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Originally Posted by bonzoe
It's not just us oldies who "never" contributed anything or pay taxes who benefit from hand outs, have you forgotten help to buy and low mortgage rates ( much lower than I ever paid, I remember it peaking at 15%).
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Hyperbole doesn't actually work, sorry. I was very clear in my comments and didn't for a moment suggest any such thing
Indeed interest rates were higher, with commensurate wage increases, alongside high inflation, the reason for said rates, eroding the real value of the loan rapidly. So while I'm sure it was a shock short-term longer term it was beneficial.
I'm entirely against Help to Buy incidentally, it's another bribe to some electorate alongside being a bung to housebuilders as thanks for their support.
Low mortgage rates I'm also not enthralled by, however these were a function of a rather misguided economic policy continued and exacerbated by the current government. The primary reason for their interference wasn't to bribe a client group of voters, it was to bail out insolvent banks, so more about taking care of the donors.
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Originally Posted by bonzoe
I'm still paying my taxes, and to be honest I don't think these bonds are worth bothering with..........get better returns elsewhere.
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Indeed. Buy to let is always a good one. Landlord benefit is running at 10 figures a year, then there's the various tax reliefs on it. Majority of landlords are 55+ and loving it. Probably the same grey army who appear pretty much whenever anyone wants to build housing anywhere near their properties. Could both harm the value of their main residence and bring down their rental yield and capital gains.
Quote:
Originally Posted by bonzoe
Plus there have been tax raids on our pension savings by Blair, and interference from Maggie, all whilst looking after their pensions (funded by the taxpayer).
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All of which were horrible policies that have caused grief across the age spectrum. The removal of higher rate pension relief has been a disaster, but wasn't confined to a specific age group.
When a group who, through constant bribery by politicians alongside some good fortune and a bunch of turns of events, continue to receive bribery from said politicians at the expense of a generation who look like they'll be the first one in peace time history to have a lower quality of life than those who came before it seems a fairly good reason to complain about unfairness and more than a little corruption.
That anyone claiming to be a 'conservative' could for a moment support such a policy is beyond comedy. It shows up the Chancellor for what he is - someone whose primary concern is, and always has been, getting re-elected and to hell with actually doing the job he's supposed to be doing. He only actually does that when it's politically expedient.