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Express Portrays Brown & Darling As Laurel & Hardy And Says

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Perhaps a bit rich from a newspaper that kept cheerleading house prices going up.

But anyway.

I am noting more and more news reporters and news scripts alluding to the danger of the UK bankrupting itself.

I think many news journos are quite disturbed by what they're seeing and contrasting that with the fact the public are in many cases blissfully unaware.

The mood is changing to one of challenging the government and looking for a saviour.

Will the Tories and/or LibDems have any better solutions? Maybe, maybe not. But I think Labour should clear their desks now, this is one hell of a mess, they are exhausted from trying to resolve it, and whether or not their plans are good or bad (I suspect the latter) they should make way for new hands on deck.

This is a huge lesson to all governments and regulators that an ounce of prevention is worth a pound of cure (for our metric readers, make that a gram of prevention is worth a kilo of cure or repair).

Frankly, I am quite worried about what's happening, this has the feel of a wall coming down on us. I hope I'm just being over pessimistic, but right now it looks like the whole thing's out of control (big clue is the vagueness of the rescue detail).

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Perhaps a bit rich from a newspaper that kept cheerleading house prices going up.

But anyway.

I am noting more and more news reporters and news scripts alluding to the danger of the UK bankrupting itself.

I think many news journos are quite disturbed by what they're seeing and contrasting that with the fact the public are in many cases blissfully unaware.

The mood is changing to one of challenging the government and looking for a saviour.

Will the Tories and/or LibDems have any better solutions? Maybe, maybe not. But I think Labour should clear their desks now, this is one hell of a mess, they are exhausted from trying to resolve it, and whether or not their plans are good or bad (I suspect the latter) they should make way for new hands on deck.

This is a huge lesson to all governments and regulators that an ounce of prevention is worth a pound of cure (for our metric readers, make that a gram of prevention is worth a kilo of cure or repair).

Frankly, I am quite worried about what's happening, this has the feel of a wall coming down on us. I hope I'm just being over pessimistic, but right now it looks like the whole thing's out of control (big clue is the vagueness of the rescue detail).

They should think VERY carefully before mocking the government.

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You are right to be worried.

The whole mess if you look around the net, came about due to Globalisation. The banks left hand didnt have a clue what the right hand was doing. Brown describes it as faulty framework, yet it was he who broke the framework and destroyed the institutions the governed banks. Brown gave himself much credit in announcing several years ago the stupidity of regulation on banks, and how he had removed them!!!!.

All Humans make mistakes, its a natural learning process. But recognising your mistakes and correcting them is another basic human process.

Listen to all of Browns speeches, they all contain the word Globalisation, and "We must continue with Globalisation"

I am afraid he is a madman, and I dont think anyone would disagree!!!!.

There is absolutely no plan, no forecast, nothing at all other than continue down the road that took us here in the first place.

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Thanks.

You are right to be worried.

The whole mess if you look around the net, came about due to Globalisation. The banks left hand didnt have a clue what the right hand was doing. Brown describes it as faulty framework, yet it was he who broke the framework and destroyed the institutions the governed banks. Brown gave himself much credit in announcing several years ago the stupidity of regulation on banks, and how he had removed them!!!!.

All Humans make mistakes, its a natural learning process. But recognising your mistakes and correcting them is another basic human process.

Listen to all of Browns speeches, they all contain the word Globalisation, and "We must continue with Globalisation"

I am afraid he is a madman, and I dont think anyone would disagree!!!!.

There is absolutely no plan, no forecast, nothing at all other than continue down the road that took us here in the first place.

Yes this seems to be the sad reality - as people have said in comments on Peston's blog, what madness it is to try to escape a debt crisis by getting into yet more debt. It is the economics of a gambler who doesn't even know how much he's staked and lost, and borrows more from his long-suffering partner to try to win it back. Hopeless.

IRs need to rise to stabilise the £

IRs need to rise to bring investment back to the UK - loads left last year due to the poor economy and low IRs

The pain of higher IRs will be the lesser of the evils

Those who borrowed recklessly and lied on applications need to crash and burn - sorry but they do

There is no escape from the cycle - to bankrupt the country to try to escape or mitigate the cycle should not be an option - better 100,000 repos than that!

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What's the ICELAND ON THAMES story mentioned? Just guessing, not Docklands or Canary Wharf banks being likened to Iceland's banks is it? Good grief, I hope not. Does everyone remember when the Iceland banks and pundits were saying how great and secure Iceland's banks were? Scary.

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What's the ICELAND ON THAMES story mentioned? Just guessing, not Docklands or Canary Wharf banks being likened to Iceland's banks is it? Good grief, I hope not. Does everyone remember when the Iceland banks and pundits were saying how great and secure Iceland's banks were? Scary.

I can remember last year a few STR'ers laughing at me when I said Iceland was dodgy as they had put their STR fund in there.

Icleand was pretty obviously going to go under. They were paying three times what any other bank paid in interest.

The Icesave accounts reminded me of the last recession when furniture retailers offered Sofas and Furniture for knockdown prices one weekend, too millions of pounds as deposits then filed for bankruptcy on the Monday.

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I can remember last year a few STR'ers laughing at me when I said Iceland was dodgy as they had put their STR fund in there.

Icleand was pretty obviously going to go under. They were paying three times what any other bank paid in interest.

The Icesave accounts reminded me of the last recession when furniture retailers offered Sofas and Furniture for knockdown prices one weekend, too millions of pounds as deposits then filed for bankruptcy on the Monday.

My old neighbour's mum bought a leather sofa at one such place back then - in cash - she lost £600.

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My old neighbour's mum bought a leather sofa at one such place back then - in cash - she lost £600.

What I cannot understand is why any government official, judge or person working for the police or CPS wants some furniture spiv to be able to get away with that.

Surely they should be able to chase and prosecute fraud like this in the strongest possible manner, inclusing seizure of the assets of the company directors. To do so would be a vote winner.

Why does the system allowed this sort of fraudulent shit to go unpunished when it would be so easy to prosecture. Big business, banks and major corporates I can see may have corrupted them, but some mid size furniture place carrying out this sort of scam? How do the powers that be gain from this sort of thing?

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What I cannot understand is why any government official, judge or person working for the police or CPS wants some furniture spiv to be able to get away with that.

Surely they should be able to chase and prosecute fraud like this in the strongest possible manner, inclusing seizure of the assets of the company directors. To do so would be a vote winner.

Why does the system allowed this sort of fraudulent shit to go unpunished when it would be so easy to prosecture. Big business, banks and major corporates I can see may have corrupted them, but some mid size furniture place carrying out this sort of scam? How do the powers that be gain from this sort of thing?

one can only wonder why they don't put these scum in jail !!

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  • 284 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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