Knowledge of what though. Applied technical knowledge ** is usually much more useful than educational knowledge. So we now have increasing numbers of urban based, indebted, educated proles with littl… (View Post)

The way you casually talk about buying a £1.6m property in 2005 shows how niche your example is. Incidentally someone taking out a large mortgage in 2005 would have benefitted from over a decade of Z… (View Post)

Anyone with a £3m house is likely to have millions in savings, pensions and investments. The number of people with £3m houses is tiny and those that do without having the other financial assets is a … (View Post)

The effect varies between socioeconmic demographics. A lower exchange rate works very well for the middle aged who work in export industries and have DC pensions. (View Post)

They think that the banks would fund more welfarism. What they would get is the taxpayer funding higher interest payments to the banks. (View Post)