Is The Economy in Crisis!

Not my usual Blog entry but important all the same, are we in the UK nearing a recession? Are our pounds buying less and less? I for one as a full time Student and single parent off three,am feeling the crunch,from Oil prices spiralling out of control and on an equal lever food prices all so.Will it get any better and how long will it take? some say one year others believe two years. Winter is here. The little squirrels look to their hoard of nuts to see them through the cold times. But what’s this? The sorry squirrels of North America hunt around…where are the nuts? Uh oh…they forgot to put any away!

Families have been warned that the prices of basic foods will rise steeply again because of acute shortages in commodity markets.Experts said yesterday that prices of rice, wheat and vegetable oil would rise further. They also forecast that high prices and shortages — which have caused riots in developing countries such as Bangladesh and Haiti — were here to stay, and that the days of cheap produce would not return. Food-price inflation has already pushed up a typical family’s weekly shopping bill by 15 per cent in a year. Rises in Oil,Food,Gas,Electricity are here to stay for the foreseeable future at least. How will a typical Family cope will we survive this global yes global crisis.

Vince Cable, the Liberal Democrats’ Treasury spokesman, said: “Rising food bills will hit families already struggling to keep their heads above water following big rises to many utility bills.
“The Government must show more urgency in ensuring the current world talks on agricultural trade no longer drift hopelessly because of a lack of political will.”
The United Nations Food Agency said that rising food prices threatened to plunge 100 million people across the world into hunger.
Josette Sheeran, head of the UN’s World Food Programme, said before yesterday’s meeting: “This is the new face of hunger — the millions of people who were not in the urgent hunger category six months ago but now are.”