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Realistbear

Times: Disposable Income Falls One-sixth In Past 4 Years

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http://business.timesonline.co.uk/tol/busi...icle1969097.ece

From The Times
June 22, 2007
Disposable incomes fall as rise in rates and energy prices take toll
Gabriel Rozenberg and Gráinne Gilmore
Consumers’ disposable income has fallen by a sixth over the past four years, according to a report that highlights the squeeze on homeowners from the increase in mortgage costs, fuel bills and other essential payments.
Just 22 per cent of a typical household’s monthly income is left over after taxes and essential bills have been paid, down from 28 per cent in 2003-04, according to a study by report from Ernst & Young, the accountants.

Gordon: "Och--your hoos is wurruth 300% more than when I came to power..."

Gordon for PM anyone?

:angry:

Edited by Realistbear

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Guest Marvin Bush
One sixth in 4 years is a massive fall! Why are people accepting this, why are fools still voting Labour? :o

Because Chinese made goods are obscuring our relative poverty.

Why are fools still voting for Labour? Do you mean the 20% or so of the voting public that enabled Labour to gain a further term? Regardless, why would things be any different under Con? Democracy is a ruse. Banks and industrial lobbies control our system of government and its policies.

Banks

The Royal family

Defence companies

Pharma companies

Ruper Murdoch et al

Leading industrialsts and businessmen

These are the real powers that be.

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Because - with HPI - by this time next year, all the OOs will be millionaires, Rodney.

This sums the miracle economy of HPI-MEW-BTL beautifully. A con on a massive scale foisted on this nation by the biggest con-artist we have seen: Gordon Hamish Brown our next de facto head of state in all his un-elected dourness.

I wonder what the other Scot, Dae'd "Scotty" Cameron will make of this at Q-time?

Edited by Realistbear

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Back to the bad old days and poor man of Europe status. Gordon's miracle was one helluva party with all that illusional house "wealth" keeping everyone on a high. Now comes a very long and painful hangover as reality dawns and the poisons start hatching one by one. Just goes to prove that Miltie Freidman was right when he said "there ain't no free lunch."

I do not see Gordon lasting until the deadline for the next GE. Tony, the shrewd bugger, is just getting out before the entire miracle economy begins to unwravel with a speed not even David Cameron could have hoped for.

Triggers?

Plenty of them vying for pole position:

1. End of BTL as a viable investment.

2. Collapse of sub-prime and knock on effects in the bond market

3. Tightening credit coupled with higher IR

4. Brown as PM

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Guest Marvin Bush
Back to the bad old days and poor man of Europe status. Gordon's miracle was one helluva party with all that illusional house "wealth" keeping everyone on a high. Now comes a very long and painful hangover as reality dawns and the poisons start hatching one by one. Just goes to prove that Miltie Freidman was right when he said "there ain't no free lunch."

I do not see Gordon lasting until the deadline for the next GE. Tony, the shrewd bugger, is just getting out before the entire miracle economy begins to unwravel with a speed not even David Cameron could have hoped for.

Triggers?

Plenty of them vying for pole position:

1. End of BTL as a viable investment.

2. Collapse of sub-prime and knock on effects in the bond market

3. Tightening credit coupled with higher IR

4. Brown as PM

I'm sorry but Primo Pole Position is occupied by Peak Oil & Gas. You know, the thing they destroyed their own buildings for and blew up our trains for in order to find and continue a pretext.

Gharwar, Cantarrel, Burgan, North Sea, etc etc. All in decline. No significant oil or gas discoveries for 30 years.

http://video.google.com/videoplay?docid=48...h&plindex=1

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I'm sorry but Primo Pole Position is occupied by Peak Oil & Gas. You know, the thing they destroyed their own buildings for and blew up our trains for in order to find and continue a pretext.

Gharwar, Cantarrel, Burgan, North Sea, etc etc. All in decline. No significant oil or gas discoveries for 30 years.

http://video.google.com/videoplay?docid=48...h&plindex=1

We don't really know what OPEC can deliver so I don't think you can say it's primo. I suspect that when push comes to shove they will up their output but only when US stocks decline. I could be wrong of course and gas may not be a problem for a few years yet...the other things on the list might hit us any time today.

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Pound shops are on the decline - they`re too expensive ;)

Indeed. Our 'pound shop' closed down a while ago... a pretty clear sign of high inflation when you can't even sell cheap Chinese tat anymore.

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This story is also covered in the Guardian: http://money.guardian.co.uk/utilities/stor...1809993,00.html

The market is turning - hold on to your hats!

They say the typical family has net income of GBP2640 per month. If you gross that up at 30% (assume one 40% and one 20% tx payer) then than means annual household income of 45k. If that's right then average house price is only 4 times income, hence no HPI ! Perhaps they mean typical Guardian reader where both teachers pay lower rate taxes...

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Because Chinese made goods are obscuring our relative poverty.

Why are fools still voting for Labour? Do you mean the 20% or so of the voting public that enabled Labour to gain a further term? Regardless, why would things be any different under Con? Democracy is a ruse. Banks and industrial lobbies control our system of government and its policies.

Indeed. Why anyone still thinks Blair is a socialist is beyond parody. He's Thatcher's b@st@rd offspring through and through. To think that the present Labour government have an even remotely socialist agendum is simply laughable.

Good piece in the Independent on this today:

"Neoconned!: How Blair took New Labour for a ride"

http://news.independent.co.uk/uk/politics/article2694594.ece

And why anyone thinks that the Tories deserve another shot is not even laughable. It's demented.

Edited by sossij

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To think that the present Labour government have an even remotely socialist agendum is simply laughable.

Um, what else are you supposed to call a government that sucks up 43% of the national income?

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Um, what else are you supposed to call a government that sucks up 43% of the national income?

On past performance I wouldn't trust the Tories to suck up anything less. From Hansard:

"I asked the Library to look at the tax take under the Conservatives and under the previous Labour Government as a percentage of our national income. In 15 out of the 16 years in which the Conservatives have been in office, the proportion of the country's gross domestic product that they have taken in tax has been higher than under the previous Labour Government."

http://www.publications.parliament.uk/pa/c...xt/60115-20.htm

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"I asked the Library to look at the tax take under the Conservatives and under the previous Labour Government as a percentage of our national income. In 15 out of the 16 years in which the Conservatives have been in office, the proportion of the country's gross domestic product that they have taken in tax has been higher than under the previous Labour Government."

However, the Tories left power in 1997 with taxes declining. Labour have been increasing them ever since.

Why do you think that saying 'the Tories had high taxes' somehow lets Labour off the hook for sucking up nearly 50% of the entire country's income and wasting most of it?

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However, the Tories left power in 1997 with taxes declining. Labour have been increasing them ever since.

Why do you think that saying 'the Tories had high taxes' somehow lets Labour off the hook for sucking up nearly 50% of the entire country's income and wasting most of it?

No, not at all. What I'm saying is that Labour and the Tories are both shit. Arguing over who is the bigger thief is irrelevant.

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I'm sorry but Primo Pole Position is occupied by Peak Oil & Gas. You know, the thing they destroyed their own buildings for and blew up our trains for in order to find and continue a pretext.

Gharwar, Cantarrel, Burgan, North Sea, etc etc. All in decline. No significant oil or gas discoveries for 30 years.

http://video.google.com/videoplay?docid=48...h&plindex=1

Wasn't there a big find in Ghana the other day? I didn't follow the link, it's not interesting enough. Man will find energy one way or the other.

I found about 3.5 litres of oil in the garage the other day I forgot I had. I'm hanging on to it.

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