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Post by Deleted on May 24, 2023 16:21:33 GMT
£7B we've had to pay extra to keep trade barriers up. www.theguardian.com/politics/2023/may/24/brexit-food-trade-barriers-have-cost-uk-households-7bn-report-findsBrexit food trade barriers have cost UK households £7bn, report finds
LSE researchers estimate that extra barriers on EU food imports have pushed up bills by £250 on average British households have paid £7bn since Brexit to cover the extra cost of trade barriers on food imports from the EU, according to researchers at the London School of Economics (LSE). The university’s latest report estimating the impact of leaving the bloc on UK food prices found that trade barriers were consistently hampering imports, pushing up bills by an average £250. The cost of food in the UK had rocketed by 25% since 2019, the researchers calculated, but if the post-Brexit trade restrictions were not in place then this increase would be only 17% – nearly a third lower. Adding up the impact on all British households suggested they had paid an extra £6.95bn as a consequence, they said. “Between December 2019 and March 2023 food prices rose by almost 25 percentage points. This analysis suggests that in the absence of Brexit this figure would be 8 percentage points (30%) lower,” the report found. The International Monetary Fund has urged the UK government to lower non-tariff barriers to trade to lower inflation. In a health check on the UK economy, the Washington-based body said the government should work to bring down inflation generated by trade barriers with its main trade partners. The UK has the highest food inflation rate in the industrialised world, according to recent inflation data. In the latest figures from the Office for National Statistics, the consumer prices index measure of inflation fell to 8.7% from 10.1% in March, but food inflation over the past year remained elevated at 19%. Brexit trade barriers include extra paperwork to validate goods and veterinary checks on livestock.
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Post by Red Rackham on May 24, 2023 16:42:26 GMT
Oh Christ I see Ursula's soothsayer is at it again.
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Post by Pacifico on May 24, 2023 17:22:09 GMT
The UK has the highest food inflation rate in the industrialised world, according to recent inflation data. Horseshit...
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Post by Deleted on May 24, 2023 19:50:45 GMT
The UK has the highest food inflation rate in the industrialised world, according to recent inflation data. Horseshit... Maybe the term "industrialised world" excludes NICs or developing countries like Turkey. Here -- data from Trading Economics. Country Last Previous Reference Unit Venezuela 426 458 Apr/23 % Lebanon 350 352 Apr/23 % Argentina 115 107 Apr/23 % Zimbabwe 102 128 Apr/23 % Iran 71.5 70.1 Feb/23 % Suriname 58.2 58.3 Mar/23 % Egypt 54.7 62.9 Apr/23 % Rwanda 54.6 62.6 Apr/23 % Turkey 53.92 67.89 Apr/23 % Laos 52.2 51 Apr/23 % Sierra Leone 49.46 50.21 Mar/23 % Burundi 48.9 40.9 Mar/23 % Ghana 48.7 50.8 Apr/23 % Pakistan 48.07 47.15 Apr/23 % Haiti 48 48.6 Feb/23 % Hungary 39 44.8 Apr/23 % Ethiopia 32.8 29.6 Mar/23 % Malawi 32.4 31.7 Mar/23 % Sri Lanka 30.6 47.6 Apr/23 % Slovakia 25.4 28.2 Apr/23 % Nigeria 24.61 24.45 Apr/23 % Estonia 23.4 24.7 Apr/23 % Serbia 23.1 25.4 Apr/23 % Ukraine 22.2 26.8 Apr/23 % Lithuania 21.9 27.6 Apr/23 % Gambia 21.48 19.82 Apr/23 % Latvia 20.2 24.1 Apr/23 % Romania 19.84 21.56 Apr/23 % Poland 19.7 24 Apr/23 % Bosnia and Herzegovina 19 20.8 Mar/23 % United Kingdom 19
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Post by Pacifico on May 24, 2023 21:28:42 GMT
Horseshit... Maybe the term "industrialised world" excludes NICs or developing countries like Turkey. Here -- data from Trading Economics. You can exclude whoever you like, but as the UK has lower food inflation than the EU (who are fairly industrialised) - you are still talking horseshit.
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Post by Deleted on May 24, 2023 22:48:08 GMT
Maybe the term "industrialised world" excludes NICs or developing countries like Turkey. Here -- data from Trading Economics. You can exclude whoever you like, but as the UK has lower food inflation than the EU (who are fairly industrialised) - you are still talking horseshit.
You appear to be confusing the cumulative rate of increase in food inflation with the actual current rate of food inflation.
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Post by Pacifico on May 25, 2023 6:39:15 GMT
If you are basing your economic policies on the data from a single month then you are an imbecile as well as talking horseshit..
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Post by Deleted on May 25, 2023 9:14:02 GMT
If you are basing your economic policies on the data from a single month then you are an imbecile as well as talking horseshit.. Well, obviously! Basing economic policies on data from a single month is imbecilic and horseshit. It shouldn't even occur to anyone to make a statement about it. Everybody knows that no policy maker would base his or her economic policies on data from a single month -- not even ex-chance, Kwasi Kwarteng.
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Post by buccaneer on May 26, 2023 23:27:56 GMT
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Post by Baron von Lotsov on May 27, 2023 1:09:30 GMT
£7B we've had to pay extra to keep trade barriers up. www.theguardian.com/politics/2023/may/24/brexit-food-trade-barriers-have-cost-uk-households-7bn-report-findsBrexit food trade barriers have cost UK households £7bn, report finds
LSE researchers estimate that extra barriers on EU food imports have pushed up bills by £250 on average British households have paid £7bn since Brexit to cover the extra cost of trade barriers on food imports from the EU, according to researchers at the London School of Economics (LSE). The university’s latest report estimating the impact of leaving the bloc on UK food prices found that trade barriers were consistently hampering imports, pushing up bills by an average £250. The cost of food in the UK had rocketed by 25% since 2019, the researchers calculated, but if the post-Brexit trade restrictions were not in place then this increase would be only 17% – nearly a third lower. Adding up the impact on all British households suggested they had paid an extra £6.95bn as a consequence, they said. “Between December 2019 and March 2023 food prices rose by almost 25 percentage points. This analysis suggests that in the absence of Brexit this figure would be 8 percentage points (30%) lower,” the report found. The International Monetary Fund has urged the UK government to lower non-tariff barriers to trade to lower inflation. In a health check on the UK economy, the Washington-based body said the government should work to bring down inflation generated by trade barriers with its main trade partners. The UK has the highest food inflation rate in the industrialised world, according to recent inflation data. In the latest figures from the Office for National Statistics, the consumer prices index measure of inflation fell to 8.7% from 10.1% in March, but food inflation over the past year remained elevated at 19%. Brexit trade barriers include extra paperwork to validate goods and veterinary checks on livestock.It sounds about what I'd expect: 2/3 energy, 1/3 Brexit. Fertiliser production is very energy intensive.
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Post by Deleted on May 27, 2023 12:44:08 GMT
You mean to say this has been rebutted unsuccessfully. I mean, this Brexit defending supposed economist can't even provide her own round, super wide ballpark figure. She uses her own projections and assumptions, applies them and then concludes that "In short there are many reasons why food prices, especially food prices with high EU non-tariff barriers such as meat and cheese, have increased since Brexit, but from the trade data – it doesn’t look like Brexit is the cause." She prattles on about unit prices but doesn't (or can't) quantify the relevant factor, i.e., the non-tariff barriers as pointed out by the LSE report. So, is that it; the great rebuttal from these bloggers? -- "there are many reasons why ...?"
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Post by buccaneer on May 29, 2023 7:32:23 GMT
You mean to say this has been rebutted unsuccessfully. I mean, this Brexit defending supposed economist can't even provide her own round, super wide ballpark figure. She uses her own projections and assumptions, applies them and then concludes that "In short there are many reasons why food prices, especially food prices with high EU non-tariff barriers such as meat and cheese, have increased since Brexit, but from the trade data – it doesn’t look like Brexit is the cause."
She prattles on about unit prices but doesn't (or can't) quantify the relevant factor, i.e., the non-tariff barriers as pointed out by the LSE report. So, is that it; the great rebuttal from these bloggers? -- "there are many reasons why ...?" And instead you believe the Guardian who blame food prices solely on Brexit! Lol And you cannot explain why food prices have gone up between EU members. Lol. You glibly trot out headlines that feed your bias and look like a fool in the process. Come back to me if you are able to put some meat on that bone you have between your flapping gums.
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Post by Deleted on May 29, 2023 10:44:03 GMT
You mean to say this has been rebutted unsuccessfully. I mean, this Brexit defending supposed economist can't even provide her own round, super wide ballpark figure. She uses her own projections and assumptions, applies them and then concludes that "In short there are many reasons why food prices, especially food prices with high EU non-tariff barriers such as meat and cheese, have increased since Brexit, but from the trade data – it doesn’t look like Brexit is the cause."
She prattles on about unit prices but doesn't (or can't) quantify the relevant factor, i.e., the non-tariff barriers as pointed out by the LSE report. So, is that it; the great rebuttal from these bloggers? -- "there are many reasons why ...?" And instead you believe the Guardian who blame food prices solely on Brexit! Lol And you cannot explain why food prices have gone up between EU members. Lol. You glibly trot out headlines that feed your bias and look like a fool in the process. Come back to me if you are able to put some meat on that bone you have between your flapping gums. It's actually a CFE-LSE study. And if it's good enough for The Guardian, The Independent and other major publications? Then it's good enough for me. The CFE conclusions are safe and reliable -- as opposed to the "analysis" by your blogger who can't even make an idiotic guess what the figure should be. The best your "economist" from your favourite blog can do is issue this crap, generic conclusion that "in short there are many reasons why food prices have increased since Brexit." Crap conclusion from crap bloggers. No wonder, no major print or online publication picked it up. If there was a need to explain why food prices have gone up between EU members, then I would go and have a look at it. But there is no need for that, is there? I don't go denigrating the EU in an effort to boost Brexit. That's Brexit fundamentalism -- and I ain't no Brexit fundamentalist like you. I may look like a fool to you but the truth is, I have successfully invalidated ALL your arguments and you have never ever been able to give a sensible, reasonable, cogent counter argument. The best you can offer are crappy, biased blogs from Briefings for Britain.
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Post by Pacifico on May 29, 2023 11:31:13 GMT
It's actually a CFE-LSE study. And if it's good enough for The Guardian, The Independent and other major publications? Then it's good enough for me. The CFE conclusions are safe and reliable This is the modelling of the LSE forecast - they are saying that the without Brexit UK food inflation would be the yellow bar on the left - we would have seen almost 50% less inflation than Germany and over 30% less than the EU average. How likely do you think that forecast is?
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Post by Deleted on May 29, 2023 12:22:28 GMT
It's actually a CFE-LSE study. And if it's good enough for The Guardian, The Independent and other major publications? Then it's good enough for me. The CFE conclusions are safe and reliable This is the modelling of the LSE forecast - they are saying that the without Brexit UK food inflation would be the yellow bar on the left - we would have seen almost 50% less inflation than Germany and over 30% less than the EU average. How likely do you think that forecast is? That's the modelling, but are they the assumptions? Maybe you could share with us or direct us to the actual methodology and assumption sheets used by CFE and maybe point to where where they say that they used the ONS and Eurostat data and chart showing the 2019-2023 cumulative % increase in food prices.
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