Pension schemes in danger of COLLAPSE !

[Mac Mickmanus]

4 hours ago, Denim said:

If you're lucky. Some places only a teacup or no bowl at all. Have to lick it off the table.

Think yourself lucky that you have a table , I sit on the road and my noodles get placed on the kerb

[Seppius]

If you think what's happening in the UK is not going to happen in the EU (it already is) and the rest of the world, then you are deluded. 

[Mac Mickmanus]

7 hours ago, brewsterbudgen said:

The only good to come out of this, is a Labour landslide in 2024 and the Tories remaining out of office for years - of forever if Starmer can be persuaded to go for PR.

The Tories are handling the current situation rather well compared to other E.U Countries (I know , no need to point it out) Most dont know their PMI from their elbow , but if we're doing bad the rate of decline elsewhere is pretty clear , Germany dropping the quickest 

Purchasing Managers Index (leading indicator of economy):-
Countries........Latest......1 year ago.....Change last year
France...............50.4.........55.9................ -9.8%
Germany............46.9..........60..................- 21.8%
Ireland.................51..........62.6..................-18.5%
Italy....................49.6.........59.1..................-16.1%
Spain.................50.5......... 60.6..................-16.7%
UK.....................49.6..........54.8....................-9.5%

[Chelseafan]

10 hours ago, Chomper Higgot said:

Which won’t save you from the idiot who’s now in Number 10.

Let's face it, she only got in because the Tory faithful wouldnt vote for an asian PM. Sunak was the much better choice..

 

 

[Mac Mickmanus]

24 minutes ago, Chelseafan said:

Let's face it, she only got in because the Tory faithful wouldnt vote for an asian PM. Sunak was the much better choice..

 

 

What is that based on ?

You are making strong allegations based on your own prejudices 

[Chomper Higgot]

7 hours ago, Seppius said:

If you think what's happening in the UK is not going to happen in the EU (it already is) and the rest of the world, then you are deluded. 

What the UK unfunded tax cuts for the already wealthy, announced without an economic impact analysis or plan is going to drive other nation’s currencies into crisis?

 

 

[Chomper Higgot]

5 hours ago, Mac Mickmanus said:

The Tories are handling the current situation rather well compared to other E.U Countries (I know , no need to point it out) Most dont know their PMI from their elbow , but if we're doing bad the rate of decline elsewhere is pretty clear , Germany dropping the quickest 

Purchasing Managers Index (leading indicator of economy):-
Countries........Latest......1 year ago.....Change last year
France...............50.4.........55.9................ -9.8%
Germany............46.9..........60..................- 21.8%
Ireland.................51..........62.6..................-18.5%
Italy....................49.6.........59.1..................-16.1%
Spain.................50.5......... 60.6..................-16.7%
UK.....................49.6..........54.8....................-9.5%

Meaningless without a date for when this survey was last updated.

 

Please provide a date and add columns for risk to pension funds and risk of mortgage defaults and home repossessions.

 

 

[Mac Mickmanus]

10 minutes ago, Chomper Higgot said:

Meaningless without a date for when this survey was last updated.

 

Please provide a date and add columns for risk to pension funds and risk of mortgage defaults and home repossessions.

 

 

The clue was in the column heading "Latest" figures from August 2022

 

https://www.theglobaleconomy.com/rankings/pmi_composite/

[Chomper Higgot]

6 minutes ago, Mac Mickmanus said:

The clue was in the column heading "Latest" figures from August 2022

 

https://www.theglobaleconomy.com/rankings/pmi_composite/

August, that’s a month before the  PM and her hand picked Chancellor sent the economy into crisis.

 

So once again, totally irrelevant.

 

And… there was no date reference in your original post, so the clue wasn’t there was it?

 

 

 

 

Edited September 30, 2022 by Chomper Higgot

[2baht]

14 hours ago, BritManToo said:

Corporate greed is destroying our civilisation, which is why all the pension schemes (and everything else) are on the verge of collapse.

Is Robert Maxwell back?

[Chelseafan]

2 hours ago, Chomper Higgot said:

What the UK unfunded tax cuts for the already wealthy, announced without an economic impact analysis or plan is going to drive other nation’s currencies into crisis?

 

 

 

Agreed. I'm a 45% taxpayer and while I welcome more money in my pocket, it really doesn't make sense that they dropped the top tier. The Chancellor says it's "to simplify the tax bands", well it's hardly rocket science with bands of 20%, 40% and 45%.

It's a totally reckless policy and not only a loss of revenue but rewards those who can ride out a recession much easier.

 

What they should have done is move 20% to 18% and move 40% to 41% which, if my maths are correct would have been pretty much cost neutral.

 

[Chelseafan]

7 hours ago, Mac Mickmanus said:

What is that based on ?

You are making strong allegations based on your own prejudices 

It's not a pejudice, it's blatant racism....IMHO!

Please tell me how, in a time we are heading for recession that Truss was a better candidate ?

 

[Mac Mickmanus]

1 minute ago, Chelseafan said:

It's not a pejudice, it's blatant racism....IMHO!

Please tell me how, in a time we are heading for recession that Truss was a better candidate ?

 

I did mean that its you who was prejudiced by stating that Conservative party members are racist .

  

[Chelseafan]

5 minutes ago, Mac Mickmanus said:

I did mean that its you who was prejudiced by stating that Conservative party members are racist .

  

Yes, I got it first time around.

Again, how was Truss the better candidate? She wasn't by a long long way.

Am I saying that ALL Tory members are racist? of course not but you can't seriously believe that there were those who didn't want a PM with Indian heritage?

 

[Mac Mickmanus]

2 minutes ago, Chelseafan said:

Yes, I got it first time around.

Again, how was Truss the better candidate? She wasn't by a long long way.

Am I saying that ALL Tory members are racist? of course not but you can't seriously believe that there were those who didn't want a PM with Indian heritage?

 

I cannot speak on behalf of the voters and give reasons as to why they voter . You would have to find out from them 

[Road Warrior]

8 hours ago, Chelseafan said:

Let's face it, she only got in because the Tory faithful wouldnt vote for an asian PM. Sunak was the much better choice..

 

 

bring back good old  "BORIS" 

[Seppius]

"German Inflation Soars to Double Digits for First Time in Decades"

 

https://www.nytimes.com/2022/09/29/business/germany-inflation-september.html

 

10.9%

 

 

[Chomper Higgot]

7 minutes ago, Seppius said:

"German Inflation Soars to Double Digits for First Time in Decades"

 

https://www.nytimes.com/2022/09/29/business/germany-inflation-september.html

 

10.9%

 

 

Oh, look over there.

 

Nobody in the U struggling to feed themselves and their family and/or facing difficulty paying their mortgage gives a fig about the German economy.