They Keep Lying To You About UK Inflation
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- Опубликовано: 16 янв 2024
- Inflation in the UK just increased up to 4.0% while CPIH remained at 4.2% and for some reason, Rishi Sunak, Jeremy Hunt and the UK Government are not celebrating.
The UK inflation problem is not over and one of the biggest problems is that the official inflation data is missing the biggest problem - the UK Mortgage Crisis.
We have a wage-price spiral which is making things worse and the only reason inflation is low is because the Owner Occupier Cost metric is artificially low and energy prices happen to be down.
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Crazy how industrial dishonesty by government is tolerated, pretty much without consequence
It's Lack of knowledge if you don't know what is really going to happen then you can't get out of the way I know that we are at the end of the current monetary system we have 1 percent of purchasing power left do you have wealth protection if you don't you really need to get some
The big issue is everyone today expects a report and paper catalogueing all "corruption" which is well, kind of silly. Corruption is the obfuscation of said evidence.
For example Sasha showed wording to suggest it is mostly made up by doing background maths on rents.
I guarantee you many Brits wouldn't believe Sasha and would ask for entire reports, news articles and papers showing exactly word for word what he claims.
Now, people asking for evidence is great. The issue with most problems is you need the cognitive ability to use inferential understanding, which most don't have.
They need it spelled out for them and if you have a corrupt government, then it won't be spelled out and will be obfuscated by these inferential wordings. That way they cover themselves when the clever folk identify it as saying they never hid or lied but simply used a "different metric".
Same shit, different shovel.
Honestly, I think as a nation, we expect it of this tory government now. 13 years of deceit and outright lies.
@@DarrenSmith-zz6fkno it’s corruption.
The public doesn’t need to be expert on everything mate.
This is why we have systems to deal with these things since fecking Babylon
@@thatguyuk1 Oh its been going on for much longer than just the last 13 years and don't expect a potential Labour government to do bugger all to change it either!
I work for a bank which has a new mortgage product launching soon, as an engineer. About end of November, I received the direction to implement a new data funnel from our disbursement and reconciliation system which collects all incoming mortgage payments, anonymises them, and forwards them to an HMRC api each day at midnight.
So don't let them lie - They have a direct, daily upload of mortgage payments made by _every_ individual and business in the country. Every. Single. One.
We need to get Sasha on question time!
I wish! The amount of prep I'd do if I was on there... :)
@@SashaYanshin mate people would be getting torn new arse holes 🤣
Fiona Bruce would ask for his comment and he would talk until the end of the programme! 😀
How do we make this happen!?! 😂
@@tombowman4489 we could storm the studio? Bit like what they do with Tommy Robinson on marches 🤣 not comparing Sasha to Tommy of course
We know they are lying, they know they are lying; and they are still lying!
Of course, because... government.
And egos.
Aleksandr Solzhenitsyn
That’s a lie!!
@@ouethojlkjn no, actually. It's the truth for once. Don't like it? Go cry. EVERYONE lies. If you don't like it or it "hurts" your feefee's that's YOUR denialism and disassociation. Doesn't make it a lie.
The quote is.
They are lying.
We know that they are lying.
They know that we know that they are lying.
We know that they know that we know that they are lying.
Alexander Solzhenitsyn.
"We printed 50% of pound sterling in circulation in the space of a single year... inflation was totally **unexpected!** "
Absolutely mental.
1. Can I have a source for this
2. Data shows that most of inflation has been caused by profits and second most by supply chain issues. Not "printing money"
3. Which year, inflation should be instant yet it seems this inflation had a 2 year delay, I guess if you can make return on investment in that time you have an infinite money glitch... Or is it that you have mistaken supply chain issues and profiteering and blamed it on quanitive easing, you know that things that caused no noticeable inflationary pressure in 2008, or 2009 or 2010 or 2011 or 2012 etc etc...
@@Alex-cw3rz This is inane leftist Krugman level psychobabble.
Point 3?! 😂 What even is the Cantillion effect?
"data shows"
You people uttely disgust me.
@@Alex-cw3rz sauce!!! *SAUCE!!*
@@Alex-cw3rzProfiteering is how economies work. Capitalists being greedy is now a valid economic theory.
My rent increased 10 percent. I am being priced out of my own country. Although I have to admit I no longer really want to stay.
"How much is it?" "A LOT!" "How much do we want it to be?" "Much less." - government in a nutshell. 😆
They been lying for years!
Great work mate. My University Professor said to me once: "When do you know that a person taking to you is an expert in their field? They present very complex problem in very straightforward way, allowing everyone in the audience to understand its mechanism".
Yes! This is along the same lines of ‘if you can’t explain it to a 6yr old you don’t understand it yourself’
This would be true if every person specialising in their own sector can communicate effectively. Unfortunately that's just not the case.
@@micmac8978 fair point, although there’s nothing good about that -they’re basically gate keeping knowledge which will die out with them.
Inflation goes up: It's not our fault
Inflation comes down: It's our responsibility
CPI shows a gross mismatch between the value and cost of products and inflation rate: It's nothing to do with us
It's maddening that people believe the politicians, objectively their claims don't even make sense. Maddening.
The reason they like CPI was that Labour under Tony Blair moved to that figure so they could inflate house prices with cheap lending facilitated by letting the banks set their own reserve ratios. This then made the growth figures look good and lots of money flew into the economy making the government look good. But in the real world loans are just taking from tomorrow to spend today and eventually it all comes crashing down as was proved in 2008. It’s all in the figures.
Lets.not pretend that Tony Blair was responsible for tje world banking collapse shall we🙄
That's very interesting.
It's just not true, is it?
@thedoveston6781 my comment was sarcasm as Blairs government and Gordon Brown gets blamed by The Tory mob for the financial crash in the UK when it was a world wide issue
Well, saddest thing is I am not even remotely surprised .
indeed, lies are what i have come to expect whenever a politician opens their mouth
i work from home, so i am remotely surprised.
@@buy.to.let.britain😂
its a joke whats going on in UK...the biggest clowns rule us
No trust left in parliament government. Not just me but millions of brits also feel this way. They want a complete changed political system. Listening to friends today talking. People are wise to wef who as well. Being fed BS only works for a short period time before people wise up which they are.
You need to understand that we are entering a neo futile system bigs.will get bigger at the expense of the rest of us we have no representation at all they need to exspaned the wars and we are going to see this I'm waiting for them to announce that Iran has newclear capabilities and they must be stopped I'm Laughing at all this misdirection don't forget that sunak said that he will reduce inflation not going to happen that's a fact iv mentioned that people need to take cash out of the bank and only keep enough to cover direct debts and mortgage payments get into the right spots commodities criptos and other hard assets like gold and silver can't bankrupt and has no counterparty risk in March we are going to see banks fall again they have no deposits no loans and no deals look at the debt market this is very simple to follow when yields spike bonds fall stock markets go up when the debt market meltdown happens stock markets around the world will calapes that's a fact watch the 2 year and 10 year carefully Liz truss was blamed for the LDI crisis when the bank of England was to blame for not raising rates in line with the federal reserve
95% are clueless.
WEF is simply one arm of global governance, it's part of a network of thousands.
The idea is to gain a consensus to officially do away with the traditional political system via public distrust. All intentional to get the plebs to agree to globalism, which ironically they already have.
Bet they still go vote in the theatre show that is though
@@loonaticsrunningtheassylumYes, because we need the tories out at all costs. Unless you wanna start a revolution right now?
@@ProsecutorZekrom monoparty mate, you're delusional if you think anything will actually change under labour.
Very good Sasha, thank you for taking the trouble to pull the data apart.
I genuinely love your videos because you make it really easy to see how we’re being bent over! I wish the mainstream media did even half the research you do, or perhaps they don’t want to report the truth…
The mainstream media are more capable of doing this research. They don't for a reason.
Mainstream media gave up on the truth, decades ago. The relationship between big business advertiser revenue and the truth makes it so.
It’s fine to highlight the problems which are most definitely real but pearl clutching and not offering solutions is just going to lead to a life of disappointment and heartbreak. Barring a massive political and social upheaval the status quo will remain and there are ways of doing well in our current form of capitalism. If everyone was losing there would be riots in the streets but there is a lot of (unequally divided) wealth in the uk
The right wing dominated mainstream media don't wish to report the truth because it's the tories in office, and many things have got a lot worse since the May 2010 general election through tory economic measures. But anything going wrong when labour in office is usually instantiy reported but it's also ridiculously overexagerrated to the nth degree.
Of course it's right to report thimgs gone wrong under labour, (but it should not be overexaggerated the way has been) but failing to report things gone wrong is a totsl digrace, it's total bias.
The right wing want to give the impression that it was labour when they last in office as the one to blame who caused the national debt snf trade deficit to both more thsn double since May 2010, the cost of living crisis, the soaring inflation and the fall in the pound to US$1.03 less thsn 2 yrars ago to try to help the tories overturn a massive opinion poll deficit before the general election even though all since Msy 2010 have been caused by tory economic measures, not labour ones. Sunak and Hunt blaming labour for it a too, they are s total disgrace. It's truly despicable, it stinks to high heaven. Labour have not been in office since May 2010 so they are totally blameless for the mess caused by the tory government since then.
Sadly too many fools continue to believe whatever the tory government says and what they read, hear and watch in the right wing media.
Csmeron's "We're all in this together" from 2010 to overexsggerate what he was inheriting from the last labour government is looking very shallow now.
The msm are paid up members of the Cabal. They only report what you are allowed to hear. Why do you think investigative journalism no longer really exists.
As soon as I saw these news reports this morning I knew this video was coming. You are my comfort RUclipsr. Keep it up!!!
Great video and really informative. Shocking to see ONS are using rental equivalency instead of mortgage costs in CPI-H. Outrageous!
This is how they get away with telling people the truth ONS figures are always wrong this time is no different don't forget inflation is falling because they said it is falling and the worst thing is that people believe that inflation is falling they'll say that they never exspaned that inflation would rise again it's the war in Ukraine Yemen those huthies have caused this to happen it was the Putin inflation last time nothing to do with their great policys lol
too top it off global fbx (container shipping index) marching upwards. Just fed up with this bs. Great vid Sasha keep informing people hopefully drive more people to open their eyes
UK - _it doesn't make sense_
Excellent update. Thanks. 🙏
Excellent as always 👏👏
Another belter Sasha - I simply cannot get people to open their minds and look elsewhere for their data.
I can't believe how many of these comments I missed! 🙏🙏🙏🙏
Wow. This is shocking!
Great and factual again Sasha thank you…
Thank you Sasha another great video !
When have they ever been honest. We the people need to wake up
I'm looking at products in the shops all the time. Looked at chocolate a couple days ago in Asda. The "Asda's own" cheap chocolate bars that used to be 30p are now 45p (50% inflation) over a few years ago. Galaxy Bars were £1.25 a few months ago and are suddenly £1.35 (8% in the last few months). The Brand "Nicky", who have been a lot of people's new go to option for toilet paper and kitchen roll had an increase of 35% in the last few months for their jumbo kitchen roll which was previously £1 and is now £1.35.
It's madness how quickly prices are rising right in front of us.
Hail Sasha!!
Very insightful thank you
Great content sasha. Keep exposing there lies!
The fact that you can't spell 'their' tells me all I need to know....
@@petermorris3665 The fact you have nothing better to do tells me all I need to know.
You made me 😂😂with that news. That's impressive. Subbed!
Agree with a lot of what you say, although I'd disagree slightly, I think its fairer to call it a price - wage spiral as various essential items have risen far in excess of the miniscule wage increases for most working class jobs at least.
This channel is simply brilliant - a goldmine of evidence based, plain English journalism.
Basically we’re skint but they are telling us we’re not …. Interesting..
I press like before I even start watching 😅 thanks Sasha
🙏❤ thank you Sasha ❤
What a solid find this channel is 👍
Same in the states...they ask some ppl what they think they could rent their house out for and use those numbers...it's hysterically bad.
I am in shock!
Excellent analysis. Also worth adding that at 8:09 that we're three months away from those massive electricity/gas/fuels negative effects starting to reduce their ability to drop the overall number.
What?
@@bearnecessiteespolio5359 Energy prices are massively down year-on-year (currently) as they were "very high" this time last year and are "significantly better" (but still above the long term average) now. As the 12 month old figure starts falling the difference between last year's and this year's figures will change.
You can see in the chart how there's a big step change every three months - I believe that's the effect of the energy price cap shifting.
The energy price falls have made a big contribution to the inflation figures. Once we get beyond a year from when they first fell they won't have the same effect in dragging down the inflation rate and it will be very hard after that to get it down to 2%. Interest rates will stay at this level until towards the end of the year imo.
We're on the octopus energy tracker tariff so are benefitting from the price falls. Would definitely recommend it. You need a smart meter.
Yes this is the very definition of data being what you want it to be. Keep looking at the source data 💯🎯
Thank you for this content.
Thanks for watching and supporting!
2:39 You don't even pause for breath when interrupted by your dog! Amazing! 😃
Another excellent post.
But more importantly, Kate is having an operation and Love Island's Jake has left Liberty in tears.
The English are still Normans and peasants, and we love it.
Very good said…
the world is just a stage ) fiefdom, as always
From Terence Wise.......Great video very revealing and worrying.
Excellent video. Thank you
Thanks for watching! 🙏
Yeah..yeah…that’s also why food is still going up by 11%…. Things have not slowed down.
8% in the latest report.
Try 30% increase on food item essentials.
Some things have doubled in price
greed
@@shanibayes524 & halved in quality
Thankyou for explaining this to the common person in the street very informative
Just confirming the bull S that the government’s keeping spewing out as I have always believed to true 😮
House prices were 50k in my middle age, now those are nearly 500k, that's 10 times generally, ditto electricity and supermarkets have tripled their profits since covid that 300% in 3 years! Yet petrol and diesel are slightly cheaper. 🤔🤔🤔🤔🤔
we would be shamed to sell a house for that price
Inflation feels much higher to people because they average the price of goods across the whole of the supermarket, including things that we buy once a month and things we buy 20 times a month. My food shop is almost double even though some items have stayed the same price.
Yes agree. Whatever the gov stats say, my food bill has practically doubled in 2years (I can see the receipts), and services are at least 20% higher than even a year ago. I just need to look at my own bank balance records to see that, despite no change in my circumstances and buying habits. This claim that consumer prices are 4% higher than 1 year ago is utterly misleading. Also, petrol being nearly £2/L not that long ago, and we were all paying £100 to fill a basic family car. Historic spiking gets lost in the noise, but the effects are that people were exposed to hyperinflation with real costs also. Not only are supermarkets more expensive, but the sizes and content has been degraded at the same time on many items, but still with the increased pricing.
Great video - I can't believe this! (well I can actually unfortunately)
So if you don't own a car or have an electronic car inflation is still at around 7%. I noticed when doing Christmas shopping that everything I bought from Amazon was 133% of the price I paid last year.
This is genial!!!
Where does “fact-checking” start exactly? Is this even legal? Where is the FIA in all this? Is this government so wilfully reckless and lawless?
OOH, as in.... OOOOHHHH THAT FEELS GOOD TO LOOK AT!
I have the ability to look into this from within and will be doing so tomorrow
Your videos make me realise how screwed up we have become over the years
If only they put half as much effort into doing their job as they do trying to look like they're doing their job.
Dog. Brilliant
Defintion of OOH from ONS. Holy cr*p. That is absurd. Thanks for calling this nonsense out
Looked into it and really had to share - I actually didn't know this until I investigated. 👍
Absolutely bonkers - my inflation rate is ~50% in 2023 - hyper-inflation anyone ?
Agreed, my mortgage is up 22%, utilities up over 100% (monthlys still more than double than original), food weekly is up 20% easily and as a savvy buyer of second hand items of all sorts - clothes, electronics, car parts etc - these prices have all risen across the board too. @@Isaachar72
It makes sense if you assume that most rentals have a landlord paying a mortgage, and all LL costs including mortgage are covered by rent. Then just adjust for the proportions of types of property in each sector and voila.
It obviously falls apart when there’s a big and sudden spike in interest rates, and a lag in rents incorporating increased costs.
I’d expect this methodology to capture the increases on a delay, so will be curious to see future stats.
Great Video!
Damn you’re good 💪
Fact alone that the prices of gas went all the way down and we are all paying almost the highest rate in decades, is just absolutely ridiculous , there's no words. Energy businesses are turining into Apple's way of doing stuff, as long as they pay its fine we can charge them 200-300% of the normals prices -_-
Another Great video sasha 👌 do you have any advice about avoiding inheritance tax ? Thanks
This is such an important video, well done Sasha!
Inflation rates are always reliably unreliable because the difference between the real numbers and the official numbers = stealth tax!
We have been in a recession..10 yrs ago 😢
Techniczny 👍
Brilliant content and analysis! However, if the ONS estimate for owner occupier costs are based on the rental costs for equivalent properties, then Interest rates are taken into account because rental values are dependant on interest rates ( paid by landlords).
Gonna be one hell of a shock for prices when the uk attempts to do import checks at the end of this month
we got brexit dld all what we need .
When the EU introduce fingerprint checks, etc, for Brits travelling on the mainland, it will be more difficult for us to travel around Europe than it is for illegal immigrants
Great video thank you; explains why many of us fail to understand why inflation stats and what we see are, at odds!
However, a large element is energy, and I have been tracking LNG for over 2 years and we are now down at pre-Ukraine war prices for wholesale LNG but we are all still paying over 200% more in our homes.
The fall in wholesale price was about 9 months ago! The government cap on prices has moved very little in comparison. I know suppliers hedge by buying large contracts but 9 months on some of these must surely have expired? Also new contracts should be at a much lower price. If the energy market is truly free, new suppliers could enter and buy new contracts at a massively lower price.
Can any explain what is going on and who is making a fortune on the massive difference between wholesale and retail gas prices?
The energy cap went up in January, so that should come back in next month.
It's weird how a private for profit business once they've been given an excuse to raise prices which no longer applies will continue to charge as if it does. Except airlines apparently.
Same in US bro it’s phckin insane
The dog is so cute 😂
Private rent on my estate in Liverpool has more than doubled over the last 2 years
Haha surprise doggo was fantastic
Becoming the main event on the channel!
great vid
"A few of them will figure it out but not enough to make a difference".
Sasha you are a legend. RUclips boost this man to the moon
I thought about you when i saw the headlines. You called it.
I only listen to you Sasha, you explain things in a way humans can understand instead of just spewing word salad like the "experts" in mainstream.
Love the channel buddy
OER owners equivalent rent, is similar in the US. It is now a method of hiding highly leveraged asset price increases from finding their way into inflation calculations. It's how housing prices can double and inflation can still be below 2%... it is the only number included in inflation calculations that aren't based on actual prices.
Minimum wage almost 18% in 2 years (as of this April). This is huge, let alone private and some public sector rises too. All inflationary!
They are doing the exact same tricks with the CPI data in the US.
"They lie about alot of things"
Spot on, i bet mortgage rates will be going back up
For your next trick, see if you can find out what each party thinks the word "affordable" means.
Would be a good question on Question Time 🤣
@@SashaYanshin :D
Those who have been paying attention since 1980 will know that the reason mortgage costs are not included in the CPI, is that the government are trying to avoid an interest rate spiral. Someone kept cranking up the base rate because inflation (including mortgage interest) kept rising. When cause and effect are the same, then it gets ugly pretty quickly. I don't think any government ever understood inflation, or managed it correctly.
So in a way they kind of have to lie because it literally stop things from becoming unmanageable?
Yeah, if the Bank of England’s only tool to reduce inflation is to increase interest rates, then including housing in inflation is counterproductive because it is the thing where the cost goes up when you increase it.
Hiding the data does not make it go away. The full picture would show that increasing interest rates too much can be counter productive and reduce the chance that the BoE would case a recession by putting them too high.
@@jonnydoeson5562 They don't have to lie, but they are always compelled to do the wrong thing. I think mainly that's because the right thing for them is the wrong thing for us.🙂
House prices. As a function of supply and demand. They have not built enough and lost control of demand through uncontrolled migration.
I would think they do track it, since the annoying calls I got from them 5 times they asked every time if I own/rent and how much my mortgage and bills were at the time.
🤣🤣🤣🤣you are the best!! xx
🙏
more doggo!
She really wants to be in these videos! :)
2:25 y axis title 😂😂😂
It's SCIENCE!
And is the type of "inflation" that supermarkets participate in from week to week, with them raising prices whenever they feel like it?
Y-Axis: 'Extent of Fucked' LOL. Love it Sasha. Never change.
They keep lying full stop.
"Extent of f*cked" on that chart was glorious
They’re taking the piss guys!
Also dont forget a lot on minimum or just above minimum wage get some sort of top up and rhat will reduce, so no extra at all just less for Government to pay out.
Let this sink in…Sasha’s puppy knows more about what’s wrong and how it can be fixed than Rishi and Jeremy Hunt combined.
We’re f***** 😔
No shit they keep lying.
The energy cost *always* lags wholesale costs.,, that’s the point of the cap.