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where are the cuts?
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Shame, they cancelled the A21 improvements "round my way".This is a system account and does not represent a real person. To contact the Forum Team email forumteam@moneysavingexpert.com0
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I've read this three or four times and I still don't have a clue what you're trying to say.
My interpretation...... as the markets pick off the weaker members of the herd one by one.
Greece now paying 5.2% to finance debt.
Ireland now paying 5.8% to finance debt (and recapitalise the banks). Both BOI and AIB are technically bust. So will be reduced in size over the next decade or maybe even sold off. To repay the debt.
Whose next....? The UK has some breathing space but has some major funding issues to face up to eventually, both National Debt and bank wholesale funding to refinance. While the refinancing of the SLS lingers in the background as well.0 -
I fully agree with the needs to avoid Greece and Ireland style chaos. However, as I expect that in two years time my family will be £6000 worth off p/a than planned (increase in university tuition fees, no more child benefit, extra 2.5% VAT, higher taxes) I ask myself where we are going to get £6000 form??? On top of this the interest rates on our flexible rate mortgage may go up if inflation doesn't get back under control ...
What are other Money Saving Experts reactions and expectations?
Like life. You tackle each challenge as it arises and get on with it. If you've long term plans then adjust spending habits now. Use the extra money to reduce debt or save more.0 -
Thrugelmir wrote: »Whose next....? The UK has some breathing space but has some major funding issues to face up to eventually, both National Debt and bank wholesale funding to refinance. While the refinancing of the SLS lingers in the background as well.
The UK has taken care of funding, that is what QE was about. We are probably fully funded for the next 3 years and still have our AAA rating.0 -
The UK has taken care of funding, that is what QE was about. We are probably fully funded for the next 3 years and still have our AAA rating.
LloydsHBOS has wholesale funding of £162 billion to refinance by June 2011 and a further £49 billion in a further 2 years.
In addition there is £157 billion lent under the Special Liquidity scheme which needs refinancing in 2012.
In total some £368 billion, and remember that's just LloydsHBOS.
That figure needs to be put in context of the recent EU bailout providing around of £30 billion in support for the Irish banks.0 -
i found this useful map of cuts. it really hits home when it's on a map like that.
http://falseeconomy.org.uk/
It would be even more useful if it provided a map of the cuts taking place in Greece, Ireland, Portugal, Spain .....
It's just possible that it might then 'hit home' where we'd end up if we continued with the lend and spend model of economic policy.0 -
Tuition fees will be paid back by students who choose to study! Not the parents.
Its a Direct Tax on those using it.
The same should be applied to benefits, offset, what you use with what you pay back in the long term.
Only thing free should be healthcare, and care in old age! with NI paying for the lot!Plan
1) Get most competitive Lifetime Mortgage (Done)
2) Make healthy savings, spend wisely (Doing)
3) Ensure healthy pension fund - (Doing)
4) Ensure house is nice, suitable, safe, and located - (Done)
5) Keep everyone happy, healthy and entertained (Done, Doing, Going to do)0 -
Tuition fees will be paid back by students who choose to study! Not the parents.
Its a Direct Tax on those using it.
The same should be applied to benefits, offset, what you use with what you pay back in the long term.
Only thing free should be healthcare, and care in old age! with NI paying for the lot!
That should encourage them to get a job
'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher0
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