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That's right, All this pain and still 7.9%. Who knew that electing morons and voting for brexit to smash the system might have consequences?

joe__f 3y ago
They're not morons they know what they're doing, high inflation isn't harming rich people
- LatteLazy 3y ago
  Or fat boomers sat on unearned index linked pensions and houses they didn't pay for...
- helveticar 3y ago
  The morons were doing the electing.
  - joe__f 3y ago
    Conservative members voting in Liz Truss?
    - LatteLazy 3y ago
      Bojo the clown and Brexit being the two main examples. Liz and Rishi are just the dregs of the barrel.
      - joe__f 3y ago
        My observation was that the rest of our recent prime ministers including Johnson appear quite calculated, making promises to the masses while doing what they can to allow wealth inequality to increase. Truss genuinely seemed to have no idea.
dankboys 3y ago
Unlimited migration from Schengen depressed UK wages, a lot of the people you're deriding had no chance to do skilled work and had to compete against people willing to work for pittance because it was more than in RO/BG. (The fact that the government has replaced that with cheap labour from outside the EU doesn't help)
- LatteLazy 3y ago
  Weird how the places (and demographic groups) with any actual immigration voted remain. And how we were never on Schengen. And how we are still unable to control our immigration. The truth is none of the main "reasons" Brexit voters claimed to be motivated by (free trade, sovereignty or immigration) actually matched any facts. So either brexiteers we're really really stupid. Or they were lying about their reasons. And given the total lack of affect of any facts on people's intention to vote leave, it sort of has to be the second right?
  - NoRelToEmber 3y ago
    > Weird how the places (and demographic groups) with any actual immigration voted remain. This sounds like interesting analysis - do you have a link? > And how we are still unable to control our immigration. You mean unwilling, and the "we" being politicians.
    - kingkongjaffa 3y ago
      https://www.bbc.co.uk/news/uk-politics-36616028 https://www.bbc.co.uk/news/uk-politics-36616028 https://en.wikipedia.org/wiki/Results_of_the_2016_United_Kingdom_European_Union_membership_referendum https://en.wikipedia.org/wiki/Results_of_the_2016_United_Kin... Percent of votes [b] City Remain Leave Edinburgh 74.4% 25.6% Brighton & Hove 68.6% 31.4% Glasgow 66.6% 33.4% Bristol 61.7% 38.3% Aberdeen 61.1% 38.9% Manchester 60.4% 39.6% Cardiff 60.0% 40.0% greater Belfast 59.9% 40.1% Greater London 59.9% 40.1% Liverpool 58.2% 41.8% York 58.0% 42.0% Leicester 51.1% 48.9% Newcastle upon Tyne 50.7% 49.3% Leeds 50.3% 49.7% -------------------------- Birmingham 49.6% 50.4% Nottingham 49.2% 50.8% Sheffield 49.0% 51.0% Swansea 48.5% 51.5% Southampton 46.2% 53.8% Bradford 45.8% 54.2% Coventry 44.4% 55.6% Salford 43.2% 56.8% Derby 42.8% 57.2% Portsmouth 41.9% 58.1% Plymouth 40.1% 59.9% Sunderland 38.7% 61.3% Wolverhampton 37.4% 62.6% Wakefield 33.6% 66.4% Kingston upon Hull 32.4% 67.6% Stoke-on-Trent 30.6% 69.4%
dagaci 3y ago
When the worldwide supply of goods and services becomes scarcer, and the lower and middle classes have too much money. Then the middle and lower classes create inflation for the things they buy. Tackling inflation isn’t even the job of the actual politicians you elect, it is entirely the job of the Central Bank, which is independent of the politicians you elect. Power was ceded to the banking system quite a long time ago, because politicians didn’t trust themselves. https://www.statista.com/statistics/1311945/uk-inflation-rate-central-bank-interest-rate-monthly/ https://www.statista.com/statistics/1311945/uk-inflation-rat... If you look at this excellent chart, it appears the UK central bank allowed inflation to grow for a year before it started tackling it. An earlier intervention would have meant lesser pain now.
- hulitu 3y ago
  > Tackling inflation isn’t even the job of the actual politicians you elect, it is entirely the job of the Central Bank, which is independent of the politicians you elect Except whe the inflation was created by the policies put in place by politicians, where the Central bank does not have much influence.
jfengel 3y ago
Especially since inflation should have been a self-solving problem. There were shocks to the system (Brexit, oil, Ukraine) that raised prices, but they should have priced in quickly. The government claimed last year to get inflation under 8% in 6 months, which was a trivial claim -- and they still failed.

joe__f 3y ago

They're not morons they know what they're doing, high inflation isn't harming rich people

LatteLazy 3y ago
Or fat boomers sat on unearned index linked pensions and houses they didn't pay for...
helveticar 3y ago
The morons were doing the electing.
- joe__f 3y ago
  Conservative members voting in Liz Truss?
  - LatteLazy 3y ago
    Bojo the clown and Brexit being the two main examples. Liz and Rishi are just the dregs of the barrel.
    - joe__f 3y ago
      My observation was that the rest of our recent prime ministers including Johnson appear quite calculated, making promises to the masses while doing what they can to allow wealth inequality to increase. Truss genuinely seemed to have no idea.

dankboys 3y ago

Unlimited migration from Schengen depressed UK wages, a lot of the people you're deriding had no chance to do skilled work and had to compete against people willing to work for pittance because it was more than in RO/BG. (The fact that the government has replaced that with cheap labour from outside the EU doesn't help)

LatteLazy 3y ago
Weird how the places (and demographic groups) with any actual immigration voted remain. And how we were never on Schengen. And how we are still unable to control our immigration. The truth is none of the main "reasons" Brexit voters claimed to be motivated by (free trade, sovereignty or immigration) actually matched any facts. So either brexiteers we're really really stupid. Or they were lying about their reasons. And given the total lack of affect of any facts on people's intention to vote leave, it sort of has to be the second right?
- NoRelToEmber 3y ago
  > Weird how the places (and demographic groups) with any actual immigration voted remain. This sounds like interesting analysis - do you have a link? > And how we are still unable to control our immigration. You mean unwilling, and the "we" being politicians.
  - kingkongjaffa 3y ago
    https://www.bbc.co.uk/news/uk-politics-36616028 https://www.bbc.co.uk/news/uk-politics-36616028 https://en.wikipedia.org/wiki/Results_of_the_2016_United_Kingdom_European_Union_membership_referendum https://en.wikipedia.org/wiki/Results_of_the_2016_United_Kin... Percent of votes [b] City Remain Leave Edinburgh 74.4% 25.6% Brighton & Hove 68.6% 31.4% Glasgow 66.6% 33.4% Bristol 61.7% 38.3% Aberdeen 61.1% 38.9% Manchester 60.4% 39.6% Cardiff 60.0% 40.0% greater Belfast 59.9% 40.1% Greater London 59.9% 40.1% Liverpool 58.2% 41.8% York 58.0% 42.0% Leicester 51.1% 48.9% Newcastle upon Tyne 50.7% 49.3% Leeds 50.3% 49.7% -------------------------- Birmingham 49.6% 50.4% Nottingham 49.2% 50.8% Sheffield 49.0% 51.0% Swansea 48.5% 51.5% Southampton 46.2% 53.8% Bradford 45.8% 54.2% Coventry 44.4% 55.6% Salford 43.2% 56.8% Derby 42.8% 57.2% Portsmouth 41.9% 58.1% Plymouth 40.1% 59.9% Sunderland 38.7% 61.3% Wolverhampton 37.4% 62.6% Wakefield 33.6% 66.4% Kingston upon Hull 32.4% 67.6% Stoke-on-Trent 30.6% 69.4%

dagaci 3y ago

When the worldwide supply of goods and services becomes scarcer, and the lower and middle classes have too much money. Then the middle and lower classes create inflation for the things they buy. Tackling inflation isn’t even the job of the actual politicians you elect, it is entirely the job of the Central Bank, which is independent of the politicians you elect. Power was ceded to the banking system quite a long time ago, because politicians didn’t trust themselves. https://www.statista.com/statistics/1311945/uk-inflation-rate-central-bank-interest-rate-monthly/ https://www.statista.com/statistics/1311945/uk-inflation-rat... If you look at this excellent chart, it appears the UK central bank allowed inflation to grow for a year before it started tackling it. An earlier intervention would have meant lesser pain now.

hulitu 3y ago
> Tackling inflation isn’t even the job of the actual politicians you elect, it is entirely the job of the Central Bank, which is independent of the politicians you elect Except whe the inflation was created by the policies put in place by politicians, where the Central bank does not have much influence.

jfengel 3y ago

Especially since inflation should have been a self-solving problem. There were shocks to the system (Brexit, oil, Ukraine) that raised prices, but they should have priced in quickly. The government claimed last year to get inflation under 8% in 6 months, which was a trivial claim -- and they still failed.