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who has lower living standards that 1970s? we spend half as much on food and clothing, while double on leisure, doesnt sound like lower living standards. the doctors want twice what the inflation adjust pay would be, ignoring allowances (they dont like to mention all the add ons).

yeah misread that second para. point is the wage-price spiral is a real problem, if we didnt have wage restraint we'd see inflation stick or rise in a feedback loop, rather than decrease as input prices fall. that's the theory anyway. we could have done it different to the theory, just gave...

a narrative repeated in every country and central bank. we're not an outlier following maverick policy. not sure if your second paragraph is acknowledging the wage-inflation cycle, as lower "nominal" wage increase lead to lower price increases as demand reduces. it's simple, increase wages...

many key workers voted for strike action, few actually took it. nursing and teachers carried on going in, with token numbers on the picket lines. good strategy, get the effect without too much hurt on the members pockets.

inflation numbers measure an average, not your shopping. its a blend of various goods and services and if you dont buy to the same weighting, you wont see the same change.

yes, oil price dropping (hints of new supply from Saudi) which will help, european gas hit new high today.

grim numbers, not even a chink of sun rays from core rate which ticked back up. another indicator PPI (producer prices) has been rocketing up, leveled off so might see a turn. dark winter ahead either way.

like the analogy. im just looking for some respite, recovery from one illness before the next one starts.

behind the headline inflation number toady, the core inflation (excluding fuel and food) is down for second month. silver linings and all that. elsewhere might see the future by end of week, Nordstream gas pipeline has been offline for maintenance, rumours suggest the Russians decide not to...

asking people to form tax partnerships is not simplifying anything. loopholes can be dealt with be less tinkering to favour one group of another, the source of quirks, just stick to basic tax structure the flatter the rate the better. there's an entire other side to the issue you're looking at...

was going to comment on that bit. its controversial because you have to be very very careful about wording, audience and implications. because its quite easily misinterpreted, looks dodgy or open to hijack. that bit i expect isnt meaning "special needs" as formal developmental term, more...

trick with supermarkets is to look whats on offer. Tesco's at least has rolling discounts of products in a range, so one week will be their own brand the next the brand. my weekly shopping bill is often similar to a year ago because im buying half items on the discount rate.

after all the protestations against windfall tax, Sunak not only brings one in, but twice the amount others called for. :rolleyes:

as i understand there is a subtle nuance to this. as loan payments are taken at source, when the mortgage provider assess affordability on monthly income, the loan payments aren't seen. however the available income has been reduced, so a lower mortgage available.

well that seem pretty shitty for graduates. it was bonkers to tie interest to inflation in first place, someone obviously didnt think they'd rise. though as many wont ever pay it off, doesnt this just mean the loan company end up with more to write off?

it will remain to be seen if they do. the inflation is largly due to supply shortages running on from covid, rather than outright demand. interest rates are a crude tool for inflation but about the only one there is and better than doing nothing.

private companies are merely a conduit. point is we have 10x the population, ~10x the consumption. we simply couldnt have amassed similar fund unless we exported it all as Norway did.

thats a ton of problems there which are largely long term and common across the west. our solutions will be limited be we dont want to pay for them (though we say we do) or have them built near us. (note HSBC was not bailed out).

trouble is that offshore wind is cheap due to subsidy and when the wind doesnt blow enough we rely on gas backup - which was the root cause for the wholesale spike across Europe. there's lack of strategic thinking on storage, lack of building more wind onshore which is cheaper. building more...

wow, you're paying a fraction to start with, i.e. my 1kg pasta is £1 (probably 1.05 now).