Soap Box

Descended from a family of soap makers, but no longer in the business. Interested in genealogy 👩‍👧‍👦, economics 📊 and bicycles 🚴🏻

[Soap Box @Freemain15]

@MartinSLewis That’s the pernicious impact of inflation: impacts earnings power, relative values / costs, inflated asset prices…

[Soap Box @Freemain15]

@Cerfoo148 @skedeschi @prossertj In your opinion. However, under UK law, the proceeds of crime act has far reaching and extra-territorial reach.

[Soap Box @Freemain15]

@PJCP54 @David__Osland The NHS has always used private practice: the vast majority of GPs are private companies, run by GP Partners, but paid centrally per patient and for performance measures (Vaccine uptake etc)

[Soap Box @Freemain15]

@leedsbee @anon_opin Rising life expectancy? From 70 yrs to 79yrs for men.

It might not fit your narrative, but there’s not a sole factor.

[Soap Box @Freemain15]

@PlymMatth @anon_opin And declining average household size - from 2.9/ house in the 1970s to 2.35 today. That alone needs 5m more houses on a total housing stock of 23m or so.

[Soap Box @Freemain15]

@cesaribarba @TIRMno_capfrfr @becanenY The left side - ie the west side…

[Soap Box @Freemain15]

@Rourkey76 @alexmassie @HugoGye @DanNeidle I’m prepared to bet that, even after explaining, many don’t believe they’re on 62% tax.

[Soap Box @Freemain15]

@MartinSLewis Family 1 pays £14,000 each a year in tax /£28,000. Neighbours still pay £23,000 despite having £30,000 less gross income. Benefit loss rules are just another quirk and disincentive arising from the way progressive tax rules are implemented

[Soap Box @Freemain15]

@cammyk_67 @vince_white @anon_opin A very rough example: on a £100m pension fund, companies were having to pay in £3-5m a year to fill the deficits. The uk dividend tax changes would have cost no more than £250k a year.

[Soap Box @Freemain15]

@cammyk_67 @vince_white @anon_opin Combined with a period of low and declining interest rates globally drove pension liabilities and deficits up. That made DB schemes unaffordable for companies.

[Soap Box @Freemain15]

@MartinSLewis Yes. They keep the cash emergency fund. At the same time they add skew to the portfolio rather than just a marginally better net interest rate elsewhere.

[Soap Box @Freemain15]

@Amadyl_ @Juvelad @akuareindorf To legally transition… as opposed to really transition??

[Soap Box @Freemain15]

@MartinSLewis Timing is very difficult and usual advice is don’t. If they’re worried about loss on the day1, average in.

On avg they should expect to lose >1%/£50 in a day once a week and >2%/£100 1-2 times a month. If they picked tech or crypto stocks the £ could be higher.

[Soap Box @Freemain15]

@TonyEvans1704 @MartinSLewis Yes. The average Joe buys premium bonds (£137bn invested), guarantees the principal and gambles the interest.

[Soap Box @Freemain15]

@TonyEvans1704 @MartinSLewis These are expected values - average outcomes. In a betting context should adjust for risk aversion to get a fair value.

[Soap Box @Freemain15]

@TonyEvans1704 @MartinSLewis Mathematically they’re buying skew. Or as my father put it “there’s no other way I’m going to get a million pounds”…

[Soap Box @Freemain15]

@cjames203 @carlfhoward Judging by the streets, many prioritise a £550 a month PCP car payment over something cheaper and extra money in the pension.

[Soap Box @Freemain15]

@HettyTinks7uu8 @carlfhoward My mother’s overriding memory of visiting her great aunts was there only being digestive biscuits… views about “frugality” and expectations have changed!

[Soap Box @Freemain15]

@CuriousGeoffrey @ZoeJardiniere Other people?