Not football related, but…

[petermackie]

Benefits claimants and pensioners are the two categories that have been insulated against inflation by the increased they have received.

Public sector not far behind.

Private sector further Doon the list.

Those with savings hammered by inflation.

Surely people with savings will have benefitted with the higher interest rates?

[jdfc]

Come on J you aren't gonna choose to go on TV if no genuine.
Fowks circumstances change,some do abuse the system,some are struggling.
The Tories are allegedly starting to get tough with the non workers who are capable, believe it when I see it though.

Some love their moment of fame, I’ve contributed to foodbanks in the past, things I know now would stop me doing it again, better ways to help folk

[Returnofrros]

Surely people with savings will have benefitted with the higher interest rates?

Higher interest rates 😄 about a quarter the rate of peak inflation.

But there are quite a few folk who fit into more than 1:category.

[petermackie]

Higher interest rates 😄 about a quarter the rate of peak inflation.

But there are quite a few folk who fit into more than 1:category.

But still a % increase on savings all be it not to the level of inflation...but still give savers more extra money in their accounts than before the Tories financial meltdown surely??

[BCram]

Going to defend Liz Truss. Policies now being applied are along the lines of her policies. OK she completely failed to take the markets with her, but I think everyone realises she was on the right track, a track which Flip Flop Starmer seems to favour.

[Returnofrros]

But still a % increase on savings all be it not to the level of inflation...but still give savers more extra money in their accounts than before the Tories financial meltdown surely??

It's what union officials and socialists wud call a " real terms pay cut "

It's not extra if what they have is worth a helluva lot less.

[Returnofrros]

It's what union officials and socialists wud call a " real terms pay cut "

It's not extra if what they have is worth a helluva lot less.

If inflation is 2% and they are getting 1% on their savings it's worth a lot more than 11% inflation and 2.75% interest.

Inflation destroys wealth.......they used to say middle class wealth but I'd argue these days working class wealth.

[Returnofrros]

Going to defend Liz Truss. Policies now being applied are along the lines of her policies. OK she completely failed to take the markets with her, but I think everyone realises she was on the right track, a track which Flip Flop Starmer seems to favour.

Much too much much too young springs to mind.

She wasn't meant to win, they conspired to get rid.

[Returnofrros]

Quick calculation.

100k in oct 2020 would need to be £118,335.64 end of Oct 23 to have same spending power.

Inflation destroyer of wealth.

[petermackie]

Quick calculation.

100k in oct 2020 would need to be £118,335.64 end of Oct 23 to have same spending power.

Inflation destroyer of wealth.

Would I be right in thinking that someone with a 100k across the same time period would now have around 115k...with the interest accrued....if so hardly a hammering I would have thought