£618 to £966

[deecom]

All our financial institutions are run on systems that are based historically.
the rates system, or council tax, call it what you like, its just a property tax, it should be based on what you earn, not where you live or ,
what your property is worth.
The SNP had the local income tax in their 2014 manifesto, at last politicians thinking outside the box, but alas binned it and now for evermore
we have a property tax.
the mortgage system has barely changed, a young couple can apply for a mortgage based on their deposit and joint earnings,
the lender checks all their earnings and outgoings, then decides on the maximum amount they can borrow.
then six months later the mortgage rates increase, so already under pressure.
I remember years ago ,CANADA had a fairer system, but i forget how it operated.
problems now, people get married, and want eveything at once ,new car ,new house, new kitchen, expensive holidays, etc
they have it all, but own nothing

[BCram]

Interest rates have only been this low less than 2% since December 2008 to August 2022. 14 years interest rate have been less than 2% Prior decades 5% was considered low, and Thatcher lowest rate was about 8% and Blair about 5%. 10% was used occasionally and it even got up to 17%. God knows what they were trying to do but it wasn't squeeze inflation out of the system. North Sea Oil and gas revenues were streaming in, public utilities were being sold off and corporation housing was being sold to sitting tenants at discounted prices. Manufacturing jobs were being written off, and still we didn't trust a socialist government to run GB. Blair comes along and pretends he can be a better type of capitalist leader, Third Way nonsense.

Starmer is trying the same play book but he is coming from a very different economic outlook IMO. Green jobs is complete fiction because the workers that get employed will be the cheapest available. China, India anywhere but Europe. How many more times is the ordinary British working man going to be left on the sidelines? Let's have mass immigration to keep wage costs down. Do we really believe that is the way forward for this country? I Think we should exploit our North Sea resources of gas and oil and instead of letting the energy companies make massive profits why not create a Wealth Fund. The idea is good enough for Norway, Saudi and the rest, so why not imitate a good idea rather than try to be the first country in the world to return to medieaval standards of living?

Rant over,had too many coffees this morning!

[Returnofrros]

All our financial institutions are run on systems that are based historically.
the rates system, or council tax, call it what you like, its just a property tax, it should be based on what you earn, not where you live or ,
what your property is worth.
The SNP had the local income tax in their 2014 manifesto, at last politicians thinking outside the box, but alas binned it and now for evermore
we have a property tax.
the mortgage system has barely changed, a young couple can apply for a mortgage based on their deposit and joint earnings,
the lender checks all their earnings and outgoings, then decides on the maximum amount they can borrow.
then six months later the mortgage rates increase, so already under pressure.
I remember years ago ,CANADA had a fairer system, but i forget how it operated.
problems now, people get married, and want eveything at once ,new car ,new house, new kitchen, expensive holidays, etc
they have it all, but own nothing

People get married and want everything....so true.

Never had a house phone until 5 year into my marriage.

Never had a car till I was 22 despite having a licence for 5 years .....a very old Opel Kadett.

Never had central heating till bought my 2nd home.

Sky TV I was about ten year married.

New kitchen was 20 year in

Thing is I cannae really remember wanting much, season ticket, a pint now and again and not fainting when leccy bill came in.

But I'll say again people shuda been advised to take out 10 year fixed deals, they weren't as there isnae any renewable bizness for the adviser.

[Returnofrros]

When you see and hear weddings costing north of 25k I think it's madness

[The AuldYin]

All our financial institutions are run on systems that are based historically.
the rates system, or council tax, call it what you like, its just a property tax, it should be based on what you earn, not where you live or ,
what your property is worth.
The SNP had the local income tax in their 2014 manifesto, at last politicians thinking outside the box, but alas binned it and now for evermore
we have a property tax.
the mortgage system has barely changed, a young couple can apply for a mortgage based on their deposit and joint earnings,
the lender checks all their earnings and outgoings, then decides on the maximum amount they can borrow.
then six months later the mortgage rates increase, so already under pressure.
I remember years ago ,CANADA had a fairer system, but i forget how it operated.
problems now, people get married, and want eveything at once ,new car ,new house, new kitchen, expensive holidays, etc
they have it all, but own nothing

You saying the more you earn the more you should pay for the public amenities you use?

[islaydarkblue]

You saying the more you earn the more you should pay for the public amenities you use?

Yes.
A local sales tax should be introduced to replace Council Tax. The Americans manage to have local sales taxes in each state so why not in the U.K.
I remember reading that 76% of a local authority’s annual income is from the Scottish Government which ultimately comes from the Barnett Formula.
The remaining 24% is made up of income from Council Tax, charges by local authorities and business rates.
However in the case of business rates thanks to the Scottish Government Small Business Bonus Rates scheme businesses with a rateable value of less that £18,000 do not pay business rates. They only pay for the uplift of their business waste.
In holiday places like Islay people are letting out properties for short term holiday lets and not paying either council tax or business rates as the rateable value of their holiday let is less than £18,000.
In my opinion only purpose built holiday let properties should qualify to claim exemption from paying business rates. Everyone else who rents out properties which are their second homes should be paying Council Tax.

[The AuldYin]

Yes.
A local sales tax should be introduced to replace Council Tax. The Americans manage to have local sales taxes in each state so why not in the U.K.
I remember reading that 76% of a local authority’s annual income is from the Scottish Government which ultimately comes from the Barnett Formula.
The remaining 24% is made up of income from Council Tax, charges by local authorities and business rates.
However in the case of business rates thanks to the Scottish Government Small Business Bonus Rates scheme businesses with a rateable value of less that £18,000 do not pay business rates. They only pay for the uplift of their business waste.
In holiday places like Islay people are letting out properties for short term holiday lets and not paying either council tax or business rates as the rateable value of their holiday let is less than £18,000.
In my opinion only purpose built holiday let properties should qualify to claim exemption from paying business rates. Everyone else who rents out properties which are their second homes should be paying Council Tax.

None of relates to my question, should you pay more council tax the more you earn? Not everyones income comes from property.

[deecom]

You saying the more you earn the more you should pay for the public amenities you use?

the local income tax is a fairer system, its proportional to what you earn.

[The AuldYin]

the local income tax is a fairer system, its proportional to what you earn.

Fairer to who? It's only fairer to people who benefit from it, any scheme which in principal says that harder you work the more you pay should be illegal, you can't discriminate against anyone in society nowadays so why should it be OK to do so against hard workers? If you run any form of business and charged your customers according to what they earned you wouldn't last a week.

[noahrab]

Yeah I have.

Own my car, an auld ane, would never entertain PCP.

Mortgage advisers, so called independent mortgage advisers always seem to "recommend" 2 year deals.....then get more commission and fee in 2 years time.

10 year deals shuda been flying off the shelves the last few years but they haven't been as banks and so called independent advisers rarely recommend them.....self interest unfortunately and lure of repeat business.

No such thing as independent mortgage or financial advisors.