newfhouse
pleb
I’ll bite. Where can I get a job with a final salary pension today?
Kwasi economics....
- Thread starter Fab Foodie
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I’ll bite. Where can I get a job with a final salary pension today?
D
Deleted member 28
Guest
Hence "forward planning " in response to cookiedoh's hopes of me not misplacing my trust or something.
If you haven't planned for your future by now you may have left it a little late.
stowie
Active Member
Job with a final salary pension? fark me, where I would find one of those? Certainly not in the private sector that is for sure. And I doubt many exist for new comers in the public sector either. Those old enough to have had final salary as an option really piss me off when they fail to begin to understand the farked nature of pensions today.
And as for housing - yeah I was lucky. Got on early with help from family and rode the price wave from early 90's to now. But this wasn't some kind of sensible planning by me, it was luck based on my age and timing of getting some inheritance at the time that house prices were at the bottom of the curve. When I bought I had no idea what housing prices might do. In the last decade or more, people reaching an age where house ownership is considered had a difficult choice. Try to get on now, or hope the market drops and enter the cycle of constant renting with little left over for saving?
Fancy holidays and cars are a bullshit excuse made by people who want to justify their position as being something more than a little good judgement and a lot of luck. It is not the reason the housing market is buggered and excludes whole swathes of people.
D
Deleted member 28
Guest
The housing market was f**ked the minute restrictions on how much you could borrow were lifted in my opinion, as soon the '2 and a half times your salary ' (or whatever it was) was lifted the market went mad.
People were gazumping one another and prices just kept on going up.
This was in the late '80's early '90's so its nothing new.
stowie
Active Member
So it sounds like the "forward planning" you are suggesting is being born 25 years earlier than I was in order to be able to get a final salary pension? I mean, it is an idea but it will involve a time-machine and I not sure I have the necessary skillset.
newfhouse
pleb
So not really an option for anyone a little younger than us.
My intention is to retire from full time employment some time around my sixtieth birthday next year. I will have plenty of time then for more political campaigning.
D
Deleted member 28
Guest
So not really an option for anyone a little younger than us.
My intention is to retire from full time employment some time around my sixtieth birthday next year. I will have plenty of time then for more political campaigning.
Well hopefully the Tories will be long gone and I can sit back in retirement with you and enjoy our new found utopia under Labour (I would assume).
stowie
Active Member
It was the late 80's and the early 90's housing slump was the reaction to interest rates plus recession.
I was too young to buy a house in the late 80's but old enough to remember it. People were in negative equity and struggling for years afterwards because of they bought "at the wrong time". It screwed their lives for decade or more. This was not a failure of forward planning, just that they were not the right age to ride the property wave profitably.
Mortgages have had limits associated with borrowing, but on an amortised basis, so individually you can get massive multiples but lenders have to hit average targets.
In an ideal world the government would manage fiscal policy on housing to keep prices in check since demand / supply is very rarely going to be in equilibrium. Put simply, you cannot build yourself out of a housing bubble (see China), the government needs to use tax and benefit policies to manage market excess. Except that would be very unpopular with core voters and people - for reasons that are utterly irrational - like their property price to increase. So it doesn't get done.
newfhouse
pleb
We may have to settle for ‘better’ rather than ‘utopia‘ but I look forward to it. We’re planning to move to Staffs.
D
Deleted member 28
Guest
Believe it or not Wolverhampton was once in 'Staffs' now West Mids of course.
newfhouse
pleb
D
Deleted member 28
Guest
It’s OK, I won’t be close enough to pollute your local with my progressive politics
I think Staffordshire is pretty 'Blue'.
newfhouse
pleb
You think there will be a welcoming committee to run me straight outta town?
D
Deleted member 28
Guest
Dunno but you might have your work cut out finding a local 'campaign group'.
Funny how many people like to live in what's thought of as a 'right wing' area but hold very opposite views?
Our own foodlenoodle for example, living the high life in Devon with all it's Tory Councillors and no doubt a little nicer place to be opposed to downtown Peckham for example.
stowie
Active Member
I see that defenders of the government and members of affiliated think tanks such as IEA are out in force today.
The mantra seems to be to stress the cost of the energy cap with implication that this is what the market is reacting to (it isn't) plus lofty talk about "supply side reform" and "market distortions" to enable "insurgent business and entrepreneurs". These are code words for government spending cuts and loosening remaining working legislation plus a bonfire of planning regulation and anything else that pleases their party donors.
I see Shanker Singham was on Politics Live today as the IEA representative (although I don't think his involvement with this organisation was even mentioned). In his own bio he lists involvement of the privatisation of the UK electricity market. Then he goes onto politics live to talk about "market distortions" in the energy market. If we could heat our homes with chutzpah we would solve the energy crisis easily.
The mantra seems to be to stress the cost of the energy cap with implication that this is what the market is reacting to (it isn't) plus lofty talk about "supply side reform" and "market distortions" to enable "insurgent business and entrepreneurs". These are code words for government spending cuts and loosening remaining working legislation plus a bonfire of planning regulation and anything else that pleases their party donors.
I see Shanker Singham was on Politics Live today as the IEA representative (although I don't think his involvement with this organisation was even mentioned). In his own bio he lists involvement of the privatisation of the UK electricity market. Then he goes onto politics live to talk about "market distortions" in the energy market. If we could heat our homes with chutzpah we would solve the energy crisis easily.
