The government will now GIVE you 20% of your deposit

TickersPlaysPop

Was there anything in the budget to help increasing residential property building?

shaggydoo

Cyberman60 wrote: »

Well, they shouldn't have 50% of students going to university anyway. That was a stupid policy yet again by Labour in order to massage youth unemployment figures.

Of course we should. Having a well educated work force is vital to any economy.

stator

shaggydoo wrote: »

Of course we should. Having a well educated work force is vital to any economy.

Whilst that's true to a degree (pun intended) many of the degrees these days have no relevance to the jobs people end up in. An estate agenct with an art history degree? Not uncommon A midwife with a degree in English Literature? Not very useful either

Out,_Vile_Jelly

Obviously I wouldn't say no to a free £3k, but in the parts of the country where prices are rising faster than people earn/save it's kind of meaningless.

Perhaps its main value lies in encouraging a saving mentality, which has been a bit lacking in this country.

chucknorris

Out,_Vile_Jelly wrote: »

Obviously I wouldn't say no to a free £3k, but in the parts of the country where prices are rising faster than people earn/save it's kind of meaningless.

Perhaps its main value lies in encouraging a saving mentality, which has been a bit lacking in this country.

Not so much with saving, but I always feel good when I invest more in my SIPP and/or SS ISA's.

ViolaLass

stator wrote: »

Whilst that's true to a degree (pun intended) many of the degrees these days have no relevance to the jobs people end up in. An estate agenct with an art history degree? Not uncommon A midwife with a degree in English Literature? Not very useful either

That midwife might not be a midwife for life.

Swami_Trinel

Much negativity on here about the HTB ISA, but if you're in the group of people it is aimed at, as we are, it's quite literally free money. My wife and I have very recently started saving £500p/m between us for a deposit. When these ISAs become available we'll be able to open one each with £1000 to put in each and then put in £200 each every month whilst leaving our remaining £100p/m in our existing account.
We certainly don't expect to see out the full four years and seven months but after two years we would have saved enough to entitle us to a free £3000 between us, which for two years saving from a scratch is unbeatable. The value in this is for those just starting to save and if you're in a couple its even better.

CLAPTON

Swami_Trinel wrote: »

Much negativity on here about the HTB ISA, but if you're in the group of people it is aimed at, as we are, it's quite literally free money. My wife and I have very recently started saving £500p/m between us for a deposit. When these ISAs become available we'll be able to open one each with £1000 to put in each and then put in £200 each every month whilst leaving our remaining £100p/m in our existing account.
We certainly don't expect to see out the full four years and seven months but after two years we would have saved enough to entitle us to a free £3000 between us, which for two years saving from a scratch is unbeatable. The value in this is for those just starting to save and if you're in a couple its even better.

yes of course, but if it causes prices to rise by more than 3,000 then it won't be so good.

satchmeister

CLAPTON wrote: »

yes of course, but if it causes prices to rise by more than 3,000 then it won't be so good.

IIRC the prediction is a 33% price rise over the next five years. So if the average house should be just 40 to 60k more expensive. Got to love all the help from George to keep prices rising.

KrytenIceCubeHead

The only advantage of a well-educated populace these days is a chance of a discussion about Plato with the burger flipper. That, and they've bought into the latterday 'education education education' mantra, which with saddling students with huge debts, house prices refusing to obey the "laws" the HPCers swear by (while packing the loft full of beans against the apocalypse), taxing the earners who can't afford though to hire accountants to put it into tax free havens, and ever-rising age of retirement, the new mantra is surely 'Aspire, Perspire, Expire'.