CCfC2023
Well-Known Member
inheritance ?
inheritance ?This is a fascinating publication.
Never worked / long term unemployed have an average wealth of £100,000!
How have they managed that?
A possibility, for them it is good fortune that older people are apparently the wealthiest - and then they die.inheritance ?
The weasel words used to justify the attempted intervention are shocking.Sadly the Chancellor's intervention to the courts on behalf of thepeoplemoney lenders has failed.
Supreme court judges reject Reeves’ motor finance intervention
Chancellor had sought to prevent lenders caught up in commissions scandal being handed £44bn billwww.theguardian.com
That’s part of the problem, but biggest single issue is the rapacity of Private Equity. Macquarie hollowed out Thames, loaded it with debt, and dumped it on some other poor mugs to carry the can, in this case ultimately the tax payer. But everywhere across the UK and the US these companies are extracting value from businesses, firing workers and creating bankruptcies, all whilst enriching themselves. The list of what they own is as endless as their profits.Isn't privatisation brilliant
Thames Water wins court backing for £3bn debt package
Deal approved at high court gives company £1.5bn in upfront cash to stave off collapsewww.theguardian.com
Root cause of that is opening it up to the market. The shareholder democracy exposed for the nonsense it is or was.That’s part of the problem, but biggest single issue is the rapacity of Private Equity. Macquarie hollowed out Thames, loaded it with debt, and dumped it on some other poor mugs to carry the can, in this case ultimately the tax payer. But everywhere across the UK and the US these companies are extracting value from businesses, firing workers and creating bankruptcies, all whilst enriching themselves. The list of what they own is as endless as their profits.
Ofc but there’s a much bigger problem than than this. Private Equity is sucking money and jobs out of the country from every angle. They own the fostering agencies, the care homes, the specialist care centres, almost everywhere the government is spending money they’re there on the other side. It’s ironic that we can’t afford to pay for the king to have a yacht anymore, but the PE partners are all buying yachts with the money the government are giving them.Root cause of that is opening it up to the market. The shareholder democracy exposed for the nonsense it is or was.
Ofc but there’s a much bigger problem than than this. Private Equity is sucking money and jobs out of the country from every angle. They own the fostering agencies, the care homes, the specialist care centres, almost everywhere the government is spending money they’re there on the other side. It’s ironic that we can’t afford to pay for the king to have a yacht anymore, but the PE partners are all buying yachts with the money the government are giving them.
Royalty?This is a fascinating publication.
Never worked / long term unemployed have an average wealth of £100,000!
How have they managed that?
This is a fascinating publication.
Never worked / long term unemployed have an average wealth of £100,000!
How have they managed that?
In fairness, the situation is more complex than simply just an attempt to avoid redressing impacted customers, the ruling could (I stress "could" as it is not known what it would be) have wider impacts on brokered consumer finance, as well as the motor industry as finance providers get twitchy and pull back from providing car finance.Sadly the Chancellor's intervention to the courts on behalf of thepeoplemoney lenders has failed.
Supreme court judges reject Reeves’ motor finance intervention
Chancellor had sought to prevent lenders caught up in commissions scandal being handed £44bn billwww.theguardian.com
Don't you work for a financial institution?In fairness, the situation is more complex than simply just an attempt to avoid redressing impacted customers, the ruling could (I stress "could" as it is not known what it would be) have wider impacts on brokered consumer finance, as well as the motor industry as finance providers get twitchy and pull back from providing car finance.
Of course the court should not really care about the impact, as the interest-based commissions paid to car dealers are either lawful or unlawful, but it is natural for stakeholders, such as the UK Government, to be concerned. Obviously, justice should prevail, whatever the Supreme Court decide.
Interesting that education is a factor in the CPI calculation, given only 7% of the population are privately educated. I assume it is weighted?
Are there enough of them to skew that stats that much?Royalty?
And energy is to go up quite a bit with the new energy cap. Not what Labour allowed us to think pre election. If their £300 reduction pledge had expired by election day, which proves it is not worth listening to pledges by opposition parties, they really ought to come out and say it very clearlyYeah, will be weighted. Likely only small impact. Larger impact is businesses increasing prices at start of the year (standard) but raising them even more because of the upcoming employer NIC increase. Plus the usuals, energy etc
And energy is to go up quite a bit with the new energy cap. Not what Labour allowed us to think pre election. If their £300 reduction pledge had expired by election day, which proves it is not worth listening to pledges by opposition parties, they really ought to come out and say it very clearly
It’s obvious I’m still fixated on that £300 despite a number of posters telling me that was dropped two years ago. Unless the intention is to allow prices to go up mahooosively and, as they edge down, claim the £300. Cynical I know, but they will be desperate. Inflation up, growth not as much as forecast.
You keep banging on about this but don’t seem to know the details. There was a report that stated a fully clean energy system could reduce bills by £300 on average. Obviously we do not have a clean energy system, Labours pledge was to have one by 2030. There was never a pledge to immediately reduce energy bills by £300 no matter how much you pretend there was for outrage.
Serious question, I know you're a bit more clued on this sort of thing. For example, why haven't the council added something like £5pcm onto council tax and used it to fund a clean energy initiative, so a wind farm is built on the edge of the city or even in the city centre of top of buildings (is that even possible?) in return, the residents of the city get cheaper energy and even excess can be sold of to the grid.
Even stuff like forcing new housing estates in this city to come with Solar built on every home just seems sensible to me.
People really seem to struggle with the difference between a soundbite from several years ago to an actual general election manifesto.
People really seem to struggle with the difference between a soundbite from several years ago to an actual general election manifesto.
Not as much as people struggling when somebody from Labour is found to be bullshitting. Literally have to Google Tory bullshit to comfort themselves like a blanket. Sat in the corner talking to themselves telling them that it will all be OK because the Tories do it as well.
Weird.
It's a clip from the Jeremy Vine program where Starmer makes a clear pre election promise not to raise energy bills a promise he has now broken amongst others rand all you can do in make an ad hominem attack without any engagement with the content.Claims Labour pledged to freeze energy bills appears to refer to old policy – Full Fact
Labour pledged to keep energy bills frozen in response to rising prices in 2022. It did not make any such promise in its recent election manifesto.fullfact.org
As a general rule of thumb if James Melville is tweeting it it’s probably nonsense.
A lot of this sort of thing was in Corbyns plans. I dunno man. I don’t get the uk energy market at all, I asked ChatGPT to explain it to me the other day and came out none the wiser.
Generally though councils have no powers to raise taxes beyond limited council tax rises. 2% (which is below inflation recently) before you need a referendum.
As with transport it would really help if they could do stuff like this. There’s been attempts to force developers to do things but there’s always pushback that it’ll make housing more expensive so we can’t do it.
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