Smart solutions to food supply chain disruptions October 7, 2021 The food, gas, and fuel supply challenges that the UK has recently faced are a perfect illustration of the risks associated with imperfect supply chain management. These challenges will continue – and potentially increase – given increased customs checks, the ongoing pan-European labour shortage in key logistics industries, and the trend towards national resilience in [...]
Britain’s economic adjustment only ends in one way October 7, 2021 The ails of the nation’s favourite sausage roll maker are a microcosm of the problems afflicting the UK economy. In a trading update yesterday, high street baker Greggs warned it is suffering from a “supply of ingredients.” A couple months back, it pulled its iconic chicken bite for similar reasons. Severe shortages plaguing the British [...]
IMF: Inflation to surge above central banking elites’ targets October 6, 2021 The International Monetary Fund (IMF) expects inflation across the world’s richest countries to surge above the central banking elites’ targets. In a pre-released chapter from its global economic outlook report, the IMF said inflation in rich countries will hit 3.6 per cent in the final months of this year. The organisation blamed elevated inflation on [...]
European markets tank on toxic mix of threats October 6, 2021 European markets tanked today, driven by a toxic mix of mounting “stagflation” fears, looming rate hikes and soaring energy costs. London was among the worst performers as investors mull whether the British economy could be barrelling toward a biting bout of “stagflation” that would squeeze businesses. The capital’s premier index plummeted 1.28 per cent to [...]
Liz Truss tells Tories to get a grip on cost of living crisis or risk losing next election October 5, 2021 Liz Truss has warned the Tory party that it must ease cost of living pressures by the next election or risk facing the wrath of the electorate. The foreign secretary said that “every sinew of the government needs to be strained to create the conditions for enterprise across the country”. Many Britons are in for [...]
Shortages: Boris Johnson denies crisis exists as he calls supply chain ‘fantastic’ October 5, 2021 The Prime Minister today he is “not worried” about the staffing shortages which have played a role in petrol pumps running dry and risk a mass pig cull and shortages this Christmas. Boris Johnson played down the prospect that rising inflation rates could cancel out wage growth as he pins his long-term hopes on transitioning [...]
Rishi Sunak to unveil £500m extra funding for Covid jobs programmes October 3, 2021 Rishi Sunak will tomorrow commit to an extra £500m in spending to boost the government’s post-Covid jobs and skills programmes. Sunak will say in his Conservative party conference speech that he will “double down” on his promise to “do whatever it takes” to protect people’s jobs and livelihoods during the pandemic. It comes as the [...]
Boris Johnson admits UK shortages are here to stay until Christmas October 3, 2021 Boris Johnson has admitted the UK’s goods shortages will likely last until Christmas, while adding that “we need to see” a “period of adjustment” post-Brexit. The Prime Minister said today that he would not “pull the lever” of more immigration in the short-term to stop the lorry driver shortages. Petrol shortages are still being seen [...]
Just-in-time supply chains have left us dependent and with just-not-enough October 1, 2021 In the peak of the pandemic, songwriter Justin Vernon, known as the haunting voice of Bon Iver sang a searing lyric: “You at the corner store, you were stocking up before the storm.” As we watched hours of queues at petrol stations, we were reminded once again it was those who had filled up their [...]
Sunak to unveil £500m grants to ease cost of living for UK’s poorest September 30, 2021 Rishi Sunak is set to announce £500m in grants to help the country’s poorest during the current cost of living crisis the UK is facing. The chancellor is expected to announce in his Tory party conference speech next week that it will be put in place to help households cope with costs over what is [...]