Do you want to discuss boring politics? (57 Viewers)

[shmmeee]

Rents will only get higher with additional costs and legislation/ regulation - as well as people disposing of their portfolios.

It’s a tiny impact compared to the supply issue.

 

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[MalcSB]

It’s a tiny impact compared to the supply issue.

Or the demand issue,

 

[shmmeee]

Or the demand issue,

Can’t change that though, at least not significantly and not quickly. Unlike supply.

No one seriously has a “reduce the population” plan. Are we kicking out residents or implementing a one child policy?

 

[MalcSB]

In the interests of fairness and another little point to show this is not about “hating OAPs”, I interview a lot of people, and I find the younger people applying to be.. delicate, demanding and lots of them kinda do my head in with the social media culture I do feel that they are inheriting a very raw deal, that’s all.

research reveals that 52% of Gen Z professionals are intentionally avoiding management positions. Interestingly, a significant 69% perceive middle management as a role characterized by high-stress levels and minimal rewards,

 

[shmmeee]

Also immigration isn’t the only demand driver. A huge amount of the issues in the south east are internal migration from the north cos there’s no jobs anywhere else and family dynamics changing so there’s more single households (shout out the divorced dads).

 

[shmmeee]

research reveals that 52% of Gen Z professionals are intentionally avoiding management positions. Interestingly, a significant 69% perceive middle management as a role characterized by high-stress levels and minimal rewards,

Who the fuck is hiring Zoomer managers?

 

[Ring Of Steel]

research reveals that 52% of Gen Z professionals are intentionally avoiding management positions. Interestingly, a significant 69% perceive middle management as a role characterized by high-stress levels and minimal rewards,

That’s interesting- I can identify, I get paid what I do not for ability but for the amount of shit I can deal with without folding

 

[shmmeee]

Very rich man who bought a farm purely for the tax dodge and has said as much isn’t happy with the budget. Sounds like a win to me.

 

[shmmeee]

That’s interesting- I can identify, I get paid what I do not for ability but for the amount of shit I can deal with without folding

That’s an ability.

 

[Ring Of Steel]

That’s an ability.

Fair point.. I’d rather have been born with innate musical or sporting ability tbf

 

[HuckerbyDublinWhelan]

research reveals that 52% of Gen Z professionals are intentionally avoiding management positions. Interestingly, a significant 69% perceive middle management as a role characterized by high-stress levels and minimal rewards,

This is because it’s usually the level that gets redundant first.

on top of that it’s minimal pay for the added work load. It’s a no brainer. Now if the pay matched the effort required then maybe people would take them

 

[rob9872]

That’s interesting- I can identify, I get paid what I do not for ability but for the amount of shit I can deal with without folding

similar here and although I'm paid well, I am salary paid so for the hours I do it's probably not great (*unless you discount the hours I waste on fekkin Sky Blues Talk of course!)

 

[Grendel]

That’s true, but then when you inevitably have a party geared towards them and not the working class it’s creates anger that the workers are being shafted time and time again.

Only to be told cut out the Netflix and avocados. It’s tone deaf ignoring the concerns of the people who pay their pensions.

the phrase “they’ve paid into their pensions all their life” is bollocks - you paid in for the previous generation not your own.

now the biggest voting block is being shafted it’s “won’t someone think of the pensioners” why should they when they’ve been sticking two fingers up to everyone else previously

The pension is realised by NI credits do the pension anyone received is generated by the tax they have paid

 

[shmmeee]

This is because it’s usually the level that gets redundant first.

on top of that it’s minimal pay for the added work load. It’s a no brainer. Now if the pay matched the effort required then maybe people would take them

In most low level jobs like retail it’s an absolute poisoned chalice.

 

[chiefdave]

all the tradespeople that are going to be out of a job when everyone starts doing everything themselves can go and work for minimum wage as cleaners, carers etc then we wouldn't need bloody foreigners to come over and do those jobs - problem solved!

 

[Ring Of Steel]

similar here and although I'm paid well, I am salary paid so for the hours I do it's probably not great (*unless you discount the hours I waste on fekkin Sky Blues Talk of course!)

that’s one thing I don’t do any more- I’m gone at 5 and I don’t spend a single second thinking about work after that..

 

[rob9872]

In most low level jobs like retail it’s an absolute poisoned chalice.

I think retail is brilliant for the young and I would encourage all of them to try it. I'm currently trying to persuade my daughter who is in sixth form to apply. Most won't want to forge a career in retailing, some will, but it's such a grounding for so many other jobs.

Apart from simple appreciation of work and responsibility, you have invaluable customer interaction, learn about cash, ledgers, stock replenishment, teamwork, sales, ordering, pricing, budgeting, margins so, so much at such a low introductory. It's like a small taster of everything. If the worst you get out of it is 'I never want to do any of that again' then it has still been invaluable.

 

[shmmeee]

I think retail is brilliant for the young and I would encourage all of them to try it. I'm currently trying to persuade my daughter who is in sixth form to apply. Most won't want to forge a career in retailing, some will, but it's such a grounding for so many other jobs.

Apart from simple appreciation of work and responsibility, you have invaluable customer interaction, learn about cash, ledgers, stock replenishment, teamwork, sales, ordering, pricing, budgeting, margins so, so much at such a low introductory. It's like a small taster of everything. If the worst you get out of it is 'I never want to do any of that again' then it has still been invaluable.

I liked working retail. But when I was offered a managerial role I said no because it was fuck all extra for a shit ton of having to herd cats.

 

[HuckerbyDublinWhelan]

The pension is realised by NI credits do the pension anyone received is generated by the tax they have paid

The pot it’s drawn from isn’t the same pot you’ve paid into though is it. It’s drawn from the current NI Pot of the time.

 

[HuckerbyDublinWhelan]

In most low level jobs like retail it’s an absolute poisoned chalice.

Finance is the same. They create positions then realise 2 years later they don’t need them.

 

[Grendel]

The pot it’s drawn from isn’t the same pot you’ve paid into though is it. It’s drawn from the current NI Pot of the time.

It doesn’t matter. Youve paid NI which is contribution to a state pension entitlement - there isn’t an NI pot at all - just tax revenue

 

[rob9872]

It doesn’t matter. Youve paid NI which is contribution to a state pension entitlement - there isn’t an NI pot at all - just tax revenue

Agree. Tbh I dont know why they dont just call it all Income tax and instead of 20+10 it's 30 and goes to the same pot. It would actually be a good way of increasing higher up. Move the middle band up but then call it 50 as currently it's only 42 based on not paying NI at the higher threshold. We got the drop to 10 but still pay the 2% above 50k. Make the band 70k and then charge 50 at that rate (or 28/48 from April)

 

[Grendel]

Agree. Tbh I dont know why they dont just call it all Income tax and instead of 20+10 it's 30 and goes to the same pot. It would actually be a good way of increasing higher up. Move the middle band up but then call it 50 as currently it's only 42 based on not paying NI at the higher threshold. We got the drop to 10 but still pay the 2% above 50k. Make the band 70k and then charge 50 at that rate (or 28/48 from April)

The only reason it exists is so they can make employers pay contributions as well

 

[HuckerbyDublinWhelan]

It doesn’t matter. Youve paid NI which is contribution to a state pension entitlement - there isn’t an NI pot at all - just tax revenue

Then that’s the same isn’t it? If they decide one day they’re not paying pensions that’s it. I’m paying in tax revenue which is in turn paying today’s pensioners.

 

[Ring Of Steel]

Finance is the same. They create positions then realise 2 years later they don’t need them.

I hear you.. I’m FD and a fair chunk of my time is spent resisting pressure to create daft roles like “analyst” that will get automated in 6 mths flat resulting in the job going. The whole area will be AI in a few years, there’s literally nothing any human can do that AI can’t when it comes to finance.

 

[shmmeee]

Twitter is a garbage fire but then you get exchanges like this that make it worth it.

 

[Grendel]

Then that’s the same isn’t it? If they decide one day they’re not paying pensions that’s it. I’m paying in tax revenue which is in turn paying today’s pensioners.

It isn’t the same at all as it’s a contract on retirement so as soon as you pay NI you are getting an entitlement on retirement age.

I also will again point out pensioners in the uk get a raw deal compared to European countries.

 

[HuckerbyDublinWhelan]

It isn’t the same at all as it’s a contract on retirement so as soon as you pay NI you are getting an entitlement on retirement age.

I also will again point out pensioners in the uk get a raw deal compared to European countries.

I’m not disagreeing with comparison to Europe. What I’m saying is if they drop pensions (extreme take) that’s it.

it isn’t a saved pot - it’s an entitlement to whatever the pot is at that point

 

[shmmeee]

It isn’t the same at all as it’s a contract on retirement so as soon as you pay NI you are getting an entitlement on retirement age.

I also will again point out pensioners in the uk get a raw deal compared to European countries.

Lol no. NI isn’t hypothecated. You pay tax, including NI, and you get benefits in the form of state pension etc. benefits may go up as well as down like any other benefits.

If what you said was true then you could make the same argument about literally any benefit (UC/PIP/etc).

 

[MalcSB]

Lol no. NI isn’t hypothecated. You pay tax, including NI, and you get benefits in the form of state pension etc. benefits may go up as well as down like any other benefits.

If what you said was true then you could make the same argument about literally any benefit (UC/PIP/etc).

The difference I can see is that there is a clear qualifying requirement to have paid in at least 10 years NICs for minimal pension and 35 years for full, so there is a form of contract there. AFAIK there is no qualifying contribution period for other benefits.

 

[MalcSB]

This is because it’s usually the level that gets redundant first.

on top of that it’s minimal pay for the added work load. It’s a no brainer. Now if the pay matched the effort required then maybe people would take them

Don’t people need to have been in a middle management role in order to progress to senior management these days?

 

[MalcSB]

that’s one thing I don’t do any more- I’m gone at 5 and I don’t spend a single second thinking about work after that..

Lucky you

 

[Brighton Sky Blue]

I used one on Guardian.

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It would be interesting if it was possible to put the actual budget in to the "simulator" @shmmeee shared a little while ago to see whether Reeves got it as wrong as we all did

Appears I am now on less than the minimum wage!

 

[HuckerbyDublinWhelan]

Don’t people need to have been in a middle management role in order to progress to senior management these days?

Nah - a lot of senior managers tend to delegate these types of roles to lower roles. Means they can push the responsibility but not pay them correctly.

this is why the middle management role is often first to go in redundancies. I find that anyway.

once you got the experience you can apply elsewhere. These days there’s no benefit to remaining at the same company for years on end.

2-5 years then move on

 

[shmmeee]

The difference I can see is that there is a clear qualifying requirement to have paid in at least 10 years NICs for minimal pension and 35 years for full, so there is a form of contract there. AFAIK there is no qualifying contribution period for other benefits.

Think JSA and ESA have contribution requirements as well.