Current Affairs Cost of living…

[woomy]

Every day I drive past Tesco superstore. I take note of the petrol price.

Last month it hovered around 143.9-145.9 per litre. Then it suddenly dropped to 141.9..

However last week tues/wed it jumped to 144.9. then the next day jumper to 149.9. Which it still is today.

Why on earth has the price suddenly jumped again? Have OPEC restricted output to make the price rise again? Its an absolute disgrace that they can control the prices like this.

I believe that is exactly what they have done, to keep prices higher.

Its all BS. They are literally admitting, we are gonna produce less, so we can charge more. Its not like they don't have billions/trillions of barrels of the stuff in storage anyway.

It's almost like it has been decided by nig business/government to take every last penny that we have

 

[Tramps_mate]

I believe that is exactly what they have done, to keep prices higher.

Its all BS. They are literally admitting, we are gonna produce less, so we can charge more. Its not like they don't have billions/trillions of barrels of the stuff in storage anyway.

It's almost like it has been decided by nig business/government to take every last penny that we have

We could easily power electric cars world wide with (safe) mini nuclear reactors being built. But they wont/don't. Because we'll stop buying their oil..

We could replace all fossils fuel needs with electric equivalents. With clean nuclear energy. But we wont.

 

[Rita_Poon]

Regulator slightly drops cost cap per unit for gas and electricity.
Energy companies absorb the drop by upping the standing charge.

Third world britain. 'the greatest burden on those with the widest shoulders'. Yeah!

 

[ClausThomsen]

Every day I drive past Tesco superstore. I take note of the petrol price.

Last month it hovered around 143.9-145.9 per litre. Then it suddenly dropped to 141.9..

However last week tues/wed it jumped to 144.9. then the next day jumper to 149.9. Which it still is today.

Why on earth has the price suddenly jumped again? Have OPEC restricted output to make the price rise again? Its an absolute disgrace that they can control the prices like this.

Gotta pay Neymar, Ronaldo, Henderson, Gerrard and the rest somehow.

 

[Kurt.]

Every day I drive past Tesco superstore. I take note of the petrol price.

Last month it hovered around 143.9-145.9 per litre. Then it suddenly dropped to 141.9..

However last week tues/wed it jumped to 144.9. then the next day jumper to 149.9. Which it still is today.

Why on earth has the price suddenly jumped again? Have OPEC restricted output to make the price rise again? Its an absolute disgrace that they can control the prices like this.

I paid £1.61 a litre in Tesco in Welshpool yesterday, it was £1.47 in Tesco in Porthmadog last night . How can they justify that ?

 

[Daveysgingerlovechild]

Every day I drive past Tesco superstore. I take note of the petrol price.

Last month it hovered around 143.9-145.9 per litre. Then it suddenly dropped to 141.9..

However last week tues/wed it jumped to 144.9. then the next day jumper to 149.9. Which it still is today.

Why on earth has the price suddenly jumped again? Have OPEC restricted output to make the price rise again? Its an absolute disgrace that they can control the prices like this.

Pretty much your final paragraph.

Opec+ decided on cutting oil production some time, so my assumption is we are seeing that effect now

OPEC+ announces surprise oil output cuts

Oil prices last month fell towards $70 a barrel on concern that the global banking crisis would hit demand. Still, further action by OPEC+ to support the market was not expected as crude recovered toward $80.

www.reuters.com

 

[Tramps_mate]

I paid £1.61 a litre in Tesco in Welshpool yesterday, it was £1.47 in Tesco in Porthmadog last night . How can they justify that ?

Its criminal! Inflation decreasing will be slower because of fuel prices rising.

Its a total con all of it. The government's and big businesses screw us all!!

 

[DualityNSNO]

We could easily power electric cars world wide with (safe) mini nuclear reactors being built. But they wont/don't. Because we'll stop buying their oil..

We could replace all fossils fuel needs with electric equivalents. With clean nuclear energy. But we wont.

They're way too good/efficient energy sources for (basically) Big Oil to like or want to be honest.

All corrupt business areas (and governments) shut down nuclear instantly because it's honestly too good. We (Bulgaria) have shut down almost all of our reactors in the giant NPP - even with that in mind we can probably meet and surpass the energy needs using just that.

Instead of doing that, we keep shutting it down and using it less, while importing more fossil fuels (and buying electricity, hilariously) because someone's making a quick and big buck out of it.

Anyway, I did a drive to back home the other day and noticed something quite sad - diesel premium when I filled up the car on Monday was apparently 2.95 BGN per litre in the capital here, while on Sunday in my much smaller hometown it was 3.14 BGN, both at Shell, so it's not like some small place or something. It was the same price along the highway and back in Sofia. I'm lucky in that I no longer drive a Jeep so the economy is there for me to find it feasible but if I had to do a full tank for a bigger car... sheesh. I wanted to go electric but we don't have the infrastructure for it yet, but it doesn't seem so surprising anymore that I see a lot more EVs and hybrids around.

 

[Baines' left foot]

I think we're going to have another recession soon. Some of the experts are stating the slowdown in the private sector is having a noticeable effect.

I can only speak for my industry, and construction is always the first to feel the pinch, but all the Facebook pages for bricklayers etc. are flooded with people begging for work and people replying saying we're all in the same boat. Grim reading and it must be similar accross all trades due to housebuilders slowing down. Feels just like 2008.

Interest rate have fallen slightly but aren't expected to drop again until 2025.

What a mess.

 

[COYBL25]

I think we're going to have another recession soon. Some of the experts are stating the slowdown in the private sector is having a noticeable effect.

I can only speak for my industry, and construction is always the first to feel the pinch, but all the Facebook pages for bricklayers etc. are flooded with people begging for work and people replying saying we're all in the same boat. Grim reading and it must be similar accross all trades due to housebuilders slowing down. Feels just like 2008.

Interest rate have fallen slightly but aren't expected to drop again until 2025.

What a mess.

The problem with the trades ( and I`m not having a go here, as a lot of my mates are on the tools ) is that during the pandemic, a lot of them kicked the arse out of it and made silly money, due to people not being able to go anywhere and spending the likes of their holiday money on the house / garden instead.

There`s always a bubble that bursts and we`re in it now.

The lads who were sensible and experienced knew this, didn`t kick the arse of it, treated their customers with respect and put money away.

They`ve still got their customers, where as the customers of the billy big boots, who were charging day rates of 200 and more a day, havent been forgotten by people and are now struggling.

 

[Baines' left foot]

The problem with the trades ( and I`m not having a go here, as a lot of my mates are on the tools ) is that during the pandemic, a lot of them kicked the arse out of it and made silly money, due to people not being able to go anywhere and spending the likes of their holiday money on the house / garden instead.

There`s always a bubble that bursts and we`re in it now.

The lads who were sensible and experienced knew this, didn`t kick the arse of it, treated their customers with respect and put money away.

They`ve still got their customers, where as the customers of the billy big boots, who were charging day rates of 200 and more a day, havent been forgotten by people and are now struggling.

I agree to an extent. The government messed up and poured so out much money which caused the huge boom in the amount of chancers operating as builders. Everyone had more money than sense and it is absolutely a major factor in our current economic state.

This isn't neccessarily aimed at you, but there seems to be a feeling in society that builders earn too much money. Builders wages have continuously improved, partly because of the demand and the ever shrinking workforce, but also because public sector and in a lot of industries pay has stagnated. We've been conditioned to believe that certain professions earn too much. I don't believe it's entirely coincidental and I think it's part of the whole divide and conquer ethos. Make the lower working class hate the upper working class and you're halfway there.

£200 a day for a self employed tradesman with a van and their own tools is on the low side if anything. I was getting £100 a day for private work as an apprentice in 2007, and last year with a subby for £160 a day, but all I needed was a bucket of tools. When you're on your own and you have to go out and find your own work, spend hours in the evening assembling quotes, researching tools and materials etc. it's a lot harder than just clocking in and out of a big site. I buy new tools every week with the aim of continuously improving. I spent over £3k on tools last year and £7k on my van. You have to invest a good chunk of money to get anywhere.

Not to mention the industry is so delicately poised and easily affected by economic pressures.

 

[Bob Latchford]

That's not too bad a rate currently.. If you don't mind me asking what was your LTV ratio for that?

I'm remortgaging in about 15 months.. But I'm hoping my LTV will 50-60%..

Hey mate

Really sorry I missed this:

We bought around 12 years ago. House was only 117k 3 bedroom semi detached in NI. Worth close to 170k now apparently. We have around a 50% LTV. Payments were around 550 pm and are now 620pm - we were paying £650 pm with the surplus accruing in a current account for a rainy day.

During covid we sat down and just sorted everything out and we have a really good system now for spending, saving and investing.

We touched lucky enough with that 4% and had no hesitation taking it over 5 years. We have our loan through Danske Bank.

Happy to discuss anything else. Again, sorry for the delay!

 

[Tramps_mate]

I think we're going to have another recession soon. Some of the experts are stating the slowdown in the private sector is having a noticeable effect.

I can only speak for my industry, and construction is always the first to feel the pinch, but all the Facebook pages for bricklayers etc. are flooded with people begging for work and people replying saying we're all in the same boat. Grim reading and it must be similar accross all trades due to housebuilders slowing down. Feels just like 2008.

Interest rate have fallen slightly but aren't expected to drop again until 2025.

What a mess.

In a way it does, but then the Government use massive infrastructure projects to pull us back out of recession. i.e. HS2. It put a HUGE amount of money into the economy. If you look into HS2 and the companies and amount of staff and jobs that were supported by it the numbers are staggering.

 

[Tramps_mate]

Hey mate

Really sorry I missed this:

We bought around 12 years ago. House was only 117k 3 bedroom semi detached in NI. Worth close to 170k now apparently. We have around a 50% LTV. Payments were around 550 pm and are now 620pm - we were paying £650 pm with the surplus accruing in a current account for a rainy day.

During covid we sat down and just sorted everything out and we have a really good system now for spending, saving and investing.

We touched lucky enough with that 4% and had no hesitation taking it over 5 years. We have our loan through Danske Bank.

Happy to discuss anything else. Again, sorry for the delay!

That's good to hear that you got a decent rate!

If I re-mortgaged today my payment would go from £712 to around £940 ish.. Rates are around 6.1% or so..

 

[Bob Latchford]

That's good to hear that you got a decent rate!

If I re-mortgaged today my payment would go from £712 to around £940 ish.. Rates are around 6.1% or so..

Looks like an extra 5k over 2 years or 13k over 5….. jez that’s tight.

I don’t know why Dankse were offering a rate so much under base…. We were already with Danske but it was a market offer and there were others from Yorkshire and some I can’t recall. Was just a matter of going around brokers and comparing as much of the market as possible.

I hope you get sorted out