Recession biteing.

Spent a lot of time this week moving savings to long term fixed interest accounts/bonds.
Trouble is when they expire and interest rates are potentially round zero, our household income drops by about 18% which is about £3,000 per year. So thanks to the Bank of England's decision we will not be contributing towards any economic recovery. Admittedly we have just come back from a holiday in Spain, thanks to neighbours and friends letting us use their apartment for next to nothing. We had committed to flights etc a long while ago so cancelling was not a good option. Now we have no plans to take holidays in the future not even in the UK. Already clothes shop at help the aged so limits to where else we can cut back.