He’s good at this isn’t he? Love how he took no shit about the 80s and Thatcher towards the end in this. He speaks for me and so many others who are sick to death of being ripped off in this country.
GLOBAL inflationary pressures as a result of successive SUPPLY shocks:
👉Covid lockdowns
👉Ukraine
👉Iran/Hormuz
+general shift towards deglobalisation/competitive economic nationalism
Does the government borrow too much to cover day-to-day spending? Yes. But this is not the principal cause of inflation. UK uniquely exposed to inflation/bond market rout due to:
A) import dependency, esp. energy imports
B) “moron premium” (since Truss budget)
And yes, Thatcherism had a major hand in creating a services-dominated, import/FDI-dependent open market economy, highly vulnerable to supply shocks & international trade/capital flows. We should be responding with:
👉large-scale public&private investment in renewable/nuclear energy generation & grid (+ N. Sea during the transition)
👉investment-led reindustrialisation + supply-side reforms on planning etc.
👉balancing day-to-day spending with broad-based tax rises & departmental savings
And yes, privatised utilities DO cost bill payers more — borrowing at higher rates & paying significant dividends (often to foreign state entities/private shareholders). Unfortunately, I’m not sure how this is fully remedied in the current context. Priority on public borrowing should be investment in new fixed capital formation, not simple asset purchases (desirable though they may be).
Greggs listens to customers and reintroduces beloved menu items.
The cowards at @McDonalds continue to ignore the cries for the Chicken Legend.
One day we will win.
The discourse around this demonstrates the divide between white collar workers; for whom a drink during a working lunch, or client meeting is the norm, and blue collar workers for whom a single unit of alcohol consumed on shift leads to a P45
"You can smell the alcohol when people are in between votes."
Green MP Hannah Spencer tells us what Westminster is REALLY like.
The full interview is live on YouTube, and as a podcast here: https://t.co/s4mKAc0xku
The challenge is that in the older days, there used to be store detectives that used to go around per region. They'd get to know their stores, patterns and the like.
Often catch colleagues robbing as much as customers.
Then they were restructured out of existence, the bean counters could prove the savings (on wages etc) but the impact on shrinkage (IE Theft) wasn't known as obviously the store detectives / whatever existed.
3rd party guards (Mitie and whoever) are contracted in and of course, we all know with contractors, very rarely is it a good news story.
What happens over time is that bill (initially outsourcing is great!) is reduced which means fewer stores get a guard for fewer days and eventually, the race to the bottom means that the worst stores get a guard but often the guard changes. (Contractors).
Then if a store starts to report loads of theft on the internal tools, they get a guard and are eligible due to attacks on staff, or similar.
So the guard is added, things settle down, the thieves often then go elsewhere for softer targets.
Then buoyed by the success, guess what? The guard is removed as that store no longer needs it.
Then the thieves come back!
Rinse and repeat.
This is the same with hours on the shop floor, minimum manning and the gradual reduction in any form of standards in most of the retailers.
The ones that perform the best - IE Sainsbury's, Tesco, M&S are the ones with the best standards.
Asda have recently changed their in house guards (operated by Asda) to a 3rd party, so some bright spark in the office can show a saving and put it on their Linkedin profile.
But given the climate we are currently in, with rising shop theft, this is one of the most short sighted decisions ever seen in UK retail.
I think most Brits had a bit of a love/hate relationship with Americans. We admired their ambition, their music & film, their openess. We were less keen on their boasting, their global ignorance, their guns, their sense of superiority. Under Trump, most of that love has now gone.
@dresserman This is what happens when merchandisers don't get samples before having to complete plans... Though you have to question why a buyer would sign up to this packaging style with no side facing labelling
@Artzee_eff@DominicMcGregor My mistake, I wasn't aware of this new data.
Generally assume polymarket tweets to be unreliable as they regularly distort facts with attention grabbing summaries!
Britain BACK TO THE 1970s? Don't threaten us with a good time!🕺🇬🇧💃
💪Average annual GDP growth of 2.7% across the decade
💪Productivity growth consistent with post-war trend line (2.3%pa)
💪Real wage/household disposable income growth of 30% across decade (higher than RHDI growth across '60s/'80s)
💪200k-300k houses built every year for 15m fewer people
💪Falling national debt-to-GDP ratio (~50% – today it's 100% and rising)
💪North Sea revenues about to start
💪"Family silver"/national assets still in British public ownership
I'd swap all that + some dysfunctional industrial relations + filthy streets/planned blackouts + bad food, over whatever we've had since 2008, i.e: ~20yrs of 0% productivity growth; 20yrs of ~0% real wage growth; a housing affordability crisis; utilities & core strategic sectors sold off to foreign buyers; + a FDI/trade-dependent open market economy about to enter a period of competitive economic nationalism/Great Power rivalry/deglobalisation, having just stagnated and done nothing for 2 decades.