For a while now food has seemed to be getting more expensive very quickly so this isn’t a surprise. It’s very easy to spend £50 on just a bag or two of grocerie

For a while now food has seemed to be getting more expensive very quickly so this isn’t a surprise. It’s very easy to spend £50 on just a bag or two of groceries (albeit buying some fancy stuff). Cheaper items have gone up a lot. They are still cheap in absolute terms (55p for six pitta breads) but the price increase is very difficult for people on the breadline. The UK’s inflation problem is compounded by the fact that wages have stagnated for over a decade now. Salaries are really quite low. Only 15% of income tax payers are on the higher rate (over £50k). That was sort of manageable during the period of low interest rates but I really don’t know what people are going to do now.