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"London is now the worst place in the world to do business..." - The Daily Mail
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on Planet White Horse only the trade unions can hold the country to ransom.That's why they can hold us to ransom.
But then, that's the problem we have to try to solve. Maybe we don't have to put up with it. We certainly don't have to celebrate it.
perhaps -just perhaps -one day he'll put down his copy of the daily mail and start to form his own opinions.
but where would these financial einsteins go to? have you seen the cost of real estate around lake geneva?0 -
How would a major exodus of bankers work in practice?
Imagine, if HSBC decided to relocate it's core operations to Hong Kong. How would you move all their investment bankers and key support staff, and would the government of the day just sit and idly watch events happen ?
Don't you think the remaining banks would make great PR capital out of such an event? I do.0 -
I think it's more or less inevitable that they'll go. The government doesn't mind because it's decided that we can't afford the City. Another bailout would be disastrous, but in any case, the City overbalances everything and makes it virtually impossible for the government to manage the economy and the currency.because at some point if the government and court of public opinion is making their businesses impossible to manage they will go somewhere else.
And the City doesn't make money, it takes money. That tax take only comes out of the customers' pockets."It will take, five, 10, 15 years to get back to where we need to be. But it's no longer the individual banks that are in the wrong, it's the banking industry as a whole." - Steven Cooper, head of personal and business banking at Barclays, talking to Martin Lewis0 -
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Some companies create wealth. Others just move it around.is that different to all companies?"It will take, five, 10, 15 years to get back to where we need to be. But it's no longer the individual banks that are in the wrong, it's the banking industry as a whole." - Steven Cooper, head of personal and business banking at Barclays, talking to Martin Lewis0 -
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Alot of the investment is from outside the UK, it helps that they come here rather then us having to go outside the country.
Most of the FTSE is for world trade not UK. We are effectively getting a very small tax on companies which dont even operate here, theres little doubt its a positive.
2bn a year is paid by foreigners in UK tax on LSE plus they are employing UK people who in turn pay more taxes. Im quite happy they continue doing so0 -
Indeed not, The financial services industry is a prolific squanderer and destroyer of wealth.indeed that's so; some financial services are zero sum game but not all of them"It will take, five, 10, 15 years to get back to where we need to be. But it's no longer the individual banks that are in the wrong, it's the banking industry as a whole." - Steven Cooper, head of personal and business banking at Barclays, talking to Martin Lewis0 -
It appears that the Network Rail chiefs are going to forgo their bonus so that safety can be improved on the railways, I don't know about you but that doesn't have a very positive ring to it, by implication :eek:
http://uk.news.yahoo.com/labour-keeps-attack-bonuses-074521859.htmlOn Monday senior executives at taxpayer-subsidised Network Rail followed suit and agreed to forgo their bonuses in the face of a political storm over the scale of the planned awards running into hundreds of thousands of pounds.
Instead the money will be paid into a fund to improve safety on the railways.'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher0 -
In which case you'd have thought that paying bonuses in shares would be a good thing?
Anyway there's no reason to believe Shareholders care much about the remuneration of executives. Billions of pounds in profits against a few million.
well clearly the domestic shareholders do, as by and large the shares are ultimately owned by tom, !!!!!! and harry through their pension funds.
The agency - principal where shareholders appoint boards to look after their interests has in many areas broken down completely.
Not least as there is a further body squashed between, the fund managers, whose sole purpose is to extract maximum fees / charges out of the poor suckers saving up for retirement.
The likes of Fred Goodwin end up running colossal businesses as personal fiefdoms - and shareholders, the rest of the executive board and the non-executives are almost powerless.
A big red light should start flashing when business start throwing massive amounts of money to sponsor sports that co-incide with the chief executive pet interest. Witness the vast squandering on Formula 1 and Golf by RBS.
Surprise, surprise - the two sports Fred Goodwin enjoys.
Jackie Stewart was trousering £1 million a year as a RBS 'ambassador' - no wonder he is supportive of his mate Fred.US housing: it's not a bubble - Moneyweek Dec 12, 20050
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