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Red herrings those boomer. A standstill arrangement as it was suggested by some in the ERG and Johnson was based on Gatt rules, but we know that's not viable in a no deal. What you describe suggests you simply think a withdrawal agreement will be made and a transition period approved. If you don't know it's ok.
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Caliato .. no one has forgotten our deficit with the EU. Its just that its not had the predicted effect. The reson being deficit or surplus, it's still trade. Imports are as important to us a country as exports, probably more so. There's no viable option you could call a 'stand still arrangement' either is there .... do you feel able to desribe how it would arise and on what legal basis ?
"We haven’t taken a view about the merits of a cashless society. We haven’t concluded that it’s impossible, or even undesirable. But our research shows that if we fail to plan and prepare for it properly, a cashless society would do significant harm to the millions of people who would be left behind"
That's one statement by the BOE from their 'Access to cash review'
Where do you see spin in that Wids?
No one is spinning a line about cash - least of all BOE - they and people generally expect cash will go in the end - its common sense - as demand falls away until a critical point is seen which invites a decision to plan for transition. Whether that's in 10 or 15 years no one can be sure, depends on retailers, behaviours and technology. The pressure is on from the population, and vendors. BOE's job is to keep cash alive and supported as long as its practically needed and then manage the transition when it comes as seems likely. It recently pulled a group together in the finance sector to make sure cash is supported properly.
https://www.bankofengland.co.uk/news/2019/march/boe-welcomes-access-to-cash-review
The most valuable asset on earth now is data so they say.
https://www.economist.com/leaders/2017/05/06/the-worlds-most-valuable-resource-is-no-longer-oil-but-data
And one of the biggest threats to freedom. The Great Hack on Netflix....
https://www.digitalspy.com/tv/ustv/a28517243/the-great-hack-netflix-cambridge-analytica/
Don't know that Hammond was fighting for a cashless society to enslave people. He announced a review of people's opinions of denominations with a focus on possibly scrapping 1 and 2 p pieces, a thing discussed for many years. They cost a lot to make - 500 million a year - 300 million of which go into jam jars after 1 use, 40 million are thrown out so research says. But replies were that such as children and machine operators rely on them, so the decision was to keep them indefinitely. There was also a question over £50 notes - used in crime a lot. The decision was to stay as we are though. There's 70 billion in notes in circulation - twice as much as a decade ago.
"Always remember there's people dealing with the aftermath, oiling the wheels so people like you sleep soundly at night".
God I know Wids - God, them out there oiling the wheels at night, while we sleep, that is everyone but you of course. God. I don't know how I do it but I do. They told me it would be like this when I retired and I didn't believe them. Me sleeping and them oiling the wheels and holding meetings and all. Shift work they say it is. Then just when I start to forget they call me back for one last job, and I say no, but then I think of ER2 and the country and Buckingham Palace but I still think no I won't do it. Bit then I think, oh bugger it, its only a month and I need some new tyres and the Mrs wants a holiday. So I go and do it but I tell them I'm not oiling them wheels again, do that yourself whoever you are I say.
On subject of share schemes I was reading about Amazon and Marks and Sparks. The diffrence in corporation tax was astronomical. A problem that needs sorting out imho. The other point being it reminded that share schemes can be offset against cofporaton tax, and I'm pretty sure buy backs will reduce taxation on profits too. Think there are more reasons for buybacks which benefit company and stockholders than just pumping up the EPS.
“negative rates stagnating the economy”. “back to normal monetary policy and end the current artificial low rates”.
“don't recall writing that I don't like the current interest rates”
Take your word for it then. Happy to hear it.
Yeah but no but yeah but
Wids
This is answered completely - I don't wish to be rude so I won't tell you how silly you look keeping up with this. To try and stop you bleating on however.... No I do not think ZIRP and NIRP are good things in the same way I don't think having an operation to have a broken limb plated is a good thing. They are both preferable to the alternatives. So long as the global economy is as it is however, and so long as people keep voting for those who want to conduct trade wars, introduce sanctions in the Middle East threatening trade and possibly real war, and those who want to damage the UK's economy for no good reason then we will not get optimal rates.
What rates do you think should be set ?
Cycling's governed by a lot more than Newton's laws of motions. We have conducted many such tests already, all rather one sided outcomes I'm afraid. How is Boeing and RyanAir doing after following your advice on regulatory approach?
And here's a chemical equation for a puddle. It's not a difficult one but it builds on what you know.
H20 = H2O
Puddle = Puddle
You can mull it over while cycling in the rain.
Wids, my posts are clear enough. And as you see, the question about what rates should be, is already addressed to those who are complaining about them, such as yourself maybe. I don't like rates as they are but I understand why they are there and the dangers of raising them oblivious to the global economy. I would prefer the credit crunch never happened, but it did. I would also prefer Trump wasn't waging trade wars and I would prefer the UK didnt hammer its exports and imports with pointless tariffs and non tariff barriers through a no deal. If those things are ended we might get better rates.
I would leave the panels of diverse people whose careers and reputations are on the line to set them. So.. more to the point whst interest rate would you set?