Northern Rock Nationalised! - Page 2

andrewb · 18-02-2008, 19:29

Quote:

Originally Posted by cashman

i will say again "What Recession"? the rest of the british financial sector is thriving.

Sorry lecturers who study economics as their main research area are wrong, you're right, I take back what I said. The British financial sector has been a disaster, we're all doomed.

cashman · 18-02-2008, 19:43

Quote:

Originally Posted by Cyfr

Sorry lecturers who study economics as their main research area are wrong, you're right, I take back what I said. The British financial sector has been a disaster, we're all doomed.

no need to apologise

can understand why yer taking that view, yer entitled to buy what they are saying, i for one certainly do not.

cashman · 18-02-2008, 20:22

a gloom settled over the UK banking sector, or will the results season disperse the clouds hanging over Canary Wharf?

The banking sector will be reporting profits in the coming days, starting with Barclays on Tuesday and followed later in the week by Alliance and Leicester and Lloyds TSB.

Hefty writedowns are expected, with the High Street giants revealing their provisions to cover losses from the collapse in credit markets and bad debts as borrowers default on loans.

This will be the first set of audited results since the credit squeeze that tripped up Northern Rock took hold last summer.

The mood is nervous at best, but according to some analysts, it is at its lowest ebb for more than a decade.

The most rosy outlook is that with all the bad news out in the open, the results should help lift the gloom and banks should soon be back to business as usual.

this is from BBC news24, its all a matter of who you listen to.

Acrylic-bob · 19-02-2008, 16:47

BBC NEWS | Business | Barclays profits slip to £7.08bn

Does this sound like good news??????

andrewb · 19-02-2008, 17:15

Quote:

Originally Posted by BBC

Despite the fall in overall profits, the UK arm of Barclays' business saw profit rise by 4% to £2.6bn, and the retail arm did especially well with profits up 9% for the period.

I'm sure somebody said the UK had a good financial sector earlier in the thread. We're a world leader, its about the only thing we can truly say we're a world leader in.

jaysay · 19-02-2008, 17:45

Quote:

Originally Posted by Acrylic-bob

BBC NEWS | Business | Barclays profits slip to £7.08bn

Does this sound like good news??????

Barclays profits have slipped to £7.08bn, good grief how are they going to survive, the poor lambs

Less · 19-02-2008, 18:26

Quote:

Originally Posted by cashman

i will say again "What Recession"? the rest of the british financial sector is thriving.

Cashy, what happened during the last recession?

People were thrown out of work to survive on a pittance, then that ladies gov' started rumour after rumour that the unemployed, sick and maimed are to blame for this, (lazy bloody scroungers! Why can't they get off their arses and work?).

We now have another tory government called, 'New Labour', they can see which way things are going, so they start the lazy little sh!ts, idea going again, "Oooh look 2,000,000 collecting sickness benefit! they can't protect themselves lets use them as an example of whats going wrong!

2 years, 5 years, even 10 years ago I think you'll find there where that many people on sickness benefits, (maybe not the same one's), but lets blame them, it might just give us a little breathing space before the fan hits the sh!t.

It is coming, they know it's coming, most of us know it's coming, what can we do about it?
Nothing! We are stitched up better than the kipper that is supposed to be proverbial!

Just think, what you could be doing if instead of buying this white elephant of a bank you and every member of your family had been given £3,500 to use, would you have invested it in this bank? *,**

*Answers on a postcard to accyweb Northern Rock Competition, no living relatives of anyone that has paid tax in the past is allowed to enter.

** please note if your local post office is due for closure you may be charged extra for the bus fare to the nearest post box.

garinda · 19-02-2008, 18:36

'Many Labour MPs with seats in the North-east welcomed the move to nationalise the bank. Their support means the Bill is certain to get through with Liberal Democrat backing.'

Northern exposure: Cameron calls for Darling to be axed after bank bail-out - UK Politics, UK - Independent.co.uk

This government is rapidly becoming as morally corrupt as that of the Major one in the mid nineties.

An absolute disgrace, from start to finish.

Neil · 19-02-2008, 18:43

Quote:

Originally Posted by Madhatter

I used to be up accy twice a month now its once every three if i'm lucky.

And that is a bad thing?

Less · 19-02-2008, 18:47

Quote:

Originally Posted by Neil

And that is a bad thing?

No, of course it isn't. I must admit though, I've missed our little white van man.

Mind you given the choice, I could carry on missing him with no real problem!

Madhatter · 19-02-2008, 18:51

may not be for you and my ex but is for me, they keep sending me london.
Two short trips this week so far, and last week just a newcastle and Carmarthen. It's not looking good cyfr.

Less · 19-02-2008, 18:56

Quote:

Originally Posted by Madhatter

may not be for you and my ex but is for me, they keep sending me london.
Two short trips this week so far, and last week just a newcastle and Carmarthen. It's not looking good cyfr.

Let's hope Cashy is right and all is well with the economy, everyone will be busy and you won't have to waste time on here instead of working.

Neil · 19-02-2008, 19:20

Quote:

Originally Posted by Madhatter

may not be for you and my ex but is for me, they keep sending me london.

Tell us when and where you are going next time, I know some people down their and could arrange for you to not make it back.

I am having a whip round to pay my 'southern friends'

, anyone want to chip in?

Acrylic-bob · 19-02-2008, 21:16

I can only tell the story as I see it. In my line of business two of our competitors have gone to the wall so far this year, another one went just before Christmas. And while our business is up on last year that is more to do with a fall in the number of suppliers rather than an increase in the available business; which is expected to fall again this year.

Record numbers of hotels, guest houses and restaurants are also on the market this year as people want to bail out before the property crash takes hold.

cashman · 19-02-2008, 22:00

Quote:

Originally Posted by Less

Cashy, what happened during the last recession?

People were thrown out of work to survive on a pittance, then that ladies gov' started rumour after rumour that the unemployed, sick and maimed are to blame for this, (lazy bloody scroungers! Why can't they get off their arses and work?).

We now have another tory government called, 'New Labour', they can see which way things are going, so they start the lazy little sh!ts, idea going again, "Oooh look 2,000,000 collecting sickness benefit! they can't protect themselves lets use them as an example of whats going wrong!

2 years, 5 years, even 10 years ago I think you'll find there where that many people on sickness benefits, (maybe not the same one's), but lets blame them, it might just give us a little breathing space before the fan hits the sh!t.

It is coming, they know it's coming, most of us know it's coming, what can we do about it?
Nothing! We are stitched up better than the kipper that is supposed to be proverbial!

Just think, what you could be doing if instead of buying this white elephant of a bank you and every member of your family had been given £3,500 to use, would you have invested it in this bank? *,**

*Answers on a postcard to accyweb Northern Rock Competition, no living relatives of anyone that has paid tax in the past is allowed to enter.

** please note if your local post office is due for closure you may be charged extra for the bus fare to the nearest post box.

but Less ya mean everyone knows its coming, bar the lecturers who study economics n anyone that heeds em.