Have 10% inflation and falling markets affected your drawdown plan?

Nebulous2

Sea_Shell said:

Nebulous2 said:

Deleted_User said:

Workerdrone said:

Deleted_User said:

NannaH said:

I do believe that people like my Daughter, who is now into her 10th year of Maths teaching,  should have their student loans written off,  partly to incentivise staying in Teaching at a time when they are leaving in droves. 

Ten years is a fair timescale,  she has paid back a fair whack.  She was very lucky to get a STEM bursary for her PGCE but still had to fund her Maths degree. 

Quite. For any profession with shortages it makes sense to incentivize training and education on the condition that individuals either spend a certain number of years working in the field within the country or repay the funding. 

Ive always felt this about nursing qualifications. It strikes me as quite a barrier to entry to have to do a degree where there's only really one end employer and the entry level salary is pretty poor. To me they should be fully funded conditional on completing the course and working for x number of years in the NHS, if you drop out or leave within that timescale the full amount becomes repayable.

I don’t know the stats but anecdotally it seems that NHS survives by importing nurses educated elsewhere, mostly developing countries. Which is akin to robbing developing countries of their resources.  They even go out and recruit in third world countries. 

Yes - a lot of our nurses go to practice in places with better terms and conditions of service - Australia, Canada the US of A. Then we import nurses from places where our conditions improve their lot - India, the Philippines, Nigeria and previously EU countries such as Spain. 

I wonder why USA, Australia and Canada don't just recruit directly from India Philippines Nigeria etc. ?

Miss out the UK. 😉

I like to think it is because they appreciate the calibre of our nurses! 

Nebulous2

Albermarle said:

Nebulous2 said:

Deleted_User said:

Workerdrone said:

Deleted_User said:

NannaH said:

I do believe that people like my Daughter, who is now into her 10th year of Maths teaching,  should have their student loans written off,  partly to incentivise staying in Teaching at a time when they are leaving in droves. 

Ten years is a fair timescale,  she has paid back a fair whack.  She was very lucky to get a STEM bursary for her PGCE but still had to fund her Maths degree. 

Quite. For any profession with shortages it makes sense to incentivize training and education on the condition that individuals either spend a certain number of years working in the field within the country or repay the funding. 

Ive always felt this about nursing qualifications. It strikes me as quite a barrier to entry to have to do a degree where there's only really one end employer and the entry level salary is pretty poor. To me they should be fully funded conditional on completing the course and working for x number of years in the NHS, if you drop out or leave within that timescale the full amount becomes repayable.

I don’t know the stats but anecdotally it seems that NHS survives by importing nurses educated elsewhere, mostly developing countries. Which is akin to robbing developing countries of their resources.  They even go out and recruit in third world countries. 

Yes - a lot of our nurses go to practice in places with better terms and conditions of service - Australia, Canada the US of A. Then we import nurses from places where our conditions improve their lot - India, the Philippines, Nigeria and previously EU countries such as Spain. 

From a couple of recent hospital visits, there still seems to be quite a lot of 'EU nurses' working in the NHS. Presumably they were here already and have applied for permanent status ( if that is the right expression ) 

There are - but not as many as there were. 

Numbers of nurses and midwives leaving NHS highest for four years | Nursing | The Guardian

663 EU or EEA nurses joined the register last year, compared with 9389 in 15/16. 

Peak leaving? A spotlight on nurse leaver rates in the UK | The Nuffield Trust

In the last year 7.9% of those who trained in the EU left, compared with 3.7% of those who trained in the UK. 

saucer

The trust I work for has a really alarming level of permanent nursing vacancies. And nurses are the backbone of the NHS (and I am not one). The loss of wonderful colleagues from the EU is one of many Brexit bonuses 

MK62

saucer said:

The trust I work for has a really alarming level of permanent nursing vacancies. And nurses are the backbone of the NHS (and I am not one). The loss of wonderful colleagues from the EU is one of many Brexit bonuses 

Were your colleagues from the EU forced to leave the UK because of Brexit?

billy2shots

The biggest issue is not the amount of NHS and Social Care workers leaving. 

The big issue is lack of new EU workers filling the ever increasing void as people leave those sectors or retire. 

saucer

billy2shots said:

The biggest issue is not the amount of NHS and Social Care workers leaving. 

The big issue is lack of new EU workers filling the ever increasing void as people leave those sectors or retire. 

This. And even if people were not ‘forced’ to leave the decision the country took, whether you agreed or not, altered how we are viewed by our neighbours and how welcome people feel. 

Sunnylifeover50plan

It's turning political. 5 million or so EU affiliated folks settled in the UK - that's a lot of people. Surely some of them must work in the NHS still. The NHS needs to have a people pipeline - training and development along with golden handcuffs to keep staff it's invested in unless they pay back training costs invested in them. It can't poach from poorer countries. I'm sure Justin Welby would agree.

[Deleted User]

This “nursing jobs” discussion does not appear to be linked to the topic but it really is. As populations are getting older, inflation tends to show in things other than CPI.  People move on from expensive cars and baby toys to using more and more healthcare. 

Governments control healthcare costs, buy in bulk as a monopoly, cap the cost  and make “free” at the point of usage. So inflation will show itself in shortages rather than CPI.  I do think that CPI curve will flatten sooner or later.  Seems like healthcare shortages and queues will increase while the quality will decrease.  And it might be more important to take up private insurance which could become more expensive. 

Albermarle

MK62 said:

saucer said:

The trust I work for has a really alarming level of permanent nursing vacancies. And nurses are the backbone of the NHS (and I am not one). The loss of wonderful colleagues from the EU is one of many Brexit bonuses 

Were your colleagues from the EU forced to leave the UK because of Brexit?

There are a couple of side issues. The drop in the Pounds value meant that UK salaries were less attractive than before the Referendum vote. Then Covid meant a lot of workers went home and then decided for various reasons not to come back. 

[Deleted User]

Albermarle said:

MK62 said:

saucer said:

The trust I work for has a really alarming level of permanent nursing vacancies. And nurses are the backbone of the NHS (and I am not one). The loss of wonderful colleagues from the EU is one of many Brexit bonuses 

Were your colleagues from the EU forced to leave the UK because of Brexit?

There are a couple of side issues. The drop in the Pounds value meant that UK salaries were less attractive than before the Referendum vote. Then Covid meant a lot of workers went home and then decided for various reasons not to come back. 

Yes, but the psychological factor is important. My brother-in-law is married to a Swede. They were residents in the UK and paid taxes in the UK. After Brexit they moved to Sweden and are now paying taxes there even though it costs them more.