The Mudcat Café TM
Thread #128341 Message #2873060
Posted By: r.padgett
27-Mar-10 - 04:42 AM
Thread Name: BS: UK budget, alcohol, fuel!!
Subject: RE: BS: UK budget, alcohol, fuel!!
Thread drift maybe
This was started as a serious thread
A threat to Communities, through greed of Govt, breweries, transportation of virtually all food by road at disgustingly high tax level on fuel!
Folk music is at risk of the demise of its traditional perfromance places, not just ppubs
Little reward to keep pace with inflation for those on fixed incomes
Fixed incomes = retired ppl relying on th fundamental purpose of high street banks to pay interest on peoples savings
The only safe way to save appears to be via ISA at least the limit on these has been increased ~ savings accounts are dead in the water!!
Shares are not for mere mortals, we dont live long enough for the cycle of fluctuations to regain value!! Nor does it seem a place for pension provision such as for final salary schemes
We must learn from these collapses of stock exchange
and by we I mean the useless greedy banks
The ability to invest like banks by building societies was a fundamental error brought in during Margaret Thatchers Govt misled by her greedy bankers
Houses are still up to 50% overvalued, the last budget totally ignored the negative equity trap in favour of initiatives to get ppl back paying their mortgages and staying put (thankfully) but the underlying problem will not go away!
But then we should not wish to be buying and selling houses at a profit anyway ~ this is the mind set brought about by estate agents, solicitors and greedy bankers who profit from this ~ our greed this!!
It will take many years for the values to regain the inflated values in my view ~ the 2 to 2.5 X salary value plus a deposit should be written in, or some other fixed value to mortages
Mortages were at risk of being passed on to other family members on death