I don't think that's true. All these idiotic levies certainly don't help, and should of course be scrapped tomorrow, but the real issue for building houses is the planning process - the appalling sho… (View Post)

Basically the government causes a problem with its own laziness and incompetence, then undertakes disastrous measures meant to manage it, but which fail and cause lots of other problems in the proces… (View Post)

By the way, here is some more on the IMF for those that think that it will bail us out. For an IMF programme to have any effect at all, it would have to be a decent size, say 10% of our GDP, or about… (View Post)

FPT That only works if the government can argue that bringing in the IMF was essential because they need a huge foreign currency loan, which as I have argued they can't. It just about worked in the m… (View Post)

No, because: a) all our government debt is in our own currency, so a big foreign currency loan wouldn't help us b) unlike Greece or Ireland, we print our own currency - if we want more, we can get it… (View Post)