I can’t agree with the subsidy for ordinary mortgage payers aspect - since so few of the general public have base rate trackers.
BTL landlords on the other hand, are taking out fresh mortgages all the time, and pay a premium rate of interest that despite being “premium” - have rates that are still falling long term, being related to the Bank of England base rate, albeit more distantly.
If Joe Public doesn’t have a standing mortgage on a BoE base rate tracker then, is NOT able to take out a new one on a base rate tracker now, and BTL landlords make up over 90% of the fresh mortgage market these days - then I conclude that it’s housing benefit that continues to be the “public subsidy” you speak of, and is, of course, also indirectly propping up the entire market - since Landlords would never be able to charge these silly rents for their let houses IF there was no benefits involved.
Local jobs paying minimum wages just don’t lead a member of the general public to afford £900pcm+ rents. Even with both members of a couple working, and having no kids…
Winseer:
I can’t agree with the subsidy for ordinary mortgage payers aspect - since so few of the general public have base rate trackers.
The bank rate is a guide to mortgage rates because no one is going to deposit cash with mortgage lenders if the banks are paying them more.Which is why mortgage borrowers and low wage employers are terrified of a decent increase in bank rates because that affects interest rates across the board.Which then means either wages have to increase or we end up in a situation of mass mortgage defaults and repossessions.IE ripping off savers to provide employers with a form of housing benefit to subsidise low wage employment.
FTSE up 219 points today, now in the black since Referendum Week.
Fuel still about a dollar below - but that’s not a problem.
Pound up nearly 200 points today, after being up similar yesterday. Well on the road to recovery too, which is pretty impressive when one considers what a total shower our entire parliamentaries are right now. 
I’m one of those people who believe a correctly-run Brexit implementation can raise our sights to levels we used to dare not dream of. 
Winseer:
I’m one of those people who believe a correctly-run Brexit implementation can raise our sights to levels we used to dare not dream of.
As I said 1972 was the last reference point.Check out all the relevant figures then and see if that fits the description.
Having said that in the environment we’re in with this lot now a behind closed doors nod that it ain’t going to happen would probably be a better explanation for the bankers being happier. 
Ask your local MP and Forecourt WHY the fuel price drops of late (over 20% in the last fortnight now) have YET to be passed on to the public!!! 
NO, it’s NOT “because of the weak pound” when the pound has finally turned the corner as well this week…
Forecourts around here have been displaying 115.9 for unleaded for the past month at least. 
And Toblerone? - It’s a bloody disgrace even if I don’t even like Toblerone!
Winseer:
Ask your local MP and Forecourt WHY the fuel price drops of late (over 20% in the last fortnight now) have YET to be passed on to the public!!!
1
NO, it’s NOT “because of the weak pound” when the pound has finally turned the corner as well this week…
0
Forecourts around here have been displaying 115.9 for unleaded for the past month at least.
And Toblerone? - It’s a bloody disgrace even if I don’t even like Toblerone!
Toblerone triangle change upsets fans - BBC News
Remember that higher prices on confectionery and road fuel means more road fuel duty and VAT receipts for the government. Meanwhile people buy less Toblerone and fuel or spend less on other things to pay for the increased price of fuel.The result as usual being less tax receipts and a net loss to the economy.
On that note we won’t see any change in the punitive road fuel price issue.At least so long as we’re still lumbered with the anti road use/global warmist/luddite leave it all in the ground for future generations,regime and thinking.
