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Sir Gus O'donnell: "please Could You Reduce London House Prices?"

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Easy to fix, relocate government to the cheaper areas.

Yep, and banking. Any new start at a bank, straight out of Cambridge or wherever, on a big salary should be told they are doing a year in Glasgow, a year in Manchester and then a year in Brum before getting the choice of applying to work in London or overseas. Should be easy with the computers and big screens for teleconferencing that they have now? That would spread the wealth around a bit IMO. Even better will be if banking and property in London get truly spanked this time, that will focus a few minds on a more balanced reality.

In fact the thought of some over-educated over-entitled hot shot sitting in a building in Glasgow as the rain pours down thinking about which take-away shop to spend some of their their bonus in is quite funny.....

Edited by dances with sheeple

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the reason I believe we haven't seen a lot of telecommuting is from my experience the people with power over such things are older boomer types who love lording it over a bunch of underlings in a building. They believe you will just sit at home doing ****** all when they aren't there to bully you every 8 minutes. As opposed to sitting in an office doing ****** all which so many folk actually do.

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the reason I believe we haven't seen a lot of telecommuting is from my experience the people with power over such things are older boomer types who love lording it over a bunch of underlings in a building. They believe you will just sit at home doing ****** all when they aren't there to bully you every 8 minutes. As opposed to sitting in an office doing ****** all which so many folk actually do.

This.

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Former head of civil service explains that rising London house prices are damaging the sharing of knowledge between London and Edinburgh, Cardiff and Belfast..

http://www.civilserviceworld.com/articles/news/gus-odonnell-london-house-prices-making-it-harder-civil-service-share-knowledge

I love this. It really tickles my funny bone. Obviously if the London bubble is frustrating the desire of the civil service in Whitehall to nick good people from devolved administrations, something will have to be done. (Up to this point there was obviously no need to do anything :rolleyes:)

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Yep, and banking. Any new start at a bank, straight out of Cambridge or wherever, on a big salary should be told they are doing a year in Glasgow, a year in Manchester and then a year in Brum before getting the choice of applying to work in London or overseas. Should be easy with the computers and big screens for teleconferencing that they have now? That would spread the wealth around a bit IMO. Even better will be if banking and property in London get truly spanked this time, that will focus a few minds on a more balanced reality.

In fact the thought of some over-educated over-entitled hot shot sitting in a building in Glasgow as the rain pours down thinking about which take-away shop to spend some of their their bonus in is quite funny.....

I don't know if your post was a wild shot in the dark, but actually that is precisely how it is shaking out.

Glasgow is mature in inshoring but still growing fast.

Manchester is more mature but not as big as Glasgow

Birmingham is about to be really big in a few years.

You forgot Sheffield which is also in the game.

Say what you like about the banksters, but stupid is not one term you could attach. They are a decade ahead of commercial and domestic property trends.

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It is the only reason that the Northern Powerhouse has not worked, nor the economy re-balanced....... no if's or but's.

So you are going to create a thriving wealth generating economy ie private by forcibly moving government wealth suckers to other areas of the economy ?

Really ?

As ZSG says if it works it is happening now and you can add Insurance which has moved thousands of jobs from the city or Essex to South Wales.

I am very pro commercial wealth distribution but the the begging bowl socialist wealth distribution model frankly is an insult to all UK entrepreneurs and businesses non London based

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It's taken Baron Gus at least a decade to work it out - and he lives in London.


"But the one thing I would say that would improve matters is, alas, not within the hands of this committee: which is please could you reduce London house prices?

At least he recognises that London isn't a true market - it being a bubble edifice entirely propped up by loose credit and government policies.

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Fear not, the Iranians will come to "rescue" the London property market. You couldn't make this shit up

No wonder they lifted the sanctions - they needed help to prop up the London housing market.

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the reason I believe we haven't seen a lot of telecommuting is from my experience the people with power over such things are older boomer types who love lording it over a bunch of underlings in a building. They believe you will just sit at home doing ****** all when they aren't there to bully you every 8 minutes. As opposed to sitting in an office doing ****** all which so many folk actually do.

Nail on head.....

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the reason I believe we haven't seen a lot of telecommuting is from my experience the people with power over such things are older boomer types who love lording it over a bunch of underlings in a building. They believe you will just sit at home doing ****** all when they aren't there to bully you every 8 minutes. As opposed to sitting in an office doing ****** all which so many folk actually do.

This is my experience as well. Probably also because when they work at home (every Friday) they do f@ck all themselves.

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the reason I believe we haven't seen a lot of telecommuting is from my experience the people with power over such things are older boomer types who love lording it over a bunch of underlings in a building. They believe you will just sit at home doing ****** all when they aren't there to bully you every 8 minutes. As opposed to sitting in an office doing ****** all which so many folk actually do.

Have to quote too.

Most of the time it makes no sense at all to go to an office if not for the above

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Is GOD really just paving the way for a new Help to Civil Servants Buy?

It might just be sour grapes because he didn't get to be Governor of the Bank of England

Gus O'Donnell looks to claim Mervyn King's throne at the Bank of England

In his career as the consummate Whitehall insider, O’Donnell was certainly not underpaid, earning £240,000 a year and retiring with a £2.3million pension pot.

After a stint as John Major’s press secretary, he segued smoothly into top positions at the Treasury and then as Cabinet Secretary under New Labour.

More recently insiders say he deserves credit for clearing the path for the Coalition agreement between the Tories and the Lib Dems. But it is his closeness to the Brown-Balls regime at the Treasury during the pre-crisis years that is the biggest black mark against him.

Unusually, he even co-wrote a book with Ed Balls in 2002, entitled Reforming Britain’s Economic And Financial Policy – Towards Greater Economic Stability, a title that turned out to be most unprophetic.

A penitent O’Donnell admitted in a lecture at the London School of Economics this year that failure to spot the financial crisis counts as one of the biggest disasters of his career, and said he took his share of the blame for what he called ‘the episode’.

The young Augustine Thomas O’Donnell was born in South London and educated at the Roman Catholic Salesian College in Battersea, before reading economics at Warwick and taking an M.Phil at Oxford. Married to Melanie with one daughter, he still, at 60, has a rather laddish air.

Rejoicing in the full title of Baron O’Donnell of Clapham, he is a self-confessed resident of Wonkville, who adores economic modelling. O’Donnell attended countless meetings of the MPC and is very familiar with its workings.

He has no hands-on experience of central banking or financial markets. In the summer, in a deft bit of manoeuvring, he accepted a post as strategic adviser to the chief executive of Toronto-Dominion bank.

http://www.thisismoney.co.uk/money/news/article-2213053/Gus-ODonnell-looks-claim-Mervyn-Kings-throne-Bank-England.html

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^


A penitent O’Donnell admitted in a lecture at the London School of Economics this year that failure to spot the financial crisis counts as one of the biggest disasters of his career, and said he took his share of the blame for what he called ‘the episode’.

So what's happened since will be "the episode - continued".

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^


He has no hands-on experience of central banking or financial markets. In the summer, in a deft bit of manoeuvring, he accepted a post as strategic adviser to the chief executive of Toronto-Dominion bank.

"He has no hands-on experience of central banking or financial markets."

Eminently suitable to run a country's economy for sure - and if not to have a well paid top job at a major bank.

To his credit at least he recognises some of the effects of London property prices - albeit very belatedly.

Edited by billybong

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the reason I believe we haven't seen a lot of telecommuting is from my experience the people with power over such things are older boomer types who love lording it over a bunch of underlings in a building. They believe you will just sit at home doing ****** all when they aren't there to bully you every 8 minutes. As opposed to sitting in an office doing ****** all which so many folk actually do.

Brilliant :)

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the reason I believe we haven't seen a lot of telecommuting is from my experience the people with power over such things are older boomer types who love lording it over a bunch of underlings in a building. They believe you will just sit at home doing ****** all when they aren't there to bully you every 8 minutes. As opposed to sitting in an office doing ****** all which so many folk actually do.

http://www.economist.com/news/leaders/21688856-worlds-young-are-oppressed-minority-unleash-them-young-gifted-and-held-back

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yup spot on, it makes me so ******ing angry when i hear boomers go on about how shit young folk are, certain papers and media love a bit of that hyperbole too.

I am of the opinion that most jobs are pointless and only exist to keep folk busy and perpetuate the farce. In 50 years time the concept of a job may seem insane anyway.

Any young person asks me for advice I always tell them to go seek experience and adventure. Don't bother with a career your just enslaving yourself, unless you are doing something you would do for fun anyway.

****** it, its a rigged game.

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yup spot on, it makes me so ******ing angry when i hear boomers go on about how shit young folk are, certain papers and media love a bit of that hyperbole too.

I am of the opinion that most jobs are pointless and only exist to keep folk busy and perpetuate the farce. In 50 years time the concept of a job may seem insane anyway.

Any young person asks me for advice I always tell them to go seek experience and adventure. Don't bother with a career your just enslaving yourself, unless you are doing something you would do for fun anyway.

****** it, its a rigged game.

Unfortunately the necessities of life cost money. Most people only have a job because they need the wage.

I'd love to earn my living doing something I enjoy, but sadly no-one will pay me to do any of my hobbies.

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Unfortunately the necessities of life cost money. Most people only have a job because they need the wage.

I'd love to earn my living doing something I enjoy, but sadly no-one will pay me to do any of my hobbies.

I know its very controversial but I tell them to sign on, claim as much as they can, at most learn a skill, welding or similar you can trade for cash if needs be. Then spend all that extra spare time living life. THer eis no point on getting on this treadmill unless your an amazing footballer or something.

Thats a shame you cant get paid to do your hobbies I am lucky in that my job is my hobby but I know its rare. If I had to do a regular job I would have jumped out a window by now or taken to a life of crime.

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