The UK Government Can't Pay Their Mortgage
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- Опубликовано: 30 янв 2024
- A UK Government Minister has quit his job because he can't afford to pay his mortgage.
As inflation and the mortgage crisis continue hitting the UK, a Government Minister on a £118,300 salary has said that it's not enough to pay for his mortgage which increased from £800 to £2,000.
Rishi Sunak and Jeremy Hunt are doing nothing to solve the mortgage problem or turn the economy around as it keeps getting worse.
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A 2 bed rental flat in outer London is £2,000 per month. An experienced MP can't afford this on £118k but governs us!! God help us if the rest of the government are like this ... and they are; all of them are detached from reality.
It’s not £2k. Nearer £1.5k in outer London. Nonetheless your point holds true
can't blame politicians really, they have kids going to public school, a yacht, dines on caviar etc. A pleb on the other hand, why would you need so much, a loaf of bread for the day should be more than enough!.
He was the science minister,not the money minister.Covid inquiry????
And why can’t he move to a cheaper property??? I wonder
And the below average earner is supposed to afford this.
So he basically sees being a minister as a 70hr a week job but just being an MP for £80k is a 0hr a week job? His constituents need to get rid
No, what he is saying is that MPs need another 10% pay rise increase inline with inflation whilst everyone else gets nothing or 1.5% max. They do it every year.
The sheep will either vote red or blue thinking there vote makes a difference when in reality the politics already decided with these two main parties. The public are just voting in a pantomime until they wake up....otherwise same ole same ole.
You have an elected dictatorship, good luck
I get paid around the basic MP rate
I don’t drive a Ferrari and have never had a fancy package holiday either
And I work more hours per week than that guy ever did ! And I haven’t had a pay rise for 6 years
The UK political system needs some changes, as the MP should do more for the people in his constituency and seeks to find a solution to this terrible problem of mortgage payment for the 90% of Britons.
The higher ups in UK government does not have the priority of Britons, as they choose to divert valuable financial resources to Ukraine, instead of helping Britons. We need to change this system of government.
@@pauls3204My heart bleeds for you 😂
You sound like that old lady with a joint of ham in her arm complaining that she's got no bread.
It's not negligence, it doesn't reek of apathy or incompetence... It reeks of corruption
True, Since 2010 MP's salary has increased by nearly 32% which funnily enough is nearly the increase asked for by doctors the MP's insist cannot be afforded, time that was pointed out every time MP's repeat that.
problem is the whole sytem is that
There's a reason they don't teach any deep history in school.
The English aristocracy has always despised the British indigenous and Irish indigenous people
Got out before being found out❓ OH BOO HOO ! 😭 You REAP what you SOW !
IT'S IN THE KOORAN 😂
Corruption is how the current Tory party do business, there must be a general election as soon as possible
We're going to need a smaller violin at this rate!
Absolutely brilliant comment!
I can’t play it, my heart’s bleeding too much.
🎻 🤭
Nano Violins
The British violin can no longer be heard, because it is so muted, because your country is diminishing, day, by day. Good.
MP's should be barred from second jobs
and have pay directly linked to minimum wage 3x minimum or the like so if they want more pay the country has to be doing well enough to bring everyone up.
Basically. I work 40 hours and would have very little capacity taking on a 2nd job. I don't understand how MPs can easily do it 😂
@@larrygerry985No highly successful person works only 40 hours a week you need to up your game rather than moan about people who do
I don't consider working 70 hrs a week successful.
Make them complete timesheets to prove they are spending 40 hours a week on being an MP. Then after that they can get a second job.
'I've decided I can make more money as a back-bench MP on the take than as a front-bench MP on the take - as being back-bench gives me more take-time.' Jesus.Christ.......
actually he's in cabinet, or was, it's about £80k for 'normal' ministers
100% this.
It's not really about affordability. He worked out doing less can make more.
best summary
Well if maybe he stopped having avocado on toast he could afford his 2k mortgage payments on his 100k ministerial salary! 😂
Don't forget the netflix subscription
He just needs a new Kettle
Think the avocado on toast is at the taxpayer's expense though expenses ...
An elected person unable to manage their finances? Good luck UK plc! 😂😂😂😂
Needs to make coffee at home too!
And people say those in receipt of benefits are the worst who "sponge off the government". Nah, that's the politicians themselves. 😆
One thing people always leave out when discussing MP's 'salaries' - The subsidies and expenses they get, so their real salary is higher...
Much, much higher
Fine dining restaurants at canteen prices, cheap bar prices because there’s not tax on alcoholic drinks in Parliament.
dont forget all those backhanders too LOL
@@alp8409exactly. I went to a meeting at Parliament and their canteen is heavily subsidised. It was like going to a food hall.
This is a great example that shows we have politicians that make terrible decisions, when they cant even manage their own finances and personal relationships.
he can’t even sign on for UC poverty benefit because he made himself unemployed.
His salary is £6k a month NET. Why can't he afford £2k a month mortgage?
Bad divorce with kids in private school
Child support payments
Probably because he has multiple mortgages on multiple homes hes just being disingenuous as they all are saying hes only got 1
rent boy fees
@@summerjunk929 memories of lord sewel
More than likely the minister on 118k has overstretched himself and is in debt! Anyone not being able to pay a mortgage of £2000pm definitely has finance issues! Either mismanages his money or overspends! I can't believe they are unable to find 2000k a month on that kind of salary. They normally have more than one job anyway! Problem is that the more you have leads to ultimate greed!
The idea of having a 99% mortgage is simply crazy! People will be digging themselves into a debt hole! The govt will continue with the Davos agenda and entrap people so that eventually they will have to relinquish their homes! A neat trick - you will own nothing and be happy. In reality you own nothing anyway with a ridiculous 99% mortgage. Noone owns their home until they've paid it off! What a scam! Remortgaging is a ponzi scheme the banksters love to engage in!
And even then you don’t really own it. See what’s happens if you stop paying council tax, you go to jail and the state takes your house.
@@user-el2dn4zz3d Yes, you are right. Nobody actually owns their house, it's just their turn. If you aren't married, and you die, the state has first grabs on your estate and if it isn't enough it will be sold by legal force. Its not yours, its just your turn.
2000k? you mean 2k or £2000 I hope 😃
As a soon to be first time buyer none of these things are nice to read.... in my situation things are so bad that being able to barely afford a brand new 1 bedroom flat is an immense luxury --- was thinking that this morning n I stopped n told myself naaah it shouldn't be this way man... at a stage where whatever I saved for a deposit doesn't matter too much cause I won't be borrowed the rest 😢
@Nakx95 always options in cheaper local or national areas for more value for money. If someone is unable to compromise its a straightforward cash issue unfortunately. Some nice areas of the UK are half the price or less than others.
Never forget what they did to the country and economy during the pandemic.
Young people have had their prospects ruined by another manufactured crisis.
100% Never forgive; never forget what they did.
That's exaxtly what it was - manufactured - but still people can't see the wood for the trees ! Britain really is done for !
@jamesbarbour8400 They destroyed good businesses, destroyed good people, destroyed children, destroyed trust completely, tore up human rights, and caused more deaths by actions than even they claimed to have saved.
It's not that they dont realize the ridiculousness, they simply do not give a sh*t.
Sometimes.. I do look at france and appreciate they will protest against their goverment, while we watch ours and let them become richer from our suffering
What I find are is in France farmers can protest over the price of diesel and everyone supports them whereas in the UK, we can protest the burning of diesel and apparently they’re all criminals. But in both cases city roads come to a standstill. I wonder how the French ambulances get their patients to French hospitals?!
The MSM are in charge in The UK. The protesters in France have turned off the MSM. That liberates them.
Well said sasha. Great video👍
Thanks!
Let's not forget he can also claim a small fortune in expenses that the average worker cannot.
Oh the irony .... what a load of crock.
The UK is a mess people have been saying £40-50K a year is well off for about 20 years. While the price of everything more than the basics are up hugely
£100K a year is about the minimum you need especially as a couple these days. If your younger living with parents it's not applicable to you.
Show me how you can be anything except poor in the south on the numbers we're lead to believe are middle class. It's impossible
Rubbish
True. But the working class continue to vote against their own interests by electing the rich to enrich themselves even more. Why?
@@brandon_youtube Its so true... Its baffling? Its bizarre... its like they all turn out to vote to say.. please stamp on my head some more? It makes no sense... the voter has lost there mind? NONE OF THE ABOVE!
@@HarleyN93 The sums are pretty obvious when you go through average monthly outgoings
@@topboychris104 thought you was trying to justify the man in video not down south in crazy town
If they genuinely can't pay their own mortgage then will they finally admit that their policies going back two decades have even put them in the same boat as everyone else?
I noticed during PMQ's Rishi kept referring to his "average mortgage" of £140,000, i would like to know how many derelict northern houses with no local economy are included for £140 000 to be his average, cause down in the south east the average is nowhere near 140,000 unless you want a caravan with a decking
Houses in the north are a lot cheaper and the average is currently between 280k to 300k. Take off the deposit from that and assuming people on average are about halfway through paying their mortage and you would get close to 140k
Fyi 140k up north buys you a dump, a 2 bed in a crap area or something that needs a full reno. People need to understand houses ARE NOT CHEAP UP NORTH. I am sick of this now.
North East maybe but the rest of “the north” is no where near that.
If you want a 3 bed house in Newcastle in an ok area you'll need at least £250k. It's not that cheap anymore.
If you look at Lancashire Life magazine you won't find sizeable houses for that price at all. Some are going for over 1m and more! It probably is the same in Cumbria and Yorkshire!
One of my mates had to leave his grade 7 civil service job because he started making a couple of hundred a week livestreaming on an evening. Makes you sick that MPs with so much more influence can hold as many jobs as they fancy.
Did they not let him keep his job at the same time?
Jesus Christ. My rent is £1250/month and I only earn a little over £2000/month after taxes!
Try living on that, George!
They should only get the average wage of someone in their constituency plus a capped amount of travel expenses per year.
@@jminsh463that wouldn't work.
I feel your pain.
@jminsh463 who would do it then?
@@One-tw5nw people who want to make a difference in politics or those currently earning less than that? For it to be average there is a bunch of people earning less and a bunch earning more unless everyone randomly earns the exact same.
Perhaps I'm wrong but the solutions set in place by the UK government appear to me to be designed to look as though they are to help the people, whilst actually being designed solely with the intention of ensuring we work and pay tax until we kick the bucket, retire not in my lifetime, the term indentured servitude comes to mind 🤔
Who fell for it? 👶🫵
Food Safety Act, Levelling 'Up', Keeping 'You' Safe, Modern Slavery Act 2015, Northern Powerhouse etc.
Spot on
His blog outlined he was sick of being a minister. He could probably earn more in the private sector.
Basically, he can afford it. But, he doesn't want too.
Or a Coke problem. I know fishermen who are broke because of a coke problem. I am not talking about coca cola.
Take home pay is over 6k (excluding MP perks). It is more of a case that his spending is out of control
Definitely major spending problems or he's in a stupid amount of debt. Even with a mortgage of 2k he'd still be left with more than enough to live comfortably on.
If he has an ex wife and kids he may well lose 40% of his salary to them since that’s what the CMS is allowed to take so she might be getting 2k of his take home, people don’t realise how unfair it is in this country
You’re the best ,keep going man,love your videos
Well said, mate. Cheers.
I wish good luck to everyone in UK
We are fucked. Most of us are desperate to leave!
We have a self-interest government hellbent on privatising the NHS avoiding getting caught for all Covid money, they gave to their VIP mates let the water companies pollute all the rivers. Let the energy companies charge twice as much retail as wholesale and build a HS2 line to nowhere all at taxpayer expense.
I wish competent leadership for The UK.
Unfortunately the mainstream media ( especially Murdoch ) wishes inept clowns upon The UK.
We’re going to need it!!
Circling the drain!
Help. Please help us.
Brilliant, Sasha! Just brilliant! 👏👏👏
Thank you!
@@SashaYanshin Does You Tube have an award for the most accurate description of our so called Honorable politicians that run this County? No? OK I've just invented such an award.. and it goes to Sasha Yanshin? Additional Bonus for skillful delivery. I am no economist, i am no financial whiz by any stretch of the imagination but such calculations have been buzzing around in my head for years!!!! Bravo Sasha, you carved it up, dissected it and then nailed it down with amour piercing bullets, GOLDEN!... These politicians are bringing this country to its knees while they spit in everyone's face with a smile..
Sasha I think I’m some sort of numbers guy and on that basis massive respect for the first chart. Pictures are worth a 100 BS!!!
I’m honestly nearly at the point of giving up. I work all hours I can do all the overtime I can but I can barely provide for my family any more. I just don’t understand we don’t go out. We don’t buy clothes every month all we do is exist. We’ve cut everything to the bone I just feel as a bloke like a failure now
I hope/pray for a positive change in your situation. But don't, however hard this seems, feel like a failure. Talk to some mates and see if you can find a creative solution.
Social mobility in the UK stagnated a while back. You didn't vote for that, likely you didn't cause it. Right now you are a victim of it - but you'll find a way thru it. All the best to you and your family.
Hi Ali, your doing a great job to keep a roof over their head. A lot of men just walkout on their family. I'm proud your out their fighting everyday.
Your not a failure mate, keep going
Times are rough, it won't last forever though. Shit was bad in the late 70s, early 90s too but those people made it out of that. Just gotta keep positive.
Wow, extremely well put!
I wish I could like this video a million times. Well said Sir.
🙏
@@SashaYanshin Award winning!
Brilliant analysis as always Sasha
Top notch content + info, keep it up. *"tips hat"*
Spot on! Keep up the good work 💪
Top!
Appriciate your effort and simple language that (unfortunately) is still not understood by many... :/
An enjoyable rant, on subject and fact filled 👏
Amazing info. Thank you Sasha
Beautifully put Sasha!
Brilliant. Again.
Thank you for sharing your passion for seeking out reality and truth. We need you.
Had me laughing out loud from 10:12
Good lighting
Well done you made My day.
I heard a city in the UK went bankrupt.
First time I ever heard something like that
Six. Councils have gone bankrupt so far and the government had to dispense an emergency loan last week of over half a billion pounds to keep more afloat.
Birmingham?
"we will crush the middle class between the millstone of inflation & taxation" so said, V.Lenin folks 😀
Let the truth be known. Thanks, Sasha!
Infuriating!
Totally agree! There are many struggling on much less than £118k per year and with similar mortgage payments. £118k per year isn’t struggling!!
Go sasha!
We love you ❤
🙏 Love you too!
House prices in the UK need to fall by 50%.
The currency is falling by 50%, because it needs to call to allow the government to keep borrowing.
Thanks, another eye-opener
I have a lot of sympathy for him, and the thousands of others in a similar situation.
He could try Airbnb, or get some lodgers to help with the bills.
Having an IQ of about 70 must be a real burden.
And it seems to be the average for an MP.
Here's an idea, how about selling the house, and buying a flat.
Problem solved.
Ya well, the pain is just getting started. Unfortunately, It's gonna get a whole lot worse
These people 🤦🏻♀️
If he just stops drinking his starbucks coffee everyday... i would love for every mp that's voted for austerity and all the cuts we've had suffer in the same way everyone else has. They don't seem to have a sensible idea in regards to anything.
I can feel your frustration. So sad
Not surprised about that news.
Thank you!!
Spot on Sasha , I will be supporting some sort of Reform .
That might make a good name 🙏
Spot on and funny thanks cheered me up
Just think how many of these types are MP's. Politics has little to do with representation and more to do with power and greed.
Nice thumbnail, looks like Rishi is posing for his Spitting Image model sculptor 😂
what the schmack, my life in Scotland is clearly on a completely different planet.
🎯 spot on.
Great video... Nice one
I read this story this morning and I couldnt help but laugh, imagine leveraging your salary to the eyeballs to the point where you couldnt afford a 2k mortgage, im literally on half that, and if my mortgage hypothetically went to 2k, i wouldnt have a problem paying it, I have 0 pity.....I have no idea how some of the highest paid people have the least idea what to do with their money
Always enjoy your videos
Great video, thanks!
this video is now on the recommended watch list for our UK mps
Your dog looks so sweet! I love it!
The attitude of that M.P is pervasive in government. Its an attitude that led to what happened in France in 1789.
Maybe we could do a reenactment
Cute doggy moment. This channel just keeps on giving!
What a lovely puppy you have ❤❤❤❤
Thank you! :)
Good video mate
Good job 👍
Brilliant explanation! What a load of crap. We need someone like you running the country! Thank you for pointing out how 2 faced all politicians are (they are all the same!)
Aww doggo! Love your content Sasha, i literally only listen to your stuff 🤣
Appreciate you watching!
@@SashaYanshin Always bro!
Brilliant vid Sasha
If the banks are making so much cash why are the share prices for the big UK banks so low? Look at Lloyds they own the largest mortgage books in the UK and their share price is in the gutter.
I thought the banks were buying houses now?
@@stephenhookings1985 true
Sasha, you always make me laugh. Thank you.
I live in Southampton after graduating here. He’s telling the truth as a 24 year old you better have a job. They’ve rigged the city for the jobless, your only way out is a train ticket or a serious disability.
Sasha love your dog and your content !
Thank you!
Could you please make a video about your insights on the new Tesla stock dip? Would love to see your opinion.
Where is the mega like button? I absolutely loved this video! Pop the champagne! You're a legend bru!
you crack me up sasha, laughing my head off in a good way :)
Facts 💯!! say no more Sasha, you are saying what we are all thinking
Gotta laugh, and I’m supposed to manage on the breadline.. 😂
Has that minister tried cutting back on coffee? Maybe cancelling the Netflix?
Love your content! I think you are stating things as they are 🩵
However, Sasha, what can be done about this?
Why do we in the UK simply accept everything without question?
Why can't people grow a backbone and have the courage to protest? It's astounding what is happening, and while discussing these issues is important, merely sitting and complaining has achieved and will achieve nothing!
Take, for instance, the absurdity with the electricity bills last year or the new 20mph rollout this year, replacing the 30mph limit. What an utterly nonsensical idea! In the past, people would not have tolerated this- nowadays, everyone just seems to 'get on' with it.
The thing is, yes, I could go and protest, or some other individuals could, but it requires masses of united people to truly make a change. How far must things go before people wake up?
Agreed
Not criticising, but what are you doing about it apart from posting here? And in any case, it’s a bit like Hitler with his Phantom armies in 1945. Just because legislation is put in place doesn’t mean it is policed or enforced. They used to be 20 mile an hour limits near schools in Harringay decades ago and I was the only mug doing 20 miles an hour being overtaken by low-flying aircraft….
@@ouethojlkjn As I said, we've passed the time when individual actions or the efforts of small groups can make a significant change. Therefore, in answer to your question, there is nothing I can personally do, which is frustrating. If there were something I could do, I definitely would, but it requires united masses and a stand-off like we had decades ago.
Regarding the enforcement of a 20mph speed limit, I don't think we can compare the situation then to nowadays, where AI and cameras are widespread. I am entirely in support of a 20mph limit in places like near schools, etc. I'm not that foolish. In fact, I wouldn't call anyone a mug for taking extra care when driving around those areas.
However, imposing a blanket 20mph rule instead of 30mph almost everywhere is a bit different. As I mentioned, in 1945 there was no technology to enforce such a thing. These days, you might not even be aware until you receive a fine in the post, along with points on your driving licence.
@@freespirit5944 I must confess all the correspondence I have had with that useless Conservative MP of mine has amounted to nothing. He now wants my home address and phone number before he will acknowledge I am one of those ghastly awful feral constituents he has to put up with from time to time. I said he will need to prove he is actually my MP first before I hand over any private details - I am going to need his full address and home phone number... never heard back of course.
They just did it in Poland, similar program.
And houses in few months went from £2000 per sq meter, to £3000 per sq meter in Cracow.
I'll bet the subsidised bar must take a right wedge
I agree with some of what you say. However I can't imagine that any MP , or Gov minister, or Councillor up & down the land reads through every Act of Parliament that they need to know about . They get a briefing from civil servants I would imagine .
My mortgage is going to go from £969 to ~£1500 in 10 months and I'm on significantly less than his 120k and it's doable, a sting I'd rather not have, but doable.
My mortage was 4.4k a month let's just say it's been very hard the past few months. If only I could quit my side job to find another job that paid alot more
Do you live in a million pound house?
@@insidiousinflation8605 yh around that much
But there was only 250k left to pay off
Don’t change Sasha!
Love the dog.
Oh I'm subscribed to this channel
Same, Government. Same.
Enjoyed that rant and agree with every word of it.
🙏
Everything spot on