Darling, I think you have a problem.

[davieG]

The credit driven materialistic world of having everything now is just not sustainable whoever is running (ruining) the country.

[Zingari]

The credit driven materialistic world of having everything now is just not sustainable whoever is running (ruining) the country.

but we are living in a material world ,

and i am a .........oh dear !!

[Ric Flair]

I shall be fooking off out of this country before 2012. What with this and the Olympics, the country will be on it's knees. I don't like the cut of this countries jib.

[The People's Hero]

I shall be fooking off out of this country before 2012. What with this and the Olympics, the country will be on it's knees. I don't like the cut of this countries jib.

Take me with you, oh leader.

[Zingari]

fookin' emigrants

[Corky]

fookin' emigrants

Going to other countries, leaving our jobs

[Zingari]

Going to other countries, leaving our jobs

not taking our women

[Darkzzz_]

I honestly read that as "Having seen the way my sister is struggling (she's a 1 year old)". I was a little confused.

She Is......

[MPH]

I question how much input Darling actually had to this.

More like Gordon Brown's budget to me. He should have stuck to what he was good at, his old job.

even thats questionable....

[MPH]

I shall be fooking off out of this country before 2012. What with this and the Olympics, the country will be on it's knees. I don't like the cut of this countries jib.

im actually leaving the country middle of december. Going to the states.

I'm more than happy to desert a sinking ship!

[Corky]

not taking our women

Causing havoc in other countries

[Wycombe Fox]

I shall be fooking off out of this country before 2012. What with this and the Olympics, the country will be on it's knees. I don't like the cut of this countries jib.

Ah yes...the Olympics.

This couldn't, surely, have come at a worse time for this country. How much is it going to cost us? More borrowing? Another 'white elephant' just like the Dome?

I try to find humour in many things, just to make the day go a bit quicker but I must admit, I'm struggling at the minute.

If I had a bit more bottle, I think I'd be out of this country for good.

I used to feel proud to be British, English...whatever. Now there seems to be no identitiy associated with being 'British'. We're all anaesthetised Brits. I feel very persecuted as a hard-working, self-employed person who pays his financial and moral dues to society and yet we're expected to give even more.

Ramble ramble ramble.

Yours truly,

Mr. Shafted Isle of Wight Fox

[Thracian]

Shafted! Absolutely ****ing shafted! AGAIN!!!

What a useless bunch of w*nkers.

Thanks to the cut in VAT, my business will be worse off.

I'm on the Flat Rate VAT Scheme for small businesses. This means that I currently charge VAT at 17½% on my sales and pay back 11% of my VAT inclusive turnover to HM Revenue and Customs.

What the b*stards have done is reduce the amount of VAT I charge by 2½% but only reduced the amount that I pay to HM Revenue and Customs by 1½%. So I'm 1% of my turnover worse off.

1% worse off on VAT coupled with ½% worse off on National Insurance! W*nkers!

The construction industry is dying on it's feet at the moment.

They should be on telly with Paul Daniels. Their sleight of hand never ceases to deceive.

[Munzie]

Whatever political party you support (or vote for occasionally), the current financial mess cannot be directly apportioned to the Government.

As it's been stated, we live in a world of "I want it now". We have been too keen to purchase what we want even though we don't have the means to pay for it.

What's made this even easier is the Banks & Building Societies willingness to lend. Want a house...here's a mortgage, want a car...here's a loan, want a holiday...here's a credit card.

Until our mindset changes our financial climate will remain unstable.

[Thracian]

You let your left wing ideals cloud your judgement Ultra.

It's always someone else's fault. It couldn't possibly be theirs.

Can you imagine me going to a bank and saying that my business is leaking money like a sieve, I'm still spending billions on a war that's going nowhere and on countless other non essentials but I'd like to borrow billions more despite having ever more responsibilities and ever fewer assets.

They'd think I'd come from the funny farm.

[Thracian]

Whatever political party you support (or vote for occasionally), the current financial mess cannot be directly apportioned to the Government.

As it's been stated, we live in a world of "I want it now". We have been too keen to purchase what we want even though we don't have the means to pay for it.

What's made this even easier is the Banks & Building Societies willingness to lend. Want a house...here's a mortgage, want a car...here's a loan, want a holiday...here's a credit card.

Until our mindset changes our financial climate will remain unstable.

And who the hell makes the rules that allow banks and building societies to be irresponsible? And who is charged with properly monitoring what goes on?

With mortgages it used to be that people saved a deposit to show their financial diligence and credibility and were then granted a mortgage based on a reasonable proportion of salary.

But people were allowed to get greedy, the parameters were moved irresponsibly. And Government allowed it.

[Bellend Sebastian]

Whatever political party you support (or vote for occasionally), the current financial mess cannot be directly apportioned to the Government.

As it's been stated, we live in a world of "I want it now". We have been too keen to purchase what we want even though we don't have the means to pay for it.

What's made this even easier is the Banks & Building Societies willingness to lend. Want a house...here's a mortgage, want a car...here's a loan, want a holiday...here's a credit card.

Until our mindset changes our financial climate will remain unstable.

I saw one of the many programmes on the credit crunch a couple of weeks back, and it ended on the jaw dropping bombshell that in future, people would have to get used to their lifestyles being dependent on what they earn, rather than what they can borrow. This was presented as a shocking revelation.

I can't get my head around it, I really can't. I know that if you borrow rather than save up, you can have it NOW, but every penny you spend on servicing the resulting debt is money that you could have spent on something else, so ultimately you don't enjoy the lifestyle that you would have done if you hadn't borrowed anything

[Dr The Singh]

I saw one of the many programmes on the credit crunch a couple of weeks back, and it ended on the jaw dropping bombshell that in future, people would have to get used to their lifestyles being dependent on what they earn, rather than what they can borrow. This was presented as a shocking revelation.

I can't get my head around it, I really can't. I know that if you borrow rather than save up, you can have it NOW, but every penny you spend on servicing the resulting debt is money that you could have spent on something else, so ultimately you don't enjoy the lifestyle that you would have done if you hadn't borrowed anything

Agreed and it will make people feel alot poorer, as society will have to save to buy/!!

My ancestry comes from a third world nation and often I visit, and it is a society that is not based on credit, yet they have cars, housing, all mod coms, yet I doubt I would have such a liefstyle without credit, and they call them third world!!!

[Alexikokopops]

I feel really ill, can I blame this on the Credit Crunch too?

[Corky]

I feel really ill, can I blame this on the Credit Crunch too?

It's most probably Daggers fault again

[sdb]

And who the hell makes the rules that allow banks and building societies to be irresponsible? And who is charged with properly monitoring what goes on?

With mortgages it used to be that people saved a deposit to show their financial diligence and credibility and were then granted a mortgage based on a reasonable proportion of salary.

But people were allowed to get greedy, the parameters were moved irresponsibly. And Government allowed it.

that would be Maggie Thatcher about 20 years ago.

[lookwhaticando]

Every time I see the thread title, I think as much.

[Munzie]

And who the hell makes the rules that allow banks and building societies to be irresponsible? And who is charged with properly monitoring what goes on?

With mortgages it used to be that people saved a deposit to show their financial diligence and credibility and were then granted a mortgage based on a reasonable proportion of salary.

But people were allowed to get greedy, the parameters were moved irresponsibly. And Government allowed it.

The Financial Services Authority (FSA). A non-Government backed, independant watchdog.

The Government don't set the day to day rules. They will only intervene when things go pear-shaped like now.

Greedy Banks, who are only interested in pleasing their shareholders are mainly to blame for irresponsible lending.

[James.]

The Financial Services Authority (FSA). A non-Government backed, independant watchdog.

The Government don't set the day to day rules. They will only intervene when things go pear-shaped like now.

Greedy Banks, who are only interested in pleasing their shareholders are mainly to blame for irresponsible lending.

And I suppose the people KNOWINGLY borrowing more money than they could afford are just the poor innocent victims in all this aren't they... Or maybe not.

[Munzie]

And I suppose the people KNOWINGLY borrowing more money than they could afford are just the poor innocent victims in all this aren't they... Or maybe not.

That's not what I'm saying. The trouble is, to be able to buy or even rent a property these days takes up a considerable chunk of most people's income. Around 80% of new cars purchased are taken on finance.

As I've already stated (post #39) we live in an "I want it now" world. Banks have made our greed easier to satisfy with obtainable credit, with very little questions or checks made.

The rising cost of property and most goods has meant that lending institutions have had to adapt/relax their stance in relation to individual credit limits. This has resulted in irresponsible lending.

The general public like the "have it now" scenario and easy to obtain credit facilities. The majority will then bury their head in the sand and point the finger of blame to all those except the ones at fault when things go awry.