Tory Andrea Leadsom says the cost of living crisis is over…
- Thread starter sherlock
- Start date
Colgates_shaving_foam
Well-known member
It's hard to know whether they are deliberately misleading people or are really so stupid that they do not understand how inflation works? I am not sure which is worse but both are terrible.
Zoophonic
Well-known member
Bit of both. But I suspect the policy of gaslighting is in full steam now running up to the election. Sunak has a policy of shouting out meaningless or fallacious and misleading statistics in PMQs and hoping people believe him.
Fat_Dragon
Well-known member
I think another year of wages outstripping inflation is required.
Linny
Well-known member
Deliberately misleading. Politicians aren’t stupid, they often have warped ideals but they aren’t stupid. They are manipulative.
They know the majority of the population don’t understand inflation and think when the rate drops things are getting cheaper.
Fat_Dragon
Well-known member
Energy is getting cheaper
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Linny
Well-known member
It was always expected to.
Piccadilly Day Tripper
Well-known member
Another Brexiter saying everything is working fine, if you just believe it more
Osboro
Well-known member
Didn't she once tell the ex head of the IMF that he didn't understand economics?.
certainly knows her stuff.
www.buzzfeed.com
certainly knows her stuff.
Brexit Would Have No Impact On UK Economy, Says Andrea Leadsom
"My best expectation, with my 30 years of financial experience, is that there will not be an economic impact," the Tory minister told BuzzFeed News.
www.buzzfeed.com
sherlock
Well-known member
It's nothing like as cheap as it should be given wholesale costs.
indeedido
Well-known member
What versus 2 years ago?
festa5
Well-known member
Reckon I could be a tory strategist. Make everything as **** as possible. Then anything that is an improvement on rock bottom you can herald as an amazing success.
Genius
They really do think people are idiots don't they? I suppose tory voters do encourage them to think that mind.
Genius
They really do think people are idiots don't they? I suppose tory voters do encourage them to think that mind.
El Guapo
Well-known member
I’m an idiot, and so is my wife.Reckon I could be a tory strategist. Make everything as **** as possible. Then anything that is an improvement on rock bottom you can herald as an amazing success.
Genius
They really do think people are idiots don't they? I suppose tory voters do encourage them to think that mind.
h_m_boro
Well-known member
Something cost £100 last year.
10% inflation it now costs £110.
3.5% inflation it will cost £113.80
But that's "a win" yeah?
Gas, electric, supermarkets, petrol/diesel...... continue to take the p*ss but the government are complicit making this happen. Expect quite a few people are making eye watering sums, and will continue to do so until.......
10% inflation it now costs £110.
3.5% inflation it will cost £113.80
But that's "a win" yeah?
Gas, electric, supermarkets, petrol/diesel...... continue to take the p*ss but the government are complicit making this happen. Expect quite a few people are making eye watering sums, and will continue to do so until.......
Fat_Dragon
Well-known member
Then you have to add on the extra chunk the retailers can squeeze out of you. One item i buy at my local used to cost a quid a year ago and now costs £1.35 so that's a 35% increase.Something cost £100 last year.
10% inflation it now costs £110.
3.5% inflation it will cost £113.80
But that's "a win" yeah?
Gas, electric, supermarkets, petrol/diesel...... continue to take the p*ss but the government are complicit making this happen. Expect quite a few people are making eye watering sums, and will continue to do so until.......
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This is what really ***** me off about the way we report on things like inflation and wage rises etc. We should be using indexes and then things are easy to understand. Using %ages just gives them the opportunity to forget everything that has happened before the most recent published data. There is no context to "inflation has fallen to 3.2%". It's meaningless. Obviously they don't want things to be easy to understand because it suits them and their short term obfuscations.Reckon I could be a tory strategist. Make everything as **** as possible. Then anything that is an improvement on rock bottom you can herald as an amazing success.
Genius
They really do think people are idiots don't they? I suppose tory voters do encourage them to think that mind.
h_m_boro
Well-known member
Absolutely
I was keeping it as simple as possible, not adding obscene profit margins on.
Start adding an arbitrary 10% and that £113 soon becomes £125.18........just because of greed. That's it. GREED.
AND. Factor in the reduction in quantities. 1kg last year is now 800 or 900g.......for the prices quoted.
But hey, it's the war in Ukraine/rising energy costs which nothing can be done about/global markets/global warming/COVID/Gordon Brown crashing the world economy/WW2..........
Andy_W
Well-known member
Doesn't really work in a service based economy (which we are, and can only be), they just end up chasing/ following each other, which actually ends up worse for everyone. For services sector a massive chunk of their costs are wages.
We need inflation down, even deflation, but to do that we need the base cost of goods/ commodities down. That's difficult now we've left the EU, even more so for a country like ours which has poor/ limited natural resources and heavily reliant on imports.
Energy prices massively reducing, as in deflation (which it has), should have helped a lot more than it has, but companies are extremely quick to jack up their charge cost when their production cost goes up (covering their ****), but when production cost comes down then charge cost often takes ages to come down (profiteering).
Energy prices haven't come down as fast as they should have done either mind. Gas for example is cheaper now than it largely was in the 90's.
