the snap general election thread

CKhalvashi

Does anyone remember I said it's unlikely the Conservatives will keep their majority to be told I'm wrong?

Does anyone remember I said the house of cards will fall down just before the next election to be told I'm wrong?

How confident are Leavers here that I'm wrong now? Plus, I'm 3 years ahead. Apologies on a postcard, please

HAMISH_MCTAVISH

Rinoa wrote: »

Pound same value as last July.

Yes - AFTER it had devalued.

The price of wine didn't shoot up in a month either - but it sure is now...

CKhalvashi

Rinoa wrote: »

Pound same value as last July.

FTSE up 25%

And last June, before the UK did the most stupid thing it's ever done?

FTSE is up, that benefits the rich, it doesn't benefit the average person in the UK that's struggling to pay the bills.

Rinoa

HAMISH_MCTAVISH wrote: »

Yes - AFTER it had devalued.

£/$ rate same as last July.

FTSE up 25% whether you bought in £'s or $'s

Rinoa

CKhalvashi wrote: »

FTSE is up, that benefits the rich, it doesn't benefit the average person in the UK that's struggling to pay the bills.

I would imagine most pension funds are heavily into FTSE.

Filo25

Westminster voting intention:

CON: 45% (-4)
LAB: 40% (+6)
LDEM: 7% (-)

(via @IpsosMori)
Chgs. w/ mid May

CKhalvashi

Rinoa wrote: »

I would imagine most pension funds are heavily into FTSE.

And who has the biggest pension funds?

I was asked by someone with about £25k in pensions (he's late 50s) what to do with it (on a non-advice 'what would CK do?' level, of course, as I'm not qualified to give advice).

This is someone who has worked all his life, and after the increased valuation in the FTSE. There are other circumstances in this case that I'm not willing to go into on an open forum, however I've seen the paperwork he's been sent, and that's about what's there.

A drop is going to affect him a lot more than it'll affect someone with a £1m pension portfolio, or even a £250k pension portfolio, both of whom would likely have other income-generating assets to fall back on, plus cash savings outside of a pension scheme.

£25k is enough (after the tax that will need to be paid) to get the remainder of his mortgage paid (on a 1 bed flat) without having to dip into his already stretched income to do this, then he will have a small workplace pension and state pension of £155 a week to live on in retirement.

So, now you've had some context into how difficult some people actually have it, I'll ask again, has the rise benefited the rich or the poor more?

cogito

CKhalvashi wrote: »

And who has the biggest pension funds?

I was asked by someone with about £25k in pensions (he's late 50s) what to do with it (on a non-advice 'what would CK do?' level, of course, as I'm not qualified to give advice).

This is someone who has worked all his life, and after the increased valuation in the FTSE. There are other circumstances in this case that I'm not willing to go into on an open forum, however I've seen the paperwork he's been sent, and that's about what's there.

A drop is going to affect him a lot more than it'll affect someone with a £1m pension portfolio, or even a £250k pension portfolio, both of whom would likely have other income-generating assets to fall back on, plus cash savings outside of a pension scheme.

£25k is enough (after the tax that will need to be paid) to get the remainder of his mortgage paid (on a 1 bed flat) without having to dip into his already stretched income to do this, then he will have a small workplace pension and state pension of £155 a week to live on in retirement.

So, now you've had some context into how difficult some people actually have it, I'll ask again, has the rise benefited the rich or the poor more?

He's in his 50s and only managed to put £25000 into his pension. What an idiot.

Rinoa

CKhalvashi wrote: »

So, now you've had some context into how difficult some people actually have it, I'll ask again, has the rise benefited the rich or the poor more?

It's benefited everyone who has a pension fund.

BTW you won't make poor people better off by taking lots of money from rich folk. Ask any Venezuelan.

bobbymotors

CKhalvashi wrote: »

Does anyone remember I said it's unlikely the Conservatives will keep their majority to be told I'm wrong?

Does anyone remember I said the house of cards will fall down just before the next election to be told I'm wrong?

How confident are Leavers here that I'm wrong now? Plus, I'm 3 years ahead. Apologies on a postcard, please

How about putting your money where your mouth is then?

I say you're wrong and that TM will get back in with an increased majority. Comrade Corbyn is unelectable and always will be: elections are won from the centre and always will be. When it comes to actually putting the X on the ballot paper, Corbyn will fail.

As for leavers being in the wrong, what remoaners simply fail to get, is that - right or wrong - the people voted to leave. That's why the lib dems are going to be crushed yet again, they are campaigning against the will of the people: and the people don't care for that one bit.

How about it then? For charity? £500 of my money to £50 of yours. I say TM is PM on 9th June with an increased majority.

You could give your winnings to the labour party if you want!