Help Property Investors

The world of property investment has long been the source of personal wealth for many and a driving force in the economy. Recent changes to the Council of Mortgage Lenders guidelines has meant traditional property investors have been "shut out" and the only lending is being given to those that can fulfil the requirements of the Council of Mortgage Lender's Check List i.e. owner/occupiers.

This needs to be stopped right now. If I buy a car that is worth £20,000 for £10,000 and sell it for £20,000, no one bats an eyelid. But if I buy a house for £100,000 that is actually worth £150,000, I'm not allowed to sell that house for six months and even then, the sale price would be governed by the fact that I paid £100,000 for it. Valuers should be trained to value properties for what they are actually worth using type of construction, square footage, part of town, local amenities, schools, hospitals, accessibility for commuting, etc, not relying solely on local area comparisons. They should certainly be totally independent of the lenders (None of this "Times are tough. Devalue everything by 10%" that was going on two years ago).

As we (the taxpayers) still own a large proprtion of the lending institutions, we should force these lenders to provide one or two good quality mortgage products aimed at investors. (Whilst the bank base rate was down around half-a-percent, many buy to let mortgages were still running at around 7%. It's no wonder these organizations recovered as quickly as they did!) These mortgage products should take into account that a good entrepreneur can actually buy a property at one price one day and it is worth much more, even as the sale at that lower price is going through. If we wait until everyone fits into the CML criteria, we won't have a property investment industry to speak of.

Why is this idea important?

The world of property investment has long been the source of personal wealth for many and a driving force in the economy. Recent changes to the Council of Mortgage Lenders guidelines has meant traditional property investors have been "shut out" and the only lending is being given to those that can fulfil the requirements of the Council of Mortgage Lender's Check List i.e. owner/occupiers.

This needs to be stopped right now. If I buy a car that is worth £20,000 for £10,000 and sell it for £20,000, no one bats an eyelid. But if I buy a house for £100,000 that is actually worth £150,000, I'm not allowed to sell that house for six months and even then, the sale price would be governed by the fact that I paid £100,000 for it. Valuers should be trained to value properties for what they are actually worth using type of construction, square footage, part of town, local amenities, schools, hospitals, accessibility for commuting, etc, not relying solely on local area comparisons. They should certainly be totally independent of the lenders (None of this "Times are tough. Devalue everything by 10%" that was going on two years ago).

As we (the taxpayers) still own a large proprtion of the lending institutions, we should force these lenders to provide one or two good quality mortgage products aimed at investors. (Whilst the bank base rate was down around half-a-percent, many buy to let mortgages were still running at around 7%. It's no wonder these organizations recovered as quickly as they did!) These mortgage products should take into account that a good entrepreneur can actually buy a property at one price one day and it is worth much more, even as the sale at that lower price is going through. If we wait until everyone fits into the CML criteria, we won't have a property investment industry to speak of.

Financial Education

Financial Services should be a compulsory subject until the age of 16 in every school in the UK.

The subject should cover:

UK Regulatory structure and your rights as a consumer

Distribution channels (bancassurers, IFAs, Direct sales etc) and the advice process including the key sales documents.

Concept of risk

Types of financial products, Savings, Investments, Bonds, pensions, Mortgages

Basic Tax planning

State benefits

Projections, charges, fees and costs.

 

Why is this idea important?

Financial Services should be a compulsory subject until the age of 16 in every school in the UK.

The subject should cover:

UK Regulatory structure and your rights as a consumer

Distribution channels (bancassurers, IFAs, Direct sales etc) and the advice process including the key sales documents.

Concept of risk

Types of financial products, Savings, Investments, Bonds, pensions, Mortgages

Basic Tax planning

State benefits

Projections, charges, fees and costs.

 

Make government and private enterprise finance pensions properly

Many in private enterprise raided pension funds and had 'payment holidays' when times were good.

 

Now times are bad they whinge about the public sector. They also use arguments of greed and envy for their own purposes.

 

Why not come up with a proper plan to finance pensions for the whole nation that includes both government guarantee and proper investment in valuable assests?

 

Also: why not take steps to stop the asset stripping of pension investments by foreign 'equity investment' organisations, who buy badly managed businesses from pension funds, asset strip them, and the sell them back to the pension funds on the basis that they are 'more efficient'?  How much of our pension money ends up in other countries instead of being properly managed at home? Government could do more to protect against this.

Why is this idea important?

Many in private enterprise raided pension funds and had 'payment holidays' when times were good.

 

Now times are bad they whinge about the public sector. They also use arguments of greed and envy for their own purposes.

 

Why not come up with a proper plan to finance pensions for the whole nation that includes both government guarantee and proper investment in valuable assests?

 

Also: why not take steps to stop the asset stripping of pension investments by foreign 'equity investment' organisations, who buy badly managed businesses from pension funds, asset strip them, and the sell them back to the pension funds on the basis that they are 'more efficient'?  How much of our pension money ends up in other countries instead of being properly managed at home? Government could do more to protect against this.

Investigate Trade Union Funds

If there is one solitary factor standing in the way of British economic recovery, it is the power of the Trade Unions. Unions collect funds from all members on a regular basis, sometimes for many years without any specific outlay. These funds were puportedly to support union members through finacial hardship as a result of strike action.

Today it is more likely to fund the lavish lifestyle of union bosses and their "executive committees". The unions have grown more powerful with every passing year and as their power grows, so too do the funds they amass.

Whilst there are possibly some unions who have only the well-being of their members at heart, there are those who blatantly misuse their position and funds entrusted to them by gullible members.

It is time these union funds were investigated, both for indications that union executives are syphoning off the cream for themselves and to see exactly what percentage of these funds is used in the best interests of union members.

As the British public are directly and indirectly affected by stike action, as is growth of our industries, increased employment and reduction of our national debt, it is only reasonable that trade union subscriptions are subjected to public scrutiny. That way the irresponsible actions of some trade unions can be brought under control, thus paving the way for willing workers in every sector to work toward strengthening our economy so that all may benefit.

Why is this idea important?

If there is one solitary factor standing in the way of British economic recovery, it is the power of the Trade Unions. Unions collect funds from all members on a regular basis, sometimes for many years without any specific outlay. These funds were puportedly to support union members through finacial hardship as a result of strike action.

Today it is more likely to fund the lavish lifestyle of union bosses and their "executive committees". The unions have grown more powerful with every passing year and as their power grows, so too do the funds they amass.

Whilst there are possibly some unions who have only the well-being of their members at heart, there are those who blatantly misuse their position and funds entrusted to them by gullible members.

It is time these union funds were investigated, both for indications that union executives are syphoning off the cream for themselves and to see exactly what percentage of these funds is used in the best interests of union members.

As the British public are directly and indirectly affected by stike action, as is growth of our industries, increased employment and reduction of our national debt, it is only reasonable that trade union subscriptions are subjected to public scrutiny. That way the irresponsible actions of some trade unions can be brought under control, thus paving the way for willing workers in every sector to work toward strengthening our economy so that all may benefit.

DISABILITY BENEFITS: DLA

The new coalition government is wanting to change the policies on welfare benefits, from this year onwards….The conservatives are targeting the vulnerable, including the sick and disabled, to reduce the deficit that sadly the country has gotten into…..I do appreciate that those who are not in geniune need for DLA must be look at – DLA should only be given to those in geniune need….because we know that a good percentage of disabled people either do not work or they only work in part-time jobs…So any money that disabled people can get, the better……

 

I propose the following:

 

  • To have a faired system for those claiming DLA – People with long-term disabilities and chronic illnesses must be understood more properly from medical assessors from the DWP when claiming DLA. The medical asssessor or jobcentre plus staff must train in more detail about health conditions, especially with hidden disabilities such as autism, mental health conditions, fibromyalgia, etc…
  • Allow the mobility car scheme to be more accessible – allow people on low or high rate to use mobility scheme, as there are people on both components that need a car because they cannot go on a bus and taxi's are too expensive – At the moment, the low mobility component only pays claimants £18 per week roughly – this is not enough, because taxi's can cost £18 for one day, so if you need regular transport, then £18 per week is not enough sadly – so lets bring in the mobility scheme, then disabled people like me can live more independant.
  • DLA must go up with VAT/inflation rise – claimants rely on DLA to help them with medical expenses, including: specialist food, clothing, care support, travel expenses and so forth….Obviously things will become more expense so those on benefits will have to spend less, and this will lead to their health being put at risk.
  • DWP must ensure that every claimant is assessed fairly but properly – DLA should not be given to those with preventable health conditions, such as being overweight, addicts, those with just minor conditions such as dyslexia, dyspraxia, etc….At the end of the day, DLA should be given to those with long-term disabilities or short-term illnesses that are moderate to severe only…..
  • Disabled people with long-term disabilities, such as autism, fibromyalgia, etc…..should not have to keep re-applying every few years unless their condition changes and the claimant needs to inform them.
  • If a disabled person wants to work, allow that person to still have DLA and the same rates they was given – alot of disabled people will probadly still need the same level of support, whether in or out of work.
  • Stop people victimizing those who are on DLA/Incapacity benefits – not everybody on benefits are lazy and scroungers – people do not chose to be disabled….

 

http://www.motability.co.uk/main.cfm

http://www.direct.gov.uk/en/DisabledPeople/FinancialSupport/DG_10011731

http://www.bbc.co.uk/ouch/messageboards/F3611783?thread=4195918

http://www.dwp.gov.uk/

Why is this idea important?

The new coalition government is wanting to change the policies on welfare benefits, from this year onwards….The conservatives are targeting the vulnerable, including the sick and disabled, to reduce the deficit that sadly the country has gotten into…..I do appreciate that those who are not in geniune need for DLA must be look at – DLA should only be given to those in geniune need….because we know that a good percentage of disabled people either do not work or they only work in part-time jobs…So any money that disabled people can get, the better……

 

I propose the following:

 

  • To have a faired system for those claiming DLA – People with long-term disabilities and chronic illnesses must be understood more properly from medical assessors from the DWP when claiming DLA. The medical asssessor or jobcentre plus staff must train in more detail about health conditions, especially with hidden disabilities such as autism, mental health conditions, fibromyalgia, etc…
  • Allow the mobility car scheme to be more accessible – allow people on low or high rate to use mobility scheme, as there are people on both components that need a car because they cannot go on a bus and taxi's are too expensive – At the moment, the low mobility component only pays claimants £18 per week roughly – this is not enough, because taxi's can cost £18 for one day, so if you need regular transport, then £18 per week is not enough sadly – so lets bring in the mobility scheme, then disabled people like me can live more independant.
  • DLA must go up with VAT/inflation rise – claimants rely on DLA to help them with medical expenses, including: specialist food, clothing, care support, travel expenses and so forth….Obviously things will become more expense so those on benefits will have to spend less, and this will lead to their health being put at risk.
  • DWP must ensure that every claimant is assessed fairly but properly – DLA should not be given to those with preventable health conditions, such as being overweight, addicts, those with just minor conditions such as dyslexia, dyspraxia, etc….At the end of the day, DLA should be given to those with long-term disabilities or short-term illnesses that are moderate to severe only…..
  • Disabled people with long-term disabilities, such as autism, fibromyalgia, etc…..should not have to keep re-applying every few years unless their condition changes and the claimant needs to inform them.
  • If a disabled person wants to work, allow that person to still have DLA and the same rates they was given – alot of disabled people will probadly still need the same level of support, whether in or out of work.
  • Stop people victimizing those who are on DLA/Incapacity benefits – not everybody on benefits are lazy and scroungers – people do not chose to be disabled….

 

http://www.motability.co.uk/main.cfm

http://www.direct.gov.uk/en/DisabledPeople/FinancialSupport/DG_10011731

http://www.bbc.co.uk/ouch/messageboards/F3611783?thread=4195918

http://www.dwp.gov.uk/

Free tuition for your first REAL degree

Free tuition should be available for everyones first degree, no grants, just no tuition.

Industry should decide on the number of places available on each degree course universities offer (with a minimum number available for each)

Student loans for living costs should be available at an interest rate that makes is cost neutral for the government to run.

Why is this idea important?

Free tuition should be available for everyones first degree, no grants, just no tuition.

Industry should decide on the number of places available on each degree course universities offer (with a minimum number available for each)

Student loans for living costs should be available at an interest rate that makes is cost neutral for the government to run.

Debt Relief Orders

In April 2009, Debt Relief Orders were introduced and were  designed to help those in financial difficulties with less than £15,000 of debt and less than £300 in assets. 

The problem with these D.R.O's is they include all assets….even a pension which you may not be entitled to for many years. In doing so, it automatically eliminates people from being able to apply for a D.R.O and leaves them with no alternative except to go for bankruptcy or wait for the bailiffs to eventually turn up. 

This idea which was designed to help people in real financial hardship with spiralling debts is actually no good should you have been made redundant and are not able to receive your pension for another 30 years!

The issues regarding removing pensions from the application for a D.R.O should be addressed immediately and help ease personal financial debts which are fast becoming out of control. 

Why is this idea important?

In April 2009, Debt Relief Orders were introduced and were  designed to help those in financial difficulties with less than £15,000 of debt and less than £300 in assets. 

The problem with these D.R.O's is they include all assets….even a pension which you may not be entitled to for many years. In doing so, it automatically eliminates people from being able to apply for a D.R.O and leaves them with no alternative except to go for bankruptcy or wait for the bailiffs to eventually turn up. 

This idea which was designed to help people in real financial hardship with spiralling debts is actually no good should you have been made redundant and are not able to receive your pension for another 30 years!

The issues regarding removing pensions from the application for a D.R.O should be addressed immediately and help ease personal financial debts which are fast becoming out of control. 

Enact the Bank of England (Creation of Currency) Bill 2010

Forcing millions of ordinary people to borrow their means of exchange into existence from the banks at their own risk and expense, in the form of over-priced mortgages and other loans, and then taxing them to service government debt on top of that, severely limits economic independence and freedom of choice.  If the definition of a slave is not ill-treatment, but the fact that he or she has no say in their own policy, the decision to tax the people to save the banks, without any offer of a vote or any discussion of alternative means of creating new purchasing power, reduces large swaths of the population to slavery.

The Bank of England (Creation of Currency) Bill 2010 proposes a simple reform which will dramatically reduce taxes, while at the same time expanding and maintaining infrastructure and providing decent public services.

The Bill establishes as its Universal Principle that: “Throughout the entire banking and deposit taking system … every credit to an account must be matched by an equal debit from a different account.”  Only the Bank of England will be exempt from this requirement, thereby enjoying sole right to create all of the UK’s new money, both cash and non-cash.

Enactment of the Bill will complete the work of The Bank Charter Act of 1844, which made it as illegal for the commercial banks to print notes as it already was for them to mint coins.  Under the Act it will also be illegal for them to create non-cash money in the form of "credit".  In effect, the money supply will be nationalised without any need to nationalise the banks, which will continue to compete for their profits in the open market – with the difference that they will now confine themselves to borrowing and lending money which already exists.

With money recognised as a public utility, the MPC will be responsible for issuing or withdrawing it from circulation directly, instead of depending on the blunt instrument of interest rates to control inflation; and any new money created can be spent into circulation on  public works and services as indicated by voters in the usual way, at general elections.

The Bank of England (Creation of Currency) Bill 2010 is online, with detailed explanations and FAQs, at http://www.bankofenglandact.co.uk/.

Why is this idea important?

Forcing millions of ordinary people to borrow their means of exchange into existence from the banks at their own risk and expense, in the form of over-priced mortgages and other loans, and then taxing them to service government debt on top of that, severely limits economic independence and freedom of choice.  If the definition of a slave is not ill-treatment, but the fact that he or she has no say in their own policy, the decision to tax the people to save the banks, without any offer of a vote or any discussion of alternative means of creating new purchasing power, reduces large swaths of the population to slavery.

The Bank of England (Creation of Currency) Bill 2010 proposes a simple reform which will dramatically reduce taxes, while at the same time expanding and maintaining infrastructure and providing decent public services.

The Bill establishes as its Universal Principle that: “Throughout the entire banking and deposit taking system … every credit to an account must be matched by an equal debit from a different account.”  Only the Bank of England will be exempt from this requirement, thereby enjoying sole right to create all of the UK’s new money, both cash and non-cash.

Enactment of the Bill will complete the work of The Bank Charter Act of 1844, which made it as illegal for the commercial banks to print notes as it already was for them to mint coins.  Under the Act it will also be illegal for them to create non-cash money in the form of "credit".  In effect, the money supply will be nationalised without any need to nationalise the banks, which will continue to compete for their profits in the open market – with the difference that they will now confine themselves to borrowing and lending money which already exists.

With money recognised as a public utility, the MPC will be responsible for issuing or withdrawing it from circulation directly, instead of depending on the blunt instrument of interest rates to control inflation; and any new money created can be spent into circulation on  public works and services as indicated by voters in the usual way, at general elections.

The Bank of England (Creation of Currency) Bill 2010 is online, with detailed explanations and FAQs, at http://www.bankofenglandact.co.uk/.

Reduce taxes on work, increase taxes on debt, drugs, energy

Increase taxes on debt, drugs and energy and reduce income taxes by the same amount.   Legalising drugs would also allow the drug industry's profits to be taxed and reduce the amount of taxpayer money spent on the criminal justice system.

Why is this idea important?

Increase taxes on debt, drugs and energy and reduce income taxes by the same amount.   Legalising drugs would also allow the drug industry's profits to be taxed and reduce the amount of taxpayer money spent on the criminal justice system.

Remove insurance companies’ exemption from rules governing unfair clauses and disclaimers

Insurance companies are exempt from the regulations which prohibit unfair clauses and disclaimers in contracts.  This means that insurance companies are effectively exempt from consumer law.  They can charge as much as they like, but deliver as little as they like – and for any reason they like.

 

This exemption needs to be removed as soon as possible.

Why is this idea important?

Insurance companies are exempt from the regulations which prohibit unfair clauses and disclaimers in contracts.  This means that insurance companies are effectively exempt from consumer law.  They can charge as much as they like, but deliver as little as they like – and for any reason they like.

 

This exemption needs to be removed as soon as possible.

Regulate to encourage more than to discourage

By regulatio one intends the creation of disincentives to certain actions or outcomes. There is a plathorae of such regulations. However, what is lacking is a coherent set of regulations that encourage innovation and creativity. One can think of many options, such as the obligation to engage of SMEs in large government projects especially those that need a high level of development (IT, engineering etc), promoting the usage new services and products in universities and govenment departments.

Why is this idea important?

By regulatio one intends the creation of disincentives to certain actions or outcomes. There is a plathorae of such regulations. However, what is lacking is a coherent set of regulations that encourage innovation and creativity. One can think of many options, such as the obligation to engage of SMEs in large government projects especially those that need a high level of development (IT, engineering etc), promoting the usage new services and products in universities and govenment departments.

How about a REAL bank of ENGLAND

The bank of "England" is located in the "city of london" a suitably ambiguous name for somewhere that wants to hide the fact it isn't actually London OR England,

So why is the bank of ENGLAND, NOT in ENGLAND?! Because it's a private company, that we all rely on to screw us royally through nothing more than an interest based ponzi scheme

If we are to EVER fix the financial issues facing the country, we must face the rather massive elephant in the room that is the bank of 'england' – a PRIVATE company that we give everything to, and yet receive nothing back from in return,

Why is this idea important?

The bank of "England" is located in the "city of london" a suitably ambiguous name for somewhere that wants to hide the fact it isn't actually London OR England,

So why is the bank of ENGLAND, NOT in ENGLAND?! Because it's a private company, that we all rely on to screw us royally through nothing more than an interest based ponzi scheme

If we are to EVER fix the financial issues facing the country, we must face the rather massive elephant in the room that is the bank of 'england' – a PRIVATE company that we give everything to, and yet receive nothing back from in return,