Monday, 29 April 2024

Climate Change Washing Up on UK Shores?

The UK's recent 'washout winter' seems likely to reduce the agricultural sector's yields of wheat; barley; oats and oil seed rape by some 20%. These losses will inevitably increase the prices of beer; bread and biscuits (shock, horror!). It will also necessitate the country having to increase its food imports, to make up the shortfalls (https://www.theguardian.com/environment/2024/apr/29/washout-winter-spells-price-rises-for-uk-shoppers-with-key-crops-down-by-a-fifth). Recent declines in inflation are, consequently, likely to stall. Higher food prices, mean higher living costs. The impact is, of course, highest on the poorest. Climate change may also alter the economic 'weather'.

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