Prices going up

I am terrified about what is happening where I live as there is no social security or unemployment money. Crime will increase as people get hungry. I do not see things getting better for a few years. It is sure to get worse out here. I cut down this Christmas on food and gifts and would have cut down more but my sister was staying with me. We just have to be more creative. Blessings

Well, rising prices are hurting people everywhere. However, if everyone starts saving more and more, spendings will reduce considerably, and it is bad for Trade and commerce. So, the need is for a balance between savings and consumptions.

i'm not living in UK so i don't know how much impact the VAT increase will have on the business over there... but one thing i know for sure is, the price is already high enough as it is and many people are already struggling to cope with daily expenses... i'm not talking about the rich people... i'm talking about the majority working people that depend on their paycheck to survive including me... take care and have a nice day...

Dear friend, The situation there is much changing on prices aspects. In India where I live the situation is also much different. As the the fuel prices are increasing every year, it is adversely affecting the other products too. Moreover the prices are going up here too. Hope these hike in prices would had affected from those world market.

Well, rising prices are hurting people everywhere. However, if everyone starts saving more and more, spendings will reduce considerably, and it is bad for Trade and commerce. So, the need is for a balance between savings and consumptions.

I used to live and work in a country that implemented VAT. I could still remember the uproar of the people when they put in an 8% tax. Until I got here when I realized that although it is being called by a different name, it is still tax! And it is in double digits. And that's why I love shopping in Oregon-state. Where there is no tax. What you see on the price tag is what you pay for.

It's difficult to know exactly what is the best method to help the U.K. Increase in VAT probably won't make much difference to most people's everyday expenses especially as food basics do not have VAT on them, the VAT on electricity and gas also has not increased, so there will not be any increases on them. It will mean that some people will cut back on non essential expenses,so the amount collected in VAT will be less than the government hopes for, however the big problem is the increase in petrol and diesel prices, the tax on these is already far to high, increasing these prices further will cause an increase in everything, and could kill the tourist industry. I firmly believe that there should not be any tax on petrol, diesel or heating costs at all. The big problem really was the last government where the prime minister spent billions of pounds he didn't have on unnecessary projects, if he had started cutting back two years ago, then the country would have been very different, and a lot of the recent cuts would not be needed now.

as every year, prices have gone up here in canada too but sadly, our wages have not. but i have to agree with you.

Here in Northern Ireland,with the border with the Republic of Ireland close By (and part of the Eurozone),trade is fluid moving back and forward with currency fluctuations,variations in taxation on fuel,and such..Trade last Christmas was crazy coming this way,with the Republic's VAT rate being 21% versus our 17.5%,and an advantageous Euro rate helping..it remains to be seen how our rate coming closer to parity will change things,but I'm reading the Irish rate is to increase gradually from 21% to something like 24% by 2014..the recession has hit businesses hard recently,so hopefully thse adjustments don't make things worse..

Hi,you are talking the problems people all over the world are now worrying.Here in my country the prices of almost everything are rising.Well,to be exactly,except our labor costs. Because the salary almost not change. Well,the house,the medical cost,the vegetables and oil.I don't know why these happened.Yes,maybe because of some natural disaster,the food production maybe decrease.But there are some other things whose amount not changed,why their prices are rising too. I think the goverment print too much paper money is the chief culprit.I am not sure about other countries,but i think it is the case in china.The goverment said it is going to increase the income of the peasants through the means of increasing the prices of farm products.But in the end,prices of all products,inculding chemical fertilizer and farm machinery, are also increased.So the peasants don't benefit as the goverment promised at all.

20% is huge! In the states, our incomes aren't going up and many are going down. The price of things keeps going up, With cost of living going up and noone's income going up, we'll all be street people at this rate.

When the cost of services go up and taxes go up to pay for those services then the budget is going to get cut somewhere. People will lose their jobs but they will have to rely on the government to help them out. Where does that money come from? It comes from tax payers and government subsidies.

Food prices here in North America are going up as well , and soon things that we all take for granite will cost more than a vast majority of us can afford within just a few more years.I feel that inflation will happen worldwide soon and will escalate into hyperinflation and result in a total devaluation of all the worlds currency.The best defense from all of this is to get off of the grid and become self sufficient without drawing any power or water from the central cities of the globe.Electric companies will drive up rates ,same goes for power and everything else consumed by the masses.I myself am preparing for a total collapse and think everyone should take the waring signs seriously as it is better to be save then sorry when it comes to things like total societal breakdown.I got some of my thoughts from 2012 sites and the such and the info wars site hosted by Alex Jones .Call me crazy, but id rather be crazy then wrong then a misinformed and average citizen totally in the dark about all this and have it all come true.