MadManMoon Posted April 10, 2013 Share Posted April 10, 2013 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 More sharing options...
Anna B Posted April 10, 2013 Share Posted April 10, 2013 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 More sharing options...
truman Posted April 10, 2013 Share Posted April 10, 2013 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 More sharing options...
I1L2T3 Posted April 10, 2013 Author Share Posted April 10, 2013 No-one has lost their deposits in a bank...the rest is government doing..of whatever colour.. Well they effectively have in real terms. As Anna explained. Link to comment Share on other sites More sharing options...
MrSmith Posted April 10, 2013 Share Posted April 10, 2013 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 More sharing options...
I1L2T3 Posted April 10, 2013 Author Share Posted April 10, 2013 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 More sharing options...
MrSmith Posted April 10, 2013 Share Posted April 10, 2013 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 More sharing options...
I1L2T3 Posted April 10, 2013 Author Share Posted April 10, 2013 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 More sharing options...
MadManMoon Posted April 11, 2013 Share Posted April 11, 2013 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 More sharing options...
Cyclone Posted April 11, 2013 Share Posted April 11, 2013 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 More sharing options...
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