Free Britain

Britain’s cost of living is highest in the Western world
June 28, 2008, 10:30 pm
Filed under: Economy, European Union, Family, Laws & Regulations, News | Tags: , , ,

Source: Daily Mail

Britain has the highest cost of living in the Western world, it is claimed today.

A Middle Britain family’s annual bills for a home, food and other essentials – estimated by a firm of international economists – total £38,880.

This figure has leapt by more than £2,000 a year compared with calculations made four months ago by the same experts.

The increase is a reflection of the rising cost of energy, food and housing – particularly rents and fixed-rate mortgages.

Yesterday, the cost of crude oil hit a new high of 141 dollars a barrel, threatening further increases in prices on the high street.

The Daily Mail Cost of Living Index has noted a 19.8 per cent increase in the price of essential food items in the past year – adding around £1,000 to annual grocery bills.

Household energy bills have jumped by around £130 a year to just over £1,000, while there are warnings that a further £400 rise is in the pipeline.

It does not include tax havens or ‘wealthy playgrounds’ such as Monte Carlo.

The cost of living in London is a useful bellwether for comparing Britain with other countries, according to the ERI which operates in the U.S. and Britain.

The calculations are based on a family of three with a gross income of £51,039.

That equates to the annual salary of a middle management executive, or a couple each earning around the average wage.

(Read more)


2 Comments so far
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Not one cent of taxpayer’s money should be ever used in the governments, civil and public servants, expense accounts to buy alcohol, wine or beer

Comment by thenonconformer

Well, the taxpayer is being well and truly fleeced. If my memory serves me, there are specific rules set out in the Bill of Rights making it illegal to tax the People at source. This was written in to give the British the ability to protest against the government financially. As far as I’m concerned, there shouldn’t be an income tax at all (or at least a truly minimal level). Government can collect funds from taxation on products and services. This would of course reduce the amount of money available to the government, forcing them to cut back on spending, expenses, quangos, MP’s, propaganda and other self serving processes.

Comment by fmwatkins

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