24th November 2008
This morning 5 of us were asked to comment ahead of Alistair Darling’s pre-budget report. In it I call for the Bank of England to lower interest rates across the board. Read all of the recommendations here.
Menu
24th November 2008
This morning 5 of us were asked to comment ahead of Alistair Darling’s pre-budget report. In it I call for the Bank of England to lower interest rates across the board. Read all of the recommendations here.
As usual Anne you are ahead of the game.
I recommend using bank assets to bring all threatened
repossessions into social housing: no more forced repossessions.
Martin,great does this mean the banks then become landlords and thus actually have to manage some ‘real’ estate and be responsible
for some real management of real stock. I like the muslim concept of banks being joint shareholders in whatever enterprise they lend money for. The
recipient of the money simply gains increasing share of the enterprise as repayments are made.
Without such responsibilities the banks remain
mere usurers. I dont believe the proping up the banks is doing other then restoring the system (if it works) that gave us the problem. At least the
British now have a legal share in the banks so they if the banks are rejuvenated they too recive a dividend. As I see it much of the prop up money
is a straight steal from the public purse.