nightowl

Let us (lettuce) consider the consequences all the same.

In 2020 an identifiable new virus existed so the world went nuts imagining it was the return of the medieval plagues. Since then the invasion of Ukraine and the idea of WW3 has taken over.

😳 Ten years...that's a slow response to an issue by most people's measure. I can see the maths issue here, but continual immigration isn't a step change like the xs deaths are surely? Is it realistic that a disproportionate % of new arrivals suddenly die with a year of arriving since 2021? It may well be a factor, but to me it just only explains a small part of the cause.

I expect few here have any concept of the ins and outs of import&export, and the red tape partially smaller businesses face generally anyway, so just repeat idioligical stuff parrot fashion.

An 'idiot' who did raise concerns about sub master's treatment by the post office years ago. Making waves when needed isn't going to produce many friends in high places who want to retain a status quo, but is going to require an 'oddball' character trait- so he type are very much needed.

Has there been a budget in the last 20 years that has been HPI defeating? Not sure why there was hope this one would be any different. Reduction in NIC for working age people is something of a step in the right direction in a wider sense even if not HPI specific.

Err... this quiz is a parody quiz that mocks the concept of how people label anyone who has any opinion on selected subjects as 'right wing' rather than 'right on' in a nonsensical way. It can't be real because it doesn't ask if you have ever agreed with Jacob Rees Mogg on anything 😉

I'm only one beer down but just looking at wealth versus income is misleading. As people get older their ability to accumulate wealth/assets is possible while younger folk simply haven't had the time yet.

Gambling doesn't equate to entrepreneurship, even if entrepreneurship involves gambling.😆😆

Never before has so little been said by so many, of which some are themselves so little. Or something like that.

I wonder how many MPs in marginals (from both the main two parties) are feeling a bit twitchy now😳

Hung with a low percentage for the 'winner' and runner up to ram home the point. Anyway, I'm not sure laundries are a big concern of the nation or vote winner for the workers party🤨. All sound utopian pipe dreams in reality as lovely as it all sounds (laundries excepted).

Also, there is a world beyond the m25 don't forget where people can't do those kind of sums as commonly. London isnt representative of the UK as a whole on lots of issues. Either way, other than higher IRs and/or more houses per population, I don't see a feasible way out of it.

Higher mortgage rates would depress house prices and discourage equity withdrawal of M&Ds house due to interest costs and lack of need. The whole fiasco comes from ultra low rates. If M&D have spare cash built up from working, its hard to stop that being gifted as human nature is human nature.

And I can also see the attraction of that especially when progressive rates of tax on income aggravate things.

If bank of M&D borrow against the house they are still living in that will cost in terms of interest paid even if it's deferred via equity release so reducing the future inheritance. The lottery of whether the parents are able or willing to bring forward inheritance, brings about a fundamental quirk - that ability is brought about from (taxed) working and owning an asset inflated by means beyond their control but then need to help their kids out of a hole not of their making either🤨

Looks like we did ok from 1980 to 2008, but flat lined ever since. Also curious Germany (and maybe the whole EU) has suffered the same fate suggesting a more common cause than 'the tories to blame' mindset.

The downside is until they inherit (minus taxes) they will suffer the downsides of HPI. Given how old people tend to be when they inherit they maybe pushing 60 so housing their family will still be a problem. Their life would be better with lower prices when they really need it, and a smaller windfall when they dont.

The early 90s had a short sharp recession which was hard to ignore, but today we have a gentler more drawn out perma-recession if you like. "House price crash" might have to renamed "house price long term drift" or something equally dull.

The halcion days of the nineties were preceded by a proper recession rather than the psuedo recessions we have had since so recreating those days might require a real recession. Worst still, I cant see modern music competing with those years of 90s top club bangers either 😮

Rememeber though when your kids inherit a house worth millions a loaf of bread might be £10 too so wont feel like £1M does now especially when the taxman takes chunk. In the meantime they their financial experience of life will be at a disadvantage compared to previous generations.

But the overall NIC receipts the gov gets is more complicated when you factor in the often forgotten employer element too. 🥴

Just had a look at NIC rates....I have no idea what the rate is as it's just far to complicated for what it is! Nuts.

If these ex colonies have a french presence and Russia still managed coups despite this, why is Macron so confident these same troops will be effective in Ukraine...assuming he can redeploy them.and risk losing any influence at all in these African countries 🤨.

Memories of WW2 or maybe under other pressure from internal politics we aren't aware of over here (farmers kicking off maybe)