British Politicians Blame One Another for Unexpected Flooding – NYTimes.com

This is an excellent MUST READ article from the NYT on the UK’s flooding disaster. Check it out!

via British Politicians Blame One Another for Unexpected Flooding – NYTimes.com.

Once again the political classes are throwing mud at each other, and bureaucrats on gold-plated pensions are taking the money and probably not doing their job effectively.

Surely, the politicians and the bureaucrats should be held to account?

Any thoughts?

The New York Times

The New York Times (Photo credit: Scott Beale)

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Eric Pickles: Delivering new homes for hard-working people – Press releases – GOV.UK

English: Eric Pickles, British politician and ...

English: Eric Pickles, British politician and Chairman of the Conservative Party, at the Health Hotel “Health Zone” at the Manchester Central Conference Centre during the Conservative Party Conference 2009. (Photo credit: Wikipedia)

Government spending

Government spending (Photo credit: 401(K) 2013)

This upbeat press release from Eric Pickles, the UK Local Government Minister, is a MUST READ article in my view. Check it out!

via Eric Pickles: Delivering new homes for hard-working people – Press releases – GOV.UK.

Whilst the UK Government fiscal policy is very slow to help investment and jobs, the Government guarantee scheme for housing loans is a risky policy in the eyes of many economists (See this week’s Economist). Many argue that it’s, in effect, a UK sub-prime crisis waiting to happen.

With the Labour Party is disarray, the Coalition of the Conservative and Liberal Parties are playing a risky game to kick-start to UK economy and create a feel good factor ahead of the election. In reality, the Government is stimulating a property bubble which seems to contradict the central message of austerity.

Any thoughts?

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