Top 5 financial things to do before labour get in?
Discussion
valiant said:
+1 from me.
It does make me laugh that we've been through so much s
t with this government from Trusseromics to corrupt COVID shenanigans and their now complete ability to pull money out of their arses for crap like conscription and whatnot and it's the next government you fear?
Get a grip. If you've managed over the last 14 years you'll be just fine over the next 5.
You seem to forget that Labour was pushing for deeper/longer Covid lockdowns ...so yes you are damn right that I'm worried about the next government.It does make me laugh that we've been through so much s
t with this government from Trusseromics to corrupt COVID shenanigans and their now complete ability to pull money out of their arses for crap like conscription and whatnot and it's the next government you fear?Get a grip. If you've managed over the last 14 years you'll be just fine over the next 5.
DevonOhar said:
You seem to forget that Labour was pushing for deeper/longer Covid lockdowns ...so yes you are damn right that I'm worried about the next government.
I'm rather more pissed off with what did happen: PPE fast lane contracts (e.g. Michael Mone), overpriced PPE contracts (£2bn to a company with a handful of employees), Test and Trace costing £37bn, fraudulent Bounce Back Loan scheme that you could drive a horse and car through, Furlough fraud, and on and on. The Conservative party of financial prudence blew £410bn on these debacles.DevonOhar said:
You seem to forget that Labour was pushing for deeper/longer Covid lockdowns ...so yes you are damn right that I'm worried about the next government.
It’s politics.The opposition party will always call for more of this or that to highlight that the government ain’t doing enough one way or another.
Also, bear in mind that the public were also calling for more lockdown and Labour were simply tapping into that to score political points.
Fact is, we have no idea how Labour would have handled the pandemic but I’m sure they’d be a s
tload less corruption and a lot less contracts for mates doled out.mikeiow said:
Cupid-stunt said:
Paying school fees is a strain on budget, but the alternative is pretty dire where I am.
Adding another 20% could result in me (and a number of other parents I have spoken to) pulling their kids out of school.
Paying as much as I can upfront does seem a sensible idea. This is one that I will be discussing with the school.
You say “could”, not “would”. Adding another 20% could result in me (and a number of other parents I have spoken to) pulling their kids out of school.
Paying as much as I can upfront does seem a sensible idea. This is one that I will be discussing with the school.
If you can afford to lob thousands (tens of thousands?) up front, I doubt a 20% increase would see you remove yours from school. Just a guess!
I know parents make a lot of sacrifices for that private education. I think in general it can be a very good investment.
Maybe the schools themselves need to make a better case for why they exist as charities.
I wonder how many Labour MPs have their offspring at Independant fee paying schools. I bet it is a fair number!
I was not born with a silver spoon, nor do I have one now.
Many sacrifices to be able to send children to this school - I for one didn't have that privilege.
VAT would add circa £600/m ... and I don't see my wages going up that much. Especially considering that there will no doubt be a higher tax burden to bear as well.
I'm not saying it is impossible, but it does mean other spending will have to be sacrificed, going out for meals, shopping in local stores....
I know of 2 other parents that have 2 kids there - and they are already concerned about the increase in fees. Adding another 20% will only result in them pulling them and putting them in a state school. Further burden on the already stretched councils....
valiant said:
DevonOhar said:
You seem to forget that Labour was pushing for deeper/longer Covid lockdowns ...so yes you are damn right that I'm worried about the next government.
It’s politics.The opposition party will always call for more of this or that to highlight that the government ain’t doing enough one way or another.
Also, bear in mind that the public were also calling for more lockdown and Labour were simply tapping into that to score political points.
Fact is, we have no idea how Labour would have handled the pandemic but I’m sure they’d be a s
tload less corruption and a lot less contracts for mates doled out.mickythefish said:
The Tories have been printing money, driving inflation, and borrowing at levels never seen in recent history. Who ever gets in is pretty rubber ducked, Western country growth is slowing, debt is massive and getting bigger.
The government doesn’t have the ability to print money.Edited by mickythefish on Monday 27th May 14:07
bhstewie said:
hstewie said:595Heaven said:
We’ve got a couple of S&S ISAs that mature on 7th July… think I’ll be cashing those in early!
What sort of product are they?Fund is 'Halifax UK Growth Fund B' - https://www.morningstar.co.uk/uk/funds/snapshot/sn...
Seems to have had quite a good time recently
Ken_Code said:
mickythefish said:
The Tories have been printing money, driving inflation, and borrowing at levels never seen in recent history. Who ever gets in is pretty rubber ducked, Western country growth is slowing, debt is massive and getting bigger.
The government doesn’t have the ability to print money.Edited by mickythefish on Monday 27th May 14:07
Funk said:
I agree. I've sat with a friend in A&E for literally 12 hours recently whilst they waited to be seen. On a personal note I've recently been diagnosed with low testosterone and despite having paid thousands into the 'pot' for years (and taking relatively little out) I can't get a referral to see an NHS endocrinologist for what will probably be 6-9 months at the earliest - and even when I do, they won't/can't prescribe the best treatment. I'm about to pay £450 for a private consult and then around £125/mo for TRT for the rest of my life.
What pisses me right off and to put things in context is that I've already paid over £10k in income tax and NI since the start of this tax year - damn right I begrudge what I pay; it's a f*cking disgrace.
I’m in the same boat for the same condition.What pisses me right off and to put things in context is that I've already paid over £10k in income tax and NI since the start of this tax year - damn right I begrudge what I pay; it's a f*cking disgrace.
Edited by Funk on Tuesday 28th May 12:08
My idiot GP referred me to a hospital that don’t take referrals from his practice, so after getting my endocrinologist appointment for seven months ahead I then got a cancellation with no explanation.
They didn’t tell me why, they didn’t tell my GP, they just cancelled and washed their hands of it.
I told my GP who seemed to neither care nor intend to try again, and while I wait to see what they do went online to buy “Testogel” directly.
It took two days to arrive and then within two hours of the first application all my symptoms (lethargy, low energy, bad moods, a real struggle to exercise) went away.
bhstewie said:
hstewie said: That looks like a normal equity fund not sure what you mean by "matures"? 
Nor me! I've got a note in my tracking spreadsheet that says '21/12/2021: Maturity date 6/7/2024 but can encash without penalty' - I'm assuming the 'maturity date' was the time when our mortgage was due to end.Will dig out the paperwork.
Whoozit said:
Yes, it does. Not in the "here's more bank notes, go spend it" sense. More the "monetary easing, we're making credit cheaper so banks lend more, keeping the cost of money (=interest) down" from 2008 until... oh, last year.
The government doesn’t have the ability to do any of that. They do not set interest rates, they have no ability to control bond issuance either, or to effect monetary easing.Ken_Code said:
Whoozit said:
Yes, it does. Not in the "here's more bank notes, go spend it" sense. More the "monetary easing, we're making credit cheaper so banks lend more, keeping the cost of money (=interest) down" from 2008 until... oh, last year.
The government doesn’t have the ability to do any of that. They do not set interest rates, they have no ability to control bond issuance either, or to effect monetary easing.I will hold my hand up to conflating the BoE with "Government" to answer the man-on-the-street question.
Edited by Whoozit on Tuesday 28th May 19:02
Cupid-stunt said:
mikeiow said:
Cupid-stunt said:
Paying school fees is a strain on budget, but the alternative is pretty dire where I am.
Adding another 20% could result in me (and a number of other parents I have spoken to) pulling their kids out of school.
Paying as much as I can upfront does seem a sensible idea. This is one that I will be discussing with the school.
You say “could”, not “would”. Adding another 20% could result in me (and a number of other parents I have spoken to) pulling their kids out of school.
Paying as much as I can upfront does seem a sensible idea. This is one that I will be discussing with the school.
If you can afford to lob thousands (tens of thousands?) up front, I doubt a 20% increase would see you remove yours from school. Just a guess!
I know parents make a lot of sacrifices for that private education. I think in general it can be a very good investment.
Maybe the schools themselves need to make a better case for why they exist as charities.
I wonder how many Labour MPs have their offspring at Independant fee paying schools. I bet it is a fair number!
I was not born with a silver spoon, nor do I have one now.
Many sacrifices to be able to send children to this school - I for one didn't have that privilege.
VAT would add circa £600/m ... and I don't see my wages going up that much. Especially considering that there will no doubt be a higher tax burden to bear as well.
I'm not saying it is impossible, but it does mean other spending will have to be sacrificed, going out for meals, shopping in local stores....
I know of 2 other parents that have 2 kids there - and they are already concerned about the increase in fees. Adding another 20% will only result in them pulling them and putting them in a state school. Further burden on the already stretched councils....
We are not what I would call wealthy but make sacrifices for this. My wife and I haven’t had a holiday in 5 years. Something that annoys me is the criticism of the charitable status. Our school is overrun by local state school kids of all ages pretty much all week being given access to facilities. Bursaries, scholarships and even 6 or more Ukrainian children getting fully funded free educations.
The fact we pay for our kid’s education unburdens the state schools. I believe that our school fees should be credited with the £7690 government funding for state school places which every state school gets. Knock that off my bill and I will happily pay the VAT.
Ken_Code said:
Whoozit said:
Sorry, I was answering the man-in-the-street question which you probably guessed 
The Bank of England...
Yes, they definitely do, and their approach of stopping one step short of dropping bank notes from helicopters has had the expected result. The Bank of England... Mikebentley said:
The fact we pay for our kid’s education unburdens the state schools. I believe that our school fees should be credited with the £7690 government funding for state school places which every state school gets. Knock that off my bill and I will happily pay the VAT.
By the same logic, should any couple that chooses not to have children should get 1.7x that back?( and then some)
Should I be able to claim the £10k a year I pay for my private healthcare back ?
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