Quote:
Originally Posted by Ignitionnet
Hey Pierre, the cuts started at the start of this financial year, and have been deepened by inflation as the budgets were given in nominal terms.
Your second paragraph is spot on. They stubbornly refuse to invest in anything beyond trying to get the banks to feed us all more of the poison that caused the trouble to being with - debt.
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Thats biggest question the only answer is they doing it to favour low interests in debt by sucking up to the banks who created the mess.
I fear we will again left lagging while the country crumbles hell the politians will laugh they all can up there bags live in caymen isles.
Damien all we can hope is by doing it together taking political mindsets they MAKE decisions which right for the Country.
They both shown they cant do it alone so we need them to stop there political persuations there retric atitudes think what will work. They tried the preverbal bashing/trashing agendas not hurt it why it was not there fault but they was soft targets.
I fear tories waiting and hoping 2012 olmpics/green windfarm projects will be the saviour in shining armour. Sadly think neither will olympics crippled greece I fear that foreign firms will get more out off the windfarm projects.
Countryfile sunday mentioned how many foreign firms do the wind farms that little money despite huge cost to uk will see return.
---------- Post added at 13:40 ---------- Previous post was at 13:30 ----------
Quote:
Originally Posted by Ignitionnet
This national debt stuff is getting really, really boring. Every so often yadda yadda record levels of debt.
Osborne is missing his deficit reduction targets due to the tax take being down, and I should mention that a large proportion of the national debt can be removed overnight.
The Bank of England owns £186bn of gilts purchased in QE 1, they'll probably own ~£70bn more after QE 2. This is debt purchased with invented money. They tear those gilts up, there's £250bn wiped off the national debt overnight.
They are full of it, I agree with the need to reduce the size of the state for sure, what I am disgusted by is the indifference to inflation. This is a stealth tax for those with savings and those who work, it is genuinely affecting our living standards but they still allow it in order to keep asset bubbles inflated and insolvent banks operating.
I hate this coalition's economic policies. They are reducing my income through tax rises and withdrawal of family allowance, they are reducing the value of what I do get by ignoring inflation, they are harming my attempts to save for a deposit for a home through low interest rates and they are harming my attempts to buy that home by propping up house prices with low interest rates.
If they had an ounce of conscience in their banker-whore bodies they'd tear the gilts up, capitalise RBS if need be and force it to deliver credit responsibly - we own 83% of it for heaven's sake - and get some investment rolling in infrastructure delivering jobs and housing, two things which are massive drags on the economy.
Huge amounts of capital are sitting in housing doing nothing and high housing costs and inflation are reducing people's spending power. Get building, get people into work designing and constructing those homes, build some high speed broadband plant.
They can also ditch their vanity project HS-2. Interesting they can find billions for the pet project whose business case has been ripped to shreds pretty much universally but there's apparently nothing in the kitty.
This coalition is like some sick parody of everything you didn't want.
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yep sad thing they want another housing boom to try fudge a recovery which will then cause another false economy.
Governments dont learn sadly sustainable jobs, money in people hands who will spend it.
I would like to see interest rates at least 2% ofset it wages should be stabilised. I think house prices should be reduced tighter control on prices. Yes people will moan but they should realise its home not comodity.
It wont be popular but housing/land costs one single reason we in mess. Firmly think banks behind inflating them to get bigger mortages.