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If QE Was Withdrawn....
Comments
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BristolBob wrote: »You heard wrong.
Daily Telegraph
PBR is a terrible idea actually. Money isn't the main motivator for most people and you'd create a whole new set of problems, disfunctional behaviour and fiddles."Things are never so bad they can't be made worse" - Humphrey Bogart0 -
redbuzzard wrote: »Daily Telegraph
PBR is a terrible idea actually. Money isn't the main motivator for most people and you'd create a whole new set of problems, disfunctional behaviour and fiddles.
That article does not talk about bonuses. The move to PRP does not mean bonuses in this instance. It means that progression will be linked to performance. Given that school budgets are fixed, with little scope for performance to add (directly/indirectly) to the coffers, PRP will be something of a joke.0 -
Thrugelmir wrote: »Brown left an enormous debt pile...........
Be interesting to see kindly history judges him.
Gordon Brown was the highest earning MP last year - income from speeches etc. And he never kept a penny himself - it all goes to charity. He has also rejected his ex Prime Ministerial benefits so all he gets is the standard MPs salary.
Whatever we think of his economic mismanagement we should respect him for that.
And when he sold our Gold at the bottom of the market I can't remember anyone critising him for it at the time.
Hindsight always comes cheap.“It is difficult to get a man to understand something, when his salary depends on his not understanding it.” --Upton Sinclair0 -
Glen_Clark wrote: »So I think Osborne just wants to leave a poisoned chalice to his successor, as the last Tory Government did with the botched Privatisations.
And as labour did with the 50% tax rate.I am not a financial adviser and neither do I play one on television. I might occasionally give bad advice but at least it's free.
Like all religions, the Faith of the Invisible Pink Unicorns is based upon both logic and faith. We have faith that they are pink; we logically know that they are invisible because we can't see them.0 -
Well whatever you think of the 50% tax rate it was certainly a lot easier to unwind than the Railway Privatisation or Osbornes Sub Prime 2 scheme.gadgetmind wrote: »And as labour did with the 50% tax rate.“It is difficult to get a man to understand something, when his salary depends on his not understanding it.” --Upton Sinclair0 -
Payment by results is great in theory, never seen a Public Sector scheme that works well in practice. Because whatever targets you set, employees will aim for those to the exclusion of everything else. Hence the dumbing down of exams, etc..
The best public servants don't go into the job just for the money.
My suggestion is the default pay should be the countrys average pay.“It is difficult to get a man to understand something, when his salary depends on his not understanding it.” --Upton Sinclair0 -
Glen_Clark wrote: »Well whatever you think of the 50% tax rate it was certainly a lot easier to unwind than the Railway Privatisation or Osbornes Sub Prime 2 scheme.
It still hasn't been fully unwound and labour are still ranting about "tax cuts for millionaires" even though the top rate of tax is still higher than under (from memory) 19 days of labour rule.I am not a financial adviser and neither do I play one on television. I might occasionally give bad advice but at least it's free.
Like all religions, the Faith of the Invisible Pink Unicorns is based upon both logic and faith. We have faith that they are pink; we logically know that they are invisible because we can't see them.0 -
redbuzzard wrote: »Hehe. I'm not a fan, I think it's just a vote gatherer, but it isn't really a loan, HMG is buying an equity stake; and you will have the pay charges after the first 5 years. If you take the 25% "equity loan", you only have a beneficial interest in 75% of the house, even if it goes up in value.
Granted, it's still a subsidy as you get to live in the taxpayers' bit of the house rent free for 5 years.
Interestly they are using RPI in the calculation of the fees from year 5, even though it isn't an official statistic any more!
Well they are not Prime mortgages, or the Banks would lend without this scheme. So they are Sub Prime.
The point is the Elected Chancellor (which Osborne is not) will be forced to maintain inflated house prices, or accept negative equity and consequently mass defaults on taxpayer backed interest free sub prime debt.“It is difficult to get a man to understand something, when his salary depends on his not understanding it.” --Upton Sinclair0 -
The level of public sector pensions is still unaffordable. (and way above the private sector)Not really. Though of course they built a bit of wriggle room into their initial negotiating stance so that the customary formalities could be played out.
So they have backed down.“It is difficult to get a man to understand something, when his salary depends on his not understanding it.” --Upton Sinclair0 -
Glen_Clark wrote: »Well they are not Prime mortgages, or the Banks would lend without this scheme. So they are Sub Prime.
The point is the Elected Chancellor (which Osborne is not) will be forced to maintain inflated house prices, or accept negative equity and consequently mass defaults on taxpayer backed interest free sub prime debt.
I agree it's a rubbish idea. We know from experience that the best way to keep houses affordable is not to throw around 95% mortgages.
This could really backfire actually, because it applies only to new build. So the house is likely to be "worth" more as new build than it will be when you've bought it, which would virtually guarantee negative equity from the off.
Why did he not speak to me before he did it?"Things are never so bad they can't be made worse" - Humphrey Bogart0
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