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!
Osborne Loses It - Our Triple A Rating And Its Future
Comments
-
of course many people on this forum don't accept that savings and debts are just part of the same equation.
but it is useful to reflect that most UK government debt is owed to UK people (i.e. is part of Uk prople's savings).
so all that massive interest the UK government (taxpayers) has to pay is being paid to Uk savers (taxpayers)
it must be that UK savers are experiencing a positive tsunami of savings interest all at the expense of Uk taxpayers.
Of course it's the boomers fault for having all those savings because without them there wouldn't be any debt.0 -
of course many people on this forum don't accept that savings and debts are just part of the same equation.
but it is useful to reflect that most UK government debt is owed to UK people (i.e. is part of Uk prople's savings).
so all that massive interest the UK government (taxpayers) has to pay is being paid to Uk savers (taxpayers)
it must be that UK savers are experiencing a positive tsunami of savings interest all at the expense of Uk taxpayers.
Of course it's the boomers fault for having all those savings because without them there wouldn't be any debt.
Isn't a lot being paid to themselves (government) through QE?
BTW if you know anywhere offering tsunami rates let me know. Seems they are more like damp squibs since FFL."If you act like an illiterate man, your learning will never stop... Being uneducated, you have no fear of the future.".....
"big business is parasitic, like a mosquito, whereas I prefer the lighter touch, like that of a butterfly. "A butterfly can suck honey from the flower without damaging it," "Arunachalam Muruganantham0 -
Where did the money come from in order for savers to buy the Government debt?0
-
Divide and conquer is often shouted by the left but I have to say I was already sick to death of the situation 4-5yrs ago.
The stat what did it for me was 80% of the jobs created went to foreign workers. There was also a documentery in Petoborough where the journalist asked british unemployed youths to take up jobs advertised in the agrculture fields and/or processing plants and they didn't want to know.
Of course there are the ones who have lost their jobs and I want to support these workers but many stay on benefits because the life is not too bad. A baker in Doncaster was in the press recently saying he has vacancies he can't fill and when he does fill the roles they last 20mins or go home at lunch with illness. We have (and this is Labours mess), allowed folk to have zero responsibility, they are victims who believe they are entitled to errmm anything and everything. If some of them had just a bit of responsibility and they decided to improve 'their life' then they could instead they sit there blaming thatcher and others for their life.The other reason is plain laziness often caused by going to uni where lessons start at lunch and assignments can be done at the weekends leaving them to awake at lunchtime bless. Grrrrrrr
Does anyone have any data on just how many genuinely !!!!less people there are out there?
We have all seen the headlines and shock and awe such as these items Howee mentions.
I don't dispute they exist I am not sure what proportion they really account for. It's a bit like saying companies are avoiding tax or MPs are fiddling their expenses.
Are we carpet bombing when a tactical insertion, to tackle the problem, would work more efficiently?
Will poverty policies actually help or merely make the downturn longer and harder to resolve?"If you act like an illiterate man, your learning will never stop... Being uneducated, you have no fear of the future.".....
"big business is parasitic, like a mosquito, whereas I prefer the lighter touch, like that of a butterfly. "A butterfly can suck honey from the flower without damaging it," "Arunachalam Muruganantham0 -
Thrugelmir wrote: »Where did the money come from in order for savers to buy the Government debt?
several possibilities
-UK is one of the richest countries in the world
-boomers have stolen their unborn grandchildren legacies
-some people on theses boards seem to work and save (OK I'm joking here)
-benefits sponges need somewhere to invest our money
-Merv printed it
-the fractional savings based banking system
lots of possibilities0 -
angrypirate wrote: »People who have never worked a day in their life have chosen to have 10 kids are demanding a big house, sky tv, holidays, Iphones. And now the tory party are nasty coz they are threatening to take this away. I say good. Benefits are there as a safety net. It should allow you to get by, to exist, not have a cosy life with sky tv, holidays and Iphones.
I agree that benefits should be a safety net not a way of life. There are many things I dislike about this Government but the principle of redressing the imbalance between poorly paid workers and those on benefits is a laudable one.
What does concern me is the propaganda that those living on benefits enjoy a good standard of living. There are some who may appear to do so (perhaps helped by the black economy) but most are just subsisting. True many in work are also just surviving and deserve to be better off, but such policies would be more easily implemented if there were sufficient jobs available.
At present we seem content to introduce measures that distribute the misery but very few that provide the prospect of more sustainable jobs.Few people are capable of expressing with equanimity opinions which differ from the prejudices of their social environment. Most people are incapable of forming such opinions.0 -
A baker in Doncaster was in the press recently saying he has vacancies he can't fill and when he does fill the roles they last 20mins or go home at lunch with illness. We have (and this is Labours mess), allowed folk to have zero responsibility, they are victims who believe they are entitled to errmm anything and everything. If some of them had just a bit of responsibility and they decided to improve 'their life' then they could instead they sit there blaming thatcher and others for their life.The other reason is plain laziness often caused by going to uni where lessons start at lunch and assignments can be done at the weekends leaving them to awake at lunchtime bless. Grrrrrrr
Yes I see such stories too (there's usually a discarded Daily Mail as the train gets to the end of the line) but its always difficult to know if they are for real or how representative they are. I do not imagine living on benefits is very pleasant after a few weeks or that so many people enjoy such a lifestyle. Those that appear to do so may have other ways of surviving through cash in hand work etc The zero responsibility may simply be that they have been worn down by the lack of opportunities.How this is changed I do not know but people with those attitdues need to be encouraged and a divided society is not the solution.
I imagine your Doncaster baker must be a terrible employer if people want to leave after 20 mintes.Few people are capable of expressing with equanimity opinions which differ from the prejudices of their social environment. Most people are incapable of forming such opinions.0 -
Labour are resoundingly responsible for leaving the economy in a horrific state.
Actually, Margaret Thatcher and her cronies reduced Britain to a pile of rubble during their 18 years in power and that's what Labour inherited. Schools, hospitals and infrastucture fit only for the third world.
Everyone seems to forget that.A journey of a thousand miles begins with a single step
Savings For Kids 1st Jan 2019 £16,112
0 -
BACKFRMTHEEDGE wrote: »Actually, Margaret Thatcher and her cronies reduced Britain to a pile of rubble during their 18 years in power and that's what Labour inherited. Schools, hospitals and infrastucture fit only for the third world.
Everyone seems to forget that.
LOL!
Presumably the cluster fk that was Nationalisation, 168% tax rate, the IMF bail out and the Winter of Discontent was Thatchers fault too.
Idiot.0 -
Its simply spurious to plame the workshy and !!!!less for the state of the country. Its a minor issue. Most benefit claimants are in work. Its amazing how suddenly this has become such a massive issue. I wonder if it has anything to do with the Tory govmt agenda...surely not?0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 352.1K Banking & Borrowing
- 253.5K Reduce Debt & Boost Income
- 454.2K Spending & Discounts
- 245.1K Work, Benefits & Business
- 600.7K Mortgages, Homes & Bills
- 177.4K Life & Family
- 258.9K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.6K Read-Only Boards