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The weak pound hits the everyday man in the street very simply. Things cost him more. We buy our fuel in dollars, so fuel prices are going up. That hits every single item we buy, either directly or indirectly as goods are transported around the UK. The price I pay per litre has increased since the exit vote (2p per litre in September) and is predicted to increase by another 3p per litre over the next month.

The you have the cost of importing the goods we buy in. Witness the recent argument between Unilever and Tesco. Tesco wanted to keep prices lower, Unilever want to increase them as their costs are increasing and profits dropping due to a weak pound. Want some beans on toast for lunch? Most of the beans are imported from North America and paid for in dollars. Then where does the wheat come from that goes into making the bread?

So yes, people are worse off and it's going to get worse. But we're not earning any more.

And macs are getting more expensive... therfore unaffordable. Makes no sense making 3 year old tech more unaffordable by raising prices.
The weak pound hits the everyday man in the street very simply. Things cost him more. We buy our fuel in dollars, so fuel prices are going up. That hits every single item we buy, either directly or indirectly as goods are transported around the UK. The price I pay per litre has increased since the exit vote (2p per litre in September) and is predicted to increase by another 3p per litre over the next month.

The you have the cost of importing the goods we buy in. Witness the recent argument between Unilever and Tesco. Tesco wanted to keep prices lower, Unilever want to increase them as their costs are increasing and profits dropping due to a weak pound. Want some beans on toast for lunch? Most of the beans are imported from North America and paid for in dollars. Then where does the wheat come from that goes into making the bread?

So yes, people are worse off and it's going to get worse. But we're not earning any more.

but interest rates have been at an all time low for years, mortgage payments have not gone up. Admittedly savers have been hit but why not just over pay on the mortgage and save that way. In addition, house prices are still rising faster than a helium balloon... petrol has always gone up, thats a supply and demand OPEC thing on a world scale to keep them in profits... much like Apple.
 
congrats to all the leave voters - they have royally messed things up for the UK. Wanna know why the majority voted leave in my community? To make sure no more polish people come to the area. I told them dont be f******* idiots we will go in a recession but noooooooo racism at its finest!
 
And macs are getting more expensive... therfore unaffordable. Makes no sense making 3 year old tech more unaffordable by raising prices.


but interest rates have been at an all time low for years, mortgage payments have not gone up. Admittedly savers have been hit but why not just over pay on the mortgage and save that way. In addition, house prices are still rising faster than a helium balloon... petrol has always gone up, thats a supply and demand OPEC thing on a world scale to keep them in profits... much like Apple.

OPEC is keeping supply high and prices low. They can weather that storm, unlike other countries like Iran. Interest rates are low because the Bank of England knows to increase them would kill the economy and tip a whole load of people over the edge who have borrowed too much. If they dared put the rates up, then there will be a lot of people defaulting on their mortgages. It's those low interest rates that are fueling the housing market too.

But in any case, the problem will be inflation, not interest which makes things too expensive for us without corresponding salary increases (and I've seen precious few of those in IT over the last ten years).
 
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