Friday, May 07, 2010
Yeah thanks for the votes but we were lying
Channel 4: Clarke hints cuts to be "dropped"
All them cuts? No they would crash the housing market see? That would never do. Me and me mates we've all got these buy to let places innit. The other lot too. They got 'em an' all. Give it a few months guv', get me dosh out the country like.
Posted by chrisch @ 10:24 PM (1470 views) Add Comment
11 Comments
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1. gone-to-colombia said...
As if there was choice.
2. Simon said...
The article talks about "paying off the deficit" .
I'm starting to think there is a cross party and media conspiracy to refer to "the deficit" every time they mean "debt" ..... What was left unsaid during the party campaign tells us a lot .
Only good point I saw made in the article was Kenneth Clarke saying that if Conservatives and Lib Dem's couldn't work together for the next 2-3 years and prove coallitions could work that there would be no mileage going down the P.R. road which regularly delivers them .
3. mark wadsworth said...
I dunno. Maybe the Tories have learned their lesson. I was talking to a dyed in the wool Tory two weeks ago, who insisted that UK voters had some residual folk-memory hatred of the Tories. When pressed on the point, he boiled it down to the temporarily high interest rates during ERM debacle and people being repossessed.
Which I passed off as trivial - it enabled people like me to buy a house for a reasonable price in the early 1990s - but he kept saying that this is why the Tories will find it so difficult to win a majority (and he was right on that score).
OK, Labour spotted a loophole in the Home-Owner-Ist vote and have been milking it ever since, so the only way forward for the Tories to come out of the next year or two of coalition nastiness is to pander to the Home-Owner-Ists - perhaps by even go so far as to abandon our last residual vestige of property taxation (Council Tax) and replace it with Local Income Tax, which the Lib Dems include as a policy in their manifesto*
* The bitter irony is that no way will the Tories accept Uncle Vince's Mansion Tax, which is a teeny tiny step towards more property tax and less income tax.
Home-Owner-Ist Death Spiral, here we come!!!
4. gone-to-colombia said...
Though I loathe the Tories, I wanted them to win, and win with a clear majority.
We need a party in power who will do what is required, stringent cuts that reunites spending with the tax base.
Frankly, the country needs a period of austerity that might serve as a wake up call to a people who have become drunk upon debt.
What has happened is the worst possible result.
5. mander said...
Economic strategy will be currency devaluation. Everybody let's talk the pound down, let's have in Greece a few people killed and so on. Cameron must be wise enough to allow a housing market correction and try to diversify the economy away from property/finance.
6. markj69 str05 said...
What makes you think Cameron and co are the decision makers when it comes to the countries finances?
'Cameron must be wise enough to allow a housing market correction and try to diversify the economy away from property/finance.'
Makes sense to me, but then again what do I know.
By the way, there seems to be a lot of new properties coming on the local market. And selling too. Also, many that have been around for a while. Anyone else observed similar?
7. gone-to-colombia said...
Each day I monitor new properties coming on to the market in 12 areas, mostly counties.
In the last month there has been a dramatic rise of homes being marketed.
8. mdmick said...
Not meaning to slur any political party but
it amazes me how, before an election, a politician can say or strongly hint that, once in power, such and such policy will happen;
on that basis, the party gets power and then, what do they do?!!
Anything but the thing they got into power to do.
I have believed for a while now that there should be a general election on mandate priority and, following that filter, only then a vote on particular parties.
9. mander said...
markj69 str05,
I see also unusual many properties coming to the market which I think it is a positive thing because a lot more sales will take place and the economy needs a full functional housing market. For the next government I think it is important to keep interest rates down to avoid a crush but must refrain from providing taxpayer funds for the securitization of the new mortgage loans.
In the end the whole crisis was about getting the taxpayer into the derivatives game but I hope that the next Government will be wise enough not buy the so called "toxic assets”.
10. house said...
For what it's worth, properties are still selling like hot cakes at the 2007 levels in the West Country. Figure that out.
11. Fraggle said...
"he boiled it down to the temporarily high interest rates during ERM debacle and people being repossessed....he kept saying that this is why the Tories will find it so difficult to win a majority (and he was right on that score)"
So true - my dad still goes on about it. He also thinks the current recession was caused by the interest rate rises just before it and that if only they hadn't things would be peachy now. He also thinks Gordon Brown was the best chancellor ever.
There's no helping some people...