Bank governor in 'apocalyptic' warning over rising food prices

Hilly

Member
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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.
 

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HSENI names new farm safety champions

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Written by William Kellett from Agriland

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The Health and Safety Executive for Northern Ireland (HSENI) alongside the Farm Safety Partnership (FSP), has named new farm safety champions and commended the outstanding work on farm safety that has been carried out in the farming community in the last 20 years.

Two of these champions are Malcom Downey, retired principal inspector for the Agri/Food team in HSENI and Harry Sinclair, current chair of the Farm Safety Partnership and former president of the Ulster Farmers’ Union (UFU).

Improving farm safety is the key aim of HSENI’s and the FSP’s work and...
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