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£500 per adult and £250
thats my next bike sorted
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Really, how much of the economy will get motoring when people are saving £15k in cash on their house purchases? Will they immediately go and spend it in WH Smith and Dixons?
Well, the richer people are, the smaller the percentage of their wealth that they actually 'spend', i.e. how they participate in the economy is that most of their wealth goes towards increasing their wealth.
The economy works by mutually beneficial exchange; the more only one side reaps a net benefit, the more the economy suffers, leading to the situation where the only thing people have left to give is their health.
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Really, how much of the economy will get motoring when people are saving £15k in cash on their house purchases? Will they immediately go and spend it in WH Smith and Dixons?
It’s not that, it’s to keep people moving when otherwise they might stay put. When people stop buying houses, house prices fall which makes a lot of people feel poorer so they stop spending. One thing I’ve learned over the years is that governments will do almost anything to stop house prices from falling in nominal terms.
Plus people who move house then often start spending on building work, decorating, new furniture...
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amey
Oliver Schick
brokenbetty
@deleted
If right, it's an incredibly unfair distribution. There was talk about stimulus cheques of £500 per adult and £250 per child which is a much fairer way to give away a load of cash.
Really, how much of the economy will get motoring when people are saving £15k in cash on their house purchases? Will they immediately go and spend it in WH Smith and Dixons?