| Gary Stevenson's channel 4 documentary 16:45 - Jul 6 with 12674 views | J2BLUE |
Being shown Wednesday at 9pm. For anyone who may not have seen anything about it.
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| Gary Stevenson's channel 4 documentary on 13:18 - Jul 8 with 989 views | SuperKieranMcKenna |
| Gary Stevenson's channel 4 documentary on 13:12 - Jul 8 by jasondozzell |
We cannot afford to keep libraries open. |
Right so that wealth tax wouldn’t fund our current fiscal gap as things stand, are we agreed? So therefore that’s a political choice, not because we don’t have a wealth tax? |  | | |
| Gary Stevenson's channel 4 documentary on 13:19 - Jul 8 with 989 views | nrb1985 |
| Gary Stevenson's channel 4 documentary on 12:59 - Jul 8 by ArnoldMoorhen |
At least, unlike that other wealth trader Farage, you have declared your financial interest.
You aren't an unbiased witness here. We all have our biases. You want to protect the right of the ultra-wealthy to hoard money, buy assets in any country they like, and your own right to earn commission from that, without any care for the consequences on the nations their wealth can corrupt, and with minimal obligation to that wider society.
I am biased, too. I was a Primary School Governor in one of the 10% poorest areas of the country during the Austerity years and saw what it did to the life chances of children who only had education as a route upwards. And by "it" I mean the impact of policies like Special Needs assessments being limited to one person school, per year.
Even during COVID the ultra-wealthy found ways to increase their share of the pie.
That sentence alone should be a shock and a wake up call. But you will say "Of course they did. That's what they do!" It's no shock to you. You know how they do it.
Because the system is rigged in their favour, and mainstream political debate largely still has its agenda set by the Ultra Wealthy, from billionaires who own the World's media companies (operating across old and new media) to the good old King who literally reads out what the democratically elected Government are going to do each session, and everyone says "Oh, that's normal!"
So far you have told us that Gary Stevenson is a bullshtter, and more than that "anyone" with financial understanding can see through him, and that he knows he is lying. But you have given no specific examples, and proved that. You have just played the man.
So I will, too.
Of course you would say that, you are one of those people who have ensured that you are alright if you help the inequality of wealth to grow. It's literally in your financial interest to besmirch Stevenson and to rubbish his ideas. And it is a threat to you if the public catches on that there are alternative ways to divide the pie up, and that we could start tomorrow. |
Have a day off you t1t.
No specific examples? I’ve literally discussed for an entire chain that his view of wealthy hoovering up assets is plainly wrong. | | | |
| Gary Stevenson's channel 4 documentary on 13:31 - Jul 8 with 931 views | nrb1985 |
| Gary Stevenson's channel 4 documentary on 12:59 - Jul 8 by ArnoldMoorhen |
At least, unlike that other wealth trader Farage, you have declared your financial interest.
You aren't an unbiased witness here. We all have our biases. You want to protect the right of the ultra-wealthy to hoard money, buy assets in any country they like, and your own right to earn commission from that, without any care for the consequences on the nations their wealth can corrupt, and with minimal obligation to that wider society.
I am biased, too. I was a Primary School Governor in one of the 10% poorest areas of the country during the Austerity years and saw what it did to the life chances of children who only had education as a route upwards. And by "it" I mean the impact of policies like Special Needs assessments being limited to one person school, per year.
Even during COVID the ultra-wealthy found ways to increase their share of the pie.
That sentence alone should be a shock and a wake up call. But you will say "Of course they did. That's what they do!" It's no shock to you. You know how they do it.
Because the system is rigged in their favour, and mainstream political debate largely still has its agenda set by the Ultra Wealthy, from billionaires who own the World's media companies (operating across old and new media) to the good old King who literally reads out what the democratically elected Government are going to do each session, and everyone says "Oh, that's normal!"
So far you have told us that Gary Stevenson is a bullshtter, and more than that "anyone" with financial understanding can see through him, and that he knows he is lying. But you have given no specific examples, and proved that. You have just played the man.
So I will, too.
Of course you would say that, you are one of those people who have ensured that you are alright if you help the inequality of wealth to grow. It's literally in your financial interest to besmirch Stevenson and to rubbish his ideas. And it is a threat to you if the public catches on that there are alternative ways to divide the pie up, and that we could start tomorrow. |
Also just fyi - when you have one liners between paragraphs like you have it’s a dead giveaway you’ve written it with AI.
Might help you going forward. | | | |
| Gary Stevenson's channel 4 documentary on 13:35 - Jul 8 with 918 views | ArnoldMoorhen |
| Gary Stevenson's channel 4 documentary on 13:10 - Jul 8 by SuperKieranMcKenna |
That would work out at $1 per week for every American- how can you call that transformative? That was my point, not a morale one. A UK wealth tax as you have outlined would raise around $24bn p.a, it would cover only a fifth of our debt servicing, and equate to less than 0.1pc of our norminal debt. So no these aren’t big numbers at all in a nation of 70m people and 3trn GDP (and deteriorating ratio of working tax payers).
Again, no issue with pushing the debate, but to pretend this is going to materially improve people’s lives is pretty fanciful. |
Social Investment of $1 per person per week can be transformative, although please note that I said "transformative in so many areas of the USA", not "the whole USA".
In the UK £16 Billion per year (roughly $20 Billion) per year would more than sort out the Social Care funding gap, which is seen as one of the biggest challenges facing our society, and leave room to restore the Libraries and Early Years, Children's and Youth Services closed during Austerity. And then some.
https://www.local.gov.uk/about | | | |
| Gary Stevenson's channel 4 documentary on 13:40 - Jul 8 with 901 views | jasondozzell |
| Gary Stevenson's channel 4 documentary on 13:18 - Jul 8 by SuperKieranMcKenna |
Right so that wealth tax wouldn’t fund our current fiscal gap as things stand, are we agreed? So therefore that’s a political choice, not because we don’t have a wealth tax? |
Tax wealth. Why is the idea so hideous? [Post edited 8 Jul 13:41]
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| Gary Stevenson's channel 4 documentary on 13:40 - Jul 8 with 899 views | ArnoldMoorhen |
| Gary Stevenson's channel 4 documentary on 13:31 - Jul 8 by nrb1985 |
Also just fyi - when you have one liners between paragraphs like you have it’s a dead giveaway you’ve written it with AI.
Might help you going forward. |
Wrote it all myself. Bless you. | | | |
| Gary Stevenson's channel 4 documentary on 13:49 - Jul 8 with 862 views | nrb1985 |
| Gary Stevenson's channel 4 documentary on 13:40 - Jul 8 by ArnoldMoorhen |
Wrote it all myself. Bless you. |
No you didn’t Gary. | | | |
| Gary Stevenson's channel 4 documentary on 13:56 - Jul 8 with 831 views | SuperKieranMcKenna |
| Gary Stevenson's channel 4 documentary on 13:35 - Jul 8 by ArnoldMoorhen |
Social Investment of $1 per person per week can be transformative, although please note that I said "transformative in so many areas of the USA", not "the whole USA".
In the UK £16 Billion per year (roughly $20 Billion) per year would more than sort out the Social Care funding gap, which is seen as one of the biggest challenges facing our society, and leave room to restore the Libraries and Early Years, Children's and Youth Services closed during Austerity. And then some.
https://www.local.gov.uk/about |
That’s based on the assumption that the receipts would be spent, as per the numbers I outlined in my earlier post, such revenues wouldn’t even cover the fiscal deficit. A wealth tax would simply be sucked up into that given the dreadful state of UK finances. That’s the part people here seem to be struggling with, if the government were not concerned about our national debt and fiscal deficit then any of the things you outline could be paid for now.
We have 3trn of debt and over 100bn spent on interest alone each year, £20bn is neither here nor there. As other people have acknowledged the demographic crisis is THE single biggest impact on the worsening state of our public services and economy. | | | |
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| Gary Stevenson's channel 4 documentary on 13:58 - Jul 8 with 828 views | ArnoldMoorhen |
| Gary Stevenson's channel 4 documentary on 13:16 - Jul 8 by nrb1985 |
Well done for making a largely irrelevant contribution to this debate - Given we aren’t discussing London’s idiosyncratic housing market but a supposed scarcity of assets because rich people are apparently taking them all.
But I’ll indulge you and ask how much of that you think has to do with wealthy people hoovering up assets vs things like:
a) planning restraints
b) lack of rent controls
c) the fact that so many people want to live in london vs elsewhere which puts a stupid amount of pressure on housing
d) zero interest rates for 15 years
e) right to buy
f) vast amounts of immigration to support deteriorating demographics |
The relevance is that Stevenson is specifically talking about inequality, and by describing a Zone 3 family home as "normal" it demonstrates that you have very little understanding of how the majority of British society lives.
You, and your paymasters, don't want us to talk about wealth inequality. That's your role here, we understand that. Protecting the wealthy. But you let your, utterly wrong, assumptions about what normal is, shine through.
Of course all of those factors have led to Britain's over-heated property market, and, of course, the solution is Social Housing on a massive scale.
But how to pay for it?
Stevenson, and others, are arguing that those who have made a disproportionate amount of wealth should make a disproportionately large contribution.
You don't want that to happen, because you fear that it will lead to Capital Flight, but you probably don't need to worry as very few people will watch the Channel 4 documentary in comparison with all the "Lifestyles of the Rich and Famous" stuff like "Made in Chelsea", "Real Housewives of..." or "Trooping the Colour", making the very rich and Ultra Rich glamorous and relatable. | | | |
| Gary Stevenson's channel 4 documentary on 14:03 - Jul 8 with 817 views | ArnoldMoorhen |
| Gary Stevenson's channel 4 documentary on 13:49 - Jul 8 by nrb1985 |
No you didn’t Gary. |
Yes, I did.
Left wingers have been writing pamphlets and broadsides since the Trades Union movement first started reading rooms. Some of us even have degrees, you know?
And that is why the Ultra Rich, and their servants like you, want the libraries closed and State Education poorly funded.
You, in contrast, have resorted to name calling and bluster. I'm in no doubt that you wrote it all yourself. | | | |
| Gary Stevenson's channel 4 documentary on 14:06 - Jul 8 with 787 views | SuperKieranMcKenna |
| Gary Stevenson's channel 4 documentary on 13:40 - Jul 8 by jasondozzell |
Tax wealth. Why is the idea so hideous? [Post edited 8 Jul 13:41]
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It isn’t, which is why I have said a painful number of times I don’t object to it.
Why is it so challenging to you, I’ve said throughout the whole thread that there is a moral right to tax wealth MORE. I’ve always been pro bringing passive income in line with income tax. Similarly how many wagging their finger in here are self employed playing less tax and NI than teachers and nurses.
But you seem to struggle with the concept of numbers, the point being ~£20bn being a fairly trivial amount that doesn’t even cover the difference between tax receipts and spending, let alone impact our national debt, it wouldn’t therefore even be spent (if it was, then we could fund those things now as it’s an irrelevant amount - smaller than Labour’s ‘black hole’).
Reform of pensions is far more meaningful to improve the country given the demographic time bomb that’s coming. Again complex issues, that GS wilfully ignores. | | | |
| Gary Stevenson's channel 4 documentary on 14:07 - Jul 8 with 775 views | ArnoldMoorhen |
| Gary Stevenson's channel 4 documentary on 13:19 - Jul 8 by nrb1985 |
Have a day off you t1t.
No specific examples? I’ve literally discussed for an entire chain that his view of wealthy hoovering up assets is plainly wrong. |
But you haven't given specific examples of something that he has said that you believe is wrong and then demonstrated that it is.
You have just repeatedly asserted your opinion that it is wrong, and then tried to use your credentials as a wealth manager for the ultra wealthy to "prove" it.
And I have pointed out that an alternative reading of the above is that "You would say that wouldn't you? You're biased!"
We are all biased. | | | |
| Gary Stevenson's channel 4 documentary on 14:09 - Jul 8 with 769 views | grow_our_own |
| Gary Stevenson's channel 4 documentary on 12:19 - Jul 8 by ArnoldMoorhen |
A 2% annual wealth tax on Elon Musk alone would generate $20 billion.
A year.
That could be transformative in so many areas of the USA.
We don't have anyone as rich in the UK, but take an Annual Wealth Tax of 2% of the combined wealth of everyone who owns over £10 million and you are talking about billions.
Think of the libraries closed under austerity "because there was no alternative". Think of the Youth Services hollowed out across the country, and the subsequent rise of young people being coerced into County Lines gangs.
Even think about what the money could do to improve Border Force and Immigration and to put an end to people smuggling across the Channel.
Or maybe fulfill Nigel's £350 million extra to the NHS promise?
He is putting forward the alternative view to Gove and co and their politically motivated austerity agenda, which only saw the rich get richer and the poor get poorer.
Simply resetting the discussion around obscene wealth, and the social obligations that go with it, is enough on its own.
Whether you like him personally or not, these are things that need to be central to the political debate in this country, and at least he might move this particular Overton window a little. |
Might not even raise billions. Rich are the most mobile. The most capable of avoiding a blanket % tax on their assets.
Even if there wouldn't be a massive tax gap, a wealth tax of 2% > 10m assets would still only raise just over 2% of our tax take. Gary talks about it as if it'll mean we can all go on UBI if this policy was implemented. It's nonsense.
Are valid, workable wealth taxes that can be enacted. But % of total wealth is populist guff. [Post edited 8 Jul 14:11]
| | | |
| Gary Stevenson's channel 4 documentary on 14:13 - Jul 8 with 744 views | jasondozzell |
| Gary Stevenson's channel 4 documentary on 14:06 - Jul 8 by SuperKieranMcKenna |
It isn’t, which is why I have said a painful number of times I don’t object to it.
Why is it so challenging to you, I’ve said throughout the whole thread that there is a moral right to tax wealth MORE. I’ve always been pro bringing passive income in line with income tax. Similarly how many wagging their finger in here are self employed playing less tax and NI than teachers and nurses.
But you seem to struggle with the concept of numbers, the point being ~£20bn being a fairly trivial amount that doesn’t even cover the difference between tax receipts and spending, let alone impact our national debt, it wouldn’t therefore even be spent (if it was, then we could fund those things now as it’s an irrelevant amount - smaller than Labour’s ‘black hole’).
Reform of pensions is far more meaningful to improve the country given the demographic time bomb that’s coming. Again complex issues, that GS wilfully ignores. |
Of course it could be spent.
We managed it on 1945. We can do it now.
And I don't disagree about reforming pensions.
But Gary is right.
If we don't tax wealth things are going to get worse and worse. | | | |
| Gary Stevenson's channel 4 documentary on 14:14 - Jul 8 with 725 views | jasondozzell |
| Gary Stevenson's channel 4 documentary on 14:09 - Jul 8 by grow_our_own |
Might not even raise billions. Rich are the most mobile. The most capable of avoiding a blanket % tax on their assets.
Even if there wouldn't be a massive tax gap, a wealth tax of 2% > 10m assets would still only raise just over 2% of our tax take. Gary talks about it as if it'll mean we can all go on UBI if this policy was implemented. It's nonsense.
Are valid, workable wealth taxes that can be enacted. But % of total wealth is populist guff. [Post edited 8 Jul 14:11]
|
Read this.
https://www.theguardian.com/co | | | |
| Gary Stevenson's channel 4 documentary on 14:30 - Jul 8 with 665 views | SuperKieranMcKenna |
| Gary Stevenson's channel 4 documentary on 14:13 - Jul 8 by jasondozzell |
Of course it could be spent.
We managed it on 1945. We can do it now.
And I don't disagree about reforming pensions.
But Gary is right.
If we don't tax wealth things are going to get worse and worse. |
I’m not really surprised you don’t agree on pension reform because you don’t seem to understand complexities. Denmark and Sweden have vastly reformed their pensions, have incredible public services and (particularly Denmark a very healthy debt to gdp ratio). Unfunded state pensions are archaic and completely unfair for the young to be funding. Have a read and understand why the demographic shift is killing Europe’s prosperity:
https://www.economist.com/lead | | | |
| Gary Stevenson's channel 4 documentary on 14:32 - Jul 8 with 657 views | nrb1985 |
| Gary Stevenson's channel 4 documentary on 14:07 - Jul 8 by ArnoldMoorhen |
But you haven't given specific examples of something that he has said that you believe is wrong and then demonstrated that it is.
You have just repeatedly asserted your opinion that it is wrong, and then tried to use your credentials as a wealth manager for the ultra wealthy to "prove" it.
And I have pointed out that an alternative reading of the above is that "You would say that wouldn't you? You're biased!"
We are all biased. |
Christ almighty.
I will go very slowly on this for you, so even you can understand:
- Financial assets (global equities just as an example) post covid have gone up +14% pa since covid.
- Inflation has averaged, in the UK, 5.2% pa
- Wage growth, in the same time frame, has averaged 3.5% pa
- Therefore, you have negative real wage growth for the average person of -1.7% pa, meanwhile, financial assets have gone up 120-170% over the same time frame, depending on your currency of choice.
Are you really going to suggest that you don't believe the above explains the vast majority of the growing wealth inequality in the UK or why the top couple of % now own so much more than than the rest?
Now, over to you - here's your big chance, so pop your big boy pants on and tell me and the rest of the board - if you don't believe my figures explain the majority of growing wealth inequality - what assets are the wealthy hoovering up and hoarding to the extent you or I can't buy them?
Gary talks about this all the time so he must have given you loads and loads of examples I assume? So give us a few. [Post edited 8 Jul 14:35]
| | | |
| Gary Stevenson's channel 4 documentary on 14:34 - Jul 8 with 634 views | SuperKieranMcKenna |
| Gary Stevenson's channel 4 documentary on 14:13 - Jul 8 by jasondozzell |
Of course it could be spent.
We managed it on 1945. We can do it now.
And I don't disagree about reforming pensions.
But Gary is right.
If we don't tax wealth things are going to get worse and worse. |
In 1945 we had a far higher ratio of tax payers so we were able to repay the borrowing.
There is a close to zero prospect of us repaying the equivalent debt now with such a high fiscal gap, which is why borrowing costs are so high (and even higher than our peers in Europe who are backed by the ECB). | | | |
| Gary Stevenson's channel 4 documentary on 14:39 - Jul 8 with 616 views | nrb1985 |
| Gary Stevenson's channel 4 documentary on 13:58 - Jul 8 by ArnoldMoorhen |
The relevance is that Stevenson is specifically talking about inequality, and by describing a Zone 3 family home as "normal" it demonstrates that you have very little understanding of how the majority of British society lives.
You, and your paymasters, don't want us to talk about wealth inequality. That's your role here, we understand that. Protecting the wealthy. But you let your, utterly wrong, assumptions about what normal is, shine through.
Of course all of those factors have led to Britain's over-heated property market, and, of course, the solution is Social Housing on a massive scale.
But how to pay for it?
Stevenson, and others, are arguing that those who have made a disproportionate amount of wealth should make a disproportionately large contribution.
You don't want that to happen, because you fear that it will lead to Capital Flight, but you probably don't need to worry as very few people will watch the Channel 4 documentary in comparison with all the "Lifestyles of the Rich and Famous" stuff like "Made in Chelsea", "Real Housewives of..." or "Trooping the Colour", making the very rich and Ultra Rich glamorous and relatable. |
"You, and your paymasters, don't want us to talk about wealth inequality"
LOLOLOLOLOLOLOLOLOLOLOLOLOL.
Read the thread you absolute Muppet. I've pointed out several times there is growing wealth inequality and pushed back on those who said there isn't!!!
You're coming across as moron mate. [Post edited 8 Jul 14:40]
| | | |
| Gary Stevenson's channel 4 documentary on 14:47 - Jul 8 with 589 views | jasondozzell |
| Gary Stevenson's channel 4 documentary on 14:32 - Jul 8 by nrb1985 |
Christ almighty.
I will go very slowly on this for you, so even you can understand:
- Financial assets (global equities just as an example) post covid have gone up +14% pa since covid.
- Inflation has averaged, in the UK, 5.2% pa
- Wage growth, in the same time frame, has averaged 3.5% pa
- Therefore, you have negative real wage growth for the average person of -1.7% pa, meanwhile, financial assets have gone up 120-170% over the same time frame, depending on your currency of choice.
Are you really going to suggest that you don't believe the above explains the vast majority of the growing wealth inequality in the UK or why the top couple of % now own so much more than than the rest?
Now, over to you - here's your big chance, so pop your big boy pants on and tell me and the rest of the board - if you don't believe my figures explain the majority of growing wealth inequality - what assets are the wealthy hoovering up and hoarding to the extent you or I can't buy them?
Gary talks about this all the time so he must have given you loads and loads of examples I assume? So give us a few. [Post edited 8 Jul 14:35]
|
BlackRock are buying UK housing stock.
https://www.footforwardpropert | | | |
| Gary Stevenson's channel 4 documentary on 14:50 - Jul 8 with 562 views | nrb1985 |
You may wish to do some fact checking on this. | | | |
| Gary Stevenson's channel 4 documentary on 14:51 - Jul 8 with 559 views | itfcjoe |
| Gary Stevenson's channel 4 documentary on 14:32 - Jul 8 by nrb1985 |
Christ almighty.
I will go very slowly on this for you, so even you can understand:
- Financial assets (global equities just as an example) post covid have gone up +14% pa since covid.
- Inflation has averaged, in the UK, 5.2% pa
- Wage growth, in the same time frame, has averaged 3.5% pa
- Therefore, you have negative real wage growth for the average person of -1.7% pa, meanwhile, financial assets have gone up 120-170% over the same time frame, depending on your currency of choice.
Are you really going to suggest that you don't believe the above explains the vast majority of the growing wealth inequality in the UK or why the top couple of % now own so much more than than the rest?
Now, over to you - here's your big chance, so pop your big boy pants on and tell me and the rest of the board - if you don't believe my figures explain the majority of growing wealth inequality - what assets are the wealthy hoovering up and hoarding to the extent you or I can't buy them?
Gary talks about this all the time so he must have given you loads and loads of examples I assume? So give us a few. [Post edited 8 Jul 14:35]
|
Surely things like buying up commercial property, is pushing an inflation rise, whilst the asset increases in price?
i.e. if they own the building Tesco's are in and put the rent up that is passed on and pushes up inflation |  |
| |
| Gary Stevenson's channel 4 documentary on 15:02 - Jul 8 with 535 views | nrb1985 |
| Gary Stevenson's channel 4 documentary on 14:51 - Jul 8 by itfcjoe |
Surely things like buying up commercial property, is pushing an inflation rise, whilst the asset increases in price?
i.e. if they own the building Tesco's are in and put the rent up that is passed on and pushes up inflation |
UK Commercial Real Estate prices have basically been in the toilet since Brexit. So not much sign of excess demand there - but rents going up in line with inflation is nothing new, and has always been the case I would imagine.
Important to note, I would assume most sites of that size, that can house Tesco etc, I would assume are owned by companies not individuals.
If you're noticing that groceries are up since covid though, I could point to;
- Weak pound making overseas goods more expensive.
- Staff costs moving higher (3.5% pa as we discussed).
- New national insurance ruling.
- Supply chains being decimated in covid.
- Higher energy bills that make shipping more expensive.
In short, all the input costs have gone up, mostly due to exogenous shocks like covid, Ukraine, Iran - that's before we even get to the extreme weather... | | | |
| Gary Stevenson's channel 4 documentary on 15:19 - Jul 8 with 505 views | lowhouseblue |
| Gary Stevenson's channel 4 documentary on 14:32 - Jul 8 by nrb1985 |
Christ almighty.
I will go very slowly on this for you, so even you can understand:
- Financial assets (global equities just as an example) post covid have gone up +14% pa since covid.
- Inflation has averaged, in the UK, 5.2% pa
- Wage growth, in the same time frame, has averaged 3.5% pa
- Therefore, you have negative real wage growth for the average person of -1.7% pa, meanwhile, financial assets have gone up 120-170% over the same time frame, depending on your currency of choice.
Are you really going to suggest that you don't believe the above explains the vast majority of the growing wealth inequality in the UK or why the top couple of % now own so much more than than the rest?
Now, over to you - here's your big chance, so pop your big boy pants on and tell me and the rest of the board - if you don't believe my figures explain the majority of growing wealth inequality - what assets are the wealthy hoovering up and hoarding to the extent you or I can't buy them?
Gary talks about this all the time so he must have given you loads and loads of examples I assume? So give us a few. [Post edited 8 Jul 14:35]
|
"Therefore, you have negative real wage growth for the average person of -1.7% pa"
that's definitely not correct. between jan 2020 and apr 2026 total real earnings (using ons data and deflated by cpih) rose by 5.33%.
that's not a big number, but it's very different from -1.7% pa. |  |
| And so as the loose-bowelled pigeon of time swoops low over the unsuspecting tourist of destiny, and the flatulent skunk of fate wanders into the air-conditioning system of eternity, I notice it's the end of the show |
| |
| Gary Stevenson's channel 4 documentary on 15:25 - Jul 8 with 495 views | nrb1985 |
| Gary Stevenson's channel 4 documentary on 15:19 - Jul 8 by lowhouseblue |
"Therefore, you have negative real wage growth for the average person of -1.7% pa"
that's definitely not correct. between jan 2020 and apr 2026 total real earnings (using ons data and deflated by cpih) rose by 5.33%.
that's not a big number, but it's very different from -1.7% pa. |
It depends on what measure you use - most industry people will look at average hourly earnings minus CPI.
I don’t believe you’re going to find anybody on this board who feels 5.12% better off in the last 6 years… | | | |
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