Brown's spend, spend, spend during his Chancellor's days has brought us into the current economy we are facing today. His appeal at a Downing Street meeting for the lenders to pass on cuts appeared to fall on deaf ears with HBOS, which owns the Halifax, increasing its rate on some mortgages from 6.09 to 6.59 per cent. Borrowers taking out this type of deal will now pay 46 more a month. On a two-year tracker, the rate will increase from 1.49 points above base rate to 1.99 points, giving a current rate of 6.99 per cent.

Other lenders are expected to follow Halifaxs lead.

If the Government wants the banks to lower mortgage rates to home owners - why not just offer them through Northern Rock? Everyone would rush to the Rock to get the loans forcing banks to match the rates or lose the business? Or maybe the government would then run into bigger credit crunch?

www.netcastdaily.com/broadcast/fsn2008-1011-2.mp3

listen to above link.......its scary.

ok, it talks about usa corruption......but uk has lot of corruption too esp in last decade with this globalisation.

guy says it will take MINIMUM OF 40 YEARS TO IMPROVE.
he says it will be WORSE THAN 1929 DEPRESSION.........AND THAT WORLD WAR 2 WAS REQUIRED TO IMPROVE THAT.

WE NEED A MAJOR WAR RIGHT NOW!!!!

Think of 2 years ahead, if we have the corpse McCain and the "Headless Body" Paliol in "control" of America.

Alongside that, the novice "Cameron" and side kick "Osborne" as premier and Chancellor of England.

I think it would be time to move.






WHERE?


If your not depressed now, you soon will be!!!!

Time to start building that bunker.

Gordon Brown hoping to get to No 1 in the Charts to raise 50 billion !!

http://uk.youtube.com/watch?v=kQdNLFVdwfQ&feature=related

Saintserf - I recall it was Cameron that asked the PM, in Parliament, whether he would ensure the Bqnkers don;t receive Bonuses this year - so I don't think he's for "every possible bonus"(my words). As I understand it, correctly earned bonuses are good - it;s just that increased risk was rewarded with increased bonus, whereas the opposite should apply!

Is GB ruining the Country - (yes), IMHO, but slowly - the whole sorry state of "World Banking" is not his fault...but closer to home the failure of NRK, HBOS, B&B and several others are a direct result of his "light touch" policies which split responsibility 3-ways. At the time the BoE started setting interest-rates was quite clever, but no-one knew if it would work. It appeared to.
If you "dislike" GB running things, that's OK - but who else? We are seriously short of someone with that "gravitas", apart from Brown - the others are variations on Darling/Cameron/etc. fairly weak against Brown. If he can change International co-operation ( and he might!), then it our best hope to leave as a legacy.
Whether the policiy "today" is right, time will tell. Some wonder if Banks shouldn't be allowed to fail, or increase their interest-rates to the point no-one wants them.
- If we had a National "Post-Office" that could still provide cash and savings in every town/village, but in an attempt to be "...?..." we have closed them, ruining small village communities.
. . . . . . Yet GB is able to find Funds beyond our wildest dreams . . . .

Yet GB is able to find Funds beyond our wildest dreams . . . .

Yes, and you know who is going to stump up for it.
Brown may fancy himself as an accountant, but who wants to be governed by one? About as much charisma as a stale sandwich.
And don't forget how he managed to find the bottom of the market to sell the country's gold reserves.
I have noticed the work going on at no.10. I wonder if he is selling the furniture from there as well....

Isn't GB moving out of no 10?

Oh, I agree. The banks and capitalism should not have been bailed out. They should have allowed the money lenders to collapse. Who needs the "lending market" anyway.

We need market forces to give us 20 years of stagnation.

Makes a leaner more efficient economy.

Good for the public good. Teach them a lesson!

Mind, I think GB should have bought up the bad debts of the banks or given a cash gift , they should be subsidised!

Scrap education, health services, social services and police etc. there are some who don't need them.

Again I think it is a socialist plot to run down the economy.

Cash may be king at the moment with talk of inflation falling but, this level of debt will be eroded by busy printing presses & therefore the real value of cash will decline. Inflation will then be back with a vengence. Brown is a slow creeping cancer as far as our economy is concerned and this bail out will imho prove to assist a period of remission which GB needs prior to 2010 election. However, average Joe Bloggs will feel the pain in 2009 and it will not feel like remission for him. Don't know how GB sleeps at nights.

Hey, our Gordon is smart or plain dumb...???


Gordon Brown has insisted the Government would still go ahead with plans to spend its way out of the looming recession, despite a massive rise in public sector debt.

Official figures showed net borrowing hitting a record 37.6 billion between April and September - higher than the whole of the previous year.

The sharp increase left Chancellor Alistair Darling's forecasts of 43 billion of borrowing this year in tatters and led to warnings that debt could balloon to 120 billion in three years.

i read somewhere it could be 180 billion debt by 2011.

Anyway, big tax increases in years to come........maybe thats the plan if conservatives win election as people will think they r bad guys when they have to increase taxes.

also deflation next year which is 1st year since 1960.

also read that ally darling was part of international marxist group in 1983 and wanted to nationalise banks as 1st main step to communism.....................err, whats happened in last few weeks

Brown and the Tories are just puppets of the International Bankers and the Central Bank Cartel, changing the prime Minister wont make no difference, both parties serve the same master,as US Senator Ron Paul has stated many times: " The Federal Reserve is so secretive, i can get more information about the CIA than i can from the fed, the fed is not reportable to any senator nor Congress."

" If the american people, ever let a private bank (central bank) control and issue the nations currency, the banks and corporations that will grow around them, first by inflation, then by deflation, will confiscate all property, so our children will wake up homeless on the continent their fathers conquered." - President Thomas Jefferson, One of the founding fathers of the US constitution.

Sadly his prophesy has come to pass RIP! - when all possible bad news has passed,fillya boots lads!

Gordon Brown's bank bail-out plan could drive the true level of Government debt to nearly 100,000 for every household, it has been claimed.
The state is set to owe a total of 2,354 billion
So much to the end of boom and bust.
As for "Dr No" Ron Paul, he is a crank.
Don't blame the central banks, blame the politicians with their short term policies to stay in power.

he's a sub-prime minister

Borrow as much as possible to buy them time and then leave the Tories to sort out the mess and take all the abuse/blame while they are doing it! I well remember the first 2 years of Thatcher's gov. when taxes, interest rates and vat all went up to repair the last labour mess!!

Sounds like some of the posters on this thread are pen names for Cameron and Osborne. Inane criticism without solutions. Inability to face up to the reality of the economic problems of the moment and look back at what has been achieved over the last 10years.

Think back to the Tory spend of the Country's Silver and the lousy infrastructure which was residue of the Tory mismanagement.


The present tory leaders are not even capable Piggy bank economics.

" look back at what has been achieved over the last 10years"

not something I would be asking the populace to do if I was a Labour supporter with a byelection coming!!!!!!!!!

Mad, are you still using tinted or opaque glasses.


Try looking at the NHS and School facilities.

There are still weaknesses in the systems and mistakes have been made, but the improvements are collosal.

lol, the waste is immense plus immpigration disaster, pensions robbed, crime failure with all the stabbings and shootings and no police around, education failure as country full of thickos.....do i need to go on.....oh yeah and all the corruption from blair, mandelson, geoffrey robinson, tessa jowell etc etc

Fred , I have no axe to grind on behalf of the Conservative Party - any comments I make here are my own personal experience. Look at shifty Osborne this morning over the Russki affair

10 years ago we had a Bobby on the beat here and no hooligans. Now we have no Bobby and my neighbourhood is rife with drunken hooligans and boy racers.
10 years ago I could get an appointment with my GP within 3 days now most times its 3 weeks
Last year I was supposed to go into my local large hospital for an operation - every ward had cases of MRSA and my op was cancelled and still not been done.

can another party do any better , I do not know

A lot of your comments are true geordiebut let us not forget the Major Government is on record as being the worst in living memoryand if you want to mention corruption there is only one winner there!.Majors men and women! The next Tory PMCameron.is sixpence short of a shillingnot a great future I fear!.trust me Im not on Browns sidejust a little more realistic.