Steve
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Post by Steve on Jul 7, 2024 16:12:32 GMT
Vince Cable warned about it before everything went pear shaped. Brown didn't listen. Again you repeat this without saying what he was supposed to do about it. He should have brought Mervyn King in and asked him 'How come all your BoE internal reports are saying we have a problem but you tell me it's fine?" To which King might have replied 'look if you don't win the next election you will never be PM so just go with it'
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Post by Zany on Jul 7, 2024 16:24:51 GMT
Again you repeat this without saying what he was supposed to do about it. Putting up interest rates to encourage saving would have helped. And remember the Tax Exempt Special Savings Account? The Personal Equity Plan? Gordon Brown replaced those with rubbish ISAs and raided pension plans destroying most savings options pushing investors to buy bricks and mortar instead. The housing market overheated. Putting up interest rates would help the rich. It doesn't do much for those paying the mortgages. Nor does it stop the greedy banks lending subprime and the repossessing (stealing) peoples homes when they struggle to pay. It was well known practice back then that their valuers would often under value a home when repossessing and then sell it again at a profit. Let the pension investors get their money some other way. Maybe they could buy and let property. People investing in property had more to do with skyrocketing house prices than ISA values.
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Post by vinny on Jul 7, 2024 16:52:54 GMT
Stopping the rich overheating the housing market for their own gain helps everyone.
Now, back to the Commonwealth, the world's largest trading community. Many a country in it has a complimentary economy making and growing things we don't.
And we make / grow things they don't. Time to improve our relations with them.
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Steve
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Post by Steve on Jul 7, 2024 17:10:12 GMT
Stopping the rich overheating the housing market for their own gain helps everyone. Now, back to the Commonwealth, the world's largest trading community. Many a country in it has a complimentary economy making and growing things we don't. And we make / grow things they don't. Time to improve our relations with them. have you compared the labour costs?
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Post by Zany on Jul 7, 2024 17:12:23 GMT
Stopping the rich overheating the housing market for their own gain helps everyone. Now, back to the Commonwealth, the world's largest trading community. Many a country in it has a complimentary economy making and growing things we don't. And we make / grow things they don't. Time to improve our relations with them. We agree there. Do you think the commonwealth are all looking to trade with us as you describe?
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Post by vinny on Jul 7, 2024 17:44:14 GMT
Why are countries in the Commonwealth if they don't?
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Post by Zany on Jul 7, 2024 18:03:45 GMT
Why are countries in the Commonwealth if they don't? Its historical.
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Post by vinny on Jul 7, 2024 18:39:13 GMT
They historically chose independence from us. It's more than that.
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Post by Zany on Jul 7, 2024 19:11:30 GMT
They historically chose independence from us. It's more than that. How does that indicate they want to pair up with us.
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Steve
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Post by Steve on Jul 7, 2024 20:46:17 GMT
They want to sell to us absolutely but buy our higher labour cost offerings when they can buy cheaper from themselves or others? No
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