Re: Put your money where your mouth is : Wed Jun 06, 2012 4:57 pm  

sally cinnamon wrote:

I will be inclined to do my bit for our great nation and put some money aside in growth bonds, I assume Dally being a fellow patriot will do the same?

Haven't got any, so can't.

This will be an interesting proposition if it goes ahead. If it's successful, there may be an orderly run on banks and building societies which would further reduce lending and could send a few institutions under. Maybe its all a plan to give the public the chance to get their money out of these financial institutions so the banks can be left to go bust if the Eurozone buck ultimately stops with London banks (which I guess it might)? Anyone with money left in will then only have themselves to blame and so will not be worthy on being compensated by HMG?

Re: Put your money where your mouth is : Wed Jun 06, 2012 5:23 pm  

Dally wrote:

Haven't got any, so can't.

This will be an interesting proposition if it goes ahead. If it's successful, there may be an orderly run on banks and building societies which would further reduce lending and could send a few institutions under. Maybe its all a plan to give the public the chance to get their money out of these financial institutions so the banks can be left to go bust if the Eurozone buck ultimately stops with London banks (which I guess it might)? Anyone with money left in will then only have themselves to blame and so will not be worthy on being compensated by HMG?

They already have 2k of my money 'NS&I' and they wont be getting anymore until they can prove that they won't blow it on something stupid and that it will be shared fairly right across the country.

I fear when they say 'there is the potential to tap into this money and get it invested in infrastructure' what they actually mean is 'there is the potential to tap into this money and get it invested in infrastructure in and around London'.

Re: Put your money where your mouth is : Wed Jun 06, 2012 5:55 pm  

What's the problem with the Green Deal legislation?

Re: Put your money where your mouth is : Wed Jun 06, 2012 8:12 pm  

But what about the deficit? Won't someone please think of the deficit!

Re: Put your money where your mouth is : Wed Jun 06, 2012 8:40 pm  

Him wrote:

But what about the deficit? Won't someone please think of the deficit!

They have. It's down c.25% since they came into power.

Re: Put your money where your mouth is : Thu Jun 07, 2012 4:56 am  

Wildmoose wrote:

What's the problem with the Green Deal legislation?

Have you read it, do you fully understand the implications, never mind the fact that it's primary legislation which means future governments don't have to stick to it?

(maybe worthy of it's own thread, once (IF) it ever passes the secondary legislation stage)

Re: Put your money where your mouth is : Thu Jun 07, 2012 7:25 am  

Standee wrote:

Have you read it, do you fully understand the implications, never mind the fact that it's primary legislation which means future governments don't have to stick to it?

(maybe worthy of it's own thread, once (IF) it ever passes the secondary legislation stage)

Given the propensity of this bunch of misfits to u-turn (sorry, listen) on any proposal apart from raping the poor to furtrher subsidise the rich, then anything could happen.

Re: Put your money where your mouth is : Thu Jun 07, 2012 7:27 am  

Dally wrote:

They have. It's down c.25% since they came into power.

So they'll just about be on course to meet Labour's target of 50% deficit reduction in the first term, instead of their totally unrealistic target of deficit elimination?

Re: Put your money where your mouth is : Thu Jun 07, 2012 8:09 am  

cod'ead wrote:

So they'll just about be on course to meet Labour's target of 50% deficit reduction in the first term, instead of their totally unrealistic target of deficit elimination?

But to achieve that stupendous, magnificent, awe-inspiring feat of a 25% reduction they have increased Local government borrowing by 400%, cut investment by 40% (and projected to go into negative figures next year), and increased debt as a % of GDP by around 40%.

In essence, they've really fcked it up.

Re: Put your money where your mouth is : Thu Jun 07, 2012 8:41 am  

And let's not forget the double-dip recession.