I never cease to have a smile on my face when Roger is explaining things! Huge knowledge with a cheeky wit and grin! 😀👌👍 Keep it up fella, I’m gonna keep watching until the prices come down again…… 🙄🤔😂
can you help the gov, they are bloody useless with money, unless its for their donors. meanwhile we all stand to lose a lot this year due to their incompetence.
A clergyman once corrected me about the "money is the root of all evil" saying, he said it's the love of money, the condemnation relates to avarice and greed rather than money itself🤑
Nice rant. I remember when i built my first house in 79 to 80. I went round the local builder suppliers for gear asking for quotes and made it plain that i wanted the best price they could do. The local plumbing supplier gave ma a price for the heating and i found a much better price from a supplier that was a bit of a drive but well worth doing. I met the sales guy at a a darts match and he remembered me and asked how i was doing. I told him i had bought all my gear from the distant supplier and made a good saving. He got snotty with me and told me i should have come back and got them to see if they could get near what i paid. Went quiet when i said i had assumed that me being honest and asking them for their best price was what they had given me. Property is a good investment but remember the negative equity crisis fueled by the banks and all the people handing their keys back to the building societies when it all went wrong in the early 90s
A golden rant that. On a slightly different subject, energy, I appreciate electricity unit and supply costs going up prohibitly due to issues with gas supplies and other feeble excuses, but if you are with a company the boasts how their supply to your meter is via 100% renewable, how the ###k can they warrent raising the cost of energy, has the wind price gone up? Maybe the cost of sunshine has risen somehow. Can anybody convince me that these greedy companies are not just profiteering because they can? BTW, completely agree with Roger. He needs to build a soap box to stand on. 👍👍👍
It’s a load of nonsense. Every electricity supplier buys their supply for their customers to sell on. If they buy their electricity from a renewable source they get a certificate. Otherwise, they have to buy certificates to be able to say it’s green electricity. So what they do is buy what’s cheapest and just buy all these certificates to cover up the facts. I think they can even buy them from foreign countries who aren’t interested in these certificates.
There's a difference between making a profit by selling something for more than it cost you (which is what all businesses try to do), and profiteering, which is using illegal methods to make an unfair profit (i.e. one not available to other companies). And why pick on green energy? The cost of extracting oil and gas hasn't suddenly gone up, it's just that there isn't enough to go around, so they're making record profits.
UK economy is becoming parasitical by the invention of uneccesary 3rd parties selling documents to each other (I'm part of it) it's also a breeding ground for narcissism with people feeling empowered by there new admin role. Economics and economic structure is a huge part of the deterioration of communities....
Jesus, tell me about it! Try working in Export, shipping or compliance for a time. Some of these arseholes really do have you over a barrel. I really resent being made to feel as if they're doing me a favour for letting me buy their certificates as well.
I am with YOU good sir, all the way! Best greetings from Greece! Over here we have 25% VAT in most electronics and building materials, and 15% VAT for all food, whether cheep or expensive. And for the most part 4,2 times less in monthly wages compared to northern Europe.
it broke my heart to see what the European Union did to Greece, as Yanis says Greece will never EVER pay off that debt. The people of Greece will be paying for that for the rest of history!
The really amazing thing is that Yanis Varoufakis is very much pro E.U and hoped Britain would remain to help change it. The stuffed him and Greece completely but he still thinks it can be changed. Look at them now 278 countries trying to work out what to do about Putin and their dependence on his oil and gas. They are two diverse to agree on anything.
definitely... the govt some ten years ago reduced the number of authorised transcription companies from several hundred to around 50 (I don't recall the precise number settled on), so anyone wishing to rely on a recording, even an official recording from a court hearing pays accordingly. Even ten years ago it was some £250 plus VAT for a started day, or £400+VAT for a complete day - unaffordable for most people with a small business once you're into a second or third hearing. Of course with less suppliers it's easier to make an unwritten cartel tacit agreement.
Worst thing I ever did in business was to register for VAT. After 27 years HMRC had more money out of the business I worked on than I ever did. They might as well have sent me an HMRC tie, because that's who I felt I was working for. Glad to be out of that VAT rat-race.
If I was still in Secondary School Teaching I would make a point of showing the kids this as part of their education in essential life skills. This stuff should be mandatory.
oh don't get me started on money! years ago we got a quote for an extension, £25k, so we started saving up a few years later that same extension was now £40k and now it's £55k my wages haven't doubled in 8 years otherwise i'd be happy to pay the money and i missed out on putting my money in property because i can't afford to have another mortgage on the plus side though, my dad always said that "if you don't have the money in your pocket, you can't afford it" so i'm happy to admit i can't afford a £55k extension 🤣
Thing is, the people that we are paying back all these debts to, do not get effected as they are 1:1 relative to what ever the inflation rate or interest rate is.
Cartels in lightbulbs has been going on for generations. they could last 10 years or more easy but they over drive them to make them last a year. then there is a waste this causes. Since LED's this has gotten so much worse.
I've always said basing the VAT registered threshold on TURNOVER is ridiculous & completely unfair to businesses with high turnover vs profit margins & it should be based on PROFIT.
@@jp6975 I mean you’re probably talking to the wrong person as I’m against pretty much all forms of government spending aside from education. I’d rather have to pay for healthcare, roads, not have state pension (not that it’s liveable), defence, foreign aid, benefits etc etc and avoid losing the 50-70% of my income through NI, income tax , council tax, vat, fuel duty, stamp duty, alcohol duty, road tax etc.
You can also reduce inflation with taxation. It's for political reasons that successive governments have chosen to only use interest rates, rightly or wrongly.
The issue is that interest rates are ‘set’ at all. And no increasing taxation would be about the single worst thing you could do, if anyone knows how not to spend money it’s the government
I had an idea which would help the average builder get a fair price at the builder's merchants, a trade card system or maybe an app, that will allow you to receive a discount at the counter, the more frequent you purchase goods the greater level of discount you get, countless times i walk into builders merchants that i don't often use and as soon as they ask, cash or account? I go into haggling mode and asking for a discount, it is frustrating that you have to ask for a better price so you can get a better profit marging using quality gear at low prices, a trade card system saves the need to ask for a discount, hope this made sense 😊
I've stopped buying from those Shrinkflation masters. No more Florida's Finest , no more cereals....(Now where will I get my sugar?) Fantastic video! (Can I be a Busy Fool ....sounds like my style of inefficiency)
Perfect market indeed. I just realized I paid double for copper 8/7 (edit: 6/7) wire from an electrical supply; observed the same wire at home depot later the same day for half the cost? Why? the supply does volume in 8/7 so charge a more current market price, whereas Home Depot sells less off their coded rack and according to original inventory cost input? Bizarre but thought I would pitch in.
If you travel to the Igloo of an Eskimo, in keeping with tradition he will lend you his wife, but he will never lend you his knife incase it comes back blunt.
Dead right- when I was running a small building company it was basically impossible do do it legally. If the guys wanted say £100 in their pocket, we would have to charge the customer at cost an added 20% for tax, + 13 % for employers NI, + 13% for employees NI , then add 20% VAT on top of that -which equals £175 or 57% on top of the original £100 with no added profit! We always struggled. I think there should be a level playing field where everyone is either VAT registered or not.
exactly. 57% tax for the £100 in his pocket. when he spends his £100 another 50% goes to taxes, dutys and manantory insurances. 50% of whats left goes into profit margins. so of that £175, the guy gets £25 worth of stuff.
Couldn't agree more. I was 27 years in business, when VAT went up to 20 percent that was a tipping point when non-vat competition started to erode our prices, it was a race to the bottom. In the end it was a race to de-register for VAT, "encourage" employees to become subcontractors self employed, It should be one rate, one in, all in. Level playing field. If I lived my self employed life again I would never have any employees, and I'd never get into the VAT trap.
@@moonshinepz Ohh, I forgot about that scam. I made my bosses invoice system in excel when I was about 20 ish. 17.5% never changed in my eyes. I remember 5 years ish later having to un hard code the vat to 15%, which was basicaly the govs way of saying, now you know how, you will be ready for the hike to 20%. they lost 2.5% for about 1-2 years, then gain 5% till now. plus now you have sugar taxes, hot food taxes before the shrink flation can about.Now if you think how big a choclat bar was and cost you 80p, how much it has shrunk by tax and dutys and still 80p shows you how much the govenment has taken out of your mouth. Thing is, there is no shortage of sugar or food, they tax what you have been taxed on already. This country is so full of back handers and foriegn "investment" over the last 30 years, that nobody incharge gave a bollocks of maintaining the countrys basic self sufficences. You can't knock gregs, but couglhan bakerys. They are con artist. they put on hot food taxes twice over. And they sell sausauge rolls in two sizes right next to each other. it's cheeper to buy 2 small ones. 1 bit of bacon in a roll costs something crazy like £3. ANYWAY, I'm ranting now.
Very entertaining video. The builder, plumber and electrician I've engaged with over the last few years have been sourced through my local authority trusted trader scheme and all have been as good as suggested by their customer reviews.
Your last point is why gold and silver have value - they won't make you rich, but they are excellent at preserving your existing wealth. Look at the £/oz of gold, and how much that amount of ££££ will get you now vs 30 years ago
Also - an interesting parallel with the IT industry. But there are definite sectors of “home quality” and “business quality”. Problem is - businesses seem to want business quality for home user pricing. Let alone wanting it to last over 10 years without issue.
Dont talk to me about smaller sizes Take a cadburys dairy milk its reduced in size but the same price,, GET YOUR MONEY INTO LEGO it's better than the stock market
Top video as always! Unfortunately inflation won’t reduce the amount government debt is worth because the lenders shrewdly tied the interest rates to be X percent over the rate of inflation… so the lenders will end up getting paid in full or near enough. This will put us in a really dire situation where the government will only be paying off the interest and not the principal -_-‘
@@SweaterGuyUK I don't, but I know its not really debt at all. We're all following modern monetary theory by the back door these days, and it seems to be working.
I was living in Portugal for a few years and when we had plumbers do work on the house the costs of the plumber and the materials were separate. We paid the plumber to do a job or more usually an hourly rate and he gave us a separate bill for agreed materials or we could source materials ourselves. A much better system than UK where it seems to be, " I'll revamp your bathroom for £10,000." (Yes, I exaggerate a bit - but figures do seem to be plucked out of the air!)
There are plenty of tradesmen in the UK who will work this way. I used to prefer it like this when I was on the kit. Even went as far to forward the customer the merchant invoice on many occasions (so they could make use of my discount) and got the place on the phone for them to pay . It's a far easier way to work and far less monetary risk for the tradesman. You are essentially only chasing payment of your day rate then.
I like a good rant. Thanks you reminded me about the effect of inflation on savings. Will need to think if I should buy that car now before inflation wipes out my buying power.. Dont believe that inflation will stop at 8%. Once inflation takes off its self fueling
Damn! Did a DIY job of my shower earlier this year... and used the exact method you described, with the double silicone seals. It'll hold for now, when I got the time I'll redo the bottom 50cm of the shower with proper backing board, not with 'water resistant' plasterboard like this time. I did do the waterproof tape and pasta in the wall/floor seam, it shouldn't be a big problem in the coming year.
This was great fun, really enjoyed it. My favorite take away was the "square root". I didn't catch the second part but I right away knew I found my position in life. I knight thee, square root of misguided decisions. Whoops Squared. Supercalifragilisticexpialidocious video!
Always enjoy the rants and love your T shirts Mr Rodger . You do Have to keep an eye on wholesalers with there prices they can “ forget what they agreed “ or “ Forgot to put it on the computer “ . As for supper markets one certain supper market put there prices up and then offer to put it down to normal if you have one of those plastic loyalty cards by pretending you get big money off. Even though people should realise many supper markets give little away . People still go to those slippery tricks because they have fancy advertising. People are weird the way they value stuff.
there aint many times in history the national debt has been reduced by paying back it back to the lender and in the past two years the bank of england owns over half of the national debt and who owns the bank of england since 1949
Ah Roger I don’t envy the builder at this moment ! How on earth do you do it estimation I want earth do you tell the customer how much it’s going to cost and there is no certainty and there’s price rises constantly material shortages et cetera.
Enjoyed that, how about a video on how to deal with inflation and wages, yeah you could move job, but how about you work for a small company, you like your employer, but they can't charge more for their services, and you're stuck on lower wages than bigger firms?
Price discovery has been so squewed as a result of the high frequency trade markets. Leaves us fellows on the ground high and dry if the pyramid goes upsidedown. Many guys that I know whom negotiated fixed price contracts pre pandemic are now freaking out. Having a goods price flucutation clause is as wise as you can do me thinks.
I think part of the issue is because money is worth too much these days. Each generation that comes in gets more for their cash than the previous gen. It went from owning a bit of land to grow food, to getting a pig and chickens, then better tools to make your own things, bicycles, then cars, now gadgets and phones, holidays abroad, etc etc. So the greed for money becomes even greater each generation for each person. When you've only got a small patch you merely want some chickens, when you own billions in property assets you want control over the land. The answer, enjoy the sunshine and a few indulgences, don't work your life away for regular holidays and a detached house paid off come 70yrs old
Hmmm that misses the point that the VAT registered builder can get rid of VAT on all his purchases and expenses, and therefore can do the work more cheaply. Also, one can look at VAT as a free loan of capital from the government until it's paid, as long as one is sure one can pay it when the time comes - it's good for cashflow.
Vat registered builders will always be more expensive. You don't make money from materials. You just end up paying more tax on your labour. The only time a Vat builder wins is when purchasing equipment for the business. Tools, vans, office equipment and fuel.
@@Lignumcarpentry that's really part of the point of VAT - it means people invest in equipment, tools and education/courses. In the nicest way, it sounds as though you'd do well seeing a good accountant who can tell you how to play with money to your advantage as a builder.
Buy land and/or machines and specialized tools that you'll be able to resell easy. Prices of everything is going to go up over time. If you have place to storage it, of course. Land is by far the best choice since it's value won't go down. Especially in the expanding neighbourhoods. I've bought used car last year and it's worth 1000 euros more this year.
Far too many ‘cowboys’ around roger who have little incentive to improve their quality because the trades regulatory authorities don‘t seem able (or willing) to ensure professional standards are maintained. You only have to watch some TH-cam videos by some who purport to be professionals but pay little heed to the standards / requirements to the extent that even punters like me can spot the basic failings. It makes it ver difficult to assure value for money / quality. P.S. I watch all your videos and have no doubt about your bona files and that of your collaborators. More strength to your elbow.
Meh, trades people are failing to innovate. Been trying to have a well put it and they wanna charge 50 grand. Total clown prices. They blame the city because they were forced to replace all their trucks because of emissions or whatever. Sounds like a whole lot of excuse making to me. Pretty soon we're all just going to buy pre-made houses from Japan because damn contractors are failing to innovate.
Money is an idea. It's the reward received for service rendered. The late Bob Proctor would say money goes where it's welcome and stays where it's comfortable.
The nail on the head. The world spins around greediness, is it for money or land (Ukraine) but at some point the system will collaps. What if the customers really can't buy your products anymore? Prices go up and up, inflation is at a historic level, but raise in wages?????? We can't raise your wages does your boss say, all the expenditure is going into rising energy costs. I think the most wise way to invest your money is into saving money, by insulating your home and lowering your energy bills. The return on that is many times higher than even the best stock broker can offer you, if you do it well.
Metals, especially precious metals have had their prices manipulated for a long while, gold and silver (especially silver) have been kept artificially low.Silver should be worth about £800-900 an ounce, and probably will be soon, Currently the price is being manipulated at £18-£19 , although we can't buy it for less than about £32.???
Five percentage kept for snagging - any good builder won’t worry and will do a finished job. Communication reduces friction :-) Shrinkflaction - Cartels great stuff!
Absolutely awesome rant Roger. What you say is so true (unfortunately!). Like you, I'm facing retirement and needing to call on my pension. In my case it is with Scottish Widows. Continually loses money but they continue to draw their fee unabated! Doesn't seem right somehow. Think I'll start chopping up my furniture ready to burn next winter.
I am with Scottish Widows but before that I was with Equitable Life and that went belly up. I also had shares in Northern Rock. I was thinking of becoming an investment adviser, whatever I do if you do the opposite you will be fine.
How about if the buyer is happy to pay more for quality work and still ends up stuffed? I know a place where the wood work in a big lot of garages needed to be replaced due to the wood was rotting up. They asked for hardwood to be used in order to last. Guess what, no hard wood was used, standard pine was used together with exterior grade ply. The so called exterior grade ply is delaminating and the whole thing needs to be replaced again just in a matter in months.
Was waiting on you to explain what an NFT is after mentioning cryptocurrencies. After trying to understand crypto and Non-Fungible Tokens, i now know what my parents felt like years ago when i was trying to explain what the internet is. It sucks to feel old. At 30.
12:08 That's not the only way; it's the most convenient way and it's artificial. Instead, decrease govt spending and market manipulation. Basically, undo lots of govt intervention -- including interest-rate manipulation.
love it thanks, good info, solid bloke. wish I could find those high quality contractors around my borough! a collab between you and Colin Firth would be awesome
Crypto = Decentralised system in which only the buyer & seller make the transaction. No worries about inflation. SHIBA INU for example has gone up by 48,000 % in a year. Why would you keep your money’s in the bank so you can make 1% a year!
There should NOT be any VAT on Building Projects. you are creating value, improving the stock of Living Accommodation and this is improving society - Getting rid of this would be a great help to everyone.
0:35 There isn't really any evidence of there ever being a barter system. Forms of currency have been around ever since we've been doing things in big organised groups. Barter appears in systems that already have currency as a substitute if currency is unavailable for whatever reason. Other than that this is pretty spot on!
@@SkillBuilder Absolutely, what I wanted to point out is that there wasn't a barter economy at some point that evolved to an economic system with money. Even in agrarian societies the coincidence of wants makes barter completely unworkable. This channel is Gold, btw
![How to Get a Developer Job - Even in This Economy [Full Course]](/img/n.gif)
I never cease to have a smile on my face when Roger is explaining things! Huge knowledge with a cheeky wit and grin! 😀👌👍 Keep it up fella, I’m gonna keep watching until the prices come down again…… 🙄🤔😂
You are the best, it's just like a person working 9-5 the wages never goes up with inflation. Its a con!!!
I studied a degree in economics and I must say that this video is fantastic!
can you help the gov, they are bloody useless with money, unless its for their donors. meanwhile we all stand to lose a lot this year due to their incompetence.
Roger for prime minister!
A clergyman once corrected me about the "money is the root of all evil" saying, he said it's the love of money, the condemnation relates to avarice and greed rather than money itself🤑
Yes, I knew that but I like the shorted version
sounds like a fancy clergyman
Nice rant. I remember when i built my first house in 79 to 80. I went round the local builder suppliers for gear asking for quotes and made it plain that i wanted the best price they could do. The local plumbing supplier gave ma a price for the heating and i found a much better price from a supplier that was a bit of a drive but well worth doing. I met the sales guy at a a darts match and he remembered me and asked how i was doing. I told him i had bought all my gear from the distant supplier and made a good saving. He got snotty with me and told me i should have come back and got them to see if they could get near what i paid. Went quiet when i said i had assumed that me being honest and asking them for their best price was what they had given me. Property is a good investment but remember the negative equity crisis fueled by the banks and all the people handing their keys back to the building societies when it all went wrong in the early 90s
A golden rant that.
On a slightly different subject, energy, I appreciate electricity unit and supply costs going up prohibitly due to issues with gas supplies and other feeble excuses, but if you are with a company the boasts how their supply to your meter is via 100% renewable, how the ###k can they warrent raising the cost of energy, has the wind price gone up? Maybe the cost of sunshine has risen somehow. Can anybody convince me that these greedy companies are not just profiteering because they can?
BTW, completely agree with Roger. He needs to build a soap box to stand on. 👍👍👍
we got solar panels, our rate of payment to energy suppler hasn't gone up, but there still charging us more for green energy electric. !!!
It’s a load of nonsense. Every electricity supplier buys their supply for their customers to sell on. If they buy their electricity from a renewable source they get a certificate. Otherwise, they have to buy certificates to be able to say it’s green electricity. So what they do is buy what’s cheapest and just buy all these certificates to cover up the facts. I think they can even buy them from foreign countries who aren’t interested in these certificates.
Have a look at Grid Watch Templa you can see that gas forms a big and important part of our electricity supply.
There's a difference between making a profit by selling something for more than it cost you (which is what all businesses try to do), and profiteering, which is using illegal methods to make an unfair profit (i.e. one not available to other companies).
And why pick on green energy? The cost of extracting oil and gas hasn't suddenly gone up, it's just that there isn't enough to go around, so they're making record profits.
I think it's to do with the global market fixing the costs. But you make a funny but sad point. Green, my arse indeed
1 min in and you are asking the right questions. So important but so few people understand. Fiat currency is a confidence trick!
More debt than savings so fully prepared for the coming inflation hikes.😂 Wasn't planning on retiring until my pine coat was ready.
Cement prices are about to go up again, so getting a written quote from the merchant on any cement products is a great shout.
Nowadays you need everything to be written otherwise you are stuffed. Not only for cement quotes.
The solution is to do just enough decent quality work to get by then go and enjoy your life. Chasing money is completely futile
UK economy is becoming parasitical by the invention of uneccesary 3rd parties selling documents to each other (I'm part of it) it's also a breeding ground for narcissism with people feeling empowered by there new admin role. Economics and economic structure is a huge part of the deterioration of communities....
Jesus, tell me about it! Try working in Export, shipping or compliance for a time. Some of these arseholes really do have you over a barrel.
I really resent being made to feel as if they're doing me a favour for letting me buy their certificates as well.
This is exactly what insurers have done. It's frustrating because insurers don't actually manufacture anything.
I am with YOU good sir, all the way! Best greetings from Greece! Over here we have 25% VAT in most electronics and building materials, and 15% VAT for all food, whether cheep or expensive. And for the most part 4,2 times less in monthly wages compared to northern Europe.
it broke my heart to see what the European Union did to Greece, as Yanis says Greece will never EVER pay off that debt.
The people of Greece will be paying for that for the rest of history!
Don’t you just love the Germans.
@@GavinLawrence747 A gross misuse of power on Greece. The EU lovers in the UK don't want to hear about.
The really amazing thing is that Yanis Varoufakis is very much pro E.U and hoped Britain would remain to help change it. The stuffed him and Greece completely but he still thinks it can be changed.
Look at them now 278 countries trying to work out what to do about Putin and their dependence on his oil and gas. They are two diverse to agree on anything.
@@SkillBuilder They never agreed about what to do about vaccination either so they just rubbished the AZ one in spite.
I think this is called Rogernomics.
I wonder whether the legal profession could legitimately be called a cartel? The quest for justice certainly does seem expensive!
likewise with medical health care: nothing is free in life.
Completely is, all about more money for the boys.
definitely... the govt some ten years ago reduced the number of authorised transcription companies from several hundred to around 50 (I don't recall the precise number settled on), so anyone wishing to rely on a recording, even an official recording from a court hearing pays accordingly. Even ten years ago it was some £250 plus VAT for a started day, or £400+VAT for a complete day - unaffordable for most people with a small business once you're into a second or third hearing. Of course with less suppliers it's easier to make an unwritten cartel tacit agreement.
Supply 🤝Demand
Explains things so well
Worst thing I ever did in business was to register for VAT.
After 27 years HMRC had more money out of the business I worked on than I ever did.
They might as well have sent me an HMRC tie, because that's who I felt I was working for.
Glad to be out of that VAT rat-race.
Roger 's rants......
Fantastically entertaining..... 👍
If I was still in Secondary School Teaching I would make a point of showing the kids this as part of their education in essential life skills. This stuff should be mandatory.
Takes me back to my Economics A level in 1980. Good analysis, and I don’t understand Crypto either!
Roger needs to do a rant on getting quotes and dates for starting work, getting quotes and dates for work is another friction.
Great video Roger !!! a great explanation of the current world finical situation.........well done Sir !!!
Spot on Roger,God help us
oh don't get me started on money!
years ago we got a quote for an extension, £25k, so we started saving up
a few years later that same extension was now £40k
and now it's £55k
my wages haven't doubled in 8 years otherwise i'd be happy to pay the money
and i missed out on putting my money in property because i can't afford to have another mortgage
on the plus side though, my dad always said that "if you don't have the money in your pocket, you can't afford it" so i'm happy to admit i can't afford a £55k extension 🤣
Thing is, the people that we are paying back all these debts to, do not get effected as they are 1:1 relative to what ever the inflation rate or interest rate is.
Two kinds of builders...one who is overskilled to be employed and one who is unskillable to be employed 😄
find the balance
@@neiltjames3564 To be honest, I don’t know if the balance exists.
We don't have MONEY. We have CURRENCY.
Cartels in lightbulbs has been going on for generations. they could last 10 years or more easy but they over drive them to make them last a year. then there is a waste this causes. Since LED's this has gotten so much worse.
Easily modded to make them last ages, as Big Clive's channel shows.
The love of money is the root of all evil, Roger 😁
I knew that but it suited my purpose to truncate it. I have no shame
is there any better way? shame but its probably the best guess
I've always said basing the VAT registered threshold on TURNOVER is ridiculous & completely unfair to businesses with high turnover vs profit margins & it should be based on PROFIT.
Should be based on nothing. Nobody should pay it
@@PiOfficial But that argument to apply to pretty much all forms of taxation. Without taxation where would the government get funds?
@@jp6975 I mean you’re probably talking to the wrong person as I’m against pretty much all forms of government spending aside from education. I’d rather have to pay for healthcare, roads, not have state pension (not that it’s liveable), defence, foreign aid, benefits etc etc and avoid losing the 50-70% of my income through NI, income tax , council tax, vat, fuel duty, stamp duty, alcohol duty, road tax etc.
You can also reduce inflation with taxation. It's for political reasons that successive governments have chosen to only use interest rates, rightly or wrongly.
The issue is that interest rates are ‘set’ at all. And no increasing taxation would be about the single worst thing you could do, if anyone knows how not to spend money it’s the government
THANKS ROGER Spot on the government is pushing for a recession towards the end of the year
I had an idea which would help the average builder get a fair price at the builder's merchants, a trade card system or maybe an app, that will allow you to receive a discount at the counter, the more frequent you purchase goods the greater level of discount you get, countless times i walk into builders merchants that i don't often use and as soon as they ask, cash or account? I go into haggling mode and asking for a discount, it is frustrating that you have to ask for a better price so you can get a better profit marging using quality gear at low prices, a trade card system saves the need to ask for a discount, hope this made sense 😊
Not to mention the overpriced to make thier £5 house brick sound like a great deal at 50% discount
I've stopped buying from those Shrinkflation masters. No more Florida's Finest , no more cereals....(Now where will I get my sugar?) Fantastic video! (Can I be a Busy Fool ....sounds like my style of inefficiency)
The freddo frog economic explanation.
Perfect market indeed. I just realized I paid double for copper 8/7 (edit: 6/7) wire from an electrical supply; observed the same wire at home depot later the same day for half the cost? Why? the supply does volume in 8/7 so charge a more current market price, whereas Home Depot sells less off their coded rack and according to original inventory cost input? Bizarre but thought I would pitch in.
Love the organised garage👍🏽 you are missing a tool on the right though…. I never lend our my tools ⚒️ as you never get them back!
If you travel to the Igloo of an Eskimo, in keeping with tradition he will lend you his wife, but he will never lend you his knife incase it comes back blunt.
Dead right- when I was running a small building company it was basically impossible do do it legally. If the guys wanted say £100 in their pocket, we would have to charge the customer at cost an added 20% for tax, + 13 % for employers NI, + 13% for employees NI , then add 20% VAT on top of that -which equals £175 or 57% on top of the original £100 with no added profit! We always struggled. I think there should be a level playing field where everyone is either VAT registered or not.
exactly. 57% tax for the £100 in his pocket. when he spends his £100 another 50% goes to taxes, dutys and manantory insurances. 50% of whats left goes into profit margins. so of that £175, the guy gets £25 worth of stuff.
Couldn't agree more. I was 27 years in business, when VAT went up to 20 percent that was a tipping point when non-vat competition started to erode our prices, it was a race to the bottom. In the end it was a race to de-register for VAT, "encourage" employees to become subcontractors self employed,
It should be one rate, one in, all in. Level playing field.
If I lived my self employed life again I would never have any employees, and I'd never get into the VAT trap.
@@moonshinepz Ohh, I forgot about that scam. I made my bosses invoice system in excel when I was about 20 ish. 17.5% never changed in my eyes. I remember 5 years ish later having to un hard code the vat to 15%, which was basicaly the govs way of saying, now you know how, you will be ready for the hike to 20%. they lost 2.5% for about 1-2 years, then gain 5% till now. plus now you have sugar taxes, hot food taxes before the shrink flation can about.Now if you think how big a choclat bar was and cost you 80p, how much it has shrunk by tax and dutys and still 80p shows you how much the govenment has taken out of your mouth. Thing is, there is no shortage of sugar or food, they tax what you have been taxed on already. This country is so full of back handers and foriegn "investment" over the last 30 years, that nobody incharge gave a bollocks of maintaining the countrys basic self sufficences. You can't knock gregs, but couglhan bakerys. They are con artist. they put on hot food taxes twice over. And they sell sausauge rolls in two sizes right next to each other. it's cheeper to buy 2 small ones. 1 bit of bacon in a roll costs something crazy like £3.
ANYWAY, I'm ranting now.
@@UberAlphaSirus Rant away, you aren't alone in that one 👍
Very entertaining video. The builder, plumber and electrician I've engaged with over the last few years have been sourced through my local authority trusted trader scheme and all have been as good as suggested by their customer reviews.
This is great summary Roger, nice one 👍
Your last point is why gold and silver have value - they won't make you rich, but they are excellent at preserving your existing wealth. Look at the £/oz of gold, and how much that amount of ££££ will get you now vs 30 years ago
Also - an interesting parallel with the IT industry.
But there are definite sectors of “home quality” and “business quality”.
Problem is - businesses seem to want business quality for home user pricing.
Let alone wanting it to last over 10 years without issue.
Dont talk to me about smaller sizes
Take a cadburys dairy milk its reduced in size but the same price,, GET YOUR MONEY INTO LEGO it's better than the stock market
i just learnt that historically house prices in the uk have doubled every 8 years. checked it and its true
Real food for thought - thanks Roger
Top video as always!
Unfortunately inflation won’t reduce the amount government debt is worth because the lenders shrewdly tied the interest rates to be X percent over the rate of inflation… so the lenders will end up getting paid in full or near enough.
This will put us in a really dire situation where the government will only be paying off the interest and not the principal -_-‘
Not the 50% ish that's with the BoE though I don't think.
@@TheSpoovy so we’re only 50% up the creek? 😉
Do you know how much of that 50% is from QE?
@@SweaterGuyUK I don't, but I know its not really debt at all. We're all following modern monetary theory by the back door these days, and it seems to be working.
I was living in Portugal for a few years and when we had plumbers do work on the house the costs of the plumber and the materials were separate. We paid the plumber to do a job or more usually an hourly rate and he gave us a separate bill for agreed materials or we could source materials ourselves. A much better system than UK where it seems to be, " I'll revamp your bathroom for £10,000." (Yes, I exaggerate a bit - but figures do seem to be plucked out of the air!)
There are plenty of tradesmen in the UK who will work this way. I used to prefer it like this when I was on the kit.
Even went as far to forward the customer the merchant invoice on many occasions (so they could make use of my discount) and got the place on the phone for them to pay .
It's a far easier way to work and far less monetary risk for the tradesman. You are essentially only chasing payment of your day rate then.
Maybe why I do everything myself (multiskilled) still can beat rising costs though.......
Roger for PM is what I say
I agree, I never watch him in the morning either.
I like a good rant. Thanks you reminded me about the effect of inflation on savings. Will need to think if I should buy that car now before inflation wipes out my buying power.. Dont believe that inflation will stop at 8%. Once inflation takes off its self fueling
Damn! Did a DIY job of my shower earlier this year... and used the exact method you described, with the double silicone seals. It'll hold for now, when I got the time I'll redo the bottom 50cm of the shower with proper backing board, not with 'water resistant' plasterboard like this time.
I did do the waterproof tape and pasta in the wall/floor seam, it shouldn't be a big problem in the coming year.
This was great fun, really enjoyed it. My favorite take away was the "square root". I didn't catch the second part but I right away knew I found my position in life. I knight thee, square root of misguided decisions.
Whoops Squared. Supercalifragilisticexpialidocious video!
The square root of stuff all
Always enjoy the rants and love your T shirts Mr Rodger . You do Have to keep an eye on wholesalers with there prices they can “ forget what they agreed “ or “ Forgot to put it on the computer “ . As for supper markets one certain supper market put there prices up and then offer to put it down to normal if you have one of those plastic loyalty cards by pretending you get big money off. Even though people should realise many supper markets give little away . People still go to those slippery tricks because they have fancy advertising. People are weird the way they value stuff.
there aint many times in history the national debt has been reduced by paying back it back to the lender and in the past two years the bank of england owns over half of the national debt and who owns the bank of england since 1949
Ah Roger I don’t envy the builder at this moment ! How on earth do you do it estimation I want earth do you tell the customer how much it’s going to cost and there is no certainty and there’s price rises constantly material shortages et cetera.
You should stand as an MP
Enjoyed that, how about a video on how to deal with inflation and wages, yeah you could move job, but how about you work for a small company, you like your employer, but they can't charge more for their services, and you're stuck on lower wages than bigger firms?
Price discovery has been so squewed as a result of the high frequency trade markets. Leaves us fellows on the ground high and dry if the pyramid goes upsidedown. Many guys that I know whom negotiated fixed price contracts pre pandemic are now freaking out. Having a goods price flucutation clause is as wise as you can do me thinks.
I think part of the issue is because money is worth too much these days. Each generation that comes in gets more for their cash than the previous gen. It went from owning a bit of land to grow food, to getting a pig and chickens, then better tools to make your own things, bicycles, then cars, now gadgets and phones, holidays abroad, etc etc. So the greed for money becomes even greater each generation for each person. When you've only got a small patch you merely want some chickens, when you own billions in property assets you want control over the land.
The answer, enjoy the sunshine and a few indulgences, don't work your life away for regular holidays and a detached house paid off come 70yrs old
"The square root of stuff all" . This really made me laugh......
Hmmm that misses the point that the VAT registered builder can get rid of VAT on all his purchases and expenses, and therefore can do the work more cheaply. Also, one can look at VAT as a free loan of capital from the government until it's paid, as long as one is sure one can pay it when the time comes - it's good for cashflow.
Still end up being more expensive to the customer than the non VAT guy. And an unpaid tax collector.
Vat registered builders will always be more expensive. You don't make money from materials. You just end up paying more tax on your labour. The only time a Vat builder wins is when purchasing equipment for the business. Tools, vans, office equipment and fuel.
@@Lignumcarpentry that's really part of the point of VAT - it means people invest in equipment, tools and education/courses. In the nicest way, it sounds as though you'd do well seeing a good accountant who can tell you how to play with money to your advantage as a builder.
@@UberAlphaSirus we're unpaid tax collectors in any case. VAT has serious advantages if you exploit them carefully.
Love the t-shirt... Present from the wife perchance?! (Great video by the way) 👍😁
No it came from Dylan our camerman and editor
@@SkillBuilder Nice one Dylan! 🙌
You need to be a collage lecturer Rog
Buy land and/or machines and specialized tools that you'll be able to resell easy. Prices of everything is going to go up over time. If you have place to storage it, of course. Land is by far the best choice since it's value won't go down. Especially in the expanding neighbourhoods. I've bought used car last year and it's worth 1000 euros more this year.
Far too many ‘cowboys’ around roger who have little incentive to improve their quality because the trades regulatory authorities don‘t seem able (or willing) to ensure professional standards are maintained. You only have to watch some TH-cam videos by some who purport to be professionals but pay little heed to the standards / requirements to the extent that even punters like me can spot the basic failings. It makes it ver difficult to assure value for money / quality. P.S. I watch all your videos and have no doubt about your bona files and that of your collaborators. More strength to your elbow.
Meh, trades people are failing to innovate. Been trying to have a well put it and they wanna charge 50 grand. Total clown prices. They blame the city because they were forced to replace all their trucks because of emissions or whatever. Sounds like a whole lot of excuse making to me. Pretty soon we're all just going to buy pre-made houses from Japan because damn contractors are failing to innovate.
Money is an idea. It's the reward received for service rendered. The late Bob Proctor would say money goes where it's welcome and stays where it's comfortable.
The nail on the head.
The world spins around greediness, is it for money or land (Ukraine) but at some point the system will collaps.
What if the customers really can't buy your products anymore? Prices go up and up, inflation is at a historic level, but raise in wages??????
We can't raise your wages does your boss say, all the expenditure is going into rising energy costs.
I think the most wise way to invest your money is into saving money, by insulating your home and lowering your energy bills.
The return on that is many times higher than even the best stock broker can offer you, if you do it well.
It's not about money or land. This is what everyone gets wrong. It's about power.
Metals, especially precious metals have had their prices manipulated for a long while, gold and silver (especially silver) have been kept artificially low.Silver should be worth about £800-900 an ounce, and probably will be soon, Currently the price is being manipulated at £18-£19 , although we can't buy it for less than about £32.???
Great rant rodger and im impressed with you just mentioning Crypto not bad for a plumber x
Five percentage kept for snagging - any good builder won’t worry and will do a finished job. Communication reduces friction :-) Shrinkflaction - Cartels great stuff!
Absolutely awesome rant Roger. What you say is so true (unfortunately!). Like you, I'm facing retirement and needing to call on my pension. In my case it is with Scottish Widows. Continually loses money but they continue to draw their fee unabated! Doesn't seem right somehow. Think I'll start chopping up my furniture ready to burn next winter.
I am with Scottish Widows but before that I was with Equitable Life and that went belly up. I also had shares in Northern Rock.
I was thinking of becoming an investment adviser, whatever I do if you do the opposite you will be fine.
Ha-Ha! I'll bear that in mind!
Hi I'm Roger Busy Bee from Guy Richie's next blockbuster.
How about if the buyer is happy to pay more for quality work and still ends up stuffed? I know a place where the wood work in a big lot of garages needed to be replaced due to the wood was rotting up. They asked for hardwood to be used in order to last. Guess what, no hard wood was used, standard pine was used together with exterior grade ply. The so called exterior grade ply is delaminating and the whole thing needs to be replaced again just in a matter in months.
Love your shirt man
Waw, you've made me think, I'm speechless
True inflation is 15% per year. You need to increase your income by this yearly in order to not get get poorer.
Why do builders always underestimate the cost and underestimate how long the job is going to take,are they really eternal optimists? 😆
Was waiting on you to explain what an NFT is after mentioning cryptocurrencies.
After trying to understand crypto and Non-Fungible Tokens, i now know what my parents felt like years ago when i was trying to explain what the internet is.
It sucks to feel old. At 30.
I'm sure some bags of sand/ballast Are 20kg now
Yep, I picked up a 20kg bag of plaster and didn't notice till I got it home. To be fair though, 50kg is too heavy for safe lifting.
12:08 That's not the only way; it's the most convenient way and it's artificial. Instead, decrease govt spending and market manipulation. Basically, undo lots of govt intervention -- including interest-rate manipulation.
Roger for chancellor
LOVE IT! TOP RANT👍
Great rant Roger!
love it thanks, good info, solid bloke. wish I could find those high quality contractors around my borough! a collab between you and Colin Firth would be awesome
Wait for new (QFS) Quantum Financial System coming in soon, May present new good things and bad.
2:40 if you cant build teach if you cant teach build
Fantastic man
The painting are all sold by 6 auction houses and are all stored in tax free ports.
Total con.
Crypto = Decentralised system in which only the buyer & seller make the transaction. No worries about inflation. SHIBA INU for example has gone up by 48,000 % in a year. Why would you keep your money’s in the bank so you can make 1% a year!
They aren't all decentralised.
There should NOT be any VAT on Building Projects. you are creating value, improving the stock of Living Accommodation and this is improving society - Getting rid of this would be a great help to everyone.
Money = gold and silver
Everything else = currency there’s a huge difference
0:35 There isn't really any evidence of there ever being a barter system. Forms of currency have been around ever since we've been doing things in big organised groups. Barter appears in systems that already have currency as a substitute if currency is unavailable for whatever reason.
Other than that this is pretty spot on!
There is still a barter system.
@@SkillBuilder Absolutely, what I wanted to point out is that there wasn't a barter economy at some point that evolved to an economic system with money. Even in agrarian societies the coincidence of wants makes barter completely unworkable. This channel is Gold, btw
Sub prime mortgages usa? Noticed here in uk they are relaxing the rules and criteria for lending....
Yes same disaster, people throwing in the keys when interest rates rise
I'm not sure if we should make this bloke Prime Minister, Chancellor of the Exchequer or both.
Make me the tea boy, that is my real talent
Great T shirt … my missus wants to buy one for me ? 🙂… top lesson as always Roger
Awesome.
All PLC companies are a "Cartel". Look deep enough and you will find the conflicts of interest.
I like this guy, he's like the david bellamy of the building trade