Monday, April 12, 2010

Putting out the fire … with gasoline

General Election 2010: Brown tempts young with cash savings pledge

"The [Labour Party] manifesto, launched in the Midlands today, will give all basic rate taxpayers between 18 and 30 the chance to save money in a government-backed ‘Super ISA’ which could cost £30million a year." What's the point? As long as this or the next government is determined to keep house prices racing away to the tune of £1,000 a month, there is just no point in the 18 to 30s saving, all that this will achieve is persuading the mugs at the bottom of the ladder to pay ever larger deposits when they finally cave in and buy a home.

Posted by mark wadsworth @ 10:01 AM (1586 views)
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12 thoughts on “Putting out the fire … with gasoline

  • happy mondays says:

    Like the title Mark, David Bowie, Great track! You could have also put ” Don’t play with me cause you’re playing with fire” Rolling stones

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  • righttoleech says:

    Yes let’s have a myriad of plans of every sort to suit everyone. Youngsters can save for a house, oldsters can save for a coffin. When will this condescending nonsense stop. Where income is insufficient to meet expenditure debt follows. And how dare this profligate government lecture anybody about saving.

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  • Another trick. Brown panders to small groups but then doesn’t deliver.

    http://www.dailymail.co.uk/news/article-1265287/Pensioners-face-year-wait-bus-pass-sneaky-rule-change.html

    I’m not saying Dave will be any better, but Brown is a cheating toad! NuLiebor is hoping to save £1bn with this tricky rule change for pensioners.

    Brown is putting the party institution and his cronies before the people…just like the pope did.

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  • mark wadsworth says:

    HM, “Play with fire” isn’t a very good song though, is it? More pertinent would be “It must be hell, living in a world, suffering in a world like you.”

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  • Another new Liebor plan is exposed today: Labour caught out over NHS petition e-mails.

    http://www.timesonline.co.uk/tol/news/politics/article7095225.ece

    Brown is getting desparate…. a pity if he cons the people, because we’re getting into half a billion pounds more debt each day he is in office.

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  • 18-30’s saving…. hahahahahahahahahaha.. Save your pennies and one day, maybe one day, you can buy your own housing associated house where you can hear your neighbour having a dump and flushing his bog, not to mention getting amorous. I used to be a hard core labour voter, really I did, honestly I did.

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  • cat and canary says:

    great, so their £60 a month that these ripped-off youngsters manage to save after they’ve struggled to pay £100’s in rent, extortionate fuel bills, extortionate petrol, will become a healthy £63 a month once you’ve added government backed interest!! That’ll REALLY help them save up that £30,000 deposit for a house

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  • tenant super says:

    Actually £3 interest on £60 per month (whilst it is totally useless for saving for a house which is about as likely for young people as a trip to the moon) would be better than a slap in the face with a cold fish but then I am over thirty and the chances are there will be a cap on what you can pay into it.

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  • happy mondays says:

    Or even better Mark, “Take the power back” Rage against the machine..

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  • Also from the article all youngsters under age of 19 to be given opportunity to do 50 hours community service (is this per week/month or what?). Yep I bet they’ll be overjoyed about this future our fascist leaders have created for them. Superb, get into debt to obtain some worthless qualification for a job that doesn’t exist, take some burger flipping job instead, watch house prices become ever more out of reach and do ‘voluntary’ service too as well as probably not being able to retire. This is going to end with a whole generation of youngsters forced to live with their parents into their forties and with no hope of owning a house unless their parents die and leave it to them. Should result in greater pressure to allow euthanasia I would imagine from those who value a house more than their parents.

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  • False support of house prices, which will otherwise fall to include priced out FTBs (who have bothered making an effort to save something). Prices don’t float like my flying carpet, they need support, which without scam “helping” is found at the level of affordability.

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  • This is blatant age descrimination. It is a bad as race or sex discrimination.

    They should be prosecuted.

    Typical of Labour to draw a net of a surfeit of repressive laws then blunder into them.

    As another example it seems they have accessed the NHS “suffering from cancer” patient database to target election adverts.

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