Sam Unstead

speaker

276 appearances 2 recordings 1 series first heard May 2026 last heard 5 Jun

Sam Unstead’s voice in public audio — every appearance, attributed to the second.

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recordings per month · last 12 months

Recordings per month over the last 12 months — 2 in all, peaking in Jun 2026 with 1.

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Merryn Talks Money · Price Controls, Britain's Struggling Jobs Market, and the SpaceX IPO · 22 May 2026 podcast

And they don't have this big increase in labor costs.

Tesco is the biggest, one of, if not the biggest private sector employer in the country.

So huge increase in labor costs for them.

There is only so much that they can keep those prices under control, but they do.

And within the food price inflation, even when we have the spike in 2023,

coming out of that spike again they compete with each other really hard and food prices probably come down a little bit faster than they otherwise would because the competitiveness is so high so yeah you're mentioning that you and i both have sort of complained about this a little bit independently um over the over the course of the week you know if we were to continue doing that i think our voices would get louder and more because it's such a sort of unworkable policy yeah

Where I have a little bit of sympathy with the government is that their job is incredibly difficult because the external supply shock that you're seeing is so significant and so completely out of their control.

And that's then coupled as well with a global shift in bond yields.

We've written a lot about guilt yields over the course of the last couple of weeks.

You mentioned at the start that guilt yields have actually come down a bit over the course of this week.

Yeah.

But a lot of that is influenced by things that are completely out of the control of the UK because we're an importing economy, because we don't have control over a lot of these areas of production.

And so it is very hard, in fairness to them, to come up with anything to do.

Again, we had today Rachel Reeves laying out a set of cost of living measures, and they're not needle movers.

You know, they're not going to change things very much because there really isn't an enormous amount that can be done.

And what probably is needed, again, if maybe going to be a bit tougher, is that it's a bit more innovative thinking on how they could potentially support households.

But the fact is, you have an energy supply shop the like you're having now.

There's not a huge amount that they can do.

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