First Spring Statement polling has just 13% thinking they will benefit – politicalbetting.com
I never know what to make of instant polling like the above from YouGov. Clearly it will take some time before the details of what Sunak announced this afternoon sink in and mostly what the sample responded is based on media responses.
Spanish property. Investment. Hedge against inflation?
Is Spain the best place to be buying in investment property if the world economy might take a dump? Serious question, I don't know, just instinctively doesn't feel so.
Go Portugal, then you can get the citizenship.
Haven't they recently changed those laws, so that the path to citizenship via the property buying route is restricted to buying properties in only certain shall we say less fashionable areas i.e. not the Algarve, which has a very solid property market.
When I last looked, it seemed they had just suspended it for Russia and Belarus.
(Checks)
Most countries seem to be described have temporarily halted it for Russians. Which sounds like leaving a backtrack open depending on circs.
Heard Rachel Reeves earlier. She was very good. A little work on her presentation and Labour have a star in the wings. Her stats on this government's performance were breathtaking
.....and not in a good way!
Better get your bets on that she will be out of a job in a year then...
Victory for @ForwomenScot as their remedy hearing confirmed that the faulty definition of “woman” will be removed from the Gender Representation on Public Boards Act
If good budgets on the night look bad in the morning, and bad budgets look better in the cold light of day, a mediocre budget probably just sits there like a damp towel you should have taken out of your kid's sports bag much sooner than you did.
Serious question, is Rishi the most regressive Chancellor in modern history?
I really can’t believe this package does next to nothing for those getting hardest hit by rising prices - those who are disabled and not working just got told they are on their own (after losing £1000 income in the Autumn)
In this case, unusually, the reality is politically more important than the perception. Unfortunately for the government, and for Rishi's political ambitions, the economic reality is that for most people, things are going to be getting increasingly difficult, or even worse than that, over the next few months, and they're not going to get any better for a long time. Not all of that is the government's fault, but the narrative that the Chancellor has protected 'hard-working families' is going to look very silly very soon.
For what it's worth, I think this is one of the worst budgets I can remember.
Simply appalling judgment and failure to recognize how people are struggling/will struggle and making it even more attractive to have unearned rather than earned income.
Serious question, is Rishi the most regressive Chancellor in modern history?
I really can’t believe this package does next to nothing for those getting hardest hit by rising prices - those who are disabled and not working just got told they are on their own (after losing £1000 income in the Autumn)
It shouldn't come as too much of a surprise, though - Sunak did absolutely nothing to stop the both economically and socially lunatic benefit cut last year, even before the worst of all this.
The evidence looks very much to be, that beneath all the polished charm, he simply doesn't care.
Serious question, is Rishi the most regressive Chancellor in modern history?
I really can’t believe this package does next to nothing for those getting hardest hit by rising prices - those who are disabled and not working just got told they are on their own (after losing £1000 income in the Autumn)
Russia’s move to transfer almost 800 foreign jets to its own aircraft register in the face of foreign sanctions has triggered a wave of insurance claims from leasing firms that own them
In this case, unusually, the reality is politically more important than the perception. Unfortunately for the government, and for Rishi's political ambitions, the economic reality is that for most people, things are going to be getting increasingly difficult, or even worse than that, over the next few months, and they're not going to get any better for a long time. Not all of that is the government's fault, but the narrative that the Chancellor has protected 'hard-working families' is going to look very silly very soon.
Would be nice to have more Northern Ireland polling. I still think the DUP will get about 20% although can't quite see them coming 1st (and I don't see DUP+UUP+TUV below 40%) but I can see them underperforming in seats and can see nationalist parties and Alliance having more efficient seat distribution than the Unionist parties.
Didn't someone (though it may have been a talking bag of custard, now I think about it) say that real earnings growth was the true measure of governmental success?
For what it's worth, I think this is one of the worst budgets I can remember.
Simply appalling judgment and failure to recognize how people are struggling/will struggle and making it even more attractive to have unearned rather than earned income.
Shocking.
I'm sorry, but unearned income has always been, and will always be, more appealing than earned income!
In this case, unusually, the reality is politically more important than the perception. Unfortunately for the government, and for Rishi's political ambitions, the economic reality is that for most people, things are going to be getting increasingly difficult, or even worse than that, over the next few months, and they're not going to get any better for a long time. Not all of that is the government's fault, but the narrative that the Chancellor has protected 'hard-working families' is going to look very silly very soon.
Your final comment is post of the week material.
I think he has blown it big time.
In a Sunak vs Starmer election I couldn't vote for either.
Heard Rachel Reeves earlier. She was very good. A little work on her presentation and Labour have a star in the wings. Her stats on this government's performance were breathtaking
.....and not in a good way!
Better get your bets on that she will be out of a job in a year then...
Either Reeves or Cooper will be LOTO when Starmer falls after failing to win in 2024. Or possibly Philipson, but she is inexperienced.
What's extra awful for Rishi is he doesn't even get the standard partisan bonus from Tories or Leave voters. This is an across the board shite reception.
I'm really struggling to see how the UK (and wider west other than the US) exits the current disaster of high inflation and not high enough wage growth. At least in the UK we've got wage growth of just below inflation, I fear for countries across Europe where wage growth is 2-3% per year vs 7-9% inflation. People there are really going to suffer and no one has any answers for them.
I also think the government needs to take a look at index linked gilts, it may be time to wind down selling them and slowly replacing the existing stock with standard coupon gilts. The reason our debt interest bill is so excruciating is because around 30% of total gilt stock is inflation linked, there's really been no need for the government to take this penalty and it's another one of those instruments that exists to protect pension incomes by funnelling tax receipts from working age people to pension funds who hold index linked gilts.
As ever the UK as a society seems as though it exists to serve the over 60s, fucking over everyone else in the process.
Russia’s move to transfer almost 800 foreign jets to its own aircraft register in the face of foreign sanctions has triggered a wave of insurance claims from leasing firms that own them
In this case, unusually, the reality is politically more important than the perception. Unfortunately for the government, and for Rishi's political ambitions, the economic reality is that for most people, things are going to be getting increasingly difficult, or even worse than that, over the next few months, and they're not going to get any better for a long time. Not all of that is the government's fault, but the narrative that the Chancellor has protected 'hard-working families' is going to look very silly very soon.
Your final comment is post of the week material.
I think he has blown it big time.
In a Sunak vs Starmer election I couldn't vote for either.
Fortunately for you, but not the rest of us, it will be Boris v Starmer.
In this case, unusually, the reality is politically more important than the perception. Unfortunately for the government, and for Rishi's political ambitions, the economic reality is that for most people, things are going to be getting increasingly difficult, or even worse than that, over the next few months, and they're not going to get any better for a long time. Not all of that is the government's fault, but the narrative that the Chancellor has protected 'hard-working families' is going to look very silly very soon.
Interesting on page 63 of the OBR book - "since 2019 the UK appears to have become a less trade intensive economy with trade as % of GDP falling 12% since 2019 - two and a half times more than any other G7 country". https://twitter.com/BBCSimonJack/status/1506671189544034305
In this case, unusually, the reality is politically more important than the perception. Unfortunately for the government, and for Rishi's political ambitions, the economic reality is that for most people, things are going to be getting increasingly difficult, or even worse than that, over the next few months, and they're not going to get any better for a long time. Not all of that is the government's fault, but the narrative that the Chancellor has protected 'hard-working families' is going to look very silly very soon.
Your final comment is post of the week material.
I think he has blown it big time.
In a Sunak vs Starmer election I couldn't vote for either.
Fortunately for you, but not the rest of us, it will be Boris v Starmer.
And I'd vote for Starmer. At the moment. Despite a *load* of questions about Labour's prospectus. And a fear of the far left infiltrating it like a cancer after he wins.
Interestingly, our constituency is becoming increasingly marginal. Though with the LD, not Labour.
In this case, unusually, the reality is politically more important than the perception. Unfortunately for the government, and for Rishi's political ambitions, the economic reality is that for most people, things are going to be getting increasingly difficult, or even worse than that, over the next few months, and they're not going to get any better for a long time. Not all of that is the government's fault, but the narrative that the Chancellor has protected 'hard-working families' is going to look very silly very soon.
Your final comment is post of the week material.
I think he has blown it big time.
In a Sunak vs Starmer election I couldn't vote for either.
Fortunately for you, but not the rest of us, it will be Boris v Starmer.
Boris in that instance as the best chance of Starmer losing an MP although in policy closer to Green
Interesting on page 63 of the OBR book - "since 2019 the UK appears to have become a less trade intensive economy with trade as % of GDP falling 12% since 2019 - two and a half times more than any other G7 country". https://twitter.com/BBCSimonJack/status/1506671189544034305
In this case, unusually, the reality is politically more important than the perception. Unfortunately for the government, and for Rishi's political ambitions, the economic reality is that for most people, things are going to be getting increasingly difficult, or even worse than that, over the next few months, and they're not going to get any better for a long time. Not all of that is the government's fault, but the narrative that the Chancellor has protected 'hard-working families' is going to look very silly very soon.
And the disabled can just freeze to death.
Are there no workhouses?
Don't give them ideas.
What makes you think the government have the spare cash to set up workhouses?
In this case, unusually, the reality is politically more important than the perception. Unfortunately for the government, and for Rishi's political ambitions, the economic reality is that for most people, things are going to be getting increasingly difficult, or even worse than that, over the next few months, and they're not going to get any better for a long time. Not all of that is the government's fault, but the narrative that the Chancellor has protected 'hard-working families' is going to look very silly very soon.
Your final comment is post of the week material.
I think he has blown it big time.
In a Sunak vs Starmer election I couldn't vote for either.
Fortunately for you, but not the rest of us, it will be Boris v Starmer.
Boris in that instance as the best chance of Starmer losing an NO although in policy closer to Green
In this case, unusually, the reality is politically more important than the perception. Unfortunately for the government, and for Rishi's political ambitions, the economic reality is that for most people, things are going to be getting increasingly difficult, or even worse than that, over the next few months, and they're not going to get any better for a long time. Not all of that is the government's fault, but the narrative that the Chancellor has protected 'hard-working families' is going to look very silly very soon.
And the disabled can just freeze to death.
Are there no workhouses?
Don't give them ideas.
What makes you think the government have the spare cash to set up workhouses?
Just contract them out. Like they did with prisons, Newgate and so on. Come to think of it, like they now do with prisons.
Interesting on page 63 of the OBR book - "since 2019 the UK appears to have become a less trade intensive economy with trade as % of GDP falling 12% since 2019 - two and a half times more than any other G7 country". https://twitter.com/BBCSimonJack/status/1506671189544034305
In this case, unusually, the reality is politically more important than the perception. Unfortunately for the government, and for Rishi's political ambitions, the economic reality is that for most people, things are going to be getting increasingly difficult, or even worse than that, over the next few months, and they're not going to get any better for a long time. Not all of that is the government's fault, but the narrative that the Chancellor has protected 'hard-working families' is going to look very silly very soon.
And the disabled can just freeze to death.
Are there no workhouses?
Don't give them ideas.
What makes you think the government have the spare cash to set up workhouses?
I believe workhouses were a Liberal policy.
The Tories will be looking to restore the old Elizabethan beggars and vagrancy laws.
Interesting on page 63 of the OBR book - "since 2019 the UK appears to have become a less trade intensive economy with trade as % of GDP falling 12% since 2019 - two and a half times more than any other G7 country". https://twitter.com/BBCSimonJack/status/1506671189544034305
I wonder if we will ever find out the cause...
It's a real head scratcher isn't it.
I for one am shocked that the face-eating leopards policy has resulted in some faces being eaten.
As well as the direct hit on family finances, there's also the effect on public services of something 8% inflation with no corresponding increase in their budgets. Public sector workers are going to be very disgruntled as their pay is frozen or near-frozen, and councils and the NHS are also going to be faced with sharply rising non-wage costs.
I don't think there has been an outlook as dire as this since the seventies.
In this case, unusually, the reality is politically more important than the perception. Unfortunately for the government, and for Rishi's political ambitions, the economic reality is that for most people, things are going to be getting increasingly difficult, or even worse than that, over the next few months, and they're not going to get any better for a long time. Not all of that is the government's fault, but the narrative that the Chancellor has protected 'hard-working families' is going to look very silly very soon.
Your final comment is post of the week material.
I think he has blown it big time.
In a Sunak vs Starmer election I couldn't vote for either.
Fortunately for you, but not the rest of us, it will be Boris v Starmer.
Boris in that instance as the best chance of Starmer losing an NO although in policy closer to Green
In this case, unusually, the reality is politically more important than the perception. Unfortunately for the government, and for Rishi's political ambitions, the economic reality is that for most people, things are going to be getting increasingly difficult, or even worse than that, over the next few months, and they're not going to get any better for a long time. Not all of that is the government's fault, but the narrative that the Chancellor has protected 'hard-working families' is going to look very silly very soon.
Your final comment is post of the week material.
I think he has blown it big time.
In a Sunak vs Starmer election I couldn't vote for either.
Fortunately for you, but not the rest of us, it will be Boris v Starmer.
Boris in that instance as the best chance of Starmer losing an NO although in policy closer to Green
What an astonishing chump you are.
Thanks always vote the opposite to GardenWalker that's my motto
In this case, unusually, the reality is politically more important than the perception. Unfortunately for the government, and for Rishi's political ambitions, the economic reality is that for most people, things are going to be getting increasingly difficult, or even worse than that, over the next few months, and they're not going to get any better for a long time. Not all of that is the government's fault, but the narrative that the Chancellor has protected 'hard-working families' is going to look very silly very soon.
And the disabled can just freeze to death.
Are there no workhouses?
Don't give them ideas.
What makes you think the government have the spare cash to set up workhouses?
I believe workhouses were a Liberal policy.
The Tories will be looking to restore the old Elizabethan beggars and vagrancy laws.
Just visualising the ScoTories campaigning to make the Kirk responsible for looking after the poor and charging us all teinds according to our wealth and real estate ... so perhaps not the ScoTories!
As well as the direct hit on family finances, there's also the effect on public services of something 8% inflation with no corresponding increase in their budgets. Public sector workers are going to be very disgruntled as their pay is frozen or near-frozen, and councils and the NHS are also going to be faced with sharply rising non-wage cuts.
I don't think there has been an outlook as dire as this since the seventies.
Indeed. Sick man of Europe redux.
This is effectively why I left. I mean, the direct reason was a job offer. But the underlying situation looked exceedingly grim.
As well as the direct hit on family finances, there's also the effect on public services of something 8% inflation with no corresponding increase in their budgets. Public sector workers are going to be very disgruntled as their pay is frozen or near-frozen, and councils and the NHS are also going to be faced with sharply rising non-wage cuts.
I don't think there has been an outlook as dire as this since the seventies.
Indeed. Sick man of Europe redux.
This is effectively why I left. I mean, the direct reason was a job offer. But the underlying situation looked exceedingly grim.
Now, now, less of the Europe. The Brexiters don't like that comparison, for two reasons at least.
In this case, unusually, the reality is politically more important than the perception. Unfortunately for the government, and for Rishi's political ambitions, the economic reality is that for most people, things are going to be getting increasingly difficult, or even worse than that, over the next few months, and they're not going to get any better for a long time. Not all of that is the government's fault, but the narrative that the Chancellor has protected 'hard-working families' is going to look very silly very soon.
Your final comment is post of the week material.
I think he has blown it big time.
In a Sunak vs Starmer election I couldn't vote for either.
Fortunately for you, but not the rest of us, it will be Boris v Starmer.
Boris in that instance as the best chance of Starmer losing an NO although in policy closer to Green
In this case, unusually, the reality is politically more important than the perception. Unfortunately for the government, and for Rishi's political ambitions, the economic reality is that for most people, things are going to be getting increasingly difficult, or even worse than that, over the next few months, and they're not going to get any better for a long time. Not all of that is the government's fault, but the narrative that the Chancellor has protected 'hard-working families' is going to look very silly very soon.
Your final comment is post of the week material.
I think he has blown it big time.
In a Sunak vs Starmer election I couldn't vote for either.
Fortunately for you, but not the rest of us, it will be Boris v Starmer.
Boris in that instance as the best chance of Starmer losing an NO although in policy closer to Green
What an astonishing chump you are.
Thanks always vote the opposite to GardenWalker that's my motto
That’s seems a rather stupid way to decide your vote.
Why don’t you vote on who you think will improve the lot of the country?
As well as the direct hit on family finances, there's also the effect on public services of something 8% inflation with no corresponding increase in their budgets. Public sector workers are going to be very disgruntled as their pay is frozen or near-frozen, and councils and the NHS are also going to be faced with sharply rising non-wage costs.
I don't think there has been an outlook as dire as this since the seventies.
Yep, we are now entering a sustained period of falling living standards and declining public services, presided over by a government that doesn't give any impression that it is particularly concerned.
As well as the direct hit on family finances, there's also the effect on public services of something 8% inflation with no corresponding increase in their budgets. Public sector workers are going to be very disgruntled as their pay is frozen or near-frozen, and councils and the NHS are also going to be faced with sharply rising non-wage costs.
I don't think there has been an outlook as dire as this since the seventies.
Yep, we are now entering a sustained period of falling living standards and declining public services, presided over by a government that doesn't give any impression that it is particularly concerned.
I believe the official government view is that the issue doesn’t exist and we are “world beating” our way to the fastest (insert x) in the G7.
And, if you’re very old and deluded, scared of the woke, and get your news from Farage-adjacent media —- it might just sound persuasive.
As well as the direct hit on family finances, there's also the effect on public services of something 8% inflation with no corresponding increase in their budgets. Public sector workers are going to be very disgruntled as their pay is frozen or near-frozen, and councils and the NHS are also going to be faced with sharply rising non-wage cuts.
I don't think there has been an outlook as dire as this since the seventies.
Indeed. Sick man of Europe redux.
This is effectively why I left. I mean, the direct reason was a job offer. But the underlying situation looked exceedingly grim.
The outlook is way, way worse across Europe, there's still signs of life in the UK economy, in some parts of Europe there's nothing. Just surging costs, no wage rises, huge tax rises, promise of state investment that never arrives and rapidly dropping consumer sentiment.
Even though I love Italy, the idea of living there is a disaster, what's happening here in terms of hollowing out working age incomes to protect oldies is happening all across the continent at an even worse rate. Macron can't even get the bloody pension age up from 62 to 65 without riots in the streets, old age spending in the UK is bad at around 20% of GDP, across the continent that number is hitting 25% already and rising fast leaving almost no room for investment in services or infrastructure.
I'm starting to think that maybe we should have just let COVID rip, it would have solved the care, healthcare and pensions cost crisis within a year and we would have saved £400bn in furlough and other expenses.
As well as the direct hit on family finances, there's also the effect on public services of something 8% inflation with no corresponding increase in their budgets. Public sector workers are going to be very disgruntled as their pay is frozen or near-frozen, and councils and the NHS are also going to be faced with sharply rising non-wage cuts.
I don't think there has been an outlook as dire as this since the seventies.
Indeed. Sick man of Europe redux.
This is effectively why I left. I mean, the direct reason was a job offer. But the underlying situation looked exceedingly grim.
Now, now, less of the Europe. The Brexiters don't like that comparison, for two reasons at least.
Pish to that parochial European sick man malarkey, we're global invalids!
As well as the direct hit on family finances, there's also the effect on public services of something 8% inflation with no corresponding increase in their budgets. Public sector workers are going to be very disgruntled as their pay is frozen or near-frozen, and councils and the NHS are also going to be faced with sharply rising non-wage cuts.
I don't think there has been an outlook as dire as this since the seventies.
Indeed. Sick man of Europe redux.
This is effectively why I left. I mean, the direct reason was a job offer. But the underlying situation looked exceedingly grim.
We'll cope. Heartbroken at losing you, but we'll cope.
Enjoy life in the Land of the Free. (Apart from the healthcare.)
As well as the direct hit on family finances, there's also the effect on public services of something 8% inflation with no corresponding increase in their budgets. Public sector workers are going to be very disgruntled as their pay is frozen or near-frozen, and councils and the NHS are also going to be faced with sharply rising non-wage cuts.
I don't think there has been an outlook as dire as this since the seventies.
Indeed. Sick man of Europe redux.
This is effectively why I left. I mean, the direct reason was a job offer. But the underlying situation looked exceedingly grim.
Which major European economies do you think are best placed to withstand a prolonged conflict with Russia?
As well as the direct hit on family finances, there's also the effect on public services of something 8% inflation with no corresponding increase in their budgets. Public sector workers are going to be very disgruntled as their pay is frozen or near-frozen, and councils and the NHS are also going to be faced with sharply rising non-wage costs.
I don't think there has been an outlook as dire as this since the seventies.
Yep, we are now entering a sustained period of falling living standards and declining public services, presided over by a government that doesn't give any impression that it is particularly concerned.
This is going to be the case across the west, if not the world.
We have had a global plague, now we have a terrible war( (and the plague is still rumbling on, with perhaps famine to come?)
I'm not defending this government but the global economy has just been served two enormous cauldrons of shit to eat, so everything will have the savour of shit for quite a while
As well as the direct hit on family finances, there's also the effect on public services of something 8% inflation with no corresponding increase in their budgets. Public sector workers are going to be very disgruntled as their pay is frozen or near-frozen, and councils and the NHS are also going to be faced with sharply rising non-wage cuts.
I don't think there has been an outlook as dire as this since the seventies.
Indeed. Sick man of Europe redux.
This is effectively why I left. I mean, the direct reason was a job offer. But the underlying situation looked exceedingly grim.
We'll cope. Heartbroken at losing you, but we'll cope.
Enjoy life in the Land of the Free. (Apart from the healthcare.)
The land of the free. Where almost nothing is. And you cannot even cross the road where you want.
As well as the direct hit on family finances, there's also the effect on public services of something 8% inflation with no corresponding increase in their budgets. Public sector workers are going to be very disgruntled as their pay is frozen or near-frozen, and councils and the NHS are also going to be faced with sharply rising non-wage cuts.
I don't think there has been an outlook as dire as this since the seventies.
Indeed. Sick man of Europe redux.
This is effectively why I left. I mean, the direct reason was a job offer. But the underlying situation looked exceedingly grim.
We'll cope. Heartbroken at losing you, but we'll cope.
Enjoy life in the Land of the Free. (Apart from the healthcare.)
The land of the free. Where almost nothing is. And you cannot even cross the road where you want.
And when you do get to the other side of the road, a homeless crazy man on Fentanyl will shoot you dead in revenge for your *privilege*
As well as the direct hit on family finances, there's also the effect on public services of something 8% inflation with no corresponding increase in their budgets. Public sector workers are going to be very disgruntled as their pay is frozen or near-frozen, and councils and the NHS are also going to be faced with sharply rising non-wage cuts.
I don't think there has been an outlook as dire as this since the seventies.
Indeed. Sick man of Europe redux.
This is effectively why I left. I mean, the direct reason was a job offer. But the underlying situation looked exceedingly grim.
The outlook is way, way worse across Europe, there's still signs of life in the UK economy, in some parts of Europe there's nothing. Just surging costs, no wage rises, huge tax rises, promise of state investment that never arrives and rapidly dropping consumer sentiment.
Even though I love Italy, the idea of living there is a disaster, what's happening here in terms of hollowing out working age incomes to protect oldies is happening all across the continent at an even worse rate. Macron can't even get the bloody pension age up from 62 to 65 without riots in the streets, old age spending in the UK is bad at around 20% of GDP, across the continent that number is hitting 25% already and rising fast leaving almost no room for investment in services or infrastructure.
I'm starting to think that maybe we should have just let COVID rip, it would have solved the care, healthcare and pensions cost crisis within a year and we would have saved £400bn in furlough and other expenses.
Well, I moved to the US.
But I am far less pessimistic about Europe than you seem to be.
Not Italy, of course, but Italy is in an even worse state than the UK.
I think, were I a “middle income” earning household (say, £100k?) with two kids…I would be content to move to most of Northern Europe.
Even the Balts and Czech are looking OK these days.
I’m trying to balance everything up in my thinking here - quality of life, taxation, public services, and the chance for my kids to live a normal lifestyle.
Just when you think the world has hit peak bonkersness we learn the Taliban in Afghanistan is closing schools to girls because they can't decide what they ought to wear.
As well as the direct hit on family finances, there's also the effect on public services of something 8% inflation with no corresponding increase in their budgets. Public sector workers are going to be very disgruntled as their pay is frozen or near-frozen, and councils and the NHS are also going to be faced with sharply rising non-wage cuts.
I don't think there has been an outlook as dire as this since the seventies.
Indeed. Sick man of Europe redux.
This is effectively why I left. I mean, the direct reason was a job offer. But the underlying situation looked exceedingly grim.
Which major European economies do you think are best placed to withstand a prolonged conflict with Russia?
I doubt any European economy is well placed to withstand a “prolonged conflict with Russia”.
Just when you think the world has hit peak bonkersness we learn the Taliban in Afghanistan is closing schools to girls because they can't decide what they ought to wear.
As well as the direct hit on family finances, there's also the effect on public services of something 8% inflation with no corresponding increase in their budgets. Public sector workers are going to be very disgruntled as their pay is frozen or near-frozen, and councils and the NHS are also going to be faced with sharply rising non-wage cuts.
I don't think there has been an outlook as dire as this since the seventies.
Indeed. Sick man of Europe redux.
This is effectively why I left. I mean, the direct reason was a job offer. But the underlying situation looked exceedingly grim.
We'll cope. Heartbroken at losing you, but we'll cope.
Enjoy life in the Land of the Free. (Apart from the healthcare.)
Don’t worry I’ll be back. Did you see West Side Story btw? I think it’s a terrible shame it bombed at the box office.
As well as the direct hit on family finances, there's also the effect on public services of something 8% inflation with no corresponding increase in their budgets. Public sector workers are going to be very disgruntled as their pay is frozen or near-frozen, and councils and the NHS are also going to be faced with sharply rising non-wage cuts.
I don't think there has been an outlook as dire as this since the seventies.
Indeed. Sick man of Europe redux.
This is effectively why I left. I mean, the direct reason was a job offer. But the underlying situation looked exceedingly grim.
Which major European economies do you think are best placed to withstand a prolonged conflict with Russia?
I doubt any European economy is well placed to withstand a “prolonged conflict with Russia”.
What a daft question.
You asserted that Britain is the sick man of Europe, so presumably you think that we will be worst affected by the economic war that is opening up? Or haven't you given it any thought?
Just when you think the world has hit peak bonkersness we learn the Taliban in Afghanistan is closing schools to girls because they can't decide what they ought to wear.
As well as the direct hit on family finances, there's also the effect on public services of something 8% inflation with no corresponding increase in their budgets. Public sector workers are going to be very disgruntled as their pay is frozen or near-frozen, and councils and the NHS are also going to be faced with sharply rising non-wage costs.
I don't think there has been an outlook as dire as this since the seventies.
And almost all of it would have happened without the war. So they are lucky in having Putin to blame, and for Brexit being pushed out of the news almost completely.
It's the Express, but still. Interesting (and macabre)
"Putin is killing his OWN men with Stalin-style ‘execution squads’
"VLADIMIR Putin is reportedly using "execution squads" to kill defectors in a desperate effort to hold back the number of Russian soldiers fleeing from the invasion of Ukraine."
It's the Express, but still. Interesting (and macabre)
"Putin is killing his OWN men with Stalin-style ‘execution squads’
"VLADIMIR Putin is reportedly using "execution squads" to kill defectors in a desperate effort to hold back the number of Russian soldiers fleeing from the invasion of Ukraine."
Societies that are both more equal, and economically performing better, will probably weather the social and economic storms better.
The usual suspects - north-western Europe beyond the UK.
Provided they're not too dependent on Russian gas... you want to be in Norway, perhaps. And actually France should be relatively well placed.
German politics is already starting to get very bitter as they realise they've put themselves in a position where they have a choice between financing Putin's war and protecting their economy.
As well as the direct hit on family finances, there's also the effect on public services of something 8% inflation with no corresponding increase in their budgets. Public sector workers are going to be very disgruntled as their pay is frozen or near-frozen, and councils and the NHS are also going to be faced with sharply rising non-wage cuts.
I don't think there has been an outlook as dire as this since the seventies.
Indeed. Sick man of Europe redux.
This is effectively why I left. I mean, the direct reason was a job offer. But the underlying situation looked exceedingly grim.
The outlook is way, way worse across Europe, there's still signs of life in the UK economy, in some parts of Europe there's nothing. Just surging costs, no wage rises, huge tax rises, promise of state investment that never arrives and rapidly dropping consumer sentiment.
Even though I love Italy, the idea of living there is a disaster, what's happening here in terms of hollowing out working age incomes to protect oldies is happening all across the continent at an even worse rate. Macron can't even get the bloody pension age up from 62 to 65 without riots in the streets, old age spending in the UK is bad at around 20% of GDP, across the continent that number is hitting 25% already and rising fast leaving almost no room for investment in services or infrastructure.
I'm starting to think that maybe we should have just let COVID rip, it would have solved the care, healthcare and pensions cost crisis within a year and we would have saved £400bn in furlough and other expenses.
Well, I moved to the US.
But I am far less pessimistic about Europe than you seem to be.
Not Italy, of course, but Italy is in an even worse state than the UK.
I think, were I a “middle income” earning household (say, £100k?) with two kids…I would be content to move to most of Northern Europe.
Even the Balts and Czech are looking OK these days.
I’m trying to balance everything up in my thinking here - quality of life, taxation, public services, and the chance for my kids to live a normal lifestyle.
Kids getting shot at school is normal in US I believe.
As well as the direct hit on family finances, there's also the effect on public services of something 8% inflation with no corresponding increase in their budgets. Public sector workers are going to be very disgruntled as their pay is frozen or near-frozen, and councils and the NHS are also going to be faced with sharply rising non-wage cuts.
I don't think there has been an outlook as dire as this since the seventies.
Indeed. Sick man of Europe redux.
This is effectively why I left. I mean, the direct reason was a job offer. But the underlying situation looked exceedingly grim.
Which major European economies do you think are best placed to withstand a prolonged conflict with Russia?
I doubt any European economy is well placed to withstand a “prolonged conflict with Russia”.
What a daft question.
You asserted that Britain is the sick man of Europe, so presumably you think that we will be worst affected by the economic war that is opening up? Or haven't you given it any thought?
I just think your premise is a little odd. By economic war do you mean sanctions and rising energy costs?
I think much of Europe has been caught napping - save France, perhaps - on energy costs.
This includes the UK of course.
I still think that Western Europe (apart from Italy!) is likely to outperform the UK over the next several years.
In this case, unusually, the reality is politically more important than the perception. Unfortunately for the government, and for Rishi's political ambitions, the economic reality is that for most people, things are going to be getting increasingly difficult, or even worse than that, over the next few months, and they're not going to get any better for a long time. Not all of that is the government's fault, but the narrative that the Chancellor has protected 'hard-working families' is going to look very silly very soon.
Your final comment is post of the week material.
I think he has blown it big time.
In a Sunak vs Starmer election I couldn't vote for either.
Fortunately for you, but not the rest of us, it will be Boris v Starmer.
Boris in that instance as the best chance of Starmer losing an MP although in policy closer to Green
Are you going to campaign for Boris and the Tories or just vote for them?
In this case, unusually, the reality is politically more important than the perception. Unfortunately for the government, and for Rishi's political ambitions, the economic reality is that for most people, things are going to be getting increasingly difficult, or even worse than that, over the next few months, and they're not going to get any better for a long time. Not all of that is the government's fault, but the narrative that the Chancellor has protected 'hard-working families' is going to look very silly very soon.
Your final comment is post of the week material.
I think he has blown it big time.
In a Sunak vs Starmer election I couldn't vote for either.
Fortunately for you, but not the rest of us, it will be Boris v Starmer.
And I'd vote for Starmer. At the moment. Despite a *load* of questions about Labour's prospectus. And a fear of the far left infiltrating it like a cancer after he wins.
Interestingly, our constituency is becoming increasingly marginal. Though with the LD, not Labour.
Get over that fear. It's based on nothing. Corbyn and the Trots have been scythed from the party machine. They ain't coming back.
What are the odds (this IS ostensibly a betting site) that for foreseeable future, we'll be hearing more "woke" and less "budget" from Tories here & elsewhere?
As well as the direct hit on family finances, there's also the effect on public services of something 8% inflation with no corresponding increase in their budgets. Public sector workers are going to be very disgruntled as their pay is frozen or near-frozen, and councils and the NHS are also going to be faced with sharply rising non-wage cuts.
I don't think there has been an outlook as dire as this since the seventies.
Indeed. Sick man of Europe redux.
This is effectively why I left. I mean, the direct reason was a job offer. But the underlying situation looked exceedingly grim.
The outlook is way, way worse across Europe, there's still signs of life in the UK economy, in some parts of Europe there's nothing. Just surging costs, no wage rises, huge tax rises, promise of state investment that never arrives and rapidly dropping consumer sentiment.
Even though I love Italy, the idea of living there is a disaster, what's happening here in terms of hollowing out working age incomes to protect oldies is happening all across the continent at an even worse rate. Macron can't even get the bloody pension age up from 62 to 65 without riots in the streets, old age spending in the UK is bad at around 20% of GDP, across the continent that number is hitting 25% already and rising fast leaving almost no room for investment in services or infrastructure.
I'm starting to think that maybe we should have just let COVID rip, it would have solved the care, healthcare and pensions cost crisis within a year and we would have saved £400bn in furlough and other expenses.
Well, I moved to the US.
But I am far less pessimistic about Europe than you seem to be.
Not Italy, of course, but Italy is in an even worse state than the UK.
I think, were I a “middle income” earning household (say, £100k?) with two kids…I would be content to move to most of Northern Europe.
Even the Balts and Czech are looking OK these days.
I’m trying to balance everything up in my thinking here - quality of life, taxation, public services, and the chance for my kids to live a normal lifestyle.
Kids getting shot at school is normal in US I believe.
I think “normal” might be over-stretching it.
For this period of my life, (40s, two kids), it’s massively more advantageous for me to be here.
What are the odds (this IS ostensibly a betting site) that for foreseeable future, we'll be hearing more "woke" and less "budget" from Tories here & elsewhere?
Comments
Amounts remain the same; geographical restrictions will apply. Residential properties in Lisbon, Porto, or along the coast won’t qualify
https://getgoldenvisa.com/portugal-golden-visa-changes
https://twitter.com/TheCriticMag/status/1506675686320316417
I really can’t believe this package does next to nothing for those getting hardest hit by rising prices - those who are disabled and not working just got told they are on their own (after losing £1000 income in the Autumn)
https://twitter.com/torstenbell/status/1506631735089500167?s=21
Absolutely no way he increases them by 8% next year.
(Might not be quite as high as 8% - it's the average from Oct 21 - Sep 22)
Simply appalling judgment and failure to recognize how people are struggling/will struggle and making it even more attractive to have unearned rather than earned income.
Shocking.
It shouldn't come as too much of a surprise, though - Sunak did absolutely nothing to stop the both economically and socially lunatic benefit cut last year, even before the worst of all this.
The evidence looks very much to be, that beneath all the polished charm, he simply doesn't care.
https://twitter.com/BloombergUK/status/1506687451695357953
Are there no workhouses?
Would be nice to have more Northern Ireland polling. I still think the DUP will get about 20% although can't quite see them coming 1st (and I don't see DUP+UUP+TUV below 40%) but I can see them underperforming in seats and can see nationalist parties and Alliance having more efficient seat distribution than the Unionist parties.
I think he has blown it big time.
In a Sunak vs Starmer election I couldn't vote for either.
I'm really struggling to see how the UK (and wider west other than the US) exits the current disaster of high inflation and not high enough wage growth. At least in the UK we've got wage growth of just below inflation, I fear for countries across Europe where wage growth is 2-3% per year vs 7-9% inflation. People there are really going to suffer and no one has any answers for them.
I also think the government needs to take a look at index linked gilts, it may be time to wind down selling them and slowly replacing the existing stock with standard coupon gilts. The reason our debt interest bill is so excruciating is because around 30% of total gilt stock is inflation linked, there's really been no need for the government to take this penalty and it's another one of those instruments that exists to protect pension incomes by funnelling tax receipts from working age people to pension funds who hold index linked gilts.
As ever the UK as a society seems as though it exists to serve the over 60s, fucking over everyone else in the process.
Filling up before 6pm. Numpty
But they are stunningly poor figures nonetheless.
https://twitter.com/BBCSimonJack/status/1506671189544034305
They will soon be living in Scotland where they already have accommodation sorted and all of the group can stay together. @itvnews https://twitter.com/PeterAdamSmith/status/1506688985753694214/photo/1
Interestingly, our constituency is becoming increasingly marginal. Though with the LD, not Labour.
(I know you probably mean yearly)
The Tories will be looking to restore the old Elizabethan beggars and vagrancy laws.
I don't think there has been an outlook as dire as this since the seventies.
Sick man of Europe redux.
This is effectively why I left.
I mean, the direct reason was a job offer.
But the underlying situation looked exceedingly grim.
Why don’t you vote on who you think will improve the lot of the country?
And, if you’re very old and deluded, scared of the woke, and get your news from Farage-adjacent media —- it might just sound persuasive.
The effects of similar economic shocks, combined with post-Thatcherite levels of inequality, are not going to be great.
Even though I love Italy, the idea of living there is a disaster, what's happening here in terms of hollowing out working age incomes to protect oldies is happening all across the continent at an even worse rate. Macron can't even get the bloody pension age up from 62 to 65 without riots in the streets, old age spending in the UK is bad at around 20% of GDP, across the continent that number is hitting 25% already and rising fast leaving almost no room for investment in services or infrastructure.
I'm starting to think that maybe we should have just let COVID rip, it would have solved the care, healthcare and pensions cost crisis within a year and we would have saved £400bn in furlough and other expenses.
Enjoy life in the Land of the Free. (Apart from the healthcare.)
We have had a global plague, now we have a terrible war( (and the plague is still rumbling on, with perhaps famine to come?)
I'm not defending this government but the global economy has just been served two enormous cauldrons of shit to eat, so everything will have the savour of shit for quite a while
The usual suspects - northwestern Europe beyond the UK, and possibly countries like Canada , too.
https://mobile.twitter.com/EuromaidanPress/status/1506687830067757059
But I am far less pessimistic about Europe than you seem to be.
Not Italy, of course, but Italy is in an even worse state than the UK.
I think, were I a “middle income” earning household (say, £100k?) with two kids…I would be content to move to most of Northern Europe.
Even the Balts and Czech are looking OK these days.
I’m trying to balance everything up in my thinking here - quality of life, taxation, public services, and the chance for my kids to live a normal lifestyle.
https://www.youtube.com/watch?v=SrTrpwzVt4g
What a daft question.
*Decreases with car use
Did you see West Side Story btw?
I think it’s a terrible shame it bombed at the box office.
i.e. the Taliban have suspended the reopening.
"Putin is killing his OWN men with Stalin-style ‘execution squads’
"VLADIMIR Putin is reportedly using "execution squads" to kill defectors in a desperate effort to hold back the number of Russian soldiers fleeing from the invasion of Ukraine."
https://www.express.co.uk/news/world/1585099/Putin-russia-ukraine-invasion-stalin-soldiers-surrender-conscripts
Utterly shameful.
By economic war do you mean sanctions and rising energy costs?
I think much of Europe has been caught napping - save France, perhaps - on energy costs.
This includes the UK of course.
I still think that Western Europe (apart from Italy!) is likely to outperform the UK over the next several years.
https://twitter.com/RALee85/status/1506686575282999301?s=20&t=UKwVvHgjfwRwTr_Z28jmLQ
For this period of my life, (40s, two kids), it’s massively more advantageous for me to be here.
The idea is to try to retire in my early 50s.