Why does Britain have the worst inflation in the G7? - BBC Newsnight

The Bank of England is watching UK inflation carefully, and the latest official figures show that inflation slowed in April by less than expected to 8.7%.
Britain’s ‘core inflation’ - a measure which doesn’t include volatile components such as energy and food - is the highest of the G7 countries at 6.8% and is going in the wrong direction.
Nationwide building society has warned that rises in mortgage interest rates - closely tied to increases in the Bank of England’s rate that has been raised to try and control inflation - could hit the housing market.
So why is inflation in the UK so stubborn compared to similar countries? Newsnight’s Economics Editor Ben Chu reports.
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[@nicolasbenson009]

I find it interesting why everyone gets so concerned about recession and inflation statistics. Inflation has been a constant presence, and individuals have historically turned to investments as a way to outpace it. For instance, stock market returns consistently surpass inflation. I recently heard about someone who invested $121,000 last October and has since grown their portfolio by over $400,000. I'm seeking recommendations that can help me achieve similar returns.

[@olskid9546]

I'm going to give you a little hint: It starts with "Brexit" and ends with "Brexit"

[@JohnSmith-fz1wh]

Wrong again.

[@utubebroadcaster]

Don't say the B word. It upsets the idiots that voted for it

[@ToyoteroMundial]

So true.

[@olskid9546]

@@JohnSmith-fz1wh all economic difficulties are multiplied by Brexit. The UK has lost jobs, lost workforce, lost free trade of the EU, increased inflation, decreased economic growth, reduced many consumer products and immigration is just about as it was before or worse. Your politicians promised you the glory empire days but all you got was lower living standards and tears in your tea.

[@JohnSmith-fz1wh]

@@olskid9546 We haven't had a Brexit.

[@TomNook.]

Basically - the richer get richer and own more, the poor get poorer, the middle class will cease to exist.

[@eraserhead2063]

I always knew you were smart, Tom

[@BinkyTheGoddessDivine]

Want to guess whose fault it is? The poor and uneducated keep voting for the Tories repeatedly, like turkeys voting for their own slaughter on Christmas. To the point that even Labour now knows that to win an election, they have to be Tory-lite

[@iCanSeeYou999]

Food inflation at 10 %? But prices almost doubled in reality

[@Pierrick2009]

Congratulations for that stunning display of ignorance of economics! Prices having doubled is a differential between two price levels. Inflation is the rate of speed at which prices move from one level to the next (in this case 10% over time n)

[@Ytbe0005]

​@@Pierrick2009 You are the dumb here, inflation is not a rate. It is just an economic phenomenon that CPI goes up.. IMF once defined inflation as a rate but generally it's not. CPI's the rate cmon

[@abhi739]

no more places left to colonize

[@omadjourney]

Electing the rich private educated elite was a really great idea... because they really understand day to day life of working class people and how ironic that their first step was to isolate the UK from the rest of Europe so they have total control of what goes... and which family members get what supply contracts.... so well done 👍🏾.

[@HessenUK]

Anyone who thinks Barry from the local comprehensive would run the country better than the well educated people is after better optics with categorically worse results.

[@briancarno8837]

the toffs have been in control forever in th UK and they managed OK in the past..Inflation is a curse in many countries including the EU so there is no guarantee staying in the EU would have helped..Too much money printing leading to a debased curreny...just like lots of other countries

[@dimamatat5548]

The elites are the royal family. They hold so much money yet remain unelected.

[@intrue5021]

it's the criminalities of christians stupidity, that pay for ignorance! Pretend that stupid banks with only failure over, can have future, by do the same stupid choices!

[@lolikbolik4818]

Sunak was selected by WEF, is a member of WEF and works for WEF. So was Lukashenko. Both work against you as a team.

[@lugano1999]

The UK decided to impose trade sanctions on itself with the miserable Brexit decision. It has lost all the EU investment it used to enjoy, it lost tons of NHS staff from the EU, it lost cheap farm labour, lorry drivers and even tourism from the EU is down.

[@simulationkoyo]

yep. they lit the fire themself

[@AOK342]

Apparently the Brexit folk knew what they were voting for………

[@experienceoflivingingerman4684]

You are so right I gave up the idea of visiting UK

[@henryjohnson-ville3834]

@@experienceoflivingingerman4684 I gave up the idea of visiting UK after their disgusting import of those filthy migrants who will run you over with their rented U-Haul truck.

[@no-barknoonan1335]

It's funny how you see those folks in these comments clutching at straws, pointing to any arbitrary excuse they can pull out their arse. According to them, it's anything but Brexit, cognitive dissonance is a hell of a thing.

[@markdorman7208]

With markets tumbling, inflation soaring, the Fed imposing large interest-rate hike, while treasury yields are rising rapidly-which means more red ink for portfolios this quarter. How can I profit from the current volatile market, I'm still at a crossroads deciding if to liquidate my £125k bond/stocck portfolio

[@jimmyprusty2663]

I agree with you, I've been in constant touch with a Financial Analyst for approximately 8 months. You know, these days it's really easy to buy into trending stocks, but the task is determining when to sell or keep. That's where my manager comes in, to help me with entry and exit points in the industries I'm engaged in. Can’t say I regret it, I’m 40% up in profits just in 5months with my initial capital of £160k

[@jamesshiff9597]

@@jimmyprusty2663 Glad to have stumbled on this conversation. Please can you leave the info of your investment advisor here? I’m in dire need for one.

[@jimmyprusty2663]

My advisor is *"LINDA PEREZ LEWIS".* She’s highly qualified and experienced in the financial market. She has extensive knowledge of portfolio diversity and is considered an expert in the field. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market

[@jamesshiff9597]

@@jimmyprusty2663 I just looked up the broker you suggested on Google and I'm incredibly impressed with her credentials,so thank you for sharing. I scheduled a phone call with her.

[@TimesFM4532]

Thank you tories you've really screwed us over

[@briancarno8837]

like labour would have done anything different

[@HessenUK]

UK had the 2nd Strongest G20 growth prior to covid, and predicted to have strongest economic growth from 2024 onwards with a faster escape from covid and Ukraine war impacts than comparable countries. Covid hit us harder because consumers want cheaper goods via foreign trade more than they want to pay more to buy local. Other countries don’t do that to nearly the same level.

[@TimesFM4532]

@@briancarno8837 aside from blow up our traveling arrangement with our closest partner and piss 13 billion down the brain on somthing everyone know was stupid and increase interest suppressed spending power let alone the tories failer to invest in alternative energy this country is so rich in

[@simulationkoyo]

brexit ruined the uk

[@AOK342]

@@briancarno8837 you mean like not want Brexit. You tight Labour would not have screwed us this bad. Brexit started as a Tory dream.

[@spankflaps1365]

cough ahem 🚨BREXIT🚨

[@rabirai1003]

I thought brexit would solve all the problems.

[@Guywiththeyellowglasses]

No the EU even said tha the inflation rate will be far worse if you leave, I voted and my whole family voted to stay, but ig 52% thuoght it was good, the only people to blame is them who voted to leave

[@JohnSmith-fz1wh]

Only people with low intellect would blame it on Brexit.

[@AogNubJoshh]

I voted to stay, but to be fair to Brexit voters, many did say "it's worth some economic pain for freedom". Whether or not they still believe that now that we are actually experiencing economic pain is a question I'd be curious to have answered. Though not purely related to Brexit (though exacerbated by it), I imagine quite a few Brexiteers will have been forced to use food banks in recent times.

[@bluecanary9417]

@@AogNubJoshh I’m not sure what “freedom” Brexit voters believe that the U.K. has gained. To preserve the economy, the country is forced to adopt EU regulations that it has little or no say in creating now that it has left the EU. That doesn’t seem to me to be “taking back control”.

[@davidadiwego4608]

@@Guywiththeyellowglasses No, those who utterly abused British euro-sceptics' tolerance of UK EU membership, like rat Blair, are the only people to blame. If UK representation in the EU was done in the interest of the British people and not in the interest of the EU and big business, much of the 52% wouldn't have been so bothered about UK EU membership.

[@billkingston4402]

As long as caviar and champagne are available the government couldn't care less

[@umarrazvi]

They are the one that caused it

[@gregmoore167]

Who would of thought that "eat out to help out" didn't help anyone?

[@dylanmoris6211]

Every crash/collapse brings with it an equivalent market chance if you are early informed and equipped, I've seen folks amass up to $1m amid crisis, and even pull it off easily in a favourable economy. Unequivocally, the bubble/collapse is getting somebody somewhere rich

[@LeeWalton6]

I do not disagree, there are strategies that could be put in place for solid gains regardless of economy or markt condition, but such execution are usually carried out by investment experts or advisors with experience since the 08' crash

[@Karagoldberg7]

The issue is most people have the "I want to do it myself mentality" but not equipped enough for a crash, hence get burnt, no offense. In general, invt-advisors are ideal reps for investing jobs, and at firsthand encounter, since Jan.2020, amidst covid outbreak, my portfolio has yielded nearly 300%, summing up to 7-figure as of today.

[@adakkristinn]

@@Karagoldberg7 this is huge! think you can point me towards the direction of your advisor? been looking at advisory management myself.. seeking ways to invest and make more money with the uncertainty in the economy

[@Karagoldberg7]

@@adakkristinn I really don't like making such recommendations, because everybody's situation is unique. But there are many freelance wealth managers you could check out. I have been working with "Colleen Janie Towe" for about four years now, and she's really, really good. If she meets your discretion, then you could go ahead with her.

[@adakkristinn]

@@Karagoldberg7 Thanks a lot for this. I really needed the recommendation, and I would love to move my funds from an existing mutual fund. I'll check her out.

[@hgbnkbggj2915]

Brexit, predominantly.

[@JohnSmith-fz1wh]

Only people with low intellect would blame it on Brexit.

[@QwadLuzr]

No, lock down. Brexit didnt cause the central banks to print off all that money in 2020, what are you talking about?

[@will.productions]

Failed Society.

[@Benjamin-ol4gf]

With fake news outlets .

[@simulationkoyo]

failed leadership becaz of brexit

[@JillWhitcomb1966]

I lived in south Wales, UK in 2019 as a 50+ year old digital nomad. At that time, things like fruit and veggies, restaurant meals in pubs, contact lenses, really good stouts and porters, taxi rides, public transportation, basic clothing (light winter gloves, cardigans, sun dresses), health and beauty supplies (toothpaste, body lotion, bar soap, vitamin tablets), were far less expensive than back in my home state of North Dakota. In some cases, the prices in Newport, Wales (NP20 postal code) were 30 to 50 % LESS expensive than I paid in North Dakota. Now though, my friends in both England and Wales tell me that the rising inflation, food shortages, high cost of electricity, and general expenses for daily living have all risen so much, they are struggling to survive.

[@nilocblue]

Brexit, the answer, is Brexit.

[@JohnSmith-fz1wh]

Lies

[@jos9105]

@@JohnSmith-fz1wh guy says lies but cannot give an explanation

[@JohnSmith-fz1wh]

@@jos9105 Anyone with half a brain knows that there have been much bigger things than Brexit in the last three years.

[@jos9105]

@@JohnSmith-fz1wh give me a detailed explanation on how brexit is not a big contributing factor. With reliable sources

[@JohnSmith-fz1wh]

@@jos9105 You are clueless and should should stick to video games.

[@filipepedro8272]

Broken Britain is more concerned with tv presenters and washed up tv shows

[@JohnSmith-fz1wh]

All western countries are on the brink of collapse. It is not an accident.

[@bolt6572]

and a bullshit king

[@Pathan109ShortVideos]

Ever since the first mention of brexit quality of life has steadily gotten worse. It's fultile to believe it's anything else

[@JohnSmith-fz1wh]

Only people with low intellect would blame it on Brexit.

[@hgbnkbggj2915]

Covid and Russia being aggressors were/are also terrible for the economy, but there's no doubt that Brexit is the catalyst to our bleak economic outlook. Just look at the other G7 countries in comparison.

[@darnellmiah3351]

Cause this country is too bloody expensive.

[@ArtsyPhartsy123]

In the USA, groceries prices are up more like 40%.

[@miketran4289]

Blame the super markets for price gouging.

[@ArtsyPhartsy123]

@@miketran4289 I do… 100%

[@rameshpudhucode6862]

Not 40% but 400%

[@trojon]

And sunak was bragging only a few days ago we were the leaders in controlling inflating. Twot.

[@fastpistonx]

UK was very lucky having built up 50% of natural gas reservoirs before EU sanctions on Russia as well as a mild winter. Coming winter may not be so unusually mild and now there's zero cheap Russian gas. Natural gas prices could easily go ballistic this winter.

[@AA-hg5fk]

Who'd have thought that trading with your neighbours is easier than trading with Australia?!

[@utubebroadcaster]

We now get 15 pence off Australian wine, while messing up British farming. Worth it

[@ridwanomar5351]

@@utubebroadcaster you need stop drinking

[@pouletmarine720]

"There is no alternative", the iconic catchphrase became a reality . . .

[@michaelbenton2518]

I believe it brings in more tax for the government and makes the top richer .Britan like America is hooked on personal greed in the establishment .

[@constancetaylor2114]

Hatred is poisoning everything

[@ryanhunter5594]

Because the country voted for this

[@silversurfer8237]

The problem is price gouging. A lot of companies raises prices because they can NOT because they must. New economic policies are needed: price controls. Price controls should be implemented for daily essentials using a cost plus model to set prices. Then for items that are deemed near essential, they should also undergo price controls. Once the prices of essential items stabilise, inflation will moderate to a reasonable level.

[@davidstrelec2000]

In the UK 58% of inflation was caused by profits.

[@minimaxmiaandme.4971]

@@davidstrelec2000 Same in Canada with groceries, their profits are larger than they have ever been. The government might be taking the Canadian Grocers Association to court over it. Greed, plain and simple.

[@abhi739]

so why dont u ask ur old hag of a king to pay taxes so people in poverty get milk

[@williamshaw5388]

Corruption, Capitalism, and either party.

[@19katherine1213]

We all know the answer…

[@fryeday]

Well, eating the rich is always an option.

[@SenorSol]

Shhhh, no one mention......Brexit!

[@Guywiththeyellowglasses]

Honestly my whole family voted to stay and look what it's done now💀

[@QwadLuzr]

It wasn't Brexit that caused the Bank of England to print so much money. That happened in 2020. Educate yourself before repeating incorrect slogans.

[@JohnSmith-fz1wh]

Only people with low intellect would blame it on Brexit.

[@AogNubJoshh]

@@QwadLuzr Not spending during the pandemic would have been much more catastrophic. We also "printed" less money than many G7 nations. Do you really think the economy would have faired better if we had just let 10m+ people lose their earnings and not provide any financial support? I hope you like the vision of streets lined with millions of homeless, crumbling empty buildings, and a total collapse of all business.

[@QwadLuzr]

@@AogNubJoshh Tosh. Places that didn't lock down faired much better and didnt give themselves 20% inflation by printing off historically large sums of money, it's as simple as that.

[@ickforhifor6437]

It's okay to be poor. nothing new

[@paxundpeace9970]

Thank you tories you've really screwed us over.

[@jonnsonsam]

Because we haven't had a government who was actually for Britain and the British people since Thatcher?

[@samt7351]

Sorry? Thatcher was for Britain? The women who sold of the family silver to the cheapest bidder ? The women who sold Us out the global banks ?

[@ridwanomar5351]

Fu*k her, I hope she is in hell along with Ronald Reagan.

[@lugano1999]

In the scene in the kitchen at a restaurant 3:46, the cook is actually handling with his bare hands, the chips that someone else 5:41 presumably is going to eat.

[@Asdfgghhhjj]

The more government spending, the higher the inflation.

[@kg9799]

I remember going to aldi and buying two full bags for 30 pounds.. how much would it be now? I'm not in the UK any more

[@christianlandmark2461]

double prob £50 or £60

[@ep1929]

​@@christianlandmark2461 go in Tesco, Sainsbury's, Asda, Morrisons - 2 full bags can come to £80 easily.

[@reeling-in]

Yes, your BBC licence fee was hiked up as well!!

[@Roni_98]

Who actually pays it lol 😂

[@bolt6572]

@@Roni_98 exactly lol

[@ruslankruglov2904]

Putting crisps into a bowl with bare hands not wearing gloves at 3:45 is disgusting! 🤮

[@henryjohnson-ville3834]

I noticed that too. Yuck! 😬😬

[@sherirobinson6867]

Owning three cats and one dog in the u.s. is beyond my resources. They are without a doubt my greatest expense costing more monthly than my car insurance now. It is flat-out ridiculous I will not be having any more animals after my nine year olds all pass away. Living on a fixed income has me sacrificing personal items in order to feed my animals properly.

[@KneelBeforeZod.]

You could eat them? They would eat you if they were starving. Take them out before they take you out. Pre-emptive strike. Survival of the fittest. Go on, you know it makes sense.

[@marydevonshire4655]

Same...I have four dogs, three of which were "rehomed" to me after their previous owners told me that they would be going into the river if "someone" didn't take them. I did. One is very old and this will probably be her last summer. I also have two cats--one found as a kitten on the motorway. The other I actually adopted from a shelter....lol, the only pet I have officially adopted. The cost of their food has easily doubled in a year. My daughter brings home large quantities of meat scraps from the restaurant she works at and that has been a huge relief for us. Most of the meat is actually very good, but it's below par for a nice restaurant. Cooked long enough, it's very tender that we ALL eat it, me AND the dogs. Thus, I'm eating dog food, lol.....what's this world coming to?

[@youtubetv1414]

Are you on disability?

[@Whosetheworst]

Its completely out of control here in Australia too. Bad time to be poor, not that there ever was a particularly good time.

[@AA-hg5fk]

Things are much worse here in the UK, the Australian economy is in much better shape. You guys also haven't deliberately shot yourselves in the foot by ending frictionless trade with your biggest trading partners.

[@aleph8888]

Name another country apart from the UK that has a zero-tariff, zero-quota free Trade Agreement with the EU.

[@paxundpeace9970]

WORST INFLATION in G7, and highest CORE INFLATION which is still rising.

[@user-ew8ni3cq8k]

Not simply Brexit or Covid. It starts from a disordered economic structure. Proportion of economic services is too high.

[@babalonkie]

Greed from profiteering.

[@terrylynn9984]

My dogs are on a skin allergy sensitive kibble, i was buying an 8 pound bag from the vets for 90 dollars prior to covid, I switched to an equivalent one i found at a pet store with limited ingredients, there a 13 pound bag was 56.99, huge savings, now the price has jumped to 69.99. I could just imagine what the vet food would cost me now. Canada has awful inflation woes but the UK really takes the cake on that one. In the US i found the food prices to be higher then what we have in Canada, never seen anything like it in my life, that was a shock, used to pop on over stateside for cheaper fuel and food, now with the exchange rate and the higher prices in America its not worth it.

[@trailmark4504]

One of the richest citizens of America not only can end homelessness but living a middle-income life he would still have 4 million years to live without getting a job. Why are we taxing poor people anyway?

[@henryjohnson-ville3834]

More countries need to be like Singapore. Everyone pays a 20% flat tax, no matter if you make $12,000 a year or $500,000.

[@n25xq74]

Imagine if you have 300 products in a month, can be the same products that you use them everyday. 2 £ pe product , 600£.

[@dimamatat5548]

Gone are the days of when Britain was the richest country on earth,

[@JohnSmith-fz1wh]

All the wealth has been stolen by the unlawful central bankers.

[@MRHASHIMOTO]

I mean that’s a self explanatory question really simple answer is because of TORYS and the so cold Brexit that they reved about

[@71518]

Why ?? Seriusly ??? 🤣🤣🤣

[@j.peaceo1031]

Well, duh! You shut down, you break down.

[@XxTheAwokenOnexX]

Price gouging is a free for all for any business who want to profiteer.

[@Cr4y7-AegisInquisitor]

So if everything goes up 17% don't you think the money just lost it's value because of printing rather than blaming all kinds of other little factors?

[@AogNubJoshh]

No it doesn't. If you buy a car part from a foreign country for £100, and it now costs £120, then the price of your car needs to be £20 more expensive to avoid losing profit margin. This isn't caused by "money printing". Apply this to a national scale and it causes national inflation, even if the money supply is held constant (which is certainly has been for the last few years). Concretely, more expensive fuel means that, not only do fuel prices go up, but all products and services that require fuel to produce or deliver (which is basically everything, given that electricity is generated via the burning of fuel) go up. Add on Brexit issues to that (less goods supply because of jobs vacancies and greater costs/barriers associated with importing and exporting), plus the KamkiKwazi budget, and you see how we are the worst performers.

[@alexdobak323]

Money supply has gone up. Look at M2 over the past three years as compared with the 2010s.

[@Frameton.]

@Cr4y7 I don't think you understand the concept of inflation quite yet

[@JohnDoe-gc1pm]

Simple - UK economy has the highest debt burden of any country as was the case after the Second World War, meaning it had nothing for investment

[@pollutingpenguin2146]

But wasn’t this the whole point of Brexit? To increase decrease supply of cheap labour, which would drive up salaries and then drive up inflation? Or am I missing something?

[@oswaldyeaman6040]

guys the pound is back to pre June levels and is still growing

[@gio-oz8gf]

Well, that's complete and utter bollocks, Higher than pre-June is bugger all to celebrate; it was down the drain in June; it's managed to drag itself up into the gutter.

[@hayeonkim7838]

Awww black cat ♥︎ 🐈‍⬛️ ♥︎

[@pattyperkins5007]

We in the USA are having it rough but these poor brothers. 😢

[@Pierrick2009]

Coult it be because in 2016 , 17.4 million voters were more interested in bashing foreigners and indulging in flagshagging than in having decent standards of living and the opportunity for their kids to study and work in Europe?

[@markbenedict3845]

Why do they keep raising the price, because they can

[@Billywoo12]

Hi from Australia. Almost identical issues over here with no Brexit and no Tory government.

[@elainelindseyrampertab1945]

It's the same in south africa prices have doubled and keeps increasing every month. I think the main reason is store gouging.

[@marnig9185]

It's led in in tap water?

[@seraphimroscaflorin]

We Need a "Creative Society" To Fix The System. Search About Them On The Web.

[@Cr4y7-AegisInquisitor]

Print money to solve inflation!

[@paspa]

Brexit has made the UK’s companies less oriented to the EU and more towards the US. Being less regulated and more competitive, the US companies destroyed the British economy. On the other hand, the war in Ukraine came when we weren’t yet recovered from Covid creating a phenomenon known as stagflation. When the output from our industries was not yet stabilized, we were forced to increase interest rates to reduce inflation.

[@firdausidris6367]

“To be an enemy of the US is dangerous, but to be a friend is fatal” - Henry Kissinger

[@daddyandy9591]

A small mistake - it was you who started the war in Ukraine by ordering Zelensky to bring more than 100,000 troops to the Donbass in August 2021.

[@simulationkoyo]

and they still dont have a trade agreement with the us. come to think of it, the only thing us sells is firearms.

[@paspa]

@@daddyandy9591 As you know, there was a civil war in Ukraine, before the Russian invasion, where 14.000 Ukrainians died. Of course, Russia shouldn’t have invaded. However, it is simplistic to blame the Russians alone. What would be better, would be to find a way to stop this war. Because, sending more guns will only exacerbate the conflict, taking us closer to financial ruin. But, our proud leaders don’t even want to speak to the Russians….

[@alanbeaumont4848]

@@daddyandy9591 Whatever comrade.

[@wagtail06]

B.R.E.X.I.T. What’s not clicking Britain?!

[@kabirjones8563]

Its because we have had a Tory government for 12yrs, its as simple as that.

[@trance9158]

1 word... Brexit

[@QwadLuzr]

2 actually, lock down. Brexit hasn't increased inflation across the world, it was central banks printing suicidal amounts of funny money in 2020.

[@JohnSmith-fz1wh]

Only people with low intellect would blame it on Brexit.

[@Banor]

wages are too low, this artificially increases the scarcity of money causing inflation and prices to increase

[@bluecanary9417]

That’s not how inflation works

[@Banor]

@@bluecanary9417 its economics 101

[@shuhel02]

The Elephant in the room “Brexit” not being mentioned.

[@kaym7704]

Brexit = Leopards ate my face

[@JohnSmith-fz1wh]

The EU is on the bring of collapse.

[@markhayward7400]

Why does the UK have the worst inflation in the G7? Because, uniquely within the G7, we chose to handicap our economy with Brexit. UK inflation would be even worse if the Govt hadn't repeatedly delayed measures required by Brexit that are inherently inflationary e.g. post Brexit import checks on foodstuffs that arrive in the UK from the EU.

[@shahidanusrat6086]

As a Pakistani I am so much concerned about UK illegitimate rule in Scotland and Northern Ireland

[@Roni_98]

Illegitimate 😂 they had their independence referendum and by the looks of it people would much rather stay apart of the UK, its called Democracy not sure you have that where you come from

[@manjeetgill1]

I would worry about your own impending default love

[@JackKing12.]

Businesses at the top profiteering?

[@MrTamiya89]

Cute Cat 😺. 😃👍.

[@user-du8kd3sn8n]

Begins with T.

[@Fishingadventureuk]

Revolt !

[@alexdobak323]

There are no easy answers. The government printed too much money (look at M2 over the past three years); too much deficit spending. At the same time the UK is in dire need of investment, but if the government increases deficit spending again then inflation will be even higher.

[@simulationkoyo]

its brexit

[@alanbeaumont4848]

The government wouldn't have to print money if it taxed wealth, but it won't do that. Wonder why?

[@JohnnyWitney]

Britain needs a strategic energy policy. Energy is the main culprit causing inflation. More nuclear power plants need to be built. After the initial building cost, nuclear is a cheap renewable energy source.

[@NoWindNoSunNoPower]

Britain has the worst inflation in the G7 because of ludicrous green policies.

[@miketran4289]

No, It's thanks to people like you who voted for Brexit. Just owe up to your screw up and stop trying to distract. If anything, investing in Green Tech is what's keeping U.K alive.

[@JohnSmith-fz1wh]

@@miketran4289 You are obviously paid to post lies.

[@alanbeaumont4848]

Or possibly because there's a shortage of people willing to pick the crops, as well as the climate change ruining the yields.

[@felixzahner495]

Germany is in the EU and has the Euro. UK not. Both going down. Like a divorced couple.

[@frandyson6133]

Blame our government

[@advisorsandy2068]

Hey I've stopped feeding my dog on butchers meat and changed to vegie food and chips ,my dog is very healthy but I'm worried he may become angry with a chip on his shoulder.

[@Roni_98]

😂😂

[@JohnSmith-fz1wh]

As the EU heads towards a complete banking collapse.

[@alanbeaumont4848]

Haven't you been drafted yet?

[@SheepofTheShepherd-nu3lz]

Greed never been good

[@castlev1986]

buy from usa problem over

[@gregmoore167]

Yeah, why? I really want to know so have come the the trusted source that is the BBC 😆

[@whyler1]

Why are you here then

[@Guesswhokk]

One thing no body want to talks about: Beautiful Brexit keeps on giving (sarcasm) until a nation wide referendum.

[@JohnSmith-fz1wh]

You are not British and should mind your own business at your menial job.

[@ep1929]

We had a referendum in 2016.

[@official_ashhh]

increased debt and imf predictions, insurance market and pound against the dollar ratings. euro and german market is seperate issue now with Ukraine conflict, G7 needs to be take more seriously.

[@paxundpeace9970]

Thank, the tories for screwing you over.

[@stevenhenry5267]

Corporate greed

[@TomNook.]

Awww kitty

[@akashsharma-tf3wk]

Increase 10% tax more

[@chriss7930]

Pretty obvious because of energy and fuel price. Which everywhere else isn't as expensive. And it's the biggest cost of everything. Don't need to be an economist to work that out.

[@AogNubJoshh]

It's a classic Dunning Kruger effect to assume a simple explanation to a complex problem. Yes, energy and fuel prices are the primary factor, but the reasons why the UK have some of the highest inflation rates in Europe is much more nuanced, and involves Brexit, our response to the pandemic, the mini budget, and crumbling public services from 13 years of underfunding.

[@chriss7930]

@@AogNubJoshh maybe they should stop giving it away in foreign aid then. Brexit not so much as you shouldn't be able to import stuff transport it many hundreds of miles cheaper than it can be produced here. You could even get on the environmental horse with that but I don't believe in any of it

[@markw1413]

Is it true the bbc won't investigate the mass immigration scandal ? Interview the people in the street without bias. Conduct a large opinion poll. Speak Truth. Never mind about delighting in inflation.

[@klausjambor1897]

Might still in England the new King than may be easier to push back the inflation. But what can we do he is so old.

[@gordonfernandes6873]

The Smaller the Pet..The lesser the Burden 😅

[@AthelstanEngland]

Better GDP growth than Germany though. Also still leading financial centre in Europe. Bank of England also seem to be deliberately undermining the government.

[@AogNubJoshh]

That doesn't say much. Germany were heavily dependent on Russian gas and had to change this rapidly, at huge expense. The fact that we are doing as badly as them is not a good thing.

[@AthelstanEngland]

@@AogNubJoshh we're not, we're doing better. The self-inflicted energy price crisis has affected all of Europe.. indeed all of the western world.

[@greenknitter]

@@AthelstanEngland My partner is German and I go there often. Prices are up also sure but people are not suffering nearly as badly as in the UK plus there are much better social supports. You have people stealing baby formula from supermarkets in Britain and there are more food banks in the UK than McDonalds. Germany is nowhere close to that and their middle class (most Germans) and doing ok, like my guy and his business. They would never be stupid enough to create a self inflicted wound like brexit.

[@AthelstanEngland]

@@greenknitter well I'm quoting a verifiable facts. Voting Leave was still the right thing to do. Shame it hasn't been fully implemented as we'd be flying. Maybe you should move to Germany?

[@AogNubJoshh]

@@AthelstanEngland Depends on the indicator. Q1 growth, relative to pre-pandemic levels, was equal to Germany's. Yes, several indicators suggest we are doing slightly better overall, but it's not a huge margin, and much smaller than many other G7 rivals. IMF forecasts suggest that Germany will overtake us.