May 25

Economic plight

Britain’s economy is in an appalling position, the worst for many decades, with rocketing prices and the prospect of it worsening this autumn. The government, desperately try find a way of helping the millions who are sunk in poverty, are expected to announce tomorrow how they will do so.

A combination of factors is to blame affecting the whole world, involving the production and transportation of a vast range of products, exacerbated by the Ukraine war, Brexit and the hesitancy or inability of government to act effectively to get to grips with a disastrous situation. 

Here we read of people spending the day in the local library or on a bus., washing in their sink.

 And it could be much worse this winter, with millions officially poverty stricken.

Not everyone is being dragged down, sinking in a sea of poverty and debt. Look around around and you  see some businesses, international, national and small, making massive record profits. And there are millions of people who are doing very well, thank you.

Like me. I am fortunate in being able - now my savings are no longer gushing out, paying care home fees.  I am able to live comfortably, my savings saved, able to go out for meals regularly and even on  cruise next month.

I hope that the government, unfortunate to be hit by the tidal wave that is upsetting the world economy, will strike the right balance, alleviating  the the plight of those who are suffering.

 

So what is this about retail sales surprisingly increasing last month mainly due to us taking to drink and smoking?

Somehow, millions of us think that is the way to pack up our troubles. Tea and sandwiches are not the answer, and in any case, a drop of our favourite tipple is cheaper to drink at home.

I should say so. At lunch at a local restaurant I was charged £6 for a glass of Italian lager.