Letters to the Editor


Any electoral reform should ensure fairness to the


English, complex issues of prime and sub-prime Discuss industry topics, respond to letters, or start new discussions


Boulger for FSA chair Sir, Ray’s analysis of the budget was as always, spot on! Why doesn’t he run the FSA? Ray is one of the very few “Experts” who actually knows what he is talking about and who is respected by everyone in the financial industry.


Arthur Sansam Tom French & Associates Ltd Devon and Cornwall


Hector “big mouth” Sants should educate the public not bash brokers Sir,


The FSA abolishment doesn’t appear to be an abolishment at all – rather a rebrand. Why is it, we have this culture of completely messing up and crashing to ground, weeping over what we should have done and when we eventually get up, we forget about what just happened? Hector, shut up! Whilst I agreed with FSA’s


initial approach, lately, they’ve gone like the former US premier - bonkers; a reality check is due. Having regulations too strict will not only divert


professionals’ focus from service to compliance, there will be more professionals suspecting every customer is a thief and worst, people leaving the trade. In which case we’re all jacked. Ask your 16 year old, what he knows about finance – nothing. I was reading a recent article about parents wanting schools to teach children about finance.


Rather than bashing the financial services, I


think Hector Sants would do society more service by educating the public about finance. The


Letters to the editor are welcome and may be edited for publication. Write to the address on page 3 or email nia@thepublishinggroup.co.uk


Letter of the month


A Budget well done Sir,


I read with interest Ray Boulger’s Budget analysis on the Mortgage Introducer website. A good balanced view from Ray and I believe Osborne’s Budget was well balanced and presented and it had fairness in its core message as well as doing ‘what has to be done’. As I sat and watched George Osborne’s speech on the TV, it struck me that he has ‘come of age’ and that this was a budget presented by someone who many considered a light weight but who was showing how articulate and informed he was - not only about the necessity of ‘what has to be done’ to satisfy international markets and rating agencies, but how deeply he was as a modern, one-nation Tory as well. This was “we are all in it together” with a social conscience to try to mitigate against the pain for the poorest in society in an austerity Budget.


For this Budget was not about dogma, it was about sensible outcomes, not least of all making a start in rebalancing the UK economy into a wealth creating nation rather than a state spending one that was and remains unsustainable. David Cameron talked during the election campaign - which was rubbished by the left - about the need to ensure that our regions are not just for state run jobs. The emphasis has to bring about regional growth in profit-making private industry that contributes to the economic well being of the UK.


I was pleased to see in this Budget moves to do just that. It will of course take time, but at least it is moving in the right direction. Well done George on your first Budget... keep it going, as I am sure you will, in order that our country can be restored to prosperity.


Danny Lovey Sole broker (soon to be retired) Basildon Essex


knowledge gap has never been greater. It is after all, one of FSA’s key remits to promote public confidence in finance. Well how about we see it work then Big Mouth Sants? Get on with it.


And I don’t want you in the Bank of England, you will probably cause turmoil there as well, so stay away mate.


Name and address supplied


mortgage introducer JULY 2010 21


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