Definition of Balanced Growth:
“Balanced Growth refers to a specific type of economic growth that is sustainable in the long term. Balanced growth is opposed to the boom and bust nature of economic cycles.”
It was felt the UK had balanced growth between 1993 and 2007 – a long period of economic expansion and low inflation.
However, the credit crunch of 2007, showed the growth wasn’t as balanced as previously thought. Despite low inflation, there was a boom in bank lending and growth of credit. There was also a boom in house prices which got reversed from 2007.
So, why has EDDC chosen “economic growth” which is highly susceptible to boom and bust, particularly in the housing market, where a change in mortgage interest rates could lead many people into negative equity?
Can we trust that the low interest rates will keep low, with house prices still very high even allowing some systems are there to help to young buyers with such things as shared ownership, but if i was young i do not think i should take that chance.
Petrol prices are already on the rise again, how long did that last,
Our Councils are still allowing far to many Flats to be build, and not enough family houses at affordable prices .
How many of us have truly felt the same problems that the young family’s have felt, I myself have not, and many are better off then myself, they have not felt a thing, unless they are looking for a job which will pay enough to pay a high rent.
All we had was the problem of food going up in price, (which has come down a little) and the closing of care homes and social services, and untidiness of all grass verges along side all main roads, with lots of broken paving everywhere we go.
BUT NO WE WERE NOT ALL IN IT TOGETHER MR CAMERON. HAD YOU CARED A LITTLE, YOU WOULD NOW BE WALKING BACK INTO PARLIAMENT FOR ANOTHER 5 YEARS