RE: Lloy sp22 Apr 2019 17:04
For Lloyds and the other banks your better off trying to discover how the UK is going to give up it's addiction to low interest rates,it's a massive subject and has greater impact than brexit.
Someone here said "debt just brings labour forward" which i still cannot understand,debt to me brings consumption forward and commitment.The late 80's brought on by Thatcher encouraged the masses to debt,loadsofmoney,look at my wad culture.The positive side to manipulating the masses to debt is commitment,once they are caught in the trap you can then control the pressure by interest rates and you know you have a willing work force to pay off the debt.The question now is can we raise the pressure a bit,we have full employment,albeit casual work,low productivity but could we get a few more hours out of them.We've just stung them from the 1st of April for more private pension contributions so any rise has to be carefully implemented but 0.5% by end of year would be nice and a little bonus for savers!