Food shortages, riots, – no shelter from the cost of living storm

ON the web is buzzing with black humor. . . The wine lover spat out a mouthful of saliva and complained: “No wonder it’s expensive, it tastes like gasoline!”

A sign in the supermarket: “Alcohol is now cheaper than fuel – drink, don’t drive.”
Or this offer from Sydney: “Get 20 Liters Premium Unleaded: Looking for a four-bedroom house in exchange.”

Trevor Kavanagh writes: As pump prices hit £2 a litre, we may soon be looking back at the full £100 price tag of the good old days.

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Trevor Kavanagh writes: As pump prices hit £2 a litre, we may soon be looking back at the full £100 price tag of the good old days.

As pump prices go up to £2 a litre, we could soon be looking back at the full £100 price tag of the old days.

But that’s not fun for low- and fixed-income earners, including many Sun readers.

Not for those with negligible savings and unwieldy mortgages. Nor is it for debt-burdened companies that have just emerged post-pandemic.

Inflation, dismissed by the Bank of England a few months ago as a temporary blip, is exploding at the fastest rate of most people’s lives.

The Bank’s official ceiling of 2% has long been forgotten. The Consumer Price Index for household goods has surpassed 5.5%. Retail prices have skyrocketed 8%.

HM Treasury fears more bad things are to come. Equal Prime Minister Rishi Sunak In the run-up to next week’s key Spring Budget, some analysts see a staggering TWENTY% cost of living bomb on our way.

At that rate, money depreciates at an alarming rate, hitting the poorest.

In the words of legendary American money expert Warren Buffett: “Cash is trash.”

Rishi will seek help for the most vulnerable. But the world hasn’t seen anything like it since the 1970s, when inflation nearly hit 25% and store employees raced to label new prices on old prices.

And it’s not just the price. The demands for wages will increase in a hot trend. Deficiencies will bite, especially in food.

The good news is that it’s hard to find in this perfect storm. But there is a little, and it benefits England.

For one thing, we have a near-zero unemployment rate, unlike the 1970s myth of “England Doesn’t Work”. We still grow food and could produce much more if we banned “re-cultivation”.

We can extract oil, gas and coal resources and mine by fracturing process. But the real plus for Britain is our historic relationship with the English-speaking democracies in the United States and the once-forgotten Commonwealth.

The EU, still dependent on Russia for oil and gas, is most at risk in this crisis.

“Europe is the worst place in the world right now,” said a senior global analyst. “And the closer to the battlefield, the worse it gets.”

Fertile Ukraine is the bread basket of the world. But with young men exchanging plowshares for Kalashnikovs, there will be no planting this spring.

Russia is another major grain producer. They won’t send wheat to the West for a while. Russia-dominated Belarus also supplies half of the world’s crops with fertilizer.

“We are looking at food shortages,” warned the analyst. “In some parts of the world, we will see food riots.”

Britain, too, has squandered much of its Iron Curtain peace dividend, compounding the extremely wealthy former Soviet gangsters – and making concessions in the dangerously naive Green corridor.

But our most valuable historic friendship lies in the West, with US and Commonwealth allies including food giants Canada, New Zealand and Australia, who just signed a new trade deal.

We share a common history and unrivaled economic and security ties that countries like France or Germany can only envy.

SIMPLE DON’T TRUST

Not even NATO’s military alliance can match the intimacy of the “Five Eyes” security pact between the US, UK, Canada, New Zealand and Australia, working in impenetrable secrecy.

France, under President Emmanuel Macronsimply unreliable.

The Five Eyes have been further bolstered by last year’s £30 billion AUCUS nuclear deal with the US and Australia.

This is important when China is ambitious to study the consequences of Russia’s military disaster in Ukraine. Mad Vlad’s invasion aims to expose the weaknesses of the West. Instead it reveals our strengths.

It is as timely signal as possible to Russia, China and perhaps India that it is wrong to underestimate the power of elected democracies.

Assassin’s Invasion

MICHAEL GOVE’s wheezing for Roman Abramovich’s 15-bedroom mansion for Ukrainian refugees was the winner. It will accommodate at least a dozen families.

Warm-hearted Britons, reduced to tears by TV images of frightened children, will rush in to arrest others.

But critics should stop before criticizing Home Secretary Priti Patel’s caution towards evacuees in war zones.

Putin has publicly vowed to take revenge on Britain for decommissioning his tanks.

He demonstrated his disdain for human life with a series of nerve agent murders on British soil.

Our intelligence agencies have the right to insist that we be protected against the infiltration of assassins along with innocent people.

https://www.the-sun.com/news/4886582/cost-of-living-storm-trevor-kavanagh/ Food shortages, riots, – no shelter from the cost of living storm

DevanCole

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