Responses to PMQ’s never cease to be a prime example of confirmation bias.
Well, not in my case, at least. I think her agenda is mad but found her directness to be refreshing.
Nor in my case, I’m just strimming down the PB spin that’s bushing up the last few weeks.
The latest is we were assured we would hear detail of Liz Truss government handouts to households and business this week, but Monday we didn’t, Tuesday we didn’t, and nor will we on Thursday now government have decided on a statement with no proper debate on the details.
In Germany, the finance minister is telling people that small businesses can just stop producing things but this doesn't mean they will go bankrupt...
He's trying not to say "we are comfortable with small businesses going out of business for the sake of our green energy initiatives and to support Ukraine. Sure, we'll end up like Weimar in the 1930s but it is worth it.
and this
Good Morning from #Germany where production costs for toilet paper have skyrocketed. Hakle, a large German toilet-paper maker w/a century-long history, filed for insolvency this week as “massive” price increases for energy and pulp drove it into a corner. (via BBG)
Responses to PMQ’s never cease to be a prime example of confirmation bias.
Well, not in my case, at least. I think her agenda is mad but found her directness to be refreshing.
Nor in my case, I’m just strimming down the PB spin that’s bushing up the last few weeks.
The latest is we were assured we would hear detail of Liz Truss government handouts to households and business this week, but Monday we didn’t, Tuesday we didn’t, and nor will we on Thursday now government have decided on a statement with no proper debate on the details.
What? It says General debate - UK energy costs here.
But don't let's pretend that that process is not going to be painful for a lot of people. And let's not forget that if your property price has fallen 20%, then the amount of equity you have for your next purchase may have dropped 50 or 75% - which is not going to be any fun given the level of stamp duty.
All things being equal, anyone who wants to trade up benefits from falling prices, even if they lose equity in their current property.
Yes.
And no.
Let's say you bought a house for 200,000 with a 10% deposit.
Prices rise 50%, so your house is worth 300,000, and you now want to sell and buy a house for 400,000.
You pay back your 180,000 mortgage, and have a 120,000 deposit for your new home.
Of course, you'll need to pay stamp duty of - say - 20,000. So, all in all, you end up borrowing 300,000 to buy a 400,000 home.
Now imagine that prices haven't moved. The good news is that the property you're looking to buy is now only 267,000.
You pay off your mortgage, leaving you with 20,000. But that stamp duty now takes 13,000 of your equity, leaving you with just 7,000.
Will the bank lend you the money now?
If they won't lend the typical buyer money then two things happen. Prices fall further and sales stall. It wont take long for either the price to fall to the level that fits the typical buyer or banks to start lending again.
You say it won't take long, but house price corrections (and we need to have a house price correction) will have significant broad economic effects.
People will be trapped in negative equity, and that will result in lower labour mobility, because people won't be able to sell. This also means that the housing market may be less liquid than it should be.
Banks will also tighten lending standards, because of rising losses.
And people who thought they had lots of equity tied up in their home will instead raise their personal savings rate to compensate. Look at Spain in the 2010 to 2012 period to see the short- to medium-term economic consequences of a rising savings rate driven by reduced home prices.
That's the problem with allowing an asset class to get mispriced: unwinding it is often very expensive and difficult.
I don't think is anyone is claiming there will not be winners and losers from a correction or that it won't be difficult, expensive and painful for some. The status quo of the last decade has also been difficult, expensive and painful for some in the housing market, whilst also helping promote a zombie economy for the country, rather than a productive one. Time to change course and take the medicine.
Well, that was a pleasant surprise. Some forgotten bets on Truss as next PM on Ladbrokes have just paid out. Must have been good odds as £1220 in winnings, and I don't usually stake much there. Added to my +£750 at Smarkets and Bfx and I am nearly £2 000 up on this market.
I have reinvested a share of the profits in Lab most seats next GE.
@HYUFD traditional family values like abortion by demand in the backstreets by coat hanger?
Coffey wants a reduction in the abortion time limit she has not said she would ban it completely
Strangely that's something I would actually agree with her about, if that's right, and she doesn't want to make the restriction too early. Several other European countries with full legal abortion rights don't allow as late-term as the UK, IIRC.
But she voted against bringing NI law in line with GB; which suggests to me that it is not about principle, but what she can get away with.
Well, that was a pleasant surprise. Some forgotten bets on Truss as next PM on Ladbrokes have just paid out. Must have been good odds as £1220 in winnings, and I don't usually stake much there. Added to my +£750 at Smarkets and Bfx and I am nearly £2 000 up on this market.
I have reinvested a share of the profits in Lab most seats next GE.
Responses to PMQ’s never cease to be a prime example of confirmation bias.
Well, not in my case, at least. I think her agenda is mad but found her directness to be refreshing.
Nor in my case, I’m just strimming down the PB spin that’s bushing up the last few weeks.
The latest is we were assured we would hear detail of Liz Truss government handouts to households and business this week, but Monday we didn’t, Tuesday we didn’t, and nor will we on Thursday now government have decided on a statement with no proper debate on the details.
In Germany, the finance minister is telling people that small businesses can just stop producing things but this doesn't mean they will go bankrupt...
He's trying not to say "we are comfortable with small businesses going out of business for the sake of our green energy initiatives and to support Ukraine. Sure, we'll end up like Weimar in the 1930s but it is worth it.
and this
Good Morning from #Germany where production costs for toilet paper have skyrocketed. Hakle, a large German toilet-paper maker w/a century-long history, filed for insolvency this week as “massive” price increases for energy and pulp drove it into a corner. (via BBG)
OMG STOCKPILE
Seriously, the wood pellet industry is competing for wood pulp, and pellets are more than 2x what they cost in spring.
Scottish Herald journalist suspended for calling Kwarteng, Braverman and Cleverly “coconuts”.
We are aware of an offensive tweet by one of our freelance contributors, Iain Macwhirter. Although the tweet has since been deleted and an apology issued, we have also suspended his columns while we investigate further.
I do think someone needs to mak a documentary on Oxford University in the mid-late 80s 'golden' age. Boris Johnson, Frank Luntz, Niall Ferguson, David Cameron, Michael Gove, Jeremy Hunt, JRM, Ed Balls, Yvette Cooper, Simon Stevens, Keir Starmer, David Miliband and I'm sure countless others were all there.
Simon Kuper has written a book about it but from the reviews he appears obsessed with the Brexit side of things. However he does suggest that the political right succeeds by engaging fully with the Oxford Union whereas the leftists are busy out campaigning and don't learn the same debating skills. I don't like his conclusion that Oxbridge be turned into post graduate colleges. Seems like he's needlessly trying to share the blame with Cambridge who as far as I can see are entirely blameless.
Responses to PMQ’s never cease to be a prime example of confirmation bias.
Well, not in my case, at least. I think her agenda is mad but found her directness to be refreshing.
Nor in my case, I’m just strimming down the PB spin that’s bushing up the last few weeks.
The latest is we were assured we would hear detail of Liz Truss government handouts to households and business this week, but Monday we didn’t, Tuesday we didn’t, and nor will we on Thursday now government have decided on a statement with no proper debate on the details.
In Germany, the finance minister is telling people that small businesses can just stop producing things but this doesn't mean they will go bankrupt...
He's trying not to say "we are comfortable with small businesses going out of business for the sake of our green energy initiatives and to support Ukraine. Sure, we'll end up like Weimar in the 1930s but it is worth it.
and this
Good Morning from #Germany where production costs for toilet paper have skyrocketed. Hakle, a large German toilet-paper maker w/a century-long history, filed for insolvency this week as “massive” price increases for energy and pulp drove it into a corner. (via BBG)
OMG STOCKPILE
Seriously, the wood pellet industry is competing for wood pulp, and pellets are more than 2x what they cost in spring.
The price of toilet rolls is escalating quickly already
Well, that was a pleasant surprise. Some forgotten bets on Truss as next PM on Ladbrokes have just paid out. Must have been good odds as £1220 in winnings, and I don't usually stake much there. Added to my +£750 at Smarkets and Bfx and I am nearly £2 000 up on this market.
I have reinvested a share of the profits in Lab most seats next GE.
Does Ladbrokes push money to you? I find most bookies just quietly credit winnings and hope you don't notice.
Exception is smarkets who send me emails when markets settle. Thing is, I only ever seem to lose on smarkets. Shadsy must think I am a right twat.
Scottish Herald journalist suspended for calling Kwarteng, Braverman and Cleverly “coconuts”.
We are aware of an offensive tweet by one of our freelance contributors, Iain Macwhirter. Although the tweet has since been deleted and an apology issued, we have also suspended his columns while we investigate further.
I do think someone needs to mak a documentary on Oxford University in the mid-late 80s 'golden' age. Boris Johnson, Frank Luntz, Niall Ferguson, David Cameron, Michael Gove, Jeremy Hunt, JRM, Ed Balls, Yvette Cooper, Simon Stevens, Keir Starmer, David Miliband and I'm sure countless others were all there.
Simon Kuper has written a book about it but from the reviews he appears obsessed with the Brexit side of things. However he does suggest that the political right succeeds by engaging fully with the Oxford Union whereas the leftists are busy out campaigning and don't learn the same debating skills. I don't like his conclusion that Oxbridge be turned into post graduate colleges. Seems like he's needlessly trying to share the blame with Cambridge who as far as I can see are entirely blameless.
From my mid nineties experience with the Oxford Union I agree it has an awful lot to answer for. And the bar had the strangest vibe, full of people who had clearly graduated 5 to 10 years ago.
Responses to PMQ’s never cease to be a prime example of confirmation bias.
Well, not in my case, at least. I think her agenda is mad but found her directness to be refreshing.
Nor in my case, I’m just strimming down the PB spin that’s bushing up the last few weeks.
The latest is we were assured we would hear detail of Liz Truss government handouts to households and business this week, but Monday we didn’t, Tuesday we didn’t, and nor will we on Thursday now government have decided on a statement with no proper debate on the details.
In Germany, the finance minister is telling people that small businesses can just stop producing things but this doesn't mean they will go bankrupt...
He's trying not to say "we are comfortable with small businesses going out of business for the sake of our green energy initiatives and to support Ukraine. Sure, we'll end up like Weimar in the 1930s but it is worth it.
and this
Good Morning from #Germany where production costs for toilet paper have skyrocketed. Hakle, a large German toilet-paper maker w/a century-long history, filed for insolvency this week as “massive” price increases for energy and pulp drove it into a corner. (via BBG)
OMG STOCKPILE
Seriously, the wood pellet industry is competing for wood pulp, and pellets are more than 2x what they cost in spring.
The price of toilet rolls is escalating quickly already
You heard the man - PANIC BUY!
It’s funny how, making a list of number one thing they couldn’t face going without, the human race of 2020s decide bog roll. 💁♀️
Well, that was a pleasant surprise. Some forgotten bets on Truss as next PM on Ladbrokes have just paid out. Must have been good odds as £1220 in winnings, and I don't usually stake much there. Added to my +£750 at Smarkets and Bfx and I am nearly £2 000 up on this market.
I have reinvested a share of the profits in Lab most seats next GE.
Does Ladbrokes push money to you? I find most bookies just quietly credit winnings and hope you don't notice.
Exception is smarkets who send me emails when markets settle. Thing is, I only ever seem to lose on smarkets. Shadsy must think I am a right twat.
No, I just logged on and saw it. Checked my other accounts, but no further winnings.
Responses to PMQ’s never cease to be a prime example of confirmation bias.
Well, not in my case, at least. I think her agenda is mad but found her directness to be refreshing.
Nor in my case, I’m just strimming down the PB spin that’s bushing up the last few weeks.
The latest is we were assured we would hear detail of Liz Truss government handouts to households and business this week, but Monday we didn’t, Tuesday we didn’t, and nor will we on Thursday now government have decided on a statement with no proper debate on the details.
What? It says General debate - UK energy costs here.
“Imposing abortion”? Get a grip. That sounds as creepy as hell.
Abortion was a matter devolved to Stormont
I know. But the choice of words you used was sinister, suggesting people were made to have abortions, whereas it was the choice that was proposed to be extended there. You could have said “…against extending the 1967 Act to Northern Ireland…” but didn’t. In any event, as you never fail to point out in other contexts, the Westminster Parliament is supreme. Or is that only the case when discussing Scottish Independence?
Responses to PMQ’s never cease to be a prime example of confirmation bias.
Well, not in my case, at least. I think her agenda is mad but found her directness to be refreshing.
Nor in my case, I’m just strimming down the PB spin that’s bushing up the last few weeks.
The latest is we were assured we would hear detail of Liz Truss government handouts to households and business this week, but Monday we didn’t, Tuesday we didn’t, and nor will we on Thursday now government have decided on a statement with no proper debate on the details.
In Germany, the finance minister is telling people that small businesses can just stop producing things but this doesn't mean they will go bankrupt...
And she said today, when asked, she has no intention of changing abortion laws
Wonder if Truss has been firmly laying down a "concentrate on the important shit, there will be no time for anybody's side-projects and hobby-horses in this government" line to all ministers? I guess we'll see...
And she said today, when asked, she has no intention of changing abortion laws
Wonder if Truss has been firmly laying down a "concentrate on the important shit, there will be no time for anybody's side-projects and hobby-horses in this government" to all ministers?
Responses to PMQ’s never cease to be a prime example of confirmation bias.
Well, not in my case, at least. I think her agenda is mad but found her directness to be refreshing.
Nor in my case, I’m just strimming down the PB spin that’s bushing up the last few weeks.
The latest is we were assured we would hear detail of Liz Truss government handouts to households and business this week, but Monday we didn’t, Tuesday we didn’t, and nor will we on Thursday now government have decided on a statement with no proper debate on the details.
In Germany, the finance minister is telling people that small businesses can just stop producing things but this doesn't mean they will go bankrupt...
He's trying not to say "we are comfortable with small businesses going out of business for the sake of our green energy initiatives and to support Ukraine. Sure, we'll end up like Weimar in the 1930s but it is worth it.
and this
Good Morning from #Germany where production costs for toilet paper have skyrocketed. Hakle, a large German toilet-paper maker w/a century-long history, filed for insolvency this week as “massive” price increases for energy and pulp drove it into a corner. (via BBG)
OMG STOCKPILE
Seriously, the wood pellet industry is competing for wood pulp, and pellets are more than 2x what they cost in spring.
The price of toilet rolls is escalating quickly already
You heard the man - PANIC BUY!
It’s funny how, making a list of number one thing they couldn’t face going without, the human race of 2020s decide bog roll. 💁♀️
I had a conversation with a mum at my son's school on the run-up to lockdown in 2020. She said that she once ran out of loo paper when her daughter was young. They just went into the shower together and cleaned up in there.
She also said she was in the shower with her daughter when her daughter was one, and her daughter started smiling broadly, as if proud. "What is it?" she asked her daughter. "I've just done a poo without a nappy!" her daughter proudly replied...
Brexit hardman Steve Baker is Minister of State in the Northern Ireland Office.
Good appointment, he will be an effective supporter for Heaton Harris. Quite a religious government from Truss too with evangelical Christian Baker and strict Roman Catholics Rees Mogg and Coffey
Coffey is an extremely poor advert for Christian values, I would say, and the kind of person who may be Truss's achilles' heel. Here she sits now near the centre of government, the same person who pushed forward the cancellation of the UC uplift that even hard-right thinktanks like the Legatum Institute today are saying must itself be reversed as a decision, if "a million people are not to go into destitution this winter". The moderation or limiting of this kind of extremism will be a litmus test of whether Truss's ideology can cope with the scenario of a social crisis, and the omens so far aren't good. The appointment of Heaton-Harris and Baker in NI will similarly be causing worries in Washington.
She also believes in traditional family values
Meaning what?
Traditional marriage and not abortion on demand
Don't be mealy mouthed. Traditional = no pooftahs.
Not at all - just only ones married to someone of the opposite sex.
“Imposing abortion”? Get a grip. That sounds as creepy as hell.
Abortion was a matter devolved to Stormont
I know. But the choice of words you used was sinister, suggesting people were made to have abortions, whereas it was the choice that was proposed to be extended there. You could have said “…against extending the 1967 Act to Northern Ireland…” but didn’t. In any event, as you never fail to point out in other contexts, the Westminster Parliament is supreme. Or is that only the case when discussing Scottish Independence?
The Westminster Parliament has no right legislating over matters devolved to Holyrood either.
However the future of the Union with Scotland has always been reserved to the UK government and Westminster
Ooooh, the new Apple Watch will be able to detect if you've been in a car crash.
I can confirm the fall detection works.
Now I am intrigued. How many people fail to notice being involved in a car crash?
Those who are unconscious/injured, the watch detects you've been in a crash, and if you don't respond within a certain time they call the emergency serviced with your location.
I do think someone needs to mak a documentary on Oxford University in the mid-late 80s 'golden' age. Boris Johnson, Frank Luntz, Niall Ferguson, David Cameron, Michael Gove, Jeremy Hunt, JRM, Ed Balls, Yvette Cooper, Simon Stevens, Keir Starmer, David Miliband and I'm sure countless others were all there.
Simon Kuper has written a book about it but from the reviews he appears obsessed with the Brexit side of things. However he does suggest that the political right succeeds by engaging fully with the Oxford Union whereas the leftists are busy out campaigning and don't learn the same debating skills. I don't like his conclusion that Oxbridge be turned into post graduate colleges. Seems like he's needlessly trying to share the blame with Cambridge who as far as I can see are entirely blameless.
From my mid nineties experience with the Oxford Union I agree it has an awful lot to answer for. And the bar had the strangest vibe, full of people who had clearly graduated 5 to 10 years ago.
Though Boris was the first Oxford Union president PM since Ted Heath. May was in it but only a librarian though Philip was President and invited Nixon. Hague, Thorpe and Roy Jenkins were all party leaders who were former Union Presidents but none became PM
Ukrainian armed forces seem to be making progress on two fronts today. Russian social media is bewildered and even more dementedly angry than usual. With the Chechen tyrant, Kadyrov apparently taking a back seat, another area comes into focus: a friend of mine in Minsk says that tensions have sharply increased in Belarus. For the moment, at least, Russia seems firmly on the back foot.
Responses to PMQ’s never cease to be a prime example of confirmation bias.
Well, not in my case, at least. I think her agenda is mad but found her directness to be refreshing.
Nor in my case, I’m just strimming down the PB spin that’s bushing up the last few weeks.
The latest is we were assured we would hear detail of Liz Truss government handouts to households and business this week, but Monday we didn’t, Tuesday we didn’t, and nor will we on Thursday now government have decided on a statement with no proper debate on the details.
In Germany, the finance minister is telling people that small businesses can just stop producing things but this doesn't mean they will go bankrupt...
He's trying not to say "we are comfortable with small businesses going out of business for the sake of our green energy initiatives and to support Ukraine. Sure, we'll end up like Weimar in the 1930s but it is worth it.
and this
Good Morning from #Germany where production costs for toilet paper have skyrocketed. Hakle, a large German toilet-paper maker w/a century-long history, filed for insolvency this week as “massive” price increases for energy and pulp drove it into a corner. (via BBG)
Another howler is a Government minister coming out with this gem:
The British public (if PB is anything to go by) seems fairly supine in the face of wholesale economic destruction wrought by a foreign policy decision to involve ourselves in a conflict between two other countries, but when the German worm turns, it really turns.
Responses to PMQ’s never cease to be a prime example of confirmation bias.
Well, not in my case, at least. I think her agenda is mad but found her directness to be refreshing.
Nor in my case, I’m just strimming down the PB spin that’s bushing up the last few weeks.
The latest is we were assured we would hear detail of Liz Truss government handouts to households and business this week, but Monday we didn’t, Tuesday we didn’t, and nor will we on Thursday now government have decided on a statement with no proper debate on the details.
What? It says General debate - UK energy costs here.
Responses to PMQ’s never cease to be a prime example of confirmation bias.
Well, not in my case, at least. I think her agenda is mad but found her directness to be refreshing.
Nor in my case, I’m just strimming down the PB spin that’s bushing up the last few weeks.
The latest is we were assured we would hear detail of Liz Truss government handouts to households and business this week, but Monday we didn’t, Tuesday we didn’t, and nor will we on Thursday now government have decided on a statement with no proper debate on the details.
What? It says General debate - UK energy costs here.
Which means no questions. Truss gets to stand up make an announcement then sit down again. And can go home if she wants to. Won't have to explain the details.
I do think someone needs to mak a documentary on Oxford University in the mid-late 80s 'golden' age. Boris Johnson, Frank Luntz, Niall Ferguson, David Cameron, Michael Gove, Jeremy Hunt, JRM, Ed Balls, Yvette Cooper, Simon Stevens, Keir Starmer, David Miliband and I'm sure countless others were all there.
Simon Kuper has written a book about it but from the reviews he appears obsessed with the Brexit side of things. However he does suggest that the political right succeeds by engaging fully with the Oxford Union whereas the leftists are busy out campaigning and don't learn the same debating skills. I don't like his conclusion that Oxbridge be turned into post graduate colleges. Seems like he's needlessly trying to share the blame with Cambridge who as far as I can see are entirely blameless.
From my mid nineties experience with the Oxford Union I agree it has an awful lot to answer for. And the bar had the strangest vibe, full of people who had clearly graduated 5 to 10 years ago.
Though Boris was the first Oxford Union president PM since Ted Heath. May was in it but only a librarian. Hague, Thorpe and Roy Jenkins were all party leaders who were former Union Presidents but none became PM
I do think someone needs to mak a documentary on Oxford University in the mid-late 80s 'golden' age. Boris Johnson, Frank Luntz, Niall Ferguson, David Cameron, Michael Gove, Jeremy Hunt, JRM, Ed Balls, Yvette Cooper, Simon Stevens, Keir Starmer, David Miliband and I'm sure countless others were all there.
Simon Kuper has written a book about it but from the reviews he appears obsessed with the Brexit side of things. However he does suggest that the political right succeeds by engaging fully with the Oxford Union whereas the leftists are busy out campaigning and don't learn the same debating skills. I don't like his conclusion that Oxbridge be turned into post graduate colleges. Seems like he's needlessly trying to share the blame with Cambridge who as far as I can see are entirely blameless.
From my mid nineties experience with the Oxford Union I agree it has an awful lot to answer for. And the bar had the strangest vibe, full of people who had clearly graduated 5 to 10 years ago.
Yes, re the bar - very odd. Also, going down that alley was never ideal either.
Re the comment about Oxford becoming more a post-grad place, actually a large degree of truth in that - the university has kept undergrad numbers stable but significantly increased post-grad numbers and that is the plan to continue doing so.
Ooooh, the new Apple Watch will be able to detect if you've been in a car crash.
I can confirm the fall detection works.
Now I am intrigued. How many people fail to notice being involved in a car crash?
Those who are unconscious/injured, the watch detects you've been in a crash, and if you don't respond within a certain time they call the emergency serviced with your location.
As you put it, that's actually rather sensible.
I just had a bizarre mental image of people shouting at their watches 'I KNOW I'VE BEEN IN A FUCKING CAR CRASH!'
Ukrainian armed forces seem to be making progress on two fronts today. Russian social media is bewildered and even more dementedly angry than usual. With the Chechen tyrant, Kadyrov apparently taking a back seat, another area comes into focus: a friend of mine in Minsk says that tensions have sharply increased in Belarus. For the moment, at least, Russia seems firmly on the back foot.
Belarus is an interesting one. Only a couple of year back they had massive pro democracy demonstrations. How long that stays under cover is something I wonder about. With the Russian army in retreat might be just such a time.
In the spring the penny was dropping about Boris. However, now it has been adjusted for 2022 inflation it is time for the pound to drop.
Now $1.146 to £1 - Truss can say what she likes about "cutting taxes", the market hears "increased borrowing". A falling pound increases inflation. The Bank of England and the Treasury will be working out how best to say "we told you so".
Putting up interest rates to a more normal level wouldn't be such a bad thing.
Except for people who have both mortgages and electricity bills: basically people in the 30 to 50 cohort.
>95% of new mortgages are fixed rate and 83% of outstanding mortgages are fixed rate.
Very few are fixed for more than five years, and for many it's just three: I reckon a quarter of the 83% will reset every year.
How many 30-50 somethings plan to buy more property in the next few years? All of those save from lower purchase prices which impact far longer than having higher interest rates for a bit.
Oh, UK property prices need to reset.
But don't let's pretend that that process is not going to be painful for a lot of people. And let's not forget that if your property price has fallen 20%, then the amount of equity you have for your next purchase may have dropped 50 or 75% - which is not going to be any fun given the level of stamp duty.
Robert, on average it will be older wealthier people losing out on house prices and the young asset poor benefiting from lower prices. For once it will reverse the general flow of wealth from the young to old in this country. As with everything, making an omelette requires breaking eggs, if, for once, the losers are older wealthy asset rich classes then so much the better for the nation.
Technically not, it will be the children of older wealthier people who would lose out on lower house prices leading to lower inheritances.
The young 20 and 30 year old renters would only really benefit from lower prices if mortgage lenders still lend the same amount and they don't face crippling interest rates
The children of those retirees inherit at ages 50-60. They are part of the older, wealthier class.
Just as a point of order, the average age of windfall inheritors is apparently 47. Which means they would have at least 20 years to go before they retire themselves. Not sure it actually makes any material difference to your comment but I found it interesting.
Shouldn't be. Assume first child at 30 (which is late even now), one at 32, one at 34. If the middle child represents the average the second (later to die) parent is carking it on average at 79, which is young for the sort of demographic which has stuff to inherit.
I am just quoting what the supposed experts say. It takes a second to google it and it is quoted very widely.
Neither of my parents have died, but I've still managed to inherit some money, because my Dad didn't need any of the money left by his parents. I'm fairly certain that when my Dad relieves the government of the burden of paying him his civil service pension, that he will be splitting his estate between his grandchildren, and children according to a precise formula. It's not only children who inherit.
That said, if the value of my Dad's London house took a large dive, thus reducing the size of my daughter's inheritance, I'm fairly certain she'd still be better off for the housing market being saner to participate in.
Anyway I’ve changed it. Sorry again. But look at that view, endless sun. That’s all I was trying to show. Alentejo, Portugal - because it is so lovely, especially in this slanting evening light….
Responses to PMQ’s never cease to be a prime example of confirmation bias.
Well, not in my case, at least. I think her agenda is mad but found her directness to be refreshing.
Nor in my case, I’m just strimming down the PB spin that’s bushing up the last few weeks.
The latest is we were assured we would hear detail of Liz Truss government handouts to households and business this week, but Monday we didn’t, Tuesday we didn’t, and nor will we on Thursday now government have decided on a statement with no proper debate on the details.
What? It says General debate - UK energy costs here.
Responses to PMQ’s never cease to be a prime example of confirmation bias.
Well, not in my case, at least. I think her agenda is mad but found her directness to be refreshing.
Nor in my case, I’m just strimming down the PB spin that’s bushing up the last few weeks.
The latest is we were assured we would hear detail of Liz Truss government handouts to households and business this week, but Monday we didn’t, Tuesday we didn’t, and nor will we on Thursday now government have decided on a statement with no proper debate on the details.
What? It says General debate - UK energy costs here.
Which means no questions. Truss gets to stand up make an announcement then sit down again. And can go home if she wants to. Won't have to explain the details.
So at what point will the Tory Party have a crisis plan for households and businesses they can explain and defend all the details of in a parliamentary debate? Will they have this before the recess and party conferences?
Responses to PMQ’s never cease to be a prime example of confirmation bias.
Well, not in my case, at least. I think her agenda is mad but found her directness to be refreshing.
Nor in my case, I’m just strimming down the PB spin that’s bushing up the last few weeks.
The latest is we were assured we would hear detail of Liz Truss government handouts to households and business this week, but Monday we didn’t, Tuesday we didn’t, and nor will we on Thursday now government have decided on a statement with no proper debate on the details.
What? It says General debate - UK energy costs here.
Responses to PMQ’s never cease to be a prime example of confirmation bias.
Well, not in my case, at least. I think her agenda is mad but found her directness to be refreshing.
Nor in my case, I’m just strimming down the PB spin that’s bushing up the last few weeks.
The latest is we were assured we would hear detail of Liz Truss government handouts to households and business this week, but Monday we didn’t, Tuesday we didn’t, and nor will we on Thursday now government have decided on a statement with no proper debate on the details.
What? It says General debate - UK energy costs here.
Which means no questions. Truss gets to stand up make an announcement then sit down again. And can go home if she wants to. Won't have to explain the details.
So at what point will the Tory Party have a crisis plan for households and businesses they can explain and defend all the details of in a parliamentary debate? Will they have this before the recess and party conferences?
Anyway I’ve changed it. Sorry again. But look at that view, endless sun. That’s all I was trying to show. Alentejo, Portugal - because it is so lovely, especially in this slanting evening light….
…a bit of Third Reich memorabilia on the computer…what more could a man ask for?
Ukrainian armed forces seem to be making progress on two fronts today. Russian social media is bewildered and even more dementedly angry than usual. With the Chechen tyrant, Kadyrov apparently taking a back seat, another area comes into focus: a friend of mine in Minsk says that tensions have sharply increased in Belarus. For the moment, at least, Russia seems firmly on the back foot.
Belarus is an interesting one. Only a couple of year back they had massive pro democracy demonstrations. How long that stays under cover is something I wonder about. With the Russian army in retreat might be just such a time.
I'm sure a lot of them consider Sviatlana Tsikhanouskaya a President in exile.
Anyway I’ve changed it. Sorry again. But look at that view, endless sun. That’s all I was trying to show. Alentejo, Portugal - because it is so lovely, especially in this slanting evening light….
…a bit of Third Reich memorabilia on the computer…what more could a man ask for?
Anyway I’ve changed it. Sorry again. But look at that view, endless sun. That’s all I was trying to show. Alentejo, Portugal - because it is so lovely, especially in this slanting evening light….
…a bit of Third Reich memorabilia on the computer…what more could a man ask for?
That one TOO????
Why can’t you just have a seascape or an inspirational quote?
Anyway I’ve changed it. Sorry again. But look at that view, endless sun. That’s all I was trying to show. Alentejo, Portugal - because it is so lovely, especially in this slanting evening light….
…a bit of Third Reich memorabilia on the computer…what more could a man ask for?
Anyway I’ve changed it. Sorry again. But look at that view, endless sun. That’s all I was trying to show. Alentejo, Portugal - because it is so lovely, especially in this slanting evening light….
…a bit of Third Reich memorabilia on the computer…what more could a man ask for?
That one TOO????
Why can’t you just have a seascape or an inspirational quote?
Responses to PMQ’s never cease to be a prime example of confirmation bias.
Well, not in my case, at least. I think her agenda is mad but found her directness to be refreshing.
Nor in my case, I’m just strimming down the PB spin that’s bushing up the last few weeks.
The latest is we were assured we would hear detail of Liz Truss government handouts to households and business this week, but Monday we didn’t, Tuesday we didn’t, and nor will we on Thursday now government have decided on a statement with no proper debate on the details.
What? It says General debate - UK energy costs here.
Responses to PMQ’s never cease to be a prime example of confirmation bias.
Well, not in my case, at least. I think her agenda is mad but found her directness to be refreshing.
Nor in my case, I’m just strimming down the PB spin that’s bushing up the last few weeks.
The latest is we were assured we would hear detail of Liz Truss government handouts to households and business this week, but Monday we didn’t, Tuesday we didn’t, and nor will we on Thursday now government have decided on a statement with no proper debate on the details.
What? It says General debate - UK energy costs here.
Which means no questions. Truss gets to stand up make an announcement then sit down again. And can go home if she wants to. Won't have to explain the details.
So at what point will the Tory Party have a crisis plan for households and businesses they can explain and defend all the details of in a parliamentary debate? Will they have this before the recess and party conferences?
Debate means no questions?
To compel sight of the plan and answers to questions would be a ministerial statement rather than just general debate.
It’s explicitly clear from the avoidance of ministerial,statement, they don’t have a plan with details they can share with MPs and media and field questions on, so my question to PB is a fair one. at what point will the Tory Party have a crisis plan for households and businesses they can explain and defend all the details of in a parliamentary debate? Will they have this before the recess and party conferences?
Ooooh, the new Apple Watch will be able to detect if you've been in a car crash.
I can confirm the fall detection works.
Now I am intrigued. How many people fail to notice being involved in a car crash?
Those who are unconscious/injured, the watch detects you've been in a crash, and if you don't respond within a certain time they call the emergency serviced with your location.
Our last car, a reasonably basic model ford had that functionality. Not sure whether our current one, with more toys generally, does. I can see that adding it to a watch is another step (without piggy backing on the car's existing crash detection tech) but not necessarily a huge one. Useful for classic car enthusiasts.
Anyway I’ve changed it. Sorry again. But look at that view, endless sun. That’s all I was trying to show. Alentejo, Portugal - because it is so lovely, especially in this slanting evening light….
…a bit of Third Reich memorabilia on the computer…what more could a man ask for?
That one TOO????
Unless I’m much mistaken that’s Goebbels’ first communion -
I knew you’d been veering Alt-Right lately but have to concede these shots have been a stunningly stylish, Insta worthy, way of outing yourself as a Nazi. Well done!
Anyway I’ve changed it. Sorry again. But look at that view, endless sun. That’s all I was trying to show. Alentejo, Portugal - because it is so lovely, especially in this slanting evening light….
…a bit of Third Reich memorabilia on the computer…what more could a man ask for?
That one TOO????
Why can’t you just have a seascape or an inspirational quote?
You think this is deliberate? What do you think I am? I just chose randomly from the five or six pictures i have saved on my iPad. Stuff I find inspiring. Happy young men, forthright children. I’ll try again, FFS
Look at that light. And the chalky moon, in the limpid distance. Beautiful
Anyway I’ve changed it. Sorry again. But look at that view, endless sun. That’s all I was trying to show. Alentejo, Portugal - because it is so lovely, especially in this slanting evening light….
…a bit of Third Reich memorabilia on the computer…what more could a man ask for?
That one TOO????
Why can’t you just have a seascape or an inspirational quote?
You think this is deliberate? What do you think I am? I just chose randomly from the five or six pictures i have saved on my iPad. Stuff I find inspiring. Happy young men, forthright children. I’ll try again, FFS
Look at that light. And the chalky moon, in the limpid distance. Beautiful
Anyway I’ve changed it. Sorry again. But look at that view, endless sun. That’s all I was trying to show. Alentejo, Portugal - because it is so lovely, especially in this slanting evening light….
…a bit of Third Reich memorabilia on the computer…what more could a man ask for?
That one TOO????
Unless I’m much mistaken that’s Goebbels’ first communion -
I knew you’d been veering Alt-Right lately but have to concede these shots have been a stunningly stylish, Insta worthy, way of outing yourself as a Nazi. Well done!
Anyway I’ve changed it. Sorry again. But look at that view, endless sun. That’s all I was trying to show. Alentejo, Portugal - because it is so lovely, especially in this slanting evening light….
…a bit of Third Reich memorabilia on the computer…what more could a man ask for?
That one TOO????
Unless I’m much mistaken that’s Goebbels’ first communion -
I knew you’d been veering Alt-Right lately but have to concede these shots have been a stunningly stylish, Insta worthy, way of outing yourself as a Nazi. Well done!
Anyway I’ve changed it. Sorry again. But look at that view, endless sun. That’s all I was trying to show. Alentejo, Portugal - because it is so lovely, especially in this slanting evening light….
…a bit of Third Reich memorabilia on the computer…what more could a man ask for?
That one TOO????
Why can’t you just have a seascape or an inspirational quote?
You think this is deliberate? What do you think I am? I just chose randomly from the five or six pictures i have saved on my iPad. Stuff I find inspiring. Happy young men, forthright children. I’ll try again, FFS
Look at that light. And the chalky moon, in the limpid distance. Beautiful
Anyway I’ve changed it. Sorry again. But look at that view, endless sun. That’s all I was trying to show. Alentejo, Portugal - because it is so lovely, especially in this slanting evening light….
…a bit of Third Reich memorabilia on the computer…what more could a man ask for?
That one TOO????
Why can’t you just have a seascape or an inspirational quote?
You think this is deliberate? What do you think I am? I just chose randomly from the five or six pictures i have saved on my iPad. Stuff I find inspiring. Happy young men, forthright children. I’ll try again, FFS
Look at that light. And the chalky moon, in the limpid distance. Beautiful
Anyway I’ve changed it. Sorry again. But look at that view, endless sun. That’s all I was trying to show. Alentejo, Portugal - because it is so lovely, especially in this slanting evening light….
…a bit of Third Reich memorabilia on the computer…what more could a man ask for?
That one TOO????
Unless I’m much mistaken that’s Goebbels’ first communion -
I knew you’d been veering Alt-Right lately but have to concede these shots have been a stunningly stylish, Insta worthy, way of outing yourself as a Nazi. Well done!
Anyway I’ve changed it. Sorry again. But look at that view, endless sun. That’s all I was trying to show. Alentejo, Portugal - because it is so lovely, especially in this slanting evening light….
…a bit of Third Reich memorabilia on the computer…what more could a man ask for?
That one TOO????
Why can’t you just have a seascape or an inspirational quote?
You think this is deliberate? What do you think I am? I just chose randomly from the five or six pictures i have saved on my iPad. Stuff I find inspiring. Happy young men, forthright children. I’ll try again, FFS
Look at that light. And the chalky moon, in the limpid distance. Beautiful
Okay, you’re trolling now.
OMFG you believed it from the start, Like foxy and kle4 and BartholomewRoberts
YOU ARE FUCKING MORONS
I don't know why you think I 'believed', I just thought it was funny. Dial down the extrapolation granddad.
Anyway I’ve changed it. Sorry again. But look at that view, endless sun. That’s all I was trying to show. Alentejo, Portugal - because it is so lovely, especially in this slanting evening light….
…a bit of Third Reich memorabilia on the computer…what more could a man ask for?
That one TOO????
Unless I’m much mistaken that’s Goebbels’ first communion -
I knew you’d been veering Alt-Right lately but have to concede these shots have been a stunningly stylish, Insta worthy, way of outing yourself as a Nazi. Well done!
Anyway I’ve changed it. Sorry again. But look at that view, endless sun. That’s all I was trying to show. Alentejo, Portugal - because it is so lovely, especially in this slanting evening light….
…a bit of Third Reich memorabilia on the computer…what more could a man ask for?
That one TOO????
Why can’t you just have a seascape or an inspirational quote?
You think this is deliberate? What do you think I am? I just chose randomly from the five or six pictures i have saved on my iPad. Stuff I find inspiring. Happy young men, forthright children. I’ll try again, FFS
Look at that light. And the chalky moon, in the limpid distance. Beautiful
Okay, you’re trolling now.
OMFG you believed it from the start, Like foxy and kle4 and BartholomewRoberts
YOU ARE FUCKING MORONS
I don't know why you think I 'believed', I just thought it was funny. Dial down the extrapolation granddad.
I’m prepared to accept that *you* might have got the joke from the start - PERHAPS - I don’t think @foxy@DougSeal or @BartholomewRoberts did. They thought I’d revealed myself as some terrible Nazi
@dmytrokuleba Russians have returned the body of a British humanitarian worker Paul Urie whom they captured in April and reported dead due to “illnesses” and “stress” in July. With signs of possible unspeakable torture. Detaining and torturing civilians is barbarism and a heinous war crime
I express my deepest condolences to relatives and close ones of Paul Urie. He was a brave man who dedicated himself to saving people. Ukraine will never forget him and his deeds. We will identify perpetrators of this crime and hold them to account. They won’t escape justice
Anyway I’ve changed it. Sorry again. But look at that view, endless sun. That’s all I was trying to show. Alentejo, Portugal - because it is so lovely, especially in this slanting evening light….
…a bit of Third Reich memorabilia on the computer…what more could a man ask for?
That one TOO????
Why can’t you just have a seascape or an inspirational quote?
You think this is deliberate? What do you think I am? I just chose randomly from the five or six pictures i have saved on my iPad. Stuff I find inspiring. Happy young men, forthright children. I’ll try again, FFS
Look at that light. And the chalky moon, in the limpid distance. Beautiful
Okay, you’re trolling now.
OMFG you believed it from the start, Like foxy and kle4 and BartholomewRoberts
YOU ARE FUCKING MORONS
I don't know why you think I 'believed', I just thought it was funny. Dial down the extrapolation granddad.
I’m prepared to accept that *you* might have got the joke from the start - PERHAPS - I don’t think @foxy@DougSeal or @BartholomewRoberts did. They thought I’d revealed myself as some terrible Nazi
Anyway I’ve changed it. Sorry again. But look at that view, endless sun. That’s all I was trying to show. Alentejo, Portugal - because it is so lovely, especially in this slanting evening light….
…a bit of Third Reich memorabilia on the computer…what more could a man ask for?
That one TOO????
Why can’t you just have a seascape or an inspirational quote?
You think this is deliberate? What do you think I am? I just chose randomly from the five or six pictures i have saved on my iPad. Stuff I find inspiring. Happy young men, forthright children. I’ll try again, FFS
Look at that light. And the chalky moon, in the limpid distance. Beautiful
Okay, you’re trolling now.
OMFG you believed it from the start, Like foxy and kle4 and BartholomewRoberts
YOU ARE FUCKING MORONS
I don't know why you think I 'believed', I just thought it was funny. Dial down the extrapolation granddad.
I’m prepared to accept that *you* might have got the joke from the start - PERHAPS - I don’t think @foxy@DougSeal or @BartholomewRoberts did. They thought I’d revealed myself as some terrible Nazi
If Putin is going to cut off the gas at least Europe could start taking the diplomatic gloves off. More weapons to Ukraine, give Sviatlana Tsikhanouskaya the full state treatment, stop worrying about Putin being offended or angry.
Comments
He's trying not to say "we are comfortable with small businesses going out of business for the sake of our green energy initiatives and to support Ukraine. Sure, we'll end up like Weimar in the 1930s but it is worth it.
and this
Good Morning from #Germany where production costs for toilet paper have skyrocketed. Hakle, a large German toilet-paper maker w/a century-long history, filed for insolvency this week as “massive” price increases for energy and pulp drove it into a corner. (via BBG)
I have reinvested a share of the profits in Lab most seats next GE.
https://righttolife.org.uk/votes/Suffolk-Coastal/Therese-Coffey
Seriously, the wood pellet industry is competing for wood pulp, and pellets are more than 2x what they cost in spring.
Though good on HYUFD for the qualifier 'continental'.
We are aware of an offensive tweet by one of our freelance contributors, Iain Macwhirter. Although the tweet has since been deleted and an apology issued, we have also suspended his columns while we investigate further.
https://twitter.com/heraldscotland/status/1567559221171855360
Simon Kuper has written a book about it but from the reviews he appears obsessed with the Brexit side of things. However he does suggest that the political right succeeds by engaging fully with the Oxford Union whereas the leftists are busy out campaigning and don't learn the same debating skills. I don't like his conclusion that Oxbridge be turned into post graduate colleges. Seems like he's needlessly trying to share the blame with Cambridge who as far as I can see are entirely blameless.
Exception is smarkets who send me emails when markets settle. Thing is, I only ever seem to lose on smarkets. Shadsy must think I am a right twat.
It’s funny how, making a list of number one thing they couldn’t face going without, the human race of 2020s decide bog roll. 💁♀️
She also said she was in the shower with her daughter when her daughter was one, and her daughter started smiling broadly, as if proud. "What is it?" she asked her daughter.
"I've just done a poo without a nappy!" her daughter proudly replied...
However the future of the Union with Scotland has always been reserved to the UK government and Westminster
https://www.breitbart.com/europe/2022/09/03/germany-will-support-ukraine-no-matter-what-voters-think-says-foreign-minister/
The British public (if PB is anything to go by) seems fairly supine in the face of wholesale economic destruction wrought by a foreign policy decision to involve ourselves in a conflict between two other countries, but when the German worm turns, it really turns.
And can go home if she wants to.
Won't have to explain the details.
Re the comment about Oxford becoming more a post-grad place, actually a large degree of truth in that - the university has kept undergrad numbers stable but significantly increased post-grad numbers and that is the plan to continue doing so.
I just had a bizarre mental image of people shouting at their watches 'I KNOW I'VE BEEN IN A FUCKING CAR CRASH!'
https://marcuse.faculty.history.ucsb.edu/projects/hitler/articles/HitlerWW1outbreakPhotoForgery.htm
That said, if the value of my Dad's London house took a large dive, thus reducing the size of my daughter's inheritance, I'm fairly certain she'd still be better off for the housing market being saner to participate in.
Anyway I’ve changed it. Sorry again. But look at that view, endless sun. That’s all I was trying to show. Alentejo, Portugal - because it is so lovely, especially in this slanting evening light….
It’s explicitly clear from the avoidance of ministerial,statement, they don’t have a plan with details they can share with MPs and media and field questions on, so my question to PB is a fair one. at what point will the Tory Party have a crisis plan for households and businesses they can explain and defend all the details of in a parliamentary debate? Will they have this before the recess and party conferences?
https://commons.wikimedia.org/wiki/File:Goebbels'_Erstkommunion.jpg
I knew you’d been veering Alt-Right lately but have to concede these shots have been a stunningly stylish, Insta worthy, way of outing yourself as a Nazi. Well done!
Look at that light. And the chalky moon, in the
limpid distance. Beautiful
YOU ARE FUCKING MORONS
You and @foxy and the rest
Jeezus Christ
HAHAHAHAHAH
Russians have returned the body of a British humanitarian worker Paul Urie whom they captured in April and reported dead due to “illnesses” and “stress” in July. With signs of possible unspeakable torture. Detaining and torturing civilians is barbarism and a heinous war crime
I express my deepest condolences to relatives and close ones of Paul Urie. He was a brave man who dedicated himself to saving people. Ukraine will never forget him and his deeds. We will identify perpetrators of this crime and hold them to account. They won’t escape justice
https://twitter.com/dmytrokuleba/status/1567585630615388163
After three weeks travelling in Europe, I’m calling it – British food is the best | Adrian Chiles https://www.theguardian.com/commentisfree/2022/sep/07/after-three-weeks-travelling-in-europe-im-calling-it-british-food-is-the-best
I don't follow these markets too closely but is there any correlation between crude oil and natural gas prices?