Why should we tax payers recompense the gamblers who lost in shares of B&B?
What a lot of people are missing here is if the average house price drops by 30-40% then tens of thousands if not hundreds of thousands of ordinary people in the UK are going to have houses that are only worth 60-70% of their mortgage. The repercussions of these kind of losses on ordinary people has not been fully calculated, how many of these people will be temped to chuck in the towel and get out while they can before they loose even more money, these kinds of loses could be crippling to the UK economy, which is now sadly judged on the housing market and not on industrial output. All I now see from this government is re-action to what happening on the stock markets, what we need to see is some firm leadership on all aspects of the UK economy. I know from personal experience the crippling expense of local government spending has on ordinary people when it comes to paying their ever increasing council tax bill. When you take into consideration gas/electricity, fuel, food, water rates,
