Election 2017: What jobs do UK workers actually do?

Thrugelmir

An article worth reading.

Politicians of all parties spend election campaigns fighting for the votes of what they call "ordinary" or "hard-working" people.
There are record numbers of people in work in the UK, but what exactly do they do and what might be on their minds when they head out to vote?
A nation of service industry workers
When politicians want to appeal to working people they tend to don hard hats and head to factories or construction sites.
These workplaces may look good in pictures, but they do not chime with most people's experience of work.
Fewer than one in 10 people work in manufacturing and even fewer in construction.

http://www.bbc.co.uk/news/election-2017-39966615

economic

interesting. however no mention of the wealth accumulated by the baby boomer generation taking advantage of the large real wage growth. this will be passed onto the younger generation.

Jon_B_2

economic - do you thinking people sit around twiddling their thumbs waiting for their parents to die?

I'm 29 and my youngest parent is only 54. Hopefully she had another 30 years (ish) left in her yet. That inheritance won't be much use when I am 60 myself.

economic

no but gifts can be given.

GreatApe

Jon_B wrote: »

economic - do you thinking people sit around twiddling their thumbs waiting for their parents to die?

I'm 29 and my youngest parent is only 54. Hopefully she had another 30 years (ish) left in her yet. That inheritance won't be much use when I am 60 myself.

Then i'm sure you will just pass it straight onto charity if its of no use to you, right?

In my experience what I see is that people buy their first home around the age of 30, they then buy a bigger house around the age of 55 and often the trigger is an inheritance.

economic

GreatApe wrote: »

Then i'm sure you will just pass it straight onto charity if its of no use to you, right?

In my experience what I see is that people buy their first home around the age of 30, they then buy a bigger house around the age of 55 and often the trigger is an inheritance.

and not only that but this wealth can be passed onto the children of the 55 year old ie the grandchildren (who would be in their 20s/30s) of the grandparent who died. and given the lower birth rate, it would only be on average 1 or 2 grandchildren the wealth would be split into.

Out,_Vile_Jelly

Most politicians have no idea at all how ordinary people live, unless they are good constituency MPs, which seems to be the exception rather than the norm.

I was kindly offered £25k towards my deposit by my boomer parents when I bought in my mid-thirties, but declined as my financial independence is important to me. Christmas presents aside, I haven't received money from my parents since I left university. I'd find it weird asking my dad for cash at my age. They like to joke about leaving everything to the local cat orphanage; everything that is except my dad's beloved stamp collection.

economic

Out,_Vile_Jelly wrote: »

Most politicians have no idea at all how ordinary people live, unless they are good constituency MPs, which seems to be the exception rather than the norm.

I was kindly offered £25k towards my deposit by my boomer parents when I bought in my mid-thirties, but declined as my financial independence is important to me. Christmas presents aside, I haven't received money from my parents since I left university. I'd find it weird asking my dad for cash at my age. They like to joke about leaving everything to the local cat orphanage; everything that is except my dad's beloved stamp collection.

so you rather let the government take part of your parents wealth when they pass away rather then give it to you early enough to avoid it?

Out,_Vile_Jelly

economic wrote: »

so you rather let the government take part of your parents wealth when they pass away rather then give it to you early enough to avoid it?

I don't view life in those terms; I've seen first hand how disgustingly vulgar relatives can get when there's a sniff of an inheritance and I certainly do not want to descend to those levels.

The bulk of my parents' wealth will almost certainly be spent on care home fees. When that time comes I will concentrate on spending quality time with them, not calculating how much should be rightfully mine.

economic

Out,_Vile_Jelly wrote: »

I don't view life in those terms; I've seen first hand how disgustingly vulgar relatives can get when there's a sniff of an inheritance and I certainly do not want to descend to those levels.

The bulk of my parents' wealth will almost certainly be spent on care home fees. When that time comes I will concentrate on spending quality time with them, not calculating how much should be rightfully mine.

you are taking it way out of context. all i suggested was that tax planning is the smart thing to do.

put it this way. if there was no tax planning and your prents estate ended up paying some IHT, how would that make you feel? its not about you missing out on some money. its about your parents wealth being taxed AFTER it had already been taxed all these years. in simple terms it amounts to your parents being slaves to the economy and thats what they will be remembered for. sounds harsh but its true.

Out,_Vile_Jelly

economic wrote: »

put it this way. if there was no tax planning and your prents estate ended up paying some IHT, how would that make you feel?

Not as outraged as many faux socialists no doubt; I'd rather live in a Scandinavian type society with high taxation paying for better living standards all round.

Another reason for not accepting my parents' offer was that it would feel like they owned a part of my house and could have input in how I decorated it. Now they have to keep their gobs shut if I do something they disagree with.