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CrashedOutAndBurned

Darling's Plans Look Sure To Be Shot Down

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http://politics.guardian.co.uk/economics/s...2122703,00.html

Ministers plan to shake-up Britain's mortgage market as part of a three-pronged approach to tackle the crisis in affordable housing that is posing a threat to the economy and triggering a political backlash, the chancellor, Alistair Darling, said last night.

Mr Darling said Labour would issue proposals shortly to boost the supply of long-term fixed-rate home loans for periods of up to 25 years, amid concern that lenders are only offering shorter-term mortgages so they can repeatedly charge high arrangement fees.

Er, and how do you make private banks do this, Dahlin'?

http://business.guardian.co.uk/story/0,,2122497,00.html

Alistair Darling last night hinted that he might use his first budget to rein in the tax breaks enjoyed by Britain's rapidly expanding private equity sector. He also warned public sector workers that they would have to accept a below-inflation pay rise this year as part of a Treasury clampdown on public spending.

Hmm, Dahlin, I think Gordon Brown's backer, private equity tycoon, Sir Ron Cohen, might put a block on this too.

Think Dahlin's going to be slapped down hard if he thinks he's allowed to come up with original ideas.

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You know the government could build some houses, give them to local councils to look after and they could call it council housing maybe and then people could rent these homes at low cost for many years giving them stability and low rents which are good for society.

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You know the government could build some houses, give them to local councils to look after and they could call it council housing maybe and then people could rent these homes at low cost for many years giving them stability and low rents which are good for society.

Fantastic idea!

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