What is going on today? - Megathread

well I’m thinking, things cant get any worse

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We have had (and have) a very weak self-obsessed government & entourage persuaded into the US way of economics, without actually implementing strategies which will benefit the country from those economics whilst being fair & great for the UK’s working people. Whilst also desperately trying to cling-onto ā€˜tradition’ though without letting the majority actually peak into this privileged way of life of tradition.

So what is actually happening live, is the country is falling apart whilst they are still on the top deck holding onto the last pieces of what tradition they have, without a care at all for the people falling into the cracks who are actually honestly supporting the country.

With a weak government & entourage there are far too many backpacking off-of the UK’s working people. When these ā€˜elites’ should have been working equal toughness to keep the country on a steady upward projection creating higher quality careers for 100’s of thousands more UK people. Instead they have been disgustingly wrecking the environment for the many, by feasting greedily & enviously.

When UK people wake up, they WANT to work to provide a consistent fair growth economy, so why on earth are the UK’s people becoming poorer, less to zero asset affordability, ridiculously poorer pension benefits, terrible job progression, disgustingly unfair school system, 50/50 healthcare system being great or pretty poor…

Every 6 months there seems to be more reason to have to take another portion of your wellbeing into your own hands, because the healthcare, the insurance, the pensions, the price rises, all seem to be attacking you at all directions, with no fair truths being spoken to the public from the ā€˜allowed to speak’ leaders.

Yet, with the growing amount of rules & fiercely draconian measures being placed on the public, you can not come to any other conclusion apart from 98% of your rights are being taken away which will leave you a less than 2% chance of being able to succeed any irrational system put in place, further pushing the already wealthy or already land/asset owners wealth beyond any comprehension, in other words, the already ridiculous is now growing so far fetched from possibility, that is has basically become impossible to succeed the leaders or historical elite. They bent every rule under the sun and had highly and easily manipulatable laws with no consequences to gain their position in the country, the word most ideal for this situation is they frikken stole their right to enormous wealth. Something only now people like the Kardashians have been aiming for. The tech boom has just created a giant pool of new generational wealth for those involved, piggy-backed on by the leeching aristocrats. No doubt the next boom is in personalised healthcare, though affordability in this decade is questionable.

The fact stands, that the UK government and their ego’s have wrecked the economy. No bold moves have been made and zero levelling up has happened. This is a multi-decade fuck up.

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Haven’t seen anything yet!

At least it’s the weekend!

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Such a dismal and depressing picture painted of this country yet so many people want to come to live here still because it’s actually not that bad compared to some other countries.

The mini budget is worrying - how will all those cuts be paid for? But all I can focus on is that I’ll have more money to invest due to the reduced NI.

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You’ll get 1.25% back on some of your income, but your entire income is worth 2%-3.5% less than it was yesterday.

…brilliant! :thinking:

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How so? Not being argumentative, I obviously haven’t done the sums and must be missing something?

My energy company has told me that my direct debit in October will be £45 less than what I paid in Sept, so more to go towards my investments.

It feels like I’m winning, but I’m not really celebrating.

Less in value against the dollar? Doesn’t really come into play for 99.99% of people that work and live in the Uk does it not?

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Not planning to eat/ use energy in the coming months?

What ā€˜savings’ that ni removal is (and it only came in in April, so it’s not likes had too great shakes currently) is entirely offset by the huge increases in food/energy/everything else.

At the same your £ is devaluing against the dollar.
And what are most things traded against? As we import a lot of things… Oh that’s right the dollar.

This is a knife edge that could potentially overflow into a hyperinflation situation.

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Things do not seem ā€˜too’ bad if you are not really doing much, but when you step outside and try make something happen or put huge effort into overtime and upping your game, you quickly realise you just spent Ā£1500 in a frikken week.

Life is awesome and especially floating about in the uk countryside and strolling through the Cotswolds and riding bikes through the New Forest and all that, but seriously, try physically going into hyper mode and creating something or purchasing something large like a property and still manage to have funds around to grow your business or pursue work which involves travel, you’ll immediately realise you’ve just spent Ā£10,000 in 3 months ONLY on expenses.

UK government has screwed over the working population.

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This new government is arguably the worst weve had for the economy and they’ve only been at it for a few weeks. What they are doing is reckless and goes against pretty much any economic logic. Its crazy to think they genuinely believes that people are going to spend this releif whilst inflation is still around double digits. The Bank of England are also raising rates so that pretty much encourages people to save. The one thing the tories had going for them was that they were fiscally responsible, this is now over.

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Energy increase covered by the government discount it seems and am having to shop/cook smarter to make my pound go further but it’s doable.

Yes, it’s bad, worse for some but not too bad for others.

And no, am not rich or wealthy - average basic tax rate payer with mortgage, with a bit spare to invest each month, although this ā€˜spare’ could be in doubt if there was a real dire situation like hyperinflation.

I see what you mean now, the ā€˜work’ you’re referring to is more of the self-employed/entrepreneur type stuff which needs personal initial outlay/capital.

I’m not really doing much, just a 9-5 office job (not even office now that I can wfh). I sometimes do overtime but don’t get paid for it.

I guess I’m in a bit of a bubble as all my friends, family and the circle of people I know are all in similar jobs, so that’s the working population that comes to my mind first.

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I’m thinking it can haha

I find this such an odd argument.

It’s basically like going ā€œSure everything is going to shit but there are still some places where it’s even worse so :man_shrugging:ā€œ

Why should we put up with poor government and rapidly declining quality of life just because it ā€œcould be worseā€.

(Except in situation where we are making targeted sacrifices for political / social well-being reasons etc, but that’s complex to get into and really not the case here imo)

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Well the bankers and the rich will now save us by spending more in the econemy

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You don’t have to put up with it but I choose to do so. All i can do is vote when the time comes, whatever good that will do.

The ā€˜it could be worse’ is a mindset so I don’t end up spiralling into despair and feel sorry for myself, I always tend to look on the bright side of life and all that. Not saying that’s what people should do, it’s just what i do.

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It’s expensive. Ā£1k+ for a sofa, Ā£1k for grass laid, Ā£500+ for a monitor. Setting up your office and need a chair that won’t break your back? Ā£500 please.

At the same time people still seem to have the attitude that they can just sit in the same job year after year and expect things will work out. That’s been false for a while now. You can’t stay in the same company and expect to go anywhere anymore.

On top of that I expect we’re exiting the insta buy generation. This idea that people can just buy anything they want on short term credit and be fine and have instant gratification was never a good idea. People might have to make do with plastic chairs like the ā€˜good old days’ until they save up for things

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Imports.

Down against the euro and the dollar.

Commodities and fuel are priced in dollars. That pushes prices up for pretty much everything for people in the UK.