Taxi Driver Online

Tories Might As Well Close Their Conference

29th September 2008 at 19:35:37hrs

The Conservatives had a good day in Birmingham today, but it is eclipsed totally by the shocking scale of what is unfolding in Washington and New York.

The Dow Jones was in freefall in the minutes after the Paulson bail-out deal was voted down by the House of Representatives. The markets in London will open tomorrow morning against a backdrop of potential financial meltdown. We now have a proper run on the pound, making it the worst day for sterling in almost half a century.

George Osborne's speech hit the spot in the conference hall here, as it marked a new approach from the Tories - talking much tougher on the economy and subjects such as council tax (he promised a freeze). But it has been, understandably, obliterated by once in a generation events.

I repeat (please link to yesterday's post), parliament should be recalled. Britons deserve to hear from their leaders and we need an urgent discussion in public about how the British end of the crisis is to be handled.


Source; Telegraph.co.uk

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Kind regards,

Brummie Cabbie.

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Can't believe parliament hasn't been recalled.

Methinks Brown has something to hide.

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IDFIMH

And MEthinks it is also Brown....

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Former taxi driver

666

armageddon could be just around the corner


the anti-christ will rise amongst the financial institutions to wage economic war and bring down plague and pestilence


its all been forecast

the 3rd reich will be reborn


and elvis will make a comeback





thank you very much...huh uh

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Of all the things ive lost, i miss my mind the most

It's not according to my sat nav!

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Grandad,

see my post "routing"

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Of all the things ive lost, i miss my mind the most

point 1 financial experts have been forcasting this for 2 years why is everyone surprised

point 2 in other parts of the world such as the far east and some european countries like spain where their financial systems are more tightly regulated there IS NOT a problem

point 3 Brown and Bush have relied on spiralling debt to fuel the economies of the US and the UK there was aleays going to be a CRASH when the point was reached where people couldn't finance any more debt

Armageddon is not round the corner but full blown recession is for the first time in living memory there are several empty shops on our local high street and businesses are retrenching and cutting back left right and centre.

The tories wanted Britain to be a nation of home owners Labour wanted us to be a nation of property investors/speculators well there you go property prices are now yoyoing like any stock market and who is going to buy into a falling market house prices are predicted to fall to about 60% of the level they were at 1 year ago and until they do nobody is going to buy i.e. the engine that was driving the economy is switched off

people do have money to spend but are reluctant to do so as they are waiting for the bargains to appear only the supermarkets are doing well as people spend money on home entertainmaent rather than going out

here are some scary predictions I have come across lately

a third of all pubs will close in the next 5 years
a quarter of all high street shops will close
half of all neighbourhood/village shops will close
1 in 4 restaurants will close
1 in 4 travel agents will close
90% of British businesses will be foreign owned within 10 years
100% of British banks will be foreign owned within 10 years


no wonder record numbers of Brits are moving abroad !

the spanish own hsbc dont they?....santander group?

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Of all the things ive lost, i miss my mind the most

they own Abbey national and Alliance and leicester I thought HBOS was taken over by Lloyds TSB HSBC as fae as I am aware are Chinese owned

HSBC = Hong Kong and Shanghai Banking Corporation. I think.

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Grandad,

Most probably cos those folks also had shares in Northern Rock/B&B/A&L/HBOS.

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IDFIMH

You are having a laugh arn't you. I am in the process of buying an appartment in Spain. Just over a year ago when we started all you had to do was get a 20% deposit together and prove that you could pay the mortgage. Now that the appartment is finished I have got to find an extra 10,000 euros that can't be added to the mortgage for the taxes and "other" charges and now this week I have been told that the maximum mortgage is 70% so I have another 10,000 euros to find. The banks also now need to see a copy of your credit file (not needed a year ago) and the last 3 years accounts including the year to March 08 which my accountand doesn't normally do until December so I have had to get them in early. The 70% mortgage is on the purchase price or valuation whichever is the lower and prices are falling in Spain so I may still have yet another shortfall to find. So don't tell me there is no problem in Spain.

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Grandad,

1st recession in living memory??????????You can only be about 19 if that is the case. I am not yet 50 and i can remember at least 3. Anyway the UK can't go into recession for at least 6 months yet. Last quarter growth was 0.3% and this quarter it was 0.0% for the country to go into recession it will need 2 consecutive quarters to have -ve growth.

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Grandad,

You could always sell the limos and some of your spear plates
Are you quite sure that the apartment is not one of those ear marked to be demolished as soon as its built

Here we are in britain.....Skint, yet still they spend hundreds of billions on needless projects to Appease the EU, every EU directive needs funding but the truth is not every EU directive is needed. other waste of moneys are caused by the this governments dogged pursuit of cutting back Carbon emissions by placing ridiculous emissions targets on the likes of coal fired power stations to the point where we wont can produce enough electricty because the perfectly serviceable power stations will be shut down to appease the EU Carbon police. other things like making life for drivers more difficult is costing us billions also...needless wastes of money on things like trams in citys that don't even need them and where they are serviced adequately by Busses and taxis and private cars ( but it aint green enuff for a few whiners). by being tough on ridiculous immigatrion laws that allow any bugger in the world to come here and stay, and Finally the biggest waste of money is the the 1 person in 5 that are government emlpoyees (of whom only half seem to be needed and only a quarter of those actually do a full weeks work) who get bigger wages and pensions than the other 4 non government workers can afford to pay them in the first place.

With all the above mentioned issues and many more unmentioned issues is it any wonder the place is about Knackered. we really must go back to basics and only spend what we can afford to spend, be green only if its practical, be Politically correct only if doesnt come at a price, be health and safety concious within the realms of common sense and not be dictated to by the Mental H and S Zealots of the government.

If we Dont get back to Common sense Basics that Britain built it self on we are all going to sink and sink quickly. this country needs a real leader and sadly there is no one with the B*lls to stand up to so called Do Gooders from Within the EU or Britain, we must get the nation right before we worry about saving the planet as we are in a far bigger danger of dying through starvation through economic collapse than from the Planet suddenly suffocating or over heating.