We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
Debate House Prices
In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non MoneySaving matters are no longer permitted. This includes wider debates about general house prices, the economy and politics. As a result, we have taken the decision to keep this board permanently closed, but it remains viewable for users who may find some useful information in it. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Budget 2011: Key points..
Comments
-
HAMISH_MCTAVISH wrote: »I'd rather they chop 50p off a litre and then chop the public sector to compensate.
Oi Hamish! I was about to say thanks for a great job on the budget, then I see you're trying to cut my job. What's that all about;) ?Please stay safe in the sun and learn the A-E of melanoma: A = asymmetry, B = irregular borders, C= different colours, D= diameter, larger than 6mm, E = evolving, is your mole changing? Most moles are not cancerous, any doubts, please check next time you visit your GP.
0 -
vivatifosi wrote: »Oi Hamish! I was about to say thanks for a great job on the budget, then I see you're trying to cut my job. What's that all about;) ?
Oh, I think we can make an exception for you.
“The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.
Belief in myths allows the comfort of opinion without the discomfort of thought.”
-- President John F. Kennedy”0 -
The first 10 zones will be based in Leeds, Sheffield, Liverpool, Greater Manchester, West of England, Tees Valley, North East, the Black Country and Derbyshire and Nottinghamshire, while a zone will also be established in London.<<<<<===One for Borisseven-day-weekend wrote: »Agreed, especially like the Enterprise zones, they're not all oop North, I believe there is to be one in Bristol and also one near me in the Black Country.
Great idea.
Also didn't he mention something about proper apprenticeships for young people? If so, another great idea.
Well done George.
All the zones will have a business rate discount worth up to £275,000 over five years for firms that move into the area over the course of this Parliament.
The Government will also help develop "radically simplified" planning approaches as well as supporting superfast broadband for the new zones.0 -
HAMISH_MCTAVISH wrote: »accepts hutton report, single tier state pension of around £145 per week. will take time to implement, will not apply to current pensions.
Personal taxes and duties --
- gift aid to be simplified, benefit level increased from £500 to £2500, inheritance tax donations to charity, if you leave 10% to charity govt reduces IHT by 10%
- council tax to be frozen for a year.
- Same announcements as previously on income tax and NI changes.
- Personal tax allowance to increase by further £645 per year from next april.
which is a lie0 -
sorry to spoil your fun but i haven't seen the state buy anyone a house, i've seen them pay their interest on their mortgage but not buy their house for them.
From the direct.gov website:
SMI – excess payments
Some homeowners may have actual interest rates that are lower than the standard rate used to calculate SMI payments. This means they receive more SMI than required to meet the payments due to their lender. These payments can only be credited to their mortgage account.
It's not my problem that your ignorant, and have missed the coverage (related to this) in most major new sources. Fortunately, the further you shove your foot down your mouth, the less effort it takes for me to call you on it.
A couple of examples, to hopefully make it easier to get this through your lead !!!!!!:
If my partner & I were made redundant we'd get SMI that both covered interest and paid off ~£1000 of the mortgage in a year.
If you had a £150k mortgage at 1% (a common rate on mortgages agreed pre-IR crash) then the government would pay off £4000pa for you.Having a signature removed for mentioning the removal of a previous signature. Blackwhite bellyfeel double plus good...0 -
oh dear, yet another one - i think you should really read the thread and the data on it...From the direct.gov website:
It's not my problem that your ignorant, and have missed the coverage (related to this) in most major new sources. Fortunately, the further you shove your foot down your mouth, the less effort it takes for me to call you on it.
btw - you do know the difference between some and many don't you and how averages work??
because you're now saying some benefit and earlier in the thread it was many that had their capital being paid off by SMI
it looks like you've shot both your feet off with this one, but you keep on calling me on it because you're wearing out that shovel with all your digging...From the direct.gov website:SMI – excess payments
Some homeowners may have actual interest rates that are lower than the standard rate used to calculate SMI payments. This means they receive more SMI than required to meet the payments due to their lender. These payments can only be credited to their mortgage account.0 -
btw - you do know the difference between some and many don't you and how averages work??
As someone with an education on statistics, I can tell you that a clear sign of someone with no understanding of the field is a belief that either some or many have a statistical value, or relate to a statistical average.
I never proposed that most (perhaps the word your brain confusedly latched on to) people benefited. Please keep 'refuting' me, I'm lax at checking for replies, and your diligant efforts to make yourself look the fool are most helpful.Having a signature removed for mentioning the removal of a previous signature. Blackwhite bellyfeel double plus good...0 -
well i'd guess you should look for a refund on that education if you think that "some" is the majority of people that receive SMI are having their capital repaid...As someone with an education on statistics, I can tell you that a clear sign of someone with no understanding of the field is a belief that either some or many have a statistical value, or relate to a statistical average.
oooohhh look at you... are you always such a blunt instrument?Please keep 'refuting' me, I'm lax at checking for replies, and your diligant efforts to make yourself look the fool are most helpful.
but let's take it back a few steps...
explain to me how people's houses are being bought for them by the state apart from those few exceptions that are lucky enough to have their mortgage rate below the 3.67%.There is nothing overly controversial about Graham's suggestion that the state shouldn't be buying houses for people. Protecting people from losing their home can be done far more cost effectively, and in ways that don't discourage many from returning to work.
btw - the average mortgage rate for new mortgages is and has been up and around 4.5% for a long while so these people wouldn't have 'the state shouldn't be buying houses for people' either.
did you not know the exceptions are not the norm?
feel free to backtrack and twist the 'discussion' onto something else...0 -
btw - the average mortgage rate for new mortgages is and has been up and around 4.5% for a long while so these people wouldn't have 'the state shouldn't be buying houses for people' either.
did you not know the exceptions are not the norm?
feel free to backtrack and twist the 'discussion' onto something else...
None of these people will be on new mortgages, or at least, an absolute tiny fraction "may" be. And I mean tiny.
If they need SMI to pay for their mortgages....they wouldn't get a mortgage in the first place, so won't be on "new" mortgages.0 -
that's fine, it's the average mortgage rate in the last couple of years which people could be on SMI more recently as you say.Graham_Devon wrote: »None of these people will be on new mortgages, or at least, an absolute tiny fraction "may" be. And I mean tiny.
If they need SMI to pay for their mortgages....they wouldn't get a mortgage in the first place, so won't be on "new" mortgages.
it's just in cast N1ak tries to backtrack and claim it's new mortgage rates.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 352.2K Banking & Borrowing
- 253.6K Reduce Debt & Boost Income
- 454.3K Spending & Discounts
- 245.2K Work, Benefits & Business
- 600.9K Mortgages, Homes & Bills
- 177.5K Life & Family
- 259K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards