| UK inflation increasing is partly Oasis’ fault 07:02 - Aug 20 with 1579 views | PatfromPoole |
Apparently.
🤷🏼‍♀️ |  |
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| UK inflation increasing is partly Oasis’ fault on 07:18 - Aug 20 with 1238 views | City_boy |
I thought it was, "Cigarettes and Alcohol ?"
Whatever ! [Post edited 20 Aug 7:21]
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| UK inflation increasing is partly Oasis’ fault on 07:31 - Aug 20 with 1198 views | PatfromPoole |
If Reeves doesn’t get a handle on this, our inflation rate will start to rival the likes of Columbia. | |
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| UK inflation increasing is partly Oasis’ fault on 07:36 - Aug 20 with 1188 views | SalisburySaint |
| UK inflation increasing is partly Oasis’ fault on 07:31 - Aug 20 by PatfromPoole |
If Reeves doesn’t get a handle on this, our inflation rate will start to rival the likes of Columbia. |
They said on news a major factor was airfares and petrol price rises
Pray tell me how any government can control rises n those sectors |  | | |
| UK inflation increasing is partly Oasis’ fault on 07:38 - Aug 20 with 1187 views | City_boy |
| UK inflation increasing is partly Oasis’ fault on 07:31 - Aug 20 by PatfromPoole |
If Reeves doesn’t get a handle on this, our inflation rate will start to rival the likes of Columbia. |
I am sure she has a .'Master plan" ? | | | |
| UK inflation increasing is partly Oasis’ fault on 07:44 - Aug 20 with 1178 views | PatfromPoole |
| UK inflation increasing is partly Oasis’ fault on 07:36 - Aug 20 by SalisburySaint |
They said on news a major factor was airfares and petrol price rises
Pray tell me how any government can control rises n those sectors |
A healthy proportion of airfares and fuel prices is government-imposed tax and duty, I believe (?).
They are round are way, anyway. | |
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| UK inflation increasing is partly Oasis’ fault on 07:57 - Aug 20 with 1148 views | PatfromPoole |
I said at the time of Reeves’ Budget last October that it was inflationary.
The impact of the Employers’ NI increases on sectors with a lot of transitory labour, particularly leisure and hospitality (in which I work) has been immense.
Little by little, it has led to increased prices to cover the cost. Plus cutbacks in recruitment.
The worst of both worlds. | |
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| UK inflation increasing is partly Oasis’ fault on 08:53 - Aug 20 with 1086 views | Joiedevivre |
| UK inflation increasing is partly Oasis’ fault on 07:57 - Aug 20 by PatfromPoole |
I said at the time of Reeves’ Budget last October that it was inflationary.
The impact of the Employers’ NI increases on sectors with a lot of transitory labour, particularly leisure and hospitality (in which I work) has been immense.
Little by little, it has led to increased prices to cover the cost. Plus cutbacks in recruitment.
The worst of both worlds. |
They’re also borrowing around 20 billion every month to plug their own 40/50 billion oversight in costs… |  | | |
| UK inflation increasing is partly Oasis’ fault on 09:10 - Aug 20 with 1054 views | City_boy |
On a serious note, as my Oasis Song titles fell flat.
Household utility/energy bills and transport costs will have had a big impact.
The increase in the minimum wage and NI will also have had an impact as increased costs will inevitably be passed on to consumers, especially food.
I did see an article recently that students , who typically rely on part time work are not finding part time jobs easily, which also suggests growth is slowing and employers are cutting back. [Post edited 20 Aug 9:11]
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| UK inflation increasing is partly Oasis’ fault on 09:37 - Aug 20 with 1019 views | PatfromPoole |
| UK inflation increasing is partly Oasis’ fault on 09:10 - Aug 20 by City_boy |
On a serious note, as my Oasis Song titles fell flat.
Household utility/energy bills and transport costs will have had a big impact.
The increase in the minimum wage and NI will also have had an impact as increased costs will inevitably be passed on to consumers, especially food.
I did see an article recently that students , who typically rely on part time work are not finding part time jobs easily, which also suggests growth is slowing and employers are cutting back. [Post edited 20 Aug 9:11]
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Leisure and hospitality are really struggling.
Some might say they are in crisis. | |
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| UK inflation increasing is partly Oasis’ fault on 09:45 - Aug 20 with 994 views | 1885_SFC |
No wonder she sat in the House of Commons balling her eyes out. It finally clicked what a sh1t job she's doing! |  |
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| UK inflation increasing is partly Oasis’ fault on 11:38 - Aug 20 with 925 views | Chesham_Saint |
Anyone got an Irish passport? Just asking for a friend... |  |
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| UK inflation increasing is partly Oasis’ fault on 12:22 - Aug 20 with 882 views | TripleNiemi |
| UK inflation increasing is partly Oasis’ fault on 11:38 - Aug 20 by Chesham_Saint |
Anyone got an Irish passport? Just asking for a friend... |
Somewhere tucked away…… |  |
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| UK inflation increasing is partly Oasis’ fault on 12:42 - Aug 20 with 854 views | City_boy |
| UK inflation increasing is partly Oasis’ fault on 09:45 - Aug 20 by 1885_SFC |
No wonder she sat in the House of Commons balling her eyes out. It finally clicked what a sh1t job she's doing! |
She has also thrown the idea out there about introducing CGT on primary properties (the figure quoted is ÂŁ1.5m ?), to fill the budget deficit. She is probably testing the water to see how much uproar there will be. | | | |
| UK inflation increasing is partly Oasis’ fault on 12:47 - Aug 20 with 848 views | Chesham_Saint |
| UK inflation increasing is partly Oasis’ fault on 12:42 - Aug 20 by City_boy |
She has also thrown the idea out there about introducing CGT on primary properties (the figure quoted is ÂŁ1.5m ?), to fill the budget deficit. She is probably testing the water to see how much uproar there will be. |
So, no entrepreneur's relief to speak of, high Income Tax, higher CGT, higher IHT and now taxing gains on primary residences?
Where is the incentive to build a business? Why would anyone bother?
Again, I'd appreciate some reasoned responses from those on here supporting this please. | |
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| UK inflation increasing is partly Oasis’ fault on 13:06 - Aug 20 with 823 views | franniesTache |
I'm sure you know this already Pat but it's sort of true that Oasis can be to blame for inflation increases (same as Taylor Swift was before).
It's because one of the measures is to call a certain hotel on a certain day to find out the cost of booking a room, but that doesn't take into account events that may contribute to the cost.
It's similar to how online discounts aren't taken into account |  | | |
| UK inflation increasing is partly Oasis’ fault on 13:13 - Aug 20 with 808 views | solent_toffee |
| UK inflation increasing is partly Oasis’ fault on 09:10 - Aug 20 by City_boy |
On a serious note, as my Oasis Song titles fell flat.
Household utility/energy bills and transport costs will have had a big impact.
The increase in the minimum wage and NI will also have had an impact as increased costs will inevitably be passed on to consumers, especially food.
I did see an article recently that students , who typically rely on part time work are not finding part time jobs easily, which also suggests growth is slowing and employers are cutting back. [Post edited 20 Aug 9:11]
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I was on a government training course last week regarding the changes to procurement for government contracts. They said ÂŁ385 billion worth of contracts are tendered each year in the UK. How many of them are non British companies and how much gets creamed off and never gets pumped into the UK company.
I honestly don’t know, but do know they the sector that I work in, most of those that win contracts are based abroad, including the company I work for. | | | |
| UK inflation increasing is partly Oasis’ fault on 13:31 - Aug 20 with 770 views | kernow |
| UK inflation increasing is partly Oasis’ fault on 11:38 - Aug 20 by Chesham_Saint |
Anyone got an Irish passport? Just asking for a friend... |
Yes thanks. | | | |
| UK inflation increasing is partly Oasis’ fault on 14:13 - Aug 20 with 728 views | Southamptonfan |
The more money people have / spend, the higher inflation goes. The problem is, the government also want growth which means they want people to spend their money (hence the drop in interest rates). They want people to spend instead of save, but if people spend too much (go on holiday with their savings instead of leaving it in their savings account), inflation rises. | |
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| UK inflation increasing is partly Oasis’ fault on 15:04 - Aug 20 with 671 views | Bridders2 |
Tax and spend, nothing changes. That budget has brought prospective growth down from 2%+ to 1%, halving GDP and increasing inflation. At least the Tories had Covid and Russia's oil Spike inflation to scupper their growth.
The only way we'll get out of this mess is to grow the economy...they're doing the opposite. | | | |
| UK inflation increasing is partly Oasis’ fault on 15:09 - Aug 20 with 661 views | City_boy |
| UK inflation increasing is partly Oasis’ fault on 13:13 - Aug 20 by solent_toffee |
I was on a government training course last week regarding the changes to procurement for government contracts. They said ÂŁ385 billion worth of contracts are tendered each year in the UK. How many of them are non British companies and how much gets creamed off and never gets pumped into the UK company.
I honestly don’t know, but do know they the sector that I work in, most of those that win contracts are based abroad, including the company I work for. |
Satyam, Infosys and Tata Consulting are absolutely coining it from Government (and private) contracts, and made all so much easier now they don't have to pay NI, which puts UK companies at a distinct disadvantage.
Having worked in the City for many years, I can confirm, the quality and output is also poor, but that doesn't seem to matter, they are cheap ! | | | |
| UK inflation increasing is partly Oasis’ fault on 15:31 - Aug 20 with 641 views | PatfromPoole |
It's a bit of a double-edged sword, inflation.
To some extent, the Government wants some inflation as:-
1. if you didn't have inflation, people wouldn't spend money, as they would wait for prices to drop
2. it helps to erode the value of the (horrifically enormous) national debt
The problem is that it is increasing by more than it should, and companies aren't investing as they are already worried about the next Budget in October, which looks likely to hammer employers again (look out for the employer NI savings on salary sacrifice schemes being taken away).
It all becomes a bit of a self-fulfilling prophecy unfortunately.
And the cause is wholly and simply last October's Budget by Reeves. It has taken away any credibility she had in Opposition, and she is a dead woman walking politically. | |
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| UK inflation increasing is partly Oasis’ fault on 16:01 - Aug 20 with 601 views | Ifonly |
A few things here:
- To those complaining about work being outsourced overseas, if it wasn't that would mean the govt having to pay more for these services, so taxes and/or borrowing would be higher and several problems would follow from that.
- Asking the UK workforce to deliver these services would also mean higher inflation. More demand for UK workers would mean higher wages when wage increases are already well above the level that is needed to keep inflation down. The fact that the skills required don't exist in the UK workforce in sufficient numbers just compounds the problem because the govt would be competing for scarce resources.
- I have no love for this govt and Reeves' budget was a big mistake, but the underlying problems aren't all her fault. The biggest problem is that we've allowed a benefits culture to develop where people regard being "on the sick" as a life choice. The numbers claiming benefits are unsustainable. Meanwhile we restrict skilled labour coming from the EU, so there is no one to do the work, neither native born nor skilled migrants. The result: inflation that is a much bigger problem here than in comparable countries. | | | |
| UK inflation increasing is partly Oasis’ fault on 16:56 - Aug 20 with 529 views | Chesham_Saint |
| UK inflation increasing is partly Oasis’ fault on 16:01 - Aug 20 by Ifonly |
A few things here:
- To those complaining about work being outsourced overseas, if it wasn't that would mean the govt having to pay more for these services, so taxes and/or borrowing would be higher and several problems would follow from that.
- Asking the UK workforce to deliver these services would also mean higher inflation. More demand for UK workers would mean higher wages when wage increases are already well above the level that is needed to keep inflation down. The fact that the skills required don't exist in the UK workforce in sufficient numbers just compounds the problem because the govt would be competing for scarce resources.
- I have no love for this govt and Reeves' budget was a big mistake, but the underlying problems aren't all her fault. The biggest problem is that we've allowed a benefits culture to develop where people regard being "on the sick" as a life choice. The numbers claiming benefits are unsustainable. Meanwhile we restrict skilled labour coming from the EU, so there is no one to do the work, neither native born nor skilled migrants. The result: inflation that is a much bigger problem here than in comparable countries. |
As to your third paragraph - the Gov tried to scale back benefits recently and we all know what happened there.
Which is why (along with NIC and other projected tax rises) one of the businesses I'm involved with is now relocating overseas... | |
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| UK inflation increasing is partly Oasis’ fault on 17:22 - Aug 20 with 496 views | 1885_SFC |
| UK inflation increasing is partly Oasis’ fault on 12:47 - Aug 20 by Chesham_Saint |
So, no entrepreneur's relief to speak of, high Income Tax, higher CGT, higher IHT and now taxing gains on primary residences?
Where is the incentive to build a business? Why would anyone bother?
Again, I'd appreciate some reasoned responses from those on here supporting this please. |
As my dear old dad would say ; this is what happens when you elect a Labour government.
In my opinion however ; this is what happens when you elect a Labour government. | |
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| UK inflation increasing is partly Oasis’ fault on 17:44 - Aug 20 with 464 views | City_boy |
| UK inflation increasing is partly Oasis’ fault on 16:01 - Aug 20 by Ifonly |
A few things here:
- To those complaining about work being outsourced overseas, if it wasn't that would mean the govt having to pay more for these services, so taxes and/or borrowing would be higher and several problems would follow from that.
- Asking the UK workforce to deliver these services would also mean higher inflation. More demand for UK workers would mean higher wages when wage increases are already well above the level that is needed to keep inflation down. The fact that the skills required don't exist in the UK workforce in sufficient numbers just compounds the problem because the govt would be competing for scarce resources.
- I have no love for this govt and Reeves' budget was a big mistake, but the underlying problems aren't all her fault. The biggest problem is that we've allowed a benefits culture to develop where people regard being "on the sick" as a life choice. The numbers claiming benefits are unsustainable. Meanwhile we restrict skilled labour coming from the EU, so there is no one to do the work, neither native born nor skilled migrants. The result: inflation that is a much bigger problem here than in comparable countries. |
Reference the comments about outsourcing. I have many years working in the City and managing major IT and Business transformation programmes (M&A), with a number of the leading overseas Outsourcing companies.
Yes, they are cheaper, but this mostly comes at a price further down the line. The quality is often questionable, with significant delays , financial over spend and failure to deliver the agreed benefits.
Some high profile cases include; DWP, Cyber attack on M&S, British Airways failures and data breach, Disclosure and Barring service (ÂŁ220m over spend and 4 years late). Carillion, Emergency Alert system, Income Tax project and who will ever forget the Post Office/Horizon scandal with Fujitsu.
Many companies may only outsource their system Penetration Testing, but poor standards and quality have caused problems when systems go live.
Cheap is not always best ! [Post edited 20 Aug 17:46]
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