UK inflation to top 18% in early 2023

[DooMAD]

they must always find ways to maintain the company, always have to come up with new initiatives, and create different products, under competitive pressure from competitors...

Much of that gets delegated to middle-management in large corporations.  There may be occasions where it could be justified for a CEO to be earning 1000% above what anyone else in the company earns.  Yet in some companies, the disparity can be as high as 50000% or greater.  And the gap is growing.

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[Scripture]

If this happens - an inflation of 18% - of course it will have fatal consequences for the people who actually have lower middle income, the government must find solutions and adjust income and salaries for them, because electricity and gas energy needs are important before winter arrives.

Higher inflation started to feel in UK since the Brexit, and the UK government really knows the effect of that and I'm sure they are more ready by that time but due to unforeseen circumstances started from the Covid, other issues and now with the war between Ukraine and Russia, the situation becomes more worst and unexpected for them. That high inflation should address right away, or else they will suffer more. They are conserving their gas consumption for the winter, but I don't think it's enough to fully control the inflation, to lower that rate it will take years and probably a decade especially if they still have no solution for this.

[$anounimus$]

Inflation is already a global problem including for the British people, but it looks like it will get a lot worse before it gets better to tame inflation. Personally, I think there are two issues at play here. The first is that the problem of higher inflation has existed for some time, yet it has not been given the attention it deserves.

It is possible that the price increase will continue to increase with little response from the government. The second problem is the impact of inflation on businesses and entrepreneurs. Many financial planners recommend budgeting at least five percent more annually to accommodate this rising inflation rate. That's hardly ideal for those vying for a certain profit margin by the end of the year.

in my view, The government needs to find a way of maintaining a soft Brexit and also keep inflation below 18 percent. It will be an interesting challenge.

[Mauser]

Its strange to see these headlines lacking commentary on the internet. No one appears to be scrambling to mitigate rising energy costs. It seems as if many will be caught unprepared and unaware by it.

Should more steps be taken to address this?

I also find it strange that there is no stronger focus on the inflation now. This week with the death of the Queen nobody will look at evomics, but before there should have been more pressure to fix the economic outlook. The next two weeks will be public mourning and not much else happening. Eventually the inflation rate needs to be brought down, you can't have double digit inflation rates for a longer period of time. If things get worse this could lead to a spiral and bring inflation out of control. Finding a new government probably also didn't help. But the good thing is UK still has it's own currency and react freely now without worrying about the EU.

[DooMAD]

Eventually the inflation rate needs to be brought down, you can't have double digit inflation rates for a longer period of time. If things get worse this could lead to a spiral and bring inflation out of control. Finding a new government probably also didn't help. 

It's not going to improve any time soon.  In fact, it'll probably get much worse.  The new government describe themselves as "unashamedly pro-growth".  This will likely only exacerbate the current trends, as rapid economic growth typically causes inflationary pressures.