Mad I saw this on LinkedIn this afternoon. That place is an extension of Twitter these days
Current Affairs Cost of living…
- Thread starter peteblue
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grandjoeblue
Player Valuation: £35m
Britons ‘need to accept’ they’re poorer, says Bank of England economist
Chief economist Huw Pill says workers and firms should stop trying to pass on rising costs by hiking prices or demanding better wages
Interesting comments from this Bank of England Economist. Since 2008 hasn't exactly been a great period for a lot of people either.
Some belter posts on LI. Surprised there isn’t a thread about it on here.
NilSatisOptimum
Player Valuation: £70m
The huge worry for me over Brexit and the Conservatives is they want to turn Britain into another China/India.....Work to live, live in cages, live in slums, get paid peanuts and be grateful. Why else do they want to get rid of unions and do away with human rights act.
NilSatisOptimum
Player Valuation: £70m
Excellent optic from the ruling elite, shut up and know your place.
news.sky.com
People urged by Bank of England economist to 'accept' being poorer
Huw Pill said people and businesses have responded to higher bills by asking for higher wages or charging their customers more money - and has warned both risk stoking inflation further.
news.sky.com
NilSatisOptimum
Player Valuation: £70m
Makes you proud...
www.bbc.co.uk
Record number of people relying on food donations
More than one million emergency food parcels for children were handed out to children in the past year.
www.bbc.co.uk
What goes around comes around...Makes you proud...
Record number of people relying on food donations
More than one million emergency food parcels for children were handed out to children in the past year.
"I took my bag into a grocer’s store
The price is higher than the time before
Old man asked me “Why is it more?" - Paul MacCartney / Wings 1974.
Thought I'd share this from: https://www.telegraph.co.uk/money/high-earners-bank-of-england-income-tax-rate-drop/
"When I saw the news that the point at which the 45p income tax rate kicks in is falling to £125,140, I had to laugh. By a whisker, it raises me into the lofty realms of the country’s wealthy elite – which is a very long way indeed from how I feel.
I may earn good money in my senior job in recruitment, but the moment it hits my account, that money immediately disappears. It certainly doesn’t go on extravagances. I get my hair cut and coloured every three months, but my clothes are high street and our weekly shop is from Asda. We take one bucket-and-spade family holiday a year, last year it was in Tenerife – lovely for the children, but hardly the Maldives.
feels like a kick in the teeth.
The other bills stack up, too. I pay £800 per month into my pension; energy bills are now around £300 per month; council tax is £255. Travelling by train into London to go to the office two or three days a week costs hundreds more every month. With food prices that constantly go up, phone, broadband, subscriptions for Netflix and Disney+ – I feel overwhelmed by it all.
Recently, we’ve been looking for ways to economise because having nothing left at the end of the month makes me anxious and stressed. We gave up our cleaner last year to save £45 a week and now do the cleaning ourselves. I no longer have a gym membership. We’re now considering moving up north, where I’m originally from, in the hope that we could buy a less expensive house and enjoy a better lifestyle in return for all our hard work."
Personally I don't have too much sympathy for a high earning Telegraph reader crying because they can't afford to keep up with the Jones'. Seems pretty entitled to me.
"When I saw the news that the point at which the 45p income tax rate kicks in is falling to £125,140, I had to laugh. By a whisker, it raises me into the lofty realms of the country’s wealthy elite – which is a very long way indeed from how I feel.
I may earn good money in my senior job in recruitment, but the moment it hits my account, that money immediately disappears. It certainly doesn’t go on extravagances. I get my hair cut and coloured every three months, but my clothes are high street and our weekly shop is from Asda. We take one bucket-and-spade family holiday a year, last year it was in Tenerife – lovely for the children, but hardly the Maldives.
feels like a kick in the teeth.
The other bills stack up, too. I pay £800 per month into my pension; energy bills are now around £300 per month; council tax is £255. Travelling by train into London to go to the office two or three days a week costs hundreds more every month. With food prices that constantly go up, phone, broadband, subscriptions for Netflix and Disney+ – I feel overwhelmed by it all.
Recently, we’ve been looking for ways to economise because having nothing left at the end of the month makes me anxious and stressed. We gave up our cleaner last year to save £45 a week and now do the cleaning ourselves. I no longer have a gym membership. We’re now considering moving up north, where I’m originally from, in the hope that we could buy a less expensive house and enjoy a better lifestyle in return for all our hard work."
Personally I don't have too much sympathy for a high earning Telegraph reader crying because they can't afford to keep up with the Jones'. Seems pretty entitled to me.
FrenchDarrenBent
Player Valuation: £20m
Wait until the kids go to Uni. It'll be a bucket & spade holiday to Hull.
No cleaner …. Oh the hardship
I'm also very proud that she manages to nor resent her husband for only earning £50k per annum. Wife of the year.
And only a measly £800 a month going into her pension pot…. How will she ever survive past 60
FrenchDarrenBent
Player Valuation: £20m
The most interesting question is: how is that cleaner coping? Probably working for 15 quid an hour and living in the same area.
You do get a lot of chips
Very good point. Probably claiming sone form of state support to supplement that income too.
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