The English Make Remarkably Good Pirates; Will the Budget Make a Difference?

I had to contact the hubby yesterday in an emergency. All this talk of budget cuts and football had finally sunk in. Christ! The mortgage, we are stretched to our very limits on an unfortunate 5.75 % fixed rate mortgage. But, there is light at the end of the tunnel and it’s due to renew next year. Or at least it was, panic, what if the interest rate goes sky high likes it did in the 1980’s. We, like many other ordinary middle-class families would be well and truly stuffed.

There is no lea-way in our budgeting. I go to shops look at lovely things that pre-children I would have easily been able to afford and now it’s a real dilemma whether to by them or not. I saw a pair of shoes the other week, they were reduced from £130 to £50. I have lusted after them ever since. I earn a reasonable salary, 5 years short of my age, hubby is a chartered accountant. We should be rich. We are far from it, the mortgage takes the majority of our combined salaries. We are stuck, we can’t live anywhere else as our jobs are here, our house is not expensive for where we live, it’s average.

So back to mortgages, well research indicates that the rate should stay at around 3% until at least 2012. That’s fairly good news then. Like many other families we will make further cut-backs on the shopping bill if the budget impacts on us. Although the hubby seems to think that we fall into a weird bracket combination of taxes, lack of benefits and so forth that it will probably have little impact, other than more expensive shopping. The slight worry is my local government job, but since I have trained as a childminder I have a back-up plan. Pensions? Well, I think we may just have to forget about them and if we make it to 70 we will be living in a tent at the seaside.

The only other alternatives I can see for this government is to adopt historical precedents. I do believe that the Plantagenet invasions of Northern France proved quite successful and the English make remarkably good pirates.


5 Responses

  1. A Muse Inner Me 22nd June 2010 / 8:21 am

    It&#39;s unbelievably hard these days isn&#39;t it. I&#39;ve really noticed a difference in the price of our weekly shopping bill, and we eat modestly.<br />We are so out of reach of buying a house right now-we should have one by now going by other people, my brother had his own for 3 years at my age. We live in an area far outpriced by like you cannot move because of a good job. <br />In 2009 we

  2. Alex 22nd June 2010 / 8:29 am

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  3. TheMadHouse 22nd June 2010 / 5:52 pm

    We are in the same predicament as you. It is hard living like this, if we would remortgae or even go on to the standard rate we would save 200 a month, but the costs are prohibitive. We have seent he costs of everything go up and up and up. I am going to have to look for a job, but with childcare costs what can I do!

  4. Muddling Along Mummy 23rd June 2010 / 9:08 pm

    I do worry about interest rates, a lot, not least because the forward curves seem to indicate that everyone thinks they will go up and up (shudder) – just hoping that they don&#39;t<br /><br />There are an awful lot of people in the same boat as you – horrible

  5. Grit 26th June 2010 / 8:45 am

    i have no practical advice but a virtual solidarity hug and &#39;keep going&#39;. we reorganised our lives some time ago to drop one salary. i haven&#39;t bought any new clothes, shoes, household items for years. however, i can repair, make from scratch, suss out the charity shop £1 rail, make do, freecycle, scrounge from the tip, head for the 10p reduced bin, and grow stuff. that applies to the

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