When people spend almost all their salary on rent/mortgage, energy, water and food then there’s nothing left to spend on businesses that actually make the economy go round.
All the constant wealth extraction through privatising everything is coming home to roost.
Acceptable_Hope_6475 on
No money left – tax us any more and it’ll be mend and make do rather than buy new winter clothes
cooky561 on
So taking 90% of a person’s income away so they get to survive has a bad effect on their ability to spend, shocker!
spinkxy on
“weak consumer confidence” – I don’t lack confidence, I lack money!
OGDSound on
Tell you what, instead of announcing record profits every quarter, while saying you’ve got no choice but to raise the price of bread by 2p every other week, why don’t you be a bit less fucking greedy and stop milking people dry until they’ve got nothing left, while you’ve lined your pockets with the hard earned money of the working class, then complain that people aren’t spending money with you anymore.
StiffAssedBrit on
If you spend years starving the roots, eventually the whole of the economic tree dies!
2stewped2havgudtime on
Was this the BOE strategy? Interest rates hikes are being felt more and more now as fixed terms came to an end. It’s no bloody surprise that people have less money. My friend is facing eviction from his sister’s second property, out of curiosity I looked at the rent prices in my area, it’s utterly appalling how high the rents are.
10 years ago my Brother started renting on a nice street in my town at £650 pcm, this was considered exclusive. Luckily the landlord is actually nice and has never raised the rent. Same street now, equivalent house is £1200…
NuggetKing9001 on
Well who would’ve though that chronic wage stagnation and inflation busting rises on everything, year on year would have any consequences.
StiffAssedBrit on
The only way to get growth in the economy is to get money back in workers pockets. Unfortunately, not a single politician, or political party, have a workable plan for achieving that. Not one!
terrordactyl1971 on
It will only get worse next month when she delivers another growth killing budget
ermCaz on
Small furniture company here.. sales are shiite at the moment
xylophileuk on
Lot of residency’s going round, constant threat of Ai. The cost of living going up. Not the time to be splashing the cash is it?
daniluvsuall on
This, is how we’ll slowly asphyxiate. As more and more cash goes to share holder profits and propping up our crippling debt.
Not even remotely surprising or shocking
Florae128 on
Same as the previous financial crash.
Uncertainty about jobs and rising costs means that people cut discretionary spending.
People don’t go to restaurants and bars as often, buy fewer clothes or switch to second hand, stop getting hair and beauty treatments, buy cheaper brands etc.
Nothing new, but has an impact on businesses and can cause further redundancies.
14 commenti
When people spend almost all their salary on rent/mortgage, energy, water and food then there’s nothing left to spend on businesses that actually make the economy go round.
All the constant wealth extraction through privatising everything is coming home to roost.
No money left – tax us any more and it’ll be mend and make do rather than buy new winter clothes
So taking 90% of a person’s income away so they get to survive has a bad effect on their ability to spend, shocker!
“weak consumer confidence” – I don’t lack confidence, I lack money!
Tell you what, instead of announcing record profits every quarter, while saying you’ve got no choice but to raise the price of bread by 2p every other week, why don’t you be a bit less fucking greedy and stop milking people dry until they’ve got nothing left, while you’ve lined your pockets with the hard earned money of the working class, then complain that people aren’t spending money with you anymore.
If you spend years starving the roots, eventually the whole of the economic tree dies!
Was this the BOE strategy? Interest rates hikes are being felt more and more now as fixed terms came to an end. It’s no bloody surprise that people have less money. My friend is facing eviction from his sister’s second property, out of curiosity I looked at the rent prices in my area, it’s utterly appalling how high the rents are.
10 years ago my Brother started renting on a nice street in my town at £650 pcm, this was considered exclusive. Luckily the landlord is actually nice and has never raised the rent. Same street now, equivalent house is £1200…
Well who would’ve though that chronic wage stagnation and inflation busting rises on everything, year on year would have any consequences.
The only way to get growth in the economy is to get money back in workers pockets. Unfortunately, not a single politician, or political party, have a workable plan for achieving that. Not one!
It will only get worse next month when she delivers another growth killing budget
Small furniture company here.. sales are shiite at the moment
Lot of residency’s going round, constant threat of Ai. The cost of living going up. Not the time to be splashing the cash is it?
This, is how we’ll slowly asphyxiate. As more and more cash goes to share holder profits and propping up our crippling debt.
Not even remotely surprising or shocking
Same as the previous financial crash.
Uncertainty about jobs and rising costs means that people cut discretionary spending.
People don’t go to restaurants and bars as often, buy fewer clothes or switch to second hand, stop getting hair and beauty treatments, buy cheaper brands etc.
Nothing new, but has an impact on businesses and can cause further redundancies.