ZoomClouds: John Redwood MP for Wokingham

... home that you own “ it means you pay the highest rents of your life at the end of your life when you have least income. So what should the authorities do about the move from boom to bust in the mortgage market? They should not rush to regulate to dictate terms to mortgage companies., Sayi...

It is good news that the Bank of England is thinking about its role in modern markets, and that the US and UK authorities are to review how to handle banking liquidity and regulation in future. This agenda should include: 1. Have the Basel regulatory arrangements encouraged too much off balance...

... deserved to stories about the Government™s prowess in controlling the media. Obviously, the operational matters will be taken forward by the policing authorities. I am sure that the spirit of the whole House is summed up in the idea that we want to ensure not only security for the torch and a proper...

... news. Surely more people will be able to afford the mortgage if the mortgage rate comes down, than if it stays up or even goes higher? In the USA the authorities have grasped it. They are fighting the battle of the bulge of the sub prime. If too many sub prime mortgage holders give up on the mortgag...

... e first part of 2007, but in a year or so will have reduced. Most of you disagree strongly, believing the current inflation will persist, and if the authorities do too much by way of cutting rates and making money available will trigger a faster one. I see no evidence that inflation is passing from...

... ucifixion of Christ from Pilate. The sorry discovery of Christ in Gethsemane, the denial in the Temple and the endless trials by the Jewish and Roman authorities make grisly reading. Easter Sunday replaces all this sombre news with the joy of the knowledge that Christ is risen. The Sunday story tel...

... uckley Wood™. Mr Redwood therefore asks Mr Benn that DEFRA helps to move things along in these three areas, where stalemate between the responsible authorities so long after the floods is simply unacceptable. . All agree that the egg is a symbol of new life and hope. The Easter hare, who transp...

... nd then do what you will with the property inside. I welcome all positive moves to make mortgages and homes more affordable for all. In the USA the authorities do seem to have realised that pushing thousands of sub prime mortgagees into default is not a clever “ or pleasant “ thing to do. The cuts...

... hat you will with the property inside. I welcome all positive moves to make mortgages and homes more affordable for all. In the USA the authorities do seem to have realised that pushing thousands of sub prime mortgagees into default is not a clever “ or pleasant “ thing to do. The cuts...

... erstand a lot of non-VED payers are also committing other crimes, and that the car impounded may have been stolen. Surely, in such circumstances, the authorities should seek to return the car to its legal owner, rather than crush it? If the car belongs to a forgetful, legal owner on holiday or other...

... million people cannot fill the seats for the opening rounds of competition between elite performers who are established as the best in the world. The authorities are bussing in staff from the games to make it look better, but it does lead one to ask what has gone wrong if there are insufficient peop...

... tection from creditors whilst it seeks to sell assets to sort out its financial problems. Markets are falling on the news ,as on this occasion the US authorities have not offered to rescue it directly. I am not surprised they have declined to put up the money. There have to be limits on how much ...

... e dole queues today should provide more evidence to all those who think our problem is inflation that our problem is now the downturn. When are the authorities going to realise they need to do much more to limit the damage and to prepare for the eventual turnround? d to put up the money. There h...

... ning we learn from government sources that the PM has taken the action necssary to see us through the crisis. Did I miss something? I heard the US authorities announce large extra liquduity for markets, and heard them announce a buy up plan for unloved mortgages. The US Congress, which is allowe...

... tes set by European Central Banks. All this happened before we learned of the vote in Congress. The defeat of the Bush plan will force the US authorities to think up a better package. The next one should avoid the suggestion to American voters that Main Street is baling out Wall Street. The ...

... es the better. All these gurantees and special lending facilities have to be time limited, and there needs to be some more pressure on banks from the authorities to raise capital. The banks also need to establish a new level of prices and values for types of debt and property so they can start to tr...

... s fell 9%, partly because the German government offered a guarantee for all bank deposits then appeared to water it down. UK shares fell 8% where the authorities said they were thinking about what further measures to take. US shares fell a mere 3.5%, a further fall on the top of last week™s despite ...

At last the authorities have woken up to the scale of the problems in the money and banking markets. Any sensible person this morning wishes the government’s plan well and hopes it will succeed. Let me begin with some supportive points. It is good that more money will be...

... part in concerted action around the world to help with the banking crisis. I agreed with the need to take urgent action to cut rates, and am glad the authorities did it. I have long argued there can be no such thing as a truly independent Bank or Monetary Policy Committee in a democracy. Par...

... is needed for a bank to enter and stay in business. Because there is such an intense de-leveraging underway “ stemming from a wish by the authorities to cut overall lending and borrowing “ many now think banks should have more capital than the minimum required by the Regulator, and more ...

... llors have asked me what should they do now? I suggest the following: 1. Co-operate fully with the Treasury and FSA, who are pursuing the Icelandic authorities to get as much of the money back as quickly as possible. 2. Set up an internal Council enquiry to discover who made the decision to put t...

... lans and to less money for charities and good works. It is a correction which has got out of control and will do too much damage. The issue for the authorities is simply this. How big a crash do they want? The Central banks triggered all this, by first allowing an overexpansion of credit and debt,...

It would be helpful to have a positive statement from the authorities about banking capital. I assume all banks currently trading have enough capital. That after all is one of the main tasks of the Regulator, to ensure they do. It appears that recently the government has required banks to have mor...

My theme for many weeks has been simple - the authorities should fight deflation, not inflation. recession is the new enemy, just as inflaiton and excess credit was the enemy two years ago. Every word and aciton of government and regulators should be examined with this in view. So how are they doin...

... owning businesses will find it more difficult to make a good living in the year ahead, and the value of their business will fall. The issue for the authorities is simply this. How big a crash do they want? The Central banks triggered all this, by first allowing an overexpansion of credit and debt,...

Months ago I urged the authorities to override the Bank of England’s MPC and slash interest rates to head off recession. At last the cries are coming from all parts of the spectrum to do just that, months too late. I have also urged a sharp reduction in UK spending on bank shares and bank n...

... nment is planning to borrow more money to cut taxes. Apparently it now wishes to limit the depth and length of the downturn. Yet it was the authorities who brought about this downturn. The MPC late in the day called time on too much borrowing in the private sector by hoisting interest rate...

Tonight sterling hits $1.45 and Yen 138! Do the authorities in this country intend to demolish our currency, by being too gloomy and borrowing too much? Don’t they care at all? A modest devaluation to make our exports more competitive is one thing, but this sterling rout is now out of cont...

For months I have been saying interest rates need to come down to 2-3%. The authorities now seem to agree. For months I have also been saying our public deficit is too high and rising too fast, and needs to be controlled if we cut interest rates to stimulate the economy. Now the Treasury agrees...

... leaks to Robert Peston concerning the private talks between the banks, the government and the regulators over the adequacy of their capital, when the authorities perversely decided to increase their capital requirements in the midst of a serious lack of confidence. These leaks pushed down bank share...

... ul to those who blogged in to point out that the government wants to use the Banking Bill to stop us finding out how much inflation or deflation the authorities are putting into the system on a week by week basis . Apparently they are trying to stop the weekly publication of the figures. Well, the...

... n coming months ago and told their CEOs to cut costs to get ready for it. Good CEOs did so. Bad Boards looked firmly in the rear mirror, accepted the authorities view, and did not ask their CEOs to take evasive action. Bad CEOs failed to alert their Boards, and carried on spending as if there was no...

... banks are open for business and should expect decorum and support from their Central bank. So what was the nature of this crisis that the authorities suddenly decided they needed to tackle? There are 4 possibilities. 1. There was a run on the deposits, the disaster which brought Nort...