Realistbear Posted March 8, 2011 Share Posted March 8, 2011 (edited) http://uk.finance.yahoo.com/news/Food-prices-rising-faster-tele-1842196334.html?x=0 Food prices rising faster in Britain than rest of Europe Harry Wallop, 12:54, Tuesday 8 March 2011 Food prices are rising three times as fast in Britain than the rest of Europe (Chicago Options: ^REURTRUSD - news) , raising fears that supermarkets in this country are taking advantage of global food inflation . Seems we have the world's biggest share of gangsters gouging grocers and other assorted cutpurses and blaggards. What a 'kin country this has become and we just put up with it as our politicians just tell us to be quiet and remember we are all in it together and to expect to not be able to afford much as its austerity time while the banks fatten themselves at our expense. Edited March 8, 2011 by Realistbear Quote Link to comment Share on other sites More sharing options...
Patfig Posted March 8, 2011 Share Posted March 8, 2011 http://uk.finance.yahoo.com/news/Food-prices-rising-faster-tele-1842196334.html?x=0 Food prices rising faster in Britain than rest of Europe Harry Wallop, 12:54, Tuesday 8 March 2011 Food prices are rising three times as fast in Britain than the rest of Europe (Chicago Options: ^REURTRUSD - news) , raising fears that supermarkets in this country are taking advantage of global food inflation . Seems we have the world's share of gangsters gouging grocers and other assorted cutpurses and blaggards. What a 'kin country this has become and we just put up with it as our politicians just tell us to be quiet and remember we are all in it together and to expect to not be able to afford much as its austerity time while the banks fatten themselves at our expense. Dont worry there will be a load of cheap breakfast cereals coming to th shops soon Quote Link to comment Share on other sites More sharing options...
Injin Posted March 8, 2011 Share Posted March 8, 2011 http://news.bbc.co.uk/1/hi/business/7924506.stm UK interest rates are currently at 0.5% - the lowest level in the Bank of England's 315-year history.The dramatic series of cuts was aimed at easing the credit crunch and getting the banks to lend again. But that did not happen, at least not to the extent that the Bank thought was necessary to revive consumer spending and economic growth. So the Bank has expanded the amount of money in the system by £200bn through a process known as "quantitative easing". The way the central bank does this is by buying assets - usually financial assets such as government and corporate bonds - using money it has simply created out of thin air. Blame Mervyn King. Quote Link to comment Share on other sites More sharing options...
The Knimbies who say No Posted March 8, 2011 Share Posted March 8, 2011 http://uk.finance.yahoo.com/news/Food-prices-rising-faster-tele-1842196334.html?x=0 Food prices rising faster in Britain than rest of Europe Harry Wallop, 12:54, Tuesday 8 March 2011 Food prices are rising three times as fast in Britain than the rest of Europe (Chicago Options: ^REURTRUSD - news) , raising fears that supermarkets in this country are taking advantage of global food inflation . Seems we have the world's biggest share of gangsters gouging grocers and other assorted cutpurses and blaggards. What a 'kin country this has become and we just put up with it as our politicians just tell us to be quiet and remember we are all in it together and to expect to not be able to afford much as its austerity time while the banks fatten themselves at our expense. yup, prices have/are increasing at an astonishing rate. Quote Link to comment Share on other sites More sharing options...
Tortoise Posted March 8, 2011 Share Posted March 8, 2011 Its the British foolish and astounding passivity which leads to us having the major P taken out of us No wonder they call us Treasure Island Quote Link to comment Share on other sites More sharing options...
Dorkins Posted March 8, 2011 Share Posted March 8, 2011 Food is cheap in the UK. An adult can eat very well on 3 hours' minimum wage a week if he knows how to cook. If people are feeling poor, it probably has a lot more to do with the direct taxes and housing costs that take up 70%+ of their gross income. Quote Link to comment Share on other sites More sharing options...
Timak Posted March 8, 2011 Share Posted March 8, 2011 Food is cheap in the UK. An adult can eat very well on 3 hours' minimum wage a week if he knows how to cook. If people are feeling poor, it probably has a lot more to do with the direct taxes and housing costs that take up 70%+ of their gross income. Agreed - go to a French supermarket and you'll be thankful for Tesco. Quote Link to comment Share on other sites More sharing options...
chronyx Posted March 8, 2011 Share Posted March 8, 2011 Food is cheap in the UK. An adult can eat very well on 3 hours' minimum wage a week if he knows how to cook. Yup. Quote Link to comment Share on other sites More sharing options...
FIGGY Posted March 8, 2011 Share Posted March 8, 2011 (edited) I'm just doing my price increases to the major UK supermarkets and all I can say is the price pressures are there, we have to put in the increases and produceres are absorbing a lot themselves. I should also say that the price pressured have been about for ages and have wither not been out through by the supermarkets or suppliers. The problem is the pressure has become too mcuh now so the increases that should have gone in over the last few years are going in one big hit. Its not that they are high now its just that they have been keep too low up until now Edited March 8, 2011 by FIGGY Quote Link to comment Share on other sites More sharing options...
longtomsilver Posted March 8, 2011 Share Posted March 8, 2011 Food is indeed cheap in the UK if you compare like for like at Italian supermarkets. Quote Link to comment Share on other sites More sharing options...
iamdamosuzuki Posted March 8, 2011 Share Posted March 8, 2011 It is going up at a quite astonishing rate. What gets me, though, is that you can still buy the raw materials cheap enough (in Glasgow places like Super Asia for example). But most people seem to by tons of this value added junk...........why? I don't even think it's convenience a lot of the time. It's kind of downsizing from the X5 snobbery (I know) of a few years back. Quote Link to comment Share on other sites More sharing options...
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