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Post by Huddysleftfoot on Jul 3, 2022 13:52:50 GMT
I haven't done a cusum analysis huddy, but simple visual examination on those graphs would suggest to me that productivity has been on a general upward trend. Conversely wages flattened out in 1973 when the UK joined the EEC not 1979, but then I may be biased.
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Post by Huddysleftfoot on Jul 3, 2022 14:16:50 GMT
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Post by Rednwhitenblue on Jul 3, 2022 16:43:50 GMT
Is that Dorries handing out the trophies at Silverstone?
She loves a bit of Formula 1 does our Nadine, those bikes go so fast and the musical about Lewis has some great songs.
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Post by knype on Jul 3, 2022 19:29:15 GMT
Is that Dorries handing out the trophies at Silverstone? She loves a bit of Formula 1 does our Nadine, those bikes go so fast and the musical about Lewis has some great songs. Wow, if you've made that up you need seek help. That's awful
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Post by Gob Bluth on Jul 3, 2022 20:45:24 GMT
So much for what he said at cop in Glasgow yet another boris lie Essex! You’re not new round here! What he says doesn’t apply to him, they’re just rules for everyone else.
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Post by Huddysleftfoot on Jul 4, 2022 6:30:51 GMT
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Post by thevoid on Jul 4, 2022 6:55:16 GMT
Is that Dorries handing out the trophies at Silverstone? She loves a bit of Formula 1 does our Nadine, those bikes go so fast and the musical about Lewis has some great songs.
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Post by elystokie on Jul 4, 2022 7:35:56 GMT
Is that Dorries handing out the trophies at Silverstone? She loves a bit of Formula 1 does our Nadine, those bikes go so fast and the musical about Lewis has some great songs. Did anyone score a century or a try at the Formula 1 yesterday?
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Post by Huddysleftfoot on Jul 4, 2022 7:42:51 GMT
Is that Dorries handing out the trophies at Silverstone? She loves a bit of Formula 1 does our Nadine, those bikes go so fast and the musical about Lewis has some great songs. Did anyone score a century or a try at the Formula 1 yesterday? No but according to Nadine, Lewis won with a nine dart checkout.
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Post by cerebralstokie on Jul 4, 2022 7:48:22 GMT
Is that Dorries handing out the trophies at Silverstone? She loves a bit of Formula 1 does our Nadine, those bikes go so fast and the musical about Lewis has some great songs. Did anyone score a century or a try at the Formula 1 yesterday? I thought she had been snookered.
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Post by partickpotter on Jul 4, 2022 7:49:11 GMT
Did anyone score a century or a try at the Formula 1 yesterday? No but according to Nadine, Lewis won with a nine dart checkout. No. That doesn’t work. You’re supposed to mix the sports up to make the joke work. For example, Lewis won with a clearance to an easy pink after sinking a trick brown. That sort of thing.
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Post by Huddysleftfoot on Jul 4, 2022 8:15:10 GMT
No but according to Nadine, Lewis won with a nine dart checkout. No. That doesn’t work. You’re supposed to mix the sports up to make the joke work. For example, Lewis won with a clearance to an easy pink after sinking a trick brown. That sort of thing. In that case yours doesn't work either. A nine darter after cutting Verstappen to square leg for four maybe.
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Post by Huddysleftfoot on Jul 4, 2022 8:17:55 GMT
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Post by partickpotter on Jul 4, 2022 8:21:45 GMT
No. That doesn’t work. You’re supposed to mix the sports up to make the joke work. For example, Lewis won with a clearance to an easy pink after sinking a trick brown. That sort of thing. In that case yours doesn't work either. A nine darter after cutting Verstappen to square leg for four maybe. Now you're trying too hard. Don't give up the day job.
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Post by Huddysleftfoot on Jul 4, 2022 8:24:15 GMT
In that case yours doesn't work either. A nine darter after cutting Verstappen to square leg for four maybe. Now you're trying too hard. Don't give up the day job. LOL.
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Post by Gob Bluth on Jul 4, 2022 10:34:48 GMT
The problem with monetary policy is you only have one lever unlike fiscal policy. I completely agree with his conclusion that the government want rates to go up and it will have negative impacts on the economy but it's the best way to at least make a dent in the housing crisis which the thread doesn't really look at. The idea that we solving housing by allowing 50 year mortgages that can be passed on to children (I believe it was in the papers this weekend) is so distasteful considering where we were as a society. People have over leveraged themselves and that's because we have a generation who have known nothing other than historically low rates. We also have to remember that the governments social care proposal requires people to fund it by selling their homes, they can't have it both ways. We can't pass houses on to children for them to take on the debt AND use it to pay for social care. The solution from me is to make it very expensive to own additional homes with a view to moving away from them being investment opportunities and back to places that people live in.
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Post by elystokie on Jul 4, 2022 10:46:20 GMT
The problem with monetary policy is you only have one lever unlike fiscal policy. I completely agree with his conclusion that the government want rates to go up and it will have negative impacts on the economy but it's the best way to at least make a dent in the housing crisis which the thread doesn't really look at. The idea that we solving housing by allowing 50 year mortgages that can be passed on to children (I believe it was in the papers this weekend) is so distasteful considering where we were as a society. People have over leveraged themselves and that's because we have a generation who have known nothing other than historically low rates. We also have to remember that the governments social care proposal requires people to fund it by selling their homes, they can't have it both ways. We can't pass houses on to children for them to take on the debt AND use it to pay for social care. The solution from me is to make it very expensive to own additional homes with a view to moving away from them being investment opportunities and back to places that people live in. There's going to be a similar outcome to that which happened in 1990 by the looks of things. There were numerous people on the estate I lived on down South that did a moonlight flit and posted the keys through the door, interest rates had got so high they just couldn't afford to carry on.
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Post by Gob Bluth on Jul 4, 2022 11:21:53 GMT
The problem with monetary policy is you only have one lever unlike fiscal policy. I completely agree with his conclusion that the government want rates to go up and it will have negative impacts on the economy but it's the best way to at least make a dent in the housing crisis which the thread doesn't really look at. The idea that we solving housing by allowing 50 year mortgages that can be passed on to children (I believe it was in the papers this weekend) is so distasteful considering where we were as a society. People have over leveraged themselves and that's because we have a generation who have known nothing other than historically low rates. We also have to remember that the governments social care proposal requires people to fund it by selling their homes, they can't have it both ways. We can't pass houses on to children for them to take on the debt AND use it to pay for social care. The solution from me is to make it very expensive to own additional homes with a view to moving away from them being investment opportunities and back to places that people live in. There's going to be a similar outcome to that which happened in 1990 by the looks of things. There were numerous people on the estate I lived on down South that did a moonlight flit and posted the keys through the door, interest rates had got so high they just couldn't afford to carry on. I'd have no problem with it if it wasn't stopping people from being able to afford homes but I can't see how that is a valid narrative. To round this back to the thread's title I think it's right that we increase interest rates and I know that means hardship. The problem the government have is they have massively contributed to this by continually increasing taxes on work and not assets meaning homes are less affordable for working people and the pumping of the housing market with stamp duty changes looks completely misplaces. Similarly the idea that a solution to this could be to let people borrow more when interest rates will undoubtedly rise is plain stupid.
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Post by elystokie on Jul 4, 2022 11:42:30 GMT
There's going to be a similar outcome to that which happened in 1990 by the looks of things. There were numerous people on the estate I lived on down South that did a moonlight flit and posted the keys through the door, interest rates had got so high they just couldn't afford to carry on. I'd have no problem with it if it wasn't stopping people from being able to afford homes but I can't see how that is a valid narrative. To round this back to the thread's title I think it's right that we increase interest rates and I know that means hardship. The problem the government have is they have massively contributed to this by continually increasing taxes on work and not assets meaning homes are less affordable for working people and the pumping of the housing market with stamp duty changes looks completely misplaces. Similarly the idea that a solution to this could be to let people borrow more when interest rates will undoubtedly rise is plain stupid. Oh I agree, it's absolute madness and is potentially storing up huge problems for a few years time, which is probably why today's government won't address it, it might not be their problem when it arrives. For now a lot of people feel wealthy due to the house price rises, many people (possibly the majority) will have no clue what their repayments will look like when interest rates hit 10 or 15 percent and they'll more than likely be horrified.
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Post by Seymour Beaver on Jul 4, 2022 11:45:50 GMT
There's going to be a similar outcome to that which happened in 1990 by the looks of things. There were numerous people on the estate I lived on down South that did a moonlight flit and posted the keys through the door, interest rates had got so high they just couldn't afford to carry on. I'd have no problem with it if it wasn't stopping people from being able to afford homes but I can't see how that is a valid narrative. To round this back to the thread's title I think it's right that we increase interest rates and I know that means hardship. The problem the government have is they have massively contributed to this by continually increasing taxes on work and not assets meaning homes are less affordable for working people and the pumping of the housing market with stamp duty changes looks completely misplaces. Similarly the idea that a solution to this could be to let people borrow more when interest rates will undoubtedly rise is plain stupid. Don't forget they've also tabled letting people use their benefits to buy homes without addressing whst they would then use to buy food. The obsession with home ownership and endlessly rising house prices is the 'gun law' of the UK. It seemns to be built in to the psyche as an inalienable right no matter what damage it's doing to other parts of society.
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Post by Gob Bluth on Jul 4, 2022 11:52:33 GMT
I'd have no problem with it if it wasn't stopping people from being able to afford homes but I can't see how that is a valid narrative. To round this back to the thread's title I think it's right that we increase interest rates and I know that means hardship. The problem the government have is they have massively contributed to this by continually increasing taxes on work and not assets meaning homes are less affordable for working people and the pumping of the housing market with stamp duty changes looks completely misplaces. Similarly the idea that a solution to this could be to let people borrow more when interest rates will undoubtedly rise is plain stupid. Oh I agree, it's absolute madness and is potentially storing up huge problems for a few years time, which is probably why today's government won't address it, it might not be their problem when it arrives. For now a lot of people feel wealthy due to the house price rises, many people (possibly the majority) will have no clue what their repayments will look like when interest rates hit 10 or 15 percent and they'll more than likely be horrified. And the BofE arern't completely clean in this. They've said for years that when rates rise they'll go up slowly but I'm not sure they're going to be able to keep that promise. It always felt like a big promise to make, one based on current economic conditions but I suppose no major economy ever took the opportunity to push them to a more sustainable level, all being much more reactive to a situation rather than getting their house in order.
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Post by Gob Bluth on Jul 4, 2022 12:03:26 GMT
I'd have no problem with it if it wasn't stopping people from being able to afford homes but I can't see how that is a valid narrative. To round this back to the thread's title I think it's right that we increase interest rates and I know that means hardship. The problem the government have is they have massively contributed to this by continually increasing taxes on work and not assets meaning homes are less affordable for working people and the pumping of the housing market with stamp duty changes looks completely misplaces. Similarly the idea that a solution to this could be to let people borrow more when interest rates will undoubtedly rise is plain stupid. Don't forget they've also tabled letting people use their benefits to buy homes without addressing whst they would then use to buy food. The obsession with home ownership and endlessly rising house prices is the 'gun law' of the UK. It seemns to be built in to the psyche as an inalienable right no matter what damage it's doing to other parts of society. It's a very dependant relationship where governments continue to prop it up and the public buy more into it. The government can't fix it now but they can start discouraging people from further doing it by putting disincentives in now. I know many are against rent controls but as a society we can't have people paying more in rent than they would to pay for the full mortgage over a reasonable time. We also should not be entertaining ideas that feed this ridiculous feature of our economy by allowing 50 year mortgages.
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Post by essexstokey on Jul 4, 2022 12:11:56 GMT
Johnson aware of some claims about Chris Pincher in February, No 10 admits link
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Post by Rednwhitenblue on Jul 4, 2022 12:19:19 GMT
Interesting data: ec.europa.eu/eurostat/web/products-eurostat-news/-/wdn-20211230-1#:~:text=In%202020%2C%2070%25%20of%20the,and%20Croatia%20(both%2091%25). UK home ownership is approx 65%. It'd be even more interesting to see a comparison of house prices to wages across those countries too. Looking at that table it strikes me that levels of ownership in those countries at the top are probably because houses are that much more affordable. Which is a damning indictment of the neolib wealth trickle down we're all supposed to have benefited from over the last 40 years or so in the west. I suspect those high levels of ownership in eastern European countries will fall as they further embrace the western approach to capitalism.
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Post by wagsastokie on Jul 4, 2022 12:20:12 GMT
As I’ve said on several occasions There is only one solution to the housing crisis In this country And that is to increase supply over demand
And there isn’t a political party of any colour that will be prepared to do it As who is going to vote for a party that has plunged them into negative equity Or just removed a lump sum off there pension or inheritance
As for rent caps I’m all for it but people will have to be prepared to see hundreds of thousands of families homeless As there own homes plummet in value as previous private rentals hit the for sale market
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Post by prestwichpotter on Jul 4, 2022 12:23:32 GMT
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Post by Rednwhitenblue on Jul 4, 2022 12:30:27 GMT
So Boris "wasn't aware" yesterday but he "was aware" today....another day, another Bozo lie unravels. Just another day in Johnson-world.
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Post by foster on Jul 4, 2022 15:40:53 GMT
So Boris "wasn't aware" yesterday but he "was aware" today....another day, another Bozo lie unravels. Just another day in Johnson-world. Where do we draw the line on how much crap we're supposed to accept? Enough of pointing out lies and just get rid of that arsehole already. Is this what all this sovereignty and control bollocks was about? Having to put up with lies, lies and more lies. I doubt any other westernised country would accept half of this corruption from their supposed 'leaders'. It's an absolute joke.
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Post by thevoid on Jul 4, 2022 16:11:43 GMT
So Boris "wasn't aware" yesterday but he "was aware" today....another day, another Bozo lie unravels. Just another day in Johnson-world. Where do we draw the line on how many crap we're supposed to accept? Enough of pointing out lies and just get rid of that arsehole already. Is this what all this sovereignty and control bollocks was about? Having to put up with lies, lies and more lies. I doubt any other westernised country would accept half of this corruption from their supposed 'leaders'. It's an absolute joke. I don't know who's worse, BoJo or Eddie Jones....
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Post by Rednwhitenblue on Jul 4, 2022 16:23:11 GMT
So Boris "wasn't aware" yesterday but he "was aware" today....another day, another Bozo lie unravels. Just another day in Johnson-world. Where do we draw the line on how many crap we're supposed to accept? Enough of pointing out lies and just get rid of that arsehole already. Is this what all this sovereignty and control bollocks was about? Having to put up with lies, lies and more lies. I doubt any other westernised country would accept half of this corruption from their supposed 'leaders'. It's an absolute joke. If you were going to draw anything positive about having such an incompetent bunch of charlatans in government, it's the fact that the UK is a civilised country with a generally good quality of life and reacts accordingly. Many other countries in less developed parts of the world would have descended into rioting and insurrection over such governance by now, with the government probably having to rely on the army to maintain authority, while hoping that the army generals don't think they could do a better job and seize control for themselves. As a result of the constant lies, favours for mates and corruption that routinely emanate from Johnson's government, we've been compared to a banana republic many times over the last couple of years - it's a stretch for the reasons above, but you can understand the thinking. That said, I would not be surprised to see rioting in the next year or so as the cost of living crisis really starts to bite, but it won't threaten the status of the government. In fact, much like the strikes, they'd probably see them as an opportunity to try to make political capital at Labour's expense rather than a comment on their own governance.
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