How are voters happy with this government? Cost of living + tax rises.
This is absolutely insane and it doesn’t look like it’s going to down anytime soon
Central bankers printing money like crazy so the government doesn’t have to repay its debts.
I pity any poor person earning under a million a year.
The only way to resolve this inflationary issue is to experience some pain. Central Banks are pussy footing around at the moment with their 25 basis point increases; if you want to see what’s around the corner, look at what Paul Volcker did to flatline inflation in the 80’s. Scary stuff.
I don’t think I have known a point in the economy where my generation is not getting fucked by something.
Just once I’d like some prosperity, must be all down to having Netflix I guess.
If you create loads of new money and Chuck it about for 2 years, do you think there is any possible outcome other than the pre existing money being less valuable (inflation).
Why doesn’t the BBC ever mention this? Why are they so desperate to blame it on pay rises, Vladimir Putin, fossil fuel etc?
CPI at 6.2% and CPIH at 5.5%, for those wondering.
Rather than cutting fuel duty, which benefits ICE owners, how about he removes the NI hike instead? Any shortfall can be raised via increasing income tax. That will serve to better protect the poor from the impact.
Lots of corporations acting in their interests, raising prices despite record profits etc
Shame there isn’t some mechanism for workers to group together and make demands of their own…
If only we’d all stop our Netflix subscriptions and Greggs addictions. We’ve only ourselves to blame for all of this. Cons +4.
The RPI (the way we used to measure inflation) is up to 8.2%.
That would have seemed pretty high for a good chunk of the 80s!
I’m expecting Rishi to come out and say “I have tried nothing and I’m all out of ideas” this is because he doesn’t want to do anything that might make Boris look good as he wants his job.
So when it’s even higher next month will it be a 40? Or 50? Year high. Even records aren’t safe from inflation.
I have cheap accommodation with my job and get a decent salary so I’m aware I’m in a fortunate position, but I can’t help but think how the FUCK can people continue to live like this?
People are going to just exist; not live.
We are so very broken as a country
Can all you bellends who’ve voted for this sorry bunch sit the next election out? Cheers
Protect the oligarchs, banks, CEOs, political donors, corporations, hedge funds etc…
-Govt.
Us: And us too?……Right?
He’ll be fine. He’ll blame ‘unprecedented times’, covid, and brexit, Ukraine etc….. Anything other than the truth ie the Tories are asleep at the wheel after gorging on and stealing the public purse
He’ll be so confident that he’ll try austerity 2.0 too, because we all know that was as an astounding success.
Weak opposition will also help him of course.
Whilst I never really got to experience it, I do vaguely remember the summer of 2005, when things seemed quite pleasant in terms of the economy.
I was just finishing Uni and was working part-time, plus doing some work experience in London on Fridays. There was a real sense of future prospects amongst my age group – we all had our eyes set on nice jobs and a stable future. I’m not saying that’s how everyone felt, but I don’t remember any real fear amongst my friends about what the future held.
But after 2008, things have essentially been horrible ever since. I’ve personally done alright – partly due to some good choices and some major luck. But many of my friends have really struggled to get any sort of foothold. My slightly younger siblings have essentially been bouncing along the bottom of the “career ladder” for a decade now.
And here we are again – 14 years after the crash of 2008, nothing has been fixed and the economy has re-entered another death spiral. The young will of course take the brunt, as usual, but there are plenty of late 30 somethings / early 40 somethings that have known nothing but economic decline.
I’m beginning to think the boom post-WW2 years were essentially just historical blip, and we’re returning to the overral trend of hardship and strife that has plauged humanity since its inception.
Inflation is massively high due to lockdown policies in which the majority of people were sadly fans of. A lot of people in their mid 30s and under simply wont own homes now.
6.2% seems a low estimate. I know they keep moving the goal posts, but claiming 6.2% in the face of the current price rises feels insulting
Me and my other half are on good salaries, don’t have kids, don’t own a car and our rent is fairly cheap. Yet, we can’t afford to buy property… We’d like to own a car but that would hinder any savings we can put away. It’s a tight rope of choosing one or the other and by the time we can afford property, inflation will have just risen even higher..
I don’t blame the government entirely for the current situation. Inflation is a problem in most places at the moment.
But I do blame them for essentially painting the UK into a corner when it comes to economic policy. Since 2008 we have done nothing to address the deep structural problems in our financial systems. All the government has done is re-inflate the property bubble to the highest levels ever, strip back social security functions and promote cheap debt.
Now we have nowhere to turn.
must be from all those secret parties Ol’ man borris been having!
complete joke, everything goin up apart from wages!
That dude is going to be PM someday. Vote out Tories before you see more damage.
Our life style is already changing in an attempt to adjust to rising costs of living, me and my partner were not so comfortable to begin with but now:
No more TKMAX, only Primark or pep & co
No more Asda, only Lidl and Aldi (booker for bulk buying as well)
No more outings to aquariums or zoos, only free museums from now on.
No more outings to the sea to save fuel, only walks in nearby forest.
No more restaurants and take away or Mac drive through ( okay maybe once or twice a month) , only home prepared food…
Currently logging on and canceling Sky Sports from my BT package and Spotify. Netflix and Amazon Prime next on the list if things get tighter. What is heartbreaking for me is I’m just about to foster a dog after losing mine to old age last year and I know I really should not adopt a dog right now, but what is life? What’s the point of just struggle to the end?
Ah excellent, two recessions, two market crashes, a pandemic and now I get to get told I’m just an entitled millennial for daring to ask for enough money to cover inflation this year. Thank God.
Yeah, the tories will definitely help the working people.
Totally.
Like they did with abstaining from the vote on banning fire and rehire.
Absolutely gonna help the working people.
Instead of fighting each other about who has it hardest / who had it easy – we should be looking up.
We need a change in government – and whilst getting the current crowd out would be great in itself, we need more systemic change than just a party switch. We need PR. We need re-nationalisation of essential services so that people can afford them. We need the money to start flowing down and outward again, because right now it’s all being funnelled to the very top. We need serious focus on enviromental protections, because the climate is going to go into a runaway spiral very soon – if it hasn’t already.
They *want* us to fight each other. They have active strategies about promoting culture wars. Their current is the ‘anti woke’ bullshit, but they’ll switch it up as necessary to keep us in the fighting pit with each other instead of focusing on the source of most of the problems.
Here come the pandemic excuses and ignoring of Brexit
r/unitedkingdom try and understand economics challenge
I find it very concerning people always blame the generations ahead of them, Boomers get a lot of stick for the opportunities they had but it’s hardly their fault the opportunities were there, they just did what any sane person would and that’s take advantage of them. Ultimately if you actually want to blame anyone blame the 1% that hoard most of the worlds money, blame the government, blame the opposition, blame the mainstream media.
Do you really think for the most part your Parents or Grandparents wanted to leave you an economic nightmare!? Probably not!
People in positions of power must love it when the 99% go at each other and blame each other.
I want the best for my kids and if they have kids I want better for them, it will take real a real change to how governments work.
Before I get beaten up or called a boomer, I was born in ‘82
Sunak is worth £200 million and his wife is a Billionaire, why the fuck is he in charge of the budget for normal people..?
Fuck the Tories, we have been on a downward spiral for 12 years and it only looks like speeding up.
34 comments
How are voters happy with this government? Cost of living + tax rises.
This is absolutely insane and it doesn’t look like it’s going to down anytime soon
Central bankers printing money like crazy so the government doesn’t have to repay its debts.
I pity any poor person earning under a million a year.
The only way to resolve this inflationary issue is to experience some pain. Central Banks are pussy footing around at the moment with their 25 basis point increases; if you want to see what’s around the corner, look at what Paul Volcker did to flatline inflation in the 80’s. Scary stuff.
I don’t think I have known a point in the economy where my generation is not getting fucked by something.
Just once I’d like some prosperity, must be all down to having Netflix I guess.
Increased monetary supply, quantitative easing, loose fiscal policy.
If you create loads of new money and Chuck it about for 2 years, do you think there is any possible outcome other than the pre existing money being less valuable (inflation).
Why doesn’t the BBC ever mention this? Why are they so desperate to blame it on pay rises, Vladimir Putin, fossil fuel etc?
CPI at 6.2% and CPIH at 5.5%, for those wondering.
The ONS has more detailed reading: https://www.ons.gov.uk/economy/inflationandpriceindices/bulletins/consumerpriceinflation/february2022
As you might expect, the biggest contributors to CPIH are housing (including energy) and transport (fuel costs).
The ONS also has a calculator, so you can see how inflation affects you specifically: https://www.ons.gov.uk/economy/inflationandpriceindices/articles/howisinflationaffectingyourhouseholdcosts/2022-03-23
Rather than cutting fuel duty, which benefits ICE owners, how about he removes the NI hike instead? Any shortfall can be raised via increasing income tax. That will serve to better protect the poor from the impact.
Oh yeah, he’s a Tory.
“Difficult times”
“Global pandemic”
“Tough choices”
“Fuel prices”
“International supply problems”
“It’s all Putins fault”
Today’s spring statement.
Lots of corporations acting in their interests, raising prices despite record profits etc
Shame there isn’t some mechanism for workers to group together and make demands of their own…
If only we’d all stop our Netflix subscriptions and Greggs addictions. We’ve only ourselves to blame for all of this. Cons +4.
The RPI (the way we used to measure inflation) is up to 8.2%.
That would have seemed pretty high for a good chunk of the 80s!
I’m expecting Rishi to come out and say “I have tried nothing and I’m all out of ideas” this is because he doesn’t want to do anything that might make Boris look good as he wants his job.
So when it’s even higher next month will it be a 40? Or 50? Year high. Even records aren’t safe from inflation.
I have cheap accommodation with my job and get a decent salary so I’m aware I’m in a fortunate position, but I can’t help but think how the FUCK can people continue to live like this?
People are going to just exist; not live.
We are so very broken as a country
Can all you bellends who’ve voted for this sorry bunch sit the next election out? Cheers
Protect the oligarchs, banks, CEOs, political donors, corporations, hedge funds etc…
-Govt.
Us: And us too?……Right?
He’ll be fine. He’ll blame ‘unprecedented times’, covid, and brexit, Ukraine etc….. Anything other than the truth ie the Tories are asleep at the wheel after gorging on and stealing the public purse
He’ll be so confident that he’ll try austerity 2.0 too, because we all know that was as an astounding success.
Weak opposition will also help him of course.
Whilst I never really got to experience it, I do vaguely remember the summer of 2005, when things seemed quite pleasant in terms of the economy.
I was just finishing Uni and was working part-time, plus doing some work experience in London on Fridays. There was a real sense of future prospects amongst my age group – we all had our eyes set on nice jobs and a stable future. I’m not saying that’s how everyone felt, but I don’t remember any real fear amongst my friends about what the future held.
But after 2008, things have essentially been horrible ever since. I’ve personally done alright – partly due to some good choices and some major luck. But many of my friends have really struggled to get any sort of foothold. My slightly younger siblings have essentially been bouncing along the bottom of the “career ladder” for a decade now.
And here we are again – 14 years after the crash of 2008, nothing has been fixed and the economy has re-entered another death spiral. The young will of course take the brunt, as usual, but there are plenty of late 30 somethings / early 40 somethings that have known nothing but economic decline.
I’m beginning to think the boom post-WW2 years were essentially just historical blip, and we’re returning to the overral trend of hardship and strife that has plauged humanity since its inception.
Inflation is massively high due to lockdown policies in which the majority of people were sadly fans of. A lot of people in their mid 30s and under simply wont own homes now.
6.2% seems a low estimate. I know they keep moving the goal posts, but claiming 6.2% in the face of the current price rises feels insulting
Me and my other half are on good salaries, don’t have kids, don’t own a car and our rent is fairly cheap. Yet, we can’t afford to buy property… We’d like to own a car but that would hinder any savings we can put away. It’s a tight rope of choosing one or the other and by the time we can afford property, inflation will have just risen even higher..
I don’t blame the government entirely for the current situation. Inflation is a problem in most places at the moment.
But I do blame them for essentially painting the UK into a corner when it comes to economic policy. Since 2008 we have done nothing to address the deep structural problems in our financial systems. All the government has done is re-inflate the property bubble to the highest levels ever, strip back social security functions and promote cheap debt.
Now we have nowhere to turn.
must be from all those secret parties Ol’ man borris been having!
complete joke, everything goin up apart from wages!
That dude is going to be PM someday. Vote out Tories before you see more damage.
Our life style is already changing in an attempt to adjust to rising costs of living, me and my partner were not so comfortable to begin with but now:
No more TKMAX, only Primark or pep & co
No more Asda, only Lidl and Aldi (booker for bulk buying as well)
No more outings to aquariums or zoos, only free museums from now on.
No more outings to the sea to save fuel, only walks in nearby forest.
No more restaurants and take away or Mac drive through ( okay maybe once or twice a month) , only home prepared food…
Currently logging on and canceling Sky Sports from my BT package and Spotify. Netflix and Amazon Prime next on the list if things get tighter. What is heartbreaking for me is I’m just about to foster a dog after losing mine to old age last year and I know I really should not adopt a dog right now, but what is life? What’s the point of just struggle to the end?
Ah excellent, two recessions, two market crashes, a pandemic and now I get to get told I’m just an entitled millennial for daring to ask for enough money to cover inflation this year. Thank God.
Yeah, the tories will definitely help the working people.
Totally.
Like they did with abstaining from the vote on banning fire and rehire.
Absolutely gonna help the working people.
Instead of fighting each other about who has it hardest / who had it easy – we should be looking up.
We need a change in government – and whilst getting the current crowd out would be great in itself, we need more systemic change than just a party switch. We need PR. We need re-nationalisation of essential services so that people can afford them. We need the money to start flowing down and outward again, because right now it’s all being funnelled to the very top. We need serious focus on enviromental protections, because the climate is going to go into a runaway spiral very soon – if it hasn’t already.
They *want* us to fight each other. They have active strategies about promoting culture wars. Their current is the ‘anti woke’ bullshit, but they’ll switch it up as necessary to keep us in the fighting pit with each other instead of focusing on the source of most of the problems.
Here come the pandemic excuses and ignoring of Brexit
r/unitedkingdom try and understand economics challenge
I find it very concerning people always blame the generations ahead of them, Boomers get a lot of stick for the opportunities they had but it’s hardly their fault the opportunities were there, they just did what any sane person would and that’s take advantage of them. Ultimately if you actually want to blame anyone blame the 1% that hoard most of the worlds money, blame the government, blame the opposition, blame the mainstream media.
Do you really think for the most part your Parents or Grandparents wanted to leave you an economic nightmare!? Probably not!
People in positions of power must love it when the 99% go at each other and blame each other.
I want the best for my kids and if they have kids I want better for them, it will take real a real change to how governments work.
Before I get beaten up or called a boomer, I was born in ‘82
Sunak is worth £200 million and his wife is a Billionaire, why the fuck is he in charge of the budget for normal people..?
Fuck the Tories, we have been on a downward spiral for 12 years and it only looks like speeding up.