Saving for a (very) rainy day
Posted on: 24th March 2015
Some readers will remember - with a shudder- the rapid inflation experienced by the UK during the 1970s. At one point the annual rate was over 25%. I guessed that the roof would fall in on the British economy if inflation exceeded 30% a year. We decided to make preparations to deal with this potentially catastrophic economic event. With a bit of extra effort we would have a short-term buffer.
We prioritised heavy clothing and built up a reserve – including jeans, wellington boots, and plenty of warm woollen garments – for each member of the family. I remembered from the war that if one was warm and dry, it was possible to put up with a lot of discomfort.
We had plenty of meat around us, of course – our own animals and our wild neighbours. We bought an extra supply of cartridges for Mark to use with the shotgun. We also bought a portable energy generator. It would help us to power our deep-freeze, where we could store our eggs, milk and vegetables. Luckily, we did not face economic collapse. But it was an instructive experience to think about what would happen if it did.