Debate House Prices


In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non MoneySaving matters are no longer permitted. This includes wider debates about general house prices, the economy and politics. As a result, we have taken the decision to keep this board permanently closed, but it remains viewable for users who may find some useful information in it. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

Europe warns Britain of dangers of rising debt

:jYou can have everything you wont in lfe, If you only help enough other people to get what they wont.:j

Comments

  • Degenerate
    Degenerate Posts: 2,166 Forumite
    Look over there!
  • purch
    purch Posts: 9,865 Forumite
    ....the European Commission classed Britain alongside the struggling Irish Republic and stricken Latvia as the European Union economies whose national finances had been most dangerously hit by the costs of the crisis....

    That's not good company to be keeping :eek:
    'In nature, there are neither rewards nor punishments - there are Consequences.'
  • Jonbvn
    Jonbvn Posts: 5,562 Forumite
    Part of the Furniture 1,000 Posts
    At least the UK has it's own currency, which will likely devalue when Alastair goes to the IMF. Spain & Ireland have no such luxury.

    Methinks the jobsworths in Brussels need to look after their own house before they worry about ours!
    In case you hadn't already worked it out - the entire global financial system is predicated on the assumption that you're an idiot:cool:
  • ruggedtoast
    ruggedtoast Posts: 9,819 Forumite
    Alistair Darling was again urged to take more urgent and radical measures to bolster the UK’s budgetary position,

    I have a radical idea. How about not borrowing billions of pounds to hand over to a bankers so that they can start paying themselves telephone number bonuses again and 9 million pound salaries.

    Invest the money in education and health and research and see where that gets us for once.
  • StevieJ
    StevieJ Posts: 20,174 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    halight wrote: »

    European commission, have they suddenly become the font of all knowledge, most people on here think they don't know their !!!! from their elbow, or is that not true when they are having a go at Labour finances icon7.gif
    'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher
  • Well the EU would know something about the dangers of rising debt, so I will take their warning under advisement. This warning is a bit like the Germans loudly criticising the large size of Britain's fiscal stimulus whilst quietly running their own stimulus far bigger than ours.

    As for RBS, I support Hestor's package. Its mainly dependent on future success and its value depends on that success. If he succeeds then he delivers large profits to the UK exchequer as we sell off the now inflated RBS shares back to the private sector.

    A £10bn taxpayer profit in return for a £9m salary? Seems like a reasonable deal.
  • StevieJ
    StevieJ Posts: 20,174 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker

    A £10bn taxpayer profit in return for a £9m salary? Seems like a reasonable deal.

    If he totally fails and the share price disintegrates he will receive £1.2 million :eek:
    'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher
  • Wookster
    Wookster Posts: 3,795 Forumite
    Well the EU would know something about the dangers of rising debt, so I will take their warning under advisement. This warning is a bit like the Germans loudly criticising the large size of Britain's fiscal stimulus whilst quietly running their own stimulus far bigger than ours.

    As for RBS, I support Hestor's package. Its mainly dependent on future success and its value depends on that success. If he succeeds then he delivers large profits to the UK exchequer as we sell off the now inflated RBS shares back to the private sector.

    A £10bn taxpayer profit in return for a £9m salary? Seems like a reasonable deal.

    OUT OF CONTROL PUBLIC DEBT. That's what the problem is. Labour aren't financially incompetent, they are financially incontinent. As soon as they open their mouth the cash burn goes. The latest example is the failed immigrant scheme (£1m to result in 1 family leaving: http://news.bbc.co.uk/1/hi/uk/8115630.stm)

    No doubt we'll have Harriet Hellman come and tell the public (with that stern voice of a teacher ticking off an unruly student) that this represents good value for taxpayers.
  • halight
    halight Posts: 3,629 Forumite
    Part of the Furniture Combo Breaker
    StevieJ wrote: »
    European commission, have they suddenly become the font of all knowledge, most people on here think they don't know their !!!! from their elbow, or is that not true when they are having a go at Labour finances icon7.gif

    No Mate,
    I only posted it because i thourt that some on here would be intrested in it.
    I think that most ( but not all) of what the EU says about us is mostly just trying to get one over on us or have a go at us.

    But i do agree with what other countrys and world banks say about our level of debt. And a lot of what brown has done to try to combat the down turn has not worked or even come close. E.g. The V.A.T cut. This has just cost the country alot of money and has not achived much.
    I do think scraping old cars and getting £2000 off a new one is a good idea and im very happy for the folk that have taken it up. (i dont have a car anyway by the way)

    I belive in small Gov and small overdrafts:p
    :jYou can have everything you wont in lfe, If you only help enough other people to get what they wont.:j
This discussion has been closed.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 351.4K Banking & Borrowing
  • 253.3K Reduce Debt & Boost Income
  • 453.8K Spending & Discounts
  • 244.4K Work, Benefits & Business
  • 599.7K Mortgages, Homes & Bills
  • 177.2K Life & Family
  • 258K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.2K Discuss & Feedback
  • 37.6K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.