on income that 9% is on as you said the middle class that hits average earners so the rich get really rocked. yeah, so kim the political implications here as these people move out, does that leave states like california and new york and illinois even more center left states and less likely to change with all of these voters moving out? well, it depends on the course that they choose to take. i mean, they can continue to just let this hemorrhage happen or now we ve seen some of these governors of states begin to acknowledge and even newsom did that their progressive tax rates are problematic for budget and they have people leaving. you know new york city mayor eric adams talking about this recently this is a problem people leaving and hurting tax base. so they also have the possibility of changing and maybe lure some people back i m not hopeful, though.
and that reopening will begin in 02 and if you look at those surveys of companies as well at least private companies and some of the night mysteries expressed ms about the economic future for china in the near future, particularly when the economy starts to reopen. duncan wrigley, thank you so much. we know it s hard to get the detail on the stories. here in the uk the chancellor will meet with business groups including the cbi federation of small businesses, uk hospitality and british chamber of commerce to discuss the government s plans for energy bill support for businesses after the current package expires in april. business groups are expecting universal support to be cut roughly in half from current levels and warn they will be forced to pass on the record price rises to customers. this morning the british retail consortium has released its latest figures on food inflation showing prices hit 13.3% in december the highest reading since the trade body s records began in 2005.
let this play out and it could take a while. , ., ., ~ let this play out and it could take a while. , ., ., ,, ., a while. ben y, good to talk to you. thank a while. benjy, good to talk to you. thank you very a while. benjy, good to talk to you. thank you very much. let s look at some of the other stories making headlines today. russia has said a missile attack that killed at least 89 russian soldiers happened because troops were using mobile phones, defying a ban and allowing the enemy to locate its target. ukraine claims the real number of losses from the attack on the occupied town of makiivka is much higher it says 400 soldiers were killed. uk food price rises rose at a record rate in december, with retail industry leaders warning high inflation would continue this year. new data released today by the british retail consortium show annual food inflation jumped to 13.3% last month, up from 12.4% in november. jumped to jumped to 15%. temperatures forjanuary have reach
13.3% in december. remember inflation is the rate at which prices are rising. so to put that into real life terms, that means if you brought a drink a year ago for £1, that same could now cost you £1 30 p. within that, fresh food prices are rising even faster so inflation there hit 15% in december. don t forget, this will be at a time when many of us stocking up on groceries and other items heading into the big christmas day celebrations. so why are prices rising are so fast? well, experts say the war in ukraine has pushed up the price of things like energy, animalfeed and pushed up the price of things like energy, animal feed and fertiliser and that is making the cost of producing the food increasingly more expensive. of course the big question is how long will prices stay high? well, the british retail consortium has warned that inflation shows no signs of waning any time soon and that could mean another difficult year for consumers. as well as a business is a. bid
at a time when many families would have been stocking up for christmas. fresh food inflation hit 15% in december, up from 14.3% in november, according to the british retail consortium. pretty much everything is going up, we re feeling that and experiencing that all around us, but food prices are rising particularly fast as these new figures from the british retail consortium show, so they found that overall food price inflation hit a 13.3% in december, remember inflation is the rate at which prices are rising, so to put that into real life terms that means you brought a drink one year ago for £1, that same drink would now cost you £1 30 p. £1, that same drink would now cost you £130 p. fresh food prices are rising ever faster, you £130 p. fresh food prices are rising everfaster, invasion the head 15% in december. don t forget this will be at a time when many of us were stocking up on groceries and other items heading into the big christmas day celebrations, so why are prices risin