John_M said:

viewcode said:

timmo said:

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.

tyson said:

david_herdson said:

tyson said:

david_herdson said:

TheScreamingEagles said:

George Eaton

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?

david_herdson said:

tyson said:

david_herdson said:

tyson said:

david_herdson said:

TheScreamingEagles said:

George Eaton

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.

John_M said:

viewcode said:

timmo said:

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.

tyson said:

@saddened

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.

david_herdson said:

tyson said:

david_herdson said:

tyson said:

david_herdson said:

TheScreamingEagles said:

George Eaton

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.

rcs1000 said:

Should I need a mortgage to trade up to something slightly more spacious, I'll be sure to talk to you first

tyson said:

david_herdson said:

tyson said:

david_herdson said:

tyson said:

david_herdson said:

TheScreamingEagles said:

George Eaton

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.

tyson said:

@saddened

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.

foxinsoxuk said:

saddened said:

tyson said:

saddened said:

tyson said:

saddened said:

Sandpit said:

stjohn said:

Sandpit said:

HYUFD said:

viewcode said:

HYUFD said:

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.

The £ had a high of $1.577 over the last year
http://www.bbc.co.uk/news/business/market_data/currency/default.stm

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.

foxinsoxuk said:

saddened said:

tyson said:

saddened said:

tyson said:

saddened said:

Sandpit said:

stjohn said:

Sandpit said:

HYUFD said:

viewcode said:

HYUFD said:

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

TheScreamingEagles said:

https://twitter.com/scottreid1980/status/750318728265469953

Tykejohnno said:

Football Trivia -

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.

John_M said:

TheKrakenAwakes said:

"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.

Sean_F said:

foxinsoxuk said:

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.

rcs1000 said:

John_M said:

rcs1000 said:

Charles said:

TOPPING said:

John_M said:

CarlottaVance said:

May tax returns: http://www.theresa2016.co.uk/theresa_publishes_her_tax_returns

Coutts. Of course.

@Charles will be incandescent.

Why? If someone is happy with the service that RBS provides, let them bank there.

I use Adam & Co (which is a subsidiary of RBS), and I've been very happy.

Should I need a mortgage to trade up to something slightly more spacious, I'll be sure to talk to you first

You could probably buy my entire village for that price. London. So crazy.

I bet that - when that house finally transacts - it will be for less than 10m.

@Charles: remember Syon Lodge

timmo said:

Surely the deval will push house prices in london up as overseas investors see a cheap asset opportunity

TheKrakenAwakes said:

John_M said:

TheKrakenAwakes said:

"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

timmo said:

Surely the deval will push house prices in london up as overseas investors see a cheap asset opportunity

viewcode said:

HYUFD said:

viewcode said:

HYUFD said:

alex. said:

HYUFD said:

viewcode said:

HYUFD said:

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.

The £ had a high of $1.577 over the last year
http://www.bbc.co.uk/news/business/market_data/currency/default.stm

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.

rcs1000 said:

Sean_F said:

foxinsoxuk said:

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.

viewcode said:

HYUFD said:

viewcode said:

HYUFD said:

alex. said:

HYUFD said:

viewcode said:

HYUFD said:

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.

The £ had a high of $1.577 over the last year
http://www.bbc.co.uk/news/business/market_data/currency/default.stm

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.

Charles said:

rcs1000 said:

John_M said:

rcs1000 said:

Charles said:

TOPPING said:

John_M said:

CarlottaVance said:

May tax returns: http://www.theresa2016.co.uk/theresa_publishes_her_tax_returns

Coutts. Of course.

@Charles will be incandescent.

Why? If someone is happy with the service that RBS provides, let them bank there.

I use Adam & Co (which is a subsidiary of RBS), and I've been very happy.

Should I need a mortgage to trade up to something slightly more spacious, I'll be sure to talk to you first

You could probably buy my entire village for that price. London. So crazy.

I bet that - when that house finally transacts - it will be for less than 10m.

@Charles: remember Syon Lodge

Did Syon Lodge ever sell?

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

TheKrakenAwakes said:

John_M said:

TheKrakenAwakes said:

John_M said:

TheKrakenAwakes said:

"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

John_M said:

IanB2 said:

timmo said:

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.

rcs1000 said:

Charles said:

rcs1000 said:

John_M said:

rcs1000 said:

Charles said:

TOPPING said:

John_M said:

CarlottaVance said:

May tax returns: http://www.theresa2016.co.uk/theresa_publishes_her_tax_returns

Coutts. Of course.

@Charles will be incandescent.

Why? If someone is happy with the service that RBS provides, let them bank there.

I use Adam & Co (which is a subsidiary of RBS), and I've been very happy.

Should I need a mortgage to trade up to something slightly more spacious, I'll be sure to talk to you first

You could probably buy my entire village for that price. London. So crazy.

I bet that - when that house finally transacts - it will be for less than 10m.

@Charles: remember Syon Lodge

Did Syon Lodge ever sell?

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 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.)

John_M said:

IanB2 said:

timmo said:

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.

kle4 said:

Just catching up, Fox backed May? Didn't see that coming.

TheScreamingEagles said:

Paging Robert, you might wish to have words with the Daily Mail about the husbands who fly in first class whilst their wives sit in peasant class

https://twitter.com/suttonnick/status/750438341825396736

timmo said:

John_M said:

IanB2 said:

timmo said:

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

SimonStClare said:

kle4 said:

Just catching up, Fox backed May? Didn't see that coming.

Crabb too - perhaps there is something to experience over tribalism?

SimonStClare said:

kle4 said:

Just catching up, Fox backed May? Didn't see that coming.

Crabb too - perhaps there is something to experience over tribalism?

foxinsoxuk said:

Jobabob said:

Tykejohnno said:

Football Trivia -

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.

DecrepitJohnL said:

SimonStClare said:

kle4 said:

Just catching up, Fox backed May? Didn't see that coming.

Crabb too - perhaps there is something to experience over tribalism?

Or cynicism -- back the winner to get a good job.

TheScreamingEagles said:

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.

foxinsoxuk said:

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.

TheScreamingEagles said:

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.

rcs1000 said:

timmo said:

John_M said:

IanB2 said:

timmo said:

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.