Independent Leyton Orient Forum

Long slender neck wrote: ↑Wed Jun 28, 2023 9:31 pm Who has all the covid support money?

Long slender neck wrote: ↑Thu Jun 29, 2023 8:57 am what about supermarkets?

OTF Photography Ltd wrote: ↑Thu Jun 29, 2023 9:11 am In a small show of power, after getting sick of a bag of spinach going from £1 to £1.30 I threw some seeds in the ground and have had my own spinach, picked fresh for the last 7 weeks.

Dunners wrote: ↑Thu Jun 29, 2023 8:58 am I'm wary of certain political commentators emphasising them too much as it just serves to distract people's attention from what is happening right under their noses.

OTF Photography Ltd wrote: ↑Thu Jun 29, 2023 7:14 am So, basically; raising interest rates to stop the flow of money by making the average person struggle and cut back on everything but essentials (disregarding the mental health impacts that makes) instead of limiting the flow of money by stopping the rich and the large corporations spending all their profiteered and stolen covid money, who are, in reality, the real driver of inflation?

Cool

Dunners wrote: ↑Thu Jun 29, 2023 8:58 am

Long slender neck wrote: ↑Wed Jun 28, 2023 9:31 pm Who has all the covid support money?

As Conkles has said, the amount injected into the economy during Covid was equivalent to £15K per adult. Most of those who received any assistance will have spent it on goods and services because they needed in order to get by. Therefore it will have filtered up through the economy and be found within corporate profit margins, shareholder dividends or private bank accounts of very wealthy individuals.

While this is only one of the contributors to the current inflation problem, it is the one that the Government can immediately seek to address. There are no easy fixes to this, and either the taxation or interest rate rise solutions will have negative impacts. But targeted taxation is the least worst option for the majority of ordinary people. So we don't want to do that.

The other inflationary drivers are more complex, debatable, and in some cases, beyond our control. While they are important, I'm wary of certain political commentators emphasising them too much as it just serves to distract people's attention from what is happening right under their noses.

Long slender neck wrote: ↑Thu Jun 29, 2023 9:28 am So the corporates have all the covid money and now they're putting their prices up so they can have even more money?

TRUMP Plumbing wrote: ↑Thu Jun 29, 2023 9:30 am

Dunners wrote: ↑Thu Jun 29, 2023 8:58 am

Long slender neck wrote: ↑Wed Jun 28, 2023 9:31 pm Who has all the covid support money?

As Conkles has said, the amount injected into the economy during Covid was equivalent to £15K per adult. Most of those who received any assistance will have spent it on goods and services because they needed in order to get by. Therefore it will have filtered up through the economy and be found within corporate profit margins, shareholder dividends or private bank accounts of very wealthy individuals.

While this is only one of the contributors to the current inflation problem, it is the one that the Government can immediately seek to address. There are no easy fixes to this, and either the taxation or interest rate rise solutions will have negative impacts. But targeted taxation is the least worst option for the majority of ordinary people. So we don't want to do that.

The other inflationary drivers are more complex, debatable, and in some cases, beyond our control. While they are important, I'm wary of certain political commentators emphasising them too much as it just serves to distract people's attention from what is happening right under their noses.

So you're basically saying we need to tax the rich?

TRUMP Plumbing wrote: ↑Thu Jun 29, 2023 9:28 am

OTF Photography Ltd wrote: ↑Thu Jun 29, 2023 7:14 am So, basically; raising interest rates to stop the flow of money by making the average person struggle and cut back on everything but essentials (disregarding the mental health impacts that makes) instead of limiting the flow of money by stopping the rich and the large corporations spending all their profiteered and stolen covid money, who are, in reality, the real driver of inflation?

Cool

Increasing interest rates is supposed to encourage people to save rather than spend, dampening down the amount of demand for these goods, so that prices fall back.

Long slender neck wrote: ↑Thu Jul 06, 2023 8:59 am mortgages are for poor people

The government and opposition are "joining in a conspiracy of silence" about the challenges facing the UK, a think tank says
The Institute for Fiscal Studies, a leading economic research group, was reacting to Wednesday's Budget
The IFS says, just to stop national debt rising, the government needs to raise more than it spends - which it hasn't done since 2001
The combination of debt payments and low growth will mean "eye wateringly tough choices", the think tank warns

Long slender neck wrote: ↑Thu Mar 07, 2024 1:22 pm

The government and opposition are "joining in a conspiracy of silence" about the challenges facing the UK, a think tank says
The Institute for Fiscal Studies, a leading economic research group, was reacting to Wednesday's Budget
The IFS says, just to stop national debt rising, the government needs to raise more than it spends - which it hasn't done since 2001
The combination of debt payments and low growth will mean "eye wateringly tough choices", the think tank warns

Explain this. Who do we owe money and cant we just tell them to f*** off?