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Warning Of ‘Food Price Riots In The UK’

March 9, 2011 Comments off

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.”

She went on to highlight the link between high food prices and the escalating cost of crude oil.

“More and more we are seeing that some of these foodstuffs are actually substitutes for energy itself, particularly biofuels. So I think the energy markets are a significant contributor to these food price gains.”

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Amos 8:11 Hear this! The days are coming— [this is] the declaration of the Lord GOD — when I will send a famine through the land: not a famine of bread or a thirst for water, but of hearing the words of the LORD.

Matthew 24:7 For nation will rise up against nation, and kingdom against kingdom. There will be famines and earthquakes in various places.

Mark 13:8 For nation will rise up against nation, and kingdom against kingdom. There will be earthquakes in various places, and famines. These are the beginning of birth pains.

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