frozen tax thresholds and double digit inflation in a real value of people s wages. to digit inflation in a real value of people s wages- digit inflation in a real value of people s wages. digit inflation in a real value of n-eole swaes, .,, , digit inflation in a real value of ”eole swaes, .,, , ., people s wages. to see people face a real squeeze people s wages. to see people face a real squeeze on people s wages. to see people face a real squeeze on the people s wages. to see people face a real squeeze on the opposition i real squeeze on the opposition parties want to play much of the blame on the government. not international factors like the pandemic of the war in ukraine. this conservative pandemic of the war in ukraine. this conservative government has plunge the economy conservative government has plunge the economy into conservative government has plunge the economy into chaos conservative government has plunge the economy into chaos and - conservative governme
which means we ve got to sell somewhere between 150,000, £200,000 worth more beerjust to cover the additional wages costs. but some global inflationary pressures have recently been easing. shipping goods like beer across the world now costs less than a third of what it did in 2021. that s one reason why the bank of england expects double digit inflation to drop back to single digits in the spring. for now, though, it s all about those price shocks. milk, butter, dairy foods, bread. last year, filling up the car. strangely, fruit teas, they seem to have gone from £1 to £2.25. and you think, how can that be? to stop inflation bedding down in the domestic economy, interest rates were expected after the mini budget to have to rise to 6%. now they re expected to peak in the spring at 4.5%.
that is one reason the bank of england expects double digit inflation to drop back to single digits in the spring. for now, though, it s all about those price hikes. milk, butter, dairy foods, bread. filling up the car. strangely, fruit teas. they have gone from £1 to £2.25, and you think how can that be? . until recently, most of the inflationary pressure was global. the price of food, the price of fuel there is not much the bank of england can do about those global prices, but what they are now worried about is that inflation is becoming embedded domestically in the price of service, like a restaurant meal. the uk is not the only country hit by soaring inflation, it is even higher in germany and italy, which depend far more on imported russian gas. what s people s number one anxiety is the rising cost of things,
i mean, it s a beautiful place ,egypt. i mean, al-sisi. i mean, it s fabulous over there. i love egypt. okay, but the issue of going over there and saying we re going to give another hundred million to developing nations, another one hundred and fifty million financial support for other african nations, 11 billion dollars to fight climate change in nations, fewer greenhouse gases when he already promised three 70 billion dollars in his inflation reduction act, which doesn t reduce inflation is to me an outrage in a country where we are suffering double digit inflation and the economy is terrible. okay, and finally, let me just say one thing. if he thinks he s going to get any of this money passed through the house, he s out of his mind because the republicans are going to be controlling the house. and there s something that just said several months ago that during the pandemic, then i have to quote him again, that carbon dioxide in the atmosphere hit record highs
announcer: support more victories for veterans. go to dav.org. can talk. claiming americans didn t understand msnbc joy reed claiming americans didn t understand inflation till republicans came along. they taught americans inflation and most people would have never used that word ever in their lives. will: here to react, outkick founder clay travis. without fox and republicans, clay, no one would know what inflation is. how could we know? to be fair, it s been 40 years since we had a president this bad when it comes to inflation being this high so certainly i think there s many americans out there given that the average age in this country is 43, 44, whatever the heck it is, that never remember experiencing nearly double digit