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!
Squeezed middle must wait another decade for rise in living standards
Comments
-
Thrugelmir wrote: »Don't forget many of those mortgages are interest only.
So devaluing the £ helps the banks.
Screws those with savings, the elderly reliant on the income, annuities etc.
I wonder what the lost revenue is to HMRC of the lack of tax on interest and lack of VAT on consumption?"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 -
grizzly1911 wrote: »Screws those with savings, the elderly reliant on the income, annuities etc.
I wonder what the lost revenue is to HMRC of the lack of tax on interest and lack of VAT on consumption?
Agreed. Though they benefited from the boom.
If banks went bust then savings would be lost. As Government would default on savings protection. As unaffordable.
Treasury collects tax one way or the other. Whether its PAYE, NIC, VAT etc as money gets spent.0 -
shortchanged wrote: »And Merv sees good times ahead even with inflation looking like it's on the march again. :doh:
Merv has been seeing inflation falling, or just being "a blip" several times over the past few years.
Should have gone to Specsavers.30 Year Challenge : To be 30 years older. Equity : Don't know, don't care much. Savings : That's asking for ridicule.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 353.3K Banking & Borrowing
- 254K Reduce Debt & Boost Income
- 454.9K Spending & Discounts
- 246.3K Work, Benefits & Business
- 602.5K Mortgages, Homes & Bills
- 177.9K Life & Family
- 260.3K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards