Lord King WTAF

[livestock 1]

If Russia manages to detach the value of the dollar from oil the same thing will happen

 

[DaveGrohl]

They don’t tax big companies now they give them tax relief. They tax the people that work for them. Think Tesla got 50 million or billion to put their car plant in Nevada so they could collect tax off staff.
Same happens with Amazon and such like

Yes, but I was meaning the likes of BP and Shell. If you want a windfall tax why restrict it to oil companies specifically?

 

[livestock 1]

Yes, but I was meaning the likes of BP and Shell. If you want a windfall tax why restrict it to oil companies specifically?

I can’t answer that one

 

[livestock 1]

I know someone with a haulage company (a very successful one at that) who was facing a massive iht bill who has bought millions of pounds worth of land think it’s 6m possibly set against the haulage company so it’s valuations at point of death will be reduced. He might have bought another farm since then as the debt comes down and the haulage company prospers he needs more debt to loose the tax

 

[midlandslad]

I know someone with a haulage company (a very successful one at that) who was facing a massive iht bill who has bought millions of pounds worth of land think it’s 6m possibly set against the haulage company so it’s valuations at point of death will be reduced. He might have bought another farm since then as the debt comes down and the haulage company prospers he needs more debt to loose the tax

This all becomes a very vicious cycle. Either you pay the bank or you pay the tax man. What a lot of people forget is that the capital repayments come out of taxed income so to repay £60k you need to earn £100k.

 

[midlandslad]

Base Rate is going to keep increasing in my opinion as there is little sign of the country feeling current rates with low unemployment and the first signs of this all being fed into a wage price spiral.

This will also lead through to at banks increasing the stress test rate for affordability resulting in limited access to borrowing.

 

[livestock 1]

Well you need to use the income to pay debt on items that have tax relief
The only way

 

[Bob the beef]

100% nail on head , ruth d was the only one gave her any heat now she has gone , freedom for the ass holes, it will end badly .

100% agree

 

[DaveGrohl]

Base Rate is going to keep increasing in my opinion as there is little sign of the country feeling current rates with low unemployment and the first signs of this all being fed into a wage price spiral.

This will also lead through to at banks increasing the stress test rate for affordability resulting in limited access to borrowing.

So belatedly trying to reduce the problem they created.

Look at all the wailing and gnashing of teeth with an interest rate that has reached the heady heights of 1%. It’s fekking bizarre frankly but that’s how badly those in charge have fekked up the economic system. They’ve steered the supertanker down a deadend skyscraper alley but there’s no room to turn it round. They daren’t touch any of the skyscrapers in case one of them comes crashing down on them. Even just tapping on the brakes slightly is gonna cause no end of hardship for those at the bottom.

 

[texelburger]

How the hell we have got away with low interest rates for so long without hyper inflation amazes me. But in reality, there has been inflation with regards to house prices.

I’ve lived through 3 recessions and we are definitely about to hit one again. Big time!
You cannot run an economy where Inflation rates based on an RPI are higher that the Interest rate!
We learned that in the 70’s / 80’s and history is about to repeat itself worse than ever!

Sh!t about to hit the fan big time, I reckon.

So true.I remember in the early mid eighties when inflation was around 9% which is roughly the same as it is now.However interest rates were then around 10 % iirc.

 

[ollie989898]

So you haven’t noticed that gold has gone up against the dollar over the decades? You are trying to complicate. Simple point. If you print more money the value of it declines against real assets. It really is that simple and always has been. Money is necessary but it is what it is. The value of one currency against another is irrelevant to the simple point.

The value of gold has gone up? Well yes, but so has demand. I am not sure if production of gold has kept pace, I suspect it has increased but not that hugely.

Either way, the value of a commodity or item is whatever the market determines it to be worth. Demand and supply nothing more. Gold might be an attractive proposition because the supply is steady and necessarily finite in a way but then if there is little risk there is generally little reward. It's up to each person to decide their own poison.

Plenty of money made on forex markets and stock markets. The value of just the activity in London is off the scale. I wouldn't worry about any debt clock or public debt or any of the above. Provided people are still buying dollars and sterling, we're good to go.

 

[Hilly]

Gordon brown sold our gold , russia has lots russia has no debts.

 

[livestock 1]

Gordon brown sold our gold , russia has lots russia has no debts.

Yes they have prepared for this for years . Transporting refugees from Syria and dropping them off in Poland to de stabilise Europe all this doesn’t happen by accident

 

[ollie989898]

Gordon brown sold our gold , russia has lots russia has no debts.

If you think the Russians are sitting pretty I would strongly recommend you go there and see how 90% of their citizens live in what is essentially third world conditions whilst their government throws money at nuclear weapons, a space program and other toys.

 

[Hilly]

Yes they have prepared for this for years . Transporting refugees from Syria and dropping them off in Poland to drop stabilise Europe all this doesn’t happen by accident

Putin is a tactician, his entire rise has been down to great tactics that others cant see .

 

[livestock 1]

Yes but that got nothing to do with their project they don’t care

 

[Ffermer Bach]

IMO the problem up here is the complete lack of any opposition leader of any ability or substance to challenge the SNP. Wee nippy has the whole press barking to her tune as well, so she doesn’t face any unwanted questions.
There have been a whole host of open goals up here for a decent opposition leader to take the snp down and all have been missed. And all the time the Braveheart nationalists keep marching and demanding independence, while never actually considering what the reality is.

Of course having a clown in No10 only adds fuel to their cause.

I am always amazed that the nationalists want to break up the most successful union in history, because there is a prime minister of the UK in London who they don't like, and will only be PM for at most one more parliamentary term!

 

[livestock 1]

Putin is a tactician, his entire rise has been down to great tactics that others cant see .

He has been relying on the western economies to buy gas electricity coal farm produce for years and now he’s realised he can’t be done without so he’s using his position to the best of his ability

 

[Hilly]

I am always amazed that the nationalists want to break up the most successful union in history, because there is a prime minister of the UK in London who they don't like, and will only be PM for at most one more parliamentary term!

IScum of the earth, neds .

 

[ollie989898]

He has been relying on the western economies to buy gas electricity coal farm produce for years and now he’s realised he can’t be done without so he’s using his position to the best of his ability

Not for much longer. If governments want off Russian gas, it can be done.