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The public transport in London is enough to make me stay away...
You lot do realise that the valuations for council tax banding are identical across the whole country, and that house prices vary across the country? I'd be surprised if you got much more than a bedsit in band D in Westminster.
aracer - MemberYou lot do realise that the valuations for council tax banding are identical across the whole country, and that house prices vary across the country? I'd be surprised if you got much more than a bedsit in band D in Westminster.
So given mrmo's example we are paying much the same for our services??
And given that many rural areas get sod all in the way of services they are worse off?
generally in London I'd say not much to notice the problems...job market seems ok, general economy seems okay. SW1A will soon be populated by cameron and cleg and no one else though....
House prices are 1991? for council tax purposes anyway, so have minimal relevance to current house prices. The whole system stinks. Conservative tries to fiddle the system for their benefit then labour do the same. It bears no relation to current house prices, earnings or anything meaningful.
But we wouldn't want a sensible tax system now would we.
Ugh, London.
I see why people like living there, but it's not for me. I went there today. It cost me £180 to get there (1hr 45min journey!), spent an hour battling my way across town on foot/tube, was faced with hundreds of grumpy looking people, and it turned my snot black.
And the guy in Evans didn't even check what length valve I needed on my inner tube! (I didn't go all the way to London for that, btw).
*rolls eyes shuts door waits for taxi to airport to leave for Azerbaijan*
Ugh, {insert northern city here}.I see why people like living there, but it's not for me. I went there today. It cost me £180 to get there (1hr 45min journey!), spent an hour battling my way across town on foot/bus, was faced with hundreds of grumpy looking people, and it rained.
actually i quite liked manchester and birmingham, most of the others were full of short fat people wearing blue and white sportswear who quite possibly didn't partake in any 'sport'
Because everyone from up North is short.
tonyg2003 - MemberMuch of the London economy is driven by the city - which has bounced back very quickly from recession - and money/tourism from abroad - which given the exchange rate - is doing well too.
Anyone have radio 4 on yesterday lunchtime? There was a debate about Scottish independence and predictable bunfight about whether or not the yookay heavily subsidises Scotland and NI. I was suprised to hear that [b]London[/b] is also allegedly doing very well (funding-wise) courtesy of the rest of the UK. There was no detail about how/why, but it seemed to be by the same measure that people bang on about when they moan about free prescriptions and university fees.
Genuinely suprised at that. 😕
I went there today. It cost me £180 to get there (1hr 45min journey!), spent an hour battling my way across town on foot/tube, was faced with hundreds of grumpy looking people, and it turned my snot black
It's not really fair to judge London on a hectic day trip.
I was suprised to hear that London is also allegedly doing very well (funding-wise) courtesy of the rest of the UK
At a guess it's co-incidental. The government are probably funding the National Opera, museums, galleries, universities, and probably a few startup business and so on. Many of which happen to be in London.
At a guess it's co-incidental. The government are probably funding the National Opera, museums, galleries, universities, and probably a few startup business and so on. Many of which happen to be in London.
Oh that's OK then.
Its no wonder that everything in this country with National in in its title is situated in London when there's litle but blind acceptance that it should be that way.
Merely my opinion that such threads tend to descend in to the normal chippiness of many Northerners who resent London.
I think you'll find it isn't just these mythical Northerners who resent the place. It's the rest of the nation.
This isn't North v South. It's London v Not London. London, like some knickerless siren, draws in as many and as much as it can from anywhere (UK or overseas), uses them and then feeds off more.
The prominence of London as an "international" city has become such that, while it ever prospers on the back of that image, the remainder of the the UK has to fight harder and harder still to avoid being obliterated by it. And remember, Not London, isn't a matter of geography - plenty of geographic London is, in fact, Not London.
I speak as someone born in London to less than wealthy English and Welsh parents, brought up in the home counties, and having spent the last decade and a bit living in The North.
Not London is not the poor relation, the mentally deficient brother to be hidden away from the world in an asylum. Not London is a rich and glorious pageant, but it is patronised and looked down on by London and the people who aspire to be London.
The sneering attitude of London to Not London - a BBC Northern England correspondent, I ask you - is enjoyed vicariously by those who like to sneer at those they have already abused.
Its no wonder that everything in this country with National in in its title is situated in London when there's litle but blind acceptance that it should be that way
a) it's not and
b) this is widely recognised when it does happen
But there's more associated business in London, and generally more customers. It's not cos it's London, it's because it's simply the largest conurbation.
Things do seem to have changed recently though and my soliciting and banking friends certainly have no current cause for concern.
That's good. They've helped out with this recession business massively, so I don't begrudge them doing well now. I'm just glad the Tories are giving them tax breaks to help them out, poor little blighters.
Yeah, I loved the whole George Osborne "we need to urgently re-balance the UK economy so we have less reliance on the financial sector and more emphasis on manufacturing"
This sounds sensible to me as it would help the regions where all the manufacturing was based anyway. But....
What's he done to backup those words? Handed the bankers a blank cheque of our money with instructions to carry on exactly as before. With the possible proviso that they should maybe think about hording more cash, and certainly not lending it to any business that might want to expand and create jobs.
Result: A narrow elite has given their friends in the city everything they could have possibly dreamed of, and more, while hanging the rest of the country out to dry.
Has anyone heard the phrase 'We're all in this together" pass a Tory's lips of late. Even the monumental arrogance of these ****s won't quite stretch to that phrase nowaday
Its the mid-80's again. Hurray!!!!!
We're all in this together, but some are more 'in this' than others.
Its no wonder that everything in this country with National in in its title is situated in London when there's litle but blind acceptance that it should be that way.
Well that's a bit blinkered, isn't it?
London: Massive tourist destination, 5 international airports, high speed rail link to Yerp. Pretty good location for a World-class venue I'd say. 20+ million people in London and the South East.
V where, Doncaster?
Anyway you are wrong, look:
National Media Museum
National Exhibition Centre
National Space Centre
National Railway Museum
National Motor Museum
National Motorcycle Museum
National Museum of Flight
National Football Museum
None of these are in London.
Handed the bankers a blank cheque of our money with instructions to carry on exactly as before
Did they not gain equity for that money?
Elf..... bad example with doncaster....plans are to make it an international rail port
Equity? Not yet.
But my concern is the total absence of reform in the sector. Its business as usual. In fact, its worse than before. The bonuses are an even higher proportion of earnings than before. In some cases they're being paid at even higher levels despite the banks posting losses.
Meanwhile lending to business has completely dried up. We're heading for, at best, stagnation, at worst a double dip recession that drags on for years.
I'm afraid there is now a two tier economy. 1. Central London and the City, which holds the government in its thrall, who's activities not only fail to help, but actively destroy the prospects of the rest of the country. ie: the tax-payer owned RBS lending (our) money to Kraft, for them to buy Cadbury's and put British workers on the dole, for us to pick up the benefit tab. Not to worry though. Lots of city lawyers made millios in fees. So what if a few thousand people in the regions lose their livelihoods/homes etc.
This rampant self-serving is utterly and completely obscene in its destructive capacity, and totally rabid self-interest to the exclusion of all else. It NEEDS to change. Not that that's likely with this lot in power!!
and... breathe....
Like it or loathe it London does have an incredible buzz about it. I lived there for years, I drive in a couple of times a month now for work. I wouldn't really want to live there again, it's too busy and now I'm used to clean air and countryside.
Say what you like about London and the people in it, and bankers and what have you, but The City generates huge amounts of tax revenue and is a massive contributor to the nation's GDP. These TAX THE RICH people don't understand business, or tax.
Oh well I don't know do I, I just picked a Random Northern Town.
Rochdale?
Hull?
[i]S****horpe??[/i]
Random Northern Town
Regionalist!!!! They're all unique in their distinctive local cultural identity Elf 😉
Oh God here we go...
...I'm a Racist.
There, I've said it.
😥
The City generates huge amounts of tax revenue and is a massive contributor to the nation's GDP
Just because it does, doesn't mean it should.
You know when, after a football match and the manager of the losing side is interviewed and tries to paint a rosy picture by saying that "inspite of us letting eight goals in, we [b]deserved[/b] to win", the same hubristic mentality exists in the City - lawyers look at their banker mates getting paid a fortune and think that they too [i]deserve[/i] to be paid vast sums of money.
The whole of the City justifies its vast remuneration on the basis that it thinks it [i]deserves[/i] it.
Not a good enough argument.
Oh God here we go......I'm a Racist.
There, I've said it.
I couldn't agree more. Not ever. You're ALWAYS right. We all know this.....
😛
Anyway you are wrong, look:National Media Museum
National Exhibition Centre
National Space Centre
National Railway Museum
National Motor Museum
National Motorcycle Museum
National Museum of Flight
National Football MuseumNone of these are in London.
Wow, really impressive, throw us a few bones why don't you 🙄
National Ballet ?
National Gallery ?
National (Britsh) Museum ?
National (recognised) War Memorial ?
National Football Stadium ?
National Rugby Stadium ?
Venue for [b]all[/b] State occasions ?
London: Massive tourist destination
Well share it out a bit and the rest of the country might benefit too 🙄
OMITN I don't think they are talking about the personal remuneration of the workers involved. It's what the industry does for business in the UK as a whole.
Well share it out a bit and the rest of the country might benefit too
The Romans tried but the Scots fought them off, happy in their barbaric ways. 🙁
So basically our whole economy is so reliant on these rich greedy tossers in the City that we have to bend over backwards to help them keep getting richer at the expense of everyone else. Yay! We are now apparently returning to Victorian levels of rich/poor divide in this country.
How do other countries manage that don't rely purely on a greedy and reckless financial sector?
How do other countries manage that don't rely purely on a greedy and reckless financial sector?
I'm afraid that other economies, ie Germany, are rather primative. They do a quaint little thing called 'making' stuff
Don't worry. It'll never catch on. The over-powerful financial sector and its friends in government are ensuring that never happens here
molgrips - sorry, looking back I wasn't clear in where I was getting to:
The argument of the importance of the City to our economy is the tax take (relatively largely personal, rather than corporation, as the corporates all do deals with HMRC on how much/little they're going to pay). When challenged, the next level of argument is "well, all the talent will leave".
the talent is only paid what it is because it can be and, since the Big Bang, we've had a financial sector (and the peripheral activities - accountancy, law, etc.) living high off the largely unregulated hog.
I'm afraid that other economies, ie Germany, are rather primative. They do a quaint little thing called 'making' stuff
Evan Davies made an interesting somethingion of the view that we really do need to make stuff AND save money. Not out of some antiquated sense of duty to labour markets of old, or avoiding debt, but because that combination (as seen so succesfully in Germany) forces the domestic producers to export. Whereas we in Britain don't save and seem addicted to imports.
The argument in favour of manufacturing was grossly damaged by the behaviour of trades unions prior to the Thatcher administrations - they gave British manufacturing a bad name. This was worsened by a workforce that was not, for whatever reason, encourage to innovate much more than we did. I wonder if that wasn't some post-colonial hangover we still had (and, to an extent, still do) that Bristish is inherently best. Thatcher did the rest....
So now, we don't amke anything on a large scvale. Sure, we do have manufacturing, but it's specialist and usually high tech/high value. I bet most of that is exported, but it just doesn't have the economic clout of large scale production or an economy based on financial services - FFS, are we destined to fiddle about selling each other services?
Christ there are some bitter people on here with economic nous learned, I can only assume, via The Sun.
Could you elaborate on that RJ?
Surely the Sun, as a Murdoch/Tory mouthpiece, would have us believe that we're living in a land of milk and honey, where the streets are literally paved with gold? All thanks to the selfless work of George, Dave and their friends in the city? And despite the best efforts of Gordon and now Red Ed and his pesky union friends, to impose communism on us and take us back to the late 70's?
I'm afraid that other economies, ie Germany, are rather primative. They do a quaint little thing called 'making' stuff
Why is making stuff intrinsically better than doing stuff for other people?
because it traditionally employs more people, which is a better thing for society ?
Kindly enlighten us, RJ, how selling services to ourselves alone is sufficient to grow an economy that has at least some self reliance built into it?
Why is making stuff intrinsically better than doing stuff for other people?
It's not even doing stuff for other people - it's just gambling on a massive scale, knowing that when they mess it up they will get bailed out, again.
And if we had more manufacturing, our economy would be now getting a major boost from exports thanks to a weak pound.
Christ there are some bitter people on here with economic nous learned, I can only assume, via The Sun.
You could at least have picked the Mirror or something.
Making stuff is intrinsically better because it can be exported. Most service jobs can't. Hairdressers? Lawyers? They depend upon contact. Yes, the city earns money from abroad but the service roles that are not location dependent are easily lost, hence the outsourcing of IT and call centres. Many service roles are essentially parasitic, there are basically 3 ways to create measurable wealth, you can dig stuff out of the ground, grow stuff, or make stuff out of the things you've got from the ground.
The city's tax burden is only an artifact of the high salaries. If I took 10% of the salary of everyone i came into contact with I'd pay a huge amount of tax. It doesn't mean that I'm adding value to the economy.
It's not even doing stuff for other people - it's just gambling on a massive scale
Isn't most of it making money for other people, don't you, and simply taking a cut? So your pension fund, your mortgage, your ISA, that kind of thing?
Many service roles are essentially parasitic, there are basically 3 ways to create measurable wealth, you can dig stuff out of the ground, grow stuff, or make stuff out of the things you've got from the ground
Hmm, not sure about this. If you run a burger van in the carpark of Nissan Sunderland, are you not also making money from the car business? Sure it's dependent on the car industry but the car industry is just as dependent on external factors - people buying cars.. most of whom probably work in the service industry anyway.
If I took 10% of the salary of everyone i came into contact with I'd pay a huge amount of tax. It doesn't mean that I'm adding value to the economy
If you used that money to invest in new businesses then you would...
Isn't most of it making money for other people, don't you, and simply taking a cut? So your pension fund, your mortgage, your ISA, that kind of thing?
Eh?
Take a look at this - a perfect example of reckless financial speculation destabilising economies - banned in the US, Japan, Brazil - but guess what, the Tories are against a ban, presumably because their mates in the city have told them so.
A committee of MEPs has voted in favour of restricting the practice of "naked" short selling.Short-sellers usually borrow shares or bonds, sell them, then buy them back when the stock falls - pocketing the difference.
[b]"Naked" short-selling is when a trader sells financial instruments he has not yet borrowed.[/b]
A new directive places conditions on the use of credit defaults swaps (CDS) - a form of government debt insurance.
The vote was taken by the European Parliament's Monetary and Economic Affairs Committee.
Under the new rules those traders who want to "short" a CDS would have to own the underlying government bond before they could sell it.
Some MEPs argue that the practice of naked short selling exacerbated the financial crisis, with the borrowing costs of countries like Greece being driven up by "speculation" on government debt.
http://www.bbc.co.uk/news/business-12670943
But it's all fine, let's just let them carry on doing whatever they want, because there's nothing else left.
Also manufacturing is more likely to use low skilled or unskilled labour at some level, which is probably benficial to society since there are always likely to be some people who didn't go through higher/further education.
Or to put it another way, don't put all your eggs in one basket. And then set fire to all your other baskets.
The bottom line here is that unless the banking/gambling industry is fundamentally restructured then they WILL bankrupt this country. Its just a case of when. Do you really think we can afford another bale out like the last one? Because they'll take us there. We're en route already
The sector is now massively emboldened by the knowledge that the government believes them 'too big to fail' and will effectively underwrite [b]ANY[/b] level of loss with taxpayers money.
They now know also that the government has bottled it and is not seriously proposing any further regulation or reform. Their lobbying worked
This is like handing the keys back to a drunk driver after he's caused a huge pile-up, then asking if he might like a bigger car this time? Maybe an articulated lorry? Oh... and here's another bottle of whiskey too.
Its insanity and is busy creating the perfect financial storm. The next crash is in the post. And it will be a catastrophe. Yet the people who are presently causing it will doubtless walk away scot free, counting their millions [b]AGAIN[/b]
I think one of the main problems is the short-term nature of the financial industry.
The financial (banking) industry has a fairly rapid turnover of staff - you either make your money and get out, or else decide it's not for you and get out, or else move to a different company.
Furthermore, bonuses are often calculated on a short term system - e.g how much did your investments earn this year, or in some cases (frighteningly) the bonus may dependent only on how much you invested and not the results.
So if, for example, someone makes a risky investment with a pension fund and it all goes tits up two years later, there is a pretty good chance the person responsible has either retired or moved and doesn't give a flying ****.