It's alright higher wages are coming....
....that's what we were told right?
Rest of the thread from Faisal is worth a look too.
Higher wages, but even higher inflation.
Anyone under the age of 40 never had a working life in a high inflation economy. There's going to be a steep learning curve!
Was Brexit cancelled then?“Monetary policy cant increase the supply of chips and can’t affect the wind speed,” says Bailey pointing out the BoE’s rate decisions cant affect some of the fundamental drivers of current high inflation…
The inflationary pressures are solely down to the pandemic.
Without any pay rises at all, costs have gone up. Petrol at over £6.54 a gallon & utility bills going up, a 3.1% CPI increase will not cover NMW pay rises for any business that is fixed to CPI. Let alone it is 5 months to April when most pay rises kick in, when a 10% hike to NI, freeze on Tax thresholds and Council tax increases of 4.9%.
People will be considerably worse off.
Was Brexit cancelled then?
Your previous post wrote "The inflationary pressures are solely down to the pandemic."This is the real picture.What Do Post-COVID Supply Chains Look Like?
Businesses in all sectors need to move to a new normal for supply chains — here's what to expect.www.brinknews.com
Supply chain disruptions and shortages are continuing to happen because of the dramatic upturn in economies, a release of bottled-up consumer spending.
Events like the blockage of the Suez Canal earlier this year had a heightened impact because it was a case of disruption on disruption.
A question mark also remains over whether the surge in demand for products is real or just a bubble of stockpiling as businesses fill their stock rooms to pre-empt recovery. The danger is that customer demand doesn’t or won’t exist on the same scale and we enter a boom-and-bust cycle.
My estimation is the above is almost certainly true.
The lockdown period has meant a return by populations to focusing on the base areas of Maslow’s hierarchy of needs: food, housing, health care products and, in the 21st century, our need for WiFi and digital connectivity.
There’s the likelihood that in the post-COVID-19 period, at least initially, consumers will feel psychologically attached to these behaviors. Having become used to home delivery, associating them with convenience and safety, it may well be that these models persist and become a larger, more established part of consumer expectations. But there have been associated cost implications for business, with so many home delivery services being provided free or at an uneconomically viable low cost.Coronavirus Is Changing Global Supply Chains in Unexpected Ways
In the fallout from COVID-19, there will be multiple changes in businesses, including new levels of flexibility and adaptability when managing supply chains.www.brinknews.com
There's definitely a shift in consumer behaviour, and businesses have to adapt to the current needs of serving people during a pandemic.
Min 5 yrs to even begin to fall back to some semblance of 'New', normal business-consumer relationships.
The Era of the bargain is over, the boomers are in a for a big shock.
It's not possible to quantify Brexit across the whole market when the pandemic has quite clearly had a dramatic effect on supply chains.Your previous post wrote "The inflationary pressures are solely down to the pandemic."
That means you think that all the additional costs imposed on business by Brexit would just be absorbed with no increase in prices. That is very unrealistic. Posting reports about Covid based inflation doesn't claim that Brexit will have no effect on inflation. The two are independent.
You are still clinging to the same unrealistic assumption.It's not possible to quantify Brexit across the whole market when the pandemic has quite clearly had a dramatic effect on supply chains.
We know this for a fact.
There are very few on the thread commenting on global supply chain issues, noticing a box of bran flakes rising in price connecting that with the 'Tories-Brexit' isn't a valid analysis.
The bit highlighted in bold is just made up nonsense.
business and industry won't stand for it.
The lockdown period has meant a return by populations to focusing on the base areas of Maslow’s hierarchy of needs: food, housing, health care products and, in the 21st century, our need for WiFi and digital connectivity.
There’s the likelihood that in the post-COVID-19 period, at least initially, consumers will feel psychologically attached to these behaviors. Having become used to home delivery, associating them with convenience and safety, it may well be that these models persist and become a larger, more established part of consumer expectations. But there have been associated cost implications for business, with so many home delivery services being provided free or at an uneconomically viable low cost.Coronavirus Is Changing Global Supply Chains in Unexpected Ways
In the fallout from COVID-19, there will be multiple changes in businesses, including new levels of flexibility and adaptability when managing supply chains.www.brinknews.com
There's definitely a shift in consumer behaviour, and businesses have to adapt to the current needs of serving people during a pandemic.
Min 5 yrs to even begin to fall back to some semblance of 'New', normal business-consumer relationships.
The Era of the bargain is over, the boomers are in a for a big shock.
I'm afraid enough voters to keep this government in power will stand for it.
There is no counter Brexit argument, because Brexit is an ideology, a faith.
If you're a true believer, no evidence can sway you. When the leader of the country is your religion's high priest, no act, however appalling, will turn you from the cause.
That's why Brexit must be a never-ending journey.
We can never get Brexit done. Partly because it was always a fantasy destination, but also because if we did so, if we arrived at sunlit uplands, Brexit's architects would run out of road. They'd have no fantasy left to peddle, no resentment left to exploit.
I'm afraid enough voters to keep this government in power will stand for it.
There is no counter Brexit argument, because Brexit is an ideology, a faith.
If you're a true believer, no evidence can sway you. When the leader of the country is your religion's high priest, no act, however appalling, will turn you from the cause.
That's why Brexit must be a never-ending journey.
We can never get Brexit done. Partly because it was always a fantasy destination, but also because if we did so, if we arrived at sunlit uplands, Brexit's architects would run out of road. They'd have no fantasy left to peddle, no resentment left to exploit.
books are essentialI agree with this.
When non-essential shops were closed for 3 months or so, a lot of people must have realised how little they needed all sorts of stuff and how easy it is to get the stuff they really do need online.
The only "non-essential" items I bought during the first lockdown were books.
Hard to argue against this...
Hard to argue against this...
It doesn't? - so Russia getting the royalties, taxes and jobs that would otherwise come to the UK does not matter - why?Very easy to argue against it actually.
It doesn't matter where the gas comes from,
the (realistic) alternative is?Being energy self sufficient isn't the same as extracting more gas