How is inflation effecting you in 2022?

[GoldDiggerDave]

15 minutes ago, kimchi said:

I agree with all of that - it has started

Which post of mine were you replying to though, please? I saw interest rates of 10%+ in the late 80s as a child, so no memory of the 70s at all, but studied economics in the 90s.

Was talking about wage rises, and business can't afford to pay more.   Cheers mate👍

[kimchi]

4 minutes ago, GoldDiggerDave said:

Was talking about wage rises, and business can't afford to pay more.   Cheers mate👍

Not looking good is it?

[ArgentSmith]

On a lighter note everyones "carbon foot print" will be lower and soon we'll own nothing and be happy 😃

This is fine 

 

[Paul]

8 minutes ago, ArgentSmith said:

On a lighter note everyones "carbon foot print" will be lower and soon we'll own nothing and be happy 😃

This is fine 

 

We'll own nothing but we'll be happy klaus shwarb 

[GoldDiggerDave]

10 minutes ago, ArgentSmith said:

On a lighter note everyones "carbon foot print" will be lower and soon we'll own nothing and be happy 😃

This is fine 

 

I'm gonna buy a Rickshaw and set up a new taxi service, until then it's a backy on the back of my mountain bike! 

[ArgentSmith]

11 minutes ago, Paul said:

We'll own nothing but we'll be happy klaus shwarb 

 

[Minimalist]

BREAKING: Amazon will charge sellers a 5% fuel and inflation surcharge on fulfillment fees starting April 28.

[CANV]

Uni loans for most will now never be paid of..  its basically 1 to 2 per cent more tax forever on your earnings..  

I advised both my kids to leave school asap and get jobs at big firms to get a few years graft on their CV's  ..

they both did and as with any big company there is always free training, courses, the lot ..  apply for everything..

my son got his HGV for free at Network rail ..

then you can bat on and do your own thing,  or stay there as people will always be leaving big companies. there are always openings and networking opportunities ..

id give the same advice to any kid leaving school now.   unless you are academically gifted in something 'academic' then swerve Uni completely  

[kimchi]

1 minute ago, CANV said:

id give the same advice to any kid leaving school now.   unless you are academically gifted in something 'academic' then swerve Uni completely

Absolutely. Get a practical skill under your belt and get blooming good at it asap, you'll do better than anyone else.

[CANV]

as for inflation.  my biggest bugbears are the NI rise, which they only did because income tax is devolved so they had to go UK wide. it affects the less well off and the young far more.   and the disgusting freezing of allowances for years. again especially the start level rate for income tax..  affecting the less well off and the young. 

[FlorinCollector]

5 hours ago, Petra said:

I think that for once public sector have had less pay rise than private 

For once? Could you explain a bit please mate. I thought the public sector always received lower pay rises than in the private sector?

[Minimalist]

 

[Minimalist]

9 hours ago, FlorinCollector said:

Also would love to know how if everybody is moving away from RPI and workplaces are not counting it as relevant in wage negotiations - how is this used and not CPI for interest calculations. I assume because it is usually a lot higher. 

Tony Blair, Gordon Brown, David Cameron, Theresa May and Boris Johnson all attended university for free

As Prime Ministers, they all contributed to increase the fees and loan interest to the point modern day students could eventually end up paying up to £100k for their fees

Will see if people here can figure that out, doubt it though.

[FlorinCollector]

17 minutes ago, Minimalist said:

Tony Blair, Gordon Brown, David Cameron, Theresa May and Boris Johnson all attended university for free

As Prime Ministers, they all contributed to increase the fees and loan interest to the point modern day students could eventually end up paying up to £100k for their fees

Will see if people here can figure that out, doubt it though.

Especially in England they have it really bad. Higher rates on their plans. 
 

Also our courses are free so the loan is maybe for rent, essentials or just living. The loans they take are for this plus fees. I would say average Scottish student would have £19k in student loans. In England probably closer to £50k

[Roy]

I attended university for free too. Sorry.

Perhaps it's time we had fewer graduates and more skilled tradesmen, is that the idea?

Why does a plumber cost so much and is so hard to find? It wasn't always that way. Everyone knew a plumber once.

Many graduate courses are worthless anyway, too many 'ologies', as Dame Lipman used to call them.

How many archaeology graduates are employed in the (a) field? More likely painters and decorators today.

 

 

 

[FlorinCollector]

23 minutes ago, Roy said:

I attended university for free too. Sorry.

Perhaps it's time we had fewer graduates and more skilled tradesmen, is that the idea?

Why does a plumber cost so much and is so hard to find? It wasn't always that way. Everyone knew a plumber once.

Many graduate courses are worthless anyway, too many 'ologies', as Dame Lipman used to call them.

How many archaeology graduates are employed in the (a) field? More likely painters and decorators today.

 

 

 

Yep for sure. The problem has been I think when I was in 6th year at school it was looked at as if you were smarter you went to university and apprenticeships were usually for someone dropping out in 4th year. Completely wrong and only in hindsight I can see that. 

[Minimalist]

20 minutes ago, FlorinCollector said:

Especially in England they have it really bad. Higher rates on their plans. 
 

Also our courses are free so the loan is maybe for rent, essentials or just living. The loans they take are for this plus fees. I would say average Scottish student would have £19k in student loans. In England probably closer to £50k

Aye the English have it worse tbh. But thats up to them, they are against state-support for the lower classes.
 

As for us, I havent looked over the average yet but I had a look over my applications for my Masters degree (Finance) and when I got accepted into Heriot-Watt it was around £10k… Just had a look just now and the cheapest is Dundee Uni (£9k) for fees. Obviously going over the Forth Bridge would have to include two years of renting, maintaining a motor and basic needs. £19k average would be accurate (if I done it).

Kept the undergrad instead. F*ck paying all that. I earn anyway lol.

[FlorinCollector]

And I don’t mean that was my personal view. More of a general view held by everyone in our area id say.

[Minimalist]

29 minutes ago, Roy said:

Perhaps it's time we had fewer graduates and more skilled tradesmen, is that the idea?

Why does a plumber cost so much and is so hard to find? It wasn't always that way. Everyone knew a plumber once.

I dont see this around my area. But I do recognise their is a new liberal automated type that prefers programming and general office type jobs. Plus, women arent into tradesmen anymore. I dont know why, they seem to think they are "above them" when most women I know work in retail and the NHS… 

Edited April 14, 2022 by Minimalist

[FlorinCollector]

1 minute ago, Minimalist said:

Aye the English have it worse tbh. But thats up to them, they are against state-support for the lower classes.
 

As for us, I havent looked over the average yet but I had a look over my applications for my Masters degree (Finance) and when I got accepted into Heriot-Watt it was around £10k… Just had a look just now and the cheapest is Dundee Uni (£9k) for fees. Obviously going over the Forth Bridge would have to include two years of renting, maintaining a motor and basic needs. £19k average would be accurate (if I done it).

Kept the undergrad instead. F*ck paying all that. I earn anyway lol.

Thats my current issue. I work in a factory but study accountancy at night time. I am finding it hard breaking into that kind of job just now and paying for it myself currently. Not as expensive as masters or undergrad would be because mine wouldn't be free this second time around. 
 

HNC was roughly £720 part time was 2 years so £1440. Then this year I think roughly £1.8k.

(sorry bit off topic) - but what I am doing to improve financial situation.

[Minimalist]

10 minutes ago, FlorinCollector said:

Thats my current issue. I work in a factory but study accountancy at night time. I am finding it hard breaking into that kind of job just now and paying for it myself currently. Not as expensive as masters or undergrad would be because mine wouldn't be free this second time around. 
 

HNC was roughly £720 part time was 2 years so £1440. Then this year I think roughly £1.8k.

(sorry bit off topic) - but what I am doing to improve financial situation.

You're doing alright. Nothing wrong with getting by tbh - plus thats not too steep.

Tell you what though, I was under the illusion of doing MA Finance - loaning up, applying for London / City jobs in Banking and staying with my Uncle in Woolwich. Literally got an interview with Citi Group with an undergrad but never got the job. My "dreams" ended there and then and I wrapped the idea of a Masters. Im lucky, co-own domestic maintenance services business with the auldman and trade markets here and there (want to move into swing trading full time). Thinking about moving out here if we dont vote Yes (IF we get the chance again). People here make me anti social tbh.

Edited April 14, 2022 by Minimalist

[FlorinCollector]

@Minimalist funny that before I started doing accounts I had also looked into doing a Masters in Finance and economics but it was cost that put me off. 

[Minimalist]

7 minutes ago, FlorinCollector said:

@Minimalist funny that before I started doing accounts I had also looked into doing a Masters in Finance and economics but it was cost that put me off. 

Well, cost is one thing… When you reach your 30s you dont see it like that anymore… it was different in my 20s, im assuming yer younger than me here (could be wrong). Its the hours that appeal the most at the end of the day - less hours with higher pay. Try fitting it around the gym and shopping as well.

Im up at 8, cant be arsed being this economic-banking-slave as I look through Tinder right now while im on this posting on this forum lol

Edited April 14, 2022 by Minimalist

[FlorinCollector]

1 minute ago, Minimalist said:

Well, cost is one thing… When you reach your 30s you dont see it like that anymore… as I did in my 20s, im assuming yer younger than me here (could be wrong). Its the hours that appeal the most at the end of the day - less hours with higher pay. Try fitting it around the gym and shopping as well.

Im up at 8, cant be arsed being this economic-banking-slave as I look through Tinder right now while im on this posting on this forum lol

Yep getting old. 26 this year. 

[Minimalist]

Cheers for the reply @Roy, reciprocal as ever pal. I hope Pacquiao knocks the head clean off ye over there!