We can devalue.. A lot if those poor countries in the Eurozone cant and they are stuffed!!
Yes. Their life savings are in a currency that doesn't lose its value. Appalling.
Ahem. The Euro has depreciated considerably against the dollar since 2012. Currencies float. It's what they do. Or are we ONLY going to use the £? If so, carry on.
One of the UK's many issues is that 46% of UK households have less than £1,500 in savings. Robert will probably jump in and quote some ghastly savings rates stats if he feels moved to.
If only they had put their savings abroad, they would all now have £1750
Being around groups of pissed up blokes who start singing isn't my thing. Call me elitist of whatever. I've been on a couple of stag dos and loathed them with a vengeance.
That said, coked up City boys are worse. They don't sing....they just scream over each other.
Labour planning "peace talks", shadow cabinet minister tells me, likening it to Northern Irish disarmament process.
So it'll take about 10 years and only a Canadian general will really know if he's gone at the end of it?
It is so obvious the Corbynites in cahoots with Len and his chumps are playing for time.
And why not. It's a week since the mass resignations and despite all the talk, no-one has come forward with a formal challenge despite the numbers being there to nominate three alternatives. It is a ludicrous position and Corbyn would be mad having survived this far not to be preparing rule changes at conference to enable his side to strike back. The MPs must know that so why haven't they launched their bid? (Because they can't find someone to head it but that too is frankly absurd).
Who are the three? I have the mighty Eagle; thingy, the Welsh guy with specs who looks like a clerk, whose the third?
Well they don't have one, which is half the problem. But the point I was making - not particularly well perhaps, was that number who no-confidenced Corbyn is sufficient to nominate three candidates despite the high threshold.
I tend to take the view a high pound is not a symbol of the nation's virility, in fact it hits exporters and UK tourism so a relatively low £ for a short while is hardly a disaster
1) We haven't had a high pound for quite a while. A high pound is the Noughties £1=$2.1. Even the £1=$1.5 when the polls shut was pitiful. 2) £1=$1.3 is not relatively low. £1=$1.3 is extraordinarily low.
Again, unless you are going on holiday to the states or you buy a lot of goods from the states why is a low pound against the dollar of great concern? It may also encourage more Americans to visit London and the UK and help sell more British goods to the US
Virtually everyone buys lots of goods in dollars. It's what oil is priced in.
The cost of the average supermarket shop does not depend on the value of the dollar
ISTR we import most of our food.
We actually import a smaller proportion of our calories than we did in 1910.
Labour planning "peace talks", shadow cabinet minister tells me, likening it to Northern Irish disarmament process.
So it'll take about 10 years and only a Canadian general will really know if he's gone at the end of it?
It is so obvious the Corbynites in cahoots with Len and his chumps are playing for time.
And why not. It's a week since the mass resignations and despite all the talk, no-one has come forward with a formal challenge despite the numbers being there to nominate three alternatives. It is a ludicrous position and Corbyn would be mad having survived this far not to be preparing rule changes at conference to enable his side to strike back. The MPs must know that so why haven't they launched their bid? (Because they can't find someone to head it but that too is frankly absurd).
Who are the three? I have the mighty Eagle; thingy, the Welsh guy with specs who looks like a clerk, whose the third?
Well they don't have one, which is half the problem. But the point I was making - not particularly well perhaps, was that number who no-confidenced Corbyn is sufficient to nominate three candidates despite the high threshold.
Didn't Corbyn win on the first round last time? What's to stop him doing so again? Knobbling the three-quidders?
I tend to take the view a high pound is not a symbol of the nation's virility, in fact it hits exporters and UK tourism so a relatively low £ for a short while is hardly a disaster
1) We haven't had a high pound for quite a while. A high pound is the Noughties £1=$2.1. Even the £1=$1.5 when the polls shut was pitiful. 2) £1=$1.3 is not relatively low. £1=$1.3 is extraordinarily low.
Again, unless you are going on holiday to the states or you buy a lot of goods from the states why is a low pound against the dollar of great concern? It may also encourage more Americans to visit London and the UK and help sell more British goods to the US
Virtually everyone buys lots of goods in dollars. It's what oil is priced in.
The cost of the average supermarket shop does not depend on the value of the dollar
ISTR we import most of our food.
Well that may encourage us to buy more British meat and fruit and vegetables again, no bad thing!
We can devalue.. A lot if those poor countries in the Eurozone cant and they are stuffed!!
Yes. Their life savings are in a currency that doesn't lose its value. Appalling.
Ahem. The Euro has depreciated considerably against the dollar since 2012. Currencies float. It's what they do. Or are we ONLY going to use the £? If so, carry on.
One of the UK's many issues is that 46% of UK households have less than £1,500 in savings. Robert will probably jump in and quote some ghastly savings rates stats if he feels moved to.
Here you go: 2014 savings rates vs current account for various countries.
I tend to take the view a high pound is not a symbol of the nation's virility, in fact it hits exporters and UK tourism so a relatively low £ for a short while is hardly a disaster
1) We haven't had a high pound for quite a while. A high pound is the Noughties £1=$2.1. Even the £1=$1.5 when the polls shut was pitiful. 2) £1=$1.3 is not relatively low. £1=$1.3 is extraordinarily low.
Again, unless you are going on holiday to the states or you buy a lot of goods from the states why is a low pound against the dollar of great concern? It may also encourage more Americans to visit London and the UK and help sell more British goods to the US
It's fantastic if you get paid in dollars but have a mortgage in Sterling
More seriously,
£9 a pint! Good grief! Where is this Sandpit?
Good job Theresa May is teetotal with alcohol prices like that. By my calculations her net earnings after tax would limit her to just 23.5 pints a day. Hardly enough to see a Hague through to early evening.
Dubai, UAE. The only bars are in 4* and 5* hotels, and there's LOTS of tax on them. No direct income tax here though, so I think of it as being 40% cheaper really We also chase the happy hours around town, if you can call £6 a pint in any way happy - mildly amusing hour maybe!
Singapore is even worse, it's £12 or £13 a pint there now with the recent drop in the pound.
On the positive side, petrol in Dubai is 33p a litre!
Join the rugby club. Spent many a night tired and emotional there, for considerably less than hotel prices.
But then are you not stuck all night with a bunch of Tory twat rugger buggers?
You're proving my point about you not being a nice person.
Comrade, spend a sober night in a pub with a bunch of pissed up rugger buggers. You might change your tune.
I have on hundreds of occasions, I don't have a problem talking to soldiers, brick layers, lorry drivers, vets, policemen, unemployed lads and a multitude of others. Why do you, comrade?
I am with tyson on this one. All of those people may be fine sober, but get them boozed up with an oval ball about the place and they turn into twats. Rugby is like Golf, a perfectly fine game played by twats.
Being around groups of pissed up blokes who start singing isn't my thing. Call me elitist of whatever. I've been on a couple of stag dos and loathed them with a vengeance.
That said, coked up City boys are worse. They don't sing....they just scream over each other.
Nice rowing back. Gone from being the worst thing, to just not your thing. You're already aware of my opinion of you, you're not doing much to change it
Labour planning "peace talks", shadow cabinet minister tells me, likening it to Northern Irish disarmament process.
So it'll take about 10 years and only a Canadian general will really know if he's gone at the end of it?
It is so obvious the Corbynites in cahoots with Len and his chumps are playing for time.
And why not. It's a week since the mass resignations and despite all the talk, no-one has come forward with a formal challenge despite the numbers being there to nominate three alternatives. It is a ludicrous position and Corbyn would be mad having survived this far not to be preparing rule changes at conference to enable his side to strike back. The MPs must know that so why haven't they launched their bid? (Because they can't find someone to head it but that too is frankly absurd).
Who are the three? I have the mighty Eagle; thingy, the Welsh guy with specs who looks like a clerk, whose the third?
Well they don't have one, which is half the problem. But the point I was making - not particularly well perhaps, was that number who no-confidenced Corbyn is sufficient to nominate three candidates despite the high threshold.
Labour MP's do not quite seem as duplicitous as the Tories. They need to watch and learn as May backers manoeuvre Gove into a head to head eliminating Leadsom.
Not many people will be booking breaks in Florida or New York for a few months, they may take a break in Bath or Cornwall instead
For the person who wanted to go to Florida or New York, that is not a good thing.
No but the UK economy will actually benefit from that break taken in Bath or Cornwall, it will not see any benefit from the emotional satisfaction of a tourist in Manhattan or Miami!
Sucks teeth. Flat roof. You're going to get leaks with that. Plus that fenestration, you'll have awful problems with heat management. May I suggest some nice curtains...
[Seriously. Why do people never put curtains in these things?]
We can devalue.. A lot if those poor countries in the Eurozone cant and they are stuffed!!
Yes. Their life savings are in a currency that doesn't lose its value. Appalling.
Ahem. The Euro has depreciated considerably against the dollar since 2012. Currencies float. It's what they do. Or are we ONLY going to use the £? If so, carry on.
One of the UK's many issues is that 46% of UK households have less than £1,500 in savings. Robert will probably jump in and quote some ghastly savings rates stats if he feels moved to.
Here you go: 2014 savings rates vs current account for various countries.
I thank'ee. Learned a lot this last month or so. Economics can be fun!
Labour planning "peace talks", shadow cabinet minister tells me, likening it to Northern Irish disarmament process.
So it'll take about 10 years and only a Canadian general will really know if he's gone at the end of it?
It is so obvious the Corbynites in cahoots with Len and his chumps are playing for time.
And why not. It's a week since the mass resignations and despite all the talk, no-one has come forward with a formal challenge despite the numbers being there to nominate three alternatives. It is a ludicrous position and Corbyn would be mad having survived this far not to be preparing rule changes at conference to enable his side to strike back. The MPs must know that so why haven't they launched their bid? (Because they can't find someone to head it but that too is frankly absurd).
Who are the three? I have the mighty Eagle; thingy, the Welsh guy with specs who looks like a clerk, whose the third?
Well they don't have one, which is half the problem. But the point I was making - not particularly well perhaps, was that number who no-confidenced Corbyn is sufficient to nominate three candidates despite the high threshold.
Labour MP's do not quite seem as duplicitous as the Tories. They need to watch and learn as May backers manoeuvre Gove into a head to head eliminating Leadsom.
Being around groups of pissed up blokes who start singing isn't my thing. Call me elitist of whatever. I've been on a couple of stag dos and loathed them with a vengeance.
That said, coked up City boys are worse. They don't sing....they just scream over each other.
Stag do's are the worst.
Forced pace of drinking, unfunny practical jokes, mysogyny and vomit.
There only function is to make men look forward to marriage so they can escape all that crap.
"I urge the Government to look carefully at scrapping the entire burden of regulation on micro-businesses with, say, three employees or fewer. I envisage there being absolutely no regulation whatsoever—no minimum wage, no maternity or paternity rights, no unfair dismissal rights, no pension rights"
Project Fear ? No - Andrea Leadsom, House of Commons 10/05/2012
I tend to take the view a high pound is not a symbol of the nation's virility, in fact it hits exporters and UK tourism so a relatively low £ for a short while is hardly a disaster
1) We haven't had a high pound for quite a while. A high pound is the Noughties £1=$2.1. Even the £1=$1.5 when the polls shut was pitiful.
Again, unless you are going on holiday to the states or you buy a lot of goods from the states why is a low pound against the dollar of great concern? It may also encourage more Americans to visit London and the UK and help sell more British goods to the US
It's fantastic if you get paid in dollars but have a mortgage in Sterling
More seriously,
£9 a pint! Good grief! Where is this Sandpit?
Good job Theresa May is teetotal with alcohol prices like that. By my calculations her net earnings after tax would limit her to just 23.5 pints a day. Hardly enough to see a Hague through to early evening.
Dubai, UAE. The only bars are in 4* and 5* hotels, and there's LOTS of tax on them. No direct income tax here though, so I think of it as being 40% cheaper really We also chase the happy hours around town, if you can call £6 a pint in any way happy - mildly amusing hour maybe!
Singapore is even worse, it's £12 or £13 a pint there now with the recent drop in the pound.
On the positive side, petrol in Dubai is 33p a litre!
Join the rugby club. Spent many a night tired and emotional there, for considerably less than hotel prices.
But then are you not stuck all night with a bunch of Tory twat rugger buggers?
You're proving my point about you not being a nice person.
Comrade, spend a sober night in a pub with a bunch of pissed up rugger buggers. You might change your tune.
I have on hundreds of occasions, I don't have a problem talking to soldiers, brick layers, lorry drivers, vets, policemen, unemployed lads and a multitude of others. Why do you, comrade?
I am with tyson on this one. All of those people may be fine sober, but get them boozed up with an oval ball about the place and they turn into twats. Rugby is like Golf, a perfectly fine game played by twats.
I tend to take the view a high pound is not a symbol of the nation's virility, in fact it hits exporters and UK tourism so a relatively low £ for a short while is hardly a disaster
1) We haven't had a high pound for quite a while. A high pound is the Noughties £1=$2.1. Even the £1=$1.5 when the polls shut was pitiful. 2) £1=$1.3 is not relatively low. £1=$1.3 is extraordinarily low.
Dubai, UAE. The only bars are in 4* and 5* hotels, and there's LOTS of tax on them. No direct income tax here though, so I think of it as being 40% cheaper really We also chase the happy hours around town, if you can call £6 a pint in any way happy - mildly amusing hour maybe!
Singapore is even worse, it's £12 or £13 a pint there now with the recent drop in the pound.
On the positive side, petrol in Dubai is 33p a litre!
Join the rugby club. Spent many a night tired and emotional there, for considerably less than hotel prices.
But then are you not stuck all night with a bunch of Tory twat rugger buggers?
You're proving my point about you not being a nice person.
Comrade, spend a sober night in a pub with a bunch of pissed up rugger buggers. You might change your tune.
I have on hundreds of occasions, I don't have a problem talking to soldiers, brick layers, lorry drivers, vets, policemen, unemployed lads and a multitude of others. Why do you, comrade?
I am with tyson on this one. All of those people may be fine sober, but get them boozed up with an oval ball about the place and they turn into twats. Rugby is like Golf, a perfectly fine game played by twats.
You're absolutely correct of course. Medical students are renowned for being paragon's of virtue while sipping a nice glass of dry sherry. They are in no way ever pains in the arse
"I urge the Government to look carefully at scrapping the entire burden of regulation on micro-businesses with, say, three employees or fewer. I envisage there being absolutely no regulation whatsoever—no minimum wage, no maternity or paternity rights, no unfair dismissal rights, no pension rights"
Project Fear ? No - Andrea Leadsom, House of Commons 10/05/2012
We had a chat about this wheeze this morning. General consensus: sounds good for about 15 seconds and then drowns in a sea of whataboutery.
To be fair to him, Carney was the only man with a plan on the morning of 24th June, as everyone else was too shell shocked at the result of the referendum!
Adam & Co is still better than Coutts - Drummonds used to be the best, but that has virtually been phased out now from the RBS stable. Child's also used to be great - pretty much only a cheque book these days.
Being around groups of pissed up blokes who start singing isn't my thing. Call me elitist of whatever. I've been on a couple of stag dos and loathed them with a vengeance.
That said, coked up City boys are worse. They don't sing....they just scream over each other.
Stag do's are the worst.
Forced pace of drinking, unfunny practical jokes, mysogyny and vomit.
There only function is to make men look forward to marriage so they can escape all that crap.
Check out a wee milly hen night in Belfast. I've seen a fair amount of unpleasant and dodgy stuff in my time but I move well out of the way when I see one of those in a bar.
"I urge the Government to look carefully at scrapping the entire burden of regulation on micro-businesses with, say, three employees or fewer. I envisage there being absolutely no regulation whatsoever—no minimum wage, no maternity or paternity rights, no unfair dismissal rights, no pension rights"
Project Fear ? No - Andrea Leadsom, House of Commons 10/05/2012
We had a chat about this wheeze this morning. General consensus: sounds good for about 15 seconds and then drowns in a sea of whataboutery.
Can you imagine the problems trying to recruit? "come work for me, you won't get paid if you're sick, or if you get pregnant, or if you want to go on holiday...oh and I may sack you without notice"
To be fair to him, Carney was the only man with a plan on the morning of 24th June, as everyone else was too shell shocked at the result of the referendum!
He didnt have a plan.. He was sent out to spare the blushes of GO. Its easier for him he is not British although he has taken the Kings shilling
I am with tyson on this one. All of those people may be fine sober, but get them boozed up with an oval ball about the place and they turn into twats. Rugby is like Golf, a perfectly fine game played by twats.
"I urge the Government to look carefully at scrapping the entire burden of regulation on micro-businesses with, say, three employees or fewer. I envisage there being absolutely no regulation whatsoever—no minimum wage, no maternity or paternity rights, no unfair dismissal rights, no pension rights"
Project Fear ? No - Andrea Leadsom, House of Commons 10/05/2012
We had a chat about this wheeze this morning. General consensus: sounds good for about 15 seconds and then drowns in a sea of whataboutery.
Can you imagine the problems trying to recruit? "come work for me, you won't get paid if you're sick, or if you get pregnant, or if you want to go on holiday...oh and I may sack you without notice"
She's off her tiny head
What does a three person business really look like? I mean, most will be partnerships which will have no protection either.
What a choice May or Leadsom? One hasn't ruled out repatriation of EU residents living in the UK and the other wants to return employment law to the 19th century.
"I urge the Government to look carefully at scrapping the entire burden of regulation on micro-businesses with, say, three employees or fewer. I envisage there being absolutely no regulation whatsoever—no minimum wage, no maternity or paternity rights, no unfair dismissal rights, no pension rights"
Project Fear ? No - Andrea Leadsom, House of Commons 10/05/2012
We had a chat about this wheeze this morning. General consensus: sounds good for about 15 seconds and then drowns in a sea of whataboutery.
Can you imagine the problems trying to recruit? "come work for me, you won't get paid if you're sick, or if you get pregnant, or if you want to go on holiday...oh and I may sack you without notice"
She's off her tiny head
In her defence, my tiny two-person consultancy did consider hiring an admin bod, but the HR stuff just turned us off. We wouldn't have been looking to exploit somebody and it wouldn't have been minimum wage. It's really tough to be a micro business. Most never grow for precisely the reasons I've given.
I tend to take the view a high pound is not a symbol of the nation's virility, in fact it hits exporters and UK tourism so a relatively low £ for a short while is hardly a disaster
1) We haven't had a high pound for quite a while. A high pound is the Noughties £1=$2.1. Even the £1=$1.5 when the polls shut was pitiful. 2) £1=$1.3 is not relatively low. £1=$1.3 is extraordinarily low.
Again, unless you are going on holiday to the states or you buy a lot of goods from the states why is a low pound against the dollar of great concern? It may also encourage more Americans to visit London and the UK and help sell more British goods to the US
Virtually everyone buys lots of goods in dollars. It's what oil is priced in.
The cost of the average supermarket shop does not depend on the value of the dollar
ISTR we import most of our food.
Well that may encourage us to buy more British meat and fruit and vegetables again, no bad thing!
I've noticed I've spent most of the night responding to your posts, so I'll desist lest it be thought personal. But before I go, I need to point out that even during WWII, with the UK-resident population less than half what it is today, rationing, enormous investment in allotments, and a population well used to growing food in the garden, we were nowhere near food self-sufficiency.
"I urge the Government to look carefully at scrapping the entire burden of regulation on micro-businesses with, say, three employees or fewer. I envisage there being absolutely no regulation whatsoever—no minimum wage, no maternity or paternity rights, no unfair dismissal rights, no pension rights"
Project Fear ? No - Andrea Leadsom, House of Commons 10/05/2012
We had a chat about this wheeze this morning. General consensus: sounds good for about 15 seconds and then drowns in a sea of whataboutery.
Can you imagine the problems trying to recruit? "come work for me, you won't get paid if you're sick, or if you get pregnant, or if you want to go on holiday...oh and I may sack you without notice"
She's off her tiny head
In her defence, my tiny two-person consultancy did consider hiring an admin bod, but the HR stuff just turned us off. We wouldn't have been looking to exploit somebody and it wouldn't have been minimum wage. It's really tough to be a micro business. Most never grow for precisely the reasons I've given.
I have a two employee business also..in general terms you get back from the staff what you put in
I tend to take the view a high pound is not a symbol of the nation's virility, in fact it hits exporters and UK tourism so a relatively low £ for a short while is hardly a disaster
1) We haven't had a high pound for quite a while. A high pound is the Noughties £1=$2.1. Even the £1=$1.5 when the polls shut was pitiful. 2) £1=$1.3 is not relatively low. £1=$1.3 is extraordinarily low.
Again, unless you are going on holiday to the states or you buy a lot of goods from the states why is a low pound against the dollar of great concern? It may also encourage more Americans to visit London and the UK and help sell more British goods to the US
Virtually everyone buys lots of goods in dollars. It's what oil is priced in.
The cost of the average supermarket shop does not depend on the value of the dollar
ISTR we import most of our food.
Well that may encourage us to buy more British meat and fruit and vegetables again, no bad thing!
I've noticed I've spent most of the night responding to your posts, so I'll desist lest it be thought personal. But before I go, I need to point out that even during WWII, with the UK-resident population less than half what it is today, rationing, enormous investment in allotments, and a population well used to growing food in the garden, we were nowhere near food self-sufficiency.
Surely the deval will push house prices in london up as overseas investors see a cheap asset opportunity
That's an interesting question, and that's certainly what is being pushed by London's estate agents.
I disagree.
Firstly, people don't appreciate how thin the prime London property market is. There were something like 1,500 house sales over 2m in London in 2015. That compares to about 30-50,000 houses that are valued above that level. In other words, the top end of the market only sees turnover of 3-5% each year. It only takes a small number of buyers to walk away, or a small number of people to attempt to realise profits, to move the market quite considerably. (A lot of these homes are owned by French or Italian finance professionals, if they get moved to Paris or Frankfurt, those properties will end up on the market.)
Secondly, the London property market has been seen as the ultimate "blue chip" asset. And it its safety has been defined by the fact you never* lost money in it. Singaporeans buying off-plan apartments in Victoria look at charts that go from bottom left to top right. If the chart doesn't look like that anymore, they're not suddenly going to think the value has improved, they'll think the risk has increased. With rental yields likely to fall meaningfully (fewer expats in London), that removes another leg of support.
I am with tyson on this one. All of those people may be fine sober, but get them boozed up with an oval ball about the place and they turn into twats. Rugby is like Golf, a perfectly fine game played by twats.
Depends if they're happy drunks or angry drunks.
I'd be an angry drunk if I had to live in Dubai.
It's not that bad here, honest. Especially if you can afford to get drunk at £9 a pint!
Next two days are public holidays (Eid Mubarak to @TSE and other Muslims on PB) then I'm heading out of town for a couple of weeks to escape the heat and humidity!
Surely the deval will push house prices in london up as overseas investors see a cheap asset opportunity
So who are all these sellers that just forced three separate property unit trusts to suspend dealing?
The investment vehicles in question own actual buildings. It's standard practice not to let everyone rush for the exits because you're then forced into a fire-sale, screwing your investors in the process. It's the downside of investing in something that illiquid.
I tend to take the view a high pound is not a symbol of the nation's virility, in fact it hits exporters and UK tourism so a relatively low £ for a short while is hardly a disaster
1) We haven't had a high pound for quite a while. A high pound is the Noughties £1=$2.1. Even the £1=$1.5 when the polls shut was pitiful. 2) £1=$1.3 is not relatively low. £1=$1.3 is extraordinarily low.
Again, unless you are going on holiday to the states or you buy a lot of goods from the states why is a low pound against the dollar of great concern? It may also encourage more Americans to visit London and the UK and help sell more British goods to the US
Virtually everyone buys lots of goods in dollars. It's what oil is priced in.
The cost of the average supermarket shop does not depend on the value of the dollar
ISTR we import most of our food.
Well that may encourage us to buy more British meat and fruit and vegetables again, no bad thing!
I've noticed I've spent most of the night responding to your posts, so I'll desist lest it be thought personal. But before I go, I need to point out that even during WWII, with the UK-resident population less than half what it is today, rationing, enormous investment in allotments, and a population well used to growing food in the garden, we were nowhere near food self-sufficiency.
Nobody is saying we need to be self-sufficient, most people will still buy some of their food from abroad, especially the wealthy but if more people buy more British beef, British apples, British wine etc as a result of a low £ that again will boost British farmers and vineyards
I am with tyson on this one. All of those people may be fine sober, but get them boozed up with an oval ball about the place and they turn into twats. Rugby is like Golf, a perfectly fine game played by twats.
Depends if they're happy drunks or angry drunks.
I'd be an angry drunk if I had to live in Dubai.
It's not that bad here, honest. Especially if you can afford to get drunk at £9 a pint!
Next two days are public holidays (Eid Mubarak to @TSE and other Muslims on PB) then I'm heading out of town for a couple of weeks to escape the heat and humidity!
Thank you, I'm not looking forward to it.
Is one of the two days a year I have to pretend to be a very good, devout Muslim
I believe it did, although for around 4.25 I think. I thought it an amazing place, but my wife didn't like the location much. (She also said it was ridiculously big, and she'd never be able to find me or the kids.)
"I urge the Government to look carefully at scrapping the entire burden of regulation on micro-businesses with, say, three employees or fewer. I envisage there being absolutely no regulation whatsoever—no minimum wage, no maternity or paternity rights, no unfair dismissal rights, no pension rights"
Project Fear ? No - Andrea Leadsom, House of Commons 10/05/2012
We had a chat about this wheeze this morning. General consensus: sounds good for about 15 seconds and then drowns in a sea of whataboutery.
Can you imagine the problems trying to recruit? "come work for me, you won't get paid if you're sick, or if you get pregnant, or if you want to go on holiday...oh and I may sack you without notice"
She's off her tiny head
In her defence, my tiny two-person consultancy did consider hiring an admin bod, but the HR stuff just turned us off. We wouldn't have been looking to exploit somebody and it wouldn't have been minimum wage. It's really tough to be a micro business. Most never grow for precisely the reasons I've given.
I have a two employee business also..in general terms you get back from the staff what you put in
It would have been nice to negotiate something that suited us all, without worrying about regulation. However, it's moot. No one took Leadsom up on her idea, so it's just a Twitter stick to beat her with now.
Surely the deval will push house prices in london up as overseas investors see a cheap asset opportunity
So who are all these sellers that just forced three separate property unit trusts to suspend dealing?
The investment vehicles in question own actual buildings. It's standard practice not to let everyone rush for the exits because you're then forced into a fire-sale, screwing your investors in the process. It's the downside of investing in something that illiquid.
Thank you, but I think I had worked it through to that point already. My point was that there is clearly an army of people suddenly wanting to sell.
The 4 teams left in the 2016 Euro championship Germany.France,Wales and Portugal.
Engand has beaten all four in the last 12 months -
17 nov 2015 Engand 2 - 0 France
26 mar 2016 Germany 2 - 3 England
2 june 2016 England 1 - 0 Portugal
16 june 2016 England 2 - 1 Wales.
That is indeed an amazing fact!
My favourite bit of Euro 16 footy trivia is that when Andy King (pbuh) came on wearing the number 8 for Wales on Friday, for the first time in living memory a football team were playing wearing consecutive numbers 1 to 11.
I believe it did, although for around 4.25 I think. I thought it an amazing place, but my wife didn't like the location much. (She also said it was ridiculously big, and she'd never be able to find me or the kids.)
Darn - I thought it was fab - my wife vetoed it as well
Surely the deval will push house prices in london up as overseas investors see a cheap asset opportunity
So who are all these sellers that just forced three separate property unit trusts to suspend dealing?
The investment vehicles in question own actual buildings. It's standard practice not to let everyone rush for the exits because you're then forced into a fire-sale, screwing your investors in the process. It's the downside of investing in something that illiquid.
I have always thought that REITS were a bit of a ponzi scheme. Each yr the asset is valued up and the difference paid out in a dividend. Realistically nothing has happened except a reval. Accident waiting to happen
Surely the deval will push house prices in london up as overseas investors see a cheap asset opportunity
So who are all these sellers that just forced three separate property unit trusts to suspend dealing?
The investment vehicles in question own actual buildings. It's standard practice not to let everyone rush for the exits because you're then forced into a fire-sale, screwing your investors in the process. It's the downside of investing in something that illiquid.
Thank you, but I think had worked it through to that point already. My point was that there is clearly an army of people wanting to sell.
My question would be why they were still invested in the first place. Klaxons have been wailing on commercial property for months. Brexit is hurrying trends that were blindingly obvious since c. 2014.
To be fair to him, Carney was the only man with a plan on the morning of 24th June, as everyone else was too shell shocked at the result of the referendum!
I sent my CV in to a professional CV firm the other day, curious to see what they'd do to it. They changed "Served on the Northern Ireland Select Committee during the period of the peace process" to "Transformed the economy and political system of Northern Ireland".
If that's how people write CVs, Carney can claim to have prevented the mooted collapse of Western civilisation and World War 3.
Surely the deval will push house prices in london up as overseas investors see a cheap asset opportunity
So who are all these sellers that just forced three separate property unit trusts to suspend dealing?
The investment vehicles in question own actual buildings. It's standard practice not to let everyone rush for the exits because you're then forced into a fire-sale, screwing your investors in the process. It's the downside of investing in something that illiquid.
I have always thought that REITS were a bit of a ponzi scheme. Each yr the asset is valued up and the difference paid out in a dividend. Realistically nothing has happened except a reval. Accident waiting to happen
I'm not sure that's how REITs work, I thought the dividend was calculated from net operating cash flow, which was derived from rental income less operating expenses and tax. You are then obliged to pay out 90% of that.
Firms publish a NAV, based on a cap rate, but that is different from their accounting profit and their dividend payment.
Surely the deval will push house prices in london up as overseas investors see a cheap asset opportunity
It's a good point, and it might happen.
Factors working against it are 1) the low £ makes rental income worth less (why lend somebody dollars to buy a BTL in London when he will pay you back in pounds) and 2) less economic activity in UK further lowering returns, and 3) lack of confidence.
Factors working for it are 1) Short-term increase in inward migration resulting in increased demand. 2) Lower currency making property cheaper.
Estate agent goss is a dramatic recent drop in completions as investors took fright, but that might be a short sharp shock.
If you want my guess, they'll drop noticeably until September, but then may recover: house prices are seasonal and that would fit the pattern. But I've been wrong before...
Interesting tweet from The Sun's political editor.
The more I think about it, Stephen Crabb is the ideal candidate for working class Tories like myself that really warmed to David Cameron's One Nation Toryism
@tnewtondunn: Final thought on @scrabbmp: a thoroughly decent man who fought the right One Nation campaign and goes with dignity. He will be PM one day.
I am with tyson on this one. All of those people may be fine sober, but get them boozed up with an oval ball about the place and they turn into twats. Rugby is like Golf, a perfectly fine game played by twats.
Depends if they're happy drunks or angry drunks.
I'd be an angry drunk if I had to live in Dubai.
It's not that bad here, honest. Especially if you can afford to get drunk at £9 a pint!
Next two days are public holidays (Eid Mubarak to @TSE and other Muslims on PB) then I'm heading out of town for a couple of weeks to escape the heat and humidity!
Thank you, I'm not looking forward to it.
Is one of the two days a year I have to pretend to be a very good, devout Muslim
I'll guess you've not been fasting for the last month then!
If it's any consolation, there will be plenty of Christians posting here that get dragged to church at Easter and Christmas, think of it as doing your bit for the greater good of familial harmony.
The 4 teams left in the 2016 Euro championship Germany.France,Wales and Portugal.
Engand has beaten all four in the last 12 months -
17 nov 2015 Engand 2 - 0 France
26 mar 2016 Germany 2 - 3 England
2 june 2016 England 1 - 0 Portugal
16 june 2016 England 2 - 1 Wales.
That is indeed an amazing fact!
My favourite bit of Euro 16 footy trivia is that when Andy King (pbuh) came on wearing the number 8 for Wales on Friday, for the first time in living memory a football team were playing wearing consecutive numbers 1 to 11.
Interesting tweet from The Sun's political editor.
The more I think about it, Stephen Crabb is the ideal candidate for working class Tories like myself that really warmed to David Cameron's One Nation Toryism
@tnewtondunn: Final thought on @scrabbmp: a thoroughly decent man who fought the right One Nation campaign and goes with dignity. He will be PM one day.
Under Theresa May, he could easily be appointed to one of the offices of state within this parliament.
Interesting tweet from The Sun's political editor.
The more I think about it, Stephen Crabb is the ideal candidate for working class Tories like myself that really warmed to David Cameron's One Nation Toryism
@tnewtondunn: Final thought on @scrabbmp: a thoroughly decent man who fought the right One Nation campaign and goes with dignity. He will be PM one day.
Is it mere conincidence that the two guys who have been eliminated are named after animals?
One for the LuckyGuys and fellow tin hatters to mull over.
Running both Eagle and Smith against Jezza turns it into a proper contest rather than a coup. Sounds good to me. It is by AV so not at risk of splitting the vote.
Worked really well last year, with three of them. All they still need is, uh, something to say.
I gather that a compromise is in the works, with Corbyn potentially agreeing to step down sometime before 2020 in return for an end to the current blood feud.
Interesting tweet from The Sun's political editor.
The more I think about it, Stephen Crabb is the ideal candidate for working class Tories like myself that really warmed to David Cameron's One Nation Toryism
@tnewtondunn: Final thought on @scrabbmp: a thoroughly decent man who fought the right One Nation campaign and goes with dignity. He will be PM one day.
Indeed, Theresa ought to stick him in the Home Office get him to introduce gender neutral passports which will gain him kudos in the trans and intersex communities. Plus being a senior cabinet minister will position him for next time which won't be more than 5-6 years.
Interesting tweet from The Sun's political editor.
The more I think about it, Stephen Crabb is the ideal candidate for working class Tories like myself that really warmed to David Cameron's One Nation Toryism
@tnewtondunn: Final thought on @scrabbmp: a thoroughly decent man who fought the right One Nation campaign and goes with dignity. He will be PM one day.
As Crabbe is my MP,I am sure myself and my labour colleagues will do everything in our power to stop that happening at the next general election.
Surely the deval will push house prices in london up as overseas investors see a cheap asset opportunity
So who are all these sellers that just forced three separate property unit trusts to suspend dealing?
The investment vehicles in question own actual buildings. It's standard practice not to let everyone rush for the exits because you're then forced into a fire-sale, screwing your investors in the process. It's the downside of investing in something that illiquid.
I have always thought that REITS were a bit of a ponzi scheme. Each yr the asset is valued up and the difference paid out in a dividend. Realistically nothing has happened except a reval. Accident waiting to happen
I'm not sure that's how REITs work, I thought the dividend was calculated from net operating cash flow, which was derived from rental income less operating expenses and tax. You are then obliged to pay out 90% of that.
Firms publish a NAV, based on a cap rate, but that is different from their accounting profit and their dividend payment.
Comments
Being around groups of pissed up blokes who start singing isn't my thing. Call me elitist of whatever. I've been on a couple of stag dos and loathed them with a vengeance.
That said, coked up City boys are worse. They don't sing....they just scream over each other.
@Charles: remember Syon Lodge
I was trading cable at the time and it reached
1.0035
That was it
[Seriously. Why do people never put curtains in these things?]
Forced pace of drinking, unfunny practical jokes, mysogyny and vomit.
There only function is to make men look forward to marriage so they can escape all that crap.
Project Fear ? No - Andrea Leadsom, House of Commons 10/05/2012
https://twitter.com/suttonnick/status/750438341825396736
Adam & Co is still better than Coutts - Drummonds used to be the best, but that has virtually been phased out now from the RBS stable. Child's also used to be great - pretty much only a cheque book these days.
I do like Gosling's logo though!
She's off her tiny head
Its easier for him he is not British although he has taken the Kings shilling
I quite liked the medieval fireplace ... it was just those pesky aeroplanes
https://www.google.co.uk/url?sa=t&rct=j&q=&esrc=s&source=web&cd=3&ved=0ahUKEwjj19uQot3NAhXBLsAKHUoKALkQFggvMAI&url=http://www.21stcenturygroup.co.uk/pdf/Syon-Brochure.pdf&usg=AFQjCNFnTSCJyqbdi7I5Ck0oiJ9jaWnFew
I disagree.
Firstly, people don't appreciate how thin the prime London property market is. There were something like 1,500 house sales over 2m in London in 2015. That compares to about 30-50,000 houses that are valued above that level. In other words, the top end of the market only sees turnover of 3-5% each year. It only takes a small number of buyers to walk away, or a small number of people to attempt to realise profits, to move the market quite considerably. (A lot of these homes are owned by French or Italian finance professionals, if they get moved to Paris or Frankfurt, those properties will end up on the market.)
Secondly, the London property market has been seen as the ultimate "blue chip" asset. And it its safety has been defined by the fact you never* lost money in it. Singaporeans buying off-plan apartments in Victoria look at charts that go from bottom left to top right. If the chart doesn't look like that anymore, they're not suddenly going to think the value has improved, they'll think the risk has increased. With rental yields likely to fall meaningfully (fewer expats in London), that removes another leg of support.
* Well, not since the early 1990s
Next two days are public holidays (Eid Mubarak to @TSE and other Muslims on PB) then I'm heading out of town for a couple of weeks to escape the heat and humidity!
10/11
11/12
12/13
13/14
(this was pre election so 14/15 wasn't available)
So 5 vs 4 - not that too much of a difference
Is one of the two days a year I have to pretend to be a very good, devout Muslim
https://twitter.com/suttonnick/status/750442056439439360
http://order-order.com/2016/04/09/read-camerons-tax-returns/
But I am boring myself now.
Realistically nothing has happened except a reval.
Accident waiting to happen
And on that portentous note, goodnight all.
Loads of puff pieces initially but then, when things go sour, the claws will come out with Amanda Platell and Liz Jones...
If that's how people write CVs, Carney can claim to have prevented the mooted collapse of Western civilisation and World War 3.
Firms publish a NAV, based on a cap rate, but that is different from their accounting profit and their dividend payment.
Factors working against it are 1) the low £ makes rental income worth less (why lend somebody dollars to buy a BTL in London when he will pay you back in pounds) and 2) less economic activity in UK further lowering returns, and 3) lack of confidence.
Factors working for it are 1) Short-term increase in inward migration resulting in increased demand. 2) Lower currency making property cheaper.
Estate agent goss is a dramatic recent drop in completions as investors took fright, but that might be a short sharp shock.
If you want my guess, they'll drop noticeably until September, but then may recover: house prices are seasonal and that would fit the pattern. But I've been wrong before...
The more I think about it, Stephen Crabb is the ideal candidate for working class Tories like myself that really warmed to David Cameron's One Nation Toryism
@tnewtondunn: Final thought on @scrabbmp: a thoroughly decent man who fought the right One Nation campaign and goes with dignity. He will be PM one day.
If it's any consolation, there will be plenty of Christians posting here that get dragged to church at Easter and Christmas, think of it as doing your bit for the greater good of familial harmony.
NEW THREAD NEW THREAD
One for the LuckyGuys and fellow tin hatters to mull over.
I gather that a compromise is in the works, with Corbyn potentially agreeing to step down sometime before 2020 in return for an end to the current blood feud.