They seem to be unwilling to accept that the conditions around them seriously limit the choices available, and as such that blowing up the national revenue carries far greater risks than it might have done at other points in history.
Theresa May's Conservatives
Jeremy Corbyn's Labour
Tim Farron's Liberal Democrats
Paul Nuttall's UKIP
2 people's Greens
Nicholas Durgeon's Scottish Nationalists
Satan's Sinn Fein
Dr Ian Paisley's DUP
Some other bunch of nonces
I'm foreign, but I wish I were an Englishman
They seem to be unwilling to accept that the conditions around them seriously limit the choices available, and as such that blowing up the national revenue carries far greater risks than it might have done at other points in history.
Tax cuts alone aren't, which is why they need the rest of the package. We've painted ourselves into a corner. Any conceivable way out isn't nice.Originally Posted by Yevrah
Go big or go home politics. As Spikey has said, now is simply not the time.
There needs to be a more severe consequence for fucking the country than just parachuting into a top job and getting 5 figure for after dinner speaking. If this course of action completely wrecks the economy when it was shown to be a bad idea and the relevant authorities were silenced, they should execute the cunts live on TV. Maybe include all their living relatives to expunge their DNA from the gene pool. Be a bit less gung ho then.
Britain should join the EU and take up the Euro
The big question here is: had we lasted this long, would this have buried the Bazbot in a day, or would we be skyrocketing?
Bazbot is old news. I'm riding Niko's gravy train (that lost about 15% of my money because I didn't check the spread and hasn't moved at all ever since)
Anyway, I'm renewing my call on Truss not making it to Christmas.
Honestly can't believe they managed to do worse than Boris. Incredible.
Complete annihilation. That was the bot's problem, it couldn't cope with volatile days.
I could well believe it's true. Having a policy that the bank of England will come along and try to reverse the impact of (and that they're well within their rights to do currently) is genuinely one of the more batshit approaches I can ever recall.
Taking on more debt while cutting taxes has completely spooked the markets.
Mental. Used some calculator thing this morning and mine will probably go up about £300 a month when it comes to the end of my fixed period in August. I think that was only at 5.5% as well.
Joke's on the banks when everyone defaults.
Last time that happened the government just gave the banks our money anyway. Jokes always on us.
I thought I had it good with COVID lockdown and energy bills but the govt robbed me of the joy of watching the destruction thanks to printing more money. I suspect this will be far harder to solve with a simple support package.
Someone talk dirty to me and tell me what kinds of outcomes we're on for.
Disposable incomes no longer being a thing, I suspect all spending on recreational activities will be a thing of the past. And that'll cause massive job cuts. Huge house price correction also seems unavoidable. Inject it
If everyone defaults it's just more cheap properties for landlords to hoover up too.
Do you still have to pay an early repayment charge if you do a product transfer with the same lender during your fixed period?
I could seemingly get a 5 year fixed period with my current lender for about £50 more a month at the minute.
I think they will waive it if you stay with them.
Millions up shit creek who can't pay their re-fixed mortgages or even get a re-fix in the first place, those who in theory can still utterly fucked due to the house price crash resulting from all of the defaults of those who can't pay. This is proper grim stuff, hell it was anyway, Truss has just made it worse/brought the bad times forward and the only hope we have now is the wing of the conservative party that like winning leaping into action, combined with a dose of Ronnie Real regarding the West's approach to Ukraine.
Might see if I can get that sorted soon then.
I'm no financial adviser but I'd get a 5 year fixed anything if you can afford it.
Strong and stable.Bazbot is old news. I'm riding Niko's gravy train (that lost about 15% of my money because I didn't check the spread and hasn't moved at all ever since)
I have no idea how they are positioned, but as I don't imagine they are overburdened with debt at the moment these current market conditions are the sort where fuckers like this could absolutely make out, if they aren't too busy Soros-ing the pound. Fingers crossed.
My fixed is up next July but we want to move by then at the latest. Pretty fucked either way.
Yes you still have the early repayment charge if you do a PT with the same lender.
My opinion my mortgage is due about this time next year. By that time I think the majority of the rate rises will have taken place and I will be going on a tracker of some variety. As for changing now personally again if you are paying 2% now why pay 4% for an additional period of time than you need to.
Options to keep the payments down if the shit does hit the fan in terms of rates increasing are probably to increase your term. Final bit on this would be how much is on your mortgage and what's your current rate? If you've got £70,000 on a mortgage I wouldn't worry about it so much.
At the minute I advise pretty much everyone to take a five year fixed. But, once the rates hit their peak then that will change.
If I’m set on moving, would you recommend now/ASAP or next summer after most of the rate rises have happened?
Ah bollocks, really? Even if it's the difference between me fixing with them for 5 years now or fucking off to someone else in a year's time?
Some lenders are now withdrawing new mortgage offers. Not entirely sure what that would include but fucking hell either way.
Ed Davey executed. Supply-siders in control. Trust the Plan.
On a scale of 0 (“covid will bring about the fall of civilisation”) to 10 (Tony Blair), how fucked are we actually?
You maybe able to port the existing mortgage. I did it back in July with TSB.
You don't pay the repayment charge, stick with same mortgage terms and just have separate terms for the extra borrowing.
So I've got 2.5 years left of the majority of my mortgage borrowing on decent terms. Then still pretty good terms fixed for 5 years for the extra top up required for the new purchase.
A bit awkward with there being 2 parts to tge mortgage. In the end I might be best to go SVR for the first bit until the end of the 5 year fixed and then marry them up again.
My mortgage advisor said interest rates would be low for the next 10 years lol. Only fixed for 2.
Edit: I'm £780 a month at a rate of 1.65% for 29 years. Gubbed.
Last edited by Magic; 26-09-2022 at 07:21 PM.
Before the £ even dropped loool
Last edited by Waffdon; 26-09-2022 at 09:05 PM.
Our mortgage is going up from a grand to £1,400 at least in December when our fixed deal ends.
I think every percentage point my rate goes up will cost me an extra seventy quid.
What was Rachel Reeves on giving that speech? Proper weird speaking.
Prediction: the pound goes below the dollar, the Tories coup Truss and we end up with Boris as PM again.
Another six-week leadership election in order to restore Boris Johnson to number ten is what this country needs. Bring Dom back while you're at it (Cummings, not Raab).
Ahhh, a man driving a car, whilst blind, with his kids in the back, to look at a castle he couldn't see.
We didn't know how good we had it. Halcyon days.
'Avin a piss lol
Boosting Alastair Campbell is like trying to get Ian Huntley over because you don't like Manchester United. People need to stop it.
Fucking lol at this MP managing to trample some of Labour's momentum by saying Kwarteng 'doesn't sound like a black man'.
Akwasi Addo Alfred Kwarteng. He should style himself as Alfred 'Alfie' Kwarteng now he's in the big job.
It’ll help them if anything in England.
Didn't realise it was Konnie Huq's sister.
More on NHS money-wasting nonsense.
My wife has the worst hayfever I've ever seen. Despite being on top doses of everything, it's still pretty unbearable in the season.
Today I took her to Addy's to see an allergy consultant. They want her to have immunotherapy. The best way to deliver this is with tablets taken at home for a few months of the year for at least three years.
However some Lee in Norfolk (where we live) decided not to fund immunotherapy for Norfolk patients, so she cant have the tablets.
The other way they can deliver immunotherapy is by injections given in clinic. Because this would be funded by some part of the Cambridge Secondary Care budget and not the Norfolk Primary Care budget, they can offer her this despite her being based in Norfolk.
It is a worse option for literally every party involved. She will have to drive to Cambridge once a week for 6 weeks for the next 3 years (taking time off from teaching to do so) rather than being able to have the treatment at home. She'll have to have injections instead of tablets. Someone will have to take time away from doing something else to administer them. Overall it's worse care for significantly higher cost, again because of stupid arbitrary budget pots.
Is there not some way that you can pass these money-saving tips to the relevant people? It seems like an easy thing to resolve.
Our NHS
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