Cost Of Living: UK Inflation Stays At 8.7% | Good Morning Britain
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- Опубликовано: 20 июн 2023
- Chancellor Jeremy Hunt says the government won’t do anything which will prolong people’s inflationary agony, as the Government rules out major financial support for mortgage holders. Food inflation remains stubbornly high at 16.5% and higher than most other European countries. Inflation is expected so show a small fall drop but for most people, the cost of living crisis is set to get worse. So, what can you do to combat rising prices, mortgage rates and rents?
Broadcast on 21/06/23
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#GMB #ukgovernment #government #finance #inflation #costofliving 
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My greatest concern is how to recover from all these economic and global troubles and stay afloat especially with the political power tussle going on in UK.
The government knows. They aren't committed to attacking inflation. They are going to continue to inflate, stocks and commodities will continue to go up with everything else. You can't just sit on cash waiting for a crash, get your money working for you, start buying in slowly and then gradually increase the pace of buying as the prices continue to drop.
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Inflation, bank collapse, severe drought in the agricultural belt, recession, food shortages, diesel fuel and heating oil shortages, baby formula shortages, available automobile shortages and prices, the price of living place.
Government policy has thrown the future under the bus for decades. The day of judgment is near. I predict an 80% drop in the stock market. Investors will abandon stocks in favor of real estate. There will be no money in banks... You must devise a strategy for survival.
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Everything has gone up by 50 to 70 % in shops I see it and so does everyone else 10% is a joke !!!!! We are all being suppressed ! Let's hope this changes soon though I doubt it
It won't change, UK economy will be the first in the western world to hyperinflate
It won't change because people are sheep. Afraid to bring the country to a standstill and protest and create unrest like the French had done
Food inflation is calculated in supermarkets which means 20% is probably about right.
Probably a bit of price gouging going on in some smaller shops.
It won’t change or go down. Society is too dumb and distracted and 99% moan off their phones. CPI in 2023 a joke
I'm shocked by my shopping bill everytime I shop
We need to fund the loosing Ukraine war 😂
Modern era great depression.
I'm from the UK and all of what's been said is true. People are going through tough times and there is a difficult winter ahead. The biggest problem here is the gas and electric bill's have gone up 400% . Will be sharing this video with friends and families to help them realize and prepare. With inflation currently at about 10%, my primary concern is how to maximize my savings/retirement fund of about £300k which has been sitting duck since forever with zero to no gains.
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Really? Where I'm from people are flooding malls and supermarkets like never before. People seem to be spending like crazy
It is gone, we lived through the zenith of our time.
These bourgeoisie individuals in tandem with the corrupt govt. will take down this country like what happened to Rome. My condolences to anyone approaching retirement, you may have concerns over whether your pension pot will stretch to cover the rising cost of living, bad regulatory policies, bad energy policies and insane fiscal policies
I'm 54 and my hubby and I are VERY worried about our future, gas and food prices rising daily. We have had our savings dwindle with the cost of living into the stratosphere, we are finding it impossible to replace it. We can get by, but cant seem to get ahead. My condolences to anyone retiring in this crisis, 30years nonstop just for a crooked system to take all you worked for
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Remember the politicians who got us here are making thousands giving speeches around the world.
tories. dont blame them all.
exactly
it was the nation as a whole but polticians cashing in after their service is sheer hypocrisy
Brits - there are multiple toilets in EU, that require cleaning. It would be lovely if you could do that vigorously - we will pay you. It is better than dependency on food banks!
Its greed its not a cost of living crisis and should be seen as such.........its someone somewhere demanding their pound of flesh!
yup, record profits for energy, banks etc.
I earn slightly above average and can afford nothing with kids/ food inflation, taxes and mortgage. How are people coping..
Just reduce the cost of energy. It will filter through the entire system.
If we don’t fund The UKRAINE the energy crisis will end.
Can t , must pay for Ukraine war.
@@andrewcottle5372 Ukrainian live matter more than UK you fool
I love the fact on pmqs today, sunak said that labour would make the economy worse because they would borrow to reinvest in infrastructure. Is that such a bad idea? Is it Worse than austerity, degrading growth? Worse than brexit, that reduced production and farming in this country that reduced our gdp by 5%. Worse than liz truss' uncosted tax breaks for the rich which lead to the souring of bond levels and a 60 billion black hole in the countries budget? Worse than allowing 21 billion in fraud, 30 billion on a useless track and trace, worse than printing 900 billion in quantitative easing that was dealt out to the wealthiest people in the country? Worse than selling of portions of the nhs to private companies, at a discount, with the idea that this somehow would be sound money, even though people with poor health would be unintentionally a burden to society? Worse than reducing public funding under the belief that somehow the wealth accumulation of the wealthy would somehow benefit everyone? Worse than keeping immigrant workers out of the country which adds to the lack of growth in our economy and tax system? They need to go.
spot on
"Bond levels" are worse now than when Truss was in charge yet no mention in the gutter press. Sunak or Starmer is irrelevant you've all been taken for mugs by the bankers and their paid media.
@arandmorgan, sensible commentators like you are few and far between these days. The TV presenters are clearly clueless regarding the underlying economic issues.
Austerity is the sledgehammer approach and does serious long term damage.
Better approach is to invest and grow an economy out of it.
We made the same mistake in Ireland after the crash but our crash was far more severe.
Luckily we stabilized relatively quickly within 5 years and started investing immediately. Our economy is now double the size it was in 2010-2011
it doesn't matter what party is in charge, cost is going to keep raising. this country does not have a bright future.
derp. its much worse under tories than under labour. how TF can you say its the same? idiot
The thing is how is it that CEOs are getting pay rises and bonuses on top of their already huge salary and somehow the government is not complaining that is causing inflation? But when those of us on a low/average salary in the public sector ask for a pay increase, that is fuelling inflation?
Good for me but not for thee logic
Exactly. They will ask us to cut down on Netflix and Starbucks coffee (which most probably already have done) but they are not willing to cut down on their luxury lifestyles of designer clothing, flashy cars etc. Not just CEOs, but also bankers, MP's, top level staff in media...
They don’t know what they are doing
Actually they know exactly what they are doing. Everything is going ahead as planned where you'll own nothing and be happy
Inflation is a monetary policy decision and is the most pernicious of taxes. We are cash cows and we are being farmed. It does not have to be this way.
So glad I bought bitcoin in 2011. Leaving the UK soon and the NHS. Don’t see a future after brexit…it will take decades for the UK to recover from this mess.
Oh but we have billions for flipping Ukraine
Too right the government always says it has no money when it comes to British people but then has billions for weapons in Ukraine or sending to other countries in the foreign aid
@@chriswareing1991 Except that is a drop in the bucket compared to the actual problems that are actually causing this.
House prices become a crazy in whole UK which can't make me to go to work and work all day to pay rent and bills for no food no clothes no enjoy my life
Costs a lot to house the world's criminals.
Record low interest rates for past 15 years, not a cheep from the media about how that hurt savers who were losing money each month as inflation at 2-3 % and interest rates 0.1 -1%. Keep blowing up the housing market with first time buyer govt backed loans and stamp duty holidays. Anything to keep the unaffordable housing bubble inflated and then blame basic economics such as rising interest rates on mortgage misery . Bring on 6-7 % interest rates 😊
Finally someone that thinks the same as me ❤
Just remember everyone, it's nothing to do with brexit.
Inflation cannot be controlled by governments nor should it. There are other ways the government can alleviate the effect on rent/mortgages and food, that's their job now.
Inflation is how they're paying for lockdown and the huge money printing scheme that accompanied it. Of course they can control it.
Borrow beyond your means pay the price. No sympathy for those happy to gain 20%+ a year
Why did they put council tax up when all these MPs government new people were struggling they had the power to freeze that bill
gov gives councils less cash so they have to get it somewhere.
Absolute bollocks , the cost of most essentials has doubled ,8.7 my arse
We have been struggling for a long time. People are starving. Homeless. Bills and will be freezing in winter
What Plan is This Then ...... ?
"Cutting back on essentials such as takeways and treats" this woman is delusional. Plus her costs haven't gone up that much compared to many others.
What would top GMB celeb Schofield say!?😂😂
It’s not the govt job to look after everyone. The reason we are in this debt crisis is because we are dependent on these dumb politicians, unless we as individuals standup theses problem and crisis will be amoung us. The more dependent we become the more slaves we become of the system.
I mean it kind of is their job. Otherwise why is there even a government?
Cost Of Living: UK Inflation Stays At 8.7%.. nice sharing vidio
Well explained Salim
The presenters must be feeling the pinch
We have the highest interest rates in the world the definition of madness is doing the same thing over again and expecting a different result either the governor if the Bank of England resigns or he gets the sack.
Surely it can't go up anymore it's already a joke
When will the name of this change to "Another Bad Morning Britain"😂😂😂
Can they lower VAT?
Nothing personal against this woman, but why does she think that the tax payer has to pay more for all of her 4 kids?
Sorry, but I just had an "emperors new clothes" moment and, as a taxpayer who has contributed far more that I have taken, feel I need to ask this basic question.
a new Brexit tax is going to slap small businesses this year like cheeze and dairy products. EU will be implementing strict border for logistics, supplychain slapping fees, tax, queues, paper work for goods coming in and out of UK to the EU
Britain is completely ruined beyond repair on so many levels and inflation is unfortunately just one piece of the puzzle!! Greetings from a much nicer part of Europe from someone who saw through it all on time😎
Inflation is the artificial expansion of credit and debt. Guess why all of this coincides with all the government borrowing/printing and asset bubbles. Our entire monetary system is based on a debt currency, which must always expand. Talk about debt slavery?
British homes for British people
😢😢😢
It ashamed the prices are getting worse
Cause we need to fund the loosing Ukraine war 😂
When England had India and other colonies, it was so cool, eh? At least you have Rishi and Saleem now
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What is this “plan” to reduce inflation? Anyone heard any details of this “plan”?
What cost off living asylum seekers doesn't have that problem why so why not say as it
I'm originally from Shepherd's Bush Ladbroke Grove West London. In England you cannot make it without Jesus Christ of Nazareth Period. Without God on your side you will not make it ENGLAND you will not. Covid was the beginning and the Lord is trying to get our attention to turn back to Him. USA and England we was once a Christian country. Pray to God. The Government cannot help you only Jesus
Rates need to be 10%+
so, bankrupt loads of people will help will it? masses of house repossessions will help renters how?
@@kanedNunable well the renters will now be able to afford to buy.
Nice hair, nice suit, well shaven... where's the "service" money going?, excuse me while i be sick
Jesus, i have 3 kids and spend under 200 a month on food... which i still cant afford but Where's this woman shopping? Waitrose?! Lol
The house prices in UK must be crash everyone in the world not on the UK we can't afford to pay all the rent I was out to eat nothing is going to match up the rent too expensive
Rich companies will just buy cheaper houses from families..
inflation can only go up with this endless funding to other countries .😢
that is nothing to do with it you idiot. Learn economics. What did we do in COVID? God, you're so bloody stupid. Brexit + COVID + Ukraine + Tory austerity in the 2010's and this is where we are. Nothing to do with funding countries. We've stopped international aid. You're a clueless fool.
House prices became ridiculous selling at between double to triple the inflation adjusted historic norm. This housing bubble has been created through the abuse of ultra cheap debt which is now dragging down the whole economy. They need to allow the housing market to crash by 30-50% so prices go back to realistic levels. Data shows the so called housing shortage is actually not as big an issue as people think. The government are now out of options to try and prop the market up as any attempt to help would add more inflationary pressures and could cause gilt yields to soar again and lead to a run on the pound. I’d be dumping property investments and any shares in the banks right now, both are on borrowed time and the fallout is likely to be far worse than the financial crisis. They should never have allowed the house prices to become so out of touch with reality, this was always going to eventually happen. Just have to feel sorry for those who have bought in the last 10 years.
China is also likely to invade Taiwan in the next 2 years which will cause a huge increase in inflation.
I lost 2 jibs during covid, but because I got another job in the muddle if the planned killing process, I had no benefits gorgeous 10 weeks, 10 weeks,,I've put 45 years full national insurance in MY POT.. but I couldn't have none..350,000 taken from my wages, I have to work another 11 years. DO YOU THINK I WILL LIVE TO SPEND...HA HA HA HA HA HA HA..death tax, all my tax all my NI....GONE..
You have millionaire news presenters telling how bad poor people must feel just to stroke their own egos. That's what happens when rich people only have rich people as friends. If they had poor friends and knew just how bad they had it they would cry from disbelief if they had a heart
All on purpose
The definition of madness is doing the same thing repeatedly and expecting a different result . We should be pointing this fact to the BOE . Interest rates are the main cause of inflation that started with Liz Truss's attempt to giveaway money to the already rich .
Yes that's right Liz Truss caused the worldwide increase in interest rates. Do you think the billionaire controlled establishment media would have turned on Truss like they did if she was doing them a favour? I worked in the city for 20 years, Sunak and Starmer are 'our' guys, Truss and Boris aren't.
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"I currently have 4 kids" as if that's just temporary lol
Now people who thought it was great to have many children are regretting it
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