Interest rates up 0.5%!

[Vindec]

Re: Interest rates up 0.5%!

................................. and half their time blaming the opposition for how shit it is.

I'm not aware of that. Any examples?

[Doucas]

Re: Interest rates up 0.5%!

For a start thats America?

The facts look way out too!

Seriously you want to forget about this sort of jelousy, you can't help when you are born, but you can decide if you want to make the most out of your life, or constaly moan that life would have been better if this or that had happened.

Spend less time on here moaning about the torries and get on with your career, crying on here is not going to change anything!

Mental post. So when I prove things are shit you say 'stop moaning' while people like you repeatedly vote for right wing governments that cause this shitness.

And back to this jealousy thing, I'm doing alright, many my age aren't, many younger are struggling and the trends aren't getting better.

I said this last week, I was accused of being jealous at first, then I said I was doing alright and I got called a champagne socialist, so tell me how much wealth should I have before I can complain that things are shit?

[A Quiet Monkfish]

Re: Interest rates up 0.5%!

It was far easier to buy a house in the 1970s than it is now, I don't know how this can be denied? I'm still waiting for someone to address the glaring white elephant in the room that boomers at the same age owned 7x more wealth than millenials at the same age. I don't know why people are ignoring this fact and just denying that financially selfish older generations have ****ed younger ones over big time.

source- https://www.marketwatch.com/story/th...ers-2019-12-04

How the heck do you know ? You can buy a new 2 bed just outside Cardiff for £250k A 90% mortgage will cost you £1100. You can get mortgages from practically everywhere - the Govt. will even chip in. I had to do odd jobs, save for 3 years with one of only 3 or 4 places you could get a mortgage - then once I'd saved up with them I had an 'interview' . No furniture/carpets, no white good. I had F. all. In those days you just went out and got on with it. Not a penny from my folks, and I didn't expect it either..

[dml1954]

Re: Interest rates up 0.5%!

I'm 33 now, since I've been an adult I've never known a good economy. Is this really the best we can do? The tories are economically illiterate, you're a fool if you believe otherwise.

Why do you peddle this rubbish ? Labour were in power from 1997 to 2010 and wrecked the economy. Blame them. Its taken the last 12 years to try to recover from what they did and now we have had a pandemic to deal with and Ukraine war as well. Employment and tax revenues are at record highs anyway.

[the other bob wilson]

Re: Interest rates up 0.5%!

Why do you peddle this rubbish ? Labour were in power from 1997 to 2010 and wrecked the economy. Blame them. Its taken the last 12 years to try to recover from what they did and now we have had a pandemic to deal with and Ukraine war as well. Employment and tax revenues are at record highs anyway.

The economy was wrecked by a worldwide crash in 2008. The Conservative opposition of that time backed the measures Labour took to stop a run on banks - if Labour did wreck the economy, they did it with the backing of the main opposition parties.

[Lither_1927]

Re: Interest rates up 0.5%!

Don't be silly, mun. We're still paying for the fact Labour screwed the world economy in 2008.

Well in a famous speech, master of the universe chancellor Gordon Brown assured the City Of London that he had ended "boom and bust" which encouraged everyone to borrow and gamble. He also spent like crazy during the good years. And sold off loads of gold reserves at the bottom of the market. So yeah, Labour must take some of the blame.

[dml1954]

Re: Interest rates up 0.5%!

The economy was wrecked by a worldwide crash in 2008. The Conservative opposition of that time backed the measures Labour took to stop a run on banks - if Labour did wreck the economy, they did it with the backing of the main opposition parties.

Gordon Brown sold off all our gold reserves for a start, against everyone's advice and cost the country billions. You try to wriggle your way out of the mess Labour made of the economy by blaming it on a worldwide crash (which was at least partly caused by the actions of a labour government anyway) whilst at the same time blaming the Tories for the recent problems with the economy which have been caused by Covid and a war in Ukraine. Make your mind up. Labour backed most of the measures related to Covid and the war but notably voted against the will of the British people all the time during Brexit.

[North Cardiff Blue]

Re: Interest rates up 0.5%!

I'm with you on that. The problem is that the Tories spend half their time telling us how good the economy is and half their time blaming the opposition for how shit it is. Just a bit of honesty would be nice.

The economy is not great and the volatility is terrible, there has been five years of Brexit, Covid and the Ukraine War and it has had a nasty affect on all of the economies of the World, but especially us with Brexit in addition to the rest of the problems.

[Lither_1927]

Re: Interest rates up 0.5%!

The economy was wrecked by a worldwide crash in 2008. The Conservative opposition of that time backed the measures Labour took to stop a run on banks - if Labour did wreck the economy, they did it with the backing of the main opposition parties.

British Banks were told by Gordon Brown that he had ended boom n bust. They acted accordingly, borrowed and gambled with abandon then had to be bailed out when the bust came. By none other than ......Gordon "an end to boom n bust" Brown.....at HUGE cost to the taxpayer.

[the other bob wilson]

Re: Interest rates up 0.5%!

Didn’t most working class folk reside in well built council housing stock in the 70’s ?

I thought “right to buy” and the obsession with owning your own home was initiated under Margaret Thatcher ?

https://www.inkpendownie.co.uk/a-ver...n-the-70s.html

My parents bought our council house in the mid seventies - from what I remember it was as part of a council scheme.

[Lither_1927]

Re: Interest rates up 0.5%!

It was far easier to buy a house in the 1970s than it is now, I don't know how this can be denied? I'm still waiting for someone to address the glaring white elephant in the room that boomers at the same age owned 7x more wealth than millenials at the same age. I don't know why people are ignoring this fact and just denying that financially selfish older generations have ****ed younger ones over big time.

source- https://www.marketwatch.com/story/th...ers-2019-12-04

Mass immigration has caused house prices to sky rocket and price millenials out of the market.

[North Cardiff Blue]

Re: Interest rates up 0.5%!

Mental post. So when I prove things are shit you say 'stop moaning' while people like you repeatedly vote for right wing governments that cause this shitness.

And back to this jealousy thing, I'm doing alright, many my age aren't, many younger are struggling and the trends aren't getting better.

I said this last week, I was accused of being jealous at first, then I said I was doing alright and I got called a champagne socialist, so tell me how much wealth should I have before I can complain that things are shit?

How well are you doing, got your own house in a resonable area?

If so you are a champagne socialist and they are the worst kind!

[North Cardiff Blue]

Re: Interest rates up 0.5%!

Mass immigration has caused house prices to sky rocket and price millenials out of the market.

Light the blue touch paper and

[the other bob wilson]

Re: Interest rates up 0.5%!

Gordon Brown sold off all our gold reserves for a start, against everyone's advice and cost the country billions. You try to wriggle your way out of the mess Labour made of the economy by blaming it on a worldwide crash (which was at least partly caused by the actions of a labour government anyway) whilst at the same time blaming the Tories for the recent problems with the economy which have been caused by Covid and a war in Ukraine. Make your mind up. Labour backed most of the measures related to Covid and the war but notably voted against the will of the British people all the time during Brexit.

You’re the one applying one set of rules for Labour and another for the Conservatives - blaming Labour for the worldwide crash in 2008 is ludicrous. All I’ve said about the current crisis is that we seem to suffering more than many comparable countries to us. None of what you say addresses my point that the Conservatives and Lib Dems backed the measures taken by Labour fourteen years ago.