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Chancellor Says Ministers Should Reassure Voters About Property Market


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George Osborne has slapped down Vince Cable over his warning that house price rises mean Britain risks ‘repeating the mistakes of Gordon Brown’.

The Chancellor dismissed the Business Secretary's criticisms and told the Cabinet that while the property market is rebounding ‘relatively quickly’ in London, there is little evidence of rapid increases elsewhere.

Mr Osborne insisted ministers should be reassuring voters that the coalition’s reforms mean that the Bank of England has taken back responsibility to step in and deflate any unsustainable house price bubble.

http://www.dailymail.co.uk/news/article-2536008/Vince-Cable-slapped-Cabinet-George-Osborne.html

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It is astonishing that these people seem to want to make the 2007 high watermark of easy credit, 125% mortgages and liar loans the norm.

It was not normal - it was a disaster for the vast majority of people in this country, and especially younger generations.

It helps if you are a politician or vested interest that neither 'saw it coming' or got into the Ponzi early on.

Three word: immoral, criminal and corrupt.

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It is astonishing that these people seem to want to make the 2007 high watermark of easy credit, 125% mortgages and liar loans the norm.

It was not normal - it was a disaster for the vast majority of people in this country, and especially younger generations.

It helps if you are a politician or vested interest that neither 'saw it coming' or got into the Ponzi early on.

Three word: immoral, criminal and corrupt.

And why I will not vote for them.

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George Osborne has slapped down Vince Cable over his warning that house price rises mean Britain risks ‘repeating the mistakes of Gordon Brown’.

The Chancellor dismissed the Business Secretary's criticisms and told the Cabinet that while the property market is rebounding ‘relatively quickly’ in London, there is little evidence of rapid increases elsewhere.

Mr Osborne insisted ministers should be reassuring voters that the coalition’s reforms mean that the Bank of England has taken back responsibility to step in and deflate any unsustainable house price bubble.

Did the Cabinet believe his story? The paper should have reported the response in full.

What did Cable say. Did he slap down Osborne in Cabinet about the housing market. Did Cable repeat that the house price increases must stop.

Cable's job isn't dependent on Osborne.

Edited by billybong
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George Osborne has slapped down Vince Cable over his warning that house price rises mean Britain risks 'repeating the mistakes of Gordon Brown'.<br style="font-size: 11px; line-height: 16px; background-color: rgb(243, 249, 246);"><br style="font-size: 11px; line-height: 16px; background-color: rgb(243, 249, 246);">The Chancellor dismissed the Business Secretary's criticisms and told the Cabinet that while the property market is rebounding 'relatively quickly' in London, there is little evidence of rapid increases elsewhere.<br style="font-size: 11px; line-height: 16px; background-color: rgb(243, 249, 246);"><br style="font-size: 11px; line-height: 16px; background-color: rgb(243, 249, 246);">Mr Osborne insisted ministers should be reassuring voters that the coalition's reforms mean that the Bank of England has taken back responsibility to step in and deflate any unsustainable house price bubble.

Phew - well thats alright then, the government can inflate any bubble it wants, its down to the Bank of England to sort it out. Its a constant and endemic obsession with this party - Everything is Everybody Else's Fault.

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  • 439 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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