Tuesday, Jul 15, 2008
Cameron proposes bankruptcy protection
Telegraph: UK economy needs 'full-blown' plan for recovery
A "full-blown plan for recovery" is needed to protect Britain's families and businesses from the "pain" being caused by the credit crisis, according to David Cameron, who said that the Government was failing to act on several fronts and only his party were suggesting solutions to the problems caused by the economic downturn. Speaking ahead of his announcement that a Conservative Government would introduce US-style protection for companies at risk of bankruptcy, Mr Cameron laid out key areas in which the Conservatives propose alternatives to Government economic policy - "Take the housing market - we could now be cutting stamp duty for 9 out of 10 first-time buyers".
Posted by alan @ 10:52 PM (440 views) Add Comment
7 Comments
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1. str 2007 said...
Oh my God
Cameron is now spouting Kirsty Allsop suggestions.
The woman who thinks everyone can own as many houses as they like and stopping this won't effect house prices being 20 times the average wage in areas of Cornwall, but cutting stamp duty for houses under 250k for first time buyers will.
Cameron is not only listening but taking on board and spouting this advise.
Someone help.
Vince Cable - if you are reading for goodness sake get your marketing campaign underway.
It really should not be difficult to discredit this lot - and I bet I'm cheaper than Kirsty.
2. amjidk said...
I find it hard to believe that nobody but a few of us on these forums couldn't see the problems coming our way, due to the crazy amounts the banks were lending, with absolutely no regulation , Why were all the politicians and the media silent? was it stupidity or something more sinister? either way we are all in d**p sh*t now..
3. Mr Plumbase said...
Its enough to make a grown man cry.
4. it_is_going_with_a_bang said...
Cameron really needs to publicly condem Kirsty Allsop and distance himself from her ideas.
Just say it how it is - House Prices are unrealistically high and they are just adjusting as they were always going to.
Stamp duty bla bla bla. Totally missing the point.
5. last_days_of_disco said...
I find it interesting that David Davis and Boris Johnson have found their way out of the shadow cabinet. It may be coincidence but I think both of them are going to thank their lucky stars.
6. Rm96696 said...
How long can people continue to believe that property and house price inflation are the motors of the u.k. economy. If people believe that "equity withdrawl" from housing is the key to economic growth why not just give everyone a 50000 pound free account with the bank of england which is topped up each year'
7. brightonrentfodder said...
stamp duty is really an irrellevance to first time buyers with any common sense. Why should they want to buy now? why not wait
for the fully blown wipe-out of house values, and save a fortune? continuing the house boom party as it is, doesn't help those who want to
spend within their means, only big business really profits from this.