We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
Debate House Prices
In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non MoneySaving matters are no longer permitted. This includes wider debates about general house prices, the economy and politics. As a result, we have taken the decision to keep this board permanently closed, but it remains viewable for users who may find some useful information in it. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Most Important Document You Will Never Read....
Comments
-
i like the idea of trying to predict what debt will be as a % of GDP in 2061!!! how worthless is that?!0
-
chewmylegoff wrote: »i like the idea of trying to predict what debt will be as a % of GDP in 2061!!! how worthless is that?!
Isn't it done on patterns, rather than predictions?
For example, I know if I keep spending £1,000 more than I earn each month, I will be £12,000 in debt at the end of the year. It's not really a prediction, rather than a projecton.0 -
The UK is simply not capable of taking the austerity required in order to bring public finances back into a manageable state.
It is just a matter of time before we have another gilt strike & huge bout of inflation to wipe away the debts. That could be 15 years away or it could be 5 (if Labour enter power at the next election).0 -
chewmylegoff wrote: »i like the idea of trying to predict what debt will be as a % of GDP in 2061!!! how worthless is that?!
As worthless as they calculate pensions deficits.
http://www.ukpensioncalculator.co.uk/news/20120518-3015_pensions-deficit-balloons.html
"A new report by Towers Watson shows how the UK’s pension deficit has increased by £30 billion in the space of just two weeks. The problem has been exacerbated by the recent problems in the eurozone and worries that left of centre governments in France and Greece will extinguish hopes that Europe can pull itself out of a debt crisis.
The actuary said that during May the deficits of the 350 top FTSE companies had risen from £62 billion to £92 billion. UK pensions head at Towers Watson, John Ball, said the problem was not with assets losing their value, but rather with liabilities getting larger."
Yep, deficit calculated using TODAY's depressed stockmarket to calculate a liability 20 years or more hence. If we have a stockmarket boom, they'll be raving about a pensions surplus and letting employers get away with reducing funding. Same employees, same liability, stronger equities, different result.0 -
MacMickster wrote: »This, however, is yet another case of can-kicking as the immigrants will become elderly and we would eventually need the population to increase exponentially for this plan to continue to work.
Isn;t the thought that many of the foreign working population will return to their homeland and thus not be a drain in retirement.:wall:
What we've got here is....... failure to communicate.
Some men you just can't reach.
:wall:0 -
grizzly1911 wrote: »So are they are only increasing pensions to £140 per week for a couple of years then?
I'm in my mid forties - I'll never see a penny of state pension, a bus pass, free TV license or a winter fuel allowance.
Obviously, as I'm making an effort to pay my own way in retirement I'll expect the government in the 2040's to relieve me of some the results of my frugal(ish) life to help fund those who couldn't or wouldn't make an attempt to support themselves.0 -
chewmylegoff wrote: »i believe that they will continue to increase the basic state pension but at some point in the not too distant future it will start to be means tested.
Yet more incentive not to bother saving...
this is the law of unintended consequences in action.0 -
The UK is simply not capable of taking the austerity required in order to bring public finances back into a manageable state.
There's waste on an epic scale happening within public finances.
A handful of people from this board and a spare afternoon could bring the public finances into a better position.0 -
At the same time as this report coming out, the CBI have slammed ministers for not doing enough to provide growth. They cite cuts as the reason we are in recession and not enough investment to provide growth.
The CBI hope the government provide apackage of measures before the summer which will involve improving credit cupply, and accelerating housing and transport projects.
You can't do that without spending. Which way to go?!0 -
Yet more incentive not to bother saving...
this is the law of unintended consequences in action.
Finding yourself in retirement with only the state pension to live on sounds like a nightmare. Most sensible people should be saving like mad to avoid this living hell rather than worrying about effective taxation rates.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply

Categories
- All Categories
- 352K Banking & Borrowing
- 253.5K Reduce Debt & Boost Income
- 454.2K Spending & Discounts
- 245K Work, Benefits & Business
- 600.6K Mortgages, Homes & Bills
- 177.4K Life & Family
- 258.8K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.6K Read-Only Boards