The other day I read that the majority of members of parliament are now landlords and have their money invested in the London property market. It only needs the government to fund a London building programme to burst that bubble. No wonder they’re all scared of Corbyn getting into number 10! (more…)
The all share index on the London stock market is down nearly 4% this week, which is a lot for small private investors. There are some bargains to be had but falling markets have had a devastating effect on the value of portfolios in recent months. We have to think long term and consider buying. (more…)
There has been a lot of talk about ‘recovery’ in the UK ever since the financial crisis began, but have there been any real signs of recovery? Apart from the rich in London buying multi million pound homes. The deficit is falling? That just means they are borrowing less than last year, the debt continues to rise. (more…)
I’ve used a summer picture to begin today’s post; we need something to cheer us up. In the Guardian this week was news that councils in London are planning to move thousands of ‘poor’ people out of London, because they won’t be able afford the rents when housing benefit is cut. Are we surprised? People are caught between the Labour councils with their empire building and the rich Tory tax dodgers who want to have London, just for the rich.