Starmer's vision quest

[BoldonLad]

It actually varies depending on the individual's age and how much they are controlling their pension investments. A younger plicy holder's investments will be receiving dividends but as they get closer to retirement age many pension companies adjust the investment balance to be more secure but maybe lower return (eg Guilts). Reason being is stock markets can go down as well as up and further from retirement and there is time for a "down" to turn round and long term recover; but a bad down shortly before retirement and somebodies pot can suffer badly, hence the change of balance to more secure investments. Quite possible for a policy holder to instruct to pension company to invest their funds in different (riskier) schemes to the change is default.

Ian

Surprisingly, I knew that, thank you, even if the proportion of dividends for the individual varies, dividends are still a factor.

 

[Pblakeney]

Is there a precedent for this? I genuinely don't know so I'm not trying to do a gotcha. On the face of it appears that Stevo has a point about Laffer in that people modify their behaviour in response to higher capital gains rates and either bring forward or delay the realising of their assets to coincide with more favourable rates. With regard to taxation in general we are being taxed more heavily than ever which appears to have led to a doom loop of crushing personal incomes and spending power, depressing the labour market, and there are signs of capital flight and the start of another brain drain (although I see that some of you dispute this). Are there any Labour voters here who are prepared to defend the government's handling of the economy, preferably without resort to how bad the Tories were/are?

My take will surprise nobody.
We as a country have been living beyond our means for a considerable time. Decades. The chickens are slowly coming home to roost.

 

[First Aspect]

I think Diane Abbott should sign up. She used to be very good friends with Jezza as I recall.

This could turn out to be quite prescient.

 

[First Aspect]

Or is it already prescient and we don't know it yet. Brian?

 

[briantrumpet]

Or is it already prescient and we don't know it yet. Brian?

Ask Copilot

 

[First Aspect]

Unsure what actually happened but at the time the NI increase was announced many financial analyst were saying in practice employees would be paying anyway as companies are already stretched so the cost increases will in effect be passed on through lower pay increases as well as price increases (also affecting employees indirectly).

Ian

The house always wins.

Perhaps it was an attempt to induce interest rate falls by suppressing wage growth, who knows. Pretty neutral on that front seeing the effect it's had on inflation.

 

[First Aspect]

Ask Copilot

It's okay to admit you don't know. I did that once.

 

[briantrumpet]

It's okay to admit you don't know. I did that once.

I don't know why you'd do that.

 

[First Aspect]

I don't know why you'd do that.

Makes me seem more human and approachable.

 

[briantrumpet]

Makes me seem more human and approachable.

DYSWIDT though?

Am I now as human and approachable as you?

 

[First Aspect]

DYSWIDT though?

Am I now as human and approachable as you?

In don't know what that stands for.

See what I mean?

 

[briantrumpet]

In don't know what that stands for.

See what I mean?

Yeah, but these days you just ask Copilot, and you can pretend to be clever. Obviously you don't paste the screenshot.

 

[briantrumpet]

Anyway, a better tactic, that I'd encourage pupils to do, is to Try To Work It Out.

Then I can laugh at with them if they get it wrong.

 

[First Aspect]

Before AI there was this thing called Google which actually linked straight to some source material. Now you don't need to worry about whether the source material is from Mein Kampf or anything like that.

Incidentally, bloke I hung out with at uni would devise some Aussie sounding catchy three letter phrase and throw the acronym (the TLA) into conversation, and then tease for a while before the big reveal. It was annoying, as I recall.

 

[briantrumpet]

Before AI there was this thing called Google which actually linked straight to some source material. Now you don't need to worry about whether the source material is from Mein Kampf or anything like that.

Incidentally, bloke I hung out with at uni would devise some Aussie sounding catchy three letter phrase and throw the acronym (the TLA) into conversation, and then tease for a while before the big reveal. It was annoying, as I recall.

Were they all acronyms, or were some initialisms?

Pedants are really annoying too. Maybe you get some kind of emotion when you get pedanted.