Comments on: The government - and taxpayers - will pay for the rushed legislation this week http://www.johnredwoodsdiary.com/2008/02/23/the-government-and-taxpayers-will-pay-for-the-rushed-legislation-this-week/ Conservative Party Member of Parliament for Wokingham Sun, 12 Oct 2008 11:55:52 +0000 http://wordpress.org/?v=2.6.2 By: Simon_C http://www.johnredwoodsdiary.com/2008/02/23/the-government-and-taxpayers-will-pay-for-the-rushed-legislation-this-week/#comment-17846 Simon_C Sun, 02 Mar 2008 22:14:52 +0000 http://www.johnredwoodsdiary.com/2008/02/23/the-government-and-taxpayers-will-pay-for-the-rushed-legislation-this-week/#comment-17846 ISTM that the problem is the executive controls in the current system is too powerful. Not only do they propose legislation, they control everything about the way the house discuses it. So, with a large majority, there are no checks and balances. ISTM that the problem is the executive controls in the current system is too powerful. Not only do they propose legislation, they control everything about the way the house discuses it. So, with a large majority, there are no checks and balances.

]]> By: David Cram http://www.johnredwoodsdiary.com/2008/02/23/the-government-and-taxpayers-will-pay-for-the-rushed-legislation-this-week/#comment-17660 David Cram Mon, 25 Feb 2008 21:46:13 +0000 http://www.johnredwoodsdiary.com/2008/02/23/the-government-and-taxpayers-will-pay-for-the-rushed-legislation-this-week/#comment-17660 JR - Thank you - I did not look further down your column, so missed the prior article on Granite. JR - Thank you - I did not look further down your column, so missed the prior article on Granite.

]]> By: Chuck Unsworth http://www.johnredwoodsdiary.com/2008/02/23/the-government-and-taxpayers-will-pay-for-the-rushed-legislation-this-week/#comment-17644 Chuck Unsworth Mon, 25 Feb 2008 10:20:58 +0000 http://www.johnredwoodsdiary.com/2008/02/23/the-government-and-taxpayers-will-pay-for-the-rushed-legislation-this-week/#comment-17644 'One day' we'll find out quite a few things - but not if this Government has anything to do with it. Transparency? Anyone care to offer a modern definition? ‘One day’ we’ll find out quite a few things - but not if this Government has anything to do with it. Transparency? Anyone care to offer a modern definition?

]]> By: Bryan Davies http://www.johnredwoodsdiary.com/2008/02/23/the-government-and-taxpayers-will-pay-for-the-rushed-legislation-this-week/#comment-17636 Bryan Davies Sun, 24 Feb 2008 19:39:07 +0000 http://www.johnredwoodsdiary.com/2008/02/23/the-government-and-taxpayers-will-pay-for-the-rushed-legislation-this-week/#comment-17636 Has anybody looked at the pension fund? Is it in surplus? Will not hold my breath Reply: The taxpayer takes on the deficit. Has anybody looked at the pension fund? Is it in surplus? Will not hold my breath

Reply: The taxpayer takes on the deficit.

]]> By: David Cram http://www.johnredwoodsdiary.com/2008/02/23/the-government-and-taxpayers-will-pay-for-the-rushed-legislation-this-week/#comment-17621 David Cram Sun, 24 Feb 2008 13:06:36 +0000 http://www.johnredwoodsdiary.com/2008/02/23/the-government-and-taxpayers-will-pay-for-the-rushed-legislation-this-week/#comment-17621 JR - Somehow, could you raise the issue of Granite? If allegations are correct, it does seem strange that the good parts of NR were ripped out prior to Nationalisation. Has the taxpayer been treated in a similar way? DC Reply: We have raised the issue of Granite. There are several Granite companies - and others - that hold mortgages from Northern Rock. there was nothing wrong with this way of financing their growth. Please see my account of how to finance a mortgage bank which tries to explain it. JR - Somehow, could you raise the issue of Granite? If allegations are correct, it does seem strange that the good parts of NR were ripped out prior to Nationalisation. Has the taxpayer been treated in a similar way?

DC

Reply: We have raised the issue of Granite. There are several Granite companies - and others - that hold mortgages from Northern Rock. there was nothing wrong with this way of financing their growth. Please see my account of how to finance a mortgage bank which tries to explain it.

]]> By: Mark http://www.johnredwoodsdiary.com/2008/02/23/the-government-and-taxpayers-will-pay-for-the-rushed-legislation-this-week/#comment-17594 Mark Sat, 23 Feb 2008 22:50:18 +0000 http://www.johnredwoodsdiary.com/2008/02/23/the-government-and-taxpayers-will-pay-for-the-rushed-legislation-this-week/#comment-17594 Brilliant post. One day, I agree, this country will realise that the nationalisation of Northern Rock is a disaster. Brilliant post. One day, I agree, this country will realise that the nationalisation of Northern Rock is a disaster.

]]> By: mikestallard http://www.johnredwoodsdiary.com/2008/02/23/the-government-and-taxpayers-will-pay-for-the-rushed-legislation-this-week/#comment-17593 mikestallard Sat, 23 Feb 2008 20:24:01 +0000 http://www.johnredwoodsdiary.com/2008/02/23/the-government-and-taxpayers-will-pay-for-the-rushed-legislation-this-week/#comment-17593 Thank you very much for your very clear exposition of the problems of nationalising Northern Rock. I have read the debate which you published. You are quite right; it demonstrates quite starkly how little discussion and, more important, listening, the government is doing. Events will indeed determine the debate as you say. Already the staggering sum of £100 billion is at stake. If that were to double, then one third of the government's income would be compromised. To ordinary people £100 is a LOT of money. So how can we understand it if parliament is talking of m/billions of pounds? I think that is the reason that Yvette Cooper can get away with it. Time - as ever - will tell. And I do not think this government has much longer to run. John Major never made mistakes on this scale. Thank you very much for your very clear exposition of the problems of nationalising Northern Rock.
I have read the debate which you published. You are quite right; it demonstrates quite starkly how little discussion and, more important, listening, the government is doing.
Events will indeed determine the debate as you say.
Already the staggering sum of £100 billion is at stake. If that were to double, then one third of the government’s income would be compromised.
To ordinary people £100 is a LOT of money. So how can we understand it if parliament is talking of m/billions of pounds? I think that is the reason that Yvette Cooper can get away with it.
Time - as ever - will tell. And I do not think this government has much longer to run. John Major never made mistakes on this scale.

]]> By: apl http://www.johnredwoodsdiary.com/2008/02/23/the-government-and-taxpayers-will-pay-for-the-rushed-legislation-this-week/#comment-17585 apl Sat, 23 Feb 2008 14:55:24 +0000 http://www.johnredwoodsdiary.com/2008/02/23/the-government-and-taxpayers-will-pay-for-the-rushed-legislation-this-week/#comment-17585 JR: ¨Once they gave in there was no point the Conservative peers continuing, as they did not have the votes.¨ And who do we have to thank for that? Ah yes, Lord Strathclyde, who, in his eagerness to get one over on William Hague, agreed to the expulsion of the Conservative peers from the Lords. Reply: Labour were going to evict them anyway. Lord Strathclyde salvaged something. JR: ¨Once they gave in there was no point the Conservative peers continuing, as they did not have the votes.¨

And who do we have to thank for that? Ah yes, Lord Strathclyde, who, in his eagerness to get one over on William Hague, agreed to the expulsion of the Conservative peers from the Lords.

Reply: Labour were going to evict them anyway. Lord Strathclyde salvaged something.

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