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Uk Household Incomes Fall For First Time Since 1981

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The Tories are another wing of the Labour party to me, as are Labour to the Tories. You couldn't get a wafer between them. It's one big gang running a protection racket, each with a different group of client spongers. Outfits like the Beeb are just there to make it seem like a democratic tussle, when, in reality, it is always 'no change'. The Beeb is just the Daily Mail in negative - hair splitters par excellence.

Fully agree - just amuses me when people blame Labour for "ruining everything" and "the Tories will have to sort everything out" when the evidence shows they were pretty much the same.

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Question for the Tory fan boys...how many balanced budgets did the Conservatives produce in their 17 years of power?

How many times in the past 200 years has the UK govt ran a balanced budget or produced a surplus?

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Statisticians blamed the annual fall, only the sixth seen since records began more than 60 ago, on the failure of wages to keep up with prices.

Genius - how did they manage to figure that out?

That aside, there's nothing wrong with this fall per se. We are finding out that, in a global economy, we are going to have to work harder if we want to maintain our standards of living. The problem at the moment is that some sections of society* think we are going to have to work harder to maintain their standards of living...

* a seemingly never-ending list: bankers, assorted asset-holders, welfare claimants, landlords, public-sector final salary pension holders, those nearing retirement and expecting to fund it via downsizing...

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How many times in the past 200 years has the UK govt ran a balanced budget or produced a surplus?

It spent virtually the whole of the 19th century running surpluses to pay back war debts, and price inflation was mildly deflationary as productivity rose and the money supply was fixed.

national-debt-history.png

Link

Edited by Dorkins

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The Tories are another wing of the Labour party to me, as are Labour to the Tories. You couldn't get a wafer between them. It's one big gang running a protection racket, each with a different group of client spongers. Outfits like the Beeb are just there to make it seem like a democratic tussle, when, in reality, it is always 'no change'. The Beeb is just the Daily Mail in negative - hair splitters par excellence.

+ infinity plus one times one million

The elephant in the room is that none of that even matters anyway, because most of the actual decisions are being made by Van Rompuy and his cohort in Brussels

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It spent virtually the whole of the 19th century running surpluses to pay back war debts, and price inflation was mildly deflationary as productivity rose and the money supply was fixed.

national-debt-history.png

Link

Was that more to do with the Empire as the UK dictating what prices we sold at? I seem to remember reading we bought Indian cloth cheap and then sold them our own inferior cloth at higher prices back or something along those lines.

We don't appear to have the ability to do that any more.

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It spent virtually the whole of the 19th century running surpluses to pay back war debts, and price inflation was mildly deflationary as productivity rose and the money supply was fixed.

Clearly we need the Liberals back in power on their own...

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We've been told for some time that pay rises have been low and that inflation above target.

I'm amazed that real incomes havent fallen before now.

How long before the opposition benches spins the line... if public sector jobs werent being hit then wages rises would be higher than inflation?

Edited by Caveat Mortgagor

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The Tories are another wing of the Labour party to me, as are Labour to the Tories. You couldn't get a wafer between them. It's one big gang running a protection racket, each with a different group of client spongers. Outfits like the Beeb are just there to make it seem like a democratic tussle, when, in reality, it is always 'no change'. The Beeb is just the Daily Mail in negative - hair splitters par excellence.

Exactly.

We have the "political spectacle", which the majority are convinced is actually a real democratic system - zombies!

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Was that more to do with the Empire as the UK dictating what prices we sold at? I seem to remember reading we bought Indian cloth cheap and then sold them our own inferior cloth at higher prices back or something along those lines.

We don't appear to have the ability to do that any more.

The UK was on a yellow metal standard rather than fiat, Gilts were mainly held by a politically powerful elite rather than stuffed into the pensions of unsuspecting sheeple, and economic growth was driven by real increases in productivity rather than financial innovation. Of course 19th century Britain had plenty of terrible problems, but government solvency was not one of them.

Edited by Dorkins

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  • 312 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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