A Labour MP was slated recently after calling people in the UK ‘bloody miserable’ adding that people these days were wealthier than ever. This is despite the fact that bills, food prices, and petrol costs have been soaring, credit conditions have become far tighter due to the global credit crunch, and many people are facing repossession because they cannot afford their mortgage repayments. Even though many households are struggling to make ends meet financially due to the current financial climate, Transport Minister, Tom Harris, described them as being miserable.

Harris said: ‘In our own country today, despite the recent credit squeeze, our citizens have never been so wealthy. High-def TVs fly off the shelves at Tesco quicker than they can be imported. Whatever the latest technological innovation, most people can treat themselves to it. Eating out – a rare treat when I was a child in the Seventies – is as commonplace as going shopping. And when we do go shopping, whether for groceries or for clothes, we spend money in quantities that would have made our parents gasp.’

He went on to state: ‘There are more two-car homes in Britain today than there are homes without a car at all. We live longer, eat healthier (if we choose), have better access to forms of entertainment never imagined a generation ago (satellite TV, DVD, computer games), the majority of us have fast access to the worldwide web, which we use to enable even more spending and for entertainment.’

However, an official from the Treasury said: ‘Tom Harris’s breathtaking comments raise Labour’s arrogance and complacency to a whole new level. Like his boss, Gordon Brown, he clearly lives on a different planet from ordinary hard-working families – who are struggling with soaring living costs, stagnant earnings and falling house prices. The short answer to Mr Harris’s question asking why everyone is so miserable is, “Because we’ve got Gordon Brown as our Prime Minister”.’

Recent additions:

• House price predictions changed by Halifax
• Getting a financial adviser to help you find a mortgage
• Making the most of a consolidation loan
• House prices have plummeted since last year
• Should you take a secured loan or an unsecured loan?

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