this post was submitted on 19 Jun 2023
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UK Politics

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[–] [email protected] 8 points 1 year ago (1 children)

I'm not surprised, given the sheer amount of money that it'd take to achieve, and this .gov has splashed so much cash already with the energy price guarantee. But it does mean rocky times ahead for an awful lot of people, I cannot imagine the voters will thank them.

[–] [email protected] 15 points 1 year ago* (last edited 1 year ago)

They're gonna get crucified at GE.

Food costs creep up, you notice the cost has gone up bit by bit and maybe your butter costs 50p more, you grumble and you put it in your basket anyway. Rice has gone up 35p but you use it often so you grab a packet anyway, 35p is annoying but it's only 35p.

Mortgage? For most people that goes up in one big bang from a 2% fix to a 5.5%. You're now paying £200+/month more and there's nothing you can do about it. Worse yet, you either fix and possibly fuck yourself over if rates start dropping or go variable hoping rates decrease sooner than later but stomach any increases before they do.

Yeah, Tories never deserved their "good with money and the economy" reputation, but they're killing it themselves anyway.