Debate House Prices


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Post Covid Consensus?

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I have feeling that many people in this country will realise that they live a lot closer to the breadline than they previously thought.   They may also realise how much they will have to rely on public services if things go wrong.  Ultimately lots of people are probably finding out just what is important to them.

Once we return to "normality", will this change politics in the UK?  Will we see the safety net raised over the next 30 years by successive governments?  Will we see higher direct taxation ?  Or will it be the Cameron years part deux.  With government and opposition only arguing about the severity of austerity to be imposed.

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  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
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    Going to change culture. Last event even close to being of this magnitude was WW2. What people experience in their younger lives stays with them for the duration. Hence why in part Germans are generally natural savers and credit adverse. Higher taxation is a certainty. 

    Biggest political shift maybe in the USA. China was already growing in economic power. Now it has the opportunity to become a global influencer. Trump's America first policy while great internally. Doesn't wash internationally. 
    Labour first have to decide who they are. Before becoming credible opposition again. The crisis has given them a smokescreen to disappear out of the limelight. One feels that there's major battle ahead as to who controls the party machinery. 

  • phillw
    phillw Posts: 5,665 Forumite
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    edited 27 March 2020 at 12:22PM
    I have feeling that many people in this country will realise that they live a lot closer to the breadline than they previously thought.
    I think a lot of people have only just realized how punitive the benefits system is to those in need, but whether their empathy will last longer than themselves being in need is another matter.
    Once they get to retire on their lucky pensions they'll probably forget about it
  • MoneySeeker1
    MoneySeeker1 Posts: 1,229 Forumite
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    edited 27 March 2020 at 12:22PM
    A lot of people on pensions won't forget about it at all and do remember from own previous experience that the benefits system is punitive or were on benefits before it became quite so punitive and have been shocked watching cuts of recent years and wondering how those who do genuinely try to get work but can't are supposed to manage on the figures we've seen indicated.

    I've been on benefits myself back BC (ie Before Cuts) and have often thought "How would someone like me (ie worker not shirker) handle that amount of money?". 

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