Durham County Council to consider building homes for sale and private rent on land it owns

Darlington and Stockton Times: Durham CC: to mull over house-building plan Durham CC: to mull over house-building plan

A COUNCIL in the North-East may turn developer in a bid to increase the number of homes for sale or rent.

Labour-run Durham County Council is looking at the possibility of building on land it owns to boost the county’s housing market.

Officials think there is a need for more properties at market rents and sale prices as house building has showed during the economic downturn to less than 1,000 completions a year.

They say the scheme could raise capital and rental income for the authority, which is having to cut its spending because of the squeeze on public sector finance.

The council is believed to be the first North-East authority to consider such a move.

Next Wednesday (December 18) the council’s cabinet will be recommended to examine the idea in further detail.

A report by the council’s corporate management team stresses that the plan is not about building social or affordable housing.

It says the council owns land in an areas that would be attractive to tenants and homeowners.

Although it does not identify them they would be close to town centres, where the housing market is considered to be relatively strong.

The report says that the setting up of an arms-length company is thought by officials to be the best way of carrying out the plan.

Councillors will also be told that the county’s private rental sector has increased over the past decade while there has been a slight dip in owner occupation.

Corporate management team member Eddie Tomlinson, cabinet member for housing and rural issues, said: “In light of evidence showing slow progress in coming out of the economic downturn in 2009, this is an exciting opportunity to assist the recovery of the housing market in County Durham.

“We need a range of housing for rent and sale in the county and this initiative will help to deliver it.

“These are only proposals at the moment and exact details are still to be finalised.”

The report recommends that the cabinet agrees to the setting-up of a project board to explore the idea and calls for the production of a detailed business plan.

Comments (27)

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9:41pm Tue 10 Dec 13

spangle32 says...

Where are the council going to build these affordable homes then eh ! just interested ,Are they going to build on the green aress on existing estate to create ghetto style areas in the towns to keep the " problem families in one place," Away from private estates where there a a lot of council owned open space , Can you image the letters of objection if they. Watch this space for the objection,
Where are the council going to build these affordable homes then eh ! just interested ,Are they going to build on the green aress on existing estate to create ghetto style areas in the towns to keep the " problem families in one place," Away from private estates where there a a lot of council owned open space , Can you image the letters of objection if they. Watch this space for the objection, spangle32

5:23am Wed 11 Dec 13

55 says...

why don't they just take the houses from private landlords who are leaving their properties empty for vandalls to ruin then that would tidy up the streets other people are living in
why don't they just take the houses from private landlords who are leaving their properties empty for vandalls to ruin then that would tidy up the streets other people are living in 55

9:54am Wed 11 Dec 13

The Grim North says...

DCC shouldn't be allowed to set up any kind of company after the mess they left with Premier Waste Management.
DCC shouldn't be allowed to set up any kind of company after the mess they left with Premier Waste Management. The Grim North

10:41am Wed 11 Dec 13

Copley23 says...

They sold 'our' council houses off to inept HA's at a ridiculously low price and then expect us to pick up the tab for this as well.

Well maybe they have worked out at last how much land is being 'sat' on by developers and realise they can do very very little about it eh?

Shot themselves in the foot here methinx.
They sold 'our' council houses off to inept HA's at a ridiculously low price and then expect us to pick up the tab for this as well. Well maybe they have worked out at last how much land is being 'sat' on by developers and realise they can do very very little about it eh? Shot themselves in the foot here methinx. Copley23

11:46am Wed 11 Dec 13

sineater says...

Royal mail was sold off at a ridiculous low price as well,must be catching !!
Royal mail was sold off at a ridiculous low price as well,must be catching !! sineater

12:25pm Wed 11 Dec 13

loan_star says...

sineater wrote:
Royal mail was sold off at a ridiculous low price as well,must be catching !!
Just like Gordon Browns gold reserves eh Sineater!
[quote][p][bold]sineater[/bold] wrote: Royal mail was sold off at a ridiculous low price as well,must be catching !![/p][/quote]Just like Gordon Browns gold reserves eh Sineater! loan_star

2:34pm Wed 11 Dec 13

Blankface says...

loan_star wrote:
sineater wrote:
Royal mail was sold off at a ridiculous low price as well,must be catching !!
Just like Gordon Browns gold reserves eh Sineater!
You muppet, Gordon Browns selling of the gold is what saved our economy after the banks ruined its. Yes the banks.
[quote][p][bold]loan_star[/bold] wrote: [quote][p][bold]sineater[/bold] wrote: Royal mail was sold off at a ridiculous low price as well,must be catching !![/p][/quote]Just like Gordon Browns gold reserves eh Sineater![/p][/quote]You muppet, Gordon Browns selling of the gold is what saved our economy after the banks ruined its. Yes the banks. Blankface

2:57pm Wed 11 Dec 13

settheworldonfire says...

Looks like all areas are going to be affected....Why do we all not vote these muppets out at the next elections...They are ruining this once proud county....
Cash going to be wasted again setting up committees and PROJECT BOARDS...JUST ANOTHER EXCUSE FOR ALL THESE LEECHES...WHOOPS I MEAN COUNCILORS TO GET ON ANOTHER MEMBERS BOARD....
Looks like all areas are going to be affected....Why do we all not vote these muppets out at the next elections...They are ruining this once proud county.... Cash going to be wasted again setting up committees and PROJECT BOARDS...JUST ANOTHER EXCUSE FOR ALL THESE LEECHES...WHOOPS I MEAN COUNCILORS TO GET ON ANOTHER MEMBERS BOARD.... settheworldonfire

3:20pm Wed 11 Dec 13

roaduser98 says...

spangle32 wrote:
Where are the council going to build these affordable homes then eh ! just interested ,Are they going to build on the green aress on existing estate to create ghetto style areas in the towns to keep the " problem families in one place," Away from private estates where there a a lot of council owned open space , Can you image the letters of objection if they. Watch this space for the objection,
YES EXACTLY WHAT THEY ARE DOING NOW.
[quote][p][bold]spangle32[/bold] wrote: Where are the council going to build these affordable homes then eh ! just interested ,Are they going to build on the green aress on existing estate to create ghetto style areas in the towns to keep the " problem families in one place," Away from private estates where there a a lot of council owned open space , Can you image the letters of objection if they. Watch this space for the objection,[/p][/quote]YES EXACTLY WHAT THEY ARE DOING NOW. roaduser98

3:26pm Wed 11 Dec 13

roaduser98 says...

In case you missed what is happening around the old Sedgefield borough area a (charitable) company called Livin is building affordable homes all around Aycliffe Ferryhill etc and surprise surprise Livin is part of DURHAM COUNTY COUNCIL. Similar situation as Premier waste.
In case you missed what is happening around the old Sedgefield borough area a (charitable) company called Livin is building affordable homes all around Aycliffe Ferryhill etc and surprise surprise Livin is part of DURHAM COUNTY COUNCIL. Similar situation as Premier waste. roaduser98

3:31pm Wed 11 Dec 13

roaduser98 says...

settheworldonfire wrote:
Looks like all areas are going to be affected....Why do we all not vote these muppets out at the next elections...They are ruining this once proud county....
Cash going to be wasted again setting up committees and PROJECT BOARDS...JUST ANOTHER EXCUSE FOR ALL THESE LEECHES...WHOOPS I MEAN COUNCILORS TO GET ON ANOTHER MEMBERS BOARD....
Its an almost impossible task to get rid of Labour councillors in County Durham they all look after each others backsides. They have managed to keep the Blair legacy running regardless of what people think about their management of council monies. (and cronies)
[quote][p][bold]settheworldonfire[/bold] wrote: Looks like all areas are going to be affected....Why do we all not vote these muppets out at the next elections...They are ruining this once proud county.... Cash going to be wasted again setting up committees and PROJECT BOARDS...JUST ANOTHER EXCUSE FOR ALL THESE LEECHES...WHOOPS I MEAN COUNCILORS TO GET ON ANOTHER MEMBERS BOARD....[/p][/quote]Its an almost impossible task to get rid of Labour councillors in County Durham they all look after each others backsides. They have managed to keep the Blair legacy running regardless of what people think about their management of council monies. (and cronies) roaduser98

3:40pm Wed 11 Dec 13

roaduser98 says...

Where does the money suddenly appear from to fund this development venture?
A perfect match would appear to be the performance of so called Planning Officers. Who it would appear, have no idea about planning but are very adept at assisting developers with building houses for which. Thinford at Spennymoor is a very good example of planning officers are on another planet when contemplating new developments. The housing development on the old Thorn factory is also taking a long time to sell any houses it would appear.
Where does the money suddenly appear from to fund this development venture? A perfect match would appear to be the performance of so called Planning Officers. Who it would appear, have no idea about planning but are very adept at assisting developers with building houses for which. Thinford at Spennymoor is a very good example of planning officers are on another planet when contemplating new developments. The housing development on the old Thorn factory is also taking a long time to sell any houses it would appear. roaduser98

3:46pm Wed 11 Dec 13

roaduser98 says...

They have closed leisure centers, limited library hours etc to save money and by magic they have found a stash with which to develop new housing. There must be a motive/link between this demand for housing and the increase in revenue (poll tax maybe) from the new housing / shopping developments.
They have closed leisure centers, limited library hours etc to save money and by magic they have found a stash with which to develop new housing. There must be a motive/link between this demand for housing and the increase in revenue (poll tax maybe) from the new housing / shopping developments. roaduser98

3:50pm Wed 11 Dec 13

roaduser98 says...

Quote:
Next Wednesday (December 18) the council’s cabinet will be recommended to examine the idea in further detail.
Another done deal then??
Desperate councillors who couldn't give a monkeys about people are looking for what the can get from this 'IDEA'.
Quote: Next Wednesday (December 18) the council’s cabinet will be recommended to examine the idea in further detail. Another done deal then?? Desperate councillors who couldn't give a monkeys about people are looking for what the can get from this 'IDEA'. roaduser98

3:53pm Wed 11 Dec 13

roaduser98 says...

spangle32 wrote:
Where are the council going to build these affordable homes then eh ! just interested ,Are they going to build on the green aress on existing estate to create ghetto style areas in the towns to keep the " problem families in one place," Away from private estates where there a a lot of council owned open space , Can you image the letters of objection if they. Watch this space for the objection,
Quote:
A report by the council’s corporate management team stresses that the plan is not about building social or affordable housing.
Nuff said.
[quote][p][bold]spangle32[/bold] wrote: Where are the council going to build these affordable homes then eh ! just interested ,Are they going to build on the green aress on existing estate to create ghetto style areas in the towns to keep the " problem families in one place," Away from private estates where there a a lot of council owned open space , Can you image the letters of objection if they. Watch this space for the objection,[/p][/quote]Quote: A report by the council’s corporate management team stresses that the plan is not about building social or affordable housing. Nuff said. roaduser98

3:56pm Wed 11 Dec 13

The Grim North says...

Blankface wrote:
loan_star wrote:
sineater wrote: Royal mail was sold off at a ridiculous low price as well,must be catching !!
Just like Gordon Browns gold reserves eh Sineater!
You muppet, Gordon Browns selling of the gold is what saved our economy after the banks ruined its. Yes the banks.
Hopefully you aren't eligible to vote yet.
[quote][p][bold]Blankface[/bold] wrote: [quote][p][bold]loan_star[/bold] wrote: [quote][p][bold]sineater[/bold] wrote: Royal mail was sold off at a ridiculous low price as well,must be catching !![/p][/quote]Just like Gordon Browns gold reserves eh Sineater![/p][/quote]You muppet, Gordon Browns selling of the gold is what saved our economy after the banks ruined its. Yes the banks.[/p][/quote]Hopefully you aren't eligible to vote yet. The Grim North

4:39pm Wed 11 Dec 13

loan_star says...

The Grim North wrote:
Blankface wrote:
loan_star wrote:
sineater wrote: Royal mail was sold off at a ridiculous low price as well,must be catching !!
Just like Gordon Browns gold reserves eh Sineater!
You muppet, Gordon Browns selling of the gold is what saved our economy after the banks ruined its. Yes the banks.
Hopefully you aren't eligible to vote yet.
Nothing like a leftie rewriting history!! The gold reserves were sold off cheaply years before the banking crisis. Now whos the muppet no blankface? Or should your name be blankbrain?
[quote][p][bold]The Grim North[/bold] wrote: [quote][p][bold]Blankface[/bold] wrote: [quote][p][bold]loan_star[/bold] wrote: [quote][p][bold]sineater[/bold] wrote: Royal mail was sold off at a ridiculous low price as well,must be catching !![/p][/quote]Just like Gordon Browns gold reserves eh Sineater![/p][/quote]You muppet, Gordon Browns selling of the gold is what saved our economy after the banks ruined its. Yes the banks.[/p][/quote]Hopefully you aren't eligible to vote yet.[/p][/quote]Nothing like a leftie rewriting history!! The gold reserves were sold off cheaply years before the banking crisis. Now whos the muppet no blankface? Or should your name be blankbrain? loan_star

5:12pm Wed 11 Dec 13

roaduser98 says...

Labour-run Durham County Council is looking at the possibility of building on land it owns to boost the county’s housing market.
Who 'owns Durham County Council'???
Like the Vision statement claims " Making a Difference where you live" That is certainly true around here but the missing words are 'is it for the better or worse'
Labour-run Durham County Council is looking at the possibility of building on land it owns to boost the county’s housing market. Who 'owns Durham County Council'??? Like the Vision statement claims " Making a Difference where you live" That is certainly true around here but the missing words are 'is it for the better or worse' roaduser98

6:23pm Wed 11 Dec 13

roaduser98 says...

Question?
How much would an employer pay a clerk to the town council?? Well Ferryhill Councillors (residents) have 'loads a money' so they can afford £40,000 a year very nice financial reward for a pen pusher.
Question? How much would an employer pay a clerk to the town council?? Well Ferryhill Councillors (residents) have 'loads a money' so they can afford £40,000 a year very nice financial reward for a pen pusher. roaduser98

3:21pm Thu 12 Dec 13

sineater says...

Loan Star, The god reserves where sold under the direction of the I.M.F, to help adjust the market price of gold. The point about council houses being sold on the "cheap"
is maybe they were allowing for the amount of work that needed doing to them after many years of being starved of funds to maintain them.
Loan Star, The god reserves where sold under the direction of the I.M.F, to help adjust the market price of gold. The point about council houses being sold on the "cheap" is maybe they were allowing for the amount of work that needed doing to them after many years of being starved of funds to maintain them. sineater

8:19pm Thu 12 Dec 13

Jackaranda says...

Council's don't own any land, it belongs to the peeps!!
Council's don't own any land, it belongs to the peeps!! Jackaranda

9:37pm Thu 12 Dec 13

Blankface says...

loan_star wrote:
The Grim North wrote:
Blankface wrote:
loan_star wrote:
sineater wrote: Royal mail was sold off at a ridiculous low price as well,must be catching !!
Just like Gordon Browns gold reserves eh Sineater!
You muppet, Gordon Browns selling of the gold is what saved our economy after the banks ruined its. Yes the banks.
Hopefully you aren't eligible to vote yet.
Nothing like a leftie rewriting history!! The gold reserves were sold off cheaply years before the banking crisis. Now whos the muppet no blankface? Or should your name be blankbrain?
Gordon brown bailed out the banks by selling the gold you muppet. Or should that be A Muppet?
[quote][p][bold]loan_star[/bold] wrote: [quote][p][bold]The Grim North[/bold] wrote: [quote][p][bold]Blankface[/bold] wrote: [quote][p][bold]loan_star[/bold] wrote: [quote][p][bold]sineater[/bold] wrote: Royal mail was sold off at a ridiculous low price as well,must be catching !![/p][/quote]Just like Gordon Browns gold reserves eh Sineater![/p][/quote]You muppet, Gordon Browns selling of the gold is what saved our economy after the banks ruined its. Yes the banks.[/p][/quote]Hopefully you aren't eligible to vote yet.[/p][/quote]Nothing like a leftie rewriting history!! The gold reserves were sold off cheaply years before the banking crisis. Now whos the muppet no blankface? Or should your name be blankbrain?[/p][/quote]Gordon brown bailed out the banks by selling the gold you muppet. Or should that be A Muppet? Blankface

9:41pm Thu 12 Dec 13

Blankface says...

The Grim North wrote:
Blankface wrote:
loan_star wrote:
sineater wrote: Royal mail was sold off at a ridiculous low price as well,must be catching !!
Just like Gordon Browns gold reserves eh Sineater!
You muppet, Gordon Browns selling of the gold is what saved our economy after the banks ruined its. Yes the banks.
Hopefully you aren't eligible to vote yet.
Hopefully neither are you as we will have A Grim North.
[quote][p][bold]The Grim North[/bold] wrote: [quote][p][bold]Blankface[/bold] wrote: [quote][p][bold]loan_star[/bold] wrote: [quote][p][bold]sineater[/bold] wrote: Royal mail was sold off at a ridiculous low price as well,must be catching !![/p][/quote]Just like Gordon Browns gold reserves eh Sineater![/p][/quote]You muppet, Gordon Browns selling of the gold is what saved our economy after the banks ruined its. Yes the banks.[/p][/quote]Hopefully you aren't eligible to vote yet.[/p][/quote]Hopefully neither are you as we will have A Grim North. Blankface

3:44pm Sun 15 Dec 13

loan_star says...

Blankface wrote:
loan_star wrote:
The Grim North wrote:
Blankface wrote:
loan_star wrote:
sineater wrote: Royal mail was sold off at a ridiculous low price as well,must be catching !!
Just like Gordon Browns gold reserves eh Sineater!
You muppet, Gordon Browns selling of the gold is what saved our economy after the banks ruined its. Yes the banks.
Hopefully you aren't eligible to vote yet.
Nothing like a leftie rewriting history!! The gold reserves were sold off cheaply years before the banking crisis. Now whos the muppet no blankface? Or should your name be blankbrain?
Gordon brown bailed out the banks by selling the gold you muppet. Or should that be A Muppet?
You really need to check your facts before engaging your fingers with a keyboard. The gold reserves were sold long before the banking crisis.
[quote][p][bold]Blankface[/bold] wrote: [quote][p][bold]loan_star[/bold] wrote: [quote][p][bold]The Grim North[/bold] wrote: [quote][p][bold]Blankface[/bold] wrote: [quote][p][bold]loan_star[/bold] wrote: [quote][p][bold]sineater[/bold] wrote: Royal mail was sold off at a ridiculous low price as well,must be catching !![/p][/quote]Just like Gordon Browns gold reserves eh Sineater![/p][/quote]You muppet, Gordon Browns selling of the gold is what saved our economy after the banks ruined its. Yes the banks.[/p][/quote]Hopefully you aren't eligible to vote yet.[/p][/quote]Nothing like a leftie rewriting history!! The gold reserves were sold off cheaply years before the banking crisis. Now whos the muppet no blankface? Or should your name be blankbrain?[/p][/quote]Gordon brown bailed out the banks by selling the gold you muppet. Or should that be A Muppet?[/p][/quote]You really need to check your facts before engaging your fingers with a keyboard. The gold reserves were sold long before the banking crisis. loan_star

1:06pm Mon 16 Dec 13

Blankface says...

loan_star wrote:
Blankface wrote:
loan_star wrote:
The Grim North wrote:
Blankface wrote:
loan_star wrote:
sineater wrote: Royal mail was sold off at a ridiculous low price as well,must be catching !!
Just like Gordon Browns gold reserves eh Sineater!
You muppet, Gordon Browns selling of the gold is what saved our economy after the banks ruined its. Yes the banks.
Hopefully you aren't eligible to vote yet.
Nothing like a leftie rewriting history!! The gold reserves were sold off cheaply years before the banking crisis. Now whos the muppet no blankface? Or should your name be blankbrain?
Gordon brown bailed out the banks by selling the gold you muppet. Or should that be A Muppet?
You really need to check your facts before engaging your fingers with a keyboard. The gold reserves were sold long before the banking crisis.
When Gordon Brown sold the gold he bailed out the bank and in process avoided a banking crisis, clearly the banks never learned their lesson and it's also nice to know that you acknowledge it was a banking crisis but I'm on about when he sold the gold not the banking crisis.
[quote][p][bold]loan_star[/bold] wrote: [quote][p][bold]Blankface[/bold] wrote: [quote][p][bold]loan_star[/bold] wrote: [quote][p][bold]The Grim North[/bold] wrote: [quote][p][bold]Blankface[/bold] wrote: [quote][p][bold]loan_star[/bold] wrote: [quote][p][bold]sineater[/bold] wrote: Royal mail was sold off at a ridiculous low price as well,must be catching !![/p][/quote]Just like Gordon Browns gold reserves eh Sineater![/p][/quote]You muppet, Gordon Browns selling of the gold is what saved our economy after the banks ruined its. Yes the banks.[/p][/quote]Hopefully you aren't eligible to vote yet.[/p][/quote]Nothing like a leftie rewriting history!! The gold reserves were sold off cheaply years before the banking crisis. Now whos the muppet no blankface? Or should your name be blankbrain?[/p][/quote]Gordon brown bailed out the banks by selling the gold you muppet. Or should that be A Muppet?[/p][/quote]You really need to check your facts before engaging your fingers with a keyboard. The gold reserves were sold long before the banking crisis.[/p][/quote]When Gordon Brown sold the gold he bailed out the bank and in process avoided a banking crisis, clearly the banks never learned their lesson and it's also nice to know that you acknowledge it was a banking crisis but I'm on about when he sold the gold not the banking crisis. Blankface

10:18am Tue 17 Dec 13

Taxpaying Homeowner says...

Blankface wrote:
loan_star wrote:
Blankface wrote:
loan_star wrote:
The Grim North wrote:
Blankface wrote:
loan_star wrote:
sineater wrote: Royal mail was sold off at a ridiculous low price as well,must be catching !!
Just like Gordon Browns gold reserves eh Sineater!
You muppet, Gordon Browns selling of the gold is what saved our economy after the banks ruined its. Yes the banks.
Hopefully you aren't eligible to vote yet.
Nothing like a leftie rewriting history!! The gold reserves were sold off cheaply years before the banking crisis. Now whos the muppet no blankface? Or should your name be blankbrain?
Gordon brown bailed out the banks by selling the gold you muppet. Or should that be A Muppet?
You really need to check your facts before engaging your fingers with a keyboard. The gold reserves were sold long before the banking crisis.
When Gordon Brown sold the gold he bailed out the bank and in process avoided a banking crisis, clearly the banks never learned their lesson and it's also nice to know that you acknowledge it was a banking crisis but I'm on about when he sold the gold not the banking crisis.
The Gold was sold off by the Treasury between 1999 and 2002, don't try and merge his biggest fail together with his brilliant response to limit the Uk damage in the global banking crisis.

If spending hadn't been so rampant in the boom years, the country wouldn't have ran a deficit during that period and the good work the Brown did around saving Uk banks wouldn't have had such a major effect on the UK debt and austerity would not be as deep.
[quote][p][bold]Blankface[/bold] wrote: [quote][p][bold]loan_star[/bold] wrote: [quote][p][bold]Blankface[/bold] wrote: [quote][p][bold]loan_star[/bold] wrote: [quote][p][bold]The Grim North[/bold] wrote: [quote][p][bold]Blankface[/bold] wrote: [quote][p][bold]loan_star[/bold] wrote: [quote][p][bold]sineater[/bold] wrote: Royal mail was sold off at a ridiculous low price as well,must be catching !![/p][/quote]Just like Gordon Browns gold reserves eh Sineater![/p][/quote]You muppet, Gordon Browns selling of the gold is what saved our economy after the banks ruined its. Yes the banks.[/p][/quote]Hopefully you aren't eligible to vote yet.[/p][/quote]Nothing like a leftie rewriting history!! The gold reserves were sold off cheaply years before the banking crisis. Now whos the muppet no blankface? Or should your name be blankbrain?[/p][/quote]Gordon brown bailed out the banks by selling the gold you muppet. Or should that be A Muppet?[/p][/quote]You really need to check your facts before engaging your fingers with a keyboard. The gold reserves were sold long before the banking crisis.[/p][/quote]When Gordon Brown sold the gold he bailed out the bank and in process avoided a banking crisis, clearly the banks never learned their lesson and it's also nice to know that you acknowledge it was a banking crisis but I'm on about when he sold the gold not the banking crisis.[/p][/quote]The Gold was sold off by the Treasury between 1999 and 2002, don't try and merge his biggest fail together with his brilliant response to limit the Uk damage in the global banking crisis. If spending hadn't been so rampant in the boom years, the country wouldn't have ran a deficit during that period and the good work the Brown did around saving Uk banks wouldn't have had such a major effect on the UK debt and austerity would not be as deep. Taxpaying Homeowner

2:52pm Tue 17 Dec 13

A.Smith 71 says...

Blankface wrote:
loan_star wrote:
Blankface wrote:
loan_star wrote:
The Grim North wrote:
Blankface wrote:
loan_star wrote:
sineater wrote: Royal mail was sold off at a ridiculous low price as well,must be catching !!
Just like Gordon Browns gold reserves eh Sineater!
You muppet, Gordon Browns selling of the gold is what saved our economy after the banks ruined its. Yes the banks.
Hopefully you aren't eligible to vote yet.
Nothing like a leftie rewriting history!! The gold reserves were sold off cheaply years before the banking crisis. Now whos the muppet no blankface? Or should your name be blankbrain?
Gordon brown bailed out the banks by selling the gold you muppet. Or should that be A Muppet?
You really need to check your facts before engaging your fingers with a keyboard. The gold reserves were sold long before the banking crisis.
When Gordon Brown sold the gold he bailed out the bank and in process avoided a banking crisis, clearly the banks never learned their lesson and it's also nice to know that you acknowledge it was a banking crisis but I'm on about when he sold the gold not the banking crisis.
even me an uneducated traveller knows that the gold was sold off by brown as chancellor and it had nothing to do with saving the economy. it was sold because gold had been falling for a few years and brown saw it a good move to sell up and move the risk of holding onto 400+ tons of the stuff.
it was sold for about £2 billion and if he just left it as it was they could make about £15billion in todays market!
The funny thing is that once he sold up the price started to climb!! hmmm another good move by gordon, I be he done well out of the deal buying a substantial amount of bullion for himself!?

Now blankface who is the muppet on here? the person with no understanding or the person that answered you with facts?
[quote][p][bold]Blankface[/bold] wrote: [quote][p][bold]loan_star[/bold] wrote: [quote][p][bold]Blankface[/bold] wrote: [quote][p][bold]loan_star[/bold] wrote: [quote][p][bold]The Grim North[/bold] wrote: [quote][p][bold]Blankface[/bold] wrote: [quote][p][bold]loan_star[/bold] wrote: [quote][p][bold]sineater[/bold] wrote: Royal mail was sold off at a ridiculous low price as well,must be catching !![/p][/quote]Just like Gordon Browns gold reserves eh Sineater![/p][/quote]You muppet, Gordon Browns selling of the gold is what saved our economy after the banks ruined its. Yes the banks.[/p][/quote]Hopefully you aren't eligible to vote yet.[/p][/quote]Nothing like a leftie rewriting history!! The gold reserves were sold off cheaply years before the banking crisis. Now whos the muppet no blankface? Or should your name be blankbrain?[/p][/quote]Gordon brown bailed out the banks by selling the gold you muppet. Or should that be A Muppet?[/p][/quote]You really need to check your facts before engaging your fingers with a keyboard. The gold reserves were sold long before the banking crisis.[/p][/quote]When Gordon Brown sold the gold he bailed out the bank and in process avoided a banking crisis, clearly the banks never learned their lesson and it's also nice to know that you acknowledge it was a banking crisis but I'm on about when he sold the gold not the banking crisis.[/p][/quote]even me an uneducated traveller knows that the gold was sold off by brown as chancellor and it had nothing to do with saving the economy. it was sold because gold had been falling for a few years and brown saw it a good move to sell up and move the risk of holding onto 400+ tons of the stuff. it was sold for about £2 billion and if he just left it as it was they could make about £15billion in todays market! The funny thing is that once he sold up the price started to climb!! hmmm another good move by gordon, I be he done well out of the deal buying a substantial amount of bullion for himself!? Now blankface who is the muppet on here? the person with no understanding or the person that answered you with facts? A.Smith 71

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