British media: After the cost of life has soared, the British love to spend cash again

[Global Times Comprehensive Report] As the cost of life soared, the British returned to use cash to strictly control the expenditure.

According to the BBC report on the 8th, in July, the British Post Office deposited and withdrawn a total of 3.32 billion pounds, an increase of 100 million over June. The total amount of personal cash extraction was 801 million pounds, an increase of nearly 8%month -on -month, and a year -on -year increase of more than 20%. This is also the highest amount of personal cash withdrawal over the past five years in the UK.

It is reported that the price increase is the fastest year in 40 years. Natalie Chenney, chairman of the British Cash Trading Association, pointed out that the use of cash payment indicates that people are "counting the stools" when the price is soaring, because credit card payment can easily lead to overdraft. "For more than ten years, British cash payment has been decreasing year by year, and the new crown pneumonia epidemic has accelerated this trend. But now the cash payment has a trend of recovery, which is definitely because of the crisis of life cost." "If you only have 30 a week, you only have 30 a week. The pound, so store it in the form of banknotes and coins is the most effective way to control expenditure. "

In addition, more and more British people intend to have a domestic vacation, which is also a reason for the increase in cash extraction business. According to the British Post Office, 71%of the British plans to bring cash in China.

The cost of living in the UK has made children less weight. The British "Guardian" reported on the 8th that as the people's "living cost crisis" continued, 1/3 parents cut pocket money to their children. Data show that the average pocket money received from parents under the age of 16 this year has fallen from pounds 6.48 in 2021 to £ 4.99, and the number has also set the lowest record since 2001.

The survey shows that the proportion of parents who spend pocket money for children is 2/5, of which 1/3 of them will pay pocket money by letting their children participate in housework. In addition, half of the parents expressed their willingness to sacrifice and reduce their own entertainment and leisure consumption to ensure their children's lives. There are even 2/5 that they will not spend money on their hobbies anymore.

The British inflation rate soared to 9.4%in June this year, a new high of nearly 40 years. Bank of England also announced last week that the inflation rate is expected to increase to 13%in October this year, and the duration of economic recession may exceed one year. (Li Xin Zhen Xiang)

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