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UK inflation forecast to hit 18.6% next year, energy bills may rise to £6000

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Re: UK inflation forecast to hit 18.6% next year, energy bills may rise to £6000

#151

Earlier quoted context omitted.

Explain why you think people is slacking, please?

General attitude is obvious, people just don't care as much about their jobs as they used to. The WFH thing is an example - people have started to treat going to work as some sort of optional annoyance.

This is pure anecdote. Any evidence of this besides personal experience? I've had a WFH job since before COVID and everyone seems very engaged in what they're doing.

Re: UK inflation forecast to hit 18.6% next year, energy bills may rise to £6000

#152

Earlier quoted context omitted.

General attitude is obvious, people just don't care as much about their jobs as they used to. The WFH thing is an example - people have started to treat going to work as some sort of optional annoyance.

During the 1750s the average work day was 11 hours, 208 days a year (2288). During the 1860s the average work day was 16 hours, 311 days a year (4976). During the 1920s the average work day was 8 hours, 243 days a year (1944, and productivity was up according to Henry Ford). Most tech employers in China pre COVID, 10 hours a day, 297 days a year (2970). Netherlands pre COVID, 5.8 hours a day, 234 days a year (1357).…

I don't care how many hours a day people work or about your abstract economic figures.

What I care about is that when I go to book a driving test, I can get one. I could do that pre-2020. I now can't.

This experience has been replicated across the economy.

Things have stopped working properly.

As far as I'm concerned your "PPP" is intellectual masturbation.

The population is unhappy because structural changes, not only limited to coronavirus, have meant that work doesn't pay.

Re: UK inflation forecast to hit 18.6% next year, energy bills may rise to £6000

#153
post #124

Earlier quoted context omitted.

The NHS is great. I've lived my life with access to it and in a society provided for by it, and wouldn't trade it for anything. Taxes have paid for it, and should continue to do so. What alternative are you offering? Not taxing anyone much leaves us with a society that simply doesn't function, we see that right now. FUD about "well, they could tax the wrong people" is pretty irrelevant when we are already in a situat…

> Of course, the idea there is no way to actually tax the rich is absurd, we can do it, we have just had decades of government with no will to do so. Which way is that, other than the ways we already do it?

How extreme do you want to go?

- Tax capital gains and dividends that are classically the rates actually paid by the megarich rather than income tax.

- Tax wealth directly rather than just income.

- Tax much more heavily generally and commit to a significant basic income to ensure everyone has a solid baseline.

This is just off the top of my head, we have an entire government of people and a huge field of existing research and ideas, not to mention other countries and historic data on taxing more than the UK right now to look at.

Re: UK inflation forecast to hit 18.6% next year, energy bills may rise to £6000

#154
The young will be expected pick up the tab for the old, despite owning none of the assets.

It would not be a surprise if there are policies announced to further tax the young to give 'Granny' more free money off her bills (the existing winter fuel allowance is not means tested), and further free transport round major cities (over 60s travel London free). Then there's the echoes of the lockdown nightmare, mass punishment of the young so the old could feel safer.

The response to any complaints about this generational vampirism is always of course; "you'll be old one day". Inheritance is rare to appear, all too often you hear that Granny has given it all to the local cat sanctuary. Patience is running thin and apathy is higher than ever.

If you're young, this country actively punishes and steals from you, then tells you to stop complaining. Finding hope in anyone under 60 is a tough task.

Re: UK inflation forecast to hit 18.6% next year, energy bills may rise to £6000

#155

We should probably ban loads of our low paid workers from entering the country, print a load of money and give it to people, tell the remaining workers to stay at home, change all of our working practices so that they don't match our infrastructure, and unilaterally sever trade with partners that sell us energy. What could possibly go wrong?

I agree with the printing a lot of money being a problem. But in terms of low cost labor, I don't think that labor expenses are a huge expense to energy production.

Re: UK inflation forecast to hit 18.6% next year, energy bills may rise to £6000

#156

Earlier quoted context omitted.

Care to explain the opposite views? They both come from the same party so presumably have lot in common as opposed to Labor and LibDems.

Truss thinks trickle down economics of cutting taxing to business will generate growth and stimulate prospects for poor people. Sunak thinks taxing businesses and the well off so that we can fund support to the less well off is the right approach. Labour and Lib Dems are further left in that they want to cut off any growth in electricity prices and maybe nationalise electricity firms.

Yeah did not expect any different from Labor and Lib Dems, was curious about the 2 candidates. Interesting to see Sunak taking a non "modern conservative" approach, quite different from Grover Norquist school of thought. Wonder if any R candidate from the American side would even be able to take such a stance.

Re: UK inflation forecast to hit 18.6% next year, energy bills may rise to £6000

#157

I've been whining about how unjust and non-meritocratic the current economy has been for the last 5 years and look at that... These insane inflation numbers are proving me right. I'm quite sure the inflation will continue too. My detractors were in fact gaslighting me the whole time, as I suspected. The people at the top today are incompetent and lack principles. No better than the corrupt dictators of uncivilized na…

Why are these numbers proving you right? Those people that made an decision to transition to a sustainable lifestyle by: - Isolate their house and/or live in a small, well isolated apartment - Buy solar panels and a heatpump. - Save gas by wearing an extra sweater and setting the thermostat a bit lower. are affected far less by this massive inflation. Of course, for the 37% in the UK that do not own a house (probably…

Even for the people that own their own home there's also the capital required to install insulation, solar panels or a heat pump.

How many of those home owners do you think have tens of thousands of pounds just laying around that they can spend on those upgrades? (and that's after taking in to consideration the grants available)

Re: UK inflation forecast to hit 18.6% next year, energy bills may rise to £6000

#158

Earlier quoted context omitted.

Explain why you think people is slacking, please?

I can’t say why. But work seems to have no “gravity”. Like in my brother’s government job, coming into office was a given. You could have serious career repercussions if you were slacking off. Then the lockdown happened and work moved online. Everyone was slacking off, including the managers. Now they’ve got in-office mandates again but some of the workers just don’t come in when they don’t fee like it and just log i…

I've been on calls where half a dozen people are trying to find someone to complete some repetitive technical task that isn't easily given to automation. I suspect the idea was to find some poor junior type person to take on the task (preferably in a "best-shored" location). Typically it was me, a senior, who would say, "let me put on some headphones and listen to music, and I'll just work on it". But if I wasn't in those calls, I wonder how many more person-hours would have been spent on something that would take me an afternoon at the most to complete.

All that is to say is that it seemed like there are tons of people caught in a Bullshit Job situation where the job seems to be mainly trying to foist the work off on someone else. And I suspect that a lot of the work they're trying to find owners for is of highly questionable value in the first place.

This was long before the pandemic too, but it does seem like an awakening that other people had in pandemic times.

Re: UK inflation forecast to hit 18.6% next year, energy bills may rise to £6000

#159

Earlier quoted context omitted.

The anti-lock down protesters were a fringe group. An energy crisis is different matter. It will not only affect the lunatic fringe, this will affect everyone.

It would be an interesting case study for leaders around the world - confiscate a huge chunk of liberty and you will have a fringe protest, lose a few thousand pounds from chequebooks and you will have blood.

I don't think anyone I know here in the UK saw a temporary lockdown as "confiscating a huge chunk of liberty".

On the contrary, we recognise that everyone has a duty to keep everyone else safe, which was especially true during the early pandemic times, when it seemed like it was quite dangerous and Americans ignored it and died in the tens of thousands.

It was when it was observed that we were not in it together that heads rolled.

And it looks like our observations panned out, as we do not have any lockdowns anymore and I don't know of anyone who is still getting sick in a bad way.

Re: UK inflation forecast to hit 18.6% next year, energy bills may rise to £6000

#160
post #155

We should probably ban loads of our low paid workers from entering the country, print a load of money and give it to people, tell the remaining workers to stay at home, change all of our working practices so that they don't match our infrastructure, and unilaterally sever trade with partners that sell us energy. What could possibly go wrong?

I agree with the printing a lot of money being a problem. But in terms of low cost labor, I don't think that labor expenses are a huge expense to energy production.

Our inflation is not solely due to energy costs.
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