Comments by "jjeffery worboys" (@jjefferyworboys8138) on "Worst economic prediction for a generation - as UK heads for recession" video.

  1.  @muffinthepug2358  I agree, we need more realistic rates. Traditionally base rate would be in excess of the rate of inflation.
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  2.  @aHumanCookiee  Hopefully you have a fixed rate mortgage ?
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  3. True, but why would he ? As far as top bankers are concerned his pay is very modest. The manager of Manchester City football club earns 40 times as much and for what ?
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  4.  @tempo5366  Absolutely correct, it needs to a gradual, small increases.
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  5.  @catmonarchist8920  Economists rarely all agree, rather like experts in general, each one will have a slightly different take on things.
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  6.  @Land-of-reason  It has been a no brainer decision for years, hope they took your advice.
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  7. Rishi did something much better than a windfall tax which by definition is a one time only tax. He introduced a levy which allows further bites of the cherry up to 2025. Households will receive it later this year.
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  8. A self fulfilling prophecy. Its something we seem to do so well !
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  9. The smart thing to do has always been to take personal responsibility, do your own due diligence and make the right decisions for you. Everyone has a different agenda.
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  10. True, but you don't buy your domestic energy from an energy company, you buy it from an energy supplier.
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  11.  @fuckbankers  I expect your Pension Provider will have a significant investment on your behalf in BP shares, so it's not all bad.
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  12.  @thinker8128  Didn't the electorate vote to leave the EU. No one put a gun to my head. If people didn't do their own due diligence then whose fault is that ?
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  13. The housing market didn't suffer a total collapse, it fell @ 17% between 1979 -82. Housing is no different from any other commodity its price is dictated by the law of supply and demand. Time will tell what happens as the cost of living bites !
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  14. Whilst a £2k pay rise may seem a lot to you, it was a very modest 2.7% increase, so a massive pay reduction in real terms. If shareholders who are the owners of the company don't get acceptable dividends they will just sell there holding a buy another. Some of the largest shareholders in the UK are Pension Fund providers, so by default you are benefiting too.
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  15. They have known for a very long time, all the indicators have been clear to see and because they are paid so much more they are much better prepared than you and I are.
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  16. There is a difference between an energy company and the an energy provider. Several smaller providers went bust earlier this year when they had to pay more than the energy cap allowed them to sell it for.
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  17. Its a catch 22 situation.
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  18. The MPC not the Bank of England increased interest rates. How would you tackle inflation ?
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  19. Can we afford to buy them back ? Remember your Pension Provider is probably a major shareholder !
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  20. Perversely no. Those who focus solely on the price of housing tend to overlook that the cost of borrowing is more important. What really matters is how much does my mortgage cost each month. If you can now buy a house for less but have to pay more each month on a smaller mortgage, it doesn't make sense !
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  21. The top 1 % of earners pay 25% of all income tax, the top 50% pay 90% of all income tax. Basic rate tax above £12'570 is 20%, higher rate tax above £50,270 is 40%, over £150,000 is 45%. The better off pay substantially more tax on their income. If you buy a house for £2m, which isn't anything special in the South, the stamp duty is £154,000. The very rich have the luxury you and I don't, they can live anywhere in the world. Why do you think Monaco is so popular !
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  22. Lack of gas storage is a big problem for the UK. At present we are exporting cheap gas to France because we have nowhere to keep it.
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  23. That's why the Bank of England doesn't set interest rates, the MPC does.
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  24.  @grahamtanner5549  If the result is the desired one, why would I want to do it differently ?
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  25. Marrying a billionaires daughter was a really smart move, wish I had done so. Perhaps this is why we need such a clever man ?
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  26. Energy companies are not the same as the your energy supplier. That's why several energy suppliers went bust early this year when they had to pay more for it than they were allowed by the price cap to sell it for.
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  27. Is there ever a good time ?
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  28. The Bank of England don't set interest rates, the MPC do. The Governor and his 3 deputies are however members of the MPC.
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  29. As an ex banker, if you haven't worked it out after 70 years that says more about you than anything. Bankers are no different from stockbrokers, whatever the market does there is money to be made.
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  30. It won't be Labour thats for sure.
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  31.  @aHumanCookiee  You do have a fixed rate mortgage ? It's been a no brainer decision for so long.
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  32.  @i-fart-n-elevators4610  Try existing without it ?
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