Off Topic Politics Thread

The tragedy is, in saying all that, he's trying to give the average working man the message he wants to hear.

 

The Conservatives will set out plans to "reward work" by giving young people a £5,000 tax rebate towards their first home when they get their first full-time job. So where are these houses going to be?

 

£5000 for your first home when you get your first job is like offering 50p off a brand new Ferrari when you claim Universal Credit.

 

Cloud cuckoo land.

 

John Crace's political sketch. Always biting.
https://www.theguardian.com/politic...politics-differently-you-cant-argue-with-that
"Conservative leader has achieved the seemingly impossible: she has taken the Tories even further backwards"

 

No contract in the offering for Stannah at the White House then?

 

Nothing uplifting in that guilded doghouse.

 

£5k is actually a good chunk of a first time deposit, particularly with 5% mortgages becoming more accessible. Especially for those buying as a couple.

The issue with that policy is that cash handouts don't fix a broken system. It's simply papering over the cracks and as we have seen with other schemes that aim to improve buying power, it could be inflationary.

 

I don’t think the vast majority of people working their first jobs can afford a home in the current climate with £5k towards a mortgage.

 

Read all about it PE out now.
"Tory leader Kemi Badenoch tried to grab some US far-right energy recently by publicly meeting with Turning Point UK (TPUK) to mourn assassinated US activist Charlie Kirk, a close ally of Donald Trump.
TPUK is the British wing of Kirk’s group, Turning Point USA, which claims to be the “largest Conservative student movement” in the US with groups at more than 3,500 universities and high schools.
TPUK’s efforts to build a similar movement among university students over here failed miserably, and instead it now arranges foul-mouthed street protests with groups of “patriots”.
Full story online and in the latest issue: https://www.private-eye.co.uk/hp-sauce
For the rest, including cartoons, Pseuds, Dumb Britain and all the other regulars, you’ll have to buy the magazine.”

 

As someone on a 5% deposit mortgage, the issue will then be that the monthly repayments are very high.

Luckily both Wife and myself are average earners, so between us we can cover it. But on your own I would wager you would need to be pushing £70-80k a year to afford our monthly repayments. This is for a 3 bed semi detached though, I suppose a single person may opt for a flat (leasehold is a nuisance) or a 2 bed house but the issue still stands to a point.

 

They don't need to use the money whilst in their first job. They get rebates of up to £5k put into a savings account of their choice whilst working their first job. So you save £5k over the course of your first job, which can then be used on a deposit (or whatever you choose). The issue isn't the amount being given, its that they aren't actually fixing a problem, they're simply throwing money at it.

 

Os will appreciate the £5K when he finishes his Media Studies course.

 

But he can’t reply to this!

 

All the better.

But IOAG will probably feel the need reply on his behalf. Bless.

 

Is there really any need to sound quite so condescending?