In Britain, the rich are richer but the poor far poorer than in Europe
1–10 of 23 posts
Re: In Britain, the rich are richer but the poor far poorer than in Europe
#2Only 50 years ago the UK was to the left of Europe politically and joining was seen as a way to lock in right win ideas like free markets. Now we are quite far to the right of them.
Re: In Britain, the rich are richer but the poor far poorer than in Europe
#3House prices in the UK are ridiculous. The average house price outside of London is £245,128 [1] If I were to guess it's closer to £250k now. Rent is expensive too.
Our economy is a service based on economy but I don't see where all the good jobs are. They're in London. Not distributed across the UK.
I think people are getting poorer too. Wage inflation is non-existent.
[1] https://www.gov.uk/government/news/uk-house-price-index-for-...
Re: In Britain, the rich are richer but the poor far poorer than in Europe
#4House prices in the UK are ridiculous. The average house price outside of London is £245,128 [1] If I were to guess it's closer to £250k now. Rent is expensive too. Our economy is a service based on economy but I don't see where all the good jobs are. They're in London. Not distributed across the UK. I think people are getting poorer too. Wage inflation is non-existent. [1] https://www.gov.uk/government/news/uk-house…
Eh, same is happening in Portugal.
In fact now some people are starting to buy their second home in the country side, Lisbon is already fucked and now it's going on in the interior of the country.
Let's not forget that the EU has a long tail, a some countries are at the tip of it with cheap real state for some countries standards.
Re: In Britain, the rich are richer but the poor far poorer than in Europe
#5House prices in the UK are ridiculous. The average house price outside of London is £245,128 [1] If I were to guess it's closer to £250k now. Rent is expensive too. Our economy is a service based on economy but I don't see where all the good jobs are. They're in London. Not distributed across the UK. I think people are getting poorer too. Wage inflation is non-existent. [1] https://www.gov.uk/government/news/uk-house…
Eh, same is happening in Portugal. In fact now some people are starting to buy their second home in the country side, Lisbon is already fucked and now it's going on in the interior of the country. Let's not forget that the EU has a long tail, a some countries are at the tip of it with cheap real state for some countries standards.
The problem in portugal is purely a political and regulatory one.
On a 200k€ house you're paying roughly 50k€ on top for taxes and fees alone.
Re: In Britain, the rich are richer but the poor far poorer than in Europe
#6Earlier quoted context omitted.
Eh, same is happening in Portugal. In fact now some people are starting to buy their second home in the country side, Lisbon is already fucked and now it's going on in the interior of the country. Let's not forget that the EU has a long tail, a some countries are at the tip of it with cheap real state for some countries standards.
The problem in portugal is purely a political and regulatory one. On a 200k€ house you're paying roughly 50k€ on top for taxes and fees alone.
Is Spain better than Portugal for this?
Re: In Britain, the rich are richer but the poor far poorer than in Europe
#7House prices in the UK are ridiculous. The average house price outside of London is £245,128 [1] If I were to guess it's closer to £250k now. Rent is expensive too. Our economy is a service based on economy but I don't see where all the good jobs are. They're in London. Not distributed across the UK. I think people are getting poorer too. Wage inflation is non-existent. [1] https://www.gov.uk/government/news/uk-house…
It's the same everywhere.
Thank central banks.
Re: In Britain, the rich are richer but the poor far poorer than in Europe
#8For reference, the poorest quintile in the US earns 35k and the richest 230k (and the gap is widening), according to https://www.cbo.gov/publication/56575
Re: In Britain, the rich are richer but the poor far poorer than in Europe
#9Earlier quoted context omitted.
Eh, same is happening in Portugal. In fact now some people are starting to buy their second home in the country side, Lisbon is already fucked and now it's going on in the interior of the country. Let's not forget that the EU has a long tail, a some countries are at the tip of it with cheap real state for some countries standards.
The problem in portugal is purely a political and regulatory one. On a 200k€ house you're paying roughly 50k€ on top for taxes and fees alone.
I disagree, specially if you're looking at what you can get for 200k€.
Re: In Britain, the rich are richer but the poor far poorer than in Europe
#10Only 50 years ago the UK was to the left of Europe politically and joining was seen as a way to lock in right win ideas like free markets. Now we are quite far to the right of them.
Well at least Corbyn got his life long dream of getting out of EU. He was pushing the idea for what, 20 years?