Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Darth,
“ Gate13Boy,
if i recall you stated many times, well every time i posted, that the SP would not go Sub 25pennies, yet it did, 23pennies..”
You constantly stated that the share price would go below 25p and eventually it did for a few days. What are you going on about now ? And when did it go below 23p ? Not since you’ve been on this BB unless the share price records are wrong.
DT
Come end of the week when trade talks breakdown again negative rates are back on the table
Darth it's a binary choice but you do keep on about it, you've made your point but you can't seem to move on.
Just saying.
Gate13Boy,
if i recall you stated many times, well every time i posted, that the SP would not go Sub 25pennies, yet it did, 23pennies..
It is all good that you think negative rates will not happen, I do think we will see negative rates, Dec/20.
good luck
DYOR IMHO
“ The committee is made up of nine member and she is not the only one who disagrees with Bailey & co...
Some are just more vocal than others, you need to research more.
DYOR”
Why do you keep quoting the same person then Darth instead of the others ? It’s clearly you that needs to do a bit more research on it.
DYOR
Gate13Boy,
"You beat me to it PSK.
You might want to keep quoting Silvana Tenreyro Darth but clearly not all agree with her."
The committee is made up of nine member and she is not the only one who disagrees with Bailey & co...
Some are just more vocal than others, you need to research more.
DYOR
Quite so PSK, but I think DT must fancy Silvana Tenreyro as that's probably the 5th time he's mentioned her, it fits in with his views.
You beat me to it PSK.
You might want to keep quoting Silvana Tenreyro Darth but clearly not all agree with her.
PSK,
this side of xmas, Dec at the latest imho..
DYOR
Sharecast News) - A top Bank of England official said he believed that 0.1% was likely to prove the floor for the price of money in the UK.
Nonetheless, he added that the monetary authority was "duty bound" to study a move below zero as a possible option to help foster an economic recovery.
Speaking at Britain's Society of Professional Economists, Ramsden said: "For me, I see the effective lower bound still at 0.1 which is where Bank Rate is at present."
His remarks echoed those of Governor Andrew Bailey, according to whom Bank was analysing and preparing to implement negative rates in case they should ever be needed, but that no one should "read any more into that".
On 22 September, Bailey told a webinar hosted by the British Chambers of Commerce: "nobody should read more into" the statement from the last Monetary Policy Committee meeting.
"It would be a cardinal sin if we stated we had a tool in the box we didn't think we could use in practice. It is no surprise we're going to do this work," the Governor said.
"We are not about to use them imminently. It will take time to do this work," Ramsden also said on Monday.
That comment also appeared to be in-line with Bailey's thinking, who on 6 August had indicated that a move into negative might in any case be more effective once the economy was in a recovery phase, whereas now it could be counterproductive due to its impact on lenders.
Gate13boy,
Yes savers have not had a great time of it but again that was also down to the fact that they wanted people to spend and these latest cuts to NS&1 rates will be the straw the broke the camel’s back....
as for negative rates and reading too much into it , the BoE, Silvana Tenreyro, is backing the early adoption of negative interest rates to boost the struggling economy this will, imho, gain momentum ….
DYOR
Darth,
“ Gate13boy,
i totally disagree, these cuts discourage people from saving”
People have been discouraged from saving for over a decade now with base rates at or below 0.75% throughout that time.
NS&I are habitually slow at changing their rates and have now moved. It would make no sense for them to pay out interest at a higher rate than market rate when the interest they are receiving is being cut. They left their rates unchanged (after the base rate dropped to 0.1%) to get money in and now have cut them.
I hold premium bonds. They are no longer sending warrant cheques in the post soon to save money having put multiple winning cheques in n the same envelope a few months ago. Their margins are clearly being squeezed.
You’re reading too much into it if you ask me.
" I think my point is that these flats should be more like £150k but what do I know."
yes of course and i do agree, but even at that level if credit / mortgage offerings continue to tighten and jobs are lost then prices may continue to fall....
DYOR
Triflepig, there is one Gap that we need to watch, the Aspiration gap..things are looking grim for the under 25yrs, are these not the wave of 1st time buyers that just got hit with both barrels...
DYOR
Gate13boy,
i totally disagree, these cuts discourage people from saving, but it could result in people hoarding cash especially since the credit lines are squeezed.
I was reading about the massive fraud cases , businesses registered after a certain date being approved for Govt loan who were clearly not eligible, who is going to pay for that and will anyone be held accountable or will joe public have to absorbe that up as well?
You really do have to question the loan creditably checks, we are talking about a date, it's not like the process was hard for both parties, being the Bank & client..
DYOR
Yes pushing more savers on to the market where this surplus cash can be dissolved to make more room for more printed money to be released keep the great big wheels turning buyer beware imho dyor
Good Morning Trilfepig,
yes i know exactly what you are saying, it needs to be affordable housing with availability to credit, this tightening of offerings by the banks will damage that process. The moines people have saved may well disappear into the ether, as job losses , defaults and businesses fail.
The recent cuts to NS&I savings rates and premium bond rates were entirely predictable and overdue. Premium bonds for example were paying 1.4% on average luck, totally out of step with a base rate of 0.1%. The reduction in their rate in my opinion is nothing to do with negative interest rates, but more a realignment with the market in general.
..Mortgages are so inaccessible now...
First-time home buyers are having to save up more to take out mortgages. Most lenders are now asking for a deposit of 15% of the house's value. That's a big change from six months ago, when it was common for them to offer mortgages with deposits of only 5% or 10%. For thousands of would-be home buyers, that means saving up for several more years.
I feel this will only add weight to Silvana Tenreyro, one of th Nine BoE committee members, who backed the early adoption of negative interest rates to boost the UK struggling economy. I view the recent cuts in NS&I savings a precursors to the introduction of zero rates and my estimate for this would be Dec at the latest...
DYOR