u/Cronhour

Basically GDP growth is not indicative of people's lives improving as it's not equally shared.

>Gabriel Zucman, an economist at University of California, Berkeley and the Paris School of Economics, said that while in the postwar decades GDP growth numbers were broadly indicative of how income was growing for most of the population, “today, there is a total disconnect between macroeconomic indicators and the reality of income gains for most people”.

>The trust’s data showed that globally, billionaire wealth had grown from 2.5% to 14.1% of GDP since 1990. Britain’s trajectory – 4% to 22% – is even more extreme.

>Simon Pittaway, a senior economist at the Resolution Foundation, said that as total wealth had grown, so had the gaps between the wealthy and the less wealthy. “The growing value of wealth has meant that, even though traditional measures of wealth inequality haven’t risen, the absolute gaps between typical households and those at the top have grown significantly,” he said.

>“Workers have endured the longest pay squeeze in living memory,” said Sahni-Nicholas. “But the richest 50 families now hold more wealth than the poorest 34 million of us combined.”

>While the rich list once tracked the top 1,000 wealthiest people in Britain, it now covers just 350 individuals, with entry to the list requiring wealth of at least £350m.

>The trust’s analysis found that three billionaires were primarily linked to wealth from property, inheritance and finance in 1990, but today finance accounted for about 30% of all billionaire wealth.

>Sahni-Nicholas described this as “rentier capitalism: sitting on appreciating assets, collecting rents, charging fees for moving money around”, adding that it “extracts value from the economy rather than creating it”.

Can the labour right ever learn this lesson or are we doomed to suffer their ideological commitment to neo liberalism until the fascists take over?

So I'm looking to potentially upgrade my situation saw a flat that fits, recently reduced as it was over priced. Approached the letting agent to make a booking, did the survey etc got the call. So affordability for this is 27k I'm earning over 40 in a secure sector full time.

The letting agent asked the questionnaire again then got to notice, so I said well the new regulations require 2 months though it would likely be one and a half as I'll need overlap to move etc.

At this point the letting agent said it wouldn't be worth it as it'll probably be gone by then so they'll just keep my details for future properties. I pointed out I live 2 mins away so can just swing by when someone else is viewing etc. They refused.

I think the housing system is fundamentally broken in this country and that's predominately due to the housing sector being privitised. That said as a landlord would you not want your letting agent to raise every potential tenant? Especially one making significantly over the affordability who is relatively secure?

I don't really feel any sympathy for you as if it was a real job you'd be doing this yourself and not have an agent, but then I also have no sympathy for agents so thought I'd share this little tidbit so you can see how you're being failed.

Oh and before any "this is the big problem with better tenants rights etc." No it isn't, it's a problem with a terrible system that serves the wrong purpose. The rights aren't the issue here.

So I've a question about repair responsibilities. I think I've perhaps exposed myself to some costs but I'm unsure how to progress.

One of the appliances in the house I'm renting stopped working there's a panel in the kitchen with isolator switches for the appliances with fuses just above them, when powered on they have a little red light showing as such on the panel. The light has gone out for one appliance on the panel and it's stopped working. So I assumed the fuse had gone, went to replace it, unfortunately they're is no issue with the fuse, I've swapped them out and tested they work. Now I assumed this is an electrical issue, otherwise the light would come on when the isolation switch was on. However when I contacted the landlord they informed me I was responsible for replacing or repairing the appliance per the tenancy.

There was a a clause added to the standard boilerplate tenancy saying that despite the landlord supplying white goods I was responsible for replacement or repair of them.

So question one, I'm curious around the legality of the clause, I've been here a year now but the kitchen appliances are 10 years plus, is it reasonable/enforceable for me to pay to replace these appliances?

Question two, gov.uk says landlords are responsible for electrical wiring. The appliance is wired into the wall, it's not a plug like I've had in previous properties so I'm not sure how I can test whether the appliance is actually damaged or it's a wiring issue, and where I can even attempt replacement is it's the LL who must carry out electrical work.

Any advice or insight appreciated, I did check the shelter website but it wasn't clear.

So I've a question about repair responsibilities. I think I've perhaps exposed myself to some costs but I'm unsure how to progress.

One of the appliances in the house I'm renting stopped working there's a panel in the kitchen with isolator switches for the appliances with fuses just above them, when powered on they have a little red light showing as such on the panel. The light has gone out for one appliance on the panel and it's stopped working. So I assumed the fuse had gone, went to replace it, unfortunately they're is no issue with the fuse, I've swapped them out and tested they work. Now I assumed this is an electrical issue, otherwise the light would come on when the isolation switch was on. However when I contacted the landlord they informed me I was responsible for replacing or repairing the appliance per the tenancy.

There was a a clause added to the standard boilerplate tenancy saying that despite the landlord supplying white goods I was responsible for replacement or repair of them.

So question one, I'm curious around the legality of the clause, I've been here a year now but the kitchen appliances are 10 years plus, is it reasonable/enforceable for me to pay to replace these appliances?

Question two, gov.uk says landlords are responsible for electrical wiring. The appliance is wired into the wall, it's not a plug like I've had in previous properties so I'm not sure how I can test whether the appliance is actually damaged or it's a wiring issue, and where I can even attempt replacement is it's the LL who must carry out electrical work.

Any advice or insight appreciated, I did check the shelter website but it wasn't clear.