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VOTE SUNAK

£500K is well above the median house price in all regions of England, apart from London, where the median price is around £500K. The figures I saw are just over a year old but, hopefully, have not changed too much.
 
Whilst I wouldn't for a minute argue that £500k is cheap, it's certainly not what rich people are living in.
 
matt j said:
The VAT cut isn't for passing on, I thought it was to give the business a boost. The £10/50% offer is for customers.
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You don't think they'll up the price list to compensate? It's been a while since they've been open so who would know? Sorry, I'm perhaps getting a little too cynical in my old age. As you were.
 
I have no great problem with the policies announced today, they may help a little (though I strongly suspect not much).

I have a big problem with Sunak dishing out plates to diners in a restaurant as a photo opportunity.
If they really think that is the best use of his time....gawd help us..

And the bumbling getting the table wrong...that is the message they are putting out. ..p**sup in a brewery..not.

And don't forget..50% off eat out deals!!

Maybe they have taken on some marketing consultants laid off from Tescos.

Self preservation from the top...take their lead.
 
gavreid said:
It is possible that we will have a boom scenario between now and April next year when a disproportionate number of people are buying at higher prices followed by softer prices when the scheme ends and asking prices are adjusted.

Arguably the real winners will be purchasers of higher value properties who have just had £15k knocked off their completion bill, not the people it was intended for.
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Winners? When softer prices kick in as you say above, they'll feel like losers, having paid over the odds. It's all conjecture; whereas the property market could be reasonably accurately predicted, unlike the stock market, supply and demand will no longer count for much in a severe recession. I've lived through and bought/sold through too many slumps since the mid seventies.
 
Anything...anything at all...they can do to prop up the property market is in play. That is all they have, it's been the same for some years.

It's all going to end in tears for most.
 
Arkless Electronics said:
I found it a little like I would imagine living in a foreign country that happened to share the English language to be in some respects... I guess just aspects of the look, the feel, the smells(pollution!) and vibe and its internationalism being so different from anywhere else in the country. I could see how easy it was to become "London centric" though as this "different country-ness" can make it seem like anything happening outside London is "abroad" somehow and so less relevant/important.
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Actually, London is a conglomeration of various small towns and villages rather than a single place. North and South of the Thames have very different vibes, and South-West London is nothing like South-East London. I lived in SE London, and used to commute into Central London every day. It was a short, but very crowded train journey. God knows what it'd be like now.

Mrs H was born and brought up in London, and moving to what she regarded as 'the provinces' took some getting used to on her part. She flatly refused to move anywhere north of Watford, and used to laugh at the local television news. (In London, 'local news' is more or less the same as 'national news').
 
Tony L said:
I loved living in That London. Just great from an arts and culture perspective, it is alive and vibrant with little if any of the backward-looking ‘little-Englander’ bullshit that blights so much of this country. It also seemed far more of a meritocracy in that jobs and opportunities are available so if you have a brain you can get on. The housing market was a joke though. Even as a fairly well paid IT specialist the options of getting on the housing market anywhere in Zone 1 or 2, which is where I wanted to be (I lived in Shepherds Bush), was all but impossible. I miss it a lot to be honest.
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When I moved there, in the late '70s, there were still reasonably cheap areas not too far out. After sleeping on friends' floors for a month or two, I moved into a grotty bedsit in Greenwich (15 minutes by train to Central London where I worked). My rent was £10 a month. We all got booted out when the landlord refused to provide hot water to the bedrooms and fit a fire escape, but by then I'd saved up enough for a deposit on a one-bedroom flat in a nicer part of Greenwich, bordering on Blackheath. Even when we bought our first house, a three-bedroom end-of-terrace, in 1984, we still only paid £45,000. It must be worth about twenty times that by now.
 
Joe Hutch said:
My rent was £10 a month.
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At the end of my time in That London my rent was the wrong side of £800 a month before bills and council tax, that was late-90s. A modest two-bed flat in Shepherds Bush. It was that amount of cash just vanishing down a black hole every month that made me give up and move back to Liverpool where I could buy somewhere very nice for a lot less than that.

PS By fluke I did it at exactly the right time during Blair’s ascendency and my city centre apartment doubled in value in just a couple of years, hence pfm being viable as I got out and bought my current more downmarket house outright for cash.
 
Nick_G said:
His insistence on supporting Dominic Cummings after his little jaunts up north is a deal-breaker for me. It's a sign that he may not be as benevolent as some people here seem to think.
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It's a racing certainty.

I'm still trying to understand quite where this is going but whatever.. the rich will not suffer. Fill in the dots.
 
Joe Hutch said:
I quite liked living in London, but it just got too noisy/crowded/polluted. I doubt I'll move back there (as if I could afford to!)
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I lived around E1 and E8 for most of my 22 years in that there London. When I first moved there in 1994 the South Bank was a rather windswept place where one could browse the 2nd hand books in peace and have a drink in the NFT cafe before being one of about 10 people nursing their hangovers whilst watching an old film noir in cinema 3. It's now like a perpetual Notting Hill Carnival 7 days a week.

The redevelopment of Spitalfields and the closure of the Spitz and the revamping of Denmark Street and the closure of the 12 Bar were the last nails in the coffin of my London. The discovery that Dalston had become Hipster central was just plain weird. Unbelievably, Croydon appears to be the new Hackney - full of cheap spaces you can hire out for gigs and parties and any other kind of pop up you fancy.
 
When we were house-hunting in the mid-80s, and contemplating a move away from SE London, someone said that Bow was 'up-and-coming'. Mrs H vetoed the idea of moving there, as she saw the East End as bandit territory. Now, areas that we would have avoided like the plague (Peckham, for example) are becoming hip 'n trendy.
 
On R4 this morning St Rushi again stated the the British economy was particular in being consumer led and led ‘especially by social consumption’.

Is an economy based on social consumption sustainable? Especially when that consumption is driven by debt.

If social consumerism is not a sound basis on which to build an economy that is sustainable and resilient enough to withstand the next crisis, what needs to change?
 
ks.234 said:
On R4 this morning St Rushi again stated the the British economy was particular in being consumer led and ‘especially social consumption’.

Is an economy based on social consumption sustainable? Especially when that consumption is driven by debt.

If social consumerism is not a sound basis on which to build an economy that is sustainable and resilient enough to withstand the next crisis, what needs to change?
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We need to bring back coal mines, steel mills, and clogs.
 
ks.234 said:
On R4 this morning St Rushi again stated the the British economy was particular in being consumer led and ‘especially social consumption’.

Is an economy based on social consumption sustainable? Especially when that consumption is driven by debt.

If social consumerism is not a sound basis on which to build an economy that is sustainable and resilient enough to withstand the next crisis, what needs to change?
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Yes I heard that too

It's concerning and depressing. Just buy endless shite and stick it on the plastic. God knows where this will lead.
 
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