fuchs01

Now then, if we believe in keeping up certain standards, and believe sincerely, its
the middle of the civilised world, and we're always proud to fly the flag, our
hearts are clean, and open to all sugestions and opinions,and we believe we are
the fairest of them all, and we have a great sense of humour, then laughing all the
way, rolling around in stitches, its a profound.......YES, then again a small no.

chris955

http://www.bbc.co.uk/news/business-25726621

chris955

http://www.ft.com/cms/s/0/2647ea42-7...44feabdc0.html

TheCreature

Two percent inflation and even at that level its still more than double the average growth in earnings and means that average UK employee will have seen a near 10% CUT in real wages since 2009.

http://www.ons.gov.uk/ons/rel/region...ince-2009.html

"Average real hourly earnings of UK employees are now back at roughly 2003 levels"

Some success story.

fuchs01

You know what makes me angry.Over 40 years of my life, I've seen top company managers and owners, with support from the banking fraternity, is the degrading of skilled labour, and bringing in lower semi skilled labour, to take over the skilled
proffesions where one had to learn and study between 4-5 years.
Then told nobody nor any position is unreplaceable.
Now this exact type of argument has been twisted around and argued not in favour,
of the workers, but for top management in the financial branches.
In fact by so called experts about people who actually created the financial crisis.
That we need these top failures, to get us out of the hole they got us into in the 1st
place.They have the cheek, and RBS is not the only one to threaten and scaremonger the UK and say, If we dont pay these bonuses to these failures they will go elsewhere, like Asia, like China.Its strange that no hardnose journalist, try to take the experts on.

Let them go, tell them to get lost..lets keep the money, they have never deserved and
promote from within The 2nd tier cant be any worse.Plus we the tax payer and customer can start to have a say on what they expect from their Banks management.
These failures wont get a job in Asia, only in the 2nd or 3rd Tier because Chinese, japanese, like other Asian banks, only want locals at the top.
If an Ami bank wants to take on these greedy failures, their welcome.
All I know if a normal worker or lower management had made such incompetent, and ill fated descisions, they would of been given the sack, or been docked in pay, or at least lost their chance in taking part in any bonus scheme.
RBS at such banks, are not deserving of any customer.
Its the only way the normal man can protest, withdrawing his money, is stronger,
than withdrawing or refusing to vote.

Bud the Wiser

Ah well.............

http://www.dailymail.co.uk/news/arti...or-nation.html

chris955

Yet more good news for the UK.
http://www.bbc.co.uk/news/business-25823217

http://www.bbc.co.uk/news/business-25830586

Unemployment figures yet to be released this morning are expected to show a further fall in the number of unemployed.

bigglesworth

Yes- absolutely fantastic news, headlined just about everywhere (except the BBC, who have hardly mentioned it).
Strange though that Christine Lagarde and Olivier Blanchard, who tried so hard to talk the UK economy down last summer, have not acknowledged that they were completely wrong.
And that Blanchard actually had the brass neck to make the latest upgrades himself!

chris955

It was one of the major stories on the BBC news we saw yesterday. There is a bloke on another forum who was telling everyone who would listen how there was going to be a triple dip recession and the UK was only just beginning to suffer. As it turned out there wasnt even a double dip recession LOL

aries

Our National Debt figures are increasing at a rapid rate and don't look too good though.

http://www.nationaldebtclock.co.uk

Since I've come back here to live my bank balance has been spinning along in the opposite direction . . . down!

bigglesworth

In an economic downturn, that is what the national debt is for! As Governments should run balanced budgets in good times, they run deficits in bad. The only alternative is to abolish the automatic stabilisers - unemployment payments etc.
It is just the UK's misfortune that we had a profligate Chancellor who thought he had abolished Boom and Bust and simply ramped up Government spending way in excess of the growth in the economy for nearly ten years. At the same time inflating an enormous credit bubble in private sector debt.
So we started from a far worse place than we should have and went into the downturn with massive structural deficits. And structural deficits take years, even decades, to fix.
It was always obvious that it would take two generations to repay the debts of the Brown Bubble. The Coalition has very sensibly (IMO) loaded the repayment of the debts onto the economy AFTER they have stabilised it. It was always a gamble. Many (and I was one) thought it possible Gordon Brown had so screwed the economy that it could not be fixed without massive social costs, such as we have seen in Greece, Spain, Portugal, Ireland etc.

bigglesworth

I may have blinked and missed it, but it certainly was not heavily featured on the ten o'clock news. The report on their website lists negative comment from Lagarde, Balls and their own World service.
When Blanchard made his initial doom-laden comments last summer, the BBC headlined it on just about every report for a week.
The BBC never miss an opportunity to talk Britain down.

bigglesworth

Also here is your unemployment link Chris
http://uk.reuters.com/article/2014/0...A0L0JK20140122

Quite astonishingly good.

chris955

Wow, that is good and certainly better than many thought. I'm sure someone can put a negative spin on it though

bigglesworth

Well, they can try. Not the foreign exchange markets though - Sterling over 1.22 for the first time for a year!
http://uk.reuters.com/business/currencies
(Although I suspect the Bank will do their best to knock that back again).