RE: looking cheap23 May 2019 11:56
exeterchief
Nationalisation just doesnt work, been proven so over many industries many times, I work for a utility company at the time it was privitised, people had jobs literally ticking boxes and nothing else, i saw it with my own eyes, privitisation, whilst not perfect and at risk of shysters robbing people blind, is the lesser of two evils.
ive been investing for over 30 years so wont respond to your comment about Lehmans, i dont like under a rock as you implie.
Private businesses need to stand on their own two feet and not expect handouts from Government of mine and other citizens monies, i dont want shares in British Steel else id have bought some directly.
What i will agree with you is that it is not clever for any country to become dependant soley upon others for basic goods, such as steel food, vehicles, banking or whatever. The same as im not dependant on you to pay my mortgage nor vice versa.
Dont know much about Greybulls so cannot comment, but like you i dont like paracitical buisnesses like vulture capitalists much, the scam that currently gets my goat is all these scummy businesses trying to con the elderly homeowners to release equity that have suddenly appeared, as well as the likes of Sunlife and similar. These will be the next PPI scandel i predict.
Still happy to see Brits staying home and CHOOSING to pay more for their holidays here, they could always go abroad as you say (i do both) but thats their personal choice, you wanna go to Portugal by all means do so, its all about individual choice. I go simply cos the weathers better than living on the North coast in Cornwall where it rains so much.