Royal Bank Of Scotland Share Discussion Threads

[leedskier] 21/10/2016 10:43

What a surprise that after the shock to the British economy by the referendum that there should be a downturn in taxation receipts.


Who would have guessed it?

[leedskier] 21/10/2016 10:42

UK ran budget deficit of £10.6bn in September

The UK ran a budget deficit of £10.6bn in September, much bigger than expected. This is a major setback for Philip Hammond, the chancellor, ahead of his autumn statement next month.




The budget shortfall was 14.5% higher than in September last year, and wrongfooted City economists who had expected the public finances to improve (to an £8.5bn deficit). Receipts from corporation tax and property transactions both fell in September, compared with a year ago, while VAT receipts grew at a slower pace.

The Office for National Statistics said it was the first fall in corporation tax revenues seen in the month of September since 2009. It was unable to provide a reason. The growth in VAT receipts was the slowest for the month of September since 2012.

[avatar333] 21/10/2016 10:06

Morning.

;

[careful] 21/10/2016 09:47

The next election could be unpredictable if the economy starts to deteriorate.
Labour could attract more votes than anyone thinks.
Then there are the Scottish Nats and a resurgence of the Liberal Democrats.
We can discount UKIP, they are finished.

Another financial, housing or military crisis is all it would take.
People are fickle.

[leedskier] 21/10/2016 09:38

There is one Brexit "horror" story this morning. The resurgence of the Liberal Democrats in a strong Middle England "remain" seat, fires a warning shot across Tory Central Office.

It should not be assumed that a snap general election would necessarily lead to a large increase in Tory MPs. Frustrated one nation Tories in the remain camp, may feel that the Liberal Democrats more closely align with their views than the hardline Brexiteers.

Add to which disenfranchised 'new labour' voters may drift to the centre too.

[leedskier] 21/10/2016 08:08

IG Index nearly got it right. Save that that the - should have been a +.

[maxk] 21/10/2016 07:06

Morning.

Brexit horror stories are a bit thin on the ground this am. (Brussels farce don't count)


Will a 20 year old grope sob story do instead?

[leedskier] 21/10/2016 06:58

IGSquawk ‏@IGSquawk 28m28 minutes ago
Our European opening calls:

$FTSE 7016 -0.16%
$DAX 10696 -0.05%
$CAC 4538 -0.04%
$IBEX 9060 -0.02%
$MIB 17122 -0.11%"

[smurfy2001] 21/10/2016 00:00

probably not :(

[gcom2] 20/10/2016 23:55

can the royal dog of scotland hold 20p this time around

[leedskier] 20/10/2016 16:46

186.30 6.30 3.50%

[careful] 20/10/2016 16:20

Meanwhile RBS is having a good day today.
Goldman CEO was asked yesterday why GS shares were trading at a 10% discount to book when there used to be a large premium.

he should consider RBS, trading at a whopping 60% discount to net assets.

[clond] 20/10/2016 16:16

You have to embrace the new LS - We used to be the center of the world !

[leedskier] 20/10/2016 16:07

1) He is not nor ever has been a QC or any species of lawyer. He held the post of `Lord `chancellor, a post which no longer, sadly it seems, requires the skills of a professional lawyer. If he has a trade, it is as a journalist, like his wife.

2) Theresa May would not put him in charge of cleaning the lavatories in Whitehall,

[avatar333] 20/10/2016 16:00

I think the excellent Mr Gove QC will make a superb new Chancellor.

;

[leedskier] 20/10/2016 15:44

Which may be why the Chancellor has said, in terms, that Britain will make whatever concessions as are necessary to ensure single market access for UK financial services.

[clond] 20/10/2016 15:43

EU largest trading block on the planet as an entity but dwarfed by the collective of ASIA, USA and CANADA, AUSTRALSIA AFRICA and SOUTH AMERICA.
We are no longer trading with our hands tied behind our back.

[maxk] 20/10/2016 15:42

If a trading block was all it was, it wouldn't be a problem.

[avatar333] 20/10/2016 15:40

Afternoon.

;

[leedskier] 20/10/2016 15:40

The EU is the largest trading block on the planet.

The question is what does Britain have to trade?

[leedskier] 20/10/2016 15:38

#Euro still falling after #ECB
#EURUSD 1.0924 -0.45%
#GBPUSD 1.2231 -0.45%
#USDJPY 103.96 +0.5%
#AUDUSD 0.7630 -1.18%

[clond] 20/10/2016 15:05

Wonder what opportunities lie ahead when we can negotiate with three times the trading partners when the EU removes it's stranglehold on us ?