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Corbynomics: A Dystopia
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TheNickster wrote: »Interest rates are low because of problems with the economy.
no, they are not low they are at what they have been tending to for 30 years. the natural rate of real return for a developed world is going to be zero it has to be there is no other mathematical long term option than 0 (or negative)How long do expect interest rates to stay as low as they are now.
about 500 million year5 years ago the economy was expected to be booming by now. It is now teetering on the point of recession.
pre brexit it was booming. long term unemployment is just 1% in the ukone final point is that people on housing benefit do not get paid enough to qualify for a mortgage even if the rent (before HB is applied) is below a mortgage repayment.
then they should get a job, 99% of people seem to be able to manage this just fine.
for those who cant for whatever reason 17% of the housing stock is social and they can be put in there. We dont need more social housing, but if you insist it makes more sense to buy an existing house for £80k in the midlands and north than it does to spend £150k building a new one.0 -
gadgetmind wrote: »United Kingdom housing affordability as described by mortgage payments as a percentage of take home pay from 1983 to 2015
Don't let mwpt see that, his head will explode. As far as he is concerned the early 90s were nirvana so that chart must be wrong. I can't allow you to jeopardise the mission, Dave.0 -
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TheNickster wrote: »What kind of jobs have been created? Are they well paid full time jobs? or are they zero hour contract sports direct type of jobs? or are they self employed where the so called living wage does nor apply.
all types of jobs have been created.
far from the cries of the left that everyone is poor and everything is !!!! the truth is things are quite good and the economic perforce of the uk has been relatively positiveWrong type and in the wrong place
thats great news! it means an enterprising smart hard working chap like you can go and build the right type in the right place and make a killing. Boots on get startedI did read recently that private sector builders like to build 3 or 4 bedroom houses because they make more money of them (as you would expect from the private sector). Starter homes not being a priority for them.
yes the evil builders building what people want to buy rather than what you think people should be forced intoMarks 3/10
Could do a lot better
Grow up and look objectively around you. We have full employment with just 1% long term unemployed. We have a good economy with opportunity for those who make use of it.
The problem with much of the left is they close their eyes to the real world and project their views. I was with a group yesterday a group of die hard labor supporters claiming everything was !!!! and the Tories had or were destroying everything. I asked how many of them were unemployed, none, how many of them knew someone unemployed, none. how many were truly unhappy with their lives, none. When I suggested that the UK economy and healthcare and everything else was quite good and positive they agreed but im sure they will go to bed, wake up, and then continue to project weakness and dispear onto an imagined uk0 -
all types of jobs have been created.
far from the cries of the left that everyone is poor and everything is !!!! the truth is things are quite good and the economic perforce of the uk has been relatively positive
Could you breakdown how many full time well paid jobs have been created. How many zhc jobs and how many new self employed.
For those who were unemployed are the jobs as well paid as the jobs that had before they became unemployed.
I see that the Bank of England is now forecasting a rise in unemployment of 250,000.yes the evil builders building what people want to buy rather than what you think people should be forced into
I never said they were evil. (you should be careful about kneejerk reaction)
They build what for the market with the money that can buy unlike the majority of who like to buy but cannot afford to. - ie first time buyers who it seems are getting older and older because it takes longer and longer to save for a deposit.Grow up and look objectively around you. We have full employment with just 1% long term unemployed. We have a good economy with opportunity for those who make use of it.
The problem with much of the left is they close their eyes to the real world and project their views. I was with a group yesterday a group of die hard labor supporters claiming everything was !!!! and the Tories had or were destroying everything. I asked how many of them were unemployed, none, how many of them knew someone unemployed, none. how many were truly unhappy with their lives, none. When I suggested that the UK economy and healthcare and everything else was quite good and positive they agreed but im sure they will go to bed, wake up, and then continue to project weakness and dispear onto an imagined uk
If everything was rosy why did the Bank of England have to announce measures to counteract (they hope) the risk of recession.
You seem far too easily pleased - it could be so much better for us all and not just those who have already made it and have had opportunities laid on a plate for them.
I am sick and tired of hearing the poor are poor because they are undeserving. It is far more complicated than that.Do not be fooled into believing that this society cannot be made fairer because hard work isn't necessarily all it takes.
There are those on MSE DT who know the price of everything but the value of little.0 -
TheNickster wrote: »Could you breakdown how many full time well paid jobs have been created. How many zhc jobs and how many new self employed.
For those who were unemployed are the jobs as well paid as the jobs that had before they became unemployed.
I see that the Bank of England is now forecasting a rise in unemployment of 250,000.
I never said they were evil. (you should be careful about kneejerk reaction)
They build what for the market with the money that can buy unlike the majority of who like to buy but cannot afford to. - ie first time buyers who it seems are getting older and older because it takes longer and longer to save for a deposit.
If everything was rosy why did the Bank of England have to announce measures to counteract (they hope) the risk of recession.
You seem far too easily pleased - it could be so much better for us all and not just those who have already made it and have had opportunities laid on a plate for them.
https://www.ons.gov.uk/employmentandlabourmarket/peopleinwork/employmentandemployeetypes/bulletins/uklabourmarket/july2016
https://www.ons.gov.uk/employmentandlabourmarket/peopleinwork/earningsandworkinghours/articles/contractsthatdonotguaranteeaminimumnumberofhours/march2016
Seems to look ok to me. I'm in agreement with cells, the left will constantly cry foul even if the reality is the opposite. It seems admitting the Tories have got something right is a cardinal sin in the religion of the left.
In the latter part of the documentation around ZHC's, it seems only 37% of ZHC workers would like more hours.
Could it be that ZHC is just a buzzword for the left without actually looking at the statistics? Sure those 37% of people have a case, but as per the first link the rest of the economy looks like it's working pretty well.0 -
westernpromise wrote: »As far as he is concerned the early 90s were nirvana
Nevermind, 1991.
(But I prefer Bleach.)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 -
Not very good using the affordability for people who can afford to buy as a guide for overall affordability.gadgetmind wrote: »United Kingdom housing affordability as described by mortgage payments as a percentage of take home pay from 1983 to 20150 -
Not very good using the affordability for people who can afford to buy as a guide for overall affordability.
That statement is a null class in the class of all classes not members of the given class.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
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