will there be a massive FTSE crash tomorrow if the Gobbling Millipede gets in?

IveSeenTheLight

Generali wrote: »

No there won't be.

There would be a crash if the SNP formed a majority Government but that would be because most of the rest of Britain had been destroyed leaving only 80 or 90 constituencies left and most of those would be grim northern hell holes.

Generali,
This is part of the Union you are so fond of.
How could you describe it as such?

Is this how all conservatives see the division in the UK, that the north is some derogatory place where no reputable conservative would want to reside.

P.S. By the North, I'm assuming North of the Watford Gap and not North of Hadrians Wall

You talk in terms that would be akin to the writers of Game of Thrones

IveSeenTheLight

mayonnaise wrote: »

I've done pretty well under Labour governments, Tory governments and coalitions.
It makes not one jot of difference who is in power. Only hard work and a functioning brain will make a difference
Don't expect politicians to solve your problems, get you a better paid job or a nice house, you silly lefty.
And no, there won't be a FTSE crash.

The most common sense I've seen in this forum since I re-popped my head back in

Generali

IveSeenTheLight wrote: »

Generali,
This is part of the Union you are so fond of.
How could you describe it as such?

Is this how all conservatives see the division in the UK, that the north is some derogatory place where no reputable conservative would want to reside.

P.S. By the North, I'm assuming North of the Watford Gap and not North of Hadrians Wall

You talk in terms that would be akin to the writers of Game of Thrones

No I mean those ex-industrial places where the main sources of employment are working in the Job Centre or in the Discount fagz 'n' booze shop. There are some lovely bits of Northern England and then also some dreadful bits.

The one in Scotland that spring to mind is Dundee. Seemed like a right dump although I only spent a couple of days there. An examples in England are Newcastle-under-Lyme, Bradford and Leeds.

All countries have hell holes. Sydney has Rooty Hill and Mount Druit. Oh yeah, and Plumpton. I worked for a few days at Plumpton shopping centre when I first got over here and was struggling for work. As far as I could see, every other person was a morbidly obese smoker. To be fair, it did seem like quite a happy place and there's definitely something to be said for that.

BobQ

TheBlueHorse wrote: »

Hateful Millipede, Hateful Balls, Hateful Sturgeon.

Sapphire wrote: »

I'm hoping they will not get in. If they do, then I think we are finished as a nation. What a horrible embarrassment and humiliation it would be in front of the rest of the world…

I don't even want to contemplate it.

Drama queens ............The Whitehorse returns with more bile in his belly?

Life will go on chaps. Glad you think its a possibility however. I still think Cameron will cling on but he will need to learn some humility.

michaels

Labour obviously intend to bring in double taxation of pensions (taxed when you put it in, taxed when you draw it out), will the changes they bring in to do so in the June budget impact this tax year or only 16/17 onwards?

pjread

michaels wrote: »

Labour obviously intend to bring in double taxation of pensions (taxed when you put it in, taxed when you draw it out), will the changes they bring in to do so in the June budget impact this tax year or only 16/17 onwards?

But then why would you put it in....?

michaels

pjread wrote: »

But then why would you put it in....?

You wouldn't if you are already a higher rate taxpayer and relief is restricted to standard rate, therefore it would see an immediate increase in taxed income as many pension contributions are cut back sharply and improvement to the public finances at the expense of reduced pension pots many years in the future, given the average politicans time horizon it is a win-win.

antrobus

michaels wrote: »

You wouldn't if you are already a higher rate taxpayer and relief is restricted to standard rate, therefore it would see an immediate increase in taxed income as many pension contributions are cut back sharply .....

Or switched to employer contributions?

michaels wrote: »

...and improvement to the public finances at the expense of reduced pension pots many years in the future, given the average politicans time horizon it is a win-win.

The average politicans time horizon extends no further than the date of the next election.

michaels

antrobus wrote: »

Or switched to employer contributions?



The average politicans time horizon extends no further than the date of the next election.

So employer contributions help because of the NI advantages but if there is a cap on annual/lifetime contributions then these will still be taxed.

chucknorris

I took too much out of the ftse during the last month (I felt that sentiment might go bearish about Greece, the election and USA raising rates), but on reflection I realised that I had overdone it. So I was pleased to re-invest some of it earlier this morning, I wish I could have put more back in, but by the time a building society transfer reached my bank current account, the market had recovered to a point where I would rather wait and see if it falls again tomorrow morning (or even this afternoon).