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MrXxx

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Posts posted by MrXxx

  1. So the UCU has agreed for their members to contribute an additional 10% to their pensions whilst the employers agree to contribute an additional 7%...I assume this 7% will come from the savings they made from their 14 year `pension holiday` that was partly responsible for the deficit?...If this wasn't bad enough, they also agreed to drop the DB ceiling from £55K down to £45K. So in effect they have agreed a salary and pension cut in one agreement!...now I know why people don't join the union!

  2. So the UCU has agreed for their members to contribute an additional 10% to their pensions whilst the employers agree to contribute an additional 7%...I assume this 7% will come from the savings they made from their 14 year `pension holiday` that was partly responsible for the deficit?...If this wasn't bad enough, they also agreed to drop the DB ceiling from £55K down to £45K. So in effect they have agreed a salary and pension cut in one agreement!...now I know why people don't join the union!

  3. Interesting that you posted Danny, as I have followed from the beginning and was going to summarize and ask others to confirm that I have understood correctly. So here goes:

    1.Companies are overleveraged with debt, their cash flow that services this is drying up AND interest rates are starting to rise (a double whammy), and so they fail...this is the deflation.

    2. Next we will have reinflation where CB will QE to provide stimulus, but this time the money will go on infrastructure projects rather than propping up economy/banks via cheap credit.

    3. This will then create inflation as the extra money "produced" by the CB means a £ as it was before is no longer worth the same (as there are twice as many £s in the system).

    4. The suggestion/reason  be in cash rather than equities in the short to mid term is twofold, one you don't know who is going to fail in equities, and two once equities have dropped you can buy the survivors, with asset rich/essentials for infrastructure/non~consumer being the best option as they will be stimulated by the new CB spending.

    5. The $ treasuries are suggested as one, a hedge against the £ due to the $ still being the fiat used for international purchasing and so maintaining its strength over the £, AND treasuries over cash as they are more secure I.e the USA unlike your bank would never default.

     

    Have I got this right DB?...anything I have missed?

  4. Ok, following from vengers 7 of 10 homeowners are without debt quote above, if this is the case doesn't this make it an easy decision for the "powers that be" to crash the housing market sooner rather than later, thus "winning" the majority of the householders votes and those from "generation rent"?

    Be interesting to know the breakdown of "investors" in btl I.e. outright vs leveraged vs pension pot, in both % and numbers.

  5. Situation: had AST that then went into periodic tenancy, LL gave me less than req notice period despite me questioning and they were quite insistant, found new place and moved out on 'their' date, got signed satisfactory inventory on exit from LL, eventually got deposit back after a little messing-around.

    Questions:

    1. LL didn't protect deposit (and never gave details), can I take actionfor the 1-3 times deposit now I have moved out and deposit sum has been refunded, and if so how likely am I to win?

    2. As it was an AST and then rolled into a periodic does this count as one or two 'offences' i.e. a claim for 1 x 1-3 deposit OR 2 x 1-3 deposit = upto 6 deposit...and if the latter and I pushed for it would the judge penalise me for being greedy?

    3. I see others have used either part 7 or part 8...what is difference i.e. is P7 the normal small claims court approach and so less expensive?

    4. If I lost will judge make me pay their solicitors costs and is this the same for both part 7 and part 8 route or are they different?...I would like to take the least risky approach i.e. if i were to lose I dont want to end up paying their/high costs.

    5. Has anyone used the 'No win, no fee' approach and what did you think?...I know they take a cut but with their expertise they may be more successful at getting a higher sum.

    Thanks

  6. I have a room in a house with 3 others. We all have a lockable room, share other spaces (I.e. kitchen, bathroom), signed separate contracts and landlord (& his family) doesn't live at property, although I think mortgage is listed at this address...legally, do I have an AST or is it a HMO?

     

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