More people are expected to start using charity shops and growing their own fruit and vegetables
Recent data published by the Financial Conduct Authority suggests that 7.8 million people across the UK are finding it increasingly more challenging to keep up with their household bills, a rise of around 2.5 million since 2020. The research shows that one in four UK adults are in financial difficulty or believe they could quickly find themselves in difficulty if an unexpected cash emergency popped up.
So, what does this mean? According to Dr Fletcher, the outlook for 2023 isn’t all doom and gloom with some longer term benefits to look forward to as we navigate the squeeze. He continued: “We’ll really start to see the sentiment towards charity shops shift considerably too during these trying times we’ve found ourselves, with this once stigmatised form of shopping becoming fashionable again because it’s the right thing to do from both a spend reduction and sustainability standpoint.
“We’ll see the entrepreneurial spirit among Britons really accelerate, with a trend in people starting their own businesses from the comfort of their own home. After all, warming and lighting one building is better than paying for two.” “Community scale energy generation and producing energy locally to use locally is another possibility we could see the UK Government explore. Cost has traditionally been a big sticking point, however, as we continue on our road to net zero by 2050, eyes are really being opened to the possibility of this.”
Financial help in Scotland 5. Increased appeal of electric vehicles Vehicle-to-grid reverse charging is a potential unexpected benefit for Electric Vehicle homeowners, predicts Dr Fletcher.
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