Generation Rent = Generation Homeless?

Guest101

norm_ wrote: »

Spending money makes money. Labour want to reinvigorate the economy.

The tories simply gouge at what's there and redirect the wealth to the richest in society.

Borrowing money against the GDP at huge rates (I believe at one point it was 14%!) is why we are now having to cut budgets in many public services.


Someone worked out that public services aren't self funding.


You tell me where the govt are redirecting wealth to the richest. I'll wait.

Guest101

IAmWales wrote: »

It's ok for you to give your viewpoint but not the opposition?

The national debt has trebled since the Tories have been in power. £1.7 trillion. FYI.

I wasn't giving a viewpoint, I was stating a fact. It's not an opinion.


Please can you cite your source, because as far as I was aware the deficit is around the 900bn mark


I'll cite mine https://fullfact.org/economy/government-borrowing/

Red-Squirrel_2

Guest101 wrote: »

Not the right board for this type of thing really.


But just FYI, the labour governments of the past have borrowed far more than the tories....

Excuse me, but where's your reprimand for the poster I was responding to?

Guest101

Red-Squirrel wrote: »

Excuse me, but where's your reprimand for the poster I was responding to?

It wasn't a reprimand as such, more of a clarification point - to say that this discussion is probably going to deviate from the original point.


I also don't claim to be neutral. But for the sake of it, "Cashbackproblems you naughty boy/girl, stop it!"

agrinnall

Guest101 wrote: »

I wasn't giving a viewpoint, I was stating a fact. It's not an opinion.


Please can you cite your source, because as far as I was aware the deficit is around the 900bn mark


I'll cite mine https://fullfact.org/economy/government-borrowing/

Here's one, no doubt there are many more.

UK National Debt in January 2017 - £1,682.8 billion

http://www.economicshelp.org/blog/334/uk-economy/uk-national-debt/

I think you are confusing deficit and debt, they are two different things.

Guest101

agrinnall wrote: »

Here's one, no doubt there are many more.

UK National Debt in January 2017 - £1,682.8 billion

http://www.economicshelp.org/blog/334/uk-economy/uk-national-debt/

I think you are confusing deficit and debt, they are two different things.

Thank you, I did misread it.

Cakeguts

The only thing that might make landlords sell up is rent controls. If you need to find out how many rental properties are available when there are rent controls look it up. What happens is that all the quality homes tend to get sold off leaving only the ones that no one wants as rentals.

steampowered

Guest101 wrote: »

But just FYI, the labour governments of the past have borrowed far more than the tories....

I can see why you think that. It is a common myth. But when you actually look at the facts it is not true.

Have a read of this blog which breaks down basic financial data since the end of the second world war.

As you will see, the Tories have borrowed on average £22.9 billion for each year they have been office. The figure for Labour is £17.4 billion. A similar pattern emerges when you adjust for inflation.

You will also see that the Conservatives ran a deficit 90.5% of the years they are in power and a surplus 9.5% of the time. Labour ran a deficit 75% of the time and a surplus 25% of the time.

This is not mentioned in the blog, but you should be aware that the current Tory government has borrowed far more in 7 years than the last Labour government did in 13.

The evidence seems overwhelming to me. While both Labour and the Tories have historically overspent, the Tories are more likely to borrow in any given year. When the Tories borrow (which they do more than 90% of the time) they also borrow higher amounts than Labour.

Guest101

steampowered wrote: »

I can see why you think that. It is a common myth. But when you actually look at the facts it is not true.

Have a read of this blog which breaks down basic financial data since the end of the second world war.

As you will see, the Tories have borrowed on average £22.9 billion for each year they have been office. The figure for Labour is £17.4 billion. A similar pattern emerges when you adjust for inflation.

You will also see that the Conservatives ran a deficit 90.5% of the years they are in power and a surplus 9.5% of the time. Labour ran a deficit 75% of the time and a surplus 25% of the time.

This is not mentioned in the blog, but you should be aware that the current Tory government has borrowed far more in 7 years than the last Labour government did in 13.

The evidence seems overwhelming to me. While both Labour and the Tories have historically overspent, the Tories are more likely to borrow in any given year. When the Tories borrow (which they do more than 90% of the time) they also borrow higher amounts than Labour.

True but the economy has also grown, so when you adjust for that, as a deficit compared to GDP, which is a valid comparison, the tory government tend to run at a lower deficit.


It's an interesting topic, and I may revise my comment once I read the blog fully. As it is lengthy and I want to give it some attention later.

FBaby

That's the problem with these policies. A certain part of society want to punish investors because they are big bad wolves making money of the back of the 'poor'. It's unfortunate that some 'poor' are quite happy to be 'exploited' by the 'rich' medium or long term and will lose out at the same time.

Of course, the alternative will be for them to just raise the rent, so some won't be able to either buy nor rent.

People 'rich' or 'poor' don't like to lose money and considering the pain and risk that comes with being a landlord, with the returns more and more squeezed, some don't see it worth it. Never mind, many of them who've sold off their asset will just have to claim their state pension when they retire rather than having an asset they could live off, leaving the state pension to someone who has a need for it.