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Tiger131

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About Tiger131

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  1. The big question is how banks would implement a negative interest rate without causing total chaos. I read an article a while ago where law society was concerned about the banks charging solicitors who hold clients money if there was a -ve rate.
  2. Rishi should have started a thread on HPC to find out what would have happened following the SDLC cut, then ignored the replys of course.
  3. Sunak had no idea what it was going to do, it was a knee jerk reaction.
  4. In the case of the UK and other spendthrift nations the spending deficit will rise by more than inflation, the national debt will grow at least or exceeding inflation, trying to inflate the "old legacy" debt away won't work as it will be added to by ever increasing new debts.
  5. Higher rate tax payers are getting increasingly fed up with not being able to see anything for their efforts, what's the point in busting your balls if prices are increasing so much a high rate salary will still only be able to buy food and trinkets. The growth in higher rate taxpayers is in public sector anyway.
  6. How do taxpayer funded jobs "pay" for the retirees? It's just moving tax revenue around, all the money to pay for salaries, employer contributions, employee contributions comes from the taxpayer, there is no other source for it to come from.
  7. You can't beat a good exponential function graph, it always brings a smile to my face for some reason. Hope we've got the cash to "pay it back".
  8. Most will be claiming "asylum" obviously some will do a runner and try and live underground. You can bet if they only know a word of English it will be asylum.
  9. The BOE told the banks they need to update their systems for a negative rate. Quite how far along they have got with it is a different matter. What does a negative rate mean though, where the bank helps itself to money held in deposit?
  10. Funny you should mention that, I had a discussion about this very thing over on the DT comments, an article was using the "c" word in the same way which I called out, but was brow beaten for. It seems a peculiarity of the English language that the word "children" or "child" can have several different meanings, personally I find it a horrible use of the language. But nevertheless child can mean a son or daughter of any age, and the usage of the word is depressingly increasing. https://en.m.wikipedia.org/wiki/Child a boy or girl from the time of birth until he or she is an adult, or a son or daughter of any age: an
  11. How do you have any motivation to work seeing these figures, wouldn't it be better to throw in the towel and just get a job in the Civil Service etc? I see lots of articles about teachers having 1 million pension pots, the difference is now so large how can people justify to themselves working in the private sector?
  12. HPI is going to accelerate the decline in birth rate how many "professional" couples are going to have the replacement level 2.2 kids if all they can afford is a 2 up 2 down.
  13. Ditto for the cost of the NHS and providing local and national public sector pensions, (and public sector jobs) all combined could consume the majority of GDP if the future predicted demographics pan out of far fewer working age people. How are younger people going to be motivated to work when everyone seems to be retired but you are going out to work and your pay just buys your food and a few trinkets?
  14. That's a Ponzi then isn't it? I expect to get a pension in 30 years time based on my contribution now, the money can only come from those tax payers and employers in 30 years time when I retire as the state does not save my contribution now.
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