State Pension Affordability

[Protagoras]

What we need now is "In place of Strife" and the Prices & Incomes Board back again. .

Wasn't it the Prices & Incomes Board that gave rise to the perk of the company car?

I think I read within the last few days that the government was looking to regulate the price of grocery essentials. Yep, that'll work with no unintended consequences.

[willendure]

Reckon we are heading back to a similar financial situation as the 70s. With the Iran oil shocks, I mean. This has barely gotten started, unless Trump manages to pull off a deal or a wildly succesful military option to take back control of Hormuz, and I don't assign a high probability to either outcome.

USA might even prefer to have Hormuz closed for some time to weaken their strategic rivals and keep Europe in line.

2007 - oil went to $100 and there was too much debt. Sounds very familiar...

[woody1]

USA might even prefer to have Hormuz closed for some time to weaken their strategic rivals and keep Europe in line.

That would be a dangerous game on the home front. Prolonged high petrol prices, rising inflation, higher interest rates, worsening cost of living might not go down too well with the American public. Even the MAGA lot may start to turn against Trump, and Republicans could pay a heavy price in the midterms.

You mentioned 2007. Trump & Co should watch out that their Iran adventure doesn't trigger another big one.

[malvolio]

Reckon we are heading back to a similar financial situation as the 70s. With the Iran oil shocks, I mean. This has barely gotten started, unless Trump manages to pull off a deal or a wildly succesful military option to take back control of Hormuz, and I don't assign a high probability to either outcome.

USA might even prefer to have Hormuz closed for some time to weaken their strategic rivals and keep Europe in line.

2007 - oil went to $100 and there was too much debt. Sounds very familiar...

There's a lot more than oil coming through Hormuz, fertilisers being a major one. And America uses a lot of fertiliser...