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Has bank bashing run its course?
Comments
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There's an election next year - Milliband perhaps kicking off his campaign on the wrong agenda ....???
Who's gonna buy all these branches? Implicit in Ed's suggestion is that the "big banks" can't sell branches to eachother, so where are all these other banks who want to stomach the overheads for these branches?
Politically, not a bad move though. There are plenty out there who still feel that the Country's future is entirely dependent on "the banking problem" ... sighWarning ..... I'm a peri-menopausal axe-wielding maniac
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grizzly1911 wrote: »They may be scaling down the physical size of direct government, the cost still remains to the tax payer, just through private channels. The long term social and financial costs have yet to be felt.
that assumes that all the activities of government are necessary and would need to be replicated by the private sector
in reality many government activities are pointless and simply don't need doing.0 -
that assumes that all the activities of government are necessary and would need to be replicated by the private sector
in reality many government activities are pointless and simply don't need doing.
I agree. The only way you deflate a balloon is to take air out otherwise squeezing one way just makes it pop out elsewhere.
The problem is most of the critical spend can't be sucked out. If a political decision is made to remove/reduce a critical item then that would be reflected in public sector supply too.
A good proportion of savings are usually achieved by reducing the pay and conditions of those employed initially. Something that could, is and has already been done by successive governments just not as quickly.
Often, once one balloon has been reduced in size another one starts to inflate rapidly, for all the things that were taken out that really shouldn't have been. Because they are necessary but not contracted they usually attract a premium to deliver.
Don't forget the essential growing dividend cover that needs to be put in place too."If you act like an illiterate man, your learning will never stop... Being uneducated, you have no fear of the future.".....
"big business is parasitic, like a mosquito, whereas I prefer the lighter touch, like that of a butterfly. "A butterfly can suck honey from the flower without damaging it," "Arunachalam Muruganantham0 -
Different govts provide different levels of services to their population, there is no 'must' just different options.I think....0
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grizzly1911 wrote: »I agree. The only way you deflate a balloon is to take air out otherwise squeezing one way just makes it pop out elsewhere.
The problem is most of the critical spend can't be sucked out. If a political decision is made to remove/reduce a critical item then that would be reflected in public sector supply too.
A good proportion of savings are usually achieved by reducing the pay and conditions of those employed initially. Something that could, is and has already been done by successive governments just not as quickly.
Often, once one balloon has been reduced in size another one starts to inflate rapidly, for all the things that were taken out that really shouldn't have been. Because they are necessary but not contracted they usually attract a premium to deliver.
Don't forget the essential growing dividend cover that needs to be put in place too.
whilst is your world view there is no possibility of progress or a better way, but I am an optimist and think that we can improve both government and banking0 -
grizzly1911 wrote: »Really?
Nothing like the North Sea Oil & Gas revenues?
In the context of the current deficit. So yes the figures is in the billions.
The UK has to become more self sufficient when it comes to energy. Not least so as to reduce cost for UK industry. Manufacturing consumes vast amounts of energy.0 -
Thrugelmir wrote: »In the context of the current deficit. So yes the figures is in the billions.
The UK has to become more self sufficient when it comes to energy. Not least so as to reduce cost for UK industry. Manufacturing consumes vast amounts of energy.
Most revenues are insignificant in the context of the current debt perhaps.
Don't dispute it needs to be more self sufficient something tells me it is unlikely to reduce costs. The costs of extraction and environmental mitigation are not yet quantified. Eventual supply will simply be sold into the European wholesale market for the best price possible. If we oversupply our neighbours will simply throttle back and less tankers will be pitching up at Milford Haven.
Our suppliers will then have to bid in that market as they do now.
Nuclear fusion perhaps."If you act like an illiterate man, your learning will never stop... Being uneducated, you have no fear of the future.".....
"big business is parasitic, like a mosquito, whereas I prefer the lighter touch, like that of a butterfly. "A butterfly can suck honey from the flower without damaging it," "Arunachalam Muruganantham0 -
whilst is your world view there is no possibility of progress or a better way, but I am an optimist and think that we can improve both government and banking
There are different ways.
One way or another we pay and when services are critical part of social responsibility the government ends up underwriting them in any case."If you act like an illiterate man, your learning will never stop... Being uneducated, you have no fear of the future.".....
"big business is parasitic, like a mosquito, whereas I prefer the lighter touch, like that of a butterfly. "A butterfly can suck honey from the flower without damaging it," "Arunachalam Muruganantham0 -
Debt_Free_Chick wrote: »
Who's gonna buy all these branches? Implicit in Ed's suggestion is that the "big banks" can't sell branches to eachother, so where are all these other banks who want to stomach the overheads for these branches?
Selling branches is a simplistic concept as well. Makes media headlines. However not the way to divide a banks balance sheet to create a totally independent fully capitalised and profitable new lender.0 -
Thrugelmir wrote: »Selling branches is a simplistic concept as well. Makes media headlines. However not the way to divide a banks balance sheet to create a totally independent fully capitalised and profitable new lender.
what would the correct way to do it be?0
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