Should the UK remain a member of the EU

[AngryOfTuebrook]

On 05/08/2021 at 14:28, Colonel Kurtz said:

The point is the semi slave gig economy in the UK has been killed by Brexit  

I've heard some utter cockwash in the last five years, but this stands out as a bit... let's say "special".

[AngryOfTuebrook]

On 05/08/2021 at 17:46, mattyq said:

If you're earning £30k a year and don't get a pay rise like most public sector employees then a 4% inflation rate will mean you're losing £1200 per year or £100 a month.

Don't tell me inflation means fuck all

You're forgetting Gnash's magic maths, where 4=1.5.

[AngryOfTuebrook]

This is a couple of months old, but I've only just seen it now (because Gnash shared it on another thread - inevitably, Gnash being Gnash, he claimed it says stuff that it doesn't, but that's neither here nor there).

 

It's really interesting and bears watching.

https://www.newstatesman.com/politics/2021/06/yanis-varoufakis-video-interview-i-hope-uk-rejoins-eu-europe-must-change

 

[Gnasher]

6 hours ago, AngryOfTuebrook said:

You're forgetting Gnash's magic maths, where 4=1.5.

No a 1.5 rise results in a 4 per cent inflation rate (temporarily) as we already have a 2.5% rate of inflation.

 

No one is predicting a 4% rise bar for yourself.

 

Only right wing economic nut jobs and the odd columnist from the daily mail get into silly hizzy fits over a just above a penny to a pound inflation rise.

[Gnasher]

6 hours ago, AngryOfTuebrook said:

You're forgetting Gnash's magic maths, where 4=1.5.

I notice you haven't corrected him on how much a 1.5% inflation rise really alters the weekly wage value of 30k earnings before tax.... 

[Gnasher]

6 hours ago, cochyn said:

Gah, spent mine on some 'ye olde British' courgettes. Well, I will. As soon as they can find someone to pick them from the fields they're currently rotting in.

Do people honestly still think its a good idea to go back to flying in overseas labour to pick fruit and veg?  We're not going to fucking starve to death.

 

https://www.newscientist.com/article/2207886-it-turns-out-planes-are-even-worse-for-the-climate-than-we-thought/

 

https://news.sky.com/story/coronavirus-jobs-row-as-romanian-fruit-pickers-arrive-for-harvest-11974364

 

 

https://www.bbc.co.uk/news/business-52293061.amp

[AngryOfTuebrook]

3 hours ago, Gnasher said:

No a 1.5 rise results in a 4 per cent inflation rate (temporarily) as we already have a 2.5% rate of inflation.

 

No one is predicting a 4% rise bar for yourself.

 

Only right wing economic nut jobs and the odd columnist from the daily mail get into silly hizzy fits over a just above a penny to a pound inflation rise.

OK. Bear with me.

 

Let's say it's December 2020 and inflation is at 2.5%. You go to buy something and it costs £10.00.

Now fast-forward to December 2021 and inflation is at 4.0% (in line with forecasts, as you know). You go to the same shop to buy the same item and offer £10.15. Does the shopkeeper say 

a). That'll do nicely, Sir?

or 

b). Fuck off, it's £10.40?

 

Whichever one you think happens, extrapolate that across all your bills and everything you have to buy. Then tell me again why the millions of low-paid workers who are being offered pay "rises" below the forecast rate of inflation have got nothing to worry about.

 

 

 

 

[AngryOfTuebrook]

3 hours ago, Gnasher said:

I notice you haven't corrected him on how much a 1.5% inflation rise really alters the weekly wage value of 30k earnings before tax.... 

I'm not here to correct everybody's homework and I didn't even read his post. I will correct it when you keep trying your O'Brien mindfucks on me to try to get me to believe that 4=1.5.

[Gnasher]

14 minutes ago, AngryOfTuebrook said:

I'm not here to correct everybody's homework and I didn't even read his post. I will correct it when you keep trying your O'Brien mindfucks on me to try to get me to believe that 4=1.5.

But I'm not trying to get you to believe 4=1.5 though Angry am I? 

 

I'm pointing out the fact that the predicted rise is only 1.5% and not 4%. The 1.5 then takes us to 4%.... 

 

A 4% rise is the bullshit figure  that you've been peddling as an excuse for not giving low payed workers pay rises. Oh along with the age old nonsense 'the firms can't afford it'. 

 

[AngryOfTuebrook]

1 minute ago, Gnasher said:

excuse for not giving low payed workers pay rises. 

Literally the opposite of the truth.

It's shit like this that makes people give up and resort to personal abuse.

[Gnasher]

Just now, AngryOfTuebrook said:

Literally the opposite of the truth.

It's shit like this that makes people give up and resort to personal abuse.

On your last point, you should know.

[Gnasher]

On 03/08/2021 at 22:00, AngryOfTuebrook said:

You do know there's no correlation there at all, don't you? Nobody gives a fuck about rich people threatening to leave, because frankly we could do without them.

 

People rightly worry about inflation, because it hits poorer people hardest: well-off people can absorb a 4% increase in the cost of things and they also have a level of discretionary spending that they can cut back on; poorer people are already spending every penny they can get on essentials. How would you explain to them that a rise in the cost of those essentials is a good thing?

"Well off people can afford a 4% increase" Aot. 3/8/21 22.00

 

Their is NO 4% increase. Their is a possible 1.5% increase. The bank of England predict a 1.5 increase to take us to 4% inflation from our current 2.5% inflation. 

 

It would help if you weren't so snug and smarmy over your fantastic numerical skills whilst smirking at other posters with the back up of your mates. 

 

Anyway back to the main point, a 1.5% inflation rise equates to not a lot to worry about in an economy experiencing a period of sustained growth, its completely normal and healthy.

[AngryOfTuebrook]

50 minutes ago, Gnasher said:

On your last point, you should know.

The first point is the important one.

[AngryOfTuebrook]

1 hour ago, AngryOfTuebrook said:

OK. Bear with me.

 

Let's say it's December 2020 and inflation is at 2.5%. You go to buy something and it costs £10.00.

Now fast-forward to December 2021 and inflation is at 4.0% (in line with forecasts, as you know). You go to the same shop to buy the same item and offer £10.15. Does the shopkeeper say 

a). That'll do nicely, Sir?

or 

b). Fuck off, it's £10.40?

 

Whichever one you think happens, extrapolate that across all your bills and everything you have to buy. Then tell me again why the millions of low-paid workers who are being offered pay "rises" below the forecast rate of inflation have got nothing to worry about.

Please answer this in a way that convinces me that a 4% rate of inflation is only 1.5%.

[AngryOfTuebrook]

NIESR predicted a few months ago that CPI would reach 3.9%. Now the Bank of England are revising their figures upwards.

 

"UK inflation tests BoE as it jumps to highest since 2018 | Reuters" https://www.reuters.com/world/uk/uk-inflation-leaps-25-june-highest-since-aug-2018-2021-07-14/

 

 

[AngryOfTuebrook]

55 minutes ago, Gnasher said:

"Well off people can afford a 4% increase" Aot. 3/8/21 22.00

Do you understand this point? You were saying that inflation is nothing to worry about; I pointed out that that is only true for people who are well off. (You never did say how you would explain to poorer people that 4% inflation is nothing to worry about.)

Quote

Their is NO 4% increase. 

Inflation is a measure of price increases. 4% inflation means prices increase by 4%. Why are you pretending not to understand this?

[skend04]

13 minutes ago, AngryOfTuebrook said:

NIESR predicted a few months ago that CPI would reach 3.9%. Now the Bank of England are revising their figures upwards.

 

"UK inflation tests BoE as it jumps to highest since 2018 | Reuters" https://www.reuters.com/world/uk/uk-inflation-leaps-25-june-highest-since-aug-2018-2021-07-14/

 

 

Weak pay growth?

 

Have they not been reading Kurtz and Gnasher's posts on here??

[Gnasher]

17 minutes ago, AngryOfTuebrook said:

Do you understand this point? You were saying that inflation is nothing to worry about; I pointed out that that is only true for people who are well off. (You never did say how you would explain to poorer people that 4% inflation is nothing to worry about.)

Inflation is a measure of price increases. 4% inflation means prices increase by 4%. Why are you pretending not to understand this?

Inflation was increasing by a very stable 2.5% anyway, that will shortly, if forecasts are correct rise to approx 4%. Your pound may soon be devalued by less than 2 pence in the pound.

 

I'm struggling to understand why a 'socialist' would be fearful of a small rise in inflation.

 

https://www.nbcnews.com/politics/politics-news/democrats-pain-inflation-no-reason-stop-spending-n1274917

[AngryOfTuebrook]

1 hour ago, Gnasher said:

 

I'm struggling to understand why a 'socialist' would be fearful of a small rise in inflation.

 

Because poor people are, in real terms, getting poorer. 

[Gnasher]

9 minutes ago, AngryOfTuebrook said:

Because poor people are, in real terms, getting poorer. 

Because of a temporary 4% inflation rate? Really?

 

Voodoo economics...

 

https://thatchercrisisyears.com/2020/01/13/unemployment-inflation/

 

Capitalism requires low inflation to achieve stagnation...

 

https://www.weforum.org/agenda/2019/03/the-problem-with-capitalism-s-magic-number

 

Very odd side you're going out to bat for there Angry.

[AngryOfTuebrook]

7 minutes ago, Gnasher said:

Because of a temporary 4% inflation rate? Really?

 

Yes. Really. Believe it or not, there are millions of people who are poor and plenty more at risk of tipping into poverty. If you're barely scraping by on current prices, then a 4% increase can be the final straw.

[Gnasher]

10 minutes ago, AngryOfTuebrook said:

Yes. Really. Believe it or not, there are millions of people who are poor and plenty more at risk of tipping into poverty. If you're barely scraping by on current prices, then a 4% increase can be the final straw.

Er it's NOT a 4% increase, because it will reach 4% does not mean inflation will increase by 4%.  Inflation is predicted to increase by approximately 1.5%...to temporarily get to a destination of 4% or a penny and half to a hundred.

 

We have 5% interest now, we had approximately 2.5% yesterday and we had approximately 2.5 percent intrest last week, we also had approximately 2.5% increase last month.. 

 

I can assure you poor people have an awful lot more to worry about than a 4% inflation rate...

 

https://www.weforum.org/agenda/2019/03/the-problem-with-capitalism-s-magic-number

[Gnasher]

Keith Joseph and Margret Thatcher, would ( if alive) probably piss themselves laughing at Labour Party members worring over a poxy 4% inflation rate. 

 

https://thatchercrisisyears.com/2020/01/13/unemployment-inflation/

[No2]

13 minutes ago, Gnasher said:

Er it's NOT a 4% increase, because it will reach 4% does not mean inflation will increase by 4%.  Inflation is predicted to increase by approximately 1.5%...to temporarily get to a destination of 4% or a penny and half to a hundred.

 

We have 5% interest now, we had approximately 2.5% yesterday and we had approximately 2.5 percent intrest last week, we also had approximately 2.5% increase last month.. 

 

I can assure you poor people have an awful lot more to worry about than a 4% inflation rate...

 

https://www.weforum.org/agenda/2019/03/the-problem-with-capitalism-s-magic-number

Gnasher PM me where you're getting the 5% interest rates, I'll have some that.

[AngryOfTuebrook]

2 hours ago, AngryOfTuebrook said:

Inflation is a measure of price increases. 4% inflation means prices increase by 4%. Why are you pretending not to understand this?

Gnasher. Please try to understand this.