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UK households set for largest fall in living standards in six decades

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Re: UK households set for largest fall in living standards in six decades

#91

Post by switch007 »

kypro wrote: post #30

I'll get downvoted for this, but this isn't true if you're one of the two protected classes in the UK: pensioners or welfare recipients. Both will see their income rise with inflation. If you're working then, sure, you're getting screwed as always because after just spending billions locking down the economy to saving boomers from Covid, this year we decided to spend billions bailing out boomers pensions, paying for…

Wow you really got triggered that benefits rose with inflation eh

> one of the two protected classes in the UK: pensioners or welfare recipients.

What an absurd and false statement which justifies disregarding the rest of your comment

Re: UK households set for largest fall in living standards in six decades

#92

Post by ChuckNorris89 »

zx85wes wrote: post #88
ChuckNorris89 wrote: post #81

Earlier quoted context omitted.

I mean that's like every other EU county at this point. Is there anything specific to the Netherlands I'm missing?

Inflation is 6% higher than the average* , and nominal wages are up https://ec.europa.eu/eurostat/documents/2995521/15265521/2-1...

According to that, Hungary and the Baltic states are hit far worse than the Netherlands.

Re: UK households set for largest fall in living standards in six decades

#93

Post by MichaelCollins »

hlpq10 wrote: post #76
MichaelCollins wrote: post #19

Earlier quoted context omitted.

> I don't really understand the perspective your are saying. He thinks that helping Ukraine defend themselves against a foreign invasion qualifies as "warmongering", obviously he's a Russia-aligned troll. Don't waste too much time trying to unravel his thought processes.

Whatever you say, Lord Palmerston.

Made a new account, huh?

Re: UK households set for largest fall in living standards in six decades

#94

Post by jimnotgym »

sgt101 wrote: post #58
jimnotgym wrote: post #42

Earlier quoted context omitted.

>the EU is probably going to decline in GDP more than the UK Even if that does happen, it doesn't necessarily follow that the UK couldn't also have a higher GDP by trading with the EU >Thinking the UKs issues are because of brexit ... could make you the governor of the Bank of England https://www.theguardian.com/business/2022/nov/16/brexit-and-...

It doesn't follow, but history post 2016 wasn't written in gold if the UK had stayed in. The north of England, the central belt of Scotland and the south of Wales were in a terrible state. Brexit has failed to help, but remaining almost certainly wouldn't have either. The biggest issue the UK has experienced since leaving is Covid-19. Remaining wouldn't have helped us in that contingency. The UK has blamed Europe for…

>south of Wales were in a terrible state.

South of Wales benefitted greatly from EU funds. From renovating coal tips to employment schemes. I don't understand your point here, it was the EUs fault that the UK had run down regions... even though the EU gave them money????

>The UK has blamed Europe for it's ills for 40 years. Remainers/rejoiners are still centered on this

This makes no sense at all

>we have to start to look to ourselves.

Are you suggesting that we shouldn't have international trade?

Re: UK households set for largest fall in living standards in six decades

#95

Post by jimnotgym »

ChuckNorris89 wrote: post #85
akmarinov wrote: post #39

Earlier quoted context omitted.

Nationalise some royal lands

What's stopping the UK government to seize UK land owned by the royal family? Or at least taxing them the same rates as the peasants instead of letting them freeload.

I presume these are two unrelated points?

Nothing stops the UK seizing crown lands. In fact it sort of does. This is where the sovereign grant comes from.

Land however is not generally taxed in the UK so in that sense they do pay the same.

Re: UK households set for largest fall in living standards in six decades

#96

Post by stu432 »

ChuckNorris89 wrote: post #85
akmarinov wrote: post #39

Earlier quoted context omitted.

Nationalise some royal lands

What's stopping the UK government to seize UK land owned by the royal family? Or at least taxing them the same rates as the peasants instead of letting them freeload.

Because they effectively pay 85% tax on the income already. Look up the Crown Estate. The UK government taking it over would result in it being sold off at bargain basement prices to fund a voter winning 5 min fix and there'd be nothing to show for it in 50 years.

Re: UK households set for largest fall in living standards in six decades

#97

Post by piva00 »

thoughtstheseus wrote: post #66
buserror wrote: post #32

brexit. Everyone in the media try to ignore the elephant in the room. But, brexit. I know several companies who are winding down, because they can't export. Just too much trouble and money. It is everywhere, and nobody talks about it. brexit.

Poor trade relations is a big drag on the UK economy. If you can’t plan you can’t invest. I’m hoping the UK joins the United States. We’ve already started to merge our military industrial base and have a long, shared history. Maybe they would receive preference for US LNG/coal shipments too as a result.

> I’m hoping the UK joins the United States. We’ve already started to merge our military industrial base and have a long, shared history. Maybe they would receive preference for US LNG/coal shipments too as a result.

This is unrealistic bordering absurd, you just came out of Brexit sold under the pretense of increased freedom and sovereignty. The UK didn't even like the special deal it had with the EU, unique concessions that no other country in the Union would get because the Union acknowledged that the UK was worthy enough to be in with those rather than out without them.

It'd be ludicrous to believe that coming from this sentiment the population would agree in joining the US, losing most of its sovereignty to become a 51st State under control of the USA Federal Government, like extremely ludicrous. The cherry on top would be the humiliation to the UK's nationalists in becoming a vassal of a former colony, I don't see this having any chance whatsoever to happen, not now, not in the next 50 years.

I gotta ask, what fosters this hope of yours? I haven't seen a Brit so deluded in wishful thinking as this take, it's a bit baffling, sorry to say.

Re: UK households set for largest fall in living standards in six decades

#99

Post by JauntTrooper »

piva00 wrote: post #97
thoughtstheseus wrote: post #66

Earlier quoted context omitted.

Poor trade relations is a big drag on the UK economy. If you can’t plan you can’t invest. I’m hoping the UK joins the United States. We’ve already started to merge our military industrial base and have a long, shared history. Maybe they would receive preference for US LNG/coal shipments too as a result.

> I’m hoping the UK joins the United States. We’ve already started to merge our military industrial base and have a long, shared history. Maybe they would receive preference for US LNG/coal shipments too as a result. This is unrealistic bordering absurd, you just came out of Brexit sold under the pretense of increased freedom and sovereignty. The UK didn't even like the special deal it had with the EU, unique concess…

I assumed he meant like a free trade union, not political integration.

Re: UK households set for largest fall in living standards in six decades

#100

Post by stu432 »

Moissanite wrote: post #57
Glawen wrote: post #18

Earlier quoted context omitted.

Remember that everyone is paying VAT, so yes little income are also taxed

I feel like we need a progressive VAT, which differentiates necessities from luxuries. Probably too complex to implement though.

We do already, there's several VAT values, necessities are supposed to be VAT free for instance. Has some quirks in it, so you end up with the Jaffa Cake Vs Biscuit debacle - https://www.astonshaw.co.uk/news/jaffa-cake-tax/#:~:text=The....
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