 BUSINESS 4NETWORKING [Banks warned - lend or we will force you] |
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Posted on 24th Nov 2008 at 07:29
The Guardian says Mr Darling is threatening legislation to stop banks withdrawing cheap mortgages and credit lines as he unveils a package of VAT cuts in his pre-Budget report.
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Posted on 24th Nov 2008 at 08:43
What he needs to be doing is forcing the energy people to bring down their prices, and also bring down the council tax. My council tax under labour has gone from £330.00 to £1160.00!!!
Dorrian
  
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Posted on 24th Nov 2008 at 10:02
I'm not normally an interventionist believing that markets should be free to decide but I think the actions of the banks is abhorrent as it is tax payers money that has saved them and they are now turning the knife in the wound.
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Posted on 24th Nov 2008 at 10:03
Totally, its bang out of order..
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Posted on 24th Nov 2008 at 11:01
But the government are being very two faced...the comment above about council tax and energy bills is relevant, as the increases in these are a real issue for households on a tight budget...
Jealous of £1160 a year though..my council tax is massively over double that!!! And my combined energy bill is fast catching it up and just under £2k!!!
Paul Norman 4N North Tyneside and Oxford
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Posted on 25th Nov 2008 at 11:02
Anyone else amused by this though?
Darling says lend to banks yet aint that what got us in this mess in the first place?
Being involved in the money game means I have had an interesting few months recently seeing the ups and downs and I am more than happy that the days of irresponsible lending would appear to be a thing of the past.
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Posted on 25th Nov 2008 at 18:05
Yes, Darling is saying do more of the stuff that caused the problem in the first place!
Also, if he had a brain, he would have sorted this issue out in the terms under which the public purse bailed out the banks.
Paul Norman 4N North Tyneside and Oxford
Gibside Associates - a different approach
www.gibside.co.uk
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