Ash4781 Posted February 20, 2014 Share Posted February 20, 2014 http://www.theguardian.com/politics/2014/feb/20/george-osborne-unbalanced-economy-recovery I am not sure what the message will be; keep rates low, that he has failed and is useless or a big recession and domestic deflation looms. Quote Link to comment Share on other sites More sharing options...
200p Posted February 20, 2014 Share Posted February 20, 2014 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..! Quote Link to comment Share on other sites More sharing options...
SleepyHead Posted February 20, 2014 Share Posted February 20, 2014 What an absolute scumbag. Everyone knows he's deliberately 'unbalancing' it himself. Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted February 20, 2014 Share Posted February 20, 2014 (edited) Correct me if I'm wrong...isn't he the one ultimately responsible for making the unbalancing worse than before ? Edited February 20, 2014 by TheCountOfNowhere Quote Link to comment Share on other sites More sharing options...
interestrateripoff Posted February 20, 2014 Share Posted February 20, 2014 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! Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted February 20, 2014 Share Posted February 20, 2014 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! Quote Link to comment Share on other sites More sharing options...
Billy soy Posted February 20, 2014 Share Posted February 20, 2014 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 Quote Link to comment Share on other sites More sharing options...
19 year mortgage 8itch Posted February 20, 2014 Share Posted February 20, 2014 He's funnier than James Corden. You have to hand him that. Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted February 20, 2014 Share Posted February 20, 2014 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. Quote Link to comment Share on other sites More sharing options...
winkie Posted February 20, 2014 Share Posted February 20, 2014 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? Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted February 20, 2014 Share Posted February 20, 2014 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 Quote Link to comment Share on other sites More sharing options...
R K Posted February 20, 2014 Share Posted February 20, 2014 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'. Quote Link to comment Share on other sites More sharing options...
zugzwang Posted February 20, 2014 Share Posted February 20, 2014 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. Quote Link to comment Share on other sites More sharing options...
Billy soy Posted February 20, 2014 Share Posted February 20, 2014 He's funnier than James Corden. You have to hand him that. Corden even failed to get a laugh when he was on fire, I suspect as most people wished he was actually on fire. Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted February 20, 2014 Share Posted February 20, 2014 What do you think the home owning chancellor will do next ? Quote Link to comment Share on other sites More sharing options...
zugzwang Posted February 20, 2014 Share Posted February 20, 2014 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. Quote Link to comment Share on other sites More sharing options...
frederico Posted February 20, 2014 Share Posted February 20, 2014 With an admission that the books won't be balanced until 2020. Of course it depends upon how you define 'balanced' Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted February 20, 2014 Share Posted February 20, 2014 (edited) 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 February 20, 2014 by TheCountOfNowhere Quote Link to comment Share on other sites More sharing options...
billybong Posted February 20, 2014 Share Posted February 20, 2014 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. Quote Link to comment Share on other sites More sharing options...
19 year mortgage 8itch Posted February 20, 2014 Share Posted February 20, 2014 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. Quote Link to comment Share on other sites More sharing options...
long time lurking Posted February 20, 2014 Share Posted February 20, 2014 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. Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted February 20, 2014 Share Posted February 20, 2014 Good luck in getting your roof fixed if it needs it. Dont worry about me, I'll be living in a chinese owner property somewhere sunny Quote Link to comment Share on other sites More sharing options...
Quicken Posted February 20, 2014 Share Posted February 20, 2014 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. Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted February 20, 2014 Share Posted February 20, 2014 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. Quote Link to comment Share on other sites More sharing options...
“Nasty Piece of work” Posted February 20, 2014 Share Posted February 20, 2014 I think George needs to start looking through the "Jobs" section of the papers....... Quote Link to comment Share on other sites More sharing options...
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