The fall of the Tory party

Announcement by the paper? Or just your judgement?

They are heading in a Reform direction along with the newly radicalised Robert Jenrick who has had a haircut and some Ozempic and wants to be Fuhrer.

What about Charities?

Apparently she wants sunak to own the election defeat first.

Riddell on top of his game today:

Beautiful! 30p Lee the working class Tory, Slugs in favour of salt 👌

https://www.bbc.co.uk/news/uk-england-norfolk-68133873

I call bullshit

Come on, give the guy a break - how can anyone possibly afford £2k mortgage on £120k/year plus expenses

It's probably got enough truth in it. Some overextended mortgage that has shot up with the rise in rates.

There are limits on second jobs if you're a minister so it looks like he's got some lucrative second job lined up for after he quits as a minister.

oops.

1 Attachment

They aren’t much use at this politics lark are they

The dumb fuck married a lawyer, then treated her so badly she divorced him.
Alimony, a couple of kids in private education, mortgaged to the hilt ....

There is previous: https://en.wikipedia.org/wiki/Grey_Gowrie

Thoughts and prayers are with the minister who feels negatively impacted by his own governments policies despite being inside the top 1.5% of salaries

I'm curious to see what he does next.

Precisely my thoughts on reading that article.

It's probably got enough truth in it.

Come on...

£800 p/m to £2000 p/m seems a bit of a stretch?

Not really, I have friends who're swallowing similar, on a fraction of his coin.

Take a real example. Monthly repayments on a mortgage of £225,562, with a 25-year term, and an interest rate of 0.5% are £800.

To increase repayments to £2,000 per month, the interest rate would need to increase to 9.69%.

In other words, this didn't happen.

It will be an interest only mortgage.

25 years, £500k at 2% - £834
25 years, £500k at 5% - £2085

This. He's overextended on a fat pad somewhere on the never never and now the bank are forcing a change to repayment.

Gutted for the guy.

Good point. I hadn't thought of this, mainly because my brain denies the idea of interest-only mortgages!

Someone who doesn't do a basic sensitivity analysis on the affordability of their mortgage probably shouldn't be in government in any event.

Fair play to the guy. He took Jake Berry's advice 😉

Joking aside, it highlights a fundamental point about where we now are. Idgaf about his woes, but you're talking about almost £15k p/a extra that he has to find out of a post tax income of ~£75k.

That is a huge amount - whole or as a %.

It speaks volumes about Tory rule, that they've created economic conditions so that even the well paid are now struggling to manage mortgages.

The poor chap probably can't even max out his ISA let alone topping up the kids one!

The term is irrelevant for an interest-only mortgage.