How to win an election?
Posted: Thu Jun 13, 2013 9:35 am
The question Diamond Dave and Ozzy Osborne have to find an answer to is:
How do you win an election when growth is flat, your "rebalancing of the economy" has failed completely with the gap between imports and exports as big as ever, long term unemployment rising, hundreds of thousands of public sector workers sacked, national debt spiralling out of control, deficit remaining unchanged, standards of living dropping at unprecedented levels due to the difference between wage rises and inflation rises, credit rating shot down by the ratings agencies etc. etc.?
You bribe the public!
RBS's Chairman Sir Philip Hampton said yesterday that Ozzy is determined the bank is in a state to be privatised at the end of 2014. This could be one of the reasons why Chief Executive Hester announced he was leaving the Bank. I suspect Ozzy is going for a Thatcher-like "Tell Sid" type sale of British Gas in which the public are allowed to make a few quid whilst his City chums make millions as a result of a fire sale of OUR bank, RBS.
Meanwhile, the public will be persuaded to get into even more debt than they were in at the time of the financial crash as Ozzy tries to recreate a housing price bubble with his Funding for Lending scheme which provides 20% of the finance interest free, required for new houses up to ?600K. From January taxpayers will underwrite 20% of the mortgage costs of old houses in the case of the buyer defaulting. It's only supposed to be a temporary measure, so once the government withdraws support Joe Mortgagee will be back in negative equity.
If successful in the election, back to another decade of austerity. Jeez!
How do you win an election when growth is flat, your "rebalancing of the economy" has failed completely with the gap between imports and exports as big as ever, long term unemployment rising, hundreds of thousands of public sector workers sacked, national debt spiralling out of control, deficit remaining unchanged, standards of living dropping at unprecedented levels due to the difference between wage rises and inflation rises, credit rating shot down by the ratings agencies etc. etc.?
You bribe the public!
RBS's Chairman Sir Philip Hampton said yesterday that Ozzy is determined the bank is in a state to be privatised at the end of 2014. This could be one of the reasons why Chief Executive Hester announced he was leaving the Bank. I suspect Ozzy is going for a Thatcher-like "Tell Sid" type sale of British Gas in which the public are allowed to make a few quid whilst his City chums make millions as a result of a fire sale of OUR bank, RBS.
Meanwhile, the public will be persuaded to get into even more debt than they were in at the time of the financial crash as Ozzy tries to recreate a housing price bubble with his Funding for Lending scheme which provides 20% of the finance interest free, required for new houses up to ?600K. From January taxpayers will underwrite 20% of the mortgage costs of old houses in the case of the buyer defaulting. It's only supposed to be a temporary measure, so once the government withdraws support Joe Mortgagee will be back in negative equity.
If successful in the election, back to another decade of austerity. Jeez!