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Feeling today's economic climate
Former Member
Posts: 1,876,323 The Mix Honorary Guru
Lots of speculation Britain is heading for an economic downturn. People don't feel as secure about their jobs, prices are rising and the global credit crunch has bitten into the economy.
Recently I noticed how much the cost of grocery has risen in supermarkets. Gas bills seem to keep rising! Banks have tightened mortgage lending and facilities like credit are not as forthcoming. Don't know about others, the squeeze is biting into personal finances.
Is the economic situation affecting your spending habits, and decisions about home and jobs?
And share the speculation amongst some political circles that the economy is going down.
Recently I noticed how much the cost of grocery has risen in supermarkets. Gas bills seem to keep rising! Banks have tightened mortgage lending and facilities like credit are not as forthcoming. Don't know about others, the squeeze is biting into personal finances.
Is the economic situation affecting your spending habits, and decisions about home and jobs?
And share the speculation amongst some political circles that the economy is going down.
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Comments
I work on a holiday park, and I'm absolutely certain that we're making less money than we were last year. There's quite a lot of people on the park, but they simply aren't spending their money in the arcade. This year, I also notice that most of our tourists live nearer to the park than ever - we used to have loads of Scottish and Irish visitors, along with quite a few Americans. Now, we've got far fewer of the first two groups and none of the third. Perhaps the rising cost of travel is something these people have got in mind?
Even at Asda, where I hate to shop, but have to at the moment. :banghead:
Our bills in the old place came in at around £150-200 each (gas and leccy), for every two months. Fair enough, one cannot complain... But we hardly use it.
I don't consume a lot anyway. I eat a vegan diet, which in general is cheaper. However, even that is getting too pricey... I mean I'm on £6.50 per hour ffs, in London. It's hard to find a better job in my area, even with my experience.
My brother can't find a job in Manchester.
Hasn't London been losing tourists?
Anyone noticed this for weddings?
However, most debt collecting companies are hiring! :thumb:
Iceland however got hit pretty bad as our overpriced currency crashed last Easter. It seems like most other countries are handling the credit crunch a lot better.
Gas - £45/quarter (same)
Internet - £25/month (same)
Council tax - £68/month (up from £65)
Phone - £45/month (up from £40)
Food - £35/week (up from £30)
Mortgage - £368/month (up from £314)
And of course, I'm still on a 2005 wage. £14.75k.
You pay £25 internet a month?
I pay £25 a month for mine too.
We are a petrol driven economy. Not helping across Eastern Europe is the stronger Euro: last year the exchange rate was pushing 1.47 Euro to the £ Sterling, so British people were getting good value for their holiday spending. Not so, now.
I would say that though prices in the UK have shot up (so I am told), it is far cheaper now this year than on Kalymnos where everything has to be shipped in from Athens or, other countries. For example, on goods such as CD players, radios, air conditioners, hair dryers, CARS - all nearly double in price compaired to the UK and they were well known, popular brands.
Poppi
I haven't bought a loaf in ages, make your own at home, they taste much better and dont come with 20g of salt in them.
Do you use a bread maker? If so, how much hassle is it?
Piece of piss.
If I had the room I would have another one. My girlfriend makes Polish bread from scratch. Quite easy too.
Yes, and its really easy, putting the ingredients in takes all of about 4 or 5 minutes then the machine does all the work.
Well along with the rising demand you've also got an increase of properties on the market as people who can't sell rent out homes instead.
There is an acute shortage of affordable housing.
Theres an acute shgortage of housing full stop.
Whether the UK would actually go into recession is unclear at the moment. I'm not an economist so I'm no expert on this. It's possible that there might be a soft landing and only economic growth quite below the trend (,i.e. 2.5%).
The Bank of England could lower interest rates but inflation is already high and over its stated inflation target, so that option is risky. I personally wouldn't agree with a fiscal stimulus like Bush had in the USA, since I don't like Keynesianism. I personally think that such a thing is silly, since it's like moving water from the deep end of a pool to the shallow end and then expecting the whole water level in the pool to rise.
I also blame Brown for this economic downturn since under him economic growth was based on consumption and not saving. In economics, saving means putting away money now in order to achieve a return on it in the future.
a lot more than tugging a 60p load of wholewheat off of the shelf
:eek: christ - where on earth are you finding bread at that price?
You live in London and that's all you spend on food and drink a week? Guess there is hope for doing London cheap!
My daughter buys that shit.
I'd rather eat toilet roll.
I thought you go out a lot? Do you not drink when you go out? Just wondering how you are out so much without spending anything...
I am also curious how you only spend £20 a week on food etc. Is this just for food you eat at home - hence not factoring in eating out on an evening etc? If you're eating out, I can certainly see how that would help bring your shopping bill down.
I'd imagine so, seeing a he's mentioned on several occassions about going out for meals/dates/etc.