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At the moment I am up to my eyes with problems at work and do not have time to read all the various reports etc about this crisis. But it is definitely hitting hard and fast.
I am a director of a small manufacturing company and today we have had two customers call in the administrators - so it is goodbye to a few thousand pounds and unwanted stock in our warehouse.
Apparently this is down to the banks looking at all individual companies and even if they are a going concern, if there is little or no security, they are calling in loans and OD.
I have a few basic questions
1) Were the banks being audited and showing losses last year or is this all a result of this years activity
2) were they just lending money to eachother at vital year end dates to cover the losses
3) were they setting up other hidden companies to cover up what was happening
4) As tax payers are we really going to get anything back for the cash injections? Or any real say in how the banks conduct themselves in the future
5) If there are going to be 2 million unemployed are we stopping all immigration NOW.
6) If the government is going to have to support 2 million unemployed are they seriously going to look at community type jobs or maybe increase training places for teachers / nurses etc.
7) is there a section of the community that could do with more assistance if they had to create jobs rather that just pay benefits? I am thinking specifically of the isolation and loneliness suffered by some pensioners in the UK.
8) Is the government considering removing VAT for house improvement? If we can not build houses then maybe people would improve and that would be assisted by cheaper prices and provide work for the construction industry.
9) Why do we need to build thousands more houses when we cant sell the ones we have?
10) How can the government ask banks to lend at last years level when they can not know what 100% value of a property is let alone 125% ( bit of sarcasam there)
11) If they lower interest rates too much will not investment flood out of the country and people who have saved and rely on the income be penalised?
12) what happened about encouraging more shared ownership?
13) why did councils have millions in icelandic banks when there are 4 years waiting lists for social housing and they are paying out huge sums to B&B landlords?
Sorry you doont really have to answer any Questions its just my mind is buzzing at the moment. I just want the government to get a grip and make positive moves that are radical .
I am a director of a small manufacturing company and today we have had two customers call in the administrators - so it is goodbye to a few thousand pounds and unwanted stock in our warehouse.
Apparently this is down to the banks looking at all individual companies and even if they are a going concern, if there is little or no security, they are calling in loans and OD.
I have a few basic questions
1) Were the banks being audited and showing losses last year or is this all a result of this years activity
2) were they just lending money to eachother at vital year end dates to cover the losses
3) were they setting up other hidden companies to cover up what was happening
4) As tax payers are we really going to get anything back for the cash injections? Or any real say in how the banks conduct themselves in the future
5) If there are going to be 2 million unemployed are we stopping all immigration NOW.
6) If the government is going to have to support 2 million unemployed are they seriously going to look at community type jobs or maybe increase training places for teachers / nurses etc.
7) is there a section of the community that could do with more assistance if they had to create jobs rather that just pay benefits? I am thinking specifically of the isolation and loneliness suffered by some pensioners in the UK.
8) Is the government considering removing VAT for house improvement? If we can not build houses then maybe people would improve and that would be assisted by cheaper prices and provide work for the construction industry.
9) Why do we need to build thousands more houses when we cant sell the ones we have?
10) How can the government ask banks to lend at last years level when they can not know what 100% value of a property is let alone 125% ( bit of sarcasam there)
11) If they lower interest rates too much will not investment flood out of the country and people who have saved and rely on the income be penalised?
12) what happened about encouraging more shared ownership?
13) why did councils have millions in icelandic banks when there are 4 years waiting lists for social housing and they are paying out huge sums to B&B landlords?
Sorry you doont really have to answer any Questions its just my mind is buzzing at the moment. I just want the government to get a grip and make positive moves that are radical .
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