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Tuesday, August 19, 2008
Catherine Deshayes
Britain's country villages are facing the brunt of prices increases, making that rural dream more expensive than living in the city
Escaping the rat race and moving to a house in the country is a common dream.
However, recent research from MoneySupermarket.com has shown that longer commutes to work, remoteness from supermarkets and a reliance on oil heating have all placed huge financial pressure on countryside residents.
Britain's
country villages have been most affected by price increases, as oil and food
prices have risen sharply due to the credit crunch.
Clare Francis of MoneySupermarket, says, "Over five million households without
gas are paying double what they were last year to heat their homes.
"This urban-rural divide, sadly, also extends to two of the other essentials of
life - food and petrol or diesel.
"Having to travel up to 20 miles to the nearest supermarket typically adds £6
in fuel costs, so villagers are increasingly relying on the corner store.
"Of course, these shops can't buy in bulk like the major supermarkets so they
have to charge more and they can't offer the same range of foods either," added
Ms Francis.
Rising mortgage costs and the fall in availability of credit have also had an
impact on rural life, although this has also been felt in urban areas.
"Reducing interest rates has done nothing to help homeowners - in fact mortgage
rates have been going up despite the cuts. We are looking at rural ruin as
prices soar," Ms Francis went on to say.
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