Bank governor in 'apocalyptic' warning over rising food prices

Hilly

Member
EC02931A-6D1F-4F05-B1AB-F09839D5BF1D.jpeg
I will be reet wi me bunnys .
 

oil barron

Member
Location
Aberdeenshire
Well you say that but with inflation rocketing, any government borrowing will be dropping in value as well?
Only if the inflation is on Uk produced and taxed goods. The inflation is mostly on energy (imports) and food (mostly untaxed and high percentage of imports). At the same time the BoE will have to reverse buying government bonds in-line with interest rate rises which will lead to a large increase in the cost of government borrowing. Also at the same time your core UK Tax basis on services is going to go into a recession hence reducing your tax income.

this is what stagflation is, and it is terrible. The BoE can’t fix it, only government can fix it by doing a monster U turn on energy and food security.
 

SFI - What % were you taking out of production?

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  • 100% I’ve had enough of farming!

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Red Tractor drops launch of green farming scheme amid anger from farmers

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As reported in Independent


quote: “Red Tractor has confirmed it is dropping plans to launch its green farming assurance standard in April“

read the TFF thread here: https://thefarmingforum.co.uk/index.php?threads/gfc-was-to-go-ahead-now-not-going-ahead.405234/
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