National News

Vince Cable

Boris Johnson and Vince Cable trade barbs over resignation rumours

Foreign secretary's office responds firmly to Liberal Democrat leader's jibes about reports of disharmony in the Conservative cabinet A war of words between Boris Johnson and Vince Cable erupted on Sunday night after the new Liberal Democrat leader made reference to rumours that the foreign secretary might be about to resign. Johnson accused Cable of "peddling lies" about him after the Liberal MP criticised the alleged uncertainty surrounding the foreign secretary's position in government.

PG
31 Jul 2017
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D Train Prototype

Could this be a First? Recycling London Underground Trains.

Actually not. There's a well developed second-hand trade in refurbished or adapted locomotives and occasionally multiple unit sets. For example, in 1966 six 4-car sets and six 3-car sets of London Underground stock built in 1923 were converted for use on the Isle of Wight Line and again in 1989 nine 2-car sets of 1938 London Underground vintage stock was modified, refurbished and also put to use on the Isle of Wight.

31 Jul 2017
View
D Train Prototype

Could this be a First? Recycling London Underground Trains.

Actually not. There's a well developed second-hand trade in refurbished or adapted locomotives and occasionally multiple unit sets. For example, in 1966 six 4-car sets and six 3-car sets of London Underground stock built in 1923 were converted for use on the Isle of Wight Line and again in 1989 nine 2-car sets of 1938 London Underground vintage stock was modified, refurbished and also put to use on the Isle of Wight.

31 Jul 2017
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Rethinking economics of land and housing

Bankers threw Six out of every Seven Bail Out Pounds at Property Speculation

Dr Tony Vickers reviews a new book by Josh Ryan-Collns, Toby Lloyd and Laurie Macfarlane, "Rethinking the Economics of Land and Housing" . This is an indictment of wastful austerity policies amd throws a spotlight on the Conservative strategy of socialism for the rich, ruthess capitalism for the poor. Vickers summarizes his review with the strong recommendation "This book is not by Liberal Democrats but it ought to be read by every Lib Dem campaigner." It highlights how in the last quarter century, the share of total bank lending to real estate has almost doubled to nearly 50% while the share lending to companies that create real new wealth has shrunk to a mere 15%. The post-crash quantitative easing by the Bank of England exacerbated this: six pounds out of every seven has gone into reflating the property bubble via bank lending.

30 Jul 2017
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