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Front page of FT. Massive cuts and tax rises. 30 to 40 billion out of the economy. I reckon at least 500k extra unemployed and they will be on less benfits.
If a hung parliament caususes £ selling how can they raise interest in this climate.
If a hung parliament caususes £ selling how can they raise interest in this climate.
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If the pound falls much further they will have no choice.
each empty house is worth 500 pounds month in housing benefit only...if the 'S' hits the fan.
Where will the money come from for the housing benefit.
Tax hikes, pay cuts, job cuts, unemployment, social unrest, divorces, ill health. Where; my dear; Chizel is the money to maintain this massively over inflated housing market coming from.
Sorry also the reverse multiplier effect of all the above must be added into the mix.
The people think its all over and all parties are coluding in keeping them in the dark. Well its not over we ahve leant aourselves the breathing space to get Labour to this election looking competant.
May & is payback time and the GBP will soon find out thats it is not all over. Its only justt begun.
John Lancaster in the Guardian writes whatever Government comes in they will have to make savage cuts. if they do not borrowers will charge unpayable interest on government loans. When in the end these cannot be apaid we will turn to The IMF who will force us to make these cuts in return for lower interest rates.
These will be the most savage cuts in modern British history says Lancaster. He advises any incoming government to amke them as soon as possible so they can do them on their own trms not the IMFs.
When will the policitians stop talking about how easy it is to be more efficient and make savings as if its just like a family having to stop dining out. When will they stop competeing on who can make the most tax cuts and do the most give aways. When will they stop competing on who can provide the most handouts?
The people think its all over and all parties are coluding in keeping them in the dark. Well its not over we ahve leant aourselves the breathing space to get Labour to this election looking competant.
May & is payback time and the GBP will soon find out thats it is not all over. Its only justt begun.
John Lancaster in the Guardian writes whatever Government comes in they will have to make savage cuts. if they do not borrowers will charge unpayable interest on government loans. When in the end these cannot be apaid we will turn to The IMF who will force us to make these cuts in return for lower interest rates.
These will be the most savage cuts in modern British history says Lancaster. He advises any incoming government to amke them as soon as possible so they can do them on their own trms not the IMFs.
When will the policitians stop talking about how easy it is to be more efficient and make savings as if its just like a family having to stop dining out. When will they stop competeing on who can make the most tax cuts and do the most give aways. When will they stop competing on who can provide the most handouts?
Any prospective government's primary concern is getting elected. Not sorting out the budget deficit and paying back our debts.
Sorry Live 4 but any governemnt, Labour , Conservative of Liberal or combination will have to get the deficit sorted.
Melv
Rates are going nowhere , we will be taxed more, and inflation shoudl come under control. I can see no doomsday scenario, investors seem relatively sweet on UK debt at present, as it si clear that the UK is no Greece or Ireland! I simply do not buy your concerns, and certainly dont believe them!
Melv
Rates are going nowhere , we will be taxed more, and inflation shoudl come under control. I can see no doomsday scenario, investors seem relatively sweet on UK debt at present, as it si clear that the UK is no Greece or Ireland! I simply do not buy your concerns, and certainly dont believe them!
They will have to yes, but it should never have got to this stage in the first place. We are supposed to be one of the world's most advanced economies. Why are a trillion quid in debt?
Last year the government borrowed the equivalent of £2,500 for every man, woman and child in the country. This is money that has to be either paid back, or inflated away.
As I said a prospective government's priority is getting elected, that's what they are most concerned with. Once they are elected, their main priority is staying in power. That's how governments work unfortunately.
Yes they do need to get the deficit under control, but whether or not they are capable or willing to do just that is another matter altogether.
Last year the government borrowed the equivalent of £2,500 for every man, woman and child in the country. This is money that has to be either paid back, or inflated away.
As I said a prospective government's priority is getting elected, that's what they are most concerned with. Once they are elected, their main priority is staying in power. That's how governments work unfortunately.
Yes they do need to get the deficit under control, but whether or not they are capable or willing to do just that is another matter altogether.
Live 4
The point is that much of th bail out money is secured about hard assetts, namely the banks!
The return of taxpayers money is dependent on a recovery, which has most crtianly begun. The deficit could have been even worse than this, and of course could get a lot worse if policy changed to jeopardise the recovery. Interst rates are therefore going to stay low until the deficit is falling or banks are sold for a profit!.. A long time!
The point is that much of th bail out money is secured about hard assetts, namely the banks!
The return of taxpayers money is dependent on a recovery, which has most crtianly begun. The deficit could have been even worse than this, and of course could get a lot worse if policy changed to jeopardise the recovery. Interst rates are therefore going to stay low until the deficit is falling or banks are sold for a profit!.. A long time!
desperately trying to shift a 2 bed flat at the mo before the ass falls out of it once again, anyone fancy a nice little place in south wales for 70k ?
Melv
I actually agree that it probably isnt a bad time to sell....Or Buy for that matter!
I actually agree that it probably isnt a bad time to sell....Or Buy for that matter!
Absolutely Denis .... another great example of fence sitting by mortgage guru chisel ......
Chisel,
You should bookmark this thread. When, in 2 years time, prices have either risen or fallen you can point out that you correctly called the market.
You should bookmark this thread. When, in 2 years time, prices have either risen or fallen you can point out that you correctly called the market.
Forgetting all the economic factors which are inevitable after the election and can only have a negative affect on house prices , I think most people agree that current house prices in relation to wages are simply too high.
At the moment sellers have a false and unrealistic view of what their house is worth based on peak prices.
But things have to change. Sellers are going to have to become price takers and not price setters.
At the moment sellers have a false and unrealistic view of what their house is worth based on peak prices.
But things have to change. Sellers are going to have to become price takers and not price setters.
Chisel sees what chisel wishes to see.
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chisel 24 Mar 12:49
Owls
The CPI level falling to 3% from 3.5% gives BOE policymakers the green light they needed to continue with the policy for low interest rates. Surely you can not disagree with this?
CPI falling is an indication that their predictions are completly accurate. As this year progfresses CPI will fall, and provided we dont get any silly or unforseen events , the beginning of 2011 will inevitable see CPI go negative
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chisel 24 Mar 12:49
Owls
The CPI level falling to 3% from 3.5% gives BOE policymakers the green light they needed to continue with the policy for low interest rates. Surely you can not disagree with this?
CPI falling is an indication that their predictions are completly accurate. As this year progfresses CPI will fall, and provided we dont get any silly or unforseen events , the beginning of 2011 will inevitable see CPI go negative
Potlis
Do you disagree then? It is laughable that you can not see. CPI is based on 1 year previous , and as March 2009 drops off the chart march 2010 joins it!. Oil prices have increased dramatically rom a low of $45 and January saw VAt return to 17.5% . Jan 2011 will becomparing a like for like VAT encvironment , which inevitably will lead to falls in CPI. Last year , CPI did not fall as much as expected, but did fall below teh BOE forecast and target of 2%. This shows that Bank policy worked, as the entire reason for cutting rates was to stop deflatioon and stimulate growth. To this end QE and low interest rates worked. The bank of England now expects CPI to fall again later in teh year, and the same target has to be met, so I expect the same policy to continue. BOE have already signposted this policy .
In addition , Lloyds today announced it has returned toprofit. This is massive news for the Taxpayer, as an increase in teh share price means a potential return for teh taxpayer, and also suggests that bnak lending may increase as the year goes forward
Do you disagree then? It is laughable that you can not see. CPI is based on 1 year previous , and as March 2009 drops off the chart march 2010 joins it!. Oil prices have increased dramatically rom a low of $45 and January saw VAt return to 17.5% . Jan 2011 will becomparing a like for like VAT encvironment , which inevitably will lead to falls in CPI. Last year , CPI did not fall as much as expected, but did fall below teh BOE forecast and target of 2%. This shows that Bank policy worked, as the entire reason for cutting rates was to stop deflatioon and stimulate growth. To this end QE and low interest rates worked. The bank of England now expects CPI to fall again later in teh year, and the same target has to be met, so I expect the same policy to continue. BOE have already signposted this policy .
In addition , Lloyds today announced it has returned toprofit. This is massive news for the Taxpayer, as an increase in teh share price means a potential return for teh taxpayer, and also suggests that bnak lending may increase as the year goes forward
PMSL, utter rollox chisel, nothing new for you though!
Whats VAT being reintroduced in January got to do with last months jump? we have heard all this ar$e covering rubbish before chisel, I can dig some of it up for you, if you like, where is that inevitable deflation then? you were peddling it long after rate cuts and QE.
Don't know how you have the front to mention inflation, you have been wrong, wrong, wrong the whole way, yet still seem to think you have a clue.
The BOE has to convince itself inflation will fall, it has no choice on rates, because it allowed you debt peddlers to paint it into a corner and now its stuck there.
BTW, what the fu(k has Lloyds bank got to do with you knowing $hit all about inflation?
Whats VAT being reintroduced in January got to do with last months jump? we have heard all this ar$e covering rubbish before chisel, I can dig some of it up for you, if you like, where is that inevitable deflation then? you were peddling it long after rate cuts and QE.
Don't know how you have the front to mention inflation, you have been wrong, wrong, wrong the whole way, yet still seem to think you have a clue.
The BOE has to convince itself inflation will fall, it has no choice on rates, because it allowed you debt peddlers to paint it into a corner and now its stuck there.
BTW, what the fu(k has Lloyds bank got to do with you knowing $hit all about inflation?
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