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For working tax credit, overtime payments do not have to be reported unless it's over £20,000 within the year(which is extremely unlikely), it used to be £2,000 but now it's £20,000
overtime payments will be added on to his salary on the next year's P60 but earning the next £10 would not cause tax credits to fall by as much as £10 so the employee is not missing out |
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punterfleecer 03 Jan 01:34
i can recollect my parents paying 15% interest on their mortgage under the tory government, which made us poor for a while! pmsl Do you also recollect what your parents paid for their property? My recollection is that the last time rates hit 15% (5-10-89) you could buy a nice detached house in the southeast for under £100k. Thanks to this fu(kwit Glubberments policy of "grow the population to grow the economy" and its failure to build any houses,or control debt through interest rates, you will now have to pay £600k+ for that same house, so what would you rather be paying 15% on a £100k mortgage or 4.5% on a £600k one, for the same property? being a Labour voter you probably need plenty of time to think about it. So tell us, would you want to be buying a house back in 89, or would you prefer to be trying to buy one today? |
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I'll reply quickly cos I haven't settled in for the night yet, I need to go somewhere
I have always been interested in finance and my mum and dad's house etc, so my figures are approximate but close They bought their detached house in the north for £30,000 in 1982 which apparently is a big deal of money in the north. They sold it for £58,000 in 1990 and bought another detached house that's actually smaller in which they still live in now for £58,000 does that not signify an almost 100% rise in house price in 8 years under the Tory government? |
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London is different from the North, it can be more erratic down there
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and building houses is down to its councils and private businesses which the Tories support.
Central Government shouldn't have to be responsible for building houses Have any Tory run councils built any new houses? |
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potlis 03 Jan 16:33
so tell us, would you want to be buying a house back in 89, or would you prefer to be trying to buy one today? Neither, glad I had the sense to buy my place in 2002 when I was 22 |
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Do you still have the swing door on that garage...?
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do you mean my mum and dad still have a swing door garage? yes they do
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Potlis-Punterfleecer, i survived the 70`s and 80`s When respective Governments had interest rates in 10%+, The bank of England Governer was Never independent and was always in the Governments pockets!!.
Interest rates were Always 1-2% Lower than they should have been near an Election. One thing i will say is "Never be Seriously ill under a Conservative Government, You will die before you get the Treatment" Quantative Easing There is much more Unemployment coming and Many tax rises etc for at least 2 Years, or you can become a "Sheeple" and believe whoever is in power!! |
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Labour government have been sacking 20,000 staff and another 5,000 to go til 2011 from HMRC since customs & excise and inland revenue merged together
I thought Tory voters would love that? |
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One more labour voter signing in :)
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punterfleecer 03 Jan 18:05
and building houses is down to its councils and private businesses which the Tories support. Central Government shouldn't have to be responsible for building houses So why did Mr Brown pledge to build 3million new homes when he walked into number10? since when we have seen a further collapse in house building, the lowest number of homes built in any decade since the second world war. |
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bin men,road sweepers,train drivers,postman,british airways,and i could name more,all soon to go out on strike.
Will just add to the Labour woes. Vote Tory,you no it makes sence |
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cos he saw that private home builders and the councils weren't doing enough!
and now the building of homes has been left to him when it shouldn't have been! and now we have this recession and with banks being so greedy and almost went bankrupt that would've fvcked the country right up!, do you think him and Darling invested so many billions into banks for a laugh? |
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westfour4 03 Jan 20:30
bin men,road sweepers,train drivers,postman,british airways,and i could name more,all soon to go out on strike. Will just add to the Labour woes. Vote Tory,you no it makes sence I know it makes no sense! |
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know- sense
Yep hold my hands up,slap of the wrist. I blame the keyboard. |
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if that lot get in again, we'll deffo go bust (if we don't anyway)
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punterfleecer 03 Jan 18:02
They bought their detached house in the north for £30,000 in 1982 which apparently is a big deal of money in the north. They sold it for £58,000 in 1990 and bought another detached house that's actually smaller in which they still live in now for £58,000 does that not signify an almost 100% rise in house price in 8 years under the Tory government? Obviously still affordable, and rather ironic, as your original post was claiming that for those with a mortgage at that time life was tough as interest rates were 14% under the Tories throughout 1990!! |
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£58,000 in 1990 affordable for those in the north?
plus with 14% interest on top? |
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we're not all Southerners you know!
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you have to bear in mind that my mum and dad's mortgage was still £30,000 in 1990 as they made £28,000 on the first house they sold and used that as deposit for the new house
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So you have told us why this fu(kwit Glubberment faield in its duty to build houses, now explain why the Tories did build.
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did the Tories build?
need figures also it has been said that there are hundreds of thousands of houses in the country that are empty right now |
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punterfleecer 03 Jan 20:38
£58,000 in 1990 affordable for those in the north? plus with 14% interest on top Completely swerving the points aren't you, it obviously was affordable else your parents would not have been able to sell it would they? And that someone was willing to buy it with rates at 14% makes a lie to the claim that mortgagees were struggling, its not the rate that matters its the price you pay. how many homes would sell at todays prices if rates were 14%? |
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actually funnily enough, new flats and houses have just been build right across the road from my place, they are not filled up, why not?
cos punters are willing not to be fleeced by private companies, these flats are way overpriced, and no-one is willing to buy it and they are not putting the house prices down to a reasonable level or else the company will go bust.......those flats and houses are "assets" to the bank, and the bank must be willing to wait until the housing market picks up those houses should be sold at a price right now, but it seems the company and banks are unwilling to do so |
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potlis 03 Jan 20:58
punterfleecer 03 Jan 20:38 £58,000 in 1990 affordable for those in the north? plus with 14% interest on top Completely swerving the points aren't you, it obviously was affordable else your parents would not have been able to sell it would they? And that someone was willing to buy it with rates at 14% makes a lie to the claim that mortgagees were struggling, its not the rate that matters its the price you pay. how many homes would sell at todays prices if rates were 14%? The couple that bought it off my mum and dad must've had a massive deposit themselves. I'm afraid I don't know regarding the situation of first-time buyers in 1990, do you? |
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punterfleecer 03 Jan 20:54
did the Tories build? need figures Look it up then (ONS) Its a fact that this Glubberments housing ministers keep getting reminded of, LOL,which is why we have a new minister every six months. |
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ok fine
but explain this punterfleecer 03 Jan 20:58 actually funnily enough, new flats and houses have just been build right across the road from my place, they are not filled up, why not? if they can't sell it, why are they not putting the prices down? |
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It's not just across the road, I'd imagine this to be happening all over the country?
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Sold to first timers in 1989, a large semi in Bromley, south London suburbs, £78K, paid £11K for it in 1975, double digit rates for most of that period, and thats my point, its the price not the rates.
That property would be out of reach for any normal first timer today because of price, they would happily pay double the rates at half the price. |
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£78k would be regarded as extremely expensive in 1989 up here
I'm not swerving here, but I don't think we can talk on the same level regarding house price between London, and houses near the English / Scottish border And in the Tory era, all the money was in London, I think Margaret Thatcher didn't give a fυck about the North |
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There's mansions in Dullater 2 miles away from me, selling for £250k 5 years ago, is that near your price?
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again you swerved from my question
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With prices rising again why would they not wait until the price comes up to meet them?, with financing so cheap they probably think they are sitting on an appreciating asset (they are wrong).
Much the same reason the banks are holding onto repossesed property instead of auctioning it off, as they were doing twelve months ago. |
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punterfleecer 03 Jan 21:28
again you swerved from my question What question? |
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punterfleecer 03 Jan 20:58
actually funnily enough, new flats and houses have just been build right across the road from my place, they are not filled up, why not? if they can't sell it, why are they not putting the prices down? This one |
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sorry wait you answered it, give me a minute to reply
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potlis 03 Jan 21:32
With prices rising again why would they not wait until the price comes up to meet them?, with financing so cheap they probably think they are sitting on an appreciating asset (they are wrong). Much the same reason the banks are holding onto repossesed property instead of auctioning it off, as they were doing twelve months ago. Well that's the answer I was looking for. So basically private builders and banks are encouraging house price rises? and what can the government do about it? This is an ongoing problem that was always going to happen and not whatever Government that's in power You also have the problem of is it worth it that the Government builds "council houses" because all over this country, there is this notion of "moving into a council house is for chavs" so no-one will move into them and that's a fact of life, in the same way we complain about windmills yet they are everywhere in the Netherlands If Gordon Brown has to face the attitudes of the potential house buyers that they'll not move into a "council house" then is it worth him spending the UK's money on houses no-one will move into and perhaps better off spending it elsewhere? |
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So basically private builders and banks are encouraging house price rises? and what can the government do about it?
He can start by Building the 3million homes he pledged, what are we suppossed to believe, its beyond the wit of this Glubberment to build and sell homes!! Its rediculous to claim its not the government responsibility to ensure the housing needs of the population are met,they may not succeed but they have a responsibility to try. As cancellor Brown simply poured more and more money into the same housing stock with rediculous schemes such as grants for essential workers, if you dish out £30k to house hunters without increasing supply you can guarantee that the exsisting stock will increase in value by £30k, all of those millions should have gone into building houses. |
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look at my post above
people in this country have a bad attitude towards moving into a "council house" they are scoffed at |