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Good grief - Fifty Seven Billion pounds of aid for Northern Rock

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WTF?_2
WTF?_2 Posts: 4,592 Forumite
in House buying, renting & selling
57bn so far, and still counting:

http://news.bbc.co.uk/1/hi/business/7149405.stm

About 2000 quid of 'support' from each taxpayer in the country.

How much longer is this tragi-comedy going to be allowed to run for - the government must be really desperate to see 125% LTV and 6x salary loans continue.
--
Every pound less borrowed (to buy a house) is more than two pounds less to repay and more than three pounds less to earn, over the course of a typical mortgage.
«13456

Comments

  • merlinthehappypig
    merlinthehappypig Posts: 1,106 Forumite
    Good to see, in the same news, that inflation hasn't increased over the last month......... apparently we can all relax now and reduce interest rates.

    I must have imagined that my food and petrol bills have increased hugely recently.

    The Government must think we are really thick or do people genuinely believe this rubbish?
  • ruggedtoast
    ruggedtoast Posts: 9,819 Forumite
    merlinthehappypig wrote: »
    Good to see, in the same news, that inflation hasn't increased over the last month......... apparently we can all relax now and reduce interest rates.

    I must have imagined that my food and petrol bills have increased hugely recently.

    The Government must think we are really thick or do people genuinely believe this rubbish?

    I think that its slowly filtering through to popular consciousness that Gordons on the fiddle.
  • greencat_2
    greencat_2 Posts: 111 Forumite
    An utter disgrace.
  • Gorgeous_George
    Gorgeous_George Posts: 7,964 Forumite
    Part of the Furniture Combo Breaker
    !!!!!!? wrote: »
    About 2000 quid of 'support' from each taxpayer in the country.

    Err, it doesn't work like that.

    :)

    GG
    There are 10 types of people in this world. Those who understand binary and those that don't.
  • Curious_Moose
    Curious_Moose Posts: 710 Forumite
    Part of the Furniture 500 Posts Combo Breaker
    So he bails out NR shareholders but left the poor sods who lost their final salary pensions to rot for years. Oh yes, and he helped screw them up in the first place with his £5 billion a year tax grab.
  • epz_2
    epz_2 Posts: 1,859 Forumite
    !!!!!!? wrote: »
    57bn so far, and still counting:

    http://news.bbc.co.uk/1/hi/business/7149405.stm

    About 2000 quid of 'support' from each taxpayer in the country.

    How much longer is this tragi-comedy going to be allowed to run for - the government must be really desperate to see 125% LTV and 6x salary loans continue.


    whens the next general election?
  • Pobby
    Pobby Posts: 5,438 Forumite
    epz wrote: »
    whens the next general election?


    Agreed,but who the heck do you vote for.They all seem to me to be a bunch of shabby sleaze bags.The only reason any of them want power is the cash,the power and the self publicity.Total rubbish.
  • PasturesNew
    PasturesNew Posts: 70,698 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Northern Rock is being looked at/covered at 10.30 on ITV... so in 6 minutes.

    No idea what ... I just caught the announcers mentioning it before the current programme started.
  • epz_2
    epz_2 Posts: 1,859 Forumite
    Pobby wrote: »
    Agreed,but who the heck do you vote for.They all seem to me to be a bunch of shabby sleaze bags.The only reason any of them want power is the cash,the power and the self publicity.Total rubbish.


    tory, they may be corrupt but its cheaper to let a few mps pocket brown envelopes rather than be incompitant like labour. i have no idea how they managed to blow a billion on a tent but the bit that really got me was it costing £24 million a month to keep closed, how does that work?
  • WTF?_2
    WTF?_2 Posts: 4,592 Forumite
    Gorgeous_George wrote: »
    Err, it doesn't work like that.

    :)

    GG

    Great, can I have 57 billion pounds from the Bank of England then please as no public money is involved :rolleyes:
    --
    Every pound less borrowed (to buy a house) is more than two pounds less to repay and more than three pounds less to earn, over the course of a typical mortgage.
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