Budget 2014

[Guinness Boy]

I'm sure you would think differently if :

a) You were on the bottom rung of the property ladder and wanting to upsize, maybe to start a family. The more your own property increases in value the bigger the gap tends to get between the levels.

b) If you had children - I really can't see how my children will ever be able to own their first property.

Well said

 

[Footsoldier]

I'm sure you would think differently if :

a) You were on the bottom rung of the property ladder and wanting to upsize, maybe to start a family. The more your own property increases in value the bigger the gap tends to get between the levels.

b) If you had children - I really can't see how my children will ever be able to own their first property.

I don't own anything or have children and my ashes will be scattered on the pitch within 10 years. But I agree that children will find it near on impossible to buy their own place. I can see it all going pear shaped sooner rafter than later. Prices keep going up but the bubble will burst and it'll be bigger than the 80s.

 

[banjo]

I'm off to spend a penny.

 

[Steve Foster]

I don't own anything or have children and my ashes will be scattered on the pitch within 10 years. But I agree that children will find it near on impossible to buy their own place. I can see it all going pear shaped sooner rafter than later. Prices keep going up but the bubble will burst and it'll be bigger than the 80s.

If milliband & his cronies get I then I agree.
The current regime are doing a sterling job in putting the economy right.

 

[portslade seagull]

So who the bloody hell is going to vote for Labour next year then, after the 13 years of recklessness we went through last time?.........

Not me useless feckwits .... the only policy they have is spend spend spend and spend some more

 

[Leekbrookgull]

.
Difference between Tories and Labour is that the Tories are prepared to trust people with their own money and Labour do not.....or even worse ,they want to spend it for them!

That Sir is exactly how i veiw Labour. Mrs LBG & myself know how best to spend/invest our hard earned money. Quite frankly if you see it any other way answers on a postcard please.

 

[Guinness Boy]

[TWEET]446363611972534272[/TWEET]

 

[The Antikythera Mechanism]

I don't own anything or have children and my ashes will be scattered on the pitch within 10 years

Chin up mate. You may be grumpy, but aim to hang around for more than 10 years

 

[Guinness Boy]

"Hardworking people do more of what THEY enjoy"

FFS. Man of the people Grant Shapps (or whatever his name is this week) there

 

[Alex Alex Dawson oo! oo!]

"Hardworking people do more of what THEY enjoy"

FFS. Man of the people Grant Shapps (or whatever his name is this week) there

Panem et circenses (bread and games/circuses).

 

[Guinness Boy]

Panem et circenses (bread and games/circuses).

Spot on.

 

[MissGull]

I'm hardworking, but don't go to bingo or drink beer, what's in it for me?

 

[Mellor 3 Ward 4]

The housing boom will collapse in tears once interest rates rise and see how people squeal for help them, the same people slagging off benefit scroungers etc now

And when rates do rise, as they will, and prices drop, how many people will be left in negative equity.

 

[Fungus]

Excellent, I can now invest £15 K in my ISA annually , only one small problem.

AND we'll all be able to buy up to £50k of Premium Bonds. Yippee.

 

[Ernest]

And when rates do rise, as they will, and prices drop, how many people will be left in negative equity.

Too many people especially in the south east have got mortgages thinking that the low rates will last forever , going to be a nasty shock when they rise for a lot

 

[Beach Hut]

Too many people especially in the south east have got mortgages thinking that the low rates will last forever , going to be a nasty shock when they rise for a lot

wise words, it will create another recession interest rates rising.

 

[Seagull on the wing]

Do you not think? All the OBR estimates (for what they're worth, they seem to change daily) are pointing in the right direction:

2014: growth of +2.7%, compared with +2.4% in the autumn statement

2015: +2.3%, compared with +2.2% in the autumn statement

2016: +2.6% compared to +2.6% in the autumn statement

2017: +2.6% compared to +2.7% in the autumn statement

2018: +2.5% compared to +2.7% in the autumn statement



The new deficit forecasts, versus the OBR forecasts in December:

2013-14: 6.6% of GDP, compared with 6.8% in the autumn statement

2014-15: 5.5% compared with 5.6% in the autumn statement

2015-16: 4.2% compared with 4.4% in the autumn statement

2016-17: 2.4% compared with 2.7% in the autumn statement

2017-18: 0.8% compared with 1.2% in the autumn statement

2018-19: A 0.2% surplus, compared with a 0.1% surplus in the autumn statement


And here’s the deficit forecasts in pounds, lower in every year than the OBR’s forecasts in December, and a surplus in five years.

2013-14: £108bn, compared with £111bn in the autumn statement

2014-15: £95bn, compared with £96bn in the autumn statement

2015-16: £75bn, compared with £79bn in the autumn statement

2016-17: £44bn, compared with £51bn in the autumn statement

2017-18: £17bn, compared with £23bn in the autumn statement

2018-19: A surplus of £5bn, compared with a surplus of £2.2bn in the autumn statement


Will be interesting to see Miliband's reply. Welfare cap and cuts to come, plus tories pinching some labour policies are surely what he will focus on.

Think you will find that they have shackled UKIP policies in some respects....there will always be winners and losers in a budget...the losers are smokers....and that is a filthy habit anyway.......a decrease in the pint....that makes a change and no increases in spirits and cider.
Benefit cap (UKIP) policy....one of the better budgets.

 

[Mellor 3 Ward 4]

Too many people especially in the south east have got mortgages thinking that the low rates will last forever , going to be a nasty shock when they rise for a lot

Agree 100%. But the problem the kids down here have at the moment is that they feel they HAVE to get on the property ladder now, for fear of missing out, and not being able to buy a property.

But by buying now, all they are doing is pushing prices further up.

I guess it just depends on when rates go up, and by how much, because they will. I'm afraid its going to end in tears for a lot of youngsters.

 

[Guinness Boy]

Agree 100%. But the problem the kids down here have at the moment is that they feel they HAVE to get on the property ladder now, for fear of missing out, and not being able to buy a property.

But by buying now, all they are doing is pushing prices further up.

I guess it just depends on when rates go up, and by how much, because they will. I'm afraid its going to end in tears for a lot of youngsters.

When Japan went in to recession in the 1990s from the "bubble" economy they tried to counteract it with interest rate drops. These have never really reversed in over 20 years. In fact interest rates dropped to zero and stayed there for a remarkably long time. This not only made property more affordable monthly but led to the return of a cash society - there being sod all point in banks promoting credit cards. Interestingly they are now looking at going back to zero rates again - http://www.investing.com/news/econo...rn-to-0-interest-rate-policy-possibile-272821

It is not guaranteed that we will go back to high interest rates. They have been low since Labour - yes Labour - handed control of them over to proper economists at the Bank of England. It was singularly the best thing that party ever did in terms of economic stability, though the net effect has been to price the common man out of property and hand low bills to bankers and solicitors.

 

[Bozza]

Ummmmm...