Originally posted by gingerjedi
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Tory spat over Cameron's plan to purge Central London of poor people
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“The period of the disintegration of the European Union has begun. And the first vessel to have departed is Britain” -
Originally posted by TonyEnglish View PostNo I think he's bitter because he works to pay his rent rather than sit at home and expect others to do it for him.Comment
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Originally posted by lukemg View PostBill for housing benefit has apparently gone up from £14bn (already huge amount) to £21,000,000,000 in 10 years.
£14bm -> £21bn is a 50% increase, over 10 years that's a year-on-year increase factor of . Otherwise known as 4% a year. Which is really not much more than inflation.Originally posted by MaryPoppinsI'd still not breastfeed a naziOriginally posted by vetranUrine is quite nourishingComment
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Originally posted by d000hg View PostOtherwise known as 4% a year. Which is really not much more than inflation.Comment
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What's wrong with this story?
£80,000 a year and no chance of mortgage
Katie Buckett, 26, and her engineer boyfriend Matt Hancock have been unable to secure a mortgage in London despite a combined income of £80,000. They are renting a one-bedroom flat in Battersea, cutting down on luxuries in an effort to get a foot on the housing ladder.
She said: "We looked into getting a mortgage and I spoke to my bank, but they just laughed and said I don't have a chance at the moment.
"It's a no-win situation. Rent costs a lot of money that we could be saving, but we're really trying to cut back."
The couple' rent is £1,200 a month, with bills adding £330. The ubiquitous student loan costs £350 and other loans a further £400.
They typically save £760 a month, and they have now made further lifestyle cuts including food bills. "I don't know how long it can continue," Katie said. "I could be 30 and still not have my own place. It's ridiculous."
Here's a few radical ideas:
1. Move out of Battersea to somewhere where your rent is half of what is is now - I know a 1.5/2 hour commute into work is tough but...
2. Stop trying to save up £760/month with loan repayments of £750/month to make. Those loan repayments might have something to do with the bank laughing at your mortgage applications. Pay off the loans then start saving.
3. Cut down on more luxuries - if you're earning £80k and only putting £760 away WTF do you expect?
"I could be 30 and still not have my own place. It's ridiculous."....."Is someone you don't like allowed to say something you don't like? If that is the case then we have free speech."- Elon MuskComment
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Originally posted by d000hg View PostNice way to present the data in a misleading way by adding lots of extra zeros.
£14bm -> £21bn is a 50% increase, over 10 years that's a year-on-year increase factor of . Otherwise known as 4% a year. Which is really not much more than inflation.Rule Number 1 - Assuming that you have a valid contract in place always try to get your poo onto your timesheet, provided that the timesheet is valid for your current contract and covers the period of time that you are billing for.
I preferred version 1!Comment
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Originally posted by AtW View PostDid science/research budgets increase by 50% in the corresponding periods? Even at £14 bln it's too ****** high - whole of UK transport gets £10 bln, culture - £5 bln ffs. For this sort of money it makes sense to build lots of houses BUT not in expensive London.Originally posted by MaryPoppinsI'd still not breastfeed a naziOriginally posted by vetranUrine is quite nourishingComment
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Originally posted by Jog On View Post[URL="http://www.thisislondon.co.uk/standard/article-23892352-pound-80000-a-year-and-no-chance-of-mortgage.do"]
Here's a few radical ideas:
1. Move out of Battersea to somewhere where your rent is half of what is is now - I know a 1.5/2 hour commute into work is tough but...
Originally posted by Doggy Styles View PostLet's get some perspective here. Your total is £26K a year untaxed, the equivalent of a salary of over £30K.
Yearly
Gross Income £37,834.65
Taxable Income £31,359.65
Tax £6,271.93
National Insurance £3,533.16
Student Loan £2,055.12
Take Home £25,974.44It's about time I changed this sig...Comment
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Originally posted by d000hg View Postfrom £14 -> 21bn in a decade isn't anything shocking.Comment
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Originally posted by AtW View PostDid average salary go up in the same time by 50%???!?!
£14 bln is shocking, and having it to up to £21 bln is totally crazyLast edited by d000hg; 29 October 2010, 15:08.Originally posted by MaryPoppinsI'd still not breastfeed a naziOriginally posted by vetranUrine is quite nourishingComment
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