Oh wow, that even more reinforces what I heard and it must be worse than I realised! I thought that normally you guys are an essential service are less affected. Why do you think it's affecting you as well?
I really appreciate your comment, it's very special and I'll try and do that. To help me work out what to talk about, are there any other kinds of content you'd like?
@@andersontm1I don’t work in the trade so maybe I’m not your typical target demographic. But what I found insightful is the glimpse into the wider state of the UK economy through this lense of painter decorator (what volume and type of work that’s coming in). Getting info from property agents or the usual news outlets is usually just useless rubbish. So personally I’m just interested in bottom up socio-economic commentary. May or may not be helpful to you but that’s my two cents. I feel more and more people are trying to figure out just what is going on. Channels like garyseconomics and newstatesman are gaining in popularity. I saw some of that in what you were trying to do in your video.
I totally agree with your outlook of how to get information! Can I ask what kind of work you do, because that would also be very interesting to understand something of your perspective? I think Gary Economics is brilliant and I'm a huge fan of what he does. I do however think that these things need to be done very very carefully though, because we've seen from some economies including 1970s England how badly wrong it can go if it's not done cleverly as there has to be some enlightened self interest to get people to trade.
Good video, I am in the plumbing business and I've never known it this quiet. I used to get daily phone calls asking for bathroom refit quotes, haven't had any for 4 months. It's just essential jobs at the moment and they are few and far between.
If you just read newspaper headlines after interest rates started to rise you get a weird view. First it was cost of living crisis, then pay rises are bad. Now they give the impression that workers are doing well as pay rises currently exceed inflation. Of course it hasn't made up for the previous inflation, 20% CPI increase since 2019. More really if you rent or have a mortgage with a growing family. The Bank of England say that interest rate rises take 18 months to work their way through the economy. 18 months ago interest rates were still rising, we still haven't seen the full effect of them yet. One effect at the moment is that are causing inflation; as services, like painters, raise their prices so they can afford their mortgage, supplies and food etc.
I went to get quotes for my bathroom and en suite 4 years ago, the quotes were stupid and greedy all the excuses in the world cost of materials etc, bare in mind I'm a bricklayer/builder by trade so I've done work myself, I said to one of the guys who give me a quote, make the most of it mate your in your swan song and things will go down hill fast, so I did the work myself I'm no plumber but I got there, and to your blog, yes the good times are gone and they won't come back for decades, I also knew why I said they'll go down hill, it wasn't said in random spite, but I'll keep my political awareness out of this space.
Been in decorating business for over a decade, we have priced so many jobs at the beginning of the year with nothing going through, I normally get 90% of jobs quoted. We reduced prices a lot, doing more colour matching of well known brand and landed few jobs, once there is something in the pipeline then next phone call you recive go back to usual price because you don't care that much. Don't be picky, someone wants to do just front door do it just for the sake of being in the game, the worse is sitting at home. Also start doing other things like sanding floors or a bit of carpentry or handyman jobs.
That is really fascinating, thank you so much for the information. Would you be happy to say more about how you do the colour matching service as it's not something I know a lot about doing as a service?
The painters where I live in Bedfordshire have hiked prices up to 400 a day !!. I have a good job and don't earn that 8k a week!!.. tbh it's not difficult to roll emulsion is it... lol
I've worked on several commercial projects in the last 18 months and tradesmen prices have gone up massively but the quality of the work is not great. The people paying for domestic jobs haven't had such big wage rises that they can then afford double or triple costs for tradesmen.
In London I'm finding it starts from £150 per day and a good rate to pay which is very common is £200 per day. My business pays £225 per day for good experienced people. Plasterers get paid a lot more.
I'm seeing now that there's now less Eastern European people in the UK and those here to be in their 50's because they have already come over. The new younger people and are going to different countries like Germany. Basically the UK doesn't have the draw it does because of cost of living and lower incomes. Poland and so on are paying almost the same wages and Germany is now more attractive. Is that different to what you are seeing?
I'm seeing now that there's less people here from Eastern Europe. Those that are here and now in their 50's because they'd already come over, these people also charge more because they're established in the market. The younger people from Eastern Europe are either staying there because countries like Poland now pay almost the same week as we do and it might be more soon, or are going to places like Germany which are more attractive. Is that different to what you are seeing?
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As a plumbing and heating engineer, since the beginning of the year its been the quietest its been in 15 years ive been trading. Scary times
Oh wow, that even more reinforces what I heard and it must be worse than I realised!
I thought that normally you guys are an essential service are less affected. Why do you think it's affecting you as well?
Move to Australia
What's the matter, have you run out of old ladies to con out of their life savings?
@@the.parks.of.no.return how are things going there?
@@johnhawkins2717 ouch!!!!
Yes there is definitely a lack of money out there unfortunately. 😢
I really appreciate you honestly saying what you see!
Love the boots-on-the-ground view of the economy! Would love to see more of these kinds of state-of-the-economy kind of updates, maybe quarterly?
I really appreciate your comment, it's very special and I'll try and do that.
To help me work out what to talk about, are there any other kinds of content you'd like?
@@andersontm1I don’t work in the trade so maybe I’m not your typical target demographic. But what I found insightful is the glimpse into the wider state of the UK economy through this lense of painter decorator (what volume and type of work that’s coming in). Getting info from property agents or the usual news outlets is usually just useless rubbish. So personally I’m just interested in bottom up socio-economic commentary. May or may not be helpful to you but that’s my two cents. I feel more and more people are trying to figure out just what is going on. Channels like garyseconomics and newstatesman are gaining in popularity. I saw some of that in what you were trying to do in your video.
I totally agree with your outlook of how to get information!
Can I ask what kind of work you do, because that would also be very interesting to understand something of your perspective?
I think Gary Economics is brilliant and I'm a huge fan of what he does.
I do however think that these things need to be done very very carefully though, because we've seen from some economies including 1970s England how badly wrong it can go if it's not done cleverly as there has to be some enlightened self interest to get people to trade.
Good video, I am in the plumbing business and I've never known it this quiet. I used to get daily phone calls asking for bathroom refit quotes, haven't had any for 4 months. It's just essential jobs at the moment and they are few and far between.
Move to Australia
Wow, what do you think is going on?
I think mortgage rates, redundancies, inflation and general fear of what's coming @@andersontm1
In march 2024 charging about 500 a day is robbery... a lot of people don't earn that... deal with it mate....
I don't do that or anything like it, but you have a very valid point.
Everything is about to get really bad.
From my experience the eastern have got a foot hold in the market , I blame us for being so accommodating.
If you just read newspaper headlines after interest rates started to rise you get a weird view. First it was cost of living crisis, then pay rises are bad. Now they give the impression that workers are doing well as pay rises currently exceed inflation. Of course it hasn't made up for the previous inflation, 20% CPI increase since 2019. More really if you rent or have a mortgage with a growing family.
The Bank of England say that interest rate rises take 18 months to work their way through the economy. 18 months ago interest rates were still rising, we still haven't seen the full effect of them yet. One effect at the moment is that are causing inflation; as services, like painters, raise their prices so they can afford their mortgage, supplies and food etc.
What do you expect from this government, this country is going down the pan.
I went to get quotes for my bathroom and en suite 4 years ago, the quotes were stupid and greedy all the excuses in the world cost of materials etc, bare in mind I'm a bricklayer/builder by trade so I've done work myself, I said to one of the guys who give me a quote, make the most of it mate your in your swan song and things will go down hill fast, so I did the work myself I'm no plumber but I got there, and to your blog, yes the good times are gone and they won't come back for decades, I also knew why I said they'll go down hill, it wasn't said in random spite, but I'll keep my political awareness out of this space.
That's very good information and a very real perspective, thank you!
Been in decorating business for over a decade, we have priced so many jobs at the beginning of the year with nothing going through, I normally get 90% of jobs quoted. We reduced prices a lot, doing more colour matching of well known brand and landed few jobs, once there is something in the pipeline then next phone call you recive go back to usual price because you don't care that much. Don't be picky, someone wants to do just front door do it just for the sake of being in the game, the worse is sitting at home. Also start doing other things like sanding floors or a bit of carpentry or handyman jobs.
That is really fascinating, thank you so much for the information.
Would you be happy to say more about how you do the colour matching service as it's not something I know a lot about doing as a service?
If you can afford to reduce your prices now means you've been ripping people off in the past.
The painters where I live in Bedfordshire have hiked prices up to 400 a day !!. I have a good job and don't earn that 8k a week!!.. tbh it's not difficult to roll emulsion is it... lol
@@1966Manjit that is very interesting, is there any specific part of Bedfordshire they're doing this for, or the whole thing?
I've worked on several commercial projects in the last 18 months and tradesmen prices have gone up massively but the quality of the work is not great.
The people paying for domestic jobs haven't had such big wage rises that they can then afford double or triple costs for tradesmen.
That makes a lot of sense that is a very good analysis, thanks!
The problem for you guys is people will get a price and then decide to either do it themselves or just get a handyman to tosh it on.
Very good point!
Do you have any ideas or tips for what you think we should be doing?
Just out of curiosity, what are decorators rates these days?
In London I'm finding it starts from £150 per day and a good rate to pay which is very common is £200 per day.
My business pays £225 per day for good experienced people.
Plasterers get paid a lot more.
They would rob their own grannie for a bit of work.
it's great for billionaires who doubled their wealth with covid money
Let’s be fair , our Eastern European friends will just under cut every price.
I'm seeing now that there's now less Eastern European people in the UK and those here to be in their 50's because they have already come over.
The new younger people and are going to different countries like Germany.
Basically the UK doesn't have the draw it does because of cost of living and lower incomes.
Poland and so on are paying almost the same wages and Germany is now more attractive.
Is that different to what you are seeing?
I'm seeing now that there's less people here from Eastern Europe.
Those that are here and now in their 50's because they'd already come over, these people also charge more because they're established in the market.
The younger people from Eastern Europe are either staying there because countries like Poland now pay almost the same week as we do and it might be more soon, or are going to places like Germany which are more attractive.
Is that different to what you are seeing?