Gdp Doom

[Mich the Tester]

Why do UK bonds yield 3.51-3.52%?
That is more than I pay on my mortgage in Denmark. Does that mean I am more worthy of credit than the UK?

Yes. I had the same conversation at last Clientco, a bank, who screened me for 'financial embarassment'. They asked me if I objected to them checking my credit rating and I replied 'no problem, it's probably better than yours'.

[DodgyAgent]

Certainly the public sector would not have grown so much (rightly so in my view) but any incoming Tory government will be faced with the problem of inheriting the massively bloated sector. Realistically they are unlikely to be able to shrink it much - but they will certainly stop it growing.

It's easy to say pensions etc would be healthier - because they wouldn't have kept dipping their fingers in. I am not convinced though. In 1992 a broadly similar plan was proposed by the Tories, however it was not implemented. I believe it resurfaced in 1997 before the Tories were voted out.

Certainly the tax credit system is bizarre in the extreme, and it's difficult to see the Tories doing anything similar. Hopefully they'll abolish it. A system which pays back your own money to 90% of households is clearly bonkers. IT costs a small fortune to administer. If they beleive that sort of tinkering is needed it would surely be far easier just to do it through tax allowances.

How can you people possibly say that things would have been no different under the Tories?? The last Tory government elected a powerful extremist to sort out the last mess. What is unfortunate is that there doesnt seem to be anyone capable of sorting out this mess anywhere.

As for Vince "f***ing" Cable, he is another one blessed with the gift of the gab (I should know ) who has done nothing other than get a qualification and cast analysis on "the bl**ding obvious".

The mess we are in is because a bunch of middle class hypocrites believed that by voting labour they would enjoy some self flagellating moral high ground that would make them feel good about themselves without it costing them anything.

[ThomasSoerensen]

Yes. I had the same conversation at last Clientco, a bank, who screened me for 'financial embarassment'. They asked me if I objected to them checking my credit rating and I replied 'no problem, it's probably better than yours'.

And who thinks that the UK bonds yields are going down after the new budget?

[Mich the Tester]

...a bunch of middle class hypocrites believed that by voting labour they would enjoy some self flagellating moral high ground that would make them feel good about themselves without it costing them anything.

WHS

[AtW]

At this rate I'll be coming to the UK for my summer holiday.

Make sure you got some euro coins change with you...

[AtW]

How can you people possibly say that things would have been no different under the Tories??

Tories now are not the same as before just like Labour ain't - all they would have cared is to remain in Govt and this would have lead to the same debt bubble.

One would think Tories would tax people less so they'd have more spare money - the problem with this thinking is that it would make debt bubble smaller (which is good), but it won't entirely prevent it.

Public sector would have been smaller, but it won't address the issue of economy driven by debt that destroyed its own industry under Tories and Labour.

[ThomasSoerensen]

A winning strategy would be to earn in EUR and have costs in GBP.

But some smart guys have already worked that out and are doing just that.

Can someone tell me how I can get a UK loan in GBP as a non resident?

I do not wish to put UK property as collateral.

[AtW]

Can someone tell me how I can get a UK loan in GBP as a non resident?

You should have tried that a few years ago when they were giving out loans to Jack, Harry and Smith...

[ASB]

How can you people possibly say that things would have been no different under the Tories?? The last Tory government elected a powerful extremist to sort out the last mess. What is unfortunate is that there doesnt seem to be anyone capable of sorting out this mess anywhere.

I didn't say it would be no different. I did say we'd probably still be in a mess. Albeit it a smaller one.

[DodgyAgent]

I didn't say it would be no different. I did say we'd probably still be in a mess. Albeit it a smaller one.

Fair enough