The UK economy has relied on mass (mostly unskilled) economic migration from the EU and the 'World' as a means of cheap labour, which has kept wages for workers low (not including the bankers in the City of London propping up UK GDP by laundering the proceeds of crime cartels, drugs, Russians and off sure tax avoidance/trust wealth schemes etc). It now finds itself up shit creek; EU economic migration has fallen post Brexit so World economic migration has increased into the UK (as it has historically), but not to the level needed to pick fruit, work in factories and slave away with no rights or protection in the 'gig' economy, or NHS etc. The very 'Business Leaders' who advocated Brexit are now asking for more migrant workers......this plus the complete and utter shit show that was the 6 weeks of Liz Truss and Kami-Kwasi.....
Now we have rampant inflation, and below level wage rises together with huge energy and food bills rocketing together with the end of 'cheap debt' (credit, loans and mortgages) the bubble has burst.........and I agree how can many people cope on meagre wages with bills etc spiralling...answer they can't. Banking crisis in 2008 was different the rich were losing their jobs in the City selling their Pokers, Fezzas etc I remember eBay was full of them........this time it's the plebs suffering and cars etc will be the first thing to go or not buy, given a lot of households are maxxed on finance, PCP deals etc there is no scope to soak up increased prices, household bills etc.
Whilst I'm ranting, ....the roads and infrastructure are a shambles, train and bus 'services' are appalling if they even exist, Water Companies appear out of control dumping shit in our sea and rivers, policing appears almost non-existent, social care has fallen apart and managed by the private sector for profit, not enough schools for kids, waiting lists at hospials for Ops and cancer treatment at all time high, Crown Courts with a 2 year back log of cases,....I could go on but in my view it's almost the antithesis of how to run a country....the response more cut backs, less funding and more/or contiuned privitisation.......with a kick back for a) the multinationals like Amazon, Ebay, Starbucks etc to allow them to continue to fiddle and not pay their tax burdens b) the triple lock c) non dom status d) protection of City of London etc
Used car prices have started to fall, read that the Trade reckons 3-6% so far but I reckon it will continue, the prices have been bonkers in any case; but big money for an R et al is over for the forseeable......the majority of people in the UK will be concerned about keeping what they actually have (house, car) and putting food on the table and paying the Bills.
