All this thread shows is how little so many people understand of how business and indeed Government and the financial markets work. When i first took out a mortgage the amount to borrow was based on 3 x one salary and 1.5 times a second salary. Then it became 3 x both salaries. Then 5 x Then self certify. Then interest only mortgages. 10 years ago you could not borrow into retirement age. Now you can pretty much borrow until the day you die. Anyone see a pattern here? Debt, debt and more debt. Until the day you die if you wish. Its not sustainable. Its based on a 'worry about today and forget tomorrow' culture. No wonder we have so many booms and busts.
wrong again AirCon. we cant even have a debate up here without you lot thinking its somthing to do with you. the issues up here (all countries have issues) ultimitlay lie with us. most know this. our national Bard knew this.
The really scary one was the madness around 're-mortgaging' your existing debt based on an inflated property value and extracting cash to spend on cars/holidays/hookers etc ... it was very fashionable about 15 years ago. I worked on projects surrounded by colleagues who were burying themselves in debt. Mad. It's all been hidden behind a decade of ultra-low interest rates and QE.
I agree with this having read most of your posts Yes, people can decide their own future and it has been going on long before brexit and will continue long after brexit, so as with so many of your comments in this thread, it has very little to do with brexit itself no matter how hard you have tried to link them.
Trust me Aircon, some of the people around me almost certainly had artificially inflated values for re-mortgaging purposes. It was 'Fannie Mae/Freddie Mac 'esque' ! That time bomb is still ticking and will be for some time yet. The next one is equity release !
Apparently, the banks are headed for another disaster based on property. This time retail property now that the high street is falling to bits. Throw in inflated prices for homes which need correction (nothing to do with Brexit) and the mess which is Deutsche Bank and this one could be worse than 2008
And seems to be the mood in the rest of the U.K. in terms of the form Brexit should take. I am beginning to wonder if May is out to stitch up everyone and force her deal through one way or another. Effectively, blackmailing the Leave camp with continued extensions. If she did that, it would be a bigger betrayal to democracy than having a second referendum. Better to do that with the choices being Remain or No Deal.
no, probably not, i would of said, looking at the result and the promises made just 21 months earlier i would of been happy with the compromise solution offered in dec 2016 by the Scot Gov but descibed as unworkble. yet was used as the template for the irish backstop. it would of solved many many problems including the irish boarder issue. but hayho.
Loathsome just keeps getting worse https://www.bbc.co.uk/news/av/uk-po...-andrea-leadsom-reads-valentine-s-ode-to-deal
Didn’t May say she was going to bring the Country together? Not working out to well is it. Can’t even unite her own Party. Might even be damaging it forever. The Tory party is only the 4th biggest in terms of membership and a majority of them are getting close to leaving this Mortal Coil.
Labour has one of the biggest memberships of any party I believe in europe? and yet they haven't been in power for 9 years. Members don't mean shit if the voters don't turn up
Labour amendment defeated. Now they are off to the division lobbies for the SNP & Lib Dem Ammendment to defer BREXIT.
