Take Me Back To London!
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Posts posted by Take Me Back To London!
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On 15/04/2020 at 16:48, “Nasty Piece of work” said:
By default, I hear BBC R4 for roughly 8 hours a day. I imagine it is close to waterboarding. The BBC supports the Establishment, and everyday it sees how far it’s tongue can go up it’s back passage.
You do well to resist the broadcasts of the Ministry of Truth, I salute you Sir! I can only manage half an hour max of Radio 4 or Radio 5 Live and not again for at least another 6 months.
I agree 100% about what you say about the BBC supporting the Establishment.
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5 minutes ago, dugsbody said:
Are you ok with taking a 20% pay cut so that fruit pickers can get paid more relative to your own salary?
Instead of taking a 20% salary cut, what about paying more for fruit, offset by paying less for housing. Fruit pickers get a pay rise and landlords, property speculators and banksters get a pay cut.
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On 15/04/2020 at 10:13, scottbeard said:
I'm struggling to see how a temporary 35% decline in GDP, coupled with 20% falls in stockmarkets, is making the mega-rich richer?
One example, the richest man in the world got more richer.
https://www.theguardian.com/technology/2020/apr/15/amazon-jeff-bezos-gains-24bn-coronavirus-pandemic
QuoteThe Amazon CEO and entrepreneur, Jeff Bezos, has grown his vast fortune by a further $24bn so far during the coronavirus pandemic, a roughly 20% increase over the last four months to $138b.
Bezos owns an 11% stake in the company and has been the world’s richest person since 2017.
A surge in demand has driven the business to near peak holiday season levels, with households on virtual lockdown and many millions staying indoors. Amazon’s share price rose by 5.3% to reach a record high on Tuesday.
As the US’s coronavirus outbreak first spread, Bezos saved himself from larger losses by selling a large portion of his shares. He then benefited from the best three-day stock market rally since 1933. The late rally helped Amazon’s share price to recover almost all of its losses in March.
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1 hour ago, Locke said:
What has happened to journalism?
These people are like religious nuts. Either the economists are correct, or they are incorrect. What would an extreme mathematician look like?
I am in agreement with you on that about journalists using such cheap labels to tar someone and their opinion. The quoted £150 million costing the HMRC by BTL tax evasion, I would say is one tenth of the real figure (£1.5 billion), so that would make me more extreme than the extremist economists.?
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Just now, Confusion of VIs said:
Could be costing £150m pa?
If that's anything like true it's peanuts as far as the HMRC are concerned.
The £150 million is a joke figure.
The article did put forward other larger estimates of tax undeclared by landlords.
QuoteA 2014 study by the Institute of Public Policy Research came up with a number of £180m for London alone and one of the UK’s more extreme economists has put the national sum at £1bn.
https://www.ft.com/content/9efa9f2a-833a-11e7-a4ce-15b2513cb3ff
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2 hours ago, crumblingcon said:
That's a great analogy about the spinning wheel of fortune, but all the numbers are going to start with a minus, it's just a case of how big that minus will be. I suspect we could be coming out of lockdown with 6 weeks, and I know for a fact that my business as good as my customer base is will no way bounce back in the V shape many are praying for. I am expecting a trickle return with a few phone calls before the eve of the first day back in business. I am also going to double my advertising along with starting to fire on all cyclinders rather then the 3 I had been running on, and I will see myself getting back to 60-75% in a few months of where I was pre virus as a victory, and I cannot wait for the challenge in this new world.
What you say about the minus numbers is very well said.
I do hope the UK lockdown is lifted in 6 weeks. The lockdown treatment, looking at Wuhan and what France and Italy are heading for, is around 2 months, given in 3 week doses to make it more palatable. I do wish you the very best on getting your business back up and running and I am impressed by your positive action plan and attitude.
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5 hours ago, msi said:
Pretty sure HMRC have bulk access to Land Registry and Rightmove / Open rent. Cross referencing these against Tax Returns must be like shooting fish in a barrel.
If anyone from HMRC is reading and doesn't have this, I'll do it gratis.
Opinion MortgagesTax-dodging landlords find the net is closing
Buy-to-let evasion could be costing the Treasury £150m, but HMRC is fighting backMerryn Somerset Webb
August 18 2017
The third was all about data. Since 2011, HMRC has been using a computer system called Connect to catch tax dodgers by sifting through huge amounts of seemingly unrelated data (bank and PayPal accounts, credit card data, property transactions, company ownership records and names and addresses from Airbnb, for example). In something of a first for a government computer system, this works pretty well. The last consultation was about extending HMRC’s data-gathering powers to money services businesses (currency exchange and the like).
The full article here.https://www.ft.com/content/9efa9f2a-833a-11e7-a4ce-15b2513cb3ff
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1 hour ago, crumblingcon said:
It's a massive shame that all the property prices indicies are now closed until further notice, we have no indicator of what's going to happen. Most of the public will be clinging to a fairytale that we can just bounce back from this in a few months like nothing has happened, the last nail in the coffin now is lost sentiment and that will not be apparent until the EA's and mortgage providers open their doors and show the disaster that is heading their way
I agree what you say about the fairytale and that things are not going to pick up from where they left off. It is like waiting to see where the spinning HPC wheel of fortune or misfortune stops. I would suspect the market is going to be inactive until at least September, as people are not going to be rushing back. With people having experienced the tedium of the lockdown, continued social distancing on the cards, the prospect of a possible second wave lockdown or who knows what in the future, the idea of living in a small city flat loses some of its appeal and I can see those sorts of properties get priced down far more.
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On 14/04/2020 at 13:29, simon2 said:
There are some properties which are ripe for a correction I think.
Outer London suburbs with poor/no town centres and bad transport links. Some of the price rises have overshot way past.
South East suburbs with poor/no town centres and expensive transport links. These prices held up by people that were priced out of the first category, but with prices falling they will become seemingly better value.
There are some Northern areas as well where pricing makes no real sense, but no in the same vast swarthes as the South.
In a proper correction prices should shoot under but I can see the Government bringing in some more props to avert the worst.
Yes, as you suggest the dross in the property market is ripe for a correction. In the last Great Property Crash of 30 years ago everything went down big time, but properties with downsides next to railway lines, busy roads, over kebab shops, ex-local authority etc. went down more in percentage terms compared to good quality properties in good areas.
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On 11/04/2020 at 12:32, Silverfinger said:
Me to. Reasonably good actor, but no real movie material.
He is certainly no Gert Fröbe.
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54 minutes ago, crumblingcon said:
I am starting to get the impression that a vaccine might never be found, just like there isn't one for the common cold. yet they put it out there that it is 100% going to be found within 2 years. I am also getting the impression we might not be dealing with the aftermath of covid 19 but living with it's forever presence
Just like the state of emergency because of unending terrorism/War on Terror there will be changes in society which never roll back.
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On 31/03/2020 at 13:47, Pebbles said:
Indeed china should have been shutdown immediately Trump was right instead the guardian was focussing on the 'raycist innit' because a few people had bad experiences after they returned from visiting family in china post Chinese new year. Absolutely missing the important point from the trump bashers yet again.
Yes, they were bashing Trump for being a greasy racist now they bash him for not acting soon enough. Trump has now stopped funding to the corrupt globalist WHO, which is the best thing he has done and Bill Gates the second biggest payer will have to pay more.
QuoteThe second largest contributor to the WHO budget is not even a nation state, but rather is the Bill and Melinda Gates Foundation. The organization accounts for roughly 10 percent of the WHO's funding at around $531 million. Third is the GAVI vaccine alliance, also supported by the Gates, which contributes more than $370 million
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On 09/04/2020 at 20:55, Silverfinger said:
Anyhow, got to go. But THIS IS IT:
- Globalization = chiuso.
- HPI = chiuso.
- Yellow shiny = only game in town.
G0ldfinger out.
The grey shiny stuff at a G/S ratio of 111 is it chiuso, aperto or prossima apertura?
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11 hours ago, debtlessmanc said:
https://www.bbc.co.uk/news/health-51979654
interesting article, there are 600k deaths an average year in the uk, the report from IC suggested that the uk might suffer 250k Deaths from corona virus. As the report points that is not additional deaths, those two groups will intersect.Another report in a serious mainstream Italian newspaper about why the high mortality rate in Italy, which adds to what the Chinese were saying and the Spanish about multiple strains. The Italians are finding that they have an aggressive strain.
QuoteCoronavirus, Pregliasco: "Ecco cosa c’è dietro l'alta mortalità" Coronavirus, Pregliasco: "Here's what's behind the high mortality"
ITALIAN
Secondo Maria Rita Gismondo, direttrice del Laboratorio di microbiologia clinica, virologia e diagnostica delle bioemergenze dell’Ospedale Sacco di Milano, il Covid-19 "potrebbe essere mutato". "Sta succedendo qualcosa di strano - ha dichiarato Gismondo all'AdnKronos -. In Lombardia c’è un'aggressività che non si spiega. Le ipotesi possono essere tutte valide, una è che il virus sia forse mutato".
GOOGLE TRANSLATION
According to Maria Rita Gismondo, director of the Laboratory of clinical microbiology, virology and diagnostics of the bio-emergencies of the Sacco Hospital in Milan, Covid-19 "could have changed". "Something strange is going on - said Gismondo to AdnKronos -. In Lombardy there is an aggression that cannot be explained. The hypotheses can all be valid, one is that the virus may have mutated".
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8 hours ago, slawek said:
There is no way we are going to avoid the Italy scenario or something much worse. His only chance is other countries will suffer like us.
Sadly, I agree.
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9 hours ago, Peter Hun said:
For about the fith time, that is not true. Corona virus came via Munich, Germany when Italians went to a meeting where there was a Chinese person.
I appreciate your situation updates, but to say Italy's national disaster was caused by one meeting in Germany which had one Chinese person present is ridiculous.
Italy and the very wealthy and industrial area of Wuhan, China have very, very close business ties and there are great numbers of Chinese travelling, living and doing business in the parts heavily effected by Corona in Italy. In January and February alone tens of thousands of Chinese students were coming into the Italy to study at universities and private schools, as they do every year, on top of all the Chinese coming and going, when it was all kicking off in China, not to mention in December when the Chinese where keeping the outbreak concealed from the world. There are many factories in Italy owned by Chinese, where only Chinese work and the locals don't get a look in for work. Where once it was rich Americans swanking in Venice and doing business in Milan it has for the last 15 years been the Chinese.
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1 hour ago, GreenDevil said:
I think Italy are doing the same as the UK (I may be wrong). Only testing the most serious cases who need hospitalisation. The dead to recovered ratio is running at 50% which indicates this might be the case. Half survive, half go on the ventilator and die.
The only difference I know of is the Italian authorities stated they would only report those who were showing Coronavirus symptoms and those who tested positive, but with no symptoms (asymptomatic) don't get reported, which I believe is different from other countries and the NHS. There is a scandal in Italy about 300,000 illegal Chinese workers in the black economy, working in factories etc. and that has caused Italy to be a Coronavirus hot spot. With Chinese coming and returning from China and Wuhan directly or via indirect flights in January and February.
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5 minutes ago, Peter Hun said:
There is no such thing.
https://news.cgtn.com/news/2020-03-04/Study-Novel-coronavirus-has-mutated-OAxnhptARi/index.html
Chinese study: Novel coronavirus has evolved into two major subtypes
The novel coronavirus, which has caused the widespread epidemic COVID-19 since late December 2019, has evolved into two major subtypes, a Chinese study has revealed.
To detect whether the virus, named SARS-CoV-2, has mutated, a group of Chinese researchers conducted population genetic analyses of 103 publicly available genomes of the virus, and found that it had evolved into two major subtypes (designated L and S), with differentiated infectivity.The study, titled On the origin and continuing evolution of SARS-CoV-2, was published on the National Science Review of the Chinese Academy of Sciences (CAS) on Tuesday (March 3).
The understanding of different subtypes of SARS-CoV-2 will help promote differentiated and more efficient treatment of the disease. And the study also provides novel insights into tracing the intermediate natural host of SARS-CoV-2, according to the authors.Below are the major findings of the study：
The S type was ancestral, and the L type evolved from S type.
The L type (about 70 percent) was more prevalent than the S type (about 30 percent).Human intervention may have placed more severe selective pressure on the L type, which might be more aggressive and spread more quickly than the S type.
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7 minutes ago, mattyboy1973 said:
Is that really a working theory at the moment? I didn't think they had trouble getting people on to ventilators in Italy, just getting them off. That said, there is obviously an interesting story here as to why the huge difference in mortality - it could be just a time issue, as Germany picked up a little later. Mortality rate is actually rising somewhat in S Korea now as critical cases don't make it. They were looking good on that front for a while - although they are still better than Italy by a long way. Hopefully at least part of Italy's rate can be explained by lack of testing because it is horrendous currently at nearly 10%.
It is due to the SARS-CoV-2 strain generally circulating in Italy is more lethal.
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2 minutes ago, Ghostly said:
I would be interested in some calculations on how citizens income could be funded. They’d have to let the housing market collapse and fund a massive council house building program so people could afford shelter.
There are plenty of empty new builds in London or could be completed and go over to the councils.
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6 minutes ago, Gigantic Purple Slug said:
Heard somewhere that Netflix is reducing streaming resolution in Europe. Can't remember where.
You are correct what you heard and YouTube is doing the same.
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30 minutes ago, Peter Hun said:
A complete failure to manage the situation will now mean we have NHS overload in days.
Aged 60+ has already been suggested as the cut off point.
A very poignant post. It is an absolute disaster.
The situation is still getting worse in Italy, even with all their stringent controls, it is going take another week to gain the upper hand. The UK is so behind in working to smash down the uptrend, which is going up like hockey stick. I am just gutted to read all this bad news.
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This is concerning, so early on.
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- DAVID CHILD
- 8 minutes ago
London hospital Northwick Park has declared a "critical incident" due to a surge in the number of coronavirus patients.
The facility in Harrow said in a message to staff that its critical care capacity is full and that it is now seeking to transfer seriously ill patients to other hospitals in the capital.
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2 minutes ago, Ghostly said:
The inquiries are going to be quite something.
But it needs to go beyond just the political frontmen.
Will Corona virus cause a house price crash?
in House prices and the economy
Posted
12fixer, thank you for posting the video.
How can the government save the speculative housing market this time, when you add to death, destitution and divorce - wide spread unemployment across the board from the shop assistant to higher management as businesses are folding never to open again, a probable prolonged economic depression and the border closed due to ongoing bouts of mutated virus infections to wealthy Chinese, Russians and Arabs buying up the high end of the market to prop up prices. Repossessions will return a lot of property back to pre 2000 prices.