ollie plimsolls
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Posts posted by ollie plimsolls
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I'd been thinking the same myself - there's no way the Public sector are going to accept 2% pay rises. Back to what labour do best - get the Country on strike.
from todays FT
Health staff face ‘bitter pill’ on pay
"The British Medical Association has put in evidence that doctors should get “at least” 4 per cent while Karen Jennings, Unison’s head of health, said a 1.5 per cent rise when current inflation was at 3.6 per cent was “a bitter pill health workers will not swallow”.Seems Gordon wants rises kept down to 1.5% now but the unions aren't going to take that lying down so next spring should be interesting.
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Tony and Cherie have more bad luck with their £3.65 million house.
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Having a late night and saw this weeks david smith column and thought it might be of interest to some.
Seems Smith now thinks 5% is to come this year with possibly more to follow.
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King says that in the next six months it's 50/50 3.1% will be breached..
“In the next six months it’s about 50/50,” said Mr King, acknowledging that this would mean he would have to pen a letter to the TreasuryHe says it's more than 50/50 over two years.
And the probability over the next two years, I’d say, was higher than that [50/50], because who knows what might happen,” said Mr King.The Inflation report says an IR increase is needed to stop 2.7% CPI in the short term. Kings testimony gives the impression that 3.1% CPI is more likely than not in the medium term.
So is he saying that we need increases in IR to stop CPI rising but that he is not going to do this and the CPI limit will be passed?
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I have a couple of points I'm not too clear on if anyone could help.
King says inflation could rise to up to 2.7% without a rate rise?
He then says it is odds on that 3.1% will be breached.
How are these two figures squared up?
If a rate rise stops CPI going over 2.7% then what circumstances are needed for 3.1%
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FT article about upside risks to inflation.
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If you look at the top of the page in the photobucket album and click on the "Kalaboushe" link and then on the "Van" link you can see lots of pics of mr kalaboushe and also of the house as he bought it, in 2004 apparently, and how it looked before his "improvements".
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Not seen this posted yet.
For most of the past decade, imported goods have been getting cheaper as low cost manufacturing countries including China have expanded their share of world markets. That trend of declining import prices now seems to be over and import prices are currently pushing inflation.This doesn't bode too well for IR decreases then does it.
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Well all gfromls said was that he was a successful politician and as he has been voted in 3 times now and a politicians primary aim is to be elected then he is very successful.
Can anyone name a modern politician who has achieved more than this.
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Latest warning from the Bank of England-
Quite a few good quotes and warnings of pain to come for the MEW generation.
ollie
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Also on a related topic this one in the FT
Industry faces 90% increase gas prices
Surely these increases are going to have to passed along to the consumer if these companies are to survive.
ollie
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Gas and electricity prices are to increase from March 1st by 22%.
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Just heard on the news that Landrover are cutting 1700 staff out of the 7300 at Solihull.
Sorry no link yet.
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The risky way to get it Together
Northern Rock last week revealed that in 2005 it lent an astonishing £7bn-worth of Together loans to borrowers, the vast majority of whom are likely to be first-time buyers.That figure is all the more remarkable because the estimated total amount lent to first-time buyers by all Britain's banks, building societies and other mortgage lenders last year was around £40bn-£45bn.
So some 15% of all 2005 mortgage lending gave the borrower instant negative equity.
ollie
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What a coincidence the Express writing this story on Monday after I posted this message on Sunday
This contains a link to the actual house details if anyone wants to browse around.
Perhaps the Express are sourcing there stories from this site.
ollie
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Here is a link to the house that Peter Mandelson owns in Hartlepool.
The price now is £219000 and was originally purchased around 92 when Mandy became the local MP for around £52000.
It was offered to his neighbour at the beginning of the year for £300000 but the neighbour declined and was put up for sale for I think £280000 in February 2005.
Since then it has dropped in three lots of £20000 increments and now sits at the above price.
If you look at the pdf and magnify the picture of the front of the house you can see, in the bottom right of the picture, the bomb proof shelter that was built to protect Mr Madelson in the event of a terrorist attack. Sadly this is no longer available.
Hopefully, given his track record, Mr Mandelson no longer has a mortgage to pay on this property.
ollie
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Here's one in my area.
Completed 16/08/04 at £225,000
Came up for sale again around 02/05 for £225,000 or reasonable offers
If it sells at asking price then still several 1000's down with fees, mortgage payments etc without taking into account the couple of grand that was spent after the guy had some teething problems after moving in. Still a nice house though.
I have some more of these if I can be bothered to dig them out.
ollie
Desperate Buyers In London
in House prices and the economy
Posted
The last house in the article didn't do as well though, some 6% down on it's 2004 guide price.