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Everything posted by msi

  1. Isn't that standard practice - even if not formally declared? Not good for business kicking people out in December - IIRC the same is true for planned redundancies
  2. Tesco staves off Christmas strike action with above-inflation pay rises Widespread wage increases is the only trigger the BoE will act on. So far this in in highly unionised areas - the question is how long before it filters out to the wider job market, especially with unemployment so slow.
  3. Bumping this with this gem IMF tells UK to be ready to redeploy furlough if 'widespread' closures needed to tackle pandemic IMF wants UK to raise rates AND have Furlough?? COVID-19: Jobless rate falls amid further evidence of soft landing when furlough scheme ended Wow, what you know State intervention can work
  4. I try to apply thought and welcome opposing views that can analyse my point instead of spout soundbites - but I suppose that makes me the LeFtY wOkE LiBtArD to some here
  5. We all win when Businesses share their wins and not hive it off to a Tax Haven - that is standard Labour redistribution. Blair's '3rd Way' was more radical - effectively ToryLite (PPP became PFI, Benefits became Tax Credits, redistribution became light touch regulation)
  6. I think he came in as an acceptable (Blairite?) alternative to Corbyn - establishment player from his days as DPP, but also acceptable socialist (named after Kier Hardie, innit). Unfortunately he has no political Nous (and doesn't politically play on that either), so no one really knows what his Labour stands for. This is the problem for Labour (and the gift for the Tories); Until they agree what it means to be Labour, the Tories will play every message to every person under TINA. Despite the wailing from the Rabid Right and their chums in the the press, I think there is a genuine desire for a 'Social' Party - letting people decide when they can look after themselves and when they want to band together via the State. People want to help the less fortunate. People want transparency that what they contribute goes to what was intended.
  7. These are the people that make the rules up for the game....
  8. No one voted BoJo to support the man, we agree there, he was simply the most popular candidate to suck votes away from UKIP and Labour discontents - something, to be fair, he did spectacularly with crushing the red wall and 'GetTiNg Br*xIt DoNE'. 1922 are no longer cowed by him (and there is an argument to say if they ever were) and are acting as a lightning rod to capture fear - similarly after Howe and Thatcher. The result was Thatcher had to deal with big stalking horses and could no longer corral her MPs. BoJo doesn't have that threat...yet. On a side note, for all the Labour bashers screaming about the dangers of momentum...they seem awfully quiet with the pain that 1922 can inflict. It isn't a simple group of MPs, it is the repository of the Tory Fringe and all their nutcases just looking to see when they can push their agenda onto Government.
  9. You may want to look at the renting threads to see how accurate that statement is in real life
  10. UK financial system strong enough to withstand even cataclysmic recession - Bank of England The Bank said that even if there were a recession involving a rise in the unemployment rate to 12% and a house price crash of 33%, UK banks would not see their levels of capital drop to dangerous levels. The Bank said it would raise the capital requirements for UK banks - a metric of the strength of their balance sheets - next year. The Bank announced that it was planning to consult on withdrawing its mortgage affordability tests - tests which have made it tougher for many prospective homebuyers to get on to the housing ladder - but that this would potentially not happen until next year. If you want to relax affordability tests and think banks can hack a 33% HPC, then why are you raising the capital requirements?
  11. True. Thatcher wasn't defeated by Portillo, Heseltine, or even the Poll Tax rioters - it was the savaging by Geoffrey Howe that voiced the discontent of her Backbenchers. BoJo has a large number of Red Wall Tories now looking over their shoulders - it only takes a half competent Labour to trigger re-election nerves and the whispers of 'new blood' for the Leadership. Thursdays by-election will be a reckoning.
  12. George Osborne tried the same, and single handedly increased the national debt by almost 50%
  13. Before going to 50yr mortgages, perhaps Banks should focus on some basics... NatWest fined £265m for failing to stop 'drugs gang' laundering bin bags stuffed with cash through branches
  14. Multi Generational mortgages - how will that affect the 'right to die' lot - no keep Granny alive as I can't afford her mortgage...??
  15. What's the difference between a 50yr mortgage and renting for life? You really think you will own anything?
  16. Binance abandons plans for Singapore crypto platform Binance will close its Singapore cryptocurrency trading platform after clashing with regulators in the city-state earlier this year, marking the latest blow to the exchange’s efforts to establish operations in a major financial centre.
  17. The Tories are squeezing TfL and setting Sadiq up to take the blame - either he raises charges to cover or be the front man to apply Tory cuts
  18. ...and their ToryFanBoyz loons cheering them on. Licking the boot that stamps on their face as they scream ItS aLl tHe ImMiGraNts AnD wOkE LiBtArDs
  19. On the face of it, this isn't much news. The issue is we have no market and no price discovery as @Freki has said. No one being forced to sell, but folks being forced / pressured to buy so prices are artificially bullish. How long people can live off Furlough / WFH savings ?
  20. Just think how low the 'average' intelligence level is in the UK population... Then realise that 50% of the UK is below that
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