Sunday, Feb 07, 2010
Too late
The Telegraph: Cut spending before there is a financial disaster
The easiest cuts of all will be in the state owned banks, where the pay is too high and risky business still too large.
Splitting them up and selling them off can cut public sector risks and bring in much needed cash.
Posted by devo @ 09:58 AM (922 views) Add Comment
5 Comments
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1. paul said...
Stop bailing out the housing market from its natural downward trend with QE and bank loans. That's £300bn recovered right there!
2. tenyearstogetmymoneyback said...
I certainly agree with this. Listening to my Local radio Station each morning I think it is 50% funded by the Government.
Each add break you either get one of of a series of adverts encouraging youngsters to study Science and Maths
or one of an alternative series encouraging them to study a Language.
Does no one in Schools gibve any careers advice these days ?
Another advert which keeps getting played is one in which a Football Player
tells how the Goalie had advised hime how he might avoid defaulting on his mortgage by looking
at a Government web site !
It is quite a relief to hear the advert from a house builder offering to lend you a deposit.
At least its private enterprise.
3. letthemfall said...
John Redwood, the experienced govt minister, who is best remembered for singing the Welsh national anthem like a nodding dog.
His shallow antipathy towards the public sector and his gun with its empty magazine aimed at the usual sniper's targets are shown so clearly in this scattering of one-sentence paragraphs, like a handful of cheap bird seed thrown to the reactionary pigeons. Note the feeble attempt to show how caring he really is with a line tossed to the elderly and sick. But he does mention banks - the state-owned ones, naturally.
This spitting-image puppet never did have anything worthwhile to contribute to politics.
Surprised that mark w hasn't done some hear-hearing yet.
4. enuii said...
Tenyears, have frequently though that myself about my ludicrous local radio station whose advertising revenue must also be at least 50% government funded. The content of which are so patronisingly dumb they are nothing short of a state/party subsidy.
5. vacuouspolitician said...
"John Redwood, the experienced govt minister, who is best remembered for singing the Welsh national anthem like a nodding dog."
Singing?
...more like miming while rocking his head from side to side (even that was out of time) and looking like a goldfish. Remember it and him well...completely out of his depth and an big embarrassment...but then does the rest of the nation...?