gandalfthebrave
Well-Known Member
- Joined
- 8 Jun 2018
- Messages
- 191
Been speaking to a few people about this in the last week or two.
An increase in price for the food shop means cutting back on a Starbucks or a McDonald’s breakfast or whatever. Save a few quid here and there, very annoying but doable at a stretch.
The thing with energy prices going up to £400+ a month or more, is that when you take into account a mortgage or rent, nursery fees, maybe a bit of car finance, then council tax… on say £1500 a month take home, no matter which way you massage the figures, the energy bills aren’t getting paid. It simply can’t be done for many people.
I reckon this winter will be mayhem - because there’s no way they’d cut off the energy of millions, not because they won’t pay, but because they physically can’t pay?
So far any existing price increases in the weekly shop or whatever else, can largely be covered by cutting costs elsewhere.
That’s not the case for energy bills, and also for mortgages as fixed rate deals run out and people have to remortgage on deals hundreds of pounds a month more expensive than they’ve been used to.
An increase in price for the food shop means cutting back on a Starbucks or a McDonald’s breakfast or whatever. Save a few quid here and there, very annoying but doable at a stretch.
The thing with energy prices going up to £400+ a month or more, is that when you take into account a mortgage or rent, nursery fees, maybe a bit of car finance, then council tax… on say £1500 a month take home, no matter which way you massage the figures, the energy bills aren’t getting paid. It simply can’t be done for many people.
I reckon this winter will be mayhem - because there’s no way they’d cut off the energy of millions, not because they won’t pay, but because they physically can’t pay?
So far any existing price increases in the weekly shop or whatever else, can largely be covered by cutting costs elsewhere.
That’s not the case for energy bills, and also for mortgages as fixed rate deals run out and people have to remortgage on deals hundreds of pounds a month more expensive than they’ve been used to.