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Post by sheepy on May 27, 2023 8:17:57 GMT
Except nobody gives you money, it has to be repaid, also it was a way of pumping even more money into utility companies who took full advantage through an artificial war. Via commodity brokers making an absolute greed filled killing. Just saying. It wasn't just my money they were repaying it was from taxes paid by the likes of Zany being redistributed and those very same people will have to help refill the coffers. I think we are rather missing Zany's point here, he doesn't mind chipping in a little more but wants to see it put to good use not squandered and wasted. By just giving it to someone else who doesn't need it either. |
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Post by Toreador on May 27, 2023 10:42:46 GMT
It wasn't just my money they were repaying it was from taxes paid by the likes of Zany being redistributed and those very same people will have to help refill the coffers. I think we are rather missing Zany's point here, he doesn't mind chipping in a little more but wants to see it put to good use not squandered and wasted. By just giving it to someone else who doesn't need it either. Zany and his ilk are not barred from sending a cheque to Revenue and Customs if they wish. |
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Post by Pacifico on May 27, 2023 10:47:47 GMT
Not sure what you mean by no choice - energy costs can be controlled (and are falling), food costs are a small part of the household budget, transport is a bit more of an issue but is also coming down. With core inflation being over 6% its obvious that controlling inflation by limiting demand has a place. Most people only buy the power and food they need, these are the items that have driven up inflation. Followed by wage rise demands to meet these costs. This is not inflation driven by a spending boom as anyone in business knows. The 6% core inflation is almost all wage rises, mostly in the public sector. So do tell me how raising interest rates will reverse that? Either way, the conventional system of increasing interest rates is outdated and daft. It was clearly an invented excuse to give more money to those who already have plenty. A far better way would be to take money from those who have plenty to spend and use it to reduce public debt. Well just take food - that accounts for 2% of the 10% current inflation rate. As for wage rises adding to inflation - that only happens if the full cost is passed on to the customer, and certainly for the Public Sector any increase in wage costs are met by cuts in other areas. I think we are reaching the limit of interest rises before we start pushing ourselves into recession but it is the only guaranteed way to reduce inflation. |
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Post by Pacifico on May 27, 2023 10:49:07 GMT
I think we are rather missing Zany's point here, he doesn't mind chipping in a little more but wants to see it put to good use not squandered and wasted. By just giving it to someone else who doesn't need it either. Zany and his ilk are not barred from sending a cheque to Revenue and Customs if they wish. I seem to remember that a total of 6 people did that last year - out of a population of 70 million. Seems that paying extra taxes is not that popular after all..  |
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Post by see2 on May 27, 2023 11:57:55 GMT
But a lot I’d not like to drink.Yes I cannibalised Coleridge's words but much whinging today across the country about the water companies dumping sewage whilst making billions and bunging it to shareholders. They profusely apologise and promise a solution, (in a decade or two) who’ll pay? us of course the plebs always do. Sadly many of those plebs eulogised St Maggie of Grantham and now it’s come home to roost.
Some things should never have been privatised,capiche? Whats come home to roost?. The water companies were privatised in the first place because they needed massive investment after being starved of funds under nationalisation - the got that investment and water and sewage supplies improved. OK they need to do better but the idea that privatisation is the cause of their present issues is hilarious. When the Water system was Nationalised we only had 12 Blue Flag beaches - we now have 80. The big push in cleaning up water came over a decade after privatisation 1989. It came following the European directive. "the Water Framework Directive (European Commission, 2000). So not by the generosity of the new private owners. "There is a robust UK legislative framework in place for controlling and reducing pollution from contaminants posing a risk to coastal waters and these are described in the UK Marine Strategy Part Three (HM Government, 2015a). In particular, many of the measures put in place through the Water Framework Directive (European Commission, 2000). And apparently gone to pot post Brexit. |
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Post by see2 on May 27, 2023 12:12:10 GMT
Zany and his ilk are not barred from sending a cheque to Revenue and Customs if they wish. I seem to remember that a total of 6 people did that last year - out of a population of 70 million. Seems that paying extra taxes is not that popular after all.. Your smug post defends those with excessive wealth, as usual. excessive personal wealth is the single most reason why the UK limps along while the country's economy is more engaged in making the very rich very much richer at the expense of the social and economic infrastructure of the country. |
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Post by zanygame on May 27, 2023 12:15:16 GMT
On a separate note. You state energy costs are falling, I agree and I feel the wage demands should have been met with temporary increases to cover the rocketing but temporary food and fuel crises. However 13 years of austerity meant many felt they were long overdue a wage increase anyway. 13 years of lower than inflation pay rises which allowed the government to..... Well you finish the sentence, I can't see any benefit that came from this. Will you reduce salaries in respect of falling energy costs? Did you know that people were given money to help with price rises? Salaries are easy to raise, impossible to remove. I guess over time they will stop rising and inflation will catch them back up. Yes I knew that, but not everyone or enough. |
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Post by zanygame on May 27, 2023 12:17:21 GMT
Most people only buy the power and food they need, these are the items that have driven up inflation. Followed by wage rise demands to meet these costs. This is not inflation driven by a spending boom as anyone in business knows. The 6% core inflation is almost all wage rises, mostly in the public sector. So do tell me how raising interest rates will reverse that? Either way, the conventional system of increasing interest rates is outdated and daft. It was clearly an invented excuse to give more money to those who already have plenty. A far better way would be to take money from those who have plenty to spend and use it to reduce public debt. Well just take food - that accounts for 2% of the 10% current inflation rate. As for wage rises adding to inflation - that only happens if the full cost is passed on to the customer, and certainly for the Public Sector any increase in wage costs are met by cuts in other areas. I think we are reaching the limit of interest rises before we start pushing ourselves into recession but it is the only guaranteed way to reduce inflation. Food has gone up by 23%, do you think none of the other things that require energy to make have been effected in the same way? I know from my mate Steel has gone up by about 35% |
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Post by zanygame on May 27, 2023 12:20:03 GMT
I think we are rather missing Zany's point here, he doesn't mind chipping in a little more but wants to see it put to good use not squandered and wasted. By just giving it to someone else who doesn't need it either. Zany and his ilk are not barred from sending a cheque to Revenue and Customs if they wish. As stated many times in the past. A few willing people have no effect, we need a government strong enough to make the rich pay to help the poor. A stable country depends on this. |
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Post by zanygame on May 27, 2023 15:17:57 GMT
Whats come home to roost?. The water companies were privatised in the first place because they needed massive investment after being starved of funds under nationalisation - the got that investment and water and sewage supplies improved. OK they need to do better but the idea that privatisation is the cause of their present issues is hilarious. When the Water system was Nationalised we only had 12 Blue Flag beaches - we now have 80. The big push in cleaning up water came over a decade after privatisation 1989. It came following the European directive. "the Water Framework Directive (European Commission, 2000). So not by the generosity of the new private owners. "There is a robust UK legislative framework in place for controlling and reducing pollution from contaminants posing a risk to coastal waters and these are described in the UK Marine Strategy Part Three (HM Government, 2015a). In particular, many of the measures put in place through the Water Framework Directive (European Commission, 2000). And apparently gone to pot post Brexit. Do you remember the government moving the coastline up the Humber estuary so the sewage outlets were far enough out to sea. |
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Post by Pacifico on May 27, 2023 16:59:37 GMT
Well just take food - that accounts for 2% of the 10% current inflation rate. As for wage rises adding to inflation - that only happens if the full cost is passed on to the customer, and certainly for the Public Sector any increase in wage costs are met by cuts in other areas. I think we are reaching the limit of interest rises before we start pushing ourselves into recession but it is the only guaranteed way to reduce inflation. Food has gone up by 23%, do you think none of the other things that require energy to make have been effected in the same way? I know from my mate Steel has gone up by about 35% Food only contributes 2% of the total inflation rate. Food might have gone up by 23% but the amount spent on food each week by the average household is a fraction of their total spend. |
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Post by zanygame on May 27, 2023 17:58:23 GMT
Food has gone up by 23%, do you think none of the other things that require energy to make have been effected in the same way? I know from my mate Steel has gone up by about 35% Food only contributes 2% of the total inflation rate. Food might have gone up by 23% but the amount spent on food each week by the average household is a fraction of their total spend. Yes, that's why I asked " do you think none of the other things that require energy to make have been effected in the same way?" |
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Post by wapentake on May 27, 2023 18:05:57 GMT
And the the (toothless )energy regulator says Yes privatising energy was a brilliant idea.  |
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Post by sheepy on May 27, 2023 18:10:47 GMT
Zany and his ilk are not barred from sending a cheque to Revenue and Customs if they wish. As stated many times in the past. A few willing people have no effect, we need a government strong enough to make the rich pay to help the poor. A stable country depends on this. And the cut off point is? |
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Post by Pacifico on May 27, 2023 21:21:31 GMT
Food only contributes 2% of the total inflation rate. Food might have gone up by 23% but the amount spent on food each week by the average household is a fraction of their total spend. Yes, that's why I asked " do you think none of the other things that require energy to make have been effected in the same way?" I already answered that - if you take food and energy out of the calculation core inflation is around 6%. The trouble is that core inflation is rising whilst food and energy are falling. Hence the increase in interest rates. If you have a better way to reduce core inflation I'm sure the BoE would love to hear. |
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