Still no "green shoots of recovery"

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Re: Still no "green shoots of recovery"

Independent man
C.O.H
Double Dip Dave and Gidion told us the UK was making a recovery and things were looking up for the Bankers the Hedge funders the Utility C.O.Es but maybe not for us then.
Drop that Drip Double Dip Dave
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Re: Still no "green shoots of recovery"

confused of hornchurch

Yes, maybe he was just talking about life for his close circle of friends and business associates?

I certainly haven't noticed any up-turn in my finances.
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Re: Still no "green shoots of recovery"

Independent man
Some of the Hedgefunders have to drink the crap champange its only £150 a bottle,so when you feel down remember we are all in this together.
Drop that Drip Double Dip Dave
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Re: Still no "green shoots of recovery"

confused of hornchurch

Oh yes, it's that sense of shared hardship that spurs me on to work harder for less. It's us lazy working class people that have got us into this mess, now we must pull out all the stops if we are to achieve a thriving economy.
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Re: Still no "green shoots of recovery"

confused of hornchurch

Unfortunate 'error'. (run brewery couldn't p--- a up in a)


Fears of debt-fuelled recovery as credit card spending jumps, revised BoE data show

'Error' means Bank of England reported unsecured lending in September was less than half actual total


Fears of debt-fuelled recovery as credit card spending jumps, revised BoE data show

British consumers took out more credit on loans and credit cards in September than at any point this year, revised Bank of England data showed on Thursday.


By  Szu Ping Chan

1:31PM GMT 31 Oct 2013

British consumers borrowed more money on loans and credit cards in September than at any point this year, raising concerns that the economic upturn in the UK is being fuelled by debt.


Revised Bank of England data on Thursday showed that unsecured consumer credit rose by £864m in September. This was the highest monthly level in 2013, and up from an increase of £680m in August.


A Bank of England error meant the figure was reported as £411m earlier this week. "This release was reissued on 31 October 2013 due to an error in implementing a change to the reporting population for September 2013," the Bank said in a statement on Thursday.
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Re: Still no "green shoots of recovery"

confused of hornchurch

Italy.

Gloomy news from Italy as the unemployment rate hit a new record high of 12.5% in September.

It was the highest since the statistics office records began in 1977, and compared with an upwardly revised rate of 12.4% in August. It was worse than the 12.3% predicted by economists.

Youth unemployment also rose to a fresh high of 40.4% from 40.2% a month earlier.

40.4%? Now that's encouraging, more records being broken.
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Re: Still no "green shoots of recovery"

confused of hornchurch

RBS ringfences £38bn in 'bad' bank
RBS  
George Osborne says there will be no sell-off until after election as bank's chief executive warns of heavy losses.

Of course not, we don't want any bad news to spoil your re-election chances.
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Re: Still no "green shoots of recovery"

Percy.
With those government adverts only guaranteeing the first £80.000 of any money you have in a bank .It may be time for me to move my account.
“The fool doth think he is wise, but the wise man knows himself to be a fool.”




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Re: Still no "green shoots of recovery"

confused of hornchurch

Please don't, it's only your money that is financing my overdraft.
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Re: Still no "green shoots of recovery"

confused of hornchurch
In reply to this post by Percy.

1 November 2013 Last updated at 14:31

RBS shares lose 6% after it decides against 'bad bank' split.
 
RBS chief executive Ross McEwan is "delighted" following the decision not to split the bank

Royal Bank of Scotland shares have lost 6% following news the 81% state-owned bank will not split itself into separate so-called good and bad banks.

RBS will create an internal "bad bank", ring-fencing £38bn of poor quality assets, such as loans it does not expect to see repaid.

However, some have questioned whether RBS would have been better splitting off its bad assets.

RBS also launched a review of how it treats its customers.


He told the BBC's World at One programme he would be looking into the reasoning behind the government's decision.

"The question... is whether this restructuring is enough to turn RBS round in reasonable time. I hope so but I remain concerned that it might not," he said.

RBS's shares were among the heaviest fallers on the FTSE 100 share index in Friday trading, down more than 6% at 343p.
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Re: Still no "green shoots of recovery"

spike
What a great script for a cowboy film. You have a bad bank - thats the one in the black hat, and a good bank - thats the one in the white hat. The bad bank comes to town and beats up the good bank . The good bank has always refused to use underhanded banking practice but knows all the tricks because once he was bad. There is a showdown in Main Street between the black hatted bank and the white hatted bank . Under duress the white hatted bank has taken his old tricks out of mothballs . The good bank wins the showdown using the old tricks he learnt as a bad bank. White hatted bank now runs the town , film ends with good bank giving a knowing wink to the camera.
Socialism or Barbarism
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Re: Still no "green shoots of recovery"

Romfordian
Spike love it
Not a party activist but WAS a Labour supporter
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Re: Still no "green shoots of recovery"

confused of hornchurch
In reply to this post by spike

At what point do the desperado's come to town and rob both banks?
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Re: Still no "green shoots of recovery"

confused of hornchurch

Co-op To Axe More Than 1,000 Banking Jobs.
 
The struggling bank will make job cuts amounting to more than 10% of its workforce, Sky News understands.

4:54pm UK, Saturday 02 November 2013

Co-op bank
The cuts will account for at least 10% of the Co-operative Bank's workforce

By Mark Kleinman, City Editor

The Co-operative Group is to axe more than 1,000 jobs at its troubled banking arm as part of a complete overhaul of its business and finances.

Sky News understands that the job cuts, which could be detailed as soon as Monday, will account for well over 10% of the Co-operative Bank's workforce.

The redundancies will underline the human toll of the lender's mismanagement in recent years as it finalises a plan to fill a £1.5bn hole in its balance sheet.

As expected, the deal, which will have the approval of the Bank of England, will involve Britain's biggest mutually-owned organisation relinquishing ownership of the Co-op Bank.
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Re: Still no "green shoots of recovery"

spike
In reply to this post by confused of hornchurch
You missed the point CoH -they are all bad guys and robbers 
Socialism or Barbarism
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Re: Still no "green shoots of recovery"

confused of hornchurch

Surely not, I've always trusted them to look after my money  and now you're telling me they're all crooks?

So there's no such thing as a 'good' bank, only 'bad' ones?
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Re: Still no "green shoots of recovery"

spike
Mmm...how can I put this dreadful news to you CoH - yes.
Socialism or Barbarism
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Re: Still no "green shoots of recovery"

confused of hornchurch

Surrender?

Co-op reveals hedge fund deal

The Co-operative Group will today detail a plan to inject hundreds of millions of pounds into its embattled bank as part of a £1.5 billion rescue that means it will cede control of the lender to a group of American hedge funds. As part of a complex deal that has been weeks in negotiation.

Oh dear!
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Re: Still no "green shoots of recovery"

confused of hornchurch

MP's are feeling the pinch.

MPs must get 11% pay rise, says deputy Commons Speaker who warns party leaders against 'dictating' what backbenchers earn.
Labour's Lindsay Hoyle insists expenses watchdog must be adhered to
Cameron, Clegg and Miliband have all warned against £7,600 pay rises now

Politicians claimed a total of £200,000 on expenses for gas and electricity

By Matt Chorley, Mailonline Political Editor

PUBLISHED: 10:55, 4 November 2013  | UPDATED: 10:58, 4 November 2013  

MPs should be given their promised 11 per cent pay rise, the deputy Commons speaker has declared.

Labour’s Lindsay Hoyle warned party leaders against trying to block the £7,600 pay hike drawn up by the expenses watchdog.

He warned David Cameron, Ed Miliband and Nick Clegg that they must not dictate ‘what is good for backbenchers’ by trying to block the increase from the current level of £65,000.

Defence: Deputy Speaker Lindsay Hoyle said it was wrong for political leaders to 'dictate' what backbenchers earn

The Independent Parliamentary Standards Authority brushed aside public anger in July to announce salaries for MPs should rise to £74,000 from 2015.

The dramatic rise will leave MPs earning roughly three times the national average salary and comes at a time when most other public sector workers have had pay rises capped at just one per cent.

All the main party leaders rounded on Ipsa for ignoring the public mood when recommending the rise.


Read more: http://www.dailymail.co.uk/news/article-2487070/MPs-11-pay-rise-says-deputy-Commons-Speaker.html#ixzz2jgS7gjF3 
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Re: Still no "green shoots of recovery"

Romfordian
The pay rise may be acceptable provided they can't claim any expenses I personally feel they should get a pay cut to around the average of London workers and maybe £ 10,000 For a second home and pay there own bills for food and utilities travel etc same as everybody else
Not a party activist but WAS a Labour supporter
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