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If The Tories Had Been In Power For Last 10 Years?

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They would have helped by making it even bigger. HPI was a great way to make people feel rich without the need to give them wage increases or invest in future economy.

Mortgage equity release I think would have been pushed even harder on populace, liar loans would have been for even larger amounts and the City would have been praised to high heaven over it's success and these people would have been even more "in" with the govt than at present.

We would be in a huge mess although to be fair some of the problems would be vastly different as I doubt the Tories would have run up a huge govt debt.

But if you do look at history the Tories are never in charge when the SHTF and they've managed to do it again.

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Would they have stopped HPI?

No they would have encouraged it. This whole thing started with Margaret Thatcher selling up all the good stock in the social housing sector (if you live in a good house buy it, if you don't, transfer into a good house and buy it, who just said privatise the profit and socialise the loss?)

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Agree that HPI would have been even higher

It was only last autumn that the Tories released proposals on reducing the regulation of mortgage markets to make it even easier to get liar loans etc. - on the basis that it was buyer (borrower) beware

Otherwise very similar

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It would depend on their majority.

With hindsight, the major government, while fairly authoritarian, especially when it attacked alternative lifestyles in the mid-90s, was in comparison to the totalitarian agenda of the Labour party very moderate. This was because Major had frequent tight votes.

British democracy gives vast majorities to parties most people didn't even vote for who then set about with radical agendas that wreak the nation. Maggie laid the groundwork for the underclass by declaring war on the poor and allowed yank banks to feed rabidly on a population not used to anyone-with-a-pulse lending. Labour, meanwhile, were able to build on that with a stasi-like control grid to keep people under control in an increasingly dystopian future.

Tactical voting, if we're bothering to vote at all in a sham system, should be based on ensuring whichever identikit party gets in a has a small majority. This may, but may not, temper the extremism.

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More beggars. Fees to attend GP. Tax breaks for private school fees. State education left to decay. 25% of children in private education (50% in SE England) and stuf the rest. Lots more gated communities. Riots in Wales, Scotland and the North of England. Flat income tax meaning rich pay less tax than ever before. City boys in heaven. Rampant HPI. War in Iraq. et. seq.

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Maybe slightly less people would have put pensions in property, what with the dividend tax credit?

People also seem to think Ken Clarke actually was a prudent chancellor, i have my doubts though.

OTOH had the tories been popular enough in 1997 then the issues of the day would most likely be totally different (ie no xxx days to save the NHS)

I guess government finances might be in better shape, but i doubt the publics spending binge would be averted.

The colossal spending of a (so called) conservative govt in the US doesnt inspire me with much confidence though.

Edited by Sadman

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More beggars. Fees to attend GP. Tax breaks for private school fees. State education left to decay. 25% of children in private education (50% in SE England) and stuf the rest. Lots more gated communities. Riots in Wales, Scotland and the North of England. Flat income tax meaning rich pay less tax than ever before. City boys in heaven. Rampant HPI. War in Iraq. et. seq.

Private pensions not destroyed. Gold reserves still present. Public sector (quangos) reduced. EU contributions £2bn less.

The Labour party has led us to disaster. We have a £600bn public sector (twice what the Tories left) and are borrowing £50bn to fund it.

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City boys in heaven.

At last someone who understands that bankers are doing God's work! Too much negativity on this board.

Most of the rest of what you said sounds good too. Although I don't see how you can pin Iraq on the tories - that was all Blair lies and killing the whistleblower was bad form.

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Would they have stopped HPI?

No.

It has only been in the last few months that Cameron has taken on HPI as something negative. IN factr, he has yet to say much at all about the downside to HPI. During Brown's golden years when HPI was soaring and BTL was spreading like a cancer throughout the land the silence coming from the Tory camp was deafening.

The only MP to twig HPI as a negative was Dr. Vincent Cable. Merv saw it coming a lot earlier and voted against Gordon's IR cut in August 2005 just as HPI was about to turn down.

Many on here saw it coming and assessed it as an economic evil as long ago as 2003.

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If The Tories Had Been In Power For Last 10 Years?, what would be different now Would they have stopped HPI?

They would have spent less money on the NHS (we probably wouldnt have an NHS at all by now) but they would have spent more on defence, so it would probably balance out and the property situation would be little different.

I guess the bigger question is what would you have them do to control irresponsible lending?

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Although I don't see how you can pin Iraq on the tories - that was all Blair lies and killing the whistleblower was bad form.

:lol::lol::lol:

Just a shame they didn't do it by poking Dr Kelly in the bum with a sharpened umbrella tip laced with ricin as he crossed a well known london bridge. Far more classy. The tories would have gone to war. The secret services would have told them too. But my outrage may have been mediated by the knowledge that they have always unapologetically presented themselves as a self-serving pack of scum.

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No.

True, all for one and one for all...why stop a free flowing source of income? Make hay while the sun shines, if the sun stops shining, will cross that bridge when we come to it. ;)

Edited by winkie

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the tories HAVE been in power for the last 10 years. jeez. people wake up.

this isnt a labour government. its just a sound bite relic. a name for a party to pretend its a new party to the one going out.

sham party.

Edited by right_freds_dead

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the only thing that is slightly different is, one is tax/borrow spend more than the other. for that reason giving your vote to the Tories is better than labour. best of all, if you can manage get an independent in where you are, although that is a million to one.

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If we're talking about HPI then the question is more about who would have made a better chancellor over the last 10 years. I'd vote for Vinny Cable or Ken Clarke. Unfortunately we don't get to vote for a chancellor. In stead far too many people fell for Blair's spin - and look where that got us. I used to think Iraq was the biggest disaster of the Blair years but I'm now firmly of the opinion that it's actually Brown.

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Guest Winnie

Chancellor would have been Ken Clarke who would have steered a far more balanced outcome as he is one of the least capitalistic of the Tories and one of the brighter. He saw this coming, and has been interviewed widely on the subject. He would have kept rates higher. Period. All you Tory-bashers, you must feel so depressed - they are coming back 4sure. And I suspect they may have learned a truly interesting lesson about rampant capitalism - change ahoy.

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Chancellor would have been Ken Clarke who would have steered a far more balanced outcome as he is one of the least capitalistic of the Tories and one of the brighter. He saw this coming, and has been interviewed widely on the subject. He would have kept rates higher. Period. All you Tory-bashers, you must feel so depressed - they are coming back 4sure. And I suspect they may have learned a truly interesting lesson about rampant capitalism - change ahoy.

This the same Ken Clarke who invented the con that is PFI - the blokes better off doing what he does now -helping flog cancer sticks to the Third World ...

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Chancellor would have been Ken Clarke who would have steered a far more balanced outcome as he is one of the least capitalistic of the Tories and one of the brighter. He saw this coming, and has been interviewed widely on the subject. He would have kept rates higher. Period. All you Tory-bashers, you must feel so depressed - they are coming back 4sure. And I suspect they may have learned a truly interesting lesson about rampant capitalism - change ahoy.

The same Ken Clarke who kept rate rises on hold prior to the 1997 election for purely political advantage?

He has the benefit of hindsight

Still like him, though

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Guest KingCharles1st

Interesting question- and its vitally important to remember that John Major was in charge- (God- was he? I cant remember any more) but assumign he wasand I personally feel that he was just starting to reap the rewards that Labour would ultimately benefit from, although of course his cabinet were all total sleazebags.

I think that if he had seen a few more years, common sense would have ruled, but unfortunately for them, all the people wanted was a change of government, and to get rid of the sleazebags that were running the country.

Another thing to remember was that at the point he would have continued if he had been re-elected, the public had absolutely no idea things would take off the way they did with the City pulling the wool over the Labour governments eyes for so long. I don't think Major would have been so easily swayed by the fast talkers in the city- after all, Blair only wanted to deliver, and play out his life on centre stage like the Leo actor he was.

Edited by KingCharles1st

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  • 395 Brexit, House prices and Summer 2020

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      • down 5% +
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      • up 5%



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