The doom and gloom merchants are out in force today in the media.
When I was reading the various doom and gloom predictions online today and on some of the various news sites I wondered just how much of this will be down to the exploitation of the Brexit situation. Unemployment fell to 4.8% (1.6 million) but the numbers of people on zero hours contracts increased to over 800,000 this year. Wages continue to stagnate and are predicted to fall below even the 2008 level yet the UK’s largest 100 companies saw revenues grow by an average of 7.3 per cent. Bankers salaries continue to rise year on year, both in the UK and across the EU, while our living standards continue to fall or are they being driven down by greed.
Energy companies are blaming the collapse of the pound for the increase in prices, the Competition and Markets Authority said consumers were already paying £1.4billion a year too much for their energy. We have seen companies demand price rises while we have all seen the size of things like a chocolate bar get smaller as the price gets larger, we have seen the number of pieces in the box reduce while the price gets higher. The business analyst Guy Shone has noted that “Big companies are treating the British high street as a cash cow ready to be milked. They are using Brexit to make bigger profits.” Guy Shone, founder of Explain the Market, added: “Companies are using Brexit as an excuse to bump up prices and make bigger profits.
It’s bad enough that many seem to see Brexit as a re-birth of the empire, but this is just masking the fact that us poor folk continue to be ripped off at every opportunity, Rip Off Britain is back with a vengeance. So while I don’t doubt that things will be tough until things settle down, I also wonder how far this situation will be exploited, how much we will be exploited.
We have got to keep our eyes open, and if we see that companies are exploiting Brexit, and ourselves, we have to make them pay at the checkout because sure as fate the Tories won’t, they mostly own the companies who will be doing it.