Jump to content
House Price Crash Forum
SleepyHead

Cameron Wants To Build Everything Except Houses

Recommended Posts

Maybe the chinese have refused to build us houses :lol::lol::lol:

Must have, because unless BofE Mark Carney is printing the £375 Billion, it must be coming from China.

and besides.... haven't we already got infrastructure? bit old, might need a few repairs, but we'll have to manage with what we've got.

That's what people do when they're broke.

Share this post


Link to post
Share on other sites

So that's another £375 Billion of debt over the next 20 years? More like at least another £1000/2000 Billion of debt the way they never have any control over costs.

So will Osborne's Autumn (er Winter) Statement tomorrow mention some sort of 5 Year Plan - and another "£100 Billion" of infrastructure debt over the next 5 years.

Edited by billybong

Share this post


Link to post
Share on other sites

Chief Secretary to the Treasury Danny Alexander is speaking at a news conference.

http://www.bbc.co.uk/news/uk-politics-25213491

Useless softballs being thrown by churnalists.

Probably like the yank method. If a hack asks a question the white house doesnt like, they dont get invited back.

At least in soviet Russia it was a nice honest bullet to the head.

Share this post


Link to post
Share on other sites

What you going to do when the majority owns houses with huge mortgages.

Only 37% of UK households have a mortgage:

http://www.theguardian.com/news/datablog/2013/may/13/mortgages-property-debt-uk-trends

Some of those will presumably be small mortgages dating from the 1980s or 1990s which are now close to being paid off, so the proportion of households with "huge" boom time mortgages is probably between a quarter and a third.

Share this post


Link to post
Share on other sites

Probably like the yank method. If a hack asks a question the white house doesnt like, they dont get invited back.

At least in soviet Russia it was a nice honest bullet to the head.

I believe the British method is to make sure the journalists all have a nice big property interest in London. It's a bit like letting them hold the revolver against their own head and saying "Remember, we have a free press so feel free to pull the trigger any time you like."

Share this post


Link to post
Share on other sites

So they sell UK state run companies because it will promote cheaper prices, allow the private sector invest rather than the state in upgrades, and take it out of state ownership, yet will sell it to foreign states and on top of that we subsidise the upgrades, and they charge higher prices. Eurostar has made losses until recently it has started to make a profit and we are going to sell it. lol, there seems to be a pattern in UK politics..

Edited by crash2006

Share this post


Link to post
Share on other sites

I don't see any reason why, if the BoE can QE £275 billion for banks to spunk away, why the Boe can't use its inherent ability to create credit to finance these projects.

Share this post


Link to post
Share on other sites

I don't see any reason why, if the BoE can QE £275 billion for banks to spunk away, why the Boe can't use its inherent ability to create credit to finance these projects.

Oh dear, oh dear. That would be printing money for spending. Not like good honest QE which will be wound down, honest.

Share this post


Link to post
Share on other sites

Fron the BBC website:

About £375bn of investment in energy, transport, communications, and water projects is planned, although no new money will be forthcoming.

So are they just reannouncing existing projects, and if not, where is the £375m coming from?

Share this post


Link to post
Share on other sites

Which would you rather, the state gives you and everyone in your family five thousand pounds or the state spends five thousand pounds on whatever this 'infrastructure' is? I'd guess the infrastructure is probably a few feet of cables and a huge management pyramid structure.

Or they could scrap fuel tax and VAT on fuel, I suppose. But then, where would the pre-election boom and state giveaways for all the Prime Minister's buddies come from? It's all a matter of priorities.

Share this post


Link to post
Share on other sites

Fron the BBC website:

So are they just reannouncing existing projects, and if not, where is the £375m coming from?

Insurance companies, apparently. Maybe they're making big money on some post-ppi wheeze.

Share this post


Link to post
Share on other sites

Egg

Chicken

Chicken

EggEgg

Chicken

Chicken

EggEgg

Chicken

Chicken

Egg

Chicken

Chicken

Egg

Chicken

Chicken

EggEgg

Chicken

Chicken

Egg

Share this post


Link to post
Share on other sites

Tories are the party of the NIMBYs.

Plus of course this and the recent announcement on onshore wind power is to try to wrestle back supporters from UKIP, who are NIMBY^2.

Short term sell off anything you can, so you can buy votes for the next election. Long term promise what the hell you like, because you are not going to have to face the consequences of it.

Share this post


Link to post
Share on other sites

I don't see any reason why, if the BoE can QE £275 billion for banks to spunk away, why the Boe can't use its inherent ability to create credit to finance these projects.

No reason at all why not.

It's a very sensible idea.

Share this post


Link to post
Share on other sites

No reason at all why not.

It's a very sensible idea.

Well its better than giving it to the banks to speculate with. Not sure govt spunking £375bn on pet projects is ever a 'sensible idea' though.

The Japs spent billions on 'roads to nowhere' but didnt remedy rudimentary safety issues at Fukushima. Shows just how competent government is.

Share this post


Link to post
Share on other sites

I don't see any reason why, if the BoE can QE £275 billion for banks to spunk away, why the Boe can't use its inherent ability to create credit to finance these projects.

The disadvantage is inflation. The price of pretty much everything, like electricity, butter, bread, petrol, meat, gas, insurance and so on and so on has doubled over the past five years because of money printing. Salaries for ordinary people have not increased very much, if at all. In other words people are getting much poorer very quickly. The drop in living standards is the sort of thing you would expect in a major war, like World War one or a famine. Maybe a mini ice age, although the last mini ice age happened during the Belle Epoch. The BOE's policies would have destroyed the Golden age, so I guess they must be worse than an ice age.

Share this post


Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now

  • Recently Browsing   0 members

    No registered users viewing this page.

  • The Prime Minister stated that there were three Brexit options available to the UK:   218 members have voted

    1. 1. Which of the Prime Minister's options would you choose?


      • Leave with the negotiated deal
      • Remain
      • Leave with no deal

    Please sign in or register to vote in this poll. View topic


×

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.