Today's budget...

[Loz]

bobbsy Wrote:

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> So that assumes the treasury estimates only 1 in 7 landlords pay tax higher than the basic rate?

No, you also have to take into account those landlords which own the property outright (only about 50% of private landlords have a mortgage), plus those landlords which are businesses and would not have a mortgage as such, but a business loan or other form of funding.

[Parkdrive]

???? Wrote:

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> Still a Quid more than Ed Pledged....Osbourne you

> commie

Still bollocks regardless of who is delivering such a wonderful fillip for those earning peanuts. Well done Osborne, a whole pound more than the other lot promised. I bet that makes them feel SO much better.

[Otta]

Didn't Ed pledge a minimum wage of ?8p/h pretty much immediately, as opposes to ?9 in 5 years time.

[Otta]

Nah ignore me.

Miliband

?We will set new ambitions for the minimum wage. A minimum wage by 2019 reaching its highest ever proportion of average earnings, rising to more than ?8 an hour"

[Loz]

Parkdrive Wrote:

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> ???? Wrote:

> --------------------------------------------------

> -----

> > Still a Quid more than Ed Pledged....Osbourne you

> > commie

>

> Still bollocks regardless of who is delivering

> such a wonderful fillip for those earning peanuts.

> Well done Osborne, a whole pound more than the

> other lot promised. I bet that makes them feel SO

> much better.

So what do you think the minimum wage should be?

[Parkdrive]

Loz Wrote:

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> Parkdrive Wrote:

> --------------------------------------------------

> -----

> > ???? Wrote:

> >

> --------------------------------------------------

>

> > -----

> > > Still a Quid more than Ed Pledged....Osbourne

> you

> > > commie

> >

> > Still bollocks regardless of who is delivering

> > such a wonderful fillip for those earning

> peanuts.

> > Well done Osborne, a whole pound more than the

> > other lot promised. I bet that makes them feel

> SO

> > much better.

>

> So what do you think the minimum wage should be?

Let me do what politicians are best at and answer with a question, do you think ?9 an hour is a decent hourly rate, and could you live on it?

[????]

Labour would have been slaughtered in the media for a lot of this budget, the 'ledt wing bits' - very political too. But some proper social engineering stuff in there too - which some are going to hate. Stopping the state funding more than 2 kids (in future); removing inefficient redistribtion (tax credits) but raising thresholds an/or in-work pay - this, will inevitably increase relative poverty among those houses that largely rely on the state. it is making welfare tougher - us that a cruelty or a necessity (maybe a cruel necessity) - that's what divides people most.

[Loz]

Parkdrive Wrote:

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> Loz Wrote:

> > So what do you think the minimum wage should be?

>

> Let me do what politicians are best at and answer

> with a question, do you think ?9 an hour is a

> decent hourly rate, and could you live on it?

?9 an hour is ?16,300 a year at 35 hours a week. Well, when I was 25 I was single with no kids living in a shared house in London, so if that were me today then that would be hard, no doubt, but possible.

Outside of London, it would be a bit easier. I think that part the 'Living Wage' people got right - there should be differing minimum wages across the country. Or perhaps a London weighting.

Is it a 'decent' hourly rate? Well, 'decent' is a subjective word. But, again, where do you take it to? Are you proposing ?10/hr? Well, by your previous reasoning that would probably class as "whoopie-doo" as well, so I suspect not. So ?15? ?20?

So, I'll pass your question back to you - what do you think is an acceptable - nay 'decent' - minimum wage level?

[ruffers]

I'm waiting for people renting privately having the right to buy their home at hugely discounted prices, seems fair.

[bobbsy]

"No, you also have to take into account those landlords which own the property outright (only about 50% of private landlords have a mortgage), plus those landlords which are businesses and would not have a mortgage as such, but a business loan or other form of funding."

You could be right. So basically, this move, if it does push up rent rates, will increase the yield for cash rich professional landlords (politicians) and raise the barrier to entry for thise that need to borrow. I am starting to see the logic from an MP's mind now...