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John Redwood MP for Wokingham

These are the most recent articles mentioning "taxpayers" A layman’s guide to the latest mortgage offer from the government Posted 04/21/08, 06:33 ... discount on the mortgages “ in other words it will accept the mortgages for say 93 pence for every pound of mortgage. This discount will give us, the taxpayers, some protection against mortgages within the packages of loans that go wrong and are not repaid, and against failure to pay the interest on... Open Europe understates the true numbers involved in EU legislation. Posted 08/11/08, 06:15 ... king. The facts are that 175,000 people are wholly or partially empoyed on EU bodies involved in developing and enforcing EU rules. We pay as taxpayers for their salaries and expenses. To give the full picture of the costs of this huge bureaucracy we should add to that a) The costs... We are paying three times over for some bits of government Posted 09/15/08, 06:09 ... t. There has been a surge in these early retirement grants. As most of the pensions are unfunded or underfunded, there is an immediate extra drain on taxpayers. No wonder we have such a large deficit. picture of the costs of this huge bureaucracy we should add to that a) The costs... Another day, another bank in trouble - Lehman Posted 09/15/08, 05:52 ... 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 escalation of risk for taxpayers. At the same time the US authorities are all too well aware of the possibility that the Lehman collapse could place strains on other fina... Another UK mortgage bank in trouble? Posted 09/27/08, 09:46 ... which is made in Britain. Talk on the BBC suggests some people are seriously considering another nationalisation. Please give us a break. Taxpayers cannot afford the last bank they bought for us, and we certainly don’t want to go collecting them. Under EU rules any newly nationalis... There’s another fine mess- Congress rejects the package Posted 09/29/08, 18:08 ... the Bush package. It was always a long shot. The President thought he could buy confidence in the banks with a bumper injection of $750 billion from taxpayers, without understanding the politics of it, let alone the economics. He then spent the next week inadvertently undermining confidence in the ... What did Bradford & Bingley do to deserve nationalisation? Posted 10/06/08, 08:44 ... ow much debt the government wants to own? On my figures the government has now taken on a massive £1500 billion of debts and unfunded liabilities for taxpayers. Is there no limit? How do they plan to pay all this back? Whilst they claim to have protected the taxpayers with the Bradford mortgages, un... What did Bradford & Bingley do to deserve nationalisation? Posted 10/06/08, 08:44 ... ow much debt the government wants to own? On my figures the government has now taken on a massive £1500 billion of debts and unfunded liabilities for taxpayers. Is there no limit? How do they plan to pay all this back? Whilst they claim to have protected the taxpayers with the Bradford mortgages, un... Save the taxpayer! Posted 10/06/08, 06:13 There is no case whatsoever to nationalise more banks, let alone for taxpayers to be made to take equity stakes in all the banks. There is a new kind of madness stalking the political world, as the governments lurch from one inappropriate response to another in response to a fast moving ba... Save the taxpayer! Posted 10/06/08, 06:13 There is no case whatsoever to nationalise more banks, let alone for taxpayers to be made to take equity stakes in all the banks. There is a new kind of madness stalking the political world, as the governments lurch from one inappropriate response to another in response to a fast moving ba... Germany guarantees all deposits Posted 10/05/08, 19:22 ... a way to get the banks back into sensible shape without government underwriting or nationalising them. The banks together are too large for even the taxpayers and governments to take them on. The sooner they get on with the task of recapitalising themselves the better. All these gurantees and spec... The loss of public money in Iceland Posted 10/11/08, 06:27 ... y the Treasury in the way smaller depositors are protected, and place the money in short term government bonds. This would cut the return for Council taxpayers, and be damaging to the banking system as a whole. There needs to be a better way, agreed between central and local government urgently. &... The loss of public money in Iceland Posted 10/11/08, 06:27 ... y the Treasury in the way smaller depositors are protected, and place the money in short term government bonds. This would cut the return for Council taxpayers, and be damaging to the banking system as a whole. There needs to be a better way, agreed between central and local government urgently. &... How much capital do the banks need? Posted 10/16/08, 06:10 ... gulator, to ensure they do. It appears that recently the government has required banks to have more capital, leading to the discussions over whether taxpayers should put up some of this. It would be helpful to be told by how much the government has decided to lift the capital requirement at this ju... You couldn’t make it up Posted 10/16/08, 12:47 Two news items today - The Audit Commission (public body dedicated to getting value for money for taxpayers) placed £10 million in a couple of Icelandic banks and tells us this accorded with its investment guidelines. Wouldn’t an apology and a mea culpa have been more in order? We learn t... Another week-end - two more European banks in the news Posted 10/20/08, 06:54 ... celandic bank,and on October 17th in a press release, we were told that ING was in a strong financial position. Now we are told it will have extra taxpayers capital. The governments and Regulators have raised the bar over how much capital a bank should have, and are now having to pay up to meet t... Bank nationalisation Posted 11/01/08, 08:42 ... hree accepted. The government meanwhile was busy nationalising the assets of Bradford and Bingley, but never told the media directly that that meant taxpayers borrowing £18 billion to send to Santander to take on the deposits. Taxpayers will rue the days that the government was so libera... Worrying figures for taxpayers Posted 11/04/08, 11:29 TAXPAYERS BANKS GROSS LIABILITIES (Balance sheet size) 100% owned Northern Rock £99 billion Bradford and Bingley £52 billion Likely Majority owned RBS £2000 billion Possible Substantial minorit... When will the banks work again? Posted 11/07/08, 08:33 ... uthorities put it into the banks who lend it back to the governments. They need to keep on putting in as much as it takes, whilst always securing the taxpayers interest by lending relatively short against full security. I did not support either the Paulson or the Brown plan for recapit... The secret £18 billion of taxpayer borrowing Posted 11/12/08, 10:11 The story about Banco Santander and the UK™s taxpayers £18 billion still has not made it into the press. It just shows you the power of Labour spin, and the cleverness of their media manipulation. The story is there on the Treasury website, hidden but clear to anyone who wants to read it. ... Wokingham Times Posted 11/19/08, 08:27 Last week I tried again to get the message through to the government that taxpayers cannot afford their bank share buying package. If they still doubt me, they should just look at what the international financial community thinks of this government™s economic policy. Since the summer the pound has... Tax cuts and borrowing - does it make sense? Posted 11/20/08, 07:10 ... the new idiocy in Labour™s view of the economic debate. To them an unfunded tax cut “ a tax cut which means the state has to borrow more on behalf of taxpayers to carry on with its high spending “ is the only type of tax cut which makes sense as they try to stop recession turning into depression. Th... Tax cuts and borrowing - does it make sense? Posted 11/20/08, 07:10 ... the new idiocy in Labour™s view of the economic debate. To them an unfunded tax cut “ a tax cut which means the state has to borrow more on behalf of taxpayers to carry on with its high spending “ is the only type of tax cut which makes sense as they try to stop recession turning into depression. Th... How much more do they want to lose on bank shares? Posted 11/22/08, 06:52 This week has been a bad one for the government as investor in bank shares. If they go ahead with their purchases of HBOS and RBS, taxpayers will be sitting on an immediate loss in excess of £8 billion. At a time when money is scarce and people are overtaxed, is this a good idea? Why not support ... $800 billion more - why not? Posted 11/26/08, 09:21 When Us taxpayers are committing $6 trillion already already to banks and the mortgage sector, another $800 billion is almost petty cash. This crisis has changed attitudes towards sums of money and borrowing levels so fundamentally. Unfortunately, there does have to be a day of reckoning. Borr... Today’s UK budget debate Posted 11/26/08, 09:15 ... huge tax rises after the election. Meanwhile they have spurned more modest but more helpful Conservative proposals to assist small business, Council taxpayers and home buyers as they lose out in the downturn. Labour™s temporary VAT cut, far from being a comfort blanket in a crisis, will prove to be... Speed up Post Office management, Lord Mandelson Posted 12/14/08, 14:12 We are told a big review of the Post Office awaits Lord Mandelson. The Unions are afraid it means faster rounds and more job cuts. Taxpayers are afraid it means more subsidies and underwriting the huge losses in the Pension Fund. What it reflects is the poor management of the company in rec... The Post office Pension fund - why not another £7 billion of taxpayer obligation? Posted 12/16/08, 07:28 ... . For those of us who still think governments too have t to control what they borrow, spend and guarantee, it is yet another large sum that taxpayers, sometime, are going to have to pay for. Pensions have become shrouded in jargon and regulatory complexity. Actuaries and experts exchange c... Another package “to save the world”? Posted 6 days ago, 08:27 ... commercial company collapses. We are told there are 4 possible options being considered: 1. More money being invested in bank shares by taxpayers. 2. Establishing a state owned œbad bank� to buy up and work through some of the poor loans from the commercial banks. 3. Cuttin... << back