Treasury gamble on households using savings to survive cost of living crisis

33 comments
  1. Sooo if you’ve spent years saving trying (perhaps in vain) to afford a deposit on a house then fuuuuuuuuck you.

  2. The savings will run out because this crisis is simply not ever going to be addressed by the government. This, however, is the point, because it makes the in-group even smaller.

    The British people are just going to take this lying down though.

  3. So a massive fuck you to people wanting a house. Or wanting to go on a nice holiday. Or wanting to get a new car. Or just anything really.

    Fucking Tories.

  4. LOL! SAVINGS!

    Nearly everyone I know lives pay day to pay day. You turned us in to consumers and we’ve consumed and now you’re like “Ooo, we have some bad news. We’re rich and will be fine but you, the essential people that propped up the economy during a pandemic and we thanked you for it by clapping, will now need to live in tents and eat from food banks to survive. Enjoy!”

  5. Lol savings!? What are they? I graduated from uni 4 years ago and I have exactly £0 savings thanks to souring rent, food and energy prices. 🙃

  6. Rather than dip into savings I’ve cut every unnecessary expense. TV licence and streaming services, cabled broadband (only use phone), takeaways and eating out, commuter travel (walk/cycle instead), holidays, the random cups of coffee and other mindless treats and snacks. I haven’t turned heating on once this winter, and I’ve reduced my electric consumption to its lowest ever level.

    Now, if everyone does that we’ll destroy the economy in no time. That’s why government must intervene.

  7. So basically orcastrating a massive recession as ppl can’t spend what they dont have. Businesses will close, followed by mass unemployment.

  8. Slimy little bastard brought a lot of misery to a lot of people fuck him and the rest of his party and the fucking idiots that support them

  9. Those most acutely affected by the cost of living crisis simply exist day-to-day and very much hand-to-mouth. Sunak fails to comprehend this in the slightest.

  10. I can’t understand how he can sit there and be so blind (or ignorant) to the fact the people worst off just don’t have savings, and it’s those people who are and will suffer the most. It’s horrible someone could just sit there and let it happen.

  11. Basically ‘welfare reform’ more generally applied…

    Most people have been voting for this ideology since 2015, and most people are now also the victims of it. It was a long time coming frankly.

  12. The cunt asked everyone to spend the money saved during lock down on eat out to help out, so I don’t know what he thinks is going on.
    I fuck all savings, so not sure what he expects me to do.

  13. That’s just plain dumb. I guess Sunak lost all incentive to try to save his (and his Party’s) reputation when it became obvious that he won’t be Prime Minister.

  14. I haven’t heard anyone suggest that costs are going to go down for at least a few years, at which point forecasts are not going to be accurate. Savings arent self renewing and if this is the new normal then people will just be left to struggle.

  15. Most people struggle to save at all, and when they do often find themselves dipping into it for different things so it can take months if not years to build. And the plan is often to do something you might only have one chance to, travel for example, volunteer abroad, take up a learning course to better yourself. The Tories are stealing opportunity from people on a daily basis.

  16. tories when a big business ‘struggles’: ohh no you poor thing, heres billions of taxpayer monies.. dont worry about paying it back we have loads!

    tories when millions of people will enter poverty and die through a combination of exposure and starvation: lets just pretend everyone has savings to live off after weve already drained them during our time in office.

  17. Tories are trying to ruin the country so the next party has a clusterfuck to deal with so they can say afterwards it was better under them

  18. You will own nothing, and you will be happy.

    Using up people’s savings is a great way to financially disempower them.

  19. I have no doubt that come the next general election they’ll be voted in again. No matter what they do, the majority of people do not care enough, they’d rather vote for the party doing the actual harm than anyone else.

    We’re under the thumb of Rupert Murdoch, the Tory propaganda machine and these neverending, pacifying laws they keep pushing through unchallenged. All the while they skim off everything they can and sell away every degree of social security (NHS, now safe and affordable housing) we’ve had in place since the end of WWII

    The UK is a rapidly sinking ship.

  20. Is it true? Is it because people got free money and were driving inflation up so economy got hot and they try to cool things down by making sure price cap went up to 60% in one year and raising taxes and interest rate?

  21. nobody has the balls to revolt, if everyone stuck together and said no this charade would end in a day .. we are only ruled by our own concent ..

  22. I suspect most people don’t have much savings and those that do would burn through it so fast it’s meaningless and we’re all back to square one

  23. Savings? In this country? With the cost of rent and everything else? With precarious jobs and the gig economy? Are you kidding me? How out of touch are these imbeciles?

    There are literally smart and capable people entering their third or fourth decade or life who are trapped in a cycle of temporary, low-paid jobs or unemployment.

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