Saturday, April 20, 2013

Someone is awake! Back of the net..

George Osborne warned by MPs over mortgage guarantee risks

"We will only tackle the housing crisis and help first time buyers if we have a major programme of affordable house building, which Labour called for as part of our jobs and growth plan but the Budget totally failed to deliver," said shadow Treasury minister Cathy Jamieson.

Posted by happy mondays @ 07:15 AM (2219 views)
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8 thoughts on “Someone is awake! Back of the net..

  • Also in the Guardian:

    Osborne’s woes capped by damning verdict on housing policy

    In a prime example of the tired old modern political tactic of ‘say one thing do another’, Osborne’s response was:

    “I don’t agree. This is a period of real weakness in the housing market. The risks of a housing bubble are pretty nonexistent.”

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  • This isn’t about helping people to buy a house, it’s about politicians keeping their jobs.

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  • “The Treasury Committee warned the chancellor’s plan made the government an “active player” in the market with a financial stake in propping up prices.”

    “The Treasury Committee warned the chancellor’s plan made MPs “active players” in the market with a financial stake in propping up prices.”

    And how long has this site been saying this?

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  • @2

    I’m an advocate of fixed periods of service for politicians. Two terms maximum. Just as bankers need to be reacquainted with the concept of being servants to the economy, and not (as they have been) masters of it, politicians need to be held accountable by mechanisms that remind them (in a true democracy – not the barely benign dictatorship hitherto) that they too are servants.

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  • “Mr Osborne has said the housing market is still not functioning properly after the 2008 financial crisis, with the number of purchases by first-time buyers down 40% in the past five years.”

    I love that. What exactly does he mean by ‘functioning properly’?

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  • ….also on Sky (Jeff Randall) this week.

    But come, come…surely you all realise that politicians go into Parliament to SERVE THE PEOPLE ? Don’t they?

    🙂

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  • greenshootsandleaves says:

    Does this mean that the rumoured ‘Funding for the Duke of Westminster’ scheme (to breathe new life into the Prime Central London housing market) will now be put on hold?

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  • Albertini Albertino says:

    “We will only tackle the housing crisis and help first time buyers if we have a major programme of affordable house building, which Labour called for as part of our jobs and growth plan but the Budget totally failed to deliver,” said shadow Treasury minister Cathy Jamieson; “Just like we did in thirteen years of borrow-and-waste Gordonomics”, she would’ve added if she wasn’t part of the problem.

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