Totally love your positivity Paul. Wish it was infectious.. I'd love to catch it. We need more of you!Paul Waine wrote: ↑Sat Jun 11, 2022 10:58 amHi 47, I thought about it for a while, then decided your post deserved a "like." Yes, there are similarities in seeking to tackle financial challenges as we are experiencing following the end of the pandemic and the challenges BFC faces in meeting the challenges of maintaining a football club in the Premier League and the Championship.
UTC
Cost of Living
-
- Posts: 4197
- Joined: Thu Jan 21, 2016 8:58 am
- Been Liked: 2327 times
- Has Liked: 2701 times
- Location: Isles of Scilly
Re: Cost of Living
Re: Cost of Living
Landlords provide a service. There are good and bad ones. I used to rent to people on benefits. As soon as rules were changed so the local authority didn’t pay me I didn’t bother and sold them. Paying rent want high on their list of priorities generally. Current rules don’t make it easy to evict bad tenants. Also council housing should not be fold off on the cheap when there is low stock and then these people be allowed to sell on the open market making huge profits.
-
- Posts: 3979
- Joined: Mon May 28, 2018 3:00 pm
- Been Liked: 1857 times
- Has Liked: 652 times
Re: Cost of Living
Aye, and this shower of a govt is talking about selling off more social housing, but this time the buyers can use Housing Benefits to finance the mortgage repayment.
Re: Cost of Living
Get yourself to Aldi. I nipped in last week for some milk and found myself having a walk around - picked up a few items: Curry Kievs (must try if you haven't, by the way), chicken, steaks.. got to the till expecting it to be around £30... £16.xx - couldn't believe it. I normally shop from Tesco but haven't been to Aldi in about 10 years. Cheap as!Foreverly Claret wrote: ↑Sat Jun 11, 2022 9:50 amIt's not the big increases that surprise me..they're usually well documented in the media . Its the many little things .I was doing our shopping in Tesco yesterday and I usually buy an apple pie .Last week I paid £ 1.25 for the pleasure...yesterday it was £ 1.50..that's a 20% increase in a week ! My old dad used to say you can only spend a £ once which is not particularly profound but continuing the pie analogy , that's £ 0.25 that I won't be spending somewhere else and if you extrapolate that the implications for the economy are stark...some businesses will suffer badly .Before I get an avalanche of criticism I really do appreciate that in the current circumstances there are many people who would be very grateful if they could afford a pie anyway but the wider point is the overall impact on the economy .It's scary.
-
- Posts: 6576
- Joined: Sun Jan 03, 2016 4:42 pm
- Been Liked: 1233 times
- Has Liked: 56 times
Re: Cost of Living
I don’t wish to get into and argument and won’t.Swizzlestick wrote: ↑Sat Jun 11, 2022 12:38 amNone of this is true. The only major change has been in relation to mortgage interest - this was previously a wholly allowable expense but now isn’t (but you can still claim in the form of a tax reducer at 20%).
It’s not entirely surprising to learn landlords are willing to lie to their friends about their financial responsibilities just as much as they are to everybody else.
I was considering buying a couple of houses to rent out instead of investing.
My friend sent me his financial spreadsheet which covered several years, he made around 4-5% last year.
I got him investing a few back and he made considerable more in a year, his first year was around 16%. Which means he sold 1 house when the tenant left and he has given notice to a second tenant as he is going to sell a second house.
The figures just don’t add up to be a landlord when you can earn more with far less effort and risk.
I will email him with landlords comments on here and see what he says.
-
- Posts: 2257
- Joined: Sun Jan 24, 2016 10:41 am
- Been Liked: 426 times
- Has Liked: 219 times
Re: Cost of Living
My employer is giving every employee an extra £1000 in their June salaries to help with the rise in the cost of living. Unfortunately it’s just a one off but much appreciated
-
- Posts: 14571
- Joined: Thu Feb 01, 2018 9:55 am
- Been Liked: 3437 times
- Has Liked: 6339 times
Re: Cost of Living
I think that's always been an option, or was many years ago, because it's reliable income like a wage.Billy Balfour wrote: ↑Sat Jun 11, 2022 5:41 pmAye, and this shower of a govt is talking about selling off more social housing, but this time the buyers can use Housing Benefits to finance the mortgage repayment.
-
- Posts: 3979
- Joined: Mon May 28, 2018 3:00 pm
- Been Liked: 1857 times
- Has Liked: 652 times
Re: Cost of Living
It 100 per cent isn't. Try walking into a bank for a mortgage and telling them you are going to finance the purchase with your Housing Benefit - you'd be out of the door in less than five minutes.
Do you think it's a good idea for banks to lend very large sums of money to people who qualify for HB? The benefit is means treated for good reasons, and most housing benefit claimants are the very low-paid and unemployed. I also don't think that most taxpayers will be happy to pay for it.
This is a subprime disaster waiting to happen, not to mention the fact that it will reduce our already depleted social housing stock. I can't believe a Conservative Govt has come up with this fiscal mess of a policy. It's a disaster waiting to happen.
Do you think it's a good idea for banks to lend very large sums of money to people who qualify for HB? The benefit is means treated for good reasons, and most housing benefit claimants are the very low-paid and unemployed. I also don't think that most taxpayers will be happy to pay for it.
This is a subprime disaster waiting to happen, not to mention the fact that it will reduce our already depleted social housing stock. I can't believe a Conservative Govt has come up with this fiscal mess of a policy. It's a disaster waiting to happen.
-
- Posts: 14571
- Joined: Thu Feb 01, 2018 9:55 am
- Been Liked: 3437 times
- Has Liked: 6339 times
Re: Cost of Living
I had a quick Google and yes it is possible.Billy Balfour wrote: ↑Sat Jun 11, 2022 9:19 pmIt 100 per cent isn't. Try walking into a bank for a mortgage and telling them you are going to finance the purchase with your Housing Benefit - you'd be out of the door in less than five minutes.
Do you think it's a good idea for banks to lend very large sums of money to people who qualify for HB? The benefit is means treated for good reasons, and most housing benefit claimants are the very low-paid and unemployed. I also don't think that most taxpayers will be happy to pay for it.
This is a subprime disaster waiting to happen, not to mention the fact that it will reduce our already depleted social housing stock. I can't believe a Conservative Govt has come up with this fiscal mess of a policy. It's a disaster waiting to happen.
-
- Posts: 3979
- Joined: Mon May 28, 2018 3:00 pm
- Been Liked: 1857 times
- Has Liked: 652 times
Re: Cost of Living
Oh well. I'm sure you'll have the banks queuing up to give you a mortgage, but I wouldn't hold my breath.
-
- Posts: 3979
- Joined: Mon May 28, 2018 3:00 pm
- Been Liked: 1857 times
- Has Liked: 652 times
Re: Cost of Living
By the way, means-tested benefits aren't classed as reliable income, unlike pensions etc.
-
- Posts: 12373
- Joined: Sun Oct 30, 2016 2:43 pm
- Been Liked: 5211 times
- Has Liked: 921 times
Re: Cost of Living
Anyone concerned or confused about how this benefits for bricks scheme will work in practice needn't worry. if you listen to what peoples champion Theresa Cofey has to say you will see it sounds like a jolly good idea supported by a well thought out plan.
https://twitter.com/MarinaPurkiss/statu ... 2550004736
https://twitter.com/MarinaPurkiss/statu ... 2550004736
-
- Posts: 2546
- Joined: Tue Jan 26, 2016 1:18 pm
- Been Liked: 723 times
- Has Liked: 2035 times
- Location: Computer matrix, IP not found- current code: 00101110100101001100100 1011101010100010101101010100100
Re: Cost of Living
What happens when they have paid off the house? Do they then sell it, bag the money then claim another house to stay in?
-
- Posts: 3979
- Joined: Mon May 28, 2018 3:00 pm
- Been Liked: 1857 times
- Has Liked: 652 times
Re: Cost of Living
You can't have more than 16K in savings to claim HB. I suppose they could sell their taxpayer-bought house, and go around the world spending free money like Billy-O, then come back and do it all again.
-
- Posts: 3979
- Joined: Mon May 28, 2018 3:00 pm
- Been Liked: 1857 times
- Has Liked: 652 times
Re: Cost of Living
Anyway, the whole thing is bonkers. Let's lend hundreds of thousands of pounds to people won't be able to pay it back unless they receive DSS Housing Benefit.
Re: Cost of Living
Welcome to uptheclarets.com
-
- Posts: 10171
- Joined: Mon Apr 09, 2018 1:59 pm
- Been Liked: 4188 times
- Has Liked: 57 times
Re: Cost of Living
fatboy47 wrote: ↑Sat Jun 11, 2022 9:10 amThere's a mountain of envy flying around this thread.
I rent out a number of properties in Somerset..and in my view I provide an essential service to the community.All properties are of a high standard, well maintained with rents kept only negligbly above inflation rates.
We live in a free market economy not a authoritarian state.
Witchhunts against private landlords are simply turning attention away from the real problems caused by low housebuilding figures.
This place stinks of envy whenever there is any kind of thread regarding money.
Such an ugly trait in people, living a life full of jealousy and resentment is such a waste
These 2 users liked this post: fatboy47 evensteadiereddie
-
- Posts: 18106
- Joined: Thu Jan 21, 2016 10:35 am
- Been Liked: 3875 times
- Has Liked: 2073 times
Re: Cost of Living
Another thing which won't help, that I came across this weekend, was people renting nice houses (multiple) and putting them on airBnB.GodIsADeeJay81 wrote: ↑Sat Jun 11, 2022 11:00 amThat's why I said housing companies and not just councils.
We have a similar set up here in Oxfordshire and also next door in Berkshire.
Every lot of new builds round here has to have X amount made available for social housing as part of the deal.
Where my ex lives with our daughter is one such house, she was the first tenant to move in (she only got it because others didn't want it because it wasn't on a bus route and a mile or so from any shops )
In regards to people moving towns, I met a woman from London who'd been bribed to move out of London by her local council, to free up social housing there and her family picked Burnley.
That was nearly 20yrs ago and they're still in the area last time I saw her.
This trick has been tried again and it made the national news recently because people didn't want to go live in Stoke etc, they wanted to remain in London.
Against a lot of rules I think, but very profitable.
-
- Posts: 327
- Joined: Sun Sep 08, 2019 9:59 am
- Been Liked: 75 times
- Has Liked: 2 times
Re: Cost of Living
Live with my girlfriend. Both work.
Haven’t made any changes as of yet, still plodding on with home improvements and so on. Have noticed I have less spare money a month 100% but I’m fortunate enough I can eat that up without it hurting me.
I do feel for families and those who live month to month. If anyone is familiar with the programme ‘rich house, poor house’ it’s a real eye opener to those daily struggles millions face and that was before all these recent increases. It’s only going to get worse. Worrying times for many.
Haven’t made any changes as of yet, still plodding on with home improvements and so on. Have noticed I have less spare money a month 100% but I’m fortunate enough I can eat that up without it hurting me.
I do feel for families and those who live month to month. If anyone is familiar with the programme ‘rich house, poor house’ it’s a real eye opener to those daily struggles millions face and that was before all these recent increases. It’s only going to get worse. Worrying times for many.
-
- Posts: 5642
- Joined: Thu Jan 21, 2016 11:55 pm
- Been Liked: 766 times
- Has Liked: 499 times
- Location: Devon
Re: Cost of Living
Lazy Tory git alert https://www.bbc.co.uk/news/uk-england-norfolk-68133873
-
- Posts: 16923
- Joined: Fri Jan 22, 2016 4:37 pm
- Been Liked: 6970 times
- Has Liked: 1484 times
- Location: Leeds
Re: Cost of Living
Lazy in what way?South West Claret. wrote: ↑Mon Jan 29, 2024 7:02 pmLazy Tory git alert https://www.bbc.co.uk/news/uk-england-norfolk-68133873
-
- Posts: 1203
- Joined: Thu Nov 24, 2022 11:47 am
- Been Liked: 577 times
- Has Liked: 171 times
Re: Cost of Living
I don't know about lazy, but he says he's financially poorer than he was a few years ago. Join the ******* club, mate.
This user liked this post: evensteadiereddie
Re: Cost of Living
To be fair, it's pretty clear he's quitting his ministerial role so he can take on a high paying (and I'm sure awarded only on merit) second job.South West Claret. wrote: ↑Mon Jan 29, 2024 7:02 pmLazy Tory git alert https://www.bbc.co.uk/news/uk-england-norfolk-68133873
Re: Cost of Living
Your bigotry shines through here. At least he's being honest, they are human at the end of the day.South West Claret. wrote: ↑Mon Jan 29, 2024 7:02 pmLazy Tory git alert https://www.bbc.co.uk/news/uk-england-norfolk-68133873
The Tories need not worry too much as in a few months they'll all be out of government, let's see how that works out for the country.
Re: Cost of Living
It can only get better, surely.
-
- Posts: 9601
- Joined: Thu Jan 21, 2016 9:45 pm
- Been Liked: 3150 times
- Has Liked: 10260 times
- Location: Staffordshire
Re: Cost of Living
Not necessarily but at least we can hope that any decisions made will be for the good of the country and not just the usual chosen few.
Re: Cost of Living
Certainly won't change with the Tories in power.evensteadiereddie wrote: ↑Tue Jan 30, 2024 7:57 pmNot necessarily but at least we can hope that any decisions made will be for the good of the country and not just the usual chosen few.
Re: Cost of Living
The fact that he can pack in his £120,000 job for an £80,000 job plus a part time second one, and be better off, tells you all you need to know.
What will this second job be? It can’t be much if he’s putting all his effort into his constituency can it? It will be a glorified lobbying position, where he’s paid to try to influence policy decisions. Or perhaps a position where he can invest a little to gain more with minimum effort.
What will this second job be? It can’t be much if he’s putting all his effort into his constituency can it? It will be a glorified lobbying position, where he’s paid to try to influence policy decisions. Or perhaps a position where he can invest a little to gain more with minimum effort.
Re: Cost of Living
Sounds like a sensible decision to me.
Ministerial positions in this country are not well paid, it's easier to earn more in a private sector role usually with more security and benefits.
Ministerial positions in this country are not well paid, it's easier to earn more in a private sector role usually with more security and benefits.
-
- Posts: 5642
- Joined: Thu Jan 21, 2016 11:55 pm
- Been Liked: 766 times
- Has Liked: 499 times
- Location: Devon
Re: Cost of Living
Depends what you are comparing them against, in general I think most people who are thinking in a balanced way would disagree with you.
Re: Cost of Living
£86k there or there abouts for a MP, you can nearly earn that much working in a supervisory engineering role.
Might seem like a lot compared to minimum wage, but in bang for buck terms I don't think it's that great.
Might seem like a lot compared to minimum wage, but in bang for buck terms I don't think it's that great.
-
- Posts: 9601
- Joined: Thu Jan 21, 2016 9:45 pm
- Been Liked: 3150 times
- Has Liked: 10260 times
- Location: Staffordshire
Re: Cost of Living
Add the perks an MP receives and it's not a bad do at all.
-
- Posts: 986
- Joined: Thu Jan 21, 2016 8:44 am
- Been Liked: 170 times
- Has Liked: 45 times
-
- Posts: 524
- Joined: Sun Jul 31, 2022 9:53 pm
- Been Liked: 216 times
- Has Liked: 113 times
Re: Cost of Living
They generally claim around £250k in expenses, which can cover nearly all their general costs of living, so it's definitely a good shout.
Re: Cost of Living
The cost of living crisis in the main has been caused by the pandemic payback plus the Russian war, not withstanding that the disastrous Truss premiership has compounded the issue.
Re: Cost of Living
That expenses figure is a bit misleading though as it includes running their constituency offices so has staff and other business costs in there.AmbleClaret wrote: ↑Wed Jan 31, 2024 1:49 pmThey generally claim around £250k in expenses, which can cover nearly all their general costs of living, so it's definitely a good shout.
-
- Posts: 2116
- Joined: Fri Jan 22, 2016 9:23 pm
- Been Liked: 1165 times
- Has Liked: 94 times
- Location: your mum
Re: Cost of Living
Some completely made up facts on here.
Show me how they claim £250k in personal expenses
Show me how they claim £250k in personal expenses
Re: Cost of Living
I didn't say that did I. I don't think it's amazing pay for someone who contributes to the running of the country now. It's all relative.
-
- Posts: 2072
- Joined: Mon Jul 16, 2018 4:49 pm
- Been Liked: 819 times
- Has Liked: 26 times
Re: Cost of Living
The PM’s salary is “only” about £170k. A CFO at a decent sized firm will be on double that.
To put it into a bit of context, an MP’s salary is equivalent to that of a mid-ranged senior manager at a big 4 accounting firm.
To put it into a bit of context, an MP’s salary is equivalent to that of a mid-ranged senior manager at a big 4 accounting firm.
Re: Cost of Living
Do they actually pay the PM. FFS. !claret2018 wrote: ↑Wed Jan 31, 2024 2:54 pmThe PM’s salary is “only” about £170k. A CFO at a decent sized firm will be on double that.
To put it into a bit of context, an MP’s salary is equivalent to that of a mid-ranged senior manager at a big 4 accounting firm.
-
- Posts: 524
- Joined: Sun Jul 31, 2022 9:53 pm
- Been Liked: 216 times
- Has Liked: 113 times
-
- Posts: 6533
- Joined: Sun Jan 31, 2016 4:06 pm
- Been Liked: 983 times
- Has Liked: 205 times
Re: Cost of Living
What do these individuals potentially earn once they leave office? Theresa May and Boris Johnson are raking it in apparently. It was claimed that Boris could no longer afford to remain in office as PM because the lucrative offers available to him could not be taken up.claret2018 wrote: ↑Wed Jan 31, 2024 2:54 pmThe PM’s salary is “only” about £170k. A CFO at a decent sized firm will be on double that.
To put it into a bit of context, an MP’s salary is equivalent to that of a mid-ranged senior manager at a big 4 accounting firm.
-
- Posts: 9601
- Joined: Thu Jan 21, 2016 9:45 pm
- Been Liked: 3150 times
- Has Liked: 10260 times
- Location: Staffordshire
Re: Cost of Living
True, I think Nadine Dorries had both of her daughters on the payroll (may explain why she was so slow in quitting) and plenty of others like Johnny Mercer are employing their other half.daveisaclaret wrote: ↑Wed Jan 31, 2024 2:39 pmImportant to note how many of them use this to give a family member a wage, though.
But, I'm pretty sure the rules on this changed a few years ago and it was only allowed to continue where it was already happening so it should be gradually phased out.
Re: Cost of Living
Since the scandal in the early 2000s I can't see anything shocking. Looking at our own Burnley MP he's claimed about £50k in the last 12 months, which includes rent on the office, staffing it, travel and accommodation in west minster. Seems fairly reasonable to me.AmbleClaret wrote: ↑Wed Jan 31, 2024 3:03 pmGoogle MPs expenses, some eye watering figures on there.
All items I wouldn't pay for employed in the private sector, and rightfully he shouldn't
-
- Posts: 524
- Joined: Sun Jul 31, 2022 9:53 pm
- Been Liked: 216 times
- Has Liked: 113 times
Re: Cost of Living
Crack on Tory Boy.GetIntoEm wrote: ↑Wed Jan 31, 2024 5:03 pmSince the scandal in the early 2000s I can't see anything shocking. Looking at our own Burnley MP he's claimed about £50k in the last 12 months, which includes rent on the office, staffing it, travel and accommodation in west minster. Seems fairly reasonable to me.
All items I wouldn't pay for employed in the private sector, and rightfully he shouldn't
Re: Cost of Living
Predictable response.