More taxes are the problem.

Nick

1 – Sellers not Buyers should meet the costs of stamp duty. The cost of which can simply be added to the sale price and will automatically either fall to borrowing or be offset by a discounted price. It is an anathema to place a TAX on people who are trying to buy a home. It is not so with a person choosing to sell.

2 – Stamp duty should be raised to 5% across the board so as to remove complicated bureaucracy and gain further revenue.

3 – Builders, would pay stamp duty on sales of homes not the buyer and this would reflect in offset in their accounts.

4 – First Time buyers could be promoted with the re-introduction of MIRAS. Thus enabling discounted tax and a direct influence into the market to offset higher lending rates.

5 – Regulation of the advice process of the mortgage industry should be placed outside the auspices of FSA regulation and into the hands of the body it was taken from – MCCB. Thus, enabling an easier, less complicated, less bureaucratic way of conducting 'business', with a responsible approach which is sufficient and not over bearing for the industry, the seller, the buyer and the remortgager 'to actually do business'.

These simple tasks are easily achieved and will set the ball rolling to restart the economy.

As for fiscal controls I agree with David Cameron and George Osborne. A separate panel should be made to control it instead of some numpty at Whitehall who spends money like it's going out of fashion.

The Maastricht Treaty needs to be either dumped or re-written too, same as the Milton Friedman monetary system which is without social conscience and a great danger to economics and to the political decision which are forced to drive for growth as a result of it.

Financial markets should regulated by the Bank of England and the FSA should either be held responsible to the Bank of England, or it should be scrapped and a new body should regulate financial markets like it used to under the Personal Investment Authority.

Government meanwhile should concern itself with delivering jobs and helping to restore manufacturing and trade.

I suggest a new "Department for Trade" is geared up within the DTI to actually enable it to focus on trade, jobs, industry, and all that goes with it in terms of employment rights and wages. So too, a new enterprise scheme with the ability to grant business an array of preferential starter loans to businesses to enable good ideas to flourish in our economy rather than perish under the present system which is at the behest of banks which have squandered their own capital resources.

We should also get out of the European Union and re-join EFTA.

This is also hy Bank runs must be stopped, otherwise people wil realise their money no longer exists, its been lent out and the Bank has lent out TEN TIMES more money than it ever had.

This is the root cause of our Problem, Money is part of the trading system, if one part of the BArtering process is fraudulent then the whole thing will sooner or later collapse, which is exactly what is happening.
Irrespective of the spin and outright lies told to us by govt and their GLobal banking Elite Paymsters, Money should have value.
Our Banking system is a fraud, they are lending out what they do not have, they deliberately lower interest rates, ensnare borrowers then raise them again to trawl in the assets of those who have been ensnared.
The Banks then convert these assets to cash and ultimately to Gold (they are not going to fill their personal vaults up with worthless paper are they.

Houses over valued – prices falling.
First time buyers can't get on the property ladder – see above.
Lending rules too lax, now being tightened.
We are using too much expensive energy – rising prices take care of that.
MPC concentrates on primary aim – getting inflation down to 2.5%.

The only useful thing they can do is cut public expenditure to finance tax cuts and benefits increases for the bottom 20% of the people.

They won't of course, it will all be loft insulation, school for 2-year olds and broadband connections for people who can't afford a computer!!!

Thanks! (

So! This bail out!
Is it going to be the package they hope it will be?
Of course not!
If those in Congress can all agree on a package that doesn’t have too many “add on’s” & kill it off, then it will probably be the mechanics of implementing such a package that will cause so much trouble it (the plans!) becomes unworkable.

Let’s say the package helps (if they could get it to work), it can only help the companies that don’t have too many debts & so can make plans for the future without having to borrow money at a high premium?
I wonder how many companies that need to borrow to survive will be around this time next year?

The public in America seem to be slowly realizing that this big amount of cash Congress are paying out on their behalf isn’t really going to help them pay their mortgage any time soon.
The best tax paying American’s can hope for is a good deal when Congress buys those bad debts!!!!!!!!!!!!!!!!!!!!!!!!!!

I believe the cost of the mortgages in trouble is around two trillion, if that figure is to be believed then the bail out is falling short to start with anyhow!
Some experts are saying that the true cost of this crunch to just Americas economy is going to be around fifteen trillion dollars!!
Now, that’s a lot of work putting that kind of cash back in your system.

One thing I believe will help is when big foreign companies start to put big amounts of money into certain companies to show their confidence with them, now this will just probably be a gesture of good will, as much as helping themselves in the long run! But hey, beggars cant be & all that!
But! What will be the downfall of that? Britain gets owned! Well!!

What about if more of our banks become “unsound”!
What about if the newly formed super bank realize’s it’s in trouble, then what?
Will we be happy to see more foreign banks on our high streets offering loans?

So! What should Britain do?
I dunno!
Stop Brown giving our money away over seas when we need it over here would be a start! That’s just a particular hate of mine among many!
Lower the population & become a more self sufficient country by growing our own crops & making our own “stuff” again.
Pull together as a country! As a unit! Help each other like we have never before!
Just a guess!

There are lots of things Britain could do! But as for doing the right things!!
I dont think Labour knows how!