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Osbourne To Issue Warning On Unbalanced Economy

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Chancellor will warn in speech that economic recovery is not secured because UK still too reliant on consumers and City

We don't have enough speculation!

We need more than the people in the city speculating, we need YOU, YES YOU everyday people. Get signed up, play online Bingo, play poker, etc..!

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The economy is unbalanced as it's focussed on house prices, but to correct that will destroy "wealth" so far better to keep the economy unbalanced and hope for the best!

The economy is unbalanced as it's focussed on house prices, but to correct that will destroy PRETEND "wealth" so far better to keep the economy unbalanced and hope for the best!

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This is a tad surreal. I thought gidiot could see no bubbles? Bad news in the horizon, he must think he is covering his **** by blurting this out.

To think his nickname is "knowledge" lol

You can see this speech coming....

"house prices have gotten out of hand and we have forced down the prices in order to benefit the poor voters".

I think Bruce and myself have said this before.....buying now is HIGH RISK....especially in london and at the top end.

I'm starting to see a few "repo-s" come onto the market, maybe the banks are tryign to sell some off before prices collapse again.

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Right you are, an unbalanced economy.....all the investment and exports are in land and buildings..... Who has actively encouraged that then?.......not got that what have we got? ;)

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Right you are, an unbalanced economy.....all the investment and exports are in land and buildings..... Who has actively encouraged that then?.......not got that what have we got? ;)

The truth

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What an absolute scumbag. Everyone knows he's deliberately 'unbalancing' it himself.

Astonishing isn't it.

Negative real rates, FLS (for housing) HTB1, HTB2 and then says it's unbalanced and reliant on his City backers.

Expect tax cuts and more of the same with a bone thrown to 'entrepreneurs'.

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Right you are, an unbalanced economy.....all the investment and exports are in land and buildings..... Who has actively encouraged that then?.......not got that what have we got? ;)

Osborne's welfare state for bankers and homeowners. Certainly doesn't come cheap. ;)

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Astonishing isn't it.

Negative real rates, FLS (for housing) HTB1, HTB2 and then says it's unbalanced and reliant on his City backers.

Expect tax cuts and more of the same with a bone thrown to 'entrepreneurs'.

With an admission that the books won't be balanced until 2020.

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George need to re-balance the economy by getting the housing market going, at the moment only the London economy is working so we need the same HPI across the country to create a balanced economy. The UK economy is housing, everybody knows that even Dave who in 2009 could not even remember how many houses they (Dave and Sam) owned.

Yeah, that will fix it. lets sell every house to Chinese investors at crazy prices and let the british rent off them at 1/3 of the cost of buying, roll forward 30 years, British people much better off than buying the house and the Chinese investors, well, who cares about them, so **** them.

Edited by TheCountOfNowhere

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Isn't it the same sort of stuff they were saying about this time before the last general election.

He might even say something about "putting a culture of saving at the heart of our economy" - and the rest.

More promises to be reneged on.

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Yeah, that will fix it. lets sell every house to Chinese investors at crazy prices and let the british rent off them at 1/3 of the cost of buying, roll forward 30 years, British people much better off than buying the house and the Chinese investors, well, who cares about them, so **** them.

Good luck in getting your roof fixed if it needs it.

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Isn't it the same sort of stuff they were saying about this time before the last general election.

He might even say something about "putting a culture of saving at the heart of our economy" - and the rest.

More promises to be reneged on.

Believe so

Osborne believes his plan to create an overall budget surplus by the end of the next parliament – in contrast to Labour's plan to run a surplus on just the current, and not the capital budget – will involve tougher choices.

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Isn't it the same sort of stuff they were saying about this time before the last general election.

He might even say something about "putting a culture of saving at the heart of our economy" - and the rest.

More promises to be reneged on.

It's all in the translation. 'Putting a culture of saving at the heart of the economy' means forcing people to pay into company pension schemes. Cash savers are enemies of the state these days.

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It's all in the translation. 'Putting a culture of saving at the heart of the economy' means forcing people to pay into company pension schemes. Cash savers are enemies of the state these days.

You are not wrong there...they want you to "give" all your cash to someone else to look after.

As good a reason as any to keep it to yourself.

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