2022 mini-budget discussion

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Who built the house he lives in, plastered his walls, repairs his boiler and fixes his cars.

Those with qualifications or experience get quite well paid. The average salary of an employed plasterer, for example, is £13.75 per hour hereabouts or £27,500 per year. That's pretty good. And that's the average salary; a skilled plasterer will earn more and the person running a company of plasterers much more. One of my neighbours was the last - he employed plasterers and other trades, about 100 people in all IIRC - and was worth a mint. No, £13.75 per hour is not megabucks, but it's well above minimum wage and it's a gateway to much more. An acquaintance has a business selling slightly specialist pipes, valves, pipe fittings, and the like - humble stuff, really - and drives a Bentley, which was new when he bought it.

You should read the start of 'The Millionaire Next Door' - you wouldn't notice most millionaires.
 
Those with qualifications or experience get quite well paid. The average salary of an employed plasterer, for example, is £13.75 per hour hereabouts or £27,500 per year. That's pretty good. And that's the average salary; a skilled plasterer will earn more and the person running a company of plasterers much more. One of my neighbours was the last - he employed plasterers and other trades, about 100 people in all IIRC - and was worth a mint. No, £13.75 per hour is not megabucks, but it's well above minimum wage and it's a gateway to much more. An acquaintance has a business selling slightly specialist pipes, valves, pipe fittings, and the like - humble stuff, really - and drives a Bentley, which was new when he bought it.

You should read the start of 'The Millionaire Next Door' - you wouldn't notice most millionaires.

Yup, Doobedoo kinda shot himself in the foot with that post. A lot of Labourers in those fields easily make middle to high income. Quite a few I know have their own businesses and earn low 6-figure incomes. They all got a decent tax breaks today
 
Can someone send our chancellor a copy of economics for dummies please?

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I already said this in another thread regarding mortgage rates but...

Effectively this mini budget today will do nothing but establish trickle up economics where the lower paid population spend more on keeping their homes paid with higher interest costs and higher bills with the money ending up in the wealthiest of the population's pockets.
 
So apparently the bank of England need to ride to the rescue ..... I thought there job was to control inflation not act as a backstop for a broken government?

Kwasi and Truss gambled the country on this budget. They have already lost. By losing the confidence of the markets they have nailed on even higher inflation and even lower growth. It's absolutely catastrophically backfired.

Truss is done.
 
So apparently the bank of England need to ride to the rescue ..... I thought there job was to control inflation not act as a backstop for a broken government?


It's an absolute **** show yet the simps will still defend it and somehow see it as a positive.
 
I already said this in another thread regarding mortgage rates but...

Effectively this mini budget today will do nothing but establish trickle up economics where the lower paid population spend more on keeping their homes paid with higher interest costs and higher bills with the money ending up in the wealthiest of the population's pockets.

Yeah but the wealthy need more money.

Wait until they give MPs a pay rise in the actual budget. Due to living costs :D
 
Inflation and wage rise demands next year will be interesting once the expected 10% increase in pensions, NMW and benefits happen in April 2023 which are set off the back of Sept inflation rate... Due to be announced on 19th Oct.
 
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