We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. 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!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
Labour plans for FTB ISAs
Comments
-
It is laughable to complain about Labour interfering in the free market with respect to the banks.
We have, thankfully, got rid of the clowns that ran some of our banks to the brink of the abyss, and we have better regulation that hopefully will prevent similar disasters. The last thing we now need is a couple of fresh clowns who exploit the sad fact that so many people in the country lack financial literacy.0 -
Many of them?It is laughable to complain about Labour interfering in the free market with respect to the banks.
If government money hadn't been used to rescue the banks from their ludicrous excesses a few years ago, many of them would not exist, their shareholders still wouldn't have stopped whingeing, and we'd all be worse off.
Two, I think.
One of which appears to have made the state a profit in the value of it's shareholdings.0 -
What an incredible set of postings from a subset of the most prolific posters on this board who are supposed to know something about money!
Did your autocorrect kick in for this? Was it really meant to say..
"Well done to some non-economist regular posters who in a few brief posts managed to demolish a daft policy created on the back of a fag packet"Remember the saying: if it looks too good to be true it almost certainly is.0 -
I'd love to be so sure, as these experts, that building these zillions of houses will stabilise or even bring down the prices.0
-
Coveredinbees!!!! wrote: »Where exactly is he planning on building these 1000's of new homes?
On the remaining bit of green and pleasant land?Stopped smoking 27/12/2007, but could start again at any time :eek:0 -
PeacefulWaters wrote: »Many of them?
Two, I think.
One of which appears to have made the state a profit in the value of it's shareholdings.
Exactly, this old chestnut gets wheeled out again and again. The taxpayers will get their money back - probably with a profit.Stopped smoking 27/12/2007, but could start again at any time :eek:0 -
Quite..there is actually plenty of land in this country for building. Its hard to believe but just fly over the country and peer out.Coveredinbees!!!! wrote: »Where exactly is he planning on building these 1000's of new homes?
Now im not an advocate of widespread building on virgin land.
What needs to happen in this limited space is
cut population
cut/limit immigration
The other issue of course is that most of the land is owned/stolen/sequestrated by the few.
Do you think they will give it to builders for the lower orders to infect with their presence ?Feudal Britain needs land reform. 70% of the land is "owned" by 1 % of the population and at least 50% is unregistered (inherited by landed gentry). Thats why your slave box costs so much..0 -
C_Mababejive wrote: »cut/limit immigration
Xenophobia doesn't build houses but it would cripple the NHS and many farmers.0 -
PeacefulWaters wrote: »Many of them?
Two, I think.
One of which appears to have made the state a profit in the value of it's shareholdings.
Two?
Maybe some people have short or selective memories.
Halifax/Bank of Scotland
Lloyds
Royal Bank of Scotland
Bradford & Bingley
Northern Rock
Treasury support consisted of more than taking shares in 3 banks and merging 2 of them, and nationalising 2 others.
There were also schemes of credit guarantees and loans, including to the FSCS, which helped prevent saver confidence collapsing and causing runs on many institutions, and direct to several banks which had become insolvent, including
London Scottish Bank
Dunfermline Building Society
Heritable
Kaupthing Singer & Friedlander
Landsbanki
The total aid, including purchases loans and guarantees, was over £1000 billion
Figures and names from
http://www.nao.org.uk/highlights/taxpayer-support-for-uk-banks-faqs/
As for which shares are supposed to have made a profit, the NAO points out there that the money used to buy shares can notionally be said to have a cost, as it comes from borrowed money, such as gilts.0 -
It was LBG that received bailout money after Lloyds TSB bought HBOS.Two?
Maybe some people have short or selective memories.
Halifax/Bank of Scotland
Lloyds
Royal Bank of Scotland
Bradford & Bingley
Northern Rock
Treasury support consisted of more than taking shares in 3 banks and merging 2 of them, and nationalising 2 others.
I'll concede the point on NRAM (mainly due to me being completely wrong thanks to being a forgetful old fart) - although it's actually declared a profit for several years.
All the FSCS money is being repaid with interest. Gilt interest costs are conveniently low these days.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 353.7K Banking & Borrowing
- 254.2K Reduce Debt & Boost Income
- 455.1K Spending & Discounts
- 246.8K Work, Benefits & Business
- 603.2K Mortgages, Homes & Bills
- 178.2K Life & Family
- 260.8K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards