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browneconomy

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  1. Just seen TV pages for next week. http://www.channel4.com/programmes/dispatches/episode-guide Episode Monday 8th June, available on demand Where to Save Your Money With interest rates at their lowest for 300 years, Dispatches highlights the crisis facing many of Britain's 40 million savers, and asks: where should you put your money?
  2. Unfortunately you might well be correct. But.......... The Fact is John Major Prime Minister for longer than Gordan Brown and David Cameron combined and unlike GB & DC actually won an election to that office! So he is worth listening to. He has the 'right' sort of connections, in political and economic terms, far more so than any of us knobs on HPC. So isn't it 'good' that there has at least been some political debate about the issue? Not that I'm holding my breath...... I don't subscribe to the view that raising mortgage rates to inflation plus 2% plus (say) 1% would trash the housing market. Yes the over-indebted would go under but people coped with 15% mortgages in the early 90's. And all those forced to rent now might be in a better position to buy in the near future, so stabilising the market at a more natural level (loans to income)..
  3. Article in Telegraph: http://www.telegraph.co.uk/news/politics/conservative/10439423/Increase-interest-rates-to-5-per-cent-to-help-prudent-pensioners-says-Sir-John-Major.html Quote Increase interest rates to 5 per cent to help prudent pensioners, says Sir John Major Prudent pensioners who have saved carefully for their retirement all their lives are being punished by “cripplingly unfair” low interest rates, Sir John Major has said By Christopher Hope, Senior Political Correspondent 6:00AM GMT 11 Nov 2013 The former Conservative Prime Minister urged the Government to do something “classically Conservative” and bring in measures to protect people’s savings. Sir John urged the Bank of England to return interest rates - which banks say could be held at 0.5 per cent until 2017 - to “normal levels, say three to five per cent” to create a society that treats “the saver as fairly as it treats the debtor”. Speaking to the annual dinner of the South Norfolk Conservative Association on Friday night, Sir John said: “For the moment, low interest rates are unavoidable to preserve companies and create jobs but there is another face to low interest rates. “We should remember they are cripplingly unfair to people who have saved money for their retirement “A lifetime of prudence and now the money they invest earns them almost nothing at all and their quality of life is diminishing as a result of that. “No-one wants sky high interest rates, but frankly the sooner they return to normal levels, say three to five per cent, the sooner we will move towards a fairer society that treats the saver as fairly as it treats the debtor.” Sir John urged the Tories to resist the Liberal Democrats’ “vindictive” plans for a “mansion tax” on expensive homes. He said: “We should help people protect what they have built up through their lifetime, whether it be their home, their pension or their savings and that is why the threat of a mansion tax is so vindictive. “Once established, it will creep down the value chain because everything does. Income tax was introduced as a short term palliative in the first place at tuppence in the pound. “Once established a mansion tax would creep down the value chain. The Treasury would see a means of more money, more cuts to Local Government grants and money from the mansion tax going to Local Government. “I can see it only too plainly and more and more people will be caught in it.” Sir John, who last month called for a windfall tax on energy companies, also said Conservatives should not be afraid to intervene in the private sector when “people are maltreated” because their duty was to the electorate, not companies. END QUOTE Obviously John Major was speaking to and for a specific audience. And retirees/wealthy home owners are singled out as victims (more so than than denied-home owners or savers etc). But is this the start of a more public debate on the fairness/economic benefits of a return to economic sanity? Could John Major be the Churchillian 'Voice in the Wilderness' ? IMHO interest rates should be set for the long term benefit of the British (UK) people and not the Banking/Political cabal who run this country as a kleptocracy.. Whilst we kid ourselves we have a free market - we don't - why not set saving rates as (untaxed) RPI compensation plus (taxed) 2% profit interest. And borrowing rates at the saving rate plus (say) 2%. Let previous mal-investment destroy those who borrowed / lent badly rather than continue the present policy of the prudent bailing out the reckless & feckless..
  4. Financial Repression can be compared to 'clipping' coinage. Obviously it is 'unfair' * Thing is what can be done about it? To my way of thinking the 'Powers That Be' are suppressing any public debate on whether or not it is Government policy and perhaps we should try and be proactive in raising the matter. It would be a good 'question' for BBC's Question Time. Ask the panel whether or not Financial Repression is official Government Policy? And if it is justify it! * 'unfair' - unless you are a banker benefiting from borrowing from present and future taxpayers, risk free at 0.5%
  5. http://www.telegraph.co.uk/finance/comment/rogerbootle/10407535/Financial-repression-may-stave-off-default-but-the-cost-to-savers-will-be-high.html QUOTE 'Financial repression’ may stave off default, but the cost to savers will be high Inflation will probably still be higher than the paltry interest rates available on many savings instruments – particularly after tax. All being well, pretty soon workers will start to see the real value of their earnings rise as inflation falls back. And about time, too. But sadly I doubt that savers will have much cause to rejoice. Inflation will probably still be higher than the paltry interest rates available on many savings instruments – particularly after tax. This will continue for some time. The authorities are engaged in policies which inflict real losses on savers. This is nothing new. It is what happened in Britain and America after the war and it played a leading part in enabling both countries to reduce their debt burdens after they had been inflated by massive wartime borrowing. The UK is again suffering from a serious problem with the public finances. Last week’s figures on the Government’s deficit at last showed a chink of light. But, make no mistake, the debt is still rising. This year, it will probably be about 80pc of GDP. We will be lucky if it peaks below 85pc. In itself this is not a disaster, but we have to be careful. A prudent manager of the nation’s affairs would seek to reduce this ratio to well below 50pc. The orthodox way of reducing the deficit, namely through fiscal austerity, has been implemented and still has further to run. But on its own it cannot make that much of a dent in the debt ratio. As long as there is any deficit at all, then the stock of debt still rises. Some countries, including some in the eurozone, that are struggling with debt ratios above 100pc, will probably eventually default. But that route is not open to us. The British don’t do default. Or at least, not outright default. In the past, British governments have done quite a lot of implicit default through inflation. I argued last week that Japan may be forced into taking the inflation route, but this would be resisted in the UK, at least initially. Growth is our hope. It isn’t only that growth will produce higher tax revenues and thereby reduce the deficit, or even eventually turn it into a surplus, but also that a given amount of debt will represent a smaller share of GDP. In this way, the debt burden can be reduced painlessly. But it will take decent growth rates, sustained long after Mr Osborne has left office, to bring the debt down to manageable levels. And there is a worry that the cost of servicing the debt – paying interest on it – could overwhelm the benefits of continued austerity and economic growth. That is where “financial repression” comes in. The term is used to cover a variety of measures that have the effect of forcing interest rates and bond yields lower than they would be in normal free market conditions. This reduces the cost of government borrowing while not directly harming economic growth. Indeed, it should encourage it. So far, neither the Government nor the Bank of England has openly said that it is engaged in a policy of financial repression. And, to the best of my knowledge, neither has any other government or central bank. Rather, financial repression has resulted from policies being justified in other ways. The policy of Quantitative Easing (QE), which involves the Bank of England buying huge quantities of government bonds, is supposed to boost the economy by reducing long-term interest rates and flooding the system with liquidity, thereby increasing asset prices and encouraging finance to flow into productive uses. But in so far as it has kept down the rates of interest on government bonds, which you would presume it has, it has also reduced the cost of financing the Government’s deficit, compared to what it would otherwise have been. This has been very welcome at a time when the Government has to finance a deficit of £120bn and is forking out £30bn a year in debt interest. Similarly, banks, pension funds and insurance companies are obliged to hold a high proportion of their assets in safe form, ie government debt, for “prudential” reasons. Nevertheless, this has the effect of boosting the demand for this debt and thereby keeping the rates on it low. The policy of holding interest rates at 0.5pc has the same result. The policy exists primarily for macroeconomic reasons, that is to say, it is believed to stimulate aggregate demand and hence boost the economic recovery. But it also has the effect of keeping down all short-term interest rates, including on government bonds. We know that in economics there is no such thing as a free lunch. In economic policy, it is usually a matter of weighing up costs against benefits. Of course, apart from economic growth, all ways of reducing the debt burden inflict losses on someone, but over and above this they can also be economically damaging. When a government defaults, it is obvious who bears the losses – the holders of government debt. The economic costs of default are also pretty clear, namely that this may damage a government’s reputation and thereby impair its ability to borrow in future, as well as possibly inflicting serious damage on banks and other financial institutions that are vital to a healthy economy. When a government lets inflation erode the real value of its debt, the losses are not so obvious – but they happen just the same. They are borne by all those who have assets that are not protected against inflation, including conventional government bonds. Inflation causes damage because it distorts the price mechanism and requires a recession to bring it down again. A policy of financial repression does not involve any sort of default as such because no promise is breached. But the results are much the same. Anyone with savings in forms where the interest rate is flexible, and people doing new saving, will find that they receive less than they normally would. As umpteen pensioners know only too well, low gilt yields have caused annuity rates, which govern entitlements to pension payments, to come down, too. The damage done by financial repression consists of the distortions to financial markets and the risk that low interest rates and bond yields will cause bubbles in asset prices that, when they burst, cause serious losses. You can see this risk building now, especially in interest rate-sensitive assets such as residential and commercial property. For the time being, this is a risk worth taking – but not forever. END QUOTE Roger Bootle is managing director of Capital Economics roger.bootle@capitaleconomics.com It's good to see the term 'Financial Repression' being (at long last) used in the media. As Roger Bootle says in his article" "So far, neither the Government nor the Bank of England has openly said that it is engaged in a policy of financial repression. And, to the best of my knowledge, neither has any other government or central bank. Rather, financial repression has resulted from policies being justified in other ways." It's up to us (yes us) to make up for our so-called free press not pushing Ministers and ALL political parties on this issue - The Great Financial Repression continues........ History will judge the decade from 2008 as 'THE GREAT REPRESSION'. A time when the prudent were sacrificed to bail out the reckless and the feckless. So just what is Financial Repression? Between the 1940's &1970's successive government's intentionally inflated away the debt of WW2. Given that generations suffering tax/inflation AFTER the war benefited from the sacrifice of the 40's generation there was perhaps some moral justification for this economic policy. But can ANYONE justify the theft of savers ( plus pensioners / excluded home owners etc) hard earned (and taxed!) funds being given to bankers and feckless borrowers? Open peoples minds by using the term THE GREAT REPRESSION when ever possible. Lets try and make the term part of the lexicon for 2013!
  6. You took the words right out of my mouth. I did the same (voted Tory, LIB Dems won constituency) should have voted Liebour, six months after the GE the UK would have been cap in hand at IMF. The resulting austerity would have been the solution to our economic ills rather than kicking the problem down a generation (of taxpayers) or two!. Actually I have to confess my 'guilt' in voting was even greater. I had hoped for a hung Parliament - I didn't want 5 years of Thatcherite Tory rule and honestly thought the Coalition would be the best thing for the UK - an economically right wing (Tory) Government with their excesses tempered by the LD's. What a mug I was! Next time I'm voting UKIP (European elections )
  7. Ditto. Leaving aside the 0.5% base rate seemingly the real damage inflicted on savers is the FFL scheme. Banks/Building Societies are using FFL as justification for lowering interest rates. Bllox. the £80bn has hardly been touched. Up to 1st qtr 2013 just £16.5bn has been 'loaned' to participating banks. Thats an average of just £253 for every person in the UK. Peanuts! see http://www.bankofengland.co.uk/publications/Pages/news/2013/070.aspx So how can the availability of this paltry sum result in actual savings interest rates being almost halved in one year? I think the answer in market collusion. Think of the LIBOR scandal but on a HUGE scale. At the risk of being acussed of invoking Godwin's Law: Quote Joseph Gobbels “If you tell a lie big enough and keep repeating it, people will eventually come to believe it. The lie can be maintained only for such time as the State can shield the people from the political, economic and/or military consequences of the lie. It thus becomes vitally important for the State to use all of its powers to repress dissent, for the truth is the mortal enemy of the lie, and thus by extension, the truth is the greatest enemy of the State.”
  8. http://www.telegraph.co.uk/finance/economics/10226144/Mark-Carney-is-about-to-make-his-first-mistake-not-raising-interest-rates.html Interesting article by Alistair Heath, editor of City AM. He concludes quote " There is no single solution or explanation, but UK monetary policy is no longer the issue. Rather than dovish forward guidance, what the economy really needs is a symbolic increase in interest rates, and for everybody to start moving on to tackling Britain’s real problems. " end quote. Log onto Telegraph & add your comments. The louder the discussion the more likely it's going to happen. (Actually thats my wishful thinking, but what the hell! )
  9. My suggestion: The Great Repression History will judge the decade from 2008 as 'THE GREAT REPRESSION'. A time when the prudent were sacrificed to bail out the reckless and the feckless. A time when the very notion that Britain's was a truly democratic nation was proven to be a sham - Britain is a kleptocracy, a society run by the elite for the elite: Below inflation interest rates for savers - tough. Lousy annuity rates for those prudent enough to save for retirement- tough. House prices being inflated away from affordability by funny money- tough. And perhaps worst of all, mortgaging the wealth of future generations to pay for the criminal mismanagement of the economy by the present and previous Governments - tough. The present economic situation should be correctly referred as THE GREAT REPRESSION. read more: http://www.economist.com/node/18834259 http://en.wikipedia.org/wiki/Financial_repression Successive governments between the 1940s to 1970's intentionally inflated away the debt of WW2. Given that generations suffering tax/inflation AFTER the war benefited from the sacrifice of the 40's generation there was perhaps some moral justification for this? But can we honestly justify this policy now (for the debt incurred in the first decade of C.21st ?) Open peoples minds by using the term THE GREAT REPRESSION when ever possible. Lets try and make the term part of the lexicon for 2013!
  10. Many a true word is spoken in jest: Winston Churchill on economists, specifically on JMK (John Maynard Keynes) "If you put two economists in a room, you get two opinions, unless one of them is Lord Keynes, in which case you get three opinions." Leo Dumpmen on economists, specifically those on the MPC (Monetary Policy Committee) "If you put the nine members of the MPC in a room, it's irrelevant whether you end up with one opinion or ten because any opinion is just an opinion: the policy they actually adopt has already been decided - by Goldman Sachs!" History will judge the decade from 2008 as 'THE GREAT REPRESSION'. A time when the prudent were sacrificed to bail out the reckless and the feckless. A time when the very notion that Britain's was a truly democratic nation was proven to be a sham - Britain is a kleptocracy, a society run by the elite for the elite: Below inflation interest rates for savers - tough. Lousy annuity rates for those prudent enough to save for retirement- tough. House prices being inflated away from affordability by funny money- tough. And perhaps worst of all, mortgaging the wealth of future generations to pay for the criminal mismanagement of the economy by the present and previous Governments - tough. THE GREAT REPRESSION. read http://www.economist.com/node/18834259 http://en.wikipedia.org/wiki/Financial_repression (Successive governments between the 1940s to 1970's intentionally inflated away the debt of WW2. Given that generations suffering tax/inflation AFTER the warbenefited from the sacrifice of the 40's generation there was perhaps some moral justification for this? But can we honestly justify this policy now -for the debt incurred in the first decade of C.21st ?) Open peoples minds by using the term THE GREAT REPRESSION when ever possible. Lets try and make the term part of the lexicon for 2013!
  11. Sorry for the delay, these are the properties that show sales history i.e. have sold more than once since 1999. Looking at the figures some show rises (obviously) but there are plenty of sales going through at 2005/6 (& even earlier) prices! And remember the effect of inflation! Reens Farmhouse, Church Road, Heamoor, Penzance, Cornwall TR18 3JB £295,000 Detached, Freehold 18 Mar 2013 4 bedrooms £285,000 Detached, Freehold 08 Aug 2003 11 Daniel Place, Penzance, Cornwall TR18 4DU £145,000 Terraced, Freehold 13 Mar 2013 2 bedrooms £142,500 Terraced, Freehold 29 Sep 2008 £128,950 Terraced, Freehold 20 Jan 2004 £48,000 Terraced, Freehold 21 May 1999 51, The Flats, Jelbert Way, Eastern Green, Penzance, Cornwall TR18 3DW £61,000 Flat, Freehold 08 Mar 2013 £57,500 Flat, Freehold 13 May 2004 £25,500 Flat, Freehold 17 Apr 2001 4 Caldwells Road, Penzance, Cornwall TR18 2BN £115,000 Terraced, Freehold 08 Mar 2013 £115,000 Terraced, Freehold 23 Jul 2004 24 Donnington Road, Penzance, Cornwall TR18 4PQ £560,000 Detached, Freehold 08 Mar 2013 4 bedrooms £325,000 Detached, Freehold 03 Jul 2002 £250,000 Detached, Freehold 01 Sep 2000 21 Rosparvah Gardens, Heamoor, Penzance, Cornwall TR18 3EA £245,000 Semi-Detached, Freehold 28 Feb 2013 4 bedrooms £175,000 Semi-Detached, Freehold 18 Dec 2002 7 Parc Wartha Avenue, Penzance, Cornwall TR18 2RY £176,000 Terraced, Freehold 18 Feb 2013 3 bedrooms £135,000 Terraced, Freehold 16 Sep 2005 32 Penare Gardens, Penzance, Cornwall TR18 2AR £170,000 Terraced, Freehold 08 Feb 2013 2 bedrooms £155,000 Terraced, Freehold 29 Jun 2009 4 South Parade, Penzance, Cornwall TR18 4DJ £485,000 Terraced, Freehold 08 Feb 2013 5 bedrooms £480,000 Terraced, Freehold 11 Apr 2011 £440,000 Terraced, Freehold 30 Oct 2007 £198,500 Terraced, Freehold 21 Sep 2000 4 Hill Close, Penzance, Cornwall TR18 3JX £245,000 Detached, Freehold 06 Feb 2013 3 bedrooms £194,000 Semi-Detached, Freehold 02 Jul 2010 Flat 2 West Wing, 25 Lariggan Crescent, Penzance, Cornwall TR18 4NH £186,000 Flat, Leasehold 04 Feb 2013 £160,000 Flat, Leasehold 06 Dec 2002 3 Clarence Terrace, Penzance, Cornwall TR18 2PZ £245,000 Terraced, Freehold 01 Feb 2013 4 bedrooms £180,000 Terraced, Freehold 23 Aug 2002 5 Clarence Street, Penzance, Cornwall TR18 2NU £247,500 Terraced, Freehold 01 Feb 2013 4 bedrooms £118,000 Terraced, Freehold 26 Mar 2001 36 Chapel Street, Penzance, Cornwall TR18 4AQ £340,000 Terraced, Freehold 25 Jan 2013 4 bedrooms £310,000 Terraced, Freehold 03 Jan 2007 £175,000 Terraced, Freehold 25 Jul 2001 2 Churchway, Madron, Penzance, Cornwall TR20 8RT £330,000 Detached, Freehold 25 Jan 2013 4 bedrooms £126,000 Detached, Freehold (New Build) 27 Jun 2000 19 Boscathnoe Way, Penzance, Cornwall TR18 3JR £240,000 Semi-Detached, Freehold 25 Jan 2013 4 bedrooms £210,000 Semi-Detached, Freehold 11 Nov 2005 £69,995 Semi-Detached, Freehold 02 Jul 1999 5 Wellington Place, Penzance, Cornwall TR18 4SR £227,500 Terraced, Freehold 18 Jan 2013 3 bedrooms £250,000 Terraced, Freehold 30 May 2006 11 South Terrace, Penzance, Cornwall TR18 4DP £200,000 Terraced, Freehold 18 Jan 2013 2 bedrooms £200,000 Terraced, Freehold 16 Mar 2007 Flat 4, 1 Belmont Villas, Penzance, Cornwall TR18 4HY £104,500 Flat, Leasehold 18 Jan 2013 £143,500 Flat, Leasehold 09 Aug 2006 16 Weethes Cottages, Penzance, Cornwall TR18 2RP £127,500 Semi-Detached, Freehold 18 Jan 2013 2 bedrooms £138,000 Terraced, Freehold 29 Jul 2005 £49,000 Terraced, Freehold 11 Jun 1999 8 Pendarves Road, Penzance, Cornwall TR18 2AJ £218,500 Terraced, Freehold 14 Jan 2013 4 bedrooms £73,000 Terraced, Freehold 09 Jun 1999 14 St Clare Street, Penzance, Cornwall TR18 2PB £99,000 Terraced, Freehold 20 Dec 2012 3 bedrooms £138,000 Terraced, Freehold 01 Oct 2004 8 Helnoweth Hill, Gulval, Penzance, Cornwall TR18 3DS £157,500 Terraced, Freehold 20 Dec 2012 3 bedrooms £50,000 Terraced, Freehold 11 May 2001 6 Bloom Fields, Tredarvah, Penzance, Cornwall TR18 4JY £220,000 Semi-Detached, Freehold 20 Dec 2012 2 bed £205,000 Detached, Freehold 14 Jun 2006 15 Bay View Terrace, Penzance, Cornwall TR18 4HS £224,000 Terraced, Freehold 20 Dec 2012 3 bedrooms £200,000 Terraced, Freehold 24 Jul 2009 £163,000 Terraced, Freehold 07 Apr 2004 £87,500 Terraced, Freehold 01 Sep 2000 Flat 3, 6 Alverton Terrace, Penzance, Cornwall TR18 4JH £110,500 Flat, Leasehold 19 Dec 2012 £166,500 Flat, Leasehold 29 Sep 2004 £65,000 Flat, Leasehold 30 Jan 2001 £44,000 Flat, Leasehold 21 Apr 1999 16 Lannoweth Road, Penzance, Cornwall TR18 3AB £210,000 Terraced, Freehold 19 Dec 2012 £227,000 Terraced, Freehold 26 Apr 2005 £202,500 Terraced, Freehold 21 Nov 2003 6 Adelaide Street, Penzance, Cornwall TR18 2ER £123,000 Terraced, Freehold 14 Dec 2012 2 bedrooms £130,000 Terraced, Freehold 21 Dec 2004 £112,000 Terraced, Freehold 22 Jan 2004 20 Poltair Terrace, Heamoor, Penzance, Cornwall TR18 3EG £194,000 Terraced, Freehold 14 Dec 2012 3 bedrooms £120,000 Terraced, Freehold 28 Mar 2003 £58,950 Terraced, Freehold 21 Sep 1999 20 Chyandour Cliff, Penzance, Cornwall TR18 3LQ £138,500 Flat, Freehold 14 Dec 2012 2 bedrooms £154,500 Flat, Freehold 07 Jan 2011 Flat 6, Abbey Court, Abbey Street, Penzance, Cornwall TR18 4AR £210,000 Flat, Leasehold 12 Dec 2012 2 bedrooms £87,500 Flat, Leasehold 02 Jun 2000 14 Clements Road, Penzance, Cornwall TR18 4LL £381,000 Semi-Detached, Freehold 11 Dec 2012 6 bedrooms £382,000 Semi-Detached, Freehold 11 Dec 2012 £302,500 Semi-Detached, Freehold 14 Jun 2005 £235,000 Semi-Detached, Freehold 08 Mar 2004 1 Penare Terrace, Penzance, Cornwall TR18 2DS £227,000 Terraced, Freehold 11 Dec 2012 4 bedrooms £230,000 Semi-Detached, Freehold 27 Sep 2006 £116,000 Semi-Detached, Freehold 24 Jan 2003 £54,950 Semi-Detached, Freehold 03 Dec 1999 £78,250 Detached, Freehold 08 Sep 1999 £68,000 Detached, Freehold 18 Aug 1995 The Mews, Rosehill, Penzance, Cornwall TR20 8TE £685,000 Detached, Freehold 11 Dec 2012 6 bedrooms £682,000 Detached, Freehold 01 Jun 2006 £208,000 Detached, Freehold 15 Feb 1999 14 Clements Road, Penzance, Cornwall TR18 4LL £381,000 Semi-Detached, Freehold 11 Dec 2012 6 bedrooms £382,000 Semi-Detached, Freehold 11 Dec 2012 £302,500 Semi-Detached, Freehold 14 Jun 2005 £235,000 Semi-Detached, Freehold 08 Mar 2004 2 Treneglos Terrace, Gulval, Penzance, Cornwall TR18 3BL £172,500 Terraced, Freehold 10 Dec 2012 2 bedrooms £80,000 Terraced, Freehold 20 Dec 2001 10 Leskinnick Place, Penzance, Cornwall TR18 2EZ £142,950 Terraced, Freehold 03 Dec 2012 2 bedrooms £90,000 Terraced, Freehold 22 Nov 2010 27 Alexandra Gardens, Penzance, Cornwall TR18 4SY £245,000 Detached, Freehold 30 Nov 2012 £87,000 Detached, Freehold 30 Nov 1999 26 Penare Road, Penzance, Cornwall TR18 3AJ £270,000 Terraced, Freehold 30 Nov 2012 5 bedrooms £97,000 Terraced, Freehold 03 Sep 2001 9 Leskinnick Place, Penzance, Cornwall TR18 2EZ £115,000 Terraced, Freehold 29 Nov 2012 1 bedroom £115,000 Terraced, Freehold 11 Sep 2009 11, Trafalgar Court, East Terrace, Penzance, Cornwall TR18 2TB £128,000 Flat, Leasehold 21 Nov 2012 £224,950 Flat, Leasehold (New Build) 25 Aug 2006 8 Alma Place, Penzance, Cornwall TR18 2BX £165,000 Terraced, Freehold 13 Nov 2012 2 bedrooms £179,950 Terraced, Freehold 25 Aug 2006 £125,000 Terraced, Freehold 04 Jan 2005 8 Penare Terrace, Penzance, Cornwall TR18 2DT £225,000 Semi-Detached, Freehold 09 Nov 2012 6 bedrooms £82,000 Semi-Detached, Freehold 21 Jan 2000 7 St Marys Terrace, Penzance, Cornwall TR18 4DZ £462,500 Terraced, Freehold 08 Nov 2012 4 bedrooms £128,000 Terraced, Freehold 15 Nov 2000 89 Barnfield Gardens, Gulval, Penzance, Cornwall TR18 3RH £164,000 Semi-Detached, Freehold 05 Nov 2012 2 bedrooms £177,000 Semi-Detached, Freehold 25 Jun 2010 £154,000 Semi-Detached, Freehold 26 Aug 2005 16 Lariggan Crescent, Penzance, Cornwall TR18 4NH £292,500 Detached, Freehold 02 Nov 2012 £284,000 Detached, Freehold 03 Jun 2009 £250,000 Detached, Freehold 19 Jun 2006 3 Manor Place, Heamoor, Penzance, Cornwall TR18 3HJ £210,000 Semi-Detached, Freehold 02 Nov 2012 3 bedrooms £95,500 Semi-Detached, Freehold 23 Mar 2001 8 Gwel Lewern, Eastern Green, Penzance, Cornwall TR18 3AX £220,000 Semi-Detached, Freehold 26 Oct 2012 4 bedrooms £78,950 Semi-Detached, Freehold (New Build) 16 May 2002 Ground Floor Apartment, 2 Belmont Villas, Penzance, Cornwall TR18 4HY £122,000 Flat, Leasehold 26 Oct 2012 £118,000 Flat, Leasehold 25 Feb 2011 £115,000 Flat, Leasehold (New Build) 05 Aug 2005 1 Rosevean Cottages, Penzance, Cornwall TR18 2DZ £85,000 Terraced, Freehold 18 Oct 2012 1 bedroom £85,000 Terraced, Freehold 18 Jul 2003 57 Belgravia Street, Penzance, Cornwall TR18 2BL £125,000 Terraced, Freehold 17 Oct 2012 3 bedrooms £60,000 Terraced, Freehold 16 Jun 2000 5, Tregoddick Cottages Madron, Penzance, Cornwall TR20 8SS £144,000 Terraced, Freehold 15 Oct 2012 £165,000 Terraced, Freehold 18 Nov 2005 Flat 12, Leskinnick House, Leskinnick Place, Penzance, Cornwall TR18 2EZ £85,000 Flat, Leasehold 11 Oct 2012 £125,000 Flat, Leasehold (New Build) 28 Apr 2009 30, Trafalgar Court, East Terrace, Penzance, Cornwall TR18 2TB £125,000 Flat, Leasehold 10 Oct 2012 £173,950 Flat, Leasehold (New Build) 21 Jul 2006 3 York Street, Penzance, Cornwall TR18 2PW £151,000 Terraced, Freehold 28 Sep 2012 2 bedrooms £168,000 Terraced, Freehold 01 Dec 2006 £70,000 Terraced, Freehold 23 Aug 2001 £48,750 Terraced, Freehold 24 Nov 1999 1 Morrab Place, Penzance, Cornwall TR18 4DG £249,950 Terraced, Freehold 28 Sep 2012 £246,500 Terraced, Freehold 12 Jun 2009 £246,500 Terraced, Freehold 12 Jun 2009 4 Redinnick Gardens, Penzance, Cornwall TR18 4JF £189,500 Terraced, Freehold 26 Sep 2012 2 bedrooms £192,500 Terraced, Freehold 18 Mar 2005 53 Manor Way, Heamoor, Penzance, Cornwall TR18 3HL £197,500 Terraced, Freehold 21 Sep 2012 3 bedrooms £199,000 Terraced, Freehold 08 Jul 2009 81 Tremaine Close, Heamoor, Penzance, Cornwall TR18 3QS £120,000 Flat, Leasehold 14 Sep 2012 1 bedroom £120,000 Terraced, Leasehold 14 Sep 2012 £130,000 Terraced, Leasehold 30 Jun 2006 81 Tremaine Close, Heamoor, Penzance, Cornwall TR18 3QS £120,000 Flat, Leasehold 14 Sep 2012 1 bedroom £120,000 Terraced, Leasehold 14 Sep 2012 £130,000 Terraced, Leasehold 30 Jun 2006 1 Bloom Fields, Tredarvah, Penzance, Cornwall TR18 4JY £215,000 Semi-Detached, Freehold 12 Sep 2012 3 bedrooms £87,000 Semi-Detached, Freehold 27 Jan 2000 8 Parc Letta, Heamoor, Penzance, Cornwall TR18 3EF £162,000 Terraced, Freehold 05 Sep 2012 3 bedrooms £175,000 Terraced, Freehold 09 Feb 2007 £120,000 Terraced, Freehold 07 Mar 2003 9 Trevarrack Lane, Gulval, Penzance, Cornwall TR18 3DQ £195,000 Semi-Detached, Freehold 21 Aug 2012 2 bedrooms £119,500 Semi-Detached, Freehold 17 Apr 2002 Fingle, Castle Road, Penzance, Cornwall TR18 2AX £250,000 Terraced, Freehold 20 Aug 2012 3 bedrooms £245,000 Terraced, Freehold 08 Aug 2008 £225,000 Semi-Detached, Freehold 19 Dec 2005 Mennaye Cottage, Mennaye, Penzance, Cornwall TR18 4NN £272,000 Detached, Freehold (New Build) 17 Aug 2012 3 bedrooms 63 St James Street, Penzance, Cornwall TR18 2BU £135,000 Terraced, Freehold 16 Aug 2012 2 bedrooms £87,000 Terraced, Freehold 15 Nov 2002 32 Bay View Terrace, Penzance, Cornwall TR18 4HS £210,000 Terraced, Freehold 03 Aug 2012 £188,000 Terraced, Freehold 27 Oct 2004 24 Alma Place, Heamoor, Penzance, Cornwall TR18 3ES £184,000 Terraced, Freehold 27 Jul 2012 3 bedrooms £125,000 Terraced, Freehold 06 Nov 2009 17 Victoria Square, Penzance, Cornwall TR18 2EP £145,000 Terraced, Freehold 27 Jul 2012 2 bedrooms £170,000 Terraced, Freehold 27 Sep 2007 £61,950 Terraced, Freehold 25 May 2001 11 Richmond Street, Penzance, Cornwall TR18 2PP £157,500 Terraced, Freehold 25 Jul 2012 3 bedrooms £135,000 Terraced, Freehold 07 Apr 2008 2 Lidden Crescent, Penzance, Cornwall TR18 4PD £265,000 Detached, Freehold 20 Jul 2012 3 bedrooms £155,000 Semi-Detached, Freehold 26 Apr 2002 Long Barn, Ivy Lane, Penzance, Cornwall TR18 4TF £399,950 Semi-Detached, Freehold 20 Jul 2012 £382,500 Semi-Detached, Freehold 04 Dec 2006 £185,000 Semi-Detached, Freehold 08 Mar 2001 30 Alexandra Gardens, Penzance, Cornwall TR18 4SY £267,500 Detached, Freehold 19 Jul 2012 £276,500 Detached, Freehold 30 Jun 2005 3 Trevarrack Lane, Gulval, Penzance, Cornwall TR18 3DQ £185,500 Semi-Detached, Freehold 17 Jul 2012 2 bedrooms £168,000 Semi-Detached, Freehold 07 Mar 2005 Flat 1, 17 Morrab Road, Penzance, Cornwall TR18 4EZ £125,000 Flat, Leasehold 16 Jul 2012 £125,000 Flat, Leasehold 13 Mar 2008 Penalva, Alexandra Road, Penzance, Cornwall TR18 4LZ £250,000 Terraced, Freehold 13 Jul 2012 £360,000 Terraced, Freehold 30 Mar 2007 £250,000 Terraced, Freehold 12 Sep 2003 Flat 7, 38 Chapel Street, Penzance, Cornwall TR18 4AQ £178,000 Flat, Leasehold 13 Jul 2012 £120,000 Flat, Leasehold 14 Jul 2004 £85,000 Flat, Leasehold 23 Jan 2004 Flat 1, 19 Penlee Manor Drive, Penzance, Cornwall TR18 4HW £130,500 Flat, Freehold 12 Jul 2012 £130,500 Flat, Freehold 19 Jan 2012 £117,750 Flat, Freehold 22 Aug 2003 £82,500 Flat, Freehold 06 Dec 2000 31 Boscathnoe Way, Penzance, Cornwall TR18 3JS £175,000 Terraced, Freehold 06 Jul 2012 3 bedrooms £180,000 Terraced, Freehold 22 Dec 2005 9 - 10 Jamaica Place, Heamoor, Penzance, Cornwall TR18 3HG £199,950 Terraced, Freehold 04 Jul 2012 £188,000 Terraced, Freehold 17 May 2004 2 Penlee Street, Penzance, Cornwall TR18 2DE £82,000 Terraced, Freehold 03 Jul 2012 £76,000 Semi-Detached, Freehold 30 May 2002 Flat 3, 33 Morrab Road, Penzance, Cornwall TR18 4EZ £96,000 Flat, Leasehold 03 Jul 2012 £65,000 Flat, Leasehold 21 Feb 2003 6 Nevada Place, Heamoor, Penzance, Cornwall TR18 3EY £155,000 Terraced, Freehold 02 Jul 2012 2 bedrooms £140,000 Terraced, Freehold 16 Jun 2006 £69,950 Terraced, Freehold 30 Nov 2001 15 Kings Road, Penzance, Cornwall TR18 4LH £325,000 Semi-Detached, Freehold 29 Jun 2012 5 bedrooms £169,950 Semi-Detached, Freehold 16 Jun 2000 Flat 7, Alverton Court, Alverton Road, Penzance, Cornwall TR18 4TJ £141,000 Flat, Leasehold 28 Jun 2012 2 bedrooms £220,000 Flat, Leasehold (New Build) 10 Sep 2007 23 High Street, Penzance, Cornwall TR18 2SX £143,000 Terraced, Freehold 25 Jun 2012 2 bedrooms £150,000 Terraced, Freehold 26 Jun 2008 Flat 2, 75 St James Street, Penzance, Cornwall TR18 2BU £80,000 Flat, Leasehold 22 Jun 2012 £40,000 Flat, Leasehold (New Build) 22 Nov 2002 58 Trevean Road, Penzance, Cornwall TR18 2RT £130,000 Terraced, Freehold 12 Jun 2012 2 bedrooms £138,500 Semi-Detached, Freehold 31 Aug 2006 47 Daniel Place, Penzance, Cornwall TR18 4DU £102,000 Terraced, Freehold 08 Jun 2012 3 bedrooms £95,000 Terraced, Freehold 24 Aug 2007 4 Bloom Fields, Tredarvah, Penzance, Cornwall TR18 4JY £205,000 Detached, Freehold 07 Jun 2012 3 bedrooms £72,000 Detached, Freehold 29 Jan 1999 5 Bellair Road, Madron, Penzance, Cornwall TR20 8SP £174,995 Terraced, Freehold 07 Jun 2012 2 bedrooms £70,000 Terraced, Freehold 30 Oct 2001 Ground Floor, Mount Street Chapel, Mount Street, Penzance, Cornwall TR18 2EU £85,000 Flat, Leasehold 06 Jun 2012 £65,000 Flat, Leasehold 22 Jun 2011 Flat 3, 75 St James Street, Penzance, Cornwall TR18 2BU £95,000 Flat, Leasehold 01 Jun 2012 £40,000 Flat, Leasehold (New Build) 22 Nov 2002 1 Holly Terrace, Heamoor, Penzance, Cornwall TR18 3EJ £165,000 Terraced, Freehold 31 May 2012 2 bedrooms £135,000 Terraced, Freehold 06 Aug 2004 6 Toltuff Crescent, Penzance, Cornwall TR18 4QD £235,000 Detached, Freehold 31 May 2012 2 bedrooms £115,000 Detached, Freehold 20 Dec 2000 23 Trenoweth Road, Penzance, Cornwall TR18 4RS £147,000 Terraced, Freehold 30 May 2012 2 bedrooms £146,000 Terraced, Freehold 11 Feb 2005 Devon Cottage, Leskinnick Place, Penzance, Cornwall TR18 2EZ £150,000 Terraced, Leasehold 30 May 2012 £59,000 Terraced, Leasehold 01 Jun 2010
  12. It's often a bit depressing reading the thread "Cornwall Watchers"........ some bland bungalow on for £450k coz 'it's within sight of the sea'. But what prices are actually being achieved and are these prices achieved actually going up or down? I have selected one area (Penzance) and done the Rightmove search for ' House Prices in Penzance' . I accept there there are errors / omissions so this is just for fun. This first post lists all properties sold in the last year, for completeness. My second post will list only those properties that show a sales 'history' i.e. have sold more than once since 1999. 189 sold properties found 2 Treneere Lane, Heamoor, Penzance, Cornwall TR18 3LB £200,000 Detached, Freehold 19 Mar 2013 3 bedrooms Reens Farmhouse, Church Road, Heamoor, Penzance, Cornwall TR18 3JB £295,000 Detached, Freehold 18 Mar 2013 4 bedrooms £285,000 Detached, Freehold 08 Aug 2003 11 Daniel Place, Penzance, Cornwall TR18 4DU £145,000 Terraced, Freehold 13 Mar 2013 2 bedrooms £142,500 Terraced, Freehold 29 Sep 2008 £128,950 Terraced, Freehold 20 Jan 2004 £48,000 Terraced, Freehold 21 May 1999 51, The Flats, Jelbert Way, Eastern Green, Penzance, Cornwall TR18 3DW £61,000 Flat, Freehold 08 Mar 2013 £57,500 Flat, Freehold 13 May 2004 £25,500 Flat, Freehold 17 Apr 2001 3 Polwithen Road, Penzance, Cornwall TR18 4JS £235,000 Semi-Detached, Freehold 08 Mar 2013 3 bedrooms 4 Caldwells Road, Penzance, Cornwall TR18 2BN £115,000 Terraced, Freehold 08 Mar 2013 £115,000 Terraced, Freehold 23 Jul 2004 1 St Marys Street, Penzance, Cornwall TR18 2DH £165,000 Terraced, Freehold 08 Mar 2013 4 bedrooms 24 Donnington Road, Penzance, Cornwall TR18 4PQ £560,000 Detached, Freehold 08 Mar 2013 4 bedrooms £325,000 Detached, Freehold 03 Jul 2002 £250,000 Detached, Freehold 01 Sep 2000 5 Alexandra Gardens, Penzance, Cornwall TR18 4SY £238,000 Detached, Freehold 07 Mar 2013 21 Rosparvah Gardens, Heamoor, Penzance, Cornwall TR18 3EA £245,000 Semi-Detached, Freehold 28 Feb 2013 4 bedrooms £175,000 Semi-Detached, Freehold 18 Dec 2002 21, The Flats, Jelbert Way, Eastern Green, Penzance, Cornwall TR18 3DW £55,100 Flat, Freehold 27 Feb 2013 11 Clements Road, Penzance, Cornwall TR18 4LL £260,000 Semi-Detached, Freehold 27 Feb 2013 3 bedrooms 31 Trenoweth Road, Penzance, Cornwall TR18 4RS £145,000 Terraced, Freehold 22 Feb 2013 2 bedrooms 7 Parc Wartha Avenue, Penzance, Cornwall TR18 2RY £176,000 Terraced, Freehold 18 Feb 2013 3 bedrooms £135,000 Terraced, Freehold 16 Sep 2005 15 Manor Way, Heamoor, Penzance, Cornwall TR18 3HY £225,000 Semi-Detached, Freehold 18 Feb 2013 3 bedrooms 27 Parc Letta, Heamoor, Penzance, Cornwall TR18 3EF £131,000 Terraced, Freehold 15 Feb 2013 3 bedrooms 10 Taroveor Terrace, Penzance, Cornwall TR18 2SY £130,000 Terraced, Freehold 12 Feb 201 32 Penare Gardens, Penzance, Cornwall TR18 2AR £170,000 Terraced, Freehold 08 Feb 2013 2 bedrooms £155,000 Terraced, Freehold 29 Jun 2009 4 South Parade, Penzance, Cornwall TR18 4DJ £485,000 Terraced, Freehold 08 Feb 2013 5 bedrooms £480,000 Terraced, Freehold 11 Apr 2011 £440,000 Terraced, Freehold 30 Oct 2007 £198,500 Terraced, Freehold 21 Sep 2000 4 Hill Close, Penzance, Cornwall TR18 3JX £245,000 Detached, Freehold 06 Feb 2013 3 bedrooms £194,000 Semi-Detached, Freehold 02 Jul 2010 Flat 2 West Wing, 25 Lariggan Crescent, Penzance, Cornwall TR18 4NH £186,000 Flat, Leasehold 04 Feb 2013 £160,000 Flat, Leasehold 06 Dec 2002 Chapel House, Chapel Street, Penzance, Cornwall TR18 4AQ £540,000 Terraced, Freehold 01 Feb 2013 3 Clarence Terrace, Penzance, Cornwall TR18 2PZ £245,000 Terraced, Freehold 01 Feb 2013 4 bedrooms £180,000 Terraced, Freehold 23 Aug 2002 Memorial House, Bellair Road, Madron, Penzance, Cornwall TR20 8SP £271,000 Detached, Freehold 01 Feb 2013 3 bedrooms 5 Clarence Street, Penzance, Cornwall TR18 2NU £247,500 Terraced, Freehold 01 Feb 2013 4 bedrooms £118,000 Terraced, Freehold 26 Mar 2001 £70,500 Terraced, Freehold 12 Oct 1999 34 Daniel Place, Penzance, Cornwall TR18 4DU £79,000 Terraced, Freehold 31 Jan 2013 2 bedrooms 54 Adelaide Street, Penzance, Cornwall TR18 2ER £104,500 Terraced, Freehold 28 Jan 2013 3 bedrooms 36 Chapel Street, Penzance, Cornwall TR18 4AQ £340,000 Terraced, Freehold 25 Jan 2013 4 bedrooms £310,000 Terraced, Freehold 03 Jan 2007 £175,000 Terraced, Freehold 25 Jul 2001 2 Churchway, Madron, Penzance, Cornwall TR20 8RT £330,000 Detached, Freehold 25 Jan 2013 4 bedrooms £126,000 Detached, Freehold (New Build) 27 Jun 2000 15 Polventon Close, Heamoor, Penzance, Cornwall TR18 3LD £190,000 Terraced, Freehold 25 Jan 2013 3 bedrooms Flat 2, Cranfield, Alexandra Road, Penzance, Cornwall TR18 4LZ £179,000 Flat, Leasehold 25 Jan 2013 19 Boscathnoe Way, Penzance, Cornwall TR18 3JR £240,000 Semi-Detached, Freehold 25 Jan 2013 4 bedrooms £210,000 Semi-Detached, Freehold 11 Nov 2005 £69,995 Semi-Detached, Freehold 02 Jul 1999 22 New Street, Penzance, Cornwall TR18 2NE £125,000 Terraced, Freehold 24 Jan 2013 5 Wellington Place, Penzance, Cornwall TR18 4SR £227,500 Terraced, Freehold 18 Jan 2013 3 bedrooms £250,000 Terraced, Freehold 30 May 2006 11 South Terrace, Penzance, Cornwall TR18 4DP £200,000 Terraced, Freehold 18 Jan 2013 2 bedrooms £200,000 Terraced, Freehold 16 Mar 2007 Flat 4, 1 Belmont Villas, Penzance, Cornwall TR18 4HY £104,500 Flat, Leasehold 18 Jan 2013 £143,500 Flat, Leasehold 09 Aug 2006 The Cressars, 2, Old Police House, Chyandour Cliff, Penzance, Cornwall TR18 3LJ £281,500 Flat, Freehold 18 Jan 2013 16 Weethes Cottages, Penzance, Cornwall TR18 2RP £127,500 Semi-Detached, Freehold 18 Jan 2013 2 bedrooms £138,000 Terraced, Freehold 29 Jul 2005 £49,000 Terraced, Freehold 11 Jun 1999 23 Morrab Road, Penzance, Cornwall TR18 4EZ £240,000 Terraced, Freehold 16 Jan 2013 4 bedrooms 8 Pendarves Road, Penzance, Cornwall TR18 2AJ £218,500 Terraced, Freehold 14 Jan 2013 4 bedrooms £73,000 Terraced, Freehold 09 Jun 1999 12 Trevarrack Road, Gulval, Penzance, Cornwall TR18 3DD £170,000 Terraced, Freehold 03 Jan 2013 2 bedrooms 14 St Clare Street, Penzance, Cornwall TR18 2PB £99,000 Terraced, Freehold 20 Dec 2012 3 bedrooms £138,000 Terraced, Freehold 01 Oct 2004 8 Helnoweth Hill, Gulval, Penzance, Cornwall TR18 3DS £157,500 Terraced, Freehold 20 Dec 2012 3 bedrooms £50,000 Terraced, Freehold 11 May 2001 6 Bloom Fields, Tredarvah, Penzance, Cornwall TR18 4JY £220,000 Semi-Detached, Freehold 20 Dec 2012 2 bedrooms £205,000 Detached, Freehold 14 Jun 2006 15 Bay View Terrace, Penzance, Cornwall TR18 4HS £224,000 Terraced, Freehold 20 Dec 2012 3 bedrooms £200,000 Terraced, Freehold 24 Jul 2009 £163,000 Terraced, Freehold 07 Apr 2004 £87,500 Terraced, Freehold 01 Sep 2000 Flat 3, 6 Alverton Terrace, Penzance, Cornwall TR18 4JH £110,500 Flat, Leasehold 19 Dec 2012 £166,500 Flat, Leasehold 29 Sep 2004 £65,000 Flat, Leasehold 30 Jan 2001 £44,000 Flat, Leasehold 21 Apr 1999 16 Lannoweth Road, Penzance, Cornwall TR18 3AB £210,000 Terraced, Freehold 19 Dec 2012 £227,000 Terraced, Freehold 26 Apr 2005 £202,500 Terraced, Freehold 21 Nov 2003 6 Adelaide Street, Penzance, Cornwall TR18 2ER £123,000 Terraced, Freehold 14 Dec 2012 2 bedrooms £130,000 Terraced, Freehold 21 Dec 2004 £112,000 Terraced, Freehold 22 Jan 2004 20 Poltair Terrace, Heamoor, Penzance, Cornwall TR18 3EG £194,000 Terraced, Freehold 14 Dec 2012 3 bedrooms £120,000 Terraced, Freehold 28 Mar 2003 £58,950 Terraced, Freehold 21 Sep 1999 20 Chyandour Cliff, Penzance, Cornwall TR18 3LQ £138,500 Flat, Freehold 14 Dec 2012 2 bedrooms £154,500 Flat, Freehold 07 Jan 2011 22 Tolver Road, Penzance, Cornwall TR18 2AG £150,000 Terraced, Freehold 12 Dec 2012 3 bedrooms 42 Alexandra Gardens, Penzance, Cornwall TR18 4SY £262,500 Detached, Freehold 12 Dec 2012 11 Garth Road, Newlyn, Penzance, Cornwall TR18 5QJ £175,000 Detached, Freehold 12 Dec 2012 3 bedrooms Flat 6, Abbey Court, Abbey Street, Penzance, Cornwall TR18 4AR £210,000 Flat, Leasehold 12 Dec 2012 2 bedrooms £87,500 Flat, Leasehold 02 Jun 2000 14 Clements Road, Penzance, Cornwall TR18 4LL £381,000 Semi-Detached, Freehold 11 Dec 2012 6 bedrooms £382,000 Semi-Detached, Freehold 11 Dec 2012 £302,500 Semi-Detached, Freehold 14 Jun 2005 £235,000 Semi-Detached, Freehold 08 Mar 2004 1 Penare Terrace, Penzance, Cornwall TR18 2DS £227,000 Terraced, Freehold 11 Dec 2012 4 bedrooms £230,000 Semi-Detached, Freehold 27 Sep 2006 £116,000 Semi-Detached, Freehold 24 Jan 2003 £54,950 Semi-Detached, Freehold 03 Dec 1999 £78,250 Detached, Freehold 08 Sep 1999 £68,000 Detached, Freehold 18 Aug 1995 The Mews, Rosehill, Penzance, Cornwall TR20 8TE £685,000 Detached, Freehold 11 Dec 2012 6 bedrooms £682,000 Detached, Freehold 01 Jun 2006 £208,000 Detached, Freehold 15 Feb 1999 14 Clements Road, Penzance, Cornwall TR18 4LL £381,000 Semi-Detached, Freehold 11 Dec 2012 6 bedrooms £382,000 Semi-Detached, Freehold 11 Dec 2012 £302,500 Semi-Detached, Freehold 14 Jun 2005 £235,000 Semi-Detached, Freehold 08 Mar 2004 2 Treneglos Terrace, Gulval, Penzance, Cornwall TR18 3BL £172,500 Terraced, Freehold 10 Dec 2012 2 bedrooms £80,000 Terraced, Freehold 20 Dec 2001 11 Harbour View Crescent, Penzance, Cornwall TR18 2AZ £219,000 Semi-Detached, Freehold 07 Dec 2012 3 bedrooms Flat 4, Penrose House, Chyandour Cliff, Penzance, Cornwall TR18 3LQ £145,000 Flat, Leasehold 06 Dec 2012 9 St Marys Terrace, Penzance, Cornwall TR18 4DZ £432,500 Terraced, Freehold 06 Dec 2012 4 bedrooms 10 Leskinnick Place, Penzance, Cornwall TR18 2EZ £142,950 Terraced, Freehold 03 Dec 2012 2 bedrooms £90,000 Terraced, Freehold 22 Nov 2010 27 Alexandra Gardens, Penzance, Cornwall TR18 4SY £245,000 Detached, Freehold 30 Nov 2012 £87,000 Detached, Freehold 30 Nov 1999 26 Penare Road, Penzance, Cornwall TR18 3AJ £270,000 Terraced, Freehold 30 Nov 2012 5 bedrooms £97,000 Terraced, Freehold 03 Sep 2001 Flat 9, Royale Court, Chyandour Cliff, Penzance, Cornwall TR18 3LQ £97,000 Flat, Leasehold 29 Nov 2012 9 Leskinnick Place, Penzance, Cornwall TR18 2EZ £115,000 Terraced, Freehold 29 Nov 2012 1 bedroom £115,000 Terraced, Freehold 11 Sep 2009 Flat 3, 17 Morrab Road, Penzance, Cornwall TR18 4EZ £48,000 Flat, Leasehold 27 Nov 2012 Agans, Trythogga, Gulval, Penzance, Cornwall TR18 3LY £170,000 Semi-Detached, Freehold 26 Nov 2012 11, Trafalgar Court, East Terrace, Penzance, Cornwall TR18 2TB £128,000 Flat, Leasehold 21 Nov 2012 £224,950 Flat, Leasehold (New Build) 25 Aug 2006 Finings, 13 Landeryon Gardens, Penzance, Cornwall TR18 4JN £440,000 Detached, Freehold 20 Nov 2012 3 bedrooms 90 The Ropewalk, Penzance, Cornwall TR18 4QL £181,000 Semi-Detached, Freehold 15 Nov 2012 3 bedrooms 33 Reens Crescent, Heamoor, Penzance, Cornwall TR18 3HW £185,000 Detached, Freehold 14 Nov 2012 8 Alma Place, Penzance, Cornwall TR18 2BX £165,000 Terraced, Freehold 13 Nov 2012 2 bedrooms £179,950 Terraced, Freehold 25 Aug 2006 £125,000 Terraced, Freehold 04 Jan 2005 16 Alma Place, Heamoor, Penzance, Cornwall TR18 3ES £133,500 Terraced, Freehold 13 Nov 2012 1 Wellington Place, Penzance, Cornwall TR18 4SR £205,000 Terraced, Freehold 09 Nov 2012 3 bedrooms 8 Penare Terrace, Penzance, Cornwall TR18 2DT £225,000 Semi-Detached, Freehold 09 Nov 2012 6 bedrooms £82,000 Semi-Detached, Freehold 21 Jan 2000 7 St Marys Terrace, Penzance, Cornwall TR18 4DZ £462,500 Terraced, Freehold 08 Nov 2012 4 bedrooms £128,000 Terraced, Freehold 15 Nov 2000 3 Garth Road, Newlyn, Penzance, Cornwall TR18 5QJ £275,000 Detached, Freehold 06 Nov 2012 3 bedrooms The Penthouse 11, Penrose Court, Chyandour Cliff, Penzance, Cornwall TR18 3LG £250,000 Flat, Leasehold 05 Nov 2012 24 Alexandra Gardens, Penzance, Cornwall TR18 4SY £248,500 Detached, Freehold 05 Nov 2012 3 bedrooms 89 Barnfield Gardens, Gulval, Penzance, Cornwall TR18 3RH £164,000 Semi-Detached, Freehold 05 Nov 2012 2 bedrooms £177,000 Semi-Detached, Freehold 25 Jun 2010 £154,000 Semi-Detached, Freehold 26 Aug 2005 16 Lariggan Crescent, Penzance, Cornwall TR18 4NH £292,500 Detached, Freehold 02 Nov 2012 £284,000 Detached, Freehold 03 Jun 2009 £250,000 Detached, Freehold 19 Jun 2006 3 Manor Place, Heamoor, Penzance, Cornwall TR18 3HJ £210,000 Semi-Detached, Freehold 02 Nov 2012 3 bedrooms £95,500 Semi-Detached, Freehold 23 Mar 2001 15 Toltuff Crescent, Penzance, Cornwall TR18 4QD £166,000 Detached, Freehold 02 Nov 2012 2 bedrooms 8 Gwel Lewern, Eastern Green, Penzance, Cornwall TR18 3AX £220,000 Semi-Detached, Freehold 26 Oct 2012 4 bedrooms £78,950 Semi-Detached, Freehold (New Build) 16 May 2002 81 The Ropewalk, Penzance, Cornwall TR18 4QH £240,000 Semi-Detached, Freehold 26 Oct 2012 Flat, 58 Chapel Street, Penzance, Cornwall TR18 4AE £125,000 Flat, Freehold 26 Oct 2012 8 Penlee Manor Drive, Penzance, Cornwall TR18 4HW £216,000 Terraced, Freehold 26 Oct 2012 3 bedrooms 1, Hea Mews, Hea Corner, Heamoor, Penzance, Cornwall TR18 3HF £260,000 Semi-Detached, Freehold 26 Oct 2012 Ground Floor Apartment, 2 Belmont Villas, Penzance, Cornwall TR18 4HY £122,000 Flat, Leasehold 26 Oct 2012 £118,000 Flat, Leasehold 25 Feb 2011 £115,000 Flat, Leasehold (New Build) 05 Aug 2005 16 Mennaye Road, Penzance, Cornwall TR18 4NG £250,000 Terraced, Freehold 26 Oct 2012 6 bedrooms Melbourne House, Hea Road, Heamoor, Penzance, Cornwall TR18 3HB £117,500 Terraced, Freehold 25 Oct 2012 3 bedrooms 16 Richmond Street, Penzance, Cornwall TR18 2PP £135,000 Terraced, Freehold 25 Oct 2012 3 bedrooms Trereife Park Trereife, Penzance, Cornwall TR20 8TJ £440,000 Semi-Detached, Freehold 23 Oct 2012 62 Tredarvah Road, Penzance, Cornwall TR18 4LB £250,000 Detached, Freehold 22 Oct 2012 46 Caldwells Road, Penzance, Cornwall TR18 2BP £117,000 Terraced, Freehold 19 Oct 2012 2 bedrooms 1 Rosevean Cottages, Penzance, Cornwall TR18 2DZ £85,000 Terraced, Freehold 18 Oct 2012 1 bedroom £85,000 Terraced, Freehold 18 Jul 2003 4 Windsor Terrace, Penzance, Cornwall TR18 2PX £151,500 Terraced, Freehold 18 Oct 2012 3 bedrooms 57 Belgravia Street, Penzance, Cornwall TR18 2BL £125,000 Terraced, Freehold 17 Oct 2012 3 bedrooms £60,000 Terraced, Freehold 16 Jun 2000 5, Tregoddick Cottages Madron, Penzance, Cornwall TR20 8SS £144,000 Terraced, Freehold 15 Oct 2012 £165,000 Terraced, Freehold 18 Nov 2005 4 Richmond Street, Penzance, Cornwall TR18 2PP £145,000 Terraced, Freehold 12 Oct 2012 2 bedrooms 16 Castle Road, Penzance, Cornwall TR18 2AX £170,000 Terraced, Freehold 12 Oct 2012 Flat 2, Chycelin, Alverton Terrace, Penzance, Cornwall TR18 4JH £149,950 Flat, Leasehold 11 Oct 2012 Flat 12, Leskinnick House, Leskinnick Place, Penzance, Cornwall TR18 2EZ £85,000 Flat, Leasehold 11 Oct 2012 £125,000 Flat, Leasehold (New Build) 28 Apr 2009 30, Trafalgar Court, East Terrace, Penzance, Cornwall TR18 2TB £125,000 Flat, Leasehold 10 Oct 2012 £173,950 Flat, Leasehold (New Build) 21 Jul 2006 22 Mount Street, Penzance, Cornwall TR18 2EU £140,000 Terraced, Freehold 05 Oct 2012 3 bedrooms 3 York Street, Penzance, Cornwall TR18 2PW £151,000 Terraced, Freehold 28 Sep 2012 2 bedrooms £168,000 Terraced, Freehold 01 Dec 2006 £70,000 Terraced, Freehold 23 Aug 2001 £48,750 Terraced, Freehold 24 Nov 1999 1 Morrab Place, Penzance, Cornwall TR18 4DG £249,950 Terraced, Freehold 28 Sep 2012 £246,500 Terraced, Freehold 12 Jun 2009 £246,500 Terraced, Freehold 12 Jun 2009 67 Pendennis Road, Penzance, Cornwall TR18 2BA £139,950 Terraced, Freehold 28 Sep 2012 2 bedrooms 4 Redinnick Gardens, Penzance, Cornwall TR18 4JF £189,500 Terraced, Freehold 26 Sep 2012 2 bedrooms £192,500 Terraced, Freehold 18 Mar 2005 10 Freshbrook Close, Eastern Green, Penzance, Cornwall TR18 3RQ £110,000 Terraced, Freehold 25 Sep 2012 2 bedrooms 53 Manor Way, Heamoor, Penzance, Cornwall TR18 3HL £197,500 Terraced, Freehold 21 Sep 2012 3 bedrooms £199,000 Terraced, Freehold 08 Jul 2009 7 Tregie, Newlyn, Penzance, Cornwall TR18 5QY £180,000 Semi-Detached, Freehold 19 Sep 2012 3 bedrooms 81 Tremaine Close, Heamoor, Penzance, Cornwall TR18 3QS £120,000 Flat, Leasehold 14 Sep 2012 1 bedroom £120,000 Terraced, Leasehold 14 Sep 2012 £130,000 Terraced, Leasehold 30 Jun 2006 21 Lariggan Road, Penzance, Cornwall TR18 4NJ £250,000 Semi-Detached, Freehold 14 Sep 2012 3 bedrooms 24 Rosevean Road, Penzance, Cornwall TR18 2DU £245,000 Semi-Detached, Freehold 14 Sep 2012 4 bedrooms 2, Hea Mews, Hea Corner, Heamoor, Penzance, Cornwall TR18 3HF £250,000 Semi-Detached, Freehold 14 Sep 2012 37, The Park, Kenegie Manor, Gulval, Penzance, Cornwall TR20 8YN £65,000 Semi-Detached, Leasehold 14 Sep 2012 81 Tremaine Close, Heamoor, Penzance, Cornwall TR18 3QS £120,000 Flat, Leasehold 14 Sep 2012 1 bedroom £120,000 Terraced, Leasehold 14 Sep 2012 £130,000 Terraced, Leasehold 30 Jun 2006 1 Bloom Fields, Tredarvah, Penzance, Cornwall TR18 4JY £215,000 Semi-Detached, Freehold 12 Sep 2012 3 bedrooms £87,000 Semi-Detached, Freehold 27 Jan 2000 Flat 5, 9 Morrab Road, Penzance, Cornwall TR18 4EL £45,000 Flat, Leasehold 07 Sep 2012 8 Parc Letta, Heamoor, Penzance, Cornwall TR18 3EF £162,000 Terraced, Freehold 05 Sep 2012 3 bedrooms £175,000 Terraced, Freehold 09 Feb 2007 £120,000 Terraced, Freehold 07 Mar 2003 20 Lannoweth Road, Penzance, Cornwall TR18 3AB £165,000 Terraced, Freehold 03 Sep 2012 4 bedrooms 14 Rosevean Road, Penzance, Cornwall TR18 2DY £135,000 Terraced, Freehold 03 Sep 2012 2 bedrooms The Works, South Parade Mews, Penzance, Cornwall TR18 4EJ £190,000 Terraced, Freehold 28 Aug 2012 2 bedrooms 64 Trevean Road, Penzance, Cornwall TR18 2RT £148,000 Terraced, Freehold 24 Aug 2012 3 bedrooms 9 Trevarrack Lane, Gulval, Penzance, Cornwall TR18 3DQ £195,000 Semi-Detached, Freehold 21 Aug 2012 2 bedrooms £119,500 Semi-Detached, Freehold 17 Apr 2002 Flat 1, 44 Morrab Road, Penzance, Cornwall TR18 4EX £135,000 Flat, Leasehold 21 Aug 2012 Fingle, Castle Road, Penzance, Cornwall TR18 2AX £250,000 Terraced, Freehold 20 Aug 2012 3 bedrooms £245,000 Terraced, Freehold 08 Aug 2008 £225,000 Semi-Detached, Freehold 19 Dec 2005 Mennaye Cottage, Mennaye, Penzance, Cornwall TR18 4NN £272,000 Detached, Freehold (New Build) 17 Aug 2012 3 bedrooms 63 St James Street, Penzance, Cornwall TR18 2BU £135,000 Terraced, Freehold 16 Aug 2012 2 bedrooms £87,000 Terraced, Freehold 15 Nov 2002 8 Provis Road, Penzance, Cornwall TR18 4QQ £250,000 Detached, Freehold 10 Aug 2012 3 bedrooms 32 Bay View Terrace, Penzance, Cornwall TR18 4HS £210,000 Terraced, Freehold 03 Aug 2012 £188,000 Terraced, Freehold 27 Oct 2004 24 Alma Place, Heamoor, Penzance, Cornwall TR18 3ES £184,000 Terraced, Freehold 27 Jul 2012 3 bedrooms £125,000 Terraced, Freehold 06 Nov 2009 17 Victoria Square, Penzance, Cornwall TR18 2EP £145,000 Terraced, Freehold 27 Jul 2012 2 bedrooms £170,000 Terraced, Freehold 27 Sep 2007 £61,950 Terraced, Freehold 25 May 2001 2 Barton Mews, Treneere Lane, Heamoor, Penzance, Cornwall TR18 3LB £158,000 Terraced, Freehold (New Build) 27 Jul 2012 23 Treassowe Road, Penzance, Cornwall TR18 2AU £187,500 Terraced, Freehold 25 Jul 2012 3 bedrooms 11 Richmond Street, Penzance, Cornwall TR18 2PP £157,500 Terraced, Freehold 25 Jul 2012 3 bedrooms £135,000 Terraced, Freehold 07 Apr 2008 2 Lidden Crescent, Penzance, Cornwall TR18 4PD £265,000 Detached, Freehold 20 Jul 2012 3 bedrooms £155,000 Semi-Detached, Freehold 26 Apr 2002 Long Barn, Ivy Lane, Penzance, Cornwall TR18 4TF £399,950 Semi-Detached, Freehold 20 Jul 2012 £382,500 Semi-Detached, Freehold 04 Dec 2006 £185,000 Semi-Detached, Freehold 08 Mar 2001 30 Alexandra Gardens, Penzance, Cornwall TR18 4SY £267,500 Detached, Freehold 19 Jul 2012 £276,500 Detached, Freehold 30 Jun 2005 Full Circle, 20a Boscathnoe Way, Penzance, Cornwall TR18 3JP £280,000 Detached, Freehold 19 Jul 2012 3 bedrooms 19 Penarwyn Crescent, Penzance, Cornwall TR18 3JU £205,000 Detached, Freehold 19 Jul 2012 3 bedrooms 37 Mount Pleasant, Penzance, Cornwall TR18 4QU £170,000 Semi-Detached, Freehold 19 Jul 2012 2 bedrooms 36 Cardinnis Road, Penzance, Cornwall TR18 4RP £162,000 Semi-Detached, Freehold 19 Jul 2012 2 bedrooms 3 Trevarrack Lane, Gulval, Penzance, Cornwall TR18 3DQ £185,500 Semi-Detached, Freehold 17 Jul 2012 2 bedrooms £168,000 Semi-Detached, Freehold 07 Mar 2005 1 Thornberry Terrace, Penzance, Cornwall TR18 3AH £139,950 Terraced, Freehold 16 Jul 2012 2 bedrooms 6 Tretorvic, Heamoor, Penzance, Cornwall TR18 3EQ £167,500 Terraced, Freehold 16 Jul 2012 3 bedrooms Flat 1, 17 Morrab Road, Penzance, Cornwall TR18 4EZ £125,000 Flat, Leasehold 16 Jul 2012 £125,000 Flat, Leasehold 13 Mar 2008 2 Penlee View Terrace, Penzance, Cornwall TR18 4HZ £235,000 Terraced, Freehold 16 Jul 2012 4 bedrooms Penalva, Alexandra Road, Penzance, Cornwall TR18 4LZ £250,000 Terraced, Freehold 13 Jul 2012 £360,000 Terraced, Freehold 30 Mar 2007 £250,000 Terraced, Freehold 12 Sep 2003 Flat 7, 38 Chapel Street, Penzance, Cornwall TR18 4AQ £178,000 Flat, Leasehold 13 Jul 2012 £120,000 Flat, Leasehold 14 Jul 2004 £85,000 Flat, Leasehold 23 Jan 2004 15 Penpons Close, Penzance, Cornwall TR18 4PX £141,000 Terraced, Freehold 13 Jul 2012 1 Barton Mews, Treneere Lane, Heamoor, Penzance, Cornwall TR18 3LB £154,950 Terraced, Freehold (New Build) 13 Jul 2012 The Wrens, Rosehill, Penzance, Cornwall TR20 8TE £495,000 Detached, Freehold 13 Jul 2012 5 bedrooms Flat 1, 19 Penlee Manor Drive, Penzance, Cornwall TR18 4HW £130,500 Flat, Freehold 12 Jul 2012 £130,500 Flat, Freehold 19 Jan 2012 £117,750 Flat, Freehold 22 Aug 2003 £82,500 Flat, Freehold 06 Dec 2000 Flat 3, Cranfield, Alexandra Road, Penzance, Cornwall TR18 4LZ £168,000 Flat, Leasehold 12 Jul 2012 31 Boscathnoe Way, Penzance, Cornwall TR18 3JS £175,000 Terraced, Freehold 06 Jul 2012 3 bedrooms £180,000 Terraced, Freehold 22 Dec 2005 13 Rosparvah Gardens, Heamoor, Penzance, Cornwall TR18 3EA £249,950 Semi-Detached, Freehold 04 Jul 2012 4 bedrooms 9 - 10 Jamaica Place, Heamoor, Penzance, Cornwall TR18 3HG £199,950 Terraced, Freehold 04 Jul 2012 £188,000 Terraced, Freehold 17 May 2004 2 Penlee Street, Penzance, Cornwall TR18 2DE £82,000 Terraced, Freehold 03 Jul 2012 £76,000 Semi-Detached, Freehold 30 May 2002 Flat 3, 33 Morrab Road, Penzance, Cornwall TR18 4EZ £96,000 Flat, Leasehold 03 Jul 2012 £65,000 Flat, Leasehold 21 Feb 2003 6 Nevada Place, Heamoor, Penzance, Cornwall TR18 3EY £155,000 Terraced, Freehold 02 Jul 2012 2 bedrooms £140,000 Terraced, Freehold 16 Jun 2006 £69,950 Terraced, Freehold 30 Nov 2001 15 Kings Road, Penzance, Cornwall TR18 4LH £325,000 Semi-Detached, Freehold 29 Jun 2012 5 bedrooms £169,950 Semi-Detached, Freehold 16 Jun 2000 8, Lescudjack Heights, Pendennis Place, Penzance, Cornwall TR18 2FA £136,000 Flat, Leasehold (New Build) 29 Jun 2012 Flat 7, Alverton Court, Alverton Road, Penzance, Cornwall TR18 4TJ £141,000 Flat, Leasehold 28 Jun 2012 2 bedrooms £220,000 Flat, Leasehold (New Build) 10 Sep 2007 23 High Street, Penzance, Cornwall TR18 2SX £143,000 Terraced, Freehold 25 Jun 2012 2 bedrooms £150,000 Terraced, Freehold 26 Jun 2008 2 Higher Lidden Road, Penzance, Cornwall TR18 4NZ £385,000 Detached, Freehold 22 Jun 2012 3 bedrooms 43a Morrab Road, Penzance, Cornwall TR18 4EX £250,000 Terraced, Freehold 22 Jun 2012 Flat 2, 75 St James Street, Penzance, Cornwall TR18 2BU £80,000 Flat, Leasehold 22 Jun 2012 £40,000 Flat, Leasehold (New Build) 22 Nov 2002 4 Main Street, Heamoor, Penzance, Cornwall TR18 3ER £125,000 Terraced, Freehold 22 Jun 2012 3 bedrooms Flat 2, 6 Clarence Place, Penzance, Cornwall TR18 2QA £125,000 Flat, Leasehold 18 Jun 2012 58 Trevean Road, Penzance, Cornwall TR18 2RT £130,000 Terraced, Freehold 12 Jun 2012 2 bedrooms £138,500 Semi-Detached, Freehold 31 Aug 2006 7 Trerew Road, Penzance, Cornwall TR18 4RX £129,950 Flat, Leasehold 12 Jun 2012 2 bedrooms £95,000 Flat, Leasehold 03 Dec 2010 16 Trerew Road, Penzance, Cornwall TR18 4RX £158,000 Terraced, Freehold 12 Jun 2012 3 bedrooms 47 Daniel Place, Penzance, Cornwall TR18 4DU £102,000 Terraced, Freehold 08 Jun 2012 3 bedrooms £95,000 Terraced, Freehold 24 Aug 2007 4 Bloom Fields, Tredarvah, Penzance, Cornwall TR18 4JY £205,000 Detached, Freehold 07 Jun 2012 3 bedrooms £72,000 Detached, Freehold 29 Jan 1999 7 Trevena Close, Penzance, Cornwall TR18 4QG £250,000 Detached, Freehold 07 Jun 2012 3 bedrooms 5 Bellair Road, Madron, Penzance, Cornwall TR20 8SP £174,995 Terraced, Freehold 07 Jun 2012 2 bedrooms £70,000 Terraced, Freehold 30 Oct 2001 Ground Floor, Mount Street Chapel, Mount Street, Penzance, Cornwall TR18 2EU £85,000 Flat, Leasehold 06 Jun 2012 £65,000 Flat, Leasehold 22 Jun 2011 Flat 3, 75 St James Street, Penzance, Cornwall TR18 2BU £95,000 Flat, Leasehold 01 Jun 2012 £40,000 Flat, Leasehold (New Build) 22 Nov 2002 Flat 3, 35a Rosevean Road, Penzance, Cornwall TR18 2DX £95,500 Flat, Leasehold 01 Jun 2012 2 Heabrook Parc, Heamoor, Penzance, Cornwall TR18 3QR £134,000 Semi-Detached, Freehold 31 May 2012 1 bedroom 1 Holly Terrace, Heamoor, Penzance, Cornwall TR18 3EJ £165,000 Terraced, Freehold 31 May 2012 2 bedrooms £135,000 Terraced, Freehold 06 Aug 2004 6 Toltuff Crescent, Penzance, Cornwall TR18 4QD £235,000 Detached, Freehold 31 May 2012 2 bedrooms £115,000 Detached, Freehold 20 Dec 2000 23 Trenoweth Road, Penzance, Cornwall TR18 4RS £147,000 Terraced, Freehold 30 May 2012 2 bedrooms £146,000 Terraced, Freehold 11 Feb 2005 8 Pendennis Road, Penzance, Cornwall TR18 2BA £131,500 Terraced, Freehold 30 May 2012 2 bedrooms Devon Cottage, Leskinnick Place, Penzance, Cornwall TR18 2EZ £150,000 Terraced, Leasehold 30 May 2012 £59,000 Terraced, Leasehold 01 Jun 2010
  13. That I'm not able to comment on with authority - I understand it has just two standalone premises (Leeds & Scotland?). It's staff efficiency (as measured in customers/staff ratio) is I believe the best in the country . As I admit - I'm not an expert but we need a solution, not a sticking plaster for the existing system. Currently our illustrious leaders are treating the symptoms and not the cause of the nations financial malaise. Do you (or anyone else) have a solution to the problem. Perhaps I should re-post my notion in the thread "How would you fix the UK?"
  14. Have I won you over I appreciate my explanation of the concept is a gross simplification - but we need a solution. As others have said the system is bankrupt and we need to press reset. Question: do we do so through 20 plus years of a zombie economy, like Japan, or is there another more subtle way to get the banking system moving without penalising 'little' people ( both savers and borrowers) as the Government/BoE Banking-scum are imposing on us? edit sorry forgot to use multi quote!
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