Jump to content
House Price Crash Forum


New Members
  • Posts

  • Joined

  • Last visited

Everything posted by SNACR

  1. David was swapped out for Ed when it became apparent that during his spell as Foreign Secretary he had become a lot more polished and would represent a threat to Cameron and the coalition at the next election. It was never intended he would be PM. The UKIP surge has raised the possibility of him becoming PM and I think it is this risk which is behind the current smear campaign.
  2. Luckily there's TV people, to be angry for me, so I don't have to grab the pitchfork myself.
  3. Well, why did they not suppress that story then?
  4. Exactly, establishment mouthpiece in being establishment mouthpiece shocker.
  5. The car owners trying to pretend they're thrilled, when their restored car is revealed, makes that programme a must watch. Normally it's blokes that take a problem solving approach to women's moaning that's unappreciated. In that show it's the other way round and the guy has moaned about not having the time to finish the car project so the wife thinks she's helping getting a TV show in to finish the job properly as a special 'surprise'. On most of the episodes there always seems to be an awkward atmosphere, on the big reveal, you never got with Noel's Christmas Presents.
  6. +1 If cars aren't a passion where keeping an old one on the road is a hobby or you have a liking for a particular make or model I can't see how driving some tired repmobile, right in the danger zone of needing a repair at a cost exceeding the value of the vehicle makes any sense. For not much more than double you can get into something Korean, brand new, with a mega year/mileage warranty that looks respectable and actually seems to come with little in the way of social class stigma attached.
  7. Their meat has always been terrible even the fillet steak is awful. Taste the difference sausages and burgers are about as good as supermarket sold ones get though. M&S is best for meat. Despite it being suggested that everything Waitrose sells is some sort of ambrosia their meat isn't great either and their fresh fruit and veg is actually amongst the worst.
  8. There's the credit card spenders that run up debts they can't afford because 'I'm worth it'. Then there's the thrifty buying secondhand when they could well afford new because they're 'not worth it'* Two sides of the same low self-esteem coin. *This is only talking about those who are relatively well off but thrift excessively (a lot probably won't perceive themselves as being well off though it is the reality). I'm not talking about people that have real budgetary constraints with responsibility for kids and need to watch their spending.
  9. I really think it might be the case that bank staff looked at them a bit funny when they took their loans out. It's clear to me that bank staff looking at people a bit funny could clearly make them sign up to things they can't afford and that's a form of egregious mis-selling.. Therefore, given the news the over-indebted are struggling, I think urgent action is needed to make taxpayer funded banks pay compensation to anyone that was looked at a bit funny. In fact I think we need call centres, stuffed full of youths who'd otherwise be unemployed, to call people up and ask them if they were ever looked at a bit funny by bank staff to make sure they claim this compensation.
  10. No I think this is really more akin to a trade war with tax authorities deciding it's better to have a bit of revenue than it all go to Luxembourg.
  11. Times change. Probably only ten years ago this sort of 'banks create money' talk would have just been dismissed as olympic-level conspiraloonery.
  12. The realisation would have to dawn that no-one under the age of 40 watches their news and current affairs output.
  13. This is a big subject and I will try to avoid going off on tangents. Firstly ebay fees in themselves are interesting, as far as vat is concerned, as credit card fees, for example, attract no vat. There is an interesting ongoing wrangle between HMRC and travel agents who historically passed credit card surcharges directly on to customers without vat. HMRC are claiming (also retroactively) they should. The classic example being postage had no vat but mail order businesses had to still add vat to customers - postage to businesses now has vat on although I believe Joe Public at the PO counter still gets vat free prices. It has been the case for a while that anyone selling into the UK/EU from outside the EU was supposed to register for vat immediately (google netp if you want more details) but only had to do so in one EU country hence the stampede to Luxembourg where vat is 15%. Despite their rep all the big players like ebay and Amazon complied with this. Frankly, there must be thousands of other companies from HK, China etc. that did not comply and it's totally unclear how the EU could have enforced this or compelled them to comply. Now this has all changed again. Edit to add: Having read that link this isn't quite what I thought it was but I did spot this very interesting and potentially jaw-dropping snippet from HMRC: This would imply that on an ebay/Amazon transaction it is in fact they who are responsible for the vat on the transaction and that they should obtain a vat invoice, made out to them, from their sellers prior to handing funds over. To be honest the more I think about it the more this is obviously what should always have been the case. Did marketplaces somehow wrangle some, I would say legally very unsound, exemption. Under the circumstances, historically all the vat on ebay and Amazon sales should have been going to the Luxembourg exchequer in that case. HMRC might claim they've lost revenue from unregistered sellers but was the money really theirs anyway, in the first place? This would make it massively disadvantageous for them, as like with my example above where postage historically had no vat, a registered business had to charge vat to a customer where an unregistered one could pass postage costs on vat free. In theory ebay/Amazon should have been charging vat on all their sales regardless of whether the person they were getting to fulfil it was vat registered or not.
  14. If you're a young person in London, in a flatshare, whose two most expensive possessions are a laptop and a pushbike, if you're also self-employed, why bother paying tax? Not many seem to have realised but unless you own an expensive car outright or have equity in a property the government has no carrot to incentivise or stick to beat them with. It does seem to be getting to the very limits of what people, who get nothing out of the system, can be compelled to put in.
  15. I really don't get these letters. What's the idea? You get it and think, wait a minute, this house I've been living in is nothing but a burden, I should just sell it and live in my car?
  16. Think I might have a heart attack and die of not surprised, if there is though.
  17. Yes, but it's harder to determine which suppliers proactively jumped into bed with the supermarkets, to the expense of their other distribution channels and which were, supposedly, forced too due to the damage the supermarkets were doing to their existing distribution channels.
  18. Sainsbury's did a deal with M&S to take half their space at the Colney/St Albans retail park just off the M25 north side. It was previously their failed Savacentre hypermarket concept that included clothing, electricals and Homebase stuff. There was another prominent one at Sheffield Meadowhall which I think they closed altogether. Within a very short space of time from finally closing that chapter, ironically, they were building store extensions, all over the place, in order to closely recreate the exact same thing. Next are the obvious choice of partner to take a chunk of non-food space at Sainsburys. Never really understood quite who would want to buy their stuff but they have a good online team and although they share everyone's problem of being tied into expensive locations, that business has shifted from, they do seem to be in a relative position of strength.
  19. If there is a sudden rush to the exit I have always thought BTL presents an enormous vicious circle scenario with landlords having a fire sale to first time buyers who then move out of their rented and leave another landlord with a void. All exacerbated by the fact the majority of BTLs are FTB type properties.
  20. I've had established stores suddenly go nuts to at absolute most 3x existing turnover in a 12 month timeframe. That would be isolated, not right across the estate, as the media narrative is suggesting with the german discounters. The myriad infrastructure headaches even 3x brings are immense. Firstly, most of the staff leave as it's exceptionally rare they are capable of upping their game to cope so they jump ship to something more sedate. Then you have the delivery and replenishment logistics and the many unforeseen things like there suddenly being so much cash it no longer fits in the safe and tough decisions to make on whether to plunder inventory earmarked for other stores to feed the monster. £50k a week to start from would seem low - that would have been viewed a mid-performing mid-sized town High st Somerfield type store. A large top-performing Tesco/Sainsbury that is the dominant food retailer in a largish town with 5+ times the floor space of a german discounter with no non-food to speak of but full range of booze, fags, lottery terminal and scratchcards, newspapers&magazines, postage stamps, phone top-ups would probably be around £1m per week. It wouldn't seem plausible an Aldi could get to over a third of the turnover of one of those.
  21. They're both stuffed, With supermarkets, the money is always in them deciding to stock the product for a lot of lines the first order, to initally fill the shelves will be the biggest they ever placed. I think the days are numbered for all this unnecessary inventory sat on shelves around the country. A lot of the products don't have a massive market UK wide (many sub £5m) yet well in excess of that value will be warming supermarket shelves. For instance, Poundland eclipses Tescos for battery sales. Suppliers do have a weird attitude to Tesco though, I think they've seen the stellar numbers they did on some products and fantasised it could be the same with theirs. I have confronted them plenty of times about some deal they've done with Tesco only for them to admit, that even with the deal my annual spend was more than Tescos and then say something like 'well it's Tesco, we had to offer them a good deal'. Ultimately, it's in no small part just a tale of, for the umpteenth time, despite appearing viable in the US and Northern France the hypermarket model does just not work in the UK. It had a better run this time thanks to the chinese manufacturing miracle and easy credit but nevertheless ended the same.
  22. Ok, I'm sure he'll be pleased to hear I'II retract the knob-end bit. In fairness he has got a much better handle on the sector than a lot of media renta-gobs. In short summary though I think he overstates the poor farmer and poor suppliers angle. I'm really not sure 50,000 sqft+ hangar sized stores on town outskirts, with a huge energy bill, only practical to access by car are going to remain the lynch pin of food distribution in a connected economy.
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.