At this point, part of me does think “fuck it, let it burn so we can rebuild”. I’m so sick of trying to wake people up, trying to talk to the angry and uninformed in this sub and country.
And the pathetic fearmongering by shitholes like the Guardian to push their pro-Labour bollocks.
“Retail sales fell for a third month in June and retailers predicted another tough month in July.”
Oh you mean how sales ROSE 1.4% in April, after falling 1.2% in March. But apparently a rise in April followed by a fall in May, plus a predicted June fall is 3 months in a row.
Because those who truly keep the economy going have no more money to spend on anything but essentials, with many cutting down on essentials. We keep creating more millionaires and billionaires but all they do with their wealth is keep it hidden away, where it does nothing but make them feel good about having more than the rest of us. An economy is useless when the majority of people can no longer contribute to it meaningfully.
This cost of living crisis has had me re-evaluating my finances. I’m not in danger of starving or anything, but I’ve cut back on almost all non essential spending.
No more eating out. Finding free outdoor activities instead of going cinema etc. No new toys or extravagant luxury purchases.
Not surprised the economy is gonna take a hit.
I did get some new sports socks though
People are just not spending money anymore, 2 years ago I had my best year ever, was looking at a new sofa, potentially a new house, bought my dream car.
2 years later the dream car has gone, my sofa will last until it breaks and I’m sticking with my cheap mortgage. I have paid all my debt off and my only big expenditure now is holidays. Nearly everyone I speak to is the same.
I sell sofas for a living, we have gone from 40-50 people a day to sometimes 7-10 a day if we are lucky.
All the cut backs and going debt free and I’m barely better off than 2 years ago when I had tons of debt, because whatever I save a month is eaten up by fuel going up, electric going up, food going up.
There’s no wonder retail sales are dropping is there
Of course this happens that’s the basis of economy, people need money to spend money.
8 comments
If you want to go deeper:
>Guardian: [UK economy ‘running on empty’ as high inflation threatens recession, and drives up borrowing costs – as it happened](https://www.theguardian.com/business/live/2022/jun/23/uk-borrowing-inflation-debt-costs-oil-gas-recession-stock-markets-factories-services-business-live)
Let’s keep printing more money
This has nothing to do with Brexit.
At this point, part of me does think “fuck it, let it burn so we can rebuild”. I’m so sick of trying to wake people up, trying to talk to the angry and uninformed in this sub and country.
And the pathetic fearmongering by shitholes like the Guardian to push their pro-Labour bollocks.
“Retail sales fell for a third month in June and retailers predicted another tough month in July.”
Oh you mean how sales ROSE 1.4% in April, after falling 1.2% in March. But apparently a rise in April followed by a fall in May, plus a predicted June fall is 3 months in a row.
Because those who truly keep the economy going have no more money to spend on anything but essentials, with many cutting down on essentials. We keep creating more millionaires and billionaires but all they do with their wealth is keep it hidden away, where it does nothing but make them feel good about having more than the rest of us. An economy is useless when the majority of people can no longer contribute to it meaningfully.
This cost of living crisis has had me re-evaluating my finances. I’m not in danger of starving or anything, but I’ve cut back on almost all non essential spending.
No more eating out. Finding free outdoor activities instead of going cinema etc. No new toys or extravagant luxury purchases.
Not surprised the economy is gonna take a hit.
I did get some new sports socks though
People are just not spending money anymore, 2 years ago I had my best year ever, was looking at a new sofa, potentially a new house, bought my dream car.
2 years later the dream car has gone, my sofa will last until it breaks and I’m sticking with my cheap mortgage. I have paid all my debt off and my only big expenditure now is holidays. Nearly everyone I speak to is the same.
I sell sofas for a living, we have gone from 40-50 people a day to sometimes 7-10 a day if we are lucky.
All the cut backs and going debt free and I’m barely better off than 2 years ago when I had tons of debt, because whatever I save a month is eaten up by fuel going up, electric going up, food going up.
There’s no wonder retail sales are dropping is there
Of course this happens that’s the basis of economy, people need money to spend money.