Rummy Posted July 12, 2016 Posted July 12, 2016 I'm backing Corbyn until someone worthwhile comes to oppose him. Of all the politicians I see there's something about him that appeals to me most(or rather least unappealing) than the others. He actually makes me want to vote Labour now, and if he can do that for me - how many others can he do it for?
Rummy Posted July 12, 2016 Posted July 12, 2016 I'm backing Corbyn until someone worthwhile comes to oppose him. Of all the politicians I see there's something about him that appeals to me most(or rather least unappealing) than the others. He actually makes me want to vote Labour now, and if he can do that for me - how many others can he do it for?
Ashley Posted July 12, 2016 Posted July 12, 2016 (edited) For a left-leaning paper it is pretty damning on the Labour Party. Labour currently provides nil opposition. I've always found its left-leaning in the sense it will give voices to the left, but not without criticism if needed. Unlike most right-leaning papers who outright attack Corbyn for no reason. I read something yesterday (and I completely forget where) which basically highlighted how Corbyn is a lot of things we say we want from politicians - honest, not careerist, not claiming great expenses (I heard £9 but not sure how true that is), down to earth (i.e. still uses public transport) etc etc - but for some reason the general public has rejected him (probably because of the character assassination from a lot of media). He's not perfect and I'm not an ardent fan. If someone came along that I felt represent what the Labour party should be about while being more generally "liked" (which is unfortunately what it's become - a popularity contest) then sure. But I don't believe that person is Angela Eagle. Kudos to the Lib Dems for some top notch trolling. Edited July 12, 2016 by Ashley
Ashley Posted July 12, 2016 Posted July 12, 2016 (edited) For a left-leaning paper it is pretty damning on the Labour Party. Labour currently provides nil opposition. I've always found its left-leaning in the sense it will give voices to the left, but not without criticism if needed. Unlike most right-leaning papers who outright attack Corbyn for no reason. I read something yesterday (and I completely forget where) which basically highlighted how Corbyn is a lot of things we say we want from politicians - honest, not careerist, not claiming great expenses (I heard £9 but not sure how true that is), down to earth (i.e. still uses public transport) etc etc - but for some reason the general public has rejected him (probably because of the character assassination from a lot of media). He's not perfect and I'm not an ardent fan. If someone came along that I felt represent what the Labour party should be about while being more generally "liked" (which is unfortunately what it's become - a popularity contest) then sure. But I don't believe that person is Angela Eagle. Kudos to the Lib Dems for some top notch trolling. Edited July 12, 2016 by Ashley
Rummy Posted July 12, 2016 Posted July 12, 2016 Yeah I've been reading a lot of Guardian articles recently with everything happening - there's certainly been articles/PoVs from people who clearly aren't all that lefty, but I find that too quite refreshing to see. Balance! What a mad concept. Well, of sorts, I'm mostly reading 'left leaning' stuff so who knows where the full balance is. I also completely agree with you on Corbyn. I don't understand why there's such umbrage taken with him. I don't know about the £9 figure, but he reportedly does have one of the lowest expenses claims amongst those of the house. Just like yourself too, I'm sharing a lot about him on fb but I'm taking him as my least disliked politician, really. As you say if someone else came along that I felt did what I wanted better, I'd be behind them too. I'm just not seeing it of anyone yet. The LibDem troll is pretty hilarious :p! Such fucking irony considering May and Cameron apparently expressed sentiments against Brown when he took over after Blair, calling for another election. That's what I hate so much about all these fucking politicians, they're absolute walking contradictions - yet Jeremy Corbyn for whatever is being thrown at him doesn't actually seem to be. I feel like I could, god forbid, actually trust the man to try and do what he says he's going to!!
Rummy Posted July 12, 2016 Posted July 12, 2016 Yeah I've been reading a lot of Guardian articles recently with everything happening - there's certainly been articles/PoVs from people who clearly aren't all that lefty, but I find that too quite refreshing to see. Balance! What a mad concept. Well, of sorts, I'm mostly reading 'left leaning' stuff so who knows where the full balance is. I also completely agree with you on Corbyn. I don't understand why there's such umbrage taken with him. I don't know about the £9 figure, but he reportedly does have one of the lowest expenses claims amongst those of the house. Just like yourself too, I'm sharing a lot about him on fb but I'm taking him as my least disliked politician, really. As you say if someone else came along that I felt did what I wanted better, I'd be behind them too. I'm just not seeing it of anyone yet. The LibDem troll is pretty hilarious :p! Such fucking irony considering May and Cameron apparently expressed sentiments against Brown when he took over after Blair, calling for another election. That's what I hate so much about all these fucking politicians, they're absolute walking contradictions - yet Jeremy Corbyn for whatever is being thrown at him doesn't actually seem to be. I feel like I could, god forbid, actually trust the man to try and do what he says he's going to!!
ipaul Posted July 13, 2016 Posted July 13, 2016 I think the Labour party's decline may now be terminal. I can't see any way out of the woods for them on this. Corbyn, for all of his (very agreeable) anti austerity politics is completely unelectable. He also at various points supprted the IRA, Hamas/Hezbollah, Hugo Chavez and has a full on Stalinist as his spin doctor. He's not a decent man, as people so often like to state, and has suffered 'character assasination' for very good reason. The tories will now rule for a very long time to come.
Ashley Posted July 13, 2016 Posted July 13, 2016 I think part of the problem is he's suffered character assassination for the wrong reasons. You can find fault in his actions and beliefs. If you can't find any further than the depth of his bow or the volume of his singing then perhaps you shouldn't be trying to make a point about his character.
ipaul Posted July 13, 2016 Posted July 13, 2016 I think part of the problem is he's suffered character assassination for the wrong reasons. You can find fault in his actions and beliefs. If you can't find any further than the depth of his bow or the volume of his singing then perhaps you shouldn't be trying to make a point about his character. I know what you mean. Much as I dislike him I remember thinking 'Oh come on!' at that sort of 'reporting'. I don't get the endgame for Momentum. Purge Labour of Blairite scabs and then what? Do they seriously believe Corbyn can win a GE?
Charlie Posted July 14, 2016 Posted July 14, 2016 Well at least Jeremy Hunt lost his cabinet position over this. One positive.
Ashley Posted July 14, 2016 Posted July 14, 2016 (edited) I know what you mean. Much as I dislike him I remember thinking 'Oh come on!' at that sort of 'reporting'. I don't get the endgame for Momentum. Purge Labour of Blairite scabs and then what? Do they seriously believe Corbyn can win a GE? I don't know if that is their goal or just to have their/the left voice heard more? Well at least Jeremy Hunt lost his cabinet position over this. One positive. His current position. He's still in the cabinet, just in an unannounced position. ...apparently he's staying. Edited July 14, 2016 by Ashley
Fierce_LiNk Posted July 14, 2016 Posted July 14, 2016 I don't know if that is their goal or just to have their/the left voice heard more? His current position. He's still in the cabinet, just in an unannounced position. ...apparently he's staying. Yeah, it's just been confirmed that he's keeping his post. So close.
Charlie Posted July 14, 2016 Posted July 14, 2016 Yeah, it's just been confirmed that he's keeping his post. So close. His post as Health Secretary or another cabinet position? As long as he isn't the Health Secretary. I know he wasn't really calling the shots but was more of a focal point for a decision that was clearly made by people above him but he was shocking and is hated by the nation now.
sumo73 Posted July 14, 2016 Posted July 14, 2016 I'm still following the aftermath of the EU referendum with the SNP myopic about another referendum, UKIP without a leader, the Conservative leadership race won because everyone else had fallen out or quit and with the Labour party at an impasse fighting their true enemy, themselves. Regardless of the mess, I will give this new PM a bit of time to sort things out since Dave resigned earlier than I thought. However I'm hoping that Jeremy Hunt goes whenever there is the next cabinet reshuffle whenever that is!
Rummy Posted August 4, 2016 Posted August 4, 2016 Wee bump. Pound falls further following an announcement by the BoE to cut base rates to yet another historic low of 0.25%. http://www.independent.co.uk/news/business/news/pound-sterling-bank-of-england-cuts-interest-rates-mark-carney-brexit-eu-referendum-a7171686.html My economics is pretty rudimentary, but surely this is all pretty bad? I mean it's kinda great for me as I'm tracking on my mortgage(sadly not on as much money as I'd like, this'd be a great time to have some spare cash on the lend) but other than for that, or people with debts linked(assuming the cut gets passed on, which it should) - I can't see how this is a good thing?
Ashley Posted August 4, 2016 Posted August 4, 2016 I have some money (essentially savings) in the Santander 123 account because it was the best rate I could get, better than any ISA (without locking it away for a set number of years) and that's supposed to be the type of account I should be saving in but the rates were shit. This is going to make them shitter. Mortgage rates might go down, but the costs of getting property is still going up substantially more so it doesn't benefit me. It just feels like my adult working life (i.e. post graduation in 09) I've worked through either recessions or austerity. It feels like we're constantly being told "we need to get through this for the country" and now with this fuck up its suddenly several more years down the line (5? 10? Nobody really knows because there isn't a fucking plan). I understand today's measures have been designed for the country as a whole but as a 'young person' it just feels like another kick. Another case of the 'life achievements' you're supposed to strive for being pulled away. And the ability to think "well its good for the country as a whole, let's go with it" is difficult when it feels like the country as a whole didn't think about what is good for the country as a fucking whole a month ago so why the fuck should I? I've tried to do the sensible thing (both in terms of my finances and my career choices) and it feels like what's the point?
Eenuh Posted August 4, 2016 Posted August 4, 2016 Things are just getting worse and worse it seems. Stupid Brexit, messing everything up. I feel quite unlucky about this: Oh look, mortgage rates are dropping... We just got ourselves a fixed mortgage deal for two years. Oh look, house prices might drop after all this... We just bought a house. Oh look, the Pound has dropped significantly against the Euro... The Euros my parents transferred to me a few months ago for our deposit, would've been worth a lot more now. Saving money is just going to be even more difficult now. Rates on savings accounts were already shit, now it's just not going to be worth having one at all I think. I've been using a current account with a decent interest rate, am going to have to keep my eyes open for any other good accounts that show up (if any).
Ashley Posted August 4, 2016 Posted August 4, 2016 I doubt house prices would drop because of other factors (such as demand, building rates etc) keeping them high. It may slow a bit, but doubt it'll go down personally.
Shorty Posted August 4, 2016 Posted August 4, 2016 I feel quite unlucky about this:Oh look, mortgage rates are dropping... We just got ourselves a fixed mortgage deal for two years. I'm sure your rate was incredibly low anyway. They have recently been at a point where they could hardly get lower. You don't know what it'll be like in 6-12 months when it fluctuates on something this unpredictable so I imagine you're still better with fixed. My parents paid something like 11-14% once upon a time.
Ashley Posted August 4, 2016 Posted August 4, 2016 Yeah the change is so small I don't think there's much difference you would have seen. I'm sure I read somewhere (probably Guardian) that said the average mortgage would be £22 a month cheaper which while obviously nice I don't think it's huge enough to worry about. There's plenty of other things to worry about :p
Goafer Posted August 4, 2016 Posted August 4, 2016 From a purely selfish view, I'm kind of glad. Hopefully it means our mortgage will stay at a low rate when the fixed term runs out in another year, meaning we can fix it for another 2 years at a low rate (or maybe longer if it's still very low). It just feels like my adult working life (i.e. post graduation in 09) I've worked through either recessions or austerity. It feels like we're constantly being told "we need to get through this for the country" and now with this fuck up its suddenly several more years down the line (5? 10? Nobody really knows because there isn't a fucking plan). This is the same for me pretty much. I had a few years working before the recession, but it does seem that for the majority of my working life, it's been all doom and gloom. But that said, I haven't really noticed any restrictions. I've had to stay with my parents a bit longer than I'd have liked, but I've still managed to save up for a house deposit (didn't even need help to buy schemes etc), get a mortgage and buy a house. At no point have I struggled financially. I know I'm probably luckier than most, but it does feel like the best way to look at it is to look at what you do have, rather than what you could have. Geniune question: Are any of us actually struggling financially? Not just "It's going to be a little harder to get a mortgage", but really counting pennies and living off Aldi noodles?
Rummy Posted August 4, 2016 Posted August 4, 2016 It's all well and good until the savings you're making on your mortgages are negated by the increased everyday prices of things we import due to the fallen value of the pound :p Again, my economics is rudimentary especially compared to many others here I'm sure - but my understand of rate cuts are to encourage borrowing and spending/investment and discourage saving in order to get more money circulating and trading and hopefully increase the value of a currency. It's far more complicate than that, of course, and many things are almost so interlinked that it's difficult to simplify so much. Having said all this about mortgages though, and as Shorty+Ashley mentions I'm sure my parents/rates were much worse back when they bought, which I believe was around another slump in the 80s. Yet having said that though - the higher percentage rates of interest then were against a relatively much lower valued property. Of course it's all, again, interlinked, but if house prices are say...10 times as much now than they were then, that 10% of then compared to 1% of now is in absolute terms surely a bit more on par...? Things are just getting worse and worse it seems. Stupid Brexit, messing everything up. I feel quite unlucky about this: Oh look, mortgage rates are dropping... We just got ourselves a fixed mortgage deal for two years. Oh look, house prices might drop after all this... We just bought a house. Oh look, the Pound has dropped significantly against the Euro... The Euros my parents transferred to me a few months ago for our deposit, would've been worth a lot more now. Saving money is just going to be even more difficult now. Rates on savings accounts were already shit, now it's just not going to be worth having one at all I think. I've been using a current account with a decent interest rate, am going to have to keep my eyes open for any other good accounts that show up (if any). Ironically I was at lunch with friends today and talking about houses/mortgages etc and I said I track and blah and then even speculated a potential rate cut in the future and how it would be good for me. At the same time talking to my other friend(two of us with houses, third contemplating buying) - they've fixed their mortgage very recently at a rate that's actually still lower than what I'm paying on a tracker from two and a half years ago even with the base rate drop; so as much as it may seem bad here and there, each case needs to be considered in context of others. A 0.25% base rate cut may still only translate into less on a fixed rate cut - and as Ashley says how much will that change the real money costs of the interest atm? As for saving - a lot of the current good deals will probably disappear/get cut now(I've just done a regular saver at 5% which no doubt is gonna get buggered now). Yet, whilst there is an importance to save, you do need to consider what you're saving for and whether it's really something worth doing when you've got debts at a higher percentage than that of what you're getting on your savings. It doesn't feel very common sense/human, but it's something to be considered. I do feel an exception to mortgages though - and tbh right now I wish I had actually taken/borrowed more money from the bank. I'm going to stop overpaying as much as I was(as I also owe my parents some money I need to pay now :p)..
Serebii Posted August 5, 2016 Posted August 5, 2016 I have some money (essentially savings) in the Santander 123 account because it was the best rate I could get, better than any ISA (without locking it away for a set number of years) and that's supposed to be the type of account I should be saving in but the rates were shit. This is going to make them shitter. Mortgage rates might go down, but the costs of getting property is still going up substantially more so it doesn't benefit me. It just feels like my adult working life (i.e. post graduation in 09) I've worked through either recessions or austerity. It feels like we're constantly being told "we need to get through this for the country" and now with this fuck up its suddenly several more years down the line (5? 10? Nobody really knows because there isn't a fucking plan). I understand today's measures have been designed for the country as a whole but as a 'young person' it just feels like another kick. Another case of the 'life achievements' you're supposed to strive for being pulled away. And the ability to think "well its good for the country as a whole, let's go with it" is difficult when it feels like the country as a whole didn't think about what is good for the country as a fucking whole a month ago so why the fuck should I? I've tried to do the sensible thing (both in terms of my finances and my career choices) and it feels like what's the point? Don't worry mate, the housing market will crash in 2 years due to this. That's when I'm jumping in.
Ashley Posted August 5, 2016 Posted August 5, 2016 Don't worry mate, the housing market will crash in 2 years due to this. That's when I'm jumping in. Pff doubt it.
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