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I’m very unhappy.
Once upon a time, I bought my house, using my savings I had accrued from going to work as a deposit. I restricted myself to 3 times my decentish income. I bought a modern 2 bed mid-terrace as it was all I could afford. I duely made my repayment from going to work. Alonside this I managed to make some modest, but regaular payemnt into a pension plan and also into savings accounts. Over time I’ve built up a reasonable, certainly not massive, amount. In short, I was Mr Incapability Browns favouite word – Prudent. When I bought my house I didn’t:
# take out more than I could reasonably aford to repay.
# didnt take out the ‘free’ gifts from the banks
# rush out to Land Of Leather for a new sofa to compliment my new brick chicken coup.
# Buy the latest 40 inch plasma to decorate the wall.
# Go on expensive holidays.Nope, I didnt do any of those things. I sat on the sofa which I was given, watching the large backed telly which I was given. I even went to work in my fully MOT’d 5 year old car. Yes, prudent.
I am now thouroughly p1ssed off to the back teeth. I feel punished. We’ve had to bail out banks, had our taxes raised, protect mortgages and now seen my savings rates slashed to effectively zero, and I’m right mugged off about it.
Mr Incapability Brown seems to be addicted to lending, and to hell with the saver. Isn’t it all this lending and debt what got us into this mess in the first place? yet he seems intent on loading more and more upon everyone.Fnally, anyone any idea what I should do with my savings now?
And as an aside, can someone explain to me why Incapbility’s popularity is apparently growing??
I’m very unhappy.
Once upon a time, I bought my house, using my savings I had accrued from going to work as a deposit. I restricted myself to 3 times my decentish income. I bought a modern 2 bed mid-terrace as it was all I could afford. I duely made my repayment from going to work. Alonside this I managed to make some modest, but regaular payemnt into a pension plan and also into savings accounts. Over time I’ve built up a reasonable, certainly not massive, amount. In short, I was Mr Incapability Browns favouite word – Prudent. When I bought my house I didn’t:
# take out more than I could reasonably aford to repay.
# didnt take out the ‘free’ gifts from the banks
# rush out to Land Of Leather for a new sofa to compliment my new brick chicken coup.
# Buy the latest 40 inch plasma to decorate the wall.
# Go on expensive holidays.Nope, I didnt do any of those things. I sat on the sofa which I was given, watching the large backed telly which I was given. I even went to work in my fully MOT’d 5 year old car. Yes, prudent.
I am now thouroughly p1ssed off to the back teeth. I feel punished. We’ve had to bail out banks, had our taxes raised, protect mortgages and now seen my savings rates slashed to effectively zero, and I’m right mugged off about it.
Mr Incapability Brown seems to be addicted to lending, and to hell with the saver. Isn’t it all this lending and debt what got us into this mess in the first place? yet he seems intent on loading more and more upon everyone.Fnally, anyone any idea what I should do with my savings now?
Buy gold and shares in BA.
Just seen this on Robert Pestons blog, and it made me
Our take on 2009? Universally BROWN.
Dull flat and uninspiring, whether that applies to GB Ltd, or GB (CEO GB Ltd, extremely Ltd. ).
Commodities will bottom out as will the markets, at 20% off where they are now.
More arrests will be made, as Capability Brown, is shown to be increasingly less so.
People will begin to realise what the color Brown, is reminiscent of, and its aroma (see… ‘Brownian Motion’: a phenomena which used to be taught in what were quaintly called ‘physics lessons’. Until 2004, children were cruelly forced to ‘get their heads around’ such difficult concepts if they wanted to get on a science course at Uni).
And Mystic Mog will point out that the French for ‘Brun’ is only a letter away from the old name for a Bear. We will be talking about ‘Brown Markets’ as well as ‘In a Brown study’
In short 2009 will be universally Brown, in all its possible connotations, and the famous Cherie Blair quote, so aptly made on the anouncement of her last pregnancy, and so neatly repeated by Ian Hislop:
‘We had forgotten how tedious Labour can be’
will ring down the annals of history, as the most apt comment ever made by a ‘first lady’.
A dreary procession of bankruptcies, foreclosures, job losses, pensiondectomies, and a decimation of the High Street will continue. As the BBC, mindful of its public duty, assures us that ‘without GB, it would have been MUCH WORSE’.
From the April 2009 Daily Mail:
"George Innocent, was driving his Discovery along the Strand, when a policeman flagged him down, and, pulling over to the kerb, he was immediately clamped by a parking attendant for ‘parking in a controlled zone’ and was instantly leapt upon by 20 armed officers on suspicion of ‘leaving a possibly exploding car, and a 4WD at that, in a position of national insecurity’. Later, after being arrested for resisting arrest, he was charged with being in possession of state secrets before it was realized that the laptop found in his car was in fact dropped by one of the arresting officers. He was finally charged and convicted of wasting police time, after having confessed for no apparent reason, to the Gunpowder plot and supporting Napoleon.
His fine, of �25,000 was held by the judge to be ‘punitive, but fair’ : ‘We have to offset to some extent the extraordinary amount of public money this man has wasted by his frivolous actions. We have little enough police resource as it is to cope with the daily domestic violence at No 10, without it being wasted on people like these: besides he can always sell his Discovery’. On being pointed out that the going rate for 5 year old Disco was in fact less than the cost of a loaf of bread at Tescos ( �135.23p) the Judge remarked’ well let him eat cake, instead. It’s gas guzzling antisocial people like this that have put the country in the state its in: He is lucky not to be given an ASBO’."
Meanwhile, the National Debt indicator is paralleled by the Genocide indicator, put up by Amnesty to count the number of people killed in the world as a result of direct action by ‘insurgents’ and ‘state sponsored armed militia’ or masterful inaction by governments who simply find it all to tedious to stop.
Additionally complex derivative financial instruments will be sold and traded, based on interesting combinations of which will run out first, money, people, oil, medicines, military ammunition or peoples’ patience with the color Brown.
Suicide rates among whistleblowers and Opposition MPs will rise to alarming proportions.
And the shoe industry will be nationalised, and all imports of foreign shoes will cease. Shoes will be one size fits all (for a "fairer Britain") and in only one Colour.
Brown.
Another one I liked
There is an old saying which explains political systems which goes something like this
SOCIALISM
You have 2 cows.
You give one to your neighbour.COMMUNISM
You have 2 cows.
The State takes both and gives you some milk.TRADITIONAL CAPITALISM
You have two cows.
You sell one and buy a bull.
Your herd multiplies, and the economy grows.
You sell them and retire on the income.The email is doing the rounds at the moment. Well we now have the 2008 addition…
NU-LABOUR FREE MARKET CAPITALISM
You have two cows.
You sell three of them to your publicly listed company, using letters of credit opened by your brother-in-law at the bank, then execute a debt/equity swap with an associated general offer so that you get all four cows back, with a tax exemption for five cows.
The government commends you as an example of British success.
The milk rights of the six cows are transferred via an intermediary to a Cayman Island Company secretly owned by the majority shareholder who sells the rights to all seven cows back to your listed company.
The government gives you an honour in the new years list.
The annual report says the company owns eight cows, with an option on one more.
You sell one cow to make a donation to Nu-Labour, leaving you with nine cows.
No balance sheet provided with the release.
The public then buys your bull.The emphasis over here is to encourage consumer spending, but isn’t that part of the problem anyway?
If people had applied the principles of Alchemist, then we would have a far stronger base to the economy in general. A lot of people are going to lose their jobs here in the coming months and many are maxed out now with credit on the incomes they presently have.
Is saving for something in the future a thing of the past, heaven forbid we ever have to wait to purchase anything?
I guess the chickens will eventually come home to roost……..then what?
Over the past few years I’ve managed to put a bit away in isa’s as a sort of crisis fund so that I can pay for anything in my house that needs replacing; I’ve bought a new car with % interest over 3 years because I was spending a fortune trying to keep my old car on the road, so as far as I’m concerned my savings are what they are minus the money that I owe on the car..I was horrified to find out that I was now only getting @ 2.6% interest on my savings; I have always believed that anyone who is in need of help in this country should get it, and when I was younger and richer I always said that I would gladly have a bit less myself if it meant that others that need it would be helped..I now feel though that the people that are being supported are the live for today pay later brigade and, yes, it annoys me..although I do blame a society that has encouraged people to expect everything instantly and I don’t think that it is neccessarily this government that started all that..bah humbug…..
A disgraceful Panarama just been screened in my opinion.
Hardly once was the oportunity taken to investigate just what part the disgusting Gordon Brown and his disgraceful Zanu-Labour party had in all this business.
Just give further time to help labour distract from their part, and help in their ‘its every body else’s fault’ propaganda machine.
Pathetic from the BBC. I do wonder sometimes what exactly is my licence fee for.
There you go, rant over!!
No use of the BoE statement that interest rates are a ‘blunt tool’ (see his blog). Wouldn’t this blow out of the water one of Gordon’s great ‘co-ordinated world action’ tripe.
No question if Gordon Brown had known if this was coming. If not, why not? (question nicked off Pestons blog)
Did Goron Brown actively encourage this behaviour in his 11 year stint as Prudent, best chancellor ever, Brown. If so, how?
How does all this fit in with Brown ‘no more boom and bust’ statement. Oops, forgot, he didnt really say that did he.
Pathetic effort from the BBC in my opinion.
Sorry rant over again
I’m not sure whether this bit was screened or not, and apologies if it was, but this statement from the Deputy Govenor casts some doubt over the caim that the taxpayer will end up with a long term profit:
[i:3f0wssjl]Sir John also raised questions over whether taxpayers would get back all of the money the government has now invested in the banking sector.
“There are some books: Northern Rock, Bradford & Bingley, which the taxpayer’s now holding, which clearly have a level of defaults in them, not quite sure how that will balance out against the residual of the capital,” he said.[/i:3f0wssjl]
This follows from the news last week that additional writedowns by the banks have left the taxpayer sitting on an addition £7 bilion decifit for the bank bailout. The propagana ministry don’t want us to know that though.
Sorry if this sounds like a really thick question but can’t seem to find an answer online!
I paid £3,000 into a cash ISA in December last year,
Now we are in a new financial year with a limit of £5340 (I think) does that mean I can pay in £5340 this year or only £2340 to make it up to the £5340 total as I already have £3k in there?
Confused!!!
The 5K+ is the annual allowance you can add in any one tax year, so you can add all that now we are in a ‘new year’
You could have made up last year’s 3K to the 5K on April 4th and paid in the next year’s 5K on April 6th
I think
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