Lyric discussion by CrystalBucket 

hey motorbar:

i have a stupid question: "HP Demands" -- ?? (Taxes?) I just don't know what that refers to. thanks.....

no such thing as a stupid question! HP stands for Hire Purchase. see an explanation of that here en.wikipedia.org/wiki/Hire_purchase.

basically it's like a layaway plan. in the moldy goldy oldy days in the UK, when people mostly didn't buy things they can afford, this was a crude form of buying stuff on credit before there were credit cards. while these days you own whatever you buy with a credit card and pay the dough back to your back, HP meant you had possession and use of the item without ownership. sorry to be so boring about it, i'm actually feeling quite nostalgic for Olde Englande.

in this gorgeous song i love the juxtaposition of "stocks and bonds" and "HP demands". stocks and bonds in those days were the trappings of wealth and privilege, while HP was a solidly working class option. in the context of the rest of the song this paints a picture of a low class woman with pretensions of upward mobility. poor ol Reg just wanted to make music, and saw his future life with her as driven by a particular kind of material slavery: that desperate and never-ending pursuit of possessions that some underprivileged people are sometimes victim to.

i just love those two lines. they say it all.

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