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apom

House Price Don't Fall In Recession..

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£600,000,000,000 more in debt. Over doubled in Labours Term..

People spending on homes and toys for years.. all on tick..

suddenly they get scared, stop borrowing and then realise what a large chunk their debt maintenance has on their salary..

and then

http://news.independent.co.uk/business/new...ticle310076.ece

Sales crash...

The UK's largest electronics retailer, Dixon's, is set to report a haemorrhaging of sales at its UK businesses this week as it suffers from falling prices and poor retail conditions.

So a recession begins... No more boom and bust..

Well here is the bust.

Well done Gordon.

You claimed no more boom and Bust..

Well you just created the biggest boom the world has ever even dreamt of and now the bust is going to drive us into recession.

We pay you to look after the economy and you stand on the brink on having destroyed it financially..

When does incompetence become treason..?

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It is still going up at nearly £100bn a year Gordonn ad Gordon's grovellers at the treasury and the BOE are eating away at the future - some point the bill may become so big that it is effectively unpayable for a generation.

No way to run an economy.

Edited by OnlyMe

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Labour always did **** up the economy, so they're running true to form.

All political parties screw up the economy. In UK recent history:

Winter of discontent: Labour

Heath vs Miners: Tory

Devalued Pound: Labour

Thatcher Years: Boom then biggest bust in history: Tory

Blair/Brown: Huge Boom and Bust to follow: Labour

People have very short memories.

VP

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All political parties screw up the economy. In UK recent history:

Winter of discontent: Labour

Heath vs Miners: Tory

Devalued Pound: Labour

Thatcher Years: Boom then biggest bust in history: Tory

Blair/Brown: Huge Boom and Bust to follow: Labour

People have very short memories.

VP

Yes they do have short memories. In conversations with co-workers people tell me that the house prices won't crash because the government won't let it happen! I say its happened before and that governments have no control of house prices. Until I'm blue in the face... they won't believe me!

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hmm wher do I know that name from.......

Evolution's Mr Bubb, who expects UK like-for-like sales to fall by 5 per cent, said the outlook remains poor. "They can't force consumers to spend money."

Dont think its our good friend Dr. Bubb - but it could be a sign?

Spooky....... :o

Edited by teddyboy

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Yes they do have short memories. In conversations with co-workers people tell me that the house prices won't crash because the government won't let it happen! I say its happened before and that governments have no control of house prices. Until I'm blue in the face... they won't believe me!

Imagine there is a recession, where peoples incomes declined via increased unemployment as the private sector declined further.

Gordan Brown would have then be faced with increasing the public sector borrowing requirement (PSBR) paying increased housing benifit and unemployment beniifits etc.. the governments fiscal deficit would quickly rise from 3% of GDP to 6% of GDP, undermining the currency and the gilts market.

This, in turn, would mean higher interest rates/higher taxes.

Shrinking the private economy even further.

Thats why its so important to run a fiscal surplus, ready for a downturn, and is criminal to spend more than your income distorting the economy through central planning.

Looking ahead, perhaps thats why ID cards are so central to the government.

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  • 302 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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