Member Info for Eureka1963

Https://www.bbc.co.uk/news/articles/c203edl1zq3o

The UK economy failed to grow in July, following the biggest contraction in manufacturing output for a year.

In July itself, manufacturing contracted by 1.3% - the sharpest monthly decline since July last year.

Dismal.

compensation for immigrant:

in mr adegboyega's case, the sshd was ordered to pay over £203,995.24 in damages. a nigerian national, mr adegboyega was unlawfully detained at brook house immigration removal centre for 88 days in 2017 despite having the right to remain in the uk as the spouse of an eea national. the damages included compensation for the arbitrary and outrageous exercise of executive power, breaches of article 3 of the echr due to the poor conditions at the centre, and the post-traumatic stress disorder the claimant suffered as a result of his detention.

compensation for uk military death that occurred in service. [fighting for this country]:

types of bereavement compensation

• an ongoing taxable income stream paid for life to an eligible partner known as a survivors’ guaranteed income payment (sgip). there are numerous factors that are considered with this payment, the working example provided an income of £11,000 per year.

• a taxable income stream for eligible child(ren) known as a child payment (cp).

• a one-off tax-free grant of up to £37,500 (see paragraphs 4.29 to 4.37) paid to an eligible partner or eligible child(ren) known as a bereavement grant (bg).

thanks for your service, er...by the way the sgip is taxable so we will be taking some of that back.

how ****ed up is this country????

Https://www.bbc.co.uk/news/articles/c5y8xpxp3r6o

9 September 2025, 12:00 BST

Millions of motorists should be paid compensation next year for the mis-selling of car loans, the UK's financial regulator has told MPs.

The payouts are over commission arrangements between lenders and dealers, and inaccurate information given to car buyers following a ruling by the UK's highest court.

While the Supreme Court decision limited the breadth of these cases, up to 30 million agreements between 2007 and 2020 could be reviewed. Not all of those will be eligible for compensation.

The Financial Conduct Authority (FCA) has said a finance redress scheme is yet to begin but it is planning an awareness campaign explaining how the payouts will work, who is eligible and how they can claim.

"It will be pragmatic, proportionate and fair to all sides,"...Yeah, right.

..."who wanted to give White British Males longer prison sentences than immigrants."...

While the country reeled from the Sentencing Council's attempt to introduce race-based sentencing leniency, in January the Labour Justice Secretary Shabana Mahmood and her department quietly published new probation service rules that set the stage for two-tier bail procedure.

Under this framework, judges are instructed to "prioritise" cases involving ethnic minorities (and trans-identified suspects) on the assumption they face a "disproportionately higher risk" of being remanded into custody.

It explicitly calls for judges to consider factors such as “important historical events which may have had a greater impact on those from specific groups and cultures.”

That presumably includes events like the slave trade, past wars, and colonialism—historical moments that can apparently cause “trauma” for the descendants of those who experienced them.

https://assets.publishing.service.gov.uk/media/6787a1d25a1adfc79556df1e/2024_01_14_-_Probation_Court_Services_Policy_Framework.pdf

Case Prioritisation 4.3.{pg. 22}

Ethnic Minorities 6.85. {pg. 45}

Across the whole political spectrum this is where Labours priorities lay, it always will be.

Reports that the Labour government is preparing to deport 100 individuals are based on a specific reference in a recent article in The Spectator.

"I read the other day that the Labour government may soon be in a position to deport 100 illegals. The same day as that was announced, several times that number of people arrived on the south coast in dinghies."

Sorry, what was the deal, one dinghy in, one individual out? Further ridicule when those figures are officially released.

Https://www.markpack.org.uk/174682/council-by-election-results-scorecard-2025-2026/

Net Results

Reform +30

Labour -22

Those results are not 'Ambient Noise'.

'Ambient Noise' or 'Clear Signal'?

https://www.electoralcalculus.co.uk/blogs/ec_mirrorpoll_20250707.html

People are feeling worse off after a year of Labour

People say that Britain is on the "wrong track"

People don't think it's clear what Keir Starmer stands for

People think he doesn't share their values

People don't think Labour is focusing on the right things

1. Family finances

More people (46pc) are feeling worse off than better off (12pc) in the last twelve months.

2. Britain off Track

A majority (55pc) of voters think Britain is on the wrong track under Keir Starmer.

3. Unclear Keir

Nearly half of all voters (48pc) think that Keir Starmer does not have clear values and priorities.

4. Values

A clear majority (63pc) of the public think that Keir Starmer doesn't share their values.

5. U-Turns

The public don't have a very clear opinion on this, though about twice as many people agree that the government lacks the courage of its convictions.

6. Out of Focus

Nearly half the population think Labour is focusing on the wrong thing.

7. Reform threat

The public are united in seeing Nigel Farage and Reform as a bigger threat to Keir Starmer than the Conservatives under Kemi Badenoch. A chunky 60pc of people said Reform, and only 6pc said the Conservatives.

Andrew Bailey, Governor - 10 April 2025

https://committees.parliament.uk/publications/47694/documents/249151/default/

Reserves held by the banks at the Bank of England are central to our objectives – monetary policy, financial stability and the provision of payments in the economy. The scale of reserves is in practice determined by the financial stability objective, because they are the most liquid form of money and act as the first line of defence for banks in terms of liquidity in normal and stressed times. It was an important lesson from the financial crisis that the high-quality liquidity buffers needed to be much larger. There are alternative high-quality assets in which these buffers can be held and are held. But, if not held as reserves, to convert them into useable money would require, in the absence of markets say in stressed times, that the banks conduct transactions with the Bank.

Our policy is to meet the demand for reserves by the banks. We do that through lending at the prevailing official interest rate because that is an important part of the transmission mechanism of monetary policy. Moreover, if we changed the terms of reserve provision, the banks would therefore most probably reduce their demand for reserves and substitute other assets. Such an alternative system would be less efficient and robust.

The Role of Central Bank Reserves:

The Bank of England’s balance sheet plays a crucial role in the UK economy. The Bank’s main liabilities are central bank reserves in the form of deposits from commercial banks and building societies. These reserves are the ultimate form of money and liquid asset. This means that, at the most basic level, they ensure that everyday payments can proceed seamlessly by allowing banks to meet pre-funding requirements for retail payments and to settle wholesale balances. Beyond this, precautionary holdings of reserves insure against costly liquidity crises that could otherwise threaten the stability of the financial system in times of stress. Since reserves are remunerated at the official Bank Rate, they also pin down the short end of the interest rate curve. In this way, in addition to providing an anchor for financial stability, central bank reserves are the means through which the Bank implements the Monetary Policy Committee’s monetary policy decisions to meet the 2% inflation target.

Central bank reserves, in other words, form the core of the payment system and are central to achieving the Bank’s statutory objectives of both financial and price stability.

Commercial banks in the UK are not legally required to hold a specific minimum amount of reserves at the Bank of England (BoE), however there is certain amount assets are classified as unencumbered – cannot be used (2024 £m 4,359).

Lloyds Bank has held excess reserves, but it should be noted that those excess reserves have declined steadily over time:

Cash and balances at central banks:

2022 £m 91,388

2023 £m 78,110

2024 £m 62,705

So, as interest rates are reducing, Lloyds Bank are withdrawing from those excess reserves, and it could be concluded that Lloyds Bank are investing those excess reserves into financial projects with a better return than the Bank Rate at that time.

Commercial banks in the UK decide how much to hold in Bank of England reserves based on their day-to-day liquidity needs, their overall lending strategies, and the Bank of England's monetary policy, especially the interest rate it pays on reserves.

The UK has operated a "floor system" where reserves are remunerated at Bank Rate, which keeps short-term money market interest rates very close to the Bank Rate. Because banks are paid interest on their reserves, they have less incentive to lend them out at lower rates.

If commercial banks have to pay a ‘QE reserves income levy (>2%)’, or were subjected to zero interest rate, why would they hold any excess reserves with the Bank of England. Those huge sums would be put to better use which would affect the rate of inflation.

In order to avoid a surge of inflation, each bank would have to have a minimum quota of non-interest-bearing required reserves assigned to it. It would not be allowed to let its balance go below the quota, and the quota would ipso facto become an illiquid asset. The banking system would be less well protected against a liquidity crisis than it is now.

The IPPR Report is disingenuous in the way they present the percentage increase in commercial bank share prices (December 2021 - May 2025). Conveniently excluding the share price reaction to post-COVID, with no inclusion of the share price at the start of COVID share price cliff-edge fall (Jan 2020 c.62.5p).

This share price graph is the very first presentation of any data that the IPPR rely on in their Report.

Also, IPPR calculations are based on Bank Rates of 4.0% (2025/26) and then 3.8% thereafter, (2026-30). IPPR calculations should have incorporated a high-case and low-case Bank Rate scenario, as there is no way of knowing what the future Bank Rate will be.

Https://www.ukfinance.org.uk/policy-and-guidance/reports-and-publications/2024-total-tax-contribution-uk-banking-sector

2024 Total Tax Contribution of the UK banking sector:

The analysis in the report estimates the total tax contribution of the UK banking sector to be £44.8 billion for the financial year to the end of March 2024, up from £41 billion the previous year.

This is the highest contribution since the study started a decade ago and represented 4.7 per cent of total UK government tax receipts in the same period.

The report also includes analysis of the UK's current and projected tax levels for a typical corporate and investment bank relative to other global financial centres. For 2024, London’s total rate (45.8 per cent) is notably higher than New York (27.7 per cent), Dublin (28.8 per cent), Frankfurt (38.6 per cent) and Amsterdam (42.0 per cent). London is also projected to have the highest TTR in 2025.

https://archive.is/v6ka4

Don’t raise taxes on banks, Barclays boss warns chancellor:

The boss of Barclays has cautioned the chancellor against raising taxes on banks in a rare warning to Rachel Reeves from one of her leading allies in the City of London.

CS Venkatakrishnan, the chief executive of the FTSE 100 lender, said that banks were already “among the biggest taxpayers in this country” and argued: “Growth is the primary objective for the UK and a higher taxation of businesses is not a path towards that growth.”

The bosses of Lloyds and NatWest have also warned against increasing the industry’s tax burden.

Charlie Nunn, who runs what is the UK’s largest domestic lender, suggested that lifting levies on banks would harm the international competitiveness of the City of London and would be inconsistent with the government’s goal of growing the country’s financial services sector.

Nunn said: “We already have the highest tax regime on the financial services sector of any major economy.”

He said that Lloyds was proud to be one of Britain’s biggest taxpayers, “but it is important when you look at the competitiveness of the City of London and the financial services sector that we remain a competitive tax regime”.

Reeves stated that financial services were “at the heart of this government’s growth mission” but Nunn warned that this “wouldn’t be consistent with tax rises”.

This uncertainty is not good for Lloyds shares and the think-tank report, and resultant share price fall, demonstrates how corrupt this market can be.

FIXING THE LEAK

"The contents and opinions expressed in this paper are those of the authors only."

Wonder which financial institutions financed this report and what they had to gain?

Https://www.cityam.com/lloyds-to-hand-shareholders-17bn-by-2027-analysts-say/

Lloyds Banking Group shareholders are set for a bumper payout with analysts projecting the lender will return over £17bn to investors by 2027.

Lloyds’ “longer than average” structural hedge would boost takings in the year to come. Structural hedging is key strategy deployed by banks to shield profits from interest rate swings.

The bank is set to benefit with old earnings hedged on lower rates maturing and set to be replaced with new ones at the present higher interest rates.

This boost from this strategy alone is set to add over £1bn to Lloyds’ profit in both 2027 and 2028, they said.

The £17bn pencilled in for distributions marks a 20 per cent upside to market consensus. But analysts believe a “move to a half-yearly buyback program could add around £1bn to this as early as next year”.

They added Lloyds’ strong hedge meant it “may overtake” its domestic-focused rival Natwest’s return on tangible equity, which measures how efficiently a bank uses its core capital to generate profits.

FANTASY:

https://x.com/ukhomeoffice/status/1958789619887075509

8:13 AM · Aug 22, 2025

Failed asylum seekers and foreign national offenders will not be allowed to freely roam our streets.

We are taking action. 

Over 35,000 people with no right to be in the UK have been returned.

https://www.gov.uk/government/news/first-illegal-immigrants-detained-under-landmark-uk-france-deal

In its first year in office, this government returned more than 35,000 people with no right to be in the UK.

REALITY:

Breaking down the c.35,000, there were 26,388 voluntary returns, and approximately half (49%) of all voluntary returns, are those who departed the UK without informing the Home Office.

Enforced returns in the year ending March 2025 totalled 8,590, breaking down that number, Albanian nationals represent the most common nationality of enforced returns and accounted for 29% (2,530) of all enforced returns in the last 12 months.

Albanian and Romanian criminals, sorry, nationals account for nearly 50% of all enforced returns year ending March 2025.

Let those numbers sink in.

Labour, so desperate to have the electorate believe that are the party to be trusted to remove immigrants that have no legal right to stay in the UK, that they include those that have left the UK without informing the Home Office.

Children and young people, in the UK, are not being adequately prioritised within our health system. For too long and far too often, the needs of our children and young people have been ignored by national policymakers.

The lack of focus on children in policy, and especially in health policy, has resulted in poor health outcomes in children and young people. Children in the UK now have some of the worst health outcomes in Europe.

A record number of children and young people are waiting to access health services across the UK.

Waiting lists for children’s health services are rising at double the rate of adult waiting lists and children are more likely than adults to have to wait for over a year to access healthcare.

In due course the children of Gaza will start to appear in our hospital wards through the Gaza scheme to be treated on the NHS. How does this reflect on the medical needs of our own children, will they be pushed even further down the extended waiting list?

This is because of political need, not clinical need.

https://www.bbc.co.uk/news/uk-politics-45634379

Go back to 2018 and the Labour conference and the BBC headline:

“Labour conference: Members fill hall with Palestinian flags”

The 02:46 video in that report is a disgrace to the UK, not a Union Jack in site.

https://www.bbc.co.uk/news/articles/cqjrvl7vkp5o

“With a giant Union Jack flag draped above his head, Nigel Farage received a hero’s welcome as he arrived at Reform UK’s conference in Birmingham”

And there are some that seem amazed that Reform UK are doing so well in the polls, a new survey puts Reform UK 15 points ahead of Labour. Those two contrasting BBC political articles should help some understand why Reform UK is doing so well in poll after poll after poll, and by-election after by-election after by-election.

Https://www.gov.uk/government/statistics/immigration-system-statistics-year-ending-june-2025/how-many-people-claim-asylum-in-the-uk

Published 21 August 2025

The number of people claiming asylum in the UK has increased in the last year to the highest level on record.

A total of 111,084 people claimed asylum in the UK in the year ending June 2025, 14% more than in the year ending June 2024, and 8% more than the previous peak of 103,081 in 2002.

39% (43,600) of asylum seekers arrived on a small boat and a further 11% (12,100) entered through other irregular routes (on lorries, shipping containers, or without relevant documentation).

37% (41,100) of asylum seekers had previously entered the UK on a visa or other leave with relevant documentation, including those entering on an Electronic Travel Authorisation (ETA) to visit the UK from 2024 onwards

Of those 41,000, 36% held a study visa, 30% held a work visa and 22% held a visitor visa.

Study visas have remained the most common visa to claim asylum on.

So, you apply for a study visa then just decide that it's not study you want but asylum as you forgot you were being persecuted. Systematic abuse.

Labour's first year in office sees the highest ever number of asylum applications.

It took the Conservatives 14 years to be despised; Labour has achieved that in just 14 months.

Https://www.infomigrants.net/en/post/61409/migrant-women-in-calais-grapple-with-sexual-violence

Single women living in the migrant camps in northern France are particularly vulnerable. They are exposed to the risk of rape and forced prostitution.

"When they arrive, the women are quickly spotted by smugglers, who pretend to be their husbands and abuse them. Some told me that they were raped every night in their tent, sometimes by several men."

A 2019 analysis found that 63 percent of those arrested for sexual assault and 92 percent of those arrested for petty theft on public transport were foreigners. (Similar patterns have been observed in Germany, where 59 percent of sexual assaults on trains have been attributed to non-German nationals.)

Concerns over the involvement of foreign nationals in violent crimes on public transport have grown, with the SSMSI reporting in 2023 that 69 percent of violent robberies, assaults, and sexual attacks in the Île-de-France transport network were committed by foreign nationals in 2022.

In 2023, 77% of rape cases on Paris streets committed by foreigners.

Does anyone really blame France for letting rapists, child rapists and violent sex offenders from leaving and not wanting them back?

Undocumented, unvetted, unchecked and heading to a town near you...

...in Germany, France and Britain for the first time.

https://archive.is/tZN2l

For the first time in modern history, far-right and populist parties are simultaneously topping the polls in Europe’s three main economies of Germany, France and Britain.

This is a high watermark for the European far right, a once fringe movement whose virulently anti-immigration, anti-Islam and culture-war politics were shunned by the mainstream just a decade ago.

Oh, how times have changed...'Enough is Enough'.

Https://www.lloydsliving.co.uk/news/portfolio-deal-builds-on-strategic-partnership-for-lloyds-living/

June 12, 2025

Lloyds Living, the provider of high-quality private rental and shared-ownership homes, have signed a second major portfolio acquisition as part of their ongoing strategic partnership with Barratt Redrow, the UK’s largest housebuilder.

The new portfolio is made up of 598 high-quality homes across 11 prime locations. The homes are a mix of 2, 3 and 4-bedroom single family homes, catering to a range of people and reinforcing the partners’ shared focus on building communities and providing housing diversity.

This new investment sees Lloyds Living’s total portfolio exceed 6,000 homes, of which over 2,200 are part of the Barratt Redrow strategic partnership.

Https://www.dailymail.co.uk/news/article-14992925/Intoxicated-Nigerian-man-sexually-assaulted-teenager-victim-court-ruined-life.html

Lucy Connolly, publishing written material that incited racial hatred. Sentence; two years and seven months in prison.

Ayomide Famakinde, sexual assault. Sentence; 18-month community order and ordered to do 150 hours unpaid work, as it was deemed that a custodial sentence would be too severe.

'His friend managed to pull him off of her'.

He has been granted indefinite leave to remain in Britain.

Https://uk.investing.com/news/company-news/lloyds-banking-group-partners-with-paypoint-for-cash-deposits-93CH-4214054

Lloyds Banking Group will partner with PayPoint to provide over 30,000 cash deposit locations across the UK, according to a press release issued Tuesday.

Starting August 26, customers of Lloyds, Halifax and Bank of Scotland will be able to deposit up to £300 daily in notes and coins at PayPoint locations, with funds appearing in their accounts within minutes.

The partnership marks the first time high street banks will utilize PayPoint’s BankLocal service, expanding access to cash services in communities nationwide. According to the company, over 99.5% of the UK population lives within one mile of a PayPoint location, with stores operating extended hours seven days a week.

Reform UK is a start-up; Labour and the Conservatives have been in power for so long that they are unable to recognise the strength of feeling of the man in the street and have taken the electorate for granted.

I fully understand, as do others on here, that, today, Reform UK is not ready or in any position to govern this country. That has to be achieved and demonstrated over the next three-four years.

I am fed up with the unlimited migration of low/zero-skilled immigrants who believe they are owed a roof over their heads.

I put my life on the line for this country to put a roof over my head, I didn't just jump into a dinghy for that. Is it any wonder youngsters these days don't want to work or even think about joining the military?

I get a military pension that is taxed...so much for looking after veterans, but, I guess, somebody has to pay for those immigrant hotels.

No accommodation for our youngsters but endless supply for these immigrants.

Why do you think Reform UK did so well in those elections and continue to do so?

The Conservatives, and now Labour, have hardly raised the bar where competence is concerned. U-turn after U-turn does not demonstrate competence.