Jump to content
House Price Crash Forum
Tired of Waiting

Andrew Neil Interviews City Am Editor Allister Heath

Recommended Posts

Quick summary would be nice, haven't got 8 minutes!

Basically the City AM chap said that the city have faith in the coalitions plans and record amounts of gilts are being bought by other countries, however compainies are a bit miffed with our high tax levels so they're moving HQs abroad.

Share this post


Link to post
Share on other sites

Basically the City AM chap said that the city have faith in the coalitions plans and record amounts of gilts are being bought by other countries, however compainies are a bit miffed with our high tax levels so they're moving HQs abroad.

funny the people that are paying for this arnt the same people that made vast profits from this, i think there should be extra tax on 2nd or properties etc.. other than the family home.

Share this post


Link to post
Share on other sites

funny the people that are paying for this arnt the same people that made vast profits from this, i think there should be extra tax on 2nd or properties etc.. other than the family home.

Yep, any property other than the main one should be taxed to hell and back!

Share this post


Link to post
Share on other sites

Allister Heath seems like a decent sort (for a city type). He replies to his emails too and once gave me a reply in which he agreed that Gordon Brown is a cretin.

I'm still awaiting a response from Mervyn King to my suggestion that he resign...

Share this post


Link to post
Share on other sites

Quick summary would be nice, haven't got 8 minutes!

:rolleyes: You haven't got 8 minutes?! Come on... you won't regret it. :)

Teasers:

- Foreign lenders (buyers of UK bonds) confidence in Britain increased with coalition government, and confidence is good, for now, but temporary, conditional on cuts actually happening, or . . .

- City is losing business to foreign financial centres. At least a thousand hedge-fund managers have left already, and that will cost the exchequer at least 500 million pounds a year.

- "cheap Keynesian economics, not real Keynesian economics.(...) There is no theory that says that a government deficit of 10% of GDP is good for growth. It is bad for growth, because it . . . " . Well, just listen to it... Only 8 minutes FGS.

( Warning: The following interview is with Labour's Yvette Cooper MP! Members with fragile disposition should avoid her. )

Share this post


Link to post
Share on other sites

( Warning: The following interview is with Labour's Yvette Cooper MP! Members with fragile disposition should avoid her. )

Duly heeded, thanks for the warning.

Share this post


Link to post
Share on other sites

Basically the City AM chap said that the city have faith in the coalitions plans and record amounts of gilts are being bought by other countries, however compainies are a bit miffed with our high tax levels so they're moving HQs abroad.

. . . and they don't like the anti-banksta/hedge fund mood music.

One point of real interest was his claim that the private sector has created 300,000 new jobs this year, 100,000 of which were full time.

The trouble is working out whether this is in fact the case. If true, it means the UK position stands in stark contrast with the US where the real rate of unemployment is around 20%.

Share this post


Link to post
Share on other sites

So on the one hand, "they" like the idea of cuts, but on the other are making them worse by moving their offices abroad to avoid tax! :huh:

Edited by Sir John Steed

Share this post


Link to post
Share on other sites

. . . and they don't like the anti-banksta/hedge fund mood music.

One point of real interest was his claim that the private sector has created 300,000 new jobs this year, 100,000 of which were full time.

The trouble is working out whether this is in fact the case. If true, it means the UK position stands in stark contrast with the US where the real rate of unemployment is around 20%.

Yes, he didn't mention his source. Pity. I would like to check that too.

Though as the editor of the City AM he must be careful with data. It would damage his reputation if were quoting wrong data.

Share this post


Link to post
Share on other sites

So on the one hand, "they" like the idea of cuts, but on the other are making them worse by moving their offices abroad to avoid tax! :huh:

Part of the answer to this apparent contradiction is in the word "they". And you have indicated that yourself, by putting it between quotes. There are different "theys", with different individual interests, working in different industries, and different sectors.

Besides, it is always counter-productive to try to charge 50% income tax from people. The individual tax-payers target by it will always start to resent it, and try to resist to it. And many (most) of these traders don't even worked with the housing market, and don't feel they had anything to do with it. Besides, Geneva is a wonderful city. If the HMRC keeps taking 50% from them, they will leave. Over a thousand have left already. Of course we need to develop other sectors of the economy, but meanwhile, perhaps it would be better not to kill the city.

Edited by Tired of Waiting

Share this post


Link to post
Share on other sites

e 50% income tax from people. The individual tax-payers target by it will always start to resent it, and try to resist to it. And many (most) of these traders don't even worked with the housing market, and don't feel they had anything to do with it. Besides, Geneva is a wonderful city. If the HMRC keeps taking 50% from them, they will leave. Over a thousand have left already. Of course we need to develop other sectors of the economy, but meanwhile, perhaps it would be better not to kill the city.

I broadly agree. They can doubtless do untold damage to the UK economy and suck it dry equally as well from Geneva, so we might as well have the benefit of their taxation while they are at it.

Share this post


Link to post
Share on other sites

I broadly agree. They can doubtless do untold damage to the UK economy and suck it dry equally as well from Geneva, so we might as well have the benefit of their taxation while they are at it.

Exactly. Much better to get 40% of a £billion, than 50% of nothing.

Share this post


Link to post
Share on other sites

Exactly. Much better to get 40% of a £billion, than 50% of nothing.

Not if that billion distends house prices beyond what the rest of us can afford, widens social inequalities and drives epic bubbles and malinvestments

It would be terrific for these shysters to bugger off to Geneva or Harare or wherever. Please

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...

  • Recently Browsing   0 members

    No registered users viewing this page.

  • 145 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%



×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.