Jobs Civil service to cut thousands of jobs
Nothing positive is happening in this country. It’s just cuts, cuts and tax increases but these arent doing anything to scratch the surface.
The whole country is being propelled up by a massive Ponzi scheme: house prices and immigration. House prices make all home owners feel richer and immigration makes the GDP figures look better.
I suppose I shouldn’t complain as I am a child of immigrants. My parents came here in the 70s from India. They were virtually penniless but they have now been retired for 15 years, earning a state pension from 65 and still getting their final salary pension. They own their home in London and have thousands in savings. They were able to achieve this whilst working in low skilled factory jobs.
Now, professionals with university degrees would struggle to achieve their life style.
I think we are heading to a social mobility and quality of life that is closer to India and than the traditional western view, with wealth in the hands of a small number of landlords.
A has just purchased a completely nice family home near me for £500k and added a back and loft extension and turned it into a 6 bed HMO charging £800 per room.
They will make a 15% return on their £250k investment.