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[jm89]

Welcome to inflation from 2 years of the world printing money and telling people they can't work.

Well government planning to spend £100 billion+ from the magic money tree to keep our asses from going broke just paying for energy.

 

[Banjo64]

How are UK services like Utilities and insurance doing?

Utilities absolutely fine (gas and electric aside). Water, car insurance, phone contracts, home insurance, life insurance etc all very competitive.

weekly food shop has shot up.

 

[AJUMP23]

Well government planning to spend £100 billion+ from the magic money tree to keep our asses from going broke just paying for energy.

It will be cool when the pound is finally worth less than the dollar so I can travel to the UK and spend less. And now your poor money has to have Charles on it. You should just skip him and go straight to little George on the money.

 

[Rudius]

Subscribers have been dropping steadily for over a year already.

What happened to that guy?

 

[nightmare-slain]

What happened to that guy?

how dare you!

 

[Thief1987]

What happened to that guy?

He became gal

 

[IDKFA]

Now I understand why the political forum was nuked.

 

[DenchDeckard]

How is the dollar performing so well, or do we expect that to drop soon as well?

 

[The_Mike]

What?

The only way you could have got that "information" (and hence the confusion) is if you aren't getting your news from reliable and credible sources.

How come the inflation is so bad in the US when the dollar is so strong then?

 

[nightmare-slain]

How is the dollar performing so well, or do we expect that to drop soon as well?

USD is basically the world's currency. All other currencies fall against it. Euro dropped and GBP dropped.

How can it drop? What do you compare it against?

 

[nightmare-slain]

GBP looks like it recovered?

 

[CuteFaceJay]

All I got was a lousy 50p ph wage increase.

What's the reason for the £ dropping so much in value?

This will be why, Looks like they are trying to shake things up and now the market is reacting.

 

[nightmare-slain]

This will be why, Looks like they are trying to shake things up and now the market is reacting.

isn't that the dude that worked for a hedgefund company?

shouldn't be allowed anywhere near this government.

 

[Artoris]

Subscribers have been dropping steadily for over a year already.

Elton John has really let himself go

 

[Magic Carpet]

well my gas/electricity is now capped to £2,500/year apparently (instead of the predicted £3,500 and then upwards of £5-7,000 by spring). the prices are still going up 1st october but it's meant to be frozen for 2 years now so yey? edit: and oh the goverment gave everyone £400 off their bills this year. next year we'll not get that so effectively it's still a price rise next year

rent is frozen too.

internet is going up. i currently pay £40/month but i've been told it'll go up to £53/month and that's not including the annual price hike due to inflation so by spring 2023 it'll likely be about £60/month.

my car insurance was £30/month and my old provider was wanting to renew the same fucking insurance policy for £50/month. i don't know where they pulled an extra £20/month from. immediately cancelled it and got a new quote which works out at £31/month.

I'm in the States and the nice thing about the strong dollar is foreign stuff is staying cheap (games), But everything inside the states has gone up more than our pay.
Car insurance has risen 50 percent more in our area, From 100 a month to 150 a month. I pay for car insurance 6 months in advance so I had to pull an extra 300 bucks out of my butt to keep driving (legally).
I'm in the heart of cow country and yet the price of a steak just makes me reach for hamburger instead. Where are all those cows going?

 

[veterangamerUK]

the pound will bounce back. they are reacting to the mini budget and it will get stronger

Bless, oh to be so naive in life

 

[AJUMP23]

How come the inflation is so bad in the US when the dollar is so strong then?

The Dollar may be growing in strength against other world currencies, but the purchasing power and its value is actually reduced in the US. That is why US houses are seeing an increase in cost across the board, from the grocery store to the car lot.

 

[Banjo64]

ay £40/month but i've been told it'll go up to £53/month and that's not including the annual price hike due to inflation so by spring 2023 it'll likely be about £60/month.

How is it going up by £13 a month if you are in contract? New contracts with every major provider are still £20-30 per month for good fibre deals.

 

[nightmare-slain]

How is it going up by £13 a month if you are in contract? New contracts with every major provider are still £20-30 per month for good fibre deals.

don't know. my bill says April 2023 the new price will be £53/month.

i've tried lookng at other providers but it would mean a significant speed reduction.

 

[Banjo64]

don't know. my bill says April 2023 the new price will be £53/month.

i've tried lookng at other providers but it would mean a significant speed reduction.

Who are you with? Virgin?

If so, do you live with a partner? If so you have an easy option, sign up to a new customer deal on your partners name. If not, ring up their customer retentions team and say you are leaving and they will give you a good price if you agree to a new contract. I’m usually quite blunt and just say ‘I don’t want to pay more than £25 a month for 100mbps/£30 a month for 200mbps’ and they have compiled the past 2 times.

 

[CuteFaceJay]

isn't that the dude that worked for a hedgefund company?

shouldn't be allowed anywhere near this government.

Most of the folks in UK gov are. And yeah he's been working at JPMorgan & West LB.

 

[nightmare-slain]

Who are you with? Virgin?

If so, do you live with a partner? If so you have an easy option, sign up to a new customer deal on your partners name. If not, ring up their customer retentions team and say you are leaving and they will give you a good price if you agree to a new contract. I’m usually quite blunt and just say ‘I don’t want to pay more than £25 a month for 100mbps/£30 a month for 200mbps’ and they have compiled the past 2 times.

yeah and i have tried contacting them with the "I'm leaving" tactic but they never buy it and go straight to shutting down my account. at that point i need to backtrack and say no i'll hold off for now.

 

[SaucyJack]

It is reported as an objective fact that the pound is crashing and uk govt cost of borrowing money is going through the roof as a market reaction to the UK budget. Don't like that, then you have a problem with reality not politics.

Weeeeelllll, not really as simple as that.

The pound did experience a "flash crash" on thin trading but has bounced back today. But notwithstanding that we're seeing something of a global currency crisis at the moment with almost everything crashing versus the dollar, the Euro hit a 20-year low.

There's a lot of gloom on the world markets, literally everywhere, for a variety of reasons. And just because the dollar is doing well doesn't mean that people are bullish about the US which is in recession.

The next couple of years are going to be really ugly in the global economy. There's every chance that Germany, and therefore mainland Europe, economy collapses this winter; China's economy is in dire straits with their demographic time bomb exploding, their competitiveness being eroded and a cult of personality around their leader; there's very little good news anywhere

 

[Banjo64]

yeah and i have tried contacting them with the "I'm leaving" tactic but they never buy it and go straight to shutting down my account. at that point i need to backtrack and say no i'll hold off for now.

With Virgin Media you have to actually give notice to get their best deals (although inbound sorted me out last time). They then ring you with their outbound call team who have much more leeway. Wait until you’ve got 30 days left in your contract and try to ring them again, at that point they will have deals available to offer you.

 

[nightmare-slain]

With Virgin Media you have to actually give notice to get their best deals (although inbound sorted me out last time). They then ring you with their outbound call team who have much more leeway. Wait until you’ve got 30 days left in your contract and try to ring them again, at that point they will have deals available to offer you.

i don't know when my contract is meant to end lol. i've been with them since before Virgin Media became a thing here in the UK. when i joined "them" they were still called NTL lol.

i suppose i'll wait until march/april and give them a call again.

 

[Wildebeest]

Weeeeelllll, not really as simple as that.

The pound did experience a "flash crash" on thin trading but has bounced back today. But notwithstanding that we're seeing something of a global currency crisis at the moment with almost everything crashing versus the dollar, the Euro hit a 20-year low.

There's a lot of gloom on the world markets, literally everywhere, for a variety of reasons. And just because the dollar is doing well doesn't mean that people are bullish about the US which is in recession.

The next couple of years are going to be really ugly in the global economy. There's every chance that Germany, and therefore mainland Europe, economy collapses this winter; China's economy is in dire straits with their demographic time bomb exploding, their competitiveness being eroded and a cult of personality around their leader; there's very little good news anywhere

It was 1.22 before it became clear where the leadership was going, and is 1.08 now. I seem to remember figures like 1.5 before "the unnamable event". Is that what you call a bounce back? Could just as easily call it as a dead cat bounce.

Yes there is "gloom" but the price of govt borrowing going up at times of energy crisis, war, and the like, is more than "gloom". It is a potential crisis.

 

[DeepEnigma]

What happened to that guy?

Mental illness, mental illness happened.

 

[Team Andromeda]

GBP looks like it recovered?

At the expense of the Euro , it seems. The Euro doesn't even buy you a dollar anymore

 

[Banjo64]

At the expense of the Euro , it seems. The Euro doesn't even buy you a dollar anymore

They should have never left the UK.

 

[Team Andromeda]

It was 1.22 before it became clear where the leadership was going, and is 1.08 now. I seem to remember figures like 1.5 before "the unnamable event". Is that what you call a bounce back? Could just as easily call it as a dead cat bounce.

Yes there is "gloom" but the price of govt borrowing going up at times of energy crisis, war, and the like, is more than "gloom". It is a potential crisis.

It could be worse, it could be the Euro. What happened to the days when people used to highlight Zimbabwe as a reason not to print money because it cases inflation?
The UK just been printing money for fun and now it's come back to bite us on the bum. The so called experts made out that inflation was only transitory and printing money was manageable and the less said about Net Zero the better

 

[Team Andromeda]

They should have never left the UK.

And the Germans should have listed to Trump.

 

[Wildebeest]

It could be worse, it could be the Euro. What happened to the days when people used to highlight Zimbabwe as a reason not to print money because it cases inflation?
The UK just been printing money for fun and now it's come back to bite us on the bum. The so called experts made out that inflation was only transitory and printing money was manageable and the less said about Net Zero the bette

£ was 1.19 euro now it is 1.12, so it could indeed be worse than euro. Yield for uk 10 year gilts gone from 2.6 to 4.11, double the cost for government. Eurozone 1.4 to 2.1, so UK indeed worse again.

 

[Shadowstar39]

Pretty confusing layout.

Are all sales taxes in the US 20%?



The new measures announced by the chancellor.

Wha... 20%.. thats crazy town.

In Pennsylvania its 6% (take your item x .06)
One state over in Deleware it is zero sales tax.
California has the highest at 7.25%
No US State has 20% sales tax.

Sales tax is a tax to everyone, but it especially hurts the poor and working class.

 

[Polygonal_Sprite]

At least PS5 might beat Switch in hardware revenue if not units

 

[Soodanim]

Wha... 20%.. thats crazy town.

In Pennsylvania its 6% (take your item x .06)
One state over in Deleware it is zero sales tax.
California has the highest at 7.25%
No US State has 20% sales tax.

Sales tax is a tax to everyone, but it especially hurts the poor and working class.

We used to be at 17.5% here in the UK, then there was a temporary drop to 15% before the jump to 20%. Your highest is about half our lowest!

 

[Tams]

Wha... 20%.. thats crazy town.

In Pennsylvania its 6% (take your item x .06)
One state over in Deleware it is zero sales tax.
California has the highest at 7.25%
No US State has 20% sales tax.

Sales tax is a tax to everyone, but it especially hurts the poor and working class.

In Europe, it's very common to have the tax included in the displayed price (I believe it's the law in some places). Only a few wholesalers also provide pre-sales tax (VAT) prices, as they do B2B sales.

In the UK, essentials are either zero tax or have a very low percentage tax (currently 5%). In recent years that's been made fairer too, with things like female sanitary products being moved into VAT free categories. Books also have no VAT.

Honestly, it's only really luxuries that are heavily taxed.

 

[Walter Matthau]

They should have never left the UK.

 

[Team Andromeda]

£ was 1.19 euro now it is 1.12, so it could indeed be worse than euro. Yield for uk 10 year gilts gone from 2.6 to 4.11, double the cost for government. Eurozone 1.4 to 2.1, so UK indeed worse again.

The euro gets you 0.95 and Italy 10 years yield is higher than the UK's and so is Greece .
Good be better could be worse.

 

[Panajev2001a]

They should have never left the UK.

No surprise that weakening the UK by leaving the EU weakened also both sides… Vladimir P says “thanks” .

 

[Banjo64]

No surprise that weakening the UK by leaving the EU weakened also both sides… Vladimir P says “thanks” .

Looking at the Russian operation in Ukraine they’d need an additional 300 years of internet astroturfing campaigns before they are a threat to the UK and France.

 

[Tams]

No surprise that weakening the UK by leaving the EU weakened also both sides… Vladimir P says “thanks” .

Vlady P has bigger issues on his hands. He's got a massive fucking target on him now, and it's from within his own country.

 

[Pelta88]

Remember when GBP:USD was 2:1?

I remember a trip to NY and the pound was beasting on the USD. Such atrocious management since that time. With a lot more on the horizon...

 

[dotnotbot]

*Cries in PLN*
From 4 to 5 PLN in a year

 

[Banjo64]

*Cries in PLN*
From 4 to 5 PLN in a year

That chart is going up. In my experience that means good things are happening.

 

[HiFiVideogameMusic]

No surprise that weakening the UK by leaving the EU weakened also both sides… Vladimir P says “thanks” .

Good. The EU was always a bad idea.

 

[phil_t98]

Brits getting hampered by not investing in Green Energy and being reliant on Russia. Also, Brexit. Nothing more to say that US $ is also the world's reserve currency. The days of the Sterling are over.

The UK doesn’t import that much gas or oil from Russia so check your facts

 

[HiFiVideogameMusic]

Brits getting hampered by not investing in Green Energy and being reliant on Russia. Also, Brexit. Nothing more to say that US $ is also the world's reserve currency. The days of the Sterling are over.

Green energy is a joke.

 

[StreetsofBeige]

This will be why, Looks like they are trying to shake things up and now the market is reacting.

How do tax cuts help reduce inflation when al that means is more money in people's pockets to spend and buy more shit?

As for the video saying tax cuts skew to rich people, thts better than giving it to poorer people (inflation wise). Rich people will probably just leave it in their bank accounts or stocks not giving a shit. Commoners getting tons of tax cuts will buy more.

If inflation needs to be dropped like a rock, you got to reduce people's intentions of buying stuff, which makes all the stores and suppliers panic and reduce prices.

 

[Panajev2001a]

Good. The EU was always a bad idea.

, I love people criticising the EU and staunchly defending the union.

No, it was and is an overall good idea and that helped all involved to prosper. Compare the U.K. before and after. Sometimes the idea that in groups it is a game of give and take seems so foreign .

 

[Panajev2001a]

Looking at the Russian operation in Ukraine they’d need an additional 300 years of internet astroturfing campaigns before they are a threat to the UK and France.

The two things are not mutually exclusive, you can weaken your enemies and make mistakes too.