The latest GDP figures for the UK have been released and show that the economy has declined 0.2% from last quarter which means that we are now in another recession - not much of a surprise really. But at least it isn't worse. At least the decline is less than previously.
I've been more aware of the state of the economy. Getting married last year meant that I had to take on new responsibilities. Having previously lived by myself for a short while I had some idea about the cost of living, but was in for a shock when I came to realise that in reality a relatively good salary didn't go as far.
The price of food has been the most shocking thing. On average we must spend around 40% of our income on food - and most of the things we buy is the value range. (Actually it's 10% I just checked but it feels more like 40% and its how it feels that counts). We don't drink and eat little meat - because it's so expensive. I've tried being thrifty, using offal and making more homemade cakes and biscuits, but it still bites.
There are many others who are in a worse still position, hence why initiatives like the food bank have become so popular. Even our church have set up Store City which supports residents of the Borough of Barking and Dagenham.
As I see it, it will take another 6 months or so for the economy to start making positive gains - if it continues on the same trajectory. That is just based on pure instinct - but as we know, anything could happen.
I've been more aware of the state of the economy. Getting married last year meant that I had to take on new responsibilities. Having previously lived by myself for a short while I had some idea about the cost of living, but was in for a shock when I came to realise that in reality a relatively good salary didn't go as far.
The price of food has been the most shocking thing. On average we must spend around 40% of our income on food - and most of the things we buy is the value range. (Actually it's 10% I just checked but it feels more like 40% and its how it feels that counts). We don't drink and eat little meat - because it's so expensive. I've tried being thrifty, using offal and making more homemade cakes and biscuits, but it still bites.
There are many others who are in a worse still position, hence why initiatives like the food bank have become so popular. Even our church have set up Store City which supports residents of the Borough of Barking and Dagenham.
As I see it, it will take another 6 months or so for the economy to start making positive gains - if it continues on the same trajectory. That is just based on pure instinct - but as we know, anything could happen.
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