Cost of living crisis

crazygaijin

Just herd on the BBC with inflation getting out of control and wages not going up as much, this cost of living crisis to come.

With mortgages getting more expensive, house prices have to come down if someone really wants or has to sell.

whatyadoinsucka

inflation isn't out of control, we all know where its headed,

at least in the uk people can trade down, cut costs. In many countries, food prices doubling means you'll eat much less if your lucky, starve at worse

CLAPTON

Much of the present price inflation is due to imported goods (oil, commodies etc); this truely means people will have to change their spending habits.
Where possible they will cut back on imported goods as these have increased more than domesticly produced goods.
UK made and sourced goods and services will be in increased demand hence increasing employment

Not all negative then.

tracey3596

Quote "UK made and sourced goods and services will be in increased demand hence increasing employment " .....
in theory yes; great!

In practice? Well my question would be .... WHAT U.K. sourced goods?
We don't make much of anything any more.
For example clothing and shoes; we all need clothes and shoes, but you try buying British at prices everyone can afford. Impossible! And I could go on; we have (had to?) move away from manufacturing because of competition from countries with cheaper labour.

Changeing spending habits is inevitable though, I agree.

I'm not suggesting ALL is negative, but we are ALL going to have to change our habits and accept the changeing world.

Graham_Devon

CLAPTON wrote: »

Much of the present price inflation is due to imported goods (oil, commodies etc); this truely means people will have to change their spending habits.
Where possible they will cut back on imported goods as these have increased more than domesticly produced goods.
UK made and sourced goods and services will be in increased demand hence increasing employment

Not all negative then.

Trouble with this is, we don't really produce much food. Don't really produce many clothes, infact there was a programme on the TV the other day about the last biggish clothing factory in the UK. Don't produce our own oil and don't really produce our own gas or electric.

So most of the stuff that is being hit by inflation, we can't really buy in the UK. Not without paying a much higher ticket price for the privilege (food and clothing for example).

doire_2

REAL_MEN_OWN_HOUSING wrote: »

House prices AREN'T going anywhere. Hard cheese and tough titties, so get used to it. Oh and Marchs rent is due next week.

No go-go bar to sleaze around today sibley?

AD9898_2

foreversummer wrote: »

I'm a homeowner and I don't give a damn if prices rise or fall. My home is my home whatever, but my gut feeling is that there ain't going to much of a crash if that is what you are suggesting. There simply ain't enough of them and we just aren't building enough.

Sorry if you've a grudge again homeowners - presume you don't own one.

You presume wrong, I've owned outright for 18 months, but I forgive your ignorance as virtually no one in my position holds my views, most who've mortgaged to buy or own outright flick the middle finger to those who don't.

For proof see some of the posts by one of your 'thankers'.:cool:

ukcarper

AD9898 wrote: »

You presume wrong, I've owned outright for 18 months, but I forgive your ignorance as virtually no one in my position holds my views, most who've mortgaged to buy or own outright flick the middle finger to those who don't.

For proof see some of the posts by one of your 'thankers'.:cool:

What do you mean by most.

PeterZ_2

AD9898 wrote: »

You presume wrong, I've owned outright for 18 months, but I forgive your ignorance as virtually no one in my position holds my views, most who've mortgaged to buy or own outright flick the middle finger to those who don't.

For proof see some of the posts by one of your 'thankers'.:cool:

I fully own my own home, mortgage free - I would welcome falling house prices as I would like to move at some point. Lower house prices makes it much easier and reduces the costs of stamp duty.

I value my home for what it is - somewhere warm, dry and comforable to live. Unless you are a BTL landlord, property investor, or looking to sell up and move abroad, then who cares what your house is 'worth'?

My view is that lower house prices would have side effects that would benefit us all, such as a more vibrant economy.

PeterZ_2

Graham_Devon wrote: »

Trouble with this is, we don't really produce much food. Don't really produce many clothes, infact there was a programme on the TV the other day about the last biggish clothing factory in the UK. Don't produce our own oil and don't really produce our own gas or electric.

So most of the stuff that is being hit by inflation, we can't really buy in the UK. Not without paying a much higher ticket price for the privilege (food and clothing for example).

We do produce our own oil, gas and electric.

However, we do not produce enough oil and gas and we have to import from other countries.

We produce our own electric, but most energy companies are not UK owned.

Our best bet is to increase renewables, severn barrage and nuclear, but ideally with UK companies. We should be making a big investment in R&D, we have a good history of invention and creative solutions.

I would happily pay an extra penny on income tax if I knew all the money was going into research that would benefit the UK.

Davesnave

Graham_Devon wrote: »

Trouble with this is, we don't really produce much food.

In 2008, 24 countries together accounted for 90% of UK
food supply. Just over half of this (52%) was supplied

domestically from within the UK.

Source: Defra
No, not a lot, just over half of what we consume.....;)

Edited to add that it ought to be considerably more.