I1L2T3 Posted December 15, 2011 Share Posted December 15, 2011 In real terms he's taxing them more year on year. What did Labour do, chicken out and issue a single non penalising penalty. You will have to back this up. How have you calculated the tax in real terms? You will most likely find little has changed. Maybe a few hundred million difference either way. When put against the almost one trillion pounds the banks have/could cost us in bailouts, guarantees we will be talking pitiful sums in comparison. But handy for making party political points eh? Link to comment Share on other sites More sharing options...
WeX Posted December 15, 2011 Share Posted December 15, 2011 You are joking aren't you? Cameron has just proved beyond doubt that he will resist any attempts to regulate, tax, or otherwise make the city pay for their role in creating the crisis. our banks are more stable now as proven by the EU wide stress tests. they are not perfect but better than in the time of Labour. Link to comment Share on other sites More sharing options...
I1L2T3 Posted December 15, 2011 Share Posted December 15, 2011 what ever it turns out to be, you can bet it will not be less regulation imposed by Brussels. This is why people are happy as the majority of us have no idea what benefits we receive from being part of this special club? IMO we need to be seen to regulate more and effectively to keep the EU in check. We can't really say we have our house in order when we haven't. Thing can't continue in the city as they are now. Link to comment Share on other sites More sharing options...
I1L2T3 Posted December 15, 2011 Share Posted December 15, 2011 our banks are more stable now as proven by the EU wide stress tests. they are not perfect but better than in the time of Labour. Oh man Please point us to the government and regulatory measures that have delivered this magical and wonderful transformation in such a short time. Link to comment Share on other sites More sharing options...
MrSmith Posted December 15, 2011 Share Posted December 15, 2011 Oh man Please point us to the government and regulatory measures that have delivered this magical and wonderful transformation in such a short time. The new liquidity rules seem to be preventing banks from lending, if they aren’t lending then there will be fewer bad debts and when they do lend they are more likely to lend more responsibly. A property bubbles was the primary cause of the banking collapse. The property bubble was caused by greedy property speculators, irresponsible bank lending, lack of government intervention, and government policy. The property bubble is over and is deflating so there is no need to rush into banking regulation. Link to comment Share on other sites More sharing options...
I1L2T3 Posted December 15, 2011 Share Posted December 15, 2011 The new liquidity rules seem to be preventing banks from lending, if they aren’t lending then there will be fewer bad debts and when they do lend they are more likely to lend more responsibly. A property bubbles was the primary cause of the banking collapse. The property bubble was caused by greedy property speculators, irresponsible bank lending, lack of government intervention, and government policy. The property bubble is over and is deflating so there is no need to rush into banking regulation. First time I've heard that argument against regulation. IMO if what you say is correct this is the perfect time to get the rules in place, in the lull before the next bubble develops. Link to comment Share on other sites More sharing options...
WeX Posted December 15, 2011 Share Posted December 15, 2011 Oh man Please point us to the government and regulatory measures that have delivered this magical and wonderful transformation in such a short time. knock yourself out: http://stress-test.eba.europa.eu/pdf/EBA_ST_2011_Summary_Report_v6.pdf ignorance of the facts is not an excuse Link to comment Share on other sites More sharing options...
Tony Posted December 15, 2011 Author Share Posted December 15, 2011 IMO we need to be seen to regulate more and effectively to keep the EU in check. We can't really say we have our house in order when we haven't. Thing can't continue in the city as they are now. I disagree. Bad regulation is what got us into this mess in the first place, not a lack of regulation. I believe that we need to regulate less, but regulate more effectively. Link to comment Share on other sites More sharing options...
MrSmith Posted December 15, 2011 Share Posted December 15, 2011 First time I've heard that argument against regulation. IMO if what you say is correct this is the perfect time to get the rules in place, in the lull before the next bubble develops. They are still looking into the details of the new regulations, it’s going to be discussed at the next G20 and there is a report being produced for the government, these things shouldn’t be rushed and as it stands there is no need to rush. Link to comment Share on other sites More sharing options...
WeX Posted December 15, 2011 Share Posted December 15, 2011 IMO we need to be seen to regulate more and effectively to keep the EU in check. We can't really say we have our house in order when we haven't. Thing can't continue in the city as they are now. if the EU want to regulate more, that's their business, but we are not part of their fiscal union and the problems they are having are all to do with the euro, which we are not part of. Link to comment Share on other sites More sharing options...
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