This is starting to get a little scary Page 361

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  • Khanivor 20 Aug 2012 18:06:39 40,853 posts
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    revan8 wrote:
    Problem in America and the UK is that the top earners can lobby the government where the average person cant in the same manner.
    Campaign funds = a say in how the country can be run.
    This is bang on the money.

    revan8 wrote:
    People who have a massive issue with all this should try a communist country, history has shown it works well -_-
    This is pants on head retarded.
  • Deleted user 20 August 2012 18:08:09
    One thing I would like to see change is make the 40% tax start point higher, perhaps 50,000 because I would argue if you make in the 40k range and had a family etc you need all the money you can get if you live in a city etc. I guess it all has to balance though so everything is paid for, you know like paying more than any country in the world for African aid.
  • Tom_Servo 21 Aug 2012 14:21:40 17,986 posts
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    Tax receipts go down, government has to borrow

    Sort of posting this because "deficit" is in the jargon-buster bit.
  • Dougs 21 Aug 2012 14:35:12 68,055 posts
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    Doesn't make good reading for old Gideon and Dave does it? It's becoming clear that their path isn't working at all. That may not be all their fault, but surely they have to consider something else....
  • Tom_Servo 21 Aug 2012 14:38:27 17,986 posts
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    It sounds simply remarkable:

    Borrowing to cover the gap between spending and revenue was 600m in July, the Office for National Statistics said. There was a surplus of 2.8bn in the same month a year earlier.

    Analysts suggest the government could end up borrowing about 30bn more than last year, when official forecasts had suggested borrowing would fall this year.
  • Deleted user 21 August 2012 14:45:35
    I would wait until next month before drawing too many conclusions, tax returns could be a month out which could narrow that gap.

    Stock markets don't seem to care less for some reason.
  • Psychotext 21 Aug 2012 16:59:05 54,309 posts
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    Aargh. wrote:
    Stock markets don't seem to care less for some reason.
    They've already assumed we're fucked and are working on that assumption. It's like when a company releases bad results but the share price goes up because they're not quite as bad as people feared. ;)
  • Khanivor 21 Aug 2012 19:25:58 40,853 posts
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    Seems to me that the state of the economy and the health of the stock market were divorced long ago.
  • Bremenacht 29 Aug 2012 20:46:55 18,459 posts
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    More trouble for Barclays.

    Can't see anything coming of it really.
  • sport 5 Sep 2012 12:34:41 12,758 posts
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    WORK GREECE, WORK!!!!

    /cracks whip

    http://www.guardian.co.uk/business/2012/sep/04/eurozone-six-day-week-greece
  • muttler 5 Sep 2012 13:03:01 4,064 posts
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    Jeez, all they need to do is to collect the taxes from the work thats done already.
  • Deleted user 5 September 2012 13:36:03
    A six day working week is pointless when unemployment is so high, no?
  • LeoliansBro 5 Sep 2012 13:40:16 44,419 posts
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    Yep, especially when one of the main problems is tax fraud.

    LB, you really are a massive geek.

  • mcmonkeyplc 5 Sep 2012 13:48:15 39,460 posts
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    Hold the fucking phone. I haven't read that yet but goes against the commissions own working time directive doesn't it?

    Come and get it cumslingers!

  • mcmonkeyplc 5 Sep 2012 13:51:30 39,460 posts
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    After reading it, that headline is just *SHOCK* attention grabbing.

    "Measure: increase flexibility of work schedules: increase the number of maximum workdays to six days per week for all sectors.

    "Increase flexibility of work schedules; set the minimum daily rest to 11 hours; delink the working hours of employees from the opening hours of the establishment; eliminate restrictions on minimum/maximum time between morning and afternoon shifts; allow the consecutive two-week leave to be taken anytime during the year in seasonal sectors."
    Makes perfect sense.

    Come and get it cumslingers!

  • Bremenacht 5 Sep 2012 18:40:38 18,459 posts
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    They claim to work the most hours out of all Europeans anyway so I don't see this making any difference at all.
  • Bremenacht 5 Sep 2012 22:45:23 18,459 posts
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    This is starting to get a little positive?

    UK rises in WEF competitiveness rankings survey

    The World Economic Forum's (WEF) survey said the UK had benefited from a more efficient labour market compared with more "rigid" European economies.
    And yet, we can expect to see the usual stories from businesses claiming that 'red tape' is holding UK business back, and that employment laws should be 'relaxed' and employee rights reduced.

    (That's when we're not reading stories claiming that being unable to build in green belts or over parks and playing fields is damaging our poorly construction industry)
  • Bremenacht 9 Sep 2012 23:52:37 18,459 posts
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    Soros to Germany: "lead or leave the Euro"

    abandon German-backed austerity measures and accept higher inflation, he says
  • TheSaint 24 Sep 2012 09:45:05 14,486 posts
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    Bad news for chavs:

    http://www.bbc.co.uk/news/business-19697949
  • mcmonkeyplc 24 Sep 2012 09:51:23 39,460 posts
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    JJB still exists?! I thought Sports Direct won the war of the chavs ages ago.

    Come and get it cumslingers!

  • senso-ji 24 Sep 2012 12:14:36 5,923 posts
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    If JJB go under, then the only sports shop left on my high street will be Sports Direct :/
  • Bremenacht 24 Sep 2012 14:40:58 18,459 posts
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    Cable Bank is agreed! Hurrah! A few considerations:

    1. The sourcing money will be found from savings. Hmm.
    2. Any bad loans (a normal risk) will be politically attributed directly to St.Vince. Much better to give the money to the big banks so that they can keep it safe on their balance sheets, you see
    3. What is the point of George Osborne?

    But what's this? Some miserable old busy-body says that UK banks' 'ring-fencing' might still result in shit-in-fans, going on to say that his eponymous rule is required to truly stop retail banking contagion. Only.. his rule isn't law, yet, and might never be if bankers win the day in the USA.

    Anyway. A bit more good news. Those bankers who did nothing wrong when dealing with Iran have made the final agreement to pay $340m to, errr, settle the matter of them doing nothing err wrong. \o/ Happy days.
  • LeoliansBro 24 Sep 2012 14:43:29 44,419 posts
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    Basically, it's a high street bank with a higher risk profile and a whole bunch of unanswered questions.

    It doesn't work as an enterprise or a business proposition, because if it did, high street lenders would be doing it. Which makes it both unreasonably risky, and potentially unprofitable.

    LB, you really are a massive geek.

  • mcmonkeyplc 24 Sep 2012 14:49:48 39,460 posts
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    High street banks are being retards at the moment though.

    Come and get it cumslingers!

  • LeoliansBro 24 Sep 2012 14:50:31 44,419 posts
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    Are they?

    LB, you really are a massive geek.

  • mcmonkeyplc 24 Sep 2012 14:54:16 39,460 posts
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    Yeah they are being particularly risk averse.

    Come and get it cumslingers!

  • mcmonkeyplc 24 Sep 2012 14:55:21 39,460 posts
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    Surely this is just a short term stop gap till the banks realise they can actually make money?

    Come and get it cumslingers!

  • LeoliansBro 24 Sep 2012 15:04:03 44,419 posts
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    And why do you suppose the banks are being risk averse? Could it be:

    - Because everyone in banking nearly lost their shirt as recently as four years ago as a result of not being risk averse enough, and are trying to learn from that?

    - Because banks as businesses are trying to find their feet again and this won't happen overnight?

    - Because QE hasn't addressed the underlying problem, which is not that banks won't lend to businesses, but that banks won't lend to each other, and which has nothing to do with availability of funds and everything to do with being unable to assess risk?

    - Because there are a new set of more restrictive financial liquidity requirements coming in (Basel 3) which means banks will need to hold more cash by law?

    - Because there's been a notable drop in the credit worthiness of most businesses due to the economic slump?

    - Because Government intentions and future requirements for the banking sector are increasingly muddied (by coalition politics, by the likely Labour return at the next election, by Whitehall indecision, by European and global indecision)?

    Vince Cable's brilliant new bank doesn't solve these problems, it ignores them. Hence, it's a stupid idea.

    LB, you really are a massive geek.

  • Nitrous 24 Sep 2012 15:04:17 396 posts
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    TheSaint wrote:
    Bad news for chavs:

    http://www.bbc.co.uk/news/business-19697949
    Potentially bad news for me seeing as I work for them.
  • mcmonkeyplc 24 Sep 2012 15:09:07 39,460 posts
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    LeoliansBro wrote:
    And why do you suppose the banks are being risk averse? Could it be:

    - Because everyone in banking nearly lost their shirt as recently as four years ago as a result of not being risk averse enough, and are trying to learn from that?

    - Because banks as businesses are trying to find their feet again and this won't happen overnight?

    - Because QE hasn't addressed the underlying problem, which is not that banks won't lend to businesses, but that banks won't lend to each other, and which has nothing to do with availability of funds and everything to do with being unable to assess risk?

    - Because there are a new set of more restrictive financial liquidity requirements coming in (Basel 3) which means banks will need to hold more cash by law?

    - Because there's been a notable drop in the credit worthiness of most businesses due to the economic slump?

    - Because Government intentions and future requirements for the banking sector are increasingly muddied (by coalition politics, by the likely Labour return at the next election, by Whitehall indecision, by European and global indecision)?

    Vince Cable's brilliant new bank doesn't solve these problems, it ignores them. Hence, it's a stupid idea.
    It's not suppose to solve them. It should just be seen as a stop gap solution.

    So you don't think banks are being too risk averse? It'll take time for them to recover in confidence.

    Come and get it cumslingers!

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