Building Societies feeling the pinch too?

I am so sorry for them, apparently the Building Societies are feeling the pinch too!

Don't you feel sorry for them? Mortgage rates at theri lowest ever and yet House sales are flat
 - I wonder why.

What did I say a few weeks ago? THis article in Money Mail, explains everything I was saying. 

I remember when Mortgage rate got to 15%! WE don't want that but stable (and low) bank rate is bad for Building Societies. They make their most "profits" on a steadily falling interest rate. They reduce the rate paid to savers immediately but fail to pass on the benefit of lower rates to borrowers for a month. Thus they gain from the borrowers with a bigger margin. If the housing market was steadily risingthen Buildinng Societies would feel safer lening closer to 100% LTV thus giving buyers a better chance to move up the market with smaller deposits required. Its not really the low interets rates that is the problem, great for borrowers so why is the Housing market flat? No confidence that prices will rise, and reluctance of the lenders to take a "risk" lending money.

Yes jolly old HMG can GIVE money (our money), to Private banks, (run for the profit of the Shareholders), who then go off and take massive bonuses and stop lending out to you and me, and promptly slash interest rates paid to us ggod folk who scrimp and save for our retirement (keeping this country afloat!).

So thanks Mr G.  Brown. I thought Labour were the party for the "Working man?" - silly me!

Cumbria Police Chief Suspended - like Lincs

Cumbria Police Chief also suspended like Lincolnshires was. Is this a trend?

Asserby Wind Farm? Lose £100k off your house value!

Hooray! Another nail in the Coffin of WindFarms. Wind Farms lower house prices!!
WEll maybe this will make the good folks around Asserby wake up! If they are to lose £100k off the value of their house - while the WindFarm makes the Generators rake millions in! Also at last George os Borne "Conspiracy" - says he'll cut the subsidies - OUR MONEY.
The industry was recently dealt a blow by Chancellor George Osborne, who demanded huge cuts in government aid for wind farms.
The Chancellor told the Treasury to draw up plans for a reduction of 25 per cent in subsidies for onshore wind farms.

Next lets have NO VAT on Energy for Domestic use and cut the GREEN TAX.

Also what about the loss of 100 jobs in Skegness? Offically the most deprived seaside town?

A sweet factory is to close with the loss of all jobs - they can move to Leiceter or Czchekoslovakia - nice.

Will they find 100 jobs in skeggy? 

Perhaps if they want to work in an arcade for the summer or a hotel cleaning rooms.

WHat about some of this windFarm money coming to Skeg? There are hundreds off the coast and hundreds morte to be built and dozens planned for the Land.

Who gets the Millions from them - NOT SKEGGY!

RWE will get £36billion over 25 years for their off-shore farm - why can't 10% go to Skeg and ELDC for using our land?

Spend it while you can.

No hope for the thrifty.

As I said before used to be you saved up and lived within your means. Not now.

With inflation at 2.8% and savings rates at less then 2% before tax you're losing money fast. 

Spend it now before you can't afford the things you want. Or live on borrowed money while its cheap. I think every body is doing but isn't that why we're in this mess?

sCameron and the Osborne Conspiracy don't get it. They are RICH after all and in with the Bankers.

WindFarms - Government seeing the Scam?

Yes some chink of light from the Government - even though they themselves can't agree, that Wind Farms are divisive. Some landowners get RICH - yes Generating Money). Now Owen Paterson seems to be on the sensible side. 
see my evidence below.
Quote "But the Conservative Environment Secretary Owen Paterson says some people consider wind farms a complete scam - and the prime minister recently said he didn't expect many more wind farms in the British countryside."

The infrastructure isn't there, its like open cast mining but above ground taking away our countryside forever! Balcombe type protests would appear.

Lets keep up the message to them - Wind Energy is wasting loads of OUR money.

Government is hurting the Thrify who voted for them

Yes if you have any savings spend it before its worthless. Just like Germany in the 30s. We'll need suitcases of money to shop at the supermarket.

Seriously with low interest rates even low inflation - but that is higher than interest  - is eroding your nest egg.

I thought that the idea was that Banks/Building societies raised funds from Savers by offering them interest.

When they had the funds then they lent it out to Borrowers (mortgages etc.), they pay interest.

So providing you,  (Bank/Building Society),  receive more in interest than you pay out you are profitable.

Now we have another situation the Banks (Building Societies?) get “free” money from the Government to Lend out thus they don’t need savers money. But where does the Government get its money from? I guess us? SO actually this is a win win for the banks they’ve nothing to lose hence the Fat bonuses.

It’s about time the government was told by US that they must stop and go back to the old system. If interest rates were raised then Savers would save and the money would be there to lend out. Remember the interest paid is TAXED so the government gets a cut too.

End of the Road for the Middle Lane Hoggers

YES FRIDAY IS THE LAST DAY TO HOG THE MIDDLE LANE AND GET AWAY WITH IT!

At least it will be if we ever see any police patrols on the Motorways. Where are they?

I don't see them. That's why folk use Mobile phones - at least here in rural Lincolnshire you're chance of being caught is NIL. No Police see.

I'd love to see the Rules enforced - ALL of THEM. But they won't be. So why worry. They need Cameras to catch you via your number plate. Maybe they'll use an App that can track your movements in real time via your mobile phone GPS signal SOMEDAY then they can see if you're speeding as well. These Law Breakers can kill people.

Remember Big Brother Can Watch you!!


It could happen.

What did I say - look Rubbish bins secretly setup to scan your phone. they track where you are. They say its anonymous but really if its linked back to a database they can link to you via your phone's IMEI code etc. 

BIG BROTHER

No to Wind Farms

I'm still saying it - please tell your MP we don't want our Hard Earned Cash going to make the Power Companies even fatter. They can't lose. When the prices go up they only make 5% profit - boo hoo! I am sorry. Some business cannot make ANY profit!! 

We all bailed out the Banks and they still get their salaries and FAT bonuses. Why should the power companies get FAT. I mean why pay the Wind Farm operators to NOT generate electricity - they can't lose either. They get  3 times the rate for a Megawatt of power for NOT Generating -

IS THIS MAD OR WHAT?

So not the Daily Mail has seen the madness of Constraint payments and is showing what a rip off Wind Farms are.Now there is another Money Generating Scheme - Forward Trades.

Lets stop it.

When a typical energy bill is £1300 per annum and over £200 is Tax that makes nearly 20% tax you and I pay. Is this fair on the poorest and those on fixed incomes when those companies can afford to build multi million pound wind Farms to generate Multi Millions of money!

Old Age Care - my solution

Worried about care in your old age, don’t worry the state WILL look after you.

Like Stuart Hall – confess to serious crime in your youth and they’ll detain you at HM Pleasure

FREE board and lodging!

Free Electricity from British Gas?

Absolutely ridiculous - "Free Elctricity at weekends".

Are we saving the planet or not?

You know what will happen - folk will blast it at the weekend wthout a care. All this energy comes from somewhere. BG hope you'll forget and continue to have the thermostat up in the week. More profit for them.

Yes SUPPLY=DEMAND - laws of Physics. So huge power stations like Drax (Coal fired) and the Nuclear ones have to run 24x7 they can't switch on and off. Its the BASE load. But we go to bed at night and switch off. We all put the kettle on at half time in the World Cup etc. Solar power is only during the day (light), wind power only works when its windy. So what do the suppliers do - they match the peaks and troughs with Gas powered stations that can go on and off quickly but they are expensive and Gas is not so plentiful.

Unless we get Fracking!

It won't work. We need to conserve energy. What next - only allowed to wash at weekends. Only allowed to boil the kettle when its Windy?

What they need to do is sort out the Grid infrastructure so the power can get to where it is needed. Windmills in the Sea need big cables to get the power to the Cities. We must STOP the Constraint payments. Paying the Companies NOT to Generate - that's what its about. They get 3 times as much NOT generating than when they do. If we didn't have the GREEN subsidy on our bills then there's be no Wind Turbines 'cos they don't make economic sense. Then ALL our bills would be cheaper.