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Inflation hits highest for 30 years 5.5%
Yet in the real world, items and service's are going up higher than these.
We are lucky that we haven't had to make any changes so far.
How is effecting you your business.
I see the London banker were out celebrating their huge bonus's today.
I can’t believe it’s only 5.5%.
In my industry the % increases are huge over the last 12 months or so.
A shipping container that used to cost $1500 to ship from China is costing over $20,000 for the last year.
Cost prices on most rackets we are buying in have risen between 10% and 50% in a year.
We’ve had to increase our prices significantly and we’re as busy as ever.
I think there’s a lot of “unspent” money from two years of doing not very much for a lot of people and this is masking things and soon there will be a downturn as people tighten their belts.
Petrol is a real shocker, the £ symbols were rolling around like the cherries on a one armed bandit when I filled up today.
Remember the days when the fuel counter went around like lightening in comparison to the money counter!!?
Quote:
Originally Posted by soulman101
I feel for those on the poverty line and now many of the elderly will freeze to death with energy costs. Increase taxes ie corporation tax to those companies who are turning over around 5 million plus. Companies like Amazon should be hammered with new taxes and much of financial saving could be dripped back to the needy. Likewise NHS cancer waiting lists are now stupid - so have a financial/asset cut off with those who can afford it so they have to use private care as opposed to the NHS to cut waiting lists.
Fines for speeding etc should be based on a percentage of the annual income to bring more money into the kitty. Why should a footballer on 100 grand a week get a £100 fine the same as a warehouse packer on 20 grand a year!
Inflation hits the poor and those that are wealthy remain untouched! F uckin wrong as everything should be based on a fair percentage of income/assets.
This hammering Amazon just doesn’t work Al.Quote:
Originally Posted by baggieal
As soon as they get hit with anything like this they increase selling fees and FBA storage and postage fees, they simply pass these things on to people like me that sell on Amazon.
Quote:
Originally Posted by mickd1961
My point Mick - high street retailers are at a huge disadvantage with bricks and mortar and the costs associated with it! Amazon don’t even pay willingly their fair share of taxation! Amazon is ok until there’s a problem and then you are speaking to a poorly trained foreigner overseas! I know a friend whose delivery of a lap top failed to arrive and Amazon were insistent on a police report being obtained! As if the police will issue reports for a driver who probably left it on the doorstep! This poor chap had to threaten to sue the t wats!
Hate the company with a vengeance and would close my wife’s account given half a chance! I would rather close down and sell our stuff with them and their packaging is s hite too so it would wreck our personal touches.
Amazon need to try looking after their staff firstly with the obscene profits they make. Nicely newly branded delivery vans and muppets who deliver the goods - makes a great first impression - not!
I completely agree with all of this.Quote:
Originally Posted by mickd1961
The Pandemic, Brexit and the Energy crisis = The Perfect Storm.
When prices go up, the ones who will always get hit are the final consumer. And the ones who will suffer most are the poorest. This is the system we live in.
Get ready for double digit inflation figures this year.
Surely the perfect storm as you call it is caused by the mixed economies that ‘western societies’ have, being a mix of capitalism and socialism.Quote:
Originally Posted by WBA123
We in the UK are one of the countries more slanted towards capitalism which gives us all greater freedoms. With those freedoms come the opportunities to make decisions via a democratic system that don’t always work out as planned but we have the freedom to make those decisions.
We have to live with the consequences but at least we get more right than we get wrong and although not perfect, no system is, it is a lot better than the alternative as far as I am concerned.
I hope you've got a lot of time on your hands Yarm', I've got a funny feeling you're in for an ongoing debate 😊 .
Only one global system working correctly now and that's the Global corrupt system in place right now....
Only serves the 1%
Screw the rest with more taxes....
An economy effectively shut for 2 years but money pumped in via e.g. furlough payments so more money chasing fewer goods and would you believe it prices go up.... & more to come check your food bills - [ours are up 18% over the past year] and fuel and energy too.Quote:
Originally Posted by Dubbag
Print money get inflation-