Budget verdict

Mr_Mumble

Rochdale_Pioneers wrote: »

Yes, the banking sector has cost the world $4tn in dodgy investments which governments are having to cover in bail out costs.

It is governments that have cost us trillions by printing cheap and easy money which led to inflating asset prices i.e. housing. Banks were stupid but were simply a conduit between stupid government and stupid individuals. The biggest basket cases in the financial sector are the government sponsored Freddie Mac and Fannie Mae.

The absolute best way to fix this disaster is to punish the public sector workers who had sod all to do with the disaster and let the bankers keep their big salaries and low rates of tax. that'd be fair....

Hate to bring facts into this but the treasury estimates a maximum loss of £60bn on banks while it borrows £703bn over the next five years. It is the size of the public sector that is Britain's problem not the bankers. The £1tn public sector pensions liability makes the credit crunch look like a walk in the park.

Cannon_Fodder

Budget Verdict of the Treasury Select Committee...

Darling's Growth Forecasts 'Optimistic'
http://news.sky.com/skynews/Home/Politics/Alistair-Darlings-Growth-Forecasts-Are-Optimistic-According-To-The-Treasury-Select-Committee/Article/200905115276200?lpos=Politics_First_UK_News_Article_Teaser_Region_2&lid=ARTICLE_15276200_Alistair_Darlings_Growth_Forecasts_Are_Optimistic_According_To_The_Treasury_Select_Committee

John McFall told Sky News: "The Chancellor is looking for the big bounce back from the financial services industry and housing.
"We don't think that will happen."

chewmylegoff

Generali wrote: »

In Sydney we have T-Ways - like train tracks but for buses.

sydney also has an extensive commuter rail network though.

tarmacing over the train tracks is clearly a silly thing to do, and there is no way you could get all the people who travel by rail into london and out again every day on the resultant new roads, and even if you could you would have to bulldoze half the city to build the necessary car parks.