The real problem is sadly there needs to be industry boards that council on pay and terms and conditions for the whole industry and not just rmg (company specific) unions, otherwise you do create the race to the bottom on employment terms to be competitive.
Then everyone can be paid fairly and competition becomes more who delivers the best service, rather than who does it the cheapest, due to cost cutting everyones terms and conditions. At same time productivity should be rewarded for each employeee on their own productivity they give to the company and its performance. Then everyone wins.
Indeed carrington - stocks so cheaply valued with the yield as it is and global int rates looking to stay low for years more to come, the global fund managers will be slowly switching into value stocks like rmg strike or no strike, brexit or no brexit they are just miles too cheap.
Thanks re Aviva bit fortunate with timing as seems to have gone up 10 per cent in last week. But holding them for the Income.
Hi red. yeah i was back in london office when plane hit and was just an out of body experiance watching it, knowing was socialising and chatting to the cantors brokers over the open phone lines/speaker boxes just days before. The building i was working in was the saloman building on world trade centre, it didnt come down with the twin towers but needed to be pulled down as it became structurally unsafe after, due to the twin towers falling. But the incredible thing i remember was how big a building the twin towers were and its incredible they could fall and they also had an underground shopping centre and train stations underneath them. Extremely tragic.
Red - that is very strange as i also was working in new york in the world trade centre square for my bank at the time (standard chartered bank) for a period of 3 weeks to cover someone on holiday. I was staying at the millenium hilton at world trade centre for 3 weeks and checked out 2 days prior to the tragic event, in which i lost some close broker friends, at cantor fitsgerald whom i had been out with socialising days before.
end of day successful govts have been middle grounded labour and conservatives and if people want a better life, sadly there is only one way. Go out there and work hard, save and buy assets that will do good for your future. This country provides lots of opportunities for everyone, but its up to the individual to go and cease that opportunity. It also does look after its sick, with a fantastic nhs and vulnerable through benefits, but the conservatives dont want to look after the lazy, whereas labour steer in that direction, thinking everyone is in need and always brings massive debt to the country, like they did on the last administration.