RE: Jeffrey files22 Dec 2025 12:17
That's completely incorrect and if I may say a bit creepy.
The bank rescue organised by European Govs etc stabilised the interconnected banking system and therefore property assets. If you recall property asset prices were in free fall because banks were insolvent and couldn't lend or sell mortgages. Property and development land prices were only worth cash . The number of cash buyers was tiny . Some property assets were only worth 10% of pre bank prices.
Then austerity happened. Banks rescued by tax payer, national debt, cuts to services, the cancellation of the logical cheap clean energy build, future debt applied to unborn generations, etc
The builders especially Jeffrey and David paid themselves corrupt ignorant undeserved bonuses.
The tax payer should have placed property asset owners on a pay back plan. The SP then wouldn't have increased!
If this had happened the government could have built the cheap clean energy and millions of pensioners , families etc wouldn't be in energy poverty or sold their gold to try make ends meet.
Previous Govs in previous generations would have built the energy. There is a larger problem that democratically elected politicians try to use this fact to defend bailing out their own property assets , related businesses, or senior lobbyists banking/property assets. Yes they were democratically elected but they weren't elected to do that!
Jeffrey spoke very ignorantly to the BBC which cannot be excused. It's not for him or his lawyers to say his behaviour was not completely out of line.
The country could have done a lot better than bail out JF and DJ, Travis Perkins directors, bank chiefs, tax avoiding landlords ( or dubious lawyers who act for them ×)