Martin Lewis issues a stark warning

[GreenLunchBox]

And I'm really quite scared what's going to happen 😭

twitter.com/MartinSLewis/status/1549305060320067585?t=2QJm_R-HS3gXtUUCoy_8tA&s=19

@carefullycourageous

No I’m not missing the point. If he wants people to actually take him seriously he needs to exhibit that in his writing style. I think he fancies himself as a prophet of the people & that by taking grammatical shortcuts or adopting this kind of slang approach he’ll appeal to the masses. I just find it irritating & it actually makes me take him less seriously

I sort of get them booking holidays.
we are quickly using some of the savings to buy things that need replacing soon but not yet because I feel like if we don't now we won't be able to ever.

We are also going out for the first time in a couple years, despite knowing we will need the money soon enough.

I think its the idea that our £100 today is buying less than last year. So why not buy the new paint for bedrooms, towels and socks etc now before we definitely can't afford it? Because in 3 months our £100 will be worth £50 and so on.

Although I've also cut back, I am feeling the urge to spend and prepare that way.

Going on holiday seems a bit much but then we have never been able to afford a holiday so who knows? perhaps it's the equivalent of us going out.

I should add, we did a similar thing just before first lock down (didn't believe covid was going to be that bad). We went out shopping/ walking/ mcdonalds etc almost every day for about 2 weeks before lockdown. Because i felt the urge to do it while I could. just wish I'd spent that time stocking up on bits and bobs.

Thank you. I didn’t know about this.

hmm you have to go through a LOT of hoops, be already in debt, and agree to a specialist financial budgeting meeting with an adviser, really humiliating when the main issue is simply not enough money to cover hugely overinflated basic bills and food costs

Some people need to make up their minds - does he wrongly panic people, or wrongly advise them not to panic? Advising not to fix at 30% above the price cap was clearly telling people not to panic. So it’s a bit weird now, if you think he was wrong not to panic people into fixing a year ago, to claim he unnecessarily panics and stresses people out.

@wallpoppy report the pyramid scheme bollocks, don’t quote -repeat it.

We seriously won't be able to afford to buy new socks?

at this point who knows? but I'm just listing things we have got recently after putting it off for years.

What a drama llama

It’s so bizarre

Huge queues at the airports with millions of brits heading off to sunnier climes
and yet so much hand wringing about how are we going to afford xyz

Different people have different incomes and different attitudes to planning m. It’s not rocket science.

Really callous to call it “hand wringing” when some people are genuinely calculating that they won’t be able to pay their bills.

Increased food prices will mean people will buy the cheapest, crappest food, usually carbohydrate filler food -thereby worsening their health and their waistlines.

Malnutrition and hypothermia will not help the NHS. As for cyclists - a boon for bicycle thieves, maybe.

I think he's more likely to be right than not. And I'm glad he's raising awareness of this issue.

I think he could go further, too. The benefit cap needs to be raised so that those on the lowest incomes see an increase: all the time it stays the same, the poorest families won't see any rise in their income in high-rent areas, because the cap is so low.

The local housing allowance rates have been the same for 3 years, but rents have risen, forcing people to spend of the money they're meant to have to live on goes on paying the shortfall. They need to raise carer's allowance and the carer's element of UC so that those caring for others don't lose out disproportionately.

The state pension is a paltry £185 pw, and pensioners have to spend more on heating because they're likely to spend more time at home. The increased winter fuel allowance isn't going to touch the sides of increased energy costs.

I work in welfare rights, and every working day I see people who are really struggling financially. It's heartbreaking.

Nothing bizarre about inequality - it’s how capitalism works.

So, introduce rationing then, rather than leaving the wealthy to buy up all the nutritious food and leaving the poor to eat crap. And let the elderly die of hypothermia, as we used to.

I honestly don't understand some people on here.

I totally understand that some people ignored the advice from Martin Lewis and fixed. I get that.

But this is not the point of the thread.

Regardless of the messenger - it's the message. And it's not just him saying this.

This is just like a scene from "Don't look up"

There's an asteroid coming. Well, the person who said this gave me some bad advice so I am going to ignore this warning.

Despite the asteroid being visible and on a head on collision.

I first took the mortgage out 11 years ago when I was in a higher paying job, had a 20% deposit and it was a small mortgage in comparison to others (100k). Circumstances have changed and I am now working in a far less well paid role and I am a single parent. Fortunately I’ve stuck with the same lender so despite earning less and being on UC I’ve recently fixed it for 5 years in anticipation of interest rate rises.

I am sure that point of view was expressed in Don't look up.

Life imitating art

That was in response to @Rearwindow12

Even if that were the case, it's scandalous that anyone NEEDS to try and force them to take action. Where are our billions that have been wasted on various schemes, both at government and council level?