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Har Fast

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  1. Surely a quick way to get "printed" cash into the economy is to use it to capitalise a couple of infrastructure banks that would buy/underwrite bonds for infrastructure projects?
  2. How will this affect labour mobility for the under 25s?
  3. I'm really struggling to see the downside of a mansion tax for non-residents. It would raise a bit of useful cash, and it might even be politically do-able - Lib Dems given a sop as their mansion tax is (partially) implemented, Tories happy that it doesn't hit their own property pile. What's not to like?
  4. I've said it before, but I reckon this has a lot to do with the relatively high number of retirees (lower pension income, retiring to expensive properties).
  5. Personally, I'm surprised none of the parties has suggested a mansion tax for properties where the owner is non-UK resident. Would be politically popular I'd have thought.
  6. Instead of tax, this would be a properly "imaginative" use of QE (establishing & capitalizing "industrial societies"), and IMO more likely to be useful and effective in the long run.
  7. I wonder if this implies a different form of QE, given that the last lots have disappeared into the financial system but (although keeping gilt yields down) done little to get money to the businesses that need it? How about using the QE money to capitalise a newly-established, govt-owned but operationally independent, bank to lend specifically and directly to (small) businesses?
  8. But they have. Read Merv's public utterances over the last couple of years and it's been perfectly obvious (albeit in Merv-speak) what they are doing, and will continue to do.
  9. erm, be careful what you wish for folks. From the FT's take on the Mirrlees review:
  10. It was all going so well until the final paragraph: Which seems to pretty much contradict the spirit of the rest of the article. How can he possibly expect housing to correct to a more affordable level if he advocates government props for over-borrowed households and/or measures to tempt buyers back into an overvalued market? Ridiculous.
  11. Telegraph Article Highlights include: And he even floats the idea of LVT, but accepts that it ain't going to happen any time soon. I assume Grant Shapps will read the Telegraph...
  12. Anyone else think this is odd: and So he's trying to justify his "spare capacity" thesis by reference to a trend rate of growth which by his own admission was based on "extraordinarily" (ie unsustainable) levels of debt. Hmmm, I think the excuses are starting to wear a bit thin. Also worth noting: An admission that the BoE has lost control of real world interest rates...
  13. So UK inflation is now officially higher than Zimbabwe's! Nice one Merv.
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