Brexit. Success? Too early to judge? Disaster?

[Deker 3,478]

  On 13/02/2023 at 17:39, paulus said:

Was reading this the other day, The house in the picture was for sale in 1937 for £545, If you add in inflation and all the other increases, Then today that house should cost roughly £45000 to purchase, Instead its nearly £450,000. There was a bloke the other day harping on about the top 10% of earners accounting for 54% of tax collected in this country, Trying to justify huge salaries. The problem is those at the bottom of the earning scale are not earning enough to be able to live, never mind pay tax. Perhaps if that had not held the wages at such an artificial low rate for donkeys years by the use of cheap foreign labour, Then that tax bill would be be more evenly distributed, You can not have the best of both worlds or perhaps if your rich you possibly can. 

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Problem with that is if we didn't use cheap foreign labour then inflation would have been higher and people even less able to cope!!

Don't take this wrong, I am NOT in favour of wholesale foreign labour, we need to sort out or borders, and sort out our economy!!!!

[tatsblisters 10,450]

I honestly believe that if Labour were to win a second term after they win the next GE under Starmer we will have another referendum to join the EU again.

[keepdiggin 9,560]

  On 19/02/2023 at 11:29, tatsblisters said:

I honestly believe that if Labour were to win a second term after they win the next GE under Starmer we will have another referendum to join the EU again.

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May as well join it again nothings changed

[paulus 26]

  On 19/02/2023 at 11:29, tatsblisters said:

I honestly believe that if Labour were to win a second term after they win the next GE under Starmer we will have another referendum to join the EU again.

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Have we ever really left?

[kanny 21,013]

  On 19/02/2023 at 10:28, VOON said:

Boris makes his comeback intervention over Protocol……maniac…..Goverment split….General Election?

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And vote for who? The Labour Party are just if not more split between center and far left the whole job is fukt across the board. 

[tatsblisters 10,450]

  On 19/02/2023 at 13:36, paulus said:

Have we ever really left?

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I don't think so tbh. 

[VOON 1,317]

  On 19/02/2023 at 13:49, kanny said:

And vote for who? The Labour Party are just if not more split between center and far left the whole job is fukt across the board. 

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I concur with your sentiment, the point I was making, he is planning on using NI/Protocol to inveigle his way back to power. When he should just piss off….Nothern Ireland is at a delicate juncture…..The ERG will be against any deal. Tories split…General Election , when a steady ship is required as it’s obvious NI is cruising in choppy waters….

[VOON 1,317]

  On 19/02/2023 at 11:29, tatsblisters said:

I honestly believe that if Labour were to win a second term after they win the next GE under Starmer we will have another referendum to join the EU again.

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That would what 5 years down the line……probably happen with the Tories as well if things keep going as they are…..

[paulus 26]

  On 19/02/2023 at 10:51, Deker said:

Problem with that is if we didn't use cheap foreign labour then inflation would have been higher and people even less able to cope!!

Don't take this wrong, I am NOT in favour of wholesale foreign labour, we need to sort out or borders, and sort out our economy!!!!

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Only if any wage driven rises were passed on to the consumer, Maybe its time wages were increased to a level where all are in the bracket to pay tax and the shareholders had less dividends to fund it, Win for the employee. Win for the Government. Win for the Country as a whole. 

[Deker 3,478]

  On 19/02/2023 at 16:58, paulus said:

Only if any wage driven rises were passed on to the consumer, Maybe its time wages were increased to a level where all are in the bracket to pay tax and the shareholders had less dividends to fund it, Win for the employee. Win for the Government. Win for the Country as a whole. 

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Which they always are, when did you last hear of an industry pay award that Joe public didn't end up paying for! This is all part of the Inflation spiral which the Government is trying to stop by holding down pay rises!!!

Inflation takes on a life of its own and is a nightmare to stop!

Someone always suffers!

[tatsblisters 10,450]

  On 19/02/2023 at 12:13, keepdiggin said:

May as well join it again nothings changed

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That's true more immigrant's coming through illegal means than ever before.

[paulus 26]

  On 19/02/2023 at 17:55, Deker said:

Which they always are, when did you last hear of an industry pay award that Joe public didn't end up paying for! This is all part of the Inflation spiral which the Government is trying to stop by holding down pay rises!!!

Inflation takes on a life of its own and is a nightmare to stop!

Someone always suffers!

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There is another way.

The way to increase real wages is to reduce the price of consumer goods. If a Cheeseburger goes down in price from £5 to £2.50, the worker can buy twice as many Cheeseburgers, or, he can buy just the one Cheeseburger he wants, and he has more money left over to buy something else. If the house he wants to live in comes down in price from £200K to £20K because the government has ended its land use regulations, that means the worker has £180K more to spend on other things. Or he can just buy a bigger house, or put on another room.

The way to make this happen, for the money to be worth more while all the workers still earn about the same amount of money, is to increase the productivity of labour, mostly through capital investment and new technology. The technology and economies of scale allow the workers to produce a much larger supply of goods at lower cost. Fewer work hours go into making any unit of good, so the cost of production is lower. The result is that there are more goods on the shelves, at lower prices.

In the end, exactly how much money the average worker earns doesn’t matter. What matters is the supply of the goods he wants to buy, and the price of those goods.

 

[Deker 3,478]

  On 19/02/2023 at 18:47, paulus said:

There is another way.

The way to increase real wages is to reduce the price of consumer goods. If a Cheeseburger goes down in price from £5 to £2.50, the worker can buy twice as many Cheeseburgers, or, he can buy just the one Cheeseburger he wants, and he has more money left over to buy something else. If the house he wants to live in comes down in price from £200K to £20K because the government has ended its land use regulations, that means the worker has £180K more to spend on other things. Or he can just buy a bigger house, or put on another room.

The way to make this happen, for the money to be worth more while all the workers still earn about the same amount of money, is to increase the productivity of labour, mostly through capital investment and new technology. The technology and economies of scale allow the workers to produce a much larger supply of goods at lower cost. Fewer work hours go into making any unit of good, so the cost of production is lower. The result is that there are more goods on the shelves, at lower prices.

In the end, exactly how much money the average worker earns doesn’t matter. What matters is the supply of the goods he wants to buy, and the price of those goods.

 

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Perhaps you need to tell the Government how to solve the problems, as they obviously have no idea at the moment!

[paulus 26]

  On 19/02/2023 at 18:51, Deker said:

Perhaps you need to tell the Government how to solve the problems, as they obviously have no idea at the moment!

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The problem is, they stick to the traditional methods, Put interest rates up, Keep wages artificially low and all the other stuff. All that does it hurt the people who earn the least the most, A rethink is definitely needed and i did think Truss was onto something but unfortunately the bond and guilt market didn't  

[sandymere 8,263]

The government could solve the problems,  inflation is being driven by profits and big shareholders dividends on the back of them. So tax the big companies cashing in and then invest in the country.  But the big companies and shareholders fund the tories so they're not going to touch them.