What high inflation means in the UK - BBC News

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  • Published on Jan 18, 2022
  • Inflation in the UK is at its highest rate for 30 years, having risen to 5.4% in the 12 months to December.
    The jump in the cost of living is being driven largely by rising fuel and energy costs.
    Right now, prices are rising so quickly that the money people earn does not go as far, putting ​further pressure on households
    The BBC's consumer affairs correspondent, Colletta Smith, breaks it down.
    Please subscribe HERE bit.ly/1rbfUog

Comments • 1 462

  • Fenrir
    Fenrir 4 months ago +141

    Notice how she says "we are supposed to get used this high inflation" when the rich are getting richer and paying less tax

    • Harold Cruz
      Harold Cruz 20 days ago

      No worries CBDC (central bank digital currency) is in the works so that the bankers and politicians can benefit greater once something like this ever happens again.

    • Tourmelion
      Tourmelion 3 months ago

      Or if there's enough maybe we can vote in more sensible people as MP, and things can gradually get better

    • Tourmelion
      Tourmelion 3 months ago

      @Pixel but, we could both act our way into high positions, push nice people in, collect info, and once at the top heads shall roll, a complete shake in the gov, a reshuffle to end all reshuffledles, with that we can get more decent people running the gov, of course we won't be able to fix everything, but we'd start on building something that can carry on well into the future, getting ins into the government, latch on, and progress further, MPs often do a lot of deals with donors, they club alot, I genuinely think it's impossible to be honest and get into gov, but we can spy our way in, englands going to shit, we need to fix the gov, we all interact with it, and sooner or later, if it gets bad enough, it'll start going for people who actually make well of the people around them, charities, public servants, they're already trying, if people like us give up on taking down such people in gov, what's going to happen? The what ifs just make me more desperate, what if we lied our way into big positions, it's not honourable, or kind, or respectful, but if we don't, who's going to take our place?

  • Art Consciousness
    Art Consciousness 4 months ago +340

    Wow; basically this is what is going to happen, get used to it, and we have no solutions to it. Very comforting.

    • Harold Cruz
      Harold Cruz 20 days ago

      No worries CBDC (central bank digital currency) is in the works so that the bankers and politicians can benefit greater once something like this ever happens again.

    • Karan Kadam
      Karan Kadam 3 months ago

      That's what happens when you get refugees and welfare freebies is given to them.
      That what happens when British taxpayer's r made to pay for aid fund's donations charity TO Afghanistan Syria even if it is mistake , responsibility & mismanagement of Taliban & Assad .
      Why should British taxpayer's pay for others to MPs minister's government pay British people bills , debts ? Provide everything free ?
      Yes what can be done .
      Pressure Local government MPs minister's government MLA courts judiciary law firms to Stop aid CHARITY donations funds to Afghanistan . Sue Taliban Afghanistan like HAVLISH PLAINTIFFs for compensation from Taliban for terrorist victims , people who served in Afghanistan and return of taxpayer's money spent on Afghanistan from Taliban otherwise don't pay tax and ask for re imbursement for taxes paid by u and your families and grand parents .
      Where are those law firms , lawyer's who always help for refugees migrants people will they help Locals now.
      Act fast or diee bearing pain
      ☝🏼☝🏼

  • frank kurt
    frank kurt 4 months ago +40

    Nice video !! Very engaging from the beginning to the end , I'm new to crypto trade abe I have been making huge losses but recently see alot of people earning from it .can someone please tell me what I'm doing wrong.

    • Harold Cruz
      Harold Cruz 20 days ago

      No worries CBDC (central bank digital currency) is in the works so that the bankers and politicians can benefit greater once something like this ever happens again.

    • SueDenim
      SueDenim 2 months ago

      @DM it's bots friend but thanks for the insight, wall street here I come

    • DM
      DM 2 months ago

      Sell high, buy low.

    • Jamie Erik
      Jamie Erik 4 months ago

      My weekly earning from his strategies are mind blowing🤑🤑

  • TD B
    TD B 4 months ago +79

    A few years ago, I was looking at moving to the UK (I'm an Australian with dual Aus/UK citizenship as my mother is from England). When I looked at wages there, I was shocked. Kids working in stores in Australia earn more than many workers in the UK. I don't know how anyone can afford to survive there, given that rents and prices are high, yet wages are staggeringly low. I know a lot of people who have moved to Australia from the UK and whilst they're homesick, they agree they can never return because they are too used to have disposable income, a decent work/life balance, and the ability to live comfortably without having a senior level position. Years ago, Australians would move to the UK to earn pounds (amongst other reasons). Now it's the opposite, I know so many people from the UK who came here to earn good money and accumulate savings.

    • D C
      D C 3 months ago

      I don't find the UK that expensive to live, my rent is about 20% of my House hold income

    • Lingfeng Ge
      Lingfeng Ge 3 months ago

      @Haroon alex Not really. The Labour Party is too weak.

    • Haroon alex
      Haroon alex 4 months ago +5

      If Tories Leave✔ Everything will be Better Again✔

    • Tobias
      Tobias 4 months ago +9

      I would never move to Australia what your police and government is doing to you citizens is sad, like when they threw an old woman in a police van for having a coffee without proof of vaccination.

  • MrAvant123
    MrAvant123 3 months ago +9

    I never went to the shops much even before covid other than for foodstuffs. On monday I went to a large retail park near Bristol and had a good mooch around the clothes shops etc. I was utterly shocked at how so many retailers thought they could claw back covid losses with high prices for basically cheap crap (yes M&S you are not blameless !). As for groceries something that was £1 in November is now £1.10 or £1.12 now. And Diesel at 1.499 a litre to boot. I could see this happening like a freight train coming down the tracks. I feel very sorry for those families that struggled before...

  • NEVIL K JOSEPH
    NEVIL K JOSEPH 4 months ago +28

    In India the best way to stay out of this inflation is to support the domestic... Don't go to Reliance Fresh or Spencers but go to Saturday Market at your Galli... Save the farmers and your pocket... MNCs are killing the business...

    • Neethu George
      Neethu George 2 months ago +1

      U nailed it

    • Tourmelion
      Tourmelion 4 months ago +1

      It's better for the economy to do this as more money flows instead of being stuck in some CEOs bank to never be used

    • Adil Nizam
      Adil Nizam 4 months ago

      Then how come the MNCs survive

    • Animesh Tiwary
      Animesh Tiwary 4 months ago +2

      Ironically, MNCs also procure from the same farmer. I can understand the plight of small retailer out of competition from MNCs, but farmer is equally profiting or is at loss from both groups.

  • Aastik Malviya
    Aastik Malviya 4 months ago +25

    Meanwhile billionaires wealth doubled in the last one year. Cheers

    • Peter Hicks
      Peter Hicks 2 months ago

      Octopus energy last year = oy next year we will be millionairs !

  • William K
    William K 4 months ago +105

    We’re in a game of monopoly and we are not the ones who own anything.

    • SueDenim
      SueDenim 2 months ago

      @Shah Zad the average house price on old Kent Road is over £600'000 and that's the cheapest street on the board. Good luck with that 👍

    • John Smith
      John Smith 4 months ago +2

      Absolute nonsense, I own the things that I purchase.

  • Esther Russell
    Esther Russell 4 months ago +80

    I live in mainland Europe and everybody is talking about the exact same thing, especially the rise in energy prices. Global economy!

    • Alika
      Alika 4 months ago

      It is normal, that during a crises like Covid, inflation is going up.
      The energy situation is partly due to same reasons but also political instability.
      The question is not the inflation of one or two years. The question is, do we get afterwards again a low inflation.
      Some situations from the past:
      1974-1976: 1. Oilcrises, nevertheless after some years lifestandard went up again.
      1989: Unification of Germany. Germany had 20% unemployment. Saleries didn't increase, therefore high inflation. Therefore standard of living dropped for a while.
      1995: change to Euro. Companies didn't use the calculated exchange. This way a inflation of 20% was existing.
      As we can see, a high inflation for a period of time was always existing. But this is not authomatically leading to a low life standard.
      We have to see what will be after the crises:
      1. Most important unemployment. Personally I believe, that it will be low, as the Boomers are leaving.
      2. Will low unemployment lead to higher income.
      3. World political situation. As this is influancing the energy cost. Ukrain could be a problem.
      4. Reaction of interest rate.
      The system which is healthy is inflation 2-3% and sallery increase 3%.
      Bank saving interest 3-5% and lian interest 5-9%. Talking about normal saving and house loan.

    • Ruben Daniel
      Ruben Daniel 4 months ago

      How are you

  • Garviel Loken
    Garviel Loken 4 months ago +13

    Similar situation here in germany. The wages remain stagnant for more than 20 years while everything gets more and more expensive.

    • Irmin Schembri
      Irmin Schembri 3 months ago

      @a New Kind of Politician Ich kenne nur Dresden und Umgebung, da meine Schwester dort wohnt. Aber es ärgert mich schon wenn ich daran denke, dass beide "Seiten" jahrzehntelang Soli gezahlt haben. Wofür ?

  • Bella Rosa
    Bella Rosa 3 months ago +3

    What is crazy in UK is the price of the rent.... Specially in London... Its insane.

  • Moto Tv Woods Farm 🐠🦊
    Moto Tv Woods Farm 🐠🦊 4 months ago +42

    The recent policy to dismantle gas holders in various towns and cities around the UK, built to protect against price inflation so buyers could fill up the tanks were low looks a bit reckless now

  • Musa Maturah
    Musa Maturah 4 months ago +17

    I watched some documentaries on how the poor in the UK were struggling throughout the pandemic, I can only imagine how they’re doing now. However, the inflation isn’t only present in the UK, as in my home country everything is rising except the pay 🙄

    • SueDenim
      SueDenim 3 months ago

      @Talks with Naomi she was looking out the window

    • Talks with Naomi
      Talks with Naomi 3 months ago

      Name of documentary ?

    • kanedNunable
      kanedNunable 3 months ago

      yes but inflation will be higher here tho. inflation hits everyone, but to what degree?

    • Yokheswara M.D
      Yokheswara M.D 4 months ago

      Can you say the name of the documentary

  • Norse Spirit
    Norse Spirit 4 months ago +98

    It’s not as simple as this. This is organised crime .

    • Peter Hicks
      Peter Hicks 2 months ago

      I looked up the word Oligargh it means the many ruled by the few ,then i looked at parliament and thought whats the difference !

    • Norse Spirit
      Norse Spirit 3 months ago

      @Anti Particle lol ok mr sheep

    • Matt Wrenn
      Matt Wrenn 4 months ago +1

      @Anti Particle no it's a consequence of printing too much bloody money!

  • Barbara Y
    Barbara Y 4 months ago +23

    Wait, is this BBC's way of saying "too bad, just live with it?". What sort of journalism is this?! Why has it risen so much, why isn't anything being done? All that extra the consumers are paying, who is ultimately pocketing it all?

    • Peter Hicks
      Peter Hicks Month ago

      @44Wynter They also get big expenses ,and yes yhou are right about the tribe ,just check the bottom to the top and its been that way since the start

    • Peter Hicks
      Peter Hicks 3 months ago

      Salaries at the BBC are beyond avarice ,they dont worry about their bills !

  • Tom Goldman
    Tom Goldman 2 months ago +2

    When MPs give themselves a 11% payrise and NHS staff a 1% rise its says it all and the increase in % on food alone has way surpassed any kind of wage increase, when 1% of the worlds population controls nearly 50% of the worlds wealth then that says even more

  • Jenny Fd
    Jenny Fd 3 months ago +1

    In my opinion it's very important for all the countries find a solution for the inflation because the salary of the people doesn't increase as same as the essential products and the poverty increase too. If the governaments didn't find a solution it's could be worst than now.

  • kun mwas
    kun mwas 4 months ago +1

    It's continuing getting very difficult,and it's happening in most parts of the world right now

  • Thomas Potter
    Thomas Potter 4 months ago +8

    it's not just in the UK, it's also happen in some countries too

    • kanedNunable
      kanedNunable 3 months ago

      true but its going to be much worse here.

    • ddandymann
      ddandymann 3 months ago

      This is a global phenomenon and unfortunately no one really know how to stop it, we could all be in for a rough ride.

  • pineapplesareyummy
    pineapplesareyummy 4 months ago +14

    What's the surprise? For the last 40+ years since Reagan/Thatcher, it's been one-way traffic: wealth and income trickle UP to the top, the bottom is worse off year after year. In fact, once you adjust for inflation, median income in Western countries are now LOWER in 2020 than they were in 1980. Until the current economic regime is overthrown, and the post-war economic system restored, there's no end to the demise of the Western working class & middle class.

  • Fátima Beirão
    Fátima Beirão 4 months ago

    It is natural that with the costs of combating climate change and after a pandemic so prolonged that it caused damage to companies in various economic sectors, which now want to recover from the losses obtained, a general increase in prices arise. But if consumers start to accept inflation and start hoarding goods, prices will rise even faster. a general increase in prices arises.

  • Bob Brown
    Bob Brown 4 months ago +8

    High inflation:
    Your savings withers away as the price of everything goes up. You can buy less for the same amount of money.

  • john bellamy
    john bellamy 4 months ago +54

    petrol and diesel is mostly tax for the government.also green taxes are a proportion of electricity and gas for home heating. all our energy suppliers are either french or german and standing charges are expensive before you actually use anything.

    • Peter Hicks
      Peter Hicks 3 months ago

      Octopus put my gas up over 100% ,elctris is appx 24p Kwh i managed a fixed term comtract untill next October ,under the PAris accord there are 3 yrs of price hikes ,!

    • J K
      J K 4 months ago

      👌

  • Sanoop Kannur
    Sanoop Kannur 4 months ago +26

    Not just UK, India is 3 fold bad 25% income is spent on fuel GST is all time high

    • Магжан Сыдыков
      Магжан Сыдыков 4 months ago

      Same here in Kazakhstan and Russia. Oil is ours but we have to buy it by high prices. Oligarchs want us to buy it by the same prices as EU while our wages are 10 times less then European. For example my wage as a teacher is 350$. My cousin's as a cleaner is about 75$.

    • Frank Fisher
      Frank Fisher 4 months ago

      @youngboss H Haha You will own nothing and they will be happy.

    • Sanoop Kannur
      Sanoop Kannur 4 months ago

      Inequality is very high this level should not be there in emerging economies.

  • Reyansh Ganesh
    Reyansh Ganesh 4 months ago +1

    What you are saying is on point, I started crypto currencies in March 2016 and I bought in , I was up 5x by December only to watch that disappear quickly and then watched the original dips go down by about 85% during the ensuring 4 years bear market. I took the opportunity to accurate more over the last four years which was hard to do u wish I had bought more , I’m in profit for now because I’m using my experience of what I learnt from my broker ,I have also learned from you and other TheXvid most especially my broker Rosa Juana who taught me how to trade , I wanna use this opportunity to thank her for all she has done , investing with you was not a regret for me

  • tg92
    tg92 4 months ago +36

    You could see this coming back in 2020 but anyone who dared to mention the future economic impact of the restrictions were simply accused of putting profits before lives.

    • Don Jour
      Don Jour 4 months ago

      @jacksoncratethe 17,000 that died w/ from Covid (no underlying health issues)
      - Nigel Farage

    • Nelvaldo.
      Nelvaldo. 4 months ago

      @Christopher Ellis Correct 👏👏👏

    • Greg Hallett
      Greg Hallett 4 months ago +3

      Thanks to the clowns who supported the economy wrecking measures, you've sent Bitcoin soaring 2000%!

    • jacksoncrate
      jacksoncrate 4 months ago

      What lives?

  • Shah Zad
    Shah Zad 4 months ago +1

    The chances of gen Z and gen Y buying their first property is coming close to nil.
    How does inflation affect the monetary policy on interest rates? Doesn't interest rates go up to encourage saving?
    How will this affect mortgage interest rates? Will this make it even harder to pay your mortgage?

  • Inam Ghafoor
    Inam Ghafoor 4 months ago +8

    there should be more information on how to invest money to try and hedge against inflation, no wait they don't want you to invest they want you to spend

    • Joshua Fletcher
      Joshua Fletcher 4 months ago +1

      Doesn't work like that, if everyone invested, the value of investing would decrease

  • D C
    D C 4 months ago +40

    What does inflation mean?
    "The price of everything is going up"
    Isn't that pretty much the definition of inflation?

    • John Smith
      John Smith 4 months ago +1

      @D C Another example which proves you were wrong when you said everything goes up in price:
      Haribo sweets prices: Sainsburys Local - £1.35. Local corner shop - £1. Asda - 90p. Morrisons - 75p.
      All the same in weight and bag sizes.

    • John Smith
      John Smith 4 months ago +1

      @D C We're actually in agreement. Food goes up in price. As does gas, electric and water.
      Recently, in the UK, secondhand cars have increased in price. Mostly in part to the pandemic slowing down car production.
      What's the problem?

    • D C
      D C 4 months ago +1

      @John Smith Might as well say anything that doesn't sell and goes on sale. We all live on DVDs, don't we? Great example 👍

    • John Smith
      John Smith 4 months ago +1

      @D C Dvds and Blu-rays decrease over time.

  • Tuco Salamanca
    Tuco Salamanca 4 months ago +2

    This woman can catch things really good. Quite astonishing.

  • :Joe -bloggs.
    :Joe -bloggs. 4 months ago +2

    Perhaps if government stopped spending taxpayers money on none essentials and blatant waste, inflation would not be an issue!

  • PAOLO RICCI
    PAOLO RICCI 4 months ago +4

    SHE ACTUALLY MANAGED NOT TO SAY WHAT THE INFLATION RATE ACTALY IS ...

  • AM Utah
    AM Utah 4 months ago +4

    Oil used to be over $100. Why didn't we pay high prices for most things back then? It's not energy prices that driving prices up! It's just everyone figured they can rise prices and blame it on Covid or energy prices or whatever. They just want to make more money than they already do.

  • Keith Snider
    Keith Snider 4 months ago +35

    Same here in the US. Inflation is the one form of taxation that can be imposed without legislation.

    • Магжан Сыдыков
      Магжан Сыдыков 4 months ago

      @mvpfocus don't agree, financial education for the poor helps to explain them the way they are being robbed.

    • Магжан Сыдыков
      Магжан Сыдыков 4 months ago +1

      Greatly said!

    • urbanimage
      urbanimage 4 months ago +1

      @Keith Snider To be fair, I don't think you ever paid up for the War of Independence - mind you, looking at how things have turned out since, I can't really blame you.

    • Keith Snider
      Keith Snider 4 months ago

      @urbanimage that would be appreciated! Try and be quicker next time.

    • urbanimage
      urbanimage 4 months ago

      @Keith Snider Oh, I think it was a bit more than just some. And let's not forget that it was 2006, when Britain made a final payment of about $83m (£45.5m) to repay the last of its war loans from the US. The total cost of the loans being about £27 Billion in 2006's money. We were admittedly a bit slow - sorry about that. We'll try to do better for WWIII.

  • Tom Nook
    Tom Nook 4 months ago +2

    haha loved that last bit. Essentially "get used to it suckers"

  • Curtis Carpenter
    Curtis Carpenter 4 months ago +5

    It means buying more second hand, building credit over specific periods, we buy using price comparison sites, we buy but we may cut down on non essentials.

    • Tourmelion
      Tourmelion 4 months ago

      But the price of non-brand goods went up the most, basic goods are dearer, that's the problem

    • Chris M
      Chris M 4 months ago +1

      This is great advice for those who have the means to cut down on non essentials. For those who are already unable to make ends meet, this is much more serious than that. We need action by the government on the rising fuel costs and we need it now

    • Beater Bike Channel
      Beater Bike Channel 4 months ago

      Good plan

  • Gina
    Gina 3 months ago

    I guess shutting down the economy for two years has something to do with it

  • Baron C
    Baron C 4 months ago +9

    An era of centralised governments crumbling!

  • saiello2061
    saiello2061 4 months ago +12

    Why do the BBC insist on treating it's viewers like 10 year olds...?

    • ddandymann
      ddandymann 3 months ago

      Read the comments, that should answer your question.

  • Simon
    Simon 4 months ago

    How do they know inflation will remain high for 22. Almost as if it’s part of a plan.

  • Sandy
    Sandy 3 months ago +2

    UK is so lucky to have low inflation. In the US it is much higher...15%. Prices here keep going up every single week. Its crazy!!!

  • Avi Cohen
    Avi Cohen 3 months ago +1

    I feel sorry for the great people of great Britain. They suffer the economic effects of the pandemic. Wonder if the lock down/shut down measures/policy worth it.
    Statistically speaking, in order to postpone a virus spread, which eventually spreads anyway, so many people suffer hardships/adversity.
    We have the same trouble in Israel, but in a mitigated fashion. Since Israel is smaller in population , the economic dependency factors of a a person , are smaller.
    Tonight I pray for the people of great Britain.

  • Jazzmaster Jay
    Jazzmaster Jay 4 months ago +2

    _whilst interest rates remain effectively at zero_
    It means, together with the additional cost that Brexit has brought (customs duty at 2% plus additional administration charges) that the UK is headed for the deepest recession for 5 decades, and Brexiteers are going to be blamed

    • bab ep3
      bab ep3 4 months ago +2

      Yeah, Brexit is to blame for global inflation 🥴

    • S K-A
      S K-A 4 months ago

      They voted for Brexit shouldn’t they pay for it!?

  • eliseo lopez
    eliseo lopez 4 months ago +8

    The same evil feeling you feel when someone poorer than you crosses your path that is the same feeling those in charge of the economy, they say why should a person have enough,why should they afford a home,why should they afford a wife.

  • Alexander Rea
    Alexander Rea 4 months ago +10

    the reason is printing money... not petrol and gas

  • green roses
    green roses 4 months ago +22

    Inflation Rises but no pay rise poor get poorer

    • TheJimprez
      TheJimprez 4 months ago

      Not everywhere. Even with 6$/h pay raises, we can't get workers to come back in. I was making 18$/h before the pandemic, I'm up to 24$/h now. Plus tips share and free food. And I STILL can't get help. Even a 16-year-old high school kid can make 17$/h washing dishes here. Rent is pretty cheap (I pay 900$/Mo, for a fully furnished, all-inclusive, 1 bedroom condo).. Basically a week's pay.
      Even then, people WHINE and rant here in Canada, because it's not ALL free and subsidized, or because we actually have RESPONSIBILITIES as citizens, not just rights. You guys have it really tough. If they only knew how lucky they are compared to other countries, even ones richer than us, our little entitled generation of selfish babies would think twice about complaining.
      I mean our minimum wage is close to 15$/h. In the US State of Georgia, it's about 5$/h

    • stoufer2000
      stoufer2000 4 months ago +1

      just what they voted for

  • Flare
    Flare 4 months ago +37

    and yet the Conservative party haven't done a single thing to help or even acknowledge the MAJOR issues. As a matter of fact, our national insurance will increase by 1.25 also our energy bills (highest ever right now) is going to go up AGAIN in April 2022 when they revaluate the energy price cap. A lot of poor and working families will have to choose between heating/energy or food

    • ddandymann
      ddandymann 3 months ago

      @Flare And US inflation is forecast for 9-10% with Europe sharing a similar forecast to us, no amount of cherry picking is going to make you right about this.
      As for your second comment, what? What on Earth are you on about?

    • Flare
      Flare 3 months ago

      @ddandymann yeah all those issues you have? dnc we're raising your taxes buddy

    • Flare
      Flare 3 months ago

      @ddandymann our inflation is aimed to go up to 7% mate

    • ddandymann
      ddandymann 3 months ago

      @Flare We're not though. The US inflation rate is currently 7%, or 1.4% higher than ours and the Euro area was at 5.1%, only 0.3% lower than ours.

    • ddandymann
      ddandymann 3 months ago

      I'm not defending the Tories but there's not much that government can do right now that won't either make the problem worse or push the nation to the brink of insolvency.
      It's also worth noting that this is a global problem. In December our inflation rate was 5.4%, in comparison the Euro area was at 5.1% and the US at 7%.

  • Kitgum Aye Gang 256
    Kitgum Aye Gang 256 4 months ago

    the fact that prices of commodities are soaring record high & salaries are stagnant or even worse workers are paid less ... just disturbs my lil math 🤔🤕😬

  • Vital-Club Consulting Ltd.

    “We will just have to get used to it…” Sure, just like people got used to it in 1789 in France or Germany in 1923….don’t you love it when the state media starts preaching that you should be happy about your economic misery? it’s going to get ugly soon, when people cannot afford to buy food. Also: why is there no mention of raising interest rates?

  • Simple Auto Solutions
    Simple Auto Solutions 4 months ago +5

    And the reason the things are costing more is therefore directly related to government policy. Thank your politicians for the wonderful table they have set for us. Let's all choke it down together!

    • ThewayICit
      ThewayICit 4 months ago +1

      No, thank YOU, and all your fellow citizens, for voting in those politicians. You all get the government you deserve.

  • beth
    beth 4 months ago

    "Get used to it"
    Great advice for a minimum wage worker with a baby on the way. i can hardly afford to eat and heat my small flat.
    Apparently im not entitled to any help, even though ive had to have nearly 6 weeks off on sick pay due to hyperemesis.
    May as well declare bankruptcy now.

  • Divide And Conquer
    Divide And Conquer 4 months ago +21

    Inflation means the Build Back Better agenda is working as planned.

  • Poulton Real
    Poulton Real 4 months ago +10

    No, inflation is caused by the expansion of the money supply. The Bank of England are very honest!

    • Richard
      Richard 4 months ago +1

      The more money there is, the more debt there is.

    • TheJimprez
      TheJimprez 4 months ago

      Sure.. A lot of people suddenly finding a lot of money will NEVER get merchants to up their prices while licking their lips. VERY wise.

  • blvk3
    blvk3 4 months ago +2

    everything is going up, except our wages

  • No2Guy
    No2Guy 4 months ago +4

    I think that to some extent the companies should take the losses. I’m sure they can afford it, rather than taking more money form those who are already struggling.

    • Zone cc
      Zone cc 4 months ago

      Not sustainable if companies are running at a loss. The government would have to step in.

  • Cheese Cake
    Cheese Cake 3 months ago

    No mention of the expansion of the currency supply which means your £ buy less as more £ compete for the supply of goods and services. Also shutting the economy down which reduced those supplies.

  • Bruno Wyss
    Bruno Wyss 3 months ago +135

    Successful people don't become that way overnight .most people you see as a glance-wealth, a great career, purpose-is the result of hard work and hustle over time. I pray that anyone who reads this will be successful in life..

    • حب
      حب 3 months ago

      Shush

    • Enrique Bravo
      Enrique Bravo 3 months ago

      I base in USA 🇱🇷 and I hear people are making a lot of cash from forex trading

    • Enrique Bravo
      Enrique Bravo 3 months ago

      I think this is the opportunity' for me to take a great step,

    • Enrique Bravo
      Enrique Bravo 3 months ago

      The best time to plant a tree was 20 years ago,and the second best time is now this is not the first time I hear people talking about this man called Pierre

    • Mojeed Bankole
      Mojeed Bankole 3 months ago

      Good investment are life savers.

  • Sound Potato
    Sound Potato 4 months ago

    The prices have gone up ever since 🥲

  • Depression the Great
    Depression the Great 4 months ago +1

    It means money is less value
    That's why everything is expensive

  • Nicole K
    Nicole K 4 months ago +22

    Not a word about WHY.

    • ddandymann
      ddandymann 3 months ago

      Here's the three main reasons.
      1) Increased demand for services in the wake of lockdown pushing up prices locally.
      2) Increased demand for goods globally coming shortly after a previous fall in demand putting heavy pressure on global supply chains leading to shortages and therefor increased prices.
      3) An increase in the money supply, most notably in US dollars which are the global reserve currency devaluing currency. This increase was due to the need to fund stimulus programs during the lockdown e.g. the furlough scheme.
      This has been brewing for 18 months now and at this point I really don't know what can be done about it.

    • Dj Kraft-E
      Dj Kraft-E 4 months ago

      Lol good point

    • Nadia D
      Nadia D 4 months ago

      Exactly

  • Shawn Vigor
    Shawn Vigor 4 months ago +6

    It’s not just the UK the same thing of going on in the US

    • holo
      holo 4 months ago +3

      It’s practically world wide right now. Thanks to a mixture of COVID and the global gas price explosion

  • RationaleAtheist
    RationaleAtheist 4 months ago +3

    Well, thanks goodness we took back control. I can feel the sovereignty course through my veins as my bank account is emptied

  • Robert Scheip
    Robert Scheip 4 months ago

    Is this is the governments way of saying thank you especially to those wo worked throughout the pandemic on the living wage?

  • Tim Castle
    Tim Castle 3 months ago +1

    Naturally it won't affect the wealthy, ie, those in government.

  • To Be Honest
    To Be Honest 4 months ago +7

    Breaking news from BBC
    Living costs are high, income low

    • Elly Bell
      Elly Bell 4 months ago +1

      ...but still in demand of payment from every UK household...no matter rich or poor.

  • David Rawlins
    David Rawlins 4 months ago +1

    There’s more at play than just fuel/gas/electric price rises. Why not provide the whole picture?

  • Jo E
    Jo E Month ago

    Inflation is caused by an increase in the money supply. The uk governments have increased the money supply by 7x since 1992. Inflation since 1992 has been 2.2x. Prices should be 3x higher. They did this to pay for the salaries of the nonjobbers who work for the state. Britain is uncompetative and overpopulated. Inflation will cause political unrest.

  • michel tibon
    michel tibon 4 months ago +6

    Be comforted, UK, that you are not alone. I just received my Dutch heating bill and was asked to pay an extra 200 euros for 2021.In a normal year I would be asked to pay an extra 10 or 20 euros. I am sure WFH has not helped to lower my heating bill. I also have a feeling that my grocery bills are rising. I usually don't track my expenses but I have noted that my savings/reserve are being nibbled at. The Lock down prohibited me spending on concert tickets, eating out and going on trips. I shudder to think when all is back to normal and if I still can afford it🤔

    • J F
      J F 3 months ago

      In italy, my gas bill that came yesterday was more than 3x higher than the same period's bill last year. And our consumption was 15% lower. Ggggrrrrr.

  • LISSA-💖 𝐹**СК МЕ - СНЕ𝒞𝒦 𝑀𝒴 Р𝑅𝟢𝐹𝐼𝐿Е

    You could see this coming back in 2020 but anyone who dared to mention the future economic impact of the restrictions were simply accused of putting profits before lives.

    • Магжан Сыдыков
      Магжан Сыдыков 4 months ago

      Inflation is not because of restrictions.

    • Matt Wrenn
      Matt Wrenn 4 months ago

      They took the short sited view not realising (or deliberately not choosing to) the economic consequences will cost far more lives in the long run.

  • History hunters Uk
    History hunters Uk 4 months ago +2

    And they wonder why there's so many people who have a life of crime

  • gilkesisking
    gilkesisking 4 months ago +2

    People can't afford the TV licence, but have to skip three weeks worth of food to pay it or end up in court. That's what it means.

    • gilkesisking
      gilkesisking 4 months ago

      @Pixel Those who are scared of the intimidating letters, goon visits and don't know better.

    • Pixel
      Pixel 4 months ago

      Who actually pays for that XD

  • Jakub Ukleja
    Jakub Ukleja 4 months ago +1

    Doesn't this mean the government is failing? I think that's what this means.

  • K so
    K so 4 months ago +3

    Um....the cost is also about the supply and demand. Well, if the price of the energy rise, is it due to the decrease of wind energy? Or solar energy? If not, is it due to the price of natural gas?
    Then, why is it rising so fast in such a short time? Will it drop back to normal?

    • Pixel
      Pixel 4 months ago +1

      @Hey baby, come to Butthead absolutely

    • V01DIORE
      V01DIORE 4 months ago

      @Hey baby, come to Butthead Do you know why nations take in migrants? Have you seen the population graph of most developed countries? Who do you think helps pay the burden of pensions? Unfortunately the status quo is unsustainable without constant growth (which in itself is unsustainable) or instead without supplemented young working population. Demand is the cost but supply their value in paying taxes as anyone else, in the government’s eyes what matter to care where the cogs come from so long as they work? Either way it’s a balancing act of which we will have to face the costs of someday, be that slowly or quickly. Economies in future should be based around a stable neutral population 1:1 working and old for them to be actually sustainable without compromise.

  • Chris Wilde
    Chris Wilde 4 months ago +5

    What with other things going on in the world....2022? Not going to be that great I think.

  • Kim Grant
    Kim Grant 4 months ago +5

    I always buy cheap anyway. Cut my own hair. Wear the same stuff. What a wonderful life 😊

    • Tracey Culyer
      Tracey Culyer 4 months ago +2

      @John Smith Yes some of todays youngsters, Not all, have been living the consumer world, in other words , I wan't it and i want it NOW!.Or living on the Tick ( card).I'm am glad that i was bought up to be Frugal.

    • John Smith
      John Smith 4 months ago +3

      I'm the same, and I'm so glad to meet others who are also money smart. 😁👍

    • Tracey Culyer
      Tracey Culyer 4 months ago +3

      the same here

    • holo
      holo 4 months ago +5

      Same. Dont see the point on wasting money on things like cloths I’ll hardly use and having 10 pairs of shoes when I’ll only really use one or two of them

  • Foodways Distribution
    Foodways Distribution 4 months ago +1

    Over 70% of fuel price is tax, there is your solution right here

  • vjab1108
    vjab1108 4 months ago +8

    The BBC will have to watch their pennies when they go Subscription.

  • Bruno Amaral
    Bruno Amaral 4 months ago

    5% inflation is just normal where I am from 🤡

  • TheJimprez
    TheJimprez 4 months ago +4

    Yeah.. I see the point. Regular Gasoline is 0.86Bp at the pump where I live.. And my electricity is stuck at 0.041Bp/Kwh (0.07$CAD...).. In the UK, I just looked it up and gas is 70% more expensive, and electricity is on avg 0.24Bp/Kwh in 2021 so, 585% higher (5,8X more expensive)... I guess I see why we get fresh grow house fruits and veggies all winter long. Power is CHEAP here. It's all Hydro and nature powered. With a little human Dam building to help. We let go of our only Nuclear generator a long time ago in my province (2012). One bad scare was all it took to say NO WAY!.

    • Organic Farm
      Organic Farm 4 months ago

      @Peter Zwegat hint: gasoline

    • Peter Zwegat
      Peter Zwegat 4 months ago +2

      May I ask where exactly do you live?

  • Susan Northam
    Susan Northam 4 months ago +2

    It's the same here in the US.

  • Andra Burdea
    Andra Burdea 4 months ago

    Inflation rises but the wages are not getting better. How comes?! That’s totally unfair!

  • M_cahit
    M_cahit 4 months ago

    You say 5.4% inflation, ahh I wish we had that inflation, we have an annual inflation of 81.83%, monthly inflation of around 60%.

  • jon hayden
    jon hayden 4 months ago +1

    C'mon, it's only T-R-A-N-S-I-T-O-R-Y ! (As usual, good reporting, which we Yanks have come to expect from BBC).

  • Tarek Hosny
    Tarek Hosny 4 months ago +1

    Very uplifting 😂👌

  • James wood
    James wood 4 months ago +1

    Well axing the BBC licence fee is a start to cutting the cost of living..

  • Krauzex
    Krauzex 4 months ago +4

    Good time to promote production businesses, lower their taxes. Introduce new concept where people would have to go for a day and work towards the good of the country. Randomly selected people fill the working days of a government branch run production of essential needs factory. The costs would go drastically down as there would be no wages, as a citizen you agree to do your part. Would be cool to see if that would be possible. You cant just do the same thing and expect change, you need a permanent solution.
    Focus on figuring out what would be the main reason people are so miserable (you are living in the best possible time to be alive in history ever).

    • Magicgazz
      Magicgazz 4 months ago

      @john bellamy “the great reset”
      Or “progress” as most people call it.
      You think the world is capable of coming together to produce a global plan?
      Have you seen politics lately?
      Anything useful to contribute?

    • john bellamy
      john bellamy 4 months ago +1

      sounds like the great reset.you own nothing ,you will be happy.

    • Magicgazz
      Magicgazz 4 months ago

      Businesses producing what exactly?
      Define “permanent solution” in a world that changes daily if not faster..?
      The main reason for misery is poverty, or illness. At least I can solve that one for you. 😂

  • Madmikescustom Car & vlogs

    Love it

  • Chris Nitty Gritty Whitty Chitty Chitty Bang Bang

    Thanks to all the restrictions and the skivers using the app to skip work, we now have this.

  • Paul Burgess
    Paul Burgess 4 months ago +13

    They banned plastic straws & replaced with plastic lateral flow tests. Let’s face it, government just does what the hell it likes

    • roro213
      roro213 4 months ago +1

      Bad example. Plastic straws are completely unnecessary. Medical equipment on the other hand isn’t as it needs to be kept sterile - polymers are well suited to this. Literally the one example where the use of plastic is super necessary.

  • George Moseti
    George Moseti 3 months ago

    If it's below 10% it's manageable

  • Free Saxon
    Free Saxon 4 months ago

    Thanks for telling us BBC, and letting us know we "Have to get used to it"
    Just like lockdowns, the sheeple will comply without asking WHY ?

  • Alternative Facts
    Alternative Facts 4 months ago

    Think this what they meant "taking back control " will look like .

  • Shanelle Kay
    Shanelle Kay 4 months ago

    The government are to blame. for all the money they wasted over the last two years

  • Mothiur Rahman
    Mothiur Rahman 4 months ago +7

    In East London (outer London)
    Hair cut for men £5 or £7 went up to £10
    Basic sandwich egg or cheese from £1 went to £1.30
    TfL fares somehow holding, not for long with this Government's hostage taking of TfL and GLA.
    Energy bills continue going up - thank you USA for meddling in Germany-Russia pipeline Nord stream.

    • Mothiur Rahman
      Mothiur Rahman 4 months ago

      @Anon Two I'm referring to the cheapest items obviously to measure the people in poverty line. L
      The no E numbers sandwich that a person on poverty line would tend to buy without addition of side effects.
      The usual standard sandwich that fills ones stomach is about 2.50-3, (£3 for meal deal that I'd go for), however, point is how the poorer sections of the population are being punished.

    • Vladimir
      Vladimir 4 months ago +1

      Haircut only £10 in London? It's £15 - £20 in Bristol. Sounds like services in London are really cheap

    • urbanimage
      urbanimage 4 months ago +1

      @Anon Two Poundland do surprisingly good sandwiches, some are actually still only £1

  • Steamy
    Steamy 4 months ago +8

    I’m 14 and being recommended this video, I guess I need to start preparing for my future 🤣

    • J1465
      J1465 4 months ago

      @Moonboy I hope so man!

    • J1465
      J1465 4 months ago +3

      Sorry kid, our generation did nothing but sat back and let the world get fucked up and we've left it in an absolute mess for you. I wish we'd had enough balls to change things and make it fairer but we didn't, even when covid presented us with an opportunity to really start demanding more all we did was pray things went back to the old normal which was already shit for most of us...so it's on you guys to innovate your way around it, build a better future for your kids and make it the way you want it to be because it belongs to you now.

  • Latina Mendy
    Latina Mendy 4 months ago +23

    *When it comes to the world of investing,most people don't know where to start.fortunately,great investors of the past and present can provide us with guidance*

    • Freddie Leo
      Freddie Leo 4 months ago

      Trust me you won't regret trading with Mr Grey Smith

    • Juliana Zannoni
      Juliana Zannoni 4 months ago

      @gisann ramharack 👍 Thanks you so much for the details

    • gisann ramharack
      gisann ramharack 4 months ago

      ༒𝟏𝟒𝟏𝟒𝟗𝟕𝟗𝟏𝟗𝟒𝟐 🇺🇸

    • Juliana Zannoni
      Juliana Zannoni 4 months ago

      👍 How can I get in touch with Mr Grey Smith ?

  • chris Bryson
    chris Bryson 4 months ago

    You can't price a job in construction anymore, by the time you come to do it the prices of materials have gone up.

  • Bishop White
    Bishop White 3 months ago

    Outside the free trade.
    This was always apparent.
    Well done public. You got what you voted for.

  • YeaButNoBut
    YeaButNoBut Month ago

    Thank you democracy. Thank you biden.

  • TheBattleMaster100
    TheBattleMaster100 4 months ago

    If she had more stuff thrown at her I would've wondered what's going on?