Since this is also related to higher energy prices, do you think the invasion on Ukraine is also a contributing factor? Although if that were the case, we’d also see as high of inflation in other European countries?
That's definitely a contributor, but, as you say, it's generally worse in the UK than in other large European countries. This whole thing is a bit of a perfect storm for the UK.
I'm curious, do we actually have higher taxes than most other countries and if so in which specific areas?
Personally a well paid individual no dependants I find the Tory focus on cutting taxes ridiculous but I'm aware I'm ignorant of how we compare to other countries.
I think this sums up the UK: European style taxes, US Style public services.
Cynicism aside for a minute, I think we have a real issue in the UK with a diminishing tax base: fewer and fewer people contribute and they have to contribute more and more of their incomes and everyone gets less and less services.
Hmm I'm not sure it's fair to consider student loan repayment a tax. It's limited and many people will pay it off fast. I presume you're based in London if you're on £95k and still have outstanding student loads?
Moving to a European country with less industry and a moderate climate closer to the Med would blunt energy costs for someone (lower energy demand = less energy spend).