Go Back  British Expats > General > Take it Outside!
Reload this Page >

Not so good news Britain

Not so good news Britain

Old Sep 29th 2012, 10:34 am
  #1  
BE Forum Addict
Thread Starter
 
Joined: Oct 2010
Location: The sunshine state
Posts: 1,358
Bud the Wiser has a reputation beyond reputeBud the Wiser has a reputation beyond reputeBud the Wiser has a reputation beyond reputeBud the Wiser has a reputation beyond reputeBud the Wiser has a reputation beyond reputeBud the Wiser has a reputation beyond reputeBud the Wiser has a reputation beyond reputeBud the Wiser has a reputation beyond reputeBud the Wiser has a reputation beyond reputeBud the Wiser has a reputation beyond reputeBud the Wiser has a reputation beyond repute
Default Not so good news Britain

Many thanks to 'Feelbritish' for the link.

http://www.guardian.co.uk/news/datab...overty-at-risk

The column of related articles in the middle provide interesting reading.

e.g.

http://www.guardian.co.uk/commentisf...ter?intcmp=239

The comments section alone is worth a read.

also I've noted that there seems to have been a rapid increase in the amount of payday loan companies that are operating. Some of the larger ones are making huge profits of the backs of people already suffering due to the economy.

http://www.guardian.co.uk/business/2...earnings-loans
Bud the Wiser is offline  
Old Sep 29th 2012, 4:17 pm
  #2  
Concierge
 
mikelincs's Avatar
 
Joined: May 2006
Location: ex ex-pat, in Taunton
Posts: 25,275
mikelincs has a reputation beyond reputemikelincs has a reputation beyond reputemikelincs has a reputation beyond reputemikelincs has a reputation beyond reputemikelincs has a reputation beyond reputemikelincs has a reputation beyond reputemikelincs has a reputation beyond reputemikelincs has a reputation beyond reputemikelincs has a reputation beyond reputemikelincs has a reputation beyond reputemikelincs has a reputation beyond repute
Default Re: Not so good news Britain

Originally Posted by Bud the Wiser View Post
Many thanks to 'Feelbritish' for the link.

http://www.guardian.co.uk/news/datab...overty-at-risk

The column of related articles in the middle provide interesting reading.

e.g.

http://www.guardian.co.uk/commentisf...ter?intcmp=239

The comments section alone is worth a read.

also I've noted that there seems to have been a rapid increase in the amount of payday loan companies that are operating. Some of the larger ones are making huge profits of the backs of people already suffering due to the economy.

http://www.guardian.co.uk/business/2...earnings-loans
The thing that makes them sucessful is that it's the only place you can go to and get a loan in your bank account within 15 minutes, however they have been under scrutiny recently with a spate of money being taken from wrong accounts and people getting bills for money they never borrowed, apparently the system they use to do the checks does have some faults, and once you have borrowed from them you may have problems. Was highlighted on BBC a couple of weeks ago.
mikelincs is online now  
Old Sep 29th 2012, 4:38 pm
  #3  
BE Forum Addict
 
Joined: May 2012
Location: South Bucks
Posts: 1,654
feelbritish has a reputation beyond reputefeelbritish has a reputation beyond reputefeelbritish has a reputation beyond reputefeelbritish has a reputation beyond reputefeelbritish has a reputation beyond reputefeelbritish has a reputation beyond reputefeelbritish has a reputation beyond reputefeelbritish has a reputation beyond reputefeelbritish has a reputation beyond reputefeelbritish has a reputation beyond reputefeelbritish has a reputation beyond repute
Default Re: Not so good news Britain

This comes back to the original problem, people are living way beyond their means. They want all the latest gadgets now! It will cause huge social problems when they discover they cannot have what they want! I just hope it is not the tax payer who will have to pick up the slack once again!
feelbritish is offline  
Old Sep 29th 2012, 4:39 pm
  #4  
Banned
 
Joined: Jan 2011
Location: The REAL Utopia.
Posts: 9,910
chris955 has a reputation beyond reputechris955 has a reputation beyond reputechris955 has a reputation beyond reputechris955 has a reputation beyond reputechris955 has a reputation beyond reputechris955 has a reputation beyond reputechris955 has a reputation beyond reputechris955 has a reputation beyond reputechris955 has a reputation beyond reputechris955 has a reputation beyond reputechris955 has a reputation beyond repute
Default Re: Not so good news Britain

I had never heard of them until they started popping up all over the place in Australia before we left, along with Cash Convertors and similar shops. They charge ridiculous interest rates but I guess the idea is you only have the money for weeks at a time rather than years with a bank loan. Not something I would ever use.
chris955 is offline  
Old Sep 29th 2012, 4:46 pm
  #5  
BE Forum Addict
 
Joined: May 2012
Location: South Bucks
Posts: 1,654
feelbritish has a reputation beyond reputefeelbritish has a reputation beyond reputefeelbritish has a reputation beyond reputefeelbritish has a reputation beyond reputefeelbritish has a reputation beyond reputefeelbritish has a reputation beyond reputefeelbritish has a reputation beyond reputefeelbritish has a reputation beyond reputefeelbritish has a reputation beyond reputefeelbritish has a reputation beyond reputefeelbritish has a reputation beyond repute
Default Re: Not so good news Britain

BTW the title of this thread, could be for any country in the world right now. Here in Canada, more and more people are using food banks and in our small town we are seeing homeless people or families also living in caravans. Those pay day loans are usually frequented (well here anyway) by youngsters who want something straight away, spend and then wonder how they will pay for their rent! My OH works with a few of them and they go month to month at the money exchanges. He has tried to reason with them, but they just don't get it!
feelbritish is offline  
Old Sep 29th 2012, 4:58 pm
  #6  
Banned
 
Joined: Jan 2011
Location: The REAL Utopia.
Posts: 9,910
chris955 has a reputation beyond reputechris955 has a reputation beyond reputechris955 has a reputation beyond reputechris955 has a reputation beyond reputechris955 has a reputation beyond reputechris955 has a reputation beyond reputechris955 has a reputation beyond reputechris955 has a reputation beyond reputechris955 has a reputation beyond reputechris955 has a reputation beyond reputechris955 has a reputation beyond repute
Default Re: Not so good news Britain

Originally Posted by feelbritish View Post
BTW the title of this thread, could be for any country in the world right now. Here in Canada, more and more people are using food banks and in our small town we are seeing homeless people or families also living in caravans. Those pay day loans are usually frequented (well here anyway) by youngsters who want something straight away, spend and then wonder how they will pay for their rent! My OH works with a few of them and they go month to month at the money exchanges. He has tried to reason with them, but they just don't get it!
Yes I agree, we were seeing all those things in Brisbane as well, charities being pushed to the limit and families finding it hard to make ends meet.
chris955 is offline  
Old Sep 29th 2012, 5:01 pm
  #7  
Concierge
 
mikelincs's Avatar
 
Joined: May 2006
Location: ex ex-pat, in Taunton
Posts: 25,275
mikelincs has a reputation beyond reputemikelincs has a reputation beyond reputemikelincs has a reputation beyond reputemikelincs has a reputation beyond reputemikelincs has a reputation beyond reputemikelincs has a reputation beyond reputemikelincs has a reputation beyond reputemikelincs has a reputation beyond reputemikelincs has a reputation beyond reputemikelincs has a reputation beyond reputemikelincs has a reputation beyond repute
Default Re: Not so good news Britain

Originally Posted by chris955 View Post
I had never heard of them until they started popping up all over the place in Australia before we left, along with Cash Convertors and similar shops. They charge ridiculous interest rates but I guess the idea is you only have the money for weeks at a time rather than years with a bank loan. Not something I would ever use.
No nor me, average AER works out at about 3,000% but loand are only for 28 days max.
mikelincs is online now  
Old Sep 29th 2012, 6:34 pm
  #8  
BE Forum Addict
Thread Starter
 
Joined: Oct 2010
Location: The sunshine state
Posts: 1,358
Bud the Wiser has a reputation beyond reputeBud the Wiser has a reputation beyond reputeBud the Wiser has a reputation beyond reputeBud the Wiser has a reputation beyond reputeBud the Wiser has a reputation beyond reputeBud the Wiser has a reputation beyond reputeBud the Wiser has a reputation beyond reputeBud the Wiser has a reputation beyond reputeBud the Wiser has a reputation beyond reputeBud the Wiser has a reputation beyond reputeBud the Wiser has a reputation beyond repute
Default Re: Not so good news Britain

Originally Posted by feelbritish View Post
BTW the title of this thread, could be for any country in the world right now. Here in Canada, more and more people are using food banks and in our small town we are seeing homeless people or families also living in caravans. Those pay day loans are usually frequented (well here anyway) by youngsters who want something straight away, spend and then wonder how they will pay for their rent! My OH works with a few of them and they go month to month at the money exchanges. He has tried to reason with them, but they just don't get it!
Originally Posted by chris955 View Post
Yes I agree, we were seeing all those things in Brisbane as well, charities being pushed to the limit and families finding it hard to make ends meet.
Feel free to start a similar thread on the Canada/Australia sections of BE. That will give those who are thinking of moving to or moving back to or have moved to those countries an opportunity to discuss the merits and/or faults on any subject that is relative to the country they live in or are moving to.

Re: Pay day loans. The reason they have flourished is because people have become desperate. Sure there will be those who succumb to instant gratification, but I’m sure most of the recent users have fallen into the ‘robbing Peter to pay Paul’ situation. Unfortunately, falling for a payday loan just accelerates the downward spiral.
I’ve long advocated that it should be illegal for people to offer loans without a creditable system of payback affordability. The irony is, how do expect a government that can’t control its own debt to impose legislation on individual borrowing.
Bud the Wiser is offline  
Old Sep 29th 2012, 7:54 pm
  #9  
Banned
 
Joined: Jan 2011
Location: The REAL Utopia.
Posts: 9,910
chris955 has a reputation beyond reputechris955 has a reputation beyond reputechris955 has a reputation beyond reputechris955 has a reputation beyond reputechris955 has a reputation beyond reputechris955 has a reputation beyond reputechris955 has a reputation beyond reputechris955 has a reputation beyond reputechris955 has a reputation beyond reputechris955 has a reputation beyond reputechris955 has a reputation beyond repute
Default Re: Not so good news Britain

Originally Posted by mikelincs View Post
No nor me, average AER works out at about 3,000% but loand are only for 28 days max.
The one I was looking at 'somewhere else' offered the cash for a period of 14 days and on 500 you paid back 600, so 100 for 2 weeks. You really do have to be desperate to use them and when times get tough the sharks start circling.
chris955 is offline  
Old Sep 29th 2012, 8:59 pm
  #10  
BE Forum Addict
Thread Starter
 
Joined: Oct 2010
Location: The sunshine state
Posts: 1,358
Bud the Wiser has a reputation beyond reputeBud the Wiser has a reputation beyond reputeBud the Wiser has a reputation beyond reputeBud the Wiser has a reputation beyond reputeBud the Wiser has a reputation beyond reputeBud the Wiser has a reputation beyond reputeBud the Wiser has a reputation beyond reputeBud the Wiser has a reputation beyond reputeBud the Wiser has a reputation beyond reputeBud the Wiser has a reputation beyond reputeBud the Wiser has a reputation beyond repute
Default Re: Not so good news Britain

From the telegraph online....

http://www.telegraph.co.uk/earth/ene...l#dsq-comments

Once again, the comments column makes interseting reading. A lot of discussion on whether certain industries should be nationalised or privatised.
I can see both sides of the arguement, both arguements IMHO opinion boil down to greed. Morally wrong to make excessive profits out of a basic essential such as water, morally wrong to hold the country to ransom by withold services. Anyone know the answer?
Bud the Wiser is offline  
Old Sep 29th 2012, 9:21 pm
  #11  
BE Forum Addict
 
Joined: May 2012
Location: South Bucks
Posts: 1,654
feelbritish has a reputation beyond reputefeelbritish has a reputation beyond reputefeelbritish has a reputation beyond reputefeelbritish has a reputation beyond reputefeelbritish has a reputation beyond reputefeelbritish has a reputation beyond reputefeelbritish has a reputation beyond reputefeelbritish has a reputation beyond reputefeelbritish has a reputation beyond reputefeelbritish has a reputation beyond reputefeelbritish has a reputation beyond repute
Default Re: Not so good news Britain

No Bud, I don't know the answer either and as Chris says sharks start circulating when they thing there is an easy meal and what an easier way than to start putting prices up and blaming it on the economy? Let the poor sods in the street pay! Wasn't it the greed of bankers that started this whole mess to start off with? It is always down to plain greed. Unfortunately it is a large part human nature now. I always say no matter how great a politician is in the beginning, he/she eventually gets corrupted and goes with the flow!
feelbritish is offline  
Old Sep 29th 2012, 9:49 pm
  #12  
BE Forum Addict
Thread Starter
 
Joined: Oct 2010
Location: The sunshine state
Posts: 1,358
Bud the Wiser has a reputation beyond reputeBud the Wiser has a reputation beyond reputeBud the Wiser has a reputation beyond reputeBud the Wiser has a reputation beyond reputeBud the Wiser has a reputation beyond reputeBud the Wiser has a reputation beyond reputeBud the Wiser has a reputation beyond reputeBud the Wiser has a reputation beyond reputeBud the Wiser has a reputation beyond reputeBud the Wiser has a reputation beyond reputeBud the Wiser has a reputation beyond repute
Default Re: Not so good news Britain

Originally Posted by feelbritish View Post
No Bud, I don't know the answer either and as Chris says sharks start circulating when they thing there is an easy meal and what an easier way than to start putting prices up and blaming it on the economy? Let the poor sods in the street pay! Wasn't it the greed of bankers that started this whole mess to start off with? It is always down to plain greed. Unfortunately it is a large part human nature now. I always say no matter how great a politician is in the beginning, he/she eventually gets corrupted and goes with the flow!
Do you have a preference? Nationalisation or privitasation? I tend to side with privitisation, believing that competition will drive prices down. However, and I don't know if I'm alone in this, the complexity of what is on offer from the different utility companies would make decision making far from easy.

I know you mentioned earlier on another thread about people living a simpler lifestyle, and part of me sides with that fantasy. What would go along way to achieve that would be if the complexity of financial ( and retail ) transactions were presented to Joe Public in a more simplified way in order that they can be understood by the layman before purchase. I'm sure the complexity is designed to confuse and maximise profit to the detriment of those who haven't the capability ( or inclination ) to understand or read the small print.
Bud the Wiser is offline  
Old Sep 29th 2012, 10:17 pm
  #13  
BE Forum Addict
 
Joined: May 2012
Location: South Bucks
Posts: 1,654
feelbritish has a reputation beyond reputefeelbritish has a reputation beyond reputefeelbritish has a reputation beyond reputefeelbritish has a reputation beyond reputefeelbritish has a reputation beyond reputefeelbritish has a reputation beyond reputefeelbritish has a reputation beyond reputefeelbritish has a reputation beyond reputefeelbritish has a reputation beyond reputefeelbritish has a reputation beyond reputefeelbritish has a reputation beyond repute
Default Re: Not so good news Britain

I can see both sides of the coin! I tend to think that utilities like water, electricity and gas should not be privatised or if they are should have a larger involvement with the government setting prices and transparency etc so that Joe Public is not gouged but then again we need competition between them to keep prices competitive. On the other hand, if something is run by government, they are then open to unions taking advantage with strikes and with wanting more and more benefits which is not sustainable and abuse by officials with coverups. Mind you that has just happened with the banks! So it is a bit of a double edged sword. I am on the fence regarding public transport, there is more investment in rail when private but also prices keep jumping as well. No one wants to use government taxes to subsidise private companies. I do wish though that more younger people (30 to 40) would get involved in a more constructive way, after all their future is at stake here!
feelbritish is offline  
Old Sep 30th 2012, 5:33 am
  #14  
BE Forum Addict
Thread Starter
 
Joined: Oct 2010
Location: The sunshine state
Posts: 1,358
Bud the Wiser has a reputation beyond reputeBud the Wiser has a reputation beyond reputeBud the Wiser has a reputation beyond reputeBud the Wiser has a reputation beyond reputeBud the Wiser has a reputation beyond reputeBud the Wiser has a reputation beyond reputeBud the Wiser has a reputation beyond reputeBud the Wiser has a reputation beyond reputeBud the Wiser has a reputation beyond reputeBud the Wiser has a reputation beyond reputeBud the Wiser has a reputation beyond repute
Default Re: Not so good news Britain

Originally Posted by feelbritish View Post
I can see both sides of the coin! I tend to think that utilities like water, electricity and gas should not be privatised or if they are should have a larger involvement with the government setting prices and transparency etc so that Joe Public is not gouged but then again we need competition between them to keep prices competitive. On the other hand, if something is run by government, they are then open to unions taking advantage with strikes and with wanting more and more benefits which is not sustainable and abuse by officials with coverups. Mind you that has just happened with the banks! So it is a bit of a double edged sword. I am on the fence regarding public transport, there is more investment in rail when private but also prices keep jumping as well. No one wants to use government taxes to subsidise private companies. I do wish though that more younger people (30 to 40) would get involved in a more constructive way, after all their future is at stake here!
Thanks for your reply. Nationalisation v Privitisation of certain utilities is something I haven't been able to reconcile with myself. The jury is out, so to speak.

Your last sentences intrigues me. I know it's off topic, but why do you think younger people do not get involved in a more constructive way in their future. And what do you consider to be a constructive way?
Bud the Wiser is offline  
Old Sep 30th 2012, 6:54 am
  #15  
Banned
 
Joined: Jan 2011
Location: The REAL Utopia.
Posts: 9,910
chris955 has a reputation beyond reputechris955 has a reputation beyond reputechris955 has a reputation beyond reputechris955 has a reputation beyond reputechris955 has a reputation beyond reputechris955 has a reputation beyond reputechris955 has a reputation beyond reputechris955 has a reputation beyond reputechris955 has a reputation beyond reputechris955 has a reputation beyond reputechris955 has a reputation beyond repute
Default Re: Not so good news Britain

From what I can see competition from the utilities companies has been a good thing, we just signed a deal that sees our electricity and gas stay at todays price until at least April 2014. We wouldnt see this competition from a nationalised company. The interesting thing with our gas is that we live in a 400 year old house and the water company doesnt know where the stopcock for the supply is so they cant fit a meter so for years now they just issue a fixed amount bill at the beginning of the year, we got ours when we moved in a few months ago, just over £100 for the year regardless of how much we use
chris955 is offline  

Contact Us - Archive - Advertising - Cookie Policy - Privacy Statement - Terms of Service - Do Not Sell My Personal Information -

Copyright © 2021 MH Sub I, LLC dba Internet Brands. All rights reserved. Use of this site indicates your consent to the Terms of Use.