British consumer market hits winter footwear prices for the first time

USwitch, a well-known website that specializes in providing price comparisons for consumers, recently released a survey showing that three-quarters of the 50 million consumers in the UK have entered “as wages have not risen due to increased household daily expenses.” Depressed in October, he was unable to make ends meet or could only maintain his balance of payments. He was forced to cut spending and prepare for the winter.

It is reported that among the respondents, more than half of the wages received in October remained the same, and 93% of households received daily expenditure bills rose in October. 18%, or about 9 million people, spend more on household expenses than income this month, and 57% can only maintain balance.

One of the reasons for this embarrassment is rising prices. Official statistics released earlier this week showed that for the first time in 18 years, the price of clothing and footwear has risen, and bread and breakfast cereals have risen in price, which may drive up prices of meat, dairy products and eggs. In addition, the British government plans to increase value-added tax from the current 17.5% to 20% from January next year, which means that all kinds of goods will increase prices. Robinson, head of uSwitch's Consumer Policy Department, said on the 19th that for consumers, a 2.5% increase in VAT would make matters worse.

"Last year, Britain was full of suffering people; this year, we both pain and poverty." Robinson said, "In some countries, people work to live; in the UK, consumers live to work."