SAGA says......

ILW

chucky wrote: »

poor graham. he thinks that raising interest rates will reduce cost push inflation and the VAT induced price rises.

i'd love him to explain how increasing base rates will reduce inflation.

Are you saying that there is nothing that can be done about inflation?

chucky

ILW wrote: »

Are you saying that there is nothing that can be done about inflation?

errr no.

as has been explained before on this thread and in many other threads interest rates are not the only fiscal tool available to try and deal with inflation.

ILW

chucky wrote: »

errr no.

as has been explained before on this thread and in many other threads interest rates are not the only fiscal tool available to try and deal with inflation.

Sorry, badly phrased, what I meant was is it accepted that there is nothing that can be done about the current way over target inflation? Or has it just been decided to let it run?

wotsthat

poor graham. he thinks that raising interest rates will reduce cost push inflation and the VAT induced price rises.

i'd love him to explain how increasing base rates will reduce inflation.

It's my fault really - I shouldn't have given him the opportunity to flounce off by suggesting that converting pounds and pence into pints of milk didn't provide additional clarity.

Get ready for the new thread entitled something like "someone you've never heard of thinks interest rates should rise". There'll be a comment about not shooting the messenger. Unfortunately the messenger will have to be shot as there is a high probability that only selected parts of the message will be delivered.

Thrugelmir

Kennyboy66 wrote: »

The £216 is net income after housing costs.

Pensioners really have never had it so good.

For a few maybe. Fred the Shred for example is on a gross £6600 per week.

So there's a lot of people with an income less than £216 .

lemonjelly

Bloomin hell. The sun must be affecting us all. The end is nigh I tell ya!:eek:

You want proof. Earlier this month hamish thanked one of my posts.

Now I find I have to do the same!:eek:

Madness is the only way forward!

mbga9pgf

I think we should withdraw medical care for anyone over 80. Would sort out the high cost of housing pretty quickly.

Sod the saga generation.

System

Thrugelmir wrote: »

For a few maybe. Fred the Shred for example is on a gross £6600 per week.

So there's a lot of people with an income less than £216 .

Fred the shred gets 11000 pints of milk a week! :eek:

IveSeenTheLight

Thrugelmir wrote: »

For a few maybe. Fred the Shred for example is on a gross £6600 per week.

So there's a lot of people with an income less than £216 .

Hmmm, one Fred the Shred / how many pensioners?

Hasn't there always been high pension recipients in the past the comparably still equates that pensioners appear to be finncially better off than in the past.

I'm amazed that people jump on the high earners / skewing effect debate so regularly.
It will have an affect I do not doubt, how much and was it much different to the decade before I'm not so sure.

Thrugelmir

IveSeenTheLight wrote: »

I'm amazed that people jump on the high earners / skewing effect debate so regularly.
It will have an affect I do not doubt, how much and was it much different to the decade before I'm not so sure.

Within Glasgow there's 2 distinct areas within 5 miles of each other. As a male your average life expectancy is around 35 years more if in you are in one area rather than the other.

That is the UK of today. A wide divergence depending on social and economic circumstances.