Should I spend or save? How is the economy doing for real
Although the government is telling everyone the economy is on the mend, the reality is the economy is still on the verge of a double dip recession.
The inflation figures don’t show inflation has stopped rising, they just show the drop isn’t as steep anymore. If the economy was a plane, it would still be falling, just not as fast as it was before.
Every single FTSE company form insurance to subscriptions has increased the cost of its premiums, yet salaries have not increased.
The interest rates are still higher than they should be, which is boosting the bankers profits whilst costing the average taxpayer more.
With Christmas coming around soon, they will need to be some changes, and the government will have to bring that ‘feel good factor back in to the market to boost spending, in order to avoid this being labelled as the winter of discount.
No winter fuel payments, parents with no money for presents and the rising fuel costs will make this not only one of the coldest winters but also a thrifty one.