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Politics, politics, politics (so long and thanks for all the fish)

Consider that austerity is essentially about reducing government debt. Where you gain the revenue from is a choice. Increasing inequality is done by cutting public services and increasing costs for the less well off. Improving standards for all society is taxing the rich who more often than not will not feel the pinch like the poor people will. Most politicians being well off means they tend to protect their own while pretending they give a damn about the poor.
 
And being poor is not always a choice or because of bad decisions. Just like being rich isn't always a choice or based on good decisions. Deciding one group of people need to suffer because rich people have decided that's the way to pay off the debt mostly caused by their decisions is capitalism on steroids.

I'm not against free market and enterprise. But we now have a world where it's luck or nepotism. It is OK to not like that without being a socialist/communist.
 
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Gutter Boy said:
Id probably just do 2 years rather than 5 - they should keep on dropping. I think mine is 2026 sometime so was expecting to do the same
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Ours was up for remortgage a couple of months after Truss and we took a two year deal. Also hoping they’re down by the time we hit the second half of the year. Ours went up by £500 overnight, thanks largely to The Lettuce.
 
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Mikey10 said:
Ours was up for remortgage a couple of months after Truss and we took a two year deal. Also hoping they’re down by the time we hit the second half of the year. Ours went up by £500 overnight, thanks largely to The Lettuce.
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Ours is currently 5.69%
 
markysimmo said:
https://twitter.com/x/status/1880338704947871884
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Cool when you have industry to do that, we have absolutely f-all in comparison. We made sure of that in the 80s.

Massive net importer of things like food whilst the biggest export is services. The majority of containers that enter this country leave empty so companies are spending £3000 ontop of anything so they can be sent back to where they come from or elsewhere.

We fudged the balance years ago IMO, Brexit hasn't helped in that respect either
 
Grays_1890 said:
Cool when you have industry to do that, we have absolutely f-all in comparison. We made sure of that in the 80s.

Massive net importer of things like food whilst the biggest export is services. The majority of containers that enter this country leave empty so companies are spending £3000 ontop of anything so they can be sent back to where they come from or elsewhere.

We fudged the balance years ago IMO, Brexit hasn't helped in that respect either
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We need to use Brexit to bring in more tariffs on certain things to revive domestic production. Reverse some of Thatcher's damage
 
Rorschach said:
Argentina's poverty levels are soaring. Inflation is 117%. Not as bad a previous (300% :oops:) but nobody can afford brick.
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8 months continuous decline.

Inflation Rate in Argentina eased 117.8% in December, marking the eighth consecutive month of disinflation and the softest increase since July 2023, down from 166% in November and matching forecasts. Inflation Rate in Argentina averaged 190.41 percent from 1944 until 2024, reaching an all time high of 20262.80 percent in March of 1990 and a record low of -7.00 percent in February of 1954. source: Instituto Nacional de Estadística y Censos (INDEC)​

Argentina Inflation Rate

Inflation Rate in Argentina decreased to 117.80 percent in December from 166 percent in November of 2024. This page provides the latest reported value for - Argentina Inflation Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic...
tradingeconomics.com tradingeconomics.com
 
Mikey10 said:
Ours was up for remortgage a couple of months after Truss and we took a two year deal. Also hoping they’re down by the time we hit the second half of the year. Ours went up by £500 overnight, thanks largely to The Lettuce.
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You can generally lock in a new rate up to 6 months in advance of your current one expiring, the trick is to lock in the best available at the outset and if they drop further you can change to that rate for free. You would likely have got a way better rate if you'd done that.
 
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