Anorak | The High Cost Of UK Living

The High Cost Of UK Living

by | 4th, July 2007

waiterbrown.jpg JUST what is going on in the UK? With another interest rate hike now expected from the Bank of England, we humble Britons are getting hit from all sides. (Pic: Beau Bo D’Or )

With massive mortgages to pay and mountains of debt to contend with, things aren’t looking too good for the common or garden British tax-payer, and now the Organisation for Economic Co-operation and Development tells us that food prices and energy bills are rising faster here than almost anywhere else in the world.

The OECD figures show that UK shoppers are paying 4.9 per cent more for their weekly groceries compared with a year ago, a substantial increase that is almost twice the EU average and over five times more than in France.

The British

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Posted: 4th, July 2007 | In: Money Comment (1) | Follow the Comments on our RSS feed: RSS 2.0 | TrackBack | Permalink