Marcus Rashford

[Notch7]

And "bad" food doesn't necessarily cause malnutrition/ obesity.

My Gran's generation all ate doorsteps smothered in dripping.

But they were skinny as whippets and always running around, so I wasn't an issue.

I think the food industry has changed hugely. Back on your Grans generation food was more likely to be less processed.
also we have all been taught that fat is bad for you -but the real problem is sugar and carbs.

 

[Bodgedbuild]

What is truly staggering is the low cost of keeping over a million kids fed over the summer.
(barely more than hiring a ferry company with no ferries)

Compare it to the recent QE figures (whose beneficiaries are mainly the banks and the corporates) for a bit of perspective.

The virus is projected to cost £645bn

The 2009 financial crash £200bn

Post brexit referendum result £445bn

The above figures are CUMULATIVE so each one is added to the next, it is the total amount of QE so the financial crash was £200Bn then the Eurozone debt crisis, which you missed out, increased the QE total to £375 Bn, estimated reduction in growth following Brexit result cost brought it to £445Bn and cost estimation of impact of Covid-19 brings to total QE to £745 Bn.


Off topic but QE by the way is something that Labour consider a good idea (PQE) because it is a way to fund debt that avoids the dangerous situation of simply printing money which could lead to runaway inflation.
I agree with QE to a certain extent because it should give incentive to spend and so increase GDP by having a knock on effect of increasing share prices which are only useful if you have money invested so I will agree with you those who you say it will help most. This means that 60% of the wealth would go to 95% of the investors with the other 40% going to the final 5% of investors so the split is not equal and if you have nothing invested anywhere then you would have no direct gain.
The idea is that corporates & Markets will have more money (as their shares etc increase in value) and can either employ new staff or retain existing staff rather than make them redundant.
The latest use of QE, £100bn as a stimulus is where I disagree. It might actually be better to literally give out cash (Trump fashion?). £100 Bn would be something like 2k + for every adult and it is likely that most would spend it quickly which is what our shops and businesses need now they are opening up again and would directly benefit people who need cash now.

 

[Notch7]

The latest use of QE, £100bn as a stimulus is where I disagree. It might actually be better to literally give out cash (Trump fashion?). £100 Bn would be something like 2k + for every adult and it is likely that most would spend it quickly which is what our shops and businesses need now they are opening up again and would directly benefit people who need cash now

My concern is that QE will result in higher house prices.....too many people are already shut out of the property market leaving with the only option of paying a big % of their salary on rent -a major cause of in work poverty.

And of course as you point out -people with money to invest benefit, those without dont -which effectively increases inequality.

 

[dontbelieveawordofit]

The problem is, some people don't have a spare 20p for one orange.

Having no money at all is a hard concept for those that have always had some.

people today are well catered for generally. how they choose to waste their benefits is where the problem lies.
todays version of ‘no money’ is only having one dog and rolling your own tobacco , settling for talk talk fibre and tv instead of virgin. and having to get ****£d on bow not kopparberg.

 

[ajohn]

I haven't done any sums but during the last one my son did and it was balanced by a fall in the value of the GBP. Me - not checked it and his info probably came from the web. As of march this year they had purchased £645 bn of government bonds for quantitative easing since 2009.

 

[securespark]

I think the food industry has changed hugely. Back on your Grans generation food was more likely to be less processed.

Yeah. She lived in a cottage in the woods a little outside of Ludlow.
They kept pigs and chickens, baked their own bread and grew veg. She could handle a shotgun and would go hunting for rabbit and pigeon. She used to help others milk cows and would skim milk to get cream and churn it into butter.

I remember her story about throwing the skimmed milk down the drain. I asked her why they didn't give it to the pigs, but she said they thought the milk had absolutely no nutritional value once the cream was skimmed off. She was amazed in later years that supermarkets would start selling skimmed milks for the same money as whole.

todays version of ‘no money’ is....having to get ****£d on bow not kopparberg.

Someone I know moans constantly about having no money.

Yet they find plenty for fags and booze; they are never without.

 

[Scarlet Pimpernel]

Someone I know moans constantly about having no money.

Yet they find plenty for fags and booze; they are never without.

That's why they've got no money.

 

[Stivino]

That's why they've got no money.

They have got money, they are not prioritising it in a responsible manner.

 

[sxturbo]

My concern is that QE will result in higher house prices.....too many people are already shut out of the property market leaving with the only option of paying a big % of their salary on rent -a major cause of in work poverty.

And of course as you point out -people with money to invest benefit, those without dont -which effectively increases inequality.

this is the problem with immigration at its current level, apparently from government sources 283,000 more people arrived and stayed int he UK than left in 2018.

this has been going on since early 2000's and with not enough houses being built has caused a bit of a housing crisis. those with extra income in the height of the early 00's when the £ was extremely strong and the cost of living was cheap saw an opportunity to buy houses cheaply and rent them, this then continued to spiral to todays current problems.

now house builder dont sell cheap homes (certainly in essex) with a 2 bed terrace costing at least £250k for a new build, and 3 beds generally around 360k, plus you then have the ground rent which is extortionant these days as very few new builds are freehold and it just gets obscene.

even affordable housing isnt affordable, and the help to buy scheme was utter rubbish as this just pushed the house prices up further, and the house prices dont go up as much as expected meaning when people have to start paying the money back they cant afford it.

it is a very sorry state of affairs housing is in.

on the flip side of that though is that many of todays youth arent willing to give up their "niceties" they all must have that car on finance, and have 2-3 holidays a year etc etc and they must have everything instantly and then bitch and wine about house prices being to high.

i sold my nice cars, saved up, sold camera equipment etc so i could afford my first house, it meant i had o go without for a year or 2, (and i've never replaced what i sold as i promised i would as i now spend it all on the house lol) so it is possible.

however that being said their is people in less fortunate circumstances whom dont have parents they can live with or other issues etc whom get forced into renting with no way out.

 

[securespark]

We need to vote with our feet and refuse to buy houses with exorbitant GR. If enough people did that, they'd soon pack it in.

 

[sxturbo]

We need to vote with our feet and refuse to buy houses with exorbitant GR. If enough people did that, they'd soon pack it in.

will never happen though as houses are an "emotional product" and rational thought tends to go out the window,

i'm an emotionless b*****d though certainly according to my wife which is why i didnt buy new build house

 

[ajohn]

I'm surprised people can get mortages on properties that aren't freehold. From my experiences they have to be but sometimes things like that are mentioned but not entirely true. I was told I had to buy it when my parents property was sold. Some time ago now. Also told that I had to move the ownership to mom as it was left in dad's name when he died. That actually legally is ok and as executor I could sign the papers as well. Legal people make more money the way they did it.

He would be about 100 now. They lived in cheap rental property up to when I was 6. Both worked. Shop assistant and while dad moved from being a toolmaker to production engineering salary wont have been much better. They saved the deposit and bought in there 20's. B'ham overspill estate mostly council. Much cheaper than in Bham proper. Just outside the boundary as wouldn't have been able to afford within it. War furniture - the dark brown stuff and a recovered 3 piece suite. No expensive clothes. All transport via the bus. They did find the money to buy a tiny TV for the queens coronation while in the flat. It was with us for a long time. He had a promotion after the move. Didn't change things much but I suspect we ate better as a result. It also meant that they could have another child. I was 10. Foreign holidays - no chance.I was left at home looking after brother except for the first one. Car yes in his mid late 30's but not much else. No hire purchase always kept for about 6years. Fitted furniture kitchen and lounge diy. All decorating and etc diy. I'd say things eased for them in their early 40's and even more after some rapid inflation. Wont say who was in power when that happened.

House and prices have always been odd things. Each time something is done to help people buy them they often get more expensive. First one was making use of joint salaries. 1 1/2 initially and then both if I remember correctly. Probably the major one then variations in deposit. Land gets more expensive as it's used up and etc.Buy to rent sets min price as well.

My son did have a most expensive is the best phase. Still sticks to certain designer clothes for cred but has wised up on other thing but expects way more than my dad did. Me, some way in between. Marrying late meant living with mom and dad for longer than most. That and a salary that wasn't great. Company pension scheme meant later that company changes weren't a good idea as I had seen what can happen in my 20's.

Thought I'd take a look at numbers. 1954 dad probably got about £10 a week. Not sure if that was take home. Average house price was £1800 but as mentioned it was a cheap new one so would be well under average and a 3 bed semi. Told they should have been separate drives but built with party drives.

 

[Brigadier]

I remember her story about throwing the skimmed milk down the drain. I asked her why they didn't give it to the pigs, but she said they thought the milk had absolutely no nutritional value once the cream was skimmed off

Can't remember where I read or heard it, but I recall something along the lines of "semi, and skimmed milk, is normal milk with the goodness taken out of it."

 

[Mottie]

I know you shouldn’t give semi skimmed milk to kids under two or skimmed to kids under 5. Not enough nutrition apparently. Should be full fat. My uncle told me that when he was a milkman.

 

[Mottie]

people with money to invest benefit, those without dont

That’s always been the way hasn’t it?