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Post by Deleted on Aug 12, 2024 7:53:20 GMT
As I said earlier. Very slippery. I know in your head that you are a leading expert on economics, but in reality you preach only to half a dozen of us here on a boating forum. You’re not as smart as you think you are. Answering questions with long answers doesn’t disguise this. Inflation is a complex area. You'd be slippery to when discussing it, if you had a degree within the field of economics. If you really wanted to get into it your replies would be much longer than mine. Now, do you have anything useful to add to the discussion? Liz Truss has a degree in economics. I leave it at that.
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Post by Deleted on Aug 12, 2024 7:55:47 GMT
Hatton's a doddle (if you're fit and well of course) and the locks are generally in good working condition. There's several good mooring spots on the way down towards the bottom, so you don't HAVE to complete them in one bash. Cape of Good Hope is a great pub at the bottom too. Hope you're both 100% when you decide to crack on 👍🏻 Rog Yes we enjoy the flight, and really enjoy the Cape! We’ll be fine, not in a rush so all good. Been a nasty few days, but brighter today.
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Post by dogless on Aug 12, 2024 7:58:38 GMT
Inflation is a complex area. You'd be slippery to when discussing it, if you had a degree within the field of economics. If you really wanted to get into it your replies would be much longer than mine. Now, do you have anything useful to add to the discussion? Liz Truss has a degree in economics. I leave it at that. 🤣🤣🤣🤣 very good. Self professed financial wizards Rog
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Post by Telemachus on Aug 12, 2024 8:03:29 GMT
That’s just your opinion. Do try to avoid making it seem like fact, it just makes you sound arrogant. Other people have different opinions. There would have been pay negotiations in previous years. Pay increases below the rate of inflation were implemented. For whatever reason. I don't deny that pay awards which don't match inflation over a longer period of time cause angst amongst workers. That workers may use this fact as a reasonable bargaining tool for a higher pay rise. Nevertheless, any pay rise given at any point in time which exceeds the rate of inflation at that particular time, in common parlance, is often referred to as inflation busting. Given you mention politics, here's a link a couple of Guardian articles using it in exactly this way. www.theguardian.com/business/2023/dec/12/uk-pay-rises-inflation-bank-of-england-interest-rates-cuts www.theguardian.com/politics/2024/mar/15/rishi-sunak-inflation-busting-pay-rise-mp“Any point in time” … “particular time” … As I said, you can use whatever timescale you like to suit your political agenda.
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Post by Clinton Cool on Aug 12, 2024 8:11:14 GMT
“Any point in time” … “particular time” … As I said, you can use whatever timescale you like to suit your political agenda. Perhaps I didn't make it clear. In common parlance the term 'inflation busting' is often used, across all political thinking, to describe a pay award on a particular day, when the rate of inflation on this particular day is lower than the pay award. This was the case in the two Guardian articles I linked.
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Post by Telemachus on Aug 12, 2024 8:20:10 GMT
“Any point in time” … “particular time” … As I said, you can use whatever timescale you like to suit your political agenda. Perhaps I didn't make it clear. In common parlance the term 'inflation busting' is often used, across all political thinking, to describe a pay award on a particular day, when the rate of inflation on this particular day is lower than the pay award. Your post doesn’t make sense because on the one hand you are talking about a step change, or at least a change over a period of one day, and comparing that to a change of prices that typically is calculated over a period of a year, that year ending a few months before the day in question. An instantaneous change vs a change over an unspecified period not encompassing the day of the change. It’s not any sort of scientific thing. It may be common parlance, but then there is a lot of stupidity in common parlance. And how about the person who gets a 5% pay rise in January, and another 5% pay rise in June, when the annual inflation measure is 6%. Is that inflation busting or not? Who knows, because as I said the term “inflation busting” can be manipulated to make whatever political point you desire.
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Post by Trina on Aug 12, 2024 8:29:00 GMT
It's raining on the Shroppy.😒🌧
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Post by Clinton Cool on Aug 12, 2024 8:32:40 GMT
Perhaps I didn't make it clear. In common parlance the term 'inflation busting' is often used, across all political thinking, to describe a pay award on a particular day, when the rate of inflation on this particular day is lower than the pay award. Your post doesn’t make sense because on the one hand you are talking about a step change, or at least a change over a period of one day, and comparing that to a change of prices that typically is calculated over a period of a year, that year ending a few months before the day in question. An instantaneous change vs a change over an unspecified period not encompassing the day of the change. It’s not any sort of scientific thing. It may be common parlance, but then there is a lot of stupidity in common parlance. And how about the person who gets a 5% pay rise in January, and another 5% pay rise in June, when the annual inflation measure is 6%. Is that inflation busting or not? Who knows, because as I said the term “inflation busting” can be manipulated to make whatever political point you desire. You're over complicating matters. it's very simple. Most salary reviews are conducted once a year. This is the case in the public sector and this is the sector on which reports and comments are made. If the award is greater than the rate of inflation on that particular day the awards are often described as inflation busting, regardless of politics, or anything else. This might be unfair but neither you nor I set the rules for common parlance.
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Post by dogless on Aug 12, 2024 8:35:43 GMT
It's raining on the Shroppy.😒🌧 😱😱
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Post by Tony Dunkley on Aug 12, 2024 9:56:47 GMT
Interesting to see how the inland waterways do under Labour. Will things improve I wonder. Can't see it to be honest. Rightly or wrongly boaters tend to be viewed as better off financially than many people, and not of the demographic where Labour chooses to spend money. Shit-for-Brains Coventon isn't capable of being 'honest' about anything. It remains to be seen which transport/warehousing company the lying psychopath is going to pretend he's working for this week.
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Post by Telemachus on Aug 12, 2024 10:43:55 GMT
Your post doesn’t make sense because on the one hand you are talking about a step change, or at least a change over a period of one day, and comparing that to a change of prices that typically is calculated over a period of a year, that year ending a few months before the day in question. An instantaneous change vs a change over an unspecified period not encompassing the day of the change. It’s not any sort of scientific thing. It may be common parlance, but then there is a lot of stupidity in common parlance. And how about the person who gets a 5% pay rise in January, and another 5% pay rise in June, when the annual inflation measure is 6%. Is that inflation busting or not? Who knows, because as I said the term “inflation busting” can be manipulated to make whatever political point you desire. You're over complicating matters. it's very simple. Most salary reviews are conducted once a year. This is the case in the public sector and this is the sector on which reports and comments are made. If the award is greater than the rate of inflation on that particular day the awards are often described as inflation busting, regardless of politics, or anything else. This might be unfair but neither you nor I set the rules for common parlance. Neither can you be the one to define what “common parlance” is. Yes it may be common parlance for people with an agenda that resents public sector pay increases. But for some other people the common parlance for the same issue would be “pay increase as a partial redress for years of pay cuts”. As I said, it simply depends on your agenda.
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Post by Mr Stabby on Aug 12, 2024 12:03:16 GMT
It's raining on the Shroppy.😒🌧 Raining in Oxford too although it's a welcome respite really.
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Post by Clinton Cool on Aug 12, 2024 12:06:55 GMT
You're over complicating matters. it's very simple. Most salary reviews are conducted once a year. This is the case in the public sector and this is the sector on which reports and comments are made. If the award is greater than the rate of inflation on that particular day the awards are often described as inflation busting, regardless of politics, or anything else. This might be unfair but neither you nor I set the rules for common parlance. Neither can you be the one to define what “common parlance” is. Yes it may be common parlance for people with an agenda that resents public sector pay increases. But for some other people the common parlance for the same issue would be “pay increase as a partial redress for years of pay cuts”. As I said, it simply depends on your agenda. I linked two articles from the Guardian earlier. Hardly a publication which resents public sector pay rises. You're arguing over whether 'inflation busting' is common parlance, or not. That's trivial. I wouldn't argue that some workers feel hard done to, having suffered below inflation pay increases over preceding years. The result being that an inflation busting pay increase leaves them worse off, in real terms, than before the round of lower than inflation increases. On the other hand, public workers receive more than generous pension benefits. Ongoing access to schemes which were closed to nearly all in the private sector some 30 years ago. Because they were unaffordable. They also, on average, receive more generous holiday entitlement, claim higher sick leave and are far less likely to get fired. The Taxpayer's Alliance claims that, in like for like positions, pay is higher in the public sector than it is in the private sector. We should treat this view with caution though, there's clearly motivation for bias here. The previous paragraph is unlikely to ever be read in the Guardian, these facts are only ever highlighted by those of a particular political view.
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Post by on Aug 12, 2024 13:00:23 GMT
Scorchio!
I fear I may need to acquire cold beer while I still can and find shade for the floating electric beer drinking platform.
I bet they have run out of ice the blighters.
Oh well worse things happen at sea.
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Post by Clinton Cool on Aug 12, 2024 13:10:41 GMT
A pleasant 20 degrees here on the Welsh coast. Frustratingly windy though. Today and yesterday were forecast to be calm enough for the kayak but, not so. Yesterday started off not too bad but a stiff offshore set in shortly after I got out there. I like a life full of risk but like to manage it so I'm safe, so in I tootled. Sure enough, the RNLI had 2 separate call outs to paddle boarders on inflatables who lacked the strength and endurance to paddle back against a 12-15mph offshore.
Wednesday is forecast to be calm. Hope so, I have several new lures fresh in from China, I'm chomping at the bit to see if our resident ballan wrasse find them to their liking.
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