Future Retirement Success
  • Politics
  • Business
  • Investing
  • Stocks
  • Politics
  • Business
  • Investing
  • Stocks

Future Retirement Success

Business

Consumer squeeze ‘worse than I have ever known’ says ex CBI boss and Cobra Beer chair

by October 6, 2022
October 6, 2022
Consumer squeeze ‘worse than I have ever known’ says ex CBI boss and Cobra Beer chair

Consumers are being squeezed by “worse than I have ever known,” the former chief of the Confederation of British Industry (CBI) and the founder of Cobra Beer has said.

Speaking on BBC Radio 5 Live’s Wake Up to Money programme, Lord Karan Bilimora was asked about the impact of industrial action this month – with workers from sectors ranging from telecoms to public transport set to walk out.

The businessman dubbed strikes as “very damaging” for everyone and said they “should be an absolute last measure”.

He noted that consumers were currently “being squeezed so badly, worse than I have ever known in my three decade business career.”

Cost of living costs have risen exponentially in recent months while wages have not increased at the pace of inflation.

Bilimoria warned of the risk of a wage price spiral and said there was a worry that the government could create more inflation with its measures.

“In a classic environment, yes, you would [further fuel inflation. In today’s environment, demand is being squeezed because consumers are being squeezed.”

He said many of the factors driving inflation were out of the UK government’s control, pointing to the war in Ukraine and high global energy prices.

Read more:
Consumer squeeze ‘worse than I have ever known’ says ex CBI boss and Cobra Beer chair

0
FacebookTwitterGoogle +Pinterest
previous post
Truss ‘giving with one hand and taking with other’ through stealth taxes, IFS says
next post
Rail unions hope to find solution to pay dispute ‘together’ with UK government

You may also like

Fenix Charity Fund’s Impactful Year of Support for...

December 26, 2024

Amazon Delays Rule Change for UK Sellers Amidst...

August 14, 2023

The Indispensable Bunsen Burner: Why Laboratories Rely on...

September 25, 2023

The Integral Role of Strategic HRM in Advancing...

June 11, 2024

Fostering Innovation and Team Collaboration: Strategies from Scott...

September 26, 2024

Secrets of Success: Hywel Carver, co-founder and CEO,...

November 16, 2022

UK businesses slash investments due to soaring prices...

August 1, 2022

Prisoners could get ‘AI cellmate’ to help them...

January 28, 2025

Get Ahead of Current Market Demands by Adopting...

September 4, 2024

Truss U-turn on pension triple lock will provide...

October 20, 2022

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free

    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • How Staff Can Strengthen HIPAA Compliance and Security

      June 29, 2025
    • Lotus denies plans to close Hethel factory amid US expansion talks

      June 29, 2025
    • Top university degrees lose sway as tech employers prioritise job-ready skills

      June 29, 2025
    • Government urges supermarkets to make healthy food more appealing in bid to tackle obesity crisis

      June 29, 2025
    • Senate Republicans ram Trump’s ‘big, beautiful bill’ through key test vote

      June 29, 2025
    • Chief Justice Roberts sounds alarm on dangerous rhetoric aimed at judges from politicians

      June 29, 2025

    Categories

    • Business (8,334)
    • Investing (2,081)
    • Politics (15,853)
    • Stocks (3,177)
    • About us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: futureretirementsuccess.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 futureretirementsuccess.com | All Rights Reserved