Martin Lewis issues stark warning to Tory leadership candidates to act over ‘financial time bomb’

14 comments
  1. My household has pretty much been bang on ‘typical use’. My £1200 energy bill in 2020 is now going to be £3200 in 2023.

    Fucking lol

  2. Tories don’t care, the all have a major stiffy over the sheer amount of money their chumblies are raking in from the damage their policies have wrought.

    Now to head the apologists off at the pass…

    Yes, things are bad everywhere but Tory policies/inaction are making things worse; especially for those least able to cope.

  3. And they don’t give a shit.

    And they need not, from their perspective.

    Ultimately- A big percentage of their voters think there are too many black people on television, don’t believe in Climate Change (but somehow have the mental gymnastics to believe a conspiracy that Bill Gates has injected some super-duper-scary thing in peoples arms), want immigrants to be sent to Rwanda (or better still, for all the migrant boats to be shot at by the Royal Navy) and probably think articles discussing how working people need to use food banks and are otherwise struggling are “left-wing media” hoaxes.

    Of course they don’t give a shit if the plebs have to fork out another 4 figures from their pleb salaries from their pleb jobs to pay for essentials. If you’re not a higher rate taxpayer the average Conservative MP would be happiest if you just quietly rolled down and died (preferably without putting any pressure on the NHS)

  4. Do you honestly believe that the Tories and their supporters give a toss about this?

    If they are still doing OK, Jack, they are just going to see it as a sadistic win over those less fortunate than themselves. Why would they start to care if there is still someone they can look down on?

  5. Winter is going to be fun. I might set up some victorian re-enactment in my house so I can really get in the spirit of things. Watch a bit of peaky blinders (I know that’s post Victorian era but the environment doesn’t look much different) with icicles hanging off my beard.

    I’m getting giddy at the thought.

  6. He’s not wrong. The last decade has been rough for a lot of people. A slowly rising tide of cost of living outpacing incomes.

    A lot of people are close to the wire, and this sudden surge of costs will be devastating.

    It’s not about the absolute amounts of money, or the percentage increases.

    It’s very much about how much ‘spare’ income you have. When that number drops to close to zero, you’ve no contingency – one disaster will break you.

    But when it drops below zero? Well, you’re in a downward spiral. Maybe you’re clocking up debt, but then you’re exacerbating the problem by having to make repayments as well.

    But either way, you’re in an unsustainable situation – through no fault of your own – and may very well not be able to make any changes.

    E.g. “just” moving house to somewhere cheaper costs time and money, and if you _need_ to do that, then almost by definition you don’t have the resources you need.

    But it seems our leadership candidates are far more interested in ‘woke bashing’ than the real issues.

  7. This is the only thing really scaring me right now. I’ve been on a debt management plan, and even when you’ve managed to get your expenditure and outgoings to balance, with the minimal outgoings you can muster, life is horribly hard. The impact on your mental health is huge. The period before I got help from a debt charity…… they weren’t happy days.

    And the thing is, here we’re talking about people not even being able to break even. People will literally not have enough money to pay their bills. The impacts on mental health and quality of life are going to be staggering. It’s honestly going to kill people, tear apart families, increase homelessness, screw up children for life……

    I really hope I’m wrong, but I’m terribly worried about what’s going to happen this winter. Not for me personally, I can now ride something like this out for a while, but for people who will wind up in the situation I was in not too long ago. It’s going to be heart-breaking.

  8. All they’ll do is double down on “austerity” for the masses, whilst they bury their snouts further in the Exchequer troughs … ie: business as usual.

  9. If it keeps us down and willing to do any crap job to avoid homelessness, I doubt they will do anything. A desperate population is one they can exploit and one they can control, riots may be a risk but they can easily be controlled. They just need to keep people afraid of falling down the social ladder, or make them angry at those beneath them for their place in life.

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