@Notonthestairs
Meanwhile mortgage crisis, CoL, strike action, delays in A&E etc etc.
what a waste of a Government they are.
YES.
I think I remember reading or hearing somewhere that levels of personal debt are at a historical high. This is rarely ever mentioned. I worry that the effect of bad decisions of the current government will peak when labour is in government and the electorate will blame it on labour and put another conservative government into parliament.
Lots of homeowners will still be on fixed term mortgages - a huge number will presumably move to higher rates during the next parliament. The effects of cuts on public services and council funding will be even greater then too.
Running the economy to suit (current) homeowners and landlords has to be harmful surely. Investing in property adds nothing to the economy presumably and results in first time buyers and renters having less disposable income - while such a chunk of income goes on rent - which is bad for the economy. As well as creating an increasingly bigger financial divide between homeowners and non homeowners.
Parents providing deposits for children to buy will presumably have a long term negative effect on the economy too - less disposable income in the parents' retirement , less money to pay for their care, less inheritance tax going to the treasury.
More and more people now pay for private health treatment too. Again, reducing their disposable income (at best).
Yesterday one of the R4 morning news items was the latest stats on pay rises -with no reference to the real pay equivalent and speculation on how this will affect inflation and interest rate rises. I was 😡