The fancy coffee and Avocado-on-Toast economy is gonna collapse.
Honestly the energy companies may as well directly take part of the salaries from our employers at this point
Think how much of the economy is going to collapse from this.
If people cant afford to spend on anything well there isnt exactly an economy that exists. Once other companies start to realise this perhaps they might actually lobby the government to sort this mess out.
It’s scary how hand to mouth most the population seem to be.
How I miss the old coal fires!. At least you could stay warm in the 70s modernisation eh!
My wife and I collectively bring in a perfectly acceptable income. We’ve lived comfortably but not luxuriously for years. We’re cutting back on everything when the combination of increased interest rates and energy prices hit. I actually don’t know how the economy is not going to be hit massively when previously comfortable middle class families aren’t spending their disposable income. I have no idea how anyone on minimum or low wages is going to manage in this.
All whilst the rich get richer and the government do bugger all to actually address the actual problems facing real people.
The other 4 in 10 will increase there rents and wear extra thin blue ties and only buy the daily mail once every other day
Good thinking m8, enjoy doing the toast!
It has to be this way. Goodbye Netflix, Amazon Prime, and Spotify.
Thousands of businesses are going to shut down from this. Very worrying times.
I think we could be on the brink of a house price collapse
The government are privileged and rich, they will probably refuse to believe that there’s a problem until it happens. Maybe they think people can just keep paying more and more without consequence.
It’s so obvious to most of the public that your money only goes so far. Most people will be cutting their spending at the very least.
Chaos is imminent as soon as the cold weather comes, but the Government are distracting themselves with a leadership contest.
Household income of over 100k with no kids
We don’t spend extravagantly but even we are reducing outgoings. Everything is just *insanely* expensive right now and I don’t understand how people are dealing with it.
oh no why can’t everyone kick football and earn millions so as not to be poor. /s
I live on my own and earn around £45k. To keep my cost increases to a minimum I haven’t turned the heating on at all this year. I use the bright streetlight outside my living room window to avoid turning any lights on, and keep everything else switched off until I need it.
I’ve shortened my showers and use cold water for laundry and washing up wherever possible. I’ve cancelled home broadband and use my 5G phone as a hotspot. Cancelled the TV licence and streaming services. Do all my shopping at the cheapest supermarkets like Lidl and Aldi.
A few years ago I sold my car so I no longer have that expense, but I’ve eliminated most public transport trips this year – if I can’t cycle or walk somewhere I don’t go. Don’t eat out or go out anymore. Don’t buy anything I don’t absolutely need.
And yet my total expenditure has still risen by 20%, largely because the trickle of energy I’m still using has increased in price by almost 400%, and grocery costs have increased by around 30%. My employer has just agreed to a pay rise of only 3% – won’t even touch the sides.
I have no idea how people earning less than me are going to cope. I was bankrupted by the 2008 recession, so I learned how to cope with no money, but a lot of people will go to the wall over the next couple of years, and it will start with people in jobs that depend on the discretionary spending of people like me.
Just don’t pay energy bills 4head
So, three in five…
Think it’s already started the music festivals that used to be sold out are struggling now
Well at least finally car use will plummet. The roads will be a haven for bicycles. Every cloud
I think for most people 2019 is going to be the last ‘good’ year until at least ~2030.
Post empire Britain feels like it peaked in 2012 (around then but the Olympics is a good date to put on it)
We are now entering post-Brexit period really struggling to see any sunlit uplands, hopefully my daughter can emigrate when she is an adult and escape. But with the way climate change is going to start biting in the next decade I think that is more and more unlikely.
Suspect humanity may be entering a new ‘dark age’ for a century or so.
We’ve always had high energy bills. Imagine my surprise when I looked yesterday and we paid nearly £400 last month…what the actual fuck.
It is insane and people just aren’t going to afford to pay/will not pay.
I thought it would be more to be honest.
Well there’s a surprise. Where we all meant to get the extra £300 from? Thin air? Money tree?
Ten in ten Britons say that energy company CEOs should be thrown in prison indefinitely for daylight robbery.
24 comments
The fancy coffee and Avocado-on-Toast economy is gonna collapse.
Honestly the energy companies may as well directly take part of the salaries from our employers at this point
Think how much of the economy is going to collapse from this.
If people cant afford to spend on anything well there isnt exactly an economy that exists. Once other companies start to realise this perhaps they might actually lobby the government to sort this mess out.
It’s scary how hand to mouth most the population seem to be.
How I miss the old coal fires!. At least you could stay warm in the 70s modernisation eh!
My wife and I collectively bring in a perfectly acceptable income. We’ve lived comfortably but not luxuriously for years. We’re cutting back on everything when the combination of increased interest rates and energy prices hit. I actually don’t know how the economy is not going to be hit massively when previously comfortable middle class families aren’t spending their disposable income. I have no idea how anyone on minimum or low wages is going to manage in this.
All whilst the rich get richer and the government do bugger all to actually address the actual problems facing real people.
The other 4 in 10 will increase there rents and wear extra thin blue ties and only buy the daily mail once every other day
Good thinking m8, enjoy doing the toast!
It has to be this way. Goodbye Netflix, Amazon Prime, and Spotify.
Thousands of businesses are going to shut down from this. Very worrying times.
I think we could be on the brink of a house price collapse
The government are privileged and rich, they will probably refuse to believe that there’s a problem until it happens. Maybe they think people can just keep paying more and more without consequence.
It’s so obvious to most of the public that your money only goes so far. Most people will be cutting their spending at the very least.
Chaos is imminent as soon as the cold weather comes, but the Government are distracting themselves with a leadership contest.
Household income of over 100k with no kids
We don’t spend extravagantly but even we are reducing outgoings. Everything is just *insanely* expensive right now and I don’t understand how people are dealing with it.
oh no why can’t everyone kick football and earn millions so as not to be poor. /s
I live on my own and earn around £45k. To keep my cost increases to a minimum I haven’t turned the heating on at all this year. I use the bright streetlight outside my living room window to avoid turning any lights on, and keep everything else switched off until I need it.
I’ve shortened my showers and use cold water for laundry and washing up wherever possible. I’ve cancelled home broadband and use my 5G phone as a hotspot. Cancelled the TV licence and streaming services. Do all my shopping at the cheapest supermarkets like Lidl and Aldi.
A few years ago I sold my car so I no longer have that expense, but I’ve eliminated most public transport trips this year – if I can’t cycle or walk somewhere I don’t go. Don’t eat out or go out anymore. Don’t buy anything I don’t absolutely need.
And yet my total expenditure has still risen by 20%, largely because the trickle of energy I’m still using has increased in price by almost 400%, and grocery costs have increased by around 30%. My employer has just agreed to a pay rise of only 3% – won’t even touch the sides.
I have no idea how people earning less than me are going to cope. I was bankrupted by the 2008 recession, so I learned how to cope with no money, but a lot of people will go to the wall over the next couple of years, and it will start with people in jobs that depend on the discretionary spending of people like me.
Just don’t pay energy bills 4head
So, three in five…
Think it’s already started the music festivals that used to be sold out are struggling now
Well at least finally car use will plummet. The roads will be a haven for bicycles. Every cloud
I think for most people 2019 is going to be the last ‘good’ year until at least ~2030.
Post empire Britain feels like it peaked in 2012 (around then but the Olympics is a good date to put on it)
We are now entering post-Brexit period really struggling to see any sunlit uplands, hopefully my daughter can emigrate when she is an adult and escape. But with the way climate change is going to start biting in the next decade I think that is more and more unlikely.
Suspect humanity may be entering a new ‘dark age’ for a century or so.
We’ve always had high energy bills. Imagine my surprise when I looked yesterday and we paid nearly £400 last month…what the actual fuck.
It is insane and people just aren’t going to afford to pay/will not pay.
I thought it would be more to be honest.
Well there’s a surprise. Where we all meant to get the extra £300 from? Thin air? Money tree?
Ten in ten Britons say that energy company CEOs should be thrown in prison indefinitely for daylight robbery.