Just as well the Commonwealth Government Budget wasn’t tabled last week – that would have been too much of a mixed message. A nation’s budget is all about redistribution of wealth, a concept worth keeping in mind at a time when £100 million of British taxpayers’ money was spent on an unnecessary coronation pageant. As has been repeatedly pointed out, Prince Charles became King by default on September 8, 2022, on the death of his…
When our internet landline rings (rarely), I know for certain it will be my sister in New Zealand or Guide Dogs Australia asking for “Mrs Wilson”. She Who Gives to Charity Sometimes is like most of us. If she feels inclined to donate to a charity, she likes to do it on her terms. Guide Dogs Australia is a worthy charity that we support in several small ways (calendars, Christmas cards and so on). In…
You know how it goes. You’ve finished ferrying 16 items down the checkout conveyor and the assistant says: $142.99 – cash or card? “How do the poor people get by?” I ask of no-one in particular. Later, I went to the butcher ($47) and the organic fruit and vegetable shop ($56), all up $245. She Who Pays the Bills said: “But we only needed a few things”. Now if we were on unemployment benefit, such profligacy…
It is probably no comfort to anyone to reflect on the year when investors could get 14.95% on a bank term deposit. It was January 1991, the recession Paul Keating said we had to have. People with personal loans and credit card debt watched horrified as repayment rates went to 20% and beyond. The average variable mortgage rate rose to 17.5% at the same time. The gap between the haves and have-nots in that era…