New prime minister
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 HKOwen  Hong Kong 25 Sep 22 11.01am |
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It's a word salad designed to appeal to anyone who wants a cleaner planet. here has to be a mix for the next couple of decades at least that includes gas, wind, solar , nuclear etc. Proponents of wind and solar are seldom prepared to admit there are negatives to both. The storage problem is a hurdle No source of energy is perfect.
Responsibility Deficit Disorder is a medical condition. Symptoms include inability to be corrected when wrong, false sense of superiority, desire to share personal info no else cares about, general hubris. It's a medical issue rather than pure arrogance. |
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steeleye20  Croydon 25 Sep 22 11.09am |
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Originally posted by Badger11
I spotted this morning that Starmer is pledging to be zero net energy by 2030, more interesting than the usual bland statements about wind / solar / tidal / energy efficiency was the support for nuclear power which currently is the only realistic way we can achieve this. I wonder how firm a support there is in the Labour party for nuclear, we shall see. As I understand it Labour are planning for 8 new reactors, of course it takes years and is the most expensive option, not least at the expiry you never stop paying. Energy should be publicly owned and the profits invested in wind, solar tidal etc. and insulating British homes, so should water. There is only one pipe into your property for each. A few more years of the tories fossil fuel energy policy and who knows where bills might be? More than the rent? Second mortgage?
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| HKOwen Hong Kong 25 Sep 22 11.19am |
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I agree to a degree. All new builds should be as efficient as possible. The Victorian and older housing stock is very difficult to insulate cost effectively. Heat pumps are only suitable for a very small number of properties. We don't need to lead the world in good intentions as no one cares in the countries that are the main problem. We need a pragmatic approach based on energy security as the priority aim IMO. I have no problem with nationalising energy and water in a perfect world, but the age of the pipes in the water supply means that the required investment is very difficult to generate from supply at a price people can afford. Water supply is a monopoly and as such should not be in private hands as long as we can get competent people to work in the nationalised service. Energy is for me a similar thing but the distribution network does allow for competition unlike water.
Responsibility Deficit Disorder is a medical condition. Symptoms include inability to be corrected when wrong, false sense of superiority, desire to share personal info no else cares about, general hubris. It's a medical issue rather than pure arrogance. |
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| silvertop Portishead 25 Sep 22 12.05pm |
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Originally posted by Badger11
I agree with that, I grew up in he sixties and seventies most working people could not afford to buy nor could the generations who came before. The only time in this country when buying was a realistic prospect for most people was the eighties and nineties. So affordability has been the exception rather than the rule. All that said if you are not prepared to save you will never be in a position to buy. Edited by Badger11 (25 Sep 2022 9.57am) The trouble is that there is an ever diminishing pot from which to save while property prices continue to soar. Your £100k couple are not the norm. Generally folk earn less and devote their income to rent, bills and servicing debt. But taking your £100k couple, if they did decide to save they could raise a deposit for the scummy one bed we all started in. But if they have kids this would mean a family home and not your standard 1st time buy. Have you any idea how long it would take to save for that? 15, 20 years, even on their joint salary. Bear in mind we had to raise 10% deposit (sometimes less - remember the 100% Mortgage?). Today it is 22% on average. Pontificating to the young from a position of ignorance based on our outdated experience is not helpful. Yet while those views are strongly held by that generation who hold the power, nothing will change.
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cryrst  The garden of England 25 Sep 22 1.20pm |
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Originally posted by Badger11
I agree with that, I grew up in he sixties and seventies most working people could not afford to buy nor could the generations who came before. The only time in this country when buying was a realistic prospect for most people was the eighties and nineties. So affordability has been the exception rather than the rule. All that said if you are not prepared to save you will never be in a position to buy. Edited by Badger11 (25 Sep 2022 9.57am) Imagine where the uk would be if Maggie didn’t allow council houses to be bought.
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| Badger11 Beckenham 25 Sep 22 1.30pm |
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Originally posted by cryrst
Imagine where the uk would be if Maggie didn’t allow council houses to be bought. It's an interesting point, I admit I have changed my mind about selling council houses I am no longer in favour of that policy. It benefits the lucky few who live in a decent council place and can flip it in a few years. I grew up in a slum the council tried to sell the estate to the residents we all said no because they were not fit for habitation. Eventually the council was forced to demolish them. Too many people can't even get on the waiting list I don't see why the taxpayer should subside the lucky few even if the council build more. Social housing should be for those that need it and passed onto to the next generation.
One more point |
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| Badger11 Beckenham 25 Sep 22 1.33pm |
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Originally posted by HKOwen
I agree to a degree. All new builds should be as efficient as possible. The Victorian and older housing stock is very difficult to insulate cost effectively. Heat pumps are only suitable for a very small number of properties. We don't need to lead the world in good intentions as no one cares in the countries that are the main problem. We need a pragmatic approach based on energy security as the priority aim IMO. I have no problem with nationalising energy and water in a perfect world, but the age of the pipes in the water supply means that the required investment is very difficult to generate from supply at a price people can afford. Water supply is a monopoly and as such should not be in private hands as long as we can get competent people to work in the nationalised service. Energy is for me a similar thing but the distribution network does allow for competition unlike water. Agreed and unfortunately for the near future nuclear has to be part of that. If the Labour party has now taken that on board all well and good.
One more point |
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| steeleye20 Croydon 25 Sep 22 3.10pm |
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A glimmer of hope with permissions given to re-open the 'Rough' gas storage facility off the East Yorkshire coast. Run by Centrica it could store 10 days worth, 70% of our needs until 2017 when those visionary tory economic wizards decided why bother imports are cheaper. Kwarteng:- 'This will not lead to higher gas prices'. I think it should be renamed the Truss gas storage facility as that appears to be what she does most.
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| Dubai Eagle 25 Sep 22 3.13pm |
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For a short period of time there was even a 105% mortgage to allow people have something left to pay for the white goods, carpets & curtains etc - whilst a nice idea inevitably it was a disaster waiting to happen as soon as interest rates fluctuated - Originally posted by silvertop
The trouble is that there is an ever diminishing pot from which to save while property prices continue to soar. Your £100k couple are not the norm. Generally folk earn less and devote their income to rent, bills and servicing debt. But taking your £100k couple, if they did decide to save they could raise a deposit for the scummy one bed we all started in. But if they have kids this would mean a family home and not your standard 1st time buy. Have you any idea how long it would take to save for that? 15, 20 years, even on their joint salary. Bear in mind we had to raise 10% deposit (sometimes less - remember the 100% Mortgage?). Today it is 22% on average. Pontificating to the young from a position of ignorance based on our outdated experience is not helpful. Yet while those views are strongly held by that generation who hold the power, nothing will change.
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| cryrst The garden of England 25 Sep 22 4.00pm |
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Originally posted by steeleye20
A glimmer of hope with permissions given to re-open the 'Rough' gas storage facility off the East Yorkshire coast. Run by Centrica it could store 10 days worth, 70% of our needs until 2017 when those visionary tory economic wizards decided why bother imports are cheaper. Kwarteng:- 'This will not lead to higher gas prices'. I think it should be renamed the Truss gas storage facility as that appears to be what she does most. Imports have generally always been cheaper and has been the way we have lived for decades. The great reset is the actual reality of being more self sufficient. Hmg of all sides saving tax money by importing is what we have all benefitted from and wanted. Now it’s decreasing we will pay more for everything. It’s the price to pay for less reliance on other countries.
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| silvertop Portishead 25 Sep 22 5.45pm |
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Originally posted by Dubai Eagle
For a short period of time there was even a 105% mortgage to allow people have something left to pay for the white goods, carpets & curtains etc - whilst a nice idea inevitably it was a disaster waiting to happen as soon as interest rates fluctuated - There are always casualties. There are also those who suffered short term pain, drifted in and then out of negative equity transferred to a better product and never looked back. No chance of being given such a chance now.
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| steeleye20 Croydon 25 Sep 22 8.30pm |
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I don't actually think this will produce the economic growth, nobody explained how today, do investors I am not sure. The s**t could well hit the fan here.
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