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About NuBrit

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  1. Vauxhall Help to Buy

    I do not really understand the hate for Vauxhall cars. When I first moved to the UK, my first car was the most basic model Corsa you could get. Coming from the US, it was a real culture shock to drive something that had about half the power of similar basic models that you would get in the US. Despite that, I found nothing objectionable about it. Sure it was under powered and made out of a lot of plastic, but it did the job. It was cheap to buy, easy on petrol, cost little to tax and insure, tyres/repairs were reasonable, certainly much more so than what I had been used to in America. If I didn't have a family and a fairly sizeable commute to work, I would have no problem owning another Corsa.
  2. Rent for sex Ellie undercover

    You're pissing against the wind here, a little bit of misogyny is nothing in the grand scheme of the sort of sentiment that can be expressed around here.
  3. Ashley will be fine, he is worth billions. Total market cap of Debenhams is only £350m, and it's been reported that he owns over a quarter of it - so about £100m worth. If it went to zero tomorrow, he'd still be golden.
  4. save our high streets

    I have a friend who managed a local independent electronics shop. The man was just an oracle of information, you would go in, tell him what you wanted, and he would be able to help choose whatever it was you needed and give it to you at a decent price. His margin he said quite openly over the internet prices was about 10%. For the expertise, the ability to go into the store and see the product, etc - I thought that was a reasonable amount of value add. I would have bought a few bits and pieces from him, but needless to say, customers didn't see it that way. They would go in with an idea of what they wanted, pick his brain, then walk out the door and order the product he recommended online. He said what annoyed him most was when people would throw out terms like "daylight robbery" for the shops prices. No one involved in that shop was profiteering or driving a beamer. The shop is closed for over 2 years now. That is the dilemma for bricks and mortar retailers in all this. You can provide decent value and quality service, but even then it's not worth it.
  5. Hey Prezzo

    It kind of does though. Remember just after the Brexit vote, the BOE reduced rates and flung a whole pile of liquidity into the market? The economy bounced, house prices soared, and many of the talking heads said Brexit was actually good for the economy. I remember saying it at the time, but the BOE shot its load way too soon. They should have been saving their ammo from when we actually left the EU and the economy was in trouble. Wouldn't it be kind of funny if it turned out that the BOE actually got things spectacularly wrong yet again? If reducing rates in 2016 was the wrong thing to do, inflating the housing bubble when it might otherwise have deflated itself. What if the BOE are now in the position that they have to raise rates in 2018, precisely at the wrong time for the economy? The economy continues to weaken, and we take a hit on top of that due to Brexit, but inflation remains relatively high at 3%. In the situation of rising inflation (especially at the 3% mark) - the BOE simply have to act, even if it means tanking the economy, inflating the boom, but exacerbating the bust? These are the smartest people in the room, surely they have not got it so wrong....
  6. I have maxed out a credit card with similar terms. All the proceeds are invested into kids savings accounts with rates from 3.5% to 4.5%. The balance of the card is due in 5 months before it accrues interest. I will be paying the lot of before then. I will then cancel the card then take out a new credit and repeat the same thing. I was trying to find the catch, but I haven't been able to do so. I have not a single fee or interest payment to virgin in the entire time.
  7. Inflation is at 3%, the economy is at close to full employment (I know tax credits distort this slightly). There really is no choice but to hike rates.
  8. How Long...

    This thread is way too bullish with the option choices. I think the Greater London area is already in decline, and the regions will follow shortly after.
  9. If you have a small house on a large plot, it's very often a no-brainer to extend, particularly if you are in a desirable area.
  10. Don't really understand why people are being so precious about the greenbelt. Young people are being shafted, totally priced out of buying while also having to pay extortionate rents. Who gives a stuff about their quality of life, just as long as a few boomers get to look out of their kitchen so they can see green fields, right?
  11. I have had the feelers out to certain people I know in the property industry, they are all telling me activity is dead. January isn't usually prime selling season, but usually you get a little bump mid-way through the month as nothing happens over Christmas and you get some pent up demand from buyers and sellers. No such bump this month. In my opinion, when you look at mortgage approvals at a 5 year low, prices of hard to sell 1 bedroom properties in London actually being reduced, and the prospect of higher rates and lower term funding for banks; at very best I see property prices remaining static for the year. At best (or worse depending on your circumstance), I think we could end see a 10% decline for the year. This all feels very much like 2007, although a little different this time. I think the big banks have been relatively conservative, so they should be fine. What I worry about more is the alternative/challenger lending sector. These are the guys who took up the slack of lending to the risky areas of the market that the big banks have withdrawn from.
  12. £1200 to list in the greater London area. £900 elsewhere. Competitors will do the exact same thing for cheaper.
  13. Currency markets make no sense to me. I would have thought with the Fed reducing the size of their balance sheet and signalling further interest rates rises, that we would see a shortage of Dollars which would lead to it strengthening.
  14. Carillion in Crisis

    These numbers are even worse than anyone feared.
  15. Carillion in Crisis

    I am surprised no one has gotten to the real root of the problems at Carillion. They were never the model of corporate efficiency, so there's clearly something more than sub-contractors doing some small scale gouging on fees going on here. For a start, £470M worth of work that Carillion performed in the Middle East last year was written off completely. This has nothing to do with underbidding. It's simply a case that the company accepted the contract, performed years of work, but didn't receive a penny for that work. The question is how can management have allowed the situation in the Middle East to deteriorate so badly? What happened in the Middle East was breathtaking incompetence, or something more sinister that went to the very top.