Posts Tagged ‘banker’
Posted by michael on March 10, 2012
I don’t really have a problem with the amount of payments and bonuses people receive for doing their job.
The shareholders are the ones who approve such salaries and bonuses.
If people want to object then buy shares and turn up and vote!
That is the right thing to do in a democracy. If people are NOT in a democracy and complain about the leaders salary they would probably get jailed or shot! – our system is better!
But what is really important and really fair, is that all salaries and bonus payments are subject to tax in the UK without any tax saving schemes (legal or otherwise) being used to minimise the tax being paid!
Ordinary workers cannot take advantage of these schemes and big company bosses should not be allowed to either!
And those who complain about these fat cat salaries and benefits, just remember that some of the trade union leaders are doing just the same as the bankers!
Posted in Blogroll, economy, Trade Unions, UK Economy | Tagged: banker, bonus, fat cat, fat cat salaries, salaries, salary | Leave a Comment »
Posted by michael on November 12, 2011
Of course Cameron has to try to stop these abusive banks preying on their customers for the benefit of the bank bosses!!
But it isn’t easy to do.
I had to laugh at the idea of milliband painting himself as ‘the champion of the 99% who don’t get bonuses’!!! This whole greed of massive bonuses and massive salaries and pensions originated from the Blair/Brown governments.
Just look at the Trade Union officials and their pay and bonuses – hardly representing the working class! In fact the working class has been just that under Labour who have acted as most Socialist governments in the world have done – the rich (themselves) get richer and the poor get poorer!
Milliband can say whatever he wants – I see him as a caretaker Labour leader. When the next election is approaching then I expect him to be dumped and be replaced.
Posted in banks, Blogroll, Trade Unions, UK Economy | Tagged: abuse, bank, banker, bonus, cameron | Leave a Comment »
Posted by michael on January 26, 2010
The worst of the recession is not over. Apart from the less than expected growth figure, which will probably adjusted in the next few weeks, there is very little else going for the UK economy!
But in my view it is the way that this lame government has chosen to focus almost entirely on the banking system that is going to prove to be the most damaging of Brown and Darling’s policies!
Apart from a couple of relatively sensible policies that a number of governments around the world adopted, there has been very little from New Labour to help anyone through the recession.
The scrappage scheme was welcome but limited. What a shame the scheme was not restricted to green, environmentally friendly cars to begin the process of cleaning up the environment!
But the real issue is with the banks. This New Labour government forced the banks to increase their capital levels. The consequence of this was that many businesses had their existing loans withdrawn or were refused the new loans and overdraft facilities required to keep their businesses and cash flow going.
How many small businesses were forced out of business by Brown and Darling’s focus on keeping the banking system going at the expense of the smaller businesses? How many of their employees lost their jobs as a result?
When these smaller UK manufacturers and suppliers go bust then the employees and the management are forced to depend on the benefits system. This increases the UK debt. Families are often unable to pay their mortgages or rent. How many families were unable to pay their mortgage and ended up being housed at the expense of UK tax payers?
How is the UK economy now expected to grow when so many of the businesses that were present before the recession have now stopped trading simply because the UK banks would not support them?
The people of the UK have been allowed to suffer whilst the government put most of the money and most of their efforts into protecting the banks.
When will our government allow the banks to start lending money, at reasonable rates, to small businesses to encourage them to expand. The same question applies to new start up businesses being given the funding and credit facilities that they require.
For Brown and Darling to increase the banks capital and reserves at the cost of many businesses and jobs is inexcusable. Apart from anything else banks do not vote in general elections, people do!
Do we now have enough people who can afford to set up new businesses? Even if people want to get new businesses going, the banks will most probably refuse to support them.
This useless government has failed to support businesses who need finance and loans to stay in business . We cannot expect much help from our greedy bankers!
Brown and Darling have made a real mess of the UK economy. This is why they do not deserve to be in government again!
Posted in Blogroll, council tax, credit crunch, crime, national health service, recession, UK Economy, Uncategorized | Tagged: banker, bankers, conservative, gordon brown, government, labour, mortgage, recession, repossession, tax, UK Economy | Leave a Comment »
Posted by michael on July 15, 2009
Lord Mandelson, who seems to be in charge of everything despite not being an elected MP, has said that Britain is facing a decade of public spending “constraints” in order to “rebalance” the country’s finances.
A ‘constraint‘ in public spending is not technically a ‘cut‘ in public spending but it definately means that less money will be spent on public spending!!!
So we now know that less money will be available for public services, which is anyone’s book is a CUT.
If the politicans want to ringfence, say, the NHS and defence, then there will be even LESS money available for the remaining public services. Yet Brown continually says that the NHS will not be affected.
Lord Mandelson said there would be “less spending in some programmes”, but “sustained investment” in areas like healthcare and defence would continue.
He also said the recession was “coming to an end,” but the effects of its “severity” were “not yet behind us”.
Why do you think that New Labour has delayed its planned review of future public spending from April 2010 until after the next general election! (I have learned to be cynical about what this government says!)
The Tories say ministers are hiding the true scale of cuts that are needed.
David Cameron has accused the government of refusing to commit to a spending review before the next general election “because they do not want to own up to the cuts they are planning”.
Look at the language the government ministers are using!
“spending choices” would have to be made’ – which means that some services will get reduced money no money!
a decade of public spending “constraints” in order to “rebalance” the country’s finances
Of course we will rebalance public finances in the medium term
the recession was “coming to an end,” but the effects of its “severity” were “not yet behind us”
Posted in Blogroll, Conservatives, credit crunch, debt, economy, energy, energy bills, financial, labour, Lib Dems, national health service, nhs, recession, tax, UK Economy, Uncategorized | Tagged: banker, bankers, banking, brown, conservative, credit, credit crunch, david cameron, gordon brown, government, recession, UK Economy | Leave a Comment »
Posted by michael on July 8, 2009
Alistair Darling announced Labour’s plans for a new council to oversee the ativities of the Treasury, the FSA and the Bank of England. But he has kept the current system of regulation.
In the House of Commons, Darling said that financial institutions needed to be better managed. But he and Brown were the the people responsible for managing the financial services to prevent anything like the Credit Crunch from happening!!!!
Why was this announced when Brown was out of the country at the G8 meeting? He was actually the man in charge throughout the, first as chancellor and then as PM. Surely he should have been the person to announce the government’s plans to control the financial institutions? Or doesn’t he like owning up to getting things wrong!
Darling added, “We need a change of culture in the banks and their boardrooms, with pay practices that are focused on long-term stability, and not on short-term profit”. Does he mean that in the last 10 years there has been no long-term stability and that the focus was on short-term profit?
Shadow chancellor George Osborne said the Conservatives would abolish the current system and give supervision powers to the Bank of England.
I liked the response of the Liberal Democrat Treasury spokesman Vince Cable. He said ‘This is not so much a White Paper as a blank paper’.
Posted in Blogroll, Conservatives, credit crunch, debt, economy, financial, labour, Lib Dems, recession, UK Economy, Uncategorized | Tagged: abuse, bank, banker, bankers, borrowing, brown, conservative, credit crunch, david cameron, economy, gordon brown, government, labour, recession, UK Economy | Leave a Comment »
Posted by michael on June 4, 2009
Well, well, well! The honourable members of the New Labour party are behaving very much like the Old Labour party. Perhaps that little word ‘New’ was only added to to make Labour acceptable to more voters – the same people, the same politics but a different image!
Looks like a plan, a well worked out plan, by the colleagues of the Prime Minister to turf him out.
So will that mean that another, un-elected leader of Labour is going to appear and run the country without a mandate!
I don’t think that the UK electorate would stand for that. They will want an election not a new leader.
Who says politics is boring? How can people not be interested in on-going collapse of New Labour?
Posted in benefits, Blogroll, Conservatives, council tax, credit crunch, Euopean Union, Europe, financial, labour, Lib Dems, recession, UK Economy, Uncategorized | Tagged: abuse, banker, bankers, brown, conservative, credit crunch, david cameron, debt, economy, government, recession, repossession, UK Economy | Leave a Comment »
Posted by michael on June 3, 2009
One wonders whether Brown’s cheesy grins are in direct proportion to the desperation he feels!
I have never seen him try to smile so much!!
There is this continual clash between Brown and Cameron with the PM insisting that Cameron announces Conservative policies for the UK; as though the leader of the opposition is in a position to implement their policies!
Brown appears to believe that he can pursuade people that Cameron’s silence mean that he has no policies. But most people would acknowledge that the Conservative policies, of which I am sure they would have spent a lot of time on, are not relevant simply because the Conservatives are not in power yet.
Invoking a discussion about the Conservatives policies during PMQs would take the pressure off Brown and the disasterous state of the UK economy.
So Cameron is right to stay quiet and keep the focus on Brown and the collapse of the UK economy after 12 years of New Labour.
Posted in Blogroll, Conservatives, council tax, credit crunch, debt, economy, Euopean Union, Europe, financial, labour, Lib Dems, recession, UK Economy, Uncategorized, utility | Tagged: abuse, banker, banks, borrowing, brown, conservative, cost of living, credit crunch, david cameron, debt, economy, gordon brown, government, greedy, labour, parliament, recession, repossession, UK Economy | Leave a Comment »
Posted by michael on May 12, 2009
In an analysis of the causes for the ‘credit crunch’ economic crisis, the Institute of Economic Affairs (IEA) has stated that the problems were not caused by market failures.
The study,Verdict on the Crash, claims that the government failed to manage the regulatory process of the financial and economic systems.
In other words, the ‘credit crunch’ and the state of the UK with it’s massive debts are the fault of the New labour government and Gordon Brown.
Posted in benefits, Blogroll, Conservatives, credit crunch, debt, economy, financial, labour, Lib Dems, recession, UK Economy, Uncategorized | Tagged: abuse, bank, banker, bankers, brown, conservative, credit crunch, debt, economy, gordon brown, government, recession, repossession, UK Economy | 1 Comment »
Posted by michael on May 9, 2009
When ‘Fred the Shred’ got his company pension when the bank he managed almost collapsed from huge debts, Gordon Brown promised that ‘he would not keep his pension’.
Not only has Sir Fred Goodwin still got his pension, but the bank is still promising huge bonuses to certain staff (according to the Mail – may 9th).
Now the government, acting as our agent, holds 70% of the shares. Yet they seem totally incapable of managing to do what they said that they wanted to do!
Is this just another example of the incompetence of this government?
Posted in Blogroll, Conservatives, credit crunch, economy, Europe, financial, recession, tax, UK Economy | Tagged: abuse, bank, banker, bankers, brown, credit crunch, debt, economy, gordon brown, government, greedy, labour, recession | Leave a Comment »
Posted by michael on May 2, 2009
The Treasury committee, in its second report on the banking crisis, has said that it had been caused largely by the banks’ own reckless behaviour.
They also warned that it would effect people ‘for generations‘!
Mr. McFall said “Bankers have made an astonishing mess of the financial system”. The culture within parts of British banking has increasingly been one of risk-taking, leading to the meltdown that we have witnessed”.
The MPs said they favoured greater regulation to protect bank depositors.
Why have they said this? Surely if the government had actually fulfilled their duty in ensuring that the current regulations were followed, then this banking crisis would probably not have happened.
I understand that the Spanish banks were not allowed to get involved in the orgy of profiteering from the substandard loans that other banks were making money from. As a result thay have been able to benefit from buying the profitable bits of failed banks.
This ‘get rich’ feeding orgy by the banks was allowed to happen in the UK because because the UK government, with Brown as chancellor and then prime minister, failed in their duty to regulate the financial system in a proper manner.
Posted in Blogroll, Conservatives, credit crunch, debt, economy, Euopean Union, financial, labour, Lib Dems, recession, tax, UK Economy, Uncategorized | Tagged: bank, banker, bankers, banking, banks, brown, credit crunch, debt, economy, government, recession, repossession, UK Economy | 1 Comment »
