WolfMan
Well-known member
- Joined
- May 23, 2021
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It's inflation - the profit margins on the value lines in supermarkets are tiny so are more vulnerable to it.This is incredibly well written and strikes to the heart of a problem that is getting bigger and bigger. Our government don’t give a fuck and neither, apparently, do their voters
It was always going to happen due to the response to Covid unfortunately, they've pumped £400bn of fake money into the economy through QE during the pandemic, you can't just keep printing money and not expect inflation to rear it's head, especially when global supply chains are under severe stress already. One look at housing market tells you inflation has been running out of control for a while, it's just the RPI and CPI don't take it into account. It's feeding into the rest of the economy as well now.
Whatever you think the best response to Covid was, it's undeniable there's going to be decades of economic pain due what was done, and it'll fall disproportionately on the poor, as it always does.