My theory on rising prices of everything

[KS55]

Petrol and diesel prices are falling. None of their rise previously is due to covid, just rising energy prices globally, and now they are falling for the same reason.

Interest rates (mortgages), are going up because of the previous inflation of energy prices, some of the inflation is also down to wage rises.

You don't see any sign of inflation falling, because you don't understand why it went up in the first place.

Some of it was caused by covid, but nowhere near all of it.

We still have a large fiscal deficit which puts unearned money into the economy and causes inflation. Addressed in the autumn statement. Action to follow.

 

[bluethrunthru]

I blame the lazy over 50's who did everything they were told to do and now have pensions and own their own property and can manage so well they won't join the gig economy and deliver pizza's or drive an Uber for two quid an hour and the employed under 50's who cannot eke more productivity out of equipment bosses won't invest in coz they are too busy off shoring bonuses - there's your problem in a nutshell

 

[chesterbells]

I blame the lazy over 50's who did everything they were told to do and now have pensions and own their own property and can manage so well they won't join the gig economy and deliver pizza's or drive an Uber for two quid an hour and the employed under 50's who cannot eke more productivity out of equipment bosses won't invest in coz they are too busy off shoring bonuses - there's your problem in a nutshell

The old have got it too easy; unlock the triple lock mate.

 

[bluethrunthru]

The old have got it too easy; unlock the triple lock mate.

as someone not in receipt of a state pension which I have "paid for " and which is being moved further and further away from me I'd tend to agree - I'll be ok as I am which is why I would not be tempted back to working. I mean why would I want to help a Govt I don't want sort out their own shit?

 

[NPBlue]

I blame the lazy over 50's who did everything they were told to do and now have pensions and own their own property and can manage so well they won't join the gig economy and deliver pizza's or drive an Uber for two quid an hour and the employed under 50's who cannot eke more productivity out of equipment bosses won't invest in coz they are too busy off shoring bonuses - there's your problem in a nutshell

It's kind of irritating, but amusing by the same measure as a 65 year old that followed the tory path and planned my retirement earlier than the state pension age of 65 when I started paying into my private fund age 26 back in 1983, that I'm now a drain on the economy! I stopped working over 4 years ago.

I'm not a tory by any stretch, I've never voted for them in my life, but it is funny they're getting their knickers in a twist about those of us working and saving hard all our lives, on a voluntary basis, and they are now pissed off with us following their advice to plan for our futures.

 

[Johnny Mars Bar]

Weed and YouTube conspiracy theories - one hell of a lethal cocktail.

 

[Keeper!]

I might be totally losing the plot but my take on everything rising, mortgages, energy water rates petrol food holidays numerous other bills inflation going through the roof. Then being able to say prices will start falling very soon, because I’m not seeing any sign of inflation coming down people are still spending, who has 500/600 disposal income to manage all these increases. So my theory is all this money is to cover the cost of covid and furlough because it’s cost a fortune and this is to pay the debt

Is there any doubt that's the reason?

A lot of money was printed during covid and the common man has to repay it.

And in terms of the UK, we are simply a broken country trying to live beyond it's means.

 

[urban genie]

It's called capitalism, exploit any situation to gain maximum profit

they will blame covid, war, famine, floods, resource shortages. etc but in they end it is just about greed

 

[jacko74]

It's called capitalism, exploit any situation to gain maximum profit

Incorrect.

The true ethos of free market Capitalism is actually a reasonably fair and egalitarian system which requires workers to be paid a decent enough wage for them to support the economy that they're part of and for prices of goods to be sustainable.

With the widescale profiteering and exploitation of both workers and consumers along with commercial entities being able to avoid paying their fare share of tax and often actually taking money from the government coffers what we have is Corporatism.

 

[urban genie]

Incorrect.

The true ethos of free market Capitalism is actually a reasonably fair and egalitarian system which requires workers to be paid a decent enough wage for them to support the economy that they're part of and for prices of goods to be sustainable.

With the widescale profiteering and exploitation of both workers and consumers along with commercial entities being able to avoid paying their fare share of tax and often actually taking money from the government coffers what we have is Corporatism.

Free market capitalism always leads to what we are seeing at present

this is a cyle of profiteering. econmies going to shit, recovery, lack of learning from the capitalist elite and repeating the same bollocks.

corporatism and capitalism go hand in hand and always leads to inequality, market failure, enviromental damaging quick fixes, short-termism,materialism and wealth hoarding, and the resulting boom amd bust economic cycle.