sidcow Posted June 22, 2022 VT Supporter Share Posted June 22, 2022 (edited) Thing is I just can't see how it's going to get better. We're not going to suddenly change our stance on Russia. No one else is going to suddenly start supplying an absolute shit load of oil and gas. The answer should be for the western world to go on war footing mass manufacturing heat pumps to drive the price down, same with Solar Panels and we should go big on land wind turbines, but nothing seems to be changing and the dickhead tories won't even sanction land based wind turbines which is the cheapest form of electricity known to man We're going to be in this same boat for year's, how's it going to end? Edited June 22, 2022 by sidcow 2 Link to comment Share on other sites More sharing options...
Davkaus Posted June 22, 2022 Share Posted June 22, 2022 (edited) 4 minutes ago, sidcow said: We're going to be in this same boat for year's, how's it going to end? Climate catastrophe? You're right, we do nothing, even when we are staring problems in the face and they're not lurking years down the road, we do nothing or not enough. Things are really shit compared to 5 years ago. In 10 years, I wonder if we'll be looking back to today thinking "Well, £2 a litre wasn't so bad, and it was a lot cooler..." Edited June 22, 2022 by Davkaus Link to comment Share on other sites More sharing options...
Genie Posted June 22, 2022 Share Posted June 22, 2022 15 minutes ago, Davkaus said: I think I can understand from his perspective not telling people to pay more now to save money in the long term when there could theoretically have been intervention to keep the price cap lower. People would have been raging if he'd convinced them to pay more to dodge even bigger rises that didn't come. I do recall him being so absolute about it though, rather than encouraging people to weigh it up themselves. First time I've really doubted him and ignored his advice on over a decade of following his content, though, which is an enviable track record. Even the comparison sites and likes of look after my bills were saying not to switch or lock in. They all got it completely wrong. I guess it’s the war that has changed the energy landscape. 1 Link to comment Share on other sites More sharing options...
Xela Posted June 22, 2022 Share Posted June 22, 2022 2 hours ago, lapal_fan said: Everyone making up for the last 2 years, even though a lot of companies are posting record profits. Why not use the pandemic as an opportunity to make a few extra quid??? Yep. A lot of companies made a huge amount of money during the pandemic. The free money tree and furlough has helped a number of businesses post record profits. Link to comment Share on other sites More sharing options...
Xela Posted June 22, 2022 Share Posted June 22, 2022 29 minutes ago, Davkaus said: Things are really shit compared to 5 years ago. In 10 years, I wonder if we'll be looking back to today thinking "Well, £2 a litre wasn't so bad, and it was a lot cooler..." I often say, western civilisation peaked at the year 2000 and the millennium. Been a downward spiral since. 2 Link to comment Share on other sites More sharing options...
Follyfoot Posted June 22, 2022 VT Supporter Share Posted June 22, 2022 1 hour ago, sidcow said: Thing is I just can't see how it's going to get better. We're not going to suddenly change our stance on Russia. No one else is going to suddenly start supplying an absolute shit load of oil and gas. The answer should be for the western world to go on war footing mass manufacturing heat pumps to drive the price down, same with Solar Panels and we should go big on land wind turbines, but nothing seems to be changing and the dickhead tories won't even sanction land based wind turbines which is the cheapest form of electricity known to man We're going to be in this same boat for year's, how's it going to end? Project repower EU Link to comment Share on other sites More sharing options...
Genie Posted June 25, 2022 Share Posted June 25, 2022 Just placed an order at the usual Chinese take away for the usual order. It’s up from £14.30 last time to £15.90, 11.2%. 1 Link to comment Share on other sites More sharing options...
sidcow Posted June 25, 2022 VT Supporter Share Posted June 25, 2022 (edited) None of these things are going to suddenly come down again in the unlikely event oil and gas getting cheaper so unless wages are allowed to catch up its going to take 3 - 4 years for consumer spending power to get to where it was 6 months ago. Edited June 25, 2022 by sidcow Link to comment Share on other sites More sharing options...
The Fun Factory Posted June 25, 2022 Share Posted June 25, 2022 When I go food shopping now practically every product has gone up in price in the last few months, and fully expect another couple of sneaky price increases this year. Link to comment Share on other sites More sharing options...
Genie Posted June 25, 2022 Share Posted June 25, 2022 It’s just open season now, everybody is slapping 10-15% onto everything whether they need to or not. Link to comment Share on other sites More sharing options...
foreveryoung Posted June 25, 2022 Share Posted June 25, 2022 On 22/06/2022 at 18:37, Xela said: Yep. A lot of companies made a huge amount of money during the pandemic. The free money tree and furlough has helped a number of businesses post record profits. Lot of dormant companies made alot of money in the pandemic too! 1 Link to comment Share on other sites More sharing options...
turvontour Posted June 25, 2022 Share Posted June 25, 2022 On 22/06/2022 at 15:39, Davkaus said: I'll tell you who else is trying it on, the big pizza chains have really ramped up the prices lately. Tried to order last night, and a large pizza is now about £23 and they have all started charging a delivery fee, as well as ramping up the cost for changing topics/creating your own. Exact same order that cost us £18 a few months ago (2 large pizzas delivered with 4 toppings and stuffed crust, bogof) came to £32 last night. They can get ****, we went to the supermarket and got some frozen ones. Takeaway pizza is just something I refuse to order now. A few years ago some of the offers would make it slightly more reasonable. But ye, pizza hut, Dominos etc all have pizza on their menus at £22 now, which is just insane for bread, tomato paste etc. 1 Link to comment Share on other sites More sharing options...
turvontour Posted June 25, 2022 Share Posted June 25, 2022 On 22/06/2022 at 17:33, Davkaus said: I'm really glad I ignored Martin Lewis's advice about 9 months ago and I'm locked into a deal that was a little expensive at the time, and above the price cap right then, but way cheaper than what was coming. He's usually brilliant for consumers but that advice has cost a lot of people hundreds if not thousands. Unusual wishful thinking from him when it came to staying on the price cap, hoping something would be done. To be fair, I dont think he could have predicted the Russian invasion of Ukraine. Energy prices would be back at historic norms now if it wasnt for that. Link to comment Share on other sites More sharing options...
turvontour Posted June 25, 2022 Share Posted June 25, 2022 5 hours ago, Genie said: Just placed an order at the usual Chinese take away for the usual order. It’s up from £14.30 last time to £15.90, 11.2%. The one I notice most is the local Indian restaurants which have always advertised a midweek meal offer in their windows, and that has more or less doubled in price in the last three years. It's one of those price signs that they clearly keep rubbing out and then writing back over the top with a higher price. £7.95 up to £13.95 now. 1 Link to comment Share on other sites More sharing options...
Ingram85 Posted July 8, 2022 Share Posted July 8, 2022 As the kit thread wasn’t the place for it I thought I’d let everyone know it’s all ok. As user @jimpointed out, we aren’t in a crisis at all. Ukraine are. Starving freezing kids living in poverty need not worry. 1 Link to comment Share on other sites More sharing options...
AVFC_Hitz Posted July 8, 2022 Share Posted July 8, 2022 3 hours ago, Ingram85 said: As the kit thread wasn’t the place for it I thought I’d let everyone know it’s all ok. As user @jimpointed out, we aren’t in a crisis at all. Ukraine are. Starving freezing kids living in poverty need not worry. I saw your posts in there. My posting social anxiety stopped me from wading in on the nobbers on your behalf but as I've had a karaf of wine, I might. Too many "I'm alright Jack's" in this world. 2 Link to comment Share on other sites More sharing options...
sidcow Posted July 19, 2022 VT Supporter Share Posted July 19, 2022 (edited) So according to the Office for National Statistics, pay is falling at the fastest rate since records began when taking into account rising prices. So according to all traditional thinking that's inflation solved yes? I'm no economist but it strikes me that inflation is purely down to increasing fuel costs. I just don't see why the experts keep banging on about not giving tax relief or allowing wage rises are going to increase inflation? Surely fuel costs are not going to come back down so at least these measures will help the equilibrium. Right now people are literally shitting themselves about how the hell they're going to pay for the gas and leccy this winter. They're not going to find a bit of extra cash in their pocket and then go on a spending spree are they. Am I missing something? I don't think traditional thinking applies to the current inflationary spiral. Maybe the world did need a reset as we've been relying on overly cheap fossil fuel for too long. Edited July 19, 2022 by sidcow Link to comment Share on other sites More sharing options...
CVByrne Posted July 19, 2022 Share Posted July 19, 2022 11 hours ago, sidcow said: So according to the Office for National Statistics, pay is falling at the fastest rate since records began when taking into account rising prices. So according to all traditional thinking that's inflation solved yes? I'm no economist but it strikes me that inflation is purely down to increasing fuel costs. I just don't see why the experts keep banging on about not giving tax relief or allowing wage rises are going to increase inflation? Surely fuel costs are not going to come back down so at least these measures will help the equilibrium. Right now people are literally shitting themselves about how the hell they're going to pay for the gas and leccy this winter. They're not going to find a bit of extra cash in their pocket and then go on a spending spree are they. Am I missing something? I don't think traditional thinking applies to the current inflationary spiral. Maybe the world did need a reset as we've been relying on overly cheap fossil fuel for too long. It is more than simply fuel costs. There are three key elements to the current inflation 1) Energy prices 2) Govenment stimulus / money printing 3) Supply chain problems due to covid What is known about how to curb inflation is as follows 1) avoid a wage / inflation spiral where they chase eachother 2) Raise interest rates and keep them raised until inflation has come down significantly 3) Focus on tackling core inflation (that excludes food and energy) Governments should use direct help for those who are worst hit by rising energy and food costs. So direct assistance to help pay energy bills. Also also spread wage increases disproportionately so it is skewed towards the lower paid as they are by far the most impacted by inflation. Link to comment Share on other sites More sharing options...
mjmooney Posted July 19, 2022 VT Supporter Share Posted July 19, 2022 I'm noticing a lot of 'price increases by stealth' - same price, smaller portion per package, that sort of thing. The shower gel I use has become watered down, etc. 2 Link to comment Share on other sites More sharing options...
ender4 Posted July 19, 2022 Share Posted July 19, 2022 11 hours ago, sidcow said: So according to the Office for National Statistics, pay is falling at the fastest rate since records began when taking into account rising prices. Well I got a 0% pay rise and a zero bonus this year so doing my bit to keep inflation down 1 Link to comment Share on other sites More sharing options...
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