Member Info for Dorfan

MD

So you are saying that Labour was justified in wrecking peoples pensions, I think a lot of people will disagree with you on that one

Hardup

Some people seem to have forgotten how Labour screwed over millions of peoples pension funds. Many people are financially worse off in retirement now or in the future.

G13B

“Then again, Labour will let even more in with their quota deal they intend to draw up with the EU”

I’ve lost where I saw it now re Labour and the agreement over migrants/asylum seekers etc but the gist was that the quota as such was open ended. Basically no limits.

Avocet123

I believe we were in the EU when the list of interest rates were in place below

Bank of England base rate 1979-2017

Bank rate at year end (%)*

1979 17

1980 14

1981 14.375

1982 10

1983 9.0625

1984 9.5

1985 11.375

1986 10.875

1987 8.375

1988 12.875

1989 14.875

1990 13.875

1991 10.375

1992 6.875

1993 5.375

1994 6.125

1995 6.375

1996 5.9375

1997 7.25

1998 6.25

1999 5.5

2000 6

2001 4

2002 4

2003 3.75

2004 4.75

2005 4.5

2006 5

2007 5.5

2008 2

2009 0.5

2010 0.5

2011 0.5

2012 0.5

I’m sure the UK could have the same opportunity if we changed our tax system for large multinational firms. Something tells me though that the EU has some clause on us that prohibits us from doing it but I can’t remember if it was for this. I am sure someone will be able to update us/me on this.

Livestock

“ If you have an income of more than £10,000 a year from savings, dividends and investments, you need to complete a self-assessment tax return. ”

Does this still apply if you have shares in ISA’s.

P51

Why should we pay them and the government still pick up the tab for free accommodation etc.

P51

“ As for bringing in more Eastern Europe & all of Africa think we have enough already instead of putting them up in hotels put them to work thats what they have come over here for os is it a free lunch”

Can you imagine a mini bus arriving at 8 in the morning to take them to work in the fields picking whatever needs to be done and then telling them they won’t get paid as it off sets the cost of keeping them until such time a decision is made on what happens to them. All the wokes will be bleating slave labour again.

Nomlungu

“ The CONservatives got into power in 2010 when the National Debt was around £1.08 trillion. It reached around £1.9 trillion before Covid struck. They managed to nearly double the National Debt during Austerity. ”

It doesn’t really matter who is in power these days, the debt is more than likely going to climb further. It just depends how much.

Where do you see the debt will be in four years if Labour get in?

Https://www.investments.lloydsbank.com/markets-and-commentary/market-news/article/?id=7623105&type=bsm

It only takes for a re shuffle within the first few months and everything Reeves promised is no longer valid. All parties play this game, nothing new here.

LTI

The response I was expecting and not disappointed.

It may or may not surprise you I have been in many staff share schemes over the years. They don’t all work out well at the end of the term and in fact some turn out to just be a savings scheme to cash in. Pays for a holiday or goes to a new car.

Also, people don’t join the company because of the share scheme, they join it because of the skill sets they have and want to make a difference to the future of the company.

In fact most people I know would now rather have a cash bonus each year instead. Something else that might surprise you is how many are gutted that the shares they have purchased no longer reflect a positive profit, in fact they have made a loss.

You know as I do, playing with shares is not a get rich quick game.

LTI

No

LTI

Which is why I am not a fan of staff share or bonus schemes.

Hardup

“ Then there would be less money available for the buyback kitty so less shares bought back. Swings and roundabouts.”

Yep, I could see that as well. If you kept the core shares in a so called static position and just chipped away with buybacks at a lower amount, then the volume reduction would be a more known variable over a given time frame. Would that help the share price increase uniformly as well? Who knows.

LTI

“ New shares by way of staff purchases/remuneration are relevant to the total voting rights number and totally irrelevant to the number of shares repurchased and cancelled by recnt programmes . ”

Is there any reason why these shares can’t be purchased from the current volume in circulation from the profits LBG create?

Just adding more of these shares at nil cost dilutes the value of those already in circulation and is of no benefit to you, me and all the other shareholders.

LTI

Well that report bodes well for going forward then.

It doesn’t matter who is in power, they will all try to shaft us with stealth taxes of some kind.

What I find amusing is that when a government makes unpopular choices the other side moans like hell about it saying they wouldn’t have done it but when the other side gets into power do they ever change those previous heinous unpopular decisions, no.

There is another possible pension scam involving people that have paid into SERPs years ago to have an increased pension. The government is now saying that if the old state pension plus the SERPs addition is less than the new enhanced state pension then your SERPs will not be added to the new state pension because they are saying that you are actually getting more. Effectively they have stollen those contributions.

If you had not made those contributions in the first place you would still have got the new state pension and saved yourself a lot of money.

Gunsup

I seem to remember that the government has pledged to keep the triple lock until the next election, I stand to be corrected if I got this wrong.

Regardless of whatever happens I shall look forward to getting mine at some point in the future.