Cable Forum - Rising cost of living

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- - Rising cost of living (https://www.cableforum.uk/board/showthread.php?t=33710461)

Paul	18-08-2022 14:06

Re: Rising cost of living

Quote:

Originally Posted by Mr K (Post 36131562)

I thought we 'took back control' ?
What went wrong? :confused:

We are in control, leading the world again ;)

mrmistoffelees

18-08-2022 14:22

Re: Rising cost of living

Quote:

Originally Posted by Paul (Post 36131646)

We are in control, leading the world again ;)

In the way of 'he's playing all the right notes, just not necessarily in the right order' kind of way ? :)

Mr K	18-08-2022 14:37

Re: Rising cost of living

Quote:

Originally Posted by Paul (Post 36131646)

We are in control, leading the world again ;)

We're certainly the leading worst economy in the G7.

1andrew1

18-08-2022 18:00

Re: Rising cost of living

Quote:

Originally Posted by Mr K (Post 36131661)

We're certainly the leading worst economy in the G7.

Highest inflation of the G7 at the moment, but leading in being the first country to approve the Moderna vaccine.

Taf	18-08-2022 19:29

Re: Rising cost of living

Quote:

Originally Posted by 1andrew1 (Post 36131628)

I'm more intrigued about the three-year refit than the high prices that you get in convenience stores compared to supermarkets!

The previous franchisee left with large debts, including rent. The shop was stripped of stock and furniture a few days later. A sign went up "Closed During Renovations" and it stayed like that until this Spring when a team was seen working in there.

richard-john56

18-08-2022 19:52

Re: Rising cost of living

Quote:

Originally Posted by Taf (Post 36131618)

Whilst waiting for the missus, I nipped into a Spar that has reopened after a THREE YEAR REFIT.

I was gobsmacked by the prices.

250g of own brand butter £3.25!

A bog standard "cheapo" loaf of sliced bread £1.80!

A 4-pint bottle of skimmed milk £2.60!

Paracetamol 16 pack £1.20.

Wooo so expensive

Mr K	18-08-2022 20:24

Re: Rising cost of living

Quote:

Originally Posted by richard-john56 (Post 36131704)

Wooo so expensive

Yeah but there's only one 'local' shop in Cardiff so they can charge what they want :D

1andrew1

18-08-2022 20:29

Re: Rising cost of living

Quote:

Originally Posted by Taf (Post 36131703)

Lol, the old closed for refurbishment, check back soon lark. :D

Convenience stores have generally performed quite well since Covid but I suspect we're all going to be shopping around a bit more carefully now and they could take a hit.

TheDaddy

19-08-2022 09:22

Re: Rising cost of living

Quote:

Originally Posted by 1andrew1 (Post 36131713)

They small or independents won't survive the energy crisis, that's what will do for them, not shopping around

1andrew1

22-08-2022 10:29

Re: Rising cost of living

I hope this prediction does not come to pass! :shocked:

Quote:

Citi predicts UK inflation to hit 18.6%

Investment bank raises forecast as gas prices continue to surge

UK inflation is on course to rise to 18.6 per cent in January — the highest peak in almost half a century — due to soaring wholesale gas prices, according to a new forecast from Citi based on the latest market prices.

The investment bank predicted that the retail energy price cap would be raised to £4,567 in January and then £5,816 in April, compared with the current level of £1,971 a year — shifts it said would lead to inflation “entering the stratosphere”.

“We now expect CPI inflation to peak at over 18 per cent in January,” said Benjamin Nabarro, chief UK economist at Citi. That would be higher than the peak of inflation after the second Opec oil shock of 1979 when CPI reached 17.8 per cent, according to estimates from the Office for National Statistics.

Such a rate of inflation would squeeze household incomes hard and further push the UK economy into recession, but Nabarro said the scale of the likely inflation would push the Bank of England to tighten monetary policy further.

https://www.ft.com/content/778e65e1-...5-9d701eb29567

Mad Max

22-08-2022 14:41

Re: Rising cost of living

Panic merchants in full flow.

Mr K	22-08-2022 14:51

Re: Rising cost of living

Quote:

Originally Posted by Mad Max (Post 36132002)

Panic merchants in full flow.

Just like Project Fear and that was a load of... ooops it came true....

1andrew1

22-08-2022 15:48

Re: Rising cost of living

Quote:

Originally Posted by Mad Max (Post 36132002)

Panic merchants in full flow.

I hope you're right although that's what Conservative supporters said about inflation reaching double digits this year and look where we are now.

If the government can ensure that energy prices for businesses and consumers don't rise above 5% in the next 12 months I'll feel a lot more confident on your pronouncement.

Paul	22-08-2022 20:18

Re: Rising cost of living

Quote:

Originally Posted by Mr K (Post 36132003)

Just like Project Fear and that was a load of... ooops it came true....

Except it didnt.

Mr K	24-08-2022 18:10

Re: Rising cost of living

Top tip, buy your stamps now !
An industry source tells me RM are going to increase their charges massively in November due to 'unprecedented costs' . This is on top of their usual January increase.

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