RE: Special bank tax12 May 2026 16:56
Agreed Whight...Wes is a sharp, young Essex lad on the make and a true champagne socialist in the making, so unlikely to upset the City........two problems with him.....his majority in Ilford North is a miniscule 528, so in a general election, in the current mood of the nation, he'd get slaughtered, probably by anyone who Reform put up, including mickey mouse !!.
Secondly, in his formative years with the labour party, as a young sprog, he was very close to Mandelson, which probably seemed sensible at the time, but doesn't look too clever now. Imagine the digging the Daily Mail would gleefully do on that, if he ever got the top job.
Herein lies the awful problem.....much as it irks me to admit it, there is, currently, no viable alternative to Starmer, which indicates how low, in political terms, we've come. Hence I arrive at the odds on bet that, for the moment, bank profits look fairly safe and increasingly attractive.
If interest rates stay put, of even rise later this year, NWG will absolutely cream it. Interesting dilemma !!.