Monday, June 2, 2008

“This is further worrying evidence of the serious problems the UK economy now faces.

Bradford & Bingley losses highlight serious problems facing the economy - Cable

"Buy-to-let mortgages are some of the worst examples of the irresponsible and unsustainable loans that have been offered by banks over recent years. They have already created thousands of empty homes, particularly in northern England, which investors can't afford and where there aren't enough tenants to fill them.

Posted by malct @ 04:53 PM (1543 views)
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19 thoughts on ““This is further worrying evidence of the serious problems the UK economy now faces.

  • Good old Vince. He deserves his day in the sun. He’s the only politician I can think of that saw this coming when we were talking about it on here and being labelled as doom-mongers:

    http://www.guardian.co.uk/business/2005/feb/13/liberaldemocrats.politics

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  • Clearly we all need to vote libdem, as vince cable is clearly the only person likely to give BTL the kicking they deserve.

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  • letthemfall says:

    High default rates in B&Bs BTL mortgages? Well, I never. What about the strong growth in rents, the sound economic fundamentals, the pent-up demand….?
    Will the funny gobbling sounds from the turkeys who run B&B suddenly stop now?

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  • Vince Cable is the only one who actually understands the issues. He’s almost like our Ron Paul.

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  • amazing thought btl was a 15-20 plan

    WRONG!

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  • planning4acrash says:

    No. Vince Cable is a self confessed Corporatist. His bank benchers, i heard them on radio4, said, forget a Lisbon Treaty vote. They were gunning for what they said was the real issue, whether things had gone 2 far, that we should vote on EU withdrawal.

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  • planning4acrash says:

    Vince silenced them on Lisbon & withdrawal, with a 3line whip. Read the BBC archives to hear the passion of their opposition. This is a Corporate fascism Coup.

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  • holding out says:

    P4AC

    You are a stuck record. Go and play with your instrument you tedious little fart.

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  • p4ac, at least provide a link or a reference rather than a bland “Read the BBC archives”. The archives are huge, obviously.

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  • The libdems are as bad as the others. The fact that all these parties have gone back on their promises to allow a vote is a discrace. It could be viewed as evidence of suspicious happenings.

    Talking Europe. This bothers me. Does it not bother other bloggers?? http://www.commonpurpose.com

    If someone could explain, exactly what is a ‘socialist charity’ doing recruiting and training 25000 LEADERS in EVERY area of our economy? Exactly what is this training? Exactly what is their ‘Purpose’? After doing a little research, A ‘conspiracist’ could surely be forgiven for perhaps entertaining the thought that they are trying to weaken our society so it may be easily incorporated into a socialist state? If you ask me the whole thing stinks! Do other bloggers know something I dont? Have you bothered to scrutinise it? Please put my mind at rest.

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  • Aaaah, don’t you just love the smell of rotten european socialists.

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  • Not just EU socialists I’m afraid.

    This is an attempt at WORLD socialism.
    It’s no coincidence that the lisbon treaty,the north american union,the middle eastern Bloc,the south american union etc ALL HAVE DEADLINES OF COMPLETION BY 2010.

    All will come under the compliance of the UN(probably as a result of iran and syria getting incinerated with nukes)

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  • From the bible:

    Rev 13.
    And I beheld another beast,great and terrible and diverse from all the others.It had 7 heads and 10 horns,and upon the horns were 10 crowns who were kingdoms without kings,and all spake blasphemy.

    The new world order…7 continents with 10 regional governors…..
    2010 is when it starts.Get ready.

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  • mark wadsworth says:

    Er, Vince, what exactly is a ‘hostile repossession’, and what’s the difference between that and a ‘friendly repossession’?

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  • gone-to-colombia says:

    When they ‘please’ before they kick you out.

    Please be kinder to P4AC, he has a right to his views.

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  • planning4acrash says:

    Thanks Colombia. The reason I didn’t post a link is because I was posting from my mobile phone from a cafe and didn’t have the capacity to copy and paste. This is usually the case if I do multiple short posts, because my phone can only provide text sized posts. Here are two links and sections that I was refering too. You could probably find better links, but I’ve just been climbing for 3hrs and my fingers are aching.

    http://www.libdemvoice.org/new-poll-were-the-lib-dems-right-to-stage-commons-euro-referendum-walk-out-2234.html

    Well, here’s your chance to make your feelings clear – an LDV poll asking: “Were Lib Dem MPs right to walk out of the House of Commons in protest at the refusal to debate the party proposal for an ‘EU – in or out’ referendum?” Simple question, simple answer: yes or no. You can vote using the poll displayed in the right-hand column.

    A blogger at the end of the table explains the amendment that was refued by Clegg, that led them to walk out. “The amendment which the Liberal Democrats tabled: “Line 3, at end add ‘except that this House considers that, in the light of Article 1, paragraph 58 of the Treaty of Lisbon, inserting into the Treaty on European Union Article 49A which provides for Member States to withdraw from the Union in accordance with their own constitutional requirements, the Government should declare its intention that, once the Treaty of Lisbon has come into force, there will be a referendum on the United Kingdom’s continuing membership of the European Union.’.”

    A Tory MP has his say on it: http://europeanfoundation.blogspot.com/2007/11/time-to-renegotiate-why-lib-dem-eu.html

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  • planning4acrash says:

    This is real stuff. If you can’t remember the amazing scenes in Parliament at the time, or didn’t take the time to find out at the moment, and it was historic, then you have another opportunity now, if you can take the time to research it a bit. Well here it is, on the table for you.

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  • planning4acrash says:

    But, for real, the Lib Dems, notwithstanding their leadership, were saying the right things.

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