The fall of the Tory party

Submarine?, sorry not sure of the context.

https://www.cosmopolitan.com/sex-love/a35048103/dom-sub-relationship/

Most of the older people I come across

One way to pay the bills I guess.

At this rate we’ll be back in the EU by Wednesday

Hunt seems to be pushing the line of supporting Truss now. I'd bet that's because he knows he's got all the power and influence as it is and if Truss goes he'll have to contest it.

I’d love it if he sells a return to the EU.

Fuck it I might even vote Tory if that was on offer.

I need to sit down

A granny who has 200k to spare would be foolish to put it in a savings account.
4% is pathetic compared to a decent mutual fund, even an index fund.

Fuck it I might even vote Tory if that was on offer.

I said this once, then I had blood in my stool for a week

even an index fund.

Not so sure about this one, based on the last year or so of market performances. Long term, yes. But not if you're relying on monthly, quarterly or annual payouts.

I know good few older folk who are cash rich and don't "trust" shares and investments, they just want a predictable safe return with little risk, so its bonds, isa's and savings accounts

https://twitter.com/exiled_sinners/status/1581592168644296704

Peston thinks we get Sunak, Mordaunt or Wallace and they have a way to achieve it without going to the members
https://twitter.com/Peston/status/1581621977067814913

She’s very risk averse this Granny.

Not even got a mobile phone.

they just want a predictable safe return with little risk, so its bonds, isa's and savings accounts

Ask them how their bond portfolios have performed this year then...

I hear secondary market gilts are doing well at the moment.

You are though. A savings account last year was getting you 1% or so. You can get 4% now. So if Granny has £200k she’s gone from £2k a year to £8k. That’ll cover your food and heating bill rises no bother, and she’s probably not out buying a new car or a clothes or whatever else.

The gap between interest and inflation is a problem if you are living off your capital.

Gangsta Granny has 200k from the sale of some jewels she happened to come into her possession. At todays prices she needs 10k/year to pay for blue rinses and Werther's Originals. If interest rates and inflation are both zero she will spend all her capital in 20 years. If she gets 4% interest but inflation is 10% she is out of sweets after 15 years.

Of course living longer than 15 years may be out of the question without some will timed medical interventions that were missed when granny couldn't get seen by her GP.

Plenty more of these for Sir Graham to read tomorrow I'd bet?

https://twitter.com/JamieWallisMP/status/1581700889102123009

Meh, you can sustain 4% real terms drawdown almost indefinitely. I suspect Granny will be OK with £8k pa plus state pension plus (presumably) a paid-off house.

This assumes of course that the concern is really about Granny not what inheritance the sprogs can get their hands on.

[Granny] should win the race and, as [she] crossed the finishing line, [her finances] should collapse in a heap of bits. If [her finances] didn't do that, [they were] built too strongly

Inheritance tax should be 100%; spend it all for the race, live laugh love

You make me look smart with the Colin Chapman quote.
100% agreed on IHT - dEaTh TaXeS sound pretty good to me.

Hunt statement at 11. Stealth lettuce tax.

Possible amendments to the energy subsidies for households. Clusterfuck.

Especially when it was her answer to any question asked

not to stick up for a #spitonfloor tory policy reversal or anything, but would means testing subsidies be bad?