Jeremy Hunt has been likened to useless comedy character Mr Bean after he made a video explaining inflation with coffee cups in the Treasury canteen.
As data showed prices up 10.5 per cent, the Chancellor released the film in which he orders a flat white and sits with mugs labeled Covid, Ukraine and Energy, declaring: “The pound in yours Bag is worth less than it used to be.
“People who transport the coffee beans across the oceans have to pay more for their fuel.
“People who need to transport the coffee beans within the UK have to pay more and as a result they have to increase the price of a cup of coffee or they lose money.”
The chancellor – who was appointed in October by former PM Liz Truss after her disastrous mini-budget to cut taxes – then promises to “halve inflation this year”.
Critics were quick to suggest that the government’s top bean counter had forgotten to bring mugs labeled Truss, Johnson and Brexit.
“Patronizing and really, really lame,” Sarah Copeland tweeted. “It’s awful, like a failed teacher’s attempt at visual aids.”
Alex Duce posted: “This is like something out of playschool.” Andy Taylor wrote: “Hi can I have a flattening economy please?”
Opponents accused Mr Hunt of ignoring the government’s role in rising prices – and crediting the declines that were predicted anyway.
Lib Dem Sarah Olney called it “a Mr. Bean-esque video from the clueless party that crashed the economy and skyrocketed mortgage bills.”
A Labor source told the BBC: “The ‘Not me guv’ explainer overlooks the fundamental fact that 13 years of Tory failure have left the British public so vulnerable to economic shocks and the energy crisis.”
But the video got 500 likes and was retweeted by conservative backbenchers including Robert Largan. “A good quick explainer video,” he insisted.
Annual inflation – which peaked at 11.1 percent in October – fell again from November’s 10.7 percent, on the back of falling fuel prices and slower increases in clothing and footwear prices. But groceries rose again by 16.8 percent, with bread up 20.5 percent and milk up 38.5 percent in one year – the biggest increase since 1977.
Forecasts of seven percent interest have not come true. However, economists expect the Bank of England to raise interest rates again next month to four percent.
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https://metro.co.uk/2023/01/19/jeremy-hunt-likened-to-mr-bean-for-patronising-inflation-explainer-18126358/ Jeremy Hunt compared Mr. Bean for "patronizing" the inflation explainer.