New Lie's total incompetence!! - Contractor UK Bulletin Board

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EternalOptimist replied

16 April 2008, 11:55
I still get mad when I think about PFI, encouraging mothers to fob off their kids so they can work, taking an axe to the union, IR35
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Sockpuppet replied

16 April 2008, 11:17
http://news.bbc.co.uk/1/hi/business/7349218.stm
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Cyberman started a topic New Lie's total incompetence!!

16 April 2008, 11:16
New Lie's total incompetence!!

'http://news.bbc.co.uk/1/hi/business/7349218.stm'

'Depending on whose estimates you believe, that leaves a hole in the mortgage market of about £40bn a year. Withdrawing that amount of funding from the market, almost overnight, risks creating just the kind of freefall in property prices that "irrational" investors fear. '

...... and how much are HMG removing from the Northern Rock mortgage book and thus lowering liquidity in the market by? ...... 50 Billion pounds!!!
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