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Bank Economist Warns of ‘Food Price Riots in the UK’
Posted By kurtnimmo On March 9, 2011 @ 6:37 am In Economic Crisis,Tile | Comments Disabled
March 9, 2011
A senior economist at the worldwide bank HSBC has warned of civil unrest in Britain if food prices continue to soar.
Speaking on Jeff Randall Live, senior global economist Karen Ward cautioned that the UK could experience the kind of food riots seen in other countries.
“Even in the developed world I think we have very, very low wage growth, so people aren’t getting more in their pay packet to compensate them for food and energy, and I think we could see social unrest certainly in parts of the developed world and the UK as well.”
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