Throwback to June 2022
Over the past year, inflation has increased by a substantial amount in the last year alone. It’s never increased this quickly, or gone this high, in the past decade. The UK’s last official recession ended in mid-2009. Just a decade later and we’re back to it.
But, this recession is going to hit worse.
The 2008-2009 recession saw an inflation rate of 5%. This was enough to put many people out of their homes, it caused a lot of people to lose their jobs, and a lot of people to lose their lives. Sadly, this recession is seeing a 9% inflation. With the energy bills going from an average of £95 a month to £250 a month, people are once again having to choose between heating their houses and eating.
In the last recession, we saw an increase in suicide, from 8.2 people in 100,000 in Jan-Mar 2008 to 9.1 people in 100,000 in Jan-Mar 2009. That’s an increase of 104 people dying by suicide before the recession started to the middle of the recession.
The first quarter (Jan-Mar) of 2021, when the inflation began, saw 10.4 people in 100,000 die via suicide. The trend is on the up, and with the current inflation and a looming recession, I suspect this number is going to skyrocket.
The government has been too slow to act, putting the Windfall tax in way too late and this is now going to cause more people to take their lives because of money trouble.
All we’re going to be able to do is try and support each other the best we can. So, if you see someone struggling, offer them a hand. Talk to them, and tell them where they can seek help.
If you end up in so much debt that you don’t think you’re going to be able to clear it, get debt help. They can help with electricity arrears, too.
If you’re struggling to pay everything, make sure to cover your essentials. Pay your mortgage, pay your power bill, and buy food. It’s easier said than done, I know. But if you can afford those, at least, you’re less likely to lose your house.
If you need help with your debts, you can seek assistance from Citizen’s Advice. Don’t be ashamed, don’t feel embarrassed. This is going to hit everyone hard, and you don’t have to go through it alone.
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