Financial Markets

Part of Oral Answers to Questions — Children, Schools and Families – in the House of Commons at 3:31 pm on 13th October 2008.

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Photo of Alistair Darling Alistair Darling The Chancellor of the Exchequer 3:31 pm, 13th October 2008

I am always intrigued at the line that the Conservatives take on this. If they want to restrict personal debt, there are two ways of doing so: one is to ensure that loans are priced at such a level that people cannot get them, and the other is rationing. I know that the Conservative party is much more interventionist now than it was just a few weeks ago, but that strikes me as odd. There are two other points to bear in mind. Yes, people did borrow more, not only because rates were lower but because their assets had increased in value. The central point is surely this: do we not need to ensure that whatever lending takes place is sensible, prudent and sustainable from both the borrowers' and the lenders' point of view?

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Christopher Ashley
Posted on 14 Oct 2008 11:39 am (Report this annotation)

Your predecessor G. Brown knowingly created this empire of debt, just to continue the bubble economy and ensure a smooth election. He should resign.

To ensure the housing market did not falter Nu Labour accelerated its Nu Population policy which has brought the Nu Crime wave along with it.

Its shame on the Conservatives that as we enter a recession they are still mute on the 4,000 Foreign Nationals a day come here to "work and claim benefits". No wonder we are bankrupt, and seam to be complicit on the population replacement policy that is in place.

John Byng
Posted on 14 Oct 2008 12:00 pm (Report this annotation)

Christopher Ashley is right to condemn New Labour for having continued Thatcherite policies in favour of growth at all costs. But I am amazed that he should think immigration is of any relevance to a banking crisis.