I was reading today that food prices in
Now I’m a pensioner (only because I took my BT pension early I hasten to add), things are different. OK the BT pension is raised each year but probably not by 6.6%. My other pension (a BT AVC) does not rise at all (my choice) so this time next year I’ll be on deep-fried Bonios and Gravy for dinner….if I can afford the gravy that is. So whilst I sit and bemoan this inflation thing, it pales into insignificance when compared to the exchange rate movements between the Euro and the Pound.
When I arrived in
The exchange rate is now about 1.25 Euros to the Pound and that movement has happened within the last 12 months, so in effect I’ve taken an 11% salary cut since last year when the rate was 1.40.
Now I know what you’re all saying – he chose his bed so let him lie in it but I’m now a pensioner and everybody loves pensioners. They worry about them – are they being fed enough? Are they warm enough? I now spend my time working out when I’ll get my ‘winter heating allowance’ (yes – you get the money out here as well despite the fact that you can sunbathe on Boxing Day) and then I’ll get my State Pension (yes – you get that out here too) and then, hopefully, the Pound will have risen against the Euro and I might actually get a ‘pay’ rise. The temptation, is of course, to transfer everything you’ve got in the UK into Euros and then forget about it but, ever the optimist, I fully expect the new Conservative government in 2010 to sort things out, the pound will rise and I’ll be a happy pensioner until some bright spark in the government wonders why they are paying the winter heating allowance to Brits on the Cote d’Azure……and stops it.