Comment on Royal Family to get a 94% surge in taxpayer-funded income whilst 'it's subjects' must expect less
tenebrisnox@feddit.uk 1 week agoIt’s not “pocket change”. For most households in UK, food, energy and rent/mortgage take up about 70% of income. That doesn’t include anything else or other bills (or alcohol or going out or clothing etc). For a lower-earning familiy it takes up considerably more than that.
Truss’ budget accelerated for a short-term period what was happening to the economy (and mortgages). Economists believe that the rises would have happened anyway. If mortgages are going DOWN why are rents going UP?
Korhaka@sopuli.xyz 1 week ago
Did you actually read what I said? Put it another way, if rent is 55% of income and energy+food is 15%, the problem really is rent, not food/energy.
tenebrisnox@feddit.uk 1 week ago
By focusing on mortgages (which is how you started) you miss the extent of the problem. That’s why you feel that things for YOU aren’t that bad. It’s not true that 55% goes on rent/mortgage. The numbers are roughly 20% for households with mortgages, 35% for rent (slightly lower for social housing). Low-earners, as I said earlier, get hit the hardest and spend much more of their income on mortgages/rent. The problem is the perfect storm of food + energy + rent\motgage + taxation + low-levels of welfare support in UK.
Korhaka@sopuli.xyz 6 days ago
Wtf are you buying to eat if only 20% of your income goes on mortgage and 50% on food/energy?
tenebrisnox@feddit.uk 6 days ago
Pre-pandemic we would spend £100 a week on food shopping for a family of two adults and two children. We now spend about £200-£250 for the same amount of food (probably less). We don’t buy expensive brands or any alcohol at all. At the same time our monthly energy bill was about £90 a month and is now £190 a month. Our salaries have increased by about 3%. For us, just a regular family in the UK, life has significantly worsened and looks like it will get even worse. Sorry if that shocks you.