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Gideon's stealthy slashes

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    Gideon's stealthy slashes

    Indirect savings:

    NS&I cuts savings rates and number of Premium Bond prizes - BBC News

    Premium bond odds brought into line with lottery win odds by the sound of it.
    The greatest trick the devil ever pulled was convincing the world that he didn't exist

    #2
    Consequence of ZIRP and QE.

    If you want to feel like you've won the Premium Bonds every month, just buy more BTL properties. Sorted.

    Comment


      #3
      Originally posted by DimPrawn View Post
      Consequence of ZIRP and QE.

      If you want to feel like you've won the Premium Bonds every month, just buy more BTL properties. Sorted.
      Landlords should face new affordability tests, says Bank of England - BBC News

      Comment


        #4
        Won't happen, banks take absolutely zero notice of these "rules", they aren't enforced and the govt quangos that are supposed to investigate and enforce will do feck all as they have always done. It is just there to appease Guardian readers.

        Comment


          #5
          Originally posted by DimPrawn View Post
          Consequence of ZIRP and QE.

          If you want to feel like you've won the Premium Bonds every month, just buy more BTL properties. Sorted.
          i love an optimist

          Comment


            #6
            Originally posted by zeitghost
            It'sOnlyFair(tm)

            That & "HardWorkingFamilies(tm)" gives me the urge to reach for my AK every time I hear it.
            To be fair Gidiot doesn't use "It's only fair".

            He prefers " Labour are a threat to security" and "Corbyn are a threat to security" and "[Insert name] are a threat to security".

            Though he's not said that with the SNP....
            "You’re just a bad memory who doesn’t know when to go away" JR

            Comment


              #7
              Originally posted by LondonManc View Post
              Indirect savings:

              NS&I cuts savings rates and number of Premium Bond prizes - BBC News

              Premium bond odds brought into line with lottery win odds by the sound of it.
              BARSTEWARDS!

              Comment


                #8
                Just another step to the world of NIRP.

                Japan, Sweden, Switzerland and EU now have negative interest rates.

                NO ONE WANTS YOUR WORTHLESS MONEY!

                A nice property rented out to immigrants on the other hand....very desirable ownership prospects.

                Comment


                  #9
                  Originally posted by LondonManc View Post
                  Indirect savings:

                  NS&I cuts savings rates and number of Premium Bond prizes - BBC News

                  Premium bond odds brought into line with lottery win odds by the sound of it.
                  This is not a government direction.

                  The prize fund is funded by the 'interest' that the Government would have paid on the money it has borrowed from the public who buy Premium Bonds.

                  So, if interest rates fall, the Debt Office has an obligation to pay no more than the going rate, to do otherwise is to waste the taxpayers money, whom actually pays for the prizes.
                  "The budget should be balanced, the Treasury should be refilled, public debt should be reduced, the arrogance of officialdom should be tempered and controlled, and the assistance to foreign lands should be curtailed lest Rome become bankrupt. People must again learn to work, instead of living on public assistance." Cicero

                  Comment


                    #10
                    Originally posted by Waldorf View Post
                    This is not a government direction.

                    The prize fund is funded by the 'interest' that the Government would have paid on the money it has borrowed from the public who buy Premium Bonds.

                    So, if interest rates fall, the Debt Office has an obligation to pay no more than the going rate, to do otherwise is to waste the taxpayers money, whom actually pays for the prizes.
                    Less of that. We were only three posts away from AtW doing a live remake of Falling Down.
                    The greatest trick the devil ever pulled was convincing the world that he didn't exist

                    Comment

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