[DaveO]

Re: No More Arguments: Austerity is Working! : Thu Mar 20, 2014 1:04 pm  

Mintball wrote:

But I detest this entire thing about being expected to become an expert yourself – and certainly not being able to simply trust those working in banks to be genuinely helpful.

You try to be sensible/responsible, but things are stacked to work against you.

This is going to be a huge issue now the over 55's can raid their pension pots for the cash. Annuity rates are rubbish and I am sure people having to buy one now don't relish the idea but the alternative is invest it yourself (or just blow it as I am sure some will do).

The idea you would rely on a financial advisor or banks staff to offer decent advice is a concept long dead.

Some people will really like this idea but forget as they age their mental capacity often declines and even the well-informed get ripped off or persuaded to make risky investments.

I can see a disaster in the making.

Re: No More Arguments: Austerity is Working! : Thu Mar 20, 2014 3:40 pm  

Regardless of what people make of that poster, it has made for tens of spoof alternative posters (which are more true), and led to 'ToryBingo' trending on Twitter, one of the funniest trends I've seen in regards to what people are typing.

Re: No More Arguments: Austerity is Working! : Thu Mar 20, 2014 5:16 pm  

DaveO wrote:

This is going to be a huge issue now the over 55's can raid their pension pots for the cash. Annuity rates are rubbish and I am sure people having to buy one now don't relish the idea but the alternative is invest it yourself (or just blow it as I am sure some will do).

The idea you would rely on a financial advisor or banks staff to offer decent advice is a concept long dead.

Some people will really like this idea but forget as they age their mental capacity often declines and even the well-informed get ripped off or persuaded to make risky investments.

I can see a disaster in the making.

Its already been disastrous for pension/annuity providers with their shares crashing to the floor just minutes after Gideon's brave new idea, many of which are the same pension managers looking after current savers pots, which means they will crash too, nice days work.

I'm looking forward to cashing in all of my pension plans in eight years time and then going for a nice fish and chip meal with a glass of Vimto on the side, and if the pension pot stretches to it I might even take the wife and pay for hers too.

Re: No More Arguments: Austerity is Working! : Thu Mar 20, 2014 6:03 pm  

DaveO wrote:

Of course it was for privileged. Only the privileged can afford to shove £15K into an ISA or will have built enough up in a pension to make it worthwhile to withdraw it.

How did you benefit? Are you about to start shovelling £15K a year into an ISA (despite the fact interest rates remain a pittance)?

Do you have child care costs of £10K so you can get a £2K of tax relief on those?

Are you 55 or older and have enough money in your pension pot to withdraw it and invest in a buy to let?

Or are you suggesting you are better off because of the changes to the personal income tax allowance having completely forgotten about the fact it is just not going to make up for the rise in energy prices you have already experienced or the fact you will continue to pay VAT at 20%?

In short, why are you so easily fooled?

You do know how ISA's work? Don't you? You don't have to shove the whole 15k in at once.
You should campaign to have them banned, they're nothing but a tool for the rich! Bloody Labour party, they're the ones to blame, they kept increasing the limit, purely to benefit the privileged few. One of the increases only applied to the over 50's!! FFS Harumph harumph harumph. This was about the same time that the Labour party abolished the 10p tax rate, screwing millions of the poorest in society! More Harumph harumph harumph. And still fools vote for them, why are they so easily fooled?

What energy price rises have I experienced? Just how much have my bills gone up since 2010? I'm intrigued how you know this info.
Aaah VAT, that old chestnut, yes, it's appalling that everything that once cost £99.99 now costs £102.

Re: No More Arguments: Austerity is Working! : Thu Mar 20, 2014 6:15 pm  

Mintball wrote:

So Gove was wrong, eh?

Wrong about what? Too many public school "graduates" in the cabinet/government? Yes and no. Unfortunately it's symptomatic of all the major parties, people who toe the line are drafted in to contest seats, but then the electorate do their bit and vote for them. I don't expect anything else from the Tories, but to listen to the Labour leader bleating on about privilege and millionaire "friends" when he gets a lift to Hull City in a Bentley takes the mickey a bit. (Bit of football for JerryChicken)

Re: No More Arguments: Austerity is Working! : Thu Mar 20, 2014 8:04 pm  

BobbyD wrote:

You do know how ISA's work? Don't you? You don't have to shove the whole 15k in at once.
You should campaign to have them banned, they're nothing but a tool for the rich! Bloody Labour party, they're the ones to blame, they kept increasing the limit, purely to benefit the privileged few. One of the increases only applied to the over 50's!! FFS Harumph harumph harumph. This was about the same time that the Labour party abolished the 10p tax rate, screwing millions of the poorest in society! More Harumph harumph harumph. And still fools vote for them, why are they so easily fooled?

What energy price rises have I experienced? Just how much have my bills gone up since 2010? I'm intrigued how you know this info.
Aaah VAT, that old chestnut, yes, it's appalling that everything that once cost £99.99 now costs £102.

Doesn't change the FACT that unless the interest rates change, they're absolutely no better than a good, old-fashioned deposit account (and at least you knew where you stood with those).

And there are not a huge amount of people on here who would not criticise Labour for all the same things, so get over yourself and your blatant tribalism.

Re: No More Arguments: Austerity is Working! : Thu Mar 20, 2014 8:06 pm  

BobbyD wrote:

Wrong about what? Too many public school "graduates" in the cabinet/government? Yes and no. Unfortunately it's symptomatic of all the major parties, people who toe the line are drafted in to contest seats, but then the electorate do their bit and vote for them. I don't expect anything else from the Tories, but to listen to the Labour leader bleating on about privilege and millionaire "friends" when he gets a lift to Hull City in a Bentley takes the mickey a bit. (Bit of football for JerryChicken)

Well done for trying to swerve the point.

Gove didn't criticise his own party for "too many public school "graduates" in the cabinet/government", he pointed out the 'toffs' thing.

And looking at their latest social media performance, he's damned right.

But well done for trying to pretend that:

a) you don;t understand what Gove was on about;

b) deflect from your masters.

Now go away and tug your forelock.

Re: No More Arguments: Austerity is Working! : Thu Mar 20, 2014 9:26 pm  

Mintball wrote:

Well done for trying to swerve the point.

Gove didn't criticise his own party for "too many public school "graduates" in the cabinet/government", he pointed out the 'toffs' thing.

And looking at their latest social media performance, he's damned right.

But well done for trying to pretend that:

a) you don;t understand what Gove was on about;

b) deflect from your masters.

Now go away and tug your forelock.

Trying to swerve what point? I've only heard soundbites as to what to Gove said. Hence the question mark.

My masters? Who are they?

Re: No More Arguments: Austerity is Working! : Fri Mar 21, 2014 9:23 am  

BobbyD wrote: Trying to swerve what point? I've only heard soundbites as to what to Gove said. Hence the question mark. Sky News report on it on Gove saying that the number of Etonions in government was "ridiculous". BobbyD wrote: My masters? Who are they? The Eton lot who would probably rather like there hoi polloi to tug their forelocks as in days of yore, and who are running this country not for the benefit of the mass of the population but for the few, plus corporate interests. Those who think that the hardworking "they" can be simply characterised as liking bingo and beer, and bought off with a penny cut to the latter and perhaps a little more to the former, rather than anything that might actually improve, say, their incomes.

BobbyD wrote: Trying to swerve what point? I've only heard soundbites as to what to Gove said. Hence the question mark. Sky News report on it on Gove saying that the number of Etonions in government was "ridiculous". BobbyD wrote: My masters? Who are they? The Eton lot who would probably rather like there hoi polloi to tug their forelocks as in days of yore, and who are running this country not for the benefit of the mass of the population but for the few, plus corporate interests. Those who think that the hardworking "they" can be simply characterised as liking bingo and beer, and bought off with a penny cut to the latter and perhaps a little more to the former, rather than anything that might actually improve, say, their incomes.

Re: No More Arguments: Austerity is Working! : Fri Mar 21, 2014 3:07 pm  

Mintball wrote:

Doesn't change the FACT that unless the interest rates change, they're absolutely no better than a good, old-fashioned deposit account (and at least you knew where you stood with those).

And there are not a huge amount of people on here who would not criticise Labour for all the same things, so get over yourself and your blatant tribalism.

Cash ISAs are a waste of time. Stocka and shares ISAs are potentially more appealling.