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What taxes on other people would you support?
A common theme on this board is that other people are greedy and don't deserve their prosperity, so should be taxed and the money given to me. So we regularly see demands for CGT on houses, for higher taxes on landlords, for land value taxes, and so forth, dressed up piously as concern for da yoof, usually. In that spirit,…
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EU waives budget deficit fines for Spain and Portugal
Another case of bending the fiscal rules. Seems pointless having any if they are never enforced. Perhaps those ivory towers in Brussels are feeling the negative vibes. Doesn't help address the flaws in the project either. http://www.bbc.co.uk/news/business-37023479
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Would this wheeze help with house prices?
I am more than ever convinced that a secular solution to the problem of high house prices needs to be found. The knee jerk assumption is that prices are high because supply is constrained. While that's somewhat the case, it does not follow that the obvious way to increase supply is to build more houses. We don't really…
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What an idiot!!
So the pound had crashed following Brexit. So what does the governor of the bank of England do? He makes it fall further by cutting interest rates!! Yes he made the country EVEN POORER!!! WHY??? Will making things cost more stimulate the economy? NO!! Fact is the banks and big financial institution are trying to destroy…
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40% London HTB scheme
http://www.standard.co.uk/news/london/15000-london-renters-in-help-to-buy-stampede-a3175361.html The last scheme of 20% didn't seem to get much take-up but the increase to 40% tax payer backed interest free loans does seem to have worked. Groin thrust time for the builders.
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The economics of the Olympics
Well, it's only every four years I get a chance to raise this as a discussion topic (ok pedants... two years with winter Olympics) and thought it would make a nice break from Brexit threads. Is there ever a good economic reason to host the Olympics? There have been a number of articles published recently questioning the…
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Bank of England's Carney says rates could rise sooner than expected
http://uk.reuters.com/article/uk-britain-boe-carney-idUKKBN0EN2C720140612 Why is such a bad forecaster still in a job?
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Carney indicates BOE likely to cut interest rates + possible Quantitative Easing
The Bank of England is likely to have to cut interest rates over coming months to cushion the blow to the economy from the Brexit vote, its governor, Mark Carney, has said. Carney used a speech just a week after Britain’s historic vote to leave the EU to reassure business leaders and investors that the Bank’s contingency…
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How the imf and the eu screwed over greece
Reputation of the IMF has taken a severe battering. http://www.spiked-online.com/newsite/article/how-the-imf-and-the-eu-screwed-over-greece-troika-euro/18610
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Where is the latest house prices from lang registry?
I cannot see any price updates from land registry since March. Anybody knows when they will release their next batch of sold house prices? Thanks,
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A solution for London?
http://www.bbc.co.uk/news/world-us-canada-36956034 Vancouver 15% property sales tax on foreign buyers A solution for London?
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Home ownership drops faster in Greater Manchester than in London
Since 2003, level of home ownership dropped 14 percentage points to 58%, Resolution Foundation says https://next.ft.com/content/008a7bc2-57f7-11e6-9f70-badea1b336d4 Outer London now at 58% too.
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The thread for pointless arguments about Brexit
No bad things allowed, there are plenty of threads about how we're all screwed economically. In this thread let's all be positive, shiny happy people :j Everyone must post ONE positive thing about brexit. No sarcasm allowed. Mine: Websites can stop showing those annoying notices about "how we use cookies" every time you…
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Liar Loans Reborn
http://www.thisismoney.co.uk/money/mortgageshome/article-3322836/Return-liar-loans-UK-firms-setting-Eastern-Europe-offer-high-risk-mortgages-not-require-borrowers-prove-earn.html What could possibly go wrong....?
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Will Britain really leave EU?
Now we got a PM from remain side and most politicians are being pro-EU, do you think Britain will really leave EU?
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Disastrous Love Affair
http://www.telegraph.co.uk/business/2016/07/28/imf-admits-disastrous-love-affair-with-euro-apologises-for-the-i/ Disintegrate Or Amalgamate .. But don't expect to stay in flux for very long.
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EU executive proposes to cancel excessive deficit fines for Spain, Portugal
When the rules get broken, bend them........:eek: http://uk.reuters.com/article/uk-eu-deficits-idUKKCN1071GZ
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Turkey coup? I hope so, it's overdue.
Breaking news comming in, very sketchy at the mo, but I hope it's a coup to get back to Ataturks secular vision, although I confess to knowing not very much about that revolution
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BREXIT price rises
I am trying to figure out what I should buy at this time in order to try and minimize the almost certain increases in prices of everything. Everything we now import has cost more as the pound has fallen so there will be a knock on. There will also be increased prices due to delays and costs associated with temporary use of…
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Who would be a millenial?
http://www.bbc.co.uk/news/business-36821582 Lower lifetime wages for the first time in a modern society and of course much higher housing costs. Of course more inheritance for some but that is hardly progressive. Easy to blame the higher labour availability as a result eu migration skewing returns from labour to capital…
