Burstner price increase as from 15th October

[Jonno1103]

In February 2020 our base vehicle before all of the cost options was £46.471. Today that figure is £52.859.

 

[dash300]

Money is no longer printed; it is created electronically by QE, and it should not cause inflation, because it is intended to inject liquidity into the Banking system to enable business to increase production by supporting the current asset cycle. It cannot produce new working capital because, using the example of a business that starts with no debts and no cash, raw materials or stock has no working capital. If the business arranges an overdraft of £100 and draws it down, it will have liquidity but no working capital, because the Balance Sheet will show Current Assets as Cash £100 and Current Liabilities as Bank Overdraft £100, so still a zero Working Capital position.

If inflation occurs that cannot be attributed to other factors, then QE will have failed. The present inflationary pressures arise from reduced economic activity because of COVID, economic distortion following Brexit, and rapid increases in energy costs.

QE will taper off as the Monetary Policy Committee votes to increase interest rates, having satisfied itself that the Banks have passed the Stress Tests and possess sufficient liquidity to support its customers' borrowing needs. Andrew Bailey confirmed this week that the two latter criteria have been satisfied and the question is now about the timing of interest rate rises and the number of increases that will be needed.

Steve

You wouldn't happen to be my accountant by any chance!?

 

[CarlandMandy]

When we bought ours in late 2016 we visited the NEC and looked for an island bed. At the time there were very few and we considered a £70k plus price too high. We bought a 6 months old one for just under £60k a few days later.
Looking back I can not justify the £70 ceiling- we could have afforded more although it would have been a stretch. I think it was a mixture of feeling guilty that we could afford something our parents could never buy, and fear of spending so much. Looking at prices now, in hindsight, I would not hesitate to pay more if I felt it was value for money.
I now wonder if the reluctance was due a mixture of factors: our age (just retired), the most expensive one-off purchase we were ever likely to make, fear of it being a mistake, not wanting to move out of our financial comfort zone, never really being comfortable with long term debt (we regarded the house purchase as an asset that would increase in value). After discussing this thread with my wife we really can’t say exactly why.
Luckily we do not regret the decision, and have a sneaky schadenfreude (had to look that up) feeling now that prices are rising so much.

We are feeling a lots of those concerns now while looking for our first one, mixed with excitement of course.

 

[Jonno1103]

The problem is however:
It's 14 hrs on public transport to get from your home in the Western Highlands to London.

In 14hrs he could also be on a beach in Thailand! (and probably not cost a lot more)
Have you any idea what a £600,000 beach front property would look like in Thailand!

That is why £600,000 will buy you a 1 bed flat in outer London, or a palace in the Highlands or a Thailand.

Greater London could be a country in itself especially having a larger population than either Sweden, Greece or Portugal and probably a larger GDP.

 

[Brains]

Greater London could be a country in itself especially having a larger population than either Sweden, Greece or Portugal and probably a larger GDP.

If you include the City of London, then undoubtedly the GDP is higher, I think only Monaco, Singapore and Dubai are higher.

London, excluding the City, contributes close to £40 billion to the Chancellor.
The square mile of the City contributes around £460 billion to the Chancellor, (about 25% of the UK total)

As Sadiq Khan pointed out recently when the northern cities were complaining that London got the lion's share of the transport investments, that one single central London borough (not the City) made more money in business rates than the entire cities of Birmingham, Bristol, Leeds, Manchester, Nottingham and Sheffield combined!

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[Brains]

Price of our house in Harrogate has risen 40% since we bought it in 2015. Scary.

We are selling my father-in-laws house, it's gone up 1,500% since he bought it.

 

[gus-lopez]

Greater London could be a country in itself especially having a larger population than either Sweden, Greece or Portugal and probably a larger GDP.

Before the Cataluñans shot themselves in the foot declaring independence there gdp would have placed them 5th on the european list of countries above Austria.

As Sadiq Khan pointed out recently when the northern cities were complaining that London got the lion's share of the transport investments, that one single central London borough (not the City) made more money in business rates than the entire cities of Birmingham, Bristol, Leeds, Manchester, Nottingham and Sheffield combined!

All that proves is that business rates are extortionate as is anything allowed to be set by local councils .

 

[Brains]

Before the Cataluñans shot themselves in the foot declaring independence there gdp would have placed them 5th on the european list of countries above Austria.

All that proves is that business rates are extortionate as is anything allowed to be set by local councils .

Assuming that all business rates are set by local councils, they squeeze the stone as dry as they can, therefore it's only relative.

One assumes all the other cities are not less rapacious.
It just proves that the businesses in the London Borough of Westminster make more money than the entire cities of Birmingham, Bristol, Leeds, Manchester, Nottingham and Sheffield combined.

The City of London (all one square mile of it) makes more money that all the other cities of Britain combined (however you measure it).
It's working population, of around one million, pay around 70% of the all the personal tax paid by the other 60 million in the UK combined.

Therefore should the City, or London, or the South East, or even the entire south of England decide to declare independence from the rest of the UK, then it's the rest of the UK that will need to worry.

 

[Coolcats]

Assuming that all business rates are set by local councils, they squeeze the stone as dry as they can, therefore it's only relative.

One assumes all the other cities are not less rapacious.
It just proves that the businesses in the London Borough of Westminster make more money than the entire cities of Birmingham, Bristol, Leeds, Manchester, Nottingham and Sheffield combined.

The City of London (all one square mile of it) makes more money that all the other cities of Britain combined (however you measure it).
It's working population, of around one million, pay around 70% of the all the personal tax paid by the other 60 million in the UK combined.

Therefore should the City, or London, or the South East, or even the entire south of England decide to declare independence from the rest of the UK, then it's the rest of the UK that will need to worry.

I suspect that more Tax could be squeezed out if tax efficient schemes we’re not available. Then there is Docklands….