What’s causing inflation

It's no surprise to see those in executive or senior positions having their salaries increased, while others battle to have a half-decent increase. It's been the same since Shareholder Maximisation was introduced.

It wasn't that long ago the Brexit Tory Government was trying to claim a Brexit benefit was people seeing their wages grown. At one point they were claiming a high wage economy was only possible because of leaving the EU. They've quickly changed their tune.
 
Nero said:
It's no surprise to see those in executive or senior positions having their salaries increased, while others battle to have a half-decent increase. It's been the same since Shareholder Maximisation was introduced.

It wasn't that long ago the Brexit Tory Government was trying to claim a Brexit benefit was people seeing their wages grown. At one point they were claiming a high wage economy was only possible because of leaving the EU. They've quickly changed their tune.
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Please keep trying to remind yourself that the majority of the ENGLISH voting public are not great thinkers and easily manipulated (your point about Brexiteers telling ‘us’ about a high wage economy if we leave the EU)
But some of us can think for ourselves but politicians don’t rely on us, they rely on the non thinking public for their continued power
That’s why whenever Sunak appears on tv he’s always talking to the non thinking public who hear sound bites, take it in and get on with their limited life
 
I reckon the increased price of gas and oil due to Ukraine, the greed of energy companies because they know we'll still pay if they put the prices up and they'll receive record profits, greedy corporations who raise prices further citing higher energy costs for them and then there's the complete mess that is brexit and finally the fallout from covid
 
People fundamentally need food, energy, money and water. I am expecting water bills to increase markedly within the next year as they seem to be missing out on the feast.

I think covid was the excuse the banks were looking for ( Lab leak or not ) to get interest rates back to 4 - 6% and it gives governments a more effective tool to give the voters a feel good factor when the BoE reduce them.

After 50 years on this planet my observations conclude that absolutely everything that happens from a financial perspective that affects the general public is planned and thought through by those above. The media play out the game and the public are the contestants. No matter what political party is in power the end game will always be at the behest of the establishment.
 
One of the reasons is the cheap money that was on offer, for a very long time which saw people taking out huge mortgages thinking the 0.1% Bank of England rate was going to be forever. I can fully understand why some did take out large mortgages, mainly to get on the housing ladder and we can't blame them for that, but money markets and economic conditions are cyclic. Brexit, Ukraine, Covid, the Boris effect, the Truss effect have all contributed to todays current position. Hopefully it has peaked, but I'm not holding my breath.

#UTB
 
Perhaps someone is pishing on our collective raincoat, and telling us it’s raining.
From the Unite Union.

Olive oil up 46.9%
Cheese 33.4%
Eggs 28.8%
Low-fat milk 28.5%
Pasta & couscous 28.5%
Flours & cereals 23.6%
Jams & honey 22.9%
Fish 16.6%
Bread 15.3%
Butter 14.1%
Fruit 11.2%

Don’t tell us inflation is 8.7%.

For ordinary people it’s over 20% and out of control.
 
Chris_Boro said:
Greed and poor governance.
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☝️ This

Neoliberalism at its worst. Profit first, fill you pockets, deal with the consequences later. Too many of the big corporations have seen the various world events as a huge chance to boost their (already massive) profits.

Government has just stood by and more than likely been complicit, individuals also see it as a chance to boost their offshore bank accounts - screw the public, screw the country.
 
The large chain supermarkets get my goat, making huge profits whilst telling its customers they're doing all they can to keep costs down. They only reduce items that make Aldi and Lidl more attractive, so need to compete. However, the company shareholders aren't complaining.

#UTB
 
Once again, absolutely no mention of industrial-scale tax avoidance. The money is drained out of our economy and disappears upwards to be stuffed offshore. This is alongside the absolutely insane profits made by big businesses. As well as dividends and bonuses.

That nobody in public life calls this out is a national disgrace.
 
Don’t know what’s causing but I’ve heard a whisper that the following three things are nothing whatsoever to do with the rise

Brexit
Poor fiscal policy
Profiteering
 
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