ZoomClouds: John Redwood MP for Wokingham

... the better services. That does not mean they will vote for the higher taxes, or will be pleased when they have to pay them. It ignores the way the private sector allows you to have both “ better quality and lower prices, as manufacturers worldwide continue to offer better, faster and cheaper as a...

... em, and are too easily granted and payments awarded at the end of the year. The rows over MPs pay demonstrate the understandable anger of people in private sector jobs where bonuses vanish when performance declines, even if that happens through no fault of the employees and the company thanks to m...

... but to no avail. It was the same yesterday at another government/industry meeting in Parliament where all the lights were on on a sunny day. The private sector is cutting its fuel use because it has to cut its costs. When will Westminster and Whitehall learn? ry lax. I have asked how many pe...

... dy well into property collapses and Credit crunch. Whilst the UK is the worst placed of the majors thanks to heavy government indebtedness as well as private sector borrowing levels, they all need some relief from rising costs and falling demand. The EU could help. I offer this challenge ...

... to discredit this low figure on the Today programme by refusing to understand how it was arrived at and trying to sugest wrongly it includes all the private sector lobbyists and business people who have to waste their time responding. BBC Journalists should try reading the document and not have to ...

... showing no growth compared with the reasonable growth the Chancellor was forecasting. He now tells us to expect a bad downturn, worse than any of the private sector forecasters are expecting. This means more job losses, more increases in public spending to help people who lose their job, less tax ...

... ddie stretch even the long pockets of Uncle Sam.(See September 8th post).The decision on Lehmans in that sense is doubly good news. It will force the private sector to accept more of its own risks and not to expect a bail out in every case. It will also provide some much needed relief to the escala...

... oney - not give it - to institutions needing cash, and we need what money is spent to be spent on insuring the small savers and depositors where the private sector has not done this. Better still is to agree schemes which do give proper support to depositors within the private sector. In the UK we...

... n its own borrowing binge, through PFI, PPP and renationalisation as well as through conventional borrowing, at a time of big credit increases in the private sector and relatively good growth. 6. The Chancellor was wrong to give a lecture on moral hazard and telll us there would be no bail outs jus...

... have to end up with a near £50 billion mortgage portfolio on top of the huge Northern Rock one? Why is government better able to manage this than the private sector? Are there any limits to how much debt the government wants to own? On my figures the government has now taken on a massive £1500 billi...

... e the banks. If governments assume too many new risks by taking on the assets of the banks or buying them up, it merely shifts the problems from the private sector to the public sector. It does not solve it. The problem will then become how do governments pay all the bills? How can they finance the...

... lations about how big and how profitable banks will be in the future. I have seen one forecast that the US wll take around $1 trillion out of total private sector borrowing in this adjustment. Some of this will go through write off of debt that cannot be repaid, and some from repayments from solve...

... e shareholders of Lloyds and HBOS still have to make their decisions. In the meantime the aim should be to raise as much capital as possible from the private sector, with all concerned taking decisons and making statements with that in mind. lot. People owning businesses will find it more difficult...

... areholdings in banks, and may do this in other types of company in due course.(it has already bought a railway company) 2. Revenues will fall as the private sector makes less profit, carries out fewer transactions and earns less money. 3. Expenditures will increase as more people need unemployment...

... a large national audience and helps promotes the people who feature in its programmes. Many of these stars are still able to earn large sums from the private sector as well. Several constituents have money tied up in the Isle of Man subsidiary caught up in the Icelandic crisis. The gov...

... er the expenditure on the banks, mortgage companies and AIG. So what change do we need? We need a government which understands you cannot solve a private sector debt crisis by turning it into a public sector debt crisis. We need a government which ditches the Bush/Paulson plan. It is too expen...

... 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 rates to make borrowing dearer. The Bank of England starved the money markets of funds to prevent banks lending mo...

... buy cheaper products from the East. Now the Western authorities through higher interest rates and tougher banking regulation have called time on the private sector borrowing which sustained this. So now there has to be a very painful adjustment. Some of the adjustment will take place b...

... the world. They announce their remedy to the problem of too much western borrowing “ more borrowing, only this time by governments rather than by the private sector! No wonder most incumbent Western governments are being thrown out or will be thrown out by electors“ The Republicans in the ...

... corner are those who say the government should help the bank get back into healthy profit as quickly as possible, and then sell the shares on to the private sector, making a profit for taxpayers. They favour changing the terms of the current offer, to make it easier for RBS management to pay for th...

Interest rates are the price of borrowing money. When the private sector was borrowing too much, the Bank kept the price too low, encouraging many more people to pay too much for houses, and alowing businesses to pay too much for commodities and raw materials. Then they decided to e...

... have spent too much and borrowed to do so. Now the world™s markets are saying enough is enough. Living standards in both the public and private sector have to be brought down. The private sector has to sell more abroad and consume less at home. The government sector has to get closer t...

... ld take its course, but what the right hon. Gentleman said yesterday on his website is even more amazing: œLiving standards in both the public and private sector have to be brought down. That is the Conservative party™s answer to the problems that we face, not taking the necessary action. ...

... d forecasts. They foresee growth for 2008 at 0.75%, with falls in quarters 3 and 4, followed by a fall of 1% next year, and growth of 1.75% in 2010. Private sector forecasters are likely to see this as optimistic, with more fearing a continuation of the downturn beyond the second quarter of 2009. T...

... anies that cannot get the borrowings they need to see them over a difficult patch. Interest rates are the price of borrowing money. When the private sector was borrowing too much, the Bank kept the price too low, encouraging many more people to pay too much for houses, and allowing business...

... ation that had already created by low rates in 2005-6, and refused to see the damage they would do in 2008-9 with the high rates that would bring the private sector borrowing binge to a screaming halt. In the good times they ignored the asset bubble in property and private equity. Then as the bad t...

... om the commercial banks. 3. Cutting interest rates further, perhaps to around zero. 4. Revisiting the state guarantee package for private sector lending. This is a dangerous package. I would rule out three of those four proposals, leaving just the state guarantee issu...