Bye bye Theresa

[Mito Man]

Ah James Dyson, one of the greatest cunts this fine country has produced. His farming sideline sure seems to enjoy taking advantage of all the EU farming subsidies.

[NotoriousREV]

That would be a bit harsh on Rev to be fair Gavin - simmer down now.

GLOL

[Jobbo]

Wetherspoons profits are down

That's interesting, coming on the back of a year which contained a World Cup and the best summer on record. Although Tim Martin seems to have been aware of the forthcoming drop in profits at least 4 months ago: https://www.insidermedia.com/insider/ce ... therspoons

Wonder why the costs are going up and this was already known? Is it down to the minimum wage going up?

[NotoriousREV]

Wetherspoons profits are down

That's interesting, coming on the back of a year which contained a World Cup and the best summer on record. Although Tim Martin seems to have been aware of the forthcoming drop in profits at least 4 months ago: https://www.insidermedia.com/insider/ce ... therspoons

Wonder why the costs are going up and this was already known? Is it down to the minimum wage going up?

Yeah, he's blaming wage rises for the most part. £30m, IIRC?

[Jobbo]

The minimum wage for over-25s is going up by about 4.8%; does that mean Wetherspoons' annual wage bill is £625m? It could be; the number of employees in 2017 is stated on Wikipedia as 37,000 which averages out at a bit less than £17k p.a.

[NotoriousREV]

Seems legit. Presumably he's hoping for a roll back of workers rights.

[GG.]

The national minimum wage is national and not EU law so Brexit won't change that.

[NotoriousREV]

The national minimum wage is national and not EU law so Brexit won't change that.

No shit.

[JLv3.0]

So blame the Pakis and Poles then yeah?

(didn't read the posts because Brexit)

[Orange Cola]

Seems legit. Presumably he's hoping for a roll back of workers rights.

For +25’s on minimum wage at 40hrs a week that’s £16,286.40/annum. Still shows a tactic of employing younger sub 25 year olds or part time/0 hours contracts. I always find it interesting that’s what is being paid at the lower end of the wage range against house prices and the ever growing gap, especially with a decreasing younger population.

[NotoriousREV]

Seems legit. Presumably he's hoping for a roll back of workers rights.

For +25’s on minimum wage at 40hrs a week that’s £16,286.40/annum. Still shows a tactic of employing younger sub 25 year olds or part time/0 hours contracts. I always find it interesting that’s what is being paid at the lower end of the wage range against house prices and the ever growing gap, especially with a decreasing younger population.

I try to never forget how lucky I was to be able to buy a 3 bed detached house at the age of 23 with a £5000 deposit. My kids won’t be able to do that in today's terms.

[Jimmy Choo]

I try to never forget how lucky I was to be able to buy a 3 bed detached house at the age of 23 with a £5000 deposit. My kids won’t be able to do that in today's terms.

I managed a 2 bed terrace for £43k with a 3k deposit in '97 when I was 22. You can't even get a bedsit for that these days.

[Rich B]

I was well into my 30s and had to have saved £30k+ cash to buy a £250k 2 bed house on a fairly shitty rate mortgage. I sold it 3 years later refurbed for £412k, which I wouldn’t have been able to afford to buy as a FTB.

It sounds like the North is catching up in the game of crazy house prices....

[Nic]

I bought my first house at 18 for £9k. 3 bed semi detached. Same house today is around £80/85k.

[Rich B]

I bought my first house at 18 for £9k. 3 bed semi detached. Same house today is around £80/85k.

Still affordable though. 3 bed houses are £500k+ here.

[Broccers]

Watching Sky - apparently we will all starve to death if its no deal. Bit of an eye opener - I never really expected to be able to eat strawberries in winter

On the house thing - yes it'll be tough. The inheritance thresholds dont seem to have increased in relation.

[Orange Cola]

Seems legit. Presumably he's hoping for a roll back of workers rights.

For +25’s on minimum wage at 40hrs a week that’s £16,286.40/annum. Still shows a tactic of employing younger sub 25 year olds or part time/0 hours contracts. I always find it interesting that’s what is being paid at the lower end of the wage range against house prices and the ever growing gap, especially with a decreasing younger population.

I try to never forget how lucky I was to be able to buy a 3 bed detached house at the age of 23 with a £5000 deposit. My kids won’t be able to do that in today's terms.

It’s incredible round here, the highest paid jobs don’t even get you into a reasonable family home (3 bed for the families with 2 kids) which is proving a nightmare for younger families. Having one parent part time just won’t make ends meet and the child care costs are eye watering.

Those who are fortunate enough to have their own house/deposit paid for don’t see the issue at all which is really frustrating when all they seem to do is criticise those who are struggling.

[dinny_g]

I bought my first house at 18 for £9k. 3 bed semi detached. Same house today is around £80/85k.

Still affordable though. 3 bed houses are £500k+ here.

I think back to the money I could have made buying...

a. the first place I lived in when I moved here in 1997. - then, available at 110k, now £400k

and

b. Buying out my partners ex, then 45k on a 90k Mortgage now £300k

On the other hand, I GUARANTEE I would have been tempted to release every penny of equity and jump on the Irish Property bandwagon (cause everyone’s doing it - too big to fail - soft landing etc. ) and lost everything...

C’est la vie ...

[evostick]

I only bought a flat when I was 21 as it was cheaper than renting one at the time.

My new neighbours, from london, are about 30 years old. They paid 475k for a 2 bedroomed house made of wood and only did so because 'it was so much for the money'. 'Houses are so cheap around here'. They're both vegan and share the use of a honda jazz.

[NotoriousREV]

I bet they have their friends send them a hamper every month from London with all the quinoa and kale they can eat.