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House Price Crash Forum

NuBrit

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About NuBrit

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  1. There is already a wealth levy. Real inflation is running at about 3%, yet the interest on savings is often as low as 0%.
  2. I think the tax will come through depreciating the currency, rather than directly through income tax. People are going to be a lot more sensitive to tax increases than by allowing inflation to run at 2-3% while keeping rates at 0%. Also, look at the growth of M2, this chart is not recent, but you can be assured the the sharp upward trend extrapolates into the New Year, and likely further into March at very least - https://tradingeconomics.com/united-kingdom/money-supply-m2 Precious metals are up, house prices are up, stocks are up, even sh1tcoin is up. No one wants to be holding Ster
  3. Just got my NS&I December monthly interest payment yesterday of a whooping 10 pence. Closed my account there and then and took my money out. Been looking at the alternatives this morning. For a 1 year fixed period, the best rate offered is 1%, but it's with some Qatari bank and I am definitely not parking my money there for a 1% pittance. I can see why people are piling into Bitcoin, it's often going up by 1%, per day.
  4. Saudi Arabia is a third world country? Silly video.
  5. Had to bring the daughter to the dentist this morning after she cracked a tooth. Dentist said the tooth needs to be surgically extracted and she would need gas and air. Thanks to the situation with Brexit and the lockdown they have a shortage of gas and air with no ETA on when they are getting resupplied, no extraction possible until well into next January.
  6. The market solution is to open up the UK to competition from South American producers. Beef for example can be produced there 60% cheaper than the UK. The masses will get cheaper food, but British producers will not like it.
  7. Yea, we will get a deal, a very, very bare bones Canada-lite deal. The fact that the major sticking point is fisheries tells you all you need to know about where the priorities of this government lay.
  8. It sounds like you have a bit of a chip on your shoulder. I am not surprised you aren't doing as well in your career as you might want to be doing.
  9. If you are budgeting for £8k a year over 5 years, it sounds like you have about £40k savings. That doesn't sound like anywhere near enough to me. If you have low expenses and are forced to economise, I am sure you could survive, but I am not sure what all that scrimping would do to help your mental state. Another thing, if you quit working for five years, there's a high chance you will never work again, especially as a software engineer. I know you say you will keep current, but I don't see that making a difference. If you apply for any role after 5 years off, your CV is likely going to
  10. I cannot possibly see how the economy is healthy. I know of several older fellas who were on furlough have decided to pack work in entirely. These people are in their 50's/60's, they are never working again. I know of lots of younger people who do the god-awful service type work in our country (low-paid retail) who are all living at home earning a fraction of what they earned previously. They are picking up hours when they can get them. Some people are doing well. People in protected industries, or skilled people (like me) are actually net beneficiaries of all this mess. This mi
  11. This is the only bit that registered for me. Please make sure you look after yourself (but not to the detriment of others). All the best.
  12. President-elect Joe Biden is now approaching a lead in the popular vote of 5 million.
  13. The fraud allegations make no sense. To co-ordinate widespread fraud across a huge geographic area where different states all have different electoral systems and separate counting areas is impossible under the current system. Thousands of people would all need to act in concert, and then keep their mouths shut for such a scheme to work. The very notion is impossible in a country the size of the US with so many parties involved in elections. The other alternative is that the Democrats were able to commit fraud in a small number of high impact localised areas. This doesn't stack up either.
  14. The business models of the challenger banks makes no sense whatsoever. I had an account with Number 26 where they offered me £10 to create an account, then another fiver on two separate occasions to "encourage" me to log in and to transfer some money. I took all the free money, transferred it out instantly and only maintain a token £5 balance. They've probably spent £100 to acquire me as a customer, and have some small ongoing overhead to maintain my account.
  15. Maybe it's the other way around? Maybe fisheries is the one area that we can win on, even if it's because we've sacrificed all of our other demands. Boris will gain a pyrrhic victory in getting Brussels to acquiesce on fisheries (0.1% of the economy), even if it means we get locked out of a financial services deal (many, many orders of magnitude in excess of fisheries). Most prime ministers wouldn't even countenance such a deal, but with Boris involved, I am not so sure.
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