The Bubbles Burst

[The cooler king]

Petrol soon to reach $150 per barrel.
Annual food bill per ousehold up on average £800.
10p tax rate abolished
Bank of England pumping £50b to boost financial economy.
Mortgage completions at lowest since September 2000
Teachers going on strike for first time in 21years.
Petrol stations running oot o' diesel.
How the **** this government still in power is beyond me.
Blair/Bush/Brown at the helm of the biggest financial global shutdown in history....
This country is on the verge of turning into a right ****hole, if it not already is.
Bring on the anarchy!!

[duncs]

Petrol soon to reach $150 per barrel.
Annual food bill per ousehold up on average £800.
10p tax rate abolished
Bank of England pumping £50b to boost financial economy.
Mortgage completions at lowest since September 2000
Teachers going on strike for first time in 21years.
Petrol stations running oot o' diesel.
How the **** this government still in power is beyond me.
Blair/Bush/Brown at the helm of the biggest financial global shutdown in history....This country is on the verge of turning into a right ****hole, if it not already is.
Bring on the anarchy!!

Bit in bold - I'm sure those living the after-effects of the 1929 Wall Street Crash would have something to say on that!

A lot of what you said is pure speculation likes

[Hibbyradge]

Petrol soon to reach $150 per barrel.
Annual food bill per ousehold up on average £800.
10p tax rate abolished
Bank of England pumping £50b to boost financial economy.
Mortgage completions at lowest since September 2000
Teachers going on strike for first time in 21years.
Petrol stations running oot o' diesel.
How the **** this government still in power is beyond me.
Blair/Bush/Brown at the helm of the biggest financial global shutdown in history....
This country is on the verge of turning into a right ****hole, if it not already is.
Bring on the anarchy!!

For a moment there i thought I had mistakenly opened a copy of The Daily Express.

<Shudder>

Apart from the bit about anarchy, likesay.

[lyonhibs]

Petrol soon to reach $150 per barrel. - tho doubtless you'll say no to any oil that comes out of Iraq and increases the world supply level, thus lowering price???
Annual food bill per ousehold up on average £800. - if you shop from Marks and Spencers "Food = sex" range surely??? A bit more prudence from the great British public and this figure would surely fall?
10p tax rate abolished = now this is a nonsense I'll agree
Bank of England pumping £50b to boost financial economy - = and this is a bad thing how??? Is it the governments fault that banks in America lent mortgages to people who should NEVER have been allowed them???
Mortgage completions at lowest since September 2000
Teachers going on strike for first time in 21years.
Petrol stations running oot o' diesel - Clarkson will be pleased if nothing else :greengrin
How the **** this government still in power is beyond me - becasue they got voted in following the democratic conventions of this country, and if people are REALLY as miffed at them as your diatribe makes out, they'll get voted out in the next elections. And then we'll have the Tories in power. And won't that just be fan-frickin'-tastic.
Blair/Bush/Brown at the helm of the biggest financial global shutdown in history.... - as previously mentioned, methinks those around post Wall Street crash might take you up on this point
This country is on the verge of turning into a right ****hole, if it not already is - what a twat - have you been to Sudan/Zimbabwe recently - now there's a REAL ****hole country. I suppose you'll readily say we have a "Third World" standard Health Service?? :hmmm:
Bring on the anarchy!! Err, no :violin:


So in summary, with the exception of the tax rate issue, the usual load of Cooler King reactionary hyperbole on political/economical matters.

And what will it be like under any other goverment??

As the French would say "Le Roi est mort. Vive le Roi" aka "The king is dead. Long live the King"

[Jack]

To be honest I don’t blame government(s) although they could be key in regulating what I think is going wrong with the world.

In my opinion the stock and commodity markets are fully to blame, they have too much power. Too many of the folk that buy and sell shares etc. are acting irresponsibly to make a fast buck and that’s not including those who are acting illegally and causing financial meltdown.

There have been three recent cases, the latest being in France, where someone has caused billions to be wiped off the value of their own and other companies values around the world because they’ve f’d up.

And that doesn’t include those and the likes of those who recently attempted, subversively, to bring the Bank of Scotland to its knees, for personal gain, knowing full well the likelihood of being caught is negligible.

Who has put the price of oil up to record levels? Not the countries who produce the oil – the folk who buy and sell on the stock and commodity markets.

Who has put the price of metals, making our new stand cost more, up to record levels? Not the countries who produce the metal – the folk who buy and sell on the stock and commodity markets.

Who has put the price of wheat and other basic foodstuffs up to record levels? Not the countries who produce the wheat and other basic foodstuffs or the farmers who produce it – the folk who buy and sell on the stock and commodity markets.

Who is it that has the power to all but destroy perfectly good companies – the folk who buy and sell on the stock and commodity markets.

Who is it stands to make hundreds of thousands even millions of pounds/dollars whatever, in bonuses on top of huge salaries when they ‘work’ these markets – the folk who buy and sell on the stock and commodity markets.

And its you and I at the end of the day pay for it from our shrinking wage packets.

[Mike777]

10p tax rate abolished?

can anyone explain to me briefly what this is, i am aware of this happening just not on how it will or is affecting me.

Thanks

[The cooler king]

10p tax rate abolished?

can anyone explain to me briefly what this is, i am aware of this happening just not on how it will or is affecting me.

Thanks

Folk on £18k currently pay 20% tax.
This was to be reduced to 10%.
Govt pulled plug.

[GreenandGlaikit]

To be honest I don’t blame government(s) although they could be key in regulating what I think is going wrong with the world.

In my opinion the stock and commodity markets are fully to blame, they have too much power. Too many of the folk that buy and sell shares etc. are acting irresponsibly to make a fast buck and that’s not including those who are acting illegally and causing financial meltdown.

There have been three recent cases, the latest being in France, where someone has caused billions to be wiped off the value of their own and other companies values around the world because they’ve f’d up.

And that doesn’t include those and the likes of those who recently attempted, subversively, to bring the Bank of Scotland to its knees, for personal gain, knowing full well the likelihood of being caught is negligible.

Who has put the price of oil up to record levels? Not the countries who produce the oil – the folk who buy and sell on the stock and commodity markets.

Who has put the price of metals, making our new stand cost more, up to record levels? Not the countries who produce the metal – the folk who buy and sell on the stock and commodity markets.

Who has put the price of wheat and other basic foodstuffs up to record levels? Not the countries who produce the wheat and other basic foodstuffs or the farmers who produce it – the folk who buy and sell on the stock and commodity markets.

Who is it that has the power to all but destroy perfectly good companies – the folk who buy and sell on the stock and commodity markets.

Who is it stands to make hundreds of thousands even millions of pounds/dollars whatever, in bonuses on top of huge salaries when they ‘work’ these markets – the folk who buy and sell on the stock and commodity markets.

And its you and I at the end of the day pay for it from our shrinking wage packets.

:agree:

These speculating fe*kers seldom suffer and are usually well rewarded whether they succeed or fail. Read this week the Barclay guy in charge o' their multi-billion pound sub-prime mortgage loss actually 'earned' £36 Million in salary & bonuses. :eek:

And one yank controlling a financial fund 'earned' $3 Billion last year.:wtf:


Time their 'bonuses' were taxed at punitive rate - say 90-95% :agree:

[Mibbes Aye]

Folk on £18k currently pay 20% tax.
This was to be reduced to 10%.
Govt pulled plug.

That's not right is it? :confused:

The 22% rate is being reduced to 20% and the 10% rate is being abolished altogether.

Over 65s and people on low incomes with children were compensated because personal allowances and tax credits are going up (not a headline-grabbing figure but nevertheless very relevant)

The people who stood to lose out before the backtracking were childless people and early retirees.

[lyonhibs]

That's not right is it? :confused:

The 22% rate is being reduced to 20% and the 10% rate is being abolished altogether.

Over 65s and people on low incomes with children were compensated because personal allowances and tax credits are going up (not a headline-grabbing figure but nevertheless very relevant)

The people who stood to lose out before the backtracking were childless people and early retirees.

No its not (but should that come as a surprise to us..........)

The 10% rate was established by the labour government and has been in operation for a few years, and as you say, the increase in tax credits is aimed to compensate certain sectors of society, but at the end of the day, singletons that work hard and would have previosuly been charged 10p in the pound are going to see their take-home pay decrease, and the tax credits that are applicable to them are unlikely to make-up for this decrease

[Mike777]

Folk on £18k currently pay 20% tax.
This was to be reduced to 10%.
Govt pulled plug.


So it effects me then.:brickwall:brickwall

another reason why i want to leave this country.

[CropleyWasGod]

The abolition of the 10% tax rate was actually announced in LAST YEAR'S (2007) Budget, as was the news that the Basic Rate was being lowered from 22% to 20%. This time last year, I was telling people that, if they earned less than £18,000 per year, they would be worse off this financial year. (that's where CK gets the £18k figure from).

What I find astonishing is that it has taken a full 12 months for our elected representatives to actually say something about it. If I were cynical about politicians (moi? :wink:), I might suspect that, since the majority of voters are going to be better off, MP's weren't really that bothered; however, a wee bit of posturing about the lower-paid helps their street cred.

[hibsdaft]

Blair/Bush/Brown at the helm of the biggest financial global shutdown in history....

if you think those guys run the economy you're having a laugh - thats the problem - nobody actually runs the economy. laissez faire, free market whatever you want to call it - let things loose with no regulation and lets see where it gets us. well we'll be seeing in the next few years id wager.

ever since Thatcher etc started ripping up the rule book we've been told we just have to keep cutting - cutting tax, unleashing debt onto ourselves ("credit") and selling off our assets half price (school fields, bt, british airways, a million houses, the railways, the gas, etc etc etc)

what have we got to show for it - a nation with no industry, no manufacturing, very little quality infrastructure and a load of dodgy build schools and hospitals that the people don't even ****ing own.

and the beauty is, when we start looking for anwsers we're going to be told we only have one choice - to remain competetive we must cut taxes and accept lower pay

[Gatecrasher]

i know its **** the now but its called recession, it happens from time to time :dunno:

[.Louise.]

This time last year, I was telling people that, if they earned less than £18,000 per year, they would be worse off this financial year.

Wondered why my wages went up this month :thumbsup:

[CropleyWasGod]

Wondered why my wages went up this month :thumbsup:

You and millions of others, who, in the best Thatcherite tradition, have just been bought off. :wink:

[Pretty Boy]

TBH the country has seen 10 years of pretty much sustained economic growth since Labour came to power, there was always going to be a slowdown at some point. The fact is the economy will still GROW by about 0.4% in the next month, hardly great but still a growth.

The key problem here is the hyped up drivel in much of the media, BBC news 24 and many newspapers absolutely crave something like this as it is a big story and in many ways their scaremongering only serves to worsen the situation as it creates a loss of confidence in the economy amongst consumers which slows sales and inevitably furthers slows the economic growth of the country.

Yes things will be a bit tight for the rest of the year but by next February there will be a new American president, hopefully a Democrat, who will be enjoying his honeymoon period which should see a period of economic calm. One must remember that when George W. Bush came to power the American economy was very, very strong, however a ridiculous rise in military expenditure and a loss of confidence in the Executive from Wall Street soon put paid to that. With a new President with more brain cells than Bush, which all 3 have, and a more sensible approach to the American economy i can't imagine us still being in a so called recession 18 months from now.

[RyeSloan]

To be honest I don’t blame government(s) although they could be key in regulating what I think is going wrong with the world.

In my opinion the stock and commodity markets are fully to blame, they have too much power. Too many of the folk that buy and sell shares etc. are acting irresponsibly to make a fast buck and that’s not including those who are acting illegally and causing financial meltdown.

There have been three recent cases, the latest being in France, where someone has caused billions to be wiped off the value of their own and other companies values around the world because they’ve f’d up.

And that doesn’t include those and the likes of those who recently attempted, subversively, to bring the Bank of Scotland to its knees, for personal gain, knowing full well the likelihood of being caught is negligible.

Who has put the price of oil up to record levels? Not the countries who produce the oil – the folk who buy and sell on the stock and commodity markets.

Who has put the price of metals, making our new stand cost more, up to record levels? Not the countries who produce the metal – the folk who buy and sell on the stock and commodity markets.

Who has put the price of wheat and other basic foodstuffs up to record levels? Not the countries who produce the wheat and other basic foodstuffs or the farmers who produce it – the folk who buy and sell on the stock and commodity markets.

Who is it that has the power to all but destroy perfectly good companies – the folk who buy and sell on the stock and commodity markets.

Who is it stands to make hundreds of thousands even millions of pounds/dollars whatever, in bonuses on top of huge salaries when they ‘work’ these markets – the folk who buy and sell on the stock and commodity markets.
And its you and I at the end of the day pay for it from our shrinking wage packets.


This is simplistic to the extreme. Do you ever stop to wonder who the hell these people are buying for on the commodity markets...that's right the very same companies that pay your 'shrinking wage packet'.

Governments are almost completely to blame for high foodstuff prices, a mixture of the CAP and a total misinformed, 'green' led drive to biofuels have seen to that.

A huge surge in global growth over the last few years has driven up basic commodities from oil to steel to anything else you want..increased demand and reduced supply will always result in higher prices....very very little to do with individual traders in the commodities markets.

I'd be interested to see what companies you think have been destroyed thanks to commodity market speculation...I've certainly not seen too many. rouge individuals have always had the power to destroy companies but what you will find is the normal cause is poor management and/or a militant workforce.


There is a good argument that the price of oil will now allow investment in other fuels and energy sources as the cost of fossil fuels rise n rise...this in the long run is obviously no bad thing. Don;t forget that the vast majority of what you pay at the pump for petrol is tax, again little to do with market traders.

Food prices could be slashed over night by the EU ending its protectionist regieme that not only makes our subsidy led food expensive to produce but dumps it's excess on Africa as 'aid' that stifles a whole continents abilty to trade their way out of poverty., again little to with market traders.

Of course markets will always have short term profiteers but to try and lay the blame for a load of global economic conditions at their door is a step too far surely.

[IWasThere2016]

The UK is going down the toilet ... I'll be out of here when I retire

[The cooler king]

Bit in bold - I'm sure those living the after-effects of the 1929 Wall Street Crash would have something to say on that!

A lot of what you said is pure speculation likes

You think.

Petrol soon to reach $150 per barrel. Analysts are forecasting £200 p/b
Annual food bill per ousehold up on average £800. Economists have calculated this figure, not I.
10p tax rate abolished. FACT
Bank of England pumping £50b to boost financial economy. FACT
Mortgage completions at lowest since September 2000 FACT....
post edit lowest monthly decline since records began.
Teachers going on strike for first time in 21years. FACT
Petrol stations running oot o' diesel. FACT
How the **** this government still in power is beyond me. FACT
Blair/Bush/Brown at the helm of the biggest financial global shutdown in history....FACT....wait till **** really hits the fan.
This country is on the verge of turning into a right ****hole, if it not already is.FACT!
Bring on the anarchy!
.

[The cooler king]

The UK is going down the toilet ... I'll be out of here when I retire

The big 'Flush' aint too far down the road.

[duncs]

You think.

Petrol soon to reach $150 per barrel. Analysts are forecasting £200 p/b
Annual food bill per ousehold up on average £800. Economists have calculated this figure, not I.
10p tax rate abolished. FACT
Bank of England pumping £50b to boost financial economy. FACT
Mortgage completions at lowest since September 2000 FACT....
post edit lowest monthly decline since records began.
Teachers going on strike for first time in 21years. FACT
Petrol stations running oot o' diesel. FACT
How the **** this government still in power is beyond me. FACT
Blair/Bush/Brown at the helm of the biggest financial global shutdown in history....FACT....wait till **** really hits the fan.
This country is on the verge of turning into a right ****hole, if it not already is.FACT!Bring on the anarchy!
.

And the empirical evidence for these statements are what exactly...?

[lyonhibs]

And the empirical evidence for these statements are what exactly...?

Listen, we all know if you add "FACT" in capital letters after a statement, you do away with any requirement to actually back them up.

This is particularly true when said statemnts are overreactive, laden with hyperbole and generally bullshiete

[duncs]

Listen, we all know if you add "FACT" in capital letters after a statement, you do away with any requirement to actually back them up.

This is particularly true when said statemnts are overreactive, laden with hyperbole and generally bullshiete

You've missed a trick there, really you should added FACT to the end of that statement, thus jinx padlocking it but be 100% true. FACT.