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Post by brokenkey on Oct 11, 2022 13:10:49 GMT
That does cover pretty much everyone who is currently drawing their pension. Quite a large overlap with people who voted Tory too, so you can see why the government mouthpiece is trying to play things down
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geefe
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Post by geefe on Oct 11, 2022 13:56:47 GMT
They've also probably done damage to the pension Tory vote anyway. These are people who've had good money and got used to it. Some of them will have actually played the long game, only to see this lot come right in and fuck it up.
It kills any trust or credibility of being sensible with finances.
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askew
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Post by askew on Oct 11, 2022 14:48:18 GMT
The IMF are obviously part of the Anti-Growth Coalition
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Frog
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Post by Frog on Oct 11, 2022 14:59:32 GMT
It's such a shit tactic saying people are part of the anti growth coalition as soon as you show any concern to their ludicrous plans.
But then again it worked with Brexit..
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Bongo Heracles
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Post by Bongo Heracles on Oct 11, 2022 15:02:20 GMT
Gary Stevenson is an absolute ledge. Im working until six because I started this vid to listen to in the background and just couldnt take my eyes off it.
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askew
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Post by askew on Oct 11, 2022 15:08:56 GMT
It's such a shit tactic saying people are part of the anti growth coalition as soon as you show any concern to their ludicrous plans. But then again it worked with Brexit.. Aye. I was reading the transcript from the current committee meaning and a Treasury minister used that phrase in response to a Labour MPs question.
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Post by Dougs on Oct 11, 2022 15:13:19 GMT
3 word phrases stick. Fair fucks, they've done their research.
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Post by Jambowayoh on Oct 11, 2022 15:13:25 GMT
It's such a shit tactic saying people are part of the anti growth coalition as soon as you show any concern to their ludicrous plans. But then again it worked with Brexit.. Aye. I was reading the transcript from the current committee meaning and a Treasury minister used that phrase in response to a Labour MPs question. It's almost as if you could replace the word 'anti-growth coalition' with just about any nebulous term, like, I don't know...'globalists', 'citizens of nowhere', 'elite from North London'.
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Post by Vandelay on Oct 11, 2022 15:16:13 GMT
It is kind of hilarious that it is ok to suggest that those who debate their plans are anti-growth in Britain and regular referring to their opponents as "talking Britain down", basically calling people traitors without actually calling them traitors, but say you detest the Tories and apparently that is dangerous language.
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Post by minimatt on Oct 11, 2022 15:32:01 GMT
absolute fucking cunts. this was one small, extremely overdue step to address some tiny bit of the unfairness heaped upon renters and tories always gonna tory www.bbc.co.uk/news/uk-politics-63215265
("Plans to ban no-fault evictions could be scrapped")
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Bongo Heracles
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Post by Bongo Heracles on Oct 11, 2022 15:41:59 GMT
They need no fault evictions to pass onto landlords who are prolapsing at the thought of rate rises. Get fucked, poor people.
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X201
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Post by X201 on Oct 11, 2022 15:46:20 GMT
absolute fucking cunts. this was one small, extremely overdue step to address some tiny bit of the unfairness heaped upon renters and tories always gonna tory www.bbc.co.uk/news/uk-politics-63215265
("Plans to ban no-fault evictions could be scrapped")
There's another important nugget in that story
"...is also considering relaxing rules on affordable housing.
Under current planning rules, developers must include affordable homes in any scheme of more than 10 homes. Mr Clarke reportedly wants to increase this threshold to 40 or 50 to boost housebuilding."
Not that they ever built the required amount under the current rules. Amazing what a donation to party funds can get you.
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geefe
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Post by geefe on Oct 11, 2022 15:49:57 GMT
But the free market can only take so much. People will pay what they can afford and the banks have the final say.
"Earn £30k but you want a £400k mortgage, and you're 35 already? Fuck off"
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Vortex
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is apparently a mangina.
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Post by Vortex on Oct 11, 2022 15:57:59 GMT
3 word phrases stick. Fair fucks, they've done their research. You've gone a few words over Dougs, Maybe we could cut it to 'fucks, they done' for the current state of the tories?
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Bongo Heracles
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Post by Bongo Heracles on Oct 11, 2022 16:04:57 GMT
I wish I knew where this magic money tree was that they expect people to continually pull bags of cash from. There is only a finite amount of money we can make flow upwards.
Eventually its going to be like when you fine a homeless person £1000 for vagrancy. People will just have to sell their Ferraris and gold plated toilets just to make rent.
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Post by Dougs on Oct 11, 2022 16:06:39 GMT
But the free market can only take so much. People will pay what they can afford and the banks have the final say. "Earn £30k but you want a £400k mortgage, and you're 35 already? Fuck off"
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Post by dfunked on Oct 11, 2022 16:14:02 GMT
What the fuck did they make that graphic in? Paint?
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X201
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Post by X201 on Oct 11, 2022 16:14:37 GMT
Be careful when you see average 90s house price figures.
The 90s house price data is skewed (don't know by how much, but it is an influence if it's included in the dataset being used) because of the huge discounts during the 'Right to Buy' council house sell off.
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Post by Dougs on Oct 11, 2022 16:21:58 GMT
That is a fair point. As for the graphic, I did think the same thing!
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Whizzo
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Post by Whizzo on Oct 11, 2022 16:23:44 GMT
What the fuck did they make that graphic in? Paint? It's free!
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geefe
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Post by geefe on Oct 11, 2022 16:37:11 GMT
Tbf when I see comments of "we need high interest rates again because we had them" there is a noticeable push back these days.
It does seem to be that people, rightly, are completely unable to withstand expensive mortgages.
Of course, that was the trade off. Either house prices are cheaper and mortgages have higher interest rates or you stump up for a mortgage with something stupid like £30k deposit but pay 2% on it.
They can't have both. The banks know this. The BofE knows this. Yet, somehow, Kwasi Kwarteng doesn't.
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cubby
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doesn't get subtext
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Post by cubby on Oct 11, 2022 16:43:46 GMT
Yeah people had high interest rates on £40-50k mortgages, not £250-400k mortgages.
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Post by Danno on Oct 11, 2022 16:50:18 GMT
Gary Stevenson is an absolute ledge. Im working until six because I started this vid to listen to in the background and just couldnt take my eyes off it. Wasn't sure whether you were serious because Bastani, but that was fascinating
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Post by Dougs on Oct 11, 2022 16:53:12 GMT
Yeah people had high interest rates on £40-50k mortgages, not £250-400k mortgages. As has been said before though, doesn't mean it wasn't hard as. It'll just be harder now and capture more people.
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dogbot
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Post by dogbot on Oct 11, 2022 17:00:30 GMT
Kwarteng is going to release the next part of his masterplan in 20 days, so we might yet have 17.5% interest rates on our 200k+ mortgages anyway.
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Bongo Heracles
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Post by Bongo Heracles on Oct 11, 2022 17:12:16 GMT
Wasn't sure whether you were serious because Bastani, but that was fascinating He asks the right questions and knows the guest is interesting enough to just let talk for 90 minutes, so fair play. I think it’s a genuinely important video. Money is so complicated and he explains how we are getting shit on incredibly well. ‘And then they just buy your mums house!’. Absolutely brutal.
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Post by Resident Knievel on Oct 11, 2022 17:54:06 GMT
Gary Stevenson is an absolute ledge. Im working until six because I started this vid to listen to in the background and just couldnt take my eyes off it. An hour and a half but I couldn't stop watching, eye opening and horrifying.
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Post by Reviewer on Oct 11, 2022 19:04:22 GMT
But the free market can only take so much. People will pay what they can afford and the banks have the final say. "Earn £30k but you want a £400k mortgage, and you're 35 already? Fuck off" The problem here is comparing data from the 20s with the 90s. That’s70 years different and The War had only just ended.
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Post by Reviewer on Oct 11, 2022 19:05:07 GMT
More seriously, people of the 90s didn’t have Netflix or buy coffees.
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cubby
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doesn't get subtext
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Post by cubby on Oct 11, 2022 19:06:52 GMT
And avacado hadn't been invented yet.
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