Now we're warned that prices will rise because......

If goods can't get past the Red sea then container ships have to go a longer way round hence increased costs for all concerned.

What model would you suggest other than capitalism.

Further price rises at the end of January - a Brexit (definitely not working) bonus.

I have friends and relatives all over Europe, USA and Canada.

Their comments about the cost of living mirror ours.

They can't blame Brexit though

Whitewavemark2

Further price rises at the end of January - a Brexit (definitely not working) bonus.

Denmark, Spain, Sweden, Cyprus & Germany, Australia and USA where we have friends and/or family are remarking on price rises.

The journey round The Cape instead of through the Suez Canal will add 1 million $ extra in fuel per vessel.

Containers will have to pay between $325 and $500 per 20 foot container.

These extra costs will inevitably be passed on to the end user

mae13
Do you realise it will take another 4/5 weeks on the journey time.

Obviously she has no idea. And has yet to suggest an alternative to capitalism.

Galaxy

What model would you suggest other than capitalism.

Communism at a guess. That doesn't work either, there are always those at the top of the pile with their snouts in the trough. Putin and Xi Jinping as examples.

I read that it's an extra 9,000 miles around the south Africa route. So it seems that it is a genuine reason this time for the inevitable price rises. Of course, some will jump on the band wagon and increase prices above what is necessary.

Nothing to do with Brexit. I'm in Spain at the moment and I was here last year all the prices in the supermarkets have gone up and I would say prices for food about the same as UK the only thing cheaper is alcohol, some beer being cheaper than milk 🙁

On 29 August 2023, the UK Government published the final version of its Border Target Operating Model (TOM) which sets out its new model for importing goods to the UK from inside and outside the EU, including Ireland. The new rules will be introduced in phases starting 31 January 2024.

These will mean gradually more and more checks with more and more paperwork/bureaucracy and delay for business. The impact will inevitably greater cost to business which if not absorbed will mean higher prices for the consumer.

This on top of the world wide increase in the cost of living we are at present experiencing.

Starmer would do well to consider closer working with the EU, particularly if Trump gets in.

Freya5

Galaxy

What model would you suggest other than capitalism.

Communism at a guess. That doesn't work either, there are always those at the top of the pile with their snouts in the trough. Putin and Xi Jinping as examples.

How about a mixed economy?

They can't blame Brexit though

Well then they need to try harder! Wars in Ukraine affecting import of grain, vegetable oils and fat? Nope; it's brexit! Conflict in Israel affecting import of fruits and medicines? Nope, it's brexit! Conflict in the Red Sea affecting global export of oil, gas, food, computer components and raw metals? Nope, that's brexit too!
Brexit was a REALLY bad idea for the UK but surely people aren't so politically ignorant of the impact on how war and conflict affects global markets? So depressing to see such a basic lack of knowledge.

We have seen plenty of evidence that yes, many are very ignorant of the many external factors which lead to increased prices. They blame Brexit and/or the government for things totally unconnected to the former or controllable by the latter. I agree, it is very depressing.

PuddyCat

^They can't blame Brexit though^

Well then they need to try harder! Wars in Ukraine affecting import of grain, vegetable oils and fat? Nope; it's brexit! Conflict in Israel affecting import of fruits and medicines? Nope, it's brexit! Conflict in the Red Sea affecting global export of oil, gas, food, computer components and raw metals? Nope, that's brexit too!
Brexit was a REALLY bad idea for the UK but surely people aren't so politically ignorant of the impact on how war and conflict affects global markets? So depressing to see such a basic lack of knowledge.

I absolutely recognise the impact of global events and disasters but my argument is that the U.K. has to deal with global impact on top of the negative impact of Brexit.

To my mind it is common sense to consider closer working with the EU, particularly if Trump becomes President, with his threat to leave NATO, and cease to support Ukraine, and god knows what will happen to Palestine. Europe will need to work together in order to defend both its economies and borders from the likes of Putin and Trump, let alone China and India.

Back to the barter system, my dear, a strategy invented before money and pernicious greed for the stuff. And I'd demolish the Curse of Credit Cards.

PuddyCat

^They can't blame Brexit though^

Well then they need to try harder! Wars in Ukraine affecting import of grain, vegetable oils and fat? Nope; it's brexit! Conflict in Israel affecting import of fruits and medicines? Nope, it's brexit! Conflict in the Red Sea affecting global export of oil, gas, food, computer components and raw metals? Nope, that's brexit too!
Brexit was a REALLY bad idea for the UK but surely people aren't so politically ignorant of the impact on how war and conflict affects global markets? So depressing to see such a basic lack of knowledge.

I’m afraid they are 🤷‍♀️

I agree. The World is in turmoil all round. Army conscription idea tested at the moment. Hold onto your hats..............

It's obvious that there are several causes of higher prices in the UK but Brexit supporters tend to ignore Brexit and the incompetent 'getting Brexit done' by Johnson and Frost. That chicken will come home to roost at the GE.

Well Caribbean countries cannot blame Brexit ( well I suppose we do get some UK items here) but mainly our imported food ana many other goods come from USA. Prices have risen dramatically and life is tough for many local people. Add3d to the fact that we are getting lots of rain in the tourist season and this may affect the economy. I know Australia has the same problem as do European countruex It is a whole raft of reasons and it is naive to blame Brexit for our woes.

mae13

Back to the barter system, my dear, a strategy invented before money and pernicious greed for the stuff. And I'd demolish the Curse of Credit Cards.

Have you got change of a ferret?

Well said to those who see the damage that Brexit has caused. Why, in this dangerous world, did we turn our backs on our closest friends and allies?

I don't see what the Red Sea conflict has to do with Brexit!

Brexit will increase prices from next week because there are going to be more border checks for goods imported from the EU, we were lied to by the Brexit proponents and I hope they get the kicking they deserve at the next election