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Osborne Changes Course Pretending Not To
Comments
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So it appears even a slight step back i living conditions is now the defintion of austerity.
I would have thought it meant austere conditions.0 -
So it appears even a slight step back i living conditions is now the defintion of austerity.
It's all relative.I would have thought it meant austere conditions.
I imagine conditions are pretty austere for many, particularly those who have lost jobs as a result of the cuts.“The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.
Belief in myths allows the comfort of opinion without the discomfort of thought.”
-- President John F. Kennedy”0 -
So it appears even a slight step back i living conditions is now the defintion of austerity.
I would have thought it meant austere conditions.
It is all relative.
If you haven't had a pay increase in 6 years, like many in the NHS, then that is also going to take it's toll. Those staff are also facing pay cuts in the shape of increased pension contributions for poorer pensions.
No doubt their purchasing power has been eroded as well as their future aspirations.
Against this we have high inflation (above CPI/RPI) in necessary commodities energy, fuel, food, commuting.
So many are suffering erosion in living standards. Austerity is the wrong word perhaps."If you act like an illiterate man, your learning will never stop... Being uneducated, you have no fear of the future.".....
"big business is parasitic, like a mosquito, whereas I prefer the lighter touch, like that of a butterfly. "A butterfly can suck honey from the flower without damaging it," "Arunachalam Muruganantham0 -
grizzly1911 wrote: »It is all relative.
If you haven't had a pay increase in 6 years, like many in the NHS, then that is also going to take it's toll. Those staff are also facing pay cuts in the shape of increased pension contributions for poorer pensions.
No doubt their purchasing power has been eroded as well as their future aspirations.
Against this we have high inflation (above CPI/RPI) in necessary commodities energy, fuel, food, commuting.
So many are suffering erosion in living standards. Austerity is the wrong word perhaps.
That I agree with, going out for one less meal a month or hanging on to the same car for a little longer is not austerity in my opinion.0 -
That I agree with, going out for one less meal a month or hanging on to the same car for a little longer is not austerity in my opinion.
So you think that's the typical impact on the few million people who have lost jobs, or had their income severely restricted, as a result of the cuts then?
I rather suspect that for the majority, you're correct. The cuts will have little impact beyond the cutting back of non essential spending, and perhaps a slightly more frugal lifestyle.
But there is a significant minority, measured in millions, who will be far worse off than that.
And the lack of spending from both the majority and the minority is enough to severely limit recovery, causing unemployment to remain far higher than it should, Government expenditure on benefits to rise, and tax receipts to fall.
Hence why the deficit remains far larger than expected.“The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.
Belief in myths allows the comfort of opinion without the discomfort of thought.”
-- President John F. Kennedy”0 -
Regarding voting, I would suspect that the vast majority have seen very little actual effect. Millions are sitting very pretty due to the low mortgage rates due entirely to the recession and are substantially better off and happy to see things continue.0
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Millions are sitting very pretty due to the low mortgage rates due entirely to the recession and are substantially better off and happy to see things continue.
That was the case 3 years ago.
Not so much now that most banks have raised SVR-s for old borrowers and margins on new ones.
Average mortgage rate now pushing towards 4% again. It was in the 5% range for most of the decade up to 2008.
I'll agree some are still benefiting. Myself included. But the benefits for most are less than you'd think.“The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.
Belief in myths allows the comfort of opinion without the discomfort of thought.”
-- President John F. Kennedy”0 -
As said earlier, maybe austerity is just the wrong word for the vast majority of people.0
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But the right word for a significant minority measured in millions.
Not sure that 100% of the population have ever been affected by Austerity, nor that universal suffering was a prerequisite for using it.“The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.
Belief in myths allows the comfort of opinion without the discomfort of thought.”
-- President John F. Kennedy”0 -
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