Autumn 2017 Budget

[mjr]

[QUOTE 5051146, member: 43827"]No bike or car for me. I'll spend my windfall on one of these...

View attachment 384250 [/QUOTE]
Good! Some of the most militant campaigners against parking on and barriers across cycleways around here ride those - and I mean really militant. They seem to think nothing of removing wing mirrors to clear their way or hammering on the doors of lorry drivers to get them to move. The more the merrier. I just wish they went slightly quicker so they were more use for drafting

 

[Tim Hall]

I always enjoy Theresa Mays 'Power' Necklaces.

IRTA "pearl necklaces". Soz.

 

[Tin Pot]

Do I need to see the budget details? I’m going to take a wild guess and say that I’ll be paying more* tax next year.

*Once you’ve finished piddle arsing about with all the various hangers and inflation.

Or is that too political?

Did he wear a blue or red tie?

 

[Tin Pot]

You'll be voting ruddy Tory next.

 

[NickNick]

0.3% average price increase is the harm, which wipes out half the saving, so it's not making it much easier or cheaper for first time buyers. It's a tax cut that primarily benefits people like me, which seems wrong.


So? To buy a house, you already need to have saved and/or financed enough to be confident of paying the purchase price and all the various hard-to-estimate fees, so I suspect £1000 reduction probably isn't going to make many buy who wouldn't otherwise.


Then they'll be benfitting from this tax cut, unlike first-time buyers.

Don't forget the banks, they'll benefit from the increased interest you'll have to pay as a first time buyer in order to cover the increase in house price.

 

[Fab Foodie]

Everything is going up.

You ommited the word ‘ titz’

 

[gavroche]

Could someone tell me where the government borrows the money from ? Is it from the banks we bailed out not so long ago? Doesn't that give the banks leverage to influence governments?

 

[Tin Pot]

Could someone tell me where the government borrows the money from ? Is it from the banks we bailed out not so long ago? Doesn't that give the banks leverage to influence governments?

Urgh, without politics?

No.

They borrow in many different ways. To understand you first have to reject any notion that state like is like household debt.

https://en.m.wikipedia.org/wiki/Government_debt

So, very simplistically they can sell bonds to anyone who will buy them, or borrow money from other countries/organisations.

 

[Fnaar]

I can lend them a tenner if they want...

 

[User482]

Could someone tell me where the government borrows the money from ? Is it from the banks we bailed out not so long ago? Doesn't that give the banks leverage to influence governments?

It creates it out of thin air.

 

[Tin Pot]

I can lend them a tenner if they want...

You can only lend them a ton, or more.

Download a form and send of with a cheque...
http://www.dmo.gov.uk/index.aspx?page=Gilts/Retail_Brokerage

If lending to the gov gets you going, how about lending to banks...? They’ll pay you interest(!)

http://www.hl.co.uk/shares/corporate-bonds-gilts/bond-prices/gbp-bonds

Unsurprisingly, this is not a quick way to get rich...

 

[Tin Pot]

It creates it out of thin air.

No politics in the café, please.

 

[User482]

It's a statement of fact, not a political point. Try to keep up.

 

[Tin Pot]

It's a statement of fact, not a political point. Try to keep up.

That is literally untrue.

It is a political view of government borrowing.

 

[User482]

That is literally untrue.

It is a political view of government borrowing.

No it isn't.