2022 mini-budget discussion

sigma · 27 Sep 2022 at 21:21

Django x2 said:
Clearly loads of melts in here though TBF. My first mortgage was fixed at 6.75%. There seems to be a sense of "we shouldn't have to live like this" self entitlement nonsense, as if everything should be rosey, all of the time. Man the **** up.

How much have you benefitted from the cuts?

omnomnom · 27 Sep 2022 at 21:21

Django x2 said:
Clearly loads of melts in here though TBF. My first mortgage was fixed at 6.75%. There seems to be a sense of "we shouldn't have to live like this" self entitlement nonsense, as if everything should be rosey, all of the time. Man the **** up.

When was this though?

sigma · 27 Sep 2022 at 21:22

@throwaway4372 do you actually have anything to say or are you just going to be a simp and continue to click anger face.

CapitalOne · 27 Sep 2022 at 21:22

Slam62 said:
Jesus wept, the imf are wading in now, this is mental

Could be a uturn in the making, which surely, would mean a snap GE (although you never know with the Kippers) and Labour would walk it.

It couldn’t be any worse for the Tories could it? I smell burning Kippers

and too right. Our cats would have done a better job using that “a or b what bowl do they eat from?” technique they use to predict football results.

What a national embarrassment. I’m sure they will still have their fans but folks, how myopic can you be! It’s been said since 2016, but Farage‘s coup is hopefully finally falling apart. I just hope lots of people recognise how much the Kippers have taken the wee out of them.

StriderX · 27 Sep 2022 at 21:22

Django x2 said:
Clearly loads of melts in here though TBF. My first mortgage was fixed at 6.75%. There seems to be a sense of "we shouldn't have to live like this" self entitlement nonsense, as if everything should be rosey, all of the time. Man the **** up.

The level of consumer debt has doubled dude, it would be cataclysmic in our stagnant economy for such high interest rates.

Slam62 · 27 Sep 2022 at 21:22

Django x2 said:
Clearly loads of melts in here though TBF. My first mortgage was fixed at 6.75%. There seems to be a sense of "we shouldn't have to live like this" self entitlement nonsense, as if everything should be rosey, all of the time. Man the **** up.

Look if the economy, financial system, housing market was run remotely for the average working Joe then if people get in a mess, blame them, but years go by and at some point people have to try and build a life. You can't blame them for trying

I'm a boomer or near with no mortgage and a decent house, but I sympathise with people just trying to get along.

Django x2 · 27 Sep 2022 at 21:23

sigma said:
How much have you benefitted from the cuts?

Significantly, probably. Too early to tell.

omnomnom · 27 Sep 2022 at 21:24

CapitalOne said:
Could be a uturn in the making, which surely, would mean a snap GE (although you never know with the Kippers) and Labour would walk it.

It couldn’t be any worse for the Tories could it? I smell burning Kippers and too right. Our cats would have done a better job using that “a or b what bowl so they eat from?” technique they use to predict football results.

What a national embarrassment. I’m sure they will still have their fans but folks, how myopic can you be! It’s been said since 2016, but Farage‘s coup is hopefully finally falling apart. I just hope lots of people recognise how much the Kippers have taken the wee out of them.

Why?

(Genuinely, not being a knob)

sigma · 27 Sep 2022 at 21:26

StriderX said:
The level of consumer debt has doubled dude, it would be cataclysmic in our stagnant economy for such high interest rates.

It doesn't seeem to matter to a lot of those people who personally profit from all of this.

sigma · 27 Sep 2022 at 21:28

Simp away @throwaway4372 , simp away :cry:

CapitalOne · 27 Sep 2022 at 21:28

omnomnom said:
Why?

(Genuinely, not being a knob)

I know

if even the IMF tell you to stop mucking about and your own party are rebelling and you’ve not formally committed I think that's their out. Plus it’s Truss who has uturned so much she’s just going around in circles

i will expect something like “the (ex) chancellors statement last Thursday has been deliberately misinterpreted by the media” etc etc or more seriously “since we’ve seen the OBR figures we are concerned about the impact to the domestic mortgage market which was unforseen”

Uther · 27 Sep 2022 at 21:29

Spending cuts made necessary by mini-budget 'could finish NHS', former Bank of England deputy governor Sir Charlie Bean says

Asked what the government could do to resolve the economic situation, Sir Charlie Bean said: "The ideal would be to get a Tardis and go back and undo the errors."

news.sky.com

sigma · 27 Sep 2022 at 21:30

simpaway4372

Orangeade · 27 Sep 2022 at 21:31

spaggyboy said:
He lied to the Queen, he lied to Parliament and he partied during lockdown while people like my Grandmother were dying and I was unable to see her.

I wish you'd keep your mouth shut...

You probably should have gone and seen her then?

CapitalOne · 27 Sep 2022 at 21:34

Django x2 said:
Clearly loads of melts in here though TBF. My first mortgage was fixed at 6.75%. There seems to be a sense of "we shouldn't have to live like this" self entitlement nonsense, as if everything should be rosey, all of the time. Man the **** up.

I”m alright too mate, plus get (or pending a uturn don’t) decent extra cash. Mine went higher than 6.75 at some point. That‘s not the problem though. There is no need to clap at a pile of doggo just because you didn’t step in it (in this analogy, the tories are the dog and the economy is the doggo). A crap idea is still a crap idea.

eta - you big jessy

SpeedFreak · 27 Sep 2022 at 21:52

sigma said:
Chris Wilson has often intimated that he sees non-white people as inferior. It's not a huge step to think he sees some as sub-human. Especially when he refers to someone as 'a black'. How am I fishing? And what am I supposed to be offended by?

We're also talking about someone complaining about others talking about culture when he himself wants to 'preserve' 'his' culture. Somewhat ironic, don't you think?

Personally I haven't seen evidence of that. If so feel free to report it, otherwise all I can see is you casting aspersions.

sigma · 27 Sep 2022 at 21:54

SpeedFreak said:
Personally I haven't seen evidence of that. If so feel free to report it, otherwise all I can see is you casting aspersions.

So if you haven't seen it that means it doesn't exist? I couldn't care less if you think I'm casting aspersions :cry:

GordyR · 27 Sep 2022 at 22:02

Django x2 said:
Clearly loads of melts in here though TBF. My first mortgage was fixed at 6.75%. There seems to be a sense of "we shouldn't have to live like this" self entitlement nonsense, as if everything should be rosey, all of the time. Man the **** up.

The two times are not even remotely comparable.

https://twitter.com/x/status/1572975530722627584

Murphy · 27 Sep 2022 at 22:15

Django x2 said:
Clearly loads of melts in here though TBF. My first mortgage was fixed at 6.75%. There seems to be a sense of "we shouldn't have to live like this" self entitlement nonsense, as if everything should be rosey, all of the time. Man the **** up.

And how much was that first mortgage? You don't have to be specific, just a ball park figure will do, because average house prices today are £286k so if yours was less than that 6.75% meant a lot less to you than it does to someone with a mortgage now.

Then there's the fact that average house in the UK currently costs more than eight-times average earnings whereas from the end of the WWII to around 2001 it averaged around five-times average earnings so if your first mortgage was taken out around 1970 or 1980 your 6.75% meant a lot less to you than anyone who's taken out a mortgage in the last 20 years.

wildman · 27 Sep 2022 at 22:28

CapitalOne said:
I know if even the IMF tell you to stop mucking about and your own party are rebelling and you’ve not formally committed I think that's their out. Plus it’s Truss who has uturned so much she’s just going around in circles i will expect something like “the (ex) chancellors statement last Thursday has been deliberately misinterpreted by the media” etc etc or more seriously “since we’ve seen the OBR figures we are concerned about the impact to the domestic mortgage market which was unforseen”

if they U turn now they are going to need to call an election as they will have lost the confidence of what ever sane part of the electorate is left in this country or at the very least Kami Kwarteng and his handler Truss will have to step down. They both pushed this as the solution and the only way to stimulate growth so if they u-turn now is basically means they were both full of **** and no one should ever beleive another single statement either of those clowns puts out ever again. I think they may have just ****** themselves over this.