The latest report from Joseph Rowntree Foundation after a large-scale survey reveals that around 400,000 renting households have either been served an eviction notice or have been told they may be evicted, when the eviction (for rent arrears) ends Monday 1 June, is disturbing, but this is not the full picture especially with mostly leftwing-liberal media demonising landlords .
But the picture is far from what you read in the Guardian or hear on the BBC. It is a complex picture. The majority of landlords are small investors, heavily mortgaged., and the gross income from the property is not much higher than the average income before the British taxpayer starts paying tax, while more than half of landlords’ investment is actually their pension . The crisis if of the treasury and the local authorities making and could have been avoided had they paid the rent directly to the landlords and deducted from the tenants’ benefits.
Category Archives: Finance and economics
INVESTMENTS TO BOLSTER VACCINE MANUFACTURING CAPACITY
UK Government and Valneva confirm multi-million-pound up-front investment in Livingston manufacturing facility, following agreement to secure 60 million coronavirus vaccine doses. The Valneva’s site in Livingston will manufacture the vaccine, supporting the jobs of more than 100 highly-skilled scientists and technicians. The Latest deal follows a number of agreements to procure millions of doses of vaccines, ensuring the greatest possible chance of securing access to a safe and effective vaccine.
Cameron New Cabinet – so far
Prime Minister David Cameron reshuffled this cabinet with continuity and stability where it matters to assure markets, investments and businesses keeping the posts of Chancellor of the Exchequer, Home Foreign and Defence secretaries as they are, while making changes where needed like no Deputy Prime Minister and appointing a Media Culture and Sports secretary giving tough message to the BBC (whose coverage of the election campaign was often too unsubtle biased to the left)
Egypt Airstrikes against Islamic State Bases in Libya Usher New Strategy to Fight Terrorism
With lack of a coherent strategy by western powers to contain the Islamic State Terror menace, Egypt and Jordan taking initiatives to take war into IS strongholds in Libya and Syria won populist approval as well as western leaders support, but this not enough; a wider world wide strategy and action is called for. It is now evident that the battle against the neo-Islamo-Fascism in the form of the self-proclaimed Islamic State took another twist in the early hours today when Egyptian air-force jets bombed weapons storage, training camps and sites occupied by IS terrorists in neighbouring Libya.
John Major Energy-Bills initiative: Headache or Opportunity for Osborne?
A bold suggestion by former Tory Leader Sir John Major can either be a headache or an opportunity for Chancellor George Osborne. The challenge of popular policy thrown by former conservative Prime Minister to Chancellor Osborne could turn into his advantage by subtle pressure on energy companies which could increase David Cameron’s government popularity.
George Osborne Betrayal of Private Pension Investors
Shock after meeting my financial adviser…I have to work until I drop dead, no chance for retirement or even slowing down; thanks to George Osborne and Danny Alexander. While I should be winding down my activities, due to health reasons and age Unlike most people in my age and younger, employed in public sector or in the civil service have the option for early retirement on a comfortable pension, I have no option but to carry on working as self-employed, author, commentator, writer and journalist with no retirement option.