15% Inflation?

HAYSIE

Doubleme

China is about to invade Tiawan and there is nothing we can do about it hence why they will do it. If China invades Tiwaan we either declare war on China and start world war three or let them get away with it we cant put sanctions on them we are already struggling do you want to start the Tiawan thread @HAYSIE because I put up tomorrow whenever I wake up if not.

HAYSIE

Doubleme said:

China is about to invade Tiawan and there is nothing we can do about it hence why they will do it. If China invades Tiwaan we either declare war on China and start world war three or let them get away with it we cant put sanctions on them we are already struggling do you want to start the Tiawan thread @HAYSIE because I put up tomorrow whenever I wake up if not.

I have no intention of starting a Taiwan thread, so start one by all means.

HAYSIE

Tikay10

Surely no one - except perhaps our politicians - failed to see this coming? The day COVID arrived, & we started throwing money at it for Furlough Schemes, Bounceback Loans, Vaccine & NHS costs & God knows what else, was the seedcorn of this inflation & the accompanying recession. And now the Unions have decided to make it worse.

We have irresponsible politicians, government & unions which will make this much worse.

Also, worth noting that a shrinking labour force (thanks, Brexit) makes all this worse.

goldon

EU got their Finger on the Problem.

stokefc

I know the country is going to the dogs is it the only country going into recession and facing massive inflation hikes?
Thought it was more than just us

tomgoodun

People struggling to pay their bills.
Banks raise interest rates “ To curb spending”
Am I missing something?

goldon

Everyone wants a rise sooooo their raising everything.

TheEdge949

Actually as someone who tries to save a little and does not live life on credit or loans, a rise in the interest rates appeals. My savings might start earning a little now.

This has been the real reason for the "recession" although as usual during a recession the motorways will be chock full of goods being transported by people, making, buying and selling. So is it really a recession.

Giving credit out all over the place, not rewarding savers and encouraging people to spend outside their means. Sound Familiar ?. Hmm 2008 ? Is it all coming back yet.

That's always the root cause of recession, market meltdown, currency crash etc. Extending too much to individuals, companies even governments who can't cover the cost then screaming blue murder when it all goes belly up.

Ah well soon I can dig out the NCB donkey jacket, get the candles ready and find a picket line to stand on cos just as soon as this starts to bite, the Unions should weigh in with a General strike. Oh the glorious days of the early 70's, the 3 day week, power cuts OMG imagine the social media generation, bread queues, football kicking off at 1pm,

Industry does not cause recession, neither does the general public. It is always the mis management of the economy by those supposedly expert in it.

And yet their own finances seem impervious to either boom or bust.

goldon

You Just need to remember when the Rich go they go with nothing.

goldon

When the Poor go they go with the Rich blessing.

HAYSIE

Essexphil

HAYSIE said:

Exactly this.

We have a crisis.

And the Conservative Party, rather than providing the leadership voted in by the Nation at the last election, are going to be doing precisely nothing for the next month, while they argue about who should be the next unelected PM, and who has the best fantasy tax cuts.

Vote. This. Shower. Out. At. The. Next. Election.

HAYSIE

TheEdge949 said:

Actually as someone who tries to save a little and does not live life on credit or loans, a rise in the interest rates appeals. My savings might start earning a little now.

This has been the real reason for the "recession" although as usual during a recession the motorways will be chock full of goods being transported by people, making, buying and selling. So is it really a recession.

Giving credit out all over the place, not rewarding savers and encouraging people to spend outside their means. Sound Familiar ?. Hmm 2008 ? Is it all coming back yet.

That's always the root cause of recession, market meltdown, currency crash etc. Extending too much to individuals, companies even governments who can't cover the cost then screaming blue murder when it all goes belly up.

Ah well soon I can dig out the NCB donkey jacket, get the candles ready and find a picket line to stand on cos just as soon as this starts to bite, the Unions should weigh in with a General strike. Oh the glorious days of the early 70's, the 3 day week, power cuts OMG imagine the social media generation, bread queues, football kicking off at 1pm,

Industry does not cause recession, neither does the general public. It is always the mis management of the economy by those supposedly expert in it.

And yet their own finances seem impervious to either boom or bust.

Public fury as banks fail to pass on hiked interest rates to savers


https://www.msn.com/en-gb/money/other/public-fury-as-banks-fail-to-pass-on-hiked-interest-rates-to-savers/ar-AA10moyP?ocid=msedgntp&cvid=1d2c950db00142cd809bf9f0a7a37415

Essexphil

Like this was a shock. Banks choose to ignore the value of money when it suits them.

The last 10 years have seen inflation at about 1%. Banks have paid us 0% on our savings. And then still lent it out on Credit Cards at 20-30% p.a.

HAYSIE

HAYSIE

lucy4

VespaPX

Biggest transfer of wealth in history.

goldon

So Who's got the Solution ......WHAT SHOULD THE LITTLE PEOPLE DO.......