It’s like we’re being goaded into street riots so they can try out their new laws
>The maximum UK state pension of £185.15 per week for 2022/2023 is around 50% of the minimum wage and only 4 out of 10 retirees receive this. It is one of the lowest, as a percentage of average earrings, in the industrialised world even though the National Insurance Fund Account has a surplus of £42.5bn.
Could someone explain what they do with the surplus? I assumed NI payments were to fund state pensions, no? So why the surplus? And why do only 4 out of 10 receive that pension amount?
Of the wealthier countries, the UK’s government has done the most to maximise its exposure to inflationary pressures, undermine the financial wellbeing of its workforce, and escalate poverty and suffering in aid of lining the pockets of greedy corporations.
Some excerpts:
> The UK’s rate of inflation is the highest amongst the G7 countries. The USA rate of inflation is 8.3%; Germany, 7.4%; Canada, 6.7%; Italy, 6%, France 4.8% and Japan’s inflation rate for April 2022 is expected to hit 2.1%.
> The government has shrunk people’s disposable income. Since the 1970s, there has been a relentless attack on trade unions and workers’ rights. Workers’ share of the gross domestic product (GDP), in the form of wages and salaries, has declined from 65.1% in 1976 to barely 50% by the end of March 2022 . . .
> Disposable income has been eroded by never-ending austerity introduced by the government since 2010. Pay rises for public workers continue to be well below the rate of inflation. NHS staff pay increased by just 3%; firefighters by 3% and 1.5% for local government workers. In April, the state pension increased by 3.1%, effectively a cut in real terms . . .
> Regressive tax policies have further depleted people’s purchasing power. The poorest 10% of households pay 47.6% of their income in direct and indirect taxes, compared to 33.5% by the richest 10%. In April 2023, the government imposed another £7.5bn worth of tax increases, which by 2025/26, will remove £40bn from household budgets.
> There is a glut of natural gas and the wholesale price has declined by 80%, but there is no respite for people. One reason is that the UK lacks storage facilities and can’t take advantage of price falls . . .
> In 1986, British Gas was privatised. In 2017, Centrica (owner of British Gas) closed its Rough storage facility, 70% of the UK gas storage capacity, as the government refused to subsidise it. The government did not force the company to prioritise national interest.
Majority of the issues incl privatisation beeline right back to the tories and yet we keep voting them in, the opposition in this country has an attack surface the size of your momma but we still vote these fuckers in.
It doesn’t even mention the mad money printing bender the bank of England has been on, there’s your manufactured inflation. BP also made a 20 billion pound loss not “record profits”.
Mostly down to companies price fixing and profiteering using things like ukraine as an excuse.
Wait, no that’s impossible!! All the major news companies are telling me it’s Russias fault and absolutely nothing to do with our government and they wouldn’t lie to me!!! /s
Wouldn’t surprise me one bit. Anything to make more money for the shareholders.
Ofcourse it is. All stems from over in America and we follow suit
Is anyone surprised by this? Lockdown and print money with no value attached to it, massive government spending in general anyway, and then put sanctions on one of the world’s largest energy and wheat suppliers. The only thing that surprises me is that so many people are surprised that we’re here now
Tories not caring about the non-rich?! Preposterous!!
While yes the day price of gas has dropped 80% all your meter prices are done on year ahead rates which is still vastly inflated (200p about the same as Europe). Cutting the rates now when the times are good is exactly how bulb and other energy companies undercut the market OP is litterly campainging for the same bullshit strategy that destoryed the energy sector 4 months ago.
Energy companies are constrained by having sticky prices at the sale end but liquid proces at the buy end. Yeah somtimes that results in massive wins but more often than not results in massive loss (see bulb). OP needs to learn some basic economics in terms of futures.
It would probably be better if the government had just done absolutely nothing for the last 10 years
This is horseshit. Europe and America are also suffering similar levels of inflation.
I can quickly sum up every post that will be put on the sub in the next week to help save you time.
“Bad things that happen are the Government’s fault. There is zero nuance to any problem.”
I mean the link is from somewhere called left foot forward ffs 😂
Our government have printed billions of pounds to apparently save our NHS and everyone is acting surprised at inflation.
Brexit, there, I fixed it for you. The word the opposition (except SNP) dare not say.
Yep, they got upset their rich mates can’t just hire immigrant workers anymore to undercut working conditions, so they’ll punish everyone.
Listening to lbc the other evening and a caller phoned in on a ‘cost of living’ segment. Went on to ask why supermarkets are posting record profits while everything is rising, the presenter tried shifting the narrative to oil prices, the Ukraine/Russia conflict and the Tories, caller was having none of it and repeated his question. Presenter promptly ended the call and decided the cost of living segment was over and we all needed to speak about the Rooney case instead.
Lbc are a bunch of narrative pushing idiots, scared to answer anything that doesn’t follow whatever agenda they are trying to push, that O’brien bloke is probably the worst offender, the absolute worst in social commentating.
I’d rather be poorer with fewer migrants, Farage, the now, multi millionaire says.
Farage also said, our lower economic growth is a price he is willing we pay to cut immigration.
Brexit: Boris Johnson says UK has ‘taken back control’
Rather myopic to focus solely on the UK, more a case of the last two decades of the western central banking money print-athon coming home to roost.
I think we’ve come to a point where deregulating and cutting business taxes to give the real economy a shot in the arm is our only option.
Closing Rough gas storage was a decision so utterly stupid and short-sighted that’s it’s almost treasonous.
I’m gonna go out on a limb and say Brexit was actually a *good* thing for workers rights.
[Britain has more job vacancies than unemployed people for the first time since records began.](https://bigissue.com/news/employment/the-uk-has-more-job-vacancies-than-unemployed-people-for-the-first-time/) This has resulted in a bidding war where companies have had to actually *increase* wages and improve working conditions in order to attract more applicants, whereas before it was a seller’s market where demand far outstripped supply.
As somebody who spent 18 months unemployed and unable to find a job after doing a History degree, this shitshow definitely brings a smile to my face.
Turns out that when you tell immigrants to fuck off, you lose a huge portion of your labour force.
Getting rid of buy one get one free is going to make things worse as well. Sure it’s unhealthy but it’s food nonetheless. There’s been no real effort to have the same deals (or even make cheaper) for healthy food, and there seems to be a opinion going round that making unhealthy food more expensive will make people go towards the healthy option, when all it will do is make more people struggle to find affordable food. Especially for the poorest in society who are often forgotten.
They are the worst government I’ve ever known in this country. I thought the Thatcher administration was appalling but they were fabulous compared to what we currently have.
I wish I didn’t live in a country of sadomasochists. But here we are. We all adapt. Now I like watching people suffer. Particularly, when they don’t know how good life could be as they already see themselves as superior somehow. Like Joe Rogan would say: “wow”
I honestly don’t get why they keep on saying they’re for the people yet dodge the cost of living crisis and make policies that improve rich people. Tf you mean you’re allowing gas companies to avoid the windfall tax while still pushing up the maximum price they can sell?
Collusion is at hand and we cannot allow these oligopolistic firms to turn into a cartel.
I don’t live in UK (Central European country) and the increases are the same if not more here. So I don’t really understand this
r/leopardsatemyface
no shit…but government would like you to think its all the issues with Ukraine and labour
Yup. Plain as the nose on your face. Has been for 50 years off and on.
Conservatives want you subservient and enhancing their riches, this being our sole purpose in their eyes.
31 comments
It’s like we’re being goaded into street riots so they can try out their new laws
>The maximum UK state pension of £185.15 per week for 2022/2023 is around 50% of the minimum wage and only 4 out of 10 retirees receive this. It is one of the lowest, as a percentage of average earrings, in the industrialised world even though the National Insurance Fund Account has a surplus of £42.5bn.
Could someone explain what they do with the surplus? I assumed NI payments were to fund state pensions, no? So why the surplus? And why do only 4 out of 10 receive that pension amount?
Of the wealthier countries, the UK’s government has done the most to maximise its exposure to inflationary pressures, undermine the financial wellbeing of its workforce, and escalate poverty and suffering in aid of lining the pockets of greedy corporations.
Some excerpts:
> The UK’s rate of inflation is the highest amongst the G7 countries. The USA rate of inflation is 8.3%; Germany, 7.4%; Canada, 6.7%; Italy, 6%, France 4.8% and Japan’s inflation rate for April 2022 is expected to hit 2.1%.
> The government has shrunk people’s disposable income. Since the 1970s, there has been a relentless attack on trade unions and workers’ rights. Workers’ share of the gross domestic product (GDP), in the form of wages and salaries, has declined from 65.1% in 1976 to barely 50% by the end of March 2022 . . .
> Disposable income has been eroded by never-ending austerity introduced by the government since 2010. Pay rises for public workers continue to be well below the rate of inflation. NHS staff pay increased by just 3%; firefighters by 3% and 1.5% for local government workers. In April, the state pension increased by 3.1%, effectively a cut in real terms . . .
> Regressive tax policies have further depleted people’s purchasing power. The poorest 10% of households pay 47.6% of their income in direct and indirect taxes, compared to 33.5% by the richest 10%. In April 2023, the government imposed another £7.5bn worth of tax increases, which by 2025/26, will remove £40bn from household budgets.
> There is a glut of natural gas and the wholesale price has declined by 80%, but there is no respite for people. One reason is that the UK lacks storage facilities and can’t take advantage of price falls . . .
> In 1986, British Gas was privatised. In 2017, Centrica (owner of British Gas) closed its Rough storage facility, 70% of the UK gas storage capacity, as the government refused to subsidise it. The government did not force the company to prioritise national interest.
Majority of the issues incl privatisation beeline right back to the tories and yet we keep voting them in, the opposition in this country has an attack surface the size of your momma but we still vote these fuckers in.
It doesn’t even mention the mad money printing bender the bank of England has been on, there’s your manufactured inflation. BP also made a 20 billion pound loss not “record profits”.
Mostly down to companies price fixing and profiteering using things like ukraine as an excuse.
Wait, no that’s impossible!! All the major news companies are telling me it’s Russias fault and absolutely nothing to do with our government and they wouldn’t lie to me!!! /s
Wouldn’t surprise me one bit. Anything to make more money for the shareholders.
Ofcourse it is. All stems from over in America and we follow suit
Is anyone surprised by this? Lockdown and print money with no value attached to it, massive government spending in general anyway, and then put sanctions on one of the world’s largest energy and wheat suppliers. The only thing that surprises me is that so many people are surprised that we’re here now
Tories not caring about the non-rich?! Preposterous!!
While yes the day price of gas has dropped 80% all your meter prices are done on year ahead rates which is still vastly inflated (200p about the same as Europe). Cutting the rates now when the times are good is exactly how bulb and other energy companies undercut the market OP is litterly campainging for the same bullshit strategy that destoryed the energy sector 4 months ago.
Energy companies are constrained by having sticky prices at the sale end but liquid proces at the buy end. Yeah somtimes that results in massive wins but more often than not results in massive loss (see bulb). OP needs to learn some basic economics in terms of futures.
It would probably be better if the government had just done absolutely nothing for the last 10 years
This is horseshit. Europe and America are also suffering similar levels of inflation.
I can quickly sum up every post that will be put on the sub in the next week to help save you time.
“Bad things that happen are the Government’s fault. There is zero nuance to any problem.”
I mean the link is from somewhere called left foot forward ffs 😂
Our government have printed billions of pounds to apparently save our NHS and everyone is acting surprised at inflation.
Brexit, there, I fixed it for you. The word the opposition (except SNP) dare not say.
Yep, they got upset their rich mates can’t just hire immigrant workers anymore to undercut working conditions, so they’ll punish everyone.
Listening to lbc the other evening and a caller phoned in on a ‘cost of living’ segment. Went on to ask why supermarkets are posting record profits while everything is rising, the presenter tried shifting the narrative to oil prices, the Ukraine/Russia conflict and the Tories, caller was having none of it and repeated his question. Presenter promptly ended the call and decided the cost of living segment was over and we all needed to speak about the Rooney case instead.
Lbc are a bunch of narrative pushing idiots, scared to answer anything that doesn’t follow whatever agenda they are trying to push, that O’brien bloke is probably the worst offender, the absolute worst in social commentating.
I’d rather be poorer with fewer migrants, Farage, the now, multi millionaire says.
Farage also said, our lower economic growth is a price he is willing we pay to cut immigration.
Brexit: Boris Johnson says UK has ‘taken back control’
Rather myopic to focus solely on the UK, more a case of the last two decades of the western central banking money print-athon coming home to roost.
I think we’ve come to a point where deregulating and cutting business taxes to give the real economy a shot in the arm is our only option.
Closing Rough gas storage was a decision so utterly stupid and short-sighted that’s it’s almost treasonous.
I’m gonna go out on a limb and say Brexit was actually a *good* thing for workers rights.
[Britain has more job vacancies than unemployed people for the first time since records began.](https://bigissue.com/news/employment/the-uk-has-more-job-vacancies-than-unemployed-people-for-the-first-time/) This has resulted in a bidding war where companies have had to actually *increase* wages and improve working conditions in order to attract more applicants, whereas before it was a seller’s market where demand far outstripped supply.
As somebody who spent 18 months unemployed and unable to find a job after doing a History degree, this shitshow definitely brings a smile to my face.
Turns out that when you tell immigrants to fuck off, you lose a huge portion of your labour force.
Getting rid of buy one get one free is going to make things worse as well. Sure it’s unhealthy but it’s food nonetheless. There’s been no real effort to have the same deals (or even make cheaper) for healthy food, and there seems to be a opinion going round that making unhealthy food more expensive will make people go towards the healthy option, when all it will do is make more people struggle to find affordable food. Especially for the poorest in society who are often forgotten.
They are the worst government I’ve ever known in this country. I thought the Thatcher administration was appalling but they were fabulous compared to what we currently have.
I wish I didn’t live in a country of sadomasochists. But here we are. We all adapt. Now I like watching people suffer. Particularly, when they don’t know how good life could be as they already see themselves as superior somehow. Like Joe Rogan would say: “wow”
I honestly don’t get why they keep on saying they’re for the people yet dodge the cost of living crisis and make policies that improve rich people. Tf you mean you’re allowing gas companies to avoid the windfall tax while still pushing up the maximum price they can sell?
Collusion is at hand and we cannot allow these oligopolistic firms to turn into a cartel.
I don’t live in UK (Central European country) and the increases are the same if not more here. So I don’t really understand this
r/leopardsatemyface
no shit…but government would like you to think its all the issues with Ukraine and labour
Yup. Plain as the nose on your face. Has been for 50 years off and on.
Conservatives want you subservient and enhancing their riches, this being our sole purpose in their eyes.