https://www.ubs.com/global/en/family-office-uhnw/reports/billionaire-ambitions-report-2023.html
Westminster Politics 2024-2029
- Thread starter Pexbo
- Start date
Read his trading game book last month - It was interesting.
I lived in flats as well and grew up in them.
I was just given you an example, oh the flats take even longer to build - but I agree.
Then when they get pissed off with the stairs, they'll either save or move into rented
Sorry man. Thought you thought I was confused about population increases.
Blocks of houses really don’t take longer to build though. Just write legislation that decrees all have outdoor space, light, and adequate heat and it all works.
But honestly… nobody is getting pissed off with two flights of stairs. Younger people live in them. It’s a non issue. Younger people are open and welcoming and desirous of community. That’s the bit that this country isn’t fostering. It’s all silo’d small world stuff. All the while bemoaning that we don’t have what we used to have. It’s like ‘B1tch we WORKED for that!’ - The war time and post war period that our nation fetishises was built on discomfort, but birthed a certain beauty.
Just do all that again. Increase density in Cities without building these glass-laden Chinese-bought 20+ story apartment blocks. Build medium density homes en masse. Throw them about. No architects. Exactly the same foundational plans, elevations and specs.
Let me go to the commuter belts of London, Manchester, Leeds, Liverpool, Birmingham in 25 years time and see identikit housing the same way I can now. I can go to Sheffield or Brighton or Bristol and walk in to experience the EXACT same floor plan that the terraced house I rented in Greenwich was built to. (I know this because I’ve experienced it in those 3 places).
This country needs a bold strategy that’s updated for 2024. The idea that we just do the same dumb shit, rewarding historic wealth through means of qualified boomer wealth supporting it is INSANE.
Have you ever moved to a new place? Or taken a new job? Or gone somewhere temporarily? A lot of people don't want to commit to buying a house even if they could and the UK has this weird obsession with home ownership that doesn't exist in other countries.
And as for your belief that other people shouldn't pay for your pension, maybe that is right, but have you ever looked how much you pay in national insurance vs what you will get from a state pension? Somebody else will be paying for that. And if you work in the public sector only a couple of the hundreds of pension schemes are fully funded i.e somebody else (the taxpayer) is funding those pensions too. It's not a unique concept and the breakdown has been that a previous government created conditions where housing was the pension of choice.
My guy, I feel you’re putting wind in my sails, but add some personal insight for me to run with…
It’s all gross.
From September 2023 in the FT: https://www.ft.com/content/9ad06ae8-5dd1-4067-93da-6ca12bedd7d9.
The only personal insight I have is that I have done some work for a few years now campaigning for wealth taxes. Which has been a little like shouting at a hurricane telling it to go away, but hey ho.
I find it bizarre when UBS, a wealth management company, is basically saying "maybe we don't want to travel down this path".
Yes I’ve moved to a new place.
Yes I’ve moved for a job.
Yes I’ve gone somewhere temporarily.
Your opening gambit falls apart whichever way it turns.
Some countries don’t obsess over home ownership as rental costs allow them to live a full life. Yay! That works.
Solutions?
-Keep rents at 25% (40%) of average local (joint) income, for a home that meets their basic human needs. That’s fecking nirvana.
Do you object to that?
I asked you for a %, and conceded that I don’t know the number either. You probably think it’s close to what it already is. I think it’s a tenth of that.
With regards to your pension question… yes. I’ve looked. I’m GOOD with it. I have lots. I know that the majority have less than me. So I’m HAPPY to be on the wrong end of the shitty stick.
That people like you get cross with that?… honestly man.. Society
"self-made billionaires", comedy gold right there
Fantastic arguments.
Ratcliffe was born in Failsworth, Lancashire (now in Greater Manchester), his father worked as a joiner, and went on to run a factory that made laboratory furniture. His mother worked in an accounts office.
It's not that farfetched.
Ratcliffe was born in Failsworth, Lancashire (now in Greater Manchester), his father worked as a joiner, and went on to run a factory that made laboratory furniture. His mother worked in an accounts office.
It's not that farfetched.
I listened to it on Spotify, was good wasn’t it!
Never heard of him.
You’re missing every year of decisions in the middle. At every single turn it’s a question of ‘enrich myself or reward all those that work for me’. At every turn he made a choice.
There MAY be a discussion around some online Billionaires like Mr Beast. But still… it’s a measure of ‘let me show you how I’m helping several’ while the collective consumes that content.
Capitalism is a broken idea. At every turn.
From September 2023 in the FT: https://www.ft.com/content/9ad06ae8-5dd1-4067-93da-6ca12bedd7d9.
The only personal insight I have is that I have done some work for a few years now campaigning for wealth taxes. Which has been a little like shouting at a hurricane telling it to go away, but hey ho.
I find it bizarre when UBS, a wealth management company, is basically saying "maybe we don't want to travel down this path".
Oh mate. Two of my closest mates work at UBS and say the same. I worked at an Investment fund that was sending up the same signals a decade ago.
But it’s the latest stage of Late Stage Capitalism. The dissolution of society… with every single person feeling like they don’t have enough.
Covers wealth inequality extensively.
I see the Tories haven’t changed. Batshit crazy.
Im not cross but pointing out the flaw in your entrenched position. If you're okay with somebody else funding your state pension, or somebody else funding the pension you get from your local council job, why aren't you OK with somebody else funding the buy to let you use for your retirement income?
One cripples the housing market, one cripples the civil service, one will probably cripple the entire country in time.
In an ideal world housing wouldn't be used as a pension scheme but Gordon Brown let that genie out and its going to be virtually impossible to put it back.
Haha I mean I would be pissed if this smoking in a pub garden ban came to play (I understand the rational, but there are few greater joys than beer and cigs in a garden over summer). But feck me if I’m going to equate it to literal arrest and silencing.
Esther McVey could very well be dumber than Liz Truss.
The smoking ban is popular
This is pretty ironic coming from a landlord
Maybe you could shed some insight on this obsession, person who owns an additional home they don't need
It is important to remind ourselves, and I have to write it down every so often to make sure it wasn't some nightmare, that she was made minister for common sense, for which she was paid £144,000 a year plus expenses by the state.
It gets worse.
All of a sudden I support an outdoor smoking ban.
Was it not Sunak and the Tories who started the ball rolling on the smoking ban anyway?
Poundland Bogart was one of my favorite porn stars.
From the Times
To be fair government contracts are generally worth their weight in gold for companies look for a boost to their revenues! The due diligence & tendering processes are pathetic.From the Times
Then ofcourse there is TAXING THE BILLIONAIRES & CLOSING LOOPHOLES!!!
So she is trying to save £3.3 billion with those cuts.From the Times
A reminder, the very first spending announcement starmer made as PM was £3 billion, per year, to Ukraine, for 'as long as it takes'.
They'll make that back with the extra business they're planning on doing with Israel.
It would cost the UK a great deal more than £3bn on the defense budget if Russia defeats Ukraine.
I just watched BBC News for a couple of minutes while I was eating my lunch. They had a piece on the overcrowding in prisons, a piece about the state of Hospitalises, and a piece on releasing sewage into the rivers. This is all horrible and matters that Labour have to get a grip off.
I can't help wondering where this type of story was over the past 14 years though.
I can't help wondering where this type of story was over the past 14 years though.
Austerity broke everything just enough so that it didn't all collapse, then we had:
- Brexit
- Russia invading Ukraine
- Covid
All of which, individually, would strain a state's systems, but all three came relatively quicker after each other, put a strain on a barely functioning set of systems, and they all snapped.
Plus, people don't generally care about prisons (especially, who cares about people who've broken the law!) or hospitals unless there's either:
- some outrageous prison escape
- some major failing of the NHS or care service
'Ants are everywhere': Labour MP's tenants reveal state of flats
https://www.bbc.co.uk/news/articles/clyg1j0lv1goA Labour MP rents out flats with black mould and ant infestations, the BBC has discovered.
Jas Athwal, the newly-elected MP for Ilford South, owns 15 rental flats, making him Parliament's biggest landlord.
In one block of seven flats owned by Mr Athwal nearly half the tenants said they had to regularly clean their bathroom ceilings to remove mould.
The BBC also saw evidence of ant infestations in a number of the seven properties.
"The ants are everywhere," one resident said, pointing to insects climbing up a door frame. "They are on my kid’s body and on their clothes."
Another resident said they had been threatened with eviction by the letting agent if they complained about problems in their flat or started claiming benefits.
Mr Athwal said the properties were managed by an agency, he had not been aware of these problems, and denied any tenant had been threatened with eviction.
He said he did not take on tenants on housing benefit to avoid conflicts of interest with his role as the local council leader.
He described himself as a "renters’ champion".