Is the Labour Party having a negative effect on UK mortgages?

[Nicholas Wallwork]

Ed Miliband, the leader of the Labour Party, has today caused a reduction in the share price of Royal Bank of Scotland and Lloyds Bank creating a loss for taxpayers of around £1 billion over the last 24 hours. Despite the fact that the UK property market is going from strength to strength, mortgages are [...]

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[MikeOllington]

"With over 12 months until the next general election the likelihood is that Ed Miliband’s new banking policy will never see the light of day. It will attract the attention of voters, it will play on the public’s suspicion of the banking sector but will the public really appreciate loose talk from the opposition leader impacting public assets to the tune of £1 billion?"

An incisive article and well worth the read...Ed Milliband loves to attract the public's attention but at what cost? Financial and otherwise...anything that harms investment in this Country is not a good thing...

 

[totallyproperty]

Hi MikeOllington

I am glad you found the article interesting - no doubt you saw that one of the power companies came out today to confirm investment is being hit in this area because of Ed Miliband’s threat to cap energy prices.

While there is no doubt that something needs to be done to make the power sector more efficient, you cannot operate a free market and then place limits on prices, etc. Labour will soon find out that the more restrictions, the great perceived investment risk and the less inward investment by companies as their returns will reduce.

The moral of the story, you cannot have your cake and eat it!

Regards,


Mark