yields falling, going to bed now, before I witness my p.f hole increasing ever larger.
To think that Ukraine, a country that few would even have hardly known existed or cared for, could markedly effect Lloyds banking, when 'all' it relies on is for Mrs Timble to pay into her saving account £400, and Lloyds to give her 1%, then Lloyds loan it out to Mr Jones for 10%. With 70% of that 9% coming to our pockets very soon, lol, if only.
Current Government would say that, and, like Lloyds, a little clever accountancy book work, can fool most for a while.
A huge, ever growing population, with less and less manual labour needed as technology increasingly reduces the need for such, can only mean a drop in living standards for all except the owners of such businesses.
Even businesses making good profits can only be taxed so much, before it is more cost effective to relocate elsewhere. They alone cannot take up the slack from the lack of income via workers, who once had earned enough to pay taxes, yet now, often on part time, or 0hrs contracts, not only pay nothing in, but claim free or heavily subsidised housing, council tax and other child tax credit benefits.
This state of affairs is all costing the rest of the population, who are effectively being taxed to subsidise the employers of such peoples low wage.
If the idea is to compete with China or India, by having pools of desperate workers willing to do anything for next to nothing, then the idea is doomed to failure.
This country needs less people, but more highly trained people. We are encouraging the exact opposite. Which will be to the detriment of all.
So your "Finally, it's just a matter of time"; Imo, 'time' if things carry on as they are, will only make thing worse.
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