(Buckle up) Recession for more than a year

bugsyblue said:
A simple way to solve the energy crisis is make the 52% of people who voted for Brexit cover the increase between them. That way, the normal decent rational people aren’t fucked by the knuckle draggers.
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WTF is that post all about?
 
daztrueblue91 said:
Would that makes Liz Truss’s promises of tax cuts to be counter productive to inflation then?
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exactly - you saw that post the other day - a low paid family would be 76p pw better off whereas a wealthy one will get £70 odd - what that misses off is if you have in income less than £12500 or you live solely on benefits for one of many reasons you are already dirt poor and will get zip in terms of financial help.

Whilst I do think Truss is colossally stupid and in no way fit for the job as PM I am certain that her push for this is based on a very limited explanation she has got from someone who has told her its Conservative and Thatcherite so she loved it
 
bluethrunthru said:
Most can't do it. And the way those that can will could be by cutting just about all discretionary spending - so no meals out, fewer take-aways, fewer trips to the cinema, fewer day trips to the seaside, fewer magazine subscriptions, maybe cut out away matches and so on. That means less overtime/extra hours at all those places you are no longer spending so those poor sods are earning less ( some may lose their jobs ) less tax being paid , less profits being made and so on and so on.

Throughout all this you will note the utility companies are getting that £400 pm per household thus swelling their coffers even more with a windfall they never expected and will not be used as any investment - there will be no more power generated by say wind to lower the price - no new reservoirs will be built and so on. Your real enemies are these allegedly privatised monopolies and the Govt who are their enablers.
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Most can. Fortunately the vast majority are on fixed rate mortgages ~75%. Obviously when those deals are up things will change if interest rates show signs of continued increases and inflation remains stubbornly high.
 
bluethrunthru said:
exactly - you saw that post the other day - a low paid family would be 76p pw better off whereas a wealthy one will get £70 odd - what that misses off is if you have in income less than £12500 or you live solely on benefits for one of many reasons you are already dirt poor and will get zip in terms of financial help.

Whilst I do think Truss is colossally stupid and in no way fit for the job as PM I am certain that her push for this is based on a very limited explanation she has got from someone who has told her its Conservative and Thatcherite so she loved it
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Think the tory plan is to have a small mega wealthy elite and the rest of the population as virtual serfs been told they don't work hard enough
 
Vic said:
He was quoting something that obviously wasn't his own opinion or original thought and then claimed he didn't know any of the background (ideology) to the quote.

So no, it doesn't mean that (what you said). Next you'll be claiming you have no ideology behind your opinions.

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I've heard the quote before and had no idea where it had come from, majority of the things Rascal shared in his post I have never heard of either.

Why did it get yours and Rascals back up so much?

I take it back the guy is a conspiracy loon for sure haha.
 
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dave_blue12 said:
To answer that question I would have to analyse each country and just like our central bank they could, of course, be wrong.

But other countries have generally not suffered the same massive increases in energy costs that we have and this is the root cause of our inflation.

Looking at events, it would appear that the BoE and the Government are actively pursuing policies to bring about a recession. Disaster capitalism anyone?
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Absolutely it’s disaster capitalism. They take every opportunity to outsource, deregulate, increase profits for the few, grab land and repurpose it, whilst everyone is ‘looking over there’. It was the whole reason behind Brexit, and Covid was another vehicle used for the advancement of the technology agenda. Klein wrote extensively about it in the 00’s, William Rees Mogg understood and promoted it many years previously.
 
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Corky said:
Like people renting cars a lot more when they used to owned them. It is the direction of travel in some areas.
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Cars would be a good example. Instead of having them sit on drives and clog up streets when you could just pay for it as and when you use it.
 
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