High Inflation.

Some food.

Nor did I Rosie 1959. Absolute zilch!

When did it become "state welfare"?

It was "benefits" in my day - not that I was ever entitled to any. "State welfare" is a very US thing, isn't it?

rosie1959

I suppose that said generation is some of us our first mortgage in 1980. Rates were at 15%
Can't remember getting much state welfare

I expect you received tax relief on your mortgage payments and, overall, your mortgage was a lower percentage of your income than it is for many people with a current mortgage. You paid lower rates of National Insurance and, if you'd been to university, you didn't have a student loan. It's not possible to compare the current amount of support from the state with the past.

Gossamerbeynon1945

Nor did I Rosie 1959. Absolute zilch!

So you didn't have children or a mortgage?

It's a long time ago Growstuff expect my DH would recollect more that me but our Mortgage was around 1 weeks salary for my husband
Can't particularly remember paying any lower NI than anyone else
Never went to Uni worked from 16
Only state benefit was child allowance

growstuff - I had one child and got £1 per week. I really can't remember NI being less than normal. Of course we had a mortgage and with the interest rate rise to 15% we could barely afford it.

I didn't go to university.

Gossamerbeynon1945

growstuff - I had one child and got £1 per week. I really can't remember NI being less than normal. Of course we had a mortgage and with the interest rate rise to 15% we could barely afford it.

Of course National Insurance was a lower percentage than it is now, even if you can't remember. In 1978 it was 6.5%. It's currently 13.25%.

I paid 16% when I first had a mortgage, but the property was a much lower percentage of my income than if I were to buy that same property now. Sorry, but you just can't compare.

You might have only received £1 in family allowance, but you or your partner/spouse also received a tax allowance. Again, you can't compare.

rosie1959

It's a long time ago Growstuff expect my DH would recollect more that me but our Mortgage was around 1 weeks salary for my husband
Can't particularly remember paying any lower NI than anyone else
Never went to Uni worked from 16
Only state benefit was child allowance

No, it wasn't. You also received tax allowances for any children, mortgage tax relief and your husband received married man's tax allowance.

My housing costs are currently over two weeks income. The average is now 30-35% of a household's income.

volver

When did it become "state welfare"?

It was "benefits" in my day - not that I was ever entitled to any. "State welfare" is a very US thing, isn't it?

I was just trying to think of an all encompassing term for child benefits, NHS which treated anything that needed treatment, more generous and less punitive unemployment benefits. Free tertiary education with maintenance grants (which didn't just apply to University students, I got a grant for my vocational college training and my sister did for teacher training). I don't recall paying for NHS dental treatment, either.

Banging on about high mortgage interest doesn't negate the other stuff we didn't have to pay for...

DaisyAnne

Jane43

MaizieD much as I despise this government the £150 isn’t a loan, it is for council tax payers in Bands A to D but I believe those exempt from council tax won’t get it. The £200 to come later in the year will be a loan to be repaid over several years and most people don’t want it.

Whatever you believe, the truth is that those who are billed but get Council Tax Support will get the £150. That will be those on certain benefits. They are not "exempt". We don't know when and they may have to supply bank details to get it paid directly into their account, otherwise, it may be a cheque.

You must be aware that your post could frighten vulnerable people. It's quite easy to check the facts.

Immediately after my post growstuff pointed out my error and I then thanked her for pointing it out so I don’t see how anybody could have been frightened by my post.

Thank you for pointing out my error Growstuff as I said it was a long time ago I was 21 at the time had little interest in financial matters.

It's hard now and it's going to get worse. In the 1970s inflation hit about 15% and it took monetarism to bring it down. Savings accounts are already Losings accounts. What is Johnson doing about it?

Not sure what you think the UK government can do about it Grantanow. Inflation is a global problem, not confined to the UK. The Bank of England which sets interest rates is independent of the government.

Jane43

DaisyAnne

Jane43

MaizieD much as I despise this government the £150 isn’t a loan, it is for council tax payers in Bands A to D but I believe those exempt from council tax won’t get it. The £200 to come later in the year will be a loan to be repaid over several years and most people don’t want it.

Whatever you believe, the truth is that those who are billed but get Council Tax Support will get the £150. That will be those on certain benefits. They are not "exempt". We don't know when and they may have to supply bank details to get it paid directly into their account, otherwise, it may be a cheque.

You must be aware that your post could frighten vulnerable people. It's quite easy to check the facts.

Immediately after my post growstuff pointed out my error and I then thanked her for pointing it out so I don’t see how anybody could have been frightened by my post.

I'm sorry, I missed that.

Those who get full council support are at the poorest or least able to help themselves end of our society. If you cannot realise the anxiety they live in I am sorry for that too. People are living in fear, not just of greater poverty, but of not knowing what they will have to try and deal with.

However, repetition doesn't help so once again I am sorry I missed growstuffs post.

Inflation rate in Italy is around 3%. In Germany, around 5%. In Australia about 3.5%.

In the UK? About 7.5%

The excuse of it being a worldwide problem that the government can do nothing about isn't ringing true for some of us.

Brexit accounts for the gap

7.9% in the US in February.

On the news this week (not sure what channel) they said that inflation in Turkey is currently 60%

Yes, I forgot that. I heard it too.

OK, so some countries have a government that can manage high inflation and some don't. Ours can't, apparently.

Ours isn't even looking at countries with lower inflation than ours and asking what we can do to be more like them?

They're just saying its up to the BoE.

Do you actually feel that comparing our country with the 93rd richest country in the world adds anything to our knowledge of how the UK is doing? It seems like straw grasping to me.

DaisyAnne

Jane43

DaisyAnne

Jane43

MaizieD much as I despise this government the £150 isn’t a loan, it is for council tax payers in Bands A to D but I believe those exempt from council tax won’t get it. The £200 to come later in the year will be a loan to be repaid over several years and most people don’t want it.

Whatever you believe, the truth is that those who are billed but get Council Tax Support will get the £150. That will be those on certain benefits. They are not "exempt". We don't know when and they may have to supply bank details to get it paid directly into their account, otherwise, it may be a cheque.

You must be aware that your post could frighten vulnerable people. It's quite easy to check the facts.

Immediately after my post growstuff pointed out my error and I then thanked her for pointing it out so I don’t see how anybody could have been frightened by my post.

I'm sorry, I missed that.

Those who get full council support are at the poorest or least able to help themselves end of our society. If you cannot realise the anxiety they live in I am sorry for that too. People are living in fear, not just of greater poverty, but of not knowing what they will have to try and deal with.

However, repetition doesn't help so once again I am sorry I missed growstuffs post.

I think it’s an example of how much the forum needs an edit function. If there was one I would have edited my post as soon as growstuff pointed it out.