Opinion – The real ticking time bomb for the Tories is home ownership – Telegraph – John Gelmini

Conservative Party (UK)

Conservative Party (UK) (Photo credit: Wikipedia)

This post from the Telegraph, courtesy of Dr Alf, is manifest nonsense. We have had a housing crisis in the UK for at least 100 years, and nobody has seen fit to take the necessary measures to put it right. Indeed, things are getting worse with the so-called “Mortgage Market Review”, proposed restrictions on buy-to-let landlords over and above the Chancellors measures on buy-to-let tax relief restriction.

There is, and always has been, an unwillingness to use Hof Haus systems building methods, or build upwards, or tackle the scandal of too many local authorities and their excessive greed and mendacity surrounding many but not all planning applications.

Furthermore, we lack the construction workers to build the houses, even if they could be financed, and plans for carbon reduction make many of them too expensive to build, even if they could be financed.

The problem that the Conservatives will face is immigration and the belief in the minds of the public that the world owes them a living. Immigration has been allowed to proliferate unchecked because too many members of the indigenous population are unwilling to do certain jobs and are lazy and unproductive. For those who take umbrage at this criticism, I say look at the figures for productivity which place the UK at 20th position in the world with 32% public sector productivity, plus excessive overmanning, and 48% private sector productivity, with just 400 world-class companies and a balance of trade deficit growing at £3 billion gbp a month since 1981.

John Gelmini

Germany’s sickly economy | Europe’s World -Philippe Legraine

This is an insightful, must-read article by Philippe Legraine on the Germany‘s economy and why it might not be best practice for the rest of Europe.

via Germany’s sickly economy | Europe’s World.

The article paints a powerful picture of Germany holding down wage rates to encourage exports. Unfortunately, some of Germany’s major export markets are suffering, so should Germany perhaps now be reflating her domestic economy instead?