So, this budget then, nobody care?

John Marwood

I ♥ cryptic crosswords
We once had chicken at Christmas when I was a kid - Amazing taste, never had chicken before that, now a days it tastes of water...

Banks in the UK, according to the Bank of England Financial Stability Report, the refinancings due to be repaid to Threadneedle Street amount to about $1.2 trillion by the end of 2012.

That is one quarter of Global Debt



Richard Barwell, an economist at the Royal Bank of Scotland in London, yesterday told Reuters, "If rates rise and banks are unwilling or unable to roll over funds, that would trigger forced deleveraging, there would be a sharp contraction in credit conditions for those within and outside financial markets, putting considerable downward pressure on activity and asset prices."

This is moneyspeak for 'Bank lending will stop totally and there'll be a property crash....
 

My Name is URL

Well-Known Forumite
Bet the police will be gutted with their budget cuts... on way from Stoke to Stafford tonight got off the motorway at J14 and saw a '10' plate Jag cop car and 2 x '59' plate 3-series'

A) do they really need such cars and b) do so many of them really need to be there to beat the crap out of a Polish lorry driver :s
 

shoes

Well-Known Forumite
I saw those the other day, thee XKFs in fact. Now I know how much those cost to the po po as well, suffice to say there is no change from £40k. Which is shocking. If they need high speed cruisers then they could buy imprezas or similar. I can't see the need for all of the high cost cars they drive, 5 series etc.
 

basil

don't mention the blinds
keep plod off the M'ways and use a dedicated M'way patrol service that deals with everything.....
 

John Marwood

I ♥ cryptic crosswords
basil said:
keep plod off the M'ways and use a dedicated M'way patrol service that deals with everything.....
You mean privatise?

In the interest of the shareholders?

Or more civilian staff without the experience and training?
 

John Marwood

I ♥ cryptic crosswords
tek-monkey said:
True. Don't think of it as a rise, think of it as the end of the holiday. Mines fixed at 5.09%, best I could get was base rate +3.5% if I'd gone on a variable and I wanted more security than that.
Seems like the are plenty of sensible types on the forum when it come to mortagages at least which is good to know...

I was shocked to find out one of my friends has an interest only mortgage, she actually thought she was paying it off and now has the realisation that,in her forties, has to effectively 'start again'...

In the US there is once again much scare talk of ARM ( adjusted rate mortgages ) where the first few years of payments are relatively low and then increase.. the words time ticking and bomb are being banded about. And this after all the Fannie rumpus of two years ago..
 

tek-monkey

wanna see my snake?
She didn't know she was on interest only? Thats worrying! I tied in for 10 years, which I figured was long enough for me to ramp my wages up so that in 2020 I should be ready for whatever comes. With any luck I'll miss the next high period and we'll be returned to normal figures again (i.e. 5%).
 

John Marwood

I ♥ cryptic crosswords
More clear evidence that the pound is about to be devalued

http://www.youtube.com/watch?v=WaN91_NGJoI

Buy cornish tin and welsh dragons, sell pounds
 

Gramaisc

Forum O. G.
John Marwood said:
http://www.youtube.com/watch?v=WaN91_NGJoI
A fragile under-carriage and a divided bomb-bay that wouldn't take the big stuff were real draw-backs - and the decisision to keep the wing-span under a hundred feet was probably a mistake..
 

John Marwood

I ♥ cryptic crosswords
John Marwood said:
The rich


they err..

get richer

the middling people

work longer..

the poor

,yep you got it, get poorer

tis the Tory ( new,old,coalited or otherwise ) way... always and forwever
erm...

BBC reports a leading think tank agrees with Stafford Forumite



http://www.bbc.co.uk/news/business-11079496
 

shoes

Well-Known Forumite
The issue is reducing government spending as far as I can see. The rich do not rely on government handouts, the middling people have minimal benefits and the poor generally rely on the government. When reducing government spending on welfare it is obviously those who are most reliant on welfare who will get hit the hardest.

I'm not sure I see a way around this, which is fair. Have you any suggestions?
 

John Marwood

I ♥ cryptic crosswords
shoes said:
The issue is reducing government spending as far as I can see. The rich do not rely on government handouts, the middling people have minimal benefits and the poor generally rely on the government. When reducing government spending on welfare it is obviously those who are most reliant on welfare who will get hit the hardest.

I'm not sure I see a way around this, which is fair. Have you any suggestions?
In the simplest terms increase my (earnings of the 'middling' ) income tax by two per cent - that will have a small effect on retail spending but will - if directed directly - prevent the weakest poorest the mentally ill from sinking into the pit of poverty. Why would I want to do this? Because a happy place to live is a place where the ill and the weak are cared for - even if it is a direct cost to me. And who knows when any of us may fall ill and not be able to earn any money

PS What happened to the rants? Are you OK? Hope you are not falling ill..
 

Trumpet

Well-Known Forumite
shoes said:
The issue is reducing government spending as far as I can see. The rich do not rely on government handouts, the middling people have minimal benefits and the poor generally rely on the government. When reducing government spending on welfare it is obviously those who are most reliant on welfare who will get hit the hardest.

I'm not sure I see a way around this, which is fair. Have you any suggestions?
Drastic changes in criteria for claimants, I know it's an old chestnut but how is it right that people can still come into the country and take immediate advantage of a fund made up of our contributions and, in some cases, lead very comfortable lives yet when people who have paid in to the national INSURANCE scheme for years have to jump through hoops when they fall on hard times to get even the minimum benefits.
 
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