Excuses, Excuses, Excuses

[Euler]

Talking of housing, some home truths delivered in this speech. Trying to be completely partisan, it's a really wake up call for the incoming MPs: -

https://x.com/Conservatives/status/1814296123659731221

[firlandsfarm]

Is that eviction process why rents are so high? Or are high rents simply due to supply/demand? I know squat about this arena. Very long time since I or anyone I know rented a property.

For me it's supply and demand. When the agency asks what rent I want I always respond it's not what I want it's what the market will bear. I often have to remind my agents that if standing out for an additional £100pm rent on a £1,400pm property delays finding a tenant it would take me 14 months to recover that lost month's rent in which time there probably would have been a rent review! Just get the tenant in and get the rent flowing is my philosophy.

[firlandsfarm]

People who complain of the rent market (which is free supply and demand based) without knowing the harm Government intervention and control can cause. I remember the problems caused in the past ... sitting tenants, rent control officers etc. The end result was landlords pulled their properties causing a shortage of accommodation. The rental market came back when those constraints were lifted. The market should be self levelling. Higher rents make property investment more attractive, which means more rental properties on the market bringing rents down and thus making property investment less attractive. What's pushed rents up is the increased demand from a fast rising population without a corresponding rise in housing stock. My wife and I are in the process of gradually selling our properties because although we have owned them for 15 years the current interest rates make them a drain on our other income. And when we do sell then as BTL landlords we are treated to a higher rate of CGT.

[firlandsfarm]

Talking of housing, some home truths delivered in this speech. Trying to be completely partisan, it's a really wake up call for the incoming MPs: -

https://x.com/Conservatives/status/1814296123659731221

Thank you for posting that Peter, it should be a big wake-up call to all who believe Labour's streets are paved with gold. As I said in another post you cannot make house building targets compulsory for who and how do you punish if the target is not met? I suspect every member of the Shadow Cabinet could give a similar speech.

[greenmark]

Talking of housing, some home truths delivered in this speech. Trying to be completely partisan, it's a really wake up call for the incoming MPs: -

https://x.com/Conservatives/status/1814296123659731221

Thank you for posting that Peter, it should be a big wake-up call to all who believe Labour's streets are paved with gold. As I said in another post you cannot make house building targets compulsory for who and how do you punish if the target is not met? I suspect every member of the Shadow Cabinet could give a similar speech.

If the tories couldn't get things right in 14 years they have ZERO credibility. The public have said so. Any waffling from Tories in opposition is drivel.
But they need to keep analyzing and making their points. It's important.

[Archery1969]

Talking of housing, some home truths delivered in this speech. Trying to be completely partisan, it's a really wake up call for the incoming MPs: -

https://x.com/Conservatives/status/1814296123659731221

Thank you for posting that Peter, it should be a big wake-up call to all who believe Labour's streets are paved with gold. As I said in another post you cannot make house building targets compulsory for who and how do you punish if the target is not met? I suspect every member of the Shadow Cabinet could give a similar speech.

If the tories couldn't get things right in 14 years they have ZERO credibility. The public have said so. Any waffling from Tories in opposition is drivel.
But they need to keep analyzing and making their points. It's important.

Labour maybe in power but they only got 33.7% of the national vote. Nowhere near even 50%, so you could argue that the country as a whole didn’t vote for them. That’s one of the problems with first pass the post systems. Under PR more of the people would have more say on the direction of the country. It also would mean that unless deals are done with give and take then even the ruling party can be blocked in a parliament. Yes it would mean the likes of Farage and reform UK would have around 82 MPs. Some might not like that but around 4.5 million people voted for them and it’s not a good idea to ignore that number of voters or any large number of voters.

[firlandsfarm]

Talking of housing, some home truths delivered in this speech. Trying to be completely partisan, it's a really wake up call for the incoming MPs: -

https://x.com/Conservatives/status/1814296123659731221

Thank you for posting that Peter, it should be a big wake-up call to all who believe Labour's streets are paved with gold. As I said in another post you cannot make house building targets compulsory for who and how do you punish if the target is not met? I suspect every member of the Shadow Cabinet could give a similar speech.

If the tories couldn't get things right in 14 years they have ZERO credibility. The public have said so. Any waffling from Tories in opposition is drivel.
But they need to keep analyzing and making their points. It's important.

We're doomed, we are all doomed ... the Tories will waffle drivel in Opposition and Labour will waffle drivel in Government ... there is no hope for us!

[Archery1969]

Thank you for posting that Peter, it should be a big wake-up call to all who believe Labour's streets are paved with gold. As I said in another post you cannot make house building targets compulsory for who and how do you punish if the target is not met? I suspect every member of the Shadow Cabinet could give a similar speech.

If the tories couldn't get things right in 14 years they have ZERO credibility. The public have said so. Any waffling from Tories in opposition is drivel.
But they need to keep analyzing and making their points. It's important.

We're doomed, we are all doomed ... the Tories will waffle drivel in Opposition and Labour will waffle drivel in Government ... there is no hope for us!

Don’t worry, for what it’s worth I now have the same waffle in Canada. Big difference is most in rural areas don’t give a “that word”.

They were more annoyed that someone banned their handguns overnight. But from what I have seen, allot didn’t hand them over to RCMP and there is not national registry for individual firearms. So the Police and Government don’t know what you bought or where they may be.

[greenmark]

Thank you for posting that Peter, it should be a big wake-up call to all who believe Labour's streets are paved with gold. As I said in another post you cannot make house building targets compulsory for who and how do you punish if the target is not met? I suspect every member of the Shadow Cabinet could give a similar speech.

If the tories couldn't get things right in 14 years they have ZERO credibility. The public have said so. Any waffling from Tories in opposition is drivel.
But they need to keep analyzing and making their points. It's important.

We're doomed, we are all doomed ... the Tories will waffle drivel in Opposition and Labour will waffle drivel in Government ... there is no hope for us!

Only 4 ish years of Labour drivel to go. I wonder whether they may get some things right. A chimp would get a question right 50% of the time. Unless it involved food, sex. social competition or deciding to get up a tree when confronted by a tiger.

[Archery1969]

If the tories couldn't get things right in 14 years they have ZERO credibility. The public have said so. Any waffling from Tories in opposition is drivel.
But they need to keep analyzing and making their points. It's important.

We're doomed, we are all doomed ... the Tories will waffle drivel in Opposition and Labour will waffle drivel in Government ... there is no hope for us!

Only 4 ish years of Labour drivel to go. I wonder whether they may get some things right. A chimp would get a question right 50% of the time. Unless it involved food, sex. social competition or deciding to get up a tree when confronted by a tiger.

Things are not looking good so far. Sir Kier being slammed for not intervening on Just Stop Oil protesters prison sentences and based on recommendations they need to find £3.5 billion for some public sector pay rises. And that excludes junior doctors. I think, there could be allot of strikes in the coming months. Rather strange as Labour is in bed with the trade unions etc.

Fun times.

[sionascaig]

https://www.bbc.co.uk/news/articles/cydv2v3170eo

Seriously disappointed by labour pretending a £20bn (per annum) black hole in public finances is news. It was repeatedly brought up pre election and they refused to discuss it (as did the Conservatives mind you).

==> so over to where will the axe fall / increase in taxes...

Yet again the British public are taken for morons by the main parties...

[Archery1969]

https://www.bbc.co.uk/news/articles/cydv2v3170eo

Seriously disappointed by labour pretending a £20bn (per annum) black hole in public finances is news. It was repeatedly brought up pre election and they refused to discuss it (as did the Conservatives mind you).

==> so over to where will the axe fall / increase in taxes...

Yet again the British public are taken for morons by the main parties...

On the 4th June 2024 the resolution foundation said there was a £33 Billion hole in the UK public finances. Also, the OBR publish a report each month on gaps which is submitted to Parliament for every MP to look at.

Labour are now saying they didn't know it was this bad. That's rubbish.

Its thought the new Chancellor will now say 'Taxes will have to rise in the autumn', its likely she will go after those with private pensions. I imagine thats going to do down like a lead balloon.

[greenmark]

https://www.bbc.co.uk/news/articles/cydv2v3170eo

Seriously disappointed by labour pretending a £20bn (per annum) black hole in public finances is news. It was repeatedly brought up pre election and they refused to discuss it (as did the Conservatives mind you).

==> so over to where will the axe fall / increase in taxes...

Yet again the British public are taken for morons by the main parties...

On the 4th June 2024 the resolution foundation said there was a £33 Billion hole in the UK public finances. Also, the OBR publish a report each month on gaps which is submitted to Parliament for every MP to look at.

Labour are now saying they didn't know it was this bad. That's rubbish.

Its thought the new Chancellor will now say 'Taxes will have to rise in the autumn', its likely she will go after those with private pensions. I imagine thats going to do down like a lead balloon.

I doubt she'll go after pensions. That would be daft. You tax human endeavour. If people can get to pension age with a usable pension they will have been taxed all along. It would be the first gaffe and people would definitely take revenge at the next election, council or general.

[jimibt]

https://www.bbc.co.uk/news/articles/cydv2v3170eo

Seriously disappointed by labour pretending a £20bn (per annum) black hole in public finances is news. It was repeatedly brought up pre election and they refused to discuss it (as did the Conservatives mind you).

==> so over to where will the axe fall / increase in taxes...

Yet again the British public are taken for morons by the main parties...

On the 4th June 2024 the resolution foundation said there was a £33 Billion hole in the UK public finances. Also, the OBR publish a report each month on gaps which is submitted to Parliament for every MP to look at.

Labour are now saying they didn't know it was this bad. That's rubbish.

Its thought the new Chancellor will now say 'Taxes will have to rise in the autumn', its likely she will go after those with private pensions. I imagine thats going to do down like a lead balloon.

I doubt she'll go after pensions. That would be daft. You tax human endeavour. If people can get to pension age with a usable pension they will have been taxed all along. It would be the first gaffe and people would definitely take revenge at the next election, council or general.

it could be inheritance tax, at the moment, that's set at £325k threshold (£650k for couples). changing that down and/or changing the rate (currently 40% after threshold breached) could have a massive impact on a number of NORMAL households. of course, with a clever bit of tax planning and trust funds, those in the know will make plans for that now.

[greenmark]

On the 4th June 2024 the resolution foundation said there was a £33 Billion hole in the UK public finances. Also, the OBR publish a report each month on gaps which is submitted to Parliament for every MP to look at.

Labour are now saying they didn't know it was this bad. That's rubbish.

Its thought the new Chancellor will now say 'Taxes will have to rise in the autumn', its likely she will go after those with private pensions. I imagine thats going to do down like a lead balloon.

I doubt she'll go after pensions. That would be daft. You tax human endeavour. If people can get to pension age with a usable pension they will have been taxed all along. It would be the first gaffe and people would definitely take revenge at the next election, council or general.

it could be inheritance tax, at the moment, that's set at £325k threshold (£650k for couples). changing that down and/or changing the rate (currently 40% after threshold breached) could have a massive impact on a number of NORMAL households. of course, with a clever bit of tax planning and trust funds, those in the know will make plans for that now.

Possible I guess. Not so much with the threshold (which they may freeze) but perhaps the rate.
Isn't it more likely we get a slight increase on income....or VAT......or on companies more likely. The autumn budget could be quite .....interesting!
TBH it wouldn't bother me. It's clear our services are knackered and we all have to contribute. It's also clear the richest have actually gained recently while everyone else has taken a hit. I'm not against entrepreneurs, but they can't earn money without the rest of us and should pay their fair share and not use smart accountants/lawyers to avoid tax.