Saturday, June 21, 2008

Les Miserables

If government minister, Tom 'Bummer' Harris, wants more reasons why people are so 'miserable',  he can take a look at this report today, which shows average families have seen their disposable income drop by £8 a week in the past year. 

The Centre for Economics and Business Research (CEBR) points out that adding in the effect of more expensive essential spending - such as transport fares, utility bills, food, clothes and housing - meant that these families now had, typically, just £131 left to spend on other things - a drop of 6%.

Harris, with his patronising remarks, said he just wanted to "kick start a debate". 

He would do well to look instead at his own government's policies over the last ten years which have deliberately created and encouraged a debt culture with too easy credit and unchecked loans. He could get away with the artificial 'feel good factor' if prices remained stable. 

But now, rising prices and debt repayments are eating away at disposable income. And that's why people are so miserable.

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