Cost of Living - How are you handling it?

I can look forward to firing myself as business bottoms out if we are headed to a bad recession but at least somebody else isn't strawberry floating well doing it.

Note: I have never been fired from any employment.

Duck for cover and do some other gooseberry fool is the reality however. Disposal of assets is the worst possible result because then it's very very hard to get going again.

Up the prices go.

Grumpy David wrote:

Tomous wrote:

Grumpy David wrote:Base Rate up to 1%. Highest rate in 13 years. Recession pretty much baked in now.

twitter.com/EdConwaySky/status/1522179177369280513

GD, you seem to know your stuff on this kinda thing, should I be worried about our savings in Stock ISAs if we're heading for a recession?

Depends on your timeline for when you need the money and how recession-proof your job is / how recession-proof your employer is.

With cash, you're guaranteed to lose money to inflation but your money is protected by the FSCS and if you need money in the short term, it's best kept as cash (I'd consider premium bonds as essentially the same thing).

Equities have been the best way to protect your money against inflation in the long run but if you need to sell during a recession then that's not much comfort.

I consider my job fairly recession proof, unless the UK goes off chicken

Timeline is, we are saving to move house in 5-10 years. So sounds like we should leave it there?

Hopefully a recession won't last longer than that

Tomous wrote:I consider my job fairly recession proof, unless the UK goes off chicken

Timeline is, we are saving to move house in 5-10 years. So sounds like we should leave it there?

Hopefully a recession won't last longer than that

Various media outlets are reporting that Chicken may cost as much as Beef.

https://www.theguardian.com/food/2022/may/01/rising-feed-prices-mean-chicken-could-soon-cost-as-much-as-beef

With that timeline, in theory a recession this year or next year would have had a stockmarket recovery by then. With cash, it definitely will have lost a lot of value not just to broader inflation but house price inflation.

Grumpy David wrote:

Tomous wrote:I consider my job fairly recession proof, unless the UK goes off chicken

Timeline is, we are saving to move house in 5-10 years. So sounds like we should leave it there?

Hopefully a recession won't last longer than that

Various media outlets are reporting that Chicken may cost as much as Beef.

https://www.theguardian.com/food/2022/may/01/rising-feed-prices-mean-chicken-could-soon-cost-as-much-as-beef

With that timeline, in theory a recession this year or next year would have had a stockmarket recovery by then. With cash, it definitely will have lost a lot of value not just to broader inflation but house price inflation.

It's definitely going up in price, the boss of my company has been talking about it for awhile

Edit: hah didn't actually click the link, he's quoted in that article

Cheers GD

Tomous wrote:

Grumpy David wrote:

Tomous wrote:

Grumpy David wrote:Base Rate up to 1%. Highest rate in 13 years. Recession pretty much baked in now.

twitter.com/EdConwaySky/status/1522179177369280513

GD, you seem to know your stuff on this kinda thing, should I be worried about our savings in Stock ISAs if we're heading for a recession?

Depends on your timeline for when you need the money and how recession-proof your job is / how recession-proof your employer is.

With cash, you're guaranteed to lose money to inflation but your money is protected by the FSCS and if you need money in the short term, it's best kept as cash (I'd consider premium bonds as essentially the same thing).

Equities have been the best way to protect your money against inflation in the long run but if you need to sell during a recession then that's not much comfort.

I consider my job fairly recession proof, unless the UK goes off chicken

Timeline is, we are saving to move house in 5-10 years. So sounds like we should leave it there?

Hopefully a recession won't last longer than that

I'm using a S&S ISA to save to buy a flat and I just lost another couple of hundred quid off my deposit because the Tories wanted another recession I now have to save even more money on top of the gooseberry fool i lost because of Ukraine. God I love this.

Grumpy David wrote:

Tomous wrote:I consider my job fairly recession proof, unless the UK goes off chicken

Timeline is, we are saving to move house in 5-10 years. So sounds like we should leave it there?

Hopefully a recession won't last longer than that

Various media outlets are reporting that Chicken may cost as much as Beef.

https://www.theguardian.com/food/2022/may/01/rising-feed-prices-mean-chicken-could-soon-cost-as-much-as-beef

With that timeline, in theory a recession this year or next year would have had a stockmarket recovery by then. With cash, it definitely will have lost a lot of value not just to broader inflation but house price inflation.

Great news! We can get our chicken from America! You've not been getting your daily chlorine intake anyway!

If you're in the market for tea bags, Clipper Organic Everyday 100 Teabags (Pack of 6, total 600 Teabags) is currently a mental £11.40 on Amazon, or £10.83 on Subscribe and Save. They're normally £3.80 a box. This brings it down to £1.80/90. Tesco also have them at £1.90, reduced to clear. Not sure why they're so cheap, apart from Yorkshire Tea it's the best bagged tea on the market.

KK wrote:If you're in the market for tea bags, Clipper Organic Everyday 100 Teabags (Pack of 6, total 600 Teabags) is currently a mental £11.40 on Amazon, or £10.83 on Subscribe and Save. They're normally £3.80 a box. This brings it down to £1.80/90. Tesco also have them at £1.90, reduced to clear. Not sure why they're so cheap, apart from Yorkshire Tea it's the best bagged tea on the market.

Spot on, got one of those from Amazon.
Good top tip there Cake Line.

https://news.sky.com/story/the-surreal-but-also-real-problem-of-britains-gas-glut-12614797

The surreal, but also real, problem of Britain's gas glut

The UK is drowning in gas - but consumers will get little or no relief from these very low prices, writes Ed Conway

Spot prices go up and down a lot and are only tenuously connected to long term prices but still a very surprising (and interesting) article.

HELLO MR GAS MAN

Grumpy David wrote:

Tomous wrote:I consider my job fairly recession proof, unless the UK goes off chicken

Timeline is, we are saving to move house in 5-10 years. So sounds like we should leave it there?

Hopefully a recession won't last longer than that

Various media outlets are reporting that Chicken may cost as much as Beef.

https://www.theguardian.com/food/2022/may/01/rising-feed-prices-mean-chicken-could-soon-cost-as-much-as-beef

With that timeline, in theory a recession this year or next year would have had a stockmarket recovery by then. With cash, it definitely will have lost a lot of value not just to broader inflation but house price inflation.

This can't be real. What will we do for gainz David? I'm not doing protein shakes.

Inflation now at 9%, highest in forty years. This is going to get a lot worse before it gets better under this government isn't it?

Cuttooth wrote:Inflation now at 9%, highest in forty years. This is going to get a lot worse before it gets better under this government isn't it?

With ministers saying "maybe you could work more or swap to a better paid job" I think that's a yup.

It's not even that they don't care about people struggling as such I don't think they can comprehend it at all to even reach a point they don't care about it.

Cuttooth wrote:Inflation now at 9%, highest in forty years. This is going to get a lot worse before it gets better under this government isn't it?

Yep, we're strawberry floated.

Winckle wrote:

Grumpy David wrote:

Tomous wrote:I consider my job fairly recession proof, unless the UK goes off chicken

Timeline is, we are saving to move house in 5-10 years. So sounds like we should leave it there?

Hopefully a recession won't last longer than that

Various media outlets are reporting that Chicken may cost as much as Beef.

https://www.theguardian.com/food/2022/may/01/rising-feed-prices-mean-chicken-could-soon-cost-as-much-as-beef

With that timeline, in theory a recession this year or next year would have had a stockmarket recovery by then. With cash, it definitely will have lost a lot of value not just to broader inflation but house price inflation.

This can't be real. What will we do for gainz David? I'm not doing protein shakes.

Beans and lentils?

I was really happy (and lucky) to get a 12.5% pay rise last month. Now even that is barely covering inflation.

satriales wrote:I was really happy (and lucky) to get a 12.5% pay rise last month. Now even that is barely covering inflation.

I cant remember if mine was 1 or 2 percent, but after the tax rise, I'm up 6 quid on my previously monthly pay.

I have been looking at new jobs as a result. The jobs market is bonkers, there's so much out there that any business not paying their staff an increase in line with inflation is going to risk a big churn in staff. The 'not paid enough, find a new job' attitute of the government stinks, but I would recommend that anyone who is struggling has a look at what else is available, because there seems to be a gulf between what a new staff member would be paid and what existing staff are paid. Ultimately, a business that doesn't support it's staff does not deserve your loyalty.

Any eligible people here still yet to receive their £150 council tax rebate?

Others in my area got it weeks ago, but we've heard nothing the council website explicitly says not to contact them if it's not been received, so I just have to keep hoping it eventually turns up.

Oblomov Boblomov wrote:Any eligible people here still yet to receive their £150 council tax rebate?

Others in my area got it weeks ago, but we've heard nothing the council website explicitly says not to contact them if it's not been received, so I just have to keep hoping it eventually turns up.

Not yet, apparently 4000 house holds in my area got it last Friday and the next batch is this week.

I don't understand how it takes so friggin long and why it's all batched up, just get the frig on with it damn it!

Oblomov Boblomov wrote:Any eligible people here still yet to receive their £150 council tax rebate?

Others in my area got it weeks ago, but we've heard nothing the council website explicitly says not to contact them if it's not been received, so I just have to keep hoping it eventually turns up.

I haven't got mine, but my council website said it could be up to the end of May so I'm waiting.