It seems like the taxes only go up while the services get worse in the UK, although I’ve been away for 5 years now so maybe things improved.
Rateable value is based on what the market prices would be to rent that space. So, somebody is doing nicely apparently.
It doesn't benefit a town if rent is so expensive that their businesses shut down.
Say 64 weeks and the process produces one whole home for someone else. I get that there should be some people between the construction worker and the citizen eventho they never did anything useful to the result but the margins are so preposterous that the original salary is a mere rounding error.
Then I look at Amish barn raising videos and the laughter becomes uncontrollable. I would definitely go there and help out - for free of course. If I had to keep doing that I would look for some vegetables and uhh my own house? Even if they would never build it for me it would still be more enjoyable than the western extortion scheme.
In 2026, at 18y minimum wage is €7.36 per hour and at 21y it rockets up to €14.71
Not that youth wage past 18y isn't a stupid concept, but your wage being guaranteed to at least double in ~36 months time is rather relevant.
They also are relating a story from their past and since they have had an account since 2015, I am assuming their youthful past was at least 1 decade ago if not nearly 20 years ago.
Edit: But you are of course right about inflation! According to this website[1] it would bump them to 3.2 EUR/h.
[1]: https://www.inflationtool.com/euro-netherlands/2005-to-prese...
It should’ve been at least 450 euro equivalent even in 1990, using 2024 value euros.
The point was that market value has very little to do with cost but is driven by intentionally limiting construction permits.
Out of the million euro that people have to pay to buy the 350 000 home very little goes towards building it.
The surplus of people looking to live someplace isn't an accident.
Now let us imagine what it is like running a pub. After subtracting the cost and the 5000 rent bill they probably have a sizable negative salary.
Look at it like this: if 18y minimum wage was €3 back then and would double to €6 at 21y, and you're a construction worker working for €8.50 at 18y, you're sure as shit going to demand a raise at 19, 20 and 21 because all the people making minimum wage are getting those raises too. Maybe not a doubling, but you wouldn't (shouldn't) gnash your teeth and still make €8.50 three years later.
And the average house price just went past half a million. Even cheap housing is north of 350K. You can't save up against yearly price increases.
80 hours total on-site labor to build, or 80 hour of your (presumably lower-skill) labor?
The increase in supply then lowers prices.
The problem comes when local laws and the planning permission system make it hard or impossible to increase the supply of homes. Then there's no balancing force to bring prices down when they go up.
For example, if you look at some of the densest cities in the world they are still predominantly single standing homes, just much more tightly packed, and in homes we can't huild. So I believe zoning and planning are the key issues, and I think property developers would actually play a smaller role in solving the supply problem if you allowed individuals to solve this problem themselves with less strict zoning and planning.
Obviously big developments still play a role, but at the stage American cities are often at, NYC excluded, I think zoning being more favourable to medium density would go a long way.
This could all simply be due to a devaluation of the currency, rather than due to increased desirability or productivity.
https://www.ismypubfucked.com/pub/11447801200
> the Inklings, a literary group including J. R. R. Tolkien and C. S. Lewis, started meeting at The Lamb and Flag.
It in fact closed temporarily in the pandemic due to UK law preventing their then owner / operator, St John’s College, a charity, subsidising a loss making business, despite having the wherewithal to do so.
https://www.bbc.com/news/uk-england-oxfordshire-55763746.amp
Same in the Netherlands
There’s time for some party to sort themselves out before the next election is due (Aug 2029).
Any party that does all of these will be guaranteed electoral wins for decades - I've seen the data back when I was a Tory. Problem is, these points are kryptonite to the very identity of either major party.
The EU customs union prevented the UK striking bilateral global free trade deals, and the legacy of EU over-regulation continues to curtail our innovation. The UK has a solid history of global trade and innovation, and it can acheive more if unshackled from the EU.
Austerity is absolutely necessary. If we keep giving the NHS above-inflation pay rises inline with what their staff demand, it would consume the entire annual excess wealth from the productive half of the economy in a matter of decades.
What we need are sensible and pragmatic policies like Reform's scaling back of net zero, for example. The cost of Ed Miliband's net zero measures are an estimated £4.5 trillion over the next 25 years, and a gross cost in excess of £7.6 trillion.
https://iea.org.uk/media/net-zero-could-cost-britain-billion...
That's more than our entire GDP. Just one example is the 20 year wind farm contracts that Miliband has set up, with a guaranteed energy cost that's nearly double the market rate for gas power (and then on top of that we need to pay for wind curtailment, grid upgrades and expensive backup power plants to cover low wind days).
https://x.com/ClaireCoutinho/status/2011335138987168173
We were promised that renewables would reduce energy bills. That was a total fiction, and the politicians are to blame.
Green energy could be a massive success story, and it could make our bills cheaper, but inept politicians from the Tories and Labour have focussed instead on vanity metrics.
On the NHS, of course, gut the only thing that's keeping the country sane. I can literally not keep count anymore of the number of skilled doctors and talent who have left the UK after years of practice because the pay was becoming untenable with current living needs. Remove the NHS and you might as well call yourself a client state of the US.
On renewables and net-zero, yes, what we need is more reliance on conventional fuels so that we can be ever more reliant on Russia and the Middle East and the US right? Meanwhile economies like China, India and even your brethren in Australia are racing to put in more renewables capacity because it is just so much more cheaper and efficient now. Those guys are forging real paths to energy independence, unlike you lot.
Renewables haven't been reducing your energy bills because you guys haven't been putting up anything of note. Wake me up when Hinckley Point C comes online.
You think the NHS is “keeping us sane”. Two of my family members have been close to death waiting for an ambulance that never arrived / waiting in a crowded emergency waiting room with internal bleeding for hours. I pay about £10K per year in tax to the NHS for a service that is inferior to the private care I receive for approx £1K a year. The whole system is a shambles and gets worse every year. It underpays and mistreats its staff. It is inefficient.
On your point about renewables, I never claimed we needed more reliance on fossil fuels. I think we should be building more nuclear plants. France is a shining example of how to generate electricity. And then, once we have affordable battery storage (in a few years) we will be able to expand wind/solar in a sensible fashion without our stupid politicians making our energy bills the highest in the developed world.
> Renewables haven't been reducing your energy bills because you guys haven't been putting up anything of note.
The UK is #1 in Europe for wind capacity and #2 globally for offshore wind (behind China). And we have the highest energy bills in the developed world
You jest.
Overall the tax burden in the UK is middling for western democracies. It's actually on the low side for low earners - which is probably a problem because the distribution is such that the majority pay very little.
The other problem being cliff edges and complexities which distinctive chasing pay rises and working more for a lot of people.
Could you put the actual numbers in for that please, because to me that implies German tax rates of 120%? Is that across all forms of taxation, including local (the relevant one here!)
Median salary of a full time employee in the UK in 2023 (to match the German source): £34,963 [1]
Take home on that salary (after income tax and NI): £28,692 [2]
Effective tax rate on a median salary in the UK: ~18%
Median salary of a full time employee in Germany: €4,479 pm [3] or €53,748 per year
Take home: €34,281 [4]
Effective tax rate on a median salary in Germany: ~36%
Tax _rates_ are not that different, but the previous British governments really ramped up the tax-free allowance, which significantly reduces the effective tax rate.
[1]: https://www.ons.gov.uk/employmentandlabourmarket/peopleinwor...
[2]: https://www.thesalarycalculator.co.uk/salary.php
[3]: https://www.destatis.de/EN/Themes/Labour/Earnings/Earnings-E...