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Post by omegal on Dec 12, 2023 10:57:16 GMT 1
The Thatcher witch has/had a lot to answer for. I fully agree with you. But I did make an insane amount of coin during that period. Well for those that did make money, many more went out of business, including a Nephew of mine with a sheet metal works company who was a Tory voter until her beliefs where her boom and bust method which caused severe recessions affected his business and under it went. I managed to get our small company through the worst of times but in the end we decided Tory Britain was not for us.
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Aardvark
Non-gamer
Living in soggy 22 and still wondering what's going on.
Posts: 2,172
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Post by Aardvark on Dec 12, 2023 11:28:52 GMT 1
People who ran businesses had not only their own survival to worry about but also carried that of their employees. Hats off to anyone who actually did well in those times. I never recovered and wasn't enoying life much until I discovered France much later.
I remember every Friday there was a snippet on the 6 o'clock news when they announced the number of businesses that had folded that week.
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Post by spectrum on Dec 12, 2023 12:11:15 GMT 1
Also the number of times the interest rate went up, I think it peaked at 15+% not happy days for us at least.
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Post by jeliecrack on Dec 12, 2023 13:58:03 GMT 1
18% my mortgage.Luckly we didn't have children at that time and both of us were working.
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Post by annabellespapa on Dec 12, 2023 14:00:10 GMT 1
Well done Mysty for getting people talking again.
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Post by glazedallover on Dec 12, 2023 15:24:01 GMT 1
Well done Mysty for getting people talking again. he's upset a little bit smeg which is always worth it......
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mysty
Member
Posts: 1,295
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Post by mysty on Dec 12, 2023 15:32:01 GMT 1
Well done Mysty for getting people talking again. he's upset a little bit smeg which is always worth it...... Before you accuse me of false aligations (spelt wrong) I need to see proof Smeg is that not a machine supplier anyway after hiring a private investigator and my previous time in the SAS I could find no other thread on any forum worldwide that has the exact same text, there is another one similar but there are a couple of differences.
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curtis
Member
Charente Maritime
Posts: 474
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Post by curtis on Dec 12, 2023 15:40:27 GMT 1
Also the number of times the interest rate went up, I think it peaked at 15+% not happy days for us at least. Great interest rates for investments though. I was lucky as my mortgage was fixed 2% at that time. There was also a great scheme that you could elect to buy shares in the Bank (Lloyds) and they were bought for you on that day and you paid back each month over four years. There was a new offer each year. At that time the price of the shares rose very well each year. You could sell at the end of each four year period. I bought our first house in France with the profits (untaxed) on that investment. Of course everyone was affected differently, it's just that that period was excellent for us. I did Motorsport and wedding photograhy at the weekends and that helped to finance my racing. Very happy times indeed.
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mysty
Member
Posts: 1,295
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Post by mysty on Dec 12, 2023 18:53:57 GMT 1
Well done Mysty for getting people talking again. You do not need to be very smart to start a thread
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Post by annabellespapa on Dec 12, 2023 19:44:39 GMT 1
Well done Mysty for getting people talking again. You do not need to be very smart to start a thread I can't even post pictures
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mysty
Member
Posts: 1,295
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Post by mysty on Dec 12, 2023 20:10:54 GMT 1
You do not need to be very smart to start a thread I can't even post pictures It is harder to post a picture than start a thread.😂
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Aardvark
Non-gamer
Living in soggy 22 and still wondering what's going on.
Posts: 2,172
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Post by Aardvark on Dec 12, 2023 20:29:46 GMT 1
I can't post a picture because I would first need to open some sort of account with a photo posting entity "in the cloud". Stuff that.
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Post by lapourtaider on Dec 12, 2023 20:48:42 GMT 1
I can't post a picture because I would first need to open some sort of account with a photo posting entity "in the cloud". Stuff that. No you don't. If they are on your computer you can post direct from that folder.
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Post by spectrum on Dec 13, 2023 7:55:08 GMT 1
Also the number of times the interest rate went up, I think it peaked at 15+% not happy days for us at least. Great interest rates for investments though. I was lucky as my mortgage was fixed 2% at that time. There was also a great scheme that you could elect to buy shares in the Bank (Lloyds) and they were bought for you on that day and you paid back each month over four years. There was a new offer each year. At that time the price of the shares rose very well each year. You could sell at the end of each four year period. I bought our first house in France with the profits (untaxed) on that investment. Of course everyone was affected differently, it's just that that period was excellent for us. I did Motorsport and wedding photograhy at the weekends and that helped to finance my racing. Very happy times indeed.
You was lucky as we had bought a semi derelict house and land, main stream lenders in those days wouldn't touch us, we ended up at 22% and lost the house, but we dug in deep and started all over again. I used to marshal on the RAC rallies and took part in a fair bit of Hill climbing, all I could afford.
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Post by cernunnos on Dec 13, 2023 10:18:54 GMT 1
I have never regretted moving out of England , it was an eye and mind opener . Having lived more than 50 years ouside of the UK, the move to France 33 years ago was probably the best thing I have done in my life and of course don't regret it.
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