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-   -   Rising cost of living (https://www.cableforum.uk/board/showthread.php?t=33710461)

Taf 20-02-2023 13:00

Re: Rising cost of living
 
Our water bill has arrived.

Up 11.2% to £825pa.

Hugh 20-02-2023 13:48

Re: Rising cost of living
 
Quote:

Originally Posted by Taf (Post 36146383)
Our water bill has arrived.

Up 11.2% to £825pa.

Wow!

We pay £37 per month by Direct Debit…

TheDaddy 20-02-2023 14:16

Re: Rising cost of living
 
Quote:

Originally Posted by Hugh (Post 36146389)
Wow!

We pay £37 per month by Direct Debit…

Yeah think mines £23 or something, I begrudge them every penny to

Paul 20-02-2023 14:34

Re: Rising cost of living
 
Quote:

Originally Posted by Taf (Post 36146383)
Our water bill has arrived.

Up 11.2% to £825pa.

Wow, how many swimming pools do you have.

Mr K 20-02-2023 15:48

Re: Rising cost of living
 
Quote:

Originally Posted by Taf (Post 36146383)
Our water bill has arrived.

Up 11.2% to £825pa.

Are you on a water meter?

Jaymoss 20-02-2023 15:50

Re: Rising cost of living
 
Quote:

Originally Posted by Mr K (Post 36146407)
Are you on a water meter?

How would he know the per annum rate if he was?

denphone 20-02-2023 16:08

Re: Rising cost of living
 
Quote:

Originally Posted by TheDaddy (Post 36146397)
Yeah think mines £23 or something, I begrudge them every penny to

Ours is around £45 per quarter which is good compared to our energy bills.

spiderplant 20-02-2023 19:43

Re: Rising cost of living
 
Quote:

Originally Posted by Paul (Post 36146401)
Wow, how many swimming pools do you have.

Taf's in Wales. Water is famously scarce there. ;)

Taf 20-02-2023 20:30

Re: Rising cost of living
 
From £61.79pm to £68.71pm. Welsh Water has no shareholders, and the adverts say it's "Not for profit".

No meter, no swimming pools, the garden is watered by rainwater from 2 butts.

---------- Post added at 20:30 ---------- Previous post was at 20:17 ----------

I just looked at Anglian Water charges. Up from £581.35 to £663. That's 14% up!

Paul 20-02-2023 21:05

Re: Rising cost of living
 
Mine is £418.81 for 2023.

Chris 20-02-2023 21:08

Re: Rising cost of living
 
Scottish Water was never privatised and water/sewage charges are set nationally and based on council tax bands. If you’re in a band D house you paid £478 for the year just passed and £502 from this April. At band F I’ve been paying £691 and this will go up to £725.

I was blessed with a communal septic tank at my old house which cost about £500 to empty, every 3 years, split between 7 houses - saved us a fortune on sewage charges over the years we were there.

(Edited with correct figures for last year and this year)

Paul 20-02-2023 21:17

Re: Rising cost of living
 
Quote:

Originally Posted by Paul (Post 36146452)
Mine is £418.81 for 2023.

Looking at previous bills, its gone up by 10.8%, which is actually less than last year, when it went up by 11.1%.

Chris 20-02-2023 21:29

Re: Rising cost of living
 
Ours is up about 5% this year.

TheDaddy 21-02-2023 13:48

Re: Rising cost of living
 
Just got the service charge for the flat, £2909 :shocked:

More than double last years and two thirds more than 2020's :shocking:

GrimUpNorth 21-02-2023 20:25

Re: Rising cost of living
 
Quote:

Originally Posted by TheDaddy (Post 36146518)
Just got the service charge for the flat, £2909 :shocked:

More than double last years and two thirds more than 2020's :shocking:

What do you get for that?

TheDaddy 21-02-2023 20:30

Re: Rising cost of living
 
Quote:

Originally Posted by GrimUpNorth (Post 36146554)
What do you get for that?

Not a lot, cleaning, communal heating, minor repairs, buildings insurance, that kind of thing, nothing special, oh and ten quid ground rent

GrimUpNorth 21-02-2023 23:00

Re: Rising cost of living
 
Quote:

Originally Posted by TheDaddy (Post 36146556)
Not a lot, cleaning, communal heating, minor repairs, buildings insurance, that kind of thing, nothing special, oh and ten quid ground rent

That seems a lot of money for pretty little in return. Have you and your neighbours thought about self managing?

TheDaddy 21-02-2023 23:06

Re: Rising cost of living
 
Quote:

Originally Posted by GrimUpNorth (Post 36146570)
That seems a lot of money for pretty little in return. Have you and your neighbours thought about self managing?

We're not all owners sadly, I am going to email them tomorrow though, if nothing else to get a grip on next years increase

Damien 22-02-2023 08:20

Re: Rising cost of living
 
Quote:

Originally Posted by TheDaddy (Post 36146556)
Not a lot, cleaning, communal heating, minor repairs, buildings insurance, that kind of thing, nothing special, oh and ten quid ground rent

Yeah, mine has gone up £40 a month! :rolleyes: To about £2,800!

Many of us from the building will challenge for the same reason as making it clear they can't fleece us further the following year. It's something like a 20% increase overall, which is unsustainable in the long term, especially when you think further increases are a percentage increase over the existing massive increase! :shocked:

It'll become impossible to sell if service charges get too high as well.

Taf 22-02-2023 12:02

Re: Rising cost of living
 
For those that had bought their flats under Right-To-Buy, service charges were already higher than the full council rent we were paying. And they each got clobbered to pay 1/124th of the cost of overcladding, new windows and doors, plus safety upgrades.

TheDaddy 22-02-2023 12:35

Re: Rising cost of living
 
Quote:

Originally Posted by Damien (Post 36146599)
Yeah, mine has gone up £40 a month! :rolleyes: To about £2,800!

Many of us from the building will challenge for the same reason as making it clear they can't fleece us further the following year. It's something like a 20% increase overall, which is unsustainable in the long term, especially when you think further increases are a percentage increase over the existing massive increase! :shocked:

It'll become impossible to sell if service charges get too high as well.

I didn't bother emailing them, I emailed my MP instead for what good that'll do, it's crazy we're spending double on heating communal areas than I'm spending for all my energy in the flat :spin:

Damien 22-02-2023 13:54

Re: Rising cost of living
 
Quote:

Originally Posted by TheDaddy (Post 36146631)
I didn't bother emailing them, I emailed my MP instead for what good that'll do, it's crazy we're spending double on heating communal areas than I'm spending for all my energy in the flat :spin:

Who runs your block?

Did they even give you a breakdown of the forthcoming year's charges? We're still chasing that to see where the breakdown comes from and whilst it's worth writing to your MP it's also worth challenging them directly to justify it.

Corey N Georgie 22-02-2023 14:22

Re: Rising cost of living
 
We worked out last night since Last December when I went into hospital until now, we shop at Tesco our average weekly shop has risen from £85 to around £110.

TheDaddy 22-02-2023 14:27

Re: Rising cost of living
 
Quote:

Originally Posted by Damien (Post 36146638)
Who runs your block?

Did they even give you a breakdown of the forthcoming year's charges? We're still chasing that to see where the breakdown comes from and whilst it's worth writing to your MP it's also worth challenging them directly to justify it.

The council, I've seen the breakdown and rang them where a prepared statement was read out "for anyone phoning moaning", wasn't satisfied with their rationales either tbh

Hugh 24-02-2023 10:00

Re: Rising cost of living
 
Quote:

Originally Posted by Hugh (Post 36146389)
Wow!

We pay £37 per month by Direct Debit…

Just had a letter from Yorkshire Water, and we are in credit for this year (£6.92, woohoo!), and our DD is staying the same for next year (we have a meter).

heero_yuy 24-02-2023 10:57

Re: Rising cost of living
 
I looked back and our last water bill was £72 odd for 6 months. We have a meter and try not to waste it.

Jaymoss 24-02-2023 11:27

Re: Rising cost of living
 
My water bill went up over 50%. Thankfully I am on the Big Difference Scheme and it went up from £24 to £49

daveeb 24-02-2023 17:27

Re: Rising cost of living
 
Quote:

Originally Posted by Hugh (Post 36146881)
Just had a letter from Yorkshire Water, and we are in credit for this year (£6.92, woohoo!), and our DD is staying the same for next year (we have a meter).

We just got a letter from Yorkshire water (no meter), gone to around £860 from just over £800 :( must be due to the the 10 bedroom mansion we live in :shocked:

GrimUpNorth 24-02-2023 17:32

Re: Rising cost of living
 
Quote:

Originally Posted by Hugh (Post 36146881)
Just had a letter from Yorkshire Water, and we are in credit for this year (£6.92, woohoo!), and our DD is staying the same for next year (we have a meter).

Quote:

Originally Posted by daveeb (Post 36146919)
We just got a letter from Yorkshire water (no meter), gone to around £860 from just over £800 :( must be due to the the 10 bedroom mansion we live in :shocked:

Nothing from Yorkshire Water yet but because of the hosepipe ban (and electricity prices) we didn't use the Jacuzzi this winter so our usage should be well down. Currently pay £30 per month on a meter.

Hugh 24-02-2023 17:57

Re: Rising cost of living
 
Quote:

Originally Posted by daveeb (Post 36146919)
We just got a letter from Yorkshire water (no meter), gone to around £860 from just over £800 :( must be due to the the 10 bedroom mansion we live in :shocked:

Wow!

We live in a 4 bed detached, but there are only 2 of us (+ 3 yo grandson 1or 2 nights a week).

daveeb 24-02-2023 20:27

Re: Rising cost of living
 
Quote:

Originally Posted by Hugh (Post 36146924)
Wow!

We live in a 4 bed detached, but there are only 2 of us (+ 3 yo grandson 1or 2 nights a week).

3 bed smallish 1970's detached, band C, 4 of us. It's always been really expensive but I'm beginning to wonder if they've got us confused with some of the Adel millionaires. Looking at what others here are paying we're the second highest :erm: I wonder if the rateable value charged is based solely on the house band, if so it's crazy expensive.

spiderplant 24-02-2023 21:19

Re: Rising cost of living
 
Quote:

Originally Posted by daveeb (Post 36146931)
3 bed smallish 1970's detached, band C, 4 of us. It's always been really expensive but I'm beginning to wonder if they've got us confused with some of the Adel millionaires. Looking at what others here are paying we're the second highest :erm: I wonder if the rateable value charged is based solely on the house band, if so it's crazy expensive.

https://www.yorkshirewater.com/bill-...a-water-meter/

We have a meter and pay £44 a month for two people (but heavy users)

Hugh 24-02-2023 21:35

Re: Rising cost of living
 
Quote:

Originally Posted by daveeb (Post 36146931)
3 bed smallish 1970's detached, band C, 4 of us. It's always been really expensive but I'm beginning to wonder if they've got us confused with some of the Adel millionaires. Looking at what others here are paying we're the second highest :erm: I wonder if the rateable value charged is based solely on the house band, if so it's crazy expensive.

cough cough ;)

Seriously though, we are Band E in the Leeds Council Tax bands, so pretty sure it’s not linked that way (but we are metered).

daveeb 24-02-2023 22:57

Re: Rising cost of living
 
Quote:

Originally Posted by Hugh (Post 36146938)
cough cough ;)

Seriously though, we are Band E in the Leeds Council Tax bands, so pretty sure it’s not linked that way (but we are metered).

:D OK not all millionaires, some nice houses there though.

---------- Post added at 22:57 ---------- Previous post was at 22:50 ----------

Quote:

Originally Posted by spiderplant (Post 36146936)
https://www.yorkshirewater.com/bill-...a-water-meter/

We have a meter and pay £44 a month for two people (but heavy users)

Thanks SP, I'd looked at that and we seem to be at the high end of the "is it worth getting a meter" scale based on occupancy. Not sure we fancy a meter based on the leakiness of various household appliances it could be out of the frying pan into the fire.

papa smurf 25-02-2023 10:20

Re: Rising cost of living
 
my water charges with Anglian water
2021-£545

2022-£606

2023-£691

i resent paying this much to a company that discharges raw sewage into the estuary, and has buggered up our beaches blue flag status

Mr K 25-02-2023 10:33

Re: Rising cost of living
 
Quote:

Originally Posted by papa smurf (Post 36146956)
my water charges with Anglian water
2021-£545

2022-£606

2023-£691

i resent paying this much to a company that discharges raw sewage into the estuary, and has buggered up our beaches blue flag status

Yes but it made £96 million profit last year, you should have bought some shares.

Mrs T knew what she was doing, her legacy is with us every day....

Taf 25-02-2023 16:49

Re: Rising cost of living
 
Our lad likes a Fray Bentos pie. They were 89p for years, then £1. But in the past couple of months have been hiked to £2 and today £3!

Paul 03-03-2023 17:51

Re: Rising cost of living
 
Stamps are going up.

Quote:

First class stamp price to rise to £1.10
https://www.bbc.co.uk/news/business-64840646

Mr K 04-03-2023 10:41

Re: Rising cost of living
 
Quote:

Originally Posted by Paul (Post 36147385)

A privatised industry, what did we expect? Declining and more expensive service. Profits are everything.
Same for other privatised public services like water.

You get what you vote for, and the UK certainly has. Even the current shortages in the shops , shortages of workers in essential services, spiralling prices, can be traced to people not doing 'thinking' before they vote.

RichardCoulter 04-03-2023 13:28

Re: Rising cost of living
 
Quote:

Originally Posted by Paul (Post 36147385)

You can't even buy in bulk to escape the price rise now that they are barcoded.

Anyone with a stock of these old style stamps has to send them back in to be replaced.

---------- Post added at 13:25 ---------- Previous post was at 13:25 ----------

Quote:

Originally Posted by Mr K (Post 36147435)
A privatised industry, what did we expect? Declining and more expensive service. Profits are everything.
Same for other privatised public services like water.

You get what you vote for, and the UK certainly has. Even the current shortages in the shops , shortages of workers in essential services, spiralling prices, can be traced to people not doing 'thinking' before they vote.

Exactly.

---------- Post added at 13:28 ---------- Previous post was at 13:25 ----------

Quote:

Originally Posted by Mr K (Post 36146960)
Yes but it made £96 million profit last year, you should have bought some shares.

Mrs T knew what she was doing, her legacy is with us every day....

Yep, the sole reason for a company's existence is to make a profit.

Sure, the odd one might do something altruistic, but the law requires directors to always put the interests of shareholders first.

Paul 04-03-2023 15:31

Re: Rising cost of living
 
Quote:

Originally Posted by RichardCoulter (Post 36147445)
You can't even buy in bulk to escape the price rise now that they are barcoded.

Says who ?


Quote:

Originally Posted by RichardCoulter (Post 36147445)
Anyone with a stock of these old style stamps has to send them back in to be replaced

The none barcoded stamps ? Yes.

Hugh 04-03-2023 15:52

Re: Rising cost of living
 
Quote:

Originally Posted by RichardCoulter (Post 36147445)
You can't even buy in bulk to escape the price rise now that they are barcoded.

Anyone with a stock of these old style stamps has to send them back in to be replaced.

---------- Post added at 13:25 ---------- Previous post was at 13:25 ----------



Exactly.

---------- Post added at 13:28 ---------- Previous post was at 13:25 ----------



Yep, the sole reason for a company's existence is to make a profit.

Sure, the odd one might do something altruistic, but the law requires directors to always put the interests of shareholders first
.

Not true...

As previously posted when you made this assertion before

Quote:

Quote:

Originally Posted by RichardCoulter View Post
Generally speaking, the primary goal of private companies is to make as much profit as possible (in fact this is a legal requirement of directors). Even things like improving customer service are done with this in mind.

Add the relaxation of the regulations into the mix to aid private companies and this is the result.

If the BBC were to be scrapped or neutered (as some would like) this situation would reflect the whole of the broadcasting landscape.

I do feel for the staff (including office & support staff), though I doubt Roman Kemp will be going hungry if he's one that gets the chop!
Myth - belief, not law...

https://www.taxresearch.org.uk/Blog/...-to-avoid-tax/

Quote:

So what is abundantly clear is that in UK law there is:

a) No duty to maximise profit

b) No duty to minimise tax bills

c) A clear duty to exercise judgement.
https://www.telegraph.co.uk/finance/...only-duty.html

Quote:

First, the law.

The Companies Act 2006 Section 172 requires directors to promote the success of the company, but with regard to six factors:
the likely long-term consequences of a decision;
the interests of employees;
relationships with suppliers and customers;
the firm’s impact on the community and the environment;
its reputation for high standards of business conduct;
and the need to act fairly between shareholders.

The effect is precisely to prevent managements from automatically pleading a duty simply to maximise shareholder value.
https://www.icsa.org.uk/knowledge/go...purpose-profit

You appear to be misinterpreting Section 172(1) of the Companies Act 2006, which defines a director’s duty ‘"to promote the success of the company for the benefit of its members as a whole’, while having ‘regard to’ various other stakeholder interests. ".

"Promoting the success of the company" is not the same thing as "make as much profit as possible" - I would have thought you would have known that, having been the director of a company?

As an (slightly tongue-in-cheek) aside, if, as you say, Directors have a legal requirement to make as much profit as possible, doesn't that mean they should pay themselves less, thus increasing the company profits?

RichardCoulter 04-03-2023 17:47

Re: Rising cost of living
 
Quote:

Originally Posted by Paul (Post 36147450)
Says who ?



The none barcoded stamps ? Yes.

Well, you can, but what would be the point if you can't escape the price times?

spiderplant 04-03-2023 19:49

Re: Rising cost of living
 
Quote:

Originally Posted by RichardCoulter (Post 36147445)
You can't even buy in bulk to escape the price rise now that they are barcoded.

Anyone with a stock of these old style stamps has to send them back in to be replaced.

They don't charge to replace them, so you can stockpile. I know someone who's got about 400. He bought them to promote an event that got canned due to the pandemic, but they've been replaced by barcoded ones no problem.

RichardCoulter 04-03-2023 20:51

Re: Rising cost of living
 
Quote:

Originally Posted by spiderplant (Post 36147467)
They don't charge to replace them, so you can stockpile. I know someone who's got about 400. He bought them to promote an event that got canned due to the pandemic, but they've been replaced by barcoded ones no problem.

I think you can only buy barcoded ones now though. Do you know if these say 1st or 2nd class on them, or if the barcode can tell how much you paid and require extra payment when postage costs increase?

I do believe that special commemorative stamps aren't barcoded and work in the old way. This may be a workaround to circumvent the new system/price rises.

Sephiroth 04-03-2023 22:34

Re: Rising cost of living
 
The 1st or 2nd class markings are quite distinct on bottom left of the stamp.

Paul 04-03-2023 22:34

Re: Rising cost of living
 
The stamps still show 1st or 2nd on them (and are still different colours afaik).
There is zero evidence anywhere that they would "expire" when the price rises - because doing so would be completely unworkable.
They are having enough trouble swapping out the none barcoded ones - imagine if they had to do that everytime the price went up.

Mad Max 06-03-2023 17:37

Re: Rising cost of living
 
Couldn't tell you the last time that I posted anything, so much is done online now.

1andrew1 11-03-2023 11:33

Re: Rising cost of living
 
Quote:

Originally Posted by papa smurf (Post 36146956)
my water charges with Anglian water
2021-£545

2022-£606

2023-£691

i resent paying this much to a company that discharges raw sewage into the estuary, and has buggered up our beaches blue flag status

You're right to resent it.
I'm paying £731 for a two-bedroomed flat, two of us, no water meters can be fitted.

This might be why it's so pricey.
Quote:

Thames Water braced for crunch talks over £14bn debt-pile
Britain's biggest water company has hired Rothschild and Slaughter & May to help evaluate financing options for its vast balance sheet, Sky News learns.
https://news.sky.com/story/thames-wa...-pile-12830843

nomadking 11-03-2023 11:56

Re: Rising cost of living
 
Quote:

Originally Posted by 1andrew1 (Post 36147955)
You're right to resent it.
I'm paying £731 for a two-bedroomed flat, two of us, no water meters can be fitted.

This might be why it's so pricey.

https://news.sky.com/story/thames-wa...-pile-12830843

Individual water meters can be fitted in flats. Just needs to be fitted near the stopcock.

1andrew1 11-03-2023 13:04

Re: Rising cost of living
 
Quote:

Originally Posted by nomadking (Post 36147957)
Individual water meters can be fitted in flats. Just needs to be fitted near the stopcock.

Agreed they can be fitted in some flats but not ours. Think it's because it's a communal stopcock for the block.

TheDaddy 11-03-2023 13:07

Re: Rising cost of living
 
Quote:

Originally Posted by papa smurf (Post 36146956)
my water charges with Anglian water
2021-£545

2022-£606

2023-£691

i resent paying this much to a company that discharges raw sewage into the estuary, and has buggered up our beaches blue flag status

Ah well, it's what we voted for

Quote:

Originally Posted by 1andrew1 (Post 36147955)
You're right to resent it.
I'm paying £731 for a two-bedroomed flat, two of us, no water meters can be fitted.

This might be why it's so pricey.

https://news.sky.com/story/thames-wa...-pile-12830843


I pay £25 a month because they can't fit a meter, you should insist as if they can't fit one they have to put you on a cheaper tariff

Quote:

Originally Posted by nomadking (Post 36147957)
Individual water meters can be fitted in flats. Just needs to be fitted near the stopcock.

That's not where the issue is...

1andrew1 11-03-2023 13:28

Re: Rising cost of living
 
Thanks, I will ask them for the assessed charge.

Damien 22-03-2023 09:04

Re: Rising cost of living
 
Not great news: https://www.bbc.co.uk/news/business-65026231

Quote:

The cost of living unexpectedly increased last month after shortages of salad and vegetables helped push food prices to their highest for 45 years.

Alcohol prices in restaurants and pubs also drove up costs for households as inflation jumped to 10.4% in the year to February from 10.1% in January.

Clothing costs, particularly for children and women, rose last month but fuel prices continued to fall.

The surprise figures come ahead of a decision on interest rates on Thursday.

denphone 22-03-2023 09:14

Re: Rising cost of living
 
l only need to look at food prices with our online shop each week and quite a few items are still going up significantly.

Inactive Digital 22-03-2023 09:51

Re: Rising cost of living
 
Quote:

Originally Posted by denphone (Post 36148594)
l only need to look at food prices with our online shop each week and quite a few items are still going up significantly.

Aldi seems to be the worst at the moment, with prices for some products increasing almost weekly.

Taf 22-03-2023 10:11

Re: Rising cost of living
 
Quote:

Originally Posted by Inactive Digital (Post 36148597)
Aldi seems to be the worst at the moment, with prices for some products increasing almost weekly.

But they started at a much lower level than the other shops. Simple percentage increases don't tell the whole story.

One yardstick I use is the cost of chicken thigh fillets.

Aldi £4.48 /kg
Lidl £4.58 /kg
Morrisons £5.99 /kg
Tesco £6.00 /kg
Asda £6.77 /kg
Waitrose £8.89 /kg
Sainsburys £9.06 /kg

Mr K 22-03-2023 21:06

Re: Rising cost of living
 
'Which' do a good monthly comparison of supermarket prices. No wonder Morrisons are in trouble, they come out very badly. Lidl for me these days usually topped up with a big Sainsburys shop when they got their 25% off wine offer on :) Can't stand Aldi, gives me a migraine....

https://www.which.co.uk/reviews/supe...n-aPpYp9j1MFin
Quote:

Supermarket Average basket price
Aldi £74.81
Lidl £77.50
Sainsbury's £85.25
Tesco £85.32
Asda £85.81
Morrisons £89.01
Ocado £89.96
Waitrose £96.59

nomadking 22-03-2023 21:47

Re: Rising cost of living
 
Apr 22 figure was +2.1%. We'll have to wait until that drops out of the annual figure. So even if the Apr 23 is +1%, then the annual figure will drop by 1.1%.

pip08456 27-03-2023 20:49

Re: Rising cost of living
 
Dates revealed for when millions will receive cost of living payments.

A total of £900 over the year . first payment of £301 between April 25th and 17th May'

£300 in autumn and £299 in spring.

https://news.sky.com/story/dates-rev...ments-12843397

Paul 28-03-2023 01:06

Re: Rising cost of living
 
Nice if you qualify.
Bizarre how they have done 301, 300, 299.

Hugh 28-03-2023 15:44

Re: Rising cost of living
 
Telegraph headline

Quote:

Early retirement has forced up inflation, says Andrew Bailey
Telegraph article

Quote:

Despite the Bank’s actions, inflation still stands at 10.4pc, more than five times its target and the highest rate in the G7 group of major economies.

In his speech at the London School of Economics, Mr Bailey said that this had been triggered by a combination of crises such as Covid and the Russian invasion of Ukraine, as well as post-Brexit changes to the country's trading relationship with the European Union.

He said: “These shocks have affected the UK economy in different ways. But they have all eroded the terms on which we trade with the outside world.

“This has made us poorer as a country, manifesting itself in a rise in the prices we have to pay for the things we buy as consumers.”

He added that the sharp and unexpected fall in the number of people in the workforce since lockdown was partly responsible.
https://12ft.io/proxy?ref=&q=https:/...andrew-bailey/

1701-e 28-03-2023 15:58

Re: Rising cost of living
 
Quote:

Originally Posted by Paul (Post 36148857)
Bizarre how they have done 301, 300, 299.

Makes it easier to identify if/when people report non receipt etc

Chrysalis 29-03-2023 04:00

Re: Rising cost of living
 
Quote:

Originally Posted by Hugh (Post 36148888)
Telegraph headline



Telegraph article



https://12ft.io/proxy?ref=&q=https:/...andrew-bailey/

Sounds like a sales pitch for government policy.

Rising interest rates by its nature is designed to increase poverty and unemployment, as it has long been believed a poorer population reduces inflation via lower demand for goods. A banker even admitted this not that long ago in an interview in America when pushed hard on it. But even without doing so it is obvious, raising interest rates causes financial misery.

So why is he blaming early retirement? With more people unemployed there is less spending power, which based on the basic principles of inflation will lower inflation, the only reason I can think off is the government asked him to back up their policy.

Early retirement isnt even the main reason for increased job vacancies, the primary cause is the zero asylum and cancellation of freedom of movement policies. Blaming the sick, and people who have retired is a distraction.

jonbxx 29-03-2023 09:07

Re: Rising cost of living
 
Quote:

Originally Posted by Chrysalis (Post 36148916)
Early retirement isnt even the main reason for increased job vacancies, the primary cause is the zero asylum and cancellation of freedom of movement policies. Blaming the sick, and people who have retired is a distraction.

Though I am a big fan of the freedom to move for workers, I am not sure lack of migration is the whole story here. The area of concern is the older age bracket. Over half of the post COVID newly economically inactive group are in the 50-64 year old group (source) This group is relatively high earning before leaving the workforce and highly skilled. Replacing these workers isn’t easy, even through attracting workers from abroad - upping sticks to move abroad is challenging enough but doing it in your 50s or 60s is a big deal.

If low workforce supply increases wage growth, then the effects are much higher in terms of costs at the top end, driving inflation more than lack of low skill, low pay workers. It paid off for me when I got a new job recently with a huge pay rise!

That said, if I could afford to retire now, I would be offski. Work to live, not live to work…

Hugh 29-03-2023 09:37

Re: Rising cost of living
 
Quote:

Originally Posted by Chrysalis (Post 36148916)
Sounds like a sales pitch for government policy.

Rising interest rates by its nature is designed to increase poverty and unemployment, as it has long been believed a poorer population reduces inflation via lower demand for goods. A banker even admitted this not that long ago in an interview in America when pushed hard on it. But even without doing so it is obvious, raising interest rates causes financial misery.

So why is he blaming early retirement? With more people unemployed there is less spending power, which based on the basic principles of inflation will lower inflation, the only reason I can think off is the government asked him to back up their policy.

Early retirement isnt even the main reason for increased job vacancies, the primary cause is the zero asylum and cancellation of freedom of movement policies. Blaming the sick, and people who have retired is a distraction.

What he said was two contradictory things...

Quote:

Mr Bailey said that people taking early retirement are spending savings to maintain their lifestyle, maintaining demand in the economy, at the same time as dropping out of the workforce and reducing the supply of labour.

This combination of a shrinking workforce and higher spending by retirees in turn is driving up prices, forcing the Bank ot raise interest rates more swiftly.

He said: “The rise in economic inactivity is a change to the supply of labour, independent of demand, in particular by older workers.

“If those workers have accumulated enough savings to sustain a desired level of consumption much like the one they had before their early retirement, at least for a while, aggregate demand will not have fallen by as much as aggregate supply.
I'm not a big fan of anecdata, but since we retired, we are spending less (to live within our means), so eating out a lot less, and only dipping into our savings for fixes to the home (replacement side fence, five replacement double glazed panes, etc.). OK, we had four holidays abroad last year, but that was to make up for not having any for two years...

Paul 29-03-2023 13:33

Re: Rising cost of living
 
Quote:

Originally Posted by jonbxx (Post 36148924)
That said, if I could afford to retire now, I would be offski. Work to live, not live to work…

Ditto, I wish I could afford to retire, but inflation has killed any chance of that for quite a while.

Sephiroth 29-03-2023 21:01

Re: Rising cost of living
 
Quote:

Originally Posted by Paul (Post 36148935)
Ditto, I wish I could afford to retire, but inflation has killed any chance of that for quite a while.

[COLOR="blue”]
Nothing will make me retire other than through incapacity. Work keeps the brain going. Plus the dosh, of course.

One or two people on here make my point very well!
[/COLOR]

Chrysalis 30-03-2023 06:03

Re: Rising cost of living
 
Quote:

Originally Posted by Hugh (Post 36148927)
What he said was two contradictory things...



I'm not a big fan of anecdata, but since we retired, we are spending less (to live within our means), so eating out a lot less, and only dipping into our savings for fixes to the home (replacement side fence, five replacement double glazed panes, etc.). OK, we had four holidays abroad last year, but that was to make up for not having any for two years...

Thank you for highlighting the quoted bits that explained his reasoning, your own personal experience though is what I would expect from someone with a drop in income.

Hugh 30-03-2023 09:17

Re: Rising cost of living
 
Quote:

Originally Posted by Sephiroth (Post 36148951)
[COLOR="blue”]
Nothing will make me retire other than through incapacity. Work keeps the brain going. Plus the dosh, of course.

One or two people on here make my point very well!
[/COLOR]

Thats a bit harsh on your fellow Wokey CF’er… :nono:

tbf, it might be something in the water in RG12/RG40 that could be causing the seemingly prevalent cognitive impairment… :scratch:

ianch99 30-03-2023 12:26

Re: Rising cost of living
 
Quote:

Originally Posted by Hugh (Post 36148963)
Thats a bit harsh on your fellow Wokey CF’er… :nono:

tbf, it might be something in the water in RG12/RG40 that could be causing the seemingly prevalent cognitive impairment… :scratch:

No surprises here. It is Woke-ingham after all :D

tweetiepooh 31-03-2023 10:14

Re: Rising cost of living
 
On the other side of cost of living rises are the costs faced by producers. They too need to eat and in many cases prices have been artificially kept low by the big purchasers and fixing. Why should farmers, especially in areas like dairy, not be paid properly? I have family in the dairy industry and, for some, if it weren't that they love there stock they just wouldn't do it.

Maggy 31-03-2023 11:36

Re: Rising cost of living
 
I've gone back to make and mend just like my mother and father taught me.Which is why I got my old washer,dryer and stove fixed. Pity the fridge freezer didn't oblige.Amazing how long t-shirts can last as well if you take care with them.Same with old woollens.A bit of make and mend goes a long way.

Sephiroth 31-03-2023 12:18

Re: Rising cost of living
 
Quote:

Originally Posted by Hugh (Post 36148963)
Thats a bit harsh on your fellow Wokey CF’er… :nono:

tbf, it might be something in the water in RG12/RG40 that could be causing the seemingly prevalent cognitive impairment… :scratch:

No surprise that Hugh & Ian jumped onto this one.

Btw, who lives in RG12? Not me. But were you accusing me of some impairment?

Also, nice to see OB back in this section.

Hom3r 03-04-2023 12:18

Re: Rising cost of living
 
I'm a full-time carer for my dad and I get a crap £480 a month, I was on Universal Credit where I was expected to search for a job, but I had told my joc coach about my dad being in hospital and when he is released I will be his carer.


He gave me the benifit of the doubt as I was honest with him form day one.

So when my dad got Attendance Allowance (This pays for the food) I was then able to get Carers Allowance, which comes out of UC, plus I get a roughly £150 top up.

But still crap money, when you bare in mind I paid £600 a month in tax.

So no my spur of the moment spends and therefore my Conway Stewart Churchill Fountain Pen is on hold as I cannot justify the £850 cost.

Ms NTL 23-02-2024 18:16

Re: Rising cost of living
 
Cheap kebab. Just over £2 a kilo

https://www.cableforum.uk/images/local/2024/02/4.jpg


https://www.parmainternational.co.uk...-10kg-meahbd10

Under £2 per kilo

https://www.cableforum.uk/images/local/2024/02/5.jpg


https://www.parmainternational.co.uk...40lb-meadoub40


I am wondering what type of meat it is, with such price? What animal?

"Parma", prestigious name .....

daveeb 23-02-2024 20:53

Re: Rising cost of living
 
Maybe the butcher had given the floor a good sweeping and got creative with a secret mix of herbs and spices.


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