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Found 4 results

  1. http://www.independent.co.uk/news/uk/politics/vince-cable-brexit-crisis-worse-than-2008-crash-warns-referendum-liberal-democrat-a7709056.html I have noticed in recent days that companies are announcing reduced profits e.g HSBC, Sainsburys and i remembered Vince Cables recent warning. Is the UK heading towards a new economic storm that might be worse than the 07/08 financial crash ? UK Banks have never really recovered and with Brexit likely to cause Banks to lose business to the EU finance centres, how will this affect the UK economy. Many of these Banks transferring work to Brussels, Paris, Frankfurt will still have their headquarters in London, so UK Treasury/taxpayers are still at risk of another bailout. It might be worse because no doubt the UK Bank operations will pay less tax to UK Treasury, but UK Treasury still has the same risk. Brexit is going to cause huge unintended consequences and as Vince Cable suggests, it could be a major factor in another economic storm that might have been avoided or reduced in effect. I think that if i were in a position of having significant savings in shares, that i would be looking to invest in gold or other safer options, as if there is another economic storm, many shares are going to tumble in value. I got caught out in the last crash as did many people and if there are warnings you would be wise to take them seriously.
  2. I keep an eye of what is going on around the world to see whether the problems the UK experiences are unique or just part of the current global situation. I quite often find that other countries are experiencing the same issues at the same time, because of the nature of the worlds markets being very instant and connected. Take for example Supermarkets, where in Australia a big chain there Woolworths ( no connection to UK shop) is experiencing some of the same issues as Tesco. Woolworths has just recorded a huge overall loss. http://www.smh.com.au/business/retail/woolworths-slumps-to-1234-billion-loss-20160824-gr0dvl.html Since the 2007/08 world Banking crash, the economic situation has become very odd to say the least. Central Bank interest rates have reduced to close to zero and some Banks are even charging for accounts holding large credit deposits. There appears to be a focus by central Banks and government to help maintain property asset prices, as if property starts to reduce in value, the Banks holding them as assets would be stuffed. This means that property prices across many parts of the world are not affordable to many workers, who have seen earnings reduce in real terms. The large global corporations such as the big drug companies and tech firms are currently trying to reconfigure their businesses, by selling off parts or buying other businesses outright or parts of them. China is speading its investments into many different things and is now the largest investor in North Sea oil. Have a scan through the various online media reporting on finance and you will see there is a pattern to what is going on. Businesses and government appear to be preparing for a recession on the horizon. In the UK, i can see the chancellor Philip Hammond taking measures in an Autumn budget, as he sees a deterioration in government finances. Given the straight jacket he is in politically, i think it will be extremely difficult. There is not much room for spending cuts and what taxes would he increase. Increasing government investment spending is difficult, given the amount of national debt. What are your thoughts ? In 2017 will there be a repeat of the 2007/08 financial crash, as 10 years after it is found the same fundamental issues exist ? Will Brexit be put on hold, if there is another crash ?
  3. Hi all, I'm Johnny. I'm new here I was just about to send off an parking fine appeal, but just wanted to see if I'm in the right or not, because it's a bit sketchy. The facts: -I wanted to go into Ibis car park because I was told it was cheap -Entered Holiday Inn car park accidentally because of confusing road layout -Left Holiday Inn -Entered Ibis, spent around 5-10 mins parking because it was tight and realised that it was actually very expensive -Went back to Holiday Inn, saw that prices were cheaper so I parked -The sign gave a few options of how to pay. One being a mobile app. -Spent about 20 mins trying to download the app because of bad signal -Left the premises in search of better signal -Came back. Paid using the app. And left. -There was no option to backdate the payment to the time I arrived -After doing my business, I came back and I left 8 mins after my parking had expired. I got a Parking Charge Notice from ParkingEye two weeks later. In the letter they state I -Arrived at 6:44 -Left at 8:26 -And was in the car park for 1 hours 41 minutes. This isn't true. -I arrived at 6:44am, -Left around a 2 minutes later -Came back about 6:55am-ish So the car was literally in the car park between 1-2 minutes, then about 1 hour 20 mins. Not the combined amount that the ticket states. So 3 questions.. -Is the false time period a possible technicality? -Is the 20 mins spent downloding the app, and not being able to backdate the payment a mitigating circumstance? Also does me leaving the premises matter? -The 8 mins after my parking expired. As far as I'm aware, the BPA have a 10 minute grace period, but obviously I was there for longer than 10 minutes downloading the app. Have they got me by the balls here?
  4. Economic growth now seems to be on a downward path now in many countries, with the US just reporting that the latest growth is half of what was expected. Chinas actual growth is apparently about 3% and not the 6.9% reported,which was still lower than previously. UK growth is also slowing. There has been a run of companies reporting losses, which will hit the corporation tax take in the UK and elsewhere. This could well mean that unless further spending cuts are made or taxes are increased, UK and other countries will be borrowing more. Any government spending deficits might be difficult to eliminate. My instinct is that during the next few years we will see UK growth back to less than 1% annually and some of the Banks struggling again. One of the problems with austerity is that consumers reduce spending, people might be reluctant to buy houses etc, due to declining economic confidence. The government might go back to using QE, but that does not do any good long term. If the government wants to boost the economy now is the time to borrow to invest in housing and infrastructure projects. If they don't start this soon, bearing in mind it takes time to start development, they will come to regret it.
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