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only inflation example before now, really _ only inflation example before now, really. instead they rent with private — really. instead they rent with private landlords, who are pushing up private landlords, who are pushing up rents _ private landlords, who are pushing up rents. what are people who are selling _ up rents. what are people who are selling cars — up rents. what are people who are selling cars then? pushing up the price _ selling cars then? pushing up the price of— selling cars then? pushing up the price of car— selling cars then? pushing up the price of car leases, 90% of cars sold _ price of car leases, 90% of cars sold in— price of car leases, 90% of cars sold in leases, so the interest cost of the _ sold in leases, so the interest cost of the bank— sold in leases, so the interest cost of the bank of england is creating is running — of the bank of england is creating is running straight through into our cost of— is running straight through into our cost of living and it is through businesses, they are passing on costsi _ businesses, they are passing on costs. the — businesses, they are passing on costs, the cost of interest rate rises _ costs, the cost of interest rate rises much _ costs, the cost of interest rate rises much bigger to many companies than the _ rises much bigger to many companies than the cost of which rice is present— than the cost of which rice is present and where we hear economy saying _ present and where we hear economy saying we _ present and where we hear economy saying we have no choices, a wage set price _ saying we have no choices, a wage set price spiral, there is no evidence _ set price spiral, there is no evidence of that we are no wages behind _ evidence of that we are no wages behind inflation, except in finance and banking where they are ahead, but everywhere else they are behind, and instead _ but everywhere else they are behind, and instead what we've got this and interest— and instead what we've got this and interest price spiral, interest rates — interest price spiral, interest rates are _ interest price spiral, interest rates are rightly forcing up prices. the bank— rates are rightly forcing up prices. the bank of england is carrying the very problem they are trying to solve _
different income streams coming in it really is_ different income streams coming in it really is going _ different income streams coming in it really is going to _ different income streams coming in it really is going to be _ different income streams coming in it really is going to be difficult. - it really is going to be difficult. pubs_ it really is going to be difficult. pubs are — it really is going to be difficult. pubs are under— it really is going to be difficult. pubs are under a _ it really is going to be difficult. pubs are under a lot— it really is going to be difficult. pubs are under a lot of- it really is going to be difficult. i pubs are under a lot of pressure it really is going to be difficult. - pubs are under a lot of pressure at the moment — pubs are under a lot of pressure at the moment. we've _ pubs are under a lot of pressure at the moment. we've had _ pubs are under a lot of pressure at the moment. we've had a - pubs are under a lot of pressure at the moment. we've had a 39% - pubs are under a lot of pressure at- the moment. we've had a 39% increase in our— the moment. we've had a 39% increase in our operating — the moment. we've had a 39% increase in our operating overheads _ the moment. we've had a 39% increase in our operating overheads in— the moment. we've had a 39% increase in our operating overheads in the - in our operating overheads in the first 11_ in our operating overheads in the first 11 months— in our operating overheads in the first 11 months of— in our operating overheads in the first 11 months of this _ in our operating overheads in the first 11 months of this year. - in our operating overheads in the first 11 months of this year. and i in our operating overheads in the l first 11 months of this year. and we are yet— first 11 months of this year. and we are yet to — first 11 months of this year. and we are yet to be — first 11 months of this year. and we are yet to be had _ first 11 months of this year. and we are yet to be had by— first 11 months of this year. and we are yet to be had by the _ first 11 months of this year. and we are yet to be had by the depth - first 11 months of this year. and we are yet to be had by the depth of. are yet to be had by the depth of winter _ are yet to be had by the depth of winter 50— are yet to be had by the depth of winter so i— are yet to be had by the depth of winter. so i do— are yet to be had by the depth of winter. so i do feel— are yet to be had by the depth of winter. so i do feel very- are yet to be had by the depth of winter. so i do feel very sorry . are yet to be had by the depth ofi winter. so i do feel very sorry for people — winter. so i do feel very sorry for --eole. ., . ., . . people. how much of that increase can ou people. how much of that increase can you pass _ people. how much of that increase can you pass on — people. how much of that increase can you pass on to _ people. how much of that increase can you pass on to your— people. how much of that increase l can you pass on to your customers? people. how much of that increase i can you pass on to your customers? i don't think we can. it's our duty as a pub— don't think we can. it's our duty as a pub to _ don't think we can. it's our duty as a pub to give — don't think we can. it's our duty as a pub to give people _ don't think we can. it's our duty as a pub to give people that - don't think we can. it's our duty as a pub to give people that respite l a pub to give people that respite from _ a pub to give people that respite from the — a pub to give people that respite from the cost _ a pub to give people that respite from the cost of _ a pub to give people that respite from the cost of living _ a pub to give people that respite from the cost of living crisis. - a pub to give people that respite from the cost of living crisis. i. from the cost of living crisis. i was _ from the cost of living crisis. i was 39%— from the cost of living crisis. i was 39% increase _ from the cost of living crisis. i was 39% increase in _ from the cost of living crisis. ii was 39% increase in operating from the cost of living crisis. i- was 39% increase in operating costs does not _ was 39% increase in operating costs does not actually _ was 39% increase in operating costs does not actually reflect _ was 39% increase in operating costs does not actually reflect or - was 39% increase in operating costs does not actually reflect or include. does not actually reflect or include the cost _ does not actually reflect or include the cost of — does not actually reflect or include the cost of products _ does not actually reflect or include the cost of products so _ does not actually reflect or include the cost of products so i— does not actually reflect or include the cost of products so i am - does not actually reflect or include the cost of products so i am just . the cost of products so i am just talking _ the cost of products so i am just talking about _ the cost of products so i am just talking about things _ the cost of products so i am just talking about things like - the cost of products so i am just talking about things like our- the cost of products so i am just i talking about things like our other overheads— talking about things like our other overheads like _ talking about things like our other overheads like wage _ talking about things like our other overheads like wage costs. - talking about things like our other overheads like wage costs. so - talking about things like our other overheads like wage costs. so if l talking about things like our other. overheads like wage costs. so if we were _ overheads like wage costs. so if we were to _ overheads like wage costs. so if we were to reflect _ overheads like wage costs. so if we were to reflect the _ overheads like wage costs. so if we were to reflect the increased - overheads like wage costs. so if we were to reflect the increased costsi were to reflect the increased costs must _ were to reflect the increased costs must pubs — were to reflect the increased costs most pubs would _ were to reflect the increased costs most pubs would be _ were to reflect the increased costs most pubs would be charging - were to reflect the increased costs most pubs would be charging nine| were to reflect the increased costs . most pubs would be charging nine or £10 per— most pubs would be charging nine or £10 per bite — most pubs would be charging nine or £10 per bite or— most pubs would be charging nine or £10 per bite or £2530 _ most pubs would be charging nine or £10 per bite or £2530 for— most pubs would be charging nine or £10 per bite or £2530 for every - £10 per bite or £2530 for every single — £10 per bite or £2530 for every single mairi— £10 per bite or £2530 for every
global products, plastics, etc, they are global products, plastics, the etc, they are global products, plastics, the etc, �*any are in in the dollar, so any drop in the pound directly in the dollar, so any drop in the costsi directly over in the dollar, so any drop in the lastsi directly over in the dollar, so any drop in the last 20 iirectly over in the dollar, so any drop in the last 20 years/ over in the dollar, so any drop in the last 20 years we over in the dollar, so any drop in the last 20 years we have )ver in the dollar, so any drop in the last 20 years we have been running, our the last 20 years we have been rur our , our �* products =:- remains close to histerjclews. a trading where credibility of britain's the credibility of britain's finances is up for question. i have never seen a budget move the pound like this in my entire career. essentially with interest rates rising in the uk, it's more expensive to fund the deficit, which keeps getting wider, especially with the announcements we had in the budget. the only way out of this doom loop, we have to tame inflation and get interest rates back down.-