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Bruce Banner

Unsustainable Consumer Borrowing On The Back Of A Housing Bubble

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Well I never, it's still available on-line :lol:.

https://www.conservatives.com/~/media/files/activist%20centre/press%20and%20policy/manifestos/manifesto2010

One thing is clear. We can’t go on with the old model of an economy built on debt. Irresponsible public spending, an overblown banking sector, and unsustainable consumer borrowing on the back of a housing bubble were the features of an age of irresponsibility that left Britain badly exposed to the economic crisis. Now, with the national debt already doubled and in danger of doubling again, it is this debt – together with the jobs tax that Labour will introduce to help pay for it – that threatens to kill the recovery.

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Lol, most of the things mentioned have been done under the Tories. And the Tories have increased the debt in 5 years by more than Labour did in 13.

They've conveniently forgotten about the National Debt now.

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Like Michael green/Corinne Stockheath and his magical £3000 labour tax bombsell which turns out to be £600 x 5 years which IFS say is actually £100.

They just lie & lie & lie & lie and then lie some more and call it "competence"

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Like Michael green/Corinne Stockheath and his magical £3000 labour tax bombsell which turns out to be £600 x 5 years which IFS say is actually £100.

They just lie & lie & lie & lie and then lie some more and call it "competence"

http://www.thedailymash.co.uk/politics/politics-headlines/cameron-reminds-everyone-its-an-election-campaign-as-he-unveils-massive-lie-2015033196924

I'm actually enjoying how desperate Cameron seems at the mo.

I'm pretty sure he's going to accuse Milliband of eating babies and murdering kittens at some point.

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Lol, most of the things mentioned have been done under the Tories. And the Tories have increased the debt in 5 years by more than Labour did in 13.

The who-ries, Labwhatnow?

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But there is no property bubble, Carney has had a look and he can't see one.

Dave is 'helping' everyone to do the right thing and get on the ladder, Ed Balls will keep HtB3 and UKIP have a BTL LL in charge of their housing policy. I am just glad they all have our best interests at heart re housing.

No drop in BTL lending standards either. I feel so much safer sleeping at night, knowing that Carney has looked into it.

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Lol. The Tories make all these big promises about what they will do but they couldn't even get a majority 5 years ago when Labour were extremely unpopular so they have no hope of getting a majority now and the only way they would be able to do any of the things they are claiming they are going to do is with a majority and even then, they would probably renege on 95% of their promises.

Nobody believes them. They had 5 years to deal with immigration and benefits but suddenly re-electing them (without a majority) will get them to do something that they haven't been bothered to deal with for 5 years. Why would they suddenly change?

Edited by fru-gal

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They've conveniently forgotten about the National Debt now.

Debt now is a matter of life......dead without debt......born with it, die with it. ;)

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Dead without debt?...unless of course you believe in reincarnation!....and if you have been a really naughty boy/girl you will come back as at BTL landlord rather than an insect...one moment, they can both be parasites! :-)))

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I remember Osborne before 2010, making some sensible economic statements about rebalancing the economy and weaning UK of its dependency on debt. I still didn't vote for them, I knew they were liars then and they are still liars now! Democracy, seems it's all about feathering your own nest in the short term!

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unsustainable consumer borrowing on back of a housing bubble

+ unsustainable housing bubble on back of consumer borrowing

+ new entrants in market

= liblabcon economic policy of last two decades and forseeable future

Edited by Steppenpig

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unsustainable consumer borrowing on back of a housing bubble

+ unsustainable housing bubble on back of consumer borrowing

+ new entrants in market

= liblabcon economic policy of last two decades and forseeable future

Privatisation, deregulation and globalisation. The same free market ideology since 1979 after the City of London and the Bank of England corrupted and turned the Conservative Party along Friedmanite lines.

Result: endemic corruption and inequality; a country over-run with immigrants and absentee landlords.

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Guest UK Debt Slave

Privatisation, deregulation and globalisation. The same free market ideology since 1979 after the City of London and the Bank of England corrupted and turned the Conservative Party along Friedmanite lines.

Result: endemic corruption and inequality; a country over-run with immigrants and absentee landlords.

What free market?

I've been on this planet for 50 years and I cannot remember any such thing as free market capitalism. It doesn't exist

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On household debt they are correct, a deleveraging from 110% of GDP to 90% now is undoubtedly a major correction and explains why houses (London excepted) have only just got back to nominal highs of eight years ago.

As far as public sector debt goes, they are having a laugh.

Edited by crashmonitor

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Privatisation, deregulation and globalisation. The same free market ideology since 1979 after the City of London and the Bank of England corrupted and turned the Conservative Party along Friedmanite lines.

Result: endemic corruption and inequality; a country over-run with immigrants and absentee landlords.

Drop the term 'free market', add 'new' Labour and the Fib Dems to the shitlist of corruption and you have a perfect illustration of why this country needs nothing short of a political reformation.

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Privatisation, deregulation and globalisation. The same free market ideology since 1979 after the City of London and the Bank of England corrupted and turned the Conservative Party along Friedmanite lines.

Result: endemic corruption and inequality; a country over-run with immigrants and absentee landlords.

You are so far off the mark. If you don't understand the past and the present you will never be able to understand what the future might bring.

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Guest UK Debt Slave

Drop the term 'free market', add 'new' Labour and the Fib Dems to the shitlist of corruption and you have a perfect illustration of why this country needs nothing short of a political reformation.

The absolute masterstroke of the Fabians (progressives) was to hijack the forces of capital, banking and corporate power and subvert them for their own nefarious ends.

A series of 3 brilliant articles on it here:

http://www.eurocanadian.ca/2014/06/the-socialist-capitalist-alliance.html

http://www.eurocanadian.ca/2014/06/the-socialist-capitalist-alliance_26.html

http://www.eurocanadian.ca/2014/07/the-socialist-capitalist-alliance.html

It really can't be overstated how bloody dangerous the "progressive socialists" are.

These people WILL destroy western civilization as we know it. They certainly do not represent the interests of working class people.

Edited by UK Debt Slave

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Guest UK Debt Slave

(deleted duplicate post)

Edited by UK Debt Slave

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Privatisation, deregulation and globalisation. The same free market ideology since 1979 after the City of London and the Bank of England corrupted and turned the Conservative Party along Friedmanite lines.

Result: endemic corruption and inequality; a country over-run with immigrants and absentee landlords.

Housing in the UK is not really a free market with some people getting their rent paid for and strict controls on where you can build.

I am not saying that a free market would be a panacea but you have to analyze the problem before you can solve it.

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