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UK politics - Hamsterwheel

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UK politics - Hamsterwheel

Old 3rd Jul 2017, 12:01
  #11041 (permalink)  
 
Join Date: Feb 2007
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I don't see Islam as evil, some of those who follow it are without doubt truly evil but whilst the religion is stuck in it's stoneage roots I wouldn't describe it as evil.

For me the ultimate irony is that progressives are honour bound to leap to Islams defence but go into total radio silence when the subject of women's and LGB rights gets raised.
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Old 3rd Jul 2017, 14:29
  #11042 (permalink)  
 
Join Date: Aug 2015
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Originally Posted by Effluent Man View Post
The economics of it are thus: New Mercedes C 200. £29,720 OTR. That means that it probably stands Merc in at around £23k. You pay a £4900 down payment plus 36 monthly payments of £299. So you are giving them £15,664.

The car now owes them. £7,336. A 30,000 mile C200 will make around £14,000
at auction. Profit £6,664.
Thanks. I understand that. However, this example needs to be applied to the many hundreds of thousands or probably millions of new cars sold this way.
For example, assume there are 1,000,000 such lease sales each year (this may well be higher but not all cars cost this price). Each time one is sold, there is a debt of (in this case) £30,000, bearing in mind the debt is against the new car sale value and not manufacturing cost. Someone has to provide the funding for that debt, so in this example, there is a debt of £30,000,000,000 (30bn). Granted that is gradually paid off, but an equal number of new cars are sold would then add to that increasing debt. Providing the debt is successfully paid off, the risk (per car) reduces.
Nevertheless, at the end of the loan period, there are an increasing number of such cars flooding the 2nd hand market and that progressively drops the re-sale value.
The issue relates to public debt and not whether the manufacturer profits.
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Old 3rd Jul 2017, 14:41
  #11043 (permalink)  
 
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But it's the manufacturers who drive these lease schemes because without them they would not be able to sell all they produce. In the case of The Mercedes example they sell maybe 10% of their output to private buyers at full screen price, maybe a further 30% to leasing companies and business operators at a figure less than the OTR price and the remainder in these lease schemes. They will work unless the second hand market becomes overloaded and prices fall. It is a bit of a Ponzi scheme but it's what they now rely on.

The problems are mainly them leasing cars to people who cannot keep up the payments and, ( I have come across this) salesmen kidding up the leasee that the car will be theirs after three years without mentioning the balloon payment.

The "debt" you refer to is a notional one because it comes from the accrued past profits of the car companies themselves, so in that respect they are merely lending their own money just as a bank might .
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Old 3rd Jul 2017, 15:22
  #11044 (permalink)  
 
Join Date: Aug 2015
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Thanks again Mr E Man. I think that we are both saying a similar thing but are looking at it from different perspectives. I myself am buying a car using a similar method; in this case a Ford Fiesta (good car with a brilliant engine). Ford give you three options at the end of the three year period. 1. Give the car back. 2. Buy it at a defined price. 3. Trade in for a new one at that price. Best thing is at the moment I pay zero road tax.
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Old 3rd Jul 2017, 16:15
  #11045 (permalink)  
 
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Just make sure that you give proper attention to the small print, T&C's. A friend of mine entered into a deal with Peugeot and was promised a certain sum to carry into the next deal. Come the day they backtracked saying prices had not held up as expected. Who would have thought it eh?
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Old 3rd Jul 2017, 16:59
  #11046 (permalink)  
 
Join Date: Nov 2016
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My wife has recently changed her aging Corsa for a new Skoda Fabia Estate, we visited 3 dealers, none of whom were enthusiastic about a cash purchase.
The dealer we eventually bought the car from gave us a very grudging discount for the paint cost (about £400 ish) and promised to throw in an extra value insurance top up, which when we collected the car had disappeared from the deal.
The particular model was a gnats under 17K, we paid the full price, however the trade in value for the Corsa was reasonable. All the dealers offered 2K discount on that model if we entered into a finance deal.
Ditto with a new motorbike bought last year, no discount for cash.
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Old 3rd Jul 2017, 17:23
  #11047 (permalink)  
 
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In an attempt to get this thread back on track, try this for size!

President Macron of France has proposed that their equivalent of UK MPs be reduced in number by one third. Shouldn't the UK Parliament be looking at this instead of tinkering with constituency boundaries? The present number of 650 is far too high, there aren't even enough seats for them all in the Commons. While they are at it, they could easily take a hatchet to the Lords, there are 800 entitled to turn up and trouser their £300 a day. Half of them, at least, would not be missed. Of course, turkeys don't vote for Christmas and the lure of the trough is too tempting for them to give up.
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Old 3rd Jul 2017, 17:46
  #11048 (permalink)  
 
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I thought the plan was already in place to reduce the number of seats down to 600?
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Old 3rd Jul 2017, 18:15
  #11049 (permalink)  
 
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Originally Posted by sitigeltfel View Post
The present number of 650 is far too high
You might think otherwise if you'd tried being an MP and doing all the casework properly. (I haven't been an MP, but I have worked in an MP's office and seen how much there is to do.)


Admittedly there's the option of not GAS about the casework, but that's a luxury only available to those with safe seats.
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Old 4th Jul 2017, 04:00
  #11050 (permalink)  
 
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https://www.theguardian.com/uk-news/...s-saudi-arabia

Theresa May suppresses report on funding of terrorism because it is critical of Saudi Arabia?

During the election, the Liberal Democrat leader, Tim Farron, said Cameron had committed to publishing the report by spring 2016, but the Home Office later suggested it would never be published, calling the contents “very sensitive”....
... “It is a scandal that the government are suppressing this report. The only conclusion you can draw is that they are worried about what it actually says,” he said. ...“We hear regularly about the Saudi arms deals or ministers going to Riyadh to kowtow before their royal family, but yet, our government won’t release a report that will clearly criticise Saudi Arabia.
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Old 4th Jul 2017, 08:41
  #11051 (permalink)  
 
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... a report that will clearly criticise Saudi Arabia.
If it is secret, how can that assumption be made?

Or is that just a 'political points scoring' comment?

I can understand all sorts of intelligence reasons not to make a report like that public. But I can also understand that there are those politicians who "won't" be able to understand that and just see short-term point-scoring opportunities in their quest for publicity.

Or is this an attempt to draw the attention to one party leader's assumed 'links' with unpleasant people in order to draw the attention away from the other party leader's known links with unpleasant people?
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Old 4th Jul 2017, 08:59
  #11052 (permalink)  
 
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Originally Posted by Trossie View Post
Or is this an attempt to draw the attention to one party leader's assumed 'links' with unpleasant people in order to draw the attention away from the other party leader's known links with unpleasant people?
Your question mark was somewhat redundant.
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Old 4th Jul 2017, 18:42
  #11053 (permalink)  
Ecce Homo! Loquitur...
 
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The inconvenient truth about public sector pay
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Old 4th Jul 2017, 22:35
  #11054 (permalink)  
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Do you know what? I've often being accused of being a cynic. Here's a little modern cynicism.
At my age, were I British, I'd have no option but to vote for the Marxists, Corbyn and McDonnell and see a Labour Party government in power. Its anti austerity borrowing campaign would mean that the first ten years of McDonnell financial rule would see an unprecedented period of spending for Britain. Life would be wonderful, everything would be done on tick (loans, bonds and borrowing) and, while taxes might rise, life would be infinitely more comfortable in the country than it is at the moment. So that's what you should do if your in your sixties or seventies or eighties; vote Labour. Then make sure you die at the end of the first decade of Corbynomics and the inevitable collapse of a borrowing mess that will make Venezuala look intelligent.
Ten years of the good life! Then die! Let the millennials and their kids sort that one out.
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Old 5th Jul 2017, 04:40
  #11055 (permalink)  
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ORAC....credit where credit is due here.

That link, as they say, is utterly priceless !..congratulations on the depth of research you undertook to provide those kindred spirits here on JB with a truly morale boosting read !.....

However, you'll understand if I don't entirely subscribe to the blatant " Privatise ! Privatise ! Privatise ! " dogma so kindly offered to those who prefer fantasy utopia to reality.

I was especially taken by the reference to the Guardian ! ( and how the readership, when not being subjected to subliminal brain washing by the paper ) " The Guardian, with its reader base among those who live at our expense"


Whose "our" I wonder ?....well, not really because it's always been patently obvious in the UK's fabled "classless society " .
Anyway, just to illustrate those Tory "values", here's the latest from Dave ( currently in Seoul it seems getting paid how much ? ) demonstrating to the world, again, why he's never had even a basic understanding of economics, other than to impose austerity on those most likely to suffer the most from his, and George's policies .

https://www.theguardian.com/politics...-compassionate
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Old 5th Jul 2017, 05:01
  #11056 (permalink)  
Ecce Homo! Loquitur...
 
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The truth does hurt, doesn't it?
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Old 5th Jul 2017, 06:08
  #11057 (permalink)  
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Talking of austerity, or rather "austérité", not the Conservatives but rather the party of that new darling of the left in Europe and Europhiles in the UK, Macron's En Marche! And in the Grauniad as well, so KnC will accept it as true and not "false news". Someone should mention to TM...

French PM warns of more cuts to tackle country's debt 'volcano'

The French prime minister has vowed to make a raft of public-spending cuts to stem France’s “intolerable” reliance on state borrowing, which he said had left the country dancing on a debt “volcano”.

In his opening speech to parliament on Tuesday, Edouard Philippe side-stepped the notion of one-size-fits-all austerity, instead insisting that the plan of the new centrist president, Emmanuel Macron, was to reduce public spending while launching a €50bn (£44bn) investment programme and cutting a range of taxes, including slashing corporate taxes to boost businesses..........

He warned that French public spending and debt had reached unsustainable levels. “We are dancing on a volcano that is rumbling ever louder,” Philippe said. “The French are hooked on public spending. Like all addictions, it doesn’t solve any of the problems it is meant to ease. And like all addictions, it takes will and courage to detox.”.........
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Old 5th Jul 2017, 07:42
  #11058 (permalink)  
 
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Macron practicing his escape strategy for when the tumbrils arrive...



Emmanuel Macron aboard France's nuclear submarine - BBC News
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Old 5th Jul 2017, 14:59
  #11059 (permalink)  
 
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Originally Posted by KnC
Whose "our" I wonder ?....
(Do you mean 'Whose "our"', in other words the 'who' owns the 'our', or do you mean 'Who's "our', in other words 'Who is "our"?)

With "... those who live at our expense", the 'our' will be those who pay the taxes out of earnings that were not raised out of taxes, in other words those contributing to the nation's coffers rather than living off them.


Cavorting, the problem with your suggestion is that Brits live fit and healthy lives longer than what you were more used to in your previous abode. In your "sixties or seventies or eighties" only an extra 10 years of life is a pretty poor 'return' for a Brit (What are your chances of living to 100? | Visual.ONS). With your suggestion one would have to commit 'harakiri' at the end of the first decade of Corbynomics or else you will endure a very miserable old age in abject poverty when you should rather, without Corbynomics, be living a cheerful old age.
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Old 5th Jul 2017, 15:58
  #11060 (permalink)  
 
Join Date: Aug 1999
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Originally Posted by ORAC View Post
Talking of austerity, or rather "austérité", not the Conservatives but rather the party of that new darling of the left in Europe and Europhiles in the UK, Macron's En Marche! And in the Grauniad as well, so KnC will accept it as true and not "false news". Someone should mention to TM...

French PM warns of more cuts to tackle country's debt 'volcano'

The French prime minister has vowed to make a raft of public-spending cuts to stem France’s “intolerable” reliance on state borrowing, which he said had left the country dancing on a debt “volcano”.

In his opening speech to parliament on Tuesday, Edouard Philippe side-stepped the notion of one-size-fits-all austerity, instead insisting that the plan of the new centrist president, Emmanuel Macron, was to reduce public spending while launching a €50bn (£44bn) investment programme and cutting a range of taxes, including slashing corporate taxes to boost businesses..........

He warned that French public spending and debt had reached unsustainable levels. “We are dancing on a volcano that is rumbling ever louder,” Philippe said. “The French are hooked on public spending. Like all addictions, it doesn’t solve any of the problems it is meant to ease. And like all addictions, it takes will and courage to detox.”.........

A bit more on that....

Over the weekend, Government Ministers were locked in meetings trying to decide how to cut the projected 3.7% Budget Defecit down to the 3% that is mandated by the EU and ECB.

After 48 hours, they basically gave up.

Only a statement that they intend to cut 120,000 Public Sector jobs over the next 12 months and that Monsieur Europe will have to go plead his case with Brussels and Frankfurt.
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