The sheer nuttiness of some of the Labour supporters around the country somehow claiming that Theresa May is squatting in Jeremy Corbyns rightful home is becoming non sensical now.
260 seats in no way shape or form gives more of a mandate to govern and run Brexit than 318 or whatever it is the Tories got. The progressive alliance doesn't even do it.
By all means push for another election and then worry about getting the extra seats to win that mandate.
What May is doing at the moment is damaging her own party. She clearly won't be allowed to fight another election, but they need her to stay on for now to cling to power. Clinging to power never goes down well. What you say about Labour not having a mandate to govern is also true and an election in the near future is inevitable. People may not want another one, but the result demands it!
As SR rightly says - Survation - the most accurate pollsters during the election are now polling a 6 point lead to Labour - advertisng your chaos to the electorate doesn't help you.
Yes. Dwell on that for a moment. When was the last time that inflation was THREE TIMES MORE than the best available cash deposit account for normal citizens?
Still, never mind such trifling details. We are taking back control, with a strong and stable government.
One thing not mentioned much is the next Tory leader. Even without an immediate challenge the machinations have started and looms over everything. Unless of course the Tories let May fight the next election.
They are going to have to shoe somebody in without a leadership election. They need time to a) work out who that should be and b) smooth the way! Even they are not stupid enough to run another election campaign with May as prime minister!
The sheer nuttiness of some of the Labour supporters around the country somehow claiming that Theresa May is squatting in Jeremy Corbyns rightful home is becoming non sensical now.
260 seats in no way shape or form gives more of a mandate to govern and run Brexit than 318 or whatever it is the Tories got. The progressive alliance doesn't even do it.
By all means push for another election and then worry about getting the extra seats to win that mandate.
Crazy
Corbyn said on last night's Panorama that Labour did not win the election. Reality has dawned on him.
Yes. Dwell on that for a moment. When was the last time that inflation was THREE TIMES MORE than the best available cash deposit account for normal citizens?
Still, never mind such trifling details. We are taking back control, with a strong and stable government.
When inflation was close to zero in 2015, I remember many Labour supporters on CL ranting about how disastrous this was. Now it's picked up they still are.
The sheer nuttiness of some of the Labour supporters around the country somehow claiming that Theresa May is squatting in Jeremy Corbyns rightful home is becoming non sensical now.
260 seats in no way shape or form gives more of a mandate to govern and run Brexit than 318 or whatever it is the Tories got. The progressive alliance doesn't even do it.
By all means push for another election and then worry about getting the extra seats to win that mandate.
Crazy
Corbyn said on last night's Panorama that Labour did not win the election. Reality has dawned on him.
On Panorama we also had the new advisor to May who lost his seat in Croydon last Thursday. He said that during the campaign he got talking to a teacher. The teacher said to him that pay restraint (indeed cuts taking inflation into account) for the past five or seven years was understandable, even acceptable given the state of the country post crash. The implication being that the Teacher wasn't a rabid lefty, but by saying that yet another five years of pay cuts he or she thought it was simply too much and unfair. That would make it twelve miserable years with goodness knows what next. It looks as if a bit of reality had dawned on the Tory bloke too.
Yes. Dwell on that for a moment. When was the last time that inflation was THREE TIMES MORE than the best available cash deposit account for normal citizens?
Still, never mind such trifling details. We are taking back control, with a strong and stable government.
Not for a fair while, and set to be higher by the end of the year, according to the BBC a key driver is foreign holidays and computer games - is it the young labour voters off to marbella and playing call of duty causing this
Anyone know what current wage growth is? If inflation stays at this level or increases further as expected and wage inflation gets to nearer 3% do you think the BoE will increase interest rates? That could cool the housing market and keep inflation under check. In fact could be a way for the Tories to get the older generation back on side .
The sheer nuttiness of some of the Labour supporters around the country somehow claiming that Theresa May is squatting in Jeremy Corbyns rightful home is becoming non sensical now.
260 seats in no way shape or form gives more of a mandate to govern and run Brexit than 318 or whatever it is the Tories got. The progressive alliance doesn't even do it.
By all means push for another election and then worry about getting the extra seats to win that mandate.
Crazy
Corbyn said on last night's Panorama that Labour did not win the election. Reality has dawned on him.
@DamoNorthStand I'm sure he'll be tweeting it soon to his flock so normal service will be resumed soon.
Yes. Dwell on that for a moment. When was the last time that inflation was THREE TIMES MORE than the best available cash deposit account for normal citizens?
Still, never mind such trifling details. We are taking back control, with a strong and stable government.
When inflation was close to zero in 2015, I remember many Labour supporters on CL ranting about how disastrous this was. Now it's picked up they still are.
I never read of the BofE having to write letters to the chancellor anymore if it goes above 2%, does this still happen?
The sheer nuttiness of some of the Labour supporters around the country somehow claiming that Theresa May is squatting in Jeremy Corbyns rightful home is becoming non sensical now.
260 seats in no way shape or form gives more of a mandate to govern and run Brexit than 318 or whatever it is the Tories got. The progressive alliance doesn't even do it.
By all means push for another election and then worry about getting the extra seats to win that mandate.
Crazy
Corbyn said on last night's Panorama that Labour did not win the election. Reality has dawned on him.
On Panorama we also had the new advisor to May who lost his seat in Croydon last Thursday. He said that during the campaign he got talking to a teacher. The teacher said to him that pay restraint (indeed cuts taking inflation into account) for the past five or seven years was understandable, even acceptable given the state of the country post crash. The implication being that the Teacher wasn't a rabid lefty, but by saying that yet another five years of pay cuts he or she thought it was simply too much and unfair. That would make it twelve miserable years with goodness knows what next. It looks as if a bit of reality had dawned on the Tory bloke too.
I agree with this and that there should be modest pay increases.
Yes. Dwell on that for a moment. When was the last time that inflation was THREE TIMES MORE than the best available cash deposit account for normal citizens?
Still, never mind such trifling details. We are taking back control, with a strong and stable government.
Not for a fair while, and set to be higher by the end of the year, according to the BBC a key driver is foreign holidays and computer games - is it the young labour voters off to marbella and playing call of duty causing this
Anyone know what current wage growth is? If inflation stays at this level or increases further as expected and wage inflation gets to nearer 3% do you think the BoE will increase interest rates? That could cool the housing market and keep inflation under check. In fact could be a way for the Tories to get the older generation back on side .
The sheer nuttiness of some of the Labour supporters around the country somehow claiming that Theresa May is squatting in Jeremy Corbyns rightful home is becoming non sensical now.
260 seats in no way shape or form gives more of a mandate to govern and run Brexit than 318 or whatever it is the Tories got. The progressive alliance doesn't even do it.
By all means push for another election and then worry about getting the extra seats to win that mandate.
Crazy
Corbyn said on last night's Panorama that Labour did not win the election. Reality has dawned on him.
@DamoNorthStand I'm sure he'll be tweeting it soon to his flock so normal service will be resumed soon.
Let us feel how we want to feel about the election. You are more bothered about it than is healthy!
Yes. Dwell on that for a moment. When was the last time that inflation was THREE TIMES MORE than the best available cash deposit account for normal citizens?
Still, never mind such trifling details. We are taking back control, with a strong and stable government.
When inflation was close to zero in 2015, I remember many Labour supporters on CL ranting about how disastrous this was. Now it's picked up they still are.
I never read of the BofE having to write letters to the chancellor anymore if it goes above 2%, does this still happen?
Yes they do. I believe the last one said something along the lines of 'Dear Mr Hammond, It's yours and your bloody party's fault - you tosser. Yours sincerely ......'
All 30k of my life savings are in a blimmin ISA earning 0.5%. Mind you they say the inflation is because of the increase in cost of foreign holidays, seeing as how I hardly ever have a holiday abroad as such I should be all right. The Tory in me says if I want a foreign holiday I should save up, the other Tory in me says it is OK to be buying a car on HP on 0% interest. Dear Marje help.
Ex Tory leader and prime minister, John Major, talking clear and total sense on radio 4 today. Wise words indeed. William Hague talking about a cross party coalition on Brexit - another former Tory leader talking sense.
All 30k of my life savings are in a blimmin ISA earning 0.5%. Mind you they say the inflation is because of the increase in cost of foreign holidays, seeing as how I hardly ever have a holiday abroad as such I should be all right. The Tory in me says if I want a foreign holiday I should save up, the other Tory in me says it is OK to be buying a car on HP on 0% interest. Dear Marje help.
Not sure of your age or income is etc Seth but have you considered slowly converting some of the cash ISA into a Stocks & Shares ISA? leaving it where it is you are going backwards (although of course your capital is 100% safe)
Obviously you always want a rainy day fund in cash, but may be worth considering starting a S&S ISA and paying a monthly amount in either new money or from your cash ISA (never pay in one lump sum).
The Average S&S ISA is up double digit % the last 18 months, many funds are up 15-50%. Obviously there are risks involved and you may want proper advice from a qualified FA but something to consider.
The sheer nuttiness of some of the Labour supporters around the country somehow claiming that Theresa May is squatting in Jeremy Corbyns rightful home is becoming non sensical now.
260 seats in no way shape or form gives more of a mandate to govern and run Brexit than 318 or whatever it is the Tories got. The progressive alliance doesn't even do it.
By all means push for another election and then worry about getting the extra seats to win that mandate.
Crazy
Corbyn said on last night's Panorama that Labour did not win the election. Reality has dawned on him.
And on the Sunday Politics, when did he claim to have won the election?
You can get 1.5% if you put some of your money away for 1 year (cash), which may be sensible, unless you feel you may need access to all of your funds.
The sheer nuttiness of some of the Labour supporters around the country somehow claiming that Theresa May is squatting in Jeremy Corbyns rightful home is becoming non sensical now.
260 seats in no way shape or form gives more of a mandate to govern and run Brexit than 318 or whatever it is the Tories got. The progressive alliance doesn't even do it.
By all means push for another election and then worry about getting the extra seats to win that mandate.
Crazy
Corbyn said on last night's Panorama that Labour did not win the election. Reality has dawned on him.
And on the Sunday Politics, when did he claim to have won the election?
He knows the result as well as everybody else and always has known it. He has done a brilliant job to get where he is, and there is great satisfaction with that, but there is still more to do. We all know that - some need to get over it!
@Coveredend and @rob7lee thanks for the advice. I would go to an advisor if I didn't think it will cost too much. At my age and inclination (tendency towards saving and caution) I simply thing the savings will see me out.
@Coveredend and @rob7lee thanks for the advice. I would go to an advisor if I didn't think it will cost too much. At my age and inclination (tendency towards saving and caution) I simply thing the savings will see me out.
Makes sense, maybe consider tying some up for a year or two. Worst case if you need the money you lose the 0.5% you would have got.
If you are nearing retirement consider putting as much in pension as you can, gets topped up by HMRC so immediate minimum 20% growth on day 1. Can be held in cash.
Yes. Dwell on that for a moment. When was the last time that inflation was THREE TIMES MORE than the best available cash deposit account for normal citizens?
Still, never mind such trifling details. We are taking back control, with a strong and stable government.
When inflation was close to zero in 2015, I remember many Labour supporters on CL ranting about how disastrous this was. Now it's picked up they still are.
I cannot say that I do. Maybe somebody was concerned about deflation. I cannot think why that would make that person a Labour voter. Perhaps they were simply an economics graduate?
Anyway It has not just 'picked up'. It is 163% more than the market leading savings account (Charter Savings bank, 1.1%). What will the government do to protect all those poor pensioners who cannot possibly invest their meagre savings in shares or whatever? Persuade the BoE to raise interest rates? What, to 2.5%? "Negative equity " scream millions of Tory voters. And this situation is entirely because of the Brexit vote.
For your information, Euro area inflation fell in the same period to 1.4% (i.e half that of the UK)
And to remind you, the UK decoupled from the Euro area economies in another important way. Eurozone GDP growth hitting annualised 0.7% in the first quarter of this year . And the UK?. It was the worst performing economy in the EU with growth of only 0.2%. That is right, worse than those 'basket cases' Italy and Portugal, that I seem to recall you are wont to deride. Yes, worse even than Greece.
Now does any of this sound familiar? Isn't it remarkably close to what you were warned to expect by all those "experts"? And what was your response to them? I seem to recall you were pretty dismissive. Might you not concede, faced with quantitative facts that perhaps they had a point after all?
Agree it's almost totally down to brexit. Seems from the headlines that at least part is down to the Euro v GBP exchange rates.
I do think interest rates need to rise as I can't see much else cooling down the property market, but as you indicate, just 2.5% will hurt a lot of borrowers. So what helps one party (pensioners/savers) hinders another. There are better paying accounts of course but tying your money up for 3 years to get 2%+ the only positive is they have risen.
Did NS&I do some form of pensioner bond, think my father in law took one although probably limited as to what you can put in, can't remember the rate.
Agree it's almost totally down to brexit. Seems from the headlines that at least part is down to the Euro v GBP exchange rates.
I do think interest rates need to rise as I can't see much else cooling down the property market, but as you indicate, just 2.5% will hurt a lot of borrowers. So what helps one party (pensioners/savers) hinders another. There are better paying accounts of course but tying your money up for 3 years to get 2%+ the only positive is they have risen.
Did NS&I do some form of pensioner bond, think my father in law took one although probably limited as to what you can put in, can't remember the rate.
I hate to tell you this, but the Sunday Times also informed me that the housing market is already cooling...
Are you thinking of an issue this year? It was 2% I think, but definitely limited to £3k max. Pathetic. When I saw that I really could not be arsed to go through the hassle of taking one out on my Mum's behalf. Previous such bonds had a 15k ceiling.
The conservatives have put themselves in an impossible situation with house prices:
Increase interest rates, hurt all your home owning voters = out of power Increase interest rates, lower house prices = damage the government investment in all those help to buy properties Do nothing = crazy house prices, hurt all your aspiration voters = out of power Do nothing = crazy house prices, eventual bubble bursting and then all of the above bad things, but multiplied.
The house market stagnated during the financial crisis, as soon as the Tories got in they should have jumped on it to keep it relatively flat by building more and faster than they have and preventing investors buying up tons of property. Instead they didn't build enough, they got themselves overly entwined with the housing market via help to buy, and their anti-landlord bills just hurt small investors whilst making no difference to the bigger players (including many MPs, I'm sure that's just coincidence) who own multiple rental properties.
Agree it's almost totally down to brexit. Seems from the headlines that at least part is down to the Euro v GBP exchange rates.
I do think interest rates need to rise as I can't see much else cooling down the property market, but as you indicate, just 2.5% will hurt a lot of borrowers. So what helps one party (pensioners/savers) hinders another. There are better paying accounts of course but tying your money up for 3 years to get 2%+ the only positive is they have risen.
Did NS&I do some form of pensioner bond, think my father in law took one although probably limited as to what you can put in, can't remember the rate.
I hate to tell you this, but the Sunday Times also informed me that the housing market is already cooling...
Are you thinking of an issue this year? It was 2% I think, but definitely limited to £3k max. Pathetic. When I saw that I really could not be arsed to go through the hassle of taking one out on my Mum's behalf. Previous such bonds had a 15k ceiling.
Cooling maybe the wrong word for what I meant, they are still going up just slower. They could do with a complete halt or a reduction (says someone who's been too lazy to sell their dads house).
Was probably last year, just looked on NS&I and the latest one is 2.2% if still available. £3k is crazy......
@randy andy not sure how much building would have helped the London bubble, there just isn't the land to build enough to make a difference. Certainly feels like that anyway.
Be interesting to see if the taxation on BTL makes much difference, stamp duty seems to have made a small amount.
Comments
260 seats in no way shape or form gives more of a mandate to govern and run Brexit than 318 or whatever it is the Tories got. The progressive alliance doesn't even do it.
By all means push for another election and then worry about getting the extra seats to win that mandate.
Crazy
As SR rightly says - Survation - the most accurate pollsters during the election are now polling a 6 point lead to Labour - advertisng your chaos to the electorate doesn't help you.
Still, never mind such trifling details. We are taking back control, with a strong and stable government.
Unless of course the Tories let May fight the next election.
It looks as if a bit of reality had dawned on the Tory bloke too.
Anyone know what current wage growth is? If inflation stays at this level or increases further as expected and wage inflation gets to nearer 3% do you think the BoE will increase interest rates? That could cool the housing market and keep inflation under check. In fact could be a way for the Tories to get the older generation back on side
I may have paraphrased that.
Mind you they say the inflation is because of the increase in cost of foreign holidays, seeing as how I hardly ever have a holiday abroad as such I should be all right.
The Tory in me says if I want a foreign holiday I should save up, the other Tory in me says it is OK to be buying a car on HP on 0% interest.
Dear Marje help.
http://www.independent.co.uk/news/uk/politics/election-2017-john-major-theresa-may-conservatives-dup-deal-violence-northern-ireland-a7787681.html
Obviously you always want a rainy day fund in cash, but may be worth considering starting a S&S ISA and paying a monthly amount in either new money or from your cash ISA (never pay in one lump sum).
The Average S&S ISA is up double digit % the last 18 months, many funds are up 15-50%. Obviously there are risks involved and you may want proper advice from a qualified FA but something to consider.
I would go to an advisor if I didn't think it will cost too much.
At my age and inclination (tendency towards saving and caution) I simply thing the savings will see me out.
If you are nearing retirement consider putting as much in pension as you can, gets topped up by HMRC so immediate minimum 20% growth on day 1. Can be held in cash.
Anyway It has not just 'picked up'. It is 163% more than the market leading savings account (Charter Savings bank, 1.1%). What will the government do to protect all those poor pensioners who cannot possibly invest their meagre savings in shares or whatever? Persuade the BoE to raise interest rates? What, to 2.5%? "Negative equity " scream millions of Tory voters. And this situation is entirely because of the Brexit vote.
For your information, Euro area inflation fell in the same period to 1.4% (i.e half that of the UK)
And to remind you, the UK decoupled from the Euro area economies in another important way. Eurozone GDP growth hitting annualised 0.7% in the first quarter of this year . And the UK?. It was the worst performing economy in the EU with growth of only 0.2%. That is right, worse than those 'basket cases' Italy and Portugal, that I seem to recall you are wont to deride. Yes, worse even than Greece.
Now does any of this sound familiar? Isn't it remarkably close to what you were warned to expect by all those "experts"? And what was your response to them? I seem to recall you were pretty dismissive. Might you not concede, faced with quantitative facts that perhaps they had a point after all?
Agree it's almost totally down to brexit. Seems from the headlines that at least part is down to the Euro v GBP exchange rates.
I do think interest rates need to rise as I can't see much else cooling down the property market, but as you indicate, just 2.5% will hurt a lot of borrowers. So what helps one party (pensioners/savers) hinders another. There are better paying accounts of course but tying your money up for 3 years to get 2%+ the only positive is they have risen.
Did NS&I do some form of pensioner bond, think my father in law took one although probably limited as to what you can put in, can't remember the rate.
Are you thinking of an issue this year? It was 2% I think, but definitely limited to £3k max. Pathetic. When I saw that I really could not be arsed to go through the hassle of taking one out on my Mum's behalf. Previous such bonds had a 15k ceiling.
Increase interest rates, hurt all your home owning voters = out of power
Increase interest rates, lower house prices = damage the government investment in all those help to buy properties
Do nothing = crazy house prices, hurt all your aspiration voters = out of power
Do nothing = crazy house prices, eventual bubble bursting and then all of the above bad things, but multiplied.
The house market stagnated during the financial crisis, as soon as the Tories got in they should have jumped on it to keep it relatively flat by building more and faster than they have and preventing investors buying up tons of property. Instead they didn't build enough, they got themselves overly entwined with the housing market via help to buy, and their anti-landlord bills just hurt small investors whilst making no difference to the bigger players (including many MPs, I'm sure that's just coincidence) who own multiple rental properties.
Was probably last year, just looked on NS&I and the latest one is 2.2% if still available. £3k is crazy......
@randy andy not sure how much building would have helped the London bubble, there just isn't the land to build enough to make a difference. Certainly feels like that anyway.
Be interesting to see if the taxation on BTL makes much difference, stamp duty seems to have made a small amount.