What needs to happen to fix this?

chewmylegoff

mbga9pgf wrote: »

They were doing fine until Barbarossa.

that's like saying that nixon was doing ok until watergate.

Old_Slaphead

Thrugelmir wrote: »

And the war had already turned before the Normandy invasion in 1944.

Which narked Mr D no end. He thought we should have got involved much earlier ('42 or '43) not once his lot had done the difficult bit.

mbga9pgf wrote: »

They were doing fine until Barbarossa

That's a bit like saying my footy team were doing really well until the kick off

mbga9pgf

StevieJ wrote: »

You are correct he is going to spend a fortune on the poor with social reforms, and there is me thinking you were one of those right wing Tories

Im actually pretty centrist. I like the extremes of both parties! :D:D

Seriously, there were things I had issue with Maggie, IE unrestrained capitalism, but there were other bits she did I loved. Hence why the workshy hate her so much.

Having said that, I cant stand the current lot, I dont think they have made one right decision. Every single decision they have made has been f*cked up by putting conditions on it, for example BOE and still having the chancellor make appointments.

The FSA should have been given free reign to act like the Stasi if I had my way. That includes sending reckless bankers to the clink with transexual Leroy sharing their cells!

nimpoppy

mbga9pgf wrote: »

Unfortunately, they need to cut the civil service in half.

The money they save needs to go into re-investment of long-term sustainable business models that actually PRODUCE stuff.

Reduce foreign aid to 0 until we balance the budget. Yes, its tragic, but we need to sort out our wn back yard before we move onto other nations.

We need to get rid of the namby pamby state, slash bureaucracy and legislation (HSE, working hours regs, minimum wage repealed) for small/medium businesses, slash benefits and incentivise work instead of sitting on ones @rse.

Banks and shareholders need to understand they will be paying back their dues to the state for a VERY VERY long time. Preferably with interest.

Seeing as reduced IRs havent done anything, we need to raise them to at least above the ECB rate, to stop the slide on the pound and encourage foreign savers to invest their sov wealth funds with the banks to help them with capital requirements. But, they will only do this if they see us going through the pain and making a real concerted effort of paying off debt. To that end, the government must legislate maximum loans to values on mortgages, Minimum deposit requirements, maximum unsecured lending at around 25% of the larger salary for couples and 20% for singlies; Government must achieve a balanced budget across the cycle at least, and must have a framework in place which includes items such as PFI and other off balance sheet unfundeds (public sector pensions). If it cant afford them, then state spending must be cut. If this means granny cant have a hip replacement and the average life expectancy for the country drops, so be it. Tax HPI at 90% rate for first home ownership and 95% for second home ownership and beyond. Set targets for immigration; the nation is overpopulated and needs to shrink.

Increase Tax thresholds for couples to 15000 tax free on single salary if they work full time, re-introduce joint income calcs for married couples taxation. Reduce benefits for those out of work longer than 3 years to 30 pounds a week. Individuals on benefits will have to pay for prescriptions and if they are out of work for longer than 5 years and revert to 25 pounds of food vouchers a week. No extra benefits for families with more than 2 kids with father not in fll time work. Father in full time work = extra benefits for extra kids.

QE should be used for one purpose only; pay off banks toxic debt on the understanding that these loans will need to be paid off for the next 150 years. Thus, liabilities on balance can be reduced to a much smaller payment charged at a rate of BOE BR + 1%.Pay it off in total and fully nationalize for 20 years to shake up the bank system.

People defaulting on debt need to have their rates slashed and be made clear that individuals that took out debt WILL pay it off, even if it takes them a lifetime of eating gruel. Quality of life will suffer, but bearing in mind we will be using the knowledge economy to produce stuff, we will hopefully become a nation of net exporters and hopefully start nibbling away at the humongous balance of trade we have built ourselves.

It would be tough, but bearing in mind we fought off the might of the Nazis, I am sure we will overcome. We all need to stop whining and get on with fixing this country.

I am sorry but I don't think is extreme at all

Fridge2

Invite Ron Paul to come and run the country (if he would touch us with a barge pole) and kick those idiotic quasi-socialists that are currently in charge into touch.

In future it may be an idea that any incumbent Government is actually required to balance the budget instead of borrowing their way out of trouble.

A drastic reduction in public expenditure, an encouragement for people to take more responsibility for their own lives, and much less Govt interference would be nice as well.

In short, lets try some sound, Libertarian common sense.

nimpoppy

I think throwing away billions of pound by giving it to the banks is less extreme actually.

geoffky

FIRST thing i would do is try to educate the people about money and debt.(they wont because if people realized where money comes from their would be riots) i am sick to death of hearing idiots say "i am paying my credit cards off " when upon reality they are paying minimum payments and are unable to clear the debts...people need to get real about debt because if they dont they will be having a hard time...

Wookster

davilown wrote: »

Leave it alone - let the banks go bust, let people lose their houses.

Without banks, no one is financially viable.

Without the bailout the UK economy would have collapsed - we would be getting our meals from soup kitchens in council buildings. It would be back to the dark ages.

nimpoppy

You know what really frustrates me in all of this. I work incredibly hard to earn my own money and pay my way, I have never ever claimed anything off the government in the way of benefits. However. Why am I working so hard for them when they are not working hard for me. I am having to watch every penny of my own money and have to sacrifice keeping warm to eat properly when the government is giving my money away without thought. I know that is the general feeling of anger around here and what it all boils down to, I just wanted to write it down.

mbga9pgf

Write a book. In years to come, there will be a generation of lazy souls that are spending their lie with their credit cards, getting everything pad for by the government, being told "no more boom and bust". They will read your book and thank their lucky stars for never having to go through that. Except it will be just around the corner.