I can't believe those figures for a minute regarding 25% of the population have less than £100 in savings.
The pubs are busy, folks buying new cars,
theaters sold out, shopping trolleys full.
We went out for Sunday lunch last week and had to queue for 30 mins for a table.
Poor UK my foot.
I think there’s a lag with things like energy prices and even mortgage rates hitting people, including those who live hand to mouth.
In the next year or two when fixed rates on energy deals end, millions more people will feel the pinch.
And I read somewhere that over a million fixed rate mortgages will be up for renewal in 2023. People will surely feel the pinch there too.
All a lot of people have really had to contend with til now is an extra £50 a week on the food shop, and nearly £2 a litre at the pumps.
At the moment I think we’re in a kind of phoney war period. Give it 12-18 months and I reckon it’ll be carnage.
Energy prices will plummet though based on current price per therm (gas) which is 92% down vs 7 weeks ago.
Usual media hyping things up
Maybe they are the same case for everyone else you saw, too
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Agree...there must still be a sizeable proportion of people that are shielded from the economic problems at the moment. If you are still on a fixed rate mortgage and fixed your energy prices, you are shielded from most of the inflationary problems and probably just see your food bill has gone up a bit. I'd assume many people are in this situation, hoping that they can ride through and come out of the other side relatively unscathed. So it's probably only those that live hand-to-mouth that immediately feel the effects which is why we still see full restaurants and lots of money still being spent.
I think there is a lot of denial about poverty in the uk, a bit like global warming. If it’s not affecting people or there friends it doesn’t exist. The knock on effect of price rises is hitting the poor badly. My other half is a nurse that deals with mental health in the community, we’re giving away meals every week so some of her folk actually eat as they don’t have the money to live. Don’t get me started on the money we’re spending on asylum seekers and hotels, while we’ve homeless veterans on the streets.
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True. I think it’s easy to get a skewed view of you have no direct contact of the 17% on the poverty line. If you live in a more affluent area, everyone can appear pretty flush for cash. I saw this analogy on twitter…
We're not all in the same boat. We're all in the same storm. Some of us are clinging to driftwood. Some have lifebelts. Some are in small boats. Some are in luxury ocean cruisers. Not everyone is drowning. There should at least be lifebelts for everyone.
Me and the missus having lunch in a busy Turkish restaurant in Kingston right now. Things seem fine down here.
Do we need someone to post a photo of them sharing a single pot noodle with their family as well to provide balance? Lidl carrier bag on display on the chair etc.
^ Yeah, but that's the leafy suburbs on the South Side!
P.S. Is that an LV holdall I spy under that there table ?!
So many on this forum are clueless to the reality of what is happening here and globally.
Food banks exceed McDonalds outlets, energy prices are extortionate for many, especially businesses, food prices are rising steeply, interest rates are crippling everyone, directly or indirectly, and winter hasn’t even arrived!
Last edited by Chris_in_the_UK; 10th November 2022 at 21:37.
When you look long into an abyss, the abyss looks long into you.........