Did anyone EVER give you 10 thousand pounds?
 

This country must be awash with spare money.
I read that some 'think tank' has suggested that all 25 year olds(regardless of their financial situation) be given ten thousand pounds.
It seems that this money is to make these young adults feel a bit more economically secure....help them to get onto the housing ladder.

I am not sure whether the money will come with any provisos....like 'why don't you pay off some of your Uni costs'....or whether it will be left up to these millennials to use the money sensibly.

This is at a time when services to communities(which these millennials use) are being cut....when we are have a surcharge placed on local taxes to fund elderly care. When NHS hospitals are looking at huge deficits(partly caused by political meddling).
It is also mooted that working folk will begin to pay tax at a lower threshold....so poorer workers are going to be funding this gift.

Do you feel that this is a good use of taxpayers money?

Re: Did anyone EVER give you 10 thousand pounds?
 

Re: Did anyone EVER give you 10 thousand pounds?
 

Ive heard some real STUPID ideas in my time, but this beats the lot EASY,someone people are no doubt earning good money for rubbish like this.

Re: Did anyone EVER give you 10 thousand pounds?
 

a simple answer margaret, NO.

Re: Did anyone EVER give you 10 thousand pounds?
 

The best of it is they are expecting the old folk to work beyond pension age, pay NI contributions to pay for this ludicrous scheme.
Now if someone is working beyond pension age, there is a good chance that they are doing it because the NEED the money...they certainly are not doing it for fun.
There are better ways to ensure that these millennials can become economically secure.


Maybe Lord Willetts has found the money tree that Jeremy Corbyn was going to shake to fulfil all his party's promises.
Maybe they will use the money that we save by leaving the EU.
This is one of the daftest ideas I have ever heard of.

Re: Did anyone EVER give you 10 thousand pounds?
 

Would a better use of this mythical £10,000 not be to make pensioners more secure so that they don't have to make choices, (as I know some do) between having the heating on and having a reasonable diet. Just my thoughts,
Mark

Re: Did anyone EVER give you 10 thousand pounds?
 

Yes Mark.
There is a lot that is wrong in this country.
These young folk think that they have it tough trying to make ends meet...but then there are many people who have worked all of their lives to be told that they must sell their homes to pay for what is laughingly called 'care'.
Except it resembles nothing like care.
When you get something for nothing, you do not put a high value on it.
It is far better to get something by your own hard work....then it has a value....and that value is your work to get it.

Re: Did anyone EVER give you 10 thousand pounds?
 

I am pretty sure that it is a fallacy that the baby boomers are wealthy.
They may be asset rich, but cash poor....and that is only Maybe.

Re: Did anyone EVER give you 10 thousand pounds?
 

By the way David Willetts(now Lord Willetts) is the individual who (when a government minister) tripled tuition fees.

Re: Did anyone EVER give you 10 thousand pounds?
 

I don’t want to get myself banned from this forum so I’ll keep m thoughts to myself.

Re: Did anyone EVER give you 10 thousand pounds?
 

Well I can't imagine where such an amount of money would come from (probably add it to national borrowing after all, it would only be a small amount compared to what each successive government keeps adding).
The whole idea is however DOOMED ( DOOMED I TELL YE)
O.K. we have the ner'do well infant 25 year olds that would straight away **** it against the wall, but fortunately the majority of 25 year olds would want to use it to improve their lot perhaps by getting a first mortgage?
All power to their elbow it's what we struggled for way back when.
What would be the first thing to rise? House prices, probably on average by a nice round sum of let's say (and this is only a guess I'm useless at figures), £10,000?

Resulting in many folk of various ages (not just the lucky few that happen to be 25) that have saved for that first step still not being able to afford a first home, but someone with sticky figures and no morals is out there rubbing their hands saying 'bring it on, I could use a little bonus'.

Re: Did anyone EVER give you 10 thousand pounds?
 

Yes Less, you are(as usual) spot on.
This is an ill thought out idea....by a man who is noted for such things.
The money would come from making older folk pay more in taxes.
If the government could find ways of extracting the appropriate taxes from multi national companies,(and I know they are indulging in perfectly legal tax evasion....it might be legal, but it is still evading paying what should be paid) then there would be more money to fix many of the problems that afflict society.

But, no one should ever get something for nothing....especially not when it is coming from the public purse....that is NOT creating a level playing field.

Re: Did anyone EVER give you 10 thousand pounds?
 

If the nobbers in government stopped chucking good money after bad such as foreign aid, millions to the eu & every gimmigrant/eurodross scumbag wanting free handouts, the UK would have more than enough to give every proper Brit a few quid in bungs,

Re: Did anyone EVER give you 10 thousand pounds?
 

No wonder theres only a few of us.:D

Re: Did anyone EVER give you 10 thousand pounds?
 

Best thing to do with think tanks is sink em!

Lets be honest 10K will not go that far to secure a house that's even if they had the jobs earning enough to be awarded a mortgage. I would say with job security poor these days it would be safer to rent anyway, so what the knobs need to do is build suitable housing which is another thing we've all been on about since the 70's when many a block of flats went up to cope with the need only to be knocked down 20-30 years later hardly a good investment.

Re: Did anyone EVER give you 10 thousand pounds?
 

need more affordable rented accomodation for people. buying a house is not for everyone even if they can afford it. a drain on all your finances and the only way you ever make money and that means cash in your hand is to buy a small one maybe in a cheaper area. not many would really fancy this as you,ve burnt your boats then. at least with rented houses you get your repairs done which for someone like me is the biggest bonus i could ever imagine.

Re: Did anyone EVER give you 10 thousand pounds?
 

As fer getting yer Repairs done, many round my way have been asking for such things for years, complete waste of time and energy, if yeh got a bad owner, i'm certainly glad we own ours.:eek:

Re: Did anyone EVER give you 10 thousand pounds?
 

This is (like many other government interventions) ill considered, badly thought out and a completely useless action.
It does nothing to heal what is seen as a generational rift.
This generational rift that is talked of is a hyped up thing...it leaves those youngsters feeling like they should be having something done for them...but gives no motivation for these youngsters to plan strategies for their future.

It does not let them see the hardships that older generations faced...or look at how these generations overcame them.

It was no easy task to buy your first house for the people of MY generation....wages were low, interest rates were high....the only thing back then was you could get a 95 or even a 100% mortgage....but you had to make sacrifices to pay this off.

This plan to take from pensioners (on fixed budgets)to give to fit and able bodied young people(whose potential to earn is still there) will create a simmering resentment.

I am sure that many grandparents, and parents still support their adult children in some way or another.
Housing them and charging them little or no rent.

This think tank has spit for brains(and that is the polite term)

Re: Did anyone EVER give you 10 thousand pounds?
 

I would never rent...it is dead money...going to furnish someone else's lifestyle.
I would rather buy something lowly...a terraced home, do it up to my taste and standards....there is something very satisfying in doing that and knowing that it is the fruit of your own efforts.
This gives you a foot on the ladder....and it is then up to you how far up the ladder you go...but it takes work, determination, a bit of vision and sacrifices.
Nights in instead of nights out...home cooked instead of take always, staycations rather than vacations.

Re: Did anyone EVER give you 10 thousand pounds?
 

[QUOTE=Margaret Pilkington;1213319]I would never rent...it is dead money...going to furnish someone else's lifestyle.
I would rather buy something lowly...a terraced home, do it up to my taste and standards....there is something very satisfying in doing that and knowing that it is the fruit of your own efforts.
This gives you a foot on the ladder....and it is then up to you how far up the ladder you go...but it takes work, determination, a bit of vision and sacrifices

only when you have actually paid for your property is when you are not in debt for it. many now still have a mortgage after pension age and i,m sure it will get worse on this front. been a buyer and a renter in my life and never regretted being a renter. as for doing a property up yourself again this aint for everyone. i need a workshop manual to change a lightbulb and even then i,ll break the first one installing it. all home ownership did for me was a visit to the divorce court as working 7 days a week, 12 hours a day just for bricks and morter were just not for me.

Re: Did anyone EVER give you 10 thousand pounds?
 

Good old values Margaret and yardstick.

Turn the clock back many years when we had nothing I made quite a bit of furniture myself also carrying wood up a hill as zero transport after visits to DIY learning on the job as it were. Looking back at those achievements with very few tools and the owd photo album of memories the struggle was worth it really. Probably my fondest memory would be the kids toy box and folding door TV unit back then. Appy days but I was young fit and well then..

Home ownership is not for everyone particularly if you have poor heath making looking after it hard going so renting with a good landlord is often a welcome alternative perhaps.

Re: Did anyone EVER give you 10 thousand pounds?
 

think your last sentance sums the whole issue up. wish i could have done things like you did when you were young but my woodworking exploits at school are still remembered today with more than a little laughter.

Re: Did anyone EVER give you 10 thousand pounds?
 

[QUOTE=monkey hanger;1213323]Of course owning is not for everyone.
If you have a job which means you can be sent to anywhere in the country, then it only makes sense to rent....but I stand by what I said.
As for being unable to cope with DIY....there has never been a better time to learn, or more ways to educate yourself.
I am not a spring chicken(though I like to think I am) and four years ago we had major work done on our house.
It was left looking like a cave.
I varnished all the wood floors with little help other than looking at a video on YouTube....but the DESIRE to do it has to be there.
I saved myself £600....and with that money I was able to enlist the services of a young man to paint and decorate...putting bread on his family table.
Every time I vacuum or clean the floor I look at it with pride and think to myself 'I did that'.
Landlords have a hold over you...they can chose what they do...and when....and you can have been a good tenant, but if they want you out....then out you go.
If you overstretch yourself then of course it is a struggle, but a good partnership will survive a struggle

Re: Did anyone EVER give you 10 thousand pounds?
 

Mr Monkey. Your talking of the hours you worked reminded me of our scenario in the 80's. Other half worked nights I did days, we were like pies that passed in the night for a good few years not ideal by any means and housing then was just a bigger issue.

Moving to sunny Accrington we got a semi derelict house to do up together fitting our own windows doors etc etc only thing I got someone in for was plumbing, oh and a little help from our friends God bless them. This home is our final one but its not that that's priceless its the being together doing it, the stupid things that happened and my legendary floor board party's complete with bags of sand and cement to sit on ready for the next job. Good times really and it would have never crossed our minds we were struggling back then. Sorry about my nostalgia trip..

We have a few friends who have sold up the bricks and moved into new or second owner statics being smaller to maintain. They have a good social life and being older that can only be a good thing as so many see so few people these days. Not sure a static would appeal to a younger generation tho.

E suns out again!

Re: Did anyone EVER give you 10 thousand pounds?
 

Hey up and just another thing, is this a one off plan or does everyone that turns 25 get this so called bonus?
It would hardly be fair to award such a bump up to just one year. 25 should be the new 21 coming of age, congrats to you all here's a bit of bunce whether you deserve it or not, indeed whether you need it or not!

Re: Did anyone EVER give you 10 thousand pounds?
 

[QUOTE=Margaret Pilkington;1213326][QUOTE=monkey hanger;1213323]

As for being unable to cope with DIY....there has never been a better time to learn, or more ways to educate yourself.


i learned very quickly to leave diy well alone. too many messed up paint jobs and holes in the wall where you could put an atlantic liner just to put a mirror up. i know my capabilities and i,ll stick to driving and car repairs.

Re: Did anyone EVER give you 10 thousand pounds?
 

It is good to recognise your limitations.
My father was like that....so Ma did the DIY and he did the sewing jobs....and he was good at them.
I am not sure what my limitations are....I will tackle most things(once I have done a bit of preliminary research, that is)....and I see mistakes as a learning curve.

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[QUOTE=MrPastry;1213328]

We have a few friends who have sold up the bricks and moved into new or second owner statics being smaller to maintain. They have a good social life and being older that can only be a good thing as so many see so few people these days. Not sure a static would appeal to a younger generation tho.

problem with statics are that they depreciate quicker than the citroen xm did. new about 70 grand with about 15 years life at most parks. lodges are about 130 but with a longer lifespan. something to be looked at for retired couples but for youngsters its really a keep away from area.

Re: Did anyone EVER give you 10 thousand pounds?
 

If someone anyone in fact gave me £10,000 at the age of 25 and had I not already succumbed to the power of the one ring, I would spend it on bad horses and even badder women. The rest I would squander foolishly.
However I fear if this was implemented then some people would actually do that. In Australia they government gives every first time house buyer 10,000 Australian Dollars towards their first house but it is only a one off payment and they don't actually get the money in their hand. That may be a better option.

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Interesting thought provoker Margaret, £10,000 to someone of our era, 60s and 70s, would have been a life changer, in todays world it would be a couple of holidays or a new car. What a waste of money that would be when there are so many other things crying out for support from the government, talk about being out of touch.
Just a side note, it took me ages to do a £ on this Canadian keyboard.