Thread: Rising cost of living
View Single Post
Old 19-10-2021, 19:19   #83
1andrew1
cf.mega poster
 
Join Date: Dec 2013
Posts: 15,268
1andrew1 is cast in bronze1andrew1 is cast in bronze1andrew1 is cast in bronze1andrew1 is cast in bronze
1andrew1 is cast in bronze1andrew1 is cast in bronze1andrew1 is cast in bronze1andrew1 is cast in bronze1andrew1 is cast in bronze1andrew1 is cast in bronze1andrew1 is cast in bronze1andrew1 is cast in bronze1andrew1 is cast in bronze1andrew1 is cast in bronze1andrew1 is cast in bronze1andrew1 is cast in bronze1andrew1 is cast in bronze1andrew1 is cast in bronze1andrew1 is cast in bronze1andrew1 is cast in bronze1andrew1 is cast in bronze1andrew1 is cast in bronze1andrew1 is cast in bronze
Re: Rising cost of living
Less likely to get any spare change from our food bills.
Quote:
Food and drink firms are seeing "terrifying" price rises says the sector trade body, which has warned about a knock-on effect for consumers.

Food and Drink Federation boss Ian Wright told MPs inflation is running between 14%-18% for hospitality firms.

The price rises for food firms' ingredients would lead to consumer price rises, he said and described the situation as concerning.

The UK's rate of inflation was 3.2% in August and is expected to rise further.

Bank of England governor Andrew Bailey recently warned it "will have to act", suggesting that UK interest rates may soon rise from the historic low of 0.1%.

Mr Wright told MPs on the Business, Energy and Industrial Strategy select committee: "Inflation is a bigger scourge than anything else because it discriminates against the poor."
https://www.bbc.co.uk/news/business-58962049
1andrew1 is offline   Reply With Quote