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Economics

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lammo Sep 2022 11:29am, 22 Sep 2022 11,520 posts	Quote Pin lammo Yes Fozz but that doesn't take into account the interest rates that were also close 10x what they are now
rf_fozzy Sep 2022 12:01pm, 22 Sep 2022 18,380 posts	Quote Pin rf_fozzy Let's see where interest rates are this time next year. And if you can't afford a house, then interest rates are meaningless, except for obvious being unable to save anything. "different" is just another euphamism for justification for pulling up the ladder. Didn't have to pay for Uni, fewer pension contributions...... And of course, the generation that "did it the hard way" gave us Brexit. So, yeah, thanks.
Fields Sep 2022 12:09pm, 22 Sep 2022 6,650 posts	Quote Pin Fields 50 BP announced for a rise to 2.25%, wonder if the energy cap measures stopped it being 75?
lammo Sep 2022 12:16pm, 22 Sep 2022 11,521 posts	Quote Pin lammo And if you can't afford a house, then interest rates are meaningless, except for obvious being unable to save anything. Not sure that's the case Fozzy, as the higher interest rates are surely one should be able to save more, or rather any savings would grow at an accelerated pace
lammo Sep 2022 12:18pm, 22 Sep 2022 11,522 posts	Quote Pin lammo Anyway, it could have been worse, but i think the consensus is that we haven't seen the end of this by a long shot, who knows where we will be in a years time
Johnny Blaze Sep 2022 12:33pm, 22 Sep 2022 28,419 posts	Quote Pin Johnny Blaze Don't be surprised if the govt takes back control of monetary policy from the B of E.
GlennR Sep 2022 12:50pm, 22 Sep 2022 65,597 posts	Quote Pin GlennR We could get free tuition back if the numbers going into HE were at 15% as they were back then. We could have final salary pensions if we had the gap between retirement age and death was what it used to be. The choice is compulsory euthanasia or raising the retirement age. The only way of reducing housing costs is to build more houses, although a more virulent strain of Covid might help.
rf_fozzy Sep 2022 1:01pm, 22 Sep 2022 18,381 posts	Quote Pin rf_fozzy "We could get free tuition back if the numbers going into HE were at 15% as they were back then" Or we could recognise that upskilling our workforce by educating them is an investment and fund it from general taxation by setting higher tax rates - especially for the many wealthy people (in fact base tax on wealth - not income). "We could have final salary pensions if we had the gap between retirement age and death was what it used to be. The choice is compulsory euthanasia or raising the retirement age." Pensions are a Ponzi scheme. The problem isn't the difference between age of retirement and age of death (although that is also a factor). The issue with pensions is that the ratio of people working to people retired has decreased. hence the need for immigration. "The choice is compulsory euthanasia or raising the retirement age." Again. No. Just no. UBI is the solution. "The only way of reducing housing costs is to build more houses" Yes. But no government is going to do that. And of the houses we do build, we're also building the wrong type of houses of course.
Ocelot Spleens Sep 2022 1:03pm, 22 Sep 2022 34,780 posts	Quote Pin Ocelot Spleens I did pay for uni actually, and took out a loan as I went later in life.
GlennR Sep 2022 1:14pm, 22 Sep 2022 65,599 posts	Quote Pin GlennR Why would UBI be higher than the state pension? Answer: it wouldn’t.