There can be few people left who do not think unbeloved, unelected leader McBroon has lost the plot in the fiscal arena after his crazy idea to hand over millions to the terrible Taliban to rebuild their lives rather than give a helping hand to thousands of British families and pensioners in near penury as a result of his pension raids and stealth taxes of the last decade.
As McBroon postures on the international stage handing out taxpayers’ money right, left and centre to boost his ego and piggy bank when he is finally given the Order of the Boot by British voters, it’s clear he has lost touch with reality.
To claim Britain is out of recession on the basis of some barely measureable GDP for a single quarter when it takes the results of three successive quarters to prove we are in a recession, is clutching at straws.
McBroon has run up debts equal to 72% of the GDP and it will take a decade of even higher taxes and belt tightening to pay this lot back – even longer if the international lenders decide to charge higher interest rates because of the country’s poor performance.
This is a frightening prospect for pensioners and those thinking about retirement based on fixed incomes. The Taliban can afford new poppy farms, trade in their mopeds for 4x4 all-terrain Land Cruisers fitted with rocket launchers and have R&R breaks in sunny Spain. Brits in need get another slap in the face from McBroon.
Future hardships, even if the Cameroons manage to scrape an election victory, are guaranteed for UK citizens in a country wracked and ruined by the idiotic McBroons.
Is it any wonder that so many over-50 Brits are now researching moving to Spain where their pensions will go further, their lives will be warmer, their full-filled years all the longer and the direct aftermath of the McBroon era can be escaped…
There are loads of property bargains in Spain, but be quick before the Taliban catch onto the idea of a Spanish life-style funded by the British taxpayer…
Showing posts with label economy mismanagement. Show all posts
Showing posts with label economy mismanagement. Show all posts
29 January 2010
22 January 2010
Brit buyers voting with their feet
It should be a good year for property purchase in Spain and already the Russian, Scandinavian and Benelux buyers are bagging most of the bargains, priced at levels of at least five years ago.
The British, who have been sitting on their hands during the recession, seem more likely to buy in 2010, as they now realise their country is going nowhere soon, thanks to the trillions of pounds of debt incurred by the UK government that needs to be repaid over the next decade. They now accept that voting out the incompetent Labour Government isn’t likely to improve the position of most British families as fiscal hardship, increased taxes and job losses take their toll.
They see Britain’s busted economy, collapsed currency, Governmental mismanagement and lack of inward investment and realise the country is at the bottom of the G20 pile and regarded internationally as a basket-case. There has been few products to export as manufacturing has left these shores in waves, to be replaced by now disgraced banking and financial services. Profits from making cars and other consumer goods goes to overseas corporations and the associated danger of losing jobs to cheaper factories in Eastern Europe.
All this means many Brits are more likely to vote with their feet, putting a big X for Spain, their favourite destination for decades and snapping up quality holiday properties at bargain prices as bolt holes away from the ongoing economic rigours of Britain or for full-time living in the sun.
The property market may have collapsed and the Spanish economy may be in tatters but people are still interested in setting up a new life-style for themselves in Spain? They have done their research, logged the market trends and compared the results with the prospects of staying put in the UK.
Conversely, we see many people now leaving Spain and returning to the UK. They are mainly unable to make ends meet as active workers or retirees and want to get back to friends and family in the UK, where they hope their prospects will improve. For many the decline in Sterling will mean a good return on their property investment, or at worse getting all their money back if they bought in the peak years of the Spanish property market.
Specialist brokers like PropertyInSpain.Net is getting one or two of these returnees a day listing their properties on their website which is ranked by Google as the number one source for Spanish bank repossessions and bargain property in Spain, attracting 1,000s of bargains hunters every day]
Most bargains are coming from Spanish banks, who were not allowed by the Bank of Spain regulator to go anywhere near the toxic assets that blighted the US and UK banking industries. However, Spanish banks over-invested in the country’s booming property market that, at its peak, was turning out 600,000 units a years, more homes than being built in the UK, France and Germany combined.
They funded over confident developers and house-builders and together they created a housing bubble that burst within a decade, accelerated by greed, graft and corruption within many town halls. This left many buyers in legal limbo, having been lured into offplan sales of illegally built homes in places like Marbella, Costa Almeria and Costa de la Luz.
Central Government has moved quickly to resolve many of the problems, jail the conmen and to tighten up the planning regime. In Marbella, for instance, there are now volumes of records showing clearly which properties are legal and which are not and developments that are likely to become legal in the near future. Buyers and their Spanish lawyers can consult the lists and buy with new-found confidence.
Likewise the bank-owned bargains are fully legal, are discounted by up to 50% of the last valuation and come with generous mortgages built-in. A worthwhile combination for buyers wanting a great holiday homes or a fulltime move to sunny Spain…an opportune moment to make the move to secure a bargain.
The British, who have been sitting on their hands during the recession, seem more likely to buy in 2010, as they now realise their country is going nowhere soon, thanks to the trillions of pounds of debt incurred by the UK government that needs to be repaid over the next decade. They now accept that voting out the incompetent Labour Government isn’t likely to improve the position of most British families as fiscal hardship, increased taxes and job losses take their toll.
They see Britain’s busted economy, collapsed currency, Governmental mismanagement and lack of inward investment and realise the country is at the bottom of the G20 pile and regarded internationally as a basket-case. There has been few products to export as manufacturing has left these shores in waves, to be replaced by now disgraced banking and financial services. Profits from making cars and other consumer goods goes to overseas corporations and the associated danger of losing jobs to cheaper factories in Eastern Europe.
All this means many Brits are more likely to vote with their feet, putting a big X for Spain, their favourite destination for decades and snapping up quality holiday properties at bargain prices as bolt holes away from the ongoing economic rigours of Britain or for full-time living in the sun.
The property market may have collapsed and the Spanish economy may be in tatters but people are still interested in setting up a new life-style for themselves in Spain? They have done their research, logged the market trends and compared the results with the prospects of staying put in the UK.
Conversely, we see many people now leaving Spain and returning to the UK. They are mainly unable to make ends meet as active workers or retirees and want to get back to friends and family in the UK, where they hope their prospects will improve. For many the decline in Sterling will mean a good return on their property investment, or at worse getting all their money back if they bought in the peak years of the Spanish property market.
Specialist brokers like PropertyInSpain.Net is getting one or two of these returnees a day listing their properties on their website which is ranked by Google as the number one source for Spanish bank repossessions and bargain property in Spain, attracting 1,000s of bargains hunters every day]
Most bargains are coming from Spanish banks, who were not allowed by the Bank of Spain regulator to go anywhere near the toxic assets that blighted the US and UK banking industries. However, Spanish banks over-invested in the country’s booming property market that, at its peak, was turning out 600,000 units a years, more homes than being built in the UK, France and Germany combined.
They funded over confident developers and house-builders and together they created a housing bubble that burst within a decade, accelerated by greed, graft and corruption within many town halls. This left many buyers in legal limbo, having been lured into offplan sales of illegally built homes in places like Marbella, Costa Almeria and Costa de la Luz.
Central Government has moved quickly to resolve many of the problems, jail the conmen and to tighten up the planning regime. In Marbella, for instance, there are now volumes of records showing clearly which properties are legal and which are not and developments that are likely to become legal in the near future. Buyers and their Spanish lawyers can consult the lists and buy with new-found confidence.
Likewise the bank-owned bargains are fully legal, are discounted by up to 50% of the last valuation and come with generous mortgages built-in. A worthwhile combination for buyers wanting a great holiday homes or a fulltime move to sunny Spain…an opportune moment to make the move to secure a bargain.
16 December 2009
Final days for the McBroons?
It’s looking like the final days of the McBroons as they scramble from saving face in the hot Afghan desert and onto snowy Copenhagen to save the world from climate change. As they have got so little right in their 12 years of mis-rule, few would give them any odds on pulling something useful out of the fire at this late stage of their decline.
McBroon and his cohorts are allowing the busted banks to pay bonuses and fund the Krafty take-over of a British chocs company; Spend money faster than they can print it on some days, while cheating on promised pension increases; providing vital helicopters after five years of military casualties while whitewashing over the vainglorious Iraq invasion… offering Third World ragamuffins billions to squander on staying green while giving nowt to Britain’s greenest van maker - who’s now gone bust.
It’s a fairy tale world the McBroons have created for themselves, but surely without a happy fairy tale ending… Hans Christian Andersen lived in Copenhagen and like McBroon he liked to travel around the world compiling imaginative stories to tell, one of which, “Only a Fiddler”, might become McBroon’s tomb-top testimonial when judged by history?
The parlous and changed state of Great Britain PLC, now Lorded over by the mortgage fiddler with more titles than Idi Amin, Saddam Hussain, Robert Mugabe and Hazel Blears, is getting many people looking for a better country to move to.
A place where their meagre pensions will go further; where the sun shines 300 days of the year and their neighbours will be friendly and more respectful in their safer neighbourhoods. The nearest place is Spain, where they can now find a nice house for less than the average price of a flat in the UK.
Spain’s in the recession too and in trouble because they built too many second homes to cater for the never-ending demand from discontented Brits, bored Benelux bods and over-rich Russians. As Spanish banks were not allowed to stray into the twilight zones of dodgy lending and toxic assets they are still around to advance good mortgages to sensible borrowers.
As McBroon has done nothing to support Sterling, the pound has crashed against the Euro, making life difficult for Brits paying mortgages in Spain. Some have had their Spanish homes repossessed, but most will go without the Sunday roast before giving up their splendid lifestyle on their favourite Costa.
McBroon and his cohorts are allowing the busted banks to pay bonuses and fund the Krafty take-over of a British chocs company; Spend money faster than they can print it on some days, while cheating on promised pension increases; providing vital helicopters after five years of military casualties while whitewashing over the vainglorious Iraq invasion… offering Third World ragamuffins billions to squander on staying green while giving nowt to Britain’s greenest van maker - who’s now gone bust.
It’s a fairy tale world the McBroons have created for themselves, but surely without a happy fairy tale ending… Hans Christian Andersen lived in Copenhagen and like McBroon he liked to travel around the world compiling imaginative stories to tell, one of which, “Only a Fiddler”, might become McBroon’s tomb-top testimonial when judged by history?
The parlous and changed state of Great Britain PLC, now Lorded over by the mortgage fiddler with more titles than Idi Amin, Saddam Hussain, Robert Mugabe and Hazel Blears, is getting many people looking for a better country to move to.
A place where their meagre pensions will go further; where the sun shines 300 days of the year and their neighbours will be friendly and more respectful in their safer neighbourhoods. The nearest place is Spain, where they can now find a nice house for less than the average price of a flat in the UK.
Spain’s in the recession too and in trouble because they built too many second homes to cater for the never-ending demand from discontented Brits, bored Benelux bods and over-rich Russians. As Spanish banks were not allowed to stray into the twilight zones of dodgy lending and toxic assets they are still around to advance good mortgages to sensible borrowers.
As McBroon has done nothing to support Sterling, the pound has crashed against the Euro, making life difficult for Brits paying mortgages in Spain. Some have had their Spanish homes repossessed, but most will go without the Sunday roast before giving up their splendid lifestyle on their favourite Costa.
1 June 2009
Why Brits are still quitting Britain
While Brits living in France and Spain are feeling the pinch because of the decline in the Pound, many others are still planning to move away from the declining state of once Great Britian.
An American correspondent in yesterday’s New York Times, commenting on Brit emigration, spoke for many over-50s when he wrote: “I can well understand why folks want to abandon Britain, where a person can’t smoke or own a gun or derogate a religion (even in private conversation), or spank one's child, or avert one's face from any of that country's 10 million CCTV cameras.
“I always thought Orwell's book (1984) represented a dystopia, but now the Brits have accepted it as their constitution.”
He didn’t mention the poor healthcare, inadequate education, ruined pension industry, unwanted currency, gun-toting teens, criminal under-class, corrupt politicians, open borders, nor an unelected leader deciding what the now angry populous wants.
But just as stoic, ex-pat Brits will sit out the currency and financial crisis affecting their lifestyles in continental Europe, those still to leave will go-ahead with their plans and take advantage of the downturn in house prices, that more than compensates for the currency losses.
In Spain they will find excellent value villas and apartments in established residential areas at prices 25% to 50% below valuation, buying direct from banks who have not had Government bail-outs because of mismanaged growth efforts.
Over-50s will notice that three ailing British banking institutions are going to carry the Santander name and be integrated in a 14,000 branch network across 40 countries. The boss of Santander was the only top banker not required to offer an apology to the Parliamentary committee investigating the banking collapse as no client money went into dodgy banking scams.
By contrast, Brit rivals have been bailed-out by the UK Government who failed to supervise their more dubious actives as they strove for world domination...
Along with sunshine, siestas and relaxed lifestyle, Spain offers stability, sound banking and good healthcare. What more could the over-50s or pensioners want for?
Their property search starts here, with specialist over-50s active life resorts, developments with guaranteed rentals, or heavily discounted repossession bargains from Spanish banks and and hard-pressed developers.
An American correspondent in yesterday’s New York Times, commenting on Brit emigration, spoke for many over-50s when he wrote: “I can well understand why folks want to abandon Britain, where a person can’t smoke or own a gun or derogate a religion (even in private conversation), or spank one's child, or avert one's face from any of that country's 10 million CCTV cameras.
“I always thought Orwell's book (1984) represented a dystopia, but now the Brits have accepted it as their constitution.”
He didn’t mention the poor healthcare, inadequate education, ruined pension industry, unwanted currency, gun-toting teens, criminal under-class, corrupt politicians, open borders, nor an unelected leader deciding what the now angry populous wants.
But just as stoic, ex-pat Brits will sit out the currency and financial crisis affecting their lifestyles in continental Europe, those still to leave will go-ahead with their plans and take advantage of the downturn in house prices, that more than compensates for the currency losses.
In Spain they will find excellent value villas and apartments in established residential areas at prices 25% to 50% below valuation, buying direct from banks who have not had Government bail-outs because of mismanaged growth efforts.
Over-50s will notice that three ailing British banking institutions are going to carry the Santander name and be integrated in a 14,000 branch network across 40 countries. The boss of Santander was the only top banker not required to offer an apology to the Parliamentary committee investigating the banking collapse as no client money went into dodgy banking scams.
By contrast, Brit rivals have been bailed-out by the UK Government who failed to supervise their more dubious actives as they strove for world domination...
Along with sunshine, siestas and relaxed lifestyle, Spain offers stability, sound banking and good healthcare. What more could the over-50s or pensioners want for?
Their property search starts here, with specialist over-50s active life resorts, developments with guaranteed rentals, or heavily discounted repossession bargains from Spanish banks and and hard-pressed developers.
27 May 2009
Spanish practices in perks and property...
There was a bit of an image problem for Spain when trade unions called the shots in Seventies Britain by demanding more money for less work, layered with a load of bosses' perks.
It was likened to traditional similar practices in Spain and the insult stuck, despite that country subsequently becoming a dynamic Med powerhouse with a strong economy, 21st century communications, and the leading tourist destination and international property market.
Margaret Thatcher kicked the trade unions and their “Spanish practices” into touch, resulting in the strongest-ever Britsh economy as inherited by the incoming McBroon government.
Now the country is looking busted with £750 billion of debt and wracked by the parliamentary expenses scandal, the media has harked back to the Seventies for the ultimate sobriequet "Spanish practices" to describe the fiddles and scams of McBroon ministers and MPs from all parties.
The unspeakable Mick Martin was cast in the role of the old trade union boss, living it up with the free big house and chauffer cars and encouraging the Honourable Members to claim for the maximum on the taxpayers’ tab...
When the House of Commons members were exposed as “indulging in old-style Spanish practices”, the shop steward simply had to go. Commentators, such as the BBC’s Nick Robinson - their one terrier in a team of political poodles - have used the “Spanish practices” phrase and it has been revived in the minds of the general public.
But it should now carry the different usage and meaning. The last time a Spanish Government lied to its citizenry – “ETA blew up commuter trains in Madrid” - it was swept from office within weeks.
That’s one “Spanish practice” that could be useful in ridding Britain of the failed McBroons and their poor governance, ongoing spin, failed fiscal policy and downright dishonesty. Over-50s in Britain remember clearly the benefits of renewal process started by the incoming Thatcher government... they’d like to see similar sooner rather than later.
Meantime, they are becoming more aquainted with the practice of buying property in Spain, cashing in on that country’s recessional woes, such as Spanish bank repossessions and other distressed sales. Over-50s reckon spending more time out of Britain might be better for their health, welfare and wallet.
It was likened to traditional similar practices in Spain and the insult stuck, despite that country subsequently becoming a dynamic Med powerhouse with a strong economy, 21st century communications, and the leading tourist destination and international property market.
Margaret Thatcher kicked the trade unions and their “Spanish practices” into touch, resulting in the strongest-ever Britsh economy as inherited by the incoming McBroon government.
Now the country is looking busted with £750 billion of debt and wracked by the parliamentary expenses scandal, the media has harked back to the Seventies for the ultimate sobriequet "Spanish practices" to describe the fiddles and scams of McBroon ministers and MPs from all parties.
The unspeakable Mick Martin was cast in the role of the old trade union boss, living it up with the free big house and chauffer cars and encouraging the Honourable Members to claim for the maximum on the taxpayers’ tab...
When the House of Commons members were exposed as “indulging in old-style Spanish practices”, the shop steward simply had to go. Commentators, such as the BBC’s Nick Robinson - their one terrier in a team of political poodles - have used the “Spanish practices” phrase and it has been revived in the minds of the general public.
But it should now carry the different usage and meaning. The last time a Spanish Government lied to its citizenry – “ETA blew up commuter trains in Madrid” - it was swept from office within weeks.
That’s one “Spanish practice” that could be useful in ridding Britain of the failed McBroons and their poor governance, ongoing spin, failed fiscal policy and downright dishonesty. Over-50s in Britain remember clearly the benefits of renewal process started by the incoming Thatcher government... they’d like to see similar sooner rather than later.
Meantime, they are becoming more aquainted with the practice of buying property in Spain, cashing in on that country’s recessional woes, such as Spanish bank repossessions and other distressed sales. Over-50s reckon spending more time out of Britain might be better for their health, welfare and wallet.
13 May 2009
Gov. boost for property in Spain
As the McBroons shed their crocodile tears over being found out on dodgy expenses and go on the telly waving repayment cheques to reconnect with the voters - so they are not X-outed at the next election - it’s clear that the head of the bandit clan himself is to blame for the fiasco.
McBroon was in charge of the economy for ten years and so-called in charge of the country for two years and the unspeakable Mick Martin was in charge of the House of Commons for this current Parliament allowing the buying spree of MPs. Brit taxpayers are suffering from the antics of this useless pair.
Another catalogue of fiscal failures to heap upon the many that have blighted Britain and surely to be followed by McBroon failure at future elections, starting with the European and local elections next month.
Unlike McBroon, who has failed to say “Sorry” for his ministerial failures, his equivalent, Spanish Prime Minister Jose Luis Rodriguez Zapatero admitted that his government had erred in managing the country’s deepening recession. “It is obvious that the government made mistakes in its forecasts,” the socialist premier said during the annual parliamentary debate on the state of the nation.
Wow, words we have yet to hear on these shores?
But then Snr Zapatero, revealed, among a list of new economic stimuli, the removal of tax breaks on mortgages as a way of future control of the housing market, but effectively a great incentive for folks to rush out and buy now - before the threat becomes real in 2011.
Like McBroon, the Spaniard faces the electorate on 07 June with the EU elections and, as in the UK, serious consequences are likely. His other incentives included tax cuts to small and medium-size companies which maintained or increased employment, incentives to car purchases, measures to stimulate the property market, and cutting government spending by a billion euros.
Those measures can be helpful to over-50s British buyers of property in Spain, using the Libertad tax break and co-ownership deals on offer from leading specialists in the market and Spanish banks.
McBroon was in charge of the economy for ten years and so-called in charge of the country for two years and the unspeakable Mick Martin was in charge of the House of Commons for this current Parliament allowing the buying spree of MPs. Brit taxpayers are suffering from the antics of this useless pair.
Another catalogue of fiscal failures to heap upon the many that have blighted Britain and surely to be followed by McBroon failure at future elections, starting with the European and local elections next month.
Unlike McBroon, who has failed to say “Sorry” for his ministerial failures, his equivalent, Spanish Prime Minister Jose Luis Rodriguez Zapatero admitted that his government had erred in managing the country’s deepening recession. “It is obvious that the government made mistakes in its forecasts,” the socialist premier said during the annual parliamentary debate on the state of the nation.
Wow, words we have yet to hear on these shores?
But then Snr Zapatero, revealed, among a list of new economic stimuli, the removal of tax breaks on mortgages as a way of future control of the housing market, but effectively a great incentive for folks to rush out and buy now - before the threat becomes real in 2011.
Like McBroon, the Spaniard faces the electorate on 07 June with the EU elections and, as in the UK, serious consequences are likely. His other incentives included tax cuts to small and medium-size companies which maintained or increased employment, incentives to car purchases, measures to stimulate the property market, and cutting government spending by a billion euros.
Those measures can be helpful to over-50s British buyers of property in Spain, using the Libertad tax break and co-ownership deals on offer from leading specialists in the market and Spanish banks.
14 April 2009
USA leadership and UK credibility
The contrast between the Obamas running the USA and the McBroons running the UK was evident to citizens of both countries today when one leader came clean about the recession and produced a credible progress report while the other played dirty politics and refused to come clean when caught in the act…
The head of the McBroon clan “regretted” the poisoned emails his caber-tossing henchman sent off to a New Labour website propagandist, but apparently he wasn’t sorry the digital dirt was slagging-off some Tory party officials.
McBroon skulked in his Downing Street lair after ordering his spin-mongers onto the airwaves, further denting their party’s credibility with pathetic performances that fooled no-one. For the UK’s Over-50s it brought back painful memories of Labour’s final months in office decades ago, when the country was bust and being bailed out by the IMF.
Life then was a bit third world and many Over-50s are wondering if history will indeed repeat itself for them as this time around the McBroon version of Labour has nicked all but their own pensions, emptied the national coffers of fiscal reserves and workplaces of what could soon be three million jobs.
President Obama blamed greedy and uncontrolled banks for the current recession and said he’d make sure it didn’t happen again. McBroon stayed silent because the same greedy banks also went uncontrolled in the UK where he himself had set-up the FSA to regulate their activities.
Also today, housing figures improved in both countries, but the UK’s remain a lot short of the 1,000 a day sales being attained in Spain, where the banks were totally under the control of the Bank of Spain. No toxic debt, no busted banks and plenty of mortgages for Brits who are thinking their favourite overseas destination might provide a more secure future for their property investment and lifestyle aspirations.
Spain’s recession has resulted in plenty of bargain Spanish bank repossessions because of the greedy developers and local mayors that can be grabbed for up to 50% less than current valuations. The banks will provide generous mortgages at low interest and tourism figures are good enough to keep Spain in the top spot, so providing the best rental prospects for Costa property owners.
Average fares from London to Alicante are less than those from London to the McBroon capital of Edinburgh and Spain’s cost of living remains 30% less than rip-off Britain…
Life with the McBroons and the dark decade of pay-back for their misgovernment or the sunny, healthy Spanish lifestyle as a property owning extended holiday-maker or active living fulltime resident?
The head of the McBroon clan “regretted” the poisoned emails his caber-tossing henchman sent off to a New Labour website propagandist, but apparently he wasn’t sorry the digital dirt was slagging-off some Tory party officials.
McBroon skulked in his Downing Street lair after ordering his spin-mongers onto the airwaves, further denting their party’s credibility with pathetic performances that fooled no-one. For the UK’s Over-50s it brought back painful memories of Labour’s final months in office decades ago, when the country was bust and being bailed out by the IMF.
Life then was a bit third world and many Over-50s are wondering if history will indeed repeat itself for them as this time around the McBroon version of Labour has nicked all but their own pensions, emptied the national coffers of fiscal reserves and workplaces of what could soon be three million jobs.
President Obama blamed greedy and uncontrolled banks for the current recession and said he’d make sure it didn’t happen again. McBroon stayed silent because the same greedy banks also went uncontrolled in the UK where he himself had set-up the FSA to regulate their activities.
Also today, housing figures improved in both countries, but the UK’s remain a lot short of the 1,000 a day sales being attained in Spain, where the banks were totally under the control of the Bank of Spain. No toxic debt, no busted banks and plenty of mortgages for Brits who are thinking their favourite overseas destination might provide a more secure future for their property investment and lifestyle aspirations.
Spain’s recession has resulted in plenty of bargain Spanish bank repossessions because of the greedy developers and local mayors that can be grabbed for up to 50% less than current valuations. The banks will provide generous mortgages at low interest and tourism figures are good enough to keep Spain in the top spot, so providing the best rental prospects for Costa property owners.
Average fares from London to Alicante are less than those from London to the McBroon capital of Edinburgh and Spain’s cost of living remains 30% less than rip-off Britain…
Life with the McBroons and the dark decade of pay-back for their misgovernment or the sunny, healthy Spanish lifestyle as a property owning extended holiday-maker or active living fulltime resident?
28 March 2009
Spanish property and the Ides of March
Crikey, it’s got to be serious for the jet-setting McBroon when George Sorus, the financial guru who made a billion dollars from betting against the pound in 1992’s Black Monday, says Britain may have to go cap in hand for an IMF bail-out.
Mr Soros said that Gordon Brown might have to go begging for billions of pounds in international aid after an auction of UK government bonds issue failed for the first time in 14 years, ringing alarm bells about Britain’s ability to fund its growing debts. The Governor of the Bank of England had issued a similar warning earlier.
This follows doubts about the recovery of the UK property market and planned demonstrations during the G20 Summit in London. Beware the Ides of March, the future is looking bleak as a result of the economy mismanagement.
Over 50s and pensioners are the most at risk from a prolonged recession and many are considering their futures in foreign climes such as Spain. Inquiries in February reached 300,000 for Spanish property alone – 20 percent higher month on month than last year. The living in Spain package is now sun, sand, sangria and fiscal security.
There has never been a better time to buy a property in Spain, with a rising number of distressed sales and Spanish bank repossessions. Spain is selling 100s of properties a day to Russians and north Europeans who have seen the writing on the wall so far as their national economies are concerned. Many Brits have been holding back, hoping for further price drops.
They won’t get better than the half price bargains available right now, some with generous mortgages.
Mr Soros said that Gordon Brown might have to go begging for billions of pounds in international aid after an auction of UK government bonds issue failed for the first time in 14 years, ringing alarm bells about Britain’s ability to fund its growing debts. The Governor of the Bank of England had issued a similar warning earlier.
This follows doubts about the recovery of the UK property market and planned demonstrations during the G20 Summit in London. Beware the Ides of March, the future is looking bleak as a result of the economy mismanagement.
Over 50s and pensioners are the most at risk from a prolonged recession and many are considering their futures in foreign climes such as Spain. Inquiries in February reached 300,000 for Spanish property alone – 20 percent higher month on month than last year. The living in Spain package is now sun, sand, sangria and fiscal security.
There has never been a better time to buy a property in Spain, with a rising number of distressed sales and Spanish bank repossessions. Spain is selling 100s of properties a day to Russians and north Europeans who have seen the writing on the wall so far as their national economies are concerned. Many Brits have been holding back, hoping for further price drops.
They won’t get better than the half price bargains available right now, some with generous mortgages.
14 February 2009
Spain moves could aid crashed Brits
Brits are biting the bullet every day as the media reveal more bungling of the ruling McBroons and their cosy cohorts in the banking business.
Having forced Lloyds Bank into a shotgun marriage with busted HBOS, McBroon preened how single-handedly he’d saved British banking and trotted off to meet the more sensible leaders of other countries to “lead the world out of recession”.
He never paused to get the Bank of England, his beloved and disgraced Financial Services Authority (FSA) nor his army of foolish fiscal mandarins to check the balance sheet of beggarly HBOS. Nor did Lloyds do much checking, in their haste to grab the McBroon billions in bribes if they saved his skin.
Ten billion quid is a lot of money and that’s what Lloyds will have to write off having found toxic assets in HBOS. It was comeuppance week for the British bankers when they trotted along to Westminster to say sorry for fouling up the world economy and wrecking the lives of millions.
They said it wasn’t their fault though…implying that that the FSA, operating the light touch” governance of McBroon for a decade or so, had not rapped their knuckles or threatened to downgrade the chateau wine at their next cosy luncheon..
So where to now for cash-strapped Brits, whose property assets and pensions are worth a third less than they thought and the markets that govern the prices are in total disarray and unlikely to show any growth for years to come, according to some pundits.
Think Spain, where the banks were banned from getting involved with American trailer trash mortgages, are still reporting good profits and have plenty of cash waiting for mortgage applicants. They also have the best interest rates for savers with one deal from La Caixa at 6% on 12 month call, being over-subscribed by a long way.
The Spanish banks also have a growing supply of repossession homes at up to 50% below current valuation and they can be purchased from specialist broker http://www.propertyinspain.net/ often with low cost subrogated mortgages built-in.
It’s an obvious way out of the crazy world of the McBroons, who seem to turn everything they touch into a solidifying rock bottom of common sense and diligence.
It seems few of the McBroons have actually run anything remotely commercial in their lives. If UK PLC was a commercial undertaking it would be going bust about this time and the McBroons would be collecting their redundancy payments and handing back the keys to the limo.
Having forced Lloyds Bank into a shotgun marriage with busted HBOS, McBroon preened how single-handedly he’d saved British banking and trotted off to meet the more sensible leaders of other countries to “lead the world out of recession”.
He never paused to get the Bank of England, his beloved and disgraced Financial Services Authority (FSA) nor his army of foolish fiscal mandarins to check the balance sheet of beggarly HBOS. Nor did Lloyds do much checking, in their haste to grab the McBroon billions in bribes if they saved his skin.
Ten billion quid is a lot of money and that’s what Lloyds will have to write off having found toxic assets in HBOS. It was comeuppance week for the British bankers when they trotted along to Westminster to say sorry for fouling up the world economy and wrecking the lives of millions.
They said it wasn’t their fault though…implying that that the FSA, operating the light touch” governance of McBroon for a decade or so, had not rapped their knuckles or threatened to downgrade the chateau wine at their next cosy luncheon..
So where to now for cash-strapped Brits, whose property assets and pensions are worth a third less than they thought and the markets that govern the prices are in total disarray and unlikely to show any growth for years to come, according to some pundits.
Think Spain, where the banks were banned from getting involved with American trailer trash mortgages, are still reporting good profits and have plenty of cash waiting for mortgage applicants. They also have the best interest rates for savers with one deal from La Caixa at 6% on 12 month call, being over-subscribed by a long way.
The Spanish banks also have a growing supply of repossession homes at up to 50% below current valuation and they can be purchased from specialist broker http://www.propertyinspain.net/ often with low cost subrogated mortgages built-in.
It’s an obvious way out of the crazy world of the McBroons, who seem to turn everything they touch into a solidifying rock bottom of common sense and diligence.
It seems few of the McBroons have actually run anything remotely commercial in their lives. If UK PLC was a commercial undertaking it would be going bust about this time and the McBroons would be collecting their redundancy payments and handing back the keys to the limo.
10 October 2008
Tax cashback, not pass the parcel
So after a week of the governmernt stuffing billions into banks and public bodies stuffing millions into busted banks in Iceland, the Great British Public remains unimpressed, passive and sitting on their collective hands as McBroon & Co’s revival of the Rocky Horror Show heads towards the final curtain.
Folks cannot believe that a Government will hand out taxpayers’ money to mismanaged banks, who will then refuse to lend it back to taxpayers to spend on houses, cars and flatscreen tellies – the sort of buying needed to kickstart the economy.
That’s a kind of “pass the parcel” party game, where the kid grasping the parcel when the music stops gets to keep it. The banks are certainly not letting go even as the music plays on…
Stop the game and solve the problem right now. If McBroon were to order the banks to transfer £6,000 into everybody’s bank account at a reasonable rate of interest, people would rush out and buy something at Argus, John Lewis or Dagenham Motors. Others might add the cashback to their kitty for a new house or, whisper it, buy a few shares for a rainy day.
Some Brits might spend some of their cashback at Iceland or Hamleys, as both are apparently owned by companies in busted Iceland – on condition that country hands back the millions of UK council tax funds lock-up in the country’s frozen bank accounts.
If the British banks can’t get their act together, the sensible general public should be given the chance of spending their own money, stealthed away from them over years by McBroon.
That would free up the economy in time for a bonanza Christmas.
Then when the money’s spent, we can all head off to Spain where there are now enough affordable bargain homes for everybody tired of the halfwits running Britain and its failed institutions. At least in Spain there are no signs of failing banks because the Bank of Spain kept them under a tight rein and savings are covered by an unlimited Government guarantee…
Folks cannot believe that a Government will hand out taxpayers’ money to mismanaged banks, who will then refuse to lend it back to taxpayers to spend on houses, cars and flatscreen tellies – the sort of buying needed to kickstart the economy.
That’s a kind of “pass the parcel” party game, where the kid grasping the parcel when the music stops gets to keep it. The banks are certainly not letting go even as the music plays on…
Stop the game and solve the problem right now. If McBroon were to order the banks to transfer £6,000 into everybody’s bank account at a reasonable rate of interest, people would rush out and buy something at Argus, John Lewis or Dagenham Motors. Others might add the cashback to their kitty for a new house or, whisper it, buy a few shares for a rainy day.
Some Brits might spend some of their cashback at Iceland or Hamleys, as both are apparently owned by companies in busted Iceland – on condition that country hands back the millions of UK council tax funds lock-up in the country’s frozen bank accounts.
If the British banks can’t get their act together, the sensible general public should be given the chance of spending their own money, stealthed away from them over years by McBroon.
That would free up the economy in time for a bonanza Christmas.
Then when the money’s spent, we can all head off to Spain where there are now enough affordable bargain homes for everybody tired of the halfwits running Britain and its failed institutions. At least in Spain there are no signs of failing banks because the Bank of Spain kept them under a tight rein and savings are covered by an unlimited Government guarantee…
4 October 2008
Spain beckons as Britain banks on Lord Sleaze
When Governments throw taxpayers' billions into a bubbling toxic economic cauldron in the hope of rectifying their mistakes and then find their elixir provides no respite for their hard-pressed citizens, which way next is an obvious question.
While
He lost the bra wars with
Faced with that unrealistic prospect many Brits will be deciding to take their futures elsewhere and, as always, that sunny, friendly place called
There are enough Spain-bound planes each day to make the Berlin Airlift pale into insignificance and as removal van men have no work in Britain because nobody’s buying, they will be happy to have a few days along the Med shuttling Brits’ chattels into very affordable modern homes.
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