Inflation higher than expected yet again

mongoose2009

worldwide about 4 trillion of printed up money has to work its way thru the system

inflations staying high

Altior

talexuser said:

Altior said:

 one of the duopoly parties has a historical reputation for spending even more money than it takes in, and they are not at the helm currently. 

The problem for the imcumbents is that their reputation has been comprehensively trashed, with the highest taxes ever with the worst public services. Starmer, if as likely he wins, will have too much anticipation of being able to change things swiftly with no money to achieve much. Will "stability" be enough to slow the decline?

In an effort to remain on T rather than get into the politics of it, as I understand it, the current opposition are committing to the spending plans of the existing government at this point. If they do win easily as looks likely at this time, they will be under significant pressure to turn on the taps from their own side, once they have some theoretical control.

There are definitely measures that could be taken that could turn things around, but there is no appetite for them in mainstream politics, as they are very unpopular with those people I referenced with the loudest voices. Sentiment is in charge at the moment, and I personally do not see much happening to swing that around in the short to medium term. 

pecunianonolet

Oh dear, what did I start. 

The problems are far more complex and can't be fixed overnight and frankly won't be. 

Perhaps a starting point would be to reform the voting system and scrap the first past the post and replace it with a proportional representation. Reform, or better scrap the house of lords and replace with a chamber of elected representatives for a longer term but not for lifetime. 

A wider spectrum needs to be represented in parliament, more discussion and fighting for a good compromise

Try to fix the tax evasion problem, crime, etc. being able to phone HMRC and tell them that I made a donation and my pension contributions without providing any sort of proof is an open invitation for fraud. Setting up a Ltd but not having to proof any identity of any sort, etc. 

I guess a lot more funds could be collected just by enforcing current legislation a bit more without having to reinvent the wheel. 

The list could go on an on and whatever the political colour you favour, your individual experiences and circumstances will make you agree or deny things.

What we need is open and honest acceptance of problems, pragmatic thinking to come up with potential solutions and discipline. These things need to be explained to the people and not just applied top down leaving people to deal with it. We also need a lot less division, a lot less populism a lot less blame and an openness to also at least give all parties a chance to speak and provide their view and proposals. Not everything from the opposite is always wrong. Less ideology from everyone wouldn't do any harm either.

So, yes I do think trust is the starting point to move forward and that will also restore trust, predictability and stability by financial markets into public institutions and government in particular. You've got to start somewhere.

subjecttocontract

I don't understand what the problem is. Inflation down to 4.6 %, best interest rates we've had for a while, fabulous pension increases, financially never been so well off. The Gov' are about to hand us £600 quid wfa and I'm looking forward to Christmas. 

Still, if you think it's all doom & gloom carry on upsetting yourselves.

MeteredOut

subjecttocontract said:

I don't understand what the problem is. Inflation down to 4.6 %, best interest rates we've had for a while, fabulous pension increases, financially never been so well off. The Gov' are about to hand us £600 quid wfa and I'm looking forward to Christmas. 

Still, if you think it's all doom & gloom carry on upsetting yourselves.

“I’m alright jack”. I sure a significant percentage of the country do not share your positivity.

subjecttocontract

MeteredOut said:

subjecttocontract said:

I don't understand what the problem is. Inflation down to 4.6 %, best interest rates we've had for a while, fabulous pension increases, financially never been so well off. The Gov' are about to hand us £600 quid wfa and I'm looking forward to Christmas. 

Still, if you think it's all doom & gloom carry on upsetting yourselves.

“I’m alright jack”. I sure a significant percentage of the country do not share your positivity.

This is a money saving website so the current inflation rate, interest rates, pension increases, financial well being AND winter fuel allowance are all completely on the agenda. OK, it's a bit early to mention Christmas but I've got some Christmas regular savers due to mature soon and I'm sure you wouldn't begrudge me looking forward to the payout.

sevenhills

shortseller09 said:

Can someone explain how Sunak can possibly take credit for halving inflation?

Falling energy and food prices have absolutely nothing to do with the government, what am I missing?

Increasing taxes by freezing personal allowances has help to reduce excess demand, interest rates helped too, of course. 

Eirambler

subjecttocontract said:

I don't understand what the problem is. Inflation down to 4.6 %, best interest rates we've had for a while, fabulous pension increases, financially never been so well off. The Gov' are about to hand us £600 quid wfa and I'm looking forward to Christmas. 

Still, if you think it's all doom & gloom carry on upsetting yourselves.

This government has certainly looked after it's key voter base alright, the elderly. Unfortunately, for the vast majority of people under 50, it's a very different story. 

Once the Conservatives are voted out next year I can't see them getting back into power for a long, long time, if ever. Multiple generations of voters despise them and most of the one generation that doesn't will likely be deceased by the time there is sufficient apathy towards Labour to give anyone else a possibility of unseating them.

I think it might actually be the Lib Dems, or a completely new party, that eventually take over from Labour down the line.

DavidAC

subjecttocontract said:

I don't understand what the problem is. Inflation down to 4.6 %, best interest rates we've had for a while, fabulous pension increases, financially never been so well off. The Gov' are about to hand us £600 quid wfa and I'm looking forward to Christmas. 

Still, if you think it's all doom & gloom carry on upsetting yourselves.

Your savings and personal pension have kept up with inflation in the last couple of years then, can you share how you managed to achieve it. High inflation and savings rates don't work if you pay tax on in. What savings accounts beat inflation after tax?

State pension great for you, today's tax payers have to pay for it.

subjecttocontract

We seem to have a fundamental difference on how we both view the situation. I see only opportunity and chances to increase my wealth. If you want to only see problems and dwell on doom and gloom you're doing quite a good job without any help from me.