UK is "officially" in recession

LordSplodge said:
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.
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Most of the problems come from regulations, next the greens and others, as you said not in my back yard. built up land in the uk is around the 9% mark, theres still 91% of unbuilt land.
 
mattheman said:
Most of the problems come from regulations, next the greens and others, as you said not in my back yard. built up land in the uk is around the 9% mark, theres still 91% of unbuilt land.
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How much of that 91% is Green Belt? Hell it's almost impossible to build on Brown Belt due to the reasons mentioned in my previous post.

Also I really wouldn't want Social Hosuing built in places like Snowdonia! :p
 
It getting worse governments are being down graded on their bonds, uk is next.
who do i blame,
1) the government
2) bankers
2.5) shareholders
3) landlords
4) most of the uk pop in debt
5)mrs mr jones BTL
 
I think you have to blame the banks, house prices are only as high as they are because of available credit. the person buying the house doesn't have much choice other than getting a large mortgage. other than wait 10 years. they only want a roof over their head. is that too much to ask?

the banks should have acted on the fact that their "assets" were worth nothing sooner. Why did they let it continue? because everyone else was doing it?

They can blame the goverment for bad legislation but they are both to blame imo.

while some bankers have lost, many have also won and left the tax payer now with the debt.

lenders lose due to low rates, many people lose jobs, companies go under and a small number of people make millions.

yup really worth the effort.

It will be interesting to see what changes the government make to stop the next one if we ever get out of this....
 
DominicStar said:
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)
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look at the average wage 10 years ago and look at it now, now put in council tax fiscal drag etc... your infact earning less than for the same job 10 years ago.

University was free 10 years ago, now it isnt, sg had to be paid back if you earnt over 18.5k now its 10 or 12k, there were less people on housing lists than now. Labour have introduced more taxes, infact in the last 10 years tax intake has doubled or more while your wages hasnt.
 
LordSplodge said:
I'm under 35 and Labour haven't messed my life up. Nor have they helped. I have succeed in life (I.e. nice home, nice car, nice job) because I got off my backside and worked - hard. Including doing some crappy jobs when I was younger.
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No offence...but how much of that have you actually paid for? ...because all of that and more, may be a lot more precious than you realise.
Forgive me for saying so, but it may well be the case that all you actually did was sign on a dotted line for credit during the biggest credit binge in history.

If you have worked hard and been prudent enough to 100% secure all of the things you hold dear, well then good for you.

Otherwise, you might be surprised how few steps you might be from losing it all (I'm talking about the knock on effects of losing your job and having to service debt).
 
Manics said:
No offence...but how much of that have you actually paid for? ...because all of that and more, may be a lot more precious than you realise.
Forgive me for saying so, but it may well be the case that all you actually did was sign on a dotted line for credit during the biggest credit binge in history.

If you have worked hard and been prudent enough to 100% secure all of the things you hold dear, well then good for you.

Otherwise, you might be surprised how few steps you might be from losing it all (I'm talking about the knock on effects of losing your job and having to service debt).
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I have an affordable mortgage with enough savings to cover the payments for a year in the event of me not working. We can still afford all the bills if the wife stopped working (of course it would be a bit tight!). The car loan is of a lesser value than that of the car (even given the current market) and I don't have to pay my student loan if I stop working or fall below a certain wage (around 26k I think...)

So, just like I said, I have worked hard as has my wife from almost having nothing to living a very good standard of life with minimal debts.
 
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