Will prices ever come down?

[Dubbag]

Bank of England think inflation will slow next year and go back to the 2% target in 2 years. But the question is whether wages will catch-up or will the government package support the rise in costs while wages slowly creep up.

Wages won’t keep up, that’s pretty much a given so we rely on the government to fix the issue. If they don’t, businesses will fall and unemployment will rise. That will lead to them funding energy anyway through welfare so it’s a no brainer to pay for the increase and keep us with disposable income.

Who knows, could all be a perfect storm!

I think that statement was put out by the bank to apply pressure to union negotiations on wage increases this autumn....
As mentioned last May the bank says we just don't really know how this will play out....
Now they have it all sorted out.
How convenient..

[baggiematt]

I think that statement was put out by the bank to apply pressure to union negotiations on wage increases this autumn....
As mentioned last May the bank says we just don't really know how this will play out....
Now they have it all sorted out.
How convenient..

Yeah you might be right there. Some top economists are suggesting you cannot reduce inflation that high that quick.

Then again Bruce reckons he needs three transfer windows when there is no money to spend and parachute payments are running out…

I’d wager we will be throwing cabbages at Bruce before he gets three windows.

Time will tell!

[Dubbag]

Yeah you might be right there. Some top economists are suggesting you cannot reduce inflation that high that quick.

Then again Bruce reckons he needs three transfer windows when there is no money to spend and parachute payments are running out…

I’d wager we will be throwing cabbages at Bruce before he gets three windows.

Time will tell!

And I think the cabbages will then be retrieved after throwing them at him to be cooked later

[WBA1955]

Three possible answers.

a/ no

b/ I reckon not

c/ is Ulrika a virgin?

[rambaggie]

A bag of chips always went up after a bad harvest but never came down after a bumper crop. Its the same principle in most cases. We get used to paying the new high price so it becomes the norm after a while.

[BaggieBlood]

I thought us West Brom were apathetic, but it looks like we as a nation are the same.

We take all this sh it from this c rap government and nobody protests (even though the scum haven't passed their disgraceful anti demonstration legislation yet).

The French government knew what would happen if they didn't impose a maximum 4% price increase limit, I think it was, on their energy companies.

We should be appalled at our energy strategy that basically relies on it being windy or sunny enough.

To go and basically beg a French (state) company to build a nuclear plant here (with a guaranteed unit rate) was nothing short of embarrassing.

So we couldn't fund our own nuclear power stations and then sell the energy to power companies (as we don't have the balls to nationlise the industry) but we could afford a £28bn track and trace app and £100bn on, essentiallly, a bit faster train service.

On the topic though I think prices will come down but who knows how much by.