Anyone felt the pinch yet?

Notice a good proportion of my hotels are quiet this week. But with the jubilee round the corner and pride the week after maybe folk are simply saving their trips for that.

Cant help but feel the media are driving a lot of it. They seem hell bent on us heading into a recession. Making people panic and stop spending.

They should be telling everyone its all gravy.

Only area Ive felt it is diesel. £154 to fill my van the other day. That's taking the piss.

I’ve got a mortgage but would never have dreamt of getting one beyond my means. As it happens I could manage if rates went past 15% but that’s not really the point.

The bigger picture is that it has knock on effects all over society and most people end up feeling it.

I’m alright Jack, but I wouldn’t dream of being a wanker about it.

Peasants can’t always help being peasants. #bekind

@BobyBrnoTheres still a warning, as you well know

But lets say miss casino is listening to the warnings, but nobody else is, wtf is she supposed to do as lenders lend more and house prices rocket

 

As it is, shes waiting for a nice crash

6 minutes ago, Casino said:

@BobyBrnoTheres still a warning, as you well know

But lets say miss casino is listening to the warnings, but nobody else is, wtf is she supposed to do as lenders lend more and house prices rocket

 

As it is, shes waiting for a nice crash

I’m not a mortgage advisor but…..
if you think Labour will get in, tell her to rent😊

2 hours ago, Casino said:

All our bank money is with nat west

We have been with em forever and no mortgage

Should we be moving to maximise savings interest?

yes. Look at Martin Lewis’s for best easy access rates, most likely on the way to 3.25%. First £1,000 a year each is tax free. Don’t use Cash ISAs until you get to use the tax free allowance. Call if needed.

There’ll be no objections from savers and Tory voters if Hunt introduces extra taxes on capital gains and savings etc?

Everyone happy to play their part I assume?

9 hours ago, BobyBrno said:

It’s all relative. 
We’ve been in the same house for 32 years. Bought it off plan and went up to our maximum at 10% in June 89. Moved in on Jan 1st 90. Within a couple of months it was 15%. 
Tough times. We got through it but was in debt for years after. 
I know people who ‘handed their keys back’ to the mortgage providers due to negative equity. 
It’s a while since I took out a mortgage (I used to have two🤷‍♂️) but there used to be a warning that interest rates could go up as well as down. Nothing is certain.

 

Got my first house at 19  in 1990  for £26k

 Mortgage was 14%  lent  £24k with the Leeds 

Mortgage Bloke who sorted it was a Doddy Bastard tryed to get me on a fixed Rate of only 10% but for the full 25 years the CUNT 

 

8 hours ago, Spider said:

There’ll be no objections from savers and Tory voters if Hunt introduces extra taxes on capital gains and savings etc?

Everyone happy to play their part I assume?

Increasing tax on gains is particularly self defeating; people would just trade less, reducing the tax take.

6 minutes ago, globaldiver said:

Increasing tax on gains is particularly self defeating; people would just trade less, reducing the tax take.

You won’t like Hunt’s proposals then.

Chris Green might be shifting uncomfortably on his seat if he reads that 🥴

2 minutes ago, Spider said:

You won’t like Hunt’s proposals then.

Chris Green might be shifting uncomfortably on his seat if he reads that 🥴

Won’t bother me, unless…..

1 hour ago, little whitt said:

Got my first house at 19  in 1990  for £26k

 Mortgage was 14%  lent  £24k with the Leeds 

Mortgage Bloke who sorted it was a Doddy Bastard tryed to get me on a fixed Rate of only 10% but for the full 25 years the CUNT 

 

 

Just now, globaldiver said:

Won’t bother me, unless…..

It’s more a case that the masses still working their way through life that will be a concern for marginal Tory MP’s…

No doubt a plan to tax electric cars will be rolled out

1 minute ago, globaldiver said:

No doubt a plan to tax electric cars will be rolled out

Unfortunately I think you’re correct.

Which will slow down the amount being purchased as people return to petrol/diesel.

The windfall tax on energy companies, which even the energy companies have indicated would be a good idea, Wont happen. Which is obscene. The money that would generate could fill the fiscal gap in a heartbeat.

But, the philosophy is what it is.

 

13 minutes ago, Spider said:

Unfortunately I think you’re correct.

Which will slow down the amount being purchased as people return to petrol/diesel.

The windfall tax on energy companies, which even the energy companies have indicated would be a good idea, Wont happen. Which is obscene. The money that would generate could fill the fiscal gap in a heartbeat.

But, the philosophy is what it is.

 

How much would an additional windfall tax raise?

18 minutes ago, globaldiver said:

How much would an additional windfall tax raise?

About £20billion.

 

Rumour that main residence might not be exempt from CGT

20 minutes ago, globaldiver said:

Rumour that main residence might not be exempt from CGT

How much would that raise?

17 minutes ago, Spider said:

How much would that raise?

We’ll, it depends on how many houses are sold. I guess that the market would grind to a halt, so instead of the quoted 28bn, it might amount to 10/6

Edited November 4, 20223 yr by globaldiver

Even rich fuckers should have main home CGT exempt. 2nd homes etc on the other hand should be taxed to the hilt.

The interest ratesa are absolutley fucking me at the minute.

People are having mortgage offers revoked and are too scared to move at the minute.

It means I made £32.50 today to go with the £20.00 I made yesterday and the £30.00 I've got in tomorrow.

As it happens next week looks ok to be fair but this week has been awful.

 

3 hours ago, Spider said:

Unfortunately I think you’re correct.

Which will slow down the amount being purchased as people return to petrol/diesel.

The windfall tax on energy companies, which even the energy companies have indicated would be a good idea, Wont happen. Which is obscene. The money that would generate could fill the fiscal gap in a heartbeat.

But, the philosophy is what it is.

 

People won't return to fuelled cars.

They're going to be banned as you know, manufacturers stopping production etc, and fuel is still expensive. 

Even with road tax on, they will still be much cheaper to run and service.

Very soon battery technology is also going to increase charging capacity, frequency and reduce weight too.

Diesel is choking its final few breaths at the moment (in terms of cars) with a price differential of around 25p per litre.

#TeamHunt

3 hours ago, globaldiver said:

No doubt a plan to tax electric cars will be rolled out

That's obviously going to happen, it's an easy way to get money in

It’s estimated 687 million was spent on Halloween this year. What cost of living crisis. 

7 minutes ago, royal white said:

It’s estimated 687 million was spent on Halloween this year. What cost of living crisis. 

That was just in horwich