Discussion
anonymous said:
[redacted]
In the olden days, almost all upper and middle class families had domestic staff.This was because there was:
A surplus of unskilled labour.
Limited alternative jobs.
No welfare state.
Please make massive cuts to benefits and in return make the cost of employing domestic staff deductable against income tax.
This would also mean all those lovely ruined country houses could be used again.
This thread has been an excellent read so far, some scary stuff.
For those of us who didn't splash out on 105% mortgages, RRS's on finance etc during the good times, it make me fking fuming that our savings are being devalued day by day.
Whatever action takes place now my gut feeling is we're to deep in the st to find a quick way out and growth is going to stagnate for some time yet. Cutting public services expenditure in the way it has been done has not worked, it needed to be focused so that it didn't have the knock on effect of reducing the demand on the private sector in the way it has
For those of us who didn't splash out on 105% mortgages, RRS's on finance etc during the good times, it make me fking fuming that our savings are being devalued day by day.
Whatever action takes place now my gut feeling is we're to deep in the st to find a quick way out and growth is going to stagnate for some time yet. Cutting public services expenditure in the way it has been done has not worked, it needed to be focused so that it didn't have the knock on effect of reducing the demand on the private sector in the way it has
Trommel said:
jdw1234 said:
Please make massive cuts to benefits and in return make the cost of employing domestic staff deductable against income tax.
Would you really want the ex-benefit brigade living under your roof? I'd rather import a few Poles.I was thinking more along the lines of an Oliver Twist type.
Frankeh said:
For £75bn they could have given all income tax payers a ~£2900 rebate..
Just some food for thought.
I wonder what Mr Average would do with that sort of windfall !?Just some food for thought.
http://www.amazon.co.uk/Sharp-LC60LE831E-60-inch-Q...
RichardD said:
Frankeh said:
For £75bn they could have given all income tax payers a ~£2900 rebate..
Just some food for thought.
I wonder what Mr Average would do with that sort of windfall !?Just some food for thought.
http://www.amazon.co.uk/Sharp-LC60LE831E-60-inch-Q...
Frankeh said:
RichardD said:
Frankeh said:
For £75bn they could have given all income tax payers a ~£2900 rebate..
Just some food for thought.
I wonder what Mr Average would do with that sort of windfall !?Just some food for thought.
http://www.amazon.co.uk/Sharp-LC60LE831E-60-inch-Q...
Increase Base Rate
Decrease Fuel Tax
It would increase social mobility, allow people to travel further for jobs, businesses would benefit in decreased haulage costs and costs of goods could come down.
Savers would benefit from higher rates.
Those on tighter budgets could use one to pay for the other.
We've seen 1 round of QE achieve FA why will this be any different.
Any negatives from the armchair experts on the above?
Decrease Fuel Tax
It would increase social mobility, allow people to travel further for jobs, businesses would benefit in decreased haulage costs and costs of goods could come down.
Savers would benefit from higher rates.
Those on tighter budgets could use one to pay for the other.
We've seen 1 round of QE achieve FA why will this be any different.
Any negatives from the armchair experts on the above?
Digga said:
Frankeh said:
RichardD said:
Frankeh said:
For £75bn they could have given all income tax payers a ~£2900 rebate..
Just some food for thought.
I wonder what Mr Average would do with that sort of windfall !?Just some food for thought.
http://www.amazon.co.uk/Sharp-LC60LE831E-60-inch-Q...
I'd also find it difficult to spend the money.
TSCfree said:
Increase Base Rate
Decrease Fuel Tax
It would increase social mobility, allow people to travel further for jobs, businesses would benefit in decreased haulage costs and costs of goods could come down.
Savers would benefit from higher rates.
Those on tighter budgets could use one to pay for the other.
We've seen 1 round of QE achieve FA why will this be any different.
Any negatives from the armchair experts on the above?
Increased borrowing costs for businesses? Admittedly the reduced distribution costs would be a welcome addition and would offset this somewhatDecrease Fuel Tax
It would increase social mobility, allow people to travel further for jobs, businesses would benefit in decreased haulage costs and costs of goods could come down.
Savers would benefit from higher rates.
Those on tighter budgets could use one to pay for the other.
We've seen 1 round of QE achieve FA why will this be any different.
Any negatives from the armchair experts on the above?
What would you more 'learned' guys suggest someone with say £500k in a savings account should do with that money?
Buying a property seems like it could be suicide, savings rates are obviously a joke, and look set to stay that way.
Is there a general wealth preservation route out there?
Buying a property seems like it could be suicide, savings rates are obviously a joke, and look set to stay that way.
Is there a general wealth preservation route out there?
Frankeh said:
Digga said:
Frankeh said:
RichardD said:
Frankeh said:
For £75bn they could have given all income tax payers a ~£2900 rebate..
Just some food for thought.
I wonder what Mr Average would do with that sort of windfall !?Just some food for thought.
http://www.amazon.co.uk/Sharp-LC60LE831E-60-inch-Q...
How about if we throw in a tray of chips and gravy?
Wurls said:
Gargamel said:
Instead of wasting the time giving the money to the banks, why not take the £75bn and cut income tax down to 35% and 15% for a few years. Much greater impact and a vote winner too.
Because there would be RRS's and Big Orange Bangers everywhere. Credit easing is the better option.This is criminal negligence. QE is yet another capitulation to banks, the money will not filter down, savers if there are any of those left, and pensioners, will get hammered, and we will all suffer from inflation, but rich tts will get their hands on it first.
I do not know when these utter idiots will get the message - QE does not work. Money does not filter down it filters up. It should be put in at the bottom not the top, that WOULD boost the economy, but of course it wouldn't bail out bust banks. As to what people would do, a fair number would spend, some would pay down debt, but all that does is increase their confidence to spend in the future.
Edited by cardigankid on Friday 7th October 16:55
Guam said:
Bang on Digga, the economy can ONLY grow if people have more disposable income.
It aint Rocket science is it?
This could be achieved in two ways.
Force Credit Card interest rates down from Usuary levels.
And Reduce Tax rates, rather than the taxpayer being forced to endure decades of Govt debt, to bail the banks out let some of them go.
And exactly how does pritnting more money help, when as Mervyn King admitted it was printing too much money that helped create the mess in the first place.
In A credit crisis how does increasing credit really help us?
As the old Indian movies would say Central banks "speak with forked tongue"
Instead of Just forcing the banks and the markets to take a haircut on Soveriegn Debt.
Force a haircut on CC interest and let people have the resource to pay the damned things down, the banks wouldnt lose by this they would just make less money <although still above base rate>.
Until the guy in the street has more cash in his pocket, not less, then nothing will change imho!
Clearly it takes a rocket scientist to figure out the bleeding obvious?
Finally if that 78 Billion was spent on core infrastructure projects how much difference would that make to the "REAL" economy?
Cheers
Judging by what's gone on in scotland with that tram line from the airport... Probably 78 miles of tram line that doesn't go anywhere particularly useful. It aint Rocket science is it?
This could be achieved in two ways.
Force Credit Card interest rates down from Usuary levels.
And Reduce Tax rates, rather than the taxpayer being forced to endure decades of Govt debt, to bail the banks out let some of them go.
And exactly how does pritnting more money help, when as Mervyn King admitted it was printing too much money that helped create the mess in the first place.
In A credit crisis how does increasing credit really help us?
As the old Indian movies would say Central banks "speak with forked tongue"
Instead of Just forcing the banks and the markets to take a haircut on Soveriegn Debt.
Force a haircut on CC interest and let people have the resource to pay the damned things down, the banks wouldnt lose by this they would just make less money <although still above base rate>.
Until the guy in the street has more cash in his pocket, not less, then nothing will change imho!
Clearly it takes a rocket scientist to figure out the bleeding obvious?
Finally if that 78 Billion was spent on core infrastructure projects how much difference would that make to the "REAL" economy?
Cheers
cardigankid said:
I do not know when these utter idiots will get the message - QE does not work.
there was a clear jump up in m4 lending after the last qe of about 160bn, which suggests the qe was not hoarded by the banks as is continually repeated. without the last lot of qe i suspect current lending would be a lot lower and things in even worse shape. what makes you say qe doesn't work? you have no way of knowing how bad (or good) things would have been without it.fbrs said:
there was a clear jump up in m4 lending after the last qe of about 160bn, which suggests the qe was not hoarded by the banks as is continually repeated. without the last lot of qe i suspect current lending would be a lot lower and things in even worse shape. what makes you say qe doesn't work? you have no way of knowing how bad (or good) things would have been without it.
Ask yourself this; Has it stimulated the economy? Has it increased the supply of money? If it has worked surely we would all have felt the squeeze on our wallets loosen a little.Gassing Station | News, Politics & Economics | Top of Page | What's New | My Stuff