Comments on: Harriet Harman can’t answer the Northern Rock questions http://www.johnredwoodsdiary.com/2007/11/22/harriet-harman-cant-answer-the-northern-rock-questions/ Conservative Party Member of Parliament for Wokingham Sun, 20 Jul 2008 07:04:44 +0000 http://wordpress.org/?v=2.5.1 By: David Burch http://www.johnredwoodsdiary.com/2007/11/22/harriet-harman-cant-answer-the-northern-rock-questions/#comment-12908 David Burch Fri, 23 Nov 2007 10:29:29 +0000 http://www.johnredwoodsdiary.com/2007/11/22/harriet-harman-cant-answer-the-northern-rock-questions/#comment-12908 A very good point John and one I trust you will persue in the public interest. They must be accountable for where the money has come from and where it has been diverted from?. Maybe this is the time to invest in 10 year gilts! As oppose to any bank guarantees thats an easy one - its either yes or no and how much if yes. That is public domain information as they are commiting our taxation monies. A very good point John and one I trust you will persue in the public interest.

They must be accountable for where the money has come from and where it has been diverted from?. Maybe this is the time to invest in 10 year gilts!

As oppose to any bank guarantees thats an easy one - its either yes or no and how much if yes. That is public domain information as they are commiting our taxation monies.

]]> By: Derek http://www.johnredwoodsdiary.com/2007/11/22/harriet-harman-cant-answer-the-northern-rock-questions/#comment-12847 Derek Thu, 22 Nov 2007 21:00:47 +0000 http://www.johnredwoodsdiary.com/2007/11/22/harriet-harman-cant-answer-the-northern-rock-questions/#comment-12847 Based on what an aggrieved (soon to lose their job) and garrulous HMRC employee alleged to me, it would appear the government has done a big version of hunting down the back of the sofas in order to find the NR money. The HMRC employee was a tax inspector, I've had a poor trading year, as a result of bad decisions made last year. How fair that the government chooses to harass me for more money, my ailing business can ill afford, only to pump it into keeping afloat another more politically expedient business, that also made bad decisions. Whether the NR loans will improve money supply would depend on whether its creditors are onshore, I'd have thought. Interesting that given the government has already given a virtual idemnity on all savings and may well have to offer the same to any idendity fraud victims it might have ineptly created, it seems very rash that Miss Harman appears to now be operating a shareholders benevolent fund. I've had a spot of recent bad luck with some housebuilder's shares, I wonder if she'd be good enough to forward me a cheque for the losses - please don't use TNT though. Reply: I don't think she meant what she said! We can't get the staff these days to be competent government Ministers! Based on what an aggrieved (soon to lose their job) and garrulous HMRC employee alleged to me, it would appear the government has done a big version of hunting down the back of the sofas in order to find the NR money. The HMRC employee was a tax inspector, I’ve had a poor trading year, as a result of bad decisions made last year. How fair that the government chooses to harass me for more money, my ailing business can ill afford, only to pump it into keeping afloat another more politically expedient business, that also made bad decisions.

Whether the NR loans will improve money supply would depend on whether its creditors are onshore, I’d have thought.

Interesting that given the government has already given a virtual idemnity on all savings and may well have to offer the same to any idendity fraud victims it might have ineptly created, it seems very rash that Miss Harman appears to now be operating a shareholders benevolent fund. I’ve had a spot of recent bad luck with some housebuilder’s shares, I wonder if she’d be good enough to forward me a cheque for the losses - please don’t use TNT though.

Reply: I don’t think she meant what she said! We can’t get the staff these days to be competent government Ministers!

]]> By: schober http://www.johnredwoodsdiary.com/2007/11/22/harriet-harman-cant-answer-the-northern-rock-questions/#comment-12846 schober Thu, 22 Nov 2007 21:00:28 +0000 http://www.johnredwoodsdiary.com/2007/11/22/harriet-harman-cant-answer-the-northern-rock-questions/#comment-12846 hmm, i'm inclined to agree nick; m3 is growing at ~13% pa so it could well be down to the printing presses; just look at hhow the price of gold is rocketing away or if you like the hmm, i’m inclined to agree nick; m3 is growing at ~13% pa so it could well be down to the printing presses; just look at hhow the price of gold is rocketing away or if you like the

]]> By: Brian Tomkinson http://www.johnredwoodsdiary.com/2007/11/22/harriet-harman-cant-answer-the-northern-rock-questions/#comment-12836 Brian Tomkinson Thu, 22 Nov 2007 18:09:40 +0000 http://www.johnredwoodsdiary.com/2007/11/22/harriet-harman-cant-answer-the-northern-rock-questions/#comment-12836 Do ministers ever answer questions? Whenever I watch parliamentary questions they always seem to avoid answering. They clearly take their lead from the Prime Minister who only ever answers questions obviously planted and asked by nauseatingly grovelling Labour backbenchers. Do ministers ever answer questions? Whenever I watch parliamentary questions they always seem to avoid answering. They clearly take their lead from the Prime Minister who only ever answers questions obviously planted and asked by nauseatingly grovelling Labour backbenchers.

]]> By: Nick http://www.johnredwoodsdiary.com/2007/11/22/harriet-harman-cant-answer-the-northern-rock-questions/#comment-12826 Nick Thu, 22 Nov 2007 15:51:46 +0000 http://www.johnredwoodsdiary.com/2007/11/22/harriet-harman-cant-answer-the-northern-rock-questions/#comment-12826 They haven't had to borrow it. They have effectively printed it. The money that people and banks pulled from NR is now floating round the system. ie. They have increased the money supply by 25 billion, with another 25 in the pipeline. That's inflationary, and one reason why a result of NR will be that rates remain higher than they should have been They haven’t had to borrow it. They have effectively printed it.

The money that people and banks pulled from NR is now floating round the system.

ie. They have increased the money supply by 25 billion, with another 25 in the pipeline.

That’s inflationary, and one reason why a result of NR will be that rates remain higher than they should have been

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