@SebMilbank I believe that it’s about 37% in RBKC - it took me 20 years to afford to move back there!
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The Secret VC
2.8K posts
The Secret VC
@SecretVC2
New semi-anonymous profile - GP at an early stage venture fund
London Katılım Kasım 2022
508 Takip Edilen136 Takipçiler
Some local thoughts follow...So I'm reading up on my local elections, having recently moved to the area, and I'm learning that my borough (Lambeth), has one of the biggest waiting lists for council housing in London... 🧵
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@annavanpraagh It’s remarkable that the teachers are prepared to give up their weekends to help their pupils succeed!
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I’m finding the horrified reactions to this letter from the ‘be kind’ brigade revealing. Michaela gets extraordinary results for a deprived cohort, which should be applauded. What’s kinder, allowing kids to flounder, or being honest about what success entails, and demanding pupils make sacrifices to achieve the best outcomes they possibly can
Tom HB@hb_history
🚨 A letter to Year 11 families at Michaela Community School states that children who do not attend weekend and holiday revision sessions will “spend time in Referral” They must also attend in full school uniform
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@ArmchairAdml I spoke to a few of them, they all claimed to be “soldiers”
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There seems to be this assumption that because Ukraine is at war and is receiving military aid, that every single Ukrainian must be dirt poor.
Obviously Ukraine has a wealthy class of people, as every country does. And some of them will take their possessions and flee for the duration of the war, because they can afford to.
It’s wrong. They should stay and help defend their country, but it’s isn’t some big money laundering conspiracy that it’s made out to be.
Just rich people running away from conscription.
London HENRY 💷@londonHenryGB
Just come back from Tenerife, the amount of Ukrainians decked in gold chains and £100,000 watches was insane, we are being drained.
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@SebMilbank @Madz_Grant Check out some of the council home swap FB pages - they are wild!
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What struck me is how we are living in two totally different worlds, even when only living feet apart. There's a Britain, a London, that lives entirely within the belly of the state, and another for whom it barely exists except as an extractrive force.
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The European Commission literally just dropped a research on how to collect more taxes without making you angry enough to leave.
TLDR: higher wealth taxes, inheritance taxes + exit tax is coming
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@SecretVC2 @trevgoes4th It costs me £500 a year to get the gutters cleaned in London
If it doesn’t happen the drains block
I hope the kids enjoy home ownership
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If you can’t afford an unexpected £4000 bill you shouldn’t own a house
You are a non viable home owner and should return to renting or living with parents
John & Margaret@ukboomers
If you can’t afford a rent increase from £1,271 to £1,500, you shouldn’t be renting.🇬🇧
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The Secret VC retweetledi
@Consumer4You @mr_james_c Yes as opposed to having a 3 year security of tenure
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@SecretVC2 @mr_james_c Now they need to give you four months notice.
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If you sign a 1 year lease on a rental property, once that year expires the lease comes to an end.
That is what a "no fault eviction" is. You morons made that illegal.
Stephen Morgan MP@StephenMorganMP
Labour's Renters' Right Act is protecting millions of renters across England. Here's what it means for you: ✅ No more bidding wars. It will be illegal to request, encourage or accept offers above the set price. ✅ Landlords will not be allowed to ask for more than one month’s rent upfront. ✅ No more “no-fault” evictions. All evictions will require valid grounds. ✅ An end to fixed term tenancies. All tenancies will default to being a monthly rolling contract. ✅ More rights for your pets. Landlords must consider pet requests fairly. ✅ Landlords will have to give at least four months notice when ending a tenancy to sell.
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@poolhayes93 @fergustp @spamalotcamelot @MerrynSW So what you’re saying is people with more money than you shouldn’t be allowed to keep it….
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@fergustp @SecretVC2 @spamalotcamelot @MerrynSW This is a great example of 'wealth' taxes being applied incorrectly and inappropriately. Farmers working the land and producing goods should not be stung like this. Whereas people with hundreds of millions of assets should not be able to expect to keep them forever more.
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Extraordinary thing here is only partly his total confusion about how income tax and IHT work plus utter ignorance of the trust system. Main bit that threw me is that he doesn't know how NI works. And thinks he has paid way more tax than he has. How does this happen?
Proper Memes 〓〓@Proper_Memes
Gary doesn't even understand the basics of taxation, like income tax vs inheritance tax or corporate tax vs consumption tax.
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@JohnRadoux @Madz_Grant @StephenMorganMP And I check RightMove at least every week because I still feel like I should buy!
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@SecretVC2 @Madz_Grant @StephenMorganMP I’m not judging people who rent, I rent, but clearly many people who rent would prefer to buy.
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Labour's Renters' Right Act is protecting millions of renters across England.
Here's what it means for you:
✅ No more bidding wars. It will be illegal to request, encourage or accept offers above the set price.
✅ Landlords will not be allowed to ask for more than one month’s rent upfront.
✅ No more “no-fault” evictions. All evictions will require valid grounds.
✅ An end to fixed term tenancies. All tenancies will default to being a monthly rolling contract.
✅ More rights for your pets. Landlords must consider pet requests fairly.
✅ Landlords will have to give at least four months notice when ending a tenancy to sell.
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@JohnRadoux @Madz_Grant @StephenMorganMP You should judge renters…as smarter and more flexible and not in need of the only serious leverage middle classes can access (mortgage) - anyone who bought in London/SE since 2014 is going to be in negative equity…
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The Secret VC retweetledi
Having sought the advice of Labour councillors on where he would be best placed to help their local election efforts Keir Starmer arrives in Armenia.
Breaking911@Breaking911
UK Prime Minister Keir Starmer has arrived in Armenia ahead of the European Political Summit in Yerevan, the country’s capital.
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@JohnRadoux @Madz_Grant @StephenMorganMP You know some of us much prefer to be “stuck renting” even though we can afford to buy
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@Madz_Grant @StephenMorganMP Surely if all landlords sell, that will reduce the price of property and more people currently stuck renting can buy?
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@poolhayes93 @MerrynSW Learning to speak properly in a professional context is part of an education - you can use the local patois when you return home at the weekend
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@SecretVC2 @MerrynSW Quite right, poor people have an obligation to adapt their accent once they earn more money and join the middle class
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@poolhayes93 @spamalotcamelot @MerrynSW The problem is that the bulk of the wealth is in illiquid assets like property and land that don’t cash flow and are impossible to sell off 6% at a time. Other people not being able to afford their lives is a separate isssue entirely.
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@SecretVC2 @spamalotcamelot @MerrynSW Define 'major' in this context. Do people have to sell assets i.e. exactly what Gary is arguing for? And is that 'major' problem as big a problem as not being able to afford rent, heating and food?
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