Here in the UK, I think we're at the beginning. Parliament is in recess, many people are on holiday, it's a heat wave and energy bills are low. Companies are sl

Here in the UK, I think we're at the beginning. Parliament is in recess, many people are on holiday, it's a heat wave and energy bills are low. Companies are slowly making adjustments to hiring plans etc. Many people are going to struggle (to put it lightly) with energy bills in winter. The extra £100-500/mo will be taken away from many other businesses. Those that don't go bankrupt will raise prices significantly to cover things like energy increases. People predict very large food prices increases during the autumn harvest too. Rents are going up like crazy as landlords try to shield themselves from interest rate increases. People tend to only fix mortgage rates for 1-5 years. Mine is expiring next year. Many people locked in some very very low rates (0.89% - 1.5%) and will be paying multiples of that It's going to be a very bleak winter in the UK