Royal Bank Of Scotland Share Discussion Threads

[leedskier] 17/11/2016 17:32

Fresh meat is offered in the Ft, which seems anxious to introduce some balance to the Telegraph's line that everything will turn out just fine.


Schäuble sets out tough line on Brexit+

Germany’s finance minister has set out a tough line on Brexit talks on issues that range from tax breaks to exit costs, dashing British hopes that Berlin would soften the EU’s stance on the UK’s departure from the bloc.

Theresa May’s government has been looking to Germany — a net exporter to the UK — to temper French demands that Britain “pay a price” for its decision to leave.

But Wolfgang Schäuble told the Financial Times that, even after Brexit, the UK would be bound by tax rules that would restrict it from granting incentives to keep investors in the country — and would also face EU budget bills for more than a decade.

“Until the UK’s exit is complete, Britain will certainly have to fulfil its commitments,” he said. “Possibly there will be some commitments that last beyond the exit … even, in part, to 2030 … Also we cannot grant any generous rebates.”

[maxk] 17/11/2016 16:01

Corrected.

[leedskier] 17/11/2016 15:53

maxk ... 'she' ....;


here she is

[maxk] 17/11/2016 15:42

Well said Av.

[avatar333] 17/11/2016 15:40

I think we are overdue on of the these.

beep beep whirr

;

[maxk] 17/11/2016 15:37

She might have a change of heart when he is replaced by a journo who's prepared to work for half the money.

[leedskier] 17/11/2016 14:01

The journalist who wrote this article in April was a visionary.


'The world economy is nearing what international policymakers fear could be a dangerous turning point, as populist uprisings in the United States and Europe threaten to unravel decades-old alliances that have fostered free trade and deepened economic ties.

The tension has reached boiling point in Britain, which in two months will vote on whether to leave the European Union. The International Monetary Fund, which wrapped up its annual meetings this weekend in Washington, warned that a so-called Brexit is a “real possibility,” one that could usher in a new era of uncertainty and undermine the already fragile global recovery.

But the unrest is not limited to the United Kingdom. Anti-EU parties are gaining steam across the continent, particularly in France and Germany, while U.S. presidential candidates Donald Trump and Bernie Sanders are railing against America’s signature trade deals.

Fueling the furor are blue-collar workers on both sides of the Atlantic who feel left behind by international competition. Their frustration has given rise to political movements condemning the principles of globalization -- free trade and open borders -- that have been heralded as pathways to prosperity since the end of World War II.'

[sux_2bu] 17/11/2016 12:32

Can't wait for trump to take over, far better than weak Obama.Roll on change for the better.

[careful] 17/11/2016 11:22

Janet Yellen speaks today.
how foolish she has been made to look.
Always terrified of the market.

Academics are unsuited to decision making.
Up comes trump, a businessman who makes quick decisions,
a risk taker,
and blows her caution away.

[avatar333] 17/11/2016 11:19

145120

;

[leedskier] 17/11/2016 11:14

By definition their principle asset is their place of abode! Many are what the Treasury describe as "JAM".

Just about managing.

[gcom2] 17/11/2016 11:08

Tough on the special people's wealth, not the middle and lower class's wealth.

[leedskier] 17/11/2016 10:40

For those without access to the Ft, the story is also posted in the Independent.



The comments posted there are pretty good. This one amuses being a play on the 'tough on crime and tough on the causes of crime'.

"Brexit: Tough on wealth and tough on the causes of wealth."

[leedskier] 17/11/2016 10:29

Telegraph blog ...


Richard Lim, Chief Executive, Retail Economics, flagged: "The collapse in sterling has also triggered an influx of international shoppers who have boosted demand for luxury goods, particularly jewellery and watches

. "Retailers will be vying to make the most of current consumer momentum in the knowledge that household spending will be under pressure next year. This should keep a lid on shop price inflation this side of Christmas."

[leedskier] 17/11/2016 10:08

Av will note the weather reference ;

[leedskier] 17/11/2016 10:07

UK retail sales m/m flew last month. Up 1.9%.



On an annual basis, consumers bought 7.4% more stuff than in October 2015, which is the biggest rise since April 2002.

The ONS says colder weather helped clothes sales, and Halloween larks may also have boosted supermarkets. Hot take: the Brexit vote isn’t stopping Britain hitting the shops....

[leedskier] 17/11/2016 09:38

Tax revenue stream forecast to be lower as a consequence of lower growth and lower inward investment.

[leedskier] 17/11/2016 09:36

smurfy I see he didn't explain why BARC's shares are trading at such a low price.

[maxk] 17/11/2016 09:35

That article is behind a paywall, that's why I was asking for the gist.

[smurfy2001] 17/11/2016 09:29

Barclays boss: London's 'gravitational pull' on finance will not wane after Brexit

[leedskier] 17/11/2016 09:25

It kind of explains why some think that the £ could fall to parity with the € in Q1/2017.

[careful] 17/11/2016 09:22

gov spending £748bn per year.
over 5 years = £4,000bn.

post trump, why are they bogged down by such trivia as a 100m black hole..
spread over 5 years it is peanuts.(2.5%).

I guess they know people are innumerate and it gives them an excuse for doing something unpopular.