Quote:
Originally Posted by Mr K
Inflation is around 3%, as long as your wages have gone up by that much you're holding even. If not, and most people's wages haven't, then you're losing ground.
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Quote:
Originally Posted by Damien
Depends in the causes of the insurance and virgin media are but in part inflation due to the drop in the pound will be factored into price rises like that.
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Yes I follow these explanations, but insurance companies increase your renewal
every year, and companies akin to VM raise their prices (sometimes more than) once a year. These increases would happen with or without Brexit, yet Brexit is always brought into any discussion about higher costs of living. If the remain vote had won we would still be seeing these increases in the cost of living, as has happened since . . . well I'm an old man now
Brexit will cause problems, but let's not use it as a bashing stick to explain why people are (seemingly)* worse off than last year.
* eg. if you buy a new 'top of the range' iphone every year, that's probably £700+ that you're out of pocket . . .