Many don’t feel Britain’s booming economy

Incomes are rising, inflation is low and on paper the British economy is booming, but many people say their record debt and high bills tell another story.

British economists say major increases in the price of gas, electricity and taxes in the past few years have been accompanied by drops in the cost of food, clothing, vacations, cars and electronics.

The economists explain that it’s human nature to notice the bills that go up, but not the ones that go down, the Daily Telegraph reported Saturday.

irishsun