Financial institutions that granted unrealistic mortgages at the height of a market they inflated themselves should be taking the hit here. Mortgages that default as interest rates rise need to be put under the control of local authorities, who will rent to a home\’s former owners at rates reflecting the fact that they have acquired a long-term asset (or part of one, under shared ownership).
Repossessions become council property?
Well, doesn\’t that just bankrupt the entire banking system overnight.
And I do mean overnight, as they\’ve now no security against their entire mortgage book. Oh, and mortgage interest rates overnight become 19%: unsecured lending you see.
This plan might need just a tad of adjustment perhaps?
Silly George, along with his silly political party, believed that the public sector was \”squeezing out\” the private sector. He is a dolt. Mostly, services are provided by the public sector, precisely because there is no money in them.
Sorry, did hubby leave some of his old heroin lying around or something? Education is a service which some provide for profit: health care is a service which some provide for profit.
For a start, offshore companies need to pay a yearly levy, based on how many people they employ, in a direct contribution to the costs of educating people to the level that is amenable to these employers (whether they are employed here or abroad).
Err, yes, I think so. The education of the people is now the property of the State: thus you should pay the State for using the education of the people. Umm, folks, this is helotry, slavery to the State. And, err, a tax on jobs: way to reduce unemployment there, eh?
No, I think that putting down that crack pipe would be a really good idea.