"“We have lent a huge amount of money to the U.S. Of course we are concerned about the safety of our assets. To be honest, I am definitely a little worried.” "


Chinese premier Wen Jiabao 12th March 2009


""We have a financial system that is run by private shareholders, managed by private institutions, and we'd like to do our best to preserve that system."


Timothy Geithner US Secretary of the Treasury, previously President of the Federal Reserve Bank of New York.1/3/2009

Wednesday, June 27, 2007

Birds Eye Peas but the prices won't be frozen


Michael Wright of Bird's Eye explained on BBC "Farming Today" that they now expect a shortfall of 20% of their UK pea crop.

Priding themselves on selling UK produce this will probably mean higher retail prices .. and more imports - but Northern Europe has ben hit with the same bad weather as the UK.

2 comments:

Anonymous said...

Can my Lord Patel express an opinion as to whether or not increases in food prices will affect CPI (or even RPI / student debt)?

(Similarly, for the gangmaster gangbustin story, below ...)

Shutter said...

Of course it will - on both accounts. However both are subject to fiddle / massaging / later correction / update / jiggling / restatement etc.,... although not quite as blatant as the US.

Oil has just climbed over US$70 and a later post sovers the raapid decline in UK indigineous energy resources = more energy imports , greater costs, higher Balance of Payments gap etc., raw materials costs etc.,

(C) Very Seriously Disorganised Criminals 2002/3/4/5/6/7/8/9 - copy anything you wish