| Paying more for less. on 08:10 - Jan 22 with 2063 views | DanTheMan |
I very much doubt I'm getting a state pension. |  |
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| Paying more for less. on 08:11 - Jan 22 with 2062 views | giant_stow |
This is an exempla of the Bankster OP: Edgy title, link, followed by undirected, unanswerable, but somehow annoying whine. |  |
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| Paying more for less. on 08:25 - Jan 22 with 2005 views | noggin |
| Paying more for less. on 08:11 - Jan 22 by giant_stow |
This is an exempla of the Bankster OP: Edgy title, link, followed by undirected, unanswerable, but somehow annoying whine. |
What's "edgy" about the title? |  |
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| Paying more for less. on 08:36 - Jan 22 with 1961 views | giant_stow |
| Paying more for less. on 08:25 - Jan 22 by noggin |
What's "edgy" about the title? |
It stirs up feelings of anger and injustice (for me at least!), but who to direct that anger to? Is it the Tories' fault for not spending enough, or the Tories for spending too much, or is it Labour we're meant to be cross with? Or the global financial system? Or just a howl at the moon that we weren't all born 30 years earlier? | |
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| Paying more for less. on 08:40 - Jan 22 with 1936 views | nodge_blue |
As it pays the basic state pension I would hope that it’s all of us would get a pension out of it.
But is does highlight one of the things I always bang on about and that’s we are borrowing a huge amount of money and having to pay interest on that - for a deteriorating level of services. We can’t simply hope to borrow our way out of trouble. I don’t think whoever is in government could solve this. Essentially Starmer is right in that we need growth to boost income. Whether he will achieve it I don’t know. |  |
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| Paying more for less. on 08:44 - Jan 22 with 1893 views | Guthrum |
Servicing debts comes down to the fact we have the 6th largest economy in the world, with a GDP of $3.7tr. Plus a massively good credit rating.
Just been reading about the English economy in the early 15th century. If you think government borrowing is alarming now, it's nothing on the situation then, with routine defaults mortgaging of assets and the selling of revenue streams for short term loans. All of which still failed to remotely cover outgoings. |  |
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| Paying more for less. on 09:05 - Jan 22 with 1740 views | BanksterDebtSlave |
| Paying more for less. on 08:11 - Jan 22 by giant_stow |
This is an exempla of the Bankster OP: Edgy title, link, followed by undirected, unanswerable, but somehow annoying whine. |
Did someone get out of bed on the wrong side or has your sister left you? [Post edited 22 Jan 9:06]
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| Paying more for less. on 09:07 - Jan 22 with 1727 views | Swansea_Blue |
| Paying more for less. on 08:25 - Jan 22 by noggin |
What's "edgy" about the title? |
He thought it was a thread about Norwich’s transfer strategy  |  |
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| Paying more for less. on 09:08 - Jan 22 with 1705 views | BanksterDebtSlave |
| Paying more for less. on 08:36 - Jan 22 by giant_stow |
It stirs up feelings of anger and injustice (for me at least!), but who to direct that anger to? Is it the Tories' fault for not spending enough, or the Tories for spending too much, or is it Labour we're meant to be cross with? Or the global financial system? Or just a howl at the moon that we weren't all born 30 years earlier? |
Clue....it's the global financial system, but what can you do! | |
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| Paying more for less. on 09:15 - Jan 22 with 1665 views | SuperKieranMcKenna |
Markets and ratings agencies say there will be a reaction to more borrowing
Government announces more borrowing
Markets react.
It’s almost like we were warned. Starmer backed himself into a corner regarding tax rises. The borrowing isn’t the issue per se, it’s more that it’s not being spent in a way that will generate (material) growth. Rather than investing in infrastructure and physical assets, it’s largely just patching up holes in funding. It’s a reflection of an uninspiring budget and lack of vision from this government. The Great British Energy seems likeit could have been a game changer. But it’s a watered down waste of time - instead of investing in JV’s of physical energy generating assets, from what I can see we’ll just be subsidising investment for massively capitalised private companies. |  | | |
| Paying more for less. on 09:20 - Jan 22 with 1650 views | CoachRob |
| Paying more for less. on 08:44 - Jan 22 by Guthrum |
Servicing debts comes down to the fact we have the 6th largest economy in the world, with a GDP of $3.7tr. Plus a massively good credit rating.
Just been reading about the English economy in the early 15th century. If you think government borrowing is alarming now, it's nothing on the situation then, with routine defaults mortgaging of assets and the selling of revenue streams for short term loans. All of which still failed to remotely cover outgoings. |
Crazy isn't it. I looked at the wild swings from inflation to deflation in the 19th century and still marvel at how economists use stochastic equilibrium models when you look at the possible states of a economic system ( generally far from equilibrium).
To add to your point, the UK has it's own currency and can always meet those servicing requirements. Nobody has any clue as to what constitutes too much debt, however, we do have money for new runways but not flood defences. I can't wait to see the logic for this latest insanity. |  | | |
| Paying more for less. on 09:30 - Jan 22 with 1609 views | giant_stow |
| Paying more for less. on 09:05 - Jan 22 by BanksterDebtSlave |
Did someone get out of bed on the wrong side or has your sister left you? [Post edited 22 Jan 9:06]
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maybe that was a little grumpy / unnecessary.- apologies - just tired of bad news. | |
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| Paying more for less. on 09:34 - Jan 22 with 1580 views | BanksterDebtSlave |
| Paying more for less. on 09:30 - Jan 22 by giant_stow |
maybe that was a little grumpy / unnecessary.- apologies - just tired of bad news. |
No worries.
Best get used to it though. | |
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| This forum must…. on 09:40 - Jan 22 with 1552 views | Bloots |
| Paying more for less. on 08:11 - Jan 22 by giant_stow |
This is an exempla of the Bankster OP: Edgy title, link, followed by undirected, unanswerable, but somehow annoying whine. |
….single handedly keep the Guardian going, probably through linkage alone.
Or as a minimum it pays for their alcohol free Christmas party at a crappy vegan cafe in Islington.
Or summink.
Echo, echo, echo. |  |
| "One of the best posters on TWTD and a really good bloke" - Anon (April 2025) |
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| Paying more for less. on 11:33 - Jan 22 with 1463 views | OldFart71 |
Growth won't happen by taxing industry or individuals for that matter. It will create a situation which is already apparent in supermarkets where Companies cut back on staff hours, don't recruit and maybe even lay people off. The situation regarding Labours further borrowing has led to the financial markets saying they don't like it, meaning borrowing costs more and the extra income generated by industry having to pay higher N.I. is swallowed up, not by improving services, the NHS, roads etc but by higher interest payments. Industry charges more for goods by increasing prices leading to higher inflation which in turn means the BoE don't cut interest rates at the same speed as they would have. Meaning higher mortgages than need be, which in turn makes building even more house a waste of time as nobody can afford them. | | | |
| This forum must…. on 12:17 - Jan 22 with 1397 views | BanksterDebtSlave |
| This forum must…. on 09:40 - Jan 22 by Bloots |
….single handedly keep the Guardian going, probably through linkage alone.
Or as a minimum it pays for their alcohol free Christmas party at a crappy vegan cafe in Islington.
Or summink.
Echo, echo, echo. |
When you have nothing to say Bloots it's sometimes best to say exactly that. | |
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| This forum must…. on 12:20 - Jan 22 with 1384 views | eireblue |
| This forum must…. on 09:40 - Jan 22 by Bloots |
….single handedly keep the Guardian going, probably through linkage alone.
Or as a minimum it pays for their alcohol free Christmas party at a crappy vegan cafe in Islington.
Or summink.
Echo, echo, echo. |
It’s quite nice vegan cafe actually. |  | | |
| Paying more for less. on 16:55 - Jan 22 with 1204 views | factual_blue |
| Paying more for less. on 09:30 - Jan 22 by giant_stow |
maybe that was a little grumpy / unnecessary.- apologies - just tired of bad news. |
This book will cheer you up then
https://en.wikipedia.org/wiki/Nuclear_War:_A_Scenario
Her book leads her to this conclusion
"You would want to have a commander-in-chief who is of sound mind, who is fully in control of his mental capacity, who is not volatile, who is not subject to anger. These are significant character qualities that should be thought about when people vote for president, for the simple reason that the president has sole authority to launch nuclear weapons."
So that'll all be fine then. |  |
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| Paying more for less. on 15:50 - Jan 28 with 829 views | SuperKieranMcKenna |
| Paying more for less. on 09:15 - Jan 22 by SuperKieranMcKenna |
Markets and ratings agencies say there will be a reaction to more borrowing
Government announces more borrowing
Markets react.
It’s almost like we were warned. Starmer backed himself into a corner regarding tax rises. The borrowing isn’t the issue per se, it’s more that it’s not being spent in a way that will generate (material) growth. Rather than investing in infrastructure and physical assets, it’s largely just patching up holes in funding. It’s a reflection of an uninspiring budget and lack of vision from this government. The Great British Energy seems likeit could have been a game changer. But it’s a watered down waste of time - instead of investing in JV’s of physical energy generating assets, from what I can see we’ll just be subsidising investment for massively capitalised private companies. |
Thought this might be of interest, given there’s been a lot of talk on here regarding the Gilt market reaction to this Government’s economic policy:-
https://www.reuters.com/business/finance/boe-opens-contingent-non-bank-lending-f | | | |
| Paying more for less. on 16:49 - Jan 28 with 745 views | J2BLUE |
#WealthTaxNow |  |
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| Paying more for less. on 16:56 - Jan 28 with 719 views | Nthsuffolkblue |
| Paying more for less. on 16:55 - Jan 22 by factual_blue |
This book will cheer you up then
https://en.wikipedia.org/wiki/Nuclear_War:_A_Scenario
Her book leads her to this conclusion
"You would want to have a commander-in-chief who is of sound mind, who is fully in control of his mental capacity, who is not volatile, who is not subject to anger. These are significant character qualities that should be thought about when people vote for president, for the simple reason that the president has sole authority to launch nuclear weapons."
So that'll all be fine then. |
Describes AI quite well doesn't it?
What could possibly go wrong if it went down that route (that is if Trump doesn't get there first)? |  |
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