carillion

[EFLImpudence]

but that's government money not ours. They will have to pay interest on the loan (as they've borrowed it)

From whom did they borrow it?
Why do they have to pay interest, and who decides the rate?

but the actual cost to us can't be calculated until the shares have been sold,

O---K---.

then a loss will be worked out,

If a loss, don't sell. Keep the profits.

and add in the loan interest,

Shouldn't that be done first?

and it may only be about £1200 per person.

That's ok then.

Vince Cable was on R2 today, talking about Carillion.
One of the things he said was that the politicians who kept signing these things off were inept.

No one will believe that.

I thinking it's more set up this way from the start (and will likely, not change). Shaft the little guy (and or taxpayer), and fund those further up the food chain.

Whoever would design a system like that?

It's almost like serfs paying 'tax' to the Lord to finance his opulent lifestyle.

 

[Doggit]

From whom did they borrow it?
Why do they have to pay interest, and who decides the rate?

The government borrows money on the open market by issuing gorenment bonds or gilts, and these are at a predemined interest rates, and for a set period. Being backed by the government, they will always pay out, whereas some bonds issued by companies, may default. The goverenment also borrows money from the international banks and from the bank of England, and obviously these cost interest. The government themselves set the Bond intrest rates, and they are normally about the general savings rates. Too high, and it costs the government money, but set them too low, and people don't take up the offfer.

Government borrowing is now at £1.8tr, and that costs £46bn (just under half the cost of the NHS) a year to service the loan, and this is where I have issues with some on this site who say that borrowing is immaterial, as it's more important to have a good lifestyle rather than worry about the loan interst we have to pay on that lifestyle.

They sold the shares in LLoyds, and made a profit on them (ignoring the interest I think) but they will very likely make a loss on the RBS shares, but they want to get rid of the responsibility of them.

 

[transam]

They have been talking about this mob on Radio 4 .

Treated small companies / sub contracters with contempt imho . some of there payment terms were a disgrace.

Tis a disgrace that any government were awarding contracts to these spiv's if they were aware of the payment terms ??imo

one flooring company was not paid because of a flood in India they also wanted a % of your profit if u insisted on being paid earlier etc etc

spivs & crooks imo

 

[Brigadier]

Directors were clearly inept as well: they managed to leave £29 million in the bank.

 

[Doggit]

Which shows just how useless they are. If they were any good, they'd have paid that out in bonuses as well. Especially as their contract terms had been changed in the last few months so that bonuses couldn't be clawed back.

 

[ReganAndCarter]

Who gives a feck about Carillion? Just put the liabilities on the national debt. Small beer.

 

[ReganAndCarter]

What do you mean, won't be long before we join Dons list; we're already on it, but we hide it well.

Our so called 'politicians' in the Tory party ballsed it up for The UK before Trump was even elected, by sniping at him and belittling him. 'Kin geniuses. No matter how unlikely a candidate's chance of becoming president of The US appears, it's unbelievably stupid to mock them before the elections. Blew up in their faces. Well done Boris and others. Pi$s off someone who went on to become the leader of a country we need for trade, especially now we're looking for post-brexit trade deals. But then, that's the quality of the people we have 'running' this country. Not one leader between them.

 

[noseall]

a country we need for trade

Really?

 

[ReganAndCarter]

Really?

So, who is The UK's biggest export market?

You do realise that The US buys more from us than we buy from them? You also realise that it's the other way around with trade between The UK and The EU - there's a trade defecit?

As a remoaner, all of the above may be news to you.

 

[noseall]

So, who is The UK's biggest export market?

You do realise that The US buys more from us than we buy from them? You also realise that it's the other way around with trade between The UK and The EU - there's a trade defecit?

As a remoaner, all of the above may be news to you.

So instead of buying cheaply from the EU, you are suggesting that it would be better for the UK to buy really expensively from the USA?
Sounds like a typical Quitter plan.

 

[Doggit]

Noesall, it's just possible that we buy different things from the EU and the USA, so it doesn't really equate that way. We buy Apple I phones from the states, but we buy eating apples from all round the world. The markets aren't compatible, and the issue isn't a problem.

 

[noseall]

The markets aren't compatible, and the issue isn't a problem.

What issue? I haven't a clue what you are on about.

 

[Deleted member 63160]

I haven't a clue what you are on about.

Correct

 

[noseall]

Correct

Brave M itch briefly dips his toe once more.

 

[noseall]

Noesall, it's just possible that we buy different things from the EU and the USA,

Read this Sherlock.....

a country we need for trade, especially now we're looking for post-brexit trade deals