- Joined
- Mar 25, 2012
- Location
- IOM
I agree this is not about fighting inflation, but I think it is partly about protecting the banks, the money they lent out for mortgages had more buying power than the money being repaid, it is hard on the folk with big mortgages but will also 'correct' to some degree the inflated cost of housing moving forward. Swings and roundabouts long term.
Agree re the water firms, they're taking the piss [literally] and with them being foreign owned [french in the main?] I don't see why we need to be so obliging, afaik firms in france have more restrictions on what they can do in terms of pushing up prices and sacking employees etc..they're getting an easy ride here in old blighty.
On your other post regarding the highest cost housing in the western world, I think you need to [finally] accept reality in terms of one of the negative effects of large amounts of immigration.
Nearly everything that Thatcher (and later Tory governments) flogged off has ended up in foreign hands. You can say what you want about the old UK nationalised industries (and for sure, they had their problems), but at least they were British owned! It would have been far better to reform them whilst keeping them as UK assets for the benefit of the British population, but instead they've ended up being owned abroad. So you end up with the remarkable situation whereby UK energy customers pay massive bills to the French owners who then use that money to reduce bills for French people in France!
As for housing costs, the problem is we haven't built enough new housing, not immigration. We need immigration, the UK's indigenous population is getting old and not having enough babies, you can't run a society with a load of pensioners. (We have exactly the same problem on the IOM, but the government here is openly committed to increasing the population from 84,000 to 100,000 over the next fifteen years.)