Monthly Archives: April 2008

John Redwood Presses Ministers on Mortgages

John Redwood was among those MPs scrutinising the Bank of England’s attempt to improve liquidity in the financial markets and its likely impact on mortgage borrowers when the Chancellor made his statement to the House yesterday. The exchange, taken from Hansard, follows. Mr. John Redwood (Wokingham) (Con): How much extra cash do banks in the [...]

Posted in Press Releases | Leave a comment

The Prime Minister wants to tackle world hunger

I am pleased the Prime Minister has commented on the surge in food prices, and the impact this is having in the poorest parts of the world. He is right to ask whether diverting food to fuel is a good idea in such circumstances. Why doesn’t he go further, and tell the EU it should [...]

Posted in Blog | 16 Comments

Split up the BAA

I want a better service when I go to an airport. London airports lack capacity and provide a poor service to the travelling public all too often. They are not assisted by government refusal to put enough border control staff onto the task, and by some of the regulations that contribute to the bad experience [...]

Posted in Blog | 4 Comments

Let’s have some green sanity

I am a green. I do not want them to build over too many greenfields and green gaps between settlements in England. I like to be able to breathe clean air,swim in a clean sea, and gaze into clear water in streams and rivers. I understand the need to curb our appetite for burning too [...]

Posted in Blog | 10 Comments

Freedom Today

I come to praise the sub prime mortgage. It has had such a bad press in the last eight months. Sub prime is now used as an excuse to explain why banks fail, shares go down and why fear stalks the markets. All the wise acres and most of the commentators now know the world [...]

Posted in Articles | 1 Comment

A layman’s guide to the latest mortgage offer from the government

Today we will hear a statement from the Chancellor announcing a much heralded statement offering up to £50 billion of near cash to the banks in return for some of their mortgages. How is this done? The government itself will borrow the money, by issuing bonds – IOUs – on the taxpayer.It will lend this [...]

Posted in Blog, Northern Rock | 15 Comments

James Cook reminds us of the common feeling of the English speaking peoples.

Between the 19th and 28th April 1770, 238 years ago, Lieutenant James Cook was sailing off the Australian coast near Botany Bay. As Master of the barque Endeavour, he was sent by the Admiralty to chart the southern seas and discover what land lay there. He made his first landfall at what he named Botany [...]

Posted in Blog, History | 4 Comments

Mr Miliband gets it wrong – and is locked in

Mr Miliband today has allowed himself to be used. He has argued a contradiction. He both tells Labour to start seeing things the way electors do, and told Labour MPs to knuckle down and support the abolition of the 10p band. They cannot do both successfully! Electors are fed up with paying so much tax [...]

Posted in Blog | 11 Comments

If they can manage £50 billion now, why not before the run on the Rock?

THE £50 BILLION PACKAGE FOR THE BANKS WOULD HAVE SAVED NORTHERN ROCK IF INTRODUCED LAST AUTUMN. If the government and Bank of England can make £50 billion available to the banks today to get the mortgage market going again, why couldn’t they have done that last September to prevent the Northern Rock crisis? This latest [...]

Posted in Blog, Northern Rock | 14 Comments

The PM is annoyed with the media – he should try sorting out the problems

It beggars belief that an intelligent man should lash out against the media for daring to run the story that many people are against the abolition of the 10p tax band. Why on earth in a free society should the media ignore such a story? It makes Gordon Brown, like his post Thatcher predecessors, appear [...]

Posted in Blog | 4 Comments
  • About John Redwood

    John Redwood has been the Member of Parliament for Wokingham since 1987. First attending Kent College, Canterbury, he graduated from Magdalen College, and has a DPhil from All Souls, Oxford. A businessman by background, he has been a director of NM Rothschild merchant bank and chairman of a quoted industrial PLC.
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