Politics, politics, politics (so long and thanks for all the fish)

[Silly McSilly Face]

No. You said “Iceland have announced they are in the red and that this is specifically due to the tax increases implemented by the government.”
Which is strange because the tax increases took effect after Iceland filed their accounts showing the loss.

Iceland have said that they may need to increase prices but equally have said they are planning to open 20 new stores in this financial year.

Play pedanr all you like. Ive been drinking since 5pm. Iceland have announced they are in the red. They are going to have to take action which involves significant price hikes for context consumers. They have specifically attributed that to the policies of this current government. I might not have worded it perfectly but its what theyve said. And this government have been an economic disaster and a disaster in many other ways also.

 

[Mikey10]

Are you on the Labour Party pay roll? All retailers are struggling. People have no spare money so they're not shopping. They're not spending. I've personally never felt so tight. The bank i work for have made 4,000 people redundant in cost cutting measures. 500 in the office i work in. I've lost friends, colleagues. Deals are not happening now. Customers buisinesses are going insolvent. The economic outlook is absolutely bleak. Its not felt this bad since 2008. And just over a year ago there was a lot of positivity. It felt buoyant. They've absolutely killed it. Iceland were struggling before with inflation - they've sucked up wholesale costs without passing on. In their latest announcement they said this is no longer possible and significant consumer price increases are necessary due to government policy. Inflation is creeping upwards again after reducing under Sunak and Hunt. The government's policies have been inflationary when global pressures are also inflationary.

And it was all going so well before they came into power.