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Bring back a National Bank like Giro Bank?

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Comments

  • Fred1_2
    Fred1_2 Posts: 214 Forumite
    socrates wrote: »
    civil servants have no idea how to run a business. The result is that you just get big, fat, incompetent, useless operations, managed abysmally.

    I was a Civil Servant until the mid 90s when the agency I worked for was privatised. i was immediately struck by how bureaucratic and inefficient our new private sector employers were. The costs to the govt of supplying the service we had done for so many years went through the roof and the service deteriorated. Everything was geared towards returns for the new employer's shareholders, not providing an excellent service to the tax payers. Unsurprisingly, we lost the contract when it came up for renewal. The new company is, I am told, so bad that when their contract expires the service is likely to be taken back in house and the privatisation experiment ended. That will mean 2 decades of taxpayer's money having gone into the bank accounts of foreign multi-millionaires instead of investing in the country's future.
  • ninky_2
    ninky_2 Posts: 5,872 Forumite
    Fred1 wrote: »
    The costs to the govt of supplying the service we had done for so many years went through the roof and the service deteriorated.

    another straw to the nationalized bank team i think socrates?
    Those who will not reason, are bigots, those who cannot, are fools, and those who dare not, are slaves. - Lord Byron
  • socrates
    socrates Posts: 2,889 Forumite
    ninky wrote: »
    The point of this thread was not to hold some meaningless "straw poll" of a random selection of forum viewers but rather to debate the issue. Popularity is no indicaton of correctness - especially when the views for and against have not actually been aired.

    Another straw?
  • ninky_2
    ninky_2 Posts: 5,872 Forumite
    socrates wrote: »
    Another straw?

    yes it's amazing how meaningless popularity contests become more appealing when you're in the lead.....
    Those who will not reason, are bigots, those who cannot, are fools, and those who dare not, are slaves. - Lord Byron
  • socrates
    socrates Posts: 2,889 Forumite
    ninky wrote: »
    yes it's amazing how meaningless popularity contests become more appealing when you're in the lead.....

    Like I said earlier we will agree to disagree but lets see what actually happens - I will await the coming years with much interest - I still say regulation is the best way forward.
  • ninky_2
    ninky_2 Posts: 5,872 Forumite
    socrates wrote: »
    I still say regulation is the best way forward.

    regulation by whom? surely not by the government or civil servants that couldn't run a whelk stall?
    Those who will not reason, are bigots, those who cannot, are fools, and those who dare not, are slaves. - Lord Byron
  • socrates
    socrates Posts: 2,889 Forumite
    ninky wrote: »
    regulation by whom? surely not by the government or civil servants that couldn't run a whelk stall?


    No - by Fred he can do it in his spare time!
  • mustrum_ridcully
    mustrum_ridcully Posts: 1,453 Forumite
    Well looks like ninky isn't the only person thinking about having a Post Office run bank

    http://news.bbc.co.uk/1/hi/uk_politics/7946822.stm
    "One thing that is different, and has changed here, is the self-absorption, not just greed. Everybody is in a hurry now and there is a 'the rules don't apply to me' sort of thing." - Bill Bryson
  • ninky_2
    ninky_2 Posts: 5,872 Forumite
    mustrum_ridcully wrote: »
    Well looks like ninky isn't the only person thinking about having a Post Office run bank

    http://news.bbc.co.uk/1/hi/uk_politics/7946822.stm


    yes, i saw this story in the FT yesterday. i for one, will definitely be moving my account to this. fingers crossed it comes off.
    Those who will not reason, are bigots, those who cannot, are fools, and those who dare not, are slaves. - Lord Byron
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