So its OK to break the rules, just as long as you dont get caught? I must remember that in future.
That's not what I said John, and you know it.
I'm sure there were others flouting the queuing policy but didn't get picked out by cameras that I'm aware of.
There were probably other firms having Xmas parties as well, but that didn't stop Boris from being hounded by the media, as well as certain members of this forum.
I take all the credit although Ken and Gill did play a small part in his removal
I'm sure there were others flouting the queuing policy but didn't get picked out by cameras that I'm aware of.
There were probably other firms having Xmas parties as well, but that didn't stop Boris from being hounded by the media, as well as certain members of this forum.
I take all the credit although Ken and Gill did play a small part in his removal
I applaud your efforts in taking out the garbage
It just goes to show that what is said on this board is much more influential than menial gossip news organisations like the BBC.
Last edited by Kendhni on 27 Sep 2022, 11:29, edited 1 time in total.
I've said nothing about Truss. Apart from she's bloody useless and she's done nothing to make me remotely change my mind. We didn't need that mini budget (mini that's a laugh) and all they've done is increase our debt, trashed the pound and increase inflation.
Last edited by Bensham33 on 27 Sep 2022, 12:12, edited 1 time in total.
I've said nothing about Truss. Apart from she's bloody useless and she's done nothing to make me remotely change my mind. We didn't need that mini budget (mini that's a laugh) and all they've done is increase our debt, trashed the pound and increase inflation.
Sorry if you feel neglected. I didn't class you as a leading Boris Basher!
Last edited by Mervyn and Trish on 27 Sep 2022, 12:44, edited 1 time in total.
Funny though that the leading Boris Bashers have already become star Truss Trashers. The moral is be careful what you wish for!
I've not made my mind up about her yet.
You’re talking garbage again Sir Merv
Onelife’s Post 16899
I am prepared to place a small wager that should Liz Truss ride this out till after the next election then her gamble might just give us a nice return. If predictions are right and we do end up in a global recession the place to be “when things take a turn for the better” is where Businesses want to invest which is why I presume she and her chancellor are placing our bets in that direction?
I can’t understand whether people are against tax cuts or just specifically the tax cut for the tiny minority on the 45% rate.
I'm sure there's a Biblical parable that applies.
Some people aren't interested in what they get. Just jealous of what others get.
I declared my hand ages ago. I wouldn't have gone for a tax rate cut. I'd have gone for an increase in the personal allowance, to favour the lower paid. But I'm no expert so I'll wait and see how this works out. As a pensioner the NI cut is neither here nor there for me, but I hope it helps businesses and those working. The cut to 19% in the base rate will give me a bit. The 45% was always irrelevant to me. I'm actually more interested in how it will impact my low paid daughter.
p.s I see NS&I have upped the rate used to calculate Premium Bond prizes so I look forward to getting the big one next month.
Funny though that the leading Boris Bashers have already become star Truss Trashers. The moral is be careful what you wish for!
I've not made my mind up about her yet.
You’re talking garbage again Sir Merv
Onelife’s Post 16899
I am prepared to place a small wager that should Liz Truss ride this out till after the next election then her gamble might just give us a nice return. If predictions are right and we do end up in a global recession the place to be “when things take a turn for the better” is where Businesses want to invest which is why I presume she and her chancellor are placing our bets in that direction?
See my post 16931! As a Basher you were minor league too!
Nor have I, still trying to understand her logic and how her actions will achieve her stated objectives.
Apart from she's bloody useless and she's done nothing to make me remotely change my mind. We didn't need that mini budget (mini that's a laugh) and all they've done is increase our debt, trashed the pound and increase inflation.
You could be right, but maybe when/if the markets stabilise we will get a clearer picture (much of the jitters was being caused by badly timed throwaway comments made by Kwarteng). Kwarteng says there is a plan to reduce borrowing ... we just haven't heard it yet (or maybe he just hasn't thought of it yet).
There is a major bond auction today ... it will be interesting to see how well the UK comes out of that. If it goes badly BoE may have to raise interest rates immediately (which would be a kick in the teeth to the Truss government) and the interest on the UKs very very significant debts could climb (estimated that interest on governmental borrowing could increase 3-fold).
Indeed, I’ve only won 5x £25 prizes this year …. not sure I would move then even if interest rates rise to 6%...my wife might have other ideas however… squeak! squeak!
Indeed, I’ve only won 5x £25 prizes this year …. not sure I would move then even if interest rates rise to 6%...my wife might have other ideas however… squeak! squeak!
You lucky bu99er, I’ve only ever had one £25 win in the two or three years of having them.
Why all the fuss about rising interest rates? They've been at ridiculous low levels since the financial crash to help the profligate who spent money they didn't have borrowed from lenders who failed to check their ability to repay. Those who had been prudent and saved lost out, as usual. About time we got more interest on our savings and the minds of those borrowing were focused.
It's easy not to be fussed about interest rises rates when you aren't a borrower. I feel for those people who are coming to the end of their fixed rate mortgage deals and will face big increases in their mortgage payments, plus they have to deal with rampant inflation and the increase in energy prices. It will be very difficult for many ordinary people to find several hundred pounds more each month.
I take all the credit although Ken and Gill did play a small part in his removal
Nothing to do with me! Johnson lied, then he lied some more, and carried on lying until his colleagues couldn't take it any more. Johnson is the architect of his own downfall
Nothing to do with me! Johnson lied, then he lied some more, and carried on lying until his colleagues couldn't take it any more. Johnson is the architect of his own downfall
To be totally accurate Johnson was the architect of the downfall of 3 British Prime minsters ... the question is will it be only 3'?
It will be very difficult for many ordinary people to find several hundred pounds more each month.
It was very difficult for many ordinary pensioners who had saved for their retirement when interest rates were slashed to rescue the profligate and income from their savings was cut by several thousand a year.
Interest rates have been artificially low for years. It's a shame the lenders splashing the cash didn't warn them it wouldn't always be that way.
Yes I'm sorry for those who will now struggle. But this coin has two sides.
It will be very difficult for many ordinary people to find several hundred pounds more each month.
Been there, done it, got the tee shirt(s).
Like others on here I remember well the time when interest rates were going up almost every day - we coped and survived. Some of these folk will have to do what we had to do and cut back on things that are not essential - iPhones, Netflix, etc.
As a retired person myself, the lack of interest income is disappointing. I worked in banking for my entire working life, and lost money in the banking crisis when the shares crashed. However, some of my colleagues close to retirement had invested heavily in the Share Save schemes and lost all their savings. It was an awful time
In the late 80s to early 90s, in my opinion, there were some ridiculous lending decisions, and when interest rates rose and the housing market crashed, people couldn’t afford mortgages, and were ‘trapped’ in their properties. In my small way, I was able to help some of our borrowers through this, and they were able to resolve their difficulties. But many borrowers lost their homes due to repossession. I’ve seen first hand what financial problems can do to people.I wouldn’t wish that on anybody.
But lessons were learnt, and the underwriting process evolved and became much more rigorous. I left the mortgage arena 13 years ago, but almost certainly the underwriting process has some sort of stress test which would illustrate the affordability of the mortgage if interest rates increases. But, of course this is not infallible. It would unlikely to cover huge interest rate increases or double figure inflation or doubling energy bills.
I really do see both side of the coin, as I’ve had personal experience with both heads and tails
Just seen David’s post. Yes, I remember the days of high interest rates too. I was paying 16% at one stage as I had to pay extra because I had an endowment mortgage and a large mortgage (over £20000 !!). If the interest rate had gone up suddenly by an extra couple of percent and my energy bill had doubled, not to mention everything else going up sharply - I’d have really struggled. So have a lot of sympathy for people.
I had to wait 3 years before I was eligible for a staff mortgage, and it was a big benefit when interest rates were high, but we did get taxed on the benefit
I was just watching the Armageddon news on BBC, with its dire warnings about the state of the UK economy and the weakness of the £ to the $, and I agree it is concerning.
So I just checked our status against the euro and find that sterling's current level is exactly the same as it was 5 years ago. But there was no mention on the news that the eurozone is in a very similar economic position to the UK, although the current ECB interest rate is 1.25%, as compared to out 2.25%.
Fortunately Liz does not need to call an election until January 2025, so there is time for the current lemming like rush towards the cliff edge to peeter out.
Last edited by towny44 on 27 Sep 2022, 22:57, edited 1 time in total.
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