tag:blogger.com,1999:blog-2948538160252327076.post4545753905907316922..comments2023-11-02T15:48:50.381+00:00Comments on UK Bubble UK Economy: UK Mortgage approvals down over 60 percentAlice Cookhttp://www.blogger.com/profile/05753570123987780947noreply@blogger.comBlogger5125tag:blogger.com,1999:blog-2948538160252327076.post-22084357920060928032008-10-15T11:43:00.000+01:002008-10-15T11:43:00.000+01:00The problem here isn't so much that we need silly ...The problem here isn't so much that we need silly credit to grow so much that we lack sensible government which understands that its role is to be minimalist and as small as possible.<BR/><BR/>What we instead get is big government, which is a huge parasite on the British Economy, which since the end of World War 2 has never been all that much of a powerhouse. So, a government here should really be doing its absolute best to leech as little money from the economy as possible, and keep as many people in work as possible by making the dole payments for non-workers as stingy and miserly as it can get away with.<BR/><BR/>Instead what we get is Big Socialist Government, which drains an incredible amount of money from the economy, and needs moronic inflation measures to fund its money habit, temporarily at least.<BR/><BR/>So, we swing from spendthrift socialist to reforming Tory, and never get the chance to see what minimalist Libertarians could do, since they never get a look in.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2948538160252327076.post-15626670735975813512008-10-15T00:16:00.000+01:002008-10-15T00:16:00.000+01:00Thanks, A.Thanks, A.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2948538160252327076.post-24170028285456781332008-10-14T19:06:00.000+01:002008-10-14T19:06:00.000+01:00DeariemeIt is not remortgage activity, which now a...Dearieme<BR/><BR/>It is not remortgage activity, which now accounts for over 50 percent of all mortgage lending. It is new lending for home purchases.<BR/><BR/>AliceAlice Cookhttps://www.blogger.com/profile/05753570123987780947noreply@blogger.comtag:blogger.com,1999:blog-2948538160252327076.post-68252690562105924422008-10-14T18:51:00.000+01:002008-10-14T18:51:00.000+01:00Is that new mortgages to cover new purchases, or d...Is that new mortgages to cover new purchases, or does it include replacement mortgages?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2948538160252327076.post-71486191969988143222008-10-14T17:19:00.000+01:002008-10-14T17:19:00.000+01:00Debt to the UK economy is like air to the rest of ...Debt to the UK economy is like air to the rest of us. It needs it to survive.Anonymousnoreply@blogger.com