That's why the second episode will be interesting. If he's all guff it won't give any clear indications of what is likely to happen.
Though it seems obvious what will happen: debasement of cash, inflation to combat debt, lower standard of living for all that earn a living, but tat will be cheaper and there's still all the celebrity/reality TV shows to keep the masses occupied.
So spend all your money on a Christmas binge, load up with debt by buying assets, and get on the benefits. It's the only sane way of surviving the coming storm. Unless you can find shelter abroad.
- Visitors can check out the Forum FAQ by clicking this link. You have to register before you can post: click the REGISTER link above to proceed. To start viewing messages, select the forum that you want to visit from the selection below. View our Forum Privacy Policy.
- Want to receive the latest contracting news and advice straight to your inbox? Sign up to the ContractorUK newsletter here. Every sign up will also be entered into a draw to WIN £100 Amazon vouchers!
Reply to: Peston
Collapse
You are not logged in or you do not have permission to access this page. This could be due to one of several reasons:
- You are not logged in. If you are already registered, fill in the form below to log in, or follow the "Sign Up" link to register a new account.
- You may not have sufficient privileges to access this page. Are you trying to edit someone else's post, access administrative features or some other privileged system?
- If you are trying to post, the administrator may have disabled your account, or it may be awaiting activation.
Logging in...
Previously on "Peston"
Collapse
-
I saw it, yes, and it came across in a convicing way, in the way that economists are quite convincing until you think about what they're saying and then realise there are so many exceptions to their theories that something must be wrong.
He was talking about European workers being paid too much and being unproductive compared to their counterparts in China and other rising economies, and that we're all too dependent on governments which are dependent on debt. All quite convincing until you realise that the European countries with the smallest debt problems and the strongest exports, who are now being called on to rescue the rest, actually have the highest wage levels, high levels of government spending and quite comprehensive social security systems.
Leave a comment:
-
Yep saw it. Interesting summary of the state of things so far.
Waiting for part 2 that hopefully will give a clear indication of what will probably happen next, and not some bulltulip 'it will be bad but everything will turn out right if you just keep spending and have faith in the politicians and bankers to sort out the mess'.
Leave a comment:
-
Peston
BBC iPlayer - The Party's Over: How the West Went Bust: Episode 1
Did anyone see this? Very interesting but seriously depressing, then there's population explosion, climate change and peak oil.
Happy days.Tags: None
- Home
- News & Features
- First Timers
- IR35 / S660 / BN66
- Employee Benefit Trusts
- Agency Workers Regulations
- MSC Legislation
- Limited Companies
- Dividends
- Umbrella Company
- VAT / Flat Rate VAT
- Job News & Guides
- Money News & Guides
- Guide to Contracts
- Successful Contracting
- Contracting Overseas
- Contractor Calculators
- MVL
- Contractor Expenses
Advertisers
Contractor Services
CUK News
- Streamline Your Retirement with iSIPP: A Solution for Contractor Pensions Sep 1 09:13
- Making the most of pension lump sums: overview for contractors Sep 1 08:36
- Umbrella company tribunal cases are opening up; are your wages subject to unlawful deductions, too? Aug 31 08:38
- Contractors, relabelling 'labour' as 'services' to appear 'fully contracted out' won't dupe IR35 inspectors Aug 31 08:30
- How often does HMRC check tax returns? Aug 30 08:27
- Work-life balance as an IT contractor: 5 top tips from a tech recruiter Aug 30 08:20
- Autumn Statement 2023 tipped to prioritise mental health, in a boost for UK workplaces Aug 29 08:33
- Final reminder for contractors to respond to the umbrella consultation (closing today) Aug 29 08:09
- Top 5 most in demand cyber security contract roles Aug 25 08:38
- Changes to the right to request flexible working are incoming, but how will contractors be affected? Aug 24 08:25
Leave a comment: