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Post by Mr Stabby on Jun 23, 2021 7:21:26 GMT
We are possibly heading for a period of significantly higher inflation than in recent years but I don't necessarily see that as a bad thing. Wages and house prices need to align and all Governments are reluctant to allow a much-overdue correction in property values, leaving wage inflation as the only alternative.
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Post by Clinton Cool on Jun 23, 2021 7:34:11 GMT
Government will initially deny that the inflation is taking place. They are already doing this across the pond, explaining the estimated 12% inflation as transitory. Next, when they can no longer deny it, they'll re write their own rules in order to allow it. Inflation will enable the value of borrowings to be reduced, in real terms.
Inflation, of course, is government theft. That nice shiny fiver in your pocket says that the Queen promises to honour the bearer the sum of five pounds. It does not say that, because it's been unable to manage its financial affairs in a judicious manner, that it will take a good, and progressively higher chunk of the fiver you've saved in order to pay for its huge cock up.
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Post by Deleted on Jun 23, 2021 7:48:47 GMT
Doom and gloom everywhere.
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Post by Mr Stabby on Jun 23, 2021 8:14:42 GMT
Doom and gloom everywhere. Without a doubt the pandemic lockdowns will have to be paid for at some stage. The price of steel and timber has almost doubled in the last 16 months, grain, soy bean and other basic food ingredients is up by around 70%. Historically hyperinflation starts around 12-18 months after money printing starts. In terms of wages I can only really provide evidence in the field I work in, road transport. Last year, £13 per hour was considered to be about the best rate a driver could get from an agency for Monday-Friday daytime work, members on TruckNet have reported in the last week or so being offered £20 per hour for this work now. All of the requirements are in place for strong inflationary pressures.
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Post by Deleted on Jun 23, 2021 8:39:06 GMT
Doom and gloom everywhere. Without a doubt the pandemic lockdowns will have to be paid for at some stage. The price of steel and timber has almost doubled in the last 16 months, grain, soy bean and other basic food ingredients is up by around 70%. Historically hyperinflation starts around 12-18 months after money printing starts. In terms of wages I can only really provide evidence in the field I work in, road transport. Last year, £13 per hour was considered to be about the best rate a driver could get from an agency for Monday-Friday daytime work, members on TruckNet have reported in the last week or so being offered £20 per hour for this work now. All of the requirements are in place for strong inflationary pressures. The drivers wages are down to the shortage of drivers, how many buggered off back to the Eu when Brexit happened, never to come back. We are struggling to get our trailers of material in from the Eu since Brexit and talking to people out there its down to lack of drivers. Where the truck used to load at the mill in France/Holland and drive straight through to deliver into us with the same driver in three days, it now takes four days as the drivers drop the trailer at Calais or Rotterdam where it gets chucked on the ferry and then waits at Calais or Felixstowe for a uk outfit to collect and deliver into us. Prices of everything are on the increase, its global also not just the uk, the Amazon effect where Amazon sales have rocketed causing a global shortage of corrugate for cartons, recycling companies who collect the waste cardboard are not or have not been out as much as they should so we have a shortage of pulp, causing prices to increase by 25% this year so far.
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Post by Deleted on Jun 23, 2021 8:45:18 GMT
Oh God is beer going to go up?
Emergency action required by Sunak here.
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Post by Deleted on Jun 23, 2021 10:06:42 GMT
Stockpile Andrew!
Only problem with that is you drink more!
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Post by patty on Jun 23, 2021 12:04:33 GMT
I may have a small stockpile of vino......
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Post by Deleted on Jun 23, 2021 12:23:50 GMT
I wouldn't dare, I would drink it all.
Gill has five bottles of Pink gin, she will have four by Xmas, i should be more like Gill.
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Post by JohnV on Jun 23, 2021 13:12:17 GMT
I may have a small stockpile of vino...... Me too, just placed an order direct with a vineyard, collect next week
Next job contact a local brewery that produces a most excellent porter
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Post by Deleted on Jun 23, 2021 14:37:47 GMT
Stockpile Andrew! Only problem with that is you drink more! Exactly. Damhikt.
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Post by Clinton Cool on Jun 23, 2021 15:52:17 GMT
I wouldn't dare, I would drink it all. Gill has five bottles of Pink gin, she will have four by Xmas, i should be more like Gill. I'm the same. If there's a bottle of red in the house it gets drunk. Simples.
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Post by Mr Stabby on Jun 23, 2021 16:51:20 GMT
Without a doubt the pandemic lockdowns will have to be paid for at some stage. The price of steel and timber has almost doubled in the last 16 months, grain, soy bean and other basic food ingredients is up by around 70%. Historically hyperinflation starts around 12-18 months after money printing starts. In terms of wages I can only really provide evidence in the field I work in, road transport. Last year, £13 per hour was considered to be about the best rate a driver could get from an agency for Monday-Friday daytime work, members on TruckNet have reported in the last week or so being offered £20 per hour for this work now. All of the requirements are in place for strong inflationary pressures. The drivers wages are down to the shortage of drivers, how many buggered off back to the Eu when Brexit happened, never to come back. There are various reasons for the HGV driver shortage, all combining in a perfect storm. Covid, Brexit, IR35 among others. However, there are other inflationary pressures. Cold rolled steel coil for example, the material from which cars, fridges, washing machines and a million other things are made is up by £500 per tonne in the last year and by £80 per tonne just this month alone.
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Post by JohnV on Jun 23, 2021 16:55:37 GMT
I may have a small stockpile of vino...... Me too, just placed an order direct with a vineyard, collect next week
Next job contact a local brewery that produces a most excellent porter Well cover me with butter and call me slippery !!!
Contacted the brewery reference ordering their excellent porter ...... and was quoted an astonishingly high price
"click and collect" from the brewery, 50p per pint more than buying the same thing from a local supermarket !!!
They must be avin a giraffe !!!
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Post by thebfg on Jun 23, 2021 17:01:55 GMT
Me too, just placed an order direct with a vineyard, collect next week
Next job contact a local brewery that produces a most excellent porter Well cover me with butter and call me slippery !!!
Contacted the brewery reference ordering their excellent porter ...... and was quoted an astonishingly high price
"click and collect" from the brewery, 50p per pint more than buying the same thing from a local supermarket !!!
They must be avin a giraffe !!!
Do you want to support the local brewery or tesco?
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