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Thread: Latest example of rip off Britain

  1. #1
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    Latest example of rip off Britain

    Food prices in Britain are rising at three times the rate of the world’s seven biggest economies.

    Figures from the OECD put UK food inflation at 6.3 per cent, well ahead of the average of 2.1 per cent for the G7 group of nations.

    The cost of putting meals on the table is also rising much faster than most of Europe.

    The average annual rise in Ireland is only 0.3 per cent, while it is running at 0.1 per cent in France, 0.8 per cent in the Netherlands and 2.1 per cent in Belgium.

    The figures will anger British shoppers amid mounting suspicion that UK supermarkets are turning the screw on consumers to boost profits.

    The OECD said only Turkey, Estonia, Hungary and Korea had a higher rate of food price inflation among the 34 countries it surveyed.

    There is a suggestion that the ‘big four’ supermarkets – Tesco, Sainsbury’s, Asda and Morrisons – have used concerns about increasing global commodity prices to push through unfair increases.

    Research by analysts at UBS shows commodity inflation would justify a 3 to 3.5 per cent rise in processed food prices, but UK supermarkets have lifted prices by 6 to 6.5 per cent.

    Economists Paul Donovan and Larry Hatheway, who co-wrote the report, said: ‘Prices are rising in excess of justifiable cost increases.

    ‘The UK stands out as having the broadest range of food price increases.’


    Read more: http://www.dailymail.co.uk/news/arti...#ixzz1G6VqNsyV


  2. #2
    Moderator Arthur Little's Avatar
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    Quote Originally Posted by Dedworth View Post
    Food prices in Britain are rising at three times the rate of the world’s seven biggest economies.




    ‘The UK stands out as having the broadest range of food price increases.’

    Read more: http://www.dailymail.co.uk/news/arti...#ixzz1G6VqNsyV
    Well ... I suppose it's to be expected in the wake of the recent VAT rise!


  3. #3
    Moderator Arthur Little's Avatar
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    Quote Originally Posted by Dedworth View Post

    Hungary had a higher rate of food price inflation
    ... while its population remains hungry!


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    Respected Member keithAngel's Avatar
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    Is that on "real" food i wonder or on processed half ready joke food

    Oignions here are nowŁ3.00 a kilo more than fat free pork
    Absit invidia

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    Quote Originally Posted by Arthur Little View Post
    Well ... I suppose it's to be expected in the wake of the recent VAT rise!
    No VAT on most food Arthur and on the stuff that is vatable the VAT increase would give an overall rise of 2.1%

    Look here for EU VAT rates most have been on 20% plus for a long while

    http://www.tmf-vat.com/vat/eu-vat-rates.html


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