Tuesday, Jun 09, 2009
Tory admits our economic system encourages short term rent-seeking
BBC: Are we all long-termists now?
Right now, ironically, the expectation of a Labour defeat might well be making the Treasury's job a little easier by giving them breathing space they might not otherwise have had. The pound and the government debt market have been helped by the fact that "the markets are expecting the Conservatives to get in and slash spending."
Posted by peter_2008 @ 01:55 PM (461 views) Add Comment
2 Comments
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1. paul said...
In a word, no. As Alice Cook sums it up:
"Both Labour and Conservative chased the middle class home-owning vote, who were easily appeased so long as property prices were rising. This also explains why Brown and Darling hijacked the Bank of England, paving the way to zero interest rates and massive government guarantees designed to revive mortgage activity. In the UK, house prices determine economic policy priorities. Jobs, inflation, fiscal sustainability all come a poor second."
2. mander said...
Dear Mr. Osborne,
Where is the property included short term or long term investment? How would investors be able to make a quick buck? I am sorry I do not understand your policy.