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LetsBuild

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Posts posted by LetsBuild

  1. On 27/03/2024 at 13:29, Mandalorian said:

    State failure.

    For me, the most obvious symbol of how Britain is on the verge of becoming a failed state is the condition of the roads and litter everywhere.

    A fortune in tax paid and you see the literal decay EVERYWHERE

    An incoming government would be wise to fix these two problems as it would be a very obvious (and easy and comparitively cheap) visible symbol of turning the ship around.  (Bad metaphor given yesterday, but hey ho)

    I agree, there is effectively free labour that could be picking up the trash in exchange for their benefits too, Singapore does it and is renown for being spotless.

  2. 1 hour ago, fellow said:

    Land Registry calls staff back to office as work stalls

    https://www.thetimes.co.uk/article/land-registry-calls-staff-back-to-offices-as-work-stalls-ckzqlscp2

    "The Land Registry is trying to force staff back into the office after homeowners and developers have experienced “ridiculous” delays of up to two years for registrations to complete.

    Property developers and social housing providers are enduring some of the longest waits, with the latest performance figures showing that more than two thirds of new property registrations or requests to divide existing titles or create new leases take longer than a year.

    Solicitors report that some of these applications are taking up to two years to complete.

    It is not just developers suffering problems. Many homeowners simply wanting to change the names on a property deed, for example after a divorce or death, are also facing long delays, with 40 per cent of these applications."

    I am utterly naive on this but seems like something a new AI could fix in hours and make them all redundant?

  3. 15 hours ago, Confusion of VIs said:

    Why not write in a tell them that, perhaps the disigner of the worlds best selling car would be interested in your thoughts. 

    Sorry but I’ve got to agree with the other poster, the model 3 is absolutely fugly. It’s like the designer made a good looking car out of some overly wet clay and it went all droopy overnight. The other models look ok though.

  4. 4 hours ago, Unmoderated said:

    I'll correct the element in bold - 43% of adults pay no income tax. They may not have an income, or enough of one to pay tax on it. 

    Still, they are entitled to a tonne of stuff from the ever generous and growing state. 

    That is insane, back when I worked a weekend job during 6th form and Uni back in the early 2000’s even I paid some income tax. To think there is 43% of people not even contributing the equivalent of that today is a total mind blowing realisation.

  5. 7 hours ago, Pmax2020 said:

    50k?! Isn’t it currently 42 or 43k depending on where you live in the UK?

    Everywhere the tax free allowance is £12,570 and everywhere but Scotland the 40% tax starts after an additional £37,701. (£50k ish)

    The Scots diverged some time ago to pay for more socialist government, they don’t even have a 40% band, the closest they have is a 42% that starts after an additional £31,093. (£43.5k ish).

    The reason they keep changing the National insurance rather than income tax is because it’s the only one they cut to benefit all workers across the U.K. (except old biddies as pensioners don’t pay NI anyway, which also makes it a cheaper 2% cut than on income tax).

  6. 21 minutes ago, burk said:

    Amateurs. Last time I ever spoke to my eldest brother he was humble bragging about his new Jag.

    Although I have to admit I zoned out not because I don't like cars but because I couldn't take my eyes off the nearly 5 figure credit card bill pinned to the back of his kitchen door!

    Outwardly looks successful inwardly he's fkd..........

    Well, at least he pinned it rather than sticking his head in the sand and pretending it doesn’t exist I suppose.

  7. 1 hour ago, The Angry Capitalist said:

    I think people are so fed up nothing will work.

    The economy cannot be turned around in a few months and it is very likely things will get even worse before the election is held.

    The only thing I can see working is appointing Farage as the leader and have him run with Sunak out of the way.

    However, I don't think Farage is popular enough for this to get enough votes but I think that is the only option they have of any hope of winning.

    Assuming the impossible does happen and the Tories win with Farage as the next PM the Tories will get rid of him and install a replacement after a smear campaign against Farage to have him ousted.

    They would most likely replace him with an WEF puppet but I just cannot see the Tories winning regardless of who the leader is.

    I’m not sure why Farage is is even considering hitching his trailer to the Tory party, he is usually pretty good a reading the political undercurrent of the country and latching on to that - if he associates with the Tories he will just drag himself down rather than lift them up - that is how toxic they now are.

  8. 10 hours ago, Maghull Mike said:

    Bonds to be sold to savers amid fears of lack of demand for British debt

    Move will put individual investors on a par with big City institutions for first time

    Tim Wallace22 February 2024 • 3:58pm
    Related Topics
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    Ordinary savers will be able to buy Government bonds directly from the Treasury in a move that will put individual investors on a par with big City institutions for the first time.

    The Debt Management Office (DMO) will allow retail investors to take part in auctions of gilts, as UK government bonds are known, rather than having to wait to buy the debt from institutions on the secondary market.

    It offers an alternative to National Savings and Investment (NS&I), the usual vehicle the Government uses to borrow money from the public.

    The first gilt that ordinary people will be able to buy in this manner is a 4pc bond maturing in 2031, which the DMO will issue on February 29. The DMO aims to raise £4bn for the Exchequer with the bond.

    The change comes at a time when the Government is issuing record amounts of gilts, partly because it is borrowing heavily and partly because a large amount of debt issued in previous years is maturing and needs to be refinanced.

    There are fears the Government could struggle to find buyers for all of its debt. The Bank of England is selling down its portfolio of bonds bought under the quantitative easing programme at the same time as the DMO is charged with selling record quantities of gilts, potentially flooding the market.

    Concerns over demand for long-term gilts have also been stoked by the fact that final salary pension funds, which had previously been reliable investors in the market, are increasingly selling off bonds to pay out pensions.

    Without reliable buyers, the Government may have to offer higher interest rates to tempt foreign investors to buy British debt.

    Allowing individual savers into the auctions raises the possibility they will be able to benefit from a slightly lower price, resulting in slightly higher returns than those typically available when buying gilts from brokers.

    Savers can use accounts at Hargreaves Lansdown and Interactive Investor to place orders for gilts directly from the Government.

    More than 25,000 investors already hold gilts bought through the secondary market with Hargreaves, indicating a degree of demand from savers.

    Tim Jacobs, head of primary markets at Hargreaves Lansdown, said the new setup “is a ‘first’ for retail investors and gives them fair access to gilts in the primary market under favourable terms”.

    He said: “Muted equity markets and higher interest rates have led to a significant rise in client demand for fixed interest products.

    “The conventional auction process for gilts is designed for institutions and may not be suitable for some retail investors. However, the new process invites retail investors to participate with favourable terms.”

    A DMO spokesman said: “We welcome this collaborative, market-led initiative. We value the importance of having as diverse an investor base as possible and this initiative will provide retail investors with an additional opportunity to access gilts forming part of the current auction programme, in addition to the variety of routes already available in the secondary market.”

    Wow, the new Labour government is not going to be able to do anything but increase taxes and cut public spending big time. Better put those house price props away.

  9. 48 minutes ago, The Angry Capitalist said:

    Can that be even close to factual?

    That's a lot of people not being productive.

    Probably close to 25% of working age population.

    Struggling to believe those figures.

    I don’t, I’m the opposite. The amount I pay in taxes and the services I get in response (no dentist, can’t get a Gp appointment, police don’t respond, army not fit for the job, bankrupt council) has completely disconnected.

  10. On 25/01/2024 at 14:32, Dyson Fury said:

    Latest YouGov poll (conducted 23-24 Jan) shows Reform UK up to 13%.  "Closing in" on the Conservatives at 20% and well ahead of the LibDems on 8%.

    https://www.telegraph.co.uk/politics/2024/01/25/rishi-sunak-latest-news-farage-tory-leadership-election/#1706178742276

    This is interesting, what happens if reform get to level pegging with the tories - say 16% each? Would this result in a sudden flip of people who will vote Tory to keep labour out to now rethink that they would be better off throwing their vote in with reform?

  11. The establishment have messed the country up so much, by depriving the youth of any chance of home ownership and having a family, whilst importing so many immigrants that there is absolutely no social fabric or anything left to fight for.
     

    I suspect if there were a draft they would be in shock at how many refused or tried to avoid it. Additionally I believe the feeling against it would make large scale conscription frankly dangerous for the powers that be with such a small loyal professional force trying police the newcomers.

  12. 7 hours ago, Tony_Teacake said:

    Thanks for that.

    Do you have any proof or should I just take your word for it?

    As a PureGym member I can go on the app and look at the current attendance on any gym and a graph of averages across each day. I can confirm there is a surge on the gyms I look at so I am modifying the times I go at at the moment - However this happens every year and a months gym membership is something like £20, this pulse will dissipate by February. It’s not going to save the economy.

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