Royal Bank Of Scotland Share Discussion Threads

[dope007] 22/5/2013 07:09

Highland the oil helps to fund Scotlands higher spend per head on welfare, NHS, and others that are funded from westminster. Salmond wants to keep the pound, keep the BOE backstop, but do and spend whatever he wants. The guy is a powermad moron, and nothing else.

I am againsy any break up and don't support the SNP who are just oppertunists looking for their own power. They will simply bankrupt Scotland worse than the UK already is.

The problem I have on the oil argument is many act as if Scotland only gives, but never takes ;)

[leedskier] 22/5/2013 06:50

Even those reporting the open cannot agree! Will it be higher or lower?

[jazza] 22/5/2013 05:40

David Cameron is to urge EU leaders to back global action against tax evasion and "aggressive" tax avoidance that is causing nations "staggering" losses.

Mr Miliband's speech and the EU summit come on the same day that an Oxfam report is published suggesting people using tax havens are depriving the world of more than £100bn in lost revenue - enough to end extreme poverty twice over.

And more than a third of the £12tn held in tax havens around the globe was believed to be held in British overseas territories and crown dependencies, the charity estimated.

[highland terrier] 21/5/2013 23:32

IMF urges Treasury to speed up sale of Lloyds and RBS

Fund says disposal of £65bn bank stakes should be priority as Lloyds shares reach level considered as break-even for taxpayer


The chancellor, George Osborne, has made it clear he does not want to put yet more taxpayers' money in to fully nationalise RBS. Photograph: Ben Stansall/AFP/Getty Images


Speculation about a government sell-off of Royal Bank of Scotland and Lloyds Banking Group was escalating on Tuesday night amid reports that the International Monetary Fund is urging the Treasury to accelerate its disposal of the £65bn stakes in the two bailed-out banks.

As part of its annual health check on the UK economy, the Washington-based fund is said to be telling the government that disposal of the share stakes should be a priority.

Hopes of a sell-off of the 39% stake in Lloyds and 81% stake in RBS have risen in recent days as their share prices have climbed. On Tuesday shares in Lloyds closed just above 61p, the level which the Treasury has signalled it now regards as break-even for the taxpayer, while RBS was at 342p, still below any break-even targets set by the government.

The City has been focusing on 61p as a potential price at which to sell off Lloyds since March, when the bonus for the bank's chief executive, António Horta-Osório, was linked to selling off a third of the taxpayers' stake above this price. It is lower than the targets the City had originally been expecting of 73p, and the chancellor is yet to make public pronouncements on his intentions to sell off stakes in any banks.

He has made clear that he does not want to plough in more taxpayer funds to fully nationalise RBS, to enable it to be split into a good and bad bank before being sold back into the private sector, as championed by some members of the parliamentary commission on banking standards.

The Treasury would not comment last night on the speculation about a possible IMF view on the stakes, which came amid expectations that more information would soon be provided about how major banks intend to plug the £25bn capital shortfall identified across the banking industry by the financial policy committee earlier this year.

A number of banks could soon provide information about how they intend to fill any discrepancies highlighted by the FPC. It was not immediately clear how many banks would be able to provide information or what their plans were to fill any shortfalls in announcements that could come as soon as on Wednesday .

[dope007] 21/5/2013 21:26

Same as the house price inflation policy. A complete falicy about people spending and boosting the economy, because it is all false. They borrowed and thus have to pay back (or withdraw from the economy) more than they spent. People have to borrow to accumulate, but rampant borrowing is a disaster and pricing houses way above mean has sucked real money out of the real economy. Yes you got a short term boom, but the bust is so much bigger. Especially when they can't pay it back, and the banks have sold it many times to each other, leveraged up on it, and placed a mountain of derivative side bets on it!!!!

[maxk] 21/5/2013 20:32

I've always said that Dope...whats the point of helicoptering loadsa money to the same folks who caused the problem.

Give the cash direct to individuals, who will then in all likelyhood, spend in straight into the economy.

Too simple I suppose.

[leedskier] 21/5/2013 20:21

With UK inflation lower than anticipated, Carney will be able to follow suit.

[dope007] 21/5/2013 20:19

But without JP it will fail and markets will crash hard

[maxk] 21/5/2013 19:56

It's not intended for jp.

[dope007] 21/5/2013 18:42

No option but to go long is there?

All this printing and the economies are still screwed. And their solution is debase all currency, like that has ever worked over the long term!!!

[ramco] 21/5/2013 18:40

Dope re your earlier comment on GDP calculations
precisely....especially as I have posted on when they
kick in, reading that gem how else can we view it
given the underlying......;

[dope007] 21/5/2013 18:34

Well there you have it. See what Bernanke says but todays FED man has said we shall print, print, print baby. What an unholy mess this lot have got us into to end up here....

[leedskier] 21/5/2013 16:07

I hope you are right.

[begorrah88] 21/5/2013 16:06

Far from it. It is the sparkle in his eye that people love about him.

It'll happen one day but I don't think it will be next time round.

[leedskier] 21/5/2013 15:56

I guess Boris's negligent misuse of his eponymous surname has scuppered his political advancement.

[avatar333] 21/5/2013 15:55

Thanks, gcom2.

[gcom2] 21/5/2013 15:54

buy rbs@34p target 47p occasionally life gives us these amazing opportunities

[maxk] 21/5/2013 15:35

Alex Salmond: independent Scotland would undercut UK taxes and keep pound

Alex Salmond has unveiled an economic strategy for Scottish independence based on undercutting the UK's business taxes while forcing the English to agree a deal for sharing the pound.


Alex Salmond has unveiled a 69-page strategy on the economic case for independence Photo: AFP/Getty Images


By Simon Johnson, Scottish Political Editor
2:38PM BST 21 May 2013


The First Minister said he would attract more companies north of the Border by cutting corporation tax by three percentage points, a reduction that he claimed would create 27,000 jobs.

However, he argued that the English, Welsh and Northern Irish would still be duty bound to share the pound in a eurozone-style currency union, with the Bank of England remaining Scotland's lender of last resort.

Mr Salmond repeated his threat that a separate Scotland would walk away with none of the UK's national debt if a currency union was not agreed.

But senior Treasury officials warned on Monday there would be consequences for Scotland defaulting on its share of the debt and Danny Alexander, the Chief Secretary, said it would be viewed as a "basket case".

Opposition parties and the UK Government were scathing about the economic strategy's lack of detail, with the booklet running to only 69 pages despite the liberal use of graphs.


More fantasy here:

[dope007] 21/5/2013 15:25

Ramco on the lessons from the USA. I take you mean the UK should add a load of new stuff to its GDP calculation then ;) Like for like GDP the UK grew and the USA shrank. But I guess the hacks know that underneath, and are currently making sure the distribution phase goes well ;)

big POMO day today!!!!