Showing posts from 2012

A Very Special Birthday...

Thanks to the lovely folk at "Broken of Britain" and a severe inability to sleep due to money worries, I have discovered that it has been exactly five years since the beginning of the Credit Crunch. And where are we?

Pay freezes which have lasted 4 years (and are essentially pay cuts when you account for inflation), spiralling debts (and that's just the government), increases in electricity, gas, transport, car insurance, car tax, food, water rates, Council Tax. And that is only the half of it. Here, The Guardian details where the 25 most influential people of the financial crisis are today. From politicians who ignored the problem, to speculators and bank bosses who caused the problem, to CEOs of mortgage firms who loaned to Ninjas (that's No Income No Job ApplicantS). And where are they? A few notable mentions are "Hank" Greenberg of AIG who is now advising the Ultra Wealthy on how to invest. Fred "the Shred" who is leading a quiet and comfortab…

Libor Libor Pants on Fire

Credit is like a drug. In fact, it's like a few drugs.

You start with something soft, like an overdraft, interest free for the duration of your student years. Then you move onto a credit card, the thrill of spending money that isn't yours on the never-never too tempting to pass up. Then a consolidation loan, just enough to free up some cash month to month. Next you get a Mortgage, it's worth it, you've got a house and one day it might make you a profit! Finally there's equity release, not a loan so much as a way to decimate the lovely profit that your house has just made.

You might as well be sat in a gutter, belt around your forearm trying to find a vein - please, just one more hit, one more grand, one more loan. And that's when the real pushers come in. and their ilk have become the loan sharks of the 2010s. There was a time when anything more than 30%APR was considered extortionate, now when you look at those ads, you see upwards of 1000%APR justi…

More Banking Nonsense

It's been a long while since I've posted, but the past two weeks have really been infuriating me. I went to the bank about a month ago and agreed a strategy to get myself out of debt.

The first month was shaky, we had a hen night, wedding, gig, Jubilee and trip to Cambridgeshire so it was destined to be an expensive one. So I went back to my lovely personal banker who looked at me without judgement and said, ok, let's try a different tactic. I now have a spending account into which money goes on payday, and that is all I have to spend for the month. I also have a savings account to raise money for treats, wedding and eventually my overdraft.

Feeling very proud of myself, Nick and I have since booked a holiday and made a strict pledge to save up money for the flights and spends by September (thanks Mum and Dad for paying for it and for letting us just pay for the flights and not the accommodation).

Nickie and I are doing everything we can to raise the £600.00 each (£300.00 …

What Seriously?

UK Citizens to Cameron & Clegg... "That's ANOTHER fine mess you've gotten us into!"

The story of the week has to be the cap on tax relief for Charitable Donations...

Feeling genuinely sick at the prospect of cancer charities and children's charities and LGBT charities losing out on money because these pricks are so determined to avoid a return to the 50p tax!

The people this will hurt are LITERALLY (and I really mean that), the most vulnerable in society. The Manchester Children's Hospital, Age UK, The British Heart Foundation, Cancer Research - will ALL miss out (not to mention the rest), because of this bungled, muddled together legislation. In my opinion (and this is only my opinion), if celebrities and rich people want to give large amounts of money to charity as a way of LEGALLY avoiding paying tax, that's absolutely fine. I'm happy for them to keep their tax as long as they are saving children, protecting the most vulnerable and assisting in…

So What Now?

Thanks for all the feedback on my last post! Knowing that others feel the same way made me feel incredibly humbled and though I don't seek to speak for anybody other than myself, it was reassuring that I'm not going mad!
For a while now, I've felt like a big change is coming, like something's going to happen. I don't know what that might be, but I know I want to be a part of it. Imagine people, members of the public, all classes coming together for a common purpose.
I'm not talking anarchy, or the dissolution of the government, or a move towards a socialist Britain, or abandoning capitalism. I'm talking about 6 million people quietly stating that the status quo is unfair. So what do the people want? I can't speak for everybody, but my requests are simple and small.
1) Take the tax burden away from the most vulnerable (the elderly) and put it on the wealthiest by bringing back the 50p tax. 2) Reduce duty on petrol to allow members of the general public to mo…

Time for a British Spring?

I've just had my Dad round to do a DIY job (I'm one of those non-manual lesbians!) and after he re-hung the towel rail that I broke about six months ago, we got to chatting as we do (I inherited my soapbox from him) and the conversation turned to politics. This is a volatile subject for anyone in these difficult times but for me and Dad it just seems to set us off. He has been lied to and lied to and lied to through his whole life by a series of never-ending and seemingly never changing political parties - but whereas in the old days you could live in hope for the next general election, today I swear we have one guy who keeps changing his tie - red, blue, yellow... What he said next scared me.

"I've NEVER seen it this bad"
And why did that scare me?
My Dad is in his 50s, and in his lifetime, he has been through the 3 day week (1970-74), the Winter of Discontent (1978-79), the Introduction of the Poll Tax (1989-91), the Early Nineties Recession (1990-93),  and the …

Edwina Currie doesn't live in the real world

I know this is a couple of days ago now, but I've been stewing about it since and dying to get something down on my blog!

Edwina Currie took part in a Radio 5 Live Breakfast show, during which she reduced a mother of two to tears. This woman who has previously claimed that she had great difficulty believing that people in Britain were starving, stating "Are you telling me people in this country are going hungry? Seriously? Seriously?"

I was very lucky to have my partner and family around when I was off work who supported me and kept me fed and in a home. Others are not so fortunate. The woman in question whom Edwina reduced to tears was working as was her husband. She fell pregnant and went on maternity leave - then her husband was made redundant from his full time job. All of a sudden their meagre savings dwindled and they were left in arrears for Council Tax and their mortgage. Now a year or so later, the woman is working two part time jobs and her husband has managed t…


Anyone who knows me or reads my Facebook will know that I am now officially saving for my wedding... Actually, that's not strictly true at the moment... I have to sort out a few of my bills for the next couple of months, so at the moment, I'm just trying to reign myself in so that come March I will have money to save. The downside to this is that we are not going to Maspalomas Pride in May, which was quite a special one as it represents somewhat of an anniversary for me and Nick (we barely knew each other when we booked it, and had a magical time!) The upside is that if we can save £100.00/month each, we can afford our dream wedding in March 2014... Hopefully on or around our anniversary which is the 4th. This is the first real thing I've every saved for - everything else has been NOW NOW NOW, credit cards, overdrafts, loans. I am determined that 2012 will be the year of my financial awakening - I've had an epiphany (thanks to my Uncle Cliff who had very wise and six m…