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Bank of England Base rate & other news

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    Originally posted by SueEllen View Post

    We need more young people to immigrate to the UK but then when they get between 40-50 we want them to immigrate somewhere else/go back to their home country. Yes we do need to house them but if they aren't going to be here permanently then they are the people who will more likely live in house/flat shares rather than live in a 3-4 bed house on their own.

    Like many developed countries we have a demographic problem where we don't have enough young working age people but have lots of older people who require lots of health and social care resource, and are more likely to live on their own in housing that is unsuitable for their needs.
    What we need is a population that can pay for itself, as per the story the other day that means high earners. If we don't then all the social niceties like care homes, hospitals, low crime will disappear over the next few decades.

    We can't start deporting people we effectively invited here when we are done using them, even the Home office & Tories screwed up Windrush by incompetence not design. If we want to issue 5 year work permits for highly skilled migrants and encourage skill exchange that could work.

    Even if they are only here for a few years we still need somewhere for them to live we have 10 million more people and nowhere enough dwellings for them. Anyway why should a Doctor or a nurse sleep on a mattress on the floor so you can get cheap health care - it works the same for care workers, they have a right to decent accommodation and if they wish their family with them.

    Plenty of older people can work longer and by activity prolong their health. Both my father & father in law worked into their seventies by choice. Many friends are working into their seventies as painter decorators, builders, IT experts. I have every intention to continue my career into my sixties & seventies part time so I can enjoy the challenge and wait for my young wife to catch up with me in retirement.

    Seems our young are not as strong as they once were.

    https://www.ons.gov.uk/employmentand...ess/2022-11-10

    However, the biggest relative increase was seen among those aged 25 to 34 years, who made up 11% of those inactive because of long-term sickness in April to June 2019, and 14% in the same period in 2022 (97,000 more). Of these, nearly 60,000 (61%) were men.

    The rise for this age group has been more pronounced since the start of the pandemic (3% between 2019 and 2020, 12% between 2020 and 2021, and 22% between 2021 and 2022). However, for those aged 50 to 64 years, increases in inactivity because of long-term sickness began before the pandemic hit, but have increased again in the last year (5% between 2019 and 2020, 2% between 2020 and 2021, and 8% between 2021 and 2022).
    I keep mentioning Automation as this will change the calculation in a large way. Rather than import cheap labour that we have to subsidise, so lets automate.

    If we can't automate (the big companies already are :- Kiosks to take orders, robots to replace burger flippers, delivery drones, robotic care assistants etc) then we will subsidise it via working tax credit as the number of low skilled jobs shrink and pay falls.

    Also most people are fine with high monetary value migrants but our lack management means many are cheap labour or criminals. Not all, but a surprising number are.

    If you want to allow Doctors, Nurses, Architects to come there is a points system but most immigrants have not come via that route.

    The Asylum system is being horrifically abused and a large percentage of 'Asylum seekers' have not only come via safe first world countries who would refuse their application but also are actually from safe countries.

    The family reunification route is driving health issues with cousins marrying their first cousins and a raise in preventable disability normally seen in medieval Royal families.


    The reason many old people live in 3-4 bedroom houses 'unsuitable for their needs' is that they bought & paid for them, do they not deserve to enjoy them? Maybe consider allowing the moving of the money from the sale of a primary residence to your pension and to your estate on death?

    Alternatively they won the lottery of social housing and pay a third of the monthly value of the house like Bob Crowe or Mike Lynch subsidised by other taxpayers. If its too big they whine about paying £10 a month for a spare room.

    The reason why there is a shortage of suitable housing is multiple governments failed to build housing to accommodate an increasing population.


    Last edited by vetran; 24 January 2023, 10:51.
    Always forgive your enemies; nothing annoys them so much.

    Comment


      Originally posted by SueEllen View Post

      We need more young people to immigrate to the UK but then when they get between 40-50 we want them to immigrate somewhere else/go back to their home country. Yes we do need to house them but if they aren't going to be here permanently then they are the people who will more likely live in house/flat shares rather than live in a 3-4 bed house on their own.

      Like many developed countries we have a demographic problem where we don't have enough young working age people but have lots of older people who require lots of health and social care resource, and are more likely to live on their own in housing that is unsuitable for their needs.
      But the top paragraph won't work so we can't just keep the doors open and create an even bigger problem for us in the future. Just endlessly chucking extra people at the problem on an island nation is just heading for failure. No idea what the answer is to be fair but it isn't open door immigration.
      'CUK forum personality of 2011 - Winner - Yes really!!!!

      Comment


        What is the Bank of England looking at before rate decision?

        Am interesting report from Reuters ahead of the next BOE meeting where base rate is expected to hit 4%.

        https://www.reuters.com/markets/euro...on-2023-01-23/

        Comment


          Originally posted by northernladuk View Post

          But the top paragraph won't work so we can't just keep the doors open and create an even bigger problem for us in the future. Just endlessly chucking extra people at the problem on an island nation is just heading for failure. No idea what the answer is to be fair but it isn't open door immigration.
          Also health & crime outcomes are sadly quite different depending on ethnicity

          https://www.kingsfund.org.uk/publica...groups-england

          https://www.gov.uk/government/statis...ce-system-2020

          From those figures we are best letting in Female Asians only. They will actually improve life expectancy and the crime rate.
          Always forgive your enemies; nothing annoys them so much.

          Comment


            Originally posted by northernladuk View Post

            But the top paragraph won't work so we can't just keep the doors open and create an even bigger problem for us in the future. Just endlessly chucking extra people at the problem on an island nation is just heading for failure. No idea what the answer is to be fair but it isn't open door immigration.
            You missed out that I never stated what criteria we use to allow people into the country.
            "You’re just a bad memory who doesn’t know when to go away" JR

            Comment


              Originally posted by vetran View Post

              Also most people are fine with high monetary value migrants
              They are the last thing we want.

              A low value migrant might at least provide something useful. Shining your shoes, laundry etc.

              A high value migrant will be either taking your job or making some important service worse, a doctor with poor English, or whatever.

              The only people who want high value migrants are low value locals, communists, public sector workers, and so on.

              Comment


                Originally posted by hugebrain View Post

                They are the last thing we want.

                A low value migrant might at least provide something useful. Shining your shoes, laundry etc.

                A high value migrant will be either taking your job or making some important service worse, a doctor with poor English, or whatever.

                The only people who want high value migrants are low value locals, communists, public sector workers, and so on.
                Low economic value migrants will be displaced by automation, do keep up.

                Yours for £159 , less than a "free" Doctors appointment

                https://uk.bestreviews.guide/electri...&google_params[matchtype]=&google_params[network]=x&google_params[device]=c&google_params[creative]=&google_params[keyword]=&google_params[adposition]=&google_params[adgroupid]=&google_params[campaignid]=19351457711&bs=&google_params[feeditemid]=&google_params[targetid]=&google_params[loc_interest_ms]=&google_params[loc_physical_ms]=1006828&google_params[devicemodel]=&google_params[target]=&dest=0&sys_id=0|903&gclid=CjwKCAiAoL6eBhA3EiwAXD om5lsCAgzlSaO1I1PvCeIaGHUlYr_11xEGMpcn_Y_iZN9VgNVr 6El60hoCPL8QAvD_BwE

                or

                https://jla.com/laundry-equipment/wa.../coin-operated

                But if you want someone to do it for you they are available if you want but cost considerably more.


                Rishi Sunak's Dad was a Doctor.

                We need either to move the current population up the value chain or welcome people who want to occupy the top of the value chain.

                Currently we need Doctors & geniuses but needs will change.

                What we don't need is unskilled labour because that will always be subsidised by other taxpayers.
                Always forgive your enemies; nothing annoys them so much.

                Comment


                  what does all this xenophobic little england p1sh have to do with the base rate??

                  Comment


                    Originally posted by Martin@AS Financial View Post
                    What is the Bank of England looking at before rate decision?

                    Am interesting report from Reuters ahead of the next BOE meeting where base rate is expected to hit 4%.

                    https://www.reuters.com/markets/euro...on-2023-01-23/
                    Ah, so there is some good news in this discussion after all !

                    Comment


                      Originally posted by vetran View Post

                      that was rather what we were wondering about the BS you were peddling.
                      So you don't know either why I'm attacked for saying racists don't like coloured people?

                      Originally posted by MaryPoppins
                      I'd still not breastfeed a nazi
                      Originally posted by vetran
                      Urine is quite nourishing

                      Comment

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