Ep 20: Why Are Teachers STILL Striking?

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Greedy Banks Incorporated hitter
rip you off.

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How can I help?
Okay, hi.

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Yeah, I'm just calling because I
noticed recently that the base

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rates went to 5%, I'm trying to
get a mortgage at the moment and

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I can't seem to find anything at
5%.

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There will be a lot higher.
Okay, sir, let me just come in

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there.
You're making the rookie error

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of thinking that the bank of
England interest rate has

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anything to do with mortgages at
all.

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It doesn't, it's just a handy
guide for others Banks to set

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the rate to exactly where we
want.

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So, if you're looking at a 5%
bank rate, you're going to be

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looking at a mortgage of a
roughly six point five percent.

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That's a good six point, okay?
So sorry I'm just failing to

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understand here.
What does the base rate do?

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Yeah, yeah, that's right.
That the base rate.

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There is just a handy guide for
US Banks to set, mortgage rate

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exactly where we want.
You need to think about mortgage

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rates as something separate to
the bank of England base rate,

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think of that, maybe, as more of
your interest of what you could.

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But going back to mortgages,
you're going to actually want a

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rate of roughly six point five
percent because, you know, we

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need to make some money for our
shareholders.

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Okay.
So the rates have been seeing a

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right, okay.
Well, I've Quite a large deposit

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of money.
At the moment I was thinking of

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paying off the mortgage.
I think what I'll do then is try

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to benefit benefit from some of
those interest rates.

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Can I deposit some money and
receive the 5% interest rate

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myself?
You can absolutely deposit some

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money but you cannot access the
5% base rate because like I

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said, so that is just a guide
for US Banks.

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What we tend to do is pass on
those but interest rate hikes

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very quickly when it comes to
mortgages.

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But we do kite tend to lag
behind a few months when it

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comes to passing on those
interest rate savings because

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like I said, it's our
prerogative sir and we're here

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to rip you off.
So So if I'm looking right here

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you can access a savings rate
that roughly 3.5 percent.

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How does that sound?
What three but sorry.

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I'm just really really
misunderstanding the point of

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the base rate.
So if if the base rate gives me

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a higher mortgage rise and lower
interest rates, I'm not

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benefiting either.
That's right.

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No, absolutely not.
We benefit as a whole.

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Okay.
Thank you, sir.

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All right, by I'll put you down
for both of those products by

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know.
Dylan, I'm going to do the

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introduction this week because I
want to do an impression of you.

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Hopefully, the viewers will
enjoy, you ready?

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This is, this is you.
Hello everybody.

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Welcome to the next episode of
CH late repeat. you always see

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that you always do this, you
gotta lie clean, you look for

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head your way through the
podcast, like, If I did it, I'd

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be, I'd be ridiculed for being
Megamind because she you got

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that like nice hair but your
real ridiculed for being

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Megamind.
Anyway, don't worry about it

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intro, different one.
Hello everybody Dylan here, just

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about see me.
Yeah, you do.

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Okay, I need to go back and
watch that again because I've

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obviously I never I never
realized that I do that.

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Anyway.
Hey everybody, welcome back to

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another episode of Assisi
repeat.

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My name is Dylan.
My name is Hayden.

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Anyone listening to the audio
right now is They get what they

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want these people talking about.
Just so you know, if you've got

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Spotify, you can actually watch
us do this podcast as well.

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The numbers are, you know
scarily growing Hayden on the

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video watching in general, the
huge percentage of people on

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Spotify do actually watch this.
And so I'm going to stop and I'm

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going to kind of you know just
hold back my insults because

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they're a huge part of our basic
minutes.

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So if you're watching well, then
you and I definitely don't think

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that's weird.
So thank you.

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No longer creates not gonna call
them creeps anymore.

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I think what I'm going to do is
that Politics move of just not

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call them anything.
Yes.

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Then I don't have to say I don't
you know, maybe I still think

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that maybe I don't.
Who knows I've not said

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anything, not denying it, not
saying it.

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Yeah, that's fair.
And just on that point, I think

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Hayden on a very serious point
in general.

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We are very excited at me
because in the last couple of

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weeks, our numbers have just
genuinely boomed.

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Double got so many followers,
doubled, followers and more than

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doubled listens, and that tells
me one thing.

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You're not following those of
you listening.

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So make sure you follow as make
sure you give us a review, the

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Visa peeking up as well.
Now, I know, we keep asking for

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them, but guys, I care more
right now, but say hello to you.

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If you're a new listener and get
in touch with us because we love

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to hear from you.
So, if you're enjoying this

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podcast, please do let us know,
via all the usual methods where

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that's answer your question, on
our Spotify.

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Whether that's finding, as an
Instagram, it teach, sleep,

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repeat podcast with that Siege.
Emailing us at teach to your

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Peak POD at gmail.com.
Well, that's tweeting us at

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teach Sr podcast.
You'll get to know all of these

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very soon.
Can I just say, I tell you what

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you need to do right now because
we take it.

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We say all the time but doesn't
happen.

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Much is you need to pause this
podcast right ass in the

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funniest story.
You can think of your teaching

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career or just generally maybe
you're not a teacher and it's

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just a funny story.
Make us laugh.

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We want to share it.
We like laughing you like

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laughing right to us.
Do it.

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Do it guys because we want to
hear from you but you're not

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here to hear us talk about
saying, thank you to you.

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You're here for us to dive in to
our usual business.

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So Hayden as ever.
How has your week been my pal?

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I have my pal.
I have been looking forward to.

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You asking me this question
because I really want to share a

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story, but it on behalf of both
of us, you know, this story

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because you were there and I
really wanted to share with the

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viewers and listeners.
Okay, I'm really looking forward

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to it.
It was a week ago that Dylan and

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I are Partners.
We went for lunch, local place

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and we like to go to and it's
right by the Sea and they've got

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this lovely balcony that you can
go and see on.

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We sat inside that day, it was
very hot, but other people,

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worse out there and this is,
this is so funny.

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So you know what seagulls are
like if you live near the coast,

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they are ruthless, they.
Well, I've been, I've had a

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seagull flying to be before and
still while I Out of my hand, I

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was talking into my chest, like
they are ruthless Relentless and

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surprised, it didn't think that
your whole head was just an egg.

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You can go for it.
Landed on it thinking, it's

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gonna start nesting like, it's
gonna start looking after and

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then it was saw an ice cream.
Just you just stole it from me.

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Anyway, back to the story,
right?

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So this these two ladies were
eating outside our table for two

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and they'd for whatever reason
left their table.

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I don't know what they were
doing, but they just weren't

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there and their food will still
there.

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You know what's coming, right?
A seagull came down, landed on

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the table.
I must have it a field that

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time, it was just literally just
on their plates.

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Stepping through their food,
eating their food, and they came

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back and they were like, oh,
like horrified, like, oh, okay

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lead, what didn't have the
confidence to go and like shoo

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it away.
And there's this other lady sat

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next to it.
This older lady just like just

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videoing it legit and leaning
over not helping just videoing.

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And the best part was when they
are sigar eventually went away

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because the waitress came out
and shoot it off.

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The two ladies who are horrified
sort of standing there like That

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was like, that was awesome.
That was our food.

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And should we say, can we get
something?

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Yeah, we ask the people feel
like it should the waitress, but

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I'm so sorry about that.
Like you obviously, you can't

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leave your food because of, you
know, whatever.

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And she just said, are you
finished?

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They were just like, yeah, of
course, of course, when finished

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and she just took my face and
walked back inside of court.

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Or do you mean?
Are they finished?

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Of course they are.
And obviously, So funny, it's

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embarrassing.
It's that they're the table,

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like really close to them.
Try not to die.

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From laughter that misery.
I want it.

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The, the fact, one of the
funniest parts of me was that

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older older woman, who looks
down the table next to them

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because she did just have her
phone out.

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She had like, a full on Canon
camera like a free.

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Professional.
Big big.

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And she even said, she didn't
even just do it should.

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Oh, do you mind if I just put
this massive I'm route.

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Imagine what it just finish your
dinner and someone that just

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documenting a seagull absolutely
bombing into it.

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Very funny moment.
I very funny moment highlight of

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my week.
Other than that, you know,

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standard week.
What about you?

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Yeah.
Decent it was a standard week

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nor week at time times 6 is just
busy, everyone's talking about

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it online.
Everyone knows it, there's just

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so much to cram in.
You're trying to finish the

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curriculum, I saw a tweet again.
It was just from someone who

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mentioned the fact that it's
such still a stigma of summer

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term, 6 or time to whatever you
want to call it in summer where,

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I think a lot of people even
teachers still thing.

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Oh, it's an easy ride.
Never is, it's the most intense

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week ever.
But in general this week, we had

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to rearrange, our some affair
because of the bad weather.

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That was another thing on the
comment that we supposed to do.

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But there was just one thing
that did stick out to me this

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week that really, really, really
just baby laughs.

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And it's something I'm going to
do this week for the in the

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future podcast where we can do
another little bit about it

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because it was simply a kid's
joke and we all know it.

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We both know as teachers that
kids jokes are hilarious, but

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not always, because they're
hilarious jokes, but this one

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really kind of sad With me for a
bit because I thought it was

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rubbish.
And then I thought about it and

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I went, oh no wait I stood
suddenly understood it and it

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was so bad that it was good.
So I want to tell you.

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This joke told me this week that
she started off by saying, I

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can't tell you a joke.
I was like, okay, go on.

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It was the morning.
When they just coming in putting

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their coats away to get in
there, quite repairing, your

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fake laugh.
Yeah, yeah.

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I'm thinking to myself.
Okay.

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Okay.
This child, you know, I'm kind

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of scanning the child every
time.

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Well, this child react does.
This child want me to laughs?

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Well this child, enjoy me
telling them how bad their

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Joker's or trying to think how
to get there.

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Reaction up.
Yeah, and for this chart I stick

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it out.
Okay.

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I'm gonna I'm gonna I'm gonna
definitely pretend that this is

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funny which plays into the
story.

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So she goes, okay, I made this
up myself.

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That's okay, no problem and
Shawn.

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Okay, what do you call a camel
that likes ham?

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And I don't know.
I changed it.

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No.
And I'd like my mind.

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I wasn't making this morning so
don't know what you call it

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Hamill, right?
So I continue.

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I start off with my fake laugh.
I go.

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Huh?
Yeah, good one.

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Didn't remotely make the link at
all.

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That it has the word cam.
It it could be quite easily goes

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down.
Anyway, she walks off and I

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realized this when she's halfway
back to her seat and then I do

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my real laugh, I like her.
And she's like, what?

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And I was like, I just got your
joke and she kind of looked like

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00:09:46,700 --> 00:09:48,800
what is it, was the first
laughs?

227
00:09:50,000 --> 00:09:53,900
It was just so funny.
I'm struggling to understand

228
00:09:53,900 --> 00:09:57,300
what you didn't get when she
said, Hamill, did you not tell

229
00:09:57,300 --> 00:10:01,300
me about it?
No, no, I heard the word ham but

230
00:10:01,300 --> 00:10:03,400
I thought she just done
something like she may as well.

231
00:10:03,400 --> 00:10:05,000
Have said, to me, what's an elf?
What would you call?

232
00:10:05,000 --> 00:10:07,800
An elephant that likes ham and
she goes Hammer front.

233
00:10:08,100 --> 00:10:11,500
Like I didn't get the link that
Camel already add something that

234
00:10:11,500 --> 00:10:13,700
sounds like Hammond it.
Oh, the rhyme, right.

235
00:10:14,000 --> 00:10:15,000
Yeah.
So she could have said, what do

236
00:10:15,008 --> 00:10:17,100
you call a dog that likes ham
and just ham?

237
00:10:17,200 --> 00:10:25,600
Like, I had another kid.
There's it just a classic joke

238
00:10:25,600 --> 00:10:27,800
and you'll probably remember the
main joke, this comes from, but

239
00:10:27,800 --> 00:10:30,200
he'd obviously heard it and
read. hold it really poorly and

240
00:10:30,200 --> 00:10:38,500
this He went.
What did one wave?

241
00:10:38,500 --> 00:10:41,500
Say to the other wave.
Tonight.

242
00:10:41,700 --> 00:10:46,300
Nothing just waved God.
That's not the joke.

243
00:10:46,300 --> 00:10:48,300
Mate.
Yeah, that's not the joke.

244
00:10:49,100 --> 00:10:51,000
That's what did the see say to
the beach?

245
00:10:51,100 --> 00:10:52,200
Nothing.
Just wait.

246
00:10:52,700 --> 00:10:55,100
What is the wave say to the way
it waived?

247
00:10:55,400 --> 00:10:57,200
You probably heard that Jackie
thought I can think of my own

248
00:10:57,200 --> 00:10:57,700
one.
Now.

249
00:10:58,000 --> 00:11:00,900
Unique version of this joke.
Brilliant.

250
00:11:02,300 --> 00:11:04,000
So yeah.
In general, my week was pretty

251
00:11:04,000 --> 00:11:05,700
normal.
I wrote that down because it

252
00:11:05,700 --> 00:11:08,400
made me laugh.
And yeah, I think we're just

253
00:11:08,400 --> 00:11:11,200
kind of I do about you Hayden.
I'm exhausted.

254
00:11:11,200 --> 00:11:13,200
I feel like I'm on my last legs
in school whenever I finish a

255
00:11:13,208 --> 00:11:15,300
school day it just feels very
intense.

256
00:11:15,300 --> 00:11:18,200
If there's no wind down at all
that about you and yes, it is

257
00:11:18,200 --> 00:11:19,800
exactly the same.
I said, yes.

258
00:11:19,800 --> 00:11:21,800
Yes, those my colleagues.
I was like, I feel like there's

259
00:11:21,800 --> 00:11:24,600
always three things to do and I
have to pick one of them because

260
00:11:24,600 --> 00:11:26,300
I just can't do all of the
things is.

261
00:11:27,100 --> 00:11:29,400
Yeah, it's quite stressful as
this same colleague was saying,

262
00:11:29,400 --> 00:11:32,200
yeah, I worked till 9:45 again
last night and I have that every

263
00:11:32,200 --> 00:11:35,900
single day this week, just
starting stuff and it's just

264
00:11:35,900 --> 00:11:37,900
it's a weird one.
Because when you ask I feel like

265
00:11:37,900 --> 00:11:39,800
I'd always struggle.
If you said to me a call, tell

266
00:11:39,800 --> 00:11:41,300
me a right down.
On paper, all the things you're

267
00:11:41,300 --> 00:11:43,400
doing are different.
I'd always be like, I don't

268
00:11:43,400 --> 00:11:45,100
really know.
But in the moment you can always

269
00:11:45,100 --> 00:11:46,500
think of loads.
Like she was saying like, yeah

270
00:11:46,500 --> 00:11:49,500
last night I just a secondary
school, email, me and needed.

271
00:11:49,500 --> 00:11:52,100
A bunch of transition notes for
a couple of kids but they forgot

272
00:11:52,100 --> 00:11:55,400
to do earlier as I add as an
annoying job is now and I'll but

273
00:11:55,400 --> 00:11:57,300
that's the only one but then
another day at the next day

274
00:11:57,308 --> 00:11:59,100
there's always something else.
Like oh yeah some Affairs be

275
00:11:59,100 --> 00:12:00,900
rearranged I've got to do this
now is change what we're doing

276
00:12:01,300 --> 00:12:04,600
okay that's that thing right
here and it does build up and I

277
00:12:04,600 --> 00:12:07,300
do feel bad like certain certain
members of Staff always seem to

278
00:12:08,200 --> 00:12:09,800
Call the flag of I doing all
these extra.

279
00:12:09,800 --> 00:12:13,400
Yeah, it's pretty rubbish but I
tell you I think the heat is

280
00:12:13,400 --> 00:12:15,200
just.
It's the killer, you know, like

281
00:12:15,200 --> 00:12:16,300
as much.
I'm really enjoying it.

282
00:12:16,300 --> 00:12:17,400
By the way, I'm not those
people.

283
00:12:17,400 --> 00:12:19,600
I'm trying not to let people
that like moan about the rain.

284
00:12:19,600 --> 00:12:21,800
The mud about the heat.
I actually thoroughly enjoy

285
00:12:21,800 --> 00:12:24,500
summer so much more than that.
Any other part of the year?

286
00:12:24,500 --> 00:12:27,100
But some days when it's
ridiculously hot.

287
00:12:27,200 --> 00:12:31,200
Oh man, it just like, I'm I just
get so much more exhausted by

288
00:12:31,200 --> 00:12:32,900
the end of the day.
I just want to flop because I

289
00:12:32,908 --> 00:12:34,300
think I think it's just the
heat.

290
00:12:34,400 --> 00:12:36,700
I think it's fair enough to say
that you can enjoy the sunshine

291
00:12:36,700 --> 00:12:38,800
and the heat but not while
You're working in a stuffy

292
00:12:38,800 --> 00:12:41,500
classroom of 30 for people like
that as a very different thing

293
00:12:41,500 --> 00:12:42,800
isn't it?
So you don't you're not, you're

294
00:12:42,800 --> 00:12:45,500
not a hypocrite.
If you say Oh I thought you

295
00:12:45,500 --> 00:12:47,200
liked the heat.
Don't you like being in a sweaty

296
00:12:47,200 --> 00:12:50,600
classroom which prepubescent
children but for a whole day no,

297
00:12:50,600 --> 00:12:52,700
not really because it's not the
most enjoyable thing.

298
00:12:52,700 --> 00:12:55,800
Is it not the nicest smell.
There is a distinct smell of

299
00:12:55,800 --> 00:12:56,900
your six.
I'm just going to say, you know,

300
00:12:56,900 --> 00:12:58,800
everyone always says that, you
know, the children are getting

301
00:12:58,800 --> 00:13:00,100
older.
Now it's a bit as of.

302
00:13:00,100 --> 00:13:01,900
There's more body mass in the,
in the room.

303
00:13:01,900 --> 00:13:06,200
It gets a little bit stinky.
Although you can't, you don't

304
00:13:06,200 --> 00:13:07,500
notice it.
When you're in your sex, I will

305
00:13:07,500 --> 00:13:09,000
say.
So only other only whenever

306
00:13:09,000 --> 00:13:10,500
adults come in they go course
Dixon.

307
00:13:10,500 --> 00:13:12,700
And I'm like, does it?
It's just me then.

308
00:13:13,000 --> 00:13:14,700
Yeah.
And I see this when you slowly

309
00:13:14,700 --> 00:13:18,000
realize that in fact it is just
you simple children because that

310
00:13:18,000 --> 00:13:22,500
was they've been awful day,
Hayden, I'm here.

311
00:13:22,600 --> 00:13:25,600
Actually since that day, i-i've
just speak it back.

312
00:13:25,600 --> 00:13:29,100
Now to that introduction, we did
around the bank of inter are

313
00:13:29,100 --> 00:13:32,200
Bank of England.
Interest rates that idea because

314
00:13:32,200 --> 00:13:33,900
that is the main theme of this
episode.

315
00:13:33,900 --> 00:13:36,500
So I'm thinking potentially we
could take a quick break maybe

316
00:13:36,500 --> 00:13:40,500
chat about it, and And then we
could dive into this whole

317
00:13:40,500 --> 00:13:42,700
episode which does surround the
fact that teachers are still

318
00:13:42,700 --> 00:13:46,700
striking and how the cost of
living impact is cost of living,

319
00:13:46,700 --> 00:13:49,800
is having an impact on this
profession and we're going to

320
00:13:49,800 --> 00:13:51,500
try and explore that in detail.
How does that sound?

321
00:13:51,500 --> 00:13:52,100
Yeah.
Sweet.

322
00:13:52,100 --> 00:13:56,800
Let's get to it.
So ask it at the start of this

323
00:13:56,800 --> 00:13:59,400
episode was kind of born out of
our own personal experience,

324
00:13:59,400 --> 00:14:01,700
wasn't it?
Because it's this idea of

325
00:14:01,800 --> 00:14:04,400
everyone, it has been watching
the news for the last 12 months.

326
00:14:04,400 --> 00:14:07,300
13 months, interest rates going
up every single month.

327
00:14:07,300 --> 00:14:09,900
It's gone from about 1.5
something like 1.5 percent is

328
00:14:09,900 --> 00:14:13,700
now five percent and the idea of
how that's affecting people in

329
00:14:13,700 --> 00:14:16,300
their everyday lives and the
government say is the line that

330
00:14:16,300 --> 00:14:17,900
is trying to curb inflation.
Sure.

331
00:14:17,900 --> 00:14:21,200
But it's going to have much
shorter impact short-term impact

332
00:14:21,200 --> 00:14:25,200
on certain things and it was
this really Idea wasn't heydon't

333
00:14:25,200 --> 00:14:29,200
that you are currently going
through the process of trying to

334
00:14:29,200 --> 00:14:31,900
get your remortgage application
in because you're fixed time,

335
00:14:31,900 --> 00:14:33,500
it's coming to an end at
possibly.

336
00:14:33,900 --> 00:14:35,100
And I'm just going to say it's
going to annoy you.

337
00:14:35,108 --> 00:14:38,000
I'm sure the most annoying time
Posse ever forget to genuinely

338
00:14:38,000 --> 00:14:40,700
like for the last 12 months, I
have been literally waiting

339
00:14:40,700 --> 00:14:42,400
thinking.
I know what's gonna happen.

340
00:14:42,400 --> 00:14:45,300
This is going to keep going up,
just in time for me to

341
00:14:45,300 --> 00:14:48,000
remortgage and I'm going to
remortgage at a horrible rate

342
00:14:48,000 --> 00:14:52,000
and pay considerably more a
month just for the privilege of

343
00:14:52,000 --> 00:14:54,000
continuing, my mortgage, you
know, and I get it.

344
00:14:54,000 --> 00:14:55,300
Boo.
Who like, you know, interest

345
00:14:55,300 --> 00:14:56,900
rates change all the time.
People are constantly paying

346
00:14:56,900 --> 00:15:00,400
more or less as it fluctuates.
So whatever, but the thing that

347
00:15:00,400 --> 00:15:03,700
annoyed me as someone, maybe who
just doesn't know loads about

348
00:15:03,700 --> 00:15:06,900
how the base rate works.
I just kind of expected that

349
00:15:06,900 --> 00:15:09,300
base rate to be relevant in any
way.

350
00:15:09,300 --> 00:15:12,700
And it just kind of isn't in
terms of the actual number.

351
00:15:12,700 --> 00:15:14,900
Like, the relevance, I guess, is
the fact that it's going up,

352
00:15:14,900 --> 00:15:17,200
that's the relevance, but the
actual number just annoy me

353
00:15:17,200 --> 00:15:20,800
because I went to remortgage and
I just literally last week had

354
00:15:20,800 --> 00:15:25,100
that had the meeting about
ramoji and I was expecting five

355
00:15:25,100 --> 00:15:27,800
percent and we're looking at all
these fixed terms and they were

356
00:15:27,808 --> 00:15:32,300
between like, 5.3 and 96%.
I'm like, what, what, why are

357
00:15:32,300 --> 00:15:35,800
they already considerably higher
than than the base rate?

358
00:15:35,800 --> 00:15:37,500
I don't get it.
Yeah, it did.

359
00:15:37,500 --> 00:15:40,400
This is the thing we and we kind
of like try to have a joke about

360
00:15:40,400 --> 00:15:42,400
this.
In the start it is different.

361
00:15:42,400 --> 00:15:46,200
What what mortgage rates are in
our calculated off its off more

362
00:15:46,200 --> 00:15:49,000
long-term swaps and bonds and
things like that.

363
00:15:49,000 --> 00:15:51,400
So that interest rate is today,
okay?

364
00:15:51,700 --> 00:15:54,100
Now what they tend to do for
mortgages is make a prediction.

365
00:15:54,200 --> 00:15:57,400
Ian for the future because it's
such a long term loan, right?

366
00:15:57,500 --> 00:15:58,700
Hmm.
I'm not gonna pretend to know

367
00:15:58,700 --> 00:16:00,900
the ins and outs of it but it's
not just a simple case of look

368
00:16:00,900 --> 00:16:02,200
at the base rate that's your
mortgage rate.

369
00:16:02,400 --> 00:16:05,100
They'll make almost like a
prediction to cover themselves.

370
00:16:05,300 --> 00:16:07,900
So the fact that mortgage rates
are higher and they tend to be

371
00:16:07,900 --> 00:16:09,700
higher as well just for the
bank's profit margin I suppose

372
00:16:09,700 --> 00:16:13,800
but also the fact that the fact
it's higher is them kind of

373
00:16:13,800 --> 00:16:15,800
hedging their bets that it still
has a bit of wiggle room to go

374
00:16:15,800 --> 00:16:18,300
up in the future and then the
banks don't get caught short on

375
00:16:18,300 --> 00:16:20,200
these ridiculously low loans
which they will have.

376
00:16:20,200 --> 00:16:23,200
If anyone has fixed for 5 to 10
years in the last couple years,

377
00:16:23,200 --> 00:16:25,300
the banks now have to provide
Those loans are really, really

378
00:16:25,300 --> 00:16:27,900
low, right?
So there is, there is reasoning

379
00:16:27,900 --> 00:16:30,400
behind it, but it's still
frustrating, right?

380
00:16:30,400 --> 00:16:32,400
When you go to your broker and
you think, wow, I've done

381
00:16:32,400 --> 00:16:33,100
nothing.
I've done.

382
00:16:33,100 --> 00:16:34,900
Absolutely nothing.
I've met every single hotel.

383
00:16:34,900 --> 00:16:38,100
If I mortgage, but now it's
hundreds of pounds extra because

384
00:16:38,100 --> 00:16:40,600
of such a steep increase.
I think, that's the thing, how

385
00:16:40,600 --> 00:16:41,900
steep it's being.
Yeah.

386
00:16:41,900 --> 00:16:45,500
Well, my people people, I think
it's so easy to misunderstand,

387
00:16:45,700 --> 00:16:47,100
like the percentages and things
like that.

388
00:16:47,100 --> 00:16:51,800
Write it in terms of numbers, as
numbers stand hearing like 2.5

389
00:16:51,800 --> 00:16:55,200
go out, going up to 5%, it's
That's not, I'm actually still a

390
00:16:55,208 --> 00:16:58,900
very low number and because
percentages go up to 100 and

391
00:16:58,900 --> 00:17:00,800
what you really have to realize
that is proportionally.

392
00:17:00,800 --> 00:17:03,000
If you got, it is exactly what
happened to me by the way.

393
00:17:03,000 --> 00:17:06,200
So I was on a two point, five
percent, fixed mortgage and now

394
00:17:06,200 --> 00:17:08,300
I'm going to go on to like a 5
point something percent.

395
00:17:08,300 --> 00:17:11,599
It's more than doubled.
That means the interest that I

396
00:17:11,599 --> 00:17:14,599
pay on my mortgage is more than
doubling and that's hundreds of

397
00:17:14,599 --> 00:17:17,599
pounds of my mortgage.
Now, if I kept at the same term

398
00:17:18,200 --> 00:17:20,400
that I was on, in terms of the
years, left to repay, my

399
00:17:20,400 --> 00:17:22,900
mortgage would go up by 400
pounds a month.

400
00:17:23,599 --> 00:17:26,300
Which is no, Joe.
That's that's not just like a an

401
00:17:26,300 --> 00:17:27,700
amount that people just go.
Oh yeah.

402
00:17:27,700 --> 00:17:30,500
Okay, I'll just stop having, you
know, I'll stop having lunch

403
00:17:30,500 --> 00:17:33,200
every other week out with my
mates and save that 400 quid

404
00:17:33,200 --> 00:17:33,900
like no.
I'm sorry.

405
00:17:33,900 --> 00:17:37,300
But the average person, I don't
think the average person in our

406
00:17:37,300 --> 00:17:40,800
sort of position is spending 400
pounds on something that's like

407
00:17:40,800 --> 00:17:42,400
such a luxury.
They can just drop every every

408
00:17:42,400 --> 00:17:44,500
month.
It's just that if that's a huge,

409
00:17:44,500 --> 00:17:47,100
that's a significant amount of
money to go up, but just are

410
00:17:47,100 --> 00:17:49,900
just because and, and the two
things I thought were really

411
00:17:49,900 --> 00:17:54,900
interesting were number one.
The longer you went in terms of

412
00:17:54,900 --> 00:17:58,300
a fixed term for one.
So the first time the cheaper it

413
00:17:58,300 --> 00:18:01,900
was so typically if you want to
fix for a long period of time,

414
00:18:02,100 --> 00:18:05,000
you pay a slightly increased
rate because you're paying the

415
00:18:05,000 --> 00:18:08,300
premium for knowing that your
your percentage is going to be

416
00:18:08,300 --> 00:18:10,600
the same for the next look like,
you know, 5 years, 10 years or

417
00:18:10,600 --> 00:18:12,200
whatever is here is a security
thing.

418
00:18:12,200 --> 00:18:14,000
So you pay a slightly higher
percentage, but you at least,

419
00:18:14,000 --> 00:18:15,500
you know, it's fixed for the
next 10 years.

420
00:18:15,900 --> 00:18:18,700
But now what they're doing is
the longer you'll fix for the

421
00:18:18,700 --> 00:18:22,900
cheaper is which the Brokers are
speaking to Who's a good friend

422
00:18:22,900 --> 00:18:26,100
of yours James was saying that
that's probably an indicator

423
00:18:26,100 --> 00:18:31,100
that the actually.
Yeah, maybe maybe the percentage

424
00:18:31,100 --> 00:18:32,900
rates are quite high right now
and they probably going to come

425
00:18:32,900 --> 00:18:34,200
down.
So if they can fix you in for a

426
00:18:34,208 --> 00:18:36,900
longer period of time, then they
will because they probably going

427
00:18:36,900 --> 00:18:39,000
to be lower in seven years, you
know, that kind of thing.

428
00:18:39,200 --> 00:18:40,800
So that was a that was a little
bit promising but the thing I

429
00:18:40,808 --> 00:18:44,200
thought was really crazy, right
was I was like, okay maybe they

430
00:18:44,200 --> 00:18:46,500
are just really high right now
and they want to get people

431
00:18:46,500 --> 00:18:49,100
fixed in, whatever it.
So that's why it's a bit higher

432
00:18:49,100 --> 00:18:53,400
than the base rate, but the base
rate itself, He is five percent

433
00:18:53,400 --> 00:18:57,400
so maybe if I go on a variable
one and I just and I just ride

434
00:18:57,400 --> 00:19:00,300
the wave of the base rate, maybe
that will be a bit lower and

435
00:19:00,300 --> 00:19:02,100
you're just paying for that
gamble of like, where's it

436
00:19:02,108 --> 00:19:04,100
going?
To be looked at the variable

437
00:19:04,100 --> 00:19:05,700
variable rate.
Would you reckon?

438
00:19:06,800 --> 00:19:09,500
It's I've seen it before.
It's something like Bank of

439
00:19:09,500 --> 00:19:12,200
England base rate and then in
Brackets plus 1% or something

440
00:19:12,200 --> 00:19:15,500
cute about it was it was
honestly on average about 7 to 8

441
00:19:15,500 --> 00:19:17,300
percent.
If you want to jump on a

442
00:19:17,308 --> 00:19:20,600
variable variable rate for your
mortgage said, like what that is

443
00:19:20,600 --> 00:19:23,400
an insane amount that would
triple my, that'd be another 400

444
00:19:23,400 --> 00:19:25,600
pounds a month, just to sit on
the variable rate for a bit.

445
00:19:25,600 --> 00:19:28,700
So you have to fix your
absolutely bottleneck to nail

446
00:19:28,800 --> 00:19:31,000
into fiction mortgage or don't
have one.

447
00:19:32,700 --> 00:19:34,300
That's it.
There's no choice anymore.

448
00:19:35,000 --> 00:19:36,900
So I ended up fixing for two
years in the hope that.

449
00:19:36,900 --> 00:19:39,400
In two years they will have
reduced a little bit.

450
00:19:39,600 --> 00:19:40,800
Yes.
The nation's down to like three

451
00:19:40,800 --> 00:19:45,600
or four percent but yeah.
Mad mad time and I know that for

452
00:19:45,600 --> 00:19:48,700
you it's interesting because
they're stuck there that side of

453
00:19:48,700 --> 00:19:50,600
the coin in a way for you, I
know you've got a mortgage as

454
00:19:50,600 --> 00:19:55,600
well, but you've also been
interested in putting your money

455
00:19:55,600 --> 00:19:58,100
into an account because I know
we'll talk about another episode

456
00:19:58,100 --> 00:20:01,100
but you you went on, who was the
villain are saving on.

457
00:20:01,100 --> 00:20:03,100
Doesn't know that he did.
And who has, Who Wants To Be A

458
00:20:03,100 --> 00:20:05,800
Millionaire, a couple of years
ago, and one a decent chunk of

459
00:20:05,808 --> 00:20:07,600
money, which is awesome.
And you are very sensible of

460
00:20:07,608 --> 00:20:08,700
that money.
I thought I'm going to put it in

461
00:20:08,708 --> 00:20:10,700
an account.
You try to accrue some interest.

462
00:20:11,100 --> 00:20:14,000
And from your point of view you,
I know that you are thinking,

463
00:20:14,000 --> 00:20:15,800
oh, this is a great thing,
because at least the Bates rate

464
00:20:15,800 --> 00:20:18,300
going up means, I will get more
interest and the cash that I

465
00:20:18,300 --> 00:20:19,800
have.
But what, you know, what's your

466
00:20:19,800 --> 00:20:22,900
experience been with that?
Well, it's frustrating.

467
00:20:22,900 --> 00:20:25,600
Because if you think back to
when I won the money, it was in

468
00:20:25,600 --> 00:20:27,700
2020.
Okay so I want to lump sum of

469
00:20:27,700 --> 00:20:31,900
money and back then the interest
rate was a literally at 0.1%.

470
00:20:32,000 --> 00:20:33,600
Sent after covid.
They worked it down to basically

471
00:20:33,600 --> 00:20:36,500
nothing.
So the point being at that point

472
00:20:36,500 --> 00:20:39,300
me saving that money, although
sensible, because even though

473
00:20:39,300 --> 00:20:41,500
it's frustrating, I didn't feel
like I was getting much interest

474
00:20:41,500 --> 00:20:43,300
from it.
I didn't want to feel like I had

475
00:20:43,300 --> 00:20:45,500
to spend it.
In that case, I didn't like the

476
00:20:45,500 --> 00:20:47,300
argument of all you got make the
most of it because it will just

477
00:20:47,300 --> 00:20:50,600
get eaten Away by inflation.
I was like yeah but I get that.

478
00:20:50,608 --> 00:20:53,300
But at least at the minute I'm
not just wasting it for no

479
00:20:53,300 --> 00:20:54,900
reason.
So it.

480
00:20:54,900 --> 00:20:56,700
Yeah, you're right.
The last 12 months, as interest

481
00:20:56,700 --> 00:20:58,700
rates have crept up.
I've thought I actually, you

482
00:20:58,700 --> 00:21:01,700
know, I can get a decent amount
every month for this in the same

483
00:21:01,700 --> 00:21:04,400
way that People borrowing a lump
sum for a mortgage are paying

484
00:21:04,400 --> 00:21:07,100
hundreds of pounds extra because
of the airway interest works.

485
00:21:07,500 --> 00:21:09,900
I thought to myself.
Or in that case, if I flip it, I

486
00:21:09,900 --> 00:21:11,500
can be paid.
Hundreds of pounds from the

487
00:21:11,508 --> 00:21:14,400
banks for the interest on my
capital, in fact, that they're

488
00:21:14,400 --> 00:21:16,500
basically borrowing it from me.
So they can invest it how they

489
00:21:16,500 --> 00:21:18,800
like and they pay me Interest,
which is supposed to be hot

490
00:21:18,800 --> 00:21:20,700
cakes, right?
Yeah, exactly.

491
00:21:20,700 --> 00:21:22,200
I feel, that's cool.
No problem.

492
00:21:22,200 --> 00:21:25,000
And the way that I know, I
understand more and people can

493
00:21:25,000 --> 00:21:27,300
be very condescending or the
banks, especially can be very

494
00:21:27,300 --> 00:21:30,200
like, all you don't understand
how mortgage rates works on.

495
00:21:30,200 --> 00:21:32,400
Don't look at the interest rates
at one time, Meant to look at

496
00:21:32,408 --> 00:21:33,200
them.
Sorry.

497
00:21:33,300 --> 00:21:35,600
Oh it's the long-term bonds and
swaps and things.

498
00:21:35,600 --> 00:21:39,100
Okay, fine, I can accept that
whatever, but then when you flip

499
00:21:39,100 --> 00:21:43,200
it, the bank's, the day after
interest rates go up the day

500
00:21:43,200 --> 00:21:45,700
after they will withdraw,
mortgage deals and put new ones

501
00:21:45,700 --> 00:21:47,500
out that go up by certain
amount.

502
00:21:47,900 --> 00:21:50,800
They will take months to pass
that on, no, to any savings

503
00:21:50,800 --> 00:21:52,900
account, and that's what's
really frustrating.

504
00:21:52,900 --> 00:21:55,100
Because, as soon as that base
rate goes up by not point five

505
00:21:55,100 --> 00:21:58,100
percent, you'll see mortgage
rates up on 0.5 percent.

506
00:21:58,100 --> 00:22:01,200
Within within three days,
savings rates, or we've got to

507
00:22:01,208 --> 00:22:03,100
have to do a switch.
To really think about how we

508
00:22:03,100 --> 00:22:04,800
pass this on to you guys as
customers.

509
00:22:05,200 --> 00:22:08,400
And I saw this very
condescending article from one

510
00:22:08,400 --> 00:22:09,900
of the leads of the bank's.
I think it was Nationwide a

511
00:22:09,908 --> 00:22:10,800
Barclays.
I don't know.

512
00:22:10,900 --> 00:22:12,700
So if you're listening
Nationwide about please man I'm

513
00:22:12,700 --> 00:22:15,400
sorry if it was me but it was
one of them and he basically

514
00:22:15,400 --> 00:22:19,100
said what customers are telling
us is that they don't want

515
00:22:19,200 --> 00:22:21,600
interest rates going up and
they're easy access, they want

516
00:22:21,600 --> 00:22:25,500
ways of being able to be
encouraged to save more and

517
00:22:25,500 --> 00:22:28,600
that's through it not being easy
access and through it being not

518
00:22:28,600 --> 00:22:32,300
to I'm like I'm sorry shut up.
How about you just Offer the

519
00:22:32,300 --> 00:22:34,700
interest rate and let the
customers decide what it is that

520
00:22:34,700 --> 00:22:37,100
they want.
Because I tell you now easy

521
00:22:37,100 --> 00:22:40,400
access to their savings is vital
and a cost of living and the

522
00:22:40,400 --> 00:22:44,200
only way cost of in crisis and
the only way that you can get

523
00:22:44,200 --> 00:22:46,800
interest rates close to the five
percent is if you lock away your

524
00:22:46,808 --> 00:22:48,300
money for years and you can't
touch it.

525
00:22:48,600 --> 00:22:51,400
If you want an instant access,
which means you can dip in when

526
00:22:51,400 --> 00:22:54,100
times get tough, which they
currently are, you're looking at

527
00:22:54,100 --> 00:22:57,600
still between three and four
percent which is a massive dip

528
00:22:57,600 --> 00:22:59,500
on this in Bank of England
interest rate and it makes me

529
00:22:59,500 --> 00:23:01,500
think what is that interest rate
for?

530
00:23:02,000 --> 00:23:04,900
It's much lower for savings and
much higher for mortgage rates.

531
00:23:05,000 --> 00:23:07,900
The banks are laughing.
They are absolutely laughing at

532
00:23:07,900 --> 00:23:12,000
you and trying to tell you
that's not what you want, silly

533
00:23:12,000 --> 00:23:14,200
person.
We know what you want with your

534
00:23:14,200 --> 00:23:17,400
money and it's much less of it
and and if you want more of it

535
00:23:17,400 --> 00:23:20,100
then it's ours for five years
and that's what you want.

536
00:23:20,200 --> 00:23:23,300
It's the same as politicians.
We know what people want.

537
00:23:23,300 --> 00:23:26,700
We know and it's invariably
worse, it's ridiculous.

538
00:23:26,800 --> 00:23:30,600
And before we move on to, like,
talkin about strikes and I can't

539
00:23:30,600 --> 00:23:32,800
the whole like public sector and
And we're all that sort of

540
00:23:32,800 --> 00:23:33,700
stuff.
We've got planned.

541
00:23:33,800 --> 00:23:34,900
I really just want a moment for
a minute.

542
00:23:34,900 --> 00:23:40,000
Okay, about about this a bit
more because I recently had a

543
00:23:40,008 --> 00:23:43,300
conversation with someone in
person not to, I wasn't gonna

544
00:23:43,300 --> 00:23:46,500
keep a worry for once and we're
is a civil conversation.

545
00:23:46,500 --> 00:23:49,900
It was just about like mortgages
because obviously, I was across

546
00:23:49,900 --> 00:23:52,200
that I'm getting a mortgage on a
much, higher rate now and

547
00:23:52,200 --> 00:23:54,400
they're kind of go to us.
Yeah, well look how it's not

548
00:23:54,400 --> 00:23:57,000
that bad, you know, they've
always been around like three to

549
00:23:57,000 --> 00:23:58,800
five percent.
You should have been around in

550
00:23:58,800 --> 00:24:05,300
the 70s and the late 70s 1979 to
T they spiked at 15% and it's

551
00:24:05,300 --> 00:24:07,500
that classic argument.
I've heard it so many times, I

552
00:24:07,500 --> 00:24:10,700
just, I just, I roll now and I
just want to talk about it for a

553
00:24:10,708 --> 00:24:13,600
minute, because I've sat there
and done the research, and I've

554
00:24:14,000 --> 00:24:15,800
listened to other people who
have also done the same sort of

555
00:24:15,800 --> 00:24:17,700
research, just confirming this
exact same thing.

556
00:24:17,800 --> 00:24:20,700
And I am going to say to you
right now, listeners and viewers

557
00:24:21,100 --> 00:24:24,000
that, if you've got a mortgage
right now on 5.5% and you're

558
00:24:24,000 --> 00:24:26,300
just an average person and an
average house, okay?

559
00:24:26,300 --> 00:24:29,800
If we're just taking the
average, it is worse than the

560
00:24:29,800 --> 00:24:32,800
average person.
The average house in 89 for the

561
00:24:32,800 --> 00:24:35,200
two months that it peaked to
17%.

562
00:24:35,200 --> 00:24:37,000
It's worse and I can prove it to
you.

563
00:24:37,200 --> 00:24:40,400
Okay.
Because back then in 1979 it was

564
00:24:40,400 --> 00:24:42,100
like it was like the end of
right at the end.

565
00:24:42,100 --> 00:24:46,500
Like November time was when the
average mortgage interest rate,

566
00:24:46,500 --> 00:24:50,400
peaked at 17 percent and then it
dropped back down to like 14, 15

567
00:24:50,400 --> 00:24:52,300
percent, which is still
obviously horrendous.

568
00:24:52,500 --> 00:24:54,900
And if that was the percentage
is now we'd all be going.

569
00:24:54,900 --> 00:24:57,800
We'd all be out of our homes
because we just simply couldn't

570
00:24:57,800 --> 00:24:59,900
afford it.
But the difference is, in the

571
00:24:59,900 --> 00:25:02,600
important comparison to make
here and I We want to get this

572
00:25:02,600 --> 00:25:07,000
across is that it the number
alone does not equal bad or

573
00:25:07,000 --> 00:25:11,700
good. 15% isn't inherently worse
than five point five percent.

574
00:25:11,700 --> 00:25:15,200
Which is where we're at right
now because it depends on how

575
00:25:15,200 --> 00:25:17,200
much you're earning and how much
you borrowed.

576
00:25:17,500 --> 00:25:18,800
That's what that's the important
thing.

577
00:25:18,800 --> 00:25:21,200
So here are some stats for you.
Dylan just going to check them

578
00:25:21,200 --> 00:25:22,500
out.
You can pretend to care as much

579
00:25:22,500 --> 00:25:25,600
as you want.
So now you Hayden this is the

580
00:25:25,600 --> 00:25:29,200
thing I care the most about is
Injustice on economics and

581
00:25:29,200 --> 00:25:30,800
stuff.
So hit me and make my blood

582
00:25:30,800 --> 00:25:32,700
pressure guy.
I know No, I just wanted you to

583
00:25:32,700 --> 00:25:35,600
say that for me.
So, back in 1979, right?

584
00:25:36,300 --> 00:25:41,000
The average house, the average
house price was 18.5, K 18,500.

585
00:25:41,300 --> 00:25:43,300
The average.
This is sounds.

586
00:25:43,400 --> 00:25:45,400
It sounds mad.
We just stop there.

587
00:25:45,500 --> 00:25:47,700
I know, I know, and that's nice.
It doesn't feel like that long

588
00:25:47,700 --> 00:25:48,400
ago.
That's 90.

589
00:25:48,400 --> 00:25:53,300
That's the end of 1979, right at
the end of 1979 18,500 for your

590
00:25:53,300 --> 00:25:55,900
average house in the UK, the
average salary.

591
00:25:55,900 --> 00:25:59,200
Now, this was a hard start to
get, and I've, and it's, and it

592
00:25:59,200 --> 00:26:01,700
will make a slight difference to
the comparison because I could

593
00:26:01,700 --> 00:26:05,900
only The average salary of a man
because they didn't take

594
00:26:05,900 --> 00:26:08,000
household income data.
Then they, they very much

595
00:26:08,000 --> 00:26:10,100
separated it, men and women, but
they didn't have the average

596
00:26:10,100 --> 00:26:12,100
household income, which is what
we have now and we can use.

597
00:26:12,500 --> 00:26:15,300
But if we think about culture
and the way things were back

598
00:26:15,300 --> 00:26:18,600
then, it was more common that
there was one income coming into

599
00:26:18,600 --> 00:26:22,000
a house and it was quite often
than a man's income coming into

600
00:26:22,000 --> 00:26:23,200
the house and running the house,
right?

601
00:26:23,200 --> 00:26:26,800
So what you're saying here, if
anything that this number for

602
00:26:26,800 --> 00:26:29,600
the household would be bigger.
Yeah, their form exactly that

603
00:26:29,600 --> 00:26:31,600
with the easier in the 70s.
So, exactly.

604
00:26:31,900 --> 00:26:33,900
I think this is a worst-case
scenario for 70.

605
00:26:33,900 --> 00:26:36,300
Yeah, precisely that.
So this is based off just one

606
00:26:36,300 --> 00:26:38,000
person's income.
Now if you were in a household

607
00:26:38,000 --> 00:26:40,600
where where both parents worked
or whatever, what you know,

608
00:26:40,600 --> 00:26:43,900
whatever the family situation
was then the number would be

609
00:26:44,000 --> 00:26:46,900
even easier to manage.
This is based on one single

610
00:26:46,900 --> 00:26:48,900
man's income.
Right?

611
00:26:49,400 --> 00:26:52,200
Of the average salary was about
five thousand seven hundred

612
00:26:52,200 --> 00:26:56,800
pounds.
So, what that works out is on

613
00:26:56,800 --> 00:27:01,700
the app, so on the average,
mortgage, okay, on an 18,500.

614
00:27:02,000 --> 00:27:04,900
House and you're earning, the
average salary of five thousand

615
00:27:04,900 --> 00:27:08,400
seven hundred pounds,
approximately 46 percent of your

616
00:27:08,400 --> 00:27:11,500
monthly wage would go directly
to paying off your mortgage.

617
00:27:11,900 --> 00:27:13,400
Okay.
Okay, so that's that's the most

618
00:27:13,400 --> 00:27:17,800
important stat 46 percent and
that is at 17% I just add that

619
00:27:17,800 --> 00:27:20,500
is at the worst, the worst of
all possible peak time.

620
00:27:20,500 --> 00:27:23,500
If that continued every month,
you'd be paying 40% of them,

621
00:27:23,500 --> 00:27:28,600
man's salary towards it.
But back then, fixed mortgages

622
00:27:28,600 --> 00:27:31,100
were way more rare.
So actually that hit would just

623
00:27:31,100 --> 00:27:32,200
have been 42.
Two months.

624
00:27:32,200 --> 00:27:33,800
It's not like you where you've
got to fix.

625
00:27:33,800 --> 00:27:35,300
Now.
For two years at this High rate

626
00:27:35,400 --> 00:27:38,400
for 24 months, there's this it
this would be a lot of people on

627
00:27:38,400 --> 00:27:41,100
the variable rate, they'd hit it
for two months and kind of write

628
00:27:41,100 --> 00:27:42,700
it.
Exactly that people that

629
00:27:42,800 --> 00:27:45,100
everyone was affected by this.
People didn't just get to skip

630
00:27:45,100 --> 00:27:47,300
it because I had to fix rate.
Everyone was on it almost.

631
00:27:47,800 --> 00:27:51,200
So now let's look at now.
All right, the average house

632
00:27:51,200 --> 00:27:53,600
price and bear in mind all these
figures guys are very rough and

633
00:27:53,600 --> 00:27:56,300
they are Loosely Based on data.
Some of the data is from like

634
00:27:56,400 --> 00:27:58,200
four or five months ago, where
it hasn't been updated.

635
00:27:58,200 --> 00:28:00,300
So, just take it the pinch of
salt, but it gives you an idea.

636
00:28:00,800 --> 00:28:03,500
So the average house price
Roughly in the UK is about two

637
00:28:03,500 --> 00:28:05,100
hundred, eighty five thousand
pounds.

638
00:28:05,300 --> 00:28:07,300
It was a little bit higher, a
few months ago and it's come

639
00:28:07,300 --> 00:28:10,100
down a tiny bit.
And again, looking at the

640
00:28:10,108 --> 00:28:12,700
mortgage rates based on,
literally this week, you're

641
00:28:12,700 --> 00:28:15,700
looking at five point five if
you want to fix for two to three

642
00:28:15,700 --> 00:28:17,000
years.
Okay.

643
00:28:17,000 --> 00:28:18,700
A little merman.
Yeah.

644
00:28:18,700 --> 00:28:21,900
Basically, Minimus 5.5%.
If you've only got a 10%

645
00:28:21,900 --> 00:28:23,300
deposit.
Those rates rocket.

646
00:28:23,400 --> 00:28:25,500
So, yeah, because we have equity
in our house.

647
00:28:25,500 --> 00:28:28,000
So actually, the I think it's
like the average is about six

648
00:28:28,000 --> 00:28:29,600
now, it's even higher.
Yeah, when I was looking at the

649
00:28:29,600 --> 00:28:32,400
whole list of noise, I could get
they were very Quickly in the

650
00:28:32,400 --> 00:28:35,000
60s and only a few deals are in
the fires, but I obviously got a

651
00:28:35,008 --> 00:28:36,800
five.
So I'm being, I'm being modest.

652
00:28:36,800 --> 00:28:38,400
I'm giving you the best possible
deal.

653
00:28:38,400 --> 00:28:40,700
You can get right now is about
5.5 percent.

654
00:28:40,900 --> 00:28:44,400
The average household income in
the UK, according to Google is

655
00:28:44,400 --> 00:28:48,500
33,000 pounds.
Okay, household household

656
00:28:48,500 --> 00:28:49,500
income.
Yeah, I thought that was

657
00:28:49,500 --> 00:28:51,300
remarkably low.
They said, the average household

658
00:28:51,300 --> 00:28:53,600
income is 33,000 pounds.
Mmm, okay.

659
00:28:55,600 --> 00:29:00,200
Now doing the same percentages,
same maps that would equal

660
00:29:00,200 --> 00:29:04,800
approximately 48.
Percent of the average household

661
00:29:04,800 --> 00:29:09,600
incomes coming in going directly
on mortgage payments at the 5.5%

662
00:29:09,600 --> 00:29:10,800
rate.
And I thought was really

663
00:29:10,800 --> 00:29:15,100
interesting because that is
almost identical to what it

664
00:29:15,100 --> 00:29:18,400
would have been like if you're
in 1979 and your average how and

665
00:29:18,400 --> 00:29:22,000
your household income was just
the man's income, Paying the

666
00:29:22,000 --> 00:29:25,700
worst percentage rates you've
ever seen in UK history and it's

667
00:29:25,700 --> 00:29:27,200
actually technically slightly
higher right now.

668
00:29:28,200 --> 00:29:31,400
And that's based on two people
earning in the house.

669
00:29:31,600 --> 00:29:32,800
In fact, that's not necessarily
based on that.

670
00:29:32,808 --> 00:29:34,300
Because it is the average
household income of that,

671
00:29:34,300 --> 00:29:37,000
average would obviously include
some people having like dual

672
00:29:37,000 --> 00:29:38,900
income and some people shop,
okay?

673
00:29:39,500 --> 00:29:42,100
I just, I don't know, and I just
want to put that argument to bed

674
00:29:42,100 --> 00:29:45,800
now, because I'm sick of hearing
it right after that is just as

675
00:29:45,800 --> 00:29:50,200
bad right now, as as it has ever
been in the history of the UK.

676
00:29:50,200 --> 00:29:53,200
So if you hear someone say, So
it's not 17-percent say to them.

677
00:29:53,200 --> 00:29:55,600
Yeah, well your house prices
were a third of what they are

678
00:29:55,600 --> 00:29:58,500
now proportionately so it
doesn't need your house cost a

679
00:29:58,508 --> 00:30:02,100
shoelace and a button.
No.

680
00:30:02,100 --> 00:30:05,500
Actually, it cost 18 thousand
five hundred pounds of quite

681
00:30:05,500 --> 00:30:07,200
substantial.
Yeah.

682
00:30:07,700 --> 00:30:09,700
And I'm not saying it wasn't
tough for them back then because

683
00:30:09,700 --> 00:30:12,400
clearly it was about the same as
it was now, in terms of how how

684
00:30:12,400 --> 00:30:15,200
tough is got.
But, but for two months because

685
00:30:15,200 --> 00:30:17,200
no one had a fixed rate, and
then it kind of came down again,

686
00:30:17,200 --> 00:30:20,100
it did, it did come down it, did
you know, it was me 60.

687
00:30:20,900 --> 00:30:22,200
Yeah.
You'll be fixing this for two

688
00:30:22,200 --> 00:30:25,300
years and even if the rate comes
down, your fixed for two years.

689
00:30:25,300 --> 00:30:28,000
Because if you are on the
variable rate, like they were,

690
00:30:28,200 --> 00:30:31,100
you're now looking at a person
like you said earlier, 7 or 8%.

691
00:30:31,300 --> 00:30:35,200
If we actually compare variable
rate to variable rate, it's much

692
00:30:35,200 --> 00:30:36,900
worse right now.
Typically worse, considerably

693
00:30:36,900 --> 00:30:38,700
worse.
So you know what?

694
00:30:38,700 --> 00:30:40,800
If you are listening to this and
you're thinking times really

695
00:30:40,800 --> 00:30:42,900
tough right now, but I keep
being told to suck it up by the

696
00:30:42,900 --> 00:30:45,000
government and all the people
that lived through the 70s

697
00:30:45,000 --> 00:30:48,300
because we managed to do it, I
was going to swear, then I'm not

698
00:30:48,300 --> 00:30:50,000
going to swear because I'm not
dealin.

699
00:30:50,300 --> 00:30:53,600
I don't do that on the podcast,
but seriously, like, just just

700
00:30:53,600 --> 00:30:57,200
take it is tough right now, is a
cost-of-living crisis and the in

701
00:30:57,200 --> 00:30:59,100
it is a crisis.
Like, it's really, really,

702
00:30:59,100 --> 00:31:03,200
really hard to Have that what I
would say, the base basic

703
00:31:03,200 --> 00:31:06,000
necessities of life right now.
Shelter and food are

704
00:31:06,000 --> 00:31:09,100
ridiculously expensive and they
are taking up a huge chunk of

705
00:31:09,100 --> 00:31:14,200
the average person's income.
And that's the really important

706
00:31:14,200 --> 00:31:16,200
thing.
It's a really, it's not

707
00:31:16,200 --> 00:31:18,400
luxurious things that are being
hit.

708
00:31:18,800 --> 00:31:21,800
It's this things that the people
with the most poverty in this

709
00:31:21,800 --> 00:31:23,400
country, spend all of their
money on.

710
00:31:23,800 --> 00:31:29,100
So as soon as food and shelter
are hit in such a ridiculous way

711
00:31:29,100 --> 00:31:32,300
for inflation and through, Rates
going up.

712
00:31:32,500 --> 00:31:34,400
They are the ones that actually
run out of money.

713
00:31:34,400 --> 00:31:36,300
The quickest.
I'm just going to read something

714
00:31:36,300 --> 00:31:38,600
really quickly here from Russia
soon, act.

715
00:31:38,800 --> 00:31:41,300
Okay.
Because this is exactly what he

716
00:31:41,300 --> 00:31:44,200
said at the weekend, when asked
by BBC reporter.

717
00:31:45,200 --> 00:31:48,400
You know, basically laid out to
what you said, hundreds and

718
00:31:48,400 --> 00:31:51,300
hundreds of pounds extra on
mortgages and hundreds of

719
00:31:51,300 --> 00:31:53,100
hundreds of pounds extra in the
last 12 months, through

720
00:31:53,100 --> 00:31:54,800
inflationary prices of food,
Etc.

721
00:31:54,800 --> 00:31:58,200
So much worse position.
His answer was this, we've got

722
00:31:58,200 --> 00:32:00,500
to hold our nerve stick to the
plan and we will get through

723
00:32:00,500 --> 00:32:02,800
this.
What?

724
00:32:02,900 --> 00:32:04,900
Okay, cheers mate.
Okay sorry.

725
00:32:05,300 --> 00:32:07,600
I'm hundreds of, I'm hundreds
and hundreds of pounds worth of

726
00:32:07,600 --> 00:32:09,200
it.
We've got to hold on.

727
00:32:09,300 --> 00:32:11,600
We inflation is the enemy.
What do you mean?

728
00:32:11,600 --> 00:32:12,600
We?
Yeah.

729
00:32:12,700 --> 00:32:14,600
What do you mean?
We millionaire?

730
00:32:15,500 --> 00:32:19,600
We've got to just like sipping
is like really expensive wine on

731
00:32:19,600 --> 00:32:21,900
his policy in one of his home.
He's literally sat.

732
00:32:21,900 --> 00:32:24,400
Yeah, he said, she sat in a
Gucci suit, we've got to hold

733
00:32:24,400 --> 00:32:26,000
our nerve.
He might as well turn to the

734
00:32:26,000 --> 00:32:28,200
camera and put his middle finger
up to me when I when I watch

735
00:32:28,200 --> 00:32:29,800
that.
Yeah, get in the back.

736
00:32:29,800 --> 00:32:32,400
Yeah, I said to you, I'm
absolutely Fine.

737
00:32:33,000 --> 00:32:34,600
You're in the most dire position
ever.

738
00:32:34,600 --> 00:32:36,400
You've just got to stick it out,
you know.

739
00:32:36,600 --> 00:32:38,300
Well, funny enough.
I'm my on my phone.

740
00:32:38,300 --> 00:32:40,700
I've got your.
Yeah, I got a tweet from you and

741
00:32:40,700 --> 00:32:42,400
I wanted it, I wanted to review
and it's Atlanta.

742
00:32:42,400 --> 00:32:45,300
This okay, so hopefully you
know, as he's mentioned, our

743
00:32:45,300 --> 00:32:47,200
socialist lll, instill is really
trying to push our Twitter at

744
00:32:47,208 --> 00:32:49,000
the moment so I really
appreciate any follows on there

745
00:32:49,000 --> 00:32:50,600
and, you know, retweets and
likes and things because we're

746
00:32:50,600 --> 00:32:52,800
trying to build a bit of an
audience on there and it has

747
00:32:52,800 --> 00:32:54,500
been amazing and has been
tweeting.

748
00:32:54,500 --> 00:33:00,100
Lots and getting involved.
But sweet was Sky News this week

749
00:33:00,100 --> 00:33:01,700
and Dylan's.
I just want to read your reply.

750
00:33:02,000 --> 00:33:04,900
Sounds good site to make because
it's kind you said British prime

751
00:33:04,900 --> 00:33:09,000
minister RI Su Knack has hinted,
he will ignore recommendations

752
00:33:09,000 --> 00:33:11,200
for public sector.
Pay Rises saying workers need to

753
00:33:11,200 --> 00:33:14,600
recognize the economic context.
Wherein let the same sort of

754
00:33:14,600 --> 00:33:19,200
comment, like, condescending,
crap, and you just said, well

755
00:33:19,200 --> 00:33:22,100
what's the point in the reports
then absolutely wasting taxpayer

756
00:33:22,100 --> 00:33:24,200
money to generate a report?
You've already decided you'll

757
00:33:24,200 --> 00:33:27,800
ignore wasted money in the hope
that the independent review

758
00:33:27,800 --> 00:33:30,600
bodies would back the choice.
You've already made cowardly

759
00:33:30,600 --> 00:33:36,300
leadership, Russia soon.
Jack pop up on my phone and I

760
00:33:36,300 --> 00:33:38,500
was like, there's a spirit,
there's the keyboard Warrior

761
00:33:38,500 --> 00:33:40,300
that.
I know I am coming out until

762
00:33:41,100 --> 00:33:43,800
really crappy.
Listen, you've got to punch up

763
00:33:43,800 --> 00:33:47,400
and there's no one further up
than that guy, and it winds me

764
00:33:47,400 --> 00:33:48,900
up.
And I'm gonna go on one now

765
00:33:48,900 --> 00:33:52,500
because it really does really
wind me up because it reminds me

766
00:33:52,500 --> 00:33:56,300
of that, the behavior of
children, who, I teach, when

767
00:33:56,300 --> 00:33:57,900
you, when you're younger, you
remember, we've got siblings,

768
00:33:57,900 --> 00:34:00,100
we've got siblings.
You'd be having an argument

769
00:34:00,100 --> 00:34:04,600
behind your siblings and your
And so would walk through it,

770
00:34:04,600 --> 00:34:08,100
you don't, you think that we
should be allowed to have an

771
00:34:08,100 --> 00:34:10,500
extra day of school?
And if the person agrees with

772
00:34:10,500 --> 00:34:13,699
you, you like see, he said it,
he suddenly the beacon of

773
00:34:13,699 --> 00:34:16,600
absolute reason, because he said
if I'm right, but if that same

774
00:34:16,600 --> 00:34:18,199
person walked through went no,
actually, I don't think.

775
00:34:18,199 --> 00:34:19,400
That's right.
You got over it doesn't matter

776
00:34:19,400 --> 00:34:21,000
what you think anyway, and you
go to the next person.

777
00:34:21,100 --> 00:34:22,199
Yeah.
You keep going around the room

778
00:34:22,300 --> 00:34:24,600
and then as soon as one person
agrees with you or that one

779
00:34:24,600 --> 00:34:26,199
person, see their opinions
really am.

780
00:34:26,199 --> 00:34:28,400
And now I'm correct.
It's the same thing.

781
00:34:28,500 --> 00:34:30,699
What is the point in this Str be
report?

782
00:34:31,199 --> 00:34:33,199
I want to talk.
You Hayden I want to I want to

783
00:34:33,207 --> 00:34:34,600
play you a clip if you don't
mind.

784
00:34:34,699 --> 00:34:36,699
Yeah.
And this this really peaked my

785
00:34:36,699 --> 00:34:39,400
interest it really piqued my
interest so it's Gillian Keegan

786
00:34:39,800 --> 00:34:42,500
she was talking a couple of
months ago and this is when kind

787
00:34:42,500 --> 00:34:44,300
of came to kind of a gridlock
with the unions.

788
00:34:44,500 --> 00:34:46,699
Okay.
And it's to do the Str BRB

789
00:34:46,699 --> 00:34:49,300
report because the just you all
know guys.

790
00:34:49,300 --> 00:34:51,100
Jillian Keegan is the education
secretary.

791
00:34:51,100 --> 00:34:54,300
So she's in charge of Education
in this country and she is the

792
00:34:54,300 --> 00:34:56,800
one who is supposed to be in
negotiations, with the unions.

793
00:34:56,800 --> 00:34:59,500
But it's been, you know, hitting
a brick, like hitting myself

794
00:34:59,500 --> 00:35:01,000
against a brick wall.
I don't know the saying is

795
00:35:01,800 --> 00:35:04,000
Things do a brick wall and, and
doing something repeatedly are

796
00:35:04,008 --> 00:35:05,600
not getting anything out of it.
That's just like that.

797
00:35:06,300 --> 00:35:10,700
So Jillian Keegan did an
interview with ITV News and it's

798
00:35:10,700 --> 00:35:12,200
really interesting to hear what
she said.

799
00:35:12,300 --> 00:35:14,500
Referencing the Str Str be
reports.

800
00:35:14,500 --> 00:35:16,100
So Hayden.
I want to play it to you and

801
00:35:16,100 --> 00:35:17,700
then maybe dissecting to it
afterwards.

802
00:35:17,700 --> 00:35:18,300
Okay.
Yeah.

803
00:35:18,300 --> 00:35:20,400
It sounds good.
Okay, here's Jillian.

804
00:35:20,400 --> 00:35:23,800
Keegan, I've already given my
evidence to the independent

805
00:35:23,800 --> 00:35:26,000
payment view body.
I think all the unions are doing

806
00:35:26,000 --> 00:35:27,700
that as well.
They also take into account

807
00:35:27,700 --> 00:35:30,000
economic factors.
So it's with the pay review body

808
00:35:30,000 --> 00:35:31,600
night, you're not talking to the
union.

809
00:35:31,700 --> 00:35:34,000
And well, I mean I talked to
them but we're not having

810
00:35:34,000 --> 00:35:37,100
negotiations promise is wrong to
say that your door is open.

811
00:35:37,200 --> 00:35:40,800
Well, we, you know, we are our
door is always open.

812
00:35:40,800 --> 00:35:44,200
But right now, when it's not, if
you're sending them to the peer

813
00:35:44,200 --> 00:35:46,500
review, well, that's the process
that we're in place.

814
00:35:46,500 --> 00:35:48,400
So, you know, it seems make, it
makes sense.

815
00:35:48,400 --> 00:35:50,900
Now, that we both, you know,
sort of put our evidence in and

816
00:35:50,900 --> 00:35:53,000
then an independent person,
looks at all of that and then,

817
00:35:53,000 --> 00:35:55,600
we'll come up with their
recommendations so Hayden.

818
00:35:55,600 --> 00:35:57,400
And what your gut reaction
before I go into the points, I

819
00:35:57,408 --> 00:35:58,700
want to make after watching
that.

820
00:35:59,900 --> 00:36:02,100
So I feel like you're gonna know
a lot more than me, but Just

821
00:36:02,100 --> 00:36:05,200
because I haven't seen that
before, but I just, what was she

822
00:36:05,200 --> 00:36:08,300
talking about with her?
Our door is always open but it's

823
00:36:08,300 --> 00:36:09,900
closed right now.
I did that bit.

824
00:36:09,900 --> 00:36:12,500
Just I was smiling thinking.
Clearly, this is what Dylan's

825
00:36:12,500 --> 00:36:13,900
gonna take the mick out of here.
I did it.

826
00:36:13,900 --> 00:36:16,300
You know, example to it, there
is interested.

827
00:36:16,300 --> 00:36:18,400
That's something that I kind of
wanted to play in the middle.

828
00:36:18,500 --> 00:36:19,700
But it's also either side for
me.

829
00:36:19,700 --> 00:36:21,800
So I'll address that open door
thing to me.

830
00:36:21,800 --> 00:36:23,100
That's just classic politics,
isn't it?

831
00:36:23,100 --> 00:36:25,200
Classic politics where you've
got?

832
00:36:25,200 --> 00:36:28,000
Lots of moving Parts, you know,
she's the education, secretary,

833
00:36:28,000 --> 00:36:30,000
the Prime Minister might been in
an interview that morning and

834
00:36:30,000 --> 00:36:32,200
she hasn't even seen the
interview yet and this Messaging

835
00:36:32,200 --> 00:36:35,200
where they're just clearly
trained to bat off.

836
00:36:35,200 --> 00:36:37,400
Any kind of, you know,
questioning that you could

837
00:36:37,400 --> 00:36:39,300
possibly have.
And it was just hilarious me to

838
00:36:39,300 --> 00:36:40,300
watch her, look down at the
ground.

839
00:36:40,300 --> 00:36:42,300
As if to say I don't know what
to say now because I just want

840
00:36:42,300 --> 00:36:45,800
to fix the Prime Minister and
see how so you have flat foot

841
00:36:46,100 --> 00:36:48,000
would go about it.
But the bet I wanted to dive

842
00:36:48,000 --> 00:36:50,400
into, maybe I can kind of
uncover this a bit for you.

843
00:36:50,400 --> 00:36:55,500
Here was her Reliance on the Str
Str be report.

844
00:36:55,500 --> 00:36:58,000
So for anyone who doesn't know
the Str be report is a teacher.

845
00:36:58,000 --> 00:37:00,000
A paper is a teacher review, pay
body.

846
00:37:00,100 --> 00:37:01,600
Okay, it's completely
independent.

847
00:37:01,800 --> 00:37:04,500
Of the government.
And every year, they'll release

848
00:37:04,500 --> 00:37:08,200
what they think is a suitable
pay rise for teachers.

849
00:37:08,200 --> 00:37:11,200
Now last year, Jillian, Keegan
came into office.

850
00:37:11,200 --> 00:37:13,300
I think it was it would be in
October time, November time

851
00:37:13,300 --> 00:37:16,800
after the the list, trust
pallava.

852
00:37:17,100 --> 00:37:21,400
And she implemented, what was a
5% increase last year for the

853
00:37:21,400 --> 00:37:23,800
Str be report?
Yes, it was it was recommended

854
00:37:23,900 --> 00:37:26,900
and she implemented it all good.
Okay?

855
00:37:27,000 --> 00:37:30,900
And at the time she was talking
about how, how good the Str be

856
00:37:30,900 --> 00:37:34,600
process is And and in that
video, you heard at the start

857
00:37:34,600 --> 00:37:37,600
saying, well, look teachers have
rejected 4.5%.

858
00:37:37,800 --> 00:37:39,800
Okay.
And her line at the time was.

859
00:37:39,900 --> 00:37:43,200
So now when the Str be report
comes in, it's down to that

860
00:37:43,200 --> 00:37:46,100
teachers and it was kind of this
condescending tone of, well,

861
00:37:46,100 --> 00:37:49,500
you've not taken the 4.5%.
So it's down to the independent

862
00:37:49,500 --> 00:37:52,300
report now, and if that's worse,
then that so be it.

863
00:37:52,400 --> 00:37:54,800
And that's kind of the line.
They were taking turns out.

864
00:37:54,800 --> 00:37:57,400
The stre report has been in
their desk for a few months now

865
00:37:57,500 --> 00:38:00,300
and it's a recommendation of
6.5%.

866
00:38:00,700 --> 00:38:02,400
Yep.
So I I think it's interesting

867
00:38:02,400 --> 00:38:04,400
watching that video before they
need this was leaked of her

868
00:38:04,400 --> 00:38:06,000
saying what?
It's 50 Str be.

869
00:38:06,000 --> 00:38:09,700
Now, I've submitted my evidence
and I think any you will submit

870
00:38:09,700 --> 00:38:12,700
their evidence and lots of
people submit their evidence and

871
00:38:12,700 --> 00:38:16,400
what she said, was it takes into
account economic factors.

872
00:38:16,600 --> 00:38:18,600
Now, I'm pretty sure.
That means that it takes into

873
00:38:18,600 --> 00:38:21,300
account, the inflationary
figures, it takes into account,

874
00:38:21,300 --> 00:38:23,500
the macro-level figures.
It takes into account the

875
00:38:23,500 --> 00:38:26,300
interest rate figures and the
independent Review Board of

876
00:38:26,400 --> 00:38:29,000
listen to all of the evidence
and have come back with a

877
00:38:29,008 --> 00:38:33,400
suggestion of 6.5%.
Now What is cowardly, pathetic,

878
00:38:33,400 --> 00:38:37,000
and awful is now that number
one, they've not published a

879
00:38:37,008 --> 00:38:39,600
review since.
Now, I'll give them the Jews.

880
00:38:39,600 --> 00:38:42,600
The Str be report is usually
published at the end of July,

881
00:38:42,800 --> 00:38:44,100
okay?
In the last few years since

882
00:38:44,100 --> 00:38:48,300
about 2018 that has been when
it's been published, I would

883
00:38:48,300 --> 00:38:50,100
argue that the situation
slightly different.

884
00:38:50,100 --> 00:38:52,600
Now, in terms of strike action
for the last six, seven, eight

885
00:38:52,600 --> 00:38:55,700
months so maybe do push it
forward as soon as possible to

886
00:38:55,700 --> 00:38:57,700
kind of try and resolve it and
show that you're serious about

887
00:38:57,700 --> 00:38:59,100
doing that.
No they're not.

888
00:38:59,100 --> 00:39:02,500
They're going to push it back.
And now as time Eeks towards

889
00:39:02,500 --> 00:39:05,400
that publication date.
It seems as if they're going to

890
00:39:05,408 --> 00:39:08,400
reject it and I think it's
hypocritical, I think it's

891
00:39:08,400 --> 00:39:10,300
cowardly.
I think that they flip-flop

892
00:39:10,300 --> 00:39:12,500
based on whatever they want to
do at the time and it

893
00:39:12,500 --> 00:39:16,000
frustrates, me Hayden that I
feel like the public sector are

894
00:39:16,000 --> 00:39:18,300
the ones bearing.
The burden for this crisis

895
00:39:18,300 --> 00:39:22,100
because not only, of course,
everyone has the inflationary

896
00:39:22,100 --> 00:39:25,500
shock of everything going up.
But if you look at average pay

897
00:39:25,500 --> 00:39:27,900
rises in the public sector, in
the private sector, you looking

898
00:39:27,900 --> 00:39:31,200
at between seven and eight
percent public sector.

899
00:39:31,200 --> 00:39:32,900
There will be Offered four
percent they're going to reject

900
00:39:32,900 --> 00:39:36,500
6%.
Why are we the ones that have to

901
00:39:36,500 --> 00:39:38,900
bear this brunt and listen to
Russia sooner?

902
00:39:39,200 --> 00:39:42,000
Tell us down the camera as a
billionaire that we just have to

903
00:39:42,000 --> 00:39:43,300
suck it up.
Why?

904
00:39:43,700 --> 00:39:46,500
But look, someone said to me
recently and you know, way more

905
00:39:46,500 --> 00:39:48,600
about this than me.
So I am genuinely genuinely just

906
00:39:48,600 --> 00:39:51,400
kind of rely on you to like help
me understand some of this right

907
00:39:52,100 --> 00:39:53,900
to things.
Someone said to me recently

908
00:39:54,600 --> 00:39:57,800
someone a lot older said look,
it is what it is.

909
00:39:59,200 --> 00:40:04,700
Inflation will continue to go up
if we keep offering huge, pay

910
00:40:04,700 --> 00:40:08,900
Rises to various sectors right
at some point, it just has to

911
00:40:08,900 --> 00:40:10,400
stop and was essentially
mirroring.

912
00:40:10,400 --> 00:40:11,100
I guess what?
Richie soon.

913
00:40:11,100 --> 00:40:13,700
As I said, we need to recognize
the economic context.

914
00:40:13,700 --> 00:40:17,700
Wherein and inflation is
spiraling, it has to stop and

915
00:40:17,700 --> 00:40:20,900
and that brunt has to be taken,
you can't have you could just

916
00:40:20,900 --> 00:40:23,100
cut.
We just can't all have an

917
00:40:23,100 --> 00:40:27,400
inflationary level pay rise.
Before I say anything else, I

918
00:40:27,400 --> 00:40:29,900
just want your reaction to that.
Like what do you say when people

919
00:40:29,900 --> 00:40:31,100
say that?
Because I usually get a little

920
00:40:31,100 --> 00:40:34,700
bit stumped in terms of, I don't
know exactly how to respond to

921
00:40:34,700 --> 00:40:38,300
it.
Here's the thing, I actually

922
00:40:38,300 --> 00:40:41,900
agree.
Okay, I agree that inflation is

923
00:40:42,900 --> 00:40:47,200
horrendous for so many reasons,
for business for household

924
00:40:47,200 --> 00:40:50,900
income, for being for the
poorest being squeezed, the

925
00:40:50,908 --> 00:40:53,200
most, I completely get that,
okay.

926
00:40:53,700 --> 00:40:57,100
I think my bear bug.
Here is number one.

927
00:40:57,400 --> 00:40:59,900
There's been no attempt by the
government to try and introduce

928
00:40:59,900 --> 00:41:02,200
measures to try and curb
inflation in the private sector.

929
00:41:02,900 --> 00:41:04,800
So there's no, there's no,
there's no attempt from the

930
00:41:04,808 --> 00:41:07,100
government to kind of be like,
okay look public sector.

931
00:41:07,100 --> 00:41:09,300
We're in charge of we're going
to do this private sector.

932
00:41:09,300 --> 00:41:10,800
You guys, you're going to have
to help us out.

933
00:41:10,900 --> 00:41:14,600
You can't enjoy 89 percent your
that if public sector pay is

934
00:41:14,600 --> 00:41:17,300
going to fuel inflation.
How can we pretend that private

935
00:41:17,300 --> 00:41:19,000
sector pay isn't feeling
inflation as well?

936
00:41:19,500 --> 00:41:23,000
And I think the number one thing
that really, really, winds me up

937
00:41:23,000 --> 00:41:25,000
here is, who's being targeted to
be.

938
00:41:25,100 --> 00:41:27,400
The brunt, okay?
Because there are a number of

939
00:41:27,400 --> 00:41:29,700
ways you can go about this
trying to squeeze inflation and

940
00:41:29,700 --> 00:41:31,300
I'm not suggesting.
Everyone should get inflation,

941
00:41:31,300 --> 00:41:33,800
we pay rise.
I think that if 6.5% was offered

942
00:41:33,800 --> 00:41:35,900
to schools and it was funded, it
would be overwhelmingly

943
00:41:35,900 --> 00:41:38,100
accepted.
Which by the way is still less

944
00:41:38,100 --> 00:41:40,800
than half of inflation over the
last number of months.

945
00:41:41,000 --> 00:41:43,100
So let's not pretend that we
want an inflation, we pay rise.

946
00:41:43,100 --> 00:41:46,300
We don't, we want it to be
funded, and we want it to kind

947
00:41:46,300 --> 00:41:48,000
of help us a bit with the
impact.

948
00:41:48,000 --> 00:41:50,800
Okay?
The second thing that I will say

949
00:41:50,800 --> 00:41:53,100
is, as a result, I think the
poorest should be, always be

950
00:41:53,100 --> 00:41:56,500
protected more than anything.
One and I'm willing to say from

951
00:41:56,500 --> 00:41:59,200
our situation, we don't need to
be protected nearly as much as

952
00:41:59,200 --> 00:42:01,600
the poorest do because it's not
fun being on Universal Credit.

953
00:42:01,600 --> 00:42:04,700
I don't care what people say or
think Universal Credit is if

954
00:42:04,700 --> 00:42:06,500
you're on Universal Credit it's
not happy life.

955
00:42:06,700 --> 00:42:08,700
If it is, why don't you quit
your job and go to Universal

956
00:42:08,700 --> 00:42:10,200
Credit?
Then of course you won't because

957
00:42:10,200 --> 00:42:11,700
it's obviously worse than the
situation.

958
00:42:11,700 --> 00:42:14,700
Right now you're just peddling.
This nonsense from your soapbox

959
00:42:14,700 --> 00:42:17,100
because you get annoyed that
some people, get some people get

960
00:42:17,100 --> 00:42:18,500
a free ride.
No, they don't.

961
00:42:18,600 --> 00:42:20,300
If they get a free ride, go and
do it, mate.

962
00:42:20,300 --> 00:42:23,200
Go and do it for one month.
You wouldn't survive a second.

963
00:42:23,200 --> 00:42:24,800
So the poorest need to be
protected.

964
00:42:25,100 --> 00:42:28,600
What's being squeezed right now,
massively and I'm and it's

965
00:42:28,600 --> 00:42:31,300
selfish.
It's people like us and I don't,

966
00:42:31,300 --> 00:42:35,000
and I will never turn my anger
to the poorest and say, well,

967
00:42:35,000 --> 00:42:37,500
why don't we stop helping these
got, why are they getting a

968
00:42:37,500 --> 00:42:40,300
cost-of-living payment?
No, no, let's turn our focus and

969
00:42:40,300 --> 00:42:42,400
look up.
Let's look up at the huge

970
00:42:42,400 --> 00:42:44,800
profits that the energy
companies have been enjoying as

971
00:42:44,800 --> 00:42:47,400
a result of the Ukraine war.
Let what's that doing to

972
00:42:47,400 --> 00:42:49,900
inflation?
By the way, these record, huge

973
00:42:49,900 --> 00:42:52,700
billions of pounds of profit and
and it.

974
00:42:53,300 --> 00:42:54,900
What are we doing to try and
level?

975
00:42:55,100 --> 00:42:56,700
That out.
Why are we not looking at

976
00:42:56,700 --> 00:42:57,900
focusing?
Our attention there.

977
00:42:58,100 --> 00:43:00,400
Why we're not increasing taxes
for the most super wealthy in

978
00:43:00,408 --> 00:43:02,300
the country?
I'm not talking 80 grand, I'm

979
00:43:02,300 --> 00:43:04,400
not talking 200 Grand.
I'm not even talking to

980
00:43:04,400 --> 00:43:07,100
underground.
I'm talking the almost Ultra

981
00:43:07,100 --> 00:43:10,000
rich people in this country.
Why not focusing our attention

982
00:43:10,000 --> 00:43:11,100
there?
Because surely that's more

983
00:43:11,100 --> 00:43:12,300
inflation.
We than anything.

984
00:43:12,800 --> 00:43:17,000
What is wrong with this country
that we are such a mindset of

985
00:43:17,000 --> 00:43:19,700
bootlickers that we can never
think to look up because we

986
00:43:19,700 --> 00:43:22,200
think one day that'll be us.
And when we're millionaires we

987
00:43:22,200 --> 00:43:24,500
don't want someone coming after
us for our hard-earned money.

988
00:43:25,100 --> 00:43:28,700
Complete rubbish.
Yeah, I've recently saw a video

989
00:43:29,000 --> 00:43:31,000
and I bet you've seen these
sorts of videos as well before

990
00:43:31,000 --> 00:43:36,100
it Darrin Jones, Labour MP who
often grills he often grills

991
00:43:36,100 --> 00:43:37,300
businesses.
He's quite famous as that,

992
00:43:37,300 --> 00:43:39,300
there's loads of, like,
Tick-Tock Clips, Instagram,

993
00:43:39,300 --> 00:43:42,700
reels and things of him, just
rinsing corporations with,

994
00:43:42,700 --> 00:43:45,200
really, really good questioning
that's what he's good at.

995
00:43:45,600 --> 00:43:48,000
And and I think I've come to
this, the similar sort of

996
00:43:48,000 --> 00:43:50,800
conclusion is you in terms of,
we need to be looking upwards.

997
00:43:50,800 --> 00:43:55,500
And, and I just think the
argument that That that person

998
00:43:55,500 --> 00:43:59,300
was making to me is always well,
someone's gotta take the hit and

999
00:43:59,300 --> 00:44:01,500
stop inflation and my response
is with.

1000
00:44:01,500 --> 00:44:05,000
Why is it always me why?
And by me I mean us like the

1001
00:44:05,000 --> 00:44:08,200
collective Working Class People,
why is it always asking, why

1002
00:44:08,200 --> 00:44:09,300
does that?
It's like, you know, when you

1003
00:44:09,300 --> 00:44:11,600
got siblings and no one wants to
have someone's have the last

1004
00:44:11,600 --> 00:44:13,900
hit, you know, like good young.
When your players happens, when

1005
00:44:13,900 --> 00:44:15,200
you're a kid, you're fighting
over.

1006
00:44:15,500 --> 00:44:17,300
You always wanna get that.
You're the last jabbing, because

1007
00:44:17,300 --> 00:44:18,800
then, you know, you've got this
little model thing.

1008
00:44:18,800 --> 00:44:20,200
I've won.
Now I got a last job.

1009
00:44:20,400 --> 00:44:22,100
We're always the last ones to be
jabbed.

1010
00:44:22,100 --> 00:44:24,000
Always.
And, and I'm just like, can we

1011
00:44:24,000 --> 00:44:26,300
come?
Can they have Last job and Aaron

1012
00:44:26,300 --> 00:44:30,400
Jones was grilling like
Supermarket bosses like Tesco

1013
00:44:30,400 --> 00:44:32,500
and Sainsbury's.
Not that and basically saying to

1014
00:44:32,500 --> 00:44:34,100
them and they have nothing to
come back.

1015
00:44:34,100 --> 00:44:35,700
And by the way on this, they
had, they would just stumped.

1016
00:44:35,700 --> 00:44:37,600
It was sweating.
There's nothing to say because

1017
00:44:37,600 --> 00:44:40,900
they've just rinsed people.
They've rinsed inflation for

1018
00:44:40,900 --> 00:44:43,600
their own profits and they just
don't care because no one is

1019
00:44:43,600 --> 00:44:45,500
controlling them.
The government isn't saying to

1020
00:44:45,500 --> 00:44:47,700
them.
Well, you need to recognize the

1021
00:44:47,700 --> 00:44:50,100
economic context, wherein and
stop doing that.

1022
00:44:50,100 --> 00:44:53,100
Nope, so Tesco he was say, I cut
them the exact figures but it

1023
00:44:53,100 --> 00:44:55,600
was roughly.
It was roughly like Tesco were

1024
00:44:55,600 --> 00:44:59,400
making like 1.9 billion profit
in just before covid like a

1025
00:44:59,408 --> 00:45:02,400
yearly profit and then just
after covid, their profits were

1026
00:45:02,408 --> 00:45:05,300
at like 2.3 billion.
So they'd made this like 20

1027
00:45:05,300 --> 00:45:08,700
percent rise like 400 million
pounds more profit.

1028
00:45:08,700 --> 00:45:09,700
I just want to make that really
clear.

1029
00:45:09,700 --> 00:45:12,900
That is literal profit for the
company, okay?

1030
00:45:12,900 --> 00:45:15,200
The CEO and the shareholders,
whether they want to give it to

1031
00:45:15,200 --> 00:45:19,100
profit, not just, you know, that
everything else was accounted

1032
00:45:19,100 --> 00:45:21,700
for everyone got paid even any
pay Rises were accounted for in

1033
00:45:21,700 --> 00:45:24,700
that people got paid.
And they met, they creamed off

1034
00:45:24,700 --> 00:45:28,000
for Hundred million pounds more
because they put their prices

1035
00:45:28,000 --> 00:45:32,100
up.
What we call that, what we call

1036
00:45:32,100 --> 00:45:34,100
that thing when the prices of
stuff go up.

1037
00:45:34,100 --> 00:45:36,200
So it was obvious inflation.
Its inflation is like, know,

1038
00:45:36,200 --> 00:45:37,700
they're the ones putting it up
though.

1039
00:45:37,700 --> 00:45:39,600
They didn't need to put it up
that much.

1040
00:45:39,600 --> 00:45:42,700
They, they made inflation bad
but because they made food eight

1041
00:45:42,700 --> 00:45:44,800
percent more expensive
overnight.

1042
00:45:44,800 --> 00:45:47,300
Like what are we, how are they
not accountable?

1043
00:45:47,300 --> 00:45:49,300
Why do we have to why someone
saying to me?

1044
00:45:49,500 --> 00:45:52,900
Well, you know, you got to just
kind of take it, you could we we

1045
00:45:52,900 --> 00:45:55,500
got to suck it up and take away,
otherwise inflation will spiral.

1046
00:45:55,600 --> 00:45:58,400
Yeah, it will can we can we tell
Tesco to put that prices down

1047
00:45:58,400 --> 00:45:59,100
again.
Please.

1048
00:45:59,100 --> 00:46:01,900
So that it stops spiraling and
just pay me a bit more as soon

1049
00:46:01,900 --> 00:46:04,000
as there as soon as profit,
right?

1050
00:46:04,100 --> 00:46:07,400
So imagine Tesco put their
prices up because of food prices

1051
00:46:07,400 --> 00:46:09,100
to go up.
Okay, so there's a, there's a

1052
00:46:09,100 --> 00:46:10,700
chain.
We are not stupid.

1053
00:46:10,700 --> 00:46:12,800
We run a business as well.
We understand there are levels

1054
00:46:12,800 --> 00:46:14,800
to this and it's not a simple of
world price.

1055
00:46:14,800 --> 00:46:18,000
Go up there, make more money,
know the cost of it might have

1056
00:46:18,000 --> 00:46:20,700
gone up, right?
But the only way that it was

1057
00:46:20,700 --> 00:46:24,300
pure inflation, their prices
going up would have been if

1058
00:46:24,300 --> 00:46:26,500
their profit stayed the same.
Yeah, because the amount of

1059
00:46:26,500 --> 00:46:28,300
money they took in might have
increased, but the amount of

1060
00:46:28,300 --> 00:46:31,900
money, Out might have increased.
No, no, this is greed fashion.

1061
00:46:32,100 --> 00:46:35,500
I would love to know how much
percentage of the increase in

1062
00:46:35,500 --> 00:46:38,700
food prices were simply on the
profit The Profit line yet

1063
00:46:38,700 --> 00:46:43,400
because any any of that profit
from the supermarket's on food,

1064
00:46:43,600 --> 00:46:46,200
any of that profit on the energy
companies.

1065
00:46:46,300 --> 00:46:50,700
As a result, the Ukraine war is
making a profit on a crisis and

1066
00:46:50,700 --> 00:46:53,700
it's disgusting.
Because at the end of the day,

1067
00:46:54,000 --> 00:46:56,300
the government can Samurai say,
well we have control over public

1068
00:46:56,300 --> 00:46:58,100
sector pay.
So we're going to have to really

1069
00:46:58,100 --> 00:47:00,300
just squeeze.
That there it's small.

1070
00:47:00,300 --> 00:47:02,400
Fry.
What are you talking about that?

1071
00:47:02,400 --> 00:47:04,800
That is the only way that we can
in control inflation.

1072
00:47:05,000 --> 00:47:06,800
No, no.
Not asking for the 11%.

1073
00:47:06,800 --> 00:47:09,400
I understand that.
When I if I get a 6.5 percent

1074
00:47:09,400 --> 00:47:11,500
rise that I've except I
understand that actually I'm

1075
00:47:11,500 --> 00:47:15,500
still 6% poorer, I get that and
I'm willing to maybe take that

1076
00:47:15,600 --> 00:47:18,900
flak even though I don't want to
but that's the situation we're

1077
00:47:18,900 --> 00:47:20,700
in.
So let's not pretend that were

1078
00:47:20,700 --> 00:47:22,800
being unreasonable here.
Let's not pretend that were

1079
00:47:22,800 --> 00:47:25,500
being selfish saying, well I'm
not going to take anything from

1080
00:47:25,500 --> 00:47:28,300
inflation.
No no me accepting the highest I

1081
00:47:28,308 --> 00:47:30,000
could.
Possibly getting this situation

1082
00:47:30,100 --> 00:47:32,000
is still half of what inflation
is.

1083
00:47:32,300 --> 00:47:37,600
So let's just recalibrate this
attitude towards teachers, which

1084
00:47:37,600 --> 00:47:40,000
is that we're being greedy.
Actually, we could have taken

1085
00:47:40,000 --> 00:47:41,700
four and a half percent and
would have taken money out of

1086
00:47:41,700 --> 00:47:44,900
your children's livelihoods at
school.

1087
00:47:45,000 --> 00:47:48,100
We don't want to do that.
It is not greed.

1088
00:47:48,200 --> 00:47:51,800
We are just fed up of us.
Being squeezed constantly,

1089
00:47:51,900 --> 00:47:54,900
400-pound on your mortgage hire
200 pound on your food, but

1090
00:47:54,900 --> 00:47:58,300
higher, no increase in your pay
or a measly.

1091
00:47:58,600 --> 00:48:01,100
Kris at that.
And remember, if we get a six

1092
00:48:01,100 --> 00:48:03,300
percent, pay increase on our
jobs.

1093
00:48:03,400 --> 00:48:05,400
That's not a six percent.
Pay increase in what we take

1094
00:48:05,400 --> 00:48:06,300
home.
Oh no.

1095
00:48:06,400 --> 00:48:08,200
Because tax and income tax comes
after that.

1096
00:48:08,500 --> 00:48:11,300
So actually in our take-home
pay, it's even less of a

1097
00:48:11,308 --> 00:48:13,300
percent.
So we've got even less spending

1098
00:48:13,300 --> 00:48:18,000
power, it, winds me up.
I think that it's just a very

1099
00:48:18,000 --> 00:48:21,300
easy point to make from Russia
soon, accept their and is his

1100
00:48:21,300 --> 00:48:24,200
Golden Throne saying, we just
have to get through it.

1101
00:48:24,500 --> 00:48:27,100
I'm sorry, but there is a
different option and you're not

1102
00:48:27,100 --> 00:48:30,200
even entertaining it.
Well, the And to just finishing

1103
00:48:30,200 --> 00:48:33,000
the analogy with Tesco the
equivalent to Tesco experiencing

1104
00:48:33,000 --> 00:48:35,600
what we're experiencing their
CEOs and their shareholders

1105
00:48:36,400 --> 00:48:39,800
would be in that you said us
taking a 6.5 percent, pay rise,

1106
00:48:39,800 --> 00:48:43,700
would still be a pay cut because
it's less spent, you know, money

1107
00:48:43,700 --> 00:48:45,800
that we can spend it would be
the equivalent of Tesco saying

1108
00:48:45,800 --> 00:48:49,500
across covid and up to now, we
know we've made lower profits

1109
00:48:49,500 --> 00:48:52,600
than we did in 2019 and be like
yeah, cool.

1110
00:48:52,900 --> 00:48:54,200
That's what we're all doing.
Cheers.

1111
00:48:54,200 --> 00:48:56,600
Thanks Tesco for not.
Put your prices up and bearing

1112
00:48:56,600 --> 00:48:58,300
the burden we're all bearing.
But no.

1113
00:48:58,300 --> 00:48:58,800
No.
Oh, no.

1114
00:48:58,800 --> 00:49:01,700
They made 400 million pounds
more in that time, you think.

1115
00:49:01,800 --> 00:49:04,800
Ah, whatever.
And all they are, all they come

1116
00:49:04,800 --> 00:49:06,300
back with is because there
because they were of such

1117
00:49:06,300 --> 00:49:09,200
massive numbers obviously being
a huge, huge companies, they

1118
00:49:09,200 --> 00:49:11,300
just say things, like we've
maintained.

1119
00:49:11,300 --> 00:49:13,800
We've maintained a profit margin
of two to three percent every

1120
00:49:13,800 --> 00:49:16,800
year of our Revenue.
It's like okay.

1121
00:49:17,800 --> 00:49:20,100
Don't care though, because that
numbers are relevant eyetooth of

1122
00:49:20,100 --> 00:49:21,800
two to three percent of like a
trillion power.

1123
00:49:21,800 --> 00:49:25,300
You know, who Norma's amount of
money they make as Revenue as a

1124
00:49:25,308 --> 00:49:26,700
company.
It's just a relevant.

1125
00:49:26,700 --> 00:49:28,500
I don't care if it's two, if two
points.

1126
00:49:28,600 --> 00:49:32,600
I % 22.6 percent, means you make
400 pounds, 400 million pounds

1127
00:49:32,600 --> 00:49:35,400
more a year than that was a
terrible terrible thing and you

1128
00:49:35,400 --> 00:49:37,300
absolutely shouldn't be gloating
about the fact, you've kept it

1129
00:49:37,300 --> 00:49:39,600
within 3%.
That's all for you've made loads

1130
00:49:39,600 --> 00:49:41,900
of profit off the backs of us.
And we've now got a bear.

1131
00:49:41,900 --> 00:49:45,400
The burden of stopping inflation
that you have literally

1132
00:49:45,400 --> 00:49:50,600
perpetuated as a corporation
completely unregulated by the

1133
00:49:50,600 --> 00:49:53,300
richest man on on the planet.
I'm exaggerating.

1134
00:49:53,300 --> 00:49:57,000
Now who happens to be in charge
of our country at what backwards

1135
00:49:57,000 --> 00:50:00,000
World we're living in.
And with that, I'm going to

1136
00:50:00,000 --> 00:50:05,200
start ranting, I kind of want to
make it come full circle here

1137
00:50:05,200 --> 00:50:07,900
Hayden.
Because here's the thing right

1138
00:50:07,900 --> 00:50:11,300
now in our current situation,
the any year, as we are loaded,

1139
00:50:11,300 --> 00:50:14,000
alluded to how a continuing
strike action.

1140
00:50:14,100 --> 00:50:17,800
Yeah, okay so I think as
teachers we understand that

1141
00:50:17,800 --> 00:50:20,400
giving up the fight now would be
quite frustrating seeing as

1142
00:50:20,400 --> 00:50:22,800
though, nothing has happened.
But there's a couple of things

1143
00:50:22,800 --> 00:50:26,200
one, I make really clear and I
think the first thing I want to

1144
00:50:26,207 --> 00:50:30,700
talk about is that there was A
bit of a miscommunication I'd

1145
00:50:30,700 --> 00:50:34,100
say into the public as to what
happens when teachers go and

1146
00:50:34,100 --> 00:50:35,900
strike.
And I want to make it really

1147
00:50:35,900 --> 00:50:38,800
clear now for a couple of
minutes and you could talk about

1148
00:50:38,900 --> 00:50:40,300
our experiences here, Hayden of
this.

1149
00:50:40,300 --> 00:50:44,500
Is that when teachers strike, we
don't actually get paid and I

1150
00:50:44,508 --> 00:50:48,900
think it's such a kind of symbol
of the times.

1151
00:50:48,900 --> 00:50:52,600
We are living in that we are
willing to forgo a day's salary

1152
00:50:53,100 --> 00:50:55,300
to argue the point that we're
not paid enough.

1153
00:50:55,500 --> 00:50:58,500
What kind of a situation must be
be in by teachers feel?

1154
00:50:58,700 --> 00:51:01,800
That way.
It's a weapon.

1155
00:51:01,800 --> 00:51:03,600
Is it?
Because it seems like a catch-22

1156
00:51:03,600 --> 00:51:06,400
in terms of well, people often
say, I've heard this argument,

1157
00:51:06,500 --> 00:51:08,300
if you can afford to take a day
off, clearly a salaries.

1158
00:51:08,300 --> 00:51:11,400
All right, and it's like it's
not, there is it's a sacrifice.

1159
00:51:11,400 --> 00:51:14,000
I don't think you quite
understand, the definition of

1160
00:51:14,000 --> 00:51:17,200
sacrifice people are so
desperate that I willing to be

1161
00:51:17,200 --> 00:51:22,200
even poorer for that months.
Pay to in desperation to not

1162
00:51:22,200 --> 00:51:24,600
continuously be this poor every
single month afterwards that

1163
00:51:24,600 --> 00:51:27,500
that's kind of the point.
I would make just another really

1164
00:51:27,500 --> 00:51:29,800
quick point.
I heard someone the other day.

1165
00:51:30,900 --> 00:51:34,900
At work, say to me, I'm so glad
we've got a strike days next

1166
00:51:34,900 --> 00:51:40,400
week because I'm so I'm drowning
in so much work that I can use

1167
00:51:40,400 --> 00:51:43,800
those two days to catch up.
And that to me, like, I know

1168
00:51:43,800 --> 00:51:45,600
they were just sort of saying it
in jest, but they were being

1169
00:51:45,600 --> 00:51:47,500
serious in terms of their,
they're going to catch up with

1170
00:51:47,500 --> 00:51:49,900
work because they work every day
and they just can't get all the

1171
00:51:49,900 --> 00:51:52,600
work done.
That is required of this job and

1172
00:51:52,600 --> 00:51:54,400
it's not the same for everybody
people in different positions

1173
00:51:54,400 --> 00:51:56,200
and teaching.
But I reckon there are plenty of

1174
00:51:56,200 --> 00:51:58,600
people who can resonate with
that person and be like, yep,

1175
00:51:58,600 --> 00:52:01,100
that's exactly where I am.
I will be doing Some work on the

1176
00:52:01,100 --> 00:52:03,000
strike.
They even though I shouldn't be

1177
00:52:03,500 --> 00:52:04,700
that.
That's the that's another sort

1178
00:52:04,700 --> 00:52:07,700
of layer of that.
Diana's this positions got to.

1179
00:52:07,700 --> 00:52:10,300
And that person was like, let's
just succumb to the idea of

1180
00:52:10,700 --> 00:52:12,100
that's it.
Now, this is how I get work

1181
00:52:12,100 --> 00:52:13,600
done.
I have to take unpaid days off

1182
00:52:13,600 --> 00:52:16,400
of work to two main take just to
get the job done.

1183
00:52:16,500 --> 00:52:19,300
And I'm just like, oh man, I
feel like I'm living in like, a,

1184
00:52:19,300 --> 00:52:22,600
some dystopian future.
I what Have We Become?

1185
00:52:22,700 --> 00:52:25,200
It's nice.
There's so mad, isn't it?

1186
00:52:25,200 --> 00:52:28,100
And I think it's just like a
sign of the actual profession,

1187
00:52:28,200 --> 00:52:30,900
how many Works, how it worked
days of work due to the When

1188
00:52:31,200 --> 00:52:33,200
you're not being paid, just to
make sure this job can actually

1189
00:52:33,200 --> 00:52:34,900
happen.
Something I wanted to dive in a

1190
00:52:34,908 --> 00:52:37,000
bit more of this two things
here.

1191
00:52:37,200 --> 00:52:40,800
Number one is, it's both linked
to the fact that the any you are

1192
00:52:40,800 --> 00:52:42,700
fan out strikes for this time.
Okay.

1193
00:52:42,900 --> 00:52:45,700
So a lot a lot of people, I
think in any you and this is

1194
00:52:45,700 --> 00:52:47,800
still going ahead by the way,
because the other unions are

1195
00:52:47,800 --> 00:52:51,000
balloting and we're looking at
industrial action in September

1196
00:52:51,400 --> 00:52:52,800
through more than just one
Union.

1197
00:52:53,000 --> 00:52:56,100
So so far, only the, any you
have met the threshold to go

1198
00:52:56,100 --> 00:52:58,000
through strikes.
There are three or four others

1199
00:52:58,000 --> 00:53:00,000
now that are trying to do.
So they include head teachers,

1200
00:53:00,000 --> 00:53:02,700
teaching, Assistance etcetera,
for having the biggest impact

1201
00:53:02,700 --> 00:53:05,600
possible.
Okay, two things have come from

1202
00:53:05,600 --> 00:53:08,700
this from this announcement that
they're going to have strikes in

1203
00:53:09,200 --> 00:53:11,200
this term.
Number one.

1204
00:53:11,200 --> 00:53:16,200
Quite a lot of teachers have
called it misjudged or not quite

1205
00:53:16,200 --> 00:53:18,700
happy that they've called
strikes in this time because of

1206
00:53:18,700 --> 00:53:20,500
the impact.
It's going to have on a lot of

1207
00:53:20,500 --> 00:53:23,500
things that's important for our
children, such as transitions,

1208
00:53:23,500 --> 00:53:25,900
such as Sports days, such as
those things that happen in this

1209
00:53:25,900 --> 00:53:29,600
busy term, which we love to
provide for the children.

1210
00:53:30,100 --> 00:53:32,500
But Secondly, I've seen a lot of
teachers as well.

1211
00:53:32,500 --> 00:53:37,200
Say I'd love to strike but I now
linked to what we just said,

1212
00:53:37,200 --> 00:53:40,800
literally can't afford to.
Yeah, I literally cannot afford

1213
00:53:40,800 --> 00:53:42,800
to strike now because I have
forgone so much money.

1214
00:53:42,800 --> 00:53:45,100
I've made such a sacrifice, I've
got children.

1215
00:53:45,100 --> 00:53:48,100
Perhaps, I'm a single parent
perhaps on this map sign that I

1216
00:53:48,100 --> 00:53:52,400
literally can't lose 200 pounds
term because of x, y and Zed.

1217
00:53:52,600 --> 00:53:56,400
And what's frustrating me is
both of those things are kind of

1218
00:53:56,400 --> 00:53:59,000
like a push back to strike
Action Now despite agreeing with

1219
00:53:59,000 --> 00:54:01,700
the strikes, but there's now a a
sense of a push back to the

1220
00:54:01,700 --> 00:54:04,300
strikes immediately picked up by
The Daily Mail immediate picked

1221
00:54:04,300 --> 00:54:06,600
up by the telegraph.
The government to be seen as

1222
00:54:06,600 --> 00:54:09,400
see.
The need is waning teachers

1223
00:54:09,400 --> 00:54:12,500
don't want teachers understand?
And then we can kind of frame it

1224
00:54:12,500 --> 00:54:14,400
in that way.
Now, that actually do, they

1225
00:54:14,400 --> 00:54:16,800
don't want to strike any more.
It's really frustrating me.

1226
00:54:16,800 --> 00:54:18,900
Do you think it was an own goal
but that any you putting strikes

1227
00:54:18,900 --> 00:54:21,100
now, or do you feel that?
It's just always going to

1228
00:54:21,100 --> 00:54:22,900
happen.
Be the case off the months and

1229
00:54:22,900 --> 00:54:24,600
months.
I can see the double negative

1230
00:54:24,600 --> 00:54:27,800
because not only can the Daily
Mail jump on what you just said

1231
00:54:27,800 --> 00:54:29,900
there about.
See teachers they're not they

1232
00:54:29,900 --> 00:54:30,600
don't want a strike.
Much.

1233
00:54:30,600 --> 00:54:33,200
Now, they can also jump on.
See the ones that are striking

1234
00:54:33,200 --> 00:54:34,400
clearly.
Don't care about the kids, like

1235
00:54:34,400 --> 00:54:36,500
we said, because they're doing
it on sports day and transition.

1236
00:54:36,900 --> 00:54:40,500
I think it was a little a little
bit silly that reason I still

1237
00:54:40,500 --> 00:54:43,800
don't disagree of them and I
will be striking on those days

1238
00:54:44,200 --> 00:54:46,500
and I think, I don't know, I
guess the other way to look at

1239
00:54:46,500 --> 00:54:49,700
it, is it kind of highlights the
highlights it in the, in the, in

1240
00:54:49,700 --> 00:54:51,700
the opposite way that teachers
clearly do care?

1241
00:54:51,700 --> 00:54:54,200
They care so much.
That even the most important

1242
00:54:54,200 --> 00:54:57,800
thing to the profession right
now, which is striking can might

1243
00:54:57,800 --> 00:55:00,000
be deterred by the fact that
they care about these kids so

1244
00:55:00,000 --> 00:55:01,500
much.
Much of their now don't want to

1245
00:55:01,500 --> 00:55:04,300
do it, you know, I mean I do
it's a weird when I think it

1246
00:55:04,308 --> 00:55:06,600
just I think it works both ways
to the point where it's just a,

1247
00:55:06,700 --> 00:55:08,000
it's kind of a pointless
argument.

1248
00:55:08,200 --> 00:55:12,800
I think I understand the urgency
and I do just think we need to

1249
00:55:12,808 --> 00:55:14,600
strike.
It's a bit tough that it's in

1250
00:55:14,600 --> 00:55:16,500
term six.
Okay.

1251
00:55:16,600 --> 00:55:18,100
It is just two days out of time
six.

1252
00:55:18,100 --> 00:55:20,900
I'll be one of my things.
It might, it might cause some

1253
00:55:20,900 --> 00:55:22,900
rearranging of days.
I understand that some schools

1254
00:55:22,900 --> 00:55:24,500
have look plan.
That's what stays on those days.

1255
00:55:24,500 --> 00:55:28,400
It's really annoying and they
might now have to rearrange that

1256
00:55:28,400 --> 00:55:30,300
day because I don't actually
want to lose the sports day.

1257
00:55:30,700 --> 00:55:34,400
Through a different time.
Yeah, it's annoying, but I think

1258
00:55:34,400 --> 00:55:36,500
we have to fight for what we
want.

1259
00:55:36,500 --> 00:55:38,700
I really do and I think it is a
fight, it's a fight, it's a

1260
00:55:38,707 --> 00:55:41,700
fight financially, it's a fight
with our time, and it's going to

1261
00:55:41,700 --> 00:55:44,000
be a fight for some people.
In terms of reorganizing things,

1262
00:55:44,000 --> 00:55:48,400
nice things that they wanted to
do and carry on doing today.

1263
00:55:48,400 --> 00:55:50,400
It's I feel weird about it, it's
a tough one.

1264
00:55:51,500 --> 00:55:53,400
I think, the biggest point, A
lot of people are saying word,

1265
00:55:53,400 --> 00:55:56,200
that the strikes are obviously
meant to be disruptive, okay, so

1266
00:55:56,200 --> 00:55:59,300
a lot of arguments that that
said, look one year without

1267
00:55:59,300 --> 00:56:02,500
sports day, Is really annoying
and we frustrating for a lot of

1268
00:56:02,500 --> 00:56:04,100
children.
It's a huge day in the calendar,

1269
00:56:04,300 --> 00:56:06,900
but it's for the long-term goals
to be prompted to afford

1270
00:56:06,900 --> 00:56:08,900
equipment.
Yeah, it's a long time, God as

1271
00:56:08,900 --> 00:56:10,800
well, to be able to afford
equipment in the coming years

1272
00:56:10,900 --> 00:56:13,300
for said, sports day.
Like we need money in school to

1273
00:56:13,300 --> 00:56:19,100
provide these opportunities, but
kind of on a deeper level, I

1274
00:56:19,100 --> 00:56:24,000
just, I feel like with this,
this strike action, it just has

1275
00:56:24,000 --> 00:56:29,300
to go ahead because The whole
argument from the government of

1276
00:56:29,300 --> 00:56:32,400
the not that not basically, it's
because they haven't released

1277
00:56:32,400 --> 00:56:33,800
this report that we talked about
earlier.

1278
00:56:34,200 --> 00:56:37,600
And the the idea of being seen
to let the government get away

1279
00:56:37,600 --> 00:56:41,800
with it, for, what would be up
until September about six months

1280
00:56:41,800 --> 00:56:44,800
between strikes?
So, that's a long time to kind

1281
00:56:44,800 --> 00:56:47,100
of just be like, oh, we're going
to wait and see and they can

1282
00:56:47,100 --> 00:56:50,700
kick the can down the road.
I think that the negative press

1283
00:56:50,700 --> 00:56:54,200
that might come from the kind of
division in teaching at the

1284
00:56:54,200 --> 00:56:56,700
minute as to whether it's right
or wrong, I think overall it's

1285
00:56:56,700 --> 00:56:59,500
still Good thing to keep it in
the mind of people that teachers

1286
00:56:59,500 --> 00:57:02,900
are still striking and and those
teachers who are in a position

1287
00:57:02,900 --> 00:57:05,700
where they think they can't
afford to do so, I think they're

1288
00:57:05,700 --> 00:57:08,800
the ones who are struggling the
most right now morally as it's

1289
00:57:08,800 --> 00:57:13,700
such a moral dilemma for them.
And I hate it when anyone who

1290
00:57:13,700 --> 00:57:16,900
hasn't been part of a union and
I'm calling out other teachers

1291
00:57:16,900 --> 00:57:19,800
now, I'm not, I'm not afraid to
do that, obviously it's the

1292
00:57:19,808 --> 00:57:23,200
public and strangers as well.
But teachers who haven't taken a

1293
00:57:23,207 --> 00:57:25,900
single strike day who've gone in
on those days.

1294
00:57:26,000 --> 00:57:29,000
Done their job.
Taking their pay whenever they

1295
00:57:29,000 --> 00:57:32,400
comment about someone who maybe
at this point is deciding.

1296
00:57:32,400 --> 00:57:34,000
Okay, I'm not going to strike
this time because I need the

1297
00:57:34,000 --> 00:57:36,500
money whenever they're
commenting about that.

1298
00:57:36,500 --> 00:57:38,900
Say, oh, that's a bit.
That's against your, your

1299
00:57:38,900 --> 00:57:41,700
morals, in a thought.
You were for the strikes, it

1300
00:57:41,700 --> 00:57:43,800
wind me up, no end.
And I've seen I've seen this

1301
00:57:43,800 --> 00:57:48,000
posted online, I think, if you
haven't sacrificed your money

1302
00:57:48,000 --> 00:57:51,500
for this, cause whether you
agree with it or not, you need

1303
00:57:51,500 --> 00:57:53,700
to just keep quiet.
You need to not is your

1304
00:57:53,700 --> 00:57:57,300
Europeans, not relevant.
In this don't tell One, whether

1305
00:57:57,300 --> 00:57:59,800
they're right or wrong for
choosing to strike or not.

1306
00:57:59,800 --> 00:58:02,100
If they've already done it five
times this year and can't

1307
00:58:02,100 --> 00:58:05,100
afford, another couple of
hundred quid it won't Smell Ya

1308
00:58:05,200 --> 00:58:07,100
Big Time as a big burn from
Dylan there.

1309
00:58:07,400 --> 00:58:09,800
It's true and I'm sure we're not
calling out many teachers

1310
00:58:09,800 --> 00:58:13,100
because I know there's a lot of
unity in this kind of course.

1311
00:58:13,100 --> 00:58:15,600
But yeah there are there are
some people who think in that

1312
00:58:15,600 --> 00:58:19,200
way and it's not fair.
Yeah, and again, like I said,

1313
00:58:19,700 --> 00:58:21,600
making it very clear.
I'm talking specifically about

1314
00:58:21,600 --> 00:58:23,700
those people who think it's
their job to kind of make a

1315
00:58:23,707 --> 00:58:26,600
comment or pass, comment on
someone's decision to strike, or

1316
00:58:26,607 --> 00:58:28,500
not in that.
Respect at the start, we were

1317
00:58:28,508 --> 00:58:30,600
very vocal when we hate and
trying to convince people to

1318
00:58:30,600 --> 00:58:33,200
strike.
And I think we all are very

1319
00:58:33,200 --> 00:58:35,300
first podcast, episode was why
teacher striking?

1320
00:58:35,300 --> 00:58:38,100
Because it was when teachers did
did a strike I was going to say,

1321
00:58:38,100 --> 00:58:42,900
struck for the first time and
and I think we talked about,

1322
00:58:42,900 --> 00:58:45,600
didn't we how I views became
less militant?

1323
00:58:45,600 --> 00:58:48,200
Maybe and we did we do.
Stan, we were very militant like

1324
00:58:48,200 --> 00:58:50,200
we were super medicine, man.
Like, I actually thought you

1325
00:58:50,200 --> 00:58:52,400
were gonna go into one of your
older opinions are, which you

1326
00:58:52,400 --> 00:58:55,200
haven't said in a while, which
is that review saying is need

1327
00:58:55,200 --> 00:58:56,000
Papi.
Don't, I don't know if you'd

1328
00:58:56,000 --> 00:58:57,900
approve it anymore.
Not, I'll challenge you on it

1329
00:58:58,000 --> 00:59:02,200
which was if you voted knows a
striking, didn't strike and

1330
00:59:02,200 --> 00:59:06,100
stayed in and you know just got
paid on those days when the pay

1331
00:59:06,100 --> 00:59:10,100
Rises come next year.
If any pay Rises come based on

1332
00:59:10,100 --> 00:59:14,100
strike action off you go donate
it then you clearly have to know

1333
00:59:14,107 --> 00:59:17,700
what it was, you didn't do
anything for it, so donate I

1334
00:59:17,700 --> 00:59:19,900
think it did.
Yeah you're challenging me on

1335
00:59:19,900 --> 00:59:22,500
this.
If it's I still think that.

1336
00:59:22,900 --> 00:59:26,000
Okay, yeah, for very specific
groups of people.

1337
00:59:26,000 --> 00:59:28,600
And this is why I can't just say
anymore because I realize that I

1338
00:59:28,600 --> 00:59:31,900
am making that point to people
who can't afford to strike and I

1339
00:59:31,900 --> 00:59:33,500
hate that.
I hate the idea with me saying

1340
00:59:33,500 --> 00:59:36,600
that and then someone who can't
afford to strike is like I

1341
00:59:36,600 --> 00:59:38,600
literally can't afford to try
because every teacher in a

1342
00:59:38,607 --> 00:59:43,300
different situation you know our
households have dual income and

1343
00:59:43,300 --> 00:59:46,700
no dependence right now.
So it's not the same as a single

1344
00:59:46,700 --> 00:59:48,600
mom with four kids.
It's like this, it's not

1345
00:59:48,600 --> 00:59:52,200
remotely comparable, so I would
never ever say to that person.

1346
00:59:52,200 --> 00:59:53,900
Well, you didn't strike getting
the bin laughs.

1347
00:59:53,900 --> 00:59:56,200
I've got a, my 50 Quid a month.
Thank you very much know.

1348
00:59:56,200 --> 00:59:59,400
I'd never do that, obviously.
But I'm talking about people in

1349
00:59:59,400 --> 01:00:02,600
a very similar situation.
I know lots of teachers whose

1350
01:00:02,600 --> 01:00:05,700
partners are the Breadwinners
when and significantly more in a

1351
01:00:05,707 --> 01:00:08,800
very, very comfortable stable
Financial condition and they

1352
01:00:08,800 --> 01:00:11,400
teach very much as like a
vocation, they don't really need

1353
01:00:11,400 --> 01:00:13,300
that money.
They choose to do it for various

1354
01:00:13,300 --> 01:00:17,100
reasons and they it's those kind
of people.

1355
01:00:17,400 --> 01:00:19,800
And don't get me wrong, most of
them are very supportive and

1356
01:00:19,800 --> 01:00:21,100
they actually still strike as
well.

1357
01:00:21,500 --> 01:00:25,400
But when it's those kind of
situations who think, oh no, I'm

1358
01:00:25,400 --> 01:00:27,800
thinking of the children I'm
coming in because I'm thinking,

1359
01:00:27,800 --> 01:00:31,300
but I do like condescendingly
anti Strikers, you know?

1360
01:00:31,300 --> 01:00:35,000
I mean, like they're militantly
anti striking and their vocal

1361
01:00:35,000 --> 01:00:38,300
about their opinions and they
look down on teachers who strike

1362
01:00:38,300 --> 01:00:41,600
because they have assessed that
I don't need the money and it

1363
01:00:41,600 --> 01:00:44,600
affects the kids negatively.
So what you're doing is bad it's

1364
01:00:44,600 --> 01:00:47,100
those people isn't it that
really grind ideas.

1365
01:00:47,300 --> 01:00:50,100
Not that I know any personally,
but I've certainly seen online

1366
01:00:50,900 --> 01:00:53,900
and I know personally, loads of
people who aren't striking for

1367
01:00:53,900 --> 01:00:57,200
various reasons, and all of
those people are in support of

1368
01:00:57,200 --> 01:00:59,500
the strikes is funny.
They're all in support of it,

1369
01:00:59,500 --> 01:01:02,100
but for one reason or another,
they either can't or they're not

1370
01:01:02,100 --> 01:01:04,400
going to for their own reasons,
and it's completely acceptable.

1371
01:01:04,800 --> 01:01:07,500
But, yeah, that particular type
of person that's just horrible

1372
01:01:07,500 --> 01:01:11,700
Converse, ending like, attitude
towards it, gay in the bin and

1373
01:01:11,700 --> 01:01:14,900
donate you.
My dear, we get it for you and I

1374
01:01:14,900 --> 01:01:16,900
do just finishing off on that
point.

1375
01:01:16,900 --> 01:01:20,200
I do I also think that it's
acceptable to not go the other

1376
01:01:20,200 --> 01:01:22,200
way and kind of condescend,
those people say, oh you're

1377
01:01:22,200 --> 01:01:24,100
pathetic, you're not striking,
you don't deserve this.

1378
01:01:24,300 --> 01:01:27,200
But I think you can go the other
way and say to people have been

1379
01:01:27,200 --> 01:01:29,700
striking.
You are bearing, the brunt of

1380
01:01:29,700 --> 01:01:33,300
this, you are carrying a
financial burden, you are

1381
01:01:33,300 --> 01:01:35,400
helping the profession.
Massively for a personal

1382
01:01:35,400 --> 01:01:39,000
sacrifice, both mentally and
physically Ansari and

1383
01:01:39,000 --> 01:01:42,000
financially physically
physically.

1384
01:01:42,200 --> 01:01:44,800
I'm lying in bed all day, but
it's not physical a physical

1385
01:01:44,800 --> 01:01:49,000
one, but you're bearing that
Real burden for the greater good

1386
01:01:49,000 --> 01:01:52,400
of everyone and I think you can,
he preys on them and I think

1387
01:01:52,400 --> 01:01:54,400
people are worried about doing
that, in case, it's all well,

1388
01:01:54,400 --> 01:01:55,300
what everyone else?
Think.

1389
01:01:55,300 --> 01:01:57,600
No, no, you're doing the right
thing for this profession.

1390
01:01:57,700 --> 01:02:00,800
Thank you for losing hundreds of
pounds for sticking by that.

1391
01:02:00,800 --> 01:02:01,800
So that's what we're gonna do
right now.

1392
01:02:01,800 --> 01:02:03,500
So, what we're going to do is
this little section where I

1393
01:02:03,500 --> 01:02:07,700
praise Dillon, and he Praises me
for all of the amazing things

1394
01:02:07,700 --> 01:02:09,400
that we're doing to help the
strike action.

1395
01:02:09,400 --> 01:02:12,100
So it's really nice really Dylan
Dylan.

1396
01:02:12,600 --> 01:02:19,000
Thank you so much for striking
and taking physical And to do

1397
01:02:19,000 --> 01:02:20,400
that.
I can thank you so much.

1398
01:02:20,400 --> 01:02:22,800
I really appreciate.
Okay, yours and yours and now

1399
01:02:22,800 --> 01:02:24,300
Hayden.
Yeah, we're going to finish off

1400
01:02:24,300 --> 01:02:26,000
their for this section.
So that's pretty nice to.

1401
01:02:26,000 --> 01:02:31,400
You've got to Right.
Dylan, we've been moaning and

1402
01:02:31,400 --> 01:02:32,700
waffling for.
I don't know.

1403
01:02:32,700 --> 01:02:34,600
Best part of an hour now, so I
think we need to bring it to an

1404
01:02:34,600 --> 01:02:36,500
end.
I just want to say though, it's

1405
01:02:36,500 --> 01:02:39,600
so funny how in the last few
episodes we've been, like,

1406
01:02:39,600 --> 01:02:42,100
really by big ourselves up for
being way more positive.

1407
01:02:42,100 --> 01:02:44,800
Now, the back in the early
episodes, we were a little bit

1408
01:02:44,800 --> 01:02:48,300
too Monie and we have just spent
the last hour, absolutely going

1409
01:02:48,300 --> 01:02:50,900
to town moaning about everything
but we need it.

1410
01:02:50,900 --> 01:02:52,500
And I know there are people
listening to this.

1411
01:02:52,700 --> 01:02:55,300
Who are we love a moan?
We all love a moan as long as

1412
01:02:55,308 --> 01:02:58,100
it's in the right context and
you know that's what it was all

1413
01:02:58,100 --> 01:03:00,600
about today.
Just Just getting out our grapes

1414
01:03:00,600 --> 01:03:04,100
and explaining why we are still
striking and why we are still

1415
01:03:04,100 --> 01:03:07,000
fed up with the state that the
economy is in this country.

1416
01:03:07,300 --> 01:03:07,900
Yeah.
Absolutely.

1417
01:03:07,900 --> 01:03:10,700
And in the future just you all
know this was episode.

1418
01:03:10,700 --> 01:03:12,500
We just those two we still have
guests coming in the future.

1419
01:03:12,500 --> 01:03:15,000
We have a few lined up.
We have one for you next week.

1420
01:03:15,100 --> 01:03:17,300
It is not Russia sooner.
It's even better.

1421
01:03:17,400 --> 01:03:20,000
Okay, so we have a lovely
episode coming up next week all

1422
01:03:20,000 --> 01:03:22,200
to do with transition.
For your six is going into

1423
01:03:22,200 --> 01:03:25,300
secondary school and talking
about reading so Hayden.

1424
01:03:25,300 --> 01:03:26,900
It's going to be a really,
really good one.

1425
01:03:27,200 --> 01:03:30,100
Yeah, please do tune in.
We've And yeah, absolutely

1426
01:03:30,100 --> 01:03:32,000
amazing guests and we're still
getting more lined up.

1427
01:03:32,000 --> 01:03:34,700
So, you know, get in touch with
starting to get contacted Now,

1428
01:03:34,700 --> 01:03:36,900
by people, as well as saying,
I'd love to come on your podcast

1429
01:03:37,100 --> 01:03:38,800
one day and talk about X Y, or Z
said.

1430
01:03:39,000 --> 01:03:41,200
And if that expires at is
interesting and doesn't count

1431
01:03:41,300 --> 01:03:44,500
your man doesn't count.
Well, let me she just wants to

1432
01:03:44,508 --> 01:03:49,200
talk about how it's gonna
really, really, so that I love

1433
01:03:49,200 --> 01:03:53,700
mine, an older generation like
to talk about how everything was

1434
01:03:53,700 --> 01:03:56,100
handed to that generation.
Okay, and it's so hard for them,

1435
01:03:56,200 --> 01:03:58,200
I'm not gonna do it because if I
said that, that would be really

1436
01:03:58,200 --> 01:04:00,900
mean and I didn't just do it.
Give me did he really mean it

1437
01:04:00,900 --> 01:04:01,600
reveal.
Exactly.

1438
01:04:01,700 --> 01:04:03,500
You didn't do that thing.
What people do all the time

1439
01:04:03,500 --> 01:04:04,600
where they say, I'm not going to
say it.

1440
01:04:04,600 --> 01:04:07,200
I'm not going to say that X Y
Zed and then by definition to

1441
01:04:07,207 --> 01:04:09,800
say what they think.
Anyway, it also, you know, it

1442
01:04:09,800 --> 01:04:11,200
wasn't it's just just an
average.

1443
01:04:12,400 --> 01:04:16,500
We hear that was it wasn't mine,
and mine ad wasn't just the

1444
01:04:16,500 --> 01:04:18,600
average man.
The average man was taking

1445
01:04:18,600 --> 01:04:21,100
everything, it's just a
coincidence that all of the

1446
01:04:21,107 --> 01:04:23,900
million pound homes exist now
and exclusively by 50 plus year

1447
01:04:23,900 --> 01:04:26,300
olds, it's just it's just Bing,
okay?

1448
01:04:26,300 --> 01:04:28,000
And it's just a quick, it's just
complete coincidence.

1449
01:04:28,000 --> 01:04:29,700
That all of the older generation
of already paid off their

1450
01:04:29,700 --> 01:04:31,000
mortgage.
So we're not being remotely

1451
01:04:31,000 --> 01:04:33,300
affected by interest rates, it's
just the young to also aren't

1452
01:04:33,300 --> 01:04:35,600
getting a pay rise.
Let's not go back and we're not

1453
01:04:35,600 --> 01:04:38,400
going to go into the fact, okay?
There is no such thing as a

1454
01:04:38,408 --> 01:04:40,600
youth tax or anyone over about
50 because they didn't have to

1455
01:04:40,600 --> 01:04:42,700
pay extortion at student.
Student loan fees.

1456
01:04:42,700 --> 01:04:43,700
We're not going to talk about
it.

1457
01:04:43,700 --> 01:04:45,500
It's just the same it's
generated.

1458
01:04:45,500 --> 01:04:50,000
We all die.
Not going to mention how life is

1459
01:04:50,600 --> 01:04:53,200
possibly worse as it's ever been
financially for anyone in our

1460
01:04:53,200 --> 01:04:54,500
situation and we're not
presenting.

1461
01:04:54,500 --> 01:04:56,400
We're not resentful, we don't,
we don't care about.

1462
01:04:57,300 --> 01:04:59,200
Oh man, we're not going there.
Right?

1463
01:04:59,200 --> 01:05:05,300
Anyway, guys stories please.
Yeah, thanks for tuning in.

1464
01:05:05,300 --> 01:05:05,500
See ya.