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know all
20 Oct 21 11:31
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Date Joined: 13 Dec 03
| Topic/replies: 3,073 | Blogger: know all's blog
talk about the goverment fiddling figures its 20%, interest rises coming

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Replies: 60
By:
The Management
When: 20 Oct 21 12:27
Inflation is just another political con-trick these days - they have a different measure to suit whichever agenda they are currently lying about.

If you need a pay rise we can use the lower measure - If they want to put your council tax up it's the higher measure.

In reality they have fiddled about and manipulated the "baskets" to the extent that none of them are a very good measure of the things that normal people actually spend their money on.
By:
Brian
When: 20 Oct 21 12:55
RPI the more accurate imo is 4.9%
By:
1st time poster
When: 20 Oct 21 13:04
its only in comparison to prices last sept, when eating out was 50% cheaper due to dish rishi eat out to help out
next months rate will be up mainly because of lecky prices this month compared to last oct
By:
dave1357
When: 20 Oct 21 13:04
its 20%

ludicrous statement. It's going to get higher but I doubt it will get that high.
By:
1st time poster
When: 20 Oct 21 13:08
inflation is based on a basket of goods bought at makers recommended prices , a model thats based on a niche vision of an average uk family
i certainly dont buy 50%  of goods in the latest inflation basket and the wife shops from shop to shop at various prices and if something suddenly spikes she,ll do without
coffee and milk latest goods expected to increase by 20% plus
By:
sageform
When: 20 Oct 21 13:25
In most cases you can consume 10% less without any hardship. My average credit card bill is still only 50% of what it was in 2019. Some things like council tax and electricity are not on that but most of our other shopping is. Just got out of the habit of spending. No new clothes or shoes for 20 months, half of the mileage on the car, cut my own hair, eating out down 90% etc.
By:
1st time poster
When: 20 Oct 21 13:29
correct sage i,d suggest millions have realised in lockdown that they dont need to spend as much as they do ,whether they carry on with that or return to normal at least shows theyve got a lot of slack in the system,
my mate always said people go out of their way to spend up to what they earn,whatever the amount is,
that bloke selling shoite steak and burgers for a grand and a tonne probably proves his point
By:
dustybin
When: 20 Oct 21 13:35
sageform
you cut your own hair? haha
My father does that but as an ex-accountant he's a certified tight arse

Do you go without washing somedays too?
(not like my father)
By:
1st time poster
When: 20 Oct 21 13:44
i mused to work with a lad who used to say great thurs today roast dinner for tea,
i used to say what do you mean great are their days when she makes things you dont like ,he said yes
LaughLaugh,
can never understand that and people experimenting with food /meals etc, plenty of choice out there without having to dabble with things you might not like,its like feeding a toddler
By:
The Management
When: 20 Oct 21 13:53
I live in hope that the pandemic/lockdown etc has made a lot of people (including the young) realise that there is not much happiness to be derived from chasing after the latest shiny plastic thing that is manufactured for peanuts in a far flung sh1thole by child/slave labour.

But most people seem very keen to get back to the god forsaken mess that they consider "normal".
By:
know all
When: 20 Oct 21 14:05
its 20%

ludicrous statement. It's going to get higher but I doubt it will get that high.



you go buy a car up 30% buy a pint by anything, gas 150% nothing gone up by 3.5%

those who are in the real world know its no where near 3.5 %
By:
duncan idaho
When: 20 Oct 21 14:08
i used to work with a lad who used to say great thurs today roast dinner for tea,
i used to say what do you mean great are their days when she makes things you dont like ,he said yes



Laugh
By:
sageform
When: 20 Oct 21 14:08
You have not seen how little hair I have leftHappy I do wash every day but only shave every other day if I am not going anywhere. That is laziness as well as to save the planet. My main pleasures are walking, bird watching and watching sport on TV so not expensive. I give money away every year to family to keep my wealth below the estate duty limit. I am much meaner about paying tax than buying goods.
By:
sparrow
When: 20 Oct 21 14:17
September’s inflation figure of 3.1% will be used to determine next year’s rise in the state pension.

This means that, from April 2022, a pensioner who receives the new full state pension can expect a rise from £179.60 a week to £185.15. For those on the basic state pension, the current figure of £137.60 will rise to £141.86 next spring.

Next year’s increase could potentially have been as high as 8%, had the government decided not to scrap its so-called ‘triple lock’ for one year, on the back of an artificially distorted picture of UK wage growth following the pandemic.

The triple lock aims to increase the state pension in line with the highest of three measures: 2.5%, CPI inflation and earnings. Earlier this year, the government said it would suspend the use of the latter after earnings data spiked as people returned to work following the termination of its furlough programme.
By:
dustybin
When: 20 Oct 21 14:26
Think Bill Bryson wrote a book all about you sageform, but I cant recall which one it was.
He makes the claim that he will never need to buy another shirt and now has all the things he needs
By:
dustybin
When: 20 Oct 21 14:29
There was a good episode of Moneybox the other week explaining how all taxes were simply moved onto fuel as a sleight of hand.
Politics is very dirty.
By:
Nogoody
When: 20 Oct 21 14:48
I've done my figures, taking into account my assets, my income and any future earnings/winnings and I reckon that I have enough money to last me for the rest of my life.........................................
as long as I don't buy anything.
By:
1st time poster
When: 20 Oct 21 15:03
its not a distorted wage growth according to uk gov ,its the results of a well thought out policy and brexit dividend,the pensioners will just have to put an extra layer on
By:
sageform
When: 20 Oct 21 15:03
I don't agree with everything that Extinction rebellion does but I agree with the idea that there is enough clothing sitting in houses and shops to clothe a generation without making any more. I have a few birthday presents, shirts and jumpers, that have been sitting in my wardrobe for a few years and still not opened. Luckily my size has not changed much in 30 years. My spending strike does not include chocolate. A large bar of Tesco plain has been £1 for years and I consume 2 each week. Muesli is cheaper as are fresh grapes, both of which I like.
By:
sageform
When: 20 Oct 21 15:05
If we get 3.1% on pensions, that is more than I expected. I thought they had decided on 2.5% until the covid19 distortions settled down.
By:
1st time poster
When: 20 Oct 21 15:06
only problem is we,re a service economy built on people spending money they havnt got on things they dont need,
theres no putting that genie back in the bottle
By:
dustybin
When: 20 Oct 21 15:15
‘Look at all these things I don’t need!’  Socrates
By:
1st time poster
When: 20 Oct 21 15:18
he couldnt live without the cigarettes  though , Wink
By:
sageform
When: 20 Oct 21 15:32
No law says we all have to participate though. It is not new. One of my economics lecturers at Uni in 1965 said that the US economy was built on waste. As we are desperately short of people to do essential jobs, perhaps I am helping by not buying manufactured goods.
By:
1st time poster
When: 20 Oct 21 15:35
those so called essential jobs include delivering sed rubbish to the market
By:
Brian
When: 20 Oct 21 15:39
Aren't the government lucky that the inflation rate that governs pension increases has gone down this month.
By:
1st time poster
When: 20 Oct 21 15:40
was reading a piece by haulier/business experts for the times saying we,re despewrate for level 2 skilled people
as a 4 year trade apprenticeship is considered level 3
i assume level 2 is what was once known as unskilled, i,m not against believing everyone has a skill to offer but why would anyone who,s been told their skilled work for, 8,9,10,£11 an hr and if people think they should get £15 an hr why would anyone spend 4 yrs learning a level 3 skill unless your been paid £20 plus an hr for it,which millions arnt
By:
Cider
When: 20 Oct 21 15:44
People who pay tax pay for state pensions, not the government. Considering everyone has had their lives fukked over in the theoretical aim to stop people of state pension age dying, they don't have too much to complain about.
By:
dustybin
When: 20 Oct 21 15:49
On a law of averages it tends to be people of working age who get the s hittier end of the stick rather than pensioners
By:
dustybin
When: 20 Oct 21 15:54
Pensioners are ofc more likely to vote
By:
sparrow
When: 20 Oct 21 15:58
Pensioners also pay tax whether they are working or not.
By:
sageform
When: 20 Oct 21 16:01
State pension as a percentage of average earnings has fallen steadily for many years. It may have caught up slightly in 2020 but don't forget that the average earnings figure is likely to be 5% or more in 2021. That is why that measure was dropped from the pension calculation. I have been on state pension for 12 years but the amount of NI I have paid would keep me in pensions for another 50. Annual cold weather payment has stayed at £100 for 12 years and we are now back to paying the full TV license. I am grateful for any pension but it has not gone up that much.
By:
The Management
When: 20 Oct 21 16:01
Successive govts (of all flavours) have pretty much been kicking everything into the long grass for many years now and printing money like it's confetti - the people that will pay for it all are still at school or more likely haven't even been born yet - so yes, none of them will be voting anytime soon!
By:
Cider
When: 20 Oct 21 16:10
state pensions should only be at level of sustenance. they've had a lifetime to build up resources for their own retirement. in an extremely tax efficiently environment (and beneficial investment environment). pension credit is extremely generous too for anyone who is actually potless.
By:
Cider
When: 20 Oct 21 16:15
there's enough of a sense of entitlement from the younger generation, never mind oldsters. the system was never really intended for workers to keep non workers going for decades after they have retired.
By:
The Management
When: 20 Oct 21 16:17
You're all living too long - you were only supposed to be claiming it for about 3 years ffs! ShockedWink
By:
1st time poster
When: 20 Oct 21 16:21
people did leave part of the state pension [ serps ] and the gov had to re enroll them in to it because the private  spivs [ providers ] were enjoying luxury lifestyles and pishing the rest up the wall with the proceeds
By:
Cider
When: 20 Oct 21 16:25
well that was for db pensions. which many are linked to rpi (as is mine). they paid less NI. people in the private sector nowadays could only dream of something as generous as a db pension.
By:
sparrow
When: 20 Oct 21 16:29
Cider,  how much pension income per week do you consider fair and reasonable to live on?
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