old English gents are you worried

[Dene16]

14 minutes ago, PeCeDe said:

. I don't like predicting bad things, maybe I've had too many years on this earth, (soon to be fixed) :-)

I hope you don't live on a high condo floor

[sanemax]

On 6/10/2017 at 11:50 AM, whatawonderfulday said:

Considering how much the pound has lost in value since the conservative/Liberal con artists were in power 7 years ago run by the Cameron/Clegg duo ,

Isnt the Pound about the same now as it was seven years ago ?

[PeCeDe]

hehe, Dene 16, yes I do live on a high floor, but joining the Bangkok Flying Club isn't on my agenda, I'm planning on letting Nature and Statistics do the job, apparently that works very well.

[steven100]

5 minutes ago, Dene16 said:

I hope you don't live on a high condo floor

that why many expats buy single story bungalows ...

[NoshowJones]

On 6/10/2017 at 11:50 AM, whatawonderfulday said:

Considering how much the pound has lost in value since the conservative/Liberal con artists were in power 7 years ago run by the Cameron/Clegg duo , and has since been compounded by the incompetent T May , I would look forward to any well balanced socialist leaning government prepared to look after the disadvantaged, elderly and even importantly allowing our next generation to have free university places.  We need this next generation to get the UK back where it belongs.  we do not need those borne with a silver spoon or into wealthy families to rape and pillage the UK any further.  Thatcher started the decline and every government since, Labour or conservative, has not stopped it. Of course Tony Blair was not really a true labourite,  just a selfite .

 

The current PM has not only lost the confidence of her own party she has lost the entire world's financial confidence.  The longer she and her aloof cronies stay in power the more the pound will become further devalued.

I would say Harold Wilson started the decline. and not Thatcher, remember "the pound in your pocket"? Wage freezes without price freezes, this tax up and that tax up, new taxes introduced that affected the ordinary working class families, and this was the PM who was supposed to help the working class.

[F4UCorsair]

On 2017-6-10 at 0:35 AM, GuiseppeD said:

Agreed, always have a stiffy.  

We're discussing OLD English gents here!!

[whatawonderfulday]

5 minutes ago, possum1931 said:

I would say Harold Wilson started the decline. and not Thatcher, remember "the pound in your pocket"? Wage freezes without price freezes, this tax up and that tax up, new taxes introduced that affected the ordinary working class families, and this was the PM who was supposed to help the working class.

Quite true.  But the advantage of Harold was that most things he said you knew to be a lie but he had so much Charisma  many people believed him.  Similar to Blair  really.

[NoshowJones]

4 hours ago, Kwasaki said:

Well lets just hope we can always just carry on buying a beer for one another.  

 

Only until teatime then Steven swaps the beer for sex.

[NoshowJones]

1 hour ago, whatawonderfulday said:

yes need something like here just as a hole in the head is needed.  Hope the evil bitch is rotting in the hell she created for the UK's working classes

Nobody created more hell for the working class than Wilson, Blair and Brown. Thatcher had her  negatives, but there were more positives like making it possible for the working class to become home owners.

[whatawonderfulday]

1 minute ago, possum1931 said:

Nobody created more hell for the working class than Wilson, Blair and Brown. Thatcher had her  negatives, but there were more positives like making it possible for the working class to become home owners.

utter bullsh*t.  She sold off the council houses by the thousands only to those that could afford it or else had been tenants for a decade or more so hence got a good discount , because her tory councils had allowed them to deteriorate due to lack of maintenance.  How old are you because you seem to have been born in the 60's or later by your tarnished uneducated knowledge of earlier UK politics and society.

[Dene16]

3 minutes ago, possum1931 said:

making it possible for the working class to become home owners.

I worked in a factory employing 4,000 people where 30% purchased their council houses at a reduced cost and enjoyed a far better life (would still be in them now),  later moving out into brand new properties courtesy of Margret Thatcher.

I can clearly remember the same people slagging her off with such hatred before voting her out over the poll tax       (not one of her best ideas) , with no regard as to how well the UK economy was doing

How soon the memory fades !

[Dene16]

18 minutes ago, whatawonderfulday said:

She sold off the council houses by the thousands only to those that could afford it or else had been tenants for a decade or more

The plans she put in place are still in use now,  someone i know has just recently purchased their council house with a 60 or 70% discount. Her legacy lives on

[whatawonderfulday]

2 minutes ago, Dene16 said:

The plans she put in place are still in use now,  someone i know has just recently purchased their council house with a 60 or 70% discount. Her legacy lives on

unbelievable that she is still stealing from the ordinary taxpayer even after she is dead ?

[Dene16]

5 minutes ago, whatawonderfulday said:

<deleted> ? still stealing from the ordinary taxpayer even after she is dead ?

millions of ordinary tax payers who were  council tenants might disagree with you on that one. 

Is there a particular reason you don't wish people to advance in life/status. 

Selling off council houses has always been a bone of contention in regards to housing no longer being affordable to some, i agree, but not everything can be perfect.

Getting your name on a council waiting list is a good example due to lack of housing but in general it is and was a very good act for millions

 

[nontabury]

2 hours ago, sanemax said:

Isnt the Pound about the same now as it was seven years ago ?

True,Not much different.

[esprit]

9 hours ago, Watchful said:

May's days are number according to members in her own party. According to your theory, once she is gone the pound will what ... return?

 

You are completely under estimating the ascension of the Labour party. This party is gaining ground on the promise of "free stuff" (increased welfare handouts, free uni education, etc) with no way to pay for it other than borrowing and printing money. The currency speculators pay attention not to politics, but to monetary policy.

 

In short, I believe KarenBravo is reading the results accurately. It's the UK voters supporting an unsustainable monetary policy than is causing them to dump pounds.

Clearly you are showing an uneducated and  an inarticulate view of the real position. You a Tory, under 45 ,from Southern England ?

[NoshowJones]

1 hour ago, whatawonderfulday said:

utter bullsh*t.  She sold off the council houses by the thousands only to those that could afford it or else had been tenants for a decade or more so hence got a good discount , because her tory councils had allowed them to deteriorate due to lack of maintenance.  How old are you because you seem to have been born in the 60's or later by your tarnished uneducated knowledge of earlier UK politics and society.

Everyone is entitled to their opinion, and I think yours is uttert bullshi*t.

I bet you are one of these deluded people who voted labour because their dad voted Labour.  

Labour are bigger liars and hypocrites than the Tories ever were.

[NoshowJones]

1 hour ago, Dene16 said:

I worked in a factory employing 4,000 people where 30% purchased their council houses at a reduced cost and enjoyed a far better life (would still be in them now),  later moving out into brand new properties courtesy of Margret Thatcher.

I can clearly remember the same people slagging her off with such hatred before voting her out over the poll tax       (not one of her best ideas) , with no regard as to how well the UK economy was doing

How soon the memory fades !

Very sensible post, I agree with every word. I was one of these people you mention, although I didn't work in a factory.

[Kwasaki]

5 minutes ago, possum1931 said:

Very sensible post, I agree with every word. I was one of these people you mention, although I didn't work in a factory.

The right to buy was a good thing for many people but it did get abused.  

[Kwasaki]

1 hour ago, possum1931 said:

Only until teatime then Steven swaps the beer for sex.

Well l'll stick with the beer after sex. 

[Tofer]

A year ago the pound was 55 baht. 55 - 43 is a disaster in my opinion, and all thanks to the Brexit issue. The financial markets do not like uncertainty, and that's where it all started.

 

 

[NoshowJones]

5 minutes ago, Kwasaki said:

The right to buy was a good thing for many people but it did get abused.  

Yes, I suppose it did, but just about everything is open to abuse in some way.

But at least the ordinary working man was given the chance to better himself.

Better that than getting the tax squeezed out of him by the so called working mans government Labour.

[retarius]

My income is not in sterling so I'm not really concerned at all,  but I know several retired guys from the UK who live on a state pension, and they are complaining bitterly about Jeremy Corbyn (for some reason) as it was the Tories who held the referendum and the Tories who called the election....but there goes.

 

The problem I have with these folk is that they were too stupid to realise that when they moved to Thailand they assumed the currency risk inherent in living in one country and getting a pension from another. This risk has bitten them, sad to say, but the message is, if you plan to move country, you need a considerable financial cushion to account for local inflation and currency risk. If you move here on a shoestring then at some point you will get burnt.

[fordguy61mi]

14 hours ago, hocuspocus said:

I will just cut down on the number of bar girl drinks that I buy and that should balance things out.

Don't get crazy. Just try skipping lunch first.

[rickudon]

The pound rallied a bit late on Friday but slumped again as soon as May reiterated hard Brexit this morning. Worried? Not really. Annoyed? Yes.

 

Did my later life turn out like i expected? Not really. Made redundant by my employer, not many jobs for 55 year old IT generalists. Costed my Thai retirement, and seemed doable.   Divorce, so no house anymore, so ended up taking pension early.and went to Thailand. Pound fell from 68 to 55 baht - tighten belt. Then fell to under 50, but rose again to 55. Then Brexit slashed my pension, and then my inheritance by 20%, not that i got much after my mum spent 6 years in a nursing home (that cost about 250,000 GBP). So more belt tightening. But better than living in the Costa Geriatrica in Sussex waiting to die and wondering if the children will visit this year other than Xmas.

 

Would i return? Not from choice. Due to stupid housing costs, it would take more than 50% of my pension to rent more than a room. Only 2 things would make me return, health expenses or failing the financial visa extension tests.

 

As for who would make the best PM, answer none. Another 10 plus years of Austerity under the conservatives or more National debt under Labour. University fees are extortionate, and there are few jobs any more to make it worthwhile. My son and his 3 friends from school went to University - now 25, he is unemployed, one friend is a teaching assistant. another a barman. Only the last did well, he is a dentist. So three wasted lives and big debts.

[ResandePohm]

22 hours ago, Watchful said:

Well, since you made fun of my spelling, let me retuning the favor.

 

Labour is coasting and hoping the money for their "give aways" will turn up ... like magic. Don't forget they also want a 250 billion stimulus/infrastructure program financed exclusively by .... WAIT here it comes .... BORROWING!

 

This is nothing more than printing money and as I said before you simply cannot escape the consequences of borrowing.

 

But Labour do escape the consequences. They borrow and borrow until they are bust. Then they allow the Torys to win an election so that they can sort out the mess before again regaining power and doing the same thing again

[ResandePohm]

22 hours ago, whatawonderfulday said:

Well those rose tinted glasses must be around everywhere these days then.  however your spelling mistake was quite possibly a correct faux pas. You stated "momentary policy", which is possibly very apt for May as she seems to be making up as she goes along.

 

I did not say the pound will strengthen when she is gone, although an improvement will most certainly occur. Once the UK have a stable government the pound will most certainly improve.  And if that comes about by still being part of Europe along the lines of Norway, Iceland and Switzerland than most certainly the pound will recover but it must be based on very long term commitments to that principal.  Not short term knee jerk policy.

 

Please also read the Labour manifesto. All policies were fully coasted, possibly providing a bit of confidence for the voters wheras May's policies are unclear, uncosted which would lead me and others to consider that most would be unworkable.  Certainly in the tin pot coalition she is building with the DUP the rational appears correct.

You are living in a dream world. Labours manifesto and all its other promises are certainly not costed. They can never deliver. They will need to plant a forest of money trees

[KarenBravo]

Seems a lot of people have short memories.

Anyone remember 1979? The winter of discontent?

Everyone was on strike. The army took over fire-fighting; mountains of uncollected rubbish in the streets, car-workers all out on strike, lorry drivers and the railway workers on strike. Even the grave-diggers were on strike.

The government wasn't governing the country, the unions were.

The working class through the Unions created the Hell by demanding outrageous pay-rises. They were the disease. Thatcher was the cure.

[sandyf]

18 hours ago, sanemax said:

Isnt the Pound about the same now as it was seven years ago ?

Why 7 years ago, tell us what it was 10 years ago. July 2007 it was 69.3 THB to the pound.

You picked a point just after the global financial crisis ignoring the recovery that was taking place until brexit kicked in.

In Jan 2009 the dollar was 1.433 and by Jan 2014 around 1.70, what is it today, 1.265.

[sandyf]

I have my own house so I am not worried at the moment but I am concerned. This is not going to get better, well not in my lifetime, and there is every possibility that it could get a whole lot worse. Combined with this question mark over insurance we may well see a lot more repats than expats.