Cost of living crisis

[Samba]

Now, the S. Yorks Police at the time.......

Decent blokes?

[Hummer_I_mean_Hammer]

I must admit, I've spent my life travelling by train. Looking back, I can tell you that the times that I've been arsey with the workers have been because of one of two things:-

1. Their trains are too expensive (not their fault)
2. My own mistakes in buying the wrong ticket/missing a train etc (not their fault)

I'm a pretty laid back chap, but I can think of a few times when I've laid into workers because of both those things, and I imagine they're getting that all day long from people.

It's a thankless task, but I've had far more positive experiences with staff than negative ones. I'm absolutely on their side.

Sorry mate, I find it hard to believe that you'd lose your rag. I think I'll sit down for a while.

[Francoisvander or else]

Nice to see the that whilst the public sector are being expected to do their bit to keep inflation under control PWC feel their staff deserve a decent pay rise (good for them by the way) https://www.bbc.co.uk/news/business-61941595

[Danny's Dyer Acting]

Good for those that need it

I expect to hear a government minister or the governor of the BoE speaking out against it tomorrow though. What's good for the goose...

[smuts]

Good for those that need it

I expect to hear a government minister or the governor of the BoE speaking out against it tomorrow though. What's good for the goose...

Come on, you know pay restraint is only expected of Nurses, Teachers etc not those in corporate finance which is much more important to governments.

[sendô]

As we all know, it isn't public sector pay or pay rises for the average worker that is driving inflation. It's fuel costs and food costs primarily. In the great game, this is just another opportunity for the ruling class to drive down wages for the working classes. After all, you don't see government ministers on the morning news advising for pay restraint against shareholder dividends or bonuses for FTSE 100 company directors etc.

If they really wanted to drive down inflation, instead of raising interest rates so that mortgage costs go up by about £100pm for most (more income for the banks - funny how that works out isn't it) they could cut exercise duty on fuel. Or better yet, cut VAT on petrol/diesel. Plus electricity and gas.

Except they don't just want to drive down inflation. They don't care if the working classes have to suffer vastly increased costs in basic necessities as long as it doesn't affect their election chances.

[RichieRiv]

more income for the banks - funny how that works out isn't it

Increased revenue does not lead to increased profits especially not in the case. More often than not mortgages from banks are as a result of they themselves borrowing money from the markets. When the base rate increases, typically LIBOR (currently being phased out for SONIA) also increases. If the price at which they borrow increases then that needs to be passed on. The margin remains the same.

It's funny though as when rates were on the slide and all those on trackers had an extra few quid in their pocket, no one complained and no one cared about those prudent people who elected to save their money.
.
It's also incorrect to apportion high inflation solely at fuel costs. It is a factor, a pretty big one, but so is printing billions of pounds of cash to pay for covid. Printing money, devalues your currency. Devalution occurs through inflation.

That's the true cost of furlough and of course the war in Ukraine. Unfortunately yellow and blue pin pages, flags, stand with Ukraine hashtags and all the other soppy virtual signalling costs money. Fine if you can afford it of course.

[sendô]

Increased revenue does not lead to increased profits especially not in the case. More often than not mortgages from banks are as a result of they themselves borrowing money from the markets. When the base rate increases, typically LIBOR (currently being phased out for SONIA) also increases. If the price at which they borrow increases then that needs to be passed on. The margin remains the same.

Mate, you know as well as I do that the banks will not be losing money one way or another, and at any rate someone somewhere will be coining it in.

It's funny though as when rates were on the slide and all those on trackers had an extra few quid in their pocket, no one complained and no one cared about those prudent people who elected to save their money.

How do you know that the people on trackers were not one and the same people with savings in the bank? What makes you so certain that "no-one cared"?

It's also incorrect to apportion high inflation solely at fuel costs. It is a factor, a pretty big one, but so is printing billions of pounds of cash to pay for covid. Printing money, devalues your currency. Devalution occurs through inflation.

I didn't say fuel costs was solely to blame, I said "It's fuel costs and food costs primarily". There are always multiple factors involved with economics, and I was one of few people criticising the ongoing lockdowns and furloughs in the face of a virus that posed negligible risk to the majority of the population due to the high costs.

That's the true cost of furlough and of course the war in Ukraine. Unfortunately yellow and blue pin pages, flags, stand with Ukraine hashtags and all the other soppy virtual signalling costs money. Fine if you can afford it of course.

The primary cost of the war in Ukraine at the moment is it's impact on food prices. Although I agree re virtue signalling.

[RichieRiv]

Mate, you know as well as I do that the banks will not be losing money one way or another, and at any rate someone somewhere will be coining it in.

So banks can't lose whichever way rates go, so why the vitriol now they are going up and why is banks making money a bad thing? Or are we back in 2009?

How do you know that the people on trackers were not one and the same people with savings in the bank? What makes you so certain that "no-one cared"?

Because the biggest savers in our society are those who are mortgage free. Mainly the baby boomers everyone hates. Those less like to save are those in their 20s and 30s who have never known anything else. Even anecdotally i know those earning 6 figures with not even 1 month of salary as a buffer.

I didn't say fuel costs was solely to blame, I said "It's fuel costs and food costs primarily". There are always multiple factors involved with economics, and I was one of few people criticising the ongoing lockdowns and furloughs in the face of a virus that posed negligible risk to the majority of the population due to the high costs.

I agree with you. In fact we were both saying that we would be paying the price economically. And here we are. Personally I believe our ability to stave off the cost living issues would have been far easier if they hadn't ****ed up covid measures.

The primary cost of the war in Ukraine at the moment is it's impact on food prices. Although I agree re virtue signalling.

It can only go so far. The question is how much will Joe Public put up with to #standwithukraine ? 3 quid a litre at the pumps?

[Danny's Dyer Acting]

Fire Brigade Union recommending their members reject the latest pay offer that's been put to them.

If anyone thinks the attacks from the government went overboard with the RMT then they ain't not seen nothing yet....

[mumbles87]

Fire Brigade Union recommending their members reject the latest pay offer that's been put to them.

If anyone thinks the attacks from the government went overboard with the RMT then they ain't not seen nothing yet....

Been a long time since a fire service strike

Do we still have the green goddesses?

I expect the usual suspects will jump all over this saying they shouldn't strike and should accept being shafted

[Prob]

Criminal barristers are out this week. Getting attacked by the usual suspects. Despite the fact most criminal barrister earn less than min wage.

Post are out on strike on the 11th

Fire service likely to go on strike

Junior Drs are looking to strike

The rest of the NHS is likely to strike

The rail unions will strike again


If the Armed services and the police could strike they would be out to. All those flag shagging Tory MPs who cared about veterans day to attack the strike have gone very quiet on support for veterans and pay for serving members.
12 years of Tory government has got us here. 12 years of Tory governments sticking two fingers up at working people and divided them to attack each other.

Good news for Tory supporters the government has banned protests.

[Danny's Dyer Acting]

Criminal barristers are out this week. Getting attacked by the usual suspects. Despite the fact most criminal barrister earn less than min wage.

That's not quite true and not what they're saying themselves. No need to follow Raab's lead and go overboard.

It's large numbers of juniors that are earning under minimum wage, about £12,000 a year for a lot of them.

[delbert]

If the Armed services and the police could strike they would be out to. All those flag shagging Tory MPs who cared about veterans day to attack the strike have gone very quiet on support for veterans and pay for serving members.
12 years of Tory government has got us here. 12 years of Tory governments sticking two fingers up at working people and divided them to attack each other.

Good news for Tory supporters the government has banned protests.

They wouldn't, don't get me wrong they ain't happy, but they wouldn't strike.

The sneering middle class left can take a hand in that too.

They haven't.

[SammyLeeWasOffside]

That's not quite true and not what they're saying themselves. No need to follow Raab's lead and go overboard.

It's large numbers of juniors that are earning under minimum wage, about £12,000 a year for a lot of them.

Also they are self employed so minimum wage is irrelevant unless we are talking about guaranteed income for all self employed people.

[sendô]

The sneering middle class left can take a hand in that too.

What does this even mean?

Did someone else other than the current government ban protesting?

[delbert]

What does this even mean?

Did someone else other than the current government ban protesting?

That was in answer to the claims of Tories dividing the working classes, my argument being that it's not only the Tories that have done that but the middle class socialists such as Corbyn et al.

They haven't banned protesting:

https://www.gov.uk/government/publicati ... -factsheet

[sendô]

Oh but our freedom loving Home Sec is trying her level best to make it as hard as humanly possible to do though.

[Tenbury]

NO PROTESTIN.

[Prob]

They wouldn't, don't get me wrong they ain't happy, but they wouldn't strike.

The sneering middle class left can take a hand in that too.

They haven't.

Nothing to do with the middle classes at all. What you will find is the self-proclaimed working class have done more to harm those at the bottom then anything.

Considering any person who owns there own home would be classed as middle class.


They have banned protest. You can face a 10 years inside now for a protest. Gold and Sullivan would have loved this new law a few years ago.