3 thoughts on “Time, Cable, please!”

  1. Posted 26/04/2013 at 10:22 | Permalink

    Surely tied arrangements like this are just a form of franchise like, say, McDonalds? When you sign up to run a McDonalds you agree to supply the Big Mac and all its variants, to use the companys recipes and source your supplies from them. So does the ever-active Mr Cable want to interfere with this too?

  2. Posted 27/04/2013 at 22:32 | Permalink

    I would normally say that anything that saves our pubs is a good thing but, surely, the government has more pressing matters to attend to than this?

    I’m no fan of the “chain pubs” but it does seem to give people an easier route into the “running a pub” game.

    It does not seem to prevent them from setting up their own independent pub though which would allow them to set their own prices and select their own beers etc. if they have the funds to do this (although I realise that this is half the problem – most people don’t have the funds).

    The biggest threat to landlord livelihoods is actually the government themselves with their onerous tax takes on alcohol – a pint in the local is now a pretty expensive business so most people stay at home and buy alcohol from a shop or supermarket.

    Would suggest Cable does something about this or does nothing at all. Anything else seems to be more government meddling where they’re not needed, wanted or required.

  3. Posted 02/05/2013 at 12:47 | Permalink

    ”It is, indeed, interesting that Vince Cable spends much of his time trying to get banks to lend more money to small businesses.”

    Suddenly politicians have started to sing hymns in praise of ‘small business’. This newly acquired religious zeal for ‘small business’ cuts across centre-right and centre-left political divide. This is after more than a decade of courting big business aka big banks and big media.

    And where does it lead to? Vince Cable and those of his ilk wish to have a say in banks’ credit standards!

    Banks develop credit standards by using their historical knowledge of markets, products, customers and business cycles. They then use these credit standards to decide who to lend to, for what and how much. When they get it right they make profits and when they get it wrong they make losses. It is hoped that the better ones learn from the losses and improve their credit standards for future use.

    In all of the above, where does the government figure? What role does it have? Why should a government be telling banks who they should lend to? It cannot be that way in a free market system.

    Now if we as a society do not want free market or privately controlled banks then that is fine. In such a society the government can tell the banks who to lend to and can tell its citizens who to marry!

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