Comments on: Send your questions to Alistair Darling http://blogs.reuters.com/great-debate-uk/2009/10/20/send-your-questions-to-alistair-darling/ Wed, 16 Nov 2016 01:37:11 +0000 hourly 1 http://wordpress.org/?v=4.2.5 By: A Walker http://blogs.reuters.com/great-debate-uk/2009/10/20/send-your-questions-to-alistair-darling/comment-page-1/#comment-8040 Sun, 01 Nov 2009 12:42:20 +0000 http://blogs.reuters.com/great-debate-uk/?p=3786#comment-8040 After 10 years of of expanding goverment beaucracy advisors, FSA, and BoE policies we have arrived at an incomprehensible economic position due to a lack of common sense. Do you think the security of the pensions that the encumbents will recieve detract from their performance and their inability to apply common sense?

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By: Amit http://blogs.reuters.com/great-debate-uk/2009/10/20/send-your-questions-to-alistair-darling/comment-page-1/#comment-7627 Wed, 21 Oct 2009 10:58:58 +0000 http://blogs.reuters.com/great-debate-uk/?p=3786#comment-7627 Savers have been punished to rescue the reckless. How fair is this ? Aren’t you ashamed that you have been incapable of finding a better solution to this crisis.

Taking care of ‘overall interest’, have you not motivated and encouraged the reckless to further their activities? This is a closed question, please spare me from an essay response.

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By: Jan Zolyniak http://blogs.reuters.com/great-debate-uk/2009/10/20/send-your-questions-to-alistair-darling/comment-page-1/#comment-7626 Wed, 21 Oct 2009 10:31:41 +0000 http://blogs.reuters.com/great-debate-uk/?p=3786#comment-7626 The 50% rate of tax and other taxes will raise £6 Billion a year.
Could you tell us how you intend to bridge the remaining £160 Billion deficit you have created. People and businesses need to know, in order to be able to plan in advance.

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By: Alex http://blogs.reuters.com/great-debate-uk/2009/10/20/send-your-questions-to-alistair-darling/comment-page-1/#comment-7625 Wed, 21 Oct 2009 10:22:58 +0000 http://blogs.reuters.com/great-debate-uk/?p=3786#comment-7625 If large amounts of personal debt are bad (which they probably are) why do you think it is acceptable to have such a massive national debt? Do you not think that the government should accept some culpability for running up the debt to such large amounts?

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By: Ian Crossley http://blogs.reuters.com/great-debate-uk/2009/10/20/send-your-questions-to-alistair-darling/comment-page-1/#comment-7624 Wed, 21 Oct 2009 10:21:03 +0000 http://blogs.reuters.com/great-debate-uk/?p=3786#comment-7624 We have seen the world stock markets arguably have their worst decade in history. Since the majority of private pension and stakeholder pension funds are invested in these markets, comfortable retirement for the average person is somewhat of a gamble – unless of course you are in the public sector or in the financial fraternity! What actions are the government proposing to take which will reduce the uncertainty of this lottery and make saving for retirement worthwhile?

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By: Av Singh http://blogs.reuters.com/great-debate-uk/2009/10/20/send-your-questions-to-alistair-darling/comment-page-1/#comment-7623 Wed, 21 Oct 2009 10:18:47 +0000 http://blogs.reuters.com/great-debate-uk/?p=3786#comment-7623 Mr Darling,

My question is regarding Lloyds Banking Group and the current Government position. From everything that I have read and heard, it seems like the government is giving a real hard time to LBG with regards to standing up for them in Brussels as well as the negotiations around the APS scheme. Please stop turning the screw on the bank.

Surely it is in all our interest to see this organization back on it’s own feet as quickly and safely as possible. Whilst I appreciate that the government effectively bailed out this organization, we all know how it came about. If Lloyds had not taken over HBOS the recession may have been worse in the U.K. Halifax was the biggest share held before the takeover with an estimated 2-3 million shareholders. These shareholders have seen much of the value destroyed, not to mention what the Lloyds shareholders have had to go through.

Is it too much to accept that although Lloyds saw the takeover of HBOS as an opportunity, it also significantly helped the government by aiding confidence and bringing back some stability into the system. Surely you must realize this. Had it not been for Lloyds the government would have had to fully nationalise HBOS. A decision that would have caused untold damage. Is it asking too much to take this into account?

I quote an article that I read recently which seems to sum up the governemnt position quite well. I would like to hear your opinion. “Lloyds also made another terrible mistake: it trusted the government, which is now backtracking on all aspects of the deal and has singularly failed to standd up for the firm in Brussels”

Mr Darling for the sake of the shareholders including many pension funds as well as the taxpayer please succeed in doing the right thing.

Av Singh

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By: GPR Johnson http://blogs.reuters.com/great-debate-uk/2009/10/20/send-your-questions-to-alistair-darling/comment-page-1/#comment-7621 Wed, 21 Oct 2009 10:17:48 +0000 http://blogs.reuters.com/great-debate-uk/?p=3786#comment-7621 The top down approach of QE, using tax payers money to prop up the Too Big to Fail Banks, justified to protect us all – is this Democracy or larceny?

Will the UK Government be able to pay down its debt without debacing the Currency?

How much is being spent on interest payments per year due to QE policy?

Why should the Middle Class (fixed income) be slaughtered for YEARS to come to pay for repeated Government overspending?

A Child with basic arithmetic can work out this isnt going to succeed. But if it does it will prove that water can run up hill, a drunk can drink himself sober, and we will all NEVER EVER have to do a days work again, instead we will go to the ATM machine in the Kitchen and print off what we wish !

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By: p. savage http://blogs.reuters.com/great-debate-uk/2009/10/20/send-your-questions-to-alistair-darling/comment-page-1/#comment-7618 Wed, 21 Oct 2009 10:05:48 +0000 http://blogs.reuters.com/great-debate-uk/?p=3786#comment-7618 The one action that the government could take that could rapidly restore faith in the labour leadership is to hold a snap referendum on our signing the Lisbon treaty and then abiding by the result. You have no idea how many labour voters feel badly betrayed by the governement reneging on it’s promise. Why can this not now be done?

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By: IBGYBG http://blogs.reuters.com/great-debate-uk/2009/10/20/send-your-questions-to-alistair-darling/comment-page-1/#comment-7617 Wed, 21 Oct 2009 09:54:19 +0000 http://blogs.reuters.com/great-debate-uk/?p=3786#comment-7617 Does the Chancellor agree that going after the bankers cash bonus culture is simply headline grabbing low hanging fruit to appease a disgruntled public? Both Bear Stearns and Lehmans had a core culture of employee ownership, with staff owning a third and a quarter of the stock respectively, which didnt prevent the firms imploding. Wouldnt it be more useful to go after the root of the banking crisis, which is an inherently unstable fractional reserve banking system that feeds a culture of housing booms and a myopic central bank that ignores asset bubbles to focus solely on inflation?

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By: william garwood http://blogs.reuters.com/great-debate-uk/2009/10/20/send-your-questions-to-alistair-darling/comment-page-1/#comment-7616 Wed, 21 Oct 2009 09:46:26 +0000 http://blogs.reuters.com/great-debate-uk/?p=3786#comment-7616 question for alistair darling:
leading up to the credit crisis many institutions bought up debts (mortgages and loans)from others, to what extent does delayed payment for these purchases cause confusion and problems now?

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