JuneSim63 on Nostr: "More recently the UK stands out among advanced economies as having seen formidably ...

"More recently the UK stands out among advanced economies as having seen formidably resilient corporate margins in the face of surging costs. In the second half of 2022, UK inflation was about four percentage points higher than it would have been had profits absorbed rising costs as they did before the pandemic.”

Good article on how corporate price-gouging is fuelling inflation.

#Inflation #Prices #CostOfLiving #UKPolitics #Economics #Profiteering

https://www.theguardian.com/business/2023/jul/01/rip-off-britain-cost-of-living-crisis-uk-retail-profits?CMP=GTUK_email