This important article is republished from the Consumer Action Group newsletter.
We are in the grips of the worst recession that we have ever seen. Many people have lost their jobs and many more jobs are under threat. The astonishing price of fuel has meant that we are limiting the amount of driving that we do, food prices have once again increased this month and just last week, we heard that electricity prices will increase by 20% this winter. The High Streets are not immune. Woolworth’s were the first big name to go out of business at the start of the recession with well known names such as Moben Kitchens, Habitat etc closing down. Families are unable to afford a holiday and this is confirmed by the profit warning from Thomas Cook Travel. Families are really struggling financially and this is leading to many of them finding themselves in arrears with their council tax and small businesses that struggling to survive are finding themselves in the same position with non domestic rates (NNDR).
We are in the grips of the worst recession that we have ever seen. Many people have lost their jobs and many more jobs are under threat. The astonishing price of fuel has meant that we are limiting the amount of driving that we do, food prices have once again increased this month and just last week, we heard that electricity prices will increase by 20% this winter. The High Streets are not immune. Woolworth’s were the first big name to go out of business at the start of the recession with well known names such as Moben Kitchens, Habitat etc closing down. Families are unable to afford a holiday and this is confirmed by the profit warning from Thomas Cook Travel. Families are really struggling financially and this is leading to many of them finding themselves in arrears with their council tax and small businesses that struggling to survive are finding themselves in the same position with non domestic rates (NNDR).
