General Election - 8 June 2017

[Barrykearley]

Ahhh rose tinted glasses socialism I get it.

the reality is very different

we have Kev and Chesney who can't be bothered and will never work as it's generationally accepted and never challenged - they smash Tiffany senseless as she fancies a free ride as well - and so the state picks up the bill for this utter lack of responsibility.

we have fat Eric and Julie - who have bad knees and hypertension - a free car, magic money tree in the lounge and just sponge relentlessly in free adaptations to their house to make it ok for them.

then we have pablo who's a fighting age man running away from his country of birth like the yellow coward he is - we just welcome him with open arms and throw him handfuls of money. 

All the while - lets tax the crap out of the working man - that devil of society whom has grafted his whole life and has accumulated through sweat and graft some property and savings - he's scum, rich and exploitative of society - he needs taxing to death and his wealth spread around.

 

im sorry - but the system is utter bollox. If something isn't done the scum like Kev, chesney, Tiffany, fat Eric and Julie just double every 16years

[Chillidoggy]

Hang on a minute.....didn't the Labour manifesto include renationalisation of the railways and utilities? I thought that was the Corbyn grand plan, wasn't it? Maybe I missed something, that has to be it.

[Gashead1105]

Ah but the railways and utilities isn't 'everything'. I mean, it doesn't include.... Ummmmm.... Hang on a minute I'm almost there.... Of course, the ferries! Or BA!

[Barrykearley]

Sod the railways and utilities 

what about the rights of poor old Kev, chesney, Tiffany, fat Eric and Julie and pablo...

[Chillidoggy]

1 hour ago, Barrykearley said:

Sod the railways and utilities 

what about the rights of poor old Kev, chesney, Tiffany, fat Eric and Julie and pablo...

They'll no doubt be the subject of a Channel 4 documentary , and get paid for it. John Snow would be the perfect presenter following his disgraceful Glasto performance. That should keep them in Kestrel and pizza for a few weeks.

[Alfa2Evora]

[pete]

We are just told that household savings are at their lowest since the 1970s running at 1.7% of income. No-one can say that is a healthy state of affairs in our free enterprise society. Personal cerdit is running out of control with all the stress and depression that defaulting brings to a household.

 

Surely that has as much to do about the low interest rates as anything else

[Barrykearley]

https://en.m.wikipedia.org/wiki/Lies,_damned_lies,_and_statistics

 

Successive governments of all colours have always spun the truth to tell the story they like.

its all shit. If you want to get on in this country you can - but the left will try to shoot you down when you do get on.....

Credit of the unsecured type needs stamping on and damn hard. Payday loans first and then credit card companies - followed by catalogues and store cards. The young should get more access to secured mortgages without the pishe that's currently going on

[Bibs]

11 hours ago, pete said:

1.7% of income

I'm sure it's of GDP. 

I'm also sure that 40% of people have less than £100 tucked away, which is rather scary. 

[C8RKH]

FFS if people are so stupid they live way beyond their means and run up such huge debt then more fool them. If people don't tuck some emergency cash away then more fool them.

I have a friend who is always complaining she has no money. She goes out shopping 3 or 4 times a week. She has shoes still in boxes unworn. Loads of them. She has clothes still with the tags on. All unworn. Loads of them. She has loads of money it's just that as she gets it she feels she has to spend it. Even on stuff she doesn't need.

I feel sorry for the people who genuinely have no spare money and worry from day to day if they have enough cash to buy food. Or pay the bills. Just to survive. That's bloody stressful, a real shit place to be.

But many of the people referred to here are in debt to their eyeballs because they are stupid. I have money. I worry how to make ends meet but they hVe 2 expensive cars, nice expensive branded clothes and 2 holidays a year.  FFS people like that deserve no sympathy and deserve all their self induced stress and deserve the pain that comes with defaulting and they don't deserve my taxes to bail them out!

[Barrykearley]

^^ and it's this kinda bloke who JC would like to tax very very heavily indeed. Hes for far too much and all at the expense of Kev, Chesney, Tiffany fat Eric, Julie and Pablo.....

[Dan E]

Tell you what Barry you are 100% right on this payday loan stuff, I saw something on the tv the other day and I might bE making this up but the APR was something like 1004%. Now how any Govenment can allow that to happen is beyond me. 

The people who take out these "loans" have absolutely no idea what they are doing so it needs to be stopped. I hate to think what happens if you miss a payment. In fact I don't think you should be able to get a loan under £1000. The max interest rate needs to be fixed. The fact these companies can afford to advertise on TV tells you something. 

If I was in power that would be the first thing I would do, then obviously free up the outside lane of the M25 to Lotus owners and people I like only ?

 

[Chillidoggy]

To be fair, women are genetically programmed to buy shoes even though they don't need them. They just can't help it, and indeed will even give brand-new shoes away they've found still boxed in the back of the wardrobe and haven't worn, to charity shops. 

[Dan E]

Ian, after another pair of shoes turned up last week, I went and counted 57 pairs. I have 3 pairs of desert boots a couple of pairs of work shoes, 2 pairs of trainers and some steel toe caps for site. 

Told her if anymore turn up I am going to dig out my Black and white Jam shoes from the loft and wear them everywhere ?

[silverfrost]

26 minutes ago, Dan E said:

Tell you what Barry you are 100% right on this payday loan stuff, I saw something on the tv the other day and I might bE making this up but the APR was something like 1004%. Now how any Govenment can allow that to happen is beyond me. 

The people who take out these "loans" have absolutely no idea what they are doing so it needs to be stopped. I hate to think what happens if you miss a payment. In fact I don't think you should be able to get a loan under £1000. The max interest rate needs to be fixed. The fact these companies can afford to advertise on TV tells you something. 

If I was in power that would be the first thing I would do, then obviously free up the outside lane of the M25 to Lotus owners and people I like on

Dan 

Sadly this happens as some of our members of parliament actually own very large stake holds in these rip off payday loan companies. 

You have to remember that these are the same scumbags that stole lots of the tax payers money in the expenses scandal that has long been forgotten and swept under the carpet with no criminal charges handed out. If the shoe was on the other foot though normal folks would be sitting in prison right now for such crimes. 

So no chance the government will stop these firms as some mp s know no shame unfortunately !

[Dan E]

There is also a very interesting article in the Sunday Times today about JC's vision of Britain now reflecting back to the 70's if you have the paper read it. It is in main paper and about why it won't work, I remember the 70s and having Sunday dinner without any meat and my parents struggling with their mortgage. 

Well worth a read 

[Barrykearley]

Payday loans have been capped on fees - but it isn't enough. The puppets need stringing up and the companies dissolved. They are an absolute disgrace. The trouble is the dumb will take out the loan no matter what to go out and get pissed and do a load of columbian marching powder on a weekend. These dumb idiots need saving from themselves

[silverfrost]

Funny thing is I was having a discussion about the economy this afternoon with family over dinner.  The main topic was is another recession on the way and what the government would be able to do to try and make it have less impact ! 

They can't drop the intrest rates any more if a recession did happen and as said by others way to many people lIving beyond their means. 

I was lucky enough not to have a mortgage hanging around my neck in the recession in the 90s but lots of folks I no who did actually lived of jam sandwiches as the mortgage rates that had not been fixed went 3 x the normal monthly payment ! 

Scary times during that era, nothing compared in comparison to the little one we had in 2008 

 

[Dan E]

Dan I didn't realise that. But what pisses me off is I understand APR like I am guessing most people on here but loads of people don't and unfortunately these are targeted at them people. 

I had this with an apprentice, who just happened to mention he was buying a Peugeot on finance from some 2nd hand dealer  I said before you do anything show me the finance agreement. Now this lad is a hard worker, comes from nothing and has shared a bedroom with his brother in a council flat since he was born. Etc, etc. 

Well it was a disgrace, they knocked off £500 off the asking price then put it back on 6 times on the finance. He didn't have a clue thought he had negotiated a cracking deal. In the end after they kept calling him, I said, take me down there. I rarely lose it with people in cheap suits but that day I did. 

Do you remember how hard it used to be to a loan and a mortgage? I liked that. It's still happening now, I spend everything I can on a BA Amex card for the air miles pay it off every month. Well if you could see the credit limit now it's a joke I could literally go buy a Evora 410 tomorrow I couldn't afford to pay for it but I could buy it. 

 

 

[Dan E]

Barry so what has it been capped at then? I missed that bit of news. 

[Barrykearley]

I think it's at double the money you borrow - so a £100 loan - max repayment is £200

its daft. It need stopping and now.

another old con is the car finance flat rate finance - fuck me how do they getaway with that? When I bought my new work van and they tried to sell it to me via that method I nearly lost it big time with the bloke.

last recession ? What recession?? I never noticed - went self employed just as it all went tits up 

[Gashead1105]

Having spent the past 8 years enjoying the fruits of a variable rate mortgage that was originated in the last days of the old 'boom', I've bitten the bullet and fixed for 10 years at just over 2.6%. The monthly payment has gone up a fair bit but I can't help thinking that it will look a good move in a few years time. There are rate and tax rises coming and at least this way I have certainty of costs for the next decade. And with a decent bit of inflation and a following wind, it might even be repaid at the end of the fixed term! 

[C8RKH]

Bought my first house in '87 and the interest rate was around 4.5%. 18 months -2 years later it was 17%. That was bloody painful and the happiest day of my life was a few years ago becoming mortgage free. Will never go back for another one!

never understood why anyone would go for an interest only mortgage and amazed at the recent sob stories, I mean news stories of the people who took out interest only 20 odd years ago and have only just woken up to the fact tgey still need to pay off the original capital loan.  FFS, how stupid can you be? I mean, the clue is in the name "Interest Only!"

[Barrykearley]

^^ JC will be after you then rich boy ???

[C8RKH]

Lol. Wish I was a rich boy. I'd have a garage full of Loti.....