Britain faces double digit inflation for the first time in 40 years.
The price of basics is going up like a rocket .
The Cost of Living is a crisis, leading to increased poverty, at a time of the highest taxes for 70 years.
Yet Airports are jammed as flights are cancelled due to Coronavirus illness amongst flight crews. People have money to get away and spread their germs. Boris Brexit Britain is in a complete shambles Overall UK Poverty rates | JRF - Joseph Rowntree Foundation
More than one in five of the UK population (22%) are in poverty– 14.5 million people. Of these, 8.1 million are working-age adults, 4.3 million are children and 2.1 million are pensioners.
The Govt dispute the poverty figures. The Govt blames inflation as a global issue. The Govt is saying it is doing all that it can to ease the burdens of energy price hikes and food. BUT, the Government has brought this onto the British Public, it is they that are to blame.
Brexit and Brexodus was never going to bring lower prices. You cannot lose lorry drivers delivering petrol, and food, without repercussions. Brexodus saw thousands of lorry drivers go back to their homes in Europe. It saw fruit pickers, food packers, hospitality trade workers go too. Wages had to go up to attract employees, address the vacancies. Empty shelves were visible in supermarkets. Those wage increases had to be passed onto the consumer. Same with electricity and gas. There is an insufficient cap on domestic supplies that have seen a price rise of a staggering 54%. BUT businesses do not have the luxury of a price cap at all, so again the costs are passed onto the consumer at the end of the supply chain. Just the cardboard box for 6 eggs has gone up 15%. Now Britain is one of the worse sufferers of inflation in Europe. Mainly because of Brexit.
You cannot lose staff, introduce trade barriers and red tape without creating increased costs. So although France has the same global issues as Britain, it has not got Brexit, and inflation is at 4% not 8% as in their neighbour’s country 21 miles away. France is still part of the richest trade block in the world, still benefits from free trade, free movement of workers, and a healthier economy. France has limited electricity charges and the cost of petrol, as have other EU countries.
Contrast that with Boris Brexit Britain, whose balance of payments has slumped through a nose dive of exports . Quite frankly Boris Brexit Britain has gone back to the 1970s when Britain was not in Europe. It had rampant inflation, unemployment and high interest rates. Britain only recovered when it joined a single market at a cost of 37p per day per head of population. In return it gained from environmental and consumer protection laws, for the people, plus billions invested in regional development. It enjoyed unity, peace as well as prosperity, just as Churchill envisaged in 1949 .
All that was thrown away by the commission of the greatest self inflicted economic suicide in peace time.
Yet the Politicians in 2016, told you it would be oh so different and to ignore the experts who predicted what has happened NOW.
Politicians who had tax haven vested interests. A Leave Campaigner Boris Johnson, former Telegraph columnist who wrote fake news about the EU. Tory Newspapers that told their readers to vote Leave as if they were printing pages for sheep.
Listen to experts who have passed examinations, or listen to Politicians who are not the full monty and you get what you deserve. Trouble is you inflict your ignorance and stupidity on everybody else.
I have A level and O level economics and could do better than Boris and his sycophants.
Now many cannot afford to heat and eat, price of milk is going up as well as bread and eggs. This is not just because of a Ukraine War, this is because you cannot trust the economy with the Tories. Tory MPs who do not even know the price of a loaf, a pint of milk and a dozen eggs. It is always the poorest and the most vulnerable that suffer worse.
The Brexit Bonanza that was just a fairy tale, a myth. Even the financial markets told you as the £ plummeted against the Euro on 24th June 2016 by 25%.
BREXODUS
Reality v Illusion
A Graphic illustration of Boris Britain in Dire Straits
Conclusion
It’s beginning to look a lot like Brexit’: Britain has missed a World trade upturn.
"As far as trade is concerned, things are panning out in the manner once stupidly dismissed as “Project Fear”. And we will be poorer as a result." The UK missed a strong World trade upturn ahead of the Russian invasion due to a “disengagement from international” commerce, the Times has reported.
A £129.4 billion deficit in trade in goods widened to £155.4 billion last year – ten times what it was a quarter of a century ago – and one that is likely to grow given the surge in oil and imported gas prices.
Worries over the UK’s “disengagement from international trade” have also been highlighted by the Office for Budget Responsibility (OBR).
While every other big economy member of the G7 has seen a recovery in trade intensity — trade as a proportion of GDP — from the low point of the Covid pandemic in 2020, the UK’s trade intensity is now down even from that nadir.
World trade in goods and services grew by a hefty 9.3 per cent in volume terms last year, according to the International Monetary Fund.
Yet UK exports of goods and services fell by 1.2 per cent on a balance of payments basis.
As such, the OBR is still sticking to its view that Brexit will result in a 15 per cent drop in the UK’s trade intensity.
AND it is YOU that will suffer, even if you have a credit card to pay and take the kids on holiday
https://www.thetimes.co.uk/article/uk-exporters-are-struggling-brexit-ukraine-comment-r6x3t3mhd
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