A senior economist at the worldwide bank HSBC has warned of civil unrest in Britain if food prices continue to soar. Speaking on Jeff Randall Live, senior global economist Karen Ward cautioned that the UK could experience the kind of food riots seen in other countries.
This type of comment is sheer sensationalism and really has no place in our society. People who make strong statements like this must be curbed for such irresponsibility.
This type of comment is sheer sensationalism and really has no place in our society. People who make strong statements like this must be curbed for such irresponsibility.
If we want to do something about the economic effect on our lives then the power lies in the hands of 60 million people and not one idiotic economist. We do not need riots in this country as it will cost the taxpayers money again.
If we could get organised better it would only be necessary to put pressure on food and fuel retailers one at a time just to prove we can do it. Say, for example, a few million of the SILENT MAJORITY agreed to BOYCOTT a supermarket chain and a fuel retailer just for one week until they agreed to reduce their prices then ALL retailers would have to think twice before increaseing their prices as frequently as they do. This could also follow for utilities ( except water which is monopolised ) and services such as Sky television.
Food and fuel retailers seem to think it is acceptable to increase costs to the public in order to protect their income.
Our income does not increase as we have no way of doing so and therefore our personal "profit" decreases in difficult times.
It is time retailers reduced their profits in difficult times and spread the pain across the whole society instead of always taking it out on those who can ill afford the increases.
I understand that they feel they must protect their share prices and the shareholders, but we, the normal majority of people are the ones who constantly bear the brunt of the difficult times. It is time now to share the burden and change priorities.
If we could get organised better it would only be necessary to put pressure on food and fuel retailers one at a time just to prove we can do it. Say, for example, a few million of the SILENT MAJORITY agreed to BOYCOTT a supermarket chain and a fuel retailer just for one week until they agreed to reduce their prices then ALL retailers would have to think twice before increaseing their prices as frequently as they do. This could also follow for utilities ( except water which is monopolised ) and services such as Sky television.
Food and fuel retailers seem to think it is acceptable to increase costs to the public in order to protect their income.
Our income does not increase as we have no way of doing so and therefore our personal "profit" decreases in difficult times.
It is time retailers reduced their profits in difficult times and spread the pain across the whole society instead of always taking it out on those who can ill afford the increases.
I understand that they feel they must protect their share prices and the shareholders, but we, the normal majority of people are the ones who constantly bear the brunt of the difficult times. It is time now to share the burden and change priorities.
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