Pensions and Benefits

[baggieal]

How the f uck can these rise to more than 10% in line with inflation and yet people on low incomes or nurses will be lucky to get 2% increase!

Disgraceful! I hope those on low incomes now just think f uck it and go on benefits as you couldn’t blame them!

[mickd1961]

Meanwhile, those of us poor idiots who are trying to run a business are getting hammered again by changing Corporation Tax banding and increasing it to 25%.

I don’t actually need my business anymore, I can rent out or sell my large office and warehouse complex and be comfortable for the rest of my life.

A pity it’ll cost 10 people their livelihoods due to the stupidity of the way things are being handled by the government.

I’ve worked this year for nothing whilst keeping everyone employed but I won’t continue to do so for much longer.

[DaveP67 is back!]

Ultimately we elect a government to tackle things like inflation, they have failed and as a result they now should ensure everyone in the public sector below a certain pay point should see income rises in line. That means MP’s and high ranking civil servants get nothing!

[baggieal]

Meanwhile, those of us poor idiots who are trying to run a business are getting hammered again by changing Corporation Tax banding and increasing it to 25%.

I don’t actually need my business anymore, I can rent out or sell my large office and warehouse complex and be comfortable for the rest of my life.

A pity it’ll cost 10 people their livelihoods due to the stupidity of the way things are being handled by the government.

I’ve worked this year for nothing whilst keeping everyone employed but I won’t continue to do so for much longer.

I get it Mick! With rising costs we too are working for almost nothing but not for long. I forecasted this would happen but luckily my get out was planned! I don’t want to be another Mr Hayes Travel so more holidays and enjoying life even more! Tomorrow may never come!

[soulman101]

How the f uck can these rise to more than 10% in line with inflation and yet people on low incomes or nurses will be lucky to get 2% increase!

Disgraceful! I hope those on low incomes now just think f uck it and go on benefits as you couldn’t blame them!

Hi the new state pension has gone up from £185 to £203 or compared to a 40 hr week £4.62 ph to £5.075 ph . Someone who hasn't saved or got a private pension, will get pension credit and can be better off, no council tax,or rent if they haven't got their own house and cost of living handouts.

The media are trying to divide different groups of people, the headline pensioners get 10%
My twin brother who has worked all his life will get £203 , he has saved to supplement his retirement so as to pay his council tax like me with no handouts.
Because I have a works pension, I will be paying more tax this April

[mickd1961]

Ultimately we elect a government to tackle things like inflation, they have failed and as a result they now should ensure everyone in the public sector below a certain pay point should see income rises in line. That means MP’s and high ranking civil servants get nothing!

The thing is Dave, governments can’t control inflation in circumstances like we’ve seen in the past two years.

The “markets” are what dictates.

The Arabs decide to increase the price of crude oil once Covid started to subside, one region like there’s shouts “jump” and the rest of the world shouts “how high”.

Customer demand for goods was pent up due to lockdowns and so stuff became in short supply so prices increased due to lack of available product.

The b a s t a r d s in China increased the price of a shipping container from $1500 to over $20,000 almost overnight.

This lead to car companies and phone companies “highjacking” containers and agreeing to pay shipping companies an extra $5000+ to renage on deals and jet them have the container and then they pass that cost onto you the end user.

The ONLY way a government can control inflation is by taxing you more to reduce your spending ability to reduce consumption which in turn creates a deeper recession and puts more people out of work!

You can’t beat “the market”, big finance and big nations who control oil and energy call the tune and the rest of us dance to it.

Doesn’t matter if it’s a Tory or Labour government either......neither have any power or control other than to reduce you ability to spend your own money.

[DaveP67 is back!]

The thing is Dave, governments can’t control inflation in circumstances like we’ve seen in the past two years.

The “markets” are what dictates.

The Arabs decide to increase the price of crude oil once Covid started to subside, one region like there’s shouts “jump” and the rest of the world shouts “how high”.

Customer demand for goods was pent up due to lockdowns and so stuff became in short supply so prices increased due to lack of available product.

The b a s t a r d s in China increased the price of a shipping container from $1500 to over $20,000 almost overnight.

This lead to car companies and phone companies “highjacking” containers and agreeing to pay shipping companies an extra $5000+ to renage on deals and jet them have the container and then they pass that cost onto you the end user.

The ONLY way a government can control inflation is by taxing you more to reduce your spending ability to reduce consumption which in turn creates a deeper recession and puts more people out of work!

You can’t beat “the market”, big finance and big nations who control oil and energy call the tune and the rest of us dance to it.

Doesn’t matter if it’s a Tory or Labour government either......neither have any power or control other than to reduce you ability to spend your own money.

Mick, I absolutely get all that and it’s correct, my beef with the government is that they have sleep walked into this, there are things that they could have done, fuel is a massive factor in inflation yet they let the oil and gas giants off the hook for proper windfall taxes that should be used to cut fuel duty to zero for now at least, one fell swoop and inflation would drop massively, look at France I think their inflation figure is about 7%.

[WBA123]

The thing is Dave, governments can’t control inflation in circumstances like we’ve seen in the past two years.

The “markets” are what dictates.

The Arabs decide to increase the price of crude oil once Covid started to subside, one region like there’s shouts “jump” and the rest of the world shouts “how high”.

Customer demand for goods was pent up due to lockdowns and so stuff became in short supply so prices increased due to lack of available product.

The b a s t a r d s in China increased the price of a shipping container from $1500 to over $20,000 almost overnight.

This lead to car companies and phone companies “highjacking” containers and agreeing to pay shipping companies an extra $5000+ to renage on deals and jet them have the container and then they pass that cost onto you the end user.

The ONLY way a government can control inflation is by taxing you more to reduce your spending ability to reduce consumption which in turn creates a deeper recession and puts more people out of work!

You can’t beat “the market”, big finance and big nations who control oil and energy call the tune and the rest of us dance to it.

Doesn’t matter if it’s a Tory or Labour government either......neither have any power or control other than to reduce you ability to spend your own money.

You are like an enigma, sometimes you say very sensible political and economic posts. And others I just can't agree with, like this one.

The markets did not tell us to spend £100bn on HS2, or have a disastrous uncosted 'mini-budget', nor did they tell us to spend £38bn on a failed T&T, or billions in wasted PPE or dodgy contracts to Tory donors during the pandemic. They do not dictate where we invest our money, they react to it.

There will always be global events and pressures which will affect us, hence the pandemic and the war. But all other countries have the same pressure - now look at how we compare against them. We have the lowest growth forecast for 2023 in Europe. We have the highest (or 2nd highest, I'm not sure) level of inflation in the G7.

The reason is because our government have chronically mismanagement our economy for the last decade. And because the electorate are naive enough to keep voting for them, and naive enough to vote for Brexit. Go and check out what the OBR think about the effects of Brexit, there is absolutely no doubt that it is a contributory factor to our current economic position.

So, to put zero blame on the Tory government who have been a disaster for us for 12 years, is just complete and utter tosh.

[Dubbag]

Living standards will drop for everyone says your chancellor.....I don't think so.

Boris Johnson was paid £276,000 (€315,000) for a speech to American insurers barely a month after leaving Downing Street. Not talking long either.
That is what's wrong. No justification for that.

Anyway how much EXTRA does a pensioner get?

[mickd1961]

You are like an enigma, sometimes you say very sensible political and economic posts. And others I just can't agree with, like this one.

The markets did not tell us to spend £100bn on HS2, or have a disastrous uncosted 'mini-budget', nor did they tell us to spend £38bn on a failed T&T, or billions in wasted PPE or dodgy contracts to Tory donors during the pandemic. They do not dictate where we invest our money, they react to it.

There will always be global events and pressures which will affect us, hence the pandemic and the war. But all other countries have the same pressure - now look at how we compare against them. We have the lowest growth forecast for 2023 in Europe. We have the highest (or 2nd highest, I'm not sure) level of inflation in the G7.

The reason is because our government have chronically mismanagement our economy for the last decade. And because the electorate are naive enough to keep voting for them, and naive enough to vote for Brexit. Go and check out what the OBR think about the effects of Brexit, there is absolutely no doubt that it is a contributory factor to our current economic position.

So, to put zero blame on the Tory government who have been a disaster for us for 12 years, is just complete and utter tosh.

You’ve miss understood what I meant.

This government like all governments waste huge amounts of money, this government has been particularly profligate.

My point was meant to be this, in general, world events and crisese are what cause inflation.

This government have made people worse off due to Truss’s stupidity and thus we then people are picking up the tab for the “black hole” she created but, the inflationary pressures upon us would still be there regardless.

She and Kwarteng just made things worse.

It’ll be interesting to see how Rachel Reeves handles this if she becomes Chancellor.

She spoke well in the commons in response to Jeremy Hunt’s announcements.

What I expect we’ll see though is Labour having the same issues, wasting money in different ways to the Tories and having to put up with 5-10 years of her saying it’s all the Tories fault and she’s just clearing up their mess.

I’d have more respect for ANY party that came in and just got on with it and held their hands up to their own mistakes.

I’m past caring about who governs us now, like I’ve said before, if Starmer was brave enough to offer another Brexit vote I’d vote Labour next time.


But he won’t.