Monday, September 30, 2013

Meanwhile, in a parallel universe…

Osborne in "work for benefits" plan

Homebuyers who receive long term taxpayer-backed loans under the Help To Buy scheme will have to undertake work placements in return for their benefits, under changes being unveiled by Chancellor George Osborne. From April, people who have not repaid the interest free loans within three years will face three options, including community work, or face losing benefits. Mr Osborne unveiled the "tough love" plan at the Conservative conference. Labour said it was proof the coalition's main house price support schemes - largely modelled on the schemes introduced by the Labour government five years ago - had failed. ...the chancellor is expected to say that while the government will not "abandon" long-term borrowers, no-one will be able to get something for nothing.

Posted by mark wadsworth @ 10:34 AM (1595 views)
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6 thoughts on “Meanwhile, in a parallel universe…

  • It will be rounding them off to work camps next. I do not like scroungers as much as the next man, but I am old and wise enough to realize that they are a small minority and that meany long term unemployed I have met living in bedsits and shared housing have learning difficulties and mental health issues. Sending people out for slavery is not going to help them, just the corps. and more likely landlords and bankers.

    Oh, yes and would it not be better to encourage job creation than forcing people into nonproductive non jobs.
    Oh yes and who is going to manage this?

    The NATSI (Conservative) party is getting worse, rigging property prices via HTB, sending the unemployed into slavery.

    Won’t be long before rioting ensues again.

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  • If we had “free labour” in our garment factories we could compete with Taiwan and Asia who use “cheap labour”.

    Can’t see a problem. What’s not to like?

    Where’s Primark?
    🙁

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  • I’m not making this up, going by an article in today’s City AM, the interest saving to somebody buying a £200,000 house with a 5% own deposit and a 15% govt interest free loan will be saving about £3,000 a year in interest, which is nearly as much as unemployment benefit (except without the stigma).

    I’m a great believer in flat-rate universal benefits, but failing that, let’s try and channel benefits to low earners (see Khards’ list), not to people who can “afford” a nice house.

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  • @3……… For part two of Help to Buy, the bank will be provided with a government backed indemnity insurance that will cover 15% in the event of a default. This gives the buyer the opportunity of gaining a more favourable rate on his 95% loan. In no way does it give the buyer a 15% interest free loan.

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  • In his speech Mr Osborne described Labour’s policy to freeze energy prices for 20 months as “phoney” and compared Ed Miliband’s political philosophy to that of Karl Marx.

    Did George learn political philosophy at the same school / site as Libby? What on Earth does the Milliband policy to freeze energy prices have to do with Karl Marx?

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  • I would assert that this Osbourne quote is almost exactly the same as something Hitler might have said. Or Hannibal Lector. Or Bungle of Rainbow at the very least.

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