£480 wk ben cap not enough for families in London to live on.

ukcarper

hardassets wrote: »

They can not increase that much outside London because if they go over a certain amount then demand will go elsewhere. That is how free markets work. At the moment there is no free market because in London families get their rent paid no matter how much it is. Bring on the caps, sooner the better I say.

They can increase to what people on the cap can afford and there are many places where that could happen. The effect will be to level prices but as I said how does that help in the areas where people moved to.

Sapphire

FTBFun wrote: »

Yep, everyone gets their rent paid by the Government in London!

Let's be clear about it: their rents and other benefits are paid by hard-working taxpayers, many of whom get paid far less than the good-for-nothings receive in benefits.

yertiz_2

Interesting news today....

http://www.bbc.co.uk/news/uk-politics-16669850

wotsthat

hardassets wrote: »

Make that 500 ounces in a few more years I am about halfway there. Just praying the silver price suppression lasts a few more yrs :T

Dead right. You've got less than 250oz at the moment which is worth less than £10,000. In a few more years you plan to DOUBLE that - wow!

So if the price suppression lasts a bit longer you'll have £20,000 worth of silver. I've been taking the p**s but you're the man - all those savings whilst receiving benefits should be an inspiration to benefits claimants everywhere.

There are a few potential pitfalls...

- your current savings rates is a few pounds a month (children save more from pocket money)
- at your current savings rate you need silver to increase in value by 75% every year for the next 5 years to be able to buy a £200,000 house
- if the 'price suppression' continues for the next 5 years you'll only have £20,000.
- You need house prices to fall by 90% to buy that £200,000 house.
- you're likely not able to make rational decisions in many other parts of your life

drc

The UK must be the laughing stock of the world when they read about welfare benefits being capped at £26k. I wonder how long it would take to earn that in a job in say, rural India or Peru. Nuts. Socialism taken to its extreme.

heathcote123

hardassets wrote: »

Make that 500 ounces in a few more years I am about halfway there. Just praying the silver price suppression lasts a few more yrs :T

So have you told the benefits system you have more than 6k in savings?

quantic

http://www.bbc.co.uk/news/uk-politics-16675314

I despair at this country I really do... they don't think 26k is high enough, goodness me, since when was it morally right to give someone equivalent to average wages for doing sweet FA. I think it should be closer to 16k... and as for all the families with 10 kids etc, you shouldn't have had them as a form of income stream you wasters.

No bloody wonder unemployment among young people is worst ever, there is no incentive to have pride anymore and actually earn your way in the world.

RJP33

This makes me so angry, it's ok for us the hardworking population to subsidise people to live in homes they can't afford. The cap should be a lot, lot lower than 26000. Benefits are supposed to be a last resort safety net for the truly needy.

How are you going to get these people to take a job if they'll be worse off in work on average???

Lotus-eater

It's not even £26k really, it's £35k before tax, with no getting to work costs for those that don't work.

Now the lords have voted not to include child benefit in that!

Already linked from BBC
Enver Solomon, policy director at The Children's Society, said it was "delighted" with the results of the vote, arguing it was "totally unfair that a small family with a household income of £80,000 a year receive it, yet a large family with a benefit income of £26,000 are excluded".

Well of course it is! Because the family on £80k shouldn't be getting it either........ Ahhhhhh!

quantic

Enver Solomon, policy director at The Children's Society, said it was "delighted" with the results of the vote, arguing it was "totally unfair that a small family with a household income of £80,000 a year receive it, yet a large family with a benefit income of £26,000 are excluded".

The difference being that the family EARNING £80,000 had to do something to get it... jesus, since when did people start thinking anyone was entitled to a penny other than what they EARN. They should be grateful for anything, seriously. What exactly "entitles" anyone to anything...

People are also forgetting, that these families are also getting free child care, so not only are we paying them to have the kids, we are paying for someone else to look after them for them so they can "do a bit shopping".