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onlyme2

More Families 'feeling The Squeeze'

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Got to laugh at the last comment. They are absolutely instrumental in ramming such inflation down the population's throats.

http://www.standard.co.uk/panewsfeeds/more-families-feeling-the-squeeze-8723545.html

Which? found that one-third of households (34%), equating to nine million families across the UK, are feeling under financial pressure, up from an estimated 7.5 million households last July..

....

Which? said that rises to costs such as food prices and energy bills mean that people are relying more on credit to get by, with an estimated 6.1 million households dipping into their savings each month on average over the last year to get by.

....

"The Government must do more to keep spiralling housing, food and energy prices in check."

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Got to laugh at the last comment. They are absolutely instrumental in ramming such inflation down the population's throats.

http://www.standard.co.uk/panewsfeeds/more-families-feeling-the-squeeze-8723545.html

Which? found that one-third of households (34%), equating to nine million families across the UK, are feeling under financial pressure, up from an estimated 7.5 million households last July..

....

Which? said that rises to costs such as food prices and energy bills mean that people are relying more on credit to get by, with an estimated 6.1 million households dipping into their savings each month on average over the last year to get by.

....

"The Government must do more to keep spiralling housing, food and energy prices in check."

Which? said that rises to costs such as food prices and energy bills mean that people are relying more on credit to get by, with an estimated 6.1 million households dipping into their savings each month on average over the last year to get by.

Just wait until the winter when the energy bills shoot up, more is eaten in the winter and less of the home grown food about......it would be madness to borrow money for food, fuel or rent.......if money is tight this month, debt to pay bills will only exasperate the problem the following month so it goes on.....and what savings, there is only debt left when savings have gone. ;)

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Over the weekend even the Chief Executive of Tesco's was dropping hints about more of a financial squeeze.

Over the weekend the Chief Executive of Tesco made the following statement in an interview with the Observer newspaper. The emphasis is mine.

Because of growing global demand, it is going to change. There’s going to be more demand and more pressure. Over the long term I think food prices and peoples’ proportion of income may well be going up but we’ll be doing our bit. Unless more food is produced prices must go up. It’s the basic law of supply and demand.

This was something of a change for Phillip Clarke who had previously denied any such thing,publicly at least. Also at a time when wages are falling in real terms it poses quite a few questions about the household budget and indeed wealth and income. After all one of the basic ways of measuring such factors is to use a basic commodity like food.

http://www.mindfulmoney.co.uk/wp/shaun-richards/is-the-era-of-cheap-food-really-over-or-is-it-the-era-of-the-supermarket-that-is-over/

It looks as though this is one of the ways that "financial repression" will be forced on us...

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"The Government must do more to keep spiralling housing, food and energy prices in check."

If only there was an institution charged with keeping inflation under control and which was answerable to the government. The government could even set it an inflation target which it was supposed to aim for.

Then imagine we had insightful journalists who could mention the name of this institution in articles complaining about high inflation.

Edited by Dorkins

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If only there was an institution charged with keeping inflation under control and which was answerable to the government. The government could even set it an inflation target which it was supposed to aim for.

Then imagine we had insightful journalists who could mention the name of this institution in articles complaining about high inflation.

I didn't think regulators regulated....none seemed to have done, so far. ;)

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My family is feeling the squeeze, a squeeze on our living space as the children grow. You have to move to increasingly downmarket areas every 5 years if you want to see any improvement in living conditions.

#propertysnake

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If only there was an institution charged with keeping inflation under control and which was answerable to the government. The government could even set it an inflation target which it was supposed to aim for.

Then imagine we had insightful journalists who could mention the name of this institution in articles complaining about high inflation.

British journalism is incomparably the worst in the world. It's not as if the douches can claim to be pissed every day either, as was once the case.

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It's OK, the government's Help2Buy scheme will simply be extended to household bills. Anything to avoid the terrible ghastly wage inflation.

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  • 242 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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