices and it takes a year to get the next crop on many commodities.
We use lots of eggs. Bird flu has decimated egg production in the UK resulting in much higher prices – this isn't cured overnight – so prices remain high.
Some of our competitors went bust due to covid lockdowns, adding to the shortage and pressurising prices upwards.
We have greater absenteeism among staff (so higher sick pay). I have never seen so many poorly colleagues a few who are now very poorly due to lack of early diagnosis in covid and some who can't get timely treatment because the NHS is in such a mess.
We are having no problem with our imports or exports with Europe. The extra paperwork for us is almost just a different box to tick on the computer.
The only place we've had trouble supplying is Northern Ireland and THAT IS brexit incompetence related.
@razkhan2958
January 13, 2024 at 2:16 pm
Cost for living crisis and the high inflation rate is high? UK is higher than Europe countries
@ellebarratt5522
January 13, 2024 at 2:16 pm
We are run by absolute muppets.
@kenhuntley0707
January 13, 2024 at 2:16 pm
How about you stop supporting the war in Ukraine because Biden has told you to and then stop importing all of the 3rd world because the UN and King Charles have told you to and stop restricting our freedoms because the WEF and King Charles has told you to and start looking after the British people. Remember them!? the people who voted you in and pay your undeserved salaries
@CallmeKenneth-tb1zb
January 13, 2024 at 2:16 pm
Can we accept that Brexit has been an unmitigated failure without saying leaving the EU was the wrong move? Brexit has failed because of the people in charge of making it a success have failed to do so. In fact stating that Brexit has been an unmitigated failure is a commendation of this government. They had one job and were handed an 83 seat majority to make sure it happened, and they still failed. Brexit is a failure, but only because those in charge never believed in leaving the EU.
@pessi6185
January 13, 2024 at 2:16 pm
Food inflation G7 v BRICS
G7
🇺🇲 USA: 7.7%
🇨🇦 Canada: 8.3%
🇬🇧 Britain: 19.1%
🇩🇪 Germany: 16.8%
🇫🇷 France: 14.9%
🇮🇹 Italy: 12.1%
🇯🇵 Japan: 8.4%
BRICS
🇧🇷 Brazil: 5.88%
🇷🇺 Russia: 0.01%
🇮🇳 India: 3.84%
🇨🇳 China: 0.4%
🇿🇦 South Africa: 14%
Multipolar World anyone? 😂
@notjustforhackers4252
January 13, 2024 at 2:16 pm
But they say nothing about reinvigorating British farming, nothing about ending reliance on imports… nothing on better wages, nothing on capping rents, nothing on preventing landlords from buying stock…. nothing on deporting hotel residents… nothing on the billion here, the billion there to foreign nations…. nothing on massive public money waste…… wankers.
@cheds1
January 13, 2024 at 2:16 pm
This is how the French Revolution started. Let’s do it
@BlueSteel331
January 13, 2024 at 2:16 pm
I don't see any reason why food inflation should be at nearly 20% = looks like blatant profiteering and price gouging is going on here….they always rise prices in an instant but are extremely reluctant to reduce prices again.
@barneymagee3285
January 13, 2024 at 2:16 pm
How about cutting funding for foreign wars , and foreign aid.
@gigi6374
January 13, 2024 at 2:16 pm
First the government adds on all these taxes and restrictions for farmers, then they want them to operate at a lose? Bring common sense back; it seems to be in short supply everywhere these days