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Will Osborne do a Brown and hand £billions to the banks?
The UK banks have been living of borrowed money from abroad to the tune of 5 times GDP. Around one Trillion £ has to be repaid during the next three years. A think tank says they do not have the money and will need bailing out by the tax payer to the tune of £25billion a month during 2011.
Mr Osborne appears to be in denial. He said "I am certainly not expecting and have no indication at all that any British bank needs any further government support ..."
http://news.sky.com/s...ng_System_Set_To_Fail
Does the electorate have the appetite for more banking bailouts during these times of cuts and redunancies?
Do the banks have us over a barrel again, and we have no choice to fund their lavish bonus system?
Or will George happily hand our money over to his banking chums like Brown did?
Mr Osborne appears to be in denial. He said "I am certainly not expecting and have no indication at all that any British bank needs any further government support ..."
http://news.sky.com/s...ng_System_Set_To_Fail
Does the electorate have the appetite for more banking bailouts during these times of cuts and redunancies?
Do the banks have us over a barrel again, and we have no choice to fund their lavish bonus system?
Or will George happily hand our money over to his banking chums like Brown did?
Answers
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No best answer has yet been selected by Gromit. Once a best answer has been selected, it will be shown here.
For more on marking an answer as the "Best Answer", please visit our FAQ.Well I would suggest it needs looking at now. If it is the case then each case needs evaluating. Just because one think tank says something does not mean it is true either, there is undoubtedly an element of truth somewhere there though I suspect.
No, personally I dont think they should be bailed out. Customers assets to 50k are coverd and that should be that.
On the bonus issue, remember the Government gets more than half of that back in various taxes so its not all doom and gloom. Plus many bonuses are paid to low paid staff, do you want to deprive them?
No, personally I dont think they should be bailed out. Customers assets to 50k are coverd and that should be that.
On the bonus issue, remember the Government gets more than half of that back in various taxes so its not all doom and gloom. Plus many bonuses are paid to low paid staff, do you want to deprive them?
You do talk some utter tripe sqad
The UK is still the worlds 6th largest manufacturing nation
http://investing.curi...ng-countries-in-2008/
Frankly the bonus issue is just political - it doesn't really affect the liquidity of the banks which is the most important issue.
The question is who is the new economics foundation who are making this prediction and are they credible?
Time to roll out sourcewatch
http://www.sourcewatc..._economics_foundation
Hmm well they have certainly won a number of plaudits but they do seem to come from an anti-big business background having been formed by people who led the Alternative G7. The Executive Director was International Director for Oxfam and the Policy director is an anti-nuclear power stations campaigner.
So all in all I'd like to hear what some other voices have to say about the imminant collapse of the banking sector before I go and start panicking
The UK is still the worlds 6th largest manufacturing nation
http://investing.curi...ng-countries-in-2008/
Frankly the bonus issue is just political - it doesn't really affect the liquidity of the banks which is the most important issue.
The question is who is the new economics foundation who are making this prediction and are they credible?
Time to roll out sourcewatch
http://www.sourcewatc..._economics_foundation
Hmm well they have certainly won a number of plaudits but they do seem to come from an anti-big business background having been formed by people who led the Alternative G7. The Executive Director was International Director for Oxfam and the Policy director is an anti-nuclear power stations campaigner.
So all in all I'd like to hear what some other voices have to say about the imminant collapse of the banking sector before I go and start panicking
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