Inflation

[Max Fowler]

What do you guys think about investing in Gold Sovereigns ?

Gold, guns and BTC.

[Dunners]

What do you guys think about investing in Gold Sovereigns ?

Factor in storage costs, insurance, and sell-on fees. Personally, if I was minded to invest in gold, I'd be more inclined to just go with an ETF.

[Max B Gold]

I don't know why people are getting so worried. Once the Brexit benefits start to flow we will have riches beyond the dreams of avarice.

[tuffers#1]

https://www.bbc.co.uk/news/business-61891649

UK inflation rises at fastest rate for 40 years as food costs jump.

Well done.the.Tories
Making records.as they go

[Max Fowler]

At least it's not Corbyn.

[Long slender neck]

Pensioners to get 10% rise as triple lock restored.

How many of them moaning about strikes will gladly pocket this?

[Orient_Man_And_Boy]

What do you guys think about investing in Gold Sovereigns ?

Yep. gold Britannia coins, silver Britannia coins and gold Sovereigns are all free of Capital Gains Tax.

Sovereigns are smaller / cheaper but Britannias are better value if you can afford them.

[Chelmsford Swimmer]

Pensioners to get 10% rise as triple lock restored.

How many of them moaning about strikes will gladly pocket this?

Maximum state pension is below minimum wage, but feel free to begrudge them, and support strikers earning three times more. Good luck to you when you can't work and rely on the state.

[Long slender neck]

Why would pensioners get a wage? What hours are you basing that on?

[tuffers#1]

Why would pensioners get a wage? What hours are you basing that on?

Think thats why you young lot will be working till you're 75 , give you time to pay back some national debt & then get a retirement allowance when you are no longer able to trust a fart .

[Chelmsford Swimmer]

Why would pensioners get a wage? What hours are you basing that on?

I'm basing it upon the 35 years they've worked paying National Insurance contributions. If you pay National Insurance you might want what you've paid for too one day.

[Long slender neck]

You said the state pension is less than minimum wage. How have you worked that out?

[Chelmsford Swimmer]

You said the state pension is less than minimum wage. How have you worked that out?

Assuming you are a 23 year old doing a 35h hour week, minimum wage is £9.50 an hour, that's £332.50 a week.
Maximum state pension is £185.15 a week.

[Max Fowler]

Pensioners to get 10% rise as triple lock restored.

How many of them moaning about strikes will gladly pocket this?

Maximum state pension is below minimum wage, but feel free to begrudge them, and support strikers earning three times more. Good luck to you when you can't work and rely on the state.

This pitting ordinary workers against pensioners is exactly what they want. Have a word with yourselves.

[PutneyO]

If you divide a monthly state pension of £735 by 140 hours, you get £5.25 ph. Thats much less than the minimum wage

[Long slender neck]

But they don't work any hours

[tuffers#1]

But they don't work any hours

Do you think private pensions give away free money to the olds ?

[Petrov788]

Important reading amongst the guff coming out from the elite about the cause of inflation and who should take the hit and pay for it

https://www.unitetheunion.org/media/475 ... crisis.pdf

Greed and profiteering is the main reason for inflation, not people asking for rises that will be way below inflation by the time they receive their first pay packet. Trickle down economics are a lie, a myth - we've already seen that con torn up in the years immediately after 2008.

Executive pay go's up, share holder dividends go up. Banker bonus caps to be lifted at the very same moment that people are told not to ask for pay rises by people on half a million a year. Smell the coffee (instant own brand coffee, because that's all we'll be able to afford if we allow capital to set the tone and the news agenda.)

[Petrov788]

There are certainly pensioners that need a boost, it should be means tested where possible. There are plenty of well off pensioners, on asset wealth alone. They do not have mortgages to pay and they can acquire more capital against their houses if needs be

The proposed raise isn't a boost though, its a bribe and most of the raise will only make up the cuts from the previous corona virus hit years. The tories excel at this particular trickery. See police, hospital and nursing number claims - they are without shame.

[Max B Gold]

There are certainly pensioners that need a boost, it should be means tested where possible. There are plenty of well off pensioners, on asset wealth alone. They do not have mortgages to pay and they can acquire more capital against their houses if needs be

The proposed raise isn't a boost though, its a bribe and most of the raise will only make up the cuts from the previous corona virus hit years. The tories excel at this particular trickery. See police, hospital and nursing number claims - they are without shame.

The universal principle on pensions should be retained. Simply because pension income isn't wealth and owning a mortgage free home isn't an asset worth worrying about. Besides the "well off" pensioners have contributed toward their state pension and continue to fund them through taxation.

The level of pension in the UK is the real scandal and steps should be taken to increase it over time to match what the govts of Germany, Holland, France Spain etc pay as a percentage of the average wage.

[Max Fowler]

If you divide a monthly state pension of £735 by 140 hours, you get £5.25 ph. Thats much less than the minimum wage

But they don’t do 140 hours of work et month.

They’re barely awake for that many hours.

[Max B Gold]

If you divide a monthly state pension of £735 by 140 hours, you get £5.25 ph. Thats much less than the minimum wage

If they are on a bare pension only they will be entitled to pension credits so you need to figure that into your totally irrelevant comparison.

[Petrov788]

There are certainly pensioners that need a boost, it should be means tested where possible. There are plenty of well off pensioners, on asset wealth alone. They do not have mortgages to pay and they can acquire more capital against their houses if needs be

The proposed raise isn't a boost though, its a bribe and most of the raise will only make up the cuts from the previous corona virus hit years. The tories excel at this particular trickery. See police, hospital and nursing number claims - they are without shame.

The universal principle on pensions should be retained. Simply because pension income isn't wealth and owning a mortgage free home isn't an asset worth worrying about. Besides the "well off" pensioners have contributed toward their state pension and continue to fund them through taxation.

The level of pension in the UK is the real scandal and steps should be taken to increase it over time to match what the govts of Germany, Holland, France Spain etc pay as a percentage of the average wage.

I completely agree, our pensions are shocking. Diabolical, and it is a scandal. But you have to see Tory carrot dangling for what it is. Divide and rule, and just before 2 by-elections they are tipped to lose. I've already seen people make arguments that workers can't have pay rises because how else will we pay for improvements to pensions. If x money goes to pensioners, x amount can't go to others etc etc.

[Max B Gold]

There are certainly pensioners that need a boost, it should be means tested where possible. There are plenty of well off pensioners, on asset wealth alone. They do not have mortgages to pay and they can acquire more capital against their houses if needs be

The proposed raise isn't a boost though, its a bribe and most of the raise will only make up the cuts from the previous corona virus hit years. The tories excel at this particular trickery. See police, hospital and nursing number claims - they are without shame.

The universal principle on pensions should be retained. Simply because pension income isn't wealth and owning a mortgage free home isn't an asset worth worrying about. Besides the "well off" pensioners have contributed toward their state pension and continue to fund them through taxation.

The level of pension in the UK is the real scandal and steps should be taken to increase it over time to match what the govts of Germany, Holland, France Spain etc pay as a percentage of the average wage.

I completely agree, our pensions are shocking. Diabolical, and it is a scandal. But you have to see Tory carrot dangling for what it is. Divide and rule, and just before 2 by-elections they are tipped to lose. I've already seen people make arguments that workers can't have pay rises because how else will we pay for improvements to pensions. If x money goes to pensioners, x amount can't go to others etc etc.

Yes it's carrot dangling coupled with the cake is only a finite size argument but that wasn't my point.

My point was you adopting the Tory ideology of means testing.

[Petrov788]

It's more that I'd be fuming if rich pensioners get richer and continue to vote Tory - all while people of working age are told to know their place or risk jepodising the economy. I'm not a fan of means testing - I'm pro universal healthcare and a universal basic income - and can concede how effective Tory divide and rule tactics are - it got to me and does get to people when they are emotional