goldfinger
- 09 Jun 2005 12:25
Thought Id start this one going because its rather dead on this board at the moment and I suppose all my usual muckers are either at the Stella tennis event watching Dim Tim (lose again) or at Henly Regatta eating cucumber sandwiches (they wish,...NOT).
Anyway please feel free to just talk to yourself blast away and let it go on any company or subject you wish. Just wish Id thought of this one before.
cheers GF.
Fred1new
- 26 Feb 2014 08:22
- 37128 of 81564
required field
- 26 Feb 2014 08:27
- 37130 of 81564
Fred1new....at times I wonder...socialist mental health problems ?....perhaps...you're becoming a pain in the... with these postings ...
required field
- 26 Feb 2014 08:31
- 37131 of 81564
No commie leaflet distribution this morning ?....come...come...
MaxK
- 26 Feb 2014 08:33
- 37133 of 81564
required field
- 26 Feb 2014 08:35
- 37134 of 81564
I'll leave you lot of cranks to it...I'm off..
Fred1new
- 26 Feb 2014 08:50
- 37136 of 81564
Hear Gove is raising the general standard of successful Academies by closing them.
Another well thought out and planned education policy.
================
Bye the way how are the flood plains of the Thames Valley and Somerset?
MaxK
- 26 Feb 2014 09:12
- 37137 of 81564
All sorted Fred, Big Dave was on the job!
goldfinger
- 26 Feb 2014 09:16
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Yes hes totaly in control Max.
Just look at my next post, this proves it.
goldfinger
- 26 Feb 2014 09:19
- 37139 of 81564
Revealed! Comrade Cameron’s secret Stalinist revolutionary plot to take-over Britain!
25
Tuesday
Feb 2014
Posted by Tom Pride
WAKE UP BRITAIN!
Our country is facing a secret Stalinist takeover led by Cameron and his traitorous Eton, Oxbridge party apparatchiks.
Comrade Cameron isn’t even hiding his revolutionary ambitions any longer.
He has just announced the Tory Party is to be transformed into the Workers Party.
This recent move is yet more evidence that Cameron’s particularly aggressive form of British Conservatism is actually a cover for a secret Stalinist plot to establish a totalitarian revolutionary Soviet state in the UK:
Just like Stalin, Cameron’s forcing armies of unemployed workers into forced labour, with pitiful ‘wages’ paid for by the state, to carry out menial tasks such as stacking shelves in massive supermarkets.
Just like Stalin, Cameron has been using massive state-wide celebrations such as the Queen’s jubilee and the Olympics to divert attention from the dire state of the economy.
Just like Stalin, Cameron wants all power to be concentrated in the hands of a select few, for whom all manner of luxuries are allowed while the rest of the citizens face virtual starvation as a result of his policies.
Just like Stalin, one of Cameron’s main instruments of totalitarian rule is widespread propaganda in the print and the media, praising his party’s actions and blaming economic difficulties on ‘radical activists‘.
Just like Stalin, Cameron’s government regularly tries to rewrite history by ‘redacting’ unhelpful facts from history.
Just like Stalin, Cameron announced a 5-year plan to turn around the economy - exactly like the 5-year economic plans so beloved of the Soviet state planners. Not only that – but the announcement was made in a tractor factory!
Just like those other respectable looking Stalinist sympathisers and undercover spies Guy Burgess, Donald Maclean and Anthony Blunt, Cameron was also educated at Eton and Oxbridge.
We have to stop these dictatorial monsters before it’s too late – before we all end up in a British version of a Gulag somewhere or spending our days filling shelves for slave wages in massive grey monstrosities of buildings while our masters live a life of luxury on the backs of our labour.
It’s time to stand up for everything we believe in. At stake is everything we hold dear, our whole way of life in the UK is under threat from a menacing blue and orange tide of Stalinist dictatorial infiltrator traitors.
It’s not the reds under our beds but the blues in our schools and the cleggs under our hospital beds we have to worry about.
Wake up Britain before it’s too late!
.
Fred1new
- 26 Feb 2014 09:41
- 37140 of 81564
The truth is out.
Are Haze, Manuel and RF 5th columnists?
You never know theses days.
Have to be careful
Could asked Cruella to just lock them up before being investigated and exposed.
(Probably, not the last. It may horrify the children.)
8-)
MaxK
- 26 Feb 2014 09:44
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Lets not forget Red Ed.
Fred1new
- 26 Feb 2014 09:52
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Or the brown shirted UKIPPERS and BNPs and Daft Nigel.
What does the latter really stand for, other than himself and a few ?s?
goldfinger
- 26 Feb 2014 11:21
- 37143 of 81564
Borrowers warned of £600 'drastic scenario' mortgage repayments rise in 2015
The Centre for Economic and Business Research said a rate of 1.75pc by December 2015 would push up annual costs by £576
By Andrew Oxlade10:18AM GMT 26 Feb 2014
Home owners could see their mortgage payments rise by £252 a year on average by the end of next year if interest rates start rising at a moderate pace, a report forecasts.
It also forecast that a "drastic scenario" of Bank Rate at 1.75pc by the end of 2015, which it deemed feasible, would push up typical annual repayments by £576.
Research by the Centre for Economic and Business Research (CEBR) found that average mortgage payments across the UK could rise from their current monthly levels of £666 per month to £687 a month in the most likely scenario. This would add an extra £21 a month to payments, or £252 a year.
The UK Bank Rate, which has been kept at a historic 0.5pc low for five years, has helped to keep payments relatively affordable, but signs that the economy is improving have prompted speculation about possible rises being on the horizon.
• TABLES: Today's best mortgage rates
That renewed optimism has already shifted the pricing of new mortgage deals. The best five-year fixed rate has risen from 2.44pc in July to 2.95pc (available from Natwest and Woolwich).
The Financial Flexibility report, undertaken for Barclays Mortgages, assumed that the "most likely" scenario is that interest rates will rise at a moderate pace, which for its model would involve the base rate rising to 0.75pc in May 2015 and then 1% in August before edging up again to 1.25pc in November next year.
With strong differences in house prices across the UK, the extra amount of money people would find themselves paying by December 2015 under the "moderate" model of interest rate increases varied, from an extra £32 a month in London to people living in Wales and the North West projected to be paying an extra £15 a month.
Across the income groups, high and middle income earners would see the percentage of their income that is taken up by their mortgage payments remain broadly constant, at 12% and 20% respectively if there is a moderate interest rise.
But those in the lowest fifth of the income groups could see an increase in the chunk of their income that went towards mortgage payments, from around 54pc now to 55pc.
Some experts have suggested that people who are worried about the impact of interest rate rises on their mortgages could consider locking into a longer-term fixed rate deal.
But others have suggested that with house prices strongly rising in some areas, some people may find that when a shorter-term deal comes to an end, the amount of equity they have in their home will have risen enough to push them into a higher deposit bracket, which could potentially give them access to a better range of deals and offset the impact of any gradual interest rate rises.
Andy Gray, Barclays' managing director of mortgages, said: "In working with the CEBR we have tried to model the realities that UK home owners may face in the very near future.
"In the face of a rise in mortgage rates and in the cost of living, it is vital for home owners to review their current situation."
Yesterday, the Financial Conduct Authority reminded lenders of their responsibility to identify borrowers most likely to struggle with rates rise and have processes in place to ensure they are treated fairly should they fall into arrears.
---------
Here are the monthly payments that home owners could be faced with under a moderate increase in interest rates, according to the Barclays Mortgages/Cebr report, with the current monthly payments followed by those projected for December 2015 and the monthly increase in cash terms in brackets. It also includes a "drastic model", based on five rate rises, taking base rate to 1.75pc by next December:
When will the UK Bank Rate rise?
The markets currently price in the first rate rise for the second quarter of next year, so between April and June. This forecast is volatile, and only a few weeks ago suggested the first move could come as early as January.
Economists polled by Reuters earlier this month said they expect the first interest rate hike to come next year, with a majority pointing to either the second or third quarters.
Some economists believe an increase is possible toward the end of this year.
This raised anxiety in itself can raise borrowing costs – on mortgages and even on the Government's own borrowing costs. This could threaten the nascent recovery.
The Bank of England appears to have gone into overdrive to calm concerns.
Today, the Bank's chief economist, Spencer Dale, attempted to reassure the public that interest rate rises are not likely to come this year, insisting that the Bank is not even thinking about higher rates.
Speaking to BBC radio, he said rate rises will be "cautious" when they do come in order to "nurture the recovery".
He said: "We’re not planning to raise interest rates any time soon. Interest rates will have to rise at some point but not yet. And when they do they will rise very gradually and cautiously to make sure we continue to nurture the recovery we have seen in output growth and employment."
Almost simultaneously, David Miles, another member of the Monetary Policy Committee, was on BBC Breakfast and said: "We're not in a hurry to put up interest rates up. There's a lot of slack in the economy."
However, earlier this month, Mr Miles said investor expectations for a rate hike next year and for the base rate to reach 2pc by 2016 are "not unreasonable".
The Bank of England set out a new version of its "forward guidance" policy on February 12, linking its rate decisions to how quickly the economy uses up its spare capacity.
Following that Bank Governor Mark Carney told the BBC's Andrew Marr Show that a very broad recovery would be needed to trigger rate rises. He said: "The path of interest rates is going to be calibrated very carefully to ensure ... that only when we see sustainable growth in jobs, in incomes and in spending will we make adjustments."
In contrast, Martin Weale, an external member of the Monetary Policy Committee (MPC), said earlier this week that the Bank could raise rates before next May's General Election.
goldfinger
- 26 Feb 2014 12:45
- 37144 of 81564
Rachel Reeves @RachelReevesMP 2m
Labour with cross-party support, is forcing a vote in the Commons this afternoon on the #BedroomTax
MaxK
- 26 Feb 2014 13:00
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How much is this bedroom tax?
goldfinger
- 26 Feb 2014 13:26
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The cut is a fixed percentage of the Housing Benefit eligible rent. The reduction is 14% for one extra bedroom and 25% for two or more extra bedrooms.
The Government’s impact assessment shows that those affected will lose an average of £14 a week. Housing association tenants are expected to lose £16 a week on average.
MaxK
- 26 Feb 2014 14:23
- 37147 of 81564
Ah, so it's designed to get people to downsize?