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May 15 2014

bawdyitinerary637

Tesco to release own-brand smartphone

Smart move by Tesco. Sets it apart from other food retailers in the UK.  It saw the opportunity with Android and seized upon it with the Hudl tablet and now with the smartphone. We are all becoming more mobile and the ease of shopping with a dedicated T button for food, banking, films and music will further set them apart.  While it might be possible to compare the pricing to the Nexus 5, or Moto G and I hope that Tesco considers a heavily subsidised price that actually brings the smartphone cost to perhaps £ 50-£ 100 SIM free, I think it is further steps in the inevitable stop of smartphone commoditisation.

Simply put, why pay £ 600+ SIM free for an iPhone when a high quality Android phone is available for perhaps £ 50? The free Android operating system, supplied by Google, makes all this possible. Imagine a world which relied just upon Apple?   Great to have competition and its priced really cheaply and perfect for people with bad credit history who are looking for a mobile.

I would rather - gnaw off my own leg - pack the bleeding stump with salt - and do pirouettes on broken glass than buy a phone from Tesco though.  Horrible aggressive company now. Having seen their dubious planning application practices, and their "do anything to wipe out long-established small local retailers before increasing prices" tactics, I will walk a mile to avoid buying anything from them.

Facts:  1, The Hudl smartphone is expected to be launched within the next 6 months and will be the first smartphone offered by a UK retailer. Innovative.  2. The Hudl smartphone will occupy a similar price position to the Hudl tablet ( £ 119). The only real growth in the smartphone market globally is at the budget end of the market. The premium end is basically a replacement market.  3. The Hudl smartphone, like the tablet, will have a T Button that will link the user to online shopping at Tesco, banking and Blinkbox (films and music). More competition with Amazon equals better choice for consumers.  4. The Android based Hudl tablet has sold more than 500,000 units for Tesco.  5. Online food and grocery sales in Britain are set to more than double in the next five years, according to industry-research group IGD. Sales at Tesco's online grocery business increased 11% in the year ended 22 Feb, 2014. The Hudl tablet and smartphone will position Tesco well for this growth in online shopping.  Let's deal in facts here. Shall we?

April 02 2014

bawdyitinerary637

UK consumers in '£5bn black hole' of hidden debt


When I was growing up in the sixties I remember my mother and a neighbour discussing having seen a new '3 piece suite' being delivered to the house across the road. 'aye but it's bought on the never-never' was the comment in hushed tones. Back then debt was almost shameful. Today I hear friends talk about how much credit they are good for. Perversely, debt has become credit. Credit has an important part to play in the economy but credit-fueled consumer booms are unsustainable. 84" HDTV, 3 holidays year, designer labels - no problem stick it on the plastic.Too many people don't want to take responsibility for their actions. Lenders are starting to act irresponsibly again also. In the last few months i have had several unsolicited calls offering me loans and credit cards. It's like we learned nothing over the last seven years.

In France, early in his presidential mandate, Sarkozy used to say that the French didn't have enough debt. To him, a high level of personal indebtedness was the sign of an economically advanced nation. The UK, with its obsession with home-ownership, and the debts that go with it, was a role-model in his eyes.

From the story it seems the situation is akin to what it was like during the interwar period, economic recession and unemployment. I want to read the original report to understand the details. It is 124 pages.

The entire monetary system is based on debt creation. As a country we owe over £1TRN. So another £5BN is relatively little. 97% of all money in circulation is created by private banks. When banks make a loan it is new money they create - not existing savers' money from their vaults. This money comes into circulation as a debt ie the banks demand repayment PLUS interest. Under this system spiralling debt is inevitable. This will not change until the creation of money is removed from the banks' control & money no longer is issued into circulation as a debt. https://www.youtube.com/watch?v=lrQX4CF6Bxs https://www.youtube.com/watch?v=IetKzyNd0TI

We need more info. Specifically, how much of this debt is due to people being feckless bellends and how much is due to people being in genuine need. I'm guessing 60:40 based on no factual evidence whatsoever.

March 31 2014

bawdyitinerary637

Poor families hit by welfare reforms 'running up £52 of debt every week'


The good news does not keep coming for millions of people in this so called economic recovery. The article about care for the elderly being in crisis was as equally depressing as this article. I hope we don't become a non caring society but the news that the Tories are closing the gap in the polls seems to point to the I'm alright Jack type attitude.

The reality of life under this particular government. Destitution on the one side, and uncaring blindness on the other. The shame is on the people who are betraying their history of fairness and compassion for money, and their vilification of the vulnerable. Poverty is one thing. Sentancing people to poverty in a rich country is God less.

Could the editor tidy up the arithmetic? It does matter. Average debts over the period from October have gone up by £675, but not by £670 a week. Sloppy mistakes like this can undermine the whole article. "The project found that the average household debt stood at just under £3,000, up by 29% since October, equivalent to £670 a week."

A bloke I know tried to withdraw some money from a cashpoint. The machine malfunctioned and didn't give out the cash. He's had to fill out a 13-page form, and the bank has THREE MONTHS to look at the problem. After 3 months he MAY get the money back. In the meantime he's down to the wire. It may be a mere two breakfasts for IDS, but £100 or £200 are a lot of money, especially when it has vanished from your account. He has no family. His employer won't help, haha are you mad. He'll end up borrowing money from acquaintances, or if they're too cash-strapped or unwilling, going to the likes of Wonga to pay the bills.

When you live close to the edge, it takes one thing going wrong to crush you. And the psychopaths don't care, they'll lecture you about your moral weakness in living close to the edge. I don't doubt the Tory psychos on here will point the finger at him for being poor... despite working. It's his own fault. I wish I were as psychopathic as the Tory psychos because then I wouldn't feel empathy or sadness for struggling people like this bloke. Ah yes, I too wonder why Wonga.com donate to the Conservative Party! Not.

August 05 2013

bawdyitinerary637

Home Office tactics in illegal immigration crackdown prompt Twitter storm

I have a friend who is a illegal immigrant and he is a cleaner, morally I dont have a problem with him working here and paid a pittance if that is better than what would happen to him in Sri Lanka, a couple of his pals have been busted and sent back fore overstaying there visa. He was driving and doing pub and office cleans for a local firm that employs a lot of illegal workers Now I have a issue because the guy is now too scared to go out of Town the cleaning company are taking the right piss out of him paying him less unless he takes chances to travel to the locations that need cleaning outside of the town. Not sure what to do as I have a lot of time for him, he is living in a room in a shared house with his wife Well the only answer is to open the borders up with no checks, abolish prisons and pay everyone a living wage of £21000 a year even if they don't work. Brilliant no laws to abide, you can help yourself to your neighbours car to nip to the pub. Illegal means illegal, doesn't matter if you are black blue yellow or crimson, breaking the law is dealt with by the law of the land. Perhaps the advertising on the side of a van is a bit naff but its better than smashing doors down, here we have one of the highest rates of unemployment in the UK and recently 8 workers in a Chinese restaurant were deported for being here illegally, in the past one fish gutting company had 28 illegal migrants working for them at wages that were illegal as well, exploitation is wrong and being here illegally is wrong. The posters below amuse me. Most want illegal immigrant employers and landlords dealt with very severely but don't want the illegals harassed into leaving the country. So they stay, but now with no housing or job, good bit of thinking eh ? Or do these good people intend to open up their homes and wallets to house and keep these unfortunate illegals ? Have the Sun lumpenproletariat began posting on our boards yet, given Murdock's latest wheeze to enact a paywall - which obviously, most will not pay, as has been the fact with the Daily Hate and Daily Torygraph. If what the Nasty Party are doing is acceptable - then let's get them to do the following: Vans with huge billboards to: "Go around the City of London - stating 'Tax evasion is illegal, aggressive tax avoidance is immoral - Pay your taxes - it helps support the communities in which you are based'" "Go around Parliament - 'Fiddling your expenses and taken cash for lobbying is criminal and positioning yourself for a job in the city as a consultant, non-executive director, director is immoral and start serving your constituents'" "Be positioned outside 10 Downing Street 'Giving top government jobs to old Etonians who neither have the capacity or the understanding of the average British Voter is immoral and unacceptable'" "Be positioned outside the Ministry of Defence - 'Starting illegal wars is not what we pay our tax pounds for - protect our British soldiers and innocent civilians and NOT the corporation who want to steal resources of other countries like Iraq '" "Be positioned outside GCHQ - 'Spying on everybody without LEGAL authority is not only illegal but also immoral and unethical - you will be held to account'" I am sure you guys can come up with a lot more ideas for this fundamentally immoral Tory led government! :) If you're an illegal immigrant over staying your welcome in ANY country, expect a visit from the authorities at some point. First they yry and defend themselves (the indefensible), then they make excuses ( for their rank behaviour).

August 02 2013

bawdyitinerary637

We've just bought our first house

We've just bought our first house, and, while a number of factors were at play, one of our main concerns was to avoid the worst ill-effects of the forthcoming state-engineered boom, which will push up not only house prices, but will also, inevitably, have the effect of increasing rents. We are some of the lucky ones. I don't see how, for example, a two low-income household could ever afford to save an adequate amount for a deposit. Sadly, for much of my contemporaries, an endless vicious cycle of punishing rents is now the reality - and this government of crony capitalists is exacerbating the problem like never before. Although we are delighted with our new home, I must say, this is tinged with ambivalence, since, in becoming part of the "property owning democracy" (what a wonderful oxymoron!), we are only too acutely aware of the potential ill-effects that buying into the "dream" could have for others. The economic decisions we make always have universal implications. But what is one to do? Sit around and wait to pour ever more money into worthless rent? Keep putting a modest amount away in savings while waiting for another upswing in prices until they become 7, 8 times the average salary? Of course, we realise this motivation is selfish, but equally, failing to protect ourselves against another boom would have been little more than cutting off our noses to spite our economic face. T his is the truth of the Help to Buy scheme - it would more appropriately be named Blackmail to Buy - and it is, in my experience at least, extremely efficacious for doing so. I am pleased to say, on the other hand, that we did not take a penny of state money to buy. A half decent wage, persistence, and frugality were what we used. Of all the ludicrous things this Coalition have done, using taxpayers' money to prop up castles made of sand is perhaps the most stupid and immoral.

July 27 2013

bawdyitinerary637

Student jobs: why tax could be taxing for summer workers

Students working during the summer may be paid less than the tax threshold, but can still see money deducted. Cracking the tax code is key Regarding point 4, I thought HMRC just automatically refunded the tax at the end of the year if you are still in employment. Well that's my experience from about 10 years ago... If you continue working for the same employer one day a week during term-time you will be earning below the tax threshold and, if your code is cumulative which is the norm, you will gradually be refunded a lot of the tax you have paid over the summer. If you have a "week1/month1" tax code you will, as it says above, have to wait until after the end of the tax year. It is shocking to me that there isn't a simple 1-page tax form to file at the end of the tax year for those that have minimal income, tax credits, and deductions. But then again, why strive for low-cost efficiency when you can employ people to read letters from students and investigate the need to give them money back. Firstly, only send your P60 or P45 to HMRC if they ask for it. Usually they won't because they already have the information from your employer. Send a copy if you think it might speed things up, but keep the original. Secondly, if you start work in July, and tick Box A on your starter checklist, only tick it if it is correct though, then you will get the tax free allowance for April to June in your July salary.

July 15 2013

bawdyitinerary637

We've just bought our first house

We've just bought our first house, and, while a number of factors were at play, one of our main concerns was to avoid the worst ill-effects of the forthcoming state-engineered boom, which will push up not only house prices, but will also, inevitably, have the effect of increasing rents. We are some of the lucky ones. I don't see how, for example, a two low-income household could ever afford to save an adequate amount for a deposit. Sadly, for much of my contemporaries, an endless vicious cycle of punishing rents is now the reality - and this government of crony capitalists is exacerbating the problem like never before. Although we are delighted with our new home, I must say, this is tinged with ambivalence, since, in becoming part of the "property owning democracy" (what a wonderful oxymoron!), we are only too acutely aware of the potential ill-effects that buying into the "dream" could have for others. The economic decisions we make always have universal implications. But what is one to do? Sit around and wait to pour ever more money into worthless rent? Keep putting a modest amount away in savings while waiting for another upswing in prices until they become 7, 8 times the average salary? Of course, we realise this motivation is selfish, but equally, failing to protect ourselves against another boom would have been little more than cutting off our noses to spite our economic face. T his is the truth of the Help to Buy scheme - it would more appropriately be named Blackmail to Buy - and it is, in my experience at least, extremely efficacious for doing so. I am pleased to say, on the other hand, that we did not take a penny of state money to buy. A half decent wage, persistence, and frugality were what we used. Of all the ludicrous things this Coalition have done, using taxpayers' money to prop up castles made of sand is perhaps the most stupid and immoral.
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