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.

Ireland’s Biggest Bank Charging Depositors – Negative Interest Rate Madness


By Mark O'Byrne August 22, 2016



Deposits at Bank of Ireland are soon to face charges in the form of negative interest rates after it emerged on Friday that the bank is set to become the first Irish bank to charge customers for placing their cash on deposit with the bank.




This radical move was expected as the European Central Bank began charging large corporates and financial institutions 0.4% in March for depositing cash with them overnight.


Quote:

“As they mature, and as the bank bail-in rules come into play, it’s no longer the case that for corporate investors depositing at a bank is risk free,” she added.
“To be honest, the return is abysmal now. We’ve gone back to a more typical investment portfolio for an insurance company.”

“You have to be paid for the risk you take,” she added. “You might entertain the bail-in risk if you were being properly paid. But if you’ve a bank trying to charge you for leaving your money with them, you’re not inclined to take any risk at all.”



Full story here, and you had better read it....the €urolunatics are in full cry!

http://www.goldcore.com/us/gold-blog/irelands-biggest-bank-charging-depositors-negative-interest-rate-madness/

Purely guessing here but will this sort of push people into the stockmarket , is there a boom coming .

And a lot of it is down to banks not having to rely on savers deposits due
to the QE and the money printing that's now widespread.

I was told two years ago that the reason my interests rate was going down was because the Banks were awash with money and didn't want more basically . My other bank just gave me notice the rate going down to 0.25 in Oct . So it's a case of looking around .

Remember what Will, the house builder poster said about Brexit ?

Persimmon set to shrug off EU fears as house-builders enjoy post-Brexit boom

http://dailym.ai/2bbyCt1

http://i.dailymail.co.uk/i/pix/2016/08/22/13/3122638400000578-0-image-a-19_1471867479942.jpg

Is this the way to Fred's house ?

No he wouldn't accommodate a single one of them he just talks the talk .

Whats so special about running 100 mtrs/5000/10000 mtrs?

They should try swimming/Cycling/Running one after another...

Just like the Brownlee brothers...

Congratulations to all of the GB team. They did us proud unlike that overpaid lot that went to Paris for the Euros. If it only costs £1.09 a medal, I will start contributing a fiver. :)

Do you remember the story recently of Corbyn having to sit on floor in corridor of Virgin Trains due to lack of seats

Images released by Virgin Trains show that honest and authentic Jeremy Corbyn staged that video in which he sat on a train floor and appealed for “public ownership” of the railways. In a statement Virgin revealed that the 67 year-old Labour leadership favourite walked past “empty, unreserved seats” prior to filming the video. After shooting the film, he was assisted by train staff to seats which he and his team occupied for the remainder of the journey to Newcastle.

Tory MPs fear election spending row could lead to jail
George Parker and Kate Allen


David Cameron gives a speech in Downing Street today announcing that the Conservatives had won a majority in the general election.
David Cameron gives a speech in Downing Street announcing the Conservatives' election victory. .
Conservatives are fearful that a simmering row over alleged breaches of election spending rules by up to 30 MPs at the last election could lead to some losing their seats or even being sent to jail.
The involvement of the police has elevated an apparently technical issue over whether the Tories correctly recorded their election expenses into a matter of great concern among the parliamentary party.

I am completely indifferent to anything Corbyn says or does. Except that I hope they cleaned the seat afterwards.

Surprised that you think you would notice.

I see you completely ignore the fact that Corblimey uses tricks and dishonest practices to gain public recognition then Freda , wonder what else we will uncover about his deceptions in the future .

There won't be anyone sent to prison or even remotely punished by the
Electorial Commission or the authorities, just like postal voting corruption
is tolerated now in this country, just like some third world banana republic.

He has to go some to be as crooked and some present members of the cabinet.

-==-==

Agreed, this is corrupt administration.

The UK is becoming a banana republic and we already have the Russian Mafia and Osborne was bidding for the Chinese one.

.

It's in the Guardian, so it must be true!




UK economic indicators defy Brexit fears


Data from manufacturers, Britain’s biggest housebuilder and UK supermarkets paint a positive picture of industry after the Brexit vote


Phillip Inman, Sarah Butler and Sean Farrell

Tuesday 23 August 2016 18.50 BST



A survey of manufacturers reported a rise in exports to their highest level in two years. Photograph: Bloomberg/Bloomberg via Getty Images


Britain appears to be bouncing back from the post-Brexit panic in better shape than expected, after a string of indicators showed growth across the manufacturing sector, the building industry and in consumer spending.

A survey of manufacturers reported a rise in exports to their highest level in two years. Persimmon, Britain’s biggest housebuilder, said customers were flocking back to view new build homes. And grocers enjoyed a 0.3% rise in sales in the 12 weeks to 14 August, the best performance since March.


More:https://www.theguardian.com/business/2016/aug/23/uk-economic-surveys-defy-brexit-fears