Greenwood2
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Post by Greenwood2 on Sept 11, 2024 8:40:01 GMT
Mortgage rates were 15% plus in the early 80s, (I don't think they were that high in the 90s). We first bought in the 70s and it was absolutely crippling we were totally broke at the time, paying the mortgage took pretty much all of our income and that was for a tiny terraced house in a cheap area. Then there was the three day week, power cuts and the fuel shortages. While the 70s were undoubtedly grim, mortgage rates at the time were not. It is true that nominal mortgage rates were high, but so was inflation - peaking at 25% in 1975 and still 15% in 1980. Real interest rates, after adjusting for inflation, were negative for much of the period. For housebuyers they were always negative, because of tax relief on the interest payments. While your payments may have been crippling for the first year or two inflation will have rapidly solved the problem. You will have expected that when you took the loan out. It may well have been part of the reason why you did. Real interest rates turned significantly positive only from 1982, when inflation fell sharply to around 5%. Base rate began that year over 14% and ended it at 10%. Inflation was high but unfortunately my income like many other people's at the time didn't increase, everything else was going up of course. Eventually rates came down and my wages went up and things became more manageable, I don't regret doing it, but at the time it was definitely counting pennies at the end of each month.
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Post by moonraker on Sept 11, 2024 9:03:48 GMT
Photographs in today's newspapers of jubilant prisoners being released early - along side coverage of the Parliamentary debate on restricting the Winter Fuel Allowance.
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agent69
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Post by agent69 on Sept 11, 2024 12:41:49 GMT
The sentencing of a 12-year-old who admitted to participating in two separate incidents of disorder in Manchester last month has been adjourned because his mother has gone on holiday to Ibiza, a court heard. A mum who went on holiday to Ibiza rather than attending her son's sentencing hearing for his role in riots has been ordered to pay compensation. The 30-year-old mother was ordered to pay £1,200 compensation - approximately the same price as her holiday - and given a parental order.
The boy, who has ADHD, was described as a "lovely affectionate little boy" by his single mother, but who had at times a "chaotic" home life.
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benaj
Member of DD Central
N/A
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Post by benaj on Sept 11, 2024 17:57:53 GMT
So, the judge wanted someone to pay for compensation. I assume the kid can’t pay from his piggy bank then. Not really about the “appropriate adult” in court.
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09dolphin
Member of DD Central
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Post by 09dolphin on Sept 11, 2024 18:39:18 GMT
I have no problems with the Winter Fuel Allowance being means tested. I totaly agree that peope like me who can afford to pay the full cost of their energy bill should. What I object to is that people who have a pension income of circa 12K and are therefore ineligable for pension credit so are £200 - 300 per year worse off as their income is greater than the meagre amount they are allowed before they can claim.
We are talking about people who often worked from being 15 years old to retirement age (50 years) not the 35 years now required for a pension.
Yes there are probably some allowances they could claim - but how does someone who is computer illiterate and doesn't have children to look after their interests know this. They may be intensly proud and feel ashamed
I live next to a 93 year old gentleman who worked in the steel industry who is in this situation. A man who did national service and fought for his country (I think in Korea). A man who owns a house I know he can't really afford to maintain but he does his best and is too proud to admit he has a problem. I am so worried about him.
How is it fair to remove the Winter Fuel Allowance from him?
I am so angry that a socialist government can do this to the elderly that I actually wonder if they intend to kill the older people and it is their intention to save more money by not having to pay his pension.
Sorry - rant over -. But I think the society I now live in is one I am ashamed of.
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keitha
Member of DD Central
2024, hopefully the year I get out of P2P
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Post by keitha on Sept 11, 2024 18:59:04 GMT
I have no problems with the Winter Fuel Allowance being means tested. I totaly agree that peope like me who can afford to pay the full cost of their energy bill should. What I object to is that people who have a pension income of circa 12K and are therefore ineligable for pension credit so are £200 - 300 per year worse off as their income is greater than the meagre amount they are allowed before they can claim. We are talking about people who often worked from being 15 years old to retirement age (50 years) not the 35 years now required for a pension. Yes there are probably some allowances they could claim - but how does someone who is computer illiterate and doesn't have children to look after their interests know this. They may be intensly proud and feel ashamed I live next to a 93 year old gentleman who worked in the steel industry who is in this situation. A man who did national service and fought for his country (I think in Korea). A man who owns a house I know he can't really afford to maintain but he does his best and is too proud to admit he has a problem. I am so worried about him. How is it fair to remove the Winter Fuel Allowance from him? I am so angry that a socialist government can do this to the elderly that I actually wonder if they intend to kill the older people and it is their intention to save more money by not having to pay his pension. Sorry - rant over -. But I think the society I now live in is one I am ashamed of. The binary application is terrible Pension £212 no other income you get £3 a week pension credit bringing you to £215, Pension credit is a gateway benefit, here that £3 a week also gets you 50% off your council tax another £500, If you are renting you get some housing benefit. you qualify for the warm home scheme and cold weather payments etc being below that £215 a week cut off can get you £2000 or more in benefits ie you end up better off than someone on full state pension with no other income.
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Post by Badly Drawn Stickman on Sept 11, 2024 19:21:02 GMT
I have no problems with the Winter Fuel Allowance being means tested. I totaly agree that peope like me who can afford to pay the full cost of their energy bill should. What I object to is that people who have a pension income of circa 12K and are therefore ineligable for pension credit so are £200 - 300 per year worse off as their income is greater than the meagre amount they are allowed before they can claim. We are talking about people who often worked from being 15 years old to retirement age (50 years) not the 35 years now required for a pension. Yes there are probably some allowances they could claim - but how does someone who is computer illiterate and doesn't have children to look after their interests know this. They may be intensly proud and feel ashamed I live next to a 93 year old gentleman who worked in the steel industry who is in this situation. A man who did national service and fought for his country (I think in Korea). A man who owns a house I know he can't really afford to maintain but he does his best and is too proud to admit he has a problem. I am so worried about him. How is it fair to remove the Winter Fuel Allowance from him? I am so angry that a socialist government can do this to the elderly that I actually wonder if they intend to kill the older people and it is their intention to save more money by not having to pay his pension. Sorry - rant over -. But I think the society I now live in is one I am ashamed of. I had decided to 'stuff the next person I heard saying they did not need the fuel allowance into my freezer for two hours'. However due to the fact there is no space in there and I cant be bothered to track you down, I will let it pass. I mostly agree with you. It is a physical fact that as people age their ability to withstand cold weather reduces considerably. So need to keep warmer in cold weather, the reason for the fuel allowance first being introduced. So yes the Governments plan is quite likely to endanger life on a grand scale (getting into full dramatic mode here) and is a shameful act. Yes many nuances and household setups make it a fairly blunt instrument to achieve targeted aid, I suspect however the cost of not giving it will simply be transferred to the NHS in trying to save lives caused by its absence. Once again we have replaced one set of blinkered 'Leaders' with another set equally as incapable of thinking outside the box. No apology rant only just getting out of the starting blocks...........
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michaelc
Member of DD Central
Say No To T.D.S.
Posts: 5,717
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Post by michaelc on Sept 11, 2024 19:29:17 GMT
I have no problems with the Winter Fuel Allowance being means tested. I totaly agree that peope like me who can afford to pay the full cost of their energy bill should. What I object to is that people who have a pension income of circa 12K and are therefore ineligable for pension credit so are £200 - 300 per year worse off as their income is greater than the meagre amount they are allowed before they can claim. We are talking about people who often worked from being 15 years old to retirement age (50 years) not the 35 years now required for a pension. Yes there are probably some allowances they could claim - but how does someone who is computer illiterate and doesn't have children to look after their interests know this. They may be intensly proud and feel ashamed I live next to a 93 year old gentleman who worked in the steel industry who is in this situation. A man who did national service and fought for his country (I think in Korea). A man who owns a house I know he can't really afford to maintain but he does his best and is too proud to admit he has a problem. I am so worried about him. How is it fair to remove the Winter Fuel Allowance from him? I am so angry that a socialist government can do this to the elderly that I actually wonder if they intend to kill the older people and it is their intention to save more money by not having to pay his pension. Sorry - rant over -. But I think the society I now live in is one I am ashamed of. I had decided to 'stuff the next person I heard saying they did not need the fuel allowance into my freezer for two hours'. However due to the fact there is no space in there and I cant be bothered to track you down, I will let it pass. I mostly agree with you. It is a physical fact that as people age their ability to withstand cold weather reduces considerably. So need to keep warmer in cold weather, the reason for the fuel allowance first being introduced. So yes the Governments plan is quite likely to endanger life on a grand scale (getting into full dramatic mode here) and is a shameful act. Yes many nuances and household setups make it a fairly blunt instrument to achieve targeted aid, I suspect however the cost of not giving it will simply be transferred to the NHS in trying to save lives caused by its absence. Once again we have replaced one set of blinkered 'Leaders' with another set equally as incapable of thinking outside the box. No apology rant only just getting out of the starting blocks........... Are they the only cohort ? I thought babies, young children and the sick also suffer disproportionately in a cold home.
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Post by captainconfident on Sept 11, 2024 19:51:17 GMT
Its all down to a failure to tax people properly, a failure going back 30 years in not helping people insulate their homes. Multiple systemic failures due to an obsession with reducing taxes regardless of the state of public finances. Reporting to you from the continent, I can say that there are no food banks in my country of residence and no need for winter fuel payments.
I never voted Labour in my life but the dishonesty of saying that Labour wants to kill pensioners, that "the Labour Party wants to raise your taxes", of course they effing don't. But Hunt lopped 21 billion off the NI tax take to win the election with a bribe KNOWING that if they didn't it dumped a great big $41t in the lap of their opponents, creating a situation where any incoming government has to take measures like this one to maintain basic services.
And a lot more to come. This new government can't start on trying to make the country better until it has gained control of a sufficient income. So give them a chance and cut the bullsh that Labour politicians, socialists, don't want the best for the poor.
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Post by bracknellboy on Sept 11, 2024 19:59:51 GMT
Its all down to a failure to tax people properly, a failure going back 30 years in not helping people insulate their homes. Multiple systemic failures due to an obsession with reducing taxes regardless of the state of public finances. Reporting to you from the continent, I can say that there are no food banks in my country of residence and no need for winter fuel payments. I never voted Labour in my life but the dishonesty of saying that Labour wants to kill pensioners, that "the Labour Party wants to raise your taxes", of course they effing don't. But Hunt lopped 21 billion off the NI tax take to win the election with a bribe KNOWING that if they didn't it dumped a great big $41t in the lap of their opponents, creating a situation where any incoming government has to take measures like this one to maintain basic services. And a lot more to come. This new government can't start on trying to make the country better until it has gained control of a sufficient income. So give them a chance and cut the bullsh that Labour politicians, socialists, don't want the best for the poor. The previous government had only quite recently lumped 2% ON to NI - or at least promised to do so - only to have Hunt come in and remove it (or was it Quasi Kwateng that lopped it off again). I think that could have given Labour the almost perfect excuse to go into the election saying they would go ahead with the previously promised plan to increase it and target the proceeds to NHS and Social care. Apparently changes to NI is one of the least effective voting intention dial movers. For some reason people just don't seem to equate it with income tax. At the very least it would have given them wiggle room and I'm pretty damn sure that the only downside for them might have been a small dent in the size of their majority. At worst.
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Post by captainconfident on Sept 11, 2024 20:20:08 GMT
Agreed bracknellboy. Both parties were being told not to be dishonest about the need to plug gaps in public finances by the IFS and others. Labour made its own rod for its back by promising not to raise basic taxes, leaving their options limited to peripheral takes like the WFP and other wheezes they will announce in the budget. Neither party faces reality. The Labour backbencher who proudly abstained on the radio today. Totally self serving and irresponsible. Someone (Starmer) needs to stand up and say.. Well don't say "its all going to be terrible and then get worse". Say " Here is my plan for a root and branch reform of how we do things. I'm sorry, but some taxes will rise but the payback will be greater in terms of better public services, a less divided society, better local government etc etc"
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keitha
Member of DD Central
2024, hopefully the year I get out of P2P
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Post by keitha on Sept 11, 2024 21:17:57 GMT
Its all down to a failure to tax people properly, a failure going back 30 years in not helping people insulate their homes. Multiple systemic failures due to an obsession with reducing taxes regardless of the state of public finances. Reporting to you from the continent, I can say that there are no food banks in my country of residence and no need for winter fuel payments. I never voted Labour in my life but the dishonesty of saying that Labour wants to kill pensioners, that "the Labour Party wants to raise your taxes", of course they effing don't. But Hunt lopped 21 billion off the NI tax take to win the election with a bribe KNOWING that if they didn't it dumped a great big $41t in the lap of their opponents, creating a situation where any incoming government has to take measures like this one to maintain basic services. And a lot more to come. This new government can't start on trying to make the country better until it has gained control of a sufficient income. So give them a chance and cut the bullsh that Labour politicians, socialists, don't want the best for the poor. The previous government had only quite recently lumped 2% ON to NI - or at least promised to do so - only to have Hunt come in and remove it (or was it Quasi Kwateng that lopped it off again). I think that could have given Labour the almost perfect excuse to go into the election saying they would go ahead with the previously promised plan to increase it and target the proceeds to NHS and Social care. Apparently changes to NI is one of the least effective voting intention dial movers. For some reason people just don't seem to equate it with income tax. At the very least it would have given them wiggle room and I'm pretty damn sure that the only downside for them might have been a small dent in the size of their majority. At worst. Pruning NI they said was reducing taxes, but only for people of working age, quite honestly I can see Pensions ( over and above the state pension ) being subject to NI - that keeps the promise of not increasing taxes but increases the take
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ilmoro
Member of DD Central
'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
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Post by ilmoro on Sept 11, 2024 22:59:03 GMT
Its all down to a failure to tax people properly, a failure going back 30 years in not helping people insulate their homes. Multiple systemic failures due to an obsession with reducing taxes regardless of the state of public finances. Reporting to you from the continent, I can say that there are no food banks in my country of residence and no need for winter fuel payments. I never voted Labour in my life but the dishonesty of saying that Labour wants to kill pensioners, that "the Labour Party wants to raise your taxes", of course they effing don't. But Hunt lopped 21 billion off the NI tax take to win the election with a bribe KNOWING that if they didn't it dumped a great big $41t in the lap of their opponents, creating a situation where any incoming government has to take measures like this one to maintain basic services. And a lot more to come. This new government can't start on trying to make the country better until it has gained control of a sufficient income. So give them a chance and cut the bullsh that Labour politicians, socialists, don't want the best for the poor. Thought you were in Belgium? Have you moved?
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Post by captainconfident on Sept 12, 2024 0:04:11 GMT
In Tilburg. Be careful, anyone who comes in my orbit gets asked to donate. cztilburgtenmiles.nlAh ilmoro , I see where you're going, its like having a fact checking bot on my tail when I'm trying to write a polemic. I bet the pub empties every time you open the door.
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pikestaff
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Post by pikestaff on Sept 12, 2024 7:49:16 GMT
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