GENERICO.ruВ миреBritons warned of end of 'golden era'

Britons warned of end of 'golden era'


London. File photoMOSCOW, May 15.The «golden age» of cheap food in the UK is coming to an end, the British should prepare for the fact that food prices will rise in the long term. This, according to The Guardian, was stated by the former head of the second largest retail chain in the United Kingdom, Sainsbury's Justin King. Spencer, expect that supermarkets will protect consumers from price increases due to increased income, do not count. Shoppers face tough choices about how best to spend their money, he said, especially as soaring inflation and the ripple effect of the conflict in Ukraine have pushed up prices on store shelves.Sky News: Britain hit by cost-of-living crisisThus, the Bank of England previously predicted that headline inflation is likely to top 10% this year, the highest since 1982. “Perhaps the golden era is behind us. We have never spent less on groceries before than now, and the decline was long and smooth. So I suspect that food spending will increase in the long run. Historically, it will not be very much, but still will require family budget adjustments,» King said. He acknowledged that many families would be short on food and suggested that the government would have to intervene with funding and benefits for distressed households. At the same time, any state intervention should be targeted, since “extraordinary sums” will be needed to change the situation, the top manager added. After the start of the Russian military special operation to demilitarize and denazify Ukraine, the West increased sanctions pressure on Moscow. The disruption of supply chains has led to economic problems in the US and Europe. In the UK, increases in gas and electricity tariffs have hit millions of households across the kingdom: now the country's energy costs will increase by an average of 700 pounds a year. All this led to a 30-year record inflation rate: in February it reached 6.2 percent. 2022/05/1b35d4bdf4ef566f6bfea36d3b0541e7.jpg» />»Millions will freeze.» In Britain, they are afraid to freeze because of enmity with Russia

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