Preparedness for when

COOLTRIKERCHICK

With all the announcements in the budget yesterday, and the news of China yesterday, what are the chances of it having a noticeable effect on us in the UK??? And the potential of a bail- in??

1Tonsil

Actually Greece are not being given a last chance...they had the offer rejected, so have to give another in by midnight tonight. They have submitted about thirty plans in the last few months and back tracked on their promises to ease austerity for the sick and old folks. The EU is trying to bring about a change of party so the old boys go back in again. Never mind the fact that some of them have been charged with corruption and deception.

Its too late in my mind, it will not be voted through the Greek parliament and the other countries will veto it anyway. I think we need to get out now as almost every country is in terrible debt they cant get out of...including Germany, France, Italy and so on.

It seems to be going on globally as well. A friend of mine in a southern state in America told me folks there are choosing to have the electric off and spending the money on food they need, but prices on food have gone out of control.

I feel so sorry for folks who are in this position . Life is getting harder by the day, and I am not just talking about Greece. Trying to make plans for when the ATM s dry up, which cannot be that far away now....even thinking about what we will do if there is a military coup or trouble breaks out with our neighbour Albania. I have already been through one military coup in Thailand recently! It may not happen, but I like to have a game plan in case it does....I guess that is a sign of a prepper......thinking of what to do in case it ever does happen. If anyone has any ideas of alternative scenarios, let me know. It would be interesting to hear what you would do.....

thriftwizard

This does rather have the feel of a defining moment. I suspect there's a heck of a lot going on behind the scenes that we're not aware of - people shoring up currencies, trying to plug massive leaks in banks etc. - that our mainstream media just isn't mentioning at all! I found very little on the Chinese stock market crisis on the BBC news website last night, and even less on other matters of global importance - I know the last thing we need is panic, but I would like to feel informed, at least!

Re sb44's link: interesting to watch the expressions flittering across Tsipras's face. Looks to me like a man who really doesn't want to hear any of that, but knows that it's true, even if I have no great fondness for the speaker.

COOLTRIKERCHICK

Just seen bloombergs sponsored ad on fb, they are saying China has banned big share holders selling shares???

maryb

http://www.telegraph.co.uk/finance/economics/11728175/Greece-news-live-Grexit-deal.html

The Daily Telegraph has picked up on 1Tonsil's story about journalists being investigated.

maryb

I'm very sorry for small businesses that will be hit by the additional costs of the Living Wage. But it was a scandal that middle income taxpayers were bearing the cost of a wage subsidy for businesses employing large numbers of people.

That wage subsidy enabled the bosses to hit their Earnings Per Share targets which meant that they got big annual bonuses and all their share options vested.

He still hasn't done anything about the trick of keeping hours low so that workers fall below the earnings threshold at which they and the employers pay National Insurance. Which means that middle income taxpayers are still on the hook for years to come because those workers are not accruing any contributory benefits and will not have enough contributions to qualify for a full pension. But saving NIC has a nice effect on profits

COOLTRIKERCHICK

maryb wrote: »

I'm very sorry for small businesses that will be hit by the additional costs of the Living Wage. But it was a scandal that middle income taxpayers were bearing the cost of a wage subsidy for businesses employing large numbers of people.

That wage subsidy enabled the bosses to hit their Earnings Per Share targets which meant that they got big annual bonuses and all their share options vested.

He still hasn't done anything about the trick of keeping hours low so that workers fall below the earnings threshold at which they and the employers pay National Insurance. Which means that middle income taxpayers are still on the hook for years to come because those workers are not accruing any contributory benefits and will not have enough contributions to qualify for a full pension. But saving NIC has a nice effect on profits

Please don't tar all businesses the same way.

We have a small business and at our busiest we had 9 people working ( including myself, hubby and eldest son) it is a very competitive market, with high volume, and small profit margins..

We are now down to 4 of us, and I am now self employed and try to make my wages from other incomes. But yet still work at our business to keep it going...

With this announcement re wage increases, this will also mean emp!oyers will now pay more emp!oyer tax on the increase wages... P!us we got to pay 5% of emp!oyee's wages into a pension fund, PLUS since last April if anyone is off sick, we got to pay your SSP, and can't claim that back, so if someone if off sick, and is intiled to £87 a week SSP that comes out of the emp!oyers pocket,

So it isnt a bed of roses for us small businesses.. And will put alot of small firms out of business, or they will just not grow their business,due to the extra costs...

Don't forget this will also make price rises.. As bigger companies have got to re-coupe the extra wage costs..so no one actually gains what ever class you are, except the government.

I bet they haven't stopped/ reduced their expense/ lunch allowances

[Deleted User]

What will be, will be and there is nothing we can do about any of it. Being prepped as far as we can for the things we can forsee possibly happening is as much as any of us CAN do. Fretting and worrying about what might happen makes as much sense as filling a bucket with a hole in it doesn't it? Me I will wait to see how it all pans out and hope that my wildest imaginings are just and only that. Until then I will live the life that is normal to us but keep fingers on all the pulses that are available to check. This world will do whatever it does, we are merely onlookers who are ahead of the game and as such we have a much better chance of coming through game changing events than 99% of the rest of the world.

Karmacat

Very good point about paying HMRC now ... I'll do that today.

ZH linked to this map http://map.norsecorp.com/ which is a live map of cyber attacks, they're saying St Louis in the US is getting hit extra hard right now. Norse seem to be a genuine cyber security firm.

maryb

Cooltrikerchick, believe me, my comment was aimed solely at the employers of large numbers of staff who use every trick in the book to maximise profits and minimise taxes. I have nothing but sympathy for those like you who are slogging your guts out to make a living and provide employment to others