The 2015 Popularity Contest (aka UK General Election )

[daylightrobber]

Regulation of the FSI? I don't follow.

What about the stupidity and lack of education bit?

 

[Seanjd]

What about the stupidity and lack of education bit?

Nor that, but it's not the first time that guy has made personal remarks.

 

[piddlywiddly]

Regulation of the FSI? I don't follow.

Lack of regulation in the financial services industry was down to............government, who at the time were, Labour.

 

[piddlywiddly]

Nor that, but it's not the first time that guy has made personal remarks.

Personal remarks? Please explain? Personal to whom and why?

 

[Blue 1]

Lack of regulation in the financial services industry was down to............government, who at the time were, Labour.

It was down to successive governments since about the 1970's.

 

[piddlywiddly]

It was down to successive governments since about the 1970's.

Agreed, but - http://citywire.co.uk/money/i-was-wrong-to-let-the-banks-off-the-leash-gordon-brown-admits/a393730

 

[piddlywiddly]

I really hope that these idiots are forced into telling everyone their actual economic plans. First the Conservatives and now Labour.

http://www.thetimes.co.uk/tto/news/...esNewsdesk_20150413_167452737&linkId=13503726

 

[daylightrobber]

In 2007 the Conservative Party produced a report – endorsed by Cameron – called ‘Freeing Britain to Compete‘. It recommended that a vast range of regulations on the financial services industry should either be abolished or watered down, including money-laundering restrictions affecting banks and building societies. The report also saw “no need to continue to regulate mortgage provision“, saying it is the lender, not the client, who takes the risk.

Here are a few gems – direct quotes – taken from the report

The (Labour) government claims that this regulation is all necessary. They seem to believe that without it banks could steal our money ……………

We need to make it more difficult for ministers to regulate, and we need to give the critics of regulation more opportunity to make their case against specific new proposals………

We recommend deregulating venture capital fund raising, and investment for professional investors………

A Conservative government should relax banking regulation, allowing a new breed of venture/micro-credit institutions…………….

Competition is the customers’ main ally. It is competition which keeps the bank honest ……………………

We see no need to continue to regulate the provision of mortgage finance, as it is the lending institutions rather than the client taking the risk………..

Our aim is to liberate the economy from the burden of unnecessary regulations……………

Before imposing traditional ‘heavy’ regulation, government should always consider whether the ends could be achieved by less burdensome means, such as through competition, incentive schemes, or self-regulation…….

The regulatory burden should be measured and reduced year on year…………

Greater use should be made of “codes of practice” rather than direct regulation………..

From its first days in office, a Conservative government should challenge the public and press assumptions that encourage excessive regulation, and explain the likely effects of and reasons for its regulatory reforms………

 

[daylightrobber]

I really hope that these idiots are forced into telling everyone their actual economic plans. First the Conservatives and now Labour.

http://www.thetimes.co.uk/tto/news/...esNewsdesk_20150413_167452737&linkId=13503726

Can you copy and paste for a none subscriber?

 

[Blue 1]

It was also down to the venal [Poor language removed] banks taking the piss and selling what they knew were junk products.

 

[Bruce Wayne]

Not a huge stretch, is it, in fairness?

I could imagine them bungling but I don't think they're corrupt. It just seems odd that many of the folks that oppose TTIP, are also strongly in favour of us remaining in the EU (despite them apparently being both inept and corrupt). I'm no fan of the EU, nor centralising power generally, but some of the accusations against them on TTIP is proper tin foil hat stuff.

 

[chewee]

Latest ICM poll has tories SIX POINTS up. Ashcroft key marginals out at 4pm, a similar trend could really knock the wind out Labours sail.

 

[summerisle]

Ed Miliband coming to the Wirral for a 'question time' type of do. If you desperately want to go :
http://www.labournorthwest.org.uk/ed_miliband_pqt

 

[roydo]

Liam Fox walked up my lane yesterday. Didnt say hello to me, but did wave.

Will see him again in 5 years.

The End

 

[chewee]

Ashcroft has it level pegging 33% each.