Saturday, June 6, 2009
Beyond farce
Sugar to lead roadshow to boost bank lending
THE prime minister’s newly appointed business champion, Sir Alan Sugar, is planning to lead a roadshow of bankers around the country in an effort to get them lending to small and medium-sized enterprises. In his first interview since taking up the new position, Sugar – who will be given a peerage – told The Sunday Times that getting the banks to start lending was at the “top of his agendaâ€.
Posted by devo @ 11:55 PM (1624 views)
13 thoughts on “Beyond farce”
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paul says:
“I can’t put pressure on them but I can offer practical advice. The panel will act as a buffer between the banks and businesses. We can say ‘if it was my money I would invest with this company but not that company’. The banks need a bit of teaching too.â€
I didn’t hold Sugar in particularly high esteem, but now I think he’s a moron. Not because of what he does but because he’s been stupid – utterly stupid – enough to take this job.
Can anyone else just see the bankers lining up to tell Sugar where to get off and then say “YOUR’E FIRED”?
Or am I being too cynical?
devo says:
What is his success criteria, I wonder?
crashpad4me says:
Paul. Let’s hope he says that to GB
crunchy says:
Sugar is about to find out that trying to run a country is a whole different ball game to running his own empire.
He will not get people queueing up to lick his name and often will be met with no Sir/Lord Alan.
Even with Sugars knowledge of business, he like so many others that have ridden this boom, fail to see that it is the public that needs to
release the money into business not the banks. The publics money is tied up in there houses/mortgages.
Sugar has failed to forsee the bust and he, just like the banks will have to take a big hit.
Personally I think he should handle his own problems in a more direct way. There are too many Alan Sugars in the corridors of power
already. I feel we will all be sick and tired of seeing his face on BBC lecturing the tranced masses on the great virtues of bank loans.
Sugar does have something to bring to the table, but this is not the time and Sugar is not the right person to address current issues.
voiceofreason says:
Siralan is just another VI.
He sold off Amstrad and his other interests, swapping them for loads of commercial property at the peak of the boom.
He is just looking after himself.
crunchy says:
The people who are burdened with huge mortgages need to lose homes or have their mortgages extended.
The housing market needs to deflate to affordable levels. Property speculation needs to be taxed and pensions need a complete reform.
Not a vote winner but that is what’s needed to get this economy moving again. Britian does not need an Alan Sugar to acheive this.
We will soon see liquidity back in Britian and cars and the like will start moving again. Take a hit or a hike Sugar!
crunchy says:
We have only to look at the “French” for the correct attitude to property ownership. Home sweet home!
crunchy says:
5. voiceofreason
He also owns a technology business with revenue heavily relient on the advertising industry. Oh dear!
Can you see where he’s coming from. A real boomer adict!
crunchy says:
5. voiceofreason
http://www.telegraph.co.uk/finance/newsbysector/mediatechnologyandtelecoms/2791796/Sir-Alan-Sugar-sets-Lee-McQueen-to-work-on-new-ad-venture.html
crunchy says:
7. crunchy said…We have only to look at the “French” for the correct attitude to property ownership. Home sweet home……….
The French will often inherit their properties from the parents. The property is bought only ONCE often over generations.
Can you see the problem? D’oh!
crunchy says:
…………and people wonder why we have pension problems and big fat juicy tempting property bubbles along with massive inheritence tax.
Go figure, it ain’t hard folks.
crunchy says:
Can you imagine the financial backlash to the banks and government if we all only bought our properties once. Ouch!
Can you also imagine how much more financial freedom we would have in this scenario. That is what we should be debating on HPC.
The root problem of why we have HPC’s.
crunchy says:
……..and people wondered why Thatcher sold of the council property sector at tempting discounts and was not pro industry.
Hey property suckers, there was an easier way to generate cash, sort and long term.