[Politics] The Labour Government

[rippleman]

FTSE shares in banks took a mauling after the hints that Starmer & Reeves are going to enhance the autumn chill with CGT and IHT hits.
Happy days.

Your mob spent 14 years basically making the country skint. Partly through sheer incompetence, with contributions made by your mob lining their own pockets and those of their pals.

The country is skint. We cut services even further or we increase taxation or we borrow billions more. They are the only options available. Pick your potato.

You are welcome. Any time you need reminding who is responsible for this shitshow, I'll be happy to remind you.

 

[Is it PotG?]

 

[Right Brain Ronnie]

FTSE shares in banks took a mauling after the hints that Starmer & Reeves are going to enhance the autumn chill with CGT and IHT hits.
Happy days.

I think it is time some will wonder what the hell they did on July 4th.
I pin that to the likes of the former wicked witch of countdown. She is one hell of an angry person on a mission to stay in the limelight, at whatever cost.
It won't be her with her fat cheques from equity release etc that will be a suffering this winter.

 

[BLOCK F]

Your mob spent 14 years basically making the country skint. Partly through sheer incompetence, with contributions made by your mob lining their own pockets and those of their pals.

The country is skint. We cut services even further or we increase taxation or we borrow billions more. They are the only options available. Pick your potato.

You are welcome. Any time you need reminding who is responsible for this shitshow, I'll be happy to remind you.

And who is responsible for the shitshow that has enveloped the Government following Rachel Reeves clumsy decision re the WFP?
I think quite a few on her own side would say Starmer and Reeves. There was always a case to be argued re the universality of the benefit, but the way this has been done is, quite frankly and from a Labour Government, pretty dismal.

 

[fly high]

FTSE shares in banks took a mauling after the hints that Starmer & Reeves are going to enhance the autumn chill with CGT and IHT hits.
Happy days.

Not for many who have their pension investment in shares, ordinary people not rich people.

 

[cunning fergus]

According to Goldman Sachs, cumulative over 8 years UK GDP is 5% smaller than without Brexit.

Ah, good old honest brokers Goldman Sachs.................

EU should 'undermine national homogeneity' says UN migration chief

The EU should "do its best to undermine" national "homogeneity" and promote multiculturalism, the UN's special representative for migration tells peers.

www.bbc.co.uk

All going to plan................

 

[Herr Tubthumper]

FTSE shares in banks took a mauling after the hints that Starmer & Reeves are going to enhance the autumn chill with CGT and IHT hits.
Happy days.

Did they ? Just checked and the FTSE 350 Banks has been steadily rising over the past month.

Where did you get your figures from?

 

[Is it PotG?]

Did they ? Just checked and the FTSE 350 Banks has been steadily rising over the past month.

Where did you get your figures from?

I'm sure that you can access it from Germany

https://www.telegraph.co.uk/business/2024/08/28/wealth-tax-looms-pressure-labour-union-paymasters/

 

[BLOCK F]

Did they ? Just checked and the FTSE 350 Banks has been steadily rising over the past month.

Where did you get your figures from?

They fell today after fears of a ‘tax raid’ on the industry, when, quote, ‘a former Whitehall insider told the FT that the sector would be a likely target as lenders have been making good profits out of higher interest rates.’ etc.
Who knows, but Starmer and Reeves are spreading gloom thick and fast and one senior economy is quoted as saying that ‘they had over egged the misery pudding at a time when the economy was growing strongly.’
Well I never, who’d have believed it!
Yup, as above from PotG.

 

[A1X]

Geez if things get much worse they’re going to have to cut off cancer treatment on the NHS.

Oh, wait a minute, that was Liz Truss…

 

[BLOCK F]

They fell today after fears of a ‘tax raid’ on the industry, when, quote, ‘a former Whitehall insider told the FT that the sector would be a likely target as lenders have been making good profits out of higher interest rates.’ etc.
Who knows, but Starmer and Reeves are spreading gloom thick and fast and one senior economy is quoted as saying that ‘they had over egged the misery pudding at a time when the economy was growing strongly.’
Well I never, who’d have believed it!

Fat finger……apologies!

 

[Weststander]

I'm sure that you can access it from Germany

https://www.telegraph.co.uk/business/2024/08/28/wealth-tax-looms-pressure-labour-union-paymasters/

View attachment 188025

Hopefully Reeves will tread carefully with City firms / the banks.

Despite gloomy forecasts, we didn’t lose swathes of the sector to Paris, Frankfurt and Amsterdam.

They’re huge employers and help our balance of payments.

 

[Herr Tubthumper]

I'm sure that you can access it from Germany

https://www.telegraph.co.uk/business/2024/08/28/wealth-tax-looms-pressure-labour-union-paymasters/

Yes I can access the Telegraph from Germany, I can also access the FTSE which is what you quoted when you said banks took a “mauling”

But, given you supplied a Telegraph link let’s look at this specific article further. The bank they quote with the highest drop, 4%, is Nat West. But looking at their shares over the last 3, 6 and 12 month periods they’ve shown a healthy and steady increase. Now, if this overnight drop of 4% continues day after day and results in a serious downturn, you (and the Telegraph) might have a point. Until then, you don’t.

I’ve explained my thinking in a reasonable manner. Can you therefore explain why you think this is a “mauling?” I’m no expert with shares, but Nat West look decent to me.

 

[Is it PotG?]

Yes I can access the Telegraph from Germany, I can also access the FTSE which is what you quoted when you said banks took a “mauling”

But, given you supplied a Telegraph link let’s look at this specific article further. The bank they quote with the highest drop, 4%, is Nat West. But looking at their shares over the last 3, 6 and 12 month periods they’ve shown a healthy and steady increase. Now, if this overnight drop of 4% continues day after day and results in a serious downturn, you (and the Telegraph) might have a point. Until then, you don’t.

I’ve explained my thinking in a reasonable manner. Can you therefore explain why you think this is a “mauling?” I’m no expert with shares, but Nat West look decent to me.

That is a significant hit, totally unnecessarily.

I'm sure you'll agree,.

 

[Herr Tubthumper]

That is a significant hit, totally unnecessarily.

I'm sure you'll agree,.

No. I don’t agree. Look at the graph over the past 3, 6 or 12 months, there’s been plenty of local peaks and troughs but the overall trend is upwards.

If I was to agree with you, logic states there’s been plenty of “significant hit”s. But also plenty of even more significant increases.

What I will say though , is thanks, because I wasn’t really aware of Nat West shares. They seem really good value and steadily increasing so I might get on board.

 

[BLOCK F]

Yes I can access the Telegraph from Germany, I can also access the FTSE which is what you quoted when you said banks took a “mauling”

But, given you supplied a Telegraph link let’s look at this specific article further. The bank they quote with the highest drop, 4%, is Nat West. But looking at their shares over the last 3, 6 and 12 month periods they’ve shown a healthy and steady increase. Now, if this overnight drop of 4% continues day after day and results in a serious downturn, you (and the Telegraph) might have a point. Until then, you don’t.

I’ve explained my thinking in a reasonable manner. Can you therefore explain why you think this is a “mauling?” I’m no expert with shares, but Nat West look decent to me.

Oh come on HT, does it really matter that he said ‘ took a mauling’ when ‘took a tumble’ would have sufficed.
I thought the word Telegraph would get you going, just like the word Guardian does it for me! Have another good German beer and chill.
I had quite a few cans of Hacker-Pschorr in the fridge and just went to get one only to find there were none left. I should have known, my youngest was down from London recently and the little so and so has finished the lot!
My beer supplies have surely taken a real mauling! He may say they have taken a tumble.

 

[Is it PotG?]

No. I don’t agree. Look at the graph over the past 3, 6 or 12 months, there’s been plenty of local peaks and troughs but the overall trend is upwards.

If I was to agree with you, logic states there’s been plenty of “significant hit”s. But also plenty of even more significant increases.

What I will say though , is thanks, because I wasn’t really aware of Nat West shares. They seem really good value and steadily increasing so I might get on board.

We'll agree to disagree.

I tell you what, I've had a good day so I'll reduce mauling to a good kicking.

 

[WATFORD zero]

I can see how it would be a huge worry to you

 

[Is it PotG?]

View attachment 188027

I can see how it would be a huge worry to you

Aaah, here comes the entertainment.....

 

[Bodian]

FTSE shares in banks took a mauling after the hints that Starmer & Reeves are going to enhance the autumn chill with CGT and IHT hits.
Happy days.

I'm sure that you can access it from Germany

https://www.telegraph.co.uk/business/2024/08/28/wealth-tax-looms-pressure-labour-union-paymasters/

View attachment 188025

Oh - I see.

People investing in banks who are profiteering and making large amounts of money out of homeowners ('good profits out of high interest rates') and so on have taken a one day decrease in their investments.

Maybe they could invest in something more ethical?