Osborne Gets His Soundbite | Nick Robinson
Moonbat V Chomsky | Charles Crawford
Beecroft is “S**t” | LibDem MP
News of the World Trailed Watson’s Mistaken Mistress | Indy
Shabana Mahmood MP Saves Brum Market | ITV News
Plan a Velvet Divorce for the €uro | Gideon Rachman
Truth About Romney’s Bain “Vampire Capitalism” | Wall Street Journal
Clegg’s Revenge | Nick Wood
Cleaning Out Stables | Biased BBC
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Norman Tebbit has a humble brag:
“We Maastricht rebels were derided and abused for opposing the single currency by the wise, clever, Guardianista soft centre left establishment from whom we now hear so little on the matter.”
The last Quango in Paris says:
Mr Bryant and Mr Watson managing to make the whole hacking affair look like a farce – the more they moan the less I care about the whole subject! So partisan it beggars belief at all costs. They cannot rise above it ! If I was to call the PM a ‘liar’ I would want to be VERY sure.
No good for savers.
Prudence for a purpose, anyone?
Prudence, 1997 – 2002. Cruelly taken from us in her prime. RIP.
Buy Gold!
Good man Bloom and bang on the money as always.
1% of the country pays 24% of the tax means that even a relatively small number of people leaving can have big implications for the country’s revenues
Try explaining this to a thicko socialist. They don’t get it.
they should use zopa then, not the greedy banks
Im getting about 8.5% return
8.5% sounds pretty greedy to me.
maybe.
But of course one might say “why do I get 0% on savings and someone else gets 20%”. “Wouldn’t it be nice to link such people together?”
I think the one word is actually “default”
Bank of England loans at 0.5 pct.
Banks hold mortgages at a minimum of 5.0 percent.
That is a tenfold mark up.
They spit on your 8.5 pct.
Can I suggest you worry about return OF capital, not return ON capital.
Why would anyone give you a riskless return of 8.5%? Just ask yourself why these people haven’t got EVERYBODY’S money? Ever thought that? May be it’s because some people, not many mind you, have more than one brain cell.
Inflation not a problem, obviously.
Bit of a balancing act, though. Keeping growth above 0% without resorting to QE is also quite important.
Extracting the economy from the mess it’s in won’t be quick, easy or painless.
Very true. The scale of the economic catastrophe which this coalition government inherited is being wilfully overlooked by the media.
If it’s all the fault of bailing out the banks, then when we sell our stake at a profit will the deficit go away?
If not, why not?
The part of the deficit that is not the fault of the banks is Margaret Thatcher’s fault.
Engineer @ 13,more & more people are acclimatising to the mess; eventually they will be so used to it they won’t even realise there is a mess.
Well, dammit, soddit and bugger.
The BOE advice is to spend it. You might as well, and it’ll stimulate the economy.
You could not make it up.
Bank of England seeks to impose a No Interest Zone.
Pity the Banks are still lending at rates of over 7%….
We get 6.5% on our £35m debt
When the economic clusterfuck hit in 2008, and base rates dropped to almost zero, most banks, credit card companies and lending institutions put the interest on credit (except mortgages) up by quite a lot.
Increases in base rates would have them doing the same all over again. Every movement in interest base rates has been seen as an excuse to increase interest on credit elsewhere.
And the clusterjobbie was whose fault exactly?
Sure as hell was not mine.
We are o.k. on our fat MP’s salaries and pensions. Oh oh oh good stuff being a socialist.
The economy is in ruins because of the one eyed jock twat and his bum chum pal Ed testicles the many with a boy for a wife.
Not according to the bbc, only this very morning it was broadcasting for the umpth time that it was the BANKERS. They are never, ever, ever going to blame McMental the cowardly turd.
Except wages aren’t going up by the same amount. Going to be interesting times…..
BTW – interest rates won’t go up significantly for months, if not years.
I’m just grateful the young people of today don’t come to their senses and slit our throats, thus solving many of the world’s problems at a stroke. So to speak.
What’s the point of putting interest rates up? It’s world commodity/energy prices that are driving inflation no domestic consumer demand. It wouldn’t bring inflation down, but would fark the economy with a recession and house repossessions.
Commodity prices are driven by the fictitious liquidity of QE and the necessary accompaniment of negative real interest rates.
That is why the Third World is confronted with ever higher food prices.
QE in America, UK and the world-wide stimulus packages of 18 months ago a sloshing around the world’s banks and being used to speculate in commodities futures.
That is why inflation happens.
The Banks are bust. Assets are over-valued.
The numbers are being ratcheted up (inflation) to keep the assets (inc. British property ) from imploding.
What the banks and govts fear is the wage/price spiral which is the only thing that will shift interest rates.
Mr Bag and I are in our 50′s. We’ve worked our arses off since we started work, back in the early 70′s and we don’t owe anyone anything and neither do our children.
I resent people like you tarring everyone with the same brush.
All sorts of people got a lot of money out of a magic pot when the house prices went up. Even if I did not encourage that behaviour, I still have to say thanks to all the debt burdened sods who bought into the housing bubble. As, no doubt, do you.
Thanks suckers.
JGM2
You really are full of yourself. We haven’t sold our house and have no intention of doing so to anyone from our children’s generation, or anyone else for that matter. Why do people like you always think that home-owners are out to make a fast buck?
The chip on your shoulder is a mile wide. I’d watch that if I were you.
I’ve worked my arse off and enjoyed every minute
I made a point above but used a bad word.
the housing bubble made lots of us lots of money. Without a bubble burst almost all of us could either downsize or move somewhere cheaper.
Its a massive windfall, and a massive luxury for all of us. And it would be a bit of a shock if it just disappeared.
“thanks suckers”
bugger.
They can rent property, if it’s too expensive for the little precious things to buy.
I quite agree. Not just the innumerate muppets who bought the houses, but the fuckwits who lent them the money.
Our house was bought and paid for long before Calamity Brown and his half-wit cronies screwed up the economy. The value of our house is determined by market forces as much as anything, and a little thing called supply and demand.
Previous governments should have invested money in affordable housing that was made available to ordinary working people, or given incentives to people to get off their arses, instead of being a fucking handout generation who couldn’t possibly do without the latest mobile phone. It’s all about priorities.
Nobody gave us anything.
How much are the materials on any product? What’s that got to do with the price?
you might say “so folk … can retire rich”
More generously, the housing bubble bursting properly would have all sorts of knock on effects, if nothing else massive pessimism in the market.
Its more like the government having a huge mound of shit and a very large and fast fan approximately 1 inch away from each other.
‘paper rich’ and ‘paper poor’ can both have serious implications. The former we’ve seen, the latter we could well see also.
Guido, please take note that this is my 2nd comment on this thread and apart from no1 the others are fake and not me.
We kinda realised. Socialist guff would not be coming from you.
and the typing was better too
Guido should send him to the Naughty Step again. It’s pretty bad form stealing other people’s monikers. A banning offence on most boards (which is why teh culprit’s here presumably).
Or wanking onto Hague’s bald head is another. Does he lie in bed at night dreaming stuff like that up or is it one of his own fantasies?
Who cares.. one thing’s for sure, he is a very naughty boy.
He embodies the case for the more repressive parts of the mental health act. Sad creatures such as he give the more authoritarian lawmakers an excuse to make our lives even more miserable than they are.
This is ace. Don’t have any savings and my benefits more than cover my Tracker mortgage, Cheers lads!
You aren’t as well off as someone on a half-decent salary, so don’t come it with us, chummy.
I would disagree, you see I am self employed!
I get everything I am ‘entitled’ to, I don’t cheat. If the system is so perverse that it adds to a comfortable life then it is your problem, not mine.
Just because you believe you are better off, doesn’t mean you actually are.
It seems you either earn so little as to also claim benefits that’s it not worth your while, or you’re scamming somehow.
Of course there are perversities, but I’m not sure they legitimately create ‘comfort’ very often.
The problem with earnings is you have PAYE (no discretion).
The upside of being self-employed is your taxed on your profit (income), after you have paid for most things anyway.
Quite legitimatly may I add, so what appears to be ‘not worth your while’ could end up being a comfortable life on benefits.
Why else do you think alot of eastern european gangs are setting up new immigrants as self-employed.
People need to wake up and smell the coffee, you might as well, your paying for it.
++My interest in socialism remains held at 0%++
We’re surprised it’s that high.
My only intrest is the death of socailisim.
+1
Can I borrow your printing machine Merv?
Economic criminals continue committing economic crimes.
Screw that, everything except savings is going up by about 20%
reality check anyone ?
Thank you MPC.
I know its the wrong decision but all the bank loans are on floating rates…so Phew!
But for who, telly ad… need cash now? we can help, small print at the bottom says rate equivalent to 4,200 % APR.
PFI rates.
Or MOD procurement value added tax.
The euro bond market interest rates are rising and the prognosis for the financial health of Greece, Portugal etc., deteriorates, IMO we will see a rerun of the financial crises of the past four years, at the end of the day tho’ I still believe “you can’t buck the market(s).”
So, my savings are being eroded by inflation, VAT’s gone up to 20%, fuel prices won’t stop climbing, my retirement age is rising, my pension fund keeps getting raided, the annuity it might buy keeps shrinking, comsumer confidence in the future is wobbly, commodity prices are rising sharply, the banks are still tight with lending,employers are still tied in red tape, the country’s spending billions on windfarms, overseas aid and the EU, the deficit hasn’t shrunk much yet (because public spending is still rising), and the national debt keeps on merrily rattling up.
Thanks a fucking bundle, Brown and Balls. One day, you’ll recognise the stinking, suppurating mess you made of a reasonable economy, and tender a grovelling apology to the British people. I’m not holding my breath, though.
Couldn’t have put it better myself.
Is now a good time for me to talk to you about the Big Society ?
Only because its a bicycle pump versus a lead balloon.
I left the coalition a golden economic inheritance.
Bigot. Where’s my Nokia?
It’s all Sue’s fault, the economy is in a mess!
Ask Sue.
Where’s Nokia?
Floating at about 6.25
Down from around 8.70 on 10th May 2010 when Gordon was last PM.
Everybody must have noticed the recent proliferation of outlets on every high street.. gold bought here, Gordon opened a shop called Bank of England… with big posters in the windows, 50% off Sale! (bankruptcy stock) cut price gold sold here, everything must go, relocating to new premises.
You left them a golden shower, a very different thing.
My minge smells of 18 day old chutney.
The wrong answer for the country – and yes I have a mortgage.
I just dont want to leave this mess for my kids to sort out.
yes of course, labour would have been much better. They would have printed money and the pound wouldnt have gone down at all. See. no need to steal my moniker I can spout shite all on my own,
Seriously – what effect does this decision have, if any? Isn’t it rather like the bank decreeing that the price of diesel is 95p a litre, when actually it isn’t?
It means fuckwit banks can borow money at 0.5%, and then lend it out at ten or twenty times as much. Nice work if you can get it, or, if you prefer, fascism.
billy 3m libor has only gone up 0.02% since november. it is currently 0.31%
0.81% Sterling 3mL, up from 0.74% in November. Still, see your point.
Good one about a QUANGO wasting money.
National Park authority charts wrong course
http://forargyll.com/2011/03/national-park-authority-charts-wrong-course/
Isn’t it wonderful that a strange mix of communism and capitalism a long long way away makes all the stuff we want, and charge us sod all to do that.
Bank Of England officers remaining “vigilant” on their inflation linked pension pots know doubt.
The BoE pension fund is about 95% index-linked bonds and gilts. They’ve stopped selling them to the common herd – a sure sign that stagflation will be with us shortly.
O/T But Intresting : http://dizzythinks.net/2011/03/ukuncut-breach-computer-misuse-act.html
Did you see me in parliament? Eh? No? That’s because I wasn’t there! Tee hee! I bottled appearing again! I’m up in Killkiddies doing a massive plop and scrawling on the walls in red crayon. Blooooooouagh!
1 minute ago: “Met Police Central e-crime Unit >> Full Confession >> @UKuncut Press release: UK Uncut Hijack Vodafone Website http://bit.ly/dEyHKb #ukuncut”
The r@pe of savers to keep the feckless borrowers enjoying their lifestyles continues.
Did anyone see the stroty in todatys Telegraph
http://www.telegraph.co.uk/news/uknews/crime/8370947/Pc-Nipples-and-her-colleagues-taught-boys-a-lesson-on-name-calling.html
Hours of Police time wasted because a few “naughty” 13 yr old boys reffered to a visiting Policewoman as PC Nipples hahahaha.
I would like to state for the record in sympathy with the boys
The visiting PC was a stupid fuckwit
now we think shes got shit tits
Well at least the Bank of England is consistent – I would say consistently wrong, but I can not deny the clearness of their policy.
They believe in “cheap money” and they stick to this – historians in the future (if there are any) will be able to see what the policy was.
Of course the American Federal Reseve is even more committed to “cheap money” – in fact in produces vast sums of money to buy American government debt. Although normally finds someway for Goldman Sachs (and so on) to profit from this – rather than just buying the bonds directly from the Treasury.
Merv the Mole is feckin useless. I cannot believe this twat is still at the BoE. he is a disaster
That is why the world is ‘inflating’.
Asset values and banks to be saved.
Inflation is caused by money available not commodities. And it is not inported in the sense that QE pounds are out there doing some of the damage.
And since QE and sucking value from tens of millions of savers, there is shedloads of cash…only ‘little’ folk don’t have it.
Where does one imagine the bank bonuses and rising profits come from.
It’ll be a couple of years yet before the banks achieve liquidity…..it’ll take time to fill the black holes.
Week before election:
FT100 = 5800
Interest rate = 0.5%
Inflation rate = 3.5%
Unemployment = 2.4m
Litre Petrol = £1.06
9 months on
FT100 = 5840
Interest rate = 0.5%
Inflation rate = 5%
Unemployment = 2.5m
Litre Petrol = £1.37
And none of the above are gonna get any better for a long time yet.
Just for the record… Last time seen in public – Warsi 20.01.2011. Her Dinner Party Foot In Mouth Incident. 50 Days ago.
She’s out and about, it’s just that she wears a burka these days.
Bank of England to savers: Drop dead.