Hornet3d
Wise
It has been a tortuous journey so far, but I guess we have reached a point where we might be able to live with Covid. The size of the damage done is only just beginning to become clear and it looks as though it will be a while before we find the brave new world. Here in the UK the cases of Covid are rising as are hospital admissions but at least the death rate is much reduced. That said the waiting list for serious operations is so long it will take years to clear, if ever, and the National Health Service is wondering just how it will cope with the expected workload due to the flu cases expected in the coming months.
Of course, this is not the only impact of the pandemic as the true financial cost are becoming clear, not helped of course by the war in the Ukraine. Gas and electricity costs have already doubled and look to keep rising at a pace. There has been some government support for the next six months and after that who knows. We also have a political cost to pay and, while I do not want to delve too deeply, I think any party/country that has their leader resign after taking over just 44 days ago would be regarded by most as being in trouble. End result is that the markets are not confident and have reacted resulting in the value of the pound dropping against the dollar with some predicting parity in the near future. Mortgage rates are going up and many who have a fixed term mortgage are finding they have to pay hundreds of pounds more each month or lose their homes.
Personally, my wife and I are protected somewhat in that we have no mortgage, and the extra energy cost will not hit us until August of next year when our fixed rate energy agreement comes to an end. We have purchased some portable battery power packs as there are forecasts that we may have power cuts of up to three hours in the evening when power demand is high.
Thanks to the dollar pound exchange rate it is now rare for me to buy and Poser content and my computer use is much curtailed. We use the car only once a week to visit my in-laws and we incorporate a weekly shop in the same journey. So, we are fairly well protected for the time being, but we are nervous of the future as our energy cost are set to rise by something like £350 a month when our agreement ends.
Other than that, there are strikes everywhere and many people are losing their homes and relying on charity to be able to eat. Warm rooms are being set up everywhere to try and give those that cannot afford to heat their homes and place to get warm. All in all, not a good picture.
So that is the UK, but the dim future seems to be worldwide so how are things shaping up in your neck of the woods?
Of course, this is not the only impact of the pandemic as the true financial cost are becoming clear, not helped of course by the war in the Ukraine. Gas and electricity costs have already doubled and look to keep rising at a pace. There has been some government support for the next six months and after that who knows. We also have a political cost to pay and, while I do not want to delve too deeply, I think any party/country that has their leader resign after taking over just 44 days ago would be regarded by most as being in trouble. End result is that the markets are not confident and have reacted resulting in the value of the pound dropping against the dollar with some predicting parity in the near future. Mortgage rates are going up and many who have a fixed term mortgage are finding they have to pay hundreds of pounds more each month or lose their homes.
Personally, my wife and I are protected somewhat in that we have no mortgage, and the extra energy cost will not hit us until August of next year when our fixed rate energy agreement comes to an end. We have purchased some portable battery power packs as there are forecasts that we may have power cuts of up to three hours in the evening when power demand is high.
Thanks to the dollar pound exchange rate it is now rare for me to buy and Poser content and my computer use is much curtailed. We use the car only once a week to visit my in-laws and we incorporate a weekly shop in the same journey. So, we are fairly well protected for the time being, but we are nervous of the future as our energy cost are set to rise by something like £350 a month when our agreement ends.
Other than that, there are strikes everywhere and many people are losing their homes and relying on charity to be able to eat. Warm rooms are being set up everywhere to try and give those that cannot afford to heat their homes and place to get warm. All in all, not a good picture.
So that is the UK, but the dim future seems to be worldwide so how are things shaping up in your neck of the woods?