@Stsantek Problem is that pay rises are also often based on inflation from the year before, so if you get a year with high inflation, which gets used to calculate the TL, the following year you get a big earnings jump, which then gets used to calculate the NEXT TL
Posting this today while hopefully some you are still with your nans for the bank holiday and can explain it to them.
We can replace the triple lock with a double lock, increasing pensions by the higher of inflation or wage growth. Pensioners will still more than keep pace with working people. They are currently racing ahead of them, their earnings increasing faster than those of working people.
The 2.5% floor is arbitrary, invented by the Lib Dems in the same manifesto that promised to scrap tuition fees, then adopted by the Tories as a bribe to pensioner voters.
The reality is that we can’t target investment and support if arbitrary amount of public money is distributed to all people of pension age regardless of need (and yes, contribution). It has no logic… it will keep boosting pensions faster than the rest of the economy indefinitely, with no ceiling.
I am a socialist but the triple lock is just a bribe to dependable voters.
Pork scratchings are great. I've also had some chicken skin "crisps" which were delicious. We should have more deep fried animal skin snacks. Let's have crispy turkey skin, sheep skin, cattle skin, tuna skin, and so on. Nose to tail, people. Nose to tail.
There may be other facts to come out. But if, as currently being reported, Scott Mills really has been sacked because of an offence that was allegedly committed 30 years ago, and that failed to even meet the basic evidential threshold for a prosecution, then that's insane.
In my early 20s I was occasionally shagging my Mum's mate who was then early 40s. Forty years on they're both in the same nursing home. The weekly visits are now the most excruciatingly toe-curling hours of my life.
@rebekkarnold Hi
You can contribute up to £20k in ISAs each year
Your current LISA payments count towards this limit
Easiest way to invest in a stocks and shares ISA is via an online platform
AJBell is good, but shop around
Choose an S&P500 tracker fund
Set up reg payments
Now is fine
I realise it’s 7:30am on a Saturday, but I need someone to explain managed ISAs/S&P 500 etc to me like I’m 5 years old, I want to start but my brain can’t understand any of it.
@PauloNoggy Ground rent cap = buyers worried freeholders will increase service charges
Pensions liable to IHT, investors may look to liquidate other assets
Demand for housing, but not unaffordable housing
Unrealistic seller expectations re price, because don't want to admit bad investment
@PauloNoggy Income tax % on rent increasing
Renters Rights bill making BTL less attractive
Lots of landlords trying to sell with more to do so soon
BTL LLs not buying
Lag on completions data from Land Reg - "asking prices" irrelevant
Expected falls in mort rates now not happening