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How will the economy be affected by SNP MPs; will it be for richer or for poorer and
How will the economy be affected by SNP MPs; will it be for richer or for poorer and for whom? Early accounts of the behaviour of SNP MPs have not been portayed them as exemplary and one has to wonder if their contribution will have value to the work which has to be done in Parliament. As yet this is not clear, but it…
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The £93bn handshake
Anyone care to dissect this a little? I'd imagine that a lot of that £93bn is only to be expected. But I'd also imagine that quite a bit of that £93bn really is unneccessary and rather a "bribe" to companies. I was quite taken aback that the welsh assembly spent £3m building a road specifically for the Amazon distribution…
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The Budget
As we've had a General Election, Wednesday will be Budget Day, with Osborne presenting his latest measures to the House. Some of these are starting to feature in the papers. Today's headlines include: Civil Service facing 100000 jobs cut:…
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Halifax: Average house price passes 200k.
Posting it as it's a bit of a milestone. Up 1.7% MOM. Reasons are a record low in the amount of houses for sale, higher employment, increasing real earnings and very low mortgage rates. And a rather different statistic. House prices per square metre have risen by 18% since 2010. A square metre of a house now costs an…
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The problem with socialism
is that you always run out of other people's money. This is so clearly evident from the Greek socialists complete numeric illiteracy. Let this be an example to the other socialists in Europe.
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The Greek vote on Austerity
How do you think they'll Vote?
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Shock announcement! Bank of England Interest Rates....
...stay at a record low once again. :p The BoE's Monetary Policy Committee, as expected, left its Bank Rate at 0.5%, where it has been since the depths of the financial crisis more than six years ago, and made no statement.
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I know this isn't investment but
I like the people on this board, so: what are the best funds to invest in at the moment. looking for relatively long term growth 5-10 years. Possibly longer. At the moment have some natural resource funds which are trash. That said, as soon as I move my few quid out, there will be a global upturn for commodities.
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From Russia with Love
http://www.theguardian.com/uk-news/2015/jul/07/london-estate-agents-caught-on-camera-russian-buyer Okay....it's a corny title; but an interesting documentary. One of those C4 "expose's". This time, 5 top line Estate Agents dealing with some of London's most prime real estate, are caught in a sting type action. The sting :…
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Suggestions for Osborne's July budget
1) Raise stamp duty for overseas investors Raise stamp duty to min of 10% on purchases of property by non - European residents. 2) Vacant homes chargeintroduce an annual vacant house charge, to prevent properties being bought as investments and not being rented out. The charge would only come into effect where a house had…
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Foxton's Share Price dropping rapidly
Why the hell are these dropping so sharply???
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People power has shut the doors on fracking in the UK
No wonder the Government was trying to suppress this report! http://www.theguardian.com/environment/2015/jul/03/people-power-has-shut-the-doors-on-fracking-in-the-uk?CMP=share_btn_tw
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Huge potash mine approved for North York Moors National Park
Plans for the world’s largest potash mine have been approved by members of the North York Moors National Park Authority (NYMNPA). The mine head at Dove’s Nest Farm near Whitby and much of its associated infrastructure will be within the North York Moors, a sensitive and highly protected landscape. Andy Wilson, Chief…
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Brexit
A new word for the English Language. http://money.cnn.com/2015/05/19/news/companies/deutsche-bank-brexit/ Cameron is about to reap what he has sowed
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Would you prefer ....
UK houses to be worth on average .... A) £1 each B) £100'000 C) £1 million D) £1 billion Serious question. This is imagining other prices around the world stay the same. Just UK prices we are considering here. ... would be good if you could explain your thinking, tell us why.
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How London can solve the housing shortage
One of my consistent frustrations in the housing debate is that so much of it comes down to emotive talk about building on the lush green fields of Albion (when in reality most of those lush green fields are jemima's pony paddock, golf courses and scrapyards masquerading as farms). But I have often thought that so much…
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British house prices show surprise fall in June
What the papers say http://uk.reuters.com/article/2015/07/02/uk-britain-houseprices-nationwide-idUKKCN0PC0F520150702
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Buy-to-let poses potential threat to financial stability, says Bank of England Govern
What the papers say http://www.independent.co.uk/news/business/news/buytolet-poses-potential-threat--to-financial-stability-says-bank-of-england-governor-mark-carney-10359650.html
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The world is defenceless against the next financial crisis
This article isn't from just anyone. It's from the Bank of International Settlements. Theres been a huge amount of positivity around over the past couple of years. A feeling of "it's different this time". The idea that a recovery has taken place....with the condition that we must keep emergency measures in place at all…
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Banks target over-55s with cheaper loans on buy-to-let
It's those bloody Boomers again…...:rotfl: http://www.thetimes.co.uk/tto/money/consumeraffairs/article4478308.ece You'll need to subscribe to read the whole article.