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  1. K

    Politics, politics, politics (so long and thanks for all the fish)

    Lee Anderson is working his way through all the political parties isn't he?
  2. K

    Politics, politics, politics (so long and thanks for all the fish)

    I think there's a strong argument to be made that rail, utilities etc. aren't good examples of where free market economics can thrive for the reasons you've stated. As I've said I am not arguing for these to remain privatised. I'm arguing AGAINST decisions based on ideology. "Profit hungry...
  3. K

    Politics, politics, politics (so long and thanks for all the fish)

    You can't compare us to the Nordics and Switzerland. It is far easier to invest to maintain standards with a small population. In fact, population size has been linked in multiple studies to levels of poverty and living standards. It's fairly obvious that the less people there is, the more...
  4. K

    Politics, politics, politics (so long and thanks for all the fish)

    High speed rail is a case study in how badly we do infrastructure projects in the UK. Most of it has effectively been cancelled at this point in time as it stands due to spiralling costs. The government should have put some legal protections around the project to protect costs but they didn't...
  5. K

    Politics, politics, politics (so long and thanks for all the fish)

    I disagree. Thames Water have around £155 million in liabilities according to their latest accounts which is perfectly reasonable for a company of their size. They are owned by a finance company that issues debt to finance its subsidiaries. This is common practice and completely unlike what...
  6. K

    Politics, politics, politics (so long and thanks for all the fish)

    Markets aren't fair though. Life isn't fair. There are always winners and lovers. The unfairest markets tend to be those with constant state intervention to make them "fairer". George Orwell wrote a book about it once.
  7. K

    Politics, politics, politics (so long and thanks for all the fish)

    Explain what you think has been going on at Thames Water.
  8. K

    Politics, politics, politics (so long and thanks for all the fish)

    A lot of people are pricing themselves out via greed. My brother in law can't save for a deposit for a house for example. Yes, his rent is high. So is the car finance on his 20 plate Audi RS3. So is saving for his annual holiday to ibiza. Yes that's a generalisation, but so is your view...
  9. K

    Politics, politics, politics (so long and thanks for all the fish)

    Something fundamental has changed in who banks will lend to since 2002 though. Banks shouldn't have been giving 95% mortgages to young people on starter ladder jobs in 2002. We've still not recovered from the consequences of that.
  10. K

    Politics, politics, politics (so long and thanks for all the fish)

    Ok, my bad. But the "obvious answer" of people previously paying rent giving their money to a mortgage lender is only an obvious answer if banks will lend to them. Since 2008 banks haven't been lending to those sorts of people. Hence the growth in % of people renting from under the last...
  11. K

    Politics, politics, politics (so long and thanks for all the fish)

    What's not happened at Thames Water?
  12. K

    Politics, politics, politics (so long and thanks for all the fish)

    What's insecure about it is that if the housing market is dropping out of its behind on value due to your changes, banks will risk-price it accordingly and reduce the LTV they'll lend to in order to protect their positions. They'll also tighten who they'll lend to. People that have not...
  13. K

    Politics, politics, politics (so long and thanks for all the fish)

    You've said that you're advocating banks giving 100% mortgages to people that have thus far struggled to get a mortgage and get on the housing ladder. That's exactly what happened in the late 90s/early 2000s.
  14. K

    Politics, politics, politics (so long and thanks for all the fish)

    So you're advocating doing what the last Labour government did? Try and increase home ownership amongst low income and insecure income groups by deregulation of prudential risk within banking and encouraging sub-prime lending? That ended well.....
  15. K

    Politics, politics, politics (so long and thanks for all the fish)

    I'm not actually bothered whether they're privately or publically owned. You can make either system work. I'm pointing out that dividends are paid out as a result of money being paid in. The money becomes the company's money to do what it wants with. Investors expect investment. If there's no...
  16. K

    Politics, politics, politics (so long and thanks for all the fish)

    The water system is like the railway system. You have infrastructure and you have operations. Private operators have been brought in to run services using public infrastructure. The government has been happy for public anger to be directed at private companies when it was always their...
  17. K

    Politics, politics, politics (so long and thanks for all the fish)

    How would the tenants become owners?
  18. K

    Politics, politics, politics (so long and thanks for all the fish)

    Other then prime and super-prime property (which ordinary renters can't dream of renting) people do not invest in property purely to speculate on value growth. Also rent that is x3 of a mortgage payment I'd only common where the mortgage is interest only which means it's not getting paid down...
  19. K

    Politics, politics, politics (so long and thanks for all the fish)

    The plan needs to be a huge civil engineering project funded and co-ordinated by central government to modernise and rebuild the entire water infrastructure in this country.
  20. K

    Politics, politics, politics (so long and thanks for all the fish)

    You say £25 billion/£7.2 billion taken out and zero invested but this doesn't even make sense. To be paid a dividend you'll have to own shares. That means you'll have had to purchase said shares and therefore invested your money into the company. This is kind of the point of privatisation...
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