The Conservative Party

one of the less publicised off cuts of Right To Buy was the successful transfer of responsibility for tenants from Local Authority on to them. In the good times they just saw money. Cheap money. Cheap money to borrow and the ability to stick someone who could not get a council house in their house to pay the mortgage plus a modest premium with the capital value of the property rising like a rocket.

Then things went tits up and now they moan - money is not cheap nor is borrowing and the housing market is falling in value. What I don't think they ever really grasped was that the "market" never set the rate - it was always the level of housing benefit. I have spoken to many Estate Agents over the years and they will tell you that the local housing benefit amount set the rent like the Minimum Wage set the bottom level of pay. Housing benefit in and area is say £300pm - look in Estate Agents windows and guess what 2 bed terrace's start at £300pm rent. Its only know with this lot in charge you have them capping HB but borrowing going up and for some landlords £300 pm doesn't cut it and thats where you get the squeeze where people themselves on benefits or low incomes and claiming in work benefits being asked to bridge the gap between HB and what the landlord needs to pay the mortgage on what is now an asset that may be losing value

 
The Future’s Blue! said:
It’s all very nice but can you please explain what the Tories have done for the country in the last 13 years?
Click to expand...
About three months ago I looked at a payslip of mine from 2009 and put the annual salary in to the Bank of England inflation calculator (which uses the lower CPI rather than the more realistic RPI).
As per the calculator, I am £6,995 per annum worse off than I was in 2009.
That's over £130 per week no longer being recycled in the local economy.
No wonder one of the two pubs in the village has closed costing over 20 jobs and the other only opens three evenings a week, and that is because the landlord doesn't need a wage from it and can't get a buyer.

The restaurant has closed, the chippy has cut it's hours and the hairdresser has closed.
Time to eradicate the vermin of the Self-Servative party.
 
bluethrunthru said:
Click to expand...

Everything’s a surprise to Peston.

If two-year swap rates are at 5.6%, then gilts are essentially going to be the same. It’s not even the biggest issue for debt servicing costs either given that there’s more than £800bn of gilts in the APF being financed at Bank Rate, and over £500bn linked to the RPI.

And these numbers aren’t going to change materially anytime soon, regardless of who is in power.
 
Brewster's millions said:
Everything’s a surprise to Peston.

If two-year swap rates are at 5.6%, then gilts are essentially going to be the same. It’s not even the biggest issue for debt servicing costs either given that there’s more than £800bn of gilts in the APF being financed at Bank Rate, and over £500bn linked to the RPI.

And these numbers aren’t going to change materially anytime soon, regardless of who is in power.
Click to expand...
And whose policies caused these rates?
 
bluethrunthru said:
the man who started the ball rolling on Johnsons demise...... another by-election for Sunak

www.bbc.co.uk

Report due on groping allegation MP Chris Pincher

Sources familiar with the process said they expect the punishment for the MP to meet the threshold for a recall petition.
www.bbc.co.uk
Click to expand...

Why has it taken them a year to get to the point of getting rid of a brazen sexual predator?

In any other workplace that wouldn't be acceptable.

Yet this bastard got another year of his salary.
 
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