(Buckle up) Recession for more than a year

[Vic]

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Good cartoon, except it doesn't show Johnson in his holiday fridge or Trussunak grovelling to their fascist party members.

 

[Vic]

Yep we had some great hols in States when Dollar was crap, swings and roundabouts.

OK, so you went to Disney World.

 

[Gabriel]

Good cartoon, except it doesn't show Johnson in his holiday fridge or Trussunak grovelling to their fascist party members.

Might be worth keeping as a memory of when the BofE was comparatively ‘independent’.

 

[117 M34]

Lots of people have moved jobs recently as part of the 'great resignation' for higher wages as companies try to attract staff.

I would think a fair few of those companies may find they can't afford the high wages they are paying and start making redundancies.

 

[Blue Maverick]

Lots of people have moved jobs recently as part of the 'great resignation' for higher wages as companies try to attract staff.

I would think a fair few of those companies may find they can't afford the high wages they are paying and start making redundancies.

And if they have just started they don’t have to give them much in redundancy pay

 

[Blue Maverick]

And with higher returns comes more risk and uncertainty.

I have no sympathy at all for amateur landlords. Sell the car, get a shopping trolley, downsize the house and eat cold beans.

These are generally the sort of people who lecture others about living within their means and voted for the Tories and austerity because they propped up their house prices.

They provide very little productive or social value to the economy or society.

Are you talking about the people themselves not adding anything! They’ve already added to society and have retired, or maybe they should just go to Switzerland and take a pill ffs.

 

[Blue Maverick]

Totally agree. You buy a house for you and your family to live in, not to make money off it.

Looking after one house is stressful enough - I cant imagine a situation where I'd be remotely tempted to buy a second house either here or abroad.

Too many horror stories about tenants wrecking house not paying up etc, for me to buy one (if I could afford it) also I’ve seen many houses were I wouldn’t live due to terrible landlords.

 

[Vic]

They could have been less greedy and brought a pension plan instead.

What's modest about having three properties?

Just a reminder that the people with second and more homes (not let out) get £400 fuel rebate for each home (and a local vote in each area).

 

[Vic]

Manchester’s GDP is on the up. The second fastest growing in Europe to be precise.

2021 Manchester’s economy grew 8%
The predictions for end of year 2022 is for us to have had a growth of 6.5%

28,000 new jobs in Manchester over the next few years

Greater Manchester’s Economy To Grow By £1.9bn And Create Almost 28,000 Jobs Between 2021 and 2023

www.irwinmitchell.com

They won’t tell you any of this on the News though because it’s too positive. They just want to spread doom and gloom and make people feel miserable and moan about how shit everything is.

Labour mayor.

 

[Vic]

One thing it does is allows savers to start seeing a return on their thriftiness over the years. Maybe they’ll be able to start spending more money as they have more of it.

They'll have to spend more with inflation outstripping savings returns.

They won't as the banks won't pass the rates on anway

They are doing. To the extent that someone who took out a long-term fixed term bond a year ago might be advised to cash it in and lose any interest and reinvest it in a variable rate account.