Petrol prices have absolutely nothing to do with Brexit, no idea why you brought that up:
http://www.vox.com/2016/11/30/13792788/crude-oil-prices-opec-cuts
You ignore the whole picture:
- Yes you are right GLOBAL prices have gone up.
But...
- UK price will go up even more than that due to the fact that we import most of our oil.
This FT article may help you understand, it explains those in the economy who will benefit from a stronger £ and those that will suffer: https://www.ft.com/content/28787548-8c82-11e6-8cb7-e7ada1d123b1
And Tesco told Unilever they would not accept their price rises, in fact this is an interesting write up on it all, and remember the boss of Tesco was the boss of Unliever, he knows what he is talking about and slams anyone raising their prices using Brexit as an excuse:
http://www.independent.co.uk/news/b...-time-for-the-black-friday-rush-a7424781.html
Please read your own links. He accepts prices changes for currency fluctuations:
Actually, teasing aside, Mr Lewis has raised a worthwhile point. Multinationals like Unilever are able to manage their businesses to take account of movements in the currency markets.
And YES, the price of Unilever goods did go up. Tesco and Unilever "reached a deal", Tesco did not reject the price hikes completely - Unilever themselves talk about it:
https://www.theguardian.com/business/2017/jan/26/marmite-maker-unilever-price-rises-brexit-
So it's rather confusing how you claim shopping is more expensive now? Mine isn't, perhaps your going to the wrong places?
- Petrol is £7.50 more expensive per 50 litres (which is what I use a week = £30/month or £360/year)
- Unilever have put prices up - see earlier link to interview with Chief Exec.
- Shrinkflation the hidden weapon. So you end up having to buy things more regularly. Even if the cost at the till is the same. Toblerone were a high profile example. But many other brands (including supermarket own brands) have played the trick.
- Cost of holidays have increased again due to the week pound.
The list goes on.
Has the pound dropped, a bit yes, can corporations EASILY absorb that, of course they can, it goes up and down all the time, it's still price gouging using Brexit as an excuse. And considering all the reports claiming the UK economy is strong with a great outlook, even a Cook was praising the British would be perfectly fine (nothing to do with his 200 billion plus sat on Ireland's shores of course..)
http://www.telegraph.co.uk/technology/2017/02/10/apple-boss-tim-cook-british-going-just-fine-brexit/
It's dropped "a bit" has it. Now I don't know if you're trolling. I guess people see what they want. I'll repost @MrX8503's graph as you misinterpreted the massive drop in June 2016.
You posted a bunch of reports earlier none of them mentioned strong economy with a great outlook. Just as you sold me a UK "boom" in your original post, you're clearly biased and that's affectoing your responses. The economy is generaly stable, and previous predictions have been revised upward. Nothing out there to suggest rainbows and ponies.
He's a fine CEO of a massive US company, but I'm not sure how much TC knows about UK economics so I won't be taking his word as gospel. Let's hope he's right though.
So you can carry on going on about Brexit if you want, and refuse to accept its price gouging, because it's not like the British consumer ever gets ripped off right? Rip Off Britain doesn't exist right?
Brexit caused uncertainty in the UK economy, the £ fell in value against other major currencies. This has caused price increases. See earlier Independent link you posted about the head of Tesco who accepts this is going to happen.
Rip off Britain was a phrase created by the English tabloids. I pay a fraction for my mobile phone compared to US prices. I pay half the price for electricity compared to Australians. I pay less for PPV UFC than most of the planet. If you have examples we can discuss. Using a blanket term is silly.
And as for the doom and gloom, NO IT HAS NOT HAPPENED!!,
- Yipeeee, my holiday will be more expensive this year.
- Woohoo! The Sonos I was looking at has gone up 25%.
- Thanks weak £, now my petrol costs even more than it would've due to OPEC. YES!
- Get in shrinkflation. Love getting less for my money.
- Woop my Adobe Creative Cloud fees are UP!
- Savings rates are abysmal. Praise the Lord.
-Bank account benefits are been cut (Halifax Reward Account, Santander 1-2-3 etc.). I am one lucky man.
You are right, life is peachy right now. What was I thinking. Pass the champagne.
do you want me to post all those articles and interviews of all those threats from all those experts, politicians and the Bank Of England about how we would totally collapse and have a Third World War if we voted to leave? In fact the Third World War, Mark Carney claiming utter doom and gloom which was the COMPLETE OPPOSITE to what he now claims, and the emergency hard budget, were my favorite doom mongering things.
What have peoples incorrect predictions got to do with anything. I haven't brought them up. I never claimed they were true.
My problem is my current reality is bad compared to this time last year. I have less disposable income thanks to the effects of the referendum. As mentioned I hope it changes, but I'm not holding my breath.