Rising cost of living

Originally Posted by Mr K

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

We are in control, leading the world again

[mrmistoffelees]

Originally Posted by Paul

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]

Originally Posted by Paul

We are in control, leading the world again

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

[1andrew1]

Originally Posted by Mr K

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]

Originally Posted by 1andrew1

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]

Originally Posted by Taf

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]

Originally Posted by richard-john56

Wooo so expensive

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

[1andrew1]

Originally Posted by Taf

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.

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

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]

Originally Posted by 1andrew1

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

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.

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

[1andrew1]

I hope this prediction does not come to pass!

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]

Panic merchants in full flow.

[Mr K]

Originally Posted by Mad Max

Panic merchants in full flow.

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

[1andrew1]

Originally Posted by Mad Max

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.

Originally Posted by Mr K

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

Except it didnt.

[Mr K]

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.