Just got my buildings and contents quote today and it has doubled! To be fair we were on a three year deal that kept the same premium for three years but it still means it has doubled over three years ago so on average over 16% per year. That is on top of food bills rising above inflation, energy bills exceeding inflation and 10% council tax increase. I expect Yorkshire Water to hit us with an above inflation bill next month.
This makes a complete nonsense of the stated rate of inflation currently about 3.5%. Who does this apply to because my personal inflation rate is well in double figures? Pension increases have come nowhere near covering all these rises we have experienced but at least we can cover the differences it just means less spare cash available. How do people on fixed incomes cope and those lower down the earnings scale whose personal inflation rates must be horrendous?
Finally just to rub salt into the wounds on top of the above inflation car insurance hike earlier this year my car tax has had a £425 surcharge added all because the list price crept above £40,000. The year before the same make, model and trim level was £195 per annum. The surcharge is the same if the list price is 1p over the threshold or thousands so who does the tax hit the hardest? Yet again another threshold not increasing with inflation.
Rant over, just had to get that off my t*ts!
Richard