The pace at which prices of essential foodstuffs are rising has reached unprecedented levels as demand continues to outstrip supply.
Having emerged from the Pandemic, no one in authority had any idea just how seismic the effect on supply chains would be.
It was obvious that during the Pandemic there would be severe difficulties, but there has been a perfect storm of events that have left the UK weak and open to a downturn that could see a bona fide recession that will see the Central Bank’s hands tied as inflation continues to rise.
No one, outside a few Government departments, will have been aware of the incredible reliance that has grown on the supply of several staples produced by Ukraine, while Russia has been slowly building a reliance on its energy supplies almost under the radar.
There have been concerns raised about how Russia has been playing the long game, building its influence across Europe. The build-up of troops along its border with Ukraine was dismissed as little more than a show of strength, until it advanced into its former satellite a little over four months ago.
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