Comments on: Wake up Mr Darling! http://www.johnredwoodsdiary.com/2007/11/14/wake-up-mr-darling/ Conservative Party Member of Parliament for Wokingham Sat, 11 Oct 2008 09:29:00 +0000 http://wordpress.org/?v=2.6.2 By: Derek http://www.johnredwoodsdiary.com/2007/11/14/wake-up-mr-darling/#comment-11975 Derek Thu, 15 Nov 2007 00:20:51 +0000 http://www.johnredwoodsdiary.com/2007/11/14/wake-up-mr-darling/#comment-11975 It is pleasurable to watch the chancellor, and his puppetmaster, burn holes in the seat of their trousers with a painful slide down the wrong side of the Laffer curve. You're right the commercial property sector faces serious difficulties. This will be exacerbated if the government pursues its strategy of removing void business rate relief, announced in the last budget. I suspect this, pre-credit crunch, idea may mysteriously disappear though. It is pleasurable to watch the chancellor, and his puppetmaster, burn holes in the seat of their trousers with a painful slide down the wrong side of the Laffer curve.

You’re right the commercial property sector faces serious difficulties. This will be exacerbated if the government pursues its strategy of removing void business rate relief, announced in the last budget. I suspect this, pre-credit crunch, idea may mysteriously disappear though.

]]> By: Tony Makara http://www.johnredwoodsdiary.com/2007/11/14/wake-up-mr-darling/#comment-11903 Tony Makara Wed, 14 Nov 2007 09:47:27 +0000 http://www.johnredwoodsdiary.com/2007/11/14/wake-up-mr-darling/#comment-11903 Good article. The chancellor needs to understand that his strategy of acting after-the-fact means he is continually playing catch-up. Alistair Darling should spend one day a week working in the city and learning all about cash-flow. Money is like blood to the financial system and if the blood-flow is interupted there will be serious problems. Labour seem to think that everything can be cured by one grand gesture, whether its slapping ASBOs on petty criminals or giving a guarantee to Northern Rock. Just as economics cannot be explained in a sentence, economic problems cannot be cured with one stroke of genius. The chancellor needs to understand that he needs to follow economic events very closely, do it himself, and not be content with merely responding to events after they have happened. Good article. The chancellor needs to understand that his strategy of acting after-the-fact means he is continually playing catch-up. Alistair Darling should spend one day a week working in the city and learning all about cash-flow. Money is like blood to the financial system and if the blood-flow is interupted there will be serious problems. Labour seem to think that everything can be cured by one grand gesture, whether its slapping ASBOs on petty criminals or giving a guarantee to Northern Rock. Just as economics cannot be explained in a sentence, economic problems cannot be cured with one stroke of genius. The chancellor needs to understand that he needs to follow economic events very closely, do it himself, and not be content with merely responding to events after they have happened.

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