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Financial Envy?
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The EU have never been happy about London have they?
The EU have never been happy about London have they?
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Welcome back R1Geezer.
The tax is to build up a fund so the banks cannot bankrupt us all again. Instead of relying on Governments to bail them out when they fail dismally, the banks would instead turn to this emergency fund grown over many years.
Unless you are happy for the country to go hundreds of billions of pounds into debt when they crash next time, what is your alternative?
The tax is to build up a fund so the banks cannot bankrupt us all again. Instead of relying on Governments to bail them out when they fail dismally, the banks would instead turn to this emergency fund grown over many years.
Unless you are happy for the country to go hundreds of billions of pounds into debt when they crash next time, what is your alternative?
No it's just the sort of sensible proper governance that our Government ought to be doing but are too spineless.
We are the mess we are in today not because of any sale of Gold reserves but because these guys cost us all £500 billion
That's ten grand a head!
You think we should just let them carry on as before?
Sure - give me my ten grand back - then you can start saying EU banking regulations are 'financial envy'
We are the mess we are in today not because of any sale of Gold reserves but because these guys cost us all £500 billion
That's ten grand a head!
You think we should just let them carry on as before?
Sure - give me my ten grand back - then you can start saying EU banking regulations are 'financial envy'
With my usual predictable viewpoint, it should be up to the UK government to determine what measures are necessary to regulate the UK's banks. As far as I aware the EU did not provide any funds to help us overcome our banking crisis (and nor it should have) so protection against a repetition of the crisis should be a matter for the UK Parliament.
Your usual predictable view, as usual ignores the global word we live in.
Money moves easilly about the financial world and if there is a poorly regulated area that area will attract bad business until things go wrong again.
Telll me what would happen if for example Devon were to make child pornograhy or heroin legal ?
Even you Tory's want a free trade Europea - that requires common laws to govern that free trade
Money moves easilly about the financial world and if there is a poorly regulated area that area will attract bad business until things go wrong again.
Telll me what would happen if for example Devon were to make child pornograhy or heroin legal ?
Even you Tory's want a free trade Europea - that requires common laws to govern that free trade
Gromit
With regard to Iceland
On 28 August 2009, Iceland's parliament voted 34–15 (with 14 abstentions) to approve a bill (commonly referred to as the Icesave bill) to pay the United Kingdom and the Netherlands more than $5 billion lost in Icelandic deposit accounts.
Under the deal, up to 4% of Iceland's gross domestic product (GDP) will be paid to the UK, in sterling terms, from 2017–2023 while the Netherlands will receive up to 2% of Iceland's GDP, in euro terms, for the same period
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Jake, I was referring to this...
// The UK taxpayer will not be able to reclaim £2.3bn in unhonoured deposit guarantees from the Icelandic government linked to online bank account Icesave, a court in Luxembourg has ruled.
The surprise judgment has delighted many in Reykjavik, some of whom still blame Britain for precipitating a flight of capital in 2008 after the UK used emergency powers to freeze the assets of Landsbanki, the bank behind Icesave. //
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// The UK taxpayer will not be able to reclaim £2.3bn in unhonoured deposit guarantees from the Icelandic government linked to online bank account Icesave, a court in Luxembourg has ruled.
The surprise judgment has delighted many in Reykjavik, some of whom still blame Britain for precipitating a flight of capital in 2008 after the UK used emergency powers to freeze the assets of Landsbanki, the bank behind Icesave. //
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