Bank of England economist says people need to accept

[k979aaa]

Being poorer so he says.
https://www.bbc.co.uk/news/business-65308769
Maybe he should lead by example and cut his renumeration or pay more tax or give to charity or if non of those shut the f**k up!

[k979aaa]

Bailey was paid £495,000 in the year to 28 February 2022, while Pill was paid £88,000 for his first five months and 24 days, according the the central bank’s annual report, taking his annual salary to £180,000. According to the latest official data, median average household disposable income last year was £32,300.

[enskied]

Rampant profiteering going on by big business unchallenged by anyone. It's fine for them to say we don't have the money, despite record profits.
The rise in interest rates not passed on the savers.

You have to be blind not to see that ordinary working people are footing the bills yet again.

Guess what... We have no money either.

[rambo1]

Rampant profiteering going on by big business unchallenged by anyone. It's fine for them to say we don't have the money, despite record profits.
The rise in interest rates not passed on the savers.

You have to be blind not to see that ordinary working people are footing the bills yet again.

Guess what... We have no money either.

Which businesses are making record profits, apart from big oil?
As for the savers rates, fixed rate and easy access are at a 15 yr high at 3.55% and around 4.7% to 4.9% for 1 to 5 yr fixes respectively. Don't know where you have savings but if it's not at these rates you'd better move it if you can.

[rambo1]

Bailey was paid £495,000 in the year to 28 February 2022, while Pill was paid £88,000 for his first five months and 24 days, according the the central bank’s annual report, taking his annual salary to £180,000. According to the latest official data, median average household disposable income last year was £32,300.

Half a million for a job with that responsibility, you think that's too much? How much does your average premier league football player earn for kicking a ball about for 90 mins once a week or twice if they're really pushed. ?

[milly]

Rampant profiteering going on by big business unchallenged by anyone. It's fine for them to say we don't have the money, despite record profits.
The rise in interest rates not passed on the savers.

You have to be blind not to see that ordinary working people are footing the bills yet again.

Guess what... We have no money either.

Our economy doesn't to produce enough wealth to cover its costs, you are correct that workers are being fleeced to provide 10% increases for benefit recipients whilst we have income tax allowances frozen at £12570 until 2028.
We are also paying for inflation linked Pensions for the Civil Service and the board of the Bank of England.
The Public sector is rapidly stealing the wealth from workers at an alarming rate.

[milly]

Bailey was paid £495,000 in the year to 28 February 2022, while Pill was paid £88,000 for his first five months and 24 days, according the the central bank’s annual report, taking his annual salary to £180,000. According to the latest official data, median average household disposable income last year was £32,300.

Half a million for a job with that responsibility, you think that's too much? How much does your average premier league football player earn for kicking a ball about for 90 mins once a week or twice if they're really pushed. ?

£1 a year would be too much for any of the board of the Bank of England.
They are beyond useless and have caused most of our misery by devaluing our currency with its QE policies and low interest rates and they have the gall to tell people to get used to being poorer whilst they have inflation proof Pensions.
It's pretty amazing that the instigators are blaming the victims.

[iHateD2Ds]

The rich are getting richer ( avoiding tax or paying very little).
Energy companies making record profits.
Basic Food prices still climbing.

UK Gov seem to be doing little ,maybe some have ministers have vested intrest in energy companies?

Yes we are getting poorer you don’t need to remind us.

[milly]

The rich are getting richer ( avoiding tax or paying very little).
Energy companies making record profits.
Basic Food prices still climbing.

UK Gov seem to be doing little ,maybe some have ministers have vested intrest in energy companies?

Yes we are getting poorer you don’t need to remind us.

Oil companies will continue to make money due to the crazy Climate change policies.
Many Oil and Gas companies are withdrawing from the North Sea as the Government deters them for looking for more so a diminishing supply will keep prices elevated.
Sanctioning Russia, the world's second biggest energy producer was also complete insanity.
The thing is we are all getting poorer because many people go along with the Government narratives despite claiming to hate the Government.

[smok3y666]

Wish my disposable incomne was £32000/yr.

[heapsy]

Rampant profiteering going on by big business unchallenged by anyone. It's fine for them to say we don't have the money, despite record profits.
The rise in interest rates not passed on the savers.

You have to be blind not to see that ordinary working people are footing the bills yet again.

Guess what... We have no money either.

Which businesses are making record profits, apart from big oil?
As for the savers rates, fixed rate and easy access are at a 15 yr high at 3.55% and around 4.7% to 4.9% for 1 to 5 yr fixes respectively. Don't know where you have savings but if it's not at these rates you'd better move it if you can.

Tesco

[milly]

Rampant profiteering going on by big business unchallenged by anyone. It's fine for them to say we don't have the money, despite record profits.
The rise in interest rates not passed on the savers.

You have to be blind not to see that ordinary working people are footing the bills yet again.

Guess what... We have no money either.

Which businesses are making record profits, apart from big oil?
As for the savers rates, fixed rate and easy access are at a 15 yr high at 3.55% and around 4.7% to 4.9% for 1 to 5 yr fixes respectively. Don't know where you have savings but if it's not at these rates you'd better move it if you can.

Tesco

Record profit in real terms or nominal terms?
Business costs are subject to inflation due to the cost of energy as well.

[heapsy]

https://www.tescoplc.com/news/2023/prel ... ts-202223/ They aren't struggling. And the share price went up more than 25% in a matter of weeks.

https://www.hl.co.uk/shares/shares-sear ... ary-6.333p

[milly]

A brief summary of what is going on.
https://youtu.be/LURngTPS6qI

[VeteranBitterPostie]

A brief summary of what is going on.
https://youtu.be/LURngTPS6qI

Great video.