What’s piqued my interest this week?
This week that bulwark of British strength Theresa May advised us all we should start prepping for a “no-deal” Brexit, just as the Government had by stockpiling food and medication. We should “take comfort” in the Government’s actions (1). “It’s right to prepare for all eventualities” (2). Unfortunately the actual understanding of how they’re going to do this is lacking (3). Currently the EU supplies 31% of the UK’s food, and Brexit will have huge implications across the supply chain (4, 5).
This led to lots of media outlets running pieces on ‘what to stockpile’. The Guardian recommended olive oil, pasta, pepper, rice, spices (6). The BBC warned of the threat to our sandwiches (7). Heavens! Anything but the sandwiches! Even The New Scientist got in on the act (8). Plenty of organisations are piling on the warning bandwagon. The UK dairy industry has warned that butter, yoghurt and cheese will be occaisional luxuries (9).
My solution to this problem is to gradually move my consumption to more local suppliers. Coming from a farming family I’ve always tried to support UK growers. For at least the past few years I’ve only bought UK grown seasonal veg, and cooked based on what is in season. Very middle class yes, but healthier, more varied, and often cheaper. This year I’ve tried to take this further, using a local butcher and market garden co-operative (feel free to roll your eyes) delivery. It appears I’m not alone. We all saw Blue Planet 2, the anti-plastic movement gains traction, and people are finding ways of reducing their packaging usage. One of these ways is going back to the local milkman with his bottles. Milkmen are seeing a surge in demand throughout the country (10). Fresh local milk served in retro glass bottles delivered by an electric van does sound pretty ‘now’. Expansion has not been without it’s problems for the national Milk&More, but these appear to be teething problems (11). The traditional local trader milkmen are doing better (12). We’ve come full circle with convenient deliveries from local producers. Everything old is new again.
Have a great weekend,
- UK wind power capacity to double by 2030 (13)
- Rise in valuations of property below the sale price (14)
- The FCA proposed a ‘basic savings rate’ to increase returns for savers (15)
- Which the Telegraph thinks banks will be unhappy about (16)
- The FCA also finds that thousands of borrowers are falling into arrears within six months of taking out their mortgage, suggesting they were unsuitable (17)
- New retail REIT offers 4.5% per annum (18)
- Pensions growth outstrips wage growth (19)
- The BBC picks up on the rush to mine cobalt (20)
- The little matter of whether this week will see a BOE base rate rise (21)
- How does the UK heatwave compare to ’76 (22)
- UK household debt worse than ever (23)
- Millions of families worse off than 15 years ago – Kamal Ahmed – BBC (24)
- Monevator updated it’s broker comparison (25)
- The frugal cottage with a common consideration, what would you do if you won the lottery? (26)
- And updates on their progress (27)
- From Msziyou – a new way to identify – a xennial (28)
- TEA – the art of wealth preservation (29)
- RIT models some fascinating drawdown projections (30)
- UKValueInvestor – five ways to measure your investment performance (31)
- TI tries to make sense of the Lifetime ISA (32)
- As does YFG (33)
- Who also talked this week about the earners and the entitled (34)
What I’m reading:
Eric by Terry Pratchett – light relief
Religio Medici by Sir Thomas Browne – the theological and psychological reflections of a C17th doctor
Enchiridion by Epictetus – Bedside reading for a bad day