Thought Id start this one going because its rather dead on this board at the moment and I suppose all my usual muckers are either at the Stella tennis event watching Dim Tim (lose again) or at Henly Regatta eating cucumber sandwiches (they wish,...NOT).

Anyway please feel free to just talk to yourself blast away and let it go on any company or subject you wish. Just wish Id thought of this one before.

cheers GF.

ohhhhhhhh knew that yonks ago.

Hes a grand lad though, a grand lad.

Go on then I give in? no good googling as it would be cheating.

The Bank of England

ha ha ha excelent one.

Ill use that for my quiz night at the tory club tomorrow.

Hays,

You seem to become more and more ridiculous.

Public Health.

NHS

Education

Road Transport

Police and Judicial System (in parts)

-------

One of the main problems in management in Public services was the para shooting educational trained idiots who often had little experience of the industries or management.

The other and possibly biggest problem was the effects of the war and lack of technology advances and old worked out plants etc.. which due to the country being broke after WW2 had monstrous.

========


But it was obvious there was stupidity of management and unions each provoking unnecessary divisions causing disruptions of production. This present government is provoking the return of the problems and divisions with the "them and us" propaganda of to-day.

The policies you seem to exonerate and applaud.

Suggest you revise your economic history rather than rely on hand down simplistic mantras, supported by your out dated clichés, which appeal to your archaic elitist mindset.

=========

The banks have been bailed out.

The bastions of simplistic capitalism.

The US Federal Reserve is still private.

And just look what a fine job it's done looking after Uncle Sam, much like our own BoE.

LOL.......

lol, and they can do that for the other two as well.

Hays,

Talking about Public against Private services.

Is this the standards you wish.



=======

But not forgetting Old Boys who pull together.

Scarey for a lot of people..........

Mortgage Misery For Millions If Rates Go Up

There is growing speculation that the Bank of England may begin to consider lifting the cost of borrowing within months.1:02am UK, Friday 20 December 2013 Mortgage approvals rise again.

Some four million would be not be able to pay their mortgage if rates rose

By Ed Conway, Economics Editor

Around four million families would not have enough cash to pay their mortgage if interest rates rose to barely half the rate they were before the crisis, according to Bank of England research.

The warning from the Bank comes amid growing speculation that it may begin to consider lifting the cost of borrowing within months.

Research published in the Bank's Quarterly Bulletin sketches out a worrying picture for UK households in the event of an increase in the cost of borrowing.

The Bank's statistics show that if rates rose by 2.5% to a level of 3%, more than half of the eight million families with mortgages would not have enough in their monthly budgets to afford the increased interest payments.

They would be forced to cut their spending or work longer hours.

However, the Bank said that if families' incomes increased by 5% in the coming years, then the proportion of mortgage-holders struggling to manage their payments would be around a third.

Insiders also pointed towards the fact that at present investors only expect interest rates to reach 1.7% by the end of 2016 - significantly lower than the 3% level in the Bank's scenario.

The shock would not be limited to those with mortgages. The Bank's report also found that almost 5% of small businesses in the UK faced a 50% or greater chance of defaulting if interest rates rose by four percentage points.

However, the report also found that for many families the current debt burden decreased over the past year.

The proportion of mortgagors struggling to pay for their accommodation remained relatively unchanged; the share of households worried about their debt levels dropped from 46% to 39%.

The most strain over the past year was felt by those who rent their home. The Bank's research shows that the number of renters who face credit card and unsecured loan interest bills of more than a fifth of their incomes has risen from 800,000 to 1.1 million this year.

The worry is that the households most exposed to debt problems are those who are renting, are unable to rely on the capital value of their home, and who have had to take out large loans to sustain their lifestyles.

Things to come under privatisation unless of course there is a public bail out from
the tax payers purse:

Have they arrested Wavey Dave?

If not why not?

UK current account deficit deficit widens to 5.1% of GDP in Q3 from 1.5% of GDP in Q2. Ouch.

Telegraph Finance ‏@TeleFinance 22m
UK current account deficit with the rest of world in Q3 is widest since 1989, despite economic growth.

Question...........is Osbourne doing his job correctly??.

It depends who he is doing his job for!

Himself I thought. Hes already awarded himself a 10% reduction in tax he as to pay.

Well when I say pay, I mean should pay.

Morning GF at the Con club tonight, quiz night (sad bastard), will you be wearing your red tie? You crack me up mate :O)

he he he, im a member at the socialist club and the liberal club aswel chris.

Have to be...........tory polices have closed down the three pubs that were standing 18 months ago.

Hey and dont forget just cos Im against present Tory front bench doesnt mean i wont be rollocking labour when they take over in 2015.