Comments on: The US is fighting recession, the UK is dithering http://www.johnredwoodsdiary.com/2008/01/31/the-us-is-fighting-recession-the-uk-is-dithering/ Conservative Party Member of Parliament for Wokingham Fri, 08 Aug 2008 18:36:11 +0000 http://wordpress.org/?v=2.6 By: David Hathering http://www.johnredwoodsdiary.com/2008/01/31/the-us-is-fighting-recession-the-uk-is-dithering/#comment-17407 David Hathering Sun, 17 Feb 2008 19:16:28 +0000 http://www.johnredwoodsdiary.com/2008/01/31/the-us-is-fighting-recession-the-uk-is-dithering/#comment-17407 What an absolute shambles - the Banks control our economy which we are told is on the verge of recession. If we do enter recession in england, it will be because the banks did not want to eat into their extortionate profits - no other reason at all. The banks should be abolished as feudalism can no longer be tolerated especially when it is thinly disguised as capitalism. The government is a complete kakistocracy, and what is worse; there are no real alternatives! The real issues are swathed in complicated explanations expertly delivered by politicians who apart apart from convulsive rhetoric have no place in our society - a true definition for the word vestigial. What an absolute shambles - the Banks control our economy which we are told is on the verge of recession.
If we do enter recession in england, it will be because the banks did not want to eat into their extortionate profits - no other reason at all.

The banks should be abolished as feudalism can no longer be tolerated especially when it is thinly disguised as capitalism.

The government is a complete kakistocracy, and what is worse; there are no real alternatives!
The real issues are swathed in complicated explanations expertly delivered by politicians who apart apart from convulsive rhetoric have no place in our society - a true definition for the word vestigial.

]]> By: mikestallard http://www.johnredwoodsdiary.com/2008/01/31/the-us-is-fighting-recession-the-uk-is-dithering/#comment-16862 mikestallard Thu, 31 Jan 2008 16:52:17 +0000 http://www.johnredwoodsdiary.com/2008/01/31/the-us-is-fighting-recession-the-uk-is-dithering/#comment-16862 Thank you for this succinct summary. You are leaving Europe out of the equation, though, aren't you? (FSA/ anti monopoly laws under a strict commissioner). Mr Brown has so arranged things that he can have his own way in everything. This, actually, means that he is totally out of touch and also that he cannot take sensible advice from anyone either. All dictatorships have this problem: things are not discussed properly and decisions are therefore wrong. Or the dictator dithers. May I remind you that taxation is running at well over 40%, the national debt is rising fast and (Telegraph today) 1 million people face eviction when their mortgages fall through. It's serious all right! On the BBC the other night, the economics editor let it slip that "taxation last year wasn't as much as the government thought it would be." Does this mean that the system is now so chaotic and the Treasury so shambolic that taxes are not being collected and that a lot of people are evading them? Thank you for this succinct summary. You are leaving Europe out of the equation, though, aren’t you? (FSA/ anti monopoly laws under a strict commissioner).

Mr Brown has so arranged things that he can have his own way in everything. This, actually, means that he is totally out of touch and also that he cannot take sensible advice from anyone either.
All dictatorships have this problem: things are not discussed properly and decisions are therefore wrong. Or the dictator dithers.

May I remind you that taxation is running at well over 40%, the national debt is rising fast and (Telegraph today) 1 million people face eviction when their mortgages fall through.

It’s serious all right!

On the BBC the other night, the economics editor let it slip that “taxation last year wasn’t as much as the government thought it would be.” Does this mean that the system is now so chaotic and the Treasury so shambolic that taxes are not being collected and that a lot of people are evading them?

]]> By: Tony Makara http://www.johnredwoodsdiary.com/2008/01/31/the-us-is-fighting-recession-the-uk-is-dithering/#comment-16854 Tony Makara Thu, 31 Jan 2008 12:05:15 +0000 http://www.johnredwoodsdiary.com/2008/01/31/the-us-is-fighting-recession-the-uk-is-dithering/#comment-16854 I can't see the BOE doing anything other than shadowing the ECB driven by the fear of too great a differential between Sterling and the Euro. The more Sterling falls against the Euro the more high streets prices, particularly foodstuffs, are going to rocket. These are the prices that Joe Public will notice as he gets his weekly shopping in at the local supermarket. With inflation in the Eurozone up yet again the ECB will not cut rates and the MPC will be under political pressure not to follow. I can’t see the BOE doing anything other than shadowing the ECB driven by the fear of too great a differential between Sterling and the Euro. The more Sterling falls against the Euro the more high streets prices, particularly foodstuffs, are going to rocket. These are the prices that Joe Public will notice as he gets his weekly shopping in at the local supermarket. With inflation in the Eurozone up yet again the ECB will not cut rates and the MPC will be under political pressure not to follow.

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