2022 mini-budget discussion

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Harlequin said:
BoE should just let the government take the hit from crashing the economy - then selling the NHS
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There will be mass demonstrations the size of the council tax in the 80's if that happens.

I am not saying it's not out of the realm of possibility from this government but that would be the reaction.
 
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Chris Wilson said:
If people didn't realise that there would be serious financial disruption after the Chinese virus and all the money it took to try and bring it under some slight control, develop and issue various vaccines, and hand out money to businesses to keep them afloat (many of which made specious claims and then went bump when challenged to pay it back), plus our now involving ourselves with supporting Ukraine in a proxy war against Russia, then they were naive in the extreme.

The old adage that there's no such thing as a free lunch came to my mind a LONG time ago.
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Indeed I did which was why when Rishi brought in the NI increase I wasnt surprised at all and equally said there would be no further tax cuts until the country can afford it. I didnt expect the idiots to go and borrow £45bn and give it to the wealthiest in the country and in so doing force the BoE to look at 5/6% interest rates by next year and have the cost of Govt borrowing double so the total cost ends to the country ends up being more than the whole Covid thing costs.
 
The sale of the NHS has been on the cards for years. Let's be honest, no amount of money is going to fix it. It's a blackhole of a money pit. You could give it another 10 billion and there'd still be massive waiting times and poor outcomes.
It must be corruption, it must be! We just don't want to even think about it. I'm not saying selling would make it any better, far from it, but there comes a point when you just have to cut off the infected limb to save the body.

I don't want to lose the NHS by the way, but the way this government is, it's got to be on someones agenda.
 
Greebo said:
Indeed I did which was why when Rishi brought in the NI increase I wasnt surprised at all and equally said there would be no further tax cuts until the country can afford it. I didnt expect the idiots to go and borrow £45bn and give it to the wealthiest in the country and in so doing force the BoE to look at 5/6% interest rates by next year and have the cost of Govt borrowing double so the total cost ends to the country ends up being more than the whole Covid thing costs.
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£2bn but still get what you meant.
 
chroniclard said:
Generally most people are law abiding, it was the law. Your morals/Tory morals may vary.
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Only an idiot would follow laws blindly. I recognise and adhere to laws that made sense (even covid ones at the beginning!).....but just blindly following the law because its the law is just giving up your own autonomy.

On a personal level I know many people that regret not having employed their own discretion having missed out on important life events...
 
Orangeade said:
Only an idiot would follow laws blindly. I recognise and adhere to laws that made sense (even covid ones at the beginning!).....but just blindly following the law because its the law is just giving up your own autonomy.

On a personal level I know many people that regret not having employed their own discretion having missed out on important life events...
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Assume you would have just fought your way into the hospital seeing as you were not allowed in.
 
TheOracle said:
The sale of the NHS has been on the cards for years. Let's be honest, no amount of money is going to fix it. It's a blackhole of a money pit. You could give it another 10 billion and there'd still be massive waiting times and poor outcomes.
It must be corruption, it must be!
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Or you know, it could just be that caring for an increasingly old and obese population costs a lot of money, and it's been underfunded for years.
 
Orangeade said:
Only an idiot would follow laws blindly. I recognise and adhere to laws that made sense (even covid ones at the beginning!).....but just blindly following the law because its the law is just giving up your own autonomy.

On a personal level I know many people that regret not having employed their own discretion having missed out on important life events...
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Only an idiot would think they could march into an intensive care ward just because they thought the rules didn't apply to them.
 
413x said:
A nasty graphic.

8JxKYc5.jpg


Sorry it tops out at 9pc. Might need to add new columns

Worked out we can get our mortgage down from 207 to 140 in 5 years and still keep a yearly holiday.

However that leaves everything else (redoing the ensuite, new boiler, for example) and off the table.

Makes the remortgage in 5 years much more palatable.



But what if you lose your job? That buffer then may be better liquid?
Or is it better putting it in savings (you can get 4 percent locked for 2 years now) and paying off the mortgage at maturity.


Got a lot of thinking to do. Probably should wait until the dust settles to make a decision
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Future looks grim, will affect private renters as well.

Imagine instead if we had 10s more millions in social housing not needing to worry about interest rates on housing costs.
 
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