Wednesday, February 22, 2012

Bread basket of ..

Farmers warn food prices could go up because of drought

South East and Anglia are the bread basket of the UK, unfortunately that only reminds me of Zimbabwe the bread basket of Africa. Some observations about the futility of doing business in the UK, and a prediction of price increases. Taxation on food in the UK is pretty vile, fresh produce is tax free, but the poor in society don't have the cooking facilities to take advantage, but are forced onto soups and reclaimed meat in tins that can be heated up taxed at 20%. If there is a dramatic rise in food prices the government can reduce the tax. But of course they won't.

Posted by stillthinking @ 09:05 AM (3554 views)
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3 thoughts on “Bread basket of ..

  • Although this is to some extent true, the main cause for food prices is the printing of money, because otherwise you would have food prices going up and other prices falling. When you have general price inflation, this is always and everywhere a monetary phenomena.

    What You Should Know About Inflation, Henry Hazlitt (1964) http://www.mises.org/story/2914

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  • lol, “but the poor in society don’t have the cooking facilities to take advantage”. What rubbish.

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  • mark wadsworth says:

    I don’t think bread basket is the correct term, the South East used to be called “the garden of England” when I was at school, and as I learned from a telly programme recently, the UK only started growing bread wheat in significant volumes in about 1950 once they had developed a type of wheat known as “dwarf wheat”, before then (i.e. during WW2) we used to import our bread wheat mainly from Canada.

    But of course, printing money reduces the amount of food available, because the Commie lizard people have to grow trees to make the paper to make the bank notes etc.

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