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Interest Rates going up
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"the BoE gives its latest assessment of the economy today, Carney said previously wages were gradually rising, something the central bank wants to see as it considers when to follow up on November’s first rate hike in a decade So will he announce today that we will thankfully have another interest rate hike, perhaps 0.5% eventually get interest rates up to at least 2 - 3% this year" Yes that's fine, but can you imagine the mortgage rate being 5% and the problem that would cause? Yes I have experienced mortgages at 15% but it would kill the economy. Yes those with savings benefit, but as a national statistic it would be very small. Yes I would benefit but what about the rest? It's a bit who cares I'm alright Jack. | |||
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"the BoE gives its latest assessment of the economy today, Carney said previously wages were gradually rising, something the central bank wants to see as it considers when to follow up on November’s first rate hike in a decade So will he announce today that we will thankfully have another interest rate hike, perhaps 0.5% eventually get interest rates up to at least 2 - 3% this year Yes that's fine, but can you imagine the mortgage rate being 5% and the problem that would cause? Yes I have experienced mortgages at 15% but it would kill the economy. Yes those with savings benefit, but as a national statistic it would be very small. Yes I would benefit but what about the rest? It's a bit who cares I'm alright Jack. " 1984 bought my first house, as you say, interest rates around 15%, such as life, we just got on with things 2 or 3% is needed for the UK | |||
 I don’t know anyone who is earning substantially more than they were last year 
Or are we talking about London again!  | |||
"the BoE gives its latest assessment of the economy today, Carney said previously wages were gradually rising, something the central bank wants to see as it considers when to follow up on November’s first rate hike in a decade So will he announce today that we will thankfully have another interest rate hike, perhaps 0.5% eventually get interest rates up to at least 2 - 3% this year" i hope that in your rush to get interest rates up you don't cripple people with mortages... because i know that you tend to be all about you, and you tend to give "two shits" about others who are trying to live...... | |||
"the BoE gives its latest assessment of the economy today, Carney said previously wages were gradually rising, something the central bank wants to see as it considers when to follow up on November’s first rate hike in a decade So will he announce today that we will thankfully have another interest rate hike, perhaps 0.5% eventually get interest rates up to at least 2 - 3% this year i hope that in your rush to get interest rates up you don't cripple people with mortages... because i know that you tend to be all about you, and you tend to give "two shits" about others who are trying to live......" Spot in my friend  | |||
"the BoE gives its latest assessment of the economy today, Carney said previously wages were gradually rising, something the central bank wants to see as it considers when to follow up on November’s first rate hike in a decade So will he announce today that we will thankfully have another interest rate hike, perhaps 0.5% eventually get interest rates up to at least 2 - 3% this year i hope that in your rush to get interest rates up you don't cripple people with mortages... because i know that you tend to be all about you, and you tend to give "two shits" about others who are trying to live......" . anybody purchasing a home on a 0.5% mortgage not taking into account that interest will go up is indeed foolish, don't you think. . exactly the same as people taking out "interest only mortgages" without having funds to clear mortgage once the interest period is over, this will be a big problem for many in the near future. . as for BoE assessment, this is on Thursday, apologies, I was thinking today was Thursday this morning when I got up, that's the trouble with retirement, you lose touch of days | |||
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"the BoE gives its latest assessment of the economy today, Carney said previously wages were gradually rising, something the central bank wants to see as it considers when to follow up on November’s first rate hike in a decade So will he announce today that we will thankfully have another interest rate hike, perhaps 0.5% eventually get interest rates up to at least 2 - 3% this year i hope that in your rush to get interest rates up you don't cripple people with mortages... because i know that you tend to be all about you, and you tend to give "two shits" about others who are trying to live...... . anybody purchasing a home on a 0.5% mortgage not taking into account that interest will go up is indeed foolish, don't you think. . exactly the same as people taking out "interest only mortgages" without having funds to clear mortgage once the interest period is over, this will be a big problem for many in the near future. . as for BoE assessment, this is on Thursday, apologies, I was thinking today was Thursday this morning when I got up, that's the trouble with retirement, you lose touch of days" Stupid young people. Why didn't they buy a house forty years ago and sit on a rise in capital without doing anything to earn it? Of course, I have been told that looking at graphs and understanding long term trends is also stupid. Paradox eh?  | |||
"Inflation up, wage stagnation, Brexit uncertainty (job losses, inflation, market crashes etc) sure - push interest rates sky high even, who wouldn't foresee what might go wrong "are you saying with the volatile stock market just now, that it is unreasonable to have interest rates around 2 - 3% | |||
"Inflation up, wage stagnation, Brexit uncertainty (job losses, inflation, market crashes etc) sure - push interest rates sky high even, who wouldn't foresee what might go wrong
are you saying with the volatile stock market just now, that it is unreasonable to have interest rates around 2 - 3%"Absolutely. All that matters is this point in time as it does for Trump right? What got us here or why doesn't matter does it?  | |||
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"Inflation up, wage stagnation, Brexit uncertainty (job losses, inflation, market crashes etc) sure - push interest rates sky high even, who wouldn't foresee what might go wrong "You do know why they'll put interest rates up don't you? They have revised their forecast growth for the year from 1.4% to 2%. Wages are increasing more than they have done for a decade. Unemployment is likely to fall further. They are concerned that this will help to fuel inflation. Hence increasing the bank rate to stop the economy from 'overheating'. Btw, the forecast growth for this year that they have revised upwards from 1.4% to 2% (that's 50% error)? That forecast was made just 12 weeks ago.... And yet we're supposed to believe they can be accurate forecasting 15 years in advance!!!!!!! | |||
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"I agree that wages have had a sustained freeze and fall for many, typically stretching back to the crash of 2008. They are stumbling along and I don't see most people gaining huge resurgence that would adjust for the losses, whilst inflation has progressively eaten away at their net income. Clobber inflation, appease savers, bump up mortgage costs and business borrowing costs? Lots of aspects to what the bank affects but the people who matter, who are they? The typical mortgage paying person with stagnated wages? How key will they be in interest decisions? Comfortable blue rinse brigade, with some savings? They think they are the most important. Businesses? I think there is little room for increase before hurting too many people who pay mortgages. Austerity has pushed people to borrow more, credit cards and other debts. Big rises to 2% or more will create a backlash against government." You really think the "blue rinse brigade" had it that easy! I truly think they were much more careful with their finances, they had it much tougher than the youth & young home owners of today and they had 15 -17% mortgages | |||
" You really think the "blue rinse brigade" had it that easy! I truly think they were much more careful with their finances, they had it much tougher than the youth & young home owners of today and they had 15 -17% mortgages" they have also had above inflation increases on their pensions for the past 7 years.... and counting!, so don't quite plead poverty yet!  | |||
"still froze at 0.5% but BoE is looking very closely I suspect my predictions of 2 - 3% by the end of the year will be correct." no where near close... but if close you meant they project interest rates to be at around 1.75% by the end of 2021 | |||
" You really think the "blue rinse brigade" had it that easy! I truly think they were much more careful with their finances, they had it much tougher than the youth & young home owners of today and they had 15 -17% mortgages they have also had above inflation increases on their pensions for the past 7 years.... and counting!, so don't quite plead poverty yet! "4.6% I received on private pension still have another 15 years to wait for state pension  | |||
"4.6% I received on private pension still have another 15 years to wait for state pension "I hope you remember to continue to make your NI contributions or you may find you are not entitled to the non means tested element of the state pension when you eventually reach state retirement age. | |||
"4.6% I received on private pension still have another 15 years to wait for state pension
I hope you remember to continue to make your NI contributions or you may find you are not entitled to the non means tested element of the state pension when you eventually reach state retirement age."Yes, that's a good point to everyone who retire early. I actually receive a high percentage of my state pension just now as part of my private pension when its actually due, I will lose this from private pension and receive in state pension | |||
"4.6% I received on private pension still have another 15 years to wait for state pension
I hope you remember to continue to make your NI contributions or you may find you are not entitled to the non means tested element of the state pension when you eventually reach state retirement age.
Yes, that's a good point to everyone who retire early.
I actually receive a high percentage of my state pension just now as part of my private pension
when its actually due, I will lose this from private pension and receive in state pension"TV presenter Jeremy Paxman is taking on his own generation of voters, which he blames for Britain's housing crisis. Paxman, 67, says his generation is betraying young people and holding politicians to ransom by forcing them to focus on their own issues. He has called for a ban on votes for those over-65. "I think that my generation have behaved like spoilt children. And, like spoilt children, our response is 'it's not my fault'. It's never our bloody fault," he said. Paxman added: "Actually, it is, because we have failed to recognise the consequences of our behaviour." According to the Daily Mail, Paxman said he does not take his state pension and was against money given to the elderly, including the winter fuel allowance. "I don't take the fuel allowance and I was offended to be offered it frankly—while I appreciate that some people do need it," he said. "And I don't take the pension. They've still got to be paid for by other people." The former Newsnight presenter, who hosted the show for 25 years before stepping down in 2014, admitted to being "very fortunate" and that he was able to keep on working. Paxman said his generation had enjoyed free university education and a booming jobs market, noting that none of his friends had trouble finding work. He also blamed the housing crisis on his peers, saying they were able to purchase property cheaply while younger generations struggle to get housing. "In that period between getting a job and demanding our pensions, we have sat on our a***s and watched our houses appreciate in value to the point where property prices bear no relation to people's earnings," he said. Paxman went on to accuse pensioners of "exploiting" their vote by making politicians focus on their own problems. He proposed a solution, limiting the vote. "I'm in favour of limiting the franchise...by stopping people voting at 65," he said. "The problem is that we demand things of politicians and they give it to us because they know we'll go out and vote. "They keep making them [pensioners] promises - and in particular, they promised that they will improve their pensions." | |||
"4.6% I received on private pension still have another 15 years to wait for state pension
I hope you remember to continue to make your NI contributions or you may find you are not entitled to the non means tested element of the state pension when you eventually reach state retirement age.
Yes, that's a good point to everyone who retire early.
I actually receive a high percentage of my state pension just now as part of my private pension
when its actually due, I will lose this from private pension and receive in state pension
TV presenter Jeremy Paxman is taking on his own generation of voters, which he blames for Britain's housing crisis.
Paxman, 67, says his generation is betraying young people and holding politicians to ransom by forcing them to focus on their own issues. He has called for a ban on votes for those over-65.
"I think that my generation have behaved like spoilt children. And, like spoilt children, our response is 'it's not my fault'. It's never our bloody fault," he said.
Paxman added: "Actually, it is, because we have failed to recognise the consequences of our behaviour."
According to the Daily Mail, Paxman said he does not take his state pension and was against money given to the elderly, including the winter fuel allowance.
"I don't take the fuel allowance and I was offended to be offered it frankly—while I appreciate that some people do need it," he said. "And I don't take the pension. They've still got to be paid for by other people."
The former Newsnight presenter, who hosted the show for 25 years before stepping down in 2014, admitted to being "very fortunate" and that he was able to keep on working.
Paxman said his generation had enjoyed free university education and a booming jobs market, noting that none of his friends had trouble finding work. He also blamed the housing crisis on his peers, saying they were able to purchase property cheaply while younger generations struggle to get housing.
"In that period between getting a job and demanding our pensions, we have sat on our a***s and watched our houses appreciate in value to the point where property prices bear no relation to people's earnings," he said.
Paxman went on to accuse pensioners of "exploiting" their vote by making politicians focus on their own problems. He proposed a solution, limiting the vote.
"I'm in favour of limiting the franchise...by stopping people voting at 65," he said. "The problem is that we demand things of politicians and they give it to us because they know we'll go out and vote.
"They keep making them [pensioners] promises - and in particular, they promised that they will improve their pensions.""Maybe they should start with the two houses. There are significant numbers of MPs and Lords that are over 65, but let's ban any over 60. And because they're an irrelevance and ruining everything for the younger generation, make everyone retire at 65 this would create more job opportunities for the younger generation. And then, because over 65s are an irrelevance in society, let's ban anyone over 60 from speaking in public or indeed having any kind of public office. I say over 60, because it's too close to 65 for them not to have that on their minds. Maybe we could start with Paxman. Barnier is 67 - there's a good start. Merkel, juncker, Blair, tusk, Verhofstadt, Clarke, Cable, corbyn, Mcdonnell, Abbott. ..... All of them can go, because they only serve to destroy the younger generation's hopes, aspirations and opportunities. And then, after a few years, maybe once you reach 65 then you should be put down, so that you're not a drain on society. | |||
"4.6% I received on private pension still have another 15 years to wait for state pension
I hope you remember to continue to make your NI contributions or you may find you are not entitled to the non means tested element of the state pension when you eventually reach state retirement age.
Yes, that's a good point to everyone who retire early.
I actually receive a high percentage of my state pension just now as part of my private pension
when its actually due, I will lose this from private pension and receive in state pension
TV presenter Jeremy Paxman is taking on his own generation of voters, which he blames for Britain's housing crisis.
Paxman, 67, says his generation is betraying young people and holding politicians to ransom by forcing them to focus on their own issues. He has called for a ban on votes for those over-65.
"I think that my generation have behaved like spoilt children. And, like spoilt children, our response is 'it's not my fault'. It's never our bloody fault," he said.
Paxman added: "Actually, it is, because we have failed to recognise the consequences of our behaviour."
According to the Daily Mail, Paxman said he does not take his state pension and was against money given to the elderly, including the winter fuel allowance.
"I don't take the fuel allowance and I was offended to be offered it frankly—while I appreciate that some people do need it," he said. "And I don't take the pension. They've still got to be paid for by other people."
The former Newsnight presenter, who hosted the show for 25 years before stepping down in 2014, admitted to being "very fortunate" and that he was able to keep on working.
Paxman said his generation had enjoyed free university education and a booming jobs market, noting that none of his friends had trouble finding work. He also blamed the housing crisis on his peers, saying they were able to purchase property cheaply while younger generations struggle to get housing.
"In that period between getting a job and demanding our pensions, we have sat on our a***s and watched our houses appreciate in value to the point where property prices bear no relation to people's earnings," he said.
Paxman went on to accuse pensioners of "exploiting" their vote by making politicians focus on their own problems. He proposed a solution, limiting the vote.
"I'm in favour of limiting the franchise...by stopping people voting at 65," he said. "The problem is that we demand things of politicians and they give it to us because they know we'll go out and vote.
"They keep making them [pensioners] promises - and in particular, they promised that they will improve their pensions.""I see you have been reading IBT and copied the above from IBT
.
Its okay for Jeremy Paxman to spout this nonsense when he lives on a different planet, he has no touch with reality, no understanding of how a pensioner struggling with finances lives
.
an income check for Paxman shows this;
Jeremy Paxman
Journalist, Broadcaster and Author
Born: 1950 UK
Children: 3
Annual: GBP 1,000,000.00
Monthly: GBP 83,333.00
Weekly: GBP 19,230.00
Daily: GBP 2,739.00
.
no wonder he doesn't need a state pension, the man is full of shit, well done he has made net assets of millions but he has no idea how the average pensioner lives, he is totally out of touch
interesting to see he has left his long loving faithful wife for a blonde 30 years younger
scumbags who cheat on their wives deserve hell, hope he ends up there. | |||
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"4.6% I received on private pension still have another 15 years to wait for state pension
I hope you remember to continue to make your NI contributions or you may find you are not entitled to the non means tested element of the state pension when you eventually reach state retirement age.
Yes, that's a good point to everyone who retire early.
I actually receive a high percentage of my state pension just now as part of my private pension
when its actually due, I will lose this from private pension and receive in state pension
TV presenter Jeremy Paxman is taking on his own generation of voters, which he blames for Britain's housing crisis.
Paxman, 67, says his generation is betraying young people and holding politicians to ransom by forcing them to focus on their own issues. He has called for a ban on votes for those over-65.
"I think that my generation have behaved like spoilt children. And, like spoilt children, our response is 'it's not my fault'. It's never our bloody fault," he said.
Paxman added: "Actually, it is, because we have failed to recognise the consequences of our behaviour."
According to the Daily Mail, Paxman said he does not take his state pension and was against money given to the elderly, including the winter fuel allowance.
"I don't take the fuel allowance and I was offended to be offered it frankly—while I appreciate that some people do need it," he said. "And I don't take the pension. They've still got to be paid for by other people."
The former Newsnight presenter, who hosted the show for 25 years before stepping down in 2014, admitted to being "very fortunate" and that he was able to keep on working.
Paxman said his generation had enjoyed free university education and a booming jobs market, noting that none of his friends had trouble finding work. He also blamed the housing crisis on his peers, saying they were able to purchase property cheaply while younger generations struggle to get housing.
"In that period between getting a job and demanding our pensions, we have sat on our a***s and watched our houses appreciate in value to the point where property prices bear no relation to people's earnings," he said.
Paxman went on to accuse pensioners of "exploiting" their vote by making politicians focus on their own problems. He proposed a solution, limiting the vote.
"I'm in favour of limiting the franchise...by stopping people voting at 65," he said. "The problem is that we demand things of politicians and they give it to us because they know we'll go out and vote.
"They keep making them [pensioners] promises - and in particular, they promised that they will improve their pensions."
I see you have been reading IBT and copied the above from IBT
.
Its okay for Jeremy Paxman to spout this nonsense when he lives on a different planet, he has no touch with reality, no understanding of how a pensioner struggling with finances lives
.
an income check for Paxman shows this;
Jeremy Paxman
Journalist, Broadcaster and Author
Born: 1950 UK
Children: 3
Annual: GBP 1,000,000.00
Monthly: GBP 83,333.00
Weekly: GBP 19,230.00
Daily: GBP 2,739.00
.
no wonder he doesn't need a state pension, the man is full of shit, well done he has made net assets of millions but he has no idea how the average pensioner lives, he is totally out of touch
interesting to see he has left his long loving faithful wife for a blonde 30 years younger
scumbags who cheat on their wives deserve hell, hope he ends up there."I never claimed that I write it 
You are doing incredibly well aren't you? You telling us as much. Much better than the rest of us by taking shrewd decisions like being born at the right time in history.
Clever you.
You have said you don't give a crap about anyone else either.
You are right though, we probably shouldn't listen to privileged, old men too much. Their claims of wisdom are in many cases just a blend of prejudice and resentment | |||
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"4.6% I received on private pension still have another 15 years to wait for state pension
I hope you remember to continue to make your NI contributions or you may find you are not entitled to the non means tested element of the state pension when you eventually reach state retirement age.
Yes, that's a good point to everyone who retire early.
I actually receive a high percentage of my state pension just now as part of my private pension
when its actually due, I will lose this from private pension and receive in state pension
TV presenter Jeremy Paxman is taking on his own generation of voters, which he blames for Britain's housing crisis.
Paxman, 67, says his generation is betraying young people and holding politicians to ransom by forcing them to focus on their own issues. He has called for a ban on votes for those over-65.
"I think that my generation have behaved like spoilt children. And, like spoilt children, our response is 'it's not my fault'. It's never our bloody fault," he said.
Paxman added: "Actually, it is, because we have failed to recognise the consequences of our behaviour."
According to the Daily Mail, Paxman said he does not take his state pension and was against money given to the elderly, including the winter fuel allowance.
"I don't take the fuel allowance and I was offended to be offered it frankly—while I appreciate that some people do need it," he said. "And I don't take the pension. They've still got to be paid for by other people."
The former Newsnight presenter, who hosted the show for 25 years before stepping down in 2014, admitted to being "very fortunate" and that he was able to keep on working.
Paxman said his generation had enjoyed free university education and a booming jobs market, noting that none of his friends had trouble finding work. He also blamed the housing crisis on his peers, saying they were able to purchase property cheaply while younger generations struggle to get housing.
"In that period between getting a job and demanding our pensions, we have sat on our a***s and watched our houses appreciate in value to the point where property prices bear no relation to people's earnings," he said.
Paxman went on to accuse pensioners of "exploiting" their vote by making politicians focus on their own problems. He proposed a solution, limiting the vote.
"I'm in favour of limiting the franchise...by stopping people voting at 65," he said. "The problem is that we demand things of politicians and they give it to us because they know we'll go out and vote.
"They keep making them [pensioners] promises - and in particular, they promised that they will improve their pensions."
I see you have been reading IBT and copied the above from IBT
.
Its okay for Jeremy Paxman to spout this nonsense when he lives on a different planet, he has no touch with reality, no understanding of how a pensioner struggling with finances lives
.
an income check for Paxman shows this;
Jeremy Paxman
Journalist, Broadcaster and Author
Born: 1950 UK
Children: 3
Annual: GBP 1,000,000.00
Monthly: GBP 83,333.00
Weekly: GBP 19,230.00
Daily: GBP 2,739.00
.
no wonder he doesn't need a state pension, the man is full of shit, well done he has made net assets of millions but he has no idea how the average pensioner lives, he is totally out of touch
interesting to see he has left his long loving faithful wife for a blonde 30 years younger
scumbags who cheat on their wives deserve hell, hope he ends up there.
I never claimed that I write it
You are doing incredibly well aren't you? You telling us as much. Much better than the rest of us by taking shrewd decisions like being born at the right time in history.
Clever you.
You have said you don't give a crap about anyone else either.
You are right though, we probably shouldn't listen to privileged, old men too much. Their claims of wisdom are in many cases just a blend of prejudice and resentment "agreed scumbags who cheat on there wife's should rot in hell | |||
"4.6% I received on private pension still have another 15 years to wait for state pension
I hope you remember to continue to make your NI contributions or you may find you are not entitled to the non means tested element of the state pension when you eventually reach state retirement age.
Yes, that's a good point to everyone who retire early.
I actually receive a high percentage of my state pension just now as part of my private pension
when its actually due, I will lose this from private pension and receive in state pension
TV presenter Jeremy Paxman is taking on his own generation of voters, which he blames for Britain's housing crisis.
Paxman, 67, says his generation is betraying young people and holding politicians to ransom by forcing them to focus on their own issues. He has called for a ban on votes for those over-65.
"I think that my generation have behaved like spoilt children. And, like spoilt children, our response is 'it's not my fault'. It's never our bloody fault," he said.
Paxman added: "Actually, it is, because we have failed to recognise the consequences of our behaviour."
According to the Daily Mail, Paxman said he does not take his state pension and was against money given to the elderly, including the winter fuel allowance.
"I don't take the fuel allowance and I was offended to be offered it frankly—while I appreciate that some people do need it," he said. "And I don't take the pension. They've still got to be paid for by other people."
The former Newsnight presenter, who hosted the show for 25 years before stepping down in 2014, admitted to being "very fortunate" and that he was able to keep on working.
Paxman said his generation had enjoyed free university education and a booming jobs market, noting that none of his friends had trouble finding work. He also blamed the housing crisis on his peers, saying they were able to purchase property cheaply while younger generations struggle to get housing.
"In that period between getting a job and demanding our pensions, we have sat on our a***s and watched our houses appreciate in value to the point where property prices bear no relation to people's earnings," he said.
Paxman went on to accuse pensioners of "exploiting" their vote by making politicians focus on their own problems. He proposed a solution, limiting the vote.
"I'm in favour of limiting the franchise...by stopping people voting at 65," he said. "The problem is that we demand things of politicians and they give it to us because they know we'll go out and vote.
"They keep making them [pensioners] promises - and in particular, they promised that they will improve their pensions."
I see you have been reading IBT and copied the above from IBT
.
Its okay for Jeremy Paxman to spout this nonsense when he lives on a different planet, he has no touch with reality, no understanding of how a pensioner struggling with finances lives
.
an income check for Paxman shows this;
Jeremy Paxman
Journalist, Broadcaster and Author
Born: 1950 UK
Children: 3
Annual: GBP 1,000,000.00
Monthly: GBP 83,333.00
Weekly: GBP 19,230.00
Daily: GBP 2,739.00
.
no wonder he doesn't need a state pension, the man is full of shit, well done he has made net assets of millions but he has no idea how the average pensioner lives, he is totally out of touch
interesting to see he has left his long loving faithful wife for a blonde 30 years younger
scumbags who cheat on their wives deserve hell, hope he ends up there.
I never claimed that I write it
You are doing incredibly well aren't you? You telling us as much. Much better than the rest of us by taking shrewd decisions like being born at the right time in history.
Clever you.
You have said you don't give a crap about anyone else either.
You are right though, we probably shouldn't listen to privileged, old men too much. Their claims of wisdom are in many cases just a blend of prejudice and resentment
agreed scumbags who cheat on there wife's should rot in hell "Like me? 
Bless you go raising an irrelevant point.
I don't believe in hell either | |||
"ouch, touch of green eyed monster "Nope. I can just recognise both hypocrisy and irony. You are uniquely gifted in your ability to undermine your own arguments aren't you? | |||
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"4.6% I received on private pension still have another 15 years to wait for state pension
I hope you remember to continue to make your NI contributions or you may find you are not entitled to the non means tested element of the state pension when you eventually reach state retirement age.
Yes, that's a good point to everyone who retire early.
I actually receive a high percentage of my state pension just now as part of my private pension
when its actually due, I will lose this from private pension and receive in state pension
TV presenter Jeremy Paxman is taking on his own generation of voters, which he blames for Britain's housing crisis.
Paxman, 67, says his generation is betraying young people and holding politicians to ransom by forcing them to focus on their own issues. He has called for a ban on votes for those over-65.
"I think that my generation have behaved like spoilt children. And, like spoilt children, our response is 'it's not my fault'. It's never our bloody fault," he said.
Paxman added: "Actually, it is, because we have failed to recognise the consequences of our behaviour."
According to the Daily Mail, Paxman said he does not take his state pension and was against money given to the elderly, including the winter fuel allowance.
"I don't take the fuel allowance and I was offended to be offered it frankly—while I appreciate that some people do need it," he said. "And I don't take the pension. They've still got to be paid for by other people."
The former Newsnight presenter, who hosted the show for 25 years before stepping down in 2014, admitted to being "very fortunate" and that he was able to keep on working.
Paxman said his generation had enjoyed free university education and a booming jobs market, noting that none of his friends had trouble finding work. He also blamed the housing crisis on his peers, saying they were able to purchase property cheaply while younger generations struggle to get housing.
"In that period between getting a job and demanding our pensions, we have sat on our a***s and watched our houses appreciate in value to the point where property prices bear no relation to people's earnings," he said.
Paxman went on to accuse pensioners of "exploiting" their vote by making politicians focus on their own problems. He proposed a solution, limiting the vote.
"I'm in favour of limiting the franchise...by stopping people voting at 65," he said. "The problem is that we demand things of politicians and they give it to us because they know we'll go out and vote.
"They keep making them [pensioners] promises - and in particular, they promised that they will improve their pensions."
Maybe they should start with the two houses.
There are significant numbers of MPs and Lords that are over 65, but let's ban any over 60.
And because they're an irrelevance and ruining everything for the younger generation, make everyone retire at 65 this would create more job opportunities for the younger generation.
And then, because over 65s are an irrelevance in society, let's ban anyone over 60 from speaking in public or indeed having any kind of public office. I say over 60, because it's too close to 65 for them not to have that on their minds. Maybe we could start with Paxman.
Barnier is 67 - there's a good start. Merkel, juncker, Blair, tusk, Verhofstadt, Clarke, Cable, corbyn, Mcdonnell, Abbott. ..... All of them can go, because they only serve to destroy the younger generation's hopes, aspirations and opportunities.
And then, after a few years, maybe once you reach 65 then you should be put down, so that you're not a drain on society.
"Wow that's pretty extreme view. Paxman made some valid points which should be looked at as a starting point. You poo poo ideas but don't put forward any solution. A 17 yr old has NO representation whatsoever, but an 80 something who is coming to the end of their life still has a vote! The old adage "we have always done it that way " doesn't mean it's the best. .... | |||
"I am green voter so i would recycle pensioners.Due to the overpopulation on the planet and limited resources and our working population to retired population imbalance a drastically different approach is required to save our species and ecosystem from extinction.The only other option is to find another earth. Seeing as we exceed renewable resources every 6 months we are using 1.5 earth's at present. So the Soylent green approach or voluntary/imposed euthanasia is an option when faced with extinction ." Well actually there are many parts of the world where the population is very young, so we could shuffle the deck. We are also heading for peak human. Despite what the Daily Mail and Fox News say, the world is getting more prosperous, women are becoming better educated and birth rates are falling fast. You don't need to be quite so nihilistic | |||
"I am green voter so i would recycle pensioners.Due to the overpopulation on the planet and limited resources and our working population to retired population imbalance a drastically different approach is required to save our species and ecosystem from extinction.The only other option is to find another earth. Seeing as we exceed renewable resources every 6 months we are using 1.5 earth's at present. So the Soylent green approach or voluntary/imposed euthanasia is an option when faced with extinction . Well actually there are many parts of the world where the population is very young, so we could shuffle the deck. We are also heading for peak human. Despite what the Daily Mail and Fox News say, the world is getting more prosperous, women are becoming better educated and birth rates are falling fast. You don't need to be quite so nihilistic "Have you read Limits to growth.Published in 72 and hasnt been wrong yet all the computer models run by MIT say it's correct year after year.The message of this book still holds toda.The earth’s interlocking resources, the global system of nature in which we all live – probably cannot support present rates of economic and population growth much beyond the year 2100. MIT examined the five basic factors that determine and, in their interactions, ultimately limit growth on this planets population increase, agricultural production, nonrenewable resource depletion, industrial output, and pollution generation. The MIT team fed data on these five factors into a global computer model and then tested the behavior of the model under several sets of assumptions to determine alternative patterns for mankind’s future. Unless we change its very very bleak. | |||
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"I am green voter so i would recycle pensioners.Due to the overpopulation on the planet and limited resources and our working population to retired population imbalance a drastically different approach is required to save our species and ecosystem from extinction.The only other option is to find another earth. Seeing as we exceed renewable resources every 6 months we are using 1.5 earth's at present. So the Soylent green approach or voluntary/imposed euthanasia is an option when faced with extinction . Well actually there are many parts of the world where the population is very young, so we could shuffle the deck. We are also heading for peak human. Despite what the Daily Mail and Fox News say, the world is getting more prosperous, women are becoming better educated and birth rates are falling fast. You don't need to be quite so nihilistic
Have you read Limits to growth.Published in 72 and hasnt been wrong yet all the computer models run by MIT say it's correct year after year.The message of this book still holds toda.The earth’s interlocking resources, the global system of nature in which we all live – probably cannot support present rates of economic and population growth much beyond the year 2100.
MIT examined the five basic factors that determine and, in their interactions, ultimately limit growth on this planets population increase, agricultural production, nonrenewable resource depletion, industrial output, and pollution generation. The MIT team fed data on these five factors into a global computer model and then tested the behavior of the model under several sets of assumptions to determine alternative patterns for mankind’s future. Unless we change its very very bleak."1972 was a very long time ago. Shouldn't your opinions change with the data? Otherwise aren't you in danger of becoming what you dislike? People who's perception of the world does not evolve regardless of the reality. Hans Rosling: Global population growth, box by box http://go.ted.com/S1Xgrg | |||
"If they want to influence peoples spending i think increased interest rates are not the best tool Rates dont affect tenants in the short term at all Electricity is something we all need so i suggest increasing electricity tariffs instead of interest rates This would reduce spending for everyone instantly" The BoE has very few economic tools to use to achieve the level of inflation that it is tasked with delivering. Interest rates are very crude as they do not focus on specific issues. Government has the flexibility. However, increasing electricity prices disproportionately effects the poor because it is a necessity. Is that appropriate? | |||
"I am green voter so i would recycle pensioners.Due to the overpopulation on the planet and limited resources and our working population to retired population imbalance a drastically different approach is required to save our species and ecosystem from extinction.The only other option is to find another earth. Seeing as we exceed renewable resources every 6 months we are using 1.5 earth's at present. So the Soylent green approach or voluntary/imposed euthanasia is an option when faced with extinction . Well actually there are many parts of the world where the population is very young, so we could shuffle the deck. We are also heading for peak human. Despite what the Daily Mail and Fox News say, the world is getting more prosperous, women are becoming better educated and birth rates are falling fast. You don't need to be quite so nihilistic
Have you read Limits to growth.Published in 72 and hasnt been wrong yet all the computer models run by MIT say it's correct year after year.The message of this book still holds toda.The earth’s interlocking resources, the global system of nature in which we all live – probably cannot support present rates of economic and population growth much beyond the year 2100.
MIT examined the five basic factors that determine and, in their interactions, ultimately limit growth on this planets population increase, agricultural production, nonrenewable resource depletion, industrial output, and pollution generation. The MIT team fed data on these five factors into a global computer model and then tested the behavior of the model under several sets of assumptions to determine alternative patterns for mankind’s future. Unless we change its very very bleak.
1972 was a very long time ago.
Shouldn't your opinions change with the data? Otherwise aren't you in danger of becoming what you dislike? People who's perception of the world does not evolve regardless of the reality.
Hans Rosling: Global population growth, box by box
http://go.ted.com/S1Xgrg
"The predictions made by MIT get rerun every since 1972 and we haven't deviated from the original predictions. So its more relevant that the model was made in 72 rather than today.I doubt anyone would consider MIT nihilists. | |||
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"I am green voter so i would recycle pensioners.Due to the overpopulation on the planet and limited resources and our working population to retired population imbalance a drastically different approach is required to save our species and ecosystem from extinction.The only other option is to find another earth. Seeing as we exceed renewable resources every 6 months we are using 1.5 earth's at present. So the Soylent green approach or voluntary/imposed euthanasia is an option when faced with extinction . Well actually there are many parts of the world where the population is very young, so we could shuffle the deck. We are also heading for peak human. Despite what the Daily Mail and Fox News say, the world is getting more prosperous, women are becoming better educated and birth rates are falling fast. You don't need to be quite so nihilistic
Have you read Limits to growth.Published in 72 and hasnt been wrong yet all the computer models run by MIT say it's correct year after year.The message of this book still holds toda.The earth’s interlocking resources, the global system of nature in which we all live – probably cannot support present rates of economic and population growth much beyond the year 2100.
MIT examined the five basic factors that determine and, in their interactions, ultimately limit growth on this planets population increase, agricultural production, nonrenewable resource depletion, industrial output, and pollution generation. The MIT team fed data on these five factors into a global computer model and then tested the behavior of the model under several sets of assumptions to determine alternative patterns for mankind’s future. Unless we change its very very bleak.
1972 was a very long time ago.
Shouldn't your opinions change with the data? Otherwise aren't you in danger of becoming what you dislike? People who's perception of the world does not evolve regardless of the reality.
Hans Rosling: Global population growth, box by box
http://go.ted.com/S1Xgrg
The predictions made by MIT get rerun every since 1972 and we haven't deviated from the original predictions. So its more relevant that the model was made in 72 rather than today.I doubt anyone would consider MIT nihilists."I have skimmed the abstract and some commentaries, both good and bad. As far as I can see, even the authors have stated that these are not predictions. They are trends based on various types of behaviour. Unfortunately we have been following the more pessimistic "business as usual" trend with consumption, but population and finding new resources has before positive. It seems to me that the problem is more those who choose to deny that anything is wrong with regards to changing behaviours than having too many children. Given the opportunity it goes to less than two children per family... | |||
"4.6% I received on private pension still have another 15 years to wait for state pension
I hope you remember to continue to make your NI contributions or you may find you are not entitled to the non means tested element of the state pension when you eventually reach state retirement age.
Yes, that's a good point to everyone who retire early.
I actually receive a high percentage of my state pension just now as part of my private pension
when its actually due, I will lose this from private pension and receive in state pension
TV presenter Jeremy Paxman is taking on his own generation of voters, which he blames for Britain's housing crisis.
Paxman, 67, says his generation is betraying young people and holding politicians to ransom by forcing them to focus on their own issues. He has called for a ban on votes for those over-65.
"I think that my generation have behaved like spoilt children. And, like spoilt children, our response is 'it's not my fault'. It's never our bloody fault," he said.
Paxman added: "Actually, it is, because we have failed to recognise the consequences of our behaviour."
According to the Daily Mail, Paxman said he does not take his state pension and was against money given to the elderly, including the winter fuel allowance.
"I don't take the fuel allowance and I was offended to be offered it frankly—while I appreciate that some people do need it," he said. "And I don't take the pension. They've still got to be paid for by other people."
The former Newsnight presenter, who hosted the show for 25 years before stepping down in 2014, admitted to being "very fortunate" and that he was able to keep on working.
Paxman said his generation had enjoyed free university education and a booming jobs market, noting that none of his friends had trouble finding work. He also blamed the housing crisis on his peers, saying they were able to purchase property cheaply while younger generations struggle to get housing.
"In that period between getting a job and demanding our pensions, we have sat on our a***s and watched our houses appreciate in value to the point where property prices bear no relation to people's earnings," he said.
Paxman went on to accuse pensioners of "exploiting" their vote by making politicians focus on their own problems. He proposed a solution, limiting the vote.
"I'm in favour of limiting the franchise...by stopping people voting at 65," he said. "The problem is that we demand things of politicians and they give it to us because they know we'll go out and vote.
"They keep making them [pensioners] promises - and in particular, they promised that they will improve their pensions."
Maybe they should start with the two houses.
There are significant numbers of MPs and Lords that are over 65, but let's ban any over 60.
And because they're an irrelevance and ruining everything for the younger generation, make everyone retire at 65 this would create more job opportunities for the younger generation.
And then, because over 65s are an irrelevance in society, let's ban anyone over 60 from speaking in public or indeed having any kind of public office. I say over 60, because it's too close to 65 for them not to have that on their minds. Maybe we could start with Paxman.
Barnier is 67 - there's a good start. Merkel, juncker, Blair, tusk, Verhofstadt, Clarke, Cable, corbyn, Mcdonnell, Abbott. ..... All of them can go, because they only serve to destroy the younger generation's hopes, aspirations and opportunities.
And then, after a few years, maybe once you reach 65 then you should be put down, so that you're not a drain on society.
Wow that's pretty extreme view.
Paxman made some valid points which should be looked at as a starting point. You poo poo ideas but don't put forward any solution. A 17 yr old has NO representation whatsoever, but an 80 something who is coming to the end of their life still has a vote! The old adage "we have always done it that way " doesn't mean it's the best. ...."Of course, you cannot see the sarcasm in what I was saying.... Though I do note that, whilst extolling how virtuous he is in not taking a pension or heating payment, he didn't say that he himself didn't vote due to being over 65.... He didn't say that he didn't vote at all actually. Maybe it's only those over 65 that don't vote how he thinks they should that he wants banned. As for under 18s being allowed to vote? Don't agree with it. And we have two children who, when they were 16/17, thought that they should be allowed to vote. Now that they're both secondary school teachers, they both say that there's no way anyone under 18 should be allowed to vote. | |||
"4.6% I received on private pension still have another 15 years to wait for state pension
I hope you remember to continue to make your NI contributions or you may find you are not entitled to the non means tested element of the state pension when you eventually reach state retirement age.
Yes, that's a good point to everyone who retire early.
I actually receive a high percentage of my state pension just now as part of my private pension
when its actually due, I will lose this from private pension and receive in state pension
TV presenter Jeremy Paxman is taking on his own generation of voters, which he blames for Britain's housing crisis.
Paxman, 67, says his generation is betraying young people and holding politicians to ransom by forcing them to focus on their own issues. He has called for a ban on votes for those over-65.
"I think that my generation have behaved like spoilt children. And, like spoilt children, our response is 'it's not my fault'. It's never our bloody fault," he said.
Paxman added: "Actually, it is, because we have failed to recognise the consequences of our behaviour."
According to the Daily Mail, Paxman said he does not take his state pension and was against money given to the elderly, including the winter fuel allowance.
"I don't take the fuel allowance and I was offended to be offered it frankly—while I appreciate that some people do need it," he said. "And I don't take the pension. They've still got to be paid for by other people."
The former Newsnight presenter, who hosted the show for 25 years before stepping down in 2014, admitted to being "very fortunate" and that he was able to keep on working.
Paxman said his generation had enjoyed free university education and a booming jobs market, noting that none of his friends had trouble finding work. He also blamed the housing crisis on his peers, saying they were able to purchase property cheaply while younger generations struggle to get housing.
"In that period between getting a job and demanding our pensions, we have sat on our a***s and watched our houses appreciate in value to the point where property prices bear no relation to people's earnings," he said.
Paxman went on to accuse pensioners of "exploiting" their vote by making politicians focus on their own problems. He proposed a solution, limiting the vote.
"I'm in favour of limiting the franchise...by stopping people voting at 65," he said. "The problem is that we demand things of politicians and they give it to us because they know we'll go out and vote.
"They keep making them [pensioners] promises - and in particular, they promised that they will improve their pensions."
Maybe they should start with the two houses.
There are significant numbers of MPs and Lords that are over 65, but let's ban any over 60.
And because they're an irrelevance and ruining everything for the younger generation, make everyone retire at 65 this would create more job opportunities for the younger generation.
And then, because over 65s are an irrelevance in society, let's ban anyone over 60 from speaking in public or indeed having any kind of public office. I say over 60, because it's too close to 65 for them not to have that on their minds. Maybe we could start with Paxman.
Barnier is 67 - there's a good start. Merkel, juncker, Blair, tusk, Verhofstadt, Clarke, Cable, corbyn, Mcdonnell, Abbott. ..... All of them can go, because they only serve to destroy the younger generation's hopes, aspirations and opportunities.
And then, after a few years, maybe once you reach 65 then you should be put down, so that you're not a drain on society.
Wow that's pretty extreme view.
Paxman made some valid points which should be looked at as a starting point. You poo poo ideas but don't put forward any solution. A 17 yr old has NO representation whatsoever, but an 80 something who is coming to the end of their life still has a vote! The old adage "we have always done it that way " doesn't mean it's the best. ....
Of course, you cannot see the sarcasm in what I was saying.... Though I do note that, whilst extolling how virtuous he is in not taking a pension or heating payment, he didn't say that he himself didn't vote due to being over 65.... He didn't say that he didn't vote at all actually. Maybe it's only those over 65 that don't vote how he thinks they should that he wants banned.
As for under 18s being allowed to vote? Don't agree with it.
And we have two children who, when they were 16/17, thought that they should be allowed to vote. Now that they're both secondary school teachers, they both say that there's no way anyone under 18 should be allowed to vote."Interesting and another valid opinion! I don't think 16 yr olds should be able to vote, but 17yr olds yes. Maturity varies from individual to individual, and some may not have the maturity but that's never going to be solved. You can fight for your country at 17 so are mature enough to go to war so should be able to vote. With regards to "oldies" I have mixed views. They should be able to vote because what is decided effects them. A recent example a lady who left the UK 15yrs and had no vote. She was most displeased about it. It's not until you lose something that you appreciate it! | |||
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