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What Would Happen If Boris Was Party Leader

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Homeowners beware: Boris's vision for the London economy

Interest rates should be at 6% say Boris Johnson's economist

Reading the above article makes me warm to the idea of Boris as a potential PM.

However with the mere hint of him favouring rate rises rules him out for two thirds of the country.

Without a state-backed plan to alleviate the pain for over-leveraged households, many will be forced to hand back the keys to their homes.

Flipping heck, are you overexposed Mr Dismore ?

Edited by LiveinHope

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Strictly speaking it's Mayor Johnson's Economic Adviser Dr Gerard Lyons who has spoken about rates of 5/6% although apparently under pressure Johnson seems to have endorsed Lyons' view (for interest rates "at the end of the economic cycle" - in other words well into the future and certainly not now).

Getting economic sideliners like Lyons/Johnson in on the act is a way of letting people know that Carney's 3% peak is likely to be too low and it could easily be double that.

Carney's 3% figure being a relatively soothing value likely chosen as the general election approaches but the 5/6% likely to be more realistic.

The reality is that they don't know what value interest rates might turn out to be and it could be 3% or 5/6% or even 10% or more and at any rate it'll ultimately be out of their control.

Miliband et al can talk about consequences of 5/6% as much they like but it would be preferable if they tried to get to grips with what the current policy of long term 0.5% base rate, QE, Help to Buy, FFL and all the others, low levels of house building, uncontrolled overseas property buying etc etc etc etc has done and will do to the UK's economy and what those consequences will eventually be.

Edited by billybong

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Interest rates are not going to rise for the same reason they had to drop them in the first place. The housing bubble is everything now, without it we just kept flirting with recession, remember the triple fears? now with the extra subsidy, cheap rates and sentiment boosting government scheming we're the fastest growing economy in the west.

What was it that Boris said recently? London property is a global asset class? he knows which way his bread is buttered, this is just the latest round of lip service offering false hope that rates will return to normal.

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OMG,that's even worse than "bananaman" milliband!

One Milliband looks silly with a banana, the other with a bacon sandwich. Boris can do anything and get away with it.

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One Milliband looks silly with a banana, the other with a bacon sandwich. Boris can do anything and get away with it.

If by get away with it you mean look like a complete and utter pillock.

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The problem is Boris may appear to be a buffoon who means well, but in reality he is a nasty piece of work.

The problem is a lot of people fall for the act and not the substance.

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Friday's Express front page headline was:


BORIS: SHAKE- UP OF EU IS SIMPLE

We just need to get tough, he tells Cameron



So if Boris was party leader people would have to get used to even more meaningless generalities like that. Next he'll be suggesting saying stuff like not being for turning or whatever.

After years and years of telling UK people that they just have to put up with the eu rules as it's in the treaties etc now he thinks people will believe they're getting tough - rather than pretending to be tough and hoping that the eu pretend to cave in. Pull the other one.

It's just not enough any more - but you do get to laugh as time goes on.

Edited by billybong

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future and current party leaders. Boris, Nigel, Ed, Nick. how do you choose between them. the party politics are pretty inter changable. But the leaders what a bunch of bland, drunk, bland again, shagger(read morally corrupt)buffoon, etc etc

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