UK economy.

[itsybitsy]

Just for clarification - we're not telling anyone to stop posting. It *is* a forum, after all.

[grenfell]

Catching the news this morning it said that the cost of government borrowing has dropped as the "markets have reacted positively" purely on the announcement that the chancellor is going to make a statement. No statement or action but the markets can increase or wipe out millions at little more than a wim.
I can't help thinking that half our woes are caused by a very few unelected gamblers who control the "markets" . Do they actually add anything in the way of value ? Value being a company's actual worth rather than it's nominal monetary worth .

[jennyjj01]

Catching the news this morning it said that the cost of government borrowing has dropped as the "markets have reacted positively" purely on the announcement that the chancellor is going to make a statement. No statement or action but the markets can increase or wipe out millions at little more than a wim.
I can't help thinking that half our woes are caused by a very few unelected gamblers who control the "markets" . Do they actually add anything in the way of value ? Value being a company's actual worth rather than it's nominal monetary worth .

Those 'unelected gamblers', fund managers, traders of all sorts, oil the wheels of supply and demand and tighten the gap between what a companies shares cost to buy and price to sell. That in turn provides the liquidity for businesses to raise investment funds and for schemes to pay our pensions.
Distasteful as it is, they provide a service.

[Vitamin c]

They are the real power behind the throne and can make or break government's.

[jennyjj01]

They are the real power behind the throne and can make or break government's.

They can also be either ruthlessly clever or incredibly thick. Wolves and sheep in the same industry. Just because a fund manager or trader is bouncing billions about doesn't mean he's clever or will always be successful. It's a whole 'nother level.
Not much we can do about those guys or their activities.

[grenfell]

Not much we can do about those guys or their activities.

Short of a Golgafrincham approach...

[jennyjj01]

Not much we can do about those guys or their activities.

Short of a Golgafrincham approach...

I had to google that https://hitchhikers.fandom.com/wiki/Golgafrincham
Send them on the B ark as the advance party, to crash land into the planet

Were they the guys that used Leaves for currency?

[Kiwififer]

It does appear that nobody is in charge down there at the moment.

[grenfell]

Short of a Golgafrincham approach...

I had to google that https://hitchhikers.fandom.com/wiki/Golgafrincham
Send them on the B ark as the advance party, to crash land into the planet

Were they the guys that used Leaves for currency?

Yes that's them and then when the over availability of leaves made everyone unbelievably rich but also caused hyperinflation their response was to burn the forests down.

[jansman]

So it appears that original tax DECREASES will now be kept at current levels. After the original First Winter,the £66 a month help towards electricity bills will stop. From the end of it,a new system will be introduced for those who are financially poorer. Etc etc.

What Jeremy Hunt's statement means for you https://www.bbc.co.uk/news/business-63285246 He happens to be the fella dealing with it, and who he is means nowt to me.

All that will affect the UK Economy. Who it’s affected ( officially by) ,*I* will not comment on. In my experience,all life experiences simply happen. I just deal with it. This is no different.

Today I was talking to my gaffer. He’s a very wealthy man,and boy o boy ,was he whinging ! His three children ( all in their 30’s, and all company directors) are moaning about costs of cars,fuel,mortgage rates,heating. They are not poor - certainly not by the standards of Mrs J and me.

I put it to the gaffer that back in the day,mortgage rates ( when we bought this place) was 15.25% . Eventually in the mid 90’s we considered 8% to be ok.It’s still nowhere near that yet,but folks are whining.As my wife put it though: Even our kids won’t change life to accept less,like we did. If there’s no new car,phone,holiday etc.etc. they think life is tough! My wife said that when she saw todays news! Inflation was like that too. It’s been very cheap living for a very long time. Now it’s changing.

Now I was gonna post this ,but literally ,Tesco just brought our weekly order. Great. There were a good old number of substitutes,and I just shrugged my shoulders and said “that’s fine”. The delivery chap was really surprised. He told me thatvery,very rarely ,do folks react like me. He knows my trade,and I told him that we have similar reactions from shortages. I won’t go on,but I will say ,that our UK economy/supply is going to - indeed is - changing. We have to adapt and deal with it.