…and you think the majority make most their money on the retail side?
So it's a great idea?
This is an important point. Having worked for 3 banks over 15 years in retail banking, the 10's of thousands of employees you'd be hurting would be nothing to do with the "bankers" you have a problem with. The retail banks are entirely separate businesses, without the massive pay etc. that the commercial businesses have.
Whatever thats supposed to mean !
No chance mate.
About to put the same thing, they wouldn't care less if customers stopped using.
Retail side, what's that? Oh, you mean like banks...when they used to be on the streets of every town. I remember those days.
Isn't that the type of arrogance that gave them a 80 seat majority ?
Retail is the side where retail customers put their money in either a lesser spotted branch or internet. It is also where you get your loans and mortgages from.
Are you asking me if I think Labour's strategy in 2020-22 is the same as Labour's under Corbyn between 2017-19? Because no, it's clearly night and day. It's not arrogance to be generally aware of the fact that Boris Johnson was becoming increasingly unpopular and imploding, as evidenced by the fact that, you know, he has now resigned in disgrace. Time will tell how things pan out with Truss.
Er I think you will find income tax coming down under Truss according to all the media- even the Guardian.
he can just do nothing and win.
Yes I forgot - Truss plans to borrow more money to fund tax cuts - an approach that just about every mainstream economist says will lead to higher inflation. And as you would expect the tax cuts will disproportionately benefit the already comfortable, whilst many poorer people will be unable to afford to heat their homes this winter.Er I think you will find income tax coming down under Truss according to all the media- even the Guardian.
Indeed she is.
I said Keir's strategy was to appear sensible and normal and yes, basically do nothing while your opponent defeats himself. Oldest strategy in the book (literally - in The Art of War). It worked. Boris resigned in disgrace. Whether it will work against Truss, time will tell, but when the Tories are asking for more money for bankers during a cost of living crisis, they are doing Starmer's job for him. I couldn't think of a more universally loathed policy to announce at exactly the worst possible time. It's shockingly bad politics.
That makes perfect sense to me. The wealthiest who benefit most from tax cuts will now earn more interest on their savings which will be growing thanks to those same tax cuts. Win win all round for them
That’s not correct though.
As you are not paying any taxes- being a donkey with no name you are invisible to HMRC.Also Robbie from Catford is giving you loads of free carrots no doubt.Donkey youv'e never had it so good!
Yes, I am aware.
Go to transaction platforms. There are several.
you seem to be coming around to something id said a few months ago about wealth taxes for very large companies,
But there is no dividing line, the banks are very specifically lobbying to oppose the proposed ring-fencing of retail and corporate investment banking. Mortgages, Credit cards and personal loans are still being used as the basis of investment products, and retail funds are still being used as assets in the investment arena.
Not sure the wife's employer is going to pay her wages that way.
no reason why not, you can do direct debits, have cards, and operate at a consumer level pretty much the same as any bank.
Not really - in reality all taxes are a tax on wealth.
Free?
not quite free but in my own instance what was defined as commission and charges free banking by my bank was costing me about 800 euros a year on my personal account and about 3k per year for my business account, Ive reduced those charges by about 90% on my personal accounts, and by about 75% on my business accounts. They wont work for everyone, and i have some issues with them in Spain in that several financial institutions wont accept the account numbers for things like direct debits which is contrary to EU law - obviously that no longer applies to the UK. Ive not heard any issues like that in the UK though, and its regulated by the FSA.
That's the plan.For us peasants to stop using the banks unless you have a billion in your pocket that is.
Captive market - try operating in the modern world without a bank account. When i first started working in the banking sector in 1476 or thereabouts, I was going through a report on charging errors for credit cards, which was being estimated at something like 7 or 8 % of operating profits.
Unfortunately I get the feeling that Starmer is scared stiff of offending Mail and Express readers so will say nothing about this stuff.
No, not really. The election was won by the Tories on three fronts:
Just commenting on the politics here, not whether I personally like it, I think he's betting those progressive forward thinking voters who want change will vote for him anyway. He doesn't need to veer too far left because he can count on their support because ultimately, a large section of these people just despise the Tories. Like you said, they want change. They are politically engaged and determined to get them out. They'll hold their noses and vote for Starmer. Meanwhile, current polls show 10% of 2019 Tory voters have flipped to Labour (which can obviously change between now and the election). So they have converted a decent chunk, likely a lot of 'red wall' voters. I will say however, in my opinion, there will likely come a time to be bold and stand for things, rather than just stand against the Tories. And going off against bankers bonuses is the easiest attack line in the world. I'd bet all my money you'll see it in the next PMQs.
Yeah, Boris was in exceptionally strong position because of Brexit. In 2019 Brexit was the most important issue in politics. Not anymore. 78% of people say the economy is the most important issue, with just 16% for Brexit. And Labour are slightly ahead of the Tories on the economy. Which is shocking. I always kinda think that if Labour are winning on the economy the Tories are screwed and if the Tories are winning on the NHS (which they were under Corbyn), Labour are screwed.
Politicians that speak freely and from the heart convince people. The politicians that are playing the game, don't convince. You can spot it a mile off. Can't stand Farage but he had one issue that he believed in and gave his truth about, managed to convince 52% that it was the right thing but if you gave it some thought there were far more possible negatives than he ever mentioned.
May I ask are you in a marginal seat? If you were in a marginal seat where it's neck and neck between the Tories and Labour, with no 3rd party having any chance in your seat, who would you vote for tomorrow?
I'm in one of the least marginal seats in the UK. FY8. If I was in a.marginal I would vote tactically to eliminate the Tory. In my opinion Labour and Green should stand down in FY8 which might cause Menzies to actually have to fight for his place in Westminster!
Yeah that's kind of what I mean. Again, just speaking strategically here to win, Starmer can ''afford' to lose your vote, because yours is an extremely safe seat. They will be betting people such as yourself (and frankly me) who are uninspired, would vote anyway in a marginal because it's tactical. I think we will see more aggressive tactical voting, whether led by the parties or done by the people anyway.
As recently as the 1980s Fylde was the safest Tory seat in the country. I think Labour need to fight every seat in order to be a truly national party. As for the voters, I agree that those who would vote Labour and Green might vote Lib Dem tactically. That said , I can understand Labour voters balking at a vote for the Lib Dems after their lickspittle support of the Tories in 2010-15.
And this is where the Tories have it easy and cash in. Left and centre splits at least 55% of the vote. The Tories eliminate UKIP and pretty much secure the other 45. With our antiquated voting system they are very difficult to beat.
I don't think any incoming Premier has ever been so blatant about sucking up to big business and sod the electorate.
