BRITONS FEELING THE STRAIN AS COST OF LIVING RISES BY OVER 25 PERCENT – Is it any wonder that the economy is in dire straits when the average Brit simply does not have any money to spend?
The cost of living, in the UK, has risen by approximately 25 percent since 2008, and the biggest increase is Car Insurance with has risen, in this period, by a massive 67 percent. It’s not just the insurance companies that are ripping into our wallets; the Gas companies are another perpetrator by raising their prices a whopping 52 percent. No wonder we’re poor, when everything from Water to Petrol has increased way beyond any income increases that the average family has experienced.
When you look closely at the essentials, such as food, heat, light and motoring, these equate to an average increase of 25 percent which is 4 times higher than the average increase in salaries.
The UK, as within the US, has been bought to its knees by the Banking fiasco in 2008, where taxpayers’ were forced and railroaded into bailing them out; is it any wonder why the public are irate over the exorbitant bonuses that the banks are paying out to staff – even after they have reported losses in the billions?
How much worse can it get? Well that depends on a number of factors which will no doubt come to light in the up and coming Budget.
For many of us it will come as no surprise why Car Insurance has risen to such epic proportions. Our culture of lawyers and garages cashing in on claims has risen beyond all sense of reality and on top of this we have criminals setting up fake accidents in order to scam the insurance companies. It is of course the average, honest motorist that has to foot the bill and with the increase in foreign criminals entering the UK unabated it is likely that we will continue to see insurance premiums increase.
Over the last few months Government Ministers have been battling one another over the coming Budget in order to find ways to cut public spending and find a way to address and reduce the public debt. In times where austerity measures are being implemented many members of the public feel that significant savings could be made if the Government was to reduce its Welfare and Foreign Aid budgets, saving billions a year that could be put too much better use in reviving the ailing economy.
As things stand right now the British public cannot expect to see any decrease in the cost of living and it is not even conceivable to expect that salaries would increase in order to keep up with the increase cost of living. If you think about the average increase to the cost of living, from 2008 to 2013 being 25 percent and then compare this to the average income increase of just 6 percent in the same period, it doesn’t take a mathematical genius to figure out that families are being pushed beyond their limits.
Is it any wonder why the British public is at the end of their tether? Is it any wonder why there is growing resentment for those who walk into the UK and are handed all manner of benefits?
The British public is already under a phenomenal strain and yet this Government, as with the last Government, believes it is fine to house and feed the world at the taxpayers’ expense when the taxpayers’ cannot even afford to feed themselves.