Osborne's numbers crunched
Government figures used by George Osborne and coalition ministers on the size of Britain's budget deficit may be misleading, an influential committee of MPs has warned. The Public Accounts Committee's warning came as the newly-released whole government accounts report said the UK's deficit in 2011-2012 was Â£185 billion, not Â£90 billion.
Britain's workers slowly sliding down the pan
"In the year ending April 2013, the ONS said pre-tax pay reached Â£27,000 a year, an increase of 2.1% over 2012. However, inflation over the same period, as measured by the Consumer Prices Index (CPI), was 2.4%". (I'm sure the Tory faithful are elated that house prices are continually going up. I just wonder how the buyers will pay back the borrowing ~ even assuming IRs stay low).
You won't here this on the BBC propaganda channel!
A London charity has imported steel containers from China and converted them into bargain basement homes, as part of a novel solution to try and solve homelessness amid soaring rents in the British capital. But as rents in London continue to soar, putting most flats and houses out of reach of many people on low incomes or benefits, these may be part of the solution. A mYpad costs just Â£75 a week - at 30% of the minimum wage, mYpad is affordable to those who need it most. While there are plans to build thirty more mYpads next year, this is not even a drop in the ocean. Unless Britain increases the rate at which it is building affordable, new homes, then by 2020 there will be a shortfall of 2 million homes in the UK.
15,000 NIMBY's take to the street.
One rambling boomer [Councillor Jackie Whiteley] said " I think you have your answer if 15,000 people have signed a petition on this subject.". A leading campaigner against green belt housing development in Wharfedale called on Bradford Council to âstop giving the fox[youth] the keys to the hen houseâ. Dr Steve Ellams, spoke on behalf of several groups and communities in the Wharfe and Aire valleys. He told the Council to stop the ârape of the countrysideâ in the Bradford District. Val Slater (Lab), said: âThere just arenât enough brownfield sites to meet the projected need.â
I smell election in the distance
Yes folks all is going well and the government has reduced the deficit so vote us back in again for more hard nosed austerity and booming house prices. Try not to look too hard under the bonnet - the old girl smokes a bit but I'm sure it just needs an oil change.
Self-build scheme to help meet needs of 'Generation Rent' (Anyone under 35)
Young people who cannot afford to buy somewhere to live should be handed plots of state-owned land so they can build homes of their own. Boles is declaring that young Britons want "the opportunity to get on and help themselves". Housebuilding remains at very low levels even though there has been an upturn in the past three months. The coalition is acutely aware that it needs to find a way to assure the so-called Generation Rent that, if they want, they will be able to purchase or custom-build a home of their own. Boles is proposing that, instead of renting in the open market or applying for council housing, young people should be able to "put yourself on the list for self-build".
Yes, borrow as much as you want for that Mortgage - everyone else is borrowing and indebted.....
"Ukraine owes just under $4 billion in gas bills and debt repayments in the first three months of 2014, and after that may struggle to pay rising sums from dwindling reserves. He said 20 billion euros would help Ukraine's economy adapt to closer integration with the European Union and be compensation for potentially losing its large Russian market. Yanukovich has said his country needs $20 billion a year until 2017, and a total amount of $160 billion". (How long before the ECB decides to print? Meanwhile, send in the Greeks to give budgetting lessons).
People in the UK Looking to Rent For Longer
An increase has been seen in the number of people renting in the UK for longer periods of time according to a residential research report from property group Savills. Renting privately does continue to be a short term solution to housing for the majority of UK residents but it appears that many are now renting for longer periods of time. The report shows that 4.3 million households were in the private rented sector in 2011 and the figure is expected to rise by a million over the next five years.
Research also highlights a 93 per cent probability of London currently being in a housing bubble
Mortgage protection, and policies that you don't really need or are overpriced
The FCA said the worst case it had seen was "evidence that one Lloyds staff member sold protection products to himself, his wife and a colleague to prevent himself from being demoted". "Customers have a right to expect better from our leading financial institutions and we expect firms to put customers first â but firms will never be able to do this if they incentivise their staff to do the opposite.â (Personally I think it's outrageous what these Capitalists are doing...oh, wait a bit...WE own it! )