Lloyds Banking Share Discussion Threads

[scruff1] 12/5/2021 14:55

To subsidise or not subsidise that is the question. One no one ever answered successfully. Subsidise/nationalise and it soon loses the profit motive and becomes overstaffed by largely non productive management types who spend half their working lives on diversity courses and their weekends on motivational assault courses and so on whilst the cost of whatever it is they are trying to flog goes through the roof and needs subsidising further. Dont subsidise and 1000's lose their jobs, industry disappears or gets taken out for a song by some foreign consortium - and then disappears. Not an easy one

[minerve 2] 12/5/2021 14:53

Maybe I need to go back to first principles and laser etch the alphabet on the banana skins. 🙉

[maxk] 12/5/2021 14:49

Work is the curse of the drinking man tricky.

[utrickytrees] 12/5/2021 14:41

MM2 I'm committed to ensuring Merv gets the best possible support to deliver him from the evil socialist ideology that has him in its grasp. I think we should all do what we can.

Maxk a bit late on parade?

[minerve 2] 12/5/2021 14:37

Utricky

Plenty of government support could have happened within the EU and didn't. Germany and France never seem to have much of a problem. EDF has been state sponsored for decades. The real issue is that Tory government isn't (normally) interested in state support/subsidy. Many are free-market capitalists where everything is for sale and to play for and who cares. When support has been expected and delivered it has always been for The City. Please do read the story.

[sentimental rules] 12/5/2021 14:00

thats the same in most places




Are you over 50?

No: you can stay.
Yes: well you can FO!

[phil mcavity] 12/5/2021 13:05

.....and then I looked around at my fellow Cabinet Ministers.

[grahamite2] 12/5/2021 12:56

Minerve - as a cabinet minister said shortly before the general strike

I thought the miners leaders were the stupidest men I had ever met. But then I met the coal owners!

[utrickytrees] 12/5/2021 12:54

Yes we've already seen generous subsidies to the Fishing industry. Engineering will be next...worry ye not young Merv.

[utrickytrees] 12/5/2021 12:51

Now we're out of the EU there should be more opportunities to subsides.

[minerve 2] 12/5/2021 12:39

County court judgement against Boris Johnson, record shows.




Hilarious!


Your great leader folks!

ROFLMAO!

[minerve 2] 12/5/2021 12:30

Broughton will be next. I don't give it more than a decade.

[minerve 2] 12/5/2021 12:29

I have family links to Crewe. I watched the engineering industry around that area completely get decimated and I saw the real reasons. I then lived in Bristol and watched the same issues around North Bristol with the likes of BAE, RR etc. etc..

Are you over 50?

No: you can stay.
Yes: well you can FO!

Filton Airport which played a significant roll in many engineering success stories is now gone. I watched Concorde land there on special permission for low fly in. Fantastic stuff!

Now, what is it? Land sold off for housing developments!

It tells you EVERYTHING you need to know about the UK and everything you need to know about our Tory government!

[utrickytrees] 12/5/2021 12:28

Merv, you infered the Kazakhstanies make RR engines used by Kazakhstan Airways in Kazakhstan. They don't.

[scruff1] 12/5/2021 12:22

Funnily enough their main products were air brakes and compressors for railways - the things we are now paying the Japs to make for us (and it seems not very well). It really is a sorry tale and not one I can see the wokeys much bothering to improve even if they were capable - 'deconstruction ' is moretheir bag together with 'cancelling' entrepreneurs who dont meet their acceptance criteria

[minerve 2] 12/5/2021 12:19

Scruff1

I don't disagree. A nutter union leader can be very damaging but they are not all nutters. You just get the same egos on the opposite side of the fence within the boardroom.

[minerve 2] 12/5/2021 12:17

Utricky

You are not reading properly what I wrote. Your tribal DNA is stopping you from being objective. Nobody said anything about India.

[scruff1] 12/5/2021 12:12

Interesting discussion above. I worked in engineering when I first left school. Engineering was a massive employer and the skilled workers were very well paid in large part I think that was down to there being a strong union- they were all closed shops. The problem was that the stewards became drunk on their own power - they didnt use it to simply ensure good pay and conditions for their members they ended up thinking they ran the company and even if they came close to it they werent equipped or trained to do so. The just became obstructive. It was like a game of getting one up on the management by undermining it. One instance I always remember. It was piece work. Each process was timed and the operators pay was based on his performance against it. This is how it worked. The times and motions man had to be arranged. The stacker driver brought (in this case engine castings to be machined on a capstan lathe)the work pieces. He dropped them about 6feet from the lathe. The operator moved at Fat Boy speed (which should have been challenged but never was or the place was shut down for a couple of weeks - the unions didnt worry about meeting contract agreements) the chuck key was dropped a few times etc. He gets a time of say mins 30 secs.
Next day castings are dropped at his feet, manages to stick hold of the chuck key and rattles through the jobs. Heres their real contribution to the business thats providing them with a great living but is now largely finished in the UK- they then having finished the work and made a good bonus - sit and read their paper unchallenged. They dont go and get the next work pieces - its not their job. They read sometimes for over an hour until the shop floor manager spots theyve finished and need more. It was like a madness brought on by giving thickos too much powers. Hardly need to add the large but family business developed over years shut down long since after being taken over by Oerlikon. Its been a joint effort between unions, labour and the tories to ruin and make disappear a once world beating industry

[utrickytrees] 12/5/2021 12:07

What other products do RR make which could easily lend themselves to being turned out by a Deli metal basher then Merv...I'm all ears?