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About Hullabaloo82

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  1. Stamp duty is cash though. The 4% on the mortgage is possibly a tiny bit bigger on the deposit then the rest is on the never never. Just extend the term to get the monthly repayment down if you need. People believe that their sheer genius with a tin of Farrow and Ball will make them rich in due course and more than make up for the extra they borrowed especially now they have a bit extra available cash to spend on trinkets. Trouble is, mark my words, they'll be right in the end. There will doubtlessly be some kind if short term correction but the only thing that will ever change thi
  2. Some more great examples of confused hpc thinking here from the usual suspects. "Tax second homes! But don't tax the kind of people who own second homes because that's communism!" Surprised a few heads haven't exploded. The fact is that most of the borrowing is going to sit there accruing very little interest whilst we allow businesses to recover to the point where they're paying corporation tax again at which point we recoup some of the money we lent them to cover their payrolls and keep their business on ice during the pandemic. Option there to reinvest and generate tax revenue through
  3. Yes and no. In principle, the government agreed to underwrite 100% of the loans so is ultimately on the hook. That said, willing to bet there are some conditions in there about approving fraudulent claims or making errors that might lead to fines or similar.
  4. A family member of mine is in a national role at a high street retailer. They estimate that this has brought a load more people into the shops. Went out to eat last week, must have tried 10 or 15 places before I could get a table. Heading some people are actually coming out of the scheme as they're too busy and don't want the hassle of dealing with the bargain hunters. At a cost of about £100m a week it's a bargain compared to furlough and the inevitable mass defaults on bounce back loans and probably more effective at actually supporting jobs rather than just staving off the inevitable.
  5. My thoughts exactly. I mean, seen the guy shilling for Bitcoin in the other thread and he is an hpc regular so 50% chance of having some unpleasant views on race at least but still surprising to see someone be quite so blatant about it. Also, the old classic "all the immigrants are the problem but my South African wife is fine".
  6. Really, very interesting stuff. The sheer quantity of whistleblowers tells you how sick people are of the sub Arthur Daley spivery of the people this government panders to who's first thought during the crisis was to get the snouts in the trough. HMT are also, if the press is to be believed, putting pressure on the government to get this money back in. 1979 to 97 Tories ended up drowning in a sea of their own sleaze. Is this one about to go the same way? "Moderate" Keir nicely placed to mop up the ex Tories who wouldn't vote for Corbyn but might give Blair II a go? I anticipa
  7. There will be people doing this who are on furlough. Basically creaming off an extra £20k a year for ****** all
  8. There's a reason the guy's writing for estateagenttoday and not the FT. Whole thing makes no sense at all. Gains? What gains?
  9. I live just outside a large(ish) market town in the Midlands and another smaller one in the other direction. Both places had barely a table available between them on Wednesday night
  10. I don't think "amortised" means what you think it does here. Also, who's saying it's going to cost £10k a pop? Sound a like you're just pulling figures (and words) out of your proverbial (as per usual).
  11. The idea is government spending is financed by a mixture of tax receipts, borrowing and money creation to control inflation. The DMO has a mandate to ensure that any overshoot in government expenditure at a given point in time is funded by selling government debt, which people are buying in droves at the moment. Then the government can decide whether it wants to repay using tax or other receipts, refinance (ie it issues another round of bonds to pay off the previous round) or just print some money and pay it down. At the moment, government borrowing is really cheap. Some bonds on a
  12. I think I'm right in saying that csnnavus is, somewhat counter intuitively, illegal in the Netherlands. What the coffee shop system does really well is Hoover up the vast majority of casual users and stop them having to hang around really dodgy people just to get a bit of weed. Reduces the gateway effect but also the freely available element demystifies it somewhat and removes that "outlaw" sentiment that leads to problem drug use here. It's also possible to buy a range of weed and you know what it is so 15 year olds or other novices can start off with a nice light hash or Thai stick rat
  13. It's a weird one though because drugs also have "risk tax" added yet people still smoke them. Good weed can cost as much as £10 a gram in the UK. Doesn't seem to put anybody off smoking it (or eating it). You could probably cut that price in half, massively improve the range of quality, choice and information available to users and therefore reduce harm AND still raise a shedload of tax. Regulation would reduce (not remove entirely, but reduce) unscrupulous vendor activity and massively reduce income for criminal gangs. Legalise MDMA and 2ci whilst you're at it. Win win for all concerned
  14. At some point we are going to have to accept that somebody being in work 6 months ago is an arbitrary distinction against somebody out of work at the same point. If the first is in a position where continued furlough is the only way for them to not be made unemployed, both are, in fact, unemployed. I'm not a huge fan of continuing the scheme but fear the consequences of not doing so. Successive conservative governments' empty headed, demagogic obsession with austerity measures has simply left our law enforcement agencies too weak to deal with the likely outpouring of social unrest, meani
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