European Commission Advises Booming Britain to Burst Housing Market and Collapse UK Economy
Politics / UK Housing Jun 03, 2014 - 05:45 PM GMTBy: Nadeem_Walayat
The clueless academics employed by the European Commission's political elite of the euro-zone, who for the glory of power over the european people are hell bent on driving much of the european union into the abyss of a socialist utopia where the masses own and earn nothing but become wholly reliant on ECB central bank money printing funded government hand outs as bought and paid for vested interests in exchange for votes for career european union politicians who have nothing in common with their electorates, today have been busy issuing advice to the one Island of Independence on a continent of conformity as to how Britain should ruin its booming economy.
European Commission Advises Britain to Ruin Its Economy
In summary the EC recommends Britain burst its property market, collapse its economy and thus there will no longer be an immigration problem that prompts votes for UKIP as european workers would return to their home nations in receipt of ECB hand outs.
Excerpted from "How to Ruin an Economy".
HEREBY RECOMMENDS that the United Kingdom take action within the period 2014-2015
to:
1. Reinforce the budgetary strategy, endeavouring to correct the excessive deficit in a sustainable manner in line with the Council recommendation under the Excessive Deficit Procedure. Pursue a differentiated, growth-friendly approach to fiscal tightening by prioritising capital expenditure. To assist with fiscal consolidation, consideration should be given to raising revenues through broadening the tax base. Address structural bottlenecks related to infrastructure, skills mismatches and access to finance for SMEs to boost growth in the export of both goods and services.
2. Increase the transparency of the use and impact of macro-prudential regulation in respect of the housing sector by the Bank of England's Financial Policy Committee. Deploy appropriate measures to respond to the rapid increases in property prices in areas that account for a substantial share of economic growth in the United Kingdom, particularly London, for example by adjusting the Help to Buy 2 scheme and mitigate risks related to high mortgage indebtedness. Remove distortions in property taxation by regularly updating the valuation of property and reduce the regressivity of the band and rates within the council tax system. Continue efforts to increase the supply of housing.
3. Maintain commitment to the Youth Contract, especially by improving skills that meet employer needs. Ensure employer engagement by placing emphasis on addressing skills mismatches through more advanced and higher level skills provision and furthering apprenticeship offers. Reduce the number of young people with low basic skills.
4. Continue efforts to reduce child poverty in low-income households, by ensuring that the Universal Credit and other welfare reforms deliver adequate benefits with clear work incentives and support services. Improve the availability of affordable quality childcare.
5. Continue efforts to improve the availability of bank and non-bank financing to SMEs. Ensure the effective functioning of the Business Bank and support an increased presence of challenger banks.
6. Follow up on the National Infrastructure Plan by increasing the predictability of the planning processes as well as providing clarity on funding commitments. Ensure transparency and accountability by providing consistent and timely information on the implementation of the Plan.
Done at Brussels,
For the Council
The President
Britain's Booming Economy
Britain's economy is literally booming with the academic economists that are liberally regurgitated in the mainstream press being busy revising Britains growth prospects up towards and some above 3% GDP, this whilst the euro-zone economy is actually slowing from an already poor level to stand at an annualised rate of just 0.8% with prospects of an continuing economic depression and even possible price deflation for many member states given a collective inflation rate of CPI 0.5%.
My in-depth analysis of the UK housing market which included a UK GDP growth forecast concluded in the following expectation for 2014-
30 Dec 2013 - UK House Prices Forecast 2014 to 2018, The Debt Fuelled Election Boom
Economic Growth Forecast 2013-2015
Therefore in terms of my economic growth conclusion, I expect the UK economy to at least attain a growth rate of 3.6% for 2014 and target 3.8% for Q1 2015 with a strong possibility of achieving the holy grail for election victories of announcing during the election campaign of 2015 that the UK economy at that time was growing at 4% per annum. Furthermore post election I expect that an over heating UK economy to slow as it dips back towards 3% over subsequent quarters of 2015.
Britain's economy has now entered the goldilocks zone of strong growth coupled with low official inflation that helps sedate the voting public into a mood of irrational exuberance. The economic data is inline with my forecast expectations for the UK economy to attain the holy grail of an 4% annual growth rate by the time of the next general election which with a year left to go literally sows the seeds for an outright conservative election victory.
Another illustration of the huge and growing gap between a booming Britain and a euro-zone in depression are the unemployment rates, where despite out of control rampant immigration that has been sucking in job seekers right across the euro-zone, UK unemployment continues to tumble to currently stand at 6.8% which is set against an Euro-zone average unemployment rate of 11.7% and far worse in many states such as the 25% economic collapse rates in Spain and Greece, with youth unemployment at an revolution inducing near 60% that without ECB Euro single currency money printing backing would by now be experiencing an hyperinflationary collapse if they had their own domestic currencies to print.
It appears the euro-crats fear an increasingly UKIP independant Britain not only because the people of Britain appear determined to force our corrupt and inept politicians to put Britain on the path towards an exit from the European Union but that Britain acts as a lightening rod around which other western euro-zone member states are clustering as their populations also start to demand freedom from the Euro-crat dictatorship that ultimately risks a break-up of the euro-zone and then the european union, leaving behind a rump of eastern european begging bowl states.
The bottom line is that the european union is inefficient and corrupt as like a reverse Midas it turns everything it turns from gold into brown stuff, it lumbers businesses with regulations that force them to under perform and under employ as most recently illustrated by the madness of allowing fellow european union criminals to have records of their crimes deleted from search engines and online directories such as Google.
Why UK House Prices are Rising
It makes one wonder the magnitude of the detachment between those at the European Commission and the member states if they thought that their recommendations of bursting the UK property market would ever be seriously considered. For the REAL reason why UK house prices are soaring into the stratosphere is because of INCOMPETENT and corrupt European Union institutions such as the European Commission that have destroyed large areas of the Euro-zone economy thus triggering approx 400,000 workers and their families per year to seek to migrate to the UK thus forcing UP UK HOUSE PRICES!
The sooner Britain exits from the European Union the better because these fools at the European Commission are DANGEROUS! They live in a fantasy land where their actions will DESTROY the continent and Britain along with it if we are still connected to its institutions at that time.
For more on the prospects for the UK economy and house prices over the next 5 years see the New UK Housing Market Ebook available for FREE DOWNLOAD (Only requirement is a valid email address).
New Housing Market Ebook - FREE DOWNLOAD
The housing market ebook of over 300 pages comprises four main parts :
1. U.S. Housing Market Analysis and Trend Forecast 2013-2016 - 27 pages
The US housing market analysis and concluding trend forecast at the start of 2013 acted as a good lead exercise for the subsequent more in-depth analysis of the UK housing market.
2. U.K. Housing Market Analysis and House Prices Forecast 2014-2018 - 107 pages
The second part comprises the bulk of analysis that concludes in several detailed trend forecasts including that for UK house prices from 2014 to 2018 and their implications for the outcome of the next General Election (May 2015) as well as the Scottish Referendum.
3. Housing Market Guides - 138 Pages
Over 1/3rd of the ebook comprises of extensive guides that cover virtually every aspect of the process of buying, selling and owning properties, including many value increasing home improvements continuing on in how to save on running and repair costs with timely maintenance tasks and even guides on which value losing home improvements should be avoided.
- What Can You Afford to Buy?
- Home Buyers Guide
- Home Sellers Guide
- Top 15 Value Increasing Home Improvements
- Home Improvements to Avoid
- Home Winter Weather Proofing 22 Point Survey
These guides will further be supplemented from Mid 2014 onwards by a series of online videos and regularly updated calculators such as the Home Buying Profit and Loss Calculator, which will seek to give calculations on whether to buy or rent based on personal individual circumstances, that will be updated to include the latest expected trend trajectories for future house price inflation i.e. you will have your own personal house price forecast.
4. Historic Analysis 2007 to 2012 - 40 pages
A selection of 10 historic articles of analysis to illustrate the process of analysis during key stages of the housing markets trend from the euphoric bubble high, to a state of denial as house prices entered a literal free fall, to the depths of depression and then emergence of the embryonic bull market during 2012 that gave birth to the bull market proper of 2013.
FREE DOWNLOAD (Only requirement is a valid email address)
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By Nadeem Walayat
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Nadeem Walayat has over 25 years experience of trading derivatives, portfolio management and analysing the financial markets, including one of few who both anticipated and Beat the 1987 Crash. Nadeem's forward looking analysis focuses on UK inflation, economy, interest rates and housing market. He is the author of five ebook's in the The Inflation Mega-Trend and Stocks Stealth Bull Market series that can be downloaded for Free.
Nadeem is the Editor of The Market Oracle, a FREE Daily Financial Markets Analysis & Forecasting online publication that presents in-depth analysis from over 1000 experienced analysts on a range of views of the probable direction of the financial markets, thus enabling our readers to arrive at an informed opinion on future market direction. http://www.marketoracle.co.uk
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