Cost of Living - Shrinkflation is speeding up at an alarming rate

Imagine earning £4.7 million a year and having a company that posted profits of £672 million and having the bare faced cheek to complain like this:

www.bbc.co.uk

M&S boss says retailers being 'raided like piggy banks'

Stuart Machin says the sector is facing a wave of tax rises and the government needs to "lighten the burden".
www.bbc.co.uk

Same **** as the recent tone deaf diatribe from NEXT boss Lord Wolfson about the minimum wage.


Honestly, the government should tell people like this to go and suck eggs.

How do we end the ridiculous and insatiable greed of these corporations?

These companies SHOULD be raided like piggy banks. It should start with a massive cut to his exorbitant, unwarranted and ridiculous compensation.
 
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Actually they are being raided like piggy banks, as is everybody in the country who pays tax on income or investments. That is life, government has no money if its own it needs yours. Profits of 600 million without context is meaningless alone, on what turnover, but it means that that they pay a decent chunk in business taxes, employment taxes and rates to the government.
 
Jono8 said:
Imagine earning £4.7 million a year and having a company that posted profits of £672 million and having the bare faced cheek to complain like this:

www.bbc.co.uk

M&S boss says retailers being 'raided like piggy banks'

Stuart Machin says the sector is facing a wave of tax rises and the government needs to "lighten the burden".
www.bbc.co.uk

Same **** as the recent tone deaf diatribe from NEXT boss Lord Wolfson about the minimum wage.


Honestly, the government should tell people like this to go and suck eggs.

How do we end the ridiculous and insatiable greed of these corporations?

These companies SHOULD be raided like piggy banks. It should start with a massive cut to his exorbitant, unwarranted and ridiculous compensation.
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Indeeed start from the top and close all loopholes. They're good at screwing over smaller businesses.
 
Genz tax - probably explains their proclivity for fast food consumption too
www.thetimes.com

Trust your senses over ‘best before’ labels to cut food waste

Confusion over which label refers to quality and which to safety causes over-cautious consumers to throw out perfectly edible food, a survey suggests
www.thetimes.com www.thetimes.com
( OK they were american students in the poll , the full report not yet out to see demographic of participants.)

Broad Leib said that people appeared to be relying more heavily upon labels. The latest survey was similar to one conducted in 2016. Then, 37 per cent of respondents said they “always or usually discard food near or past the date on the label”. That has risen to 43 per cent, and the proportion became higher the younger the respondent was.

“We found the youngest consumers were most likely to rely on date labels. They were most likely to think all the labels are safety dates and to throw food away at the date,” Broad Leib said.

“I think a big piece of it is that date labels were widely used starting in the 1970s. There are people who didn’t have them when they started buying food. I think the further we get away from that, and the further we get away from people having themselves had a role in growing, harvesting or producing food, the more people look at it like they look at any manufactured good. They have less understanding of what they should be looking at.”
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VincentHanna said:
Wages continue to outpace inflation. Surely good news for most to feel better off?

www.bbc.co.uk

UK wages continue to outpace inflation, figures show

Pay outstripped price rises by 3.4% between October and December while the unemployment rate remains unchanged.
www.bbc.co.uk
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Is this not a recipe for disaster in the longer run though. I know there's not a direct correlation, but more money in people's pockets = more spending, which is preventing inflation from dropping. With inflation eroding earnings, people complain more and demand further payrises, which also has the knock-on effect of driving up pricing of products and services in order to fund increasing wages. By the time we've done full circle we're back in the same position.
 
VincentHanna said:
Wages continue to outpace inflation. Surely good news for most to feel better off?
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do they really? or is it on average based on some skewed result like a ceo earning 50million in a year


wonder what happens when you look only at people under 35k and under 26k and don't average it out with the high earners


still feels like supermarkets prices are going up 5% every week



For a start how they measure inflation is already skewed by changing the "basket of goods every year" and that basket always seems to include stuff I doubt most people buy


if the basket was alkways something like

salt
sugar
butter
flour
oil
bread
milk
mince meat
chicken
vegetables, herbs etc.
petrol or taxi fares
then backdated to like 1990 the "basket" would look crazy

instead we get
airfryers dropped massively in price due to over saturation.... so that sure makes inflation look good

gluten free bread? rice cakes? vinyl music? spray oil? things we all buy on a regular basis 100% same as the old sofa bed we all have one apparently lol.....
xT5e2r0.png



all the figures are mental gymnastics to make inflation look good, and no doubt the same with wages
 
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arknor said:
do they really? or is it on average based on some skewed result like a ceo earning 50million in a year
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Partially right. Those at the top are making a lot more and min wage has increased. It's the middle that are feeling the squeeze most.
 
i would be more inclined to believe if average = median, but as it stands, all just propaganda and fake news
i don't feel wealthier now than i did when i just started working :(
 
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arknor said:
do they really? or is it on average based on some skewed result like a ceo earning 50million in a year


wonder what happens when you look only at people under 35k and under 26k and don't average it out with the high earners


still feels like supermarkets prices are going up 5% every week
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Pay growth was highest in the bottom 25th percentile.

Prices in supermarkets are not going up 5% a week... seriously at least try and make a decent argument :cry:
arknor said:
For a start how they measure inflation is already skewed by changing the "basket of goods every year" and that basket always seems to include stuff I doubt most people buy
Click to expand...
The 'basket of goods' just captures what most people are buying and using, it wont apply to everyone equally...
 
200sols said:
The 'basket of goods' just captures what most people are buying and using, it wont apply to everyone equally...
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most people are buying gluten free bread and air fryers in 2025? same with vinyl records? surely everyone who wants an air dryer has them by now, you can get them for like 20-40quid in aldi? they used to be like 100-200 when they were hyped up?


It's estimated that at least 10% of UK consumers follow a gluten-free diet. However, the majority of people in the UK never buy gluten-free food
In 2018, 37% of people in the UK said they didn't own any vinyl records, while 35% said they owned a few, and 24% said they owned lots.
thats not even peope buying vinyl its people "owning"


spray oils probably similar, I doubt it's anywhere near the most common sold cooking oil

don't most people just buy a spray bottle designed for oil?

rice cakes can;t be that popular... only ever known people to buy them if they are too lazy to cut some fruit up or something for their kids...
 
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As I said, just because you don't purchase every item doesn't mean it's all made up...

Anyway, if you think prices are going up 5% a week what exactly are you buying..
 
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