I (don’t) love you, you (don’t) pay my rent*
Home owners facing repossession will be able to defer part of their mortgage interest payments for up to two years under plans unveiled by Prime Minister Gordon Brown today, reports the BBC with its usual enthusiasm (although, strangely, without any of its usual typos). The scheme will give those who lose their jobs or take a big cut in their income an extended breathing space before their home is at risk, and will cover mortgages worth up to £400,000.
Those UK citizens living in rented houses and flats who lose their jobs or take a big cut in their incomes during the recession can expect to be thrown out onto the street along with their children, pets and any elderly people in their care, after which action they will be branded Unproductive Scum. They may find bridges to sleep under but thanks to anti-terrorist and other legislation passed since New Labour first came to office, the Police will always do their duty in moving the homeless unemployed on, and away from any location visible to the middle- and upper-classes from their homes, offices and places of entertainment and commerce.
tags: Countryside Alliance, credit crunch, debt, Gordon Brown, humour, mortgages, New Labour, Pet Shop Boys, politics, repossessions, tiarasLooking on the bright side
Image via Wikipedia
It occurred to me late last night in conversation with my hubby that the recession might not be a bad thing for us two at all, compared to many people. We may actually find ourselves better off because of all the doom and gloom and global hardship, unless I’m missing something.
For starters, we have no savings. A bad thing, you think? Well yes, of course it is—under usual circumstances. A stash of money could be earning us a lot more money just by sitting in a bank account, not being spent. But the interest rates payable on savings are plummeting right now. Your squirrelled-away moolah might not even be safe from disappearing altogether should a bank collapse. We’re promised that won’t be allowed to happen but we all know that politicians of every persuasion and creed lie more often than they speak the truth.
tags: Bank, Britain, business, Consumer debt, Credit card, credit crunch, debt, Loan, money, United Kingdom, Unsecured loan
RIPA NOTICE: NO CONSENT IS GIVEN FOR INTERCEPTION OF PAGE TRANSMISSION