It is particularly tough for vegetable and soft fruit growers whose crops are suffering. This will inevitably lead to fresh food shortages and a spike in costs along with energy, putting further pressure on the cost of living.
We should however be grateful that in the UK such conditions are unusual. We can be certain the rain will arrive to replenish rivers, reservoirs, and storage facilities.
Looking across the world, there are countries which have had no rain for years, including Afghanistan, the horn of Africa, and parts of Serbia, Ukraine, and Moldova. Areas of eastern Europe are also far worse off than us.
However, looking to the future, it is vital that water companies raise red flags when land is earmarked for house building, where it is clear there are inadequate water resources. Instead of covering green field sites with more houses. Now is the time to plan with government support, new reservoirs.
As Peter learnt to his cost - he who shouts ‘wolf’ once too often, risks not being taken seriously when real danger comes.
The Governor of the Bank of England, Andrew Bailey, is by all accounts probably due to his previous vocation in journalism, ‘addicted to melodrama and likes to hit the headlines’.
As Liz Truss said, “We are in danger of talking ourselves into a recession with so much talk of doom and gloom”.
Many financial commentators agree it is time to review the Bank of England’s mandate to “nominate GDP targeting”. The old model having reached the end of the road.
Mr Bailey’s gloomy predictions of sky rocketing inflation are considered unhelpful and fundamentally wrong. Some economists predict zero inflation within 12 months, considering “Industrial and agricultural commodities are already 30pc off their peak, oil is down, and global liquidity is being withdrawn”.
The drip feed of negative reporting on Brexit Britain coming from the US, is fueled by President Biden’s dislike of the UK along with his Left-wing friends in California. In contrast many US businesses view Global Britain increasingly as an attractive place to do business, now we are free from the constraints of the European Union.
Amongst an increasing number of US business leaders heading for London, is Adam Mosseri the head of Instagram, a subsidiary of Meta. The UK is now attracting American entrepreneurs who want to succeed in ‘a safe, vibrant environment that advances free market thinking while rejecting the siren call of socialism’.
The British are stoic, resilient, hardworking and resourceful. Contrary to what the BBC, Remainers, left wing unionists and London liberal elite say as they exaggerate financial difficulties and bash the Government, Boris in particular, as they predict doom and gloom.
The rain will come, the workforce will get back to work and we will not starve or run out of water.