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April 25 2024 4.57am

Cost of living

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View Badger11's Profile Badger11 Flag Beckenham 25 Sep 22 12.22pm Send a Private Message to Badger11 Add Badger11 as a friend

Originally posted by Dubai Eagle


I also understood that one of the reasons for the 08 crash in the UK was that in some change of house loan lending guidelines mortgage seekers were then allowed to write their own salary certification letters to justify the size of the loan they required, rather than have something written by the company they worked for & supported by a P60 (as it had been in previous times) obviously if you give people a free hand to borrow in effect as much as they like problems are bound to result.


Exactly. The politicians have ducked their responsibility in this fiasco which is why they are so keen to dog whistle "bankers bonus".

 


One more point

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View cryrst's Profile cryrst Flag The garden of England 26 Apr 23 4.49am Send a Private Message to cryrst Add cryrst as a friend

[Link]

A bit of honesty and reality.

 

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View The Dolphin's Profile The Dolphin Flag 26 Apr 23 7.06am Send a Private Message to The Dolphin Add The Dolphin as a friend

They could have worded it better though!
Companies and people generally are profiteering.
They take days to hike prices and months to reduce them - if they ever do.
The sentiment in the piece is right but they should sort their PR out!
My biggest bugbear is "the cost of fuel driving prices up" - we were told.
Fuel comes down in price and ................ hmmm - still waiting for the affected prices to fall.

 

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footythoughts Flag Beckenham 27 Apr 23 12.20am

Originally posted by cryrst

[Link]

A bit of honesty and reality.

Always delivered by those in roles not impacted by said reality or wishing to be exceptions to it.

 

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View Forest Hillbilly's Profile Forest Hillbilly Flag in a hidey-hole 27 Apr 23 8.24am Send a Private Message to Forest Hillbilly Add Forest Hillbilly as a friend

From my own perspective, the 'cost of living' crisis is happening on two fronts. Whilst noticeable items like fuel, energy and food prices are all going up above the rate of inflation, in many cases, my own wages are supressed at well below the rate of inflation. This is happening to co-workers and other staff across the board. Particularly where 'minimum wage' is now used as the default starting wage.
How to appreciate and value your staff

And I really don't care for comparisons with other countries. The current government have been an absolute shower.

 


"The facts have changed", Rishi Sunak

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View YT's Profile YT Flag Oxford 27 Apr 23 9.47am Send a Private Message to YT Add YT as a friend

Originally posted by Forest Hillbilly

From my own perspective, the 'cost of living' crisis is happening on two fronts. Whilst noticeable items like fuel, energy and food prices are all going up above the rate of inflation, in many cases, my own wages are supressed at well below the rate of inflation. This is happening to co-workers and other staff across the board. Particularly where 'minimum wage' is now used as the default starting wage.
How to appreciate and value your staff

And I really don't care for comparisons with other countries. The current government have been an absolute shower.

One of the biggest problems is that most people - the media included - don't understand inflation and therefore don't really know what they are talking about. The sentence I've highlighted couldn't be more incorrect. Taking unleaded petrol as an example, the pump price on 24 April 2023 was SIXTEEN PERCENT LOWER than than on the same date in 2022. That's annual price DEFLATION of 16%.

The Dolphin stated that he's still waiting for prices to fall. He needs to get out more; I could list scores, if not hundreds, of food prices that have fallen.

 


Palace since 19 August 1972. Palace 1 (Tony Taylor) Liverpool 1 (Emlyn Hughes)

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Yellow Card - User has been warned of conduct on the messageboards View eaglesdare's Profile eaglesdare Flag 27 Apr 23 9.50am Send a Private Message to eaglesdare Add eaglesdare as a friend

Cost of pints is ridiculous. rarely do I go out drinking anymore. I have saved a fortune. I also shop in Lidl which has also saved me lots.

 

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View Forest Hillbilly's Profile Forest Hillbilly Flag in a hidey-hole 27 Apr 23 10.00am Send a Private Message to Forest Hillbilly Add Forest Hillbilly as a friend

i understand inflation. This is about what I experience, not what the nationwide statistics suggest.

 


"The facts have changed", Rishi Sunak

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View The Dolphin's Profile The Dolphin Flag 27 Apr 23 10.35am Send a Private Message to The Dolphin Add The Dolphin as a friend

Originally posted by YT

One of the biggest problems is that most people - the media included - don't understand inflation and therefore don't really know what they are talking about. The sentence I've highlighted couldn't be more incorrect. Taking unleaded petrol as an example, the pump price on 24 April 2023 was SIXTEEN PERCENT LOWER than than on the same date in 2022. That's annual price DEFLATION of 16%.

The Dolphin stated that he's still waiting for prices to fall. He needs to get out more; I could list scores, if not hundreds, of food prices that have fallen.

I get out a lot as it happens and I can tell when my spend has gone up but when I have nothing extra to show for it.
I am sure that some prices have fallen - petrol and diesel have for sure but other goods prices that we were told were affected by previous rises have not fallen now that fuel prices have.
simplistic maybe but I stand by my profiteering statement.

 

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View Forest Hillbilly's Profile Forest Hillbilly Flag in a hidey-hole 27 Apr 23 10.37am Send a Private Message to Forest Hillbilly Add Forest Hillbilly as a friend

Originally posted by Forest Hillbilly

i understand inflation. This is about what I experience, not what the nationwide statistics suggest.


I do take on board Dolphin's points, but the crux of what i was saying is that wages are also being supressed, which is as much of an issue as inflation.
(inflation being measured on a large shopping basket of specific items)


Edited by Forest Hillbilly (27 Apr 2023 10.39am)

 


"The facts have changed", Rishi Sunak

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View EverybodyDannsNow's Profile EverybodyDannsNow Flag SE19 27 Apr 23 5.51pm Send a Private Message to EverybodyDannsNow Add EverybodyDannsNow as a friend

Originally posted by YT

One of the biggest problems is that most people - the media included - don't understand inflation and therefore don't really know what they are talking about. The sentence I've highlighted couldn't be more incorrect. Taking unleaded petrol as an example, the pump price on 24 April 2023 was SIXTEEN PERCENT LOWER than than on the same date in 2022. That's annual price DEFLATION of 16%.

The Dolphin stated that he's still waiting for prices to fall. He needs to get out more; I could list scores, if not hundreds, of food prices that have fallen.

I won't ask for hundreds, but please do share some.

 

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View Matov's Profile Matov Flag 27 Apr 23 7.55pm Send a Private Message to Matov Add Matov as a friend

Originally posted by eaglesdare

Cost of pints is ridiculous. rarely do I go out drinking anymore. I have saved a fortune.

It might be how I percieve it, having not touched a drop of the firewater now for over 10 years but the price of booze in the supermarkets seems to have gone much lower now where as the price of booze in the pubs is just beyond silly.

Bought a box of 18 cans of Carling Black Label just to have beer in the house to offer guests and it was 10. How on earth do they sell it that cheap?


Edited by Matov (27 Apr 2023 7.55pm)

 


"The Party told you to reject the evidence of your eyes and ears. It was their final, most essential command." - 1984 - George Orwell.

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