Autumn Statement 2015
Discussion
turbobloke said:
La Liga said:
police budget
Osborne pledged real terms increases to police funding - after speculation it would be cut - the man has done the right thing and played a blinder.It was a bit of a risk. Anonymous briefings suit the source. If it is directly opposite of what is true, then that tool is blunted to an extent.
Funding science, apprenticeships, building affordable homes, cutting financial relief to landlords: this is a labour budget. There's probably more I've missed. All very odd, and all very populist.
turbobloke said:
Out of interest was Osborne's supposed initial approach a matter of pure speculation or did he actually say he was going to cut police budgets in real terms? I've read the speculation but not seen a direct quote, it may exist of course.
The Home Office asked PCCs and Chief Constables to provide a framework for what Forces would look like if cuts of 25-40% were made. This wasn't done for the fun of it. It took a lot of work. The whole process wasn't made any easier by the complete incompetence of the Home Office in using out of date figures to prepare the funding for Police Forces. It was so ridiculous, they had to completely shelve this years changes. turbobloke said:
You sound almost disappointed that the spend is going to increase.
As someone who spends every working day trying to keep the wheel from falling off due to the previous cuts of 25%, you'll excuse me if I state that comment is pathetic. Eric Mc said:
Additional Stamp Duty on properties bought by "buy to let" landlords.
The attack on rental properties continues.
Yup, combine this with the removal of tax-free child care on families with > £100k income and yet again I've been double-bummed by the Government. When I was a broke student, I got shafted. Now I'm doing well but still getting shafted.The attack on rental properties continues.
Could be worse - we could have Corbyn & Ronald McDonnell's fusion of Marxism with Mao-ist theories totally f**king up the country.
So what happens when I want to buy a house to renovate and live in as my main residence. Although the work will take six months and I will have to live in my current house until the work is done.
I will own two houses for six months but then only one
Yet I have to pay 3pc more stamp duty on the wreck to be refurbished?
I will own two houses for six months but then only one
Yet I have to pay 3pc more stamp duty on the wreck to be refurbished?
Rovinghawk said:
Provided folks have somewhere to live, whether they pay rent or mortgage is not desperately important. Look at ownership levels in neighbouring countries.
Indeed, most people looking for a home will either rent from a private landlord, a housing association, or a bank (via a mortgage). As the old saying goes - stop paying your mortgage and you'll find out who owns your home. If property was in plentiful supply then rents and prices would be low. Because supply is low, purchase prices are high, so rents have to be high to service the BTL mortgage cost. The only answer is to build more homes.Rovinghawk said:
Landlords are all scummy millionaires leeching off 'hard-working families' so it's fair enough to penalise them.
There should be laws to prevent them passing on additional expenses. In fact, they should be taxed into extinction so that those who haven't taken the risk & effort can have cheaper properties.
(Or something like that.) As said, it's surprisingly socialist.
Actually, some people *want* to rent. Landlords are simply responding to a market demand.There should be laws to prevent them passing on additional expenses. In fact, they should be taxed into extinction so that those who haven't taken the risk & effort can have cheaper properties.
(Or something like that.) As said, it's surprisingly socialist.
Junior doctors are a good example - training posts frequently involve moving between hospitals on a 12 - 18 month rotation, and NHS trusts that cover a large geographical area can move Juniors anywhere within the trust. For these guys, rental property works well, unless they want to be facing a > 100 mile round trip combined with 12 hour on-call night shifts. Same applies to lots of different types of contract workers / consultants who may work in one place for 6 - 12 months before moving on.
Students are another example (not that I'd want to rent to them myself) - they're living somewhere temporarily and have a limited income.
Holiday cottages, another example of where rental property works well.
Personally, I'm in BTL simply as an alternative pension, and as a way to fund the kids through Uni later on. Let's face it, sinking money into a pension fund doesn't yield a good return, and when you snuff it that money is gone. BTL gives you something to leave to the kids when you're gone - albeit they'll get taxed to death when they inherit.
For a Conservative Government, there are some very leftist economic policies coming in. And that's not going to be popular with the people who actually generate wealth in this country. Abuse us enough, and we might just go away.....
vonuber said:
DavidJG said:
combine this with the removal of tax-free child care on families with > £100k income
Surely on that salary you should not need benefits? Another leftist policy from our supposedly Conservative government. If I wasn't pro-Europe - I depend on the EU for a lot of my work, I'd consider voting UKIP at this rate.
DavidJG said:
Actually, some people *want* to rent. Landlords are simply responding to a market demand.
Junior doctors are a good example - training posts frequently involve moving between hospitals on a 12 - 18 month rotation, and NHS trusts that cover a large geographical area can move Juniors anywhere within the trust. For these guys, rental property works well, unless they want to be facing a > 100 mile round trip combined with 12 hour on-call night shifts. Same applies to lots of different types of contract workers / consultants who may work in one place for 6 - 12 months before moving on.
Students are another example (not that I'd want to rent to them myself) - they're living somewhere temporarily and have a limited income.
Holiday cottages, another example of where rental property works well.
Personally, I'm in BTL simply as an alternative pension, and as a way to fund the kids through Uni later on. Let's face it, sinking money into a pension fund doesn't yield a good return, and when you snuff it that money is gone. BTL gives you something to leave to the kids when you're gone - albeit they'll get taxed to death when they inherit.
For a Conservative Government, there are some very leftist economic policies coming in. And that's not going to be popular with the people who actually generate wealth in this country. Abuse us enough, and we might just go away.....
Bold bit - no longer true, and in fact pensions can now be passed on free of inheritance tax. Junior doctors are a good example - training posts frequently involve moving between hospitals on a 12 - 18 month rotation, and NHS trusts that cover a large geographical area can move Juniors anywhere within the trust. For these guys, rental property works well, unless they want to be facing a > 100 mile round trip combined with 12 hour on-call night shifts. Same applies to lots of different types of contract workers / consultants who may work in one place for 6 - 12 months before moving on.
Students are another example (not that I'd want to rent to them myself) - they're living somewhere temporarily and have a limited income.
Holiday cottages, another example of where rental property works well.
Personally, I'm in BTL simply as an alternative pension, and as a way to fund the kids through Uni later on. Let's face it, sinking money into a pension fund doesn't yield a good return, and when you snuff it that money is gone. BTL gives you something to leave to the kids when you're gone - albeit they'll get taxed to death when they inherit.
For a Conservative Government, there are some very leftist economic policies coming in. And that's not going to be popular with the people who actually generate wealth in this country. Abuse us enough, and we might just go away.....
DavidJG said:
Personally, I'm in BTL simply as an alternative pension, and as a way to fund the kids through Uni later on. Let's face it, sinking money into a pension fund doesn't yield a good return, and when you snuff it that money is gone. BTL gives you something to leave to the kids when you're gone - albeit they'll get taxed to death when they inherit.
For a Conservative Government, there are some very leftist economic policies coming in. And that's not going to be popular with the people who actually generate wealth in this country. Abuse us enough, and we might just go away.....
This sums up the basic problem and highlights why this was a conservative measure.For a Conservative Government, there are some very leftist economic policies coming in. And that's not going to be popular with the people who actually generate wealth in this country. Abuse us enough, and we might just go away.....
A pension is invested in a mixture of funds and part of that is productive activity that helps the economy grow.
Selling each other houses at ever increasing values is not productive activity and, if it prices out the next generation, is not good conservative policy.
Perhaps people will stop seeing the only way to riches is via a BTL and instead return to a more balanced investment portfolio.
Anyone thinking that continuing to encourage the current madness is "good Conservative policy" needs to separate self interest from what is good for the country.
La Liga said:
There are lots of landlords with no concept of risk, exposure and 'leverage' when it has come to borrowing and amounting masses of debt. It's similar thinking to those involved in banking pre-2008. If they were more concerned with a balance between equity and risk, rather than maximising exposure, there'd be fewer worried landlords.
Perhaps a few will get a reality check as to how the 'financial' markets work in the real world.
I've dealt with private landlords on a professional basis for years and really don't like them. The idea of them getting a reality check appeals. Contrary to most posters' conception of them they are far from millionaires. Most I know are skint. They all seem to have made exactly the same mistake in that they have misjudged the amounts of time a proportion of their properties lie empty. This means they have underestimated their incomes and their cash flow is all over the place. Perhaps a few will get a reality check as to how the 'financial' markets work in the real world.
They are skint, pay no one on time (if at all) and moan like b
ds at who they blame for their woes, interfering socialistic busy-body councils trampling all over free enterprise by forcing them to fit smoke detectors, insulation, roofs that don't leak, heating that works, carbon monoxide alarms and to pay for nonsense like annual boiler safety checks and asbestos surveys before commencing renovations. In spite of their relative poverty they do business with build professionals whilst exuding an air of superiority and love get just how many houses they own onto every conversation (often more than once). For some reason their car of choice is a SAAB 9-3 with a private plate something like H54 LET (always the f
king LET. They love the world to know they are a landlord. Most have debt levels on a par with the value of their housing stock and if interest rates rise by the slightest amount the breed will go bankrupt en-mass curing an over-valued housing market overnight. DavidJG said:
Eric Mc said:
Additional Stamp Duty on properties bought by "buy to let" landlords.
The attack on rental properties continues.
Yup, combine this with the removal of tax-free child care on families with > £100k income and yet again I've been double-bummed by the Government. When I was a broke student, I got shafted. Now I'm doing well but still getting shafted.The attack on rental properties continues.
Could be worse - we could have Corbyn & Ronald McDonnell's fusion of Marxism with Mao-ist theories totally f**king up the country.
Tannedbaldhead said:
I've dealt with private landlords on a professional basis for years and really don't like them. The idea of them getting a reality check appeals. Contrary to most posters' conception of them they are far from millionaires. Most I know are skint. They all seem to have made exactly the same mistake in that they have misjudged the amounts of time a proportion of their properties lie empty. This means they have underestimated their incomes and their cash flow is all over the place.
They are skint, pay no one on time (if at all) and moan like bds at who they blame for their woes, interfering socialistic busy-body councils trampling all over free enterprise by forcing them to fit smoke detectors, insulation, roofs that don't leak, heating that works, carbon monoxide alarms and to pay for nonsense like annual boiler safety checks and asbestos surveys before commencing renovations.
In spite of their relative poverty they do business with build professionals whilst exuding an air of superiority and love get just how many houses they own onto every conversation (often more than once). For some reason their car of choice is a SAAB 9-3 with a private plate something like H54 LET (always the fking LET. They love the world to know they are a landlord. Most have debt levels on a par with the value of their housing stock and if interest rates rise by the slightest amount the breed will go bankrupt en-mass curing an over-valued housing market overnight.
That doesn't sound remotely like the landlords I know. They are skint, pay no one on time (if at all) and moan like b
ds at who they blame for their woes, interfering socialistic busy-body councils trampling all over free enterprise by forcing them to fit smoke detectors, insulation, roofs that don't leak, heating that works, carbon monoxide alarms and to pay for nonsense like annual boiler safety checks and asbestos surveys before commencing renovations. In spite of their relative poverty they do business with build professionals whilst exuding an air of superiority and love get just how many houses they own onto every conversation (often more than once). For some reason their car of choice is a SAAB 9-3 with a private plate something like H54 LET (always the f
king LET. They love the world to know they are a landlord. Most have debt levels on a par with the value of their housing stock and if interest rates rise by the slightest amount the breed will go bankrupt en-mass curing an over-valued housing market overnight. Elroy Blue said:
turbobloke said:
Out of interest was Osborne's supposed initial approach a matter of pure speculation or did he actually say he was going to cut police budgets in real terms? I've read the speculation but not seen a direct quote, it may exist of course.
The Home Office asked PCCs and Chief Constables to provide a framework for what Forces would look like if cuts of 25-40% were made. This wasn't done for the fun of it. It took a lot of work.Elroy Blue said:
turbobloke said:
You sound almost disappointed that the spend is going to increase.
As someone who spends every working day trying to keep the wheel from falling off due to the previous cuts of 25%, you'll excuse me if I state that comment is pathetic. Tannedbaldhead said:
I've dealt with private landlords on a professional basis for years and really don't like them. The idea of them getting a reality check appeals. Contrary to most posters' conception of them they are far from millionaires. Most I know are skint. They all seem to have made exactly the same mistake in that they have misjudged the amounts of time a proportion of their properties lie empty. This means they have underestimated their incomes and their cash flow is all over the place.
They are skint, pay no one on time (if at all) and moan like bds at who they blame for their woes, interfering socialistic busy-body councils trampling all over free enterprise by forcing them to fit smoke detectors, insulation, roofs that don't leak, heating that works, carbon monoxide alarms and to pay for nonsense like annual boiler safety checks and asbestos surveys before commencing renovations.
In spite of their relative poverty they do business with build professionals whilst exuding an air of superiority and love get just how many houses they own onto every conversation (often more than once). For some reason their car of choice is a SAAB 9-3 with a private plate something like H54 LET (always the fking LET. They love the world to know they are a landlord. Most have debt levels on a par with the value of their housing stock and if interest rates rise by the slightest amount the breed will go bankrupt en-mass curing an over-valued housing market overnight.
I've rented 6 properties since leaving Uni and none of the landlords were like that. Most are people who had moved elsewhere (often locally) and retained their house/flat for rent. One was a builder who was pretty good at fixing stuff that went wrong quickly. All were fairly reasonable people to deal with.They are skint, pay no one on time (if at all) and moan like b
ds at who they blame for their woes, interfering socialistic busy-body councils trampling all over free enterprise by forcing them to fit smoke detectors, insulation, roofs that don't leak, heating that works, carbon monoxide alarms and to pay for nonsense like annual boiler safety checks and asbestos surveys before commencing renovations. In spite of their relative poverty they do business with build professionals whilst exuding an air of superiority and love get just how many houses they own onto every conversation (often more than once). For some reason their car of choice is a SAAB 9-3 with a private plate something like H54 LET (always the f
king LET. They love the world to know they are a landlord. Most have debt levels on a par with the value of their housing stock and if interest rates rise by the slightest amount the breed will go bankrupt en-mass curing an over-valued housing market overnight. 
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