In the UK the percentage of our individual income that we spend on food has never been smaller, the percentage we spend on leisure has never been higher. One reason for this is that food prices are (in historic terms) at an all time low (I know it doesn't seem like that when we pay the grocery bill) and the big reason is that the supermarkets put the squeeze on the supply chain. The only responses that the farmers have are to employ fewer people, pay less and go all out for production. As an example 20 years ago I could earn £50 a day hand-picking sprouts, today you might be lucky and earn the same!

But... we all like our leisure spending, all my instruments are but one aspect of this. Are we collectively going to pay more for food and spend less on ourselves?

All the best

Steve