In reply to Post #150
Police aren't allowed to strike but I'm sure teachers will be eager to strike, I suppose one of their conditions will be an increase in holidays.
Police aren't allowed to strike but I'm sure teachers will be eager to strike, I suppose one of their conditions will be an increase in holidays.
In reply to Post #151
To borrow a well used footy thread response....
**** off **** ....
To borrow a well used footy thread response....
**** off **** ....
In reply to Post #148
I think the NHS is on its way to being eventually privatised, for better or worse who knows.
My cousin is a paramedic and she did not want to strike and said her pay is not the issue but working conditions, the constant change and never for the better.
I don't want to turn this into a public sector vs private sector, but a lot of folk in the private sector are already starting to loose their jobs a number of estate agents, brokers I know of are being let go, folk in IT, the building trade is slowing then undoubtedly their will be a lot of retail jobs lost in first quarter of next year due to folk cutting back.
We are going to see quite a jump in unemployment next year, particularly the second half which should have happened in 2020, but then along came Covid and now the Ukraine war - so 2023 will be a year that many want to forget. With folk loosing their homes, homelessness growing - I see the government are setting aside more money - they know it's coming.
And this is not an UK only problem it's all around the world even Asia is seeing slowing growth due to the cut in consumer spending - everyone is going to take a hit to their finances.
The big reset.
I think the NHS is on its way to being eventually privatised, for better or worse who knows.
My cousin is a paramedic and she did not want to strike and said her pay is not the issue but working conditions, the constant change and never for the better.
I don't want to turn this into a public sector vs private sector, but a lot of folk in the private sector are already starting to loose their jobs a number of estate agents, brokers I know of are being let go, folk in IT, the building trade is slowing then undoubtedly their will be a lot of retail jobs lost in first quarter of next year due to folk cutting back.
We are going to see quite a jump in unemployment next year, particularly the second half which should have happened in 2020, but then along came Covid and now the Ukraine war - so 2023 will be a year that many want to forget. With folk loosing their homes, homelessness growing - I see the government are setting aside more money - they know it's coming.
And this is not an UK only problem it's all around the world even Asia is seeing slowing growth due to the cut in consumer spending - everyone is going to take a hit to their finances.
The big reset.
In reply to Post #153
Is there really a war going in the Ukraine, all I have seen is a few clips of news with a building destroyed over the last year. Yet there is 85 million mobile phones in the Ukraine yet hardly any personal SM footage......strange as most folk across the world film the Most trivial of things and splash it all over SM.......
COLC in the UK is one thing but the world is having its pants pulled down!
Is there really a war going in the Ukraine, all I have seen is a few clips of news with a building destroyed over the last year. Yet there is 85 million mobile phones in the Ukraine yet hardly any personal SM footage......strange as most folk across the world film the Most trivial of things and splash it all over SM.......
COLC in the UK is one thing but the world is having its pants pulled down!
In reply to Post #154
https://www.washingtonpost.com/world/interactive/2022/ukraine-russia-war-videos-verified/
https://www.washingtonpost.com/world/interactive/2022/ukraine-russia-war-videos-verified/
My Octopus energy bill came in and I was a bit shocked at the unit price increase from this time last year.
Electric last year 19.6p/Kwh. This year 51.09Kwh -17p rebate =34.09p/Kwh
Gas last year 3.94p/kWh. This year 14.23p/kWh -4.22p rebate = 10.01p/Kwh
If my maths is correct then...........
Electric 1.74 times more this year with government discount. Without discount 2.6 times more
Gas 2.54 times more this year with government discount. Without discount 3.6 times more
Fortunately I can afford it, just wished I hadn't got the calculator out now
Electric last year 19.6p/Kwh. This year 51.09Kwh -17p rebate =34.09p/Kwh
Gas last year 3.94p/kWh. This year 14.23p/kWh -4.22p rebate = 10.01p/Kwh
If my maths is correct then...........
Electric 1.74 times more this year with government discount. Without discount 2.6 times more
Gas 2.54 times more this year with government discount. Without discount 3.6 times more
Fortunately I can afford it, just wished I hadn't got the calculator out now
In reply to Post #156
It was also mentioned that four million mortgage holders are going to see their fixed rate deals increase by £3000 a year in 2023.
Lots of trouble coming...
It was also mentioned that four million mortgage holders are going to see their fixed rate deals increase by £3000 a year in 2023.
Lots of trouble coming...
In reply to Post #157
I don't understand why many are not getting new deals? Some of these people also bought houses they could only afford at stupid low Interest rates and others bought using that HTB scheme which is risky........
I don't understand why many are not getting new deals? Some of these people also bought houses they could only afford at stupid low Interest rates and others bought using that HTB scheme which is risky........
In reply to Post #158
The banks have pulled a lot of mortgage products. The 'new deals' that are available are at an increased rate so there's an added cost.
People bought into the deals that were available at the time. You can't blame them for trying to get a good price - it's not like they were going to say 'can you put me on a higher interest rate in case liz truss screws the economy'
The banks have pulled a lot of mortgage products. The 'new deals' that are available are at an increased rate so there's an added cost.
People bought into the deals that were available at the time. You can't blame them for trying to get a good price - it's not like they were going to say 'can you put me on a higher interest rate in case liz truss screws the economy'
In reply to Post #159
Of course you can't blame them for getting the best deal but interest rates couldn't stay low forever.
The problem is some people have never experienced high interest rates and thought that low was normal. I say high interest rates but in reality here's a cut and paste.
What is the highest interest rate in UK history?
17.00 percent
Interest Rate in the United Kingdom averaged 7.13 percent from 1971 until 2022, reaching an all time high of 17.00 percent in November of 1979 and a record low of 0.10 percent in March of 2020.
Increase in interest rates is not just a UK phenomenon, look at the US, theirs is higher than ours.
Of course you can't blame them for getting the best deal but interest rates couldn't stay low forever.
The problem is some people have never experienced high interest rates and thought that low was normal. I say high interest rates but in reality here's a cut and paste.
What is the highest interest rate in UK history?
17.00 percent
Interest Rate in the United Kingdom averaged 7.13 percent from 1971 until 2022, reaching an all time high of 17.00 percent in November of 1979 and a record low of 0.10 percent in March of 2020.
Increase in interest rates is not just a UK phenomenon, look at the US, theirs is higher than ours.
In reply to Post #160
All true.
And all mortgage applications come with the warning that interest rates can change and your home is at risk etc. ....
The rates in the US being worse don't help anyone here. Apart from a chancellor wanting to find a positive spin maybe?
Tricky times ahead for lots of people
All true.
And all mortgage applications come with the warning that interest rates can change and your home is at risk etc. ....
The rates in the US being worse don't help anyone here. Apart from a chancellor wanting to find a positive spin maybe?
Tricky times ahead for lots of people
In reply to Post #161
Our 3 biggest importers are China, the US and Germany.
The US started raising rates in March to tackle inflation.
https://www.forbes.com/advisor/investing/fed-funds-rate-history/
Germany doing the same as part of the Eurozone.
China are looking to raise rates, so the pain will continue for quite some time to come.
Our 3 biggest importers are China, the US and Germany.
The US started raising rates in March to tackle inflation.
https://www.forbes.com/advisor/investing/fed-funds-rate-history/
Germany doing the same as part of the Eurozone.
China are looking to raise rates, so the pain will continue for quite some time to come.
In reply to Post #162
I can't be the only one here wishing I'd gone for a 5 year fix when I renewed my mortgage last year....
Coupled with fuel bills and all the rest ..
In response to the thread title I think the answer is pretty clear for lots of people
I can't be the only one here wishing I'd gone for a 5 year fix when I renewed my mortgage last year....
Coupled with fuel bills and all the rest ..
In response to the thread title I think the answer is pretty clear for lots of people
In reply to Post #162
https://www.ft.com/content/d88955d4-2bc8-476e-9cdb-882ca3c3b10d
Make China irrelevant and insular again is the program
https://www.ft.com/content/d88955d4-2bc8-476e-9cdb-882ca3c3b10d
Make China irrelevant and insular again is the program
In reply to Post #164
It's a nice idea but margins are already very thin added to the cost of electrification.
It's difficult to compete with China's labour costs do you think the consumer is prepared to pay more ?
Hybrids & EVs are already very expensive
I'm sure we will see more mergers and acquisitions in the car market going forward.
And ultimately we are talking about a process which could take a decade of false starts.
For example TSMC is opening additional fabs by 2026 in Arizona. This is also happing in Europe
It's a nice idea but margins are already very thin added to the cost of electrification.
It's difficult to compete with China's labour costs do you think the consumer is prepared to pay more ?
Hybrids & EVs are already very expensive
I'm sure we will see more mergers and acquisitions in the car market going forward.
And ultimately we are talking about a process which could take a decade of false starts.
For example TSMC is opening additional fabs by 2026 in Arizona. This is also happing in Europe