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Farage Ltd and Similar Watch

Tredman said:
I'd say a cap on how much you can add per year rather than hold in total.
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Not sure that would be the best way. That would make it harder for new savers to build a decent pot and allow those with hundreds of thousands in ISAs to add more.
 
I can't stress how much I believe in investing, if i could turn back the clock I would have put away at least £50 each month into as soon as i started working.

Savings are a false economy, and rarely outstrip inflation. The figure the govt use for inflation is wrong as I think it ignores housing costs so energy etc doesn't count, i think rent is ignored but mortgages etc certainly are. It also ignores shrink-flation where companies reduce the size / quality of their offering.

Investing will beat inflation, but your time horizons have to be at least 5 years
 
AndyWolves said:
I can't stress how much I believe in investing, if i could turn back the clock I would have put away at least £50 each month into as soon as i started working.
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Couldn't agree more. The government trying to push people into investing over saving is the right call, but they are fucking terrible at comms, so it won't hit properly.
 
Elephant Pyjamas said:
I know inflation is "only" at 3.5% but it certainly feels much worse than that doesn't it?

Food shopping seems to go up noticeably every couple of weeks
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Really does. There's absolutely no fucking way that my big weekly shop is even only 5% more than it was last year; it's near enough doubled since Covid. The 'shopping basket' that they use to measure these things is generally based the pricing history of a specific SKU, given to the ONS by a specific retailer,. So if they say 'own-brand ready salted crisps' are the same price as last year', that will pull down the overall grocery basket, even if every single other flavour and brand of crisps has gone up by 20%. They also don't account for shrinkflation, so if the bag goes from 22g to 20g - meaning you'd technically have to spend 10% more to get the same amount of crisps, they can report that the price has remained the same. Obviously they'll collect data on various crisps from various places, but it can be manipulated pretty easily.
 
Elephant Pyjamas said:
I know it's M and S, and only idiots would spend this much...but fuck me 150 quid for a turkey.

christmasfood.marksandspencer.com

Turkeys

To get the main event sorted, browse Select Farms turkeys from our Christmas Food to Order menu. Find succulent birds to serve up to 18 guests, at M&S.
christmasfood.marksandspencer.com christmasfood.marksandspencer.com
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No idea what a turkey costs, as I’ve never bought one. But £17.50/kg doesn’t seem too crazy for “quality meat”.
 
PuntsWolf said:
No idea what a turkey costs, as I’ve never bought one. But £17.50/kg doesn’t seem too crazy for “quality meat”.
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The 150 quid one is £33.33/kg

And it's Turkey, thats not "quality meat" it became the christmas tradition because it was cheap.
 
Elephant Pyjamas said:
The 150 quid one is £33.33/kg

And it's Turkey, thats not "quality meat" it became the christmas tradition because it was cheap.
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I genuinely would rather have chicken than turkey. But we have to have it because it's 'traditiional'.🙄
 
It's often the case that retailers/restaurants/etc will have a "deluxe" option at a ridiculous price that they don't really expect to sell much of, but it has the effect of making everything else look much more reasonably priced.
 
Good, Better and Best.
Is a method of retail pricing.
Some will go for the cheapest.
Some will go for the 'good value' option.
Some will always go for the most expensive.
It's psychological.
 
Wolftone said:
I genuinely would rather have chicken than turkey. But we have to have it because it's 'traditiional'.🙄
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Ditto. Only compensation is, the wife cooks a better bird than my dear old Mother used to.
 
Del Woppio said:
Really does. There's absolutely no fucking way that my big weekly shop is even only 5% more than it was last year; it's near enough doubled since Covid. The 'shopping basket' that they use to measure these things is generally based the pricing history of a specific SKU, given to the ONS by a specific retailer,. So if they say 'own-brand ready salted crisps' are the same price as last year', that will pull down the overall grocery basket, even if every single other flavour and brand of crisps has gone up by 20%. They also don't account for shrinkflation, so if the bag goes from 22g to 20g - meaning you'd technically have to spend 10% more to get the same amount of crisps, they can report that the price has remained the same. Obviously they'll collect data on various crisps from various places, but it can be manipulated pretty easily.
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Yep, The Grocer does Grocer 33 where they go round the big players weekly and buy 33 equitable items, if they're to be believed our prices have only gone up 0.4% this year on this basket.

You've put the prices up so much elsewhere that you can afford to keep the prices artificially low. It's a bit like Shi after whacking season tickets up to £630+ offering tickets in the Graham Hughes for £500 and then going "see, we're reasonably priced" ignoring that the low, stable prices are only available on a tiny fraction of products.

Some proper cognitive gymnastics there to shoehorn calling Shi a cunt in a Cozzy Livs discussion.
 
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