Re: Don't bother saving for your retirement : Thu Nov 14, 2013 7:05 pm  

PS - thats probably one of the speeches that they have wiped from their archives, fortunately the internet is a big place and they haven't yet come to realise that not just the one copy is ever kept of anything.

Re: Don't bother saving for your retirement : Thu Nov 14, 2013 7:06 pm  

cod'ead wrote:

The "Help to Buy" scheme has SUB-PRIME writ large all over it. The sensible answer is not to help people get into ever more debt, it is to help reduce the price of the desired item (a house) to an affordable level. That can only be done with a massive building programme.

It's worth a look at last night's Newsnight on iPlayer. Professor David Blanchflower (ex member of the BoE Monetary Policy Committee) was on and basically said that the whole of the miniscule UK "recovery" is built on debt and it wouldn't take much of a shift in economics to bring the whole down around our ears again.

There is nothing wrong with helping hard-working families get onto the property ladder and housebuilding is a natural consequence of help to buy.

All this 'minuscule' recovery is just typical Left wing logic.

Argument 1 - 'there won't be a recovery' - proved wrong
Argument 2 - 'there is the wrong type of recovery' - seriously?!

Argument 3 - 'there is a cost of living crisis'. This argument actually has the most traction hence why Milliband runs with it. Let's face it, to argue the first two is getting embarrassing now.

Fortunately however the cost of living will improve with the improving economy.

Re: Don't bother saving for your retirement : Thu Nov 14, 2013 7:15 pm  

Ajw71 wrote:

Fortunately however the cost of living will improve with the improving economy.

Not anytime soon.

No matter how much certain politicians like to think that they hold some sort of control of energy suppliers the fact still remains that they have no say at all in what they can charge end users, indeed the opposite is true as we have seen with EDF this week, they are holding the UK government to ransom in order to get the green levy scrapped and improve their bottom line - and there is NOTHING that any government can do about it.

So expect to see energy prices rising far in excess of inflation for a long time yet and with news also this week that many local authorities will be increasing their council taxes next year, again in defiance of the government (and a lot of them being Tory councils) it doesn't take a genius to work out that a family's utility bills (probably their second largest expenditure each month) look set to keep the cost of living artificially high at a time of still high employment and no pressure to pay half decent wage rises (usually no rises at all).

Re: Don't bother saving for your retirement : Thu Nov 14, 2013 9:08 pm  

Has Ajw71 answered my challenge to provide evidence of what he claims about me yet?

No?

Re: Don't bother saving for your retirement : Thu Nov 14, 2013 10:12 pm  

Mintball wrote:

Has Ajw71 answered my challenge to provide evidence of what he claims about me yet?

No?

Has he answered any sodding question - EVER?

Re: Don't bother saving for your retirement : Fri Nov 15, 2013 9:39 am  

Ajw71 wrote:

...What needs to happen is that a country needs to be in the best position possible when the bust happens...

Look at the stats and then please explain in what way Thatcher's and Major's governments did that.
Or any UK government ... ever.

Ajw71 wrote:

...Labour gave us a great example of how not to do this pre-2008 by building up deficits in boom years and overspending...

Look at the stats and then please tell us the point at which Labour's deficit started to grow, was it in the "boom" years?
(TIP : Look at the time when the economy started to shrink as a result of the banking crisis and tax revenues dipped sharply, thereby raising the budget deficit).

Ajw71 wrote:

...This is why the Tories are more trusted on the economy and probably will be for the foreseeable.

You just swallow it whole don't you?

Oh and, just to reinforce the invincible credibility of your astonishingly erudite analysis, tell us the difference between a budget deficit, a structural deficit and debt and the effects of each in what circumstances.
Then go and eat cake.

Re: Don't bother saving for your retirement : Sun Nov 17, 2013 10:33 am  

Ajw71 wrote:

Argument 1 - 'there won't be a recovery' - proved wrong
Argument 2 - 'there is the wrong type of recovery' - seriously?!

Argument 3 - 'there is a cost of living crisis'. This argument actually has the most traction hence why Milliband runs with it. Let's face it, to argue the first two is getting embarrassing now.

Fortunately however the cost of living will improve with the improving economy.

WHICH ECONOMY????????????????????????????????????????????????!!!!!!!!!!!!!!!!!!!!!!!