My theory on rising prices of everything

More demand on goods then prices go up as they say they have to pay more staff etc. What a load of bollocks. If I get a job and the customer adds on 30 thousand items they demand a fucking price cut.
 
Saddleworth2 said:
yeah great idea mate. We could make them pay for their care when they start dribbling too.....
Oh, wait....
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I likely deserved that response for the provocative way I posted that last night tbf.

What I was trying to get at was that there is a genuine generational issue imho of the young having income squeezed whilst there are currently generations of retirees who may have taken retirement from 55, with projected lifespans into the late 80s for example, who did so on very generous terms, final salary schemes etc, whose houses have seen huge increases in value, and who will be drawing state pensions too for a long time, and who, thanks to the triple lock, will be comfortable and then some.
It does apply to all of course, but it does apply.
 
cleavers said:
Petrol and diesel prices are falling. None of their rise previously is due to covid, just rising energy prices globally, and now they are falling for the same reason.

Interest rates (mortgages), are going up because of the previous inflation of energy prices, some of the inflation is also down to wage rises.

You don't see any sign of inflation falling, because you don't understand why it went up in the first place.

Some of it was caused by covid, but nowhere near all of it.
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Inflation is due to the Uk And USA just printing sh1tloads of money to pay for furlough etc. Since the £ is backed by fresh air the more that is in circulation means the less it is worth..which is what we have now..

www.thisismoney.co.uk

Bank of England official concedes printing money fuelled UK inflation

Huw Pill, who took the role last year, said gas prices were the largest driver, adding around 4 percentage points to inflation.
www.thisismoney.co.uk www.thisismoney.co.uk
 
chesterbells said:
I likely deserved that response for the provocative way I posted that last night tbf.

What I was trying to get at was that there is a genuine generational issue imho of the young having income squeezed whilst there are currently generations of retirees who may have taken retirement from 55, with projected lifespans into the late 80s for example, who did so on very generous terms, final salary schemes etc, whose houses have seen huge increases in value, and who will be drawing state pensions too for a long time, and who, thanks to the triple lock, will be comfortable and then some.
It does apply to all of course, but it does apply.
Click to expand...
Probably the same people who saved didn’t have a £1000 phone a few holidays a year, a lease car the same price as a mortgage and actually saved for their retirement, shit happens, don’t blame old people for it, especially those pesky bastards who fought and supported the nation in WW2, thankfully most of them are dead or will be soon.
 
chesterbells said:
who will be drawing state pensions too for a long time,
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yes. As one of the people you refer to, I retired at 56 good pension fund and will get my state pension when I am 66. I’m not rich. I’m not poor. Hopefully I will survive for another 10 years. That’s not long when I think what has been contributed through my NIC over decades. I will be very lucky to get 20% of what I put in. The old are easy targets. Careful what you wish for as you will experience it one day.
 
Saddleworth2 said:
yes. As one of the people you refer to, I retired at 56 good pension fund and will get my state pension when I am 66. I’m not rich. I’m not poor. Hopefully I will survive for another 10 years. That’s not long when I think what has been contributed through my NIC over decades. I will be very lucky to get 20% of what I put in. The old are easy targets. Careful what you wish for as you will experience it one day.
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Thanks for the reply and I wish you a long and happy retirement, just as I hope to have.
However, I honestly don’t think the old are easy targets at all. Far from it; demographically they are an ever increasing proportion of the population- and they exercise their vote in massive numbers relative to younger voters. Anyone who takes on the elderly does so at their peril imho!
 
chesterbells said:
Thanks for the reply and I wish you a long and happy retirement, just as I hope to have.
However, I honestly don’t think the old are easy targets at all. Far from it; demographically they are an ever increasing proportion of the population- and they exercise their vote in massive numbers relative to younger voters. Anyone who takes on the elderly does so at their peril imho!
Click to expand...

Ah, you’ve met my mother in law I see…
 
city2 said:
I might be totally losing the plot but my take on everything rising, mortgages, energy water rates petrol food holidays numerous other bills inflation going through the roof. Then being able to say prices will start falling very soon, because I’m not seeing any sign of inflation coming down people are still spending, who has 500/600 disposal income to manage all these increases. So my theory is all this money is to cover the cost of covid and furlough because it’s cost a fortune and this is to pay the debt
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How does the increase in the cost of, say, carrots repay the bill for covid?
 
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