Bbc : Biased Broadcasting Corporation

[melthebell]

59 minutes ago, Chekhov said:

It was not the pandemic per se which has caused inflation, it was the efforts made it limit the economic damage of suppressing the economy for months on end.

Millions of people were stopped from from being productive, and many millions more were made less productive. At the same time literally billions of pounds into the economy stimulating demand, which even worse, could not be satisfied at the time as many of the normal things people spend money on were banned or made very much less appealing (e.g. holidays, and esp foreign holidays).

Then there was the massive amounts spent to try and suppress Covid (e.g. mass testing and tracing) the figures are absolutely eye watering.......

The bill for all of this is here now.....

 

U.K. Spent £69 Billion Supporting Furloughed Employees

https://www.bloomberg.com/news/articles/2021-10-21/u-k-spent-almost-100-billion-supporting-furloughed-employees

 

The Covid-19 pandemic has resulted in very high levels of public spending. Current estimates of the cost of Government measures announced so far range from about £310 to £410 billion. This is the equivalent of about £4,600 to £6,100 per person in the UK.

https://commonslibrary.parliament.uk/research-briefings/cbp-9309/

I know the spending, i was furloughed myself, my point is, that hasnt come through the other side yet, have a think at what needs to rise because of the pandemic, and what has actually risen, fuel prices for one wasnt due to the pandemic, funnily enough

Edited April 16, 2022 by melthebell

[RollingJ]

@melthebell- the fuel/power price rises are totally divorced from the subject discussed here - they are due to increased world demand and, although some will no doubt say I am wrong, profiteering by the major players. The fire at the inter-connector site  (in Essex?) earlier this year, which still hasn't been fully repaired,  won't have helped, either.

[Chekhov]

 

1 hour ago, RollingJ said:

@melthebell- the fuel/power price rises are totally divorced from the subject discussed here - they are due to increased world demand and, although some will no doubt say I am wrong, profiteering by the major players. The fire at the inter-connector site  (in Essex?) earlier this year, which still hasn't been fully repaired,  won't have helped, either.

You could also mention the problems at the Australian LPG floating LNG terminal, but, as it happens some (though no where near as much as Ukraine) of the increased price of energy IS down to the suppression of economies. At the start of the pandemic the price of oil plummeted and they oil companies cut back on extraction and exploration etc. The world's economy is finely balanced and it is easy for it to be thrown way off balance, and that is exactly what happened in the massive over reaction to a virus which 99% of people were surviving and the average age of death was mid 80s. It is exactly the same reason why we're still suffering the fall out from the disruption of silicone chip production in 2nd and 3rd Quarters of 2020.

1 hour ago, melthebell said:

I know the spending, i was furloughed myself, my point is, that hasnt come through the other side yet, have a think at what needs to rise because of the pandemic, and what has actually risen, fuel prices for one wasnt due to the pandemic, funnily enough

Where do you think all the money to pay your furlough is coming from ? Or, to put it a different way, what is going to be cut in order to balance the books for that ?

[melthebell]

10 minutes ago, Chekhov said:

 

 

Where do you think all the money to pay your furlough is coming from ? Or, to put it a different way, what is going to be cut in order to balance the books for that ?

as i said, that hasnt come through the system yet, the trouble is youre an extremist, you have an obsession with the pandemic and see it everywhere

[Chekhov]

18 hours ago, melthebell said:

as i said, that hasnt come through the system yet, the trouble is youre an extremist, you have an obsession with the pandemic and see it everywhere

It is unarguable that Covid, or more accurately the attempts to suppress Covid, has affected pretty much all aspects of our lives over the last two years. Anyone who does not see this is blinkered. Even more worrying are the long term effects, everything from people's risk aversion going up a few more notches to my lad's school (apparently) scrapping face to face parents evenings forever.

Edited April 17, 2022 by Chekhov

[melthebell]

6 minutes ago, Chekhov said:

It is unarguable that Covid, or more accurately the attempts to suppress Covid, has affected pretty much all aspects of our lives over the last two years. Anyone who does not see this is blinkered. Even more worrying are the long term effects, everything from people's risk aversion going up a few more notches to my lad's school (apparently) scrapping face to face parents evenings forever.

I'll say it again, whatever we will Be paying extra because of the pandemic HAS NOT been announced, and certainly not part of the rises so far that have hit

[Delayed]

3 hours ago, Chekhov said:

It is unarguable that Covid, or more accurately the attempts to suppress Covid, has affected pretty much all aspects of our lives over the last two years. Anyone who does not see this is blinkered. Even more worrying are the long term effects, everything from people's risk aversion going up a few more notches to my lad's school (apparently) scrapping face to face parents evenings forever.

You're right. Covid has affected everyone's lives over the last 2 years and furlough payments will need to get paid back at some point. 

 You crying about it on Sheffield forum won't change that .

 

Get over it .

[Litotes]

On 16/04/2022 at 09:50, Chekhov said:

The BBC are a disgrace.

Here are the 7 points from their page "Inflation: Seven reasons the cost of living is going up around the world"

https://www.bbc.co.uk/news/business-59982702

 

1. Rising energy and petrol prices

2. Goods shortages

3. Shipping costs

4. Rising wages

5. Climate impact

6. Trade barriers

7. The end of pandemic support

 

Most laughably "Climate impact" is, they say, one of the main drivers of inflation. Is that some kind of joke ? Having said that they are right in a way, we have pretty much stopped generating energy from coal, banned fracking and cut right back on oil investment, so that is actually one of the reasons energy prices are sky rocketing, but is that angle mentioned by the Beeb ? No, apparently a poor coffee harvest in Brazil is more significant.....

 

But surely at number 1 should be shutting down much of the economy for months on end whilst at the same time pumping billions of pounds into it....... But no, in actual fact the Pandemic is only mentioned in passing within other sub headings, and, most incredibly, they say that withdrawl of Pandemic support is causing inflation, the very opposite of the case as it was all those billions paid to people for being unproductive that is the main driver of all this !

 

BBC : Biased BS Corporation

Chekov, the BBC say here are 7 things - not the top 7 things, or seven things in order of priority. It is click bait and you succumbed to it because you didn't bother to read the article. And then you discussed it on a forum with a veneer of outrage... A good job done, BBC!

[El Cid]

On 16/04/2022 at 19:49, melthebell said:

as i said, that hasnt come through the system yet, the trouble is youre an extremist, you have an obsession with the pandemic and see it everywhere

That did make me chuckle, I hope Checkov found it amusing too.

COVID did not cause Inflation, masses of dead or very ill people would cause a depression, not inflation.

What caused the inflation was the Government borrowing billions and then giving it to businesses and Joe Public.

[melthebell]

2 hours ago, Litotes said:

Chekov, the BBC say here are 7 things - not the top 7 things, or seven things in order of priority. It is click bait and you succumbed to it because you didn't bother to read the article. And then you discussed it on a forum with a veneer of outrage... A good job done, BBC!

as i said, hes an extremist, he sees negatives of the pandemic everywhere due to his obsession

4 minutes ago, El Cid said:

That did make me chuckle, I hope Checkov found it amusing too.

COVID did not cause Inflation, masses of dead or very ill people would cause a depression, not inflation.

What caused the inflation was the Government borrowing billions and then giving it to businesses and Joe Public.

yup, but has it arrived yet? do you see any of these price rises as a direct consequence of the pandemic?