Working-class Tory delighted with his £30 a month tax cut strangely quiet about his mortgage payments increasing by £300 a month
Working-class Tory delighted with his £30 a month tax cut strangely quiet about his mortgage payments increasing by £300 a month
12 comments
This has genuinely got me perplexed.
The budget was meant to stimulate the economy, right?
For the top 1%, who likely only have mortgages on their rental portfolio, they get more money to spend in stimulating the economy through a whacking great tax cut. That’s about 700,000 people.
For 99% of people they’re worse off, because whatever tax cut they’ve had it’s been absorbed by mortgage payments or rent. The rate rises were expected and hoped for within the budget modeling.That’s about 69,000,000 (ish) people.
I don’t see how 700,000 people buying goods & services can offset 69,000,000 tightening their belts. If I can determine this, then surely Oxford educated PPE graduates who climbed to the top of the Tory party can see this.
What am I missing? Can someone ELI5?
In Tory Britain Newsthump is actually a serious media group.
Meanwhile the Telegraph and Daily Mail is where I go to for a bit of satire.
Out of curiosity I just had a look how much my mortgage would be now, same lender, same deposit etc – £400 a month more. That’s £24,000 more over the five year fixed period. Madness, we only moved 9 months ago
My fixed rate mortgage runs out in February when interest rates are forecast to hit 6%.
So tomorrow I am paying a £1600 early exit fee for the privilege of signing up to a new fixed rate deal at £300 a month more than I’m currently paying.
It will save me money in the long run, but fuck me, what a depressing transaction…
> But that’s not Liz Truss’ fault. It’s the fault of Russia, Ukraine, the weather, the BBC, Remainers, and Keir Starmer.
Sums up Tory voters nicely
the satire is a working class person with a mortgage.
You can’t explain to an idiot why he is an idiot.
Otherwise there would be no idiots.
(Honorary reference: House, M.D.)
Everyone asked wtf is she doing you don’t have to have a financial degree to know this is a bad thing to do. Lizz Trust might be the shortest serving pm to date we hope. Time for a general election this government is completely incompetent
My fixed rate mortgage is due to end in December. My old rate was 1.59%. The best new rate I can get is 3.84%. I’ve got to wait three weeks for the mortgage advisor to call me back and set it up. If in that time the base rate goes up again, the interest will be even higher.
Where are people supposed to pull all this extra money from?
Guess this is how they keep the dumbasses voting for them. “Tories are great with money they saved me this much on taxes” while at the same time blaming other people for the state of the country. Probably blames higher interest rates and collapse of society on immigrants lol
I know it’s satire but a lot of people actually do think like this!!
People on fixed rate mortgages won’t feel the pain until their deals end…. People in part-buy housing will be badly affected. Imagine your mortgage going up £300 a month and still having to find £700 a month rent.