UK is "officially" in recession

Ive worked damned hard to buy a flat and make some sort of life for myself. I incurred debt because credit was easy to come by and I wanted immediate gratification. Not because immigration was so high that I had to take out a loan or card to have that computer or a television now. To me its managable, now Im just sitting tight, working hard and riding things out.

because you were brain washed into wanting it.
 
Do you have debts?

Excluding the Mortgage? A little. Why?

well huge amount of people rely on tax credits, thats a benefit.

so cheap that they couldn't afford too work, wages kept low look at tax credits (economic subsidy) to make up your wage packet.

My wife had experience with Tax Credits and even with the maximum amount she could have claimed she was still a fair degree worse off. However, because she is a hard worker she took the job, tax credits and the financial hit and then proceeded to work up the ladder to a more than comfortable salary that she is on now.

Those that whine and complain about there being no jobs or the immigrants have all the work whilst doing nothing but sitting on their arses claiming benefits get nowhere in life.
 
Excluding the Mortgage? A little. Why?



My wife had experience with Tax Credits and even with the maximum amount she could have claimed she was still a fair degree worse off. However, because she is a hard worker she took the job, tax credits and the financial hit and then proceeded to work up the ladder to a more than comfortable salary that she is on now.

Those that whine and complain about there being no jobs or the immigrants have all the work whilst doing nothing but sitting on their arses claiming benefits get nowhere in life.

Theres a lot you need to learn, about the way this system works, you should really pick up a few good books and see how labour have screwed this country up. you really have no idea.
 
Theres a lot you need to learn, about the way this system works, you should really pick up a few good books and see how labour have screwed this country up. you really have no idea.

I'm sure the same argument could be used against Thatcher and Major's government.

Fact is, I don't really like either parties very much anymore.
 
So if in 1995 property was out of your price range, when it was at an all time low, now its at a altime high and wages are at an altime low.
labour ristricted house building in this country.
it was easy to get social housing under the last government, much harder now.

Wages at an all time low? LOL. Labour did no such thing - all the money made from the right to buy act, councils had to sit on it, becuase it kept public borrowing down for a government that led us in to recession after recession.

It was not easy to get social housing under the last government, you're living in cloud cuckoo land. Unless you lived in Westminster of course then your vote earned you the right to have someone evicted and you move in. Even to exchange with other people who wanted exchanges could take years. I afforded a flat, because I moved away, worked hard, earned a progressively higher salary (when wages were apparently at an all time low)
 
do i need too, look around look whats happening.

I'm looking around me and seeing a global economic issue cause at the most simplest level by the greed of banks and Hedge Funds. In reality it is far more complex than that but I am not a leading economist.

On top of that I am seeing Labour trying to deal with a situation that has never really come up before, the same way that Germany, France, America et al are trying to fix the issue.

I am far from a Labour supporter (I normally vote Conservative) but at least they are trying.

As for Immigration, Housing and the Benefit system. These are all massive problems that any Government is going to struggle to fix. We need immigrants to do a lot of the manual jobs (when the economy is running properly) for the reasons I have mentioned, the Government cannot build anything (look at the Eco Towns) without either NIMBYs or Green nuts getting in the way and as for the benefit system - how is any Government supposed to fix that minefield?
 
You keep saying that I have no idea and Labour have screwed the country up yet provide no facts for either.

The tax on pension funds helped cause the closure of many final salary pension schemes and was one of the few actual stealth taxes as they only really hit when you retire or the fund gets closed. One of Gordon's first acts as chancellor...

The FSA.

The rubbish tax credit system, expensive and complex to administer and pointless, why exactly is tax taken in the first place only to be paid back again?

A slow yet steady increase in government interferance in our private lives.

A massive increase in legislation. (Is it 3,000 new laws?)
 
The tax on pension funds helped cause the closure of many final salary pension schemes and was one of the few actual stealth taxes as they only really hit when you retire or the fund gets closed. One of Gordon's first acts as chancellor...

The FSA.

The rubbish tax credit system, expensive and complex to administer and pointless, why exactly is tax taken in the first place only to be paid back again?

A slow yet steady increase in government interference in our private lives.

A massive increase in legislation. (Is it 3,000 new laws?)

Thank you, however, my point was aimed at mattheman not giving some of what you pointed out. :p :D Rather just saying I have no idea and Labour are rubbish!
 
Thank you, however, my point was aimed at mattheman not giving some of what you pointed out. :p :D Rather just saying I have no idea and Labour are rubbish!

He seemed to be struggling, I thought I would help him out a little bit. Poor lad is seriously outgunned in the wits department. :D
 
I'm looking around me and seeing a global economic issue cause at the most simplest level by the greed of banks and Hedge Funds. In reality it is far more complex than that but I am not a leading economist.

On top of that I am seeing Labour trying to deal with a situation that has never really come up before, the same way that Germany, France, America et al are trying to fix the issue.

I am far from a Labour supporter (I normally vote Conservative) but at least they are trying.

As for Immigration, Housing and the Benefit system. These are all massive problems that any Government is going to struggle to fix. We need immigrants to do a lot of the manual jobs (when the economy is running properly) for the reasons I have mentioned, the Government cannot build anything (look at the Eco Towns) without either NIMBYs or Green nuts getting in the way and as for the benefit system - how is any Government supposed to fix that minefield?

If theres a good social policy on housing like the 60s, then people wouldnt go on benefits, it will keep the housing market down.
 
If theres a good social policy on housing like the 60s, then people wouldnt go on benefits, it will keep the housing market down.

But you couldn't build said social housing because of the aforementioned Not In My Backyards, The Greens and the many complex layers of legislation.
 
The pensions tax was bloody silly. Worse still, many FTSE companies that have closed final salary schemes have used it as a smoke screen to drastically slash the contributions they are making in money purchase schemes etc. Lets not forget also, that the Major government sat on a state pensions timebomb because they didnt have the guts to confront it with an election coming up that had to be dealt with.
 
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