09-08-2022, 10:36
|
#241
|
cf.mega poster
Join Date: Dec 2013
Posts: 14,343
|
Re: Rising cost of living
Things are getting so bad for nurses financially that the Royal College of Nursing is recommending they take their first ever strike. A vote is being held next month.
https://www.mirror.co.uk/news/politi...-ever-27691880
Meanwhile, in-touch Ministers focus on the important issues the nation faces like privatising Channel 4 and too much perceived civil service equality training.
|
|
|
09-08-2022, 11:04
|
#242
|
cf.mega poster
Join Date: Apr 2004
Location: Northampton
Services: Virgin Media TV&BB 350Mb,
V6 STB
Posts: 7,868
|
Re: Rising cost of living
Quote:
Originally Posted by 1andrew1
Things are getting so bad for nurses financially that the Royal College of Nursing is recommending they take their first ever strike. A vote is being held next month.
https://www.mirror.co.uk/news/politi...-ever-27691880
Meanwhile, in-touch Ministers focus on the important issues the nation faces like privatising Channel 4 and too much perceived civil service equality training.
|
So where are they focusing on those issues, to the exclusion of everything else?
|
|
|
09-08-2022, 11:09
|
#243
|
cf.mega poster
Join Date: Dec 2013
Posts: 14,343
|
Re: Rising cost of living
Quote:
Originally Posted by nomadking
So where are they focusing on those issues, to the exclusion of everything else?
|
The fact that they have proposals to privatise Channel 4 but not to tackle inflation by getting some of the one million over 50s back into work who left the job market during the pandemic tells you all you need to know.
https://www.bbc.co.uk/news/business-62471260
|
|
|
09-08-2022, 12:05
|
#244
|
Virgin Media Employee
Join Date: Sep 2005
Location: Winchester
Services: Staff MyRates
BB: VM XXL
TV: VM XL
Phone : VM XL
Posts: 3,139
|
Re: Rising cost of living
I guess good times is relative but over the past decades the percentage of wages spent on food dropped remarkedly. (I read somewhere it dropped from 25%+ to below 10%). If that were true then that is some capacity to save.
If you are buying luxuries that is also capacity to save, do you really need that luxury?
__________________
I work for VMO2 but reply here in my own right. Any help or advice is made on a best-effort basis. No comments construe any obligation on VMO2 or its employees.
|
|
|
09-08-2022, 12:20
|
#245
|
cf.mega poster
Join Date: Dec 2013
Posts: 14,343
|
Re: Rising cost of living
Quote:
Originally Posted by tweetiepooh
I guess good times is relative but over the past decades the percentage of wages spent on food dropped remarkedly. (I read somewhere it dropped from 25%+ to below 10%). If that were true then that is some capacity to save.
If you are buying luxuries that is also capacity to save, do you really need that luxury?
|
Food is just one part of household expenditure so whilst that may have dropped - what about the sharp rise in house prices and rental costs?
|
|
|
09-08-2022, 13:56
|
#246
|
cf.mega poster
Join Date: Jun 2003
Location: Kairdiff-by-the-sea
Age: 68
Services: TVXL BBXL Superhub 2ac (wired) 1Tb Tivo
Posts: 9,856
|
Re: Rising cost of living
The September CPI, which is used to set next year's changes in Benefits, etc. will no doubt plunge well into single figures. I wonder how that happens?
|
|
|
09-08-2022, 14:29
|
#247
|
laeva recumbens anguis
Cable Forum Team
Join Date: Jun 2006
Age: 67
Services: Premiere Collection
Posts: 42,283
|
Re: Rising cost of living
Quote:
Originally Posted by tweetiepooh
I guess good times is relative but over the past decades the percentage of wages spent on food dropped remarkedly. (I read somewhere it dropped from 25%+ to below 10%). If that were true then that is some capacity to save.
If you are buying luxuries that is also capacity to save, do you really need that luxury?
|
You may find this informative.
https://ahdb.org.uk/news/consumer-in...-money-on-food
Quote:
According to the Office of National Statistics, between 1957 and 2017 the share of household expenditure spent on food has halved. This partly reflects our larger incomes, smaller households and a greater choice of products at different price points. Over the same period, the share of our spending going on housing has doubled and spending on transport has also significantly increased.
|
Quote:
For many low-income families in the UK, food poverty is a pressing issue and putting sufficient nutritious food on the table is a struggle. The Eatwell Guide is Public Health England’s official guidance on a diet that meets standard nutrient requirements. Analysis by the Food Foundation showed that the poorest 50% of households who wanted to eat a diet following Eatwell guidelines would need to spend almost 30% of their disposable income on food. The lowest 10% of households by income would need to spend almost 75%.
|
---------- Post added at 14:29 ---------- Previous post was at 14:26 ----------
Quote:
Originally Posted by Taf
The September CPI, which is used to set next year's changes in Benefits, etc. will no doubt plunge well into single figures. I wonder how that happens?
|
Not sure if that’s accurate, as inflation is forecast to rise to 13% by the end of this year…
__________________
There is always light.
If only we’re brave enough to see it.
If only we’re brave enough to be it.
If my post is in bold and this colour, it's a Moderator Request.
|
|
|
09-08-2022, 14:50
|
#248
|
Dr Pepper Addict
Cable Forum Team
Join Date: Oct 2003
Location: Nottingham
Age: 61
Services: Flextel SIP : Sky Mobile : Sky Q TV : VM BB (1000 Mbps) : Aquiss FTTP (900 Mbps)
Posts: 27,911
|
Re: Rising cost of living
Quote:
Originally Posted by Maggy
Thankfully I own my home outright.It's about the only high point in my life.
|
I worked two jobs for a few years, and was able to reduce my mortgage to £50 in 2018.
I keep it at that value as I can dip back into it as an emergency backup should I require.
I have not had to do so yet, but these bills are going to dig deep, so I may have to consider it.
__________________
Baby, I was born this way.
|
|
|
09-08-2022, 14:52
|
#249
|
Remoaner
Cable Forum Team
Join Date: Mar 2004
Posts: 32,282
|
Re: Rising cost of living
Quote:
Originally Posted by Paul
I worked two jobs for a few years, and was able to reduce my mortgage to £50 in 2018.
I keep it at that value as I can dip back into it as an emergency backup should I require.
I have not had to do so yet, but these bills are going to dig deep, so I may have to consider it.
|
What kind of mortgage product do you have that allows the balance to sit there at £50 for four years? Even if you overpay I thought they still wanted monthly payments.
|
|
|
09-08-2022, 14:55
|
#250
|
Dr Pepper Addict
Cable Forum Team
Join Date: Oct 2003
Location: Nottingham
Age: 61
Services: Flextel SIP : Sky Mobile : Sky Q TV : VM BB (1000 Mbps) : Aquiss FTTP (900 Mbps)
Posts: 27,911
|
Re: Rising cost of living
First Direct, I forget its actual name, Ive had it for well over 20 years.
Its basically like a bank account with a huge overdraft, I can pay in, or take out, as I please.
They charge monthly interest (only if my linked main account goes below £50). The only requirement is its cleared by my 65th birthday.
[ You cant get them anymore, although they still do something similar, but the requirements for those are out of my reach ].
__________________
Baby, I was born this way.
|
|
|
09-08-2022, 14:58
|
#251
|
Remoaner
Cable Forum Team
Join Date: Mar 2004
Posts: 32,282
|
Re: Rising cost of living
Fair enough, seems like a clever way to have an easy (and i assume cheap) line of credit available.
|
|
|
09-08-2022, 15:04
|
#252
|
Dr Pepper Addict
Cable Forum Team
Join Date: Oct 2003
Location: Nottingham
Age: 61
Services: Flextel SIP : Sky Mobile : Sky Q TV : VM BB (1000 Mbps) : Aquiss FTTP (900 Mbps)
Posts: 27,911
|
Re: Rising cost of living
Quote:
Originally Posted by Damien
Fair enough, seems like a clever way to have an easy (and i assume cheap) line of credit available.
|
Yep, and its been used that way in the past.
I've bought my car using it as a cheap loan, and at least two holidays in the 2000's.
__________________
Baby, I was born this way.
|
|
|
09-08-2022, 15:12
|
#253
|
cf.mega pornstar
Join Date: Jan 2006
Posts: 18,854
|
Re: Rising cost of living
Quote:
Originally Posted by Damien
Fair enough, seems like a clever way to have an easy (and i assume cheap) line of credit available.
|
Plus they have to securely look after the deeds and paperwork
|
|
|
09-08-2022, 18:21
|
#254
|
Sad Doig Fan!
Join Date: Aug 2007
Location: Barry South Wales
Age: 68
Services: With VM for BB 250Mb service.(Deal)
Posts: 11,691
|
Re: Rising cost of living
Quote:
Originally Posted by Hugh
|
I wonder how so many fast food joints continue to survive when so many now know how to cook?
|
|
|
09-08-2022, 18:29
|
#255
|
Dr Pepper Addict
Cable Forum Team
Join Date: Oct 2003
Location: Nottingham
Age: 61
Services: Flextel SIP : Sky Mobile : Sky Q TV : VM BB (1000 Mbps) : Aquiss FTTP (900 Mbps)
Posts: 27,911
|
Re: Rising cost of living
Quote:
Originally Posted by pip08456
I wonder how so many fast food joints continue to survive when so many now know how to cook?
|
Knowing how, and actually wanting to, are two very different things.
__________________
Baby, I was born this way.
|
|
|
Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
|
|
Posting Rules
|
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts
HTML code is Off
|
|
|
All times are GMT +1. The time now is 14:41.
|