Soldato
Things just keep getting worse, rent just been put up £70 a month, which I can just about wangle but any further increases and I'm out. Problem is there's nothing cheaper in the area.
I don't think much of the country will burn though.
This is what the Bank of England has just said regarding interest rates:
https://www.bloomberg.com/news/arti...holds-can-withstand-rates-of-up-to-5-boe-says
Basically, UK households can withstand interest rates of up to 5%. I agree with them. It is only irresponsible people who would struggle at anything less, and those are the ones who will end up with repossession, just like in past times.
Getting inflation under control is the single biggest most important thing the government and Bank Of England must do over the coming 24 months.
The UK is not self-sufficient and the inflation we are seeing is imported inflation. We are not the likes of Russia who is self-sufficient as they have everything they need to run a successful economy, those being mass energy supply and food.
Watch what happens in the US over the coming months as they dictate the direction of things to go. If the US Fed continue to increase interest rates, you can be sure that the rest of the west follows suit, unless you want to end up like Venezuela.
Yes you have to have a certain level of wealth to be able to afford solar. So, wealthier people can save more money than poorer people on their bills, what a surprise...I wish we could all have solar! One day perhaps.
Also to really have an efficient setup aswell costs quite a lot, batter proper amount of panels, power efficient products in the house etc, all these things are quite expensive but if you can afford it all it can be amazing.Yes you have to have a certain level of wealth to be able to afford solar. So, wealthier people can save more money than poorer people on their bills, what a surprise...
Anyone with sense will have locked themselves in to a low fixed rate for 5-10 years.This is what the Bank of England has just said regarding interest rates:
https://www.bloomberg.com/news/arti...holds-can-withstand-rates-of-up-to-5-boe-says
Basically, UK households can withstand interest rates of up to 5%. I agree with them. It is only irresponsible people who would struggle at anything less, and those are the ones who will end up with repossession, just like in past times.
lolWe've been in a blame culture for years now where some people won't accept any responsibility whatsoever for their own poor decision making and actions.
There isn't a "cost of living crisis" amongst sensible people who have been putting something away each month/year for a rainy day that was always going to come.
Quite frankly, if someone is too stupid enough to plan for the future and thinks that everything is free for their benefit, I have no words.
We've been in a blame culture for years now where some people won't accept any responsibility whatsoever for their own poor decision making and actions.
There isn't a "cost of living crisis" amongst sensible people who have been putting something away each month/year for a rainy day that was always going to come.
Quite frankly, if someone is too stupid enough to plan for the future and thinks that everything is free for their benefit, I have no words.
Wow. Just wow...
How does a working family in rented accomodation on minimum wage or even a bit more than minimum wage 'plan for the future'?
Not even just working familys, any individual on minimum or even average and above wages is struggling, this includes people who are responsible about keeping low debt among other things and manage their finances well. This is hitting everyone and the dude is just blaming those struggling while saying theres blame culture lmao. Ironic as hell.Wow. Just wow...
How does a working family in rented accomodation on minimum wage or even a bit more than minimum wage 'plan for the future'?
Additional jobs. Currently, we've been told that there are significant and serious worker shortages, probably because people are too bone idle to want to work and just want everything to fall into their laps.How does a working family in rented accomodation on minimum wage or even a bit more than minimum wage 'plan for the future'?
Indeed, for a lot of people, and myself previously, if your cooker or washing machine breaks down, thats a major financial crisis for the houshold and would wipe out any meager savings you may have made.
Some people just have no idea what it's like to struggle financially, despite having a full time job.
We've been in a blame culture for years now where some people won't accept any responsibility whatsoever for their own poor decision making and actions.
There isn't a "cost of living crisis" amongst sensible people who have been putting something away each month/year for a rainy day that was always going to come.
Quite frankly, if someone is too stupid enough to plan for the future and thinks that everything is free for their benefit, I have no words.
Please take your medsAnd also to add, we've been told that we have high employment levels and huge worker shortages, so an easy solution for someone struggling would be to take that second job. Of course, a lazy entitled layabout would much rather blame other people for their misfortunes and whinge on the internet that life isn't fair.