Price rises have slowed – but not in line with Tory targets. Because of GREED?

Last Updated: May 24, 2023By Tags: , , , , , , , ,

Shortfall: business bosses are pushing up prices in line with nothing more than their own greed, and we’re being told to meet these extra charges despite real-terms wages cuts.

Inflation has slowed from 10.1 per cent in March to 8.7 per cent in April – a tiny decrease of 1.4 per cent, suggesting that Rishi Sunak’s aim to halve inflation will not be reached for a long time.

The figure is now being driven by food price rises. These increases could be due to Brexit, and the extra costs now associated with bringing goods into the UK from Europe, and they could be due to the fact that EU workers are no longer coming to the UK to pick our own crops, meaning much of them have been left to rot instead.

(Or at least, that’s what we’ve been told.)

The other possible reason is that this is greedflation – that prices have been raised opportunistically by supermarket bosses who have enjoyed massive increases in profit as a result.

Grocery price rises stand at 19.1 per cent. They’ve slowed but that’s no consolation when it’s a climbdown from record highs.

It is clear that much of the reason for the current high inflation rate is Tory government – decisions by the Tories have artificially increased prices and, coupled with their efforts to cut workers’ pay, may be considered deliberate attempts to impoverish millions of people.

Successful attempts as well: more than 14 million of us – nearly a quarter of the population – are now struggling.

What’s to be done?

There certainly seems to be an argument for the introduction of a grocery price regulator, albeit with more teeth than those in the energy and water industries (as we’ve seen lately).

If supermarket owners are determined to push prices through the roof, isn’t it time a cap was imposed?

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One Comment

  1. Stu May 25, 2023 at 8:35 am - Reply

    Whilst all this Greed is going on being sanctioned and embraced by the Tories, they deflect and distract from it by having the press such as Telegraph (25th of May for example) produce a front page of bile filled hatred against those too sick to work, stiiring up division.
    It’s only a small step away from a “Useless Eaters” speech.

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