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Everything posted by cbathpc
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God forbid people every work.
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We have become a nation of debt junkies living on the edge
cbathpc replied to Gurgle's topic in House prices and the economy
£45k will barely pay for childcare and rent/mortgage in most of the country. A lot of people here sadly fall into the boomer category and have no idea of the costs people under the age of 40 face. 45k will net you £2,557.26 pcm after your student loan and 5% pension has been taken out. If you have one kid under 5 and need childcare, you're looking at £1000pcm. Average rent price is £1100pcm. The idea its cars on PCP and avocados is nonsense. The tories have made work not pay. The alternative is a party who will make work not pay even more. The economy is ******ed and there is no way out -
We could have a tough winter where we heat public places and encourage people to spend time there, and offer a minimum level of support. Probably do it for under 10 billion and then use the remaining 150 billion to make sure we're never in this situation ever again. This is one of the most stupid policies ever, I don't believe its real. It's worse than eat out to help out
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Yes. It doesn't require a genius to understand what is causing high inflation. We shuttered factories, reduced efficiencies and added barriers to production, trade, etc over the past 2 years with Brexit and Covid. Meanwhile we increase the monetary supply. How could these two things not cause inflation? The war in Ukraine is just the cherry on top.
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Merry Christmas - for the next several years
cbathpc replied to Nomadd's topic in House prices and the economy
Lets hope the direct support to pay everyones bills is sustainable for 5 years then. 100 billion a year * 5? What could go wrong. -
Does this tie nicely to Macron's the end of abundance line? How can this situation possibly carry on.. Is the tax payer supposed to heat 6 million homes at £600 pcm? Doesn't seem possible to me
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Starting to get a bit bored with all this doom and gloom
cbathpc replied to reddog's topic in House prices and the economy
This is the part I struggle with, with all of these bailout schemes being suggested. What if energy prices stay high for 5 years, 10 years etc? We've no guarantee they'll come back down. Seems suicidal to spend all that money hoping its temporary.. we need to spend the money making sure we're never in this position again. Then again, we saw what happened with covid, we spent hundreds of billions on everything EXCEPT for making people healthier, so god knows what they'll do. -
The new price cap feels like its doable, people will have to make sacrifices, have the heating on less etc but its not totally unaffordable for people who work + rich pensioners. If you've been on bennies for longer than 6 months imo you should be getting 0 help beyond get a job, times up on life on benefits being a lifestyle. However, the 6k cap that is being muted is just too much, perhaps the gov think (or hope) that the Russia conflict will have reached some conclusion by then, or they'll at least turn the gas back on?
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https://combrotechnology.com/products/lenovo-thinkpad-x280-i5-8th-gen-16gb-256gb-ssd?variant=40304688889996¤cy=GBP&utm_medium=product_sync&utm_source=google&utm_content=sag_organic&utm_campaign=sag_organic&gclid=CjwKCAjw3qGYBhBSEiwAcnTRLpQ_I2uynksjT5wWIoT-1gktdp6GHuh4eN_f7TpuvNFcctAop6agVBoCZ0wQAvD_BwE He can have his heating on for 30 minutes with the change
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Citi: 6-7% rates will be required
cbathpc replied to henry the king's topic in House prices and the economy
If the gov does nothing on energy prices, won't that have the same effect as raising interest rates? Demand will be destroyed by that alone, raising interest rates ontop of that isn't just demand destruction its cratering the entire economy. -
The article as always leaves out so many details. 'Gemma' has had the mortgage for 17 years, yet has been unable to remortgage? How much capital does she have in the house if she has been paying a mortgage for 17 years? It makes no sense that she is unable to remortgage else where. If she is on interest only give the keys back and cut your losses.
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The penny has finally dropped at mumsnet
cbathpc replied to Frugal Git's topic in House prices and the economy
That whole thread is infuriating. I don't think anyone is suggesting poor people shouldn't have anything nice, but perhaps they shouldn't have 5 bedroom houses that most working people could only dream of? -
Imagine the scenes if
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They're almost certainly going to do the same with energy bills. Free money for everyone..wait why does this sandwhich cost £20?
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I agree with both of your points, it just seems like taxing the rich will never happen. Because lets face it, a lot of the rich are actually an 80 year old woman sat in a 4 bed in London. Taxing her would be making her move, and both sides of the media will crush the government if they ever make someone over the age of 60 live within their means
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I have a mortgage of 260kish with two sub accounts. Refixed one of the sub accounts on Friday and got 3.35% for five years, this is at 60% LTV. It could go up or down but i'm comfortable with that over the next 5 years. It has increased payment around £50 pcm. Owch!