- Visitors can check out the Forum FAQ by clicking this link. You have to register before you can post: click the REGISTER link above to proceed. To start viewing messages, select the forum that you want to visit from the selection below. View our Forum Privacy Policy.
- Want to receive the latest contracting news and advice straight to your inbox? Sign up to the ContractorUK newsletter here. Every sign up will also be entered into a draw to WIN £100 Amazon vouchers!
Uk Debt Highest In Human History
Collapse
X
-
-
My all-time favourite Dilbert cartoon, this is: BTW, a Dumpster is a brand of skip, I think. -
"Families in the UK now owe a record 173pc of their incomes in debts, official figures have shown."
FFS
Did nobody ever tell these imbeciles that they shouldn't buy it if they can't afford it?
Oh no, of course, Margaret Thatcher and her cronies promoted the idea of getting into debt (oh sorry, "leveraging credit facilities") because it made it seem as if there was an economic recovery when there wasn't
And before you all start on me, I know that this lot do the same... but it was Thatcher that pulled that stunt first, and don't you try to deny it unless you came through 1988 - 89 without having negative equity in your property.
(Those who still lived with Mummy and Daddy back then don't have the experience to qualify them to express an opinion.)
Plus ça change, plus ça ne change pas, et cetera, ad nauseam, ad infinitum.Comment
-
We stowed away on the busybody's tardis and found this:
http://forums.contractoruk.com/general/3855-economic-crash-uk-inevitable.htmlComment
-
Comment
-
Originally posted by NickFitz View Post"Families in the UK now owe a record 173pc of their incomes in debts, official figures have shown."
FFS
Did nobody ever tell these imbeciles that they shouldn't buy it if they can't afford it?
Oh no, of course, Margaret Thatcher and her cronies promoted the idea of getting into debt (oh sorry, "leveraging credit facilities") because it made it seem as if there was an economic recovery when there wasn't
And before you all start on me, I know that this lot do the same... but it was Thatcher that pulled that stunt first, and don't you try to deny it unless you came through 1988 - 89 without having negative equity in your property.
(Those who still lived with Mummy and Daddy back then don't have the experience to qualify them to express an opinion.)
Plus ça change, plus ça ne change pas, et cetera, ad nauseam, ad infinitum.
Without debt, most of us would not have been able to purchase our houses to make thousands in equity, and the country would not have been so prosperous over the past few decades. Levels of debt were actually well controlled under Thatcher, and I for instance had to put down a 7,000 pound deposit on my first two-bed terraced house at 37,500 pounds.
The main cause of our current woes is that banks were allowed to lend vastly above their capital ratios by selling SIVs(structured investment vehicles) onto other banks, thus breaking all lending controls, especially in the US. This should have been for the FSA/ BofE / HMG to monitor and control but they failed miserably. This has happened squarely under New Lie's regime and they quite rightly will carry the can at the next election.
Comment
-
-
Originally posted by sappatz View Post
P.S If he'd known what a thing the Austrians have about locking people in cellars, perhaps he wouldn't have travelled through there on his way back from the crusades.Work in the public sector? Read the IR35 FAQ hereComment
-
I can understand borrowing money for a house or car - large capital purchases. But for petrol?
What happened to days when credit was called the "never never"?Comment
-
Originally posted by NickFitz View Post"Families in the UK now owe a record 173pc of their incomes in debts, official figures have shown."
FFS
Did nobody ever tell these imbeciles that they shouldn't buy it if they can't afford it?
Oh no, of course, Margaret Thatcher and her cronies promoted the idea of getting into debt (oh sorry, "leveraging credit facilities") because it made it seem as if there was an economic recovery when there wasn't
And before you all start on me, I know that this lot do the same... but it was Thatcher that pulled that stunt first, and don't you try to deny it unless you came through 1988 - 89 without having negative equity in your property.
(Those who still lived with Mummy and Daddy back then don't have the experience to qualify them to express an opinion.)
Plus ça change, plus ça ne change pas, et cetera, ad nauseam, ad infinitum.
Comment
- Home
- News & Features
- First Timers
- IR35 / S660 / BN66
- Employee Benefit Trusts
- Agency Workers Regulations
- MSC Legislation
- Limited Companies
- Dividends
- Umbrella Company
- VAT / Flat Rate VAT
- Job News & Guides
- Money News & Guides
- Guide to Contracts
- Successful Contracting
- Contracting Overseas
- Contractor Calculators
- MVL
- Contractor Expenses
Advertisers
Contractor Services
CUK News
- Streamline Your Retirement with iSIPP: A Solution for Contractor Pensions Sep 1 09:13
- Making the most of pension lump sums: overview for contractors Sep 1 08:36
- Umbrella company tribunal cases are opening up; are your wages subject to unlawful deductions, too? Aug 31 08:38
- Contractors, relabelling 'labour' as 'services' to appear 'fully contracted out' won't dupe IR35 inspectors Aug 31 08:30
- How often does HMRC check tax returns? Aug 30 08:27
- Work-life balance as an IT contractor: 5 top tips from a tech recruiter Aug 30 08:20
- Autumn Statement 2023 tipped to prioritise mental health, in a boost for UK workplaces Aug 29 08:33
- Final reminder for contractors to respond to the umbrella consultation (closing today) Aug 29 08:09
- Top 5 most in demand cyber security contract roles Aug 25 08:38
- Changes to the right to request flexible working are incoming, but how will contractors be affected? Aug 24 08:25
Comment