El Cid   212 #577 Posted April 12, 2013  Why give one section of the population....? Better give nothing to no one then we're all in the same boat!   It would be quite easy to give the poor money, the Government do it all the time. But they usually strive to make things fair. When Gordon Brown(?) gave a nest eg to all new borns, he gave an equall ammount to all, but it was still deemed as too expensive, he gave free laptops and broadband to the poor, again too expensive(and it didnt work). I am all for helping people, but throwing money at them is not always right. Share this post Link to post Share on other sites Share this content via...
harvey19 Â Â 541 #578 Posted April 12, 2013 So why didn't Labour stop this policy when they were in power afterwards ? and many others which they didn't agree with ? They just carried on regardless. Maybe because they all, councils/governments, want to be relieved of the responsibilities and expense that come with owning massive council housing estates. Share this post Link to post Share on other sites Share this content via...
I1L2T3   10 #579 Posted April 12, 2013 I’m arguing that the housing bubble wasn’t caused by the banks; its primary cause was (property speculators, (buy to let) greed.) a shortage of houses caused by a population explosion, lack of building and demolition of thousands of houses, and removing house price inflation from the inflation figures thereby preventing the bank of England from controlling them by increasing interest rates. None of these events were the fault of Margret Thatcher.  Housing bubble not caused by the banks? They didn't do it on their own but they are the most significant part of the story. They supplied the credit. Share this post Link to post Share on other sites Share this content via...
fishy_taste   10 #580 Posted April 12, 2013 It would be quite easy to give the poor money, the Government do it all the time. But they usually strive to make things fair. When Gordon Brown(?) gave a nest eg to all new borns, he gave an equall ammount to all, but it was still deemed as too expensive, he gave free laptops and broadband to the poor, again too expensive(and it didnt work). I am all for helping people, but throwing money at them is not always right.  And what about those who had had children before the policy was introduced? Why ignore those?  It's so easy to be negative, see?  The policy of right to buy was one, of many, but could only be targeted towards those who were in council houses (and had been so for a period of time). Are you suggesting it should have been widened to all homeowners or first time buyers?  OK, let's say that was unfair as it wasn't a policy that ALL benefitted from.  How about lowering income tax - oh, no, wait - that only benefitted those in work. Damn!  What about restructuring the NHS so that hospitals weren't forced to cancel ops due to lack of finance (poor financial management). Oh, wait, that only benefits the sick. Damn.  What about opening up the stock market to all. No, wait, that only benefits those with the money to buy shares and with the nerve to do so. Damn.  What about her involvement in the ending of the Cold War - no, wait, that didn't benefit the communists nor those in the arms industry nor the makers of nuclear weapons. Damn!  Ok, I agree, she never did nothing of any good for anyone in this country.  What a horrible person. (Sarcasm, in case it didn't come across). Share this post Link to post Share on other sites Share this content via...
Mecky   10 #581 Posted April 12, 2013 Housing bubble not caused by the banks? They didn't do it on their own but they are the most significant part of the story. They supplied the credit.  It was Thatcher who deregulated the UK banks in 1980 which lead to easy credit/mortgages in the 1980s and gazzumping and all that. The UK was up for grabs to the highest bidder. Share this post Link to post Share on other sites Share this content via...
MrSmith   10 #582 Posted April 12, 2013 (edited) Housing bubble not caused by the banks? They didn't do it on their own but they are the most significant part of the story. They supplied the credit.  The banks may have played a part but they didn't cause it neither did Thatcher or the banking deregulation.  There was a bubble in the 60’s and 70’s before bank deregulation, house prices rose faster in the 70’s than any time after. Do you also blame Thatcher for that. Edited April 12, 2013 by MrSmith Share this post Link to post Share on other sites Share this content via...
Jim Stark   10 #583 Posted April 12, 2013 They were not good things, as you claim and I told you why and asked for clarification of your points  Your wrong.  Yes, they were very good things.  How is it not a good thing to be given the opportunity to buy your home at a very cheap and affordable price?  As for Labour and New Labour, of course it was another very good thing. Get rid of all the loonies who couldn't see past their noses and replace them with the likes of Blair, how could that not be a good thing? Narrows the voters choice then to either Lib Dems, Conservative or New (Labour)Conservative Share this post Link to post Share on other sites Share this content via...
Lotusflower   10 #584 Posted April 12, 2013 Margaret Hilda Thatcher.  Obituary.  http://www.durhamminers.org/News/Margaret%20Thatcher.%20An%20Obituary.html Share this post Link to post Share on other sites Share this content via...
I1L2T3   10 #585 Posted April 12, 2013 The banks may have played a part but they didn't cause it neither did Thatcher or the banking deregulation.  There was a bubble in the 60’s and 70’s before bank deregulation, house prices rose faster in the early 70’s than any time after. Do you also blame Thatcher for that.  They didn't cause it on their own. I don't totally blame them. But they are a major factor in the bubble. They created and supplied the credit.  No I don't blame Thatcher for bubbles in the 60s and 70s. Share this post Link to post Share on other sites Share this content via...
MrSmith   10 #586 Posted April 12, 2013 They didn't cause it on their own. I don't totally blame them. But they are a major factor in the bubble. They created and supplied the credit. No I don't blame Thatcher for bubbles in the 60s and 70s.  So if housing bubbles can form without bank deregulation in the 60’s and 70’s and actually the one in the 80’s was before bank deregulation in 1986, why blame bank deregulation and specifically Thatcher for the bubble caused by labour policies in the 20’s. Share this post Link to post Share on other sites Share this content via...
I1L2T3   10 #587 Posted April 12, 2013 So if housing bubbles can form without bank deregulation in the 60’s and 70’s and actually the one in the 80’s was before bank deregulation in 1986, why blame bank deregulation and specifically Thatcher for the bubble caused by labour policies in the 20’s.  Yes I do blame deregulation, in part. It allowed banks to use excessive leverage to create credit. You rightly point to lack of supply forcing up prices but the credit to fuel the ever increasing prices was supplied by banks. Share this post Link to post Share on other sites Share this content via...
Vague_Boy   10 #588 Posted April 12, 2013 What will you remember Margaret Thatcher for?  I can't think of another politician so willing to be despised and thus willing to pursue unpopular policies.  The modern crop I think, secretly want to be loved. Yes, even Nick Clegg.  ---------- Post added 12-04-2013 at 13:26 ----------  From Wakefield in the north to Sheffield in the south of Yorkshire Thatcher and her coherts destroyed the Industries that had been built up over hundreds of years.  The [sheffield] steel industry now concentrates on more specialist steel-making and, despite appearances, currently produces more steel per year than at any other time in its history LINK  Kinnock says Scargill to blame over pit closures [The Independent, Monday 21 June 1993] Share this post Link to post Share on other sites Share this content via...