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Rising cost of living
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Old 03-11-2022, 18:53   #586
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Re: Rising cost of living

Quote:
Originally Posted by Sephiroth View Post
My HSBC Online Bonus Saver is paying 3%.
Is there a limit on the amount they pay out on , some only allow a small amount of money in the account that attracts interest
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Old 03-11-2022, 18:58   #587
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Re: Rising cost of living

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Originally Posted by papa smurf View Post
Is there a limit on the amount they pay out on , some only allow a small amount of money in the account that attracts interest
10k limit on the HSBC Online Saver, more than that and they pay 0.5%. Not enough for my millions unfortunately...
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Old 03-11-2022, 19:00   #588
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Re: Rising cost of living

The limp dumbs are priceless aren't they.

Suggesting that people with mortgages should be given government help!

Pretty sure no mortgage adviser suggested the interest rate would never go up.

The idiotic, uncontrolled splashing of cash during covid means people now think the state will pay for anything.
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Old 03-11-2022, 19:01   #589
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Re: Rising cost of living

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Originally Posted by Mr K View Post
10k limit on the HSBC Online Saver, more than that and they pay 0.5%. Not enough for my millions unfortunately...
Yea my santander account only pays out on the first £20k and bugger all on the rest.
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Old 03-11-2022, 19:09   #590
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Re: Rising cost of living

Quote:
Originally Posted by papa smurf View Post
Is there a limit on the amount they pay out on , some only allow a small amount of money in the account that attracts interest
£10,000 and then 0.75%.
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Old 03-11-2022, 19:46   #591
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Re: Rising cost of living

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Originally Posted by Sephiroth View Post
£10,000 and then 0.75%.
Nope, its 0.5% over £10k.
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Old 03-11-2022, 20:19   #592
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Re: Rising cost of living

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Originally Posted by Mr K View Post
Nope, its 0.5% over £10k.
HSBC: 0.75% over £10K. https://www.hsbc.co.uk/savings/interest-rates/
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Old 03-11-2022, 20:27   #593
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Re: Rising cost of living

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Originally Posted by Sephiroth View Post
Fair enough, I stand corrected !
It's 0.5% if you're cheeky enough to withdraw anything in a month.

Whichever way its a lot less than the 10% inflation atm.
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Old 03-11-2022, 20:33   #594
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Re: Rising cost of living

Quote:
Originally Posted by Julian View Post
The limp dumbs are priceless aren't they.

Suggesting that people with mortgages should be given government help!

Pretty sure no mortgage adviser suggested the interest rate would never go up.

The idiotic, uncontrolled splashing of cash during covid means people now think the state will pay for anything.
It’s the fact the state has never paid for anything that’s put us in this £3 trillion mess.
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Old 04-11-2022, 17:45   #595
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Re: Rising cost of living

Electric cars are to be subject to vehicle excise duty for the first time under measures to be introduced by Jeremy Hunt, the UK chancellor, in this month’s Autumn Statement.

People briefed on Hunt’s plans said that applying road tax to electric vehicles was the first sign of a chancellor “dipping a toe in the water” to address the fall in motoring tax revenues caused by the transition to battery-powered vehicles, as their owners also avoid paying fuel duty.

Last year the Treasury warned that “new sources of revenue” would be needed as the country switches to EVs. Fuel duty and VED raise about £35bn for the exchequer but the Office for Budget Responsibility has forecast that the growing share of electric car sales would cut motoring tax revenues by £2.1bn by 2026-27.

https://www.ft.com/content/405467f9-...8-2582890e7820
ooh heck never saw that coming
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Old 04-11-2022, 17:52   #596
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Re: Rising cost of living

I don't suppose it will be long before the electricity for EV's will be subject to extra tax as well.

Motorist is always the milchcow.
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Old 04-11-2022, 18:15   #597
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Re: Rising cost of living

Quote:
Originally Posted by papa smurf View Post
Electric cars are to be subject to vehicle excise duty for the first time under measures to be introduced by Jeremy Hunt, the UK chancellor, in this month’s Autumn Statement.

People briefed on Hunt’s plans said that applying road tax to electric vehicles was the first sign of a chancellor “dipping a toe in the water” to address the fall in motoring tax revenues caused by the transition to battery-powered vehicles, as their owners also avoid paying fuel duty.

Last year the Treasury warned that “new sources of revenue” would be needed as the country switches to EVs. Fuel duty and VED raise about £35bn for the exchequer but the Office for Budget Responsibility has forecast that the growing share of electric car sales would cut motoring tax revenues by £2.1bn by 2026-27.

https://www.ft.com/content/405467f9-...8-2582890e7820
ooh heck never saw that coming
Road pricing is the only sensible way forward. You pay for the mileage you do.

There will have to be various caveats in-built into any system to cover lack of public transport, business etc.
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Old 04-11-2022, 19:25   #598
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Re: Rising cost of living

Quote:
Originally Posted by Pierre View Post
Road pricing is the only sensible way forward. You pay for the mileage you do.

There will have to be various caveats in-built into any system to cover lack of public transport, business etc.
Makes sense to a degree, bet you it includes where and when as well though
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Old 04-11-2022, 22:23   #599
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Re: Rising cost of living

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Originally Posted by Pierre View Post
Road pricing is the only sensible way forward. You pay for the mileage you do.
In practical terms, how would you implement such a PAYG system ?
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Old 04-11-2022, 22:46   #600
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Re: Rising cost of living

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In practical terms, how would you implement such a PAYG system ?
Bung all the tax on fuel?
Not sure how they'd charge for electric vehicles.
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