• Visitors can check out the Forum FAQ by clicking this link. You have to register before you can post: click the REGISTER link above to proceed. To start viewing messages, select the forum that you want to visit from the selection below. View our Forum Privacy Policy.
  • Want to receive the latest contracting news and advice straight to your inbox? Sign up to the ContractorUK newsletter here. Every sign up will also be entered into a draw to WIN £100 Amazon vouchers!

Miliband promises two challenger banks amid major branch sell off

Collapse
X
  •  
  • Filter
  • Time
  • Show
Clear All
new posts

    Miliband promises two challenger banks amid major branch sell off

    This is quite an interesting statement from Miliband as the high street does indeed need more competition.

    One of the main obstacles however will be that any new bank will have to obtain the relevent permissions from the FCA and this is easier said than done. Over the last few years, I can think of a number of banks that managed to secure funding but then fell at this hurdle.

    Miliband promises two challenger banks amid major branch sell off | News | Mortgage Strategy

    #2
    He's going to fix the price of energy that's bought and sold on world markets too apparently. And he's going to rescue the middle class. I think he needs a superman suit.
    And what exactly is wrong with an "ad hominem" argument? Dodgy Agent, 16-5-2014

    Comment


      #3
      I heard that on the news this morning and thought 'GREAT, lots of money to be made contracting on those FUBAR projects!'

      Comment


        #4
        And already the Bank of England Governor has announced that if Labour wins he's off.
        merely at clientco for the entertainment

        Comment


          #5
          The guy needs to be put in a straight jacket and thrown into the Thames. Now if we could weigh him down by tying Cooper and Balls to each leg that would solve the problem perfectly.

          Comment


            #6
            so who let them grow so big?

            there used to be loads of banks / building societies. Been a gradual decline since the 70s.

            http://www.bankofengland.co.uk/publi...n/qb100407.pdf

            Arguably both parties should have encouraged competition long ago.
            Always forgive your enemies; nothing annoys them so much.

            Comment


              #7
              He is spot on about the size of banks. We should not have companies "too big to fail". More competition can only be a good thing. How to achieve this is another matter.
              Let us not forget EU open doors immigration benefits IT contractors more than anyone

              Comment


                #8
                Originally posted by DodgyAgent View Post
                He is spot on about the size of banks. We should not have companies "too big to fail". More competition can only be a good thing. How to achieve this is another matter.
                Indeed, but surely it was the investment activities of all the banks that caused the problems. What goes on in High Street banks was largely irrelevant to the crisis, and in these internet enabled days High Street banks are a little irrelevant anyway.

                When it comes to "too big to fail" we should be a lot more concerned about the supermarkets.
                Will work inside IR35. Or for food.

                Comment


                  #9
                  Originally posted by DodgyAgent View Post
                  He is spot on about the size of banks. We should not have companies "too big to fail". More competition can only be a good thing. How to achieve this is another matter.
                  More competition will lead to more product innovation which can only be a good thing. A prime example is mortgages for the self employed which many of the current banks still struggle to get their head around.

                  Comment


                    #10
                    Originally posted by DodgyAgent View Post
                    He is spot on about the size of banks. We should not have companies "too big to fail". More competition can only be a good thing. How to achieve this is another matter.
                    He is indeed right about that, and it's exactly what Nassim Taleb was saying. I'm just a bit sceptical about Mr Miliband's 'ability to deliver'.
                    And what exactly is wrong with an "ad hominem" argument? Dodgy Agent, 16-5-2014

                    Comment

                    Working...
                    X