Jump to content

Benefits in Britain. fact and fiction


Recommended Posts

The Guardian is hardly an unbiased source.

 

My problem with the benefits system is that it just keeps expanding, more and more people end up on benefits. It has to be stopped!

 

Neither is the Mail/Sun/Express etc. All right wing papers that support the Tories. But in any case the article is from the much respected Joseph Rowtree organisation

Link to comment
Share on other sites

If banks are like a casino then how many average customers have lost their money because of it?

 

Many many of them.

 

Inflation eating away at savings and pushing prices up,

Interest rates at a record low,

Pension annuities down by 50%,

Cuts in just about every public service,

Every household £1,300 worse off than 5 years ago

Double dip recession probably about to become tripple.

 

Inflation is possibly about to become rampant which will wipe out everyone's savings.

 

Cyprus was up front when they raided their savings accounts, here it's more covert, but it's happening nonetheless.

Link to comment
Share on other sites

Many many of them.

 

Inflation eating away at savings and pushing prices up,

Interest rates at a record low,

Pension annuities down by 50%,

Cuts in just about every public service,

Every household £1,300 worse off than 5 years ago

Double dip recession probably about to become tripple.

 

Inflation is possibly about to become rampant which will wipe out everyone's savings.

 

Cyprus was up front when they raided their savings accounts, here it's more covert, but it's happening nonetheless.

 

No-one has lost their deposits in a bank...the rest is government doing..of whatever colour..

Link to comment
Share on other sites

Well they effectively have in real terms. As Anna explained.

 

That depends what they are saving for, if it’s a house they have more spending power than they had 6 years ago, sadly it’s still not enough spending power, interest rates should have been put up to at least 10% 10 years ago.

Link to comment
Share on other sites

That depends what they are saving for, if it’s a house they have more spending power than they had 6 years ago, sadly it’s still not enough spending power, interest rates should have been put up to at least 10% 10 years ago.

 

It makes absolutely no difference what they are saving for. It only matters when they spend their savings. Until they spend them the savings are depreciating in real terms.

Link to comment
Share on other sites

It makes absolutely no difference what they are saving for. It only matters when they spend their savings. Until they spend them the savings are depreciating in real terms.

 

Not if they are planning on buying something that is becoming cheaper, if I deposit £100K in a bank at 2% interest, within a year I have £102K, if the cost of the £200K house I want as fallen by 5% my overall spending power as increased by £12K.

Link to comment
Share on other sites

Not if they are planning on buying something that is becoming cheaper, if I deposit £100K in a bank at 2% interest, within a year I have £102K, if the cost of the £200K house I want as fallen by 5% my overall spending power as increased by £12K.

 

Only if they put less of their savings down on the house.

 

---------- Post added 10-04-2013 at 22:54 ----------

 

If banks are like a casino then how many average customers have lost their money because of it?

 

Looks like theft of deposits is being planned into the system

 

http://www.reuters.com/article/2013/04/10/us-eu-banking-bailin-idUSBRE9390NQ20130410

Link to comment
Share on other sites

As I stated earlier the incapacity gravy train grew rapidly under the Tories in the 90s. Maybe them using Atos was just trying to clear up their mess from the last time they were in power.

 

Didn't Mrs Thatcher's government take people off job seekers allowance and put them on incapacity benefit in order to hide the massive rise in unemployment under the Tories.

Link to comment
Share on other sites

Have I missed something here?

 

 

 

If 1% of households have been workless for two generation and there are only 15,000 of these households in the UK, then there can only be 1,500,000 households in the UK which can’t be correct.

 

There are about 25 million homes in the UK.

1.5million WORKLESS households.

 

---------- Post added 11-04-2013 at 12:39 ----------

 

Well they effectively have in real terms. As Anna explained.

 

You might as well blame your mattress then. Because if you'd kept your money under it, you'd have 'lost' the same in real terms exactly as if it was in the bank (probably more in fact).

Link to comment
Share on other sites

Archived

This topic is now archived and is closed to further replies.

×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.