What level of market value are labour proposing selling buy to let’s to tenants? If it was 80% I’d be quite happy to be rid of the place and try and get rid of the money to my kids before it is all drained away paying for my wife’s inevitable care home costs when I’m no longer able to look after her.
What level of market value are labour proposing selling buy to let’s to tenants? If it was 80% I’d be quite happy to be rid of the place and try and get rid of the money to my kids before it is all drained away paying for my wife’s inevitable care home costs when I’m no longer able to look after her.
The Coalition was a pretty decent time all told. Not without problems, but with governments 'a bit crappy' is not a bad result. I wanted the coalition to continue personally, but the public punished the LDs too much, to the point now no one will ever agree a formal coalition again in living memory (even as everyone talks of unity).
Apart from the Fixed Term Parliaments Act, which is a major source of the big mess we’re in right now!
I've defended it because the main problem is how the politicians are choosing to behave, but the last month has demonstrated that it has indeed led to absurdities which the politicians should probably not have been given the opportunity to cock about with.
Looks like the dam has broken on an Impeachment Inquiry.
UK or USA?
Adam Price who tried to impeach Tony Blair for Iraq is now Leader of Plaid Cymru. He pointed out today that at the time Boris Johnson wrote an article supporting the idea.
Hilarity on Twitter though on this - McDonnell calls on Tories to oust Boris presumably to avoid a GE. Its pointed out Raab is first secretary of state, Labour calling for DominIc Raab to be PM!
Eh? Just because he's First Secretary of State doesn't mean he would get picked to be the next PM by the Tories. That's not the case even when we had a Deputy PM, precedence in government hierarchies might not translate to being better able to command the confidence of the House.
If Boris dies tomorrow, Raab is next in line
There is not a line of succession for him to be next in line for. It may be that based on seniority and politics he is chosen to be the next PM in that situation, but there is no unequivocal pecking order such that someone else might not get chosen instead.
What level of market value are labour proposing selling buy to let’s to tenants? If it was 80% I’d be quite happy to be rid of the place and try and get rid of the money to my kids before it is all drained away paying for my wife’s inevitable care home costs when I’m no longer able to look after her.
Why not sell it on the open market for 100% then?
because everyone will be doing that and house prices will go down
The Coalition was a pretty decent time all told. Not without problems, but with governments 'a bit crappy' is not a bad result. I wanted the coalition to continue personally, but the public punished the LDs too much, to the point now no one will ever agree a formal coalition again in living memory (even as everyone talks of unity).
Apart from the Fixed Term Parliaments Act, which is a major source of the big mess we’re in right now!
I am sure I recall something happened in 2016 that might have some bearing....
ITV headlines not buying the semantics from Team Johnson
"The Supreme Court rules that Boris Johnson abused his power and misled the Queen"
Half correct.
Even if Lady Hale did not herself say that he misled the Queen, didn't she uphold the Scottish court's judgement in full (including their comment that he misled the Queen)?
The SC declined to consider the matter, as they ruled that the effects of the decision were sufficient grounds for their judgment.
What level of market value are labour proposing selling buy to let’s to tenants? If it was 80% I’d be quite happy to be rid of the place and try and get rid of the money to my kids before it is all drained away paying for my wife’s inevitable care home costs when I’m no longer able to look after her.
Not to support the suite of policies being talked about today, but didn't Corbyn also say something about free care? Could be you lose on the one hand and gain on the other.
The funny thing was that was the biggest political issue like, for years, when it happened.
We had people on here getting angry about it for days on end.
Honestly George, the Treasury, and pretty much everyone who worked on the budget thought the cut in the higher rate of tax would dominate the reaction to the budget and were bemused and unprepared for the entire focus to be on pasties and caravans.
That was because it was such a good budget.
I appreciate that I'll get a lot of derision for saying that, but it's true. It really was a good budget (as subsequent economic data showed), so the opposition and media lumped on to these tiny details, of purely technical interest, since they had nothing else to criticise. What's more, the pasty tax was absolutely fair - Greggs had been 'avin' a larf.
Yes, sorry, I usually avoid the term 'ordinary people'. It's silly.
What I meant by it in that post was people not particularly well off.
Like checkout staff at Tesco. Just as an example.
the Jezzaplan will make it a bad time to be a housebuilder or a buy for let landlord.
Re buy to let landlords, so it should!
There are plenty of people classed as "buy to let" that aren't really. I had to move from one city to another so am having to rent out my flat. Should people like me be clobbered with ridiculous taxes and unable to pay rent, or else have to sell in a fire sale in a depressed market?
Same position here.
What do we think happens to rents, when supply of property for rent is massively reduced?
Rents will go down. The properties dont disappear, they are either bought by another landlord (no change) or a former tenant becoming an owner.
The tenants who become owners will tend to be the better off tenants. Without them around the remaining landlords will have to drop prices to keep their properties occupied from the remaining tenants who have less income.
It only works like that at the margin. When public policy changes cause one side or the other to change behaviour en masse, the effects can be quite dramatic in the short term.
Also, demand for property to buy is much more related to supply and demand for mortgage finance, than anything else.
Mortgage finance is another issue where the system is biased against the young. For the same occupier, the state owned banks will lend more to a landlord than an owner using the occupiers income. It is hugely unfair and a state handout to the already wealthy at the expense of the young.
You are aware that the price of lending is based on risk. Whether to a landlord, a commercial entity or indeed a government. If you are suggesting a bank, state owned or not, lends money not based on risk then they won’t be in business for very long. In the case of a state owned bank those young people you are so concerned about will find themselves subsidising those fail to pay their loans back. As will everyone.
Hilarity on Twitter though on this - McDonnell calls on Tories to oust Boris presumably to avoid a GE. Its pointed out Raab is first secretary of state, Labour calling for DominIc Raab to be PM!
Eh? Just because he's First Secretary of State doesn't mean he would get picked to be the next PM by the Tories. That's not the case even when we had a Deputy PM, precedence in government hierarchies might not translate to being better able to command the confidence of the House.
If Boris dies tomorrow, Raab is next in line
There is not a line of succession for him to be next in line for. It may be that based on seniority and politics he is chosen to be the next PM in that situation, but there is no unequivocal pecking order such that someone else might not get chosen instead.
What would happen is there would be an emergency cabinet and an alternative interim PM proposed.
From the Guardian < Newsflash: It’s all gone wrong for Northern Ireland bus-maker Wrightbus.
Sky News is reporting that Wrightbus, maker of London’s ‘Boris Bus’, will fall into administration on Wednesday.
Deloitte are expected to be appointed as administrators, putting 1,300 jobs at risk.
Sky’s Mark Kleinman says:
Sources close to one of the bidders said on Tuesday evening that the appointment of Deloitte was “almost certain” to happen within 24 hours, putting about 1300 jobs at risk.
The news will represent a devastating blow to Northern Ireland’s manufacturing sector, with the prospects of Wrightbus being salvaged in its current form now understood to be remote
The move means Wrightbus failed in a last-minute dash to find a buyer, following weeks of talks.
ITV headlines not buying the semantics from Team Johnson
"The Supreme Court rules that Boris Johnson abused his power and misled the Queen"
My reading of the SC judgement is that they carefully didn't say he had misled the queen. It's a quite important point - the difference perhaps between resigning and not.
Yes, sorry, I usually avoid the term 'ordinary people'. It's silly.
What I meant by it in that post was people not particularly well off.
Like checkout staff at Tesco. Just as an example.
the Jezzaplan will make it a bad time to be a housebuilder or a buy for let landlord.
Re buy to let landlords, so it should!
There are plenty of people classed as "buy to let" that aren't really. I had to move from one city to another so am having to rent out my flat. Should people like me be clobbered with ridiculous taxes and unable to pay rent, or else have to sell in a fire sale in a depressed market?
Same position here.
What do we think happens to rents, when supply of property for rent is massively reduced?
Rents will go down. The properties dont disappear, they are either bought by another landlord (no change) or a former tenant becoming an owner.
The tenants who become owners will tend to be the better off tenants. Without them around the remaining landlords will have to drop prices to keep their properties occupied from the remaining tenants who have less income.
It only works like that at the margin. When public policy changes cause one side or the other to change behaviour en masse, the effects can be quite dramatic in the short term.
Also, demand for property to buy is much more related to supply and demand for mortgage finance, than anything else.
Mortgage finance is another issue where the system is biased against the young. For the same occupier, the state owned banks will lend more to a landlord than an owner using the occupiers income. It is hugely unfair and a state handout to the already wealthy at the expense of the young.
You are aware that the price of lending is based on risk. Whether to a landlord, a commercial entity or indeed a government. If you are suggesting a bank, state owned or not, lends money not based on risk then they won’t be in business for very long. In the case of a state owned bank those young people you are so concerned about will find themselves subsidising those fail to pay their loans back. As will everyone.
You're right about the reasons, but the results are unjust.
"Free to those who can afford it, very expensive to those who can't" springs to mind.
Looks like the dam has broken on an Impeachment Inquiry.
UK or USA?
Adam Price who tried to impeach Tony Blair for Iraq is now Leader of Plaid Cymru. He pointed out today that at the time Boris Johnson wrote an article supporting the idea.
Adam Price is likely to be the first leader out after a General Election.
With Plaid Cymru 2/3 Remain and 1/3 Leave, I cannot conceive of a stupider policy for Plaid Cymru than Immolation for the greater good of Jo Swinson.
I could easily see Plaid Cymru reduced to a single seat after the GE.
Whatever interest Adam Price had in open Government has long gone. He led Plaid Cymru into blocking publication of the report on the death of Carl Sergeant today. Thanks to Adam, details of this murky affair will remain murky.
Hilarity on Twitter though on this - McDonnell calls on Tories to oust Boris presumably to avoid a GE. Its pointed out Raab is first secretary of state, Labour calling for DominIc Raab to be PM!
Eh? Just because he's First Secretary of State doesn't mean he would get picked to be the next PM by the Tories. That's not the case even when we had a Deputy PM, precedence in government hierarchies might not translate to being better able to command the confidence of the House.
If Boris dies tomorrow, Raab is next in line
Yes Raab is almost certainly next Tory leader when Boris goes, he has more Tory membership support than any other potential candidate including Javid and more MP backing than Patel
ITV headlines not buying the semantics from Team Johnson
"The Supreme Court rules that Boris Johnson abused his power and misled the Queen"
My reading of the SC judgement is that they carefully didn't say he had misled the queen. It's a quite important point - the difference perhaps between resigning and not.
You'd need to know what Mr J's legal advice was - and then what he told HM - to know if he had knowingly misled the queen. That material was not provided in evidence, was it? So they could not discuss the issue one way or another. NB though, they didnt' say he didn't fib to the Sovereign.
From the Guardian < Newsflash: It’s all gone wrong for Northern Ireland bus-maker Wrightbus.
Sky News is reporting that Wrightbus, maker of London’s ‘Boris Bus’, will fall into administration on Wednesday.
Deloitte are expected to be appointed as administrators, putting 1,300 jobs at risk.
Sky’s Mark Kleinman says:
Sources close to one of the bidders said on Tuesday evening that the appointment of Deloitte was “almost certain” to happen within 24 hours, putting about 1300 jobs at risk.
The news will represent a devastating blow to Northern Ireland’s manufacturing sector, with the prospects of Wrightbus being salvaged in its current form now understood to be remote
The move means Wrightbus failed in a last-minute dash to find a buyer, following weeks of talks.
Bamford of JCB fame was slotted to buy it but couldnt agree on the rent with the landlord. Odds are it will be bought after debts and some jobs are removed.
Leavers wanted sovereignty and that’s exactly what they’ve got .
British judges deciding on British law . What’s not to like unless of course the decision doesn’t go your way!
I agree that this is the right decision as was the first Miller case. I still genuinely don't know what Boris was trying to achieve with such a provocative and legally dubious (at the time) act.
But one should not confuse the actions and intentions of the judges - which was to uphold the law as they understand it - with the actions and intentions of those opposing the Government. They have only one aim which is to prevent Brexit. All this talk of giving power to Parliament is so much hot air. They certainly wouldn't be doing this if Parliament were more in favour if Brexit. Then they would be scrabbling around to find other ways to stop it.
Still. The ruling is good and closes another constitutional loophole before someone more competent than Boris gets a chance to abuse it.
Hilarity on Twitter though on this - McDonnell calls on Tories to oust Boris presumably to avoid a GE. Its pointed out Raab is first secretary of state, Labour calling for DominIc Raab to be PM!
Eh? Just because he's First Secretary of State doesn't mean he would get picked to be the next PM by the Tories. That's not the case even when we had a Deputy PM, precedence in government hierarchies might not translate to being better able to command the confidence of the House.
If Boris dies tomorrow, Raab is next in line
Yes Raab is almost certainly next Tory leader when Boris goes, he has more Tory membership support than any other potential candidate including Javid and more MP backing than Patel
ITV headlines not buying the semantics from Team Johnson
"The Supreme Court rules that Boris Johnson abused his power and misled the Queen"
My reading of the SC judgement is that they carefully didn't say he had misled the queen. It's a quite important point - the difference perhaps between resigning and not.
Yes, the judgement effectively says that the reasons for the prorogation are irrelevant, it was the effect that mattered.
A possible line we may see taken is thus (in terms of any fightback) Re parliamentary sovereignty, what is the protection against a rogue parliament and a rogue speaker? The electorate. What are this parliament doing? Shutting out the electorate. I have no comment on it other than it's a line they may well take in the us v them battle.
What level of market value are labour proposing selling buy to let’s to tenants? If it was 80% I’d be quite happy to be rid of the place and try and get rid of the money to my kids before it is all drained away paying for my wife’s inevitable care home costs when I’m no longer able to look after her.
Why not sell it on the open market for 100% then?
because everyone will be doing that and house prices will go down
My point was that Nichomar could easily sell his property for 100% of the market value right now, if it's such a burden to him. I find the fact that he doesn't, yet would be willing to take 80% of the market value as dictated to him by the (metaphorical - hopefully) point of a government gun - bizarre.
Yes, sorry, I usually avoid the term 'ordinary people'. It's silly.
What I meant by it in that post was people not particularly well off.
Like checkout staff at Tesco. Just as an example.
the Jezzaplan will make it a bad time to be a housebuilder or a buy for let landlord.
Re buy to let landlords, so it should!
Typical commie wanting spoon fed by the state, will just mean people out on the street. Beggar off to Venezuela or China if you want such crap.
Uh oh, someone's a bit sensitive about their rentier empire being undermined.
I hardly think my one flat rented to two pensioners without rent increase for many years is making me a fortune. I am only keeping it for my grandsons.
Mortgage finance is another issue where the system is biased against the young. For the same occupier, the state owned banks will lend more to a landlord than an owner using the occupiers income. It is hugely unfair and a state handout to the already wealthy at the expense of the young.
Err:
Buy-to-let mortgages are a lot like ordinary mortgages, but with some key differences:
- The fees tend to be much higher.
- Interest rates on buy-to-let mortgages are usually higher.
- The minimum deposit for a buy-to-let mortgage is usually 25% of the property’s value (although it can vary between 20-40%).
One possibility we are ignoring: what if the E.U. decides to offer an extension (or ‘impose’ one under the terms of the Surrender Act).. and they decide it will be 5 years?
Cat pigeon collision.
We could just Revoke and re issue A50. This would shorten the ‘extension’ to just two years.
Yes, sorry, I usually avoid the term 'ordinary people'. It's silly.
What I meant by it in that post was people not particularly well off.
Like checkout staff at Tesco. Just as an example.
the Jezzaplan will make it a bad time to be a housebuilder or a buy for let landlord.
Re buy to let landlords, so it should!
There are plenty of people classed as "buy to let" that aren't really. I had to move from one city to another so am having to rent out my flat. Should people like me be clobbered with ridiculous taxes and unable to pay rent, or else have to sell in a fire sale in a depressed market?
Same position here.
What do we think happens to rents, when supply of property for rent is massively reduced?
Rents will go down. The properties dont disappear, they are either bought by another landlord (no change) or a former tenant becoming an owner.
The tenants who become owners will tend to be the better off tenants. Without them around the remaining landlords will have to drop prices to keep their properties occupied from the remaining tenants who have less income.
It only works like that at the margin. When public policy changes cause one side or the other to change behaviour en masse, the effects can be quite dramatic in the short term.
Also, demand for property to buy is much more related to supply and demand for mortgage finance, than anything else.
Mortgage finance is another issue where the system is biased against the young. For the same occupier, the state owned banks will lend more to a landlord than an owner using the occupiers income. It is hugely unfair and a state handout to the already wealthy at the expense of the young.
You really are stupid, having lots of debt does not make you rich.
What level of market value are labour proposing selling buy to let’s to tenants? If it was 80% I’d be quite happy to be rid of the place and try and get rid of the money to my kids before it is all drained away paying for my wife’s inevitable care home costs when I’m no longer able to look after her.
Why not sell it on the open market for 100% then?
Because I don’t want to evict the tenants who have rented my house to give their children stability with their education.
Given Boris will resign as PM by October 31st rather than extend if a new Brexit Deal has not been agreed with the EU and approved by Parliament by then and given the LDs will vote down a Corbyn government as will Tory anti No Deal rebels only a PM acceptable to the LDs and Tory rebels will do. That probably means PM Ken Clarke or maybe PM Harman or PM Beckett by the end of October.
Boris will be Leader of the Opposition regardless with Corbyn forced to prop up a Clarke or Harman premiership until extension has been passed and Boris then pushes a VONC he will have to support
When's the referendum on the backstop in Northern Ireland?
Requires a Tory majority after the next general election free of the DUP
At which point you will switch to the LDs.
Plus if Boris leads the Tories into opposition he will be deposed as he will appeal neither to the brexiter loons on the one hand or the trying to keep it together proper Conservatives on the other.
As I said you will long have departed to the LDs.
I respect democracy and Boris would have leavers largely united behind him in opposition against the government of diehard Remainer traitors to democracy
You really are an offensive little pillock. There are many people who support/supported remain who have served their country in the armed forces, and they don't need to be accused of being traitors by a pathetic little pipsqueak like you. Boris Johnson is the biggest threat to democracy and the rule of law that I can recall in my 40 odd years of following British politics. The other big threat is the ignorant blind unquestioning loyalty of fools like you. You are the type of person that despots rely on. Your posts are utterly ridiculous and your views are completely beneath contempt.
There is a difference between voting Remain and refusing to respect the winning Leave vote
A possible line we may see taken is thus (in terms of any fightback) Re parliamentary sovereignty, what is the protection against a rogue parliament and a rogue speaker? The electorate. What are this parliament doing? Shutting out the electorate. I have no comment on it other than it's a line they may well take in the us v them battle.
That would only be true if they were preventing an election after June 2022.
Leavers wanted sovereignty and that’s exactly what they’ve got .
British judges deciding on British law . What’s not to like unless of course the decision doesn’t go your way!
I agree that this is the right decision as was the first Miller case. I still genuinely don't know what Boris was trying to achieve with such a provocative and legally dubious (at the time) act.
But one should not confuse the actions and intentions of the judges - which was to uphold the law as they understand it - with the actions and intentions of those opposing the Government. They have only one aim which is to prevent Brexit. All this talk of giving power to Parliament is so much hot air. They certainly wouldn't be doing this if Parliament were more in favour if Brexit. Then they would be scrabbling around to find other ways to stop it.
Still. The ruling is good and closes another constitutional loophole before someone more competent than Boris gets a chance to abuse it.
I genuinely wondered if Boris is announced the prorogation in order to get no confidenced, as it had just been made clear that the various parties would use legislation to force him to ask for an extension. But it didnt' work, as they refuse to kick him out.
It's probably not true that was the plan, but he has totally trapped himself. Utterly powerless, and waiting for the sword of damocles to drop.
Leavers wanted sovereignty and that’s exactly what they’ve got .
British judges deciding on British law . What’s not to like unless of course the decision doesn’t go your way!
I agree that this is the right decision as was the first Miller case. I still genuinely don't know what Boris was trying to achieve with such a provocative and legally dubious (at the time) act.
But one should not confuse the actions and intentions of the judges - which was to uphold the law as they understand it - with the actions and intentions of those opposing the Government. They have only one aim which is to prevent Brexit. All this talk of giving power to Parliament is so much hot air. They certainly wouldn't be doing this if Parliament were more in favour if Brexit. Then they would be scrabbling around to find other ways to stop it.
Still. The ruling is good and closes another constitutional loophole before someone more competent than Boris gets a chance to abuse it.
I appreciate your comments . Whatever side of the debate we’re on today’s decision is important longer term to stop any future PM from going rogue .
From the Guardian < Newsflash: It’s all gone wrong for Northern Ireland bus-maker Wrightbus.
Sky News is reporting that Wrightbus, maker of London’s ‘Boris Bus’, will fall into administration on Wednesday.
Deloitte are expected to be appointed as administrators, putting 1,300 jobs at risk.
Sky’s Mark Kleinman says:
Sources close to one of the bidders said on Tuesday evening that the appointment of Deloitte was “almost certain” to happen within 24 hours, putting about 1300 jobs at risk.
The news will represent a devastating blow to Northern Ireland’s manufacturing sector, with the prospects of Wrightbus being salvaged in its current form now understood to be remote
The move means Wrightbus failed in a last-minute dash to find a buyer, following weeks of talks.
Bamford of JCB fame was slotted to buy it but couldnt agree on the rent with the landlord. Odds are it will be bought after debts and some jobs are removed.
Good luck to them, hope any administration is short and doesn’t cost too many jobs.
They still have a contract to build buses for TfL?
Mortgage finance is another issue where the system is biased against the young. For the same occupier, the state owned banks will lend more to a landlord than an owner using the occupiers income. It is hugely unfair and a state handout to the already wealthy at the expense of the young.
Err:
Buy-to-let mortgages are a lot like ordinary mortgages, but with some key differences:
- The fees tend to be much higher.
- Interest rates on buy-to-let mortgages are usually higher.
- The minimum deposit for a buy-to-let mortgage is usually 25% of the property’s value (although it can vary between 20-40%).
Leavers wanted sovereignty and that’s exactly what they’ve got .
British judges deciding on British law . What’s not to like unless of course the decision doesn’t go your way!
I agree that this is the right decision as was the first Miller case. I still genuinely don't know what Boris was trying to achieve with such a provocative and legally dubious (at the time) act.
But one should not confuse the actions and intentions of the judges - which was to uphold the law as they understand it - with the actions and intentions of those opposing the Government. They have only one aim which is to prevent Brexit. (Snip)
It's far more grey than that in some cases, isn't it? Take Rory Stewart. Once a remainer, but about the only Conservative aside from May willing to really sell May's deal - a deal you also supported (although probably reluctantly) as being Brexit. He was supporting Brexit.
Yet he got the whip withdrawn for voting to stop a no-deal Brexit - i.e. opposing the government.
A possible line we may see taken is thus (in terms of any fightback) Re parliamentary sovereignty, what is the protection against a rogue parliament and a rogue speaker? The electorate. What are this parliament doing? Shutting out the electorate. I have no comment on it other than it's a line they may well take in the us v them battle.
That would only be true if they were preventing an election after June 2022.
I didn't say it was true, I said it's a line they may take. It's no more true than some of the more hyperbolic stuff from the opposition, it's a political line to take. And would possibly resonate. People dont like politicians.
Free presciption, free unis, free social care, free training.
taxes up for top 5%, and corporations
Money forest is blooming
It always amazes me that the left/hard left don't realise that they can put tax rates up as much as they want for the top end but it doesn't always raise more tax.
Do you reckon any of them have ever even heard of Arthur Laffer?
He of the unquantified and unproven curve?
Yer 'avin' a laffer aren't you!?
At what point do you think punitive tax rates cause people to either do less work, restructure their earnings or move abroad?
40% 50%, 60%, 70%?
How’s about corporate tax rates? Where should the U.K. fit into the table?
UAE 0% Ireland 12.5% Singapore 17% Switzerland 18% USA 21% France 31%
We have experience in the 70's under labour where the 83% rate had a significant impact on the amount of tax raised. during the 80s and up until GB raised it the 40% tax rate did bring in more overall tax. There is limited evidence that the change from 50% to 45% did make a difference.
Indeed. There’s good evidence that the personal allowance withdrawal at £100k salary, a 63% rate, is leading to many professionals working less to stay under £100k (or topping up pensions allowances instead).
I think 40-45% is about the top of the curve, certainly 50% is a symbolic point at which people start phoning their accountants.
That's where I'm at.
I was better off not renting my house out this year, such was the craziness of the tax, so it's now vacant pending a sale.
What level of market value are labour proposing selling buy to let’s to tenants? If it was 80% I’d be quite happy to be rid of the place and try and get rid of the money to my kids before it is all drained away paying for my wife’s inevitable care home costs when I’m no longer able to look after her.
Why not sell it on the open market for 100% then?
Because I don’t want to evict the tenants who have rented my house to give their children stability with their education.
Then why not offer to sell it to them for 100% of its value?
The issue here really is compulsion. You're free to give your property away for 20% less than it's worth, which for you might be an act of charity, for someone less fortunate would be madness. The point is you're free to choose. Under Corbyn, you wouldn't be. What if he decided on 50% of the market value? or 20%? or 0%?
Heaven help us, we really are stuffed if (God forbid) we end up with a Corbyn government:
We will redesign the system to serve public health - not private wealth - using compulsory licensing to secure generic versions of patented medicines
That's going the full Venezuela, and also withdrawing from decades of international agreements on patent law (not to mention also requiring us to leave the EU and have no trade deal with them - I wonder how many of the cheering activists figured that out?)
Anyone with a brain knows Corbyn is a hard Leaver.
Leavers wanted sovereignty and that’s exactly what they’ve got .
British judges deciding on British law . What’s not to like unless of course the decision doesn’t go your way!
I agree that this is the right decision as was the first Miller case. I still genuinely don't know what Boris was trying to achieve with such a provocative and legally dubious (at the time) act.
But one should not confuse the actions and intentions of the judges - which was to uphold the law as they understand it - with the actions and intentions of those opposing the Government. They have only one aim which is to prevent Brexit. (Snip)
It's far more grey than that in some cases, isn't it? Take Rory Stewart. Once a remainer, but about the only Conservative aside from May willing to really sell May's deal - a deal you also supported (although probably reluctantly) as being Brexit. He was supporting Brexit.
Yet he got the whip withdrawn for voting to stop a no-deal Brexit - i.e. opposing the government.
I was referring specifically to those opposing the Government in this court case.
Public say Judges right by 49 - 30%. (YouGov) Yet Downing Street seems to be in their own bunker, with everyone closing in on all sides.
If only there were some film with a famous scene occuring in a bunker, where the main character rants and raves in a foreign language, German say, that we could use to satirise the situation, eg through the use of inaccurate but amusing English subtitles.
Could big drug companies just withdraw from the UK?
What % of the market does the UK comprise?
Might they just say "OK, we won't bother doing any business in the UK. Bye!"
It wouldn't be overnight - there is a very large amount of infrastructure here. But it would move fairly rapidly in that direction.
The border checks in Ireland to protect the EU pharmaceutical industry would be... interesting.
Quite how this fits with 'closely aligned to the single market' is a two pipe problem - opium pipe, that is.
Corbyn’s Speech makes it quite clear that he’s massively in favour of no deal Brexit, and I’m not sure all those fawning over him in the hall have worked that out yet.
Most of what he’s proposing is completely against EU law and single market regulations.
The stuff on IP is straight out of Venezuela.
To rapturous applause in a hall full of members [ some of em in the shadow cabinet] who'd struggle to spell pharmaceuticals let alone have a clue how it all works.
Wouldn't most people struggle to spell pharmaceuticals? It's like manoeuvre or Taoiseach.
I'd expect most people in government to have mastered the basics of spelling and some economics!
It's just hilarious. £250bn of investment in infrastructure, £250bn in capital for business and coops, no tuition fees, free ducation for life, free childcare, new Sure Start, nationalisation of rail, mail, water and the national grid, combined with measures to make companies less profitable, net zero emissions by 2030, three new battery plants, and - wait for it - all this to be paid for with no tax increases for 95% of the population.
Boris may be a rogue, but Corbyn is certifiably insane.
What level of market value are labour proposing selling buy to let’s to tenants? If it was 80% I’d be quite happy to be rid of the place and try and get rid of the money to my kids before it is all drained away paying for my wife’s inevitable care home costs when I’m no longer able to look after her.
Why not sell it on the open market for 100% then?
Because I don’t want to evict the tenants who have rented my house to give their children stability with their education.
Then why not offer to sell it to them for 100% of its value?
The issue here really is compulsion. You're free to give your property away for 20% less than it's worth, which for you might be an act of charity, for someone less fortunate would be madness. The point is you're free to choose. Under Corbyn, you wouldn't be. What if he decided on 50% of the market value? or 20%? or 0%?
It would be nice to have the decision taken out of my hands, cop out I know but I think I’m saying that I’m not that worried by this labour policy but have serious concerns about many others.
From the Guardian < Newsflash: It’s all gone wrong for Northern Ireland bus-maker Wrightbus.
Sky News is reporting that Wrightbus, maker of London’s ‘Boris Bus’, will fall into administration on Wednesday.
Deloitte are expected to be appointed as administrators, putting 1,300 jobs at risk.
Sky’s Mark Kleinman says:
Sources close to one of the bidders said on Tuesday evening that the appointment of Deloitte was “almost certain” to happen within 24 hours, putting about 1300 jobs at risk.
The news will represent a devastating blow to Northern Ireland’s manufacturing sector, with the prospects of Wrightbus being salvaged in its current form now understood to be remote
The move means Wrightbus failed in a last-minute dash to find a buyer, following weeks of talks.
Bamford of JCB fame was slotted to buy it but couldnt agree on the rent with the landlord. Odds are it will be bought after debts and some jobs are removed.
Good luck to them, hope any administration is short and doesn’t cost too many jobs.
They still have a contract to build buses for TfL?
its a real kick for Ballymena the local town. They lost nearly 900 jobs when Gallahers the factory beside Wrightbus was closed so that the work could be transferred to Poland.
Mortgage finance is another issue where the system is biased against the young. For the same occupier, the state owned banks will lend more to a landlord than an owner using the occupiers income. It is hugely unfair and a state handout to the already wealthy at the expense of the young.
Err:
Buy-to-let mortgages are a lot like ordinary mortgages, but with some key differences:
- The fees tend to be much higher.
- Interest rates on buy-to-let mortgages are usually higher.
- The minimum deposit for a buy-to-let mortgage is usually 25% of the property’s value (although it can vary between 20-40%).
Public say Judges right by 49 - 30%. (YouGov) Yet Downing Street seems to be in their own bunker, with everyone closing in on all sides.
That 30% is more than enough to shore up the core Tory vote and 49% is still less than half the voters and almost identical to the 48% who voted Remain in 2016
Public say Judges right by 49 - 30%. (YouGov) Yet Downing Street seems to be in their own bunker, with everyone closing in on all sides.
That 30% is more than enough to shore up the core Tory vote and 49% is still less than half the voters and almost identical to the 48% who voted Remain in 2016
Ostracised? By whom? The Labour Party? That other party in competition to hers?
It really is remarkable the number of Labour politicians who consider the Lib Dems a wholly owned subsidiary of theirs, and believe they should be chastened when they don't behave.
I have to hand it to Boris Johnson. His incompetence is on an impressively epic scale. He has managed to come a cropper with every British institution - parliament, the Supreme Court and the Queen - with his prorogation wheeze, while achieving the precise opposite of what he set out to to do.
I feel sorry for @Stark_Dawning having his avatar stolen!
I'll change it back now.
I always liked that photo of Dave
I keep on meaning to do a thread comparing No Dealers to Pétain.
Both made their people suffer when they should have been heroes.
Great War or 1940s? (I know, I know, he did a lot to restore morale amongst the poilus after the mutinies in the trenches).
Both, I find Pétain a fascinating character.
I think he was given a hospital pass in 1940 yet he made a terrible decision worse.
In November 1942, Vichy forces opened fire on Anglo-US forces in North Africa. But they didn't do anything to resist the Germans taking over the Unoccupied Zone, except for scuttling the French Fleet three weeks later.
They're like the ERG hardliners or the Brexit Party.
More interested in scuppering their own side out of a warped and mistaken sense of honour than defeating the common enemy.
Has anyone done the basic arithmetic (ie counting) to work out when GE would in theory be.
If Corbyn waits until after Thurs 31 Oct:
1) If Lab then support motion for a GE on say Mon 4 Nov, 5 weeks from the next Thurs (7 Nov) will be Thurs 12 Dec.
2) But suppose Govt doesn't support motion and Lab then goes VONC route. It's then a minimum of 7 weeks from Thurs 7 Nov which is …………. Thurs 26 Dec! Which is obviously impossible! Which then means going into January.
But wait a minute - that would be within a month of new Brexit deadline of 31 Jan - so would the Commons then need to decide to extend again before dissolving for the GE?
The funny thing was that was the biggest political issue like, for years, when it happened.
We had people on here getting angry about it for days on end.
Honestly George, the Treasury, and pretty much everyone who worked on the budget thought the cut in the higher rate of tax would dominate the reaction to the budget and were bemused and unprepared for the entire focus to be on pasties and caravans.
It was, a bit.
That also polled badly for months afterwards and stopped him cutting it back down to 40%, as he should have.
I have to hand it to Boris Johnson. His incompetence is on an impressively epic scale. He has managed to come a cropper with every British institution - parliament, the Supreme Court and the Queen - with his prorogation wheeze, while achieving the precise opposite of what he set out to to do.
May was merely mediocre.
When will he get to work on the Church of England?
For the first time in my life I'm actually looking at emigrating.
No Deal and Corbyn are going to painfully feck this country like dry anal never before, and I'm one of life's optimists.
The Commons has just blocked No Deal and all the polling shows it is a Tory PM agreeing further extension that leads to PM Corbyn not No Deal
Can’t have no deal until 2022 now unless there is a a long extension.
We can if the Tories win a majority on a Deal or No Deal ticket
In what election?
Not allowing an election for the next 2 years would utterly destroy Labour and the Lib Dems.
How?
It’s a PM with minus twenty something from majority, partly his own making believing advisors telling him he was about to win good majority in imminent election. How exactly does the 2022 election destroy lid dems and labour and the conservatives in good shape for the 2022 election?
Imagine if Jeremy Corbyn potentially had an extra-marital affair with someone who he then funnelled over one hundred thousands pounds of public money to. Do you think the BBC News channel would be ignoring it?
The funny thing was that was the biggest political issue like, for years, when it happened.
We had people on here getting angry about it for days on end.
Honestly George, the Treasury, and pretty much everyone who worked on the budget thought the cut in the higher rate of tax would dominate the reaction to the budget and were bemused and unprepared for the entire focus to be on pasties and caravans.
It was, a bit.
That also polled badly for months afterwards and stopped him cutting it back down to 40%, as he should have.
Thatcher thought 50% was the right level, Lawson (of unsustainable boom and pretending climate change isn't real fame) insisted on 40%. I think Maggie was right on this one.
Has anyone done the basic arithmetic (ie counting) to work out when GE would in theory be.
If Corbyn waits until after Thurs 31 Oct:
1) If Lab then support motion for a GE on say Mon 4 Nov, 5 weeks from the next Thurs (7 Nov) will be Thurs 12 Dec.
2) But suppose Govt doesn't support motion and Lab then goes VONC route. It's then a minimum of 7 weeks from Thurs 7 Nov which is …………. Thurs 26 Dec! Which is obviously impossible! Which then means going into January.
But wait a minute - that would be within a month of new Brexit deadline of 31 Jan - so would the Commons then need to decide to extend again before dissolving for the GE?
it has struck me as odd and I always thought that they should have called for a GE on the first day BJ was PM.
If we had an opposition leader with a moral compass, some brains to think with and the ability to string a sentence together, this government would be out on its arse before the day is out.
As it is it will shamelessly ignore the decision and probably win the next GE. God help us.
Public say Judges right by 49 - 30%. (YouGov) Yet Downing Street seems to be in their own bunker, with everyone closing in on all sides.
30% is about the number you need to win a majority under FPTP...
15% Tories 15% BXP
No one knows what happens to Tory share and Boris ratings when we don’t brexit this year. There’s got to be an argument that his supporters won’t blame him just those who thwarted him. But yeah, Farage is going to mop the Tory vote up isn’t he, at least as far as polling goes.
Mortgage finance is another issue where the system is biased against the young. For the same occupier, the state owned banks will lend more to a landlord than an owner using the occupiers income. It is hugely unfair and a state handout to the already wealthy at the expense of the young.
Err:
Buy-to-let mortgages are a lot like ordinary mortgages, but with some key differences:
- The fees tend to be much higher.
- Interest rates on buy-to-let mortgages are usually higher.
- The minimum deposit for a buy-to-let mortgage is usually 25% of the property’s value (although it can vary between 20-40%).
And now you can't even count it all as a business expense, and you pay more stamp duty, and you pay CGT if you do sell.
If that's a 'state handout to the already wealthy', I'd like to see what you think a penalty is.
Imagine someone earning 50k willing to spend 2k a month on rent but preferring to buy a house. The banks will lend them around 200k if they want to buy.
A landlord can borrow up to £331,034 based on that persons rent of 2k per month.
Comments
In 1940 when Boris Johnson's hero tried to unite France and the UK.
Just imagine if that unification had happened in 1940 or in 1955.
Which makes him and the ERGers interesting bedfellows.
I appreciate that I'll get a lot of derision for saying that, but it's true. It really was a good budget (as subsequent economic data showed), so the opposition and media lumped on to these tiny details, of purely technical interest, since they had nothing else to criticise. What's more, the pasty tax was absolutely fair - Greggs had been 'avin' a larf.
Sky News is reporting that Wrightbus, maker of London’s ‘Boris Bus’, will fall into administration on Wednesday.
Deloitte are expected to be appointed as administrators, putting 1,300 jobs at risk.
Sky’s Mark Kleinman says:
Sources close to one of the bidders said on Tuesday evening that the appointment of Deloitte was “almost certain” to happen within 24 hours, putting about 1300 jobs at risk.
The news will represent a devastating blow to Northern Ireland’s manufacturing sector, with the prospects of Wrightbus being salvaged in its current form now understood to be remote
The move means Wrightbus failed in a last-minute dash to find a buyer, following weeks of talks.
"Free to those who can afford it, very expensive to those who can't" springs to mind.
With Plaid Cymru 2/3 Remain and 1/3 Leave, I cannot conceive of a stupider policy for Plaid Cymru than Immolation for the greater good of Jo Swinson.
I could easily see Plaid Cymru reduced to a single seat after the GE.
Whatever interest Adam Price had in open Government has long gone. He led Plaid Cymru into blocking publication of the report on the death of Carl Sergeant today. Thanks to Adam, details of this murky affair will remain murky.
But one should not confuse the actions and intentions of the judges - which was to uphold the law as they understand it - with the actions and intentions of those opposing the Government. They have only one aim which is to prevent Brexit. All this talk of giving power to Parliament is so much hot air. They certainly wouldn't be doing this if Parliament were more in favour if Brexit. Then they would be scrabbling around to find other ways to stop it.
Still. The ruling is good and closes another constitutional loophole before someone more competent than Boris gets a chance to abuse it.
Re parliamentary sovereignty, what is the protection against a rogue parliament and a rogue speaker? The electorate. What are this parliament doing? Shutting out the electorate.
I have no comment on it other than it's a line they may well take in the us v them battle.
Buy-to-let mortgages are a lot like ordinary mortgages, but with some key differences:
- The fees tend to be much higher.
- Interest rates on buy-to-let mortgages are usually higher.
- The minimum deposit for a buy-to-let mortgage is usually 25% of the property’s value (although it can vary between 20-40%).
https://www.moneyadviceservice.org.uk/en/articles/buy-to-let-mortgages
And now you can't even count it all as a business expense, and you pay more stamp duty, and you pay CGT if you do sell.
If that's a 'state handout to the already wealthy', I'd like to see what you think a penalty is.
It's probably not true that was the plan, but he has totally trapped himself. Utterly powerless, and waiting for the sword of damocles to drop.
They still have a contract to build buses for TfL?
Yet he got the whip withdrawn for voting to stop a no-deal Brexit - i.e. opposing the government.
99.9% of people do not realize the first ‘h’ is between the first ‘p’ and ‘t’
I was better off not renting my house out this year, such was the craziness of the tax, so it's now vacant pending a sale.
We have Osborne to thank for this.
The issue here really is compulsion. You're free to give your property away for 20% less than it's worth, which for you might be an act of charity, for someone less fortunate would be madness. The point is you're free to choose. Under Corbyn, you wouldn't be. What if he decided on 50% of the market value? or 20%? or 0%?
There will be no GNU
https://www.irishexaminer.com/sponsoredcontent/special-report-pharma-and-bio-science-sectors-a-national-success-story-920070.html
Has anyone suggested how the new policy is compatible with either aspect of their Brexit policy, soft deal or remain ?
I can’t see how it could possibly be.
And don't call me Darling.
It really is remarkable the number of Labour politicians who consider the Lib Dems a wholly owned subsidiary of theirs, and believe they should be chastened when they don't behave.
May was merely mediocre.
More interested in scuppering their own side out of a warped and mistaken sense of honour than defeating the common enemy.
If Corbyn waits until after Thurs 31 Oct:
1) If Lab then support motion for a GE on say Mon 4 Nov, 5 weeks from the next Thurs (7 Nov) will be Thurs 12 Dec.
2) But suppose Govt doesn't support motion and Lab then goes VONC route. It's then a minimum of 7 weeks from Thurs 7 Nov which is …………. Thurs 26 Dec! Which is obviously impossible! Which then means going into January.
But wait a minute - that would be within a month of new Brexit deadline of 31 Jan - so would the Commons then need to decide to extend again before dissolving for the GE?
That also polled badly for months afterwards and stopped him cutting it back down to 40%, as he should have.
It’s a PM with minus twenty something from majority, partly his own making believing advisors telling him he was about to win good majority in imminent election. How exactly does the 2022 election destroy lid dems and labour and the conservatives in good shape for the 2022 election?
As it is it will shamelessly ignore the decision and probably win the next GE. God help us.
No one knows what happens to Tory share and Boris ratings when we don’t brexit this year. There’s got to be an argument that his supporters won’t blame him just those who thwarted him. But yeah, Farage is going to mop the Tory vote up isn’t he, at least as far as polling goes.
A landlord can borrow up to £331,034 based on that persons rent of 2k per month.
https://www.landc.co.uk/calculators/buy-to-let-mortgage-calculator/
Obvious outcome: Landlord outbids the tenant
Longer term outcome: The young have little stake in society and turn to Corbynism.
"Look 31 October we're out. Deal or no Deal I don't care. We've done it before and we can do it again."
And these people have a vote.
I don't find any enthusiasm for one, more apathy and boredom with the whole rotten business.