0:00
Yes, inflation has risen once again, rising to 3.8% in July
0:06
That's slightly higher than economists had expected. It's up from 3.6% in June
0:12
And the Bank of England is forecasting that inflation will increase further this year and peak at around 4% in September
0:19
That's bigger. I think these figures today are irrelevant, really, not 0.2%
0:24
But if they're going to go to four, that's pretty significant. and that's bad news for us all
0:32
Yeah, it is. And the ONS is commenting on this this morning, saying the main driver behind this is a hefty increase in airfares
0:39
the largest July rise since 2001. Why would that even be reflected in our lives
0:46
The timing of the school holidays, isn't it? So if the airfares have gone up
0:50
then it will be reflected in inflation. But I think in most people's day-to-day lives, airfares don't play a part
0:55
although I'd have to say, as a commuter between London and Belfast, the fares are absolutely shocking, disgraceful
1:02
Well, you've noticed it then, yeah. I've noticed it. I've got to live with it. I mean you could be paying 250 quid for a single fare I could get to Brazil for 250 quid Do you travel much by area Not so much lately but there were periods in my life
1:17
where I was back and forth all the time. But my dad used to go to Belfast. It was back in the... Well, 20 years ago
1:22
it was like, you need to get a flight for 50 quid. Well, we've all noticed airfares going up, haven't we
1:26
I mean, yeah, it's £200, £300 for a short haul now. But also petrol and diesel have gone up this month, haven't they
1:33
And food price inflation as well. items such as coffee, fresh orange juice, meat and chocolate
1:38
have seen the biggest rises. How do people live? How do people even order Deliveroo's and all those sort of things
1:46
takeaways, just through the roof? The price, certainly in London. Guys, I tell you what, London, don't bother coming to live in London
1:54
I mean, you know, I'm an outsider, I live in London. I think to myself, you know, compared to Manchester
1:58
compared to Leeds, compared to Glasgow, compared to Belfast... I always said if you've got a transferable career
2:03
it's a job you can do anywhere, Go and live in one of the big cities. Go and live in Liverpool or Manchester
2:08
I think that would be the best. Go and live in Stoke. Life's a lot more affordable, isn't it, outside of the capital
2:13
London is a complete rip-off in so many ways. But let's get back to this Epping Forest story
