How do you plan to survive the coming recession/stagflation?

[Anonymous No.51598867]

Our currency is at record low and the inflation is double digit. The tax cut is not going to compensate the depreciation of GBP. What is your plan?

We automatically get pay cuts with GBP weakening everyday. The UK is a net importer and such a weak currency is causing crazy inflation.

[Anonymous No.51598884]

>>51598867
Stiff upper lid, lad

[Anonymous No.51598949]

>>51598867
is 3.5k USD per month enough to live in the uk? (not london)

[Anonymous No.51598957]

>>51598867
I thought I'd watch housing outstrip wages and accept people telling me it's "growth" until we all drown in shit.

[Anonymous No.51598983]

>>51598949
Yes.

[Anonymous No.51599006]

>>51598983
how bad is it gonna get over there compared to the US?

[Anonymous No.51599022]

>>51598867
I dunno lad. I bought another 1oz Gold today. Moved my stocks ISA into short dated US bonds (priced in $).

Basically at this point, just get rid of your GBP when you get it.

[Anonymous No.51599050]

>>51599006
Well, the USA has the benefit of the dollar being the world reserve currency, so you can run up more debt.

The pound is getting fucked, inflation seems to be higher than everywhere else, and we have low growth.

So yeah, not great.

[Anonymous No.51599052]

>>51599006
Why would you want to move over here mate? We’re fucked. The people who run this country now are not the same people who built it. We are under occupation in the dying stages of our empire.

[Anonymous No.51599072]

>>51598867
As long as you have a 12 month emergency fund you will be fine. What that means is 12 months worth of expenses, so food, rent/mortgage, transportation, etc. Just keep it in cash or actual bonds, not bond funds, so they can only go up and aren't at risk of crashing.

[Anonymous No.51599082]

>>51598867
My plan is live with my parents and put 90% of my income into crypto. If that fails I will rope

[Anonymous No.51599103]

Fuck knows. At least we can get a proper paying contract in April now. And at least cuntoids are largely going to be out of work and looking for a man to take care of them so I'll get some puss again.
>>51599022
Based, very Weimar.

[Anonymous No.51599112]

I’m thanking my lucky stars my job is safe. I’m a quantity surveyor in the water industry, everyone fucking needs water to survive and there will always be a requirement to replace ageing infrastructure and carry out reactive repairs.

[Anonymous No.51599174]

>>51599052
I was there for a month a few years ago and had a blast. Genuinely enjoyed the people and the women. You probably never hear that, ever. If I was rich, I'd live there.

[Anonymous No.51599182]

>>51599022
for the tax-free-ness, no? isn't that ISA limited to £20K tho?

[Anonymous No.51599572]

>>51598867
Up to my eyeballs in Link. Once staking starts I'll not need to work again, ever. If it fucks up, i'm screwed. Well, I'll have a very different life than i'd hoped for.

[Anonymous No.51599604]

>>51598867
all my money is in crypto so theres not much point in giving a fuck about the pound to me. sure crypto is in a bear market too but theres still chances to make money and/or tether up so im not as affected by the pound plunging. my plan is to be out of the country within the next year, getting a mortgage in the UK right now is insane. the Queen's funeral was really a funeral for Britain

[Anonymous No.51599689]

>>51599182
>ISAs
The interest on ISAs is shit, around 2% and dwarfed by inflation.
Also, you do realise it's only the interest that's tax-free? It's not as though you can put your money in one of these without paying income or Capital Gains tax first.

[Anonymous No.51599764]

>>51599112
also in water industry.
We safu

[Anonymous No.51599795]

>>51599689
I was asking about the possible tax advantages of buying short-dated US bonds via a S&S ISA rather than buying dollars directly. But thanks for doucesplaining.

[Anonymous No.51599833]

>>51599795
Oh I wouldn't be knowing about that, Sir. I only know about the drainage in the lower fields.

[Anonymous No.51599885]

Should I store my shit in CHF

[Anonymous No.51600145]

>>51599182
>>51599795
Yes it's 20k per year contribution, tax free.

[Anonymous No.51600363]

>>51599174
What part did you visit?

[Anonymous No.51600390]

>>51598949
Comfortably. More than most people m80

[Anonymous No.51600417]

>>51599604
Housing market will have to crash at some point or there will be riots in the streets

I understand why you would want to leave though

Also bear in mind the housing market is fucked in most western countries to a greater or lesser degree

[Anonymous No.51600419]

>>51599052

[Anonymous No.51600446]

>>51600419
I didn't create this mess you spaz. The weak boomers did. I'm fighting for it but I don't understand why someone would want to move over here.

I'm optimistic going forward but Britain as it was is long gone, we will have to build something new, to some extent.

[Anonymous No.51600447]

>>51599072
>12 months emergency
We are fortunate if we can afford just 1 month
>just keep 12 months worth of expenses
Lol
>in cash
Lmfao

[Anonymous No.51600472]

>>51599604
crypto is down 53% in 6 months
gbp is down just under 30%

[Anonymous No.51600478]

>>51600446
>I'm optimistic going forward

[Anonymous No.51600501]

>>51598867
I live in the north where the only jobs are retail or public sector so I'm fucked since they'll both be the first things getting slashed

[Anonymous No.51600513]

>>51598867
By thriving at Europe's expense

[Anonymous No.51600538]

>>51600472
wow you can do math, ur a big lad aren't you

[Anonymous No.51600553]

>>51600538
I get that it's frustrating to have sat in two shit performing "assets"

[Anonymous No.51600608]

5 years ago I started turning my net worth into silver and gold. I have a crossbow that fires at 380 fps and shoot out to 50 yards regularly. I have a stock of food for my wife and kid. That's about all I can do.

[Anonymous No.51600688]

HHAAAAAHAAAAA get fucked limeys
As for me, I plan on buying the dip in this depression and living like a king in 15 years.
Your daughters will suck my seed when I'm rich and you are destitute.

[Anonymous No.51600692]

>>51599082
Hang in there, my dude
Hope it all works out for you

[Anonymous No.51600732]

Covid is still killing people we need to shut down the economy again

Think of the vulnerable and elderly

[Anonymous No.51600744]

>>51598867
I don’t.

[Anonymous No.51600746]

>>51600446
import the third world, become the third world

[Anonymous No.51600791]

Anyone else learning a new language so they can fuck off elsewhere?
If so, what?

[Anonymous No.51600836]

>>51600732
hey crypto was rather fine during the biggest parts of the lockdown

wouldn't mind that

[Anonymous No.51600887]

You have gold don't you lads?

[Anonymous No.51600935]

>>51600887
I have £29 in my current account and my credit card balance is £670. I don’t get paid until the 28th.

My only assets are my car which is worth £10,000 and my guitars worth £6500. I’m selling one of them this weekend for £2200 so at least I will be back in the black.

[Anonymous No.51601073]

>>51598867
Government will kick the can down the road again by borrowing more money. Though to be honest, I don't think we have much road left.

[Anonymous No.51601145]

>>51600935
Damn, my guitar cost £200 and I thought that was pricey!

[Anonymous No.51601160]

>>51601073
I NEED ONE MORE GREEN UPTURN

[Anonymous No.51601183]

>>51601145
If it’s a Yamaha you did good for £200.

I got fixated on Martin guitars, I have three of them. It’s a stupid indulgence, I’m not buying any more after I sell this one.

[Anonymous No.51601850]

>>51599174
i was in manchester.

[Anonymous No.51602045]

>>51598867
when I say 'britcucks' you say 'are fucked'

BRITKEKS

[Anonymous No.51602120]

>>51598949
It is now lol

[Anonymous No.51602161]

>>51600791
Before all this shut kicked off I dabbled in German and Russian.

:)

[Anonymous No.51602193]

I've been dumping every single paycheck into a mix of BUSD, USDC and USDT since November and it's been doing pretty well for me. Might buy back into pounds at some point but no time soon

[Anonymous No.51602332]

When do the King Charles v3.0 coins come out?

[Anonymous No.51602435]

>>51598867
Call on your migrants to save you. They're all doctors and lawyers by now

[Anonymous No.51602471]

>>51600472

That seems like a lot though for a currency that's supposed to stable

[Anonymous No.51602664]

>>51598867
Anyone have any reasonable way to get a remote US paying job? I've got decent degrees but my field has no obvious means to arrange that.

[Anonymous No.51602696]

>>51600791
I speak Italian because I love visiting there. But that's even worse economically.

[Anonymous No.51602756]

>>51600608
Why silver? I never got why PM cultists buy silver given its terrible history as a monetary metal. You know production can be ramped up to 15-30% of total supply per year (depending on who's figures you believe). History tells us that gold is the only viable monetary metal and even that won't be re-monetised so long as the USA exists as a going concern.

[Anonymous No.51602796]

>>51602664
What field?

[Anonymous No.51602840]

>>51599082
>>51600501
>>51600791
>>51602664
Move to Canada. We need you

[Anonymous No.51602872]

>>51602796
A pathetic nhs doc. Hate it, frankly planning to move out in some form anyway. I like medical work but hate the NHS/GMC. I'd happily stop early and just do whatever remote work today if I knew what to do.

[Anonymous No.51602909]

>>51599112
Based fellow useful Chad, thank god that idiot boomer city planners made us into compact America infrastructure wise, my family garage is safu, though I'm noticing that people are already cutting back on getting work done that's going to cause larger, more expensive, problems down the road. Plus all the old boys are retiring or dying, I think the median age of a mechanic(not an oil spinner) is early-mid 50's

[Anonymous No.51602916]

>>51599174
wtf
the people and the women are the worst thing about this country

[Anonymous No.51603122]

>>51602872
Oh not sure then. I’ve heard that’s hard because your credentials aren’t accepted here. See what remote jobs you might be able to learn. I’m looking into data science myself.

[Anonymous No.51603175]

>>51602756
Silver is what poorfags peddle because they can’t stack large quantities of gold. Same reason boomers and poorfags always gravitated towards Litecoin

[Anonymous No.51603202]

>>51602916
NTA but I met some Irish girls who seemed nice. It was shocking though, i was at a party and me and the boys were doing cocaine and drinking and smoking, and none of that bothered her, but the one girl’s boyfriend was trying to get her to hold my gun and “check it out” and she literally started to cry from fear of this inanimate object.
What the fuck do they teach Irish girls about guns? That if you just hold one it might turn around and kill you?

[Anonymous No.51603259]

>>51603175
I have a fat stack of gold i started building when it was $250/oz.
Lately I’m kinda 60/35/10 on Gold/Silver/Platinum, respectively.
Gold isn’t where it should be right now, but Silver and platinum REALLY aren’t where they should be imo.
Problem with Platinum is 1: I hate paying taxes on metals, and 2: its price is so much more dependent on its industrial use.
I’m steering clear of Palladium which I see as having already partly moved to where it should be, Moreso than gold.
Silver is a bit of a gamble but either way I can’t see not at least doubling my money within a couple of years, and possibly being able to trade it for gold if the ratio drops from 1:65 down to about 1:40 or so; it all depends on what the markets end up doing.

[Anonymous No.51603611]

>>51602916
idk man. i had fun and i banged a dozen of the women. gonna impregnate one and move over there.

[Anonymous No.51604717]

>>51603611
Why Manchester?

[Anonymous No.51606053]

>>51598867
country is broke innit

[Anonymous No.51606739]

Been sitting on 200k EUR for a couple of months now. Should I convert to USD now or will we reach at least parity short/mid term once more?

[Anonymous No.51606834]

>>51600472
'crypto' as in btc or eth sure, but like i said you still have chances to make money - im currently 5x on a particular coin over the last few weeks. and if not then at least you still had/have the chance to tether up to USD which mitigates your risk to the plunging pound sterling. one more point is that while crypto appears to be within 6 months of the bottom of its bear cycle the pound/euro still probably have a long way to fall.

[Anonymous No.51606850]

I’m just sat here patiently waiting for the housing crash that will never come

[Anonymous No.51606885]

Should have moved when brexit happened, they predicted a minimum 10 years of economic stagnation as a result of that. Now with covid bringing on inflation, and an energy crisis try tack another 10-15 on from present. Move to the American continent if you can.

[Anonymous No.51606933]

>>51598867
>DID I DOO THAAAAT?
The pound? More like an ounce. LMAO

[Anonymous No.51607015]

>>51600417
I agree a house price crash is inevitable across the west but will it crash harder than the pound and what will happen to mortgage rates? Will it even be worth living here at all in a years time? That’s why I’m looking east. It just makes little sense to me to get a mortgage in any western country now.

[Anonymous No.51607073]

why do governments suck off bankers so much? The entire point of this budget is to funnel money away from the general population and into bankers' pockets through tax relief and uncapped bonuses. Why? How exactly is this supposed to save the UK?

[Anonymous No.51607164]

>>51607073
Everyone try’s to be nice to their boss

[Anonymous No.51607268]

you get by with the blitz spirit and not complaining you traitor
how dare you complain about problems and not ignoring them

[Anonymous No.51607309]

>>51598867
Well with the NI and income tax cuts I come out about £9k a year better off. Is /biz/ unironically full of poorcucks?

[Anonymous No.51607435]

>>51598867
>51607000
Ask King Charles III?

[Anonymous No.51607436]

>>51607309
£9k nice larp more like £9

[Anonymous No.51607451]

>>51601183
>It’s a stupid indulgence
why?

[Anonymous No.51607468]

>>51598867
I am keeping all my money in a dollar denominated dog with baseball bat shitcoin

[Anonymous No.51607481]

>>51607451
Well, I paid £2800 for the guitar second hand last year from a shop (more expensive than private sales) and had to reduce the price to £2200 until I could find a buyer, so I’m losing £600. Plus I’m not an especially good guitarist, I just admire the craftsmanship and sound of premium instruments.

It could be worse though. I frequently see boomers losing three or four grand when selling custom built luthier guitars.

[Anonymous No.51607519]

>>51601850
Manchester is a shithole lol

[Anonymous No.51607537]

>>51602909
My friend who works in a call centre on a zero hours contract wants to become a mechanic but he fears he’s too old at 34. I think he should go for it, what do you reckon?

[Anonymous No.51607602]

>>51598867
My plan is to subsist on pure hatred
As have been doing previously

[Anonymous No.51607618]

>>51607073
The tories and starmer’s labour are the spokespeople and lawmakers of the establishment. You probably thought Corbyn was le bad and helped to cause this

[Anonymous No.51607697]

>>51603259
>60
>35
>10
>adds up to 105%
/biz/ - Business and Finance

[Anonymous No.51607738]

>>51607697
Kek'd

[Anonymous No.51607772]

Just left my Mrs and finally got a big chunk of equity and deposit off the house sale, now the pound plummets and I may as well be paying alimony. Wtf do I do with this 100k in my bank, is it too late?

[Anonymous No.51607782]

>>51607772
exchange for dollar and/or crypto

[Anonymous No.51607805]

>>51599052
>We are under occupation in the dying stages of our empire.

Kikes got you by the balls.

[Anonymous No.51607868]

>>51607537
For Halfords/Quickfit no not too late, for any kind of specialist work orindepenant garage,he'd need to get an MOT licence and equipment, witch is expensive

[Anonymous No.51608012]

>>51607868
Thanks, I’ll try to encourage him to apply. I feel dreadful for him, his employer sounds like a bunch of cunts, he just gets shifts as and when required.

[Anonymous No.51608048]

>>51603202
>This retard doesn't even know Ireland isn't in the UK, who gave him a fucking gun??
She probably thought something like that

[Anonymous No.51608059]

>>51607073
>why do governments suck off bankers so much?
Who do you think paid for Brexit? They're just collecting on their investment.

[Anonymous No.51608123]

>>51599689
Stocks and shares ISA, only retards use the cash one

[Anonymous No.51608136]

>>51598867
I was going to start a business at the start of the year but glad It didn't get off the ground now because I would have been wiped out by inexperience and energy bills.
Had some domestic stocks but apart from the dividends they've performed poorly. Might buy some american meme stocks.
Precious metals are a no-go for me since I don't want to run the risk of getting scammed or getting wiped out from being robbed.
The only thing that has consistently worked out for me is crypto, despite the market dumps.
Other than that my only real other option is stashing money into savings/bonds/whatever but the way the market is going I'm not too confident it will be a good idea if they are going to keep propping things up by increasing the interest rate every month.

[Anonymous No.51608158]

On 18.5k per month in the south. Time to gobble up some assets boys

[Anonymous No.51608163]

>>51606834
Kek what coin is doing a 5× during a bear market. I'm surprised even ETH dropped after the merge. The biggest bag I have in crypto is BTC and then ALBT because I got into the four year staking pool. So I have to wait that out

[Anonymous No.51608263]

>>51606739
The Euro and the Pound are going to 0 against the dollar unless the US steps in and saves Europe's ass by devaluing their currency like in 1985. Dollar milkshake is playing out almost perfectly and it will continue to suck in all wealth from the Eurozone until there is no more value left there.

The European central banks cannot continue to raise rates as a stop gap to prop up the value of their currencies as their economies are far more fucked than Americas and they are in desperate need of cash injections now, regardless of inflation, regardless of the consequences down the line. You're seeing this happen in Britain right now. Over 40% of businesses in the UK are no longer profitable due to energy costs (ignoring the effect of inflation in other areas of their business) so without money printing and programs to make up the difference their entire economy essentially ceases to function and fails within a year. So their government has printed over 5% of GDP to pay for energy and god knows how much in tax cuts in a desperate attempt to get some sort of growth to prop up the country and currency.

The eurozone cannot handle price discovery under this level of money printing. There is no industry to ramp up in order to ram prices into the floor. They only import, they don't produce nothing and everyone is fleeing. SO yes you should get into the dollar, fuck even Bitcoin as you don't want to be holding the Euro when they take the next inevitable step to prop up a failing currency; credit controls and asset seizures.

[Anonymous No.51608300]

>>51602840
I'm literally going to. Moving to Calgary next year to do my MA and then I'm just gonna get a job and stay there.

[Anonymous No.51608377]

Crikey, makes me feel less bad about my crypto losing all its value, I was just a few months ahead of the curve
What a mess

[Anonymous No.51608710]

Hope you have a $ acc bongs

[Anonymous No.51608714]

>>51598867
i live in UK, but i get paid in US dollar by my company outsource client. feels good so far -got like 20% unintended payrise and its getting better.

[Anonymous No.51608717]

>>51598867
26+6=1, get fucked bongs

[Anonymous No.51608722]

>>51608263
It's not in anyone's interests for the EUR / GBP / JPY to collapse.

Will be interesting to see how it plays out. New global reserve currency? Everyone just switches to USD?

[Anonymous No.51608728]

>>51607772
If you're not planning to do anything with it (e.g. buy another house). Convert some to USD, BTC, buy some gold, and buy some index fund when we start hitting bottom, but pretty risky rn.

[Anonymous No.51608732]

>>51602872
what about work in aus as a doc?

[Anonymous No.51608736]

>>51607015
>what will happen to mortgage rates?

They are already going up bigly. Cheapest 2Yr fix is now 4%.

[Anonymous No.51608811]

>>51607772
convert to usd and wait for the real crash dip now into 2023

[Anonymous No.51608821]

>>51608722
Everyone just switches to USD?

Anon it's CBDCs, fx market isnt going away

[Anonymous No.51608860]

>>51608300
if you are a pajeet you will fit in in canada

[Anonymous No.51608866]

>>51608821
Not sure what your question is.

If people lose all confidence in the currency, might just be easier to reset to USD, but what do I know.

UK should just become a state of America at this point.

[Anonymous No.51608954]

>>51607618
>You probably thought Corbyn was le bad and helped to cause this
why would you think that?

[Anonymous No.51609031]

>>51608163
Radiant RXD
Bought most of my stack for between $120-$250 per million, made a thread about it here when you could still buy a million for $400 >>51427505 of course it was ignored and is now trading at $1200 per mil.

[Anonymous No.51609213]

>>51607073
>why do governments suck off bankers so much?

the bankers ARE the government. thats what happens in a (((democracy))) ie plutocracy.

[Anonymous No.51609219]

>>51598867
i've been stockpiling food etc for years so i should make it

[Anonymous No.51609259]

>>51598867
Won't be stagflation after new tax rules. Will be growth but inflation will be more difficult. Compare to EU where Germany will have recession of -3% GDP at least next year. Market is retarded. They drank too deep at the well of fiscal discipline when what you need is counter cyclical policy and supply side reform. Genius from truss and kwarteng desu

[Anonymous No.51609299]

>>51609259
>Genius from truss and kwarteng desu
Stamp duty cut, they are tards

[Anonymous No.51609310]

>>51608866
Loss of sovereignty?
Reverse tea party, terrible idea

[Anonymous No.51609333]

>>51609310
I would gladly accept being a state of USA at this point. At least USA will be the last society to collapse, and I can move to the countryside.

[Anonymous No.51609361]

>>51608300
I'm in Canada, better than the UK but similar. Not enough housing, Trudeau pumping immigration to push housing up further. Boomer population who don't give a shit. High taxes so any raise is cut in half. And their supermarkets suck shit.

[Anonymous No.51609375]

>>51609219
>i've been stockpiling food etc for years so i should make it

for a while. but you cant really go out and plough fields can you when your tins run out.

when the system collapses, there is nothing.

[Anonymous No.51609435]

>>51599112
defense chads rise up

[Anonymous No.51609451]

>>51598867

why are you copy pasting reddit threads?

[Anonymous No.51609845]

For everyone in this thread, the idea is as follows:

1. UK devalues currency and runs a high inflation regime.

2. This makes the UK more competitive and attractive for investment, whilst simultaneously devaluing the National Debt WITHOUT having to cut public spending (which British people won't allow in general, and the government is too incompetent to do by cutting out the likes of Diversity Advisors, consolidating Local Authorities, etc)

3. The UK attracts industry and investment that previously existed/went elsewhere. E.g. From Germany due to geopolitics or South Korea due to supply chain concerns.

4. UK has growth and can manage National Debt.

This punishes the working/lower-middle classes. It's noteworthy that the US Fed is pushing ahead with (relative to RoW) aggressive rate hikes. This is because the Democrats need the votes. Also because the USA can continue to maintain a moderately high deficit for a while longer for many, many reasons. European nations do not have this alternative. They either drastically cut public spending (politically and institutionally nigh-impossible), massively increase taxation (will kill future growth and investment), continue rampant spending whilst massively hiking interest rates (The End), or allow inflation to run.

Many will suffer. But the UK could potentially come out the other side of this better than now. It's unlikely, since the government (and any waiting in the wings) and Civil Service are incompetent. But by, for example, joining NAFTA, securing energy access (foreign policy/fracking), deregulation, and commiting itself to lenient taxation, the UK COULD hoover up some of the aforementioned fleeing investment and industry. This would allow growth, jobs, and recovery.

Feel free to argue against this, but it is a workable option, and one that accepts the realities of our current situation and how incapable we are of taking drastic measures (e.g. reforming education, CS, welfare, etc).

[Anonymous No.51609871]

>>51609845
>This makes the UK more competitive and attractive for investment, whilst simultaneously devaluing the National Debt WITHOUT having to cut public spending
Small problem with this plan is that gilt yields are rising to compensate.

[Anonymous No.51609884]

>>51609845
Sorry.
I’m just not gonna invest in the UK.
I know. I know.
I’m just not gonna invest.
Sorry.

[Anonymous No.51609932]

>>51609871
Ja, I know. Not as much as our current inflation though.

As I alluded to (character limit), there are uncertainties in this plan. It mostly requires the RoW (less America) to do so badly that investment comes here anyway. Europe could pull a blinder and unfuck itself. China could depose Xi and become hyper-conciliatory. Who knows? The government could also help itself by cutting public spending- but, as mentioned, I don't think the country would accept it done broad brush, and the CS is too corrupt and politicians too inept for targeted reductions that wouldn't hurt the public (probably make their lives better, even).

We're getting a not great option, but we can't do what the US is doing and at least we're not doing current year Germany.

[Anonymous No.51610000]

>>51609845
>This makes the UK more competitive and attractive for investment,
How?

[Anonymous No.51610015]

>>51609845
Whatever the UK does with rates, so long as they make rentier activity pay more than real wealth creation they are going down.

[Anonymous No.51610019]

>>51607519
no its not its sound

[Anonymous No.51610031]

>>51610019
Sound as a pound

[Anonymous No.51610044]

>>51608048
lmao right? Classic burger education

[Anonymous No.51610046]

>>51598949
depends on your expenses
i could live on about 1.5k USD per month

[Anonymous No.51610055]

>>51609845

[Anonymous No.51610060]

>>51610000
Cheaper for investing. Simple example- A dollar can buy twice as much as fifteen years ago, so it has become more attractive for American businesses to invest in UK. Imagine opening a factory at a 50% discount and 50% off salaries. Much more likely to do it.

The key point is that due to deglobalisation, the UK is now much more attractive as an option than five years ago. Reducing costs may push it near the front of the queue.

[Anonymous No.51610083]

>>51610015
That's what tax cuts, IR35 reform, etc, achieve. I personally think the Stamp Duty cut was a terrible idea though, for exactly the reason you gave.

[Anonymous No.51610086]

>>51610031
is right la

[Anonymous No.51610096]

>>51610055
t. Angela Rayner

Just print more money and dole it out so everyone can be rich and have their own rNHS doctor (straight from University of Mumbai!) amirite?

[Anonymous No.51610099]

>>51610060
>attract disaster capitalists by creating the disaster

[Anonymous No.51610151]

>>51610060
Yea I guess but isn't it a bit like trying to catch a falling knife at this point? The property bubble hasn't even started to pop yet while energy costs are going through the roof.

[Anonymous No.51610163]

>>51610099
I'm loving all the insightful economic analysis you're offering. What's your alternative?

I just know you're some fucking under/unemployed loser who stinks of weed and blames 'toffs' for everything wrong with this country, and came to biz to shill the £150 worth of silver you have stuffed under your mattress.

[Anonymous No.51610176]

>>51610096
The utterly worthless government you are slavishly supporting yesterday took the decision to:
>Just print more money and dole it [to the] rich
Why are you their sycophant?

[Anonymous No.51610179]

>>51610083
And the lower taxes, where will that money go?
Into property which already exists, creating zero value, forcing up living costs and making the UK less competitive.
All profits flow to land.

[Anonymous No.51610225]

>ctrl-f
>efficien
>0 results found
keep howling at the moon boys

[Anonymous No.51610295]

>>51610163
>*shits the bed*
>What's your alternative?
Not shitting the bed. Ie. Investment in infrastructure targeted towards supporting nimble, efficient and (actually) productive industries. Anti-corruption and cronyism drive. Focus on education.

[Anonymous No.51610304]

>>51610151
A little, yes. To me, it's less bad than the other options. We've spent countless decades getting this fucked, we're not getting out of it again without pain. The property bubble has to burst, it's making it impossible for young people to have families, and pulling vast amounts of potentially productive capital out of the economy. Energy costs for now are going to happen no matter what we do. But if Germany really does kill it's industry (smashing EU consumption), and we frack, and do other things, it's recoverable. It's worth noting that we actually get basically nothing from Russia. Shitty contracts and lack of storage are what have fucked us.

My personal choice would be to massively slash the public sector at the same time as more general pro-business/industry/skilled worker initiatives (join NAFTA, deregulation, fracking/neo-colonialism to acquire natural resources, rapid education reform to push students into STEM/IT/manual skills (e.g. cancel funding for Drama BTEC, student loans for 95% of humanities students), a British equivalent to Manhattan Project to nuclearise the country and develop an accompanying skilled industry (that we used to have...), punitive policing and justice to make our cities habitable again, measures to crush rentier behaviour, etc...) and letting inflation run moderately. Unfortunately, I recognise that due to UK political zeitgeist and ruling class incompetence that isn't going to happen, and so I accept what Truss is doing.

[Anonymous No.51610350]

How's Brexit going for you lads? Really sticking it to those pricks in Brussels, eh?

[Anonymous No.51610406]

>>51600791
ive been brushing up on my american

[Anonymous No.51610416]

>>51607073
my hot take is the situation is predicted to get so dire they're doing anything possible to prevent capital flight even if the optics are awful and it costs in mid term borrowing

[Anonymous No.51610439]

>>51610295
>Government picks winners
I look forward to the return of British Layland. Or Dom's shitty satellite company.
>Anti-corruption
Yes, I too would love it if we elected a fascist and started going after those responsible for fucking the country. It's not going to happen so long as this country is a 'democracy'. We barely punish murderers anymore. You may as well wish for King Arthur to return.
>Focus on education
Like Blair? More money for, or something as vague as a 'focus on', education will do nothing but increase the number of BLM dance classes and LGBT cinemas in inner-city schools. Our current system is not capable of the needed reform. Starmer won't do it, Sunak wouldn't have done it, Corbyn wouldn't have done it. Plus, it will take a decade to pay off at the least. Not gonna help next year.

You spend so much time getting mad at me that you don't even understand my fundamental point. I don't want our current government and institutions. But I accept that they're not going anywhere anytime soon. I accept the limitations of our politicians- there is no-one 'good' waiting in the wings. I accept that I don't have a magic wand I can wave and bring back the nuclear industry, grammar schools and decent trains. And so I recognise that what the current government is attempting is the best of a bunch of shitty realistic options.

[Anonymous No.51610485]

>>51608860
im white :(
>>51609361
UK is genuinely on the verge of collapse - I am fully expecting this country to be a failed state within the next couple decades if not before then. I have good friends in Canada, the outdoors there is amazing and also heheh le weed legal so seems like the most obvious choice.

[Anonymous No.51610496]

>>51610179
Yeah, it's a huge problem. My hope is that rising interest rates will put a limit on just how bad it can get. There's also a raft of new pro-tenant legislation coming into effect (iirc) next year.

Also, again, if if housing prices stay steady (or even rise a little), if they're being outpaced by inflation then they're devaluing in real terms. If inflation runs for a few years, it could make a huge difference.

[Anonymous No.51610508]

>>51610099
whats the alternative at this point? serious question.

[Anonymous No.51610530]

>>51610439
>I recognise that what the current government is attempting is the best of a bunch of shitty realistic options
I *do* get that that is your point. You are wrong. They are mindless imbeciles and will only make things worse. No doubt they'll throw you a few dog whistles along the way to keep you happy.

[Anonymous No.51610578]

also it's been announced that immigration (already running at over a million a year for those they know of) -will- be increasing. a giant brown deanobox by the mid-century.

[Anonymous No.51610606]

>>51610496
Brits always go on about this: housing flat nominal, devalued in real terms.
Why do you think they've ramped housing over two decades? The UK can't function without constantly pulling fiat out it's ass via housing.
This bubble won't hold steady, it's either inflating or popping. There has to be pain, anything else is a story for children. The numbers aren't real.
This is why the UK is fucked, even people who superficially "get it" still reach for the housing cope. It's in Brit DNA.

[Anonymous No.51610611]

>>51600791
No but I will be escaping to Thailand once I become an XRP millionaire. Better start learning now.

[Anonymous No.51610619]

>>51610578
Immigration puts pressure on housing, again they are looking to pump housing

[Anonymous No.51610645]

>>51599052
Weak. Imaginary enemy. You are the enemy. Sort yourself out and rise above your weakness.

[Anonymous No.51610661]

>>51610439
The boomers are the king makers. They are voting for the enslavement of their own kids so long as they can keep partying.
At some point the I'll will against boomers will be so large that even though they can vote in a stooge they won't be able to go outside.

[Anonymous No.51610688]

>>51610661
Yes, I hope this happens. Part of me worries we're just going to avoid anything drastic and re-run the 70s again though.

[Anonymous No.51610733]

>>51610688
I think it's more precarious than the 1970s. The energy spike, demographics, huge rentier activity, no concept of what real wealth creation even is. For most people "making money" as a landlord is equivalent to a factory owner if their profit is equal. That's why the UK must die.

[Anonymous No.51610751]

>>51610733
Last point, removing the bonus cap on The City as though letting that cancer run free is going to lead to real people having more real stuff to improve living standards tells me all I need to know about Truss.

[Anonymous No.51610753]

>>51610578
source?

[Anonymous No.51610754]

>>51610661
whats worse is with them living so long and having complex care needs towards the end of their lives -something which is only really beginning now and is set to get much worse, youngest boomers are still in their 60s- any inheritance millenials are set to get will be eaten by the state/care homes on top of having to carry the burden of paying their triple lock pensions and nhs treatment while having nowhere to live.
(good thread btw)

[Anonymous No.51610763]

>>51606834
Only shit or memecoins would do 5x in this bear market.
I'd advise getting real crypto with utility. Eth, Ewt, Albt , Qnt would be great for the long run. Sucker!

[Anonymous No.51610770]

>>51610753
i'll try and find the link

[Anonymous No.51610787]

>>51610754
Yes and because the boomers are nihilists and psychos they cannot bear the idea of death so will exhaust all resources for a single week more as without them there is no future (in their minds).

[Anonymous No.51610790]

>>51610770
Traitors, then again easy to do when you are a 2nd generation boat passenger

[Anonymous No.51610795]

>>51610304
I appreciate your high effort post, but just wanted to say...
>nuclearise the country
I know this is not your point, but I agree that nuking ourselves is probably our only viable option left.

[Anonymous No.51610798]

>>51610790
>>51610753
https://www.thetimes.co.uk/article/mini-budget-2022-chancellor-scraps-45p-top-rate-of-income-tax-follow-live-62s3j228z
times so paywalled

[Anonymous No.51610799]

>>51610770
> High skilled
Read: can apply for fresh mortgage credit and needs a bed.

[Anonymous No.51610808]

>>51598867
Thankfully most of my investment in Milestonebased is in Dollars. So I don't fucking care about the damn Pounds that has been falling since the death of the Queen

[Anonymous No.51610835]

>>51610770
kek what a dead country

[Anonymous No.51610922]

>>51610798
>>51610770
dunno what to say. it's over. i hear turkey is a nice and cheap place to live if you're earning online in usd...

[Anonymous No.51610950]

>>51610922
remember cameron promising "tens of thousands a year"? now we're running at over a million a year and it still isn't enough.

[Anonymous No.51610956]

>>51610922
>it's over
it has barely begun

[Anonymous No.51611014]

The silver lining is the number of countries that you can try and move to to get a better salary than in the UK just increased tenfold

[Anonymous No.51611063]

>>51611014
None of them accept whitey though

[Anonymous No.51611083]

>>51610798
>times so paywalled

Just use an archive.

archive [dot] ph [slash] napQ9

[Anonymous No.51611102]

>>51611063
i see. well you're fucked then arent you.

[Anonymous No.51611148]

>>51610350
Your comment would make sense if the EU were better off than the UK but they're doing far worse, so yeah.

[Anonymous No.51612124]

>>51604717
i was there for school

[Anonymous No.51612144]

>>51611148
Europoor mentality really knows no bounds, atleast Italy and the Netherlands will leave before the ship hits the iceberg

[Anonymous No.51612194]

>>51610763
ALBT is a solid one. Recently partnered with Nuant which would bring TradFi to DeFi.

[Anonymous No.51612264]

>>51610808
I already applied as a Startup with GameFi as my roadmap. Looking forward to an investor funding my project.