To wonder how people will financially survive?

[Cupcakeicecream]

To think that many people are struggling already. Food price rises, gas and electric costs. The general cost of living due to inflation from either brexit since the pandemic and Ukraine war. But come on some people were struggling before any of those factors. Financially people will be pushed to breaking christmas will be off the cards general life will stagnate no meals out leisure activities cinema socialising new clothes treat foods. The threat of blackouts and wondering how we will pay bills to keep warm or keep a house running. Never mind buying food the price of it plus the large gaps on shelves. Winter will be miserable. It's becoming impossible to live in this country.

It will benefit the rich far more as they will continue to buy lots of things and benefit from the cut. Your average family or the very poor will feel very little benefit.

Remember the rule of thumb. If this government says we don't need to worry about tanks in Europe there will soon be tanks in Europe, if they inflation is not a problem it will soon be a big problem, if they say world leading they mean lagging behind, if they say levelling up expect levelling down, if they say high wage economy expect to be told you mustn't ask for a pay rise, if they say fantastic deal with Australia they mean for Australia, not us.

In short, Liz Truss means no handouts for us. There will be untold billions in handouts to prop up the energy market.

Only in cash terms. It is one of those statistical cuts, that can be both progressive and regressive at the same time. The poor spend a higher proportion of their income on VAT, the rich less. But in cash terms, it benefits the rich more, because they earn more. Smoke and mirrors.

I think you’re deep in denial @MarshaBradyo.

If the government do nothing, by May there'll hardly be anywhere left go, and about 90% wont be able to afford to go anyway.

By October it'll be 90% of us.

Schools will be unable to open. Most of us will

No thanks to quoting or comments I’m not really up for what you think.

But no it won’t be anything like lockdown. It’s hyperbole

People will have money - not everyone but spending will happen.

A recession is on the cards for eurozone but we’ve had those before.

Anyway hopefully last post in return.

Most of us will be going to bed very early to save on heat and light until at least April.

A lot of us will have lost our jobs as the energy market collapses our whole economy.

Any business that uses power or relies on discretionary spending is likely to be gone. 70% of pubs apparently.

Where are we going to go?

No thanks to quoting or comments I’m not really up for what you think

Wtf? Don’t post if you don’t want discussion. 🤷‍♀️

You and Rishi Sunak may be fine @MarshaBradyo but a quarter of us aren't now, half of us won't be after October, 3/4 won't be after January's rise and 90% of us won't be after April's. 99% after next October's rise.

If the government does nothing.

A massive chunk of British culture will be gone. Most of the pubs, fish and chips shops, theatres etc can't survive this.

Verdant I agree the strain on businesses is concerning, especially after saving so many in the pandemic

I would have made different choices and not used so much spending then to save more now. I thought it a mistake then, and still do now.

but still lockdown is not a word I would use.

My family are already officially in fuel poverty.
Rich areas will be fine. Henley and Kensington High Street will still be full of shops, bars and restaurants with people spending money.
Anywhere not rich will really suffer,
Anyone remember levelling up?

That's pretty much what I think. As businesses fail because they can't afford their energy bills either there will soon be nowhere to go anyway.

A massive chunk of British culture will be gone. Most of the pubs, fish and chips shops, theatres etc can't survive this

This. Small businesses particularly will suffer. I can see a lot of cafes, chi chi little shops, boutiques, beauty salons etc going under with consequent jib losses. We live near a town with lots of independent businesses, I can’t see most of them surviving.

Job losses, even!

If the government does nothing then lack of money will confine people to their homes, possibly just a couple of rooms in their homes and children won't be going to school. That's lockdown isn't it?

This will be EXACTLY like the fuel tax cut.

We won't see all of it. Maybe not even any of it. Retailers will take the chance to up their prices - to try to offset their own cost increases - and pass little to none on as price cuts.

Maybe that's the point. Truss just trying to help her business mates with tax money. Like all the corrupt before her.

There are still loads of people with a lot of money to throw around. Also a lot of older people sitting on a lot of savings. They aren't all destitute surviving on pension credit. They save and save for a rainy day that rarely comes but it's here now and they will need to dip into savings. People will still want to treat themselves though unless prices become extortionate.

Anywhere with an energy bill to pay and fewer customers will struggle. Anywhere that cooks or use hairdryers etc.

Self employed people with no premises to hear and light like personal trainers might be ok for a while, until the gymsclose down.

Without government intervention this will change the face of our country.

No I don’t think it will be to that extreme everywhere

Out of interest are you seeing a downturn where you are already?

Nobody’s going to dip into their savings to spend on non essentials @Babyroobs. When you’re a pensioner the rainy day is an operation you’d otherwise have to wait years for or care home fees. It’s not Sunday lunch out or tea and cake. Our savings definitely aren’t being frittered away on nonsense.

I'm certainly not seeing any change in people's habits where we are. It's not an affluent area, although some large houses, mostly 3 bed semis. the couple across the road continue to go away every other weekend with a huge gang of drinking mates and booze all weekend. They have just had a huge bar built in their garden so I guess they may be planning on some home drinking instead. The pubs round here have beer garden full of drinkers. Restaurants are booked up - I'm trying to plan a meal out to celebrate various things happening but have struggled to get a table. City centre rammed with shoppers yesterday. I work with older people and we have had an increase in folks calling seeming a bit panicked and trying to find out If they are eligible for benefits.

It will be awful for so many people, particularly those who already don't have 'extras' or 'luxuries'.

I teach and around 2/3 of our new Y7 intake live in areas in the top 20% of deprived areas. A 1/3 in the top 10% most deprived areas. It worries me how many of our families will cope. We have a free breakfast club - toast/porridge/cereals and I expect it will be very well attended!

I am fortunate that I hold a leadership position and earn a good salary so we will be OK. That said, mine is the main wage - DH works p/t (health reasons) and doesn't earn that much. We have savings which makes us exceptionally lucky but we are looking to cut back on non essentials. I feel for people who will be cutting down on essentials 😥😥

I suspect food banks will be inundated.

Your not BU.

Thousands will die, but this horrendous unfeeling , out if control Government will cover it up or blame the NHS.

It's completely unnecessary as well. No other European government is letting energy companies do this.

If you are still a supporter of this Government and the Conservative party at this stage, you are a fucking idiot and a ghoul.

No downturn here @MarshaBradyo. It's pretty leafy and well off where I live, though.

As with covid some people could see this coming months ago, and some people were completely shocked and blindsided when Boris declared a lockdown, and suddenly the deaths were in their thousands.

I can't see a downturn yet. I was on holiday in the lakes a few weeks ago and it was heaving. People weren't just doing the free stuff like swimming and picnics. The bars, restaurants and cafes were packed. As were activities such as zipwiring.

I live in Manchester and it's the same here. Manchester centre is heaving all weekend. DD and I went in yesterday to do an activity, we were travelling home about 6 and it was busy then.