Member Info for Darth.Trader

The building safety scandal could lead to the next banking crisis if leaseholders are forced to pay for repairs, MPs were warned yesterday.

Former Bank of England economist Dean Buckner said widespread mortgage defaults could spark a Northern Rock-style run on the banks.

His dire warning came after campaigners told the Commons Housing Select Committee that ministers needed to ask them for a spreadsheet of building safety data because they ‘had no handle’ on the scandal themselves.

Mr Jenrick has set aside £5billion to replace unsafe cladding on buildings above 18 metres (60ft) in height.

But hundreds of thousands of families living in smaller blocks face bills of up to £600 a year.

Meanwhile, all affected leaseholders still face average costs of £25,600 each to fix non-cladding related defects. The Mail is campaigning to end the scandal.

Mr Buckner, who is now advising charity Leasehold Knowledge Partnership, told the select committee that unaffordable bills would cause borrowers to default on their mortgages.

He said this would erode capital lenders have set aside to ‘absorb losses’, adding: ‘If banks become clearly in trouble, that then affects all of us, because we all have money with banks.’

DYOR

finance spokeswoman attacks Chancellor Rishi Sunak as being “economically illiterate” and that his policies have cost jobs...

https://twitter.com/business/status/1366416964235780098
DYOR

TLF, You better get buying as this might be the last opportunity to buy in 39...range, and you like it up here.

see you on the "way down" Elvis...
DYOR

TLF, your not a holder either you had borrowed the stock for your Spread Betting positions, probably off an II who is getting a handsome fee. So when are you going to put your money where your mouth is and become a Lloy shareholder?

DYOR

TLF "Just feel sad for those who sold last week at sub 39p.
Once the sp has gone above 40p, they won't be able to buy back."

Desperate Lies.
why, if this ever did get above 40pennies then why wont PI's be able to buy...
spread betting Positions have moved against you i see, does not look like you will make your break-even 41.5p

DYOR

Snige i wonder what infamous traditional note the conservatives will leave for eh next Govt, "Sunak Mars HS3 budget broke the donkey back"....
DYOR

Them positions moving against you....

DYOR

well have ALL noticed that if Mrs Bucket is not creating spats then she often joins in on ones that she did not create...
DYOR

AParma, "There are no plans to "target" anyone registered or not as individuals. If people refuse they refuse."

no everyone has jab the jab yet, so you can not rule out targeting , education, doctor request etc......
I'm as you say "You are making a case for an amnesty on illegals", i'm pointing out that if they are not vaccinated then this will cause problems, but you seem to think 70 % is ok as you are basing this on herd immunity...
so lets take that figure globally...then..! Tell you what shall we skip the odd small country eh.!
DYOR

"Well aren't you pleasant! Filtered."

Thank you, I'm relieved.
DYOR

AParma, "The number of non vaccinated will be more than 1 million. A lot more will refuse than that. But he'd immunities around 70% so we should manage."

i feel so much better, thanks.
wtf..! people who refuse will have been registered, therefore a known register that can be educated, targeted etc....
Immigrants will be fearful of losing jobs, etc....employers will not want to targeted by authorities, fines, etc....
they need a deal, simple.
DYOR

Coronavirus ‘amnesty’ to get undocumented migrants vaccinated will not be enough, ministers warned..
Coalition of 140 organisations write to ministers urging concrete action to end 'hostile environment'
A government "amnesty" for undocumented migrants to encourage them to come forward for Covid vaccines will not be enough, minsters have been warned.

Over 140 charities, faith groups, local authorities and medical organisations have written to the government urging more action to ensure an estimated 1.3 million people feel safe coming forward.

Downing Street on Monday said there would be no checks on immigration status at vaccine centres and that "those who are here illegally can come forward to receive a vaccine".

But groups including the Refugee Council, The Faculty of Public Health, Trades Union Congress, Medact, Migrants Organise, and the Joint Council for the Welfare of Immigrants (JCWI) say many could still be left unvaccinated unless concrete action is taken to roll back aggressive policies.
https://www.independent.co.uk/news/uk/politics/coronavirus-immigration-amnesty-vaccine-b1799280.html
DYOR

Guitarsolo take your certs and stick up were the sun does not shine as we have ALL seen people who are far more qualified than you get this wrong from day 1.
If the UK Govt do NOT offer better terms to immigrants, then potentially the exponentials are massive as are new variants…
get off you high horse and look at the problem and stop being an idiot..
DYOR

"People living in the UK unlawfully won't be risking deportation by coming forward for a coronavirus jab, the government has said.

Ministers say they want everyone to get vaccinated and are urging illegal immigrants to register with a GP.

The vaccine is free, regardless of a person's immigration status.

However, the policy is not an amnesty for immigrants and no-one will be given leave to remain in the UK as a result of being vaccinated."
https://www.bbc.co.uk/news/uk-politics-55978334
DYOR

AParma, "Vaccination amnesty was announced 3 weeks ago."

yes but that does not give them the right to stay in the UK....The Govt had been quite clear on that matter.

DYOR

Guitarsolo, are you stupid? if everyone takes up the jabs, then they will be able to handle new varients; howver if 1 million people dont take it up then there will be new variants. 1 million potentially hits The NHS, the economy, etc. etc...

DYOR..!

Rosewall, "until an amnesty is made, the risk of continual spread will be ever present."

Yes and i stated a few times in recent weeks the Govt will have ot offer something up to these people or it could be a waste of time, time which we dont have if we are to truly tackle the problem, after all any spare vac supply will be donated to poorer countries so....

Guitarsolo, yes i dont disagree; however individuals who do NOT get Vaccinated are a major problem in preventing more variants spreading... ...
also we have Undocumented workers an 'invisible public health risk'...
https://www.bbc.co.uk/news/uk-england-london-52919418
DYOR
DYOR

'Now is not the time for tax rises', say MPs....

https://www.bbc.co.uk/news/business-56233315?at_custom2=twitter&at_custom1=%5Bpost+type%5D&at_custom3=%40BBCBusiness&at_custom4=8CA0CE0A-7A88-11EB-A159-FBC696E8478F&at_medium=custom7&at_campaign=64
DYOR

TLF "ou are desperate and becoming irrational in your negativity.
By all means, all view are welcome but not lies and misleading.....IMHO"

There are 1.2 million illegal immigrants in the UK - a quarter of the entire total in Europe.
https://www.telegraph.co.uk/politics/2019/11/13/12-million-illegal-immigrants-uk-quarter-entire-total-europe/

DYOR