Hearing Corbyn speaking today about the possibility of an election really is depressing. He's said and done nothing of note on Brexit or any other policy since the last GE and suddenly he's back in man of the people campaign mode. How did we end up with this choice as our nation's leader?
"Grandad Jeremy - what did you do during Brexit". "Errrrrrrrr, I gave a couple of speeches and nearly expressed an opinion".
I don't know why people are so scared of him as a PM. He wouldn't actually do anything. We'd have five years of dithering and he'd be gone.
Hearing Corbyn speaking today about the possibility of an election really is depressing. He's said and done nothing of note on Brexit or any other policy since the last GE and suddenly he's back in man of the people campaign mode. How did we end up with this choice as our nation's leader?
"Grandad Jeremy - what did you do during Brexit". "Errrrrrrrr, I gave a couple of speeches and nearly expressed an opinion".
I don't know why people are so scared of him as a PM. He wouldn't actually do anything. We'd have five years of dithering and he'd be gone.
Hearing Corbyn speaking today about the possibility of an election really is depressing. He's said and done nothing of note on Brexit or any other policy since the last GE and suddenly he's back in man of the people campaign mode. How did we end up with this choice as our nation's leader?
"Grandad Jeremy - what did you do during Brexit". "Errrrrrrrr, I gave a couple of speeches and nearly expressed an opinion".
I don't know why people are so scared of him as a PM. He wouldn't actually do anything. We'd have five years of dithering and he'd be gone.
Diane Abbott as Home Secretary!!!! Just as frightening as JMac in No11.
so scared enough to pack up and leave the country but not scared enough to learn how to spell his name
I cant wait for abbot to be wheeled out at the next election to show us how she has recovered from her last alzheimers display. I am sure she has recovered well. Anyone know what she has got on corbyn to still be on the cabinet?
Hearing Corbyn speaking today about the possibility of an election really is depressing. He's said and done nothing of note on Brexit or any other policy since the last GE and suddenly he's back in man of the people campaign mode. How did we end up with this choice as our nation's leader?
"Grandad Jeremy - what did you do during Brexit". "Errrrrrrrr, I gave a couple of speeches and nearly expressed an opinion".
I don't know why people are so scared of him as a PM. He wouldn't actually do anything. We'd have five years of dithering and he'd be gone.
Hearing Corbyn speaking today about the possibility of an election really is depressing. He's said and done nothing of note on Brexit or any other policy since the last GE and suddenly he's back in man of the people campaign mode. How did we end up with this choice as our nation's leader?
"Grandad Jeremy - what did you do during Brexit". "Errrrrrrrr, I gave a couple of speeches and nearly expressed an opinion".
I don't know why people are so scared of him as a PM. He wouldn't actually do anything. We'd have five years of dithering and he'd be gone.
Hearing Corbyn speaking today about the possibility of an election really is depressing. He's said and done nothing of note on Brexit or any other policy since the last GE and suddenly he's back in man of the people campaign mode. How did we end up with this choice as our nation's leader?
"Grandad Jeremy - what did you do during Brexit". "Errrrrrrrr, I gave a couple of speeches and nearly expressed an opinion".
I don't know why people are so scared of him as a PM. He wouldn't actually do anything. We'd have five years of dithering and he'd be gone.
Hearing Corbyn speaking today about the possibility of an election really is depressing. He's said and done nothing of note on Brexit or any other policy since the last GE and suddenly he's back in man of the people campaign mode. How did we end up with this choice as our nation's leader?
"Grandad Jeremy - what did you do during Brexit". "Errrrrrrrr, I gave a couple of speeches and nearly expressed an opinion".
I don't know why people are so scared of him as a PM. He wouldn't actually do anything. We'd have five years of dithering and he'd be gone.
Hearing Corbyn speaking today about the possibility of an election really is depressing. He's said and done nothing of note on Brexit or any other policy since the last GE and suddenly he's back in man of the people campaign mode. How did we end up with this choice as our nation's leader?
"Grandad Jeremy - what did you do during Brexit". "Errrrrrrrr, I gave a couple of speeches and nearly expressed an opinion".
I don't know why people are so scared of him as a PM. He wouldn't actually do anything. We'd have five years of dithering and he'd be gone.
Remember, this is the bloke who was sacked by Ken Livingstone while at the GLC for being too left wing. That has to take some doing
Remember, this is the bloke that the Tory No-Dealers have managed to make look almost reasonable.
Only from the point of view of lefties.
I am definitely not a leftie and definitely feel that Boris has made the prospect of JC less scary
It would be a close-run thing as to whether Johnson or Corbyn is more incompetent. At least we've found out about Johnson's incompetence as Prime Minister very quickly, though it wouldn't have taken a fortune teller to predict that.
The thing to remember is that in 100 years time, a Corbyn Govt will probably be long forgotten. Bojos few weeks in charge and the preceding catastrophe of May and Cameron won't be.
The thing to remember is that in 100 years time, a Corbyn Govt will probably be long forgotten. Bojos few weeks in charge and the preceding catastrophe of May and Cameron won't be.
Ah good ol collective memory.
I bet Churchill didn’t reckon on being discussed and referenced more often in the 2010s than in the entirety of his ‘51-55 PM stint.
Hearing Corbyn speaking today about the possibility of an election really is depressing. He's said and done nothing of note on Brexit or any other policy since the last GE and suddenly he's back in man of the people campaign mode. How did we end up with this choice as our nation's leader?
"Grandad Jeremy - what did you do during Brexit". "Errrrrrrrr, I gave a couple of speeches and nearly expressed an opinion".
I don't know why people are so scared of him as a PM. He wouldn't actually do anything. We'd have five years of dithering and he'd be gone.
Remember, this is the bloke who was sacked by Ken Livingstone while at the GLC for being too left wing. That has to take some doing
Remember, this is the bloke that the Tory No-Dealers have managed to make look almost reasonable.
Only from the point of view of lefties.
I am definitely not a leftie and definitely feel that Boris has made the prospect of JC less scary
Ah, the lefties at Citibank and Deutsche Bank are of the same opinion, it seems... as reported in The Telegraph:
Jeremy Corbyn, the scourge of bankers and avowed opponent of capitalism, is winning support from unexpected new quarters: two of the biggest global banks operating in the City of London are warming to the Labour leader.
Unlikely as it may seem, he is now seen as the lesser of two evils by analysts at Citibank and Deutsche Bank, respectively American and German titans of the financial system.
“Is Corbyn as bad as no-deal? Perhaps no longer,” said Christian Schulz at Citi.
It is not that the financiers favour the opposition leader’s plans for “higher taxes, tighter labour laws, spending increases and the nationalisation of network industries”, but that this may cause less harm than leaving the EU without a deal.
Hearing Corbyn speaking today about the possibility of an election really is depressing. He's said and done nothing of note on Brexit or any other policy since the last GE and suddenly he's back in man of the people campaign mode. How did we end up with this choice as our nation's leader?
"Grandad Jeremy - what did you do during Brexit". "Errrrrrrrr, I gave a couple of speeches and nearly expressed an opinion".
I don't know why people are so scared of him as a PM. He wouldn't actually do anything. We'd have five years of dithering and he'd be gone.
Remember, this is the bloke who was sacked by Ken Livingstone while at the GLC for being too left wing. That has to take some doing
Remember, this is the bloke that the Tory No-Dealers have managed to make look almost reasonable.
Only from the point of view of lefties.
He's a danger though as he comes across far more professionally than either Boris or Corbyn. He was very calm on Marr this morning and even answered the questions he was asked. If he became Labour leader I think it would be a big danger to the Tories and we could end up in the clutches of a hard left Government.
He's a danger though as he comes across far more professionally than either Boris or Corbyn. He was very calm on Marr this morning and even answered the questions he was asked. If he became Labour leader I think it would be a big danger to the UK as we could end up in the clutches of a hard left Government.
Not really worth that degree of hilarity smiley face simply because you can just substitute any face in there and for all anyone knows it might already be a substitution. Do find insulting the Corbster funny but try to do so via images that are actually witty.
SC did better than me. I thought it was "Take me summer house Jezza ash lane" which makes no sense to me at all.
But I guess it took attention away from me highlighting McDonnell’s desire to ban City bonuses so whatever.
Presumably this will just push the money back to salaries as you suggested. I don't see this making much of a dent in levels of inequality. The numbers of people on that kind of money are too small.
1985 Mercian King of Mercia - work in progress (Hah! Who am I kidding?)
Pinnacle Monzonite
Liberal metropolitan, remoaner, traitor, "sympathiser", etc.
But I guess it took attention away from me highlighting McDonnell’s desire to ban City bonuses so whatever.
Not done deliberately Rick, although as you and RJS have already mentioned, it is likely to just pump up base pay to compensate, which then makes it harder for the banks to manage their payroll cost base going forward.
Not really worth that degree of hilarity smiley face simply because you can just substitute any face in there and for all anyone knows it might already be a substitution. Do find insulting the Corbster funny but try to do so via images that are actually witty.
SC did better than me. I thought it was "Take me summer house Jezza ash lane" which makes no sense to me at all.
Some might take that (at least partially) as a subtle defence of Jezza Rolf.
Sure, though the suggestion was also to limit pay as multiplies of certain salaries within the firm too.
And it's not just banks Stevo.
The rules around bonuses as a max multiple of the base have definitely put a dampener on pay on the continent. Not massive, but material.
After all, base salary euros are worth more than bonus euros.
Take your point although I thought you were coming at it from the point of view of your sector, as in your post above you referred specifically to 'City bonuses'.
Agree that a base pay Euro is worth more than a bonus Euro - the former is pensionable for a start.
The multiple of salary point is something I may have to look at among other things as part of the planning I mentioned recently. The other fun one is the Labour idea of giving 10% of the equity of certain companies to 'the workers'.
Sure, though the suggestion was also to limit pay as multiplies of certain salaries within the firm too.
And it's not just banks Stevo.
The rules around bonuses as a max multiple of the base have definitely put a dampener on pay on the continent. Not massive, but material.
After all, base salary euros are worth more than bonus euros.
Take your point although I thought you were coming at it from the point of view of your sector, as in your post above you referred specifically to 'City bonuses'.
Agree that a base pay Euro is worth more than a bonus Euro - the former is pensionable for a start.
The multiple of salary point is something I may have to look at among other things as part of the planning I mentioned recently. The other fun one is the Labour idea of giving 10% of the equity of certain companies to 'the workers'.
I take less issue with the final proposal; what's your criticism of it?
And to be clear, when I mean the City I guess I mean all of FS, not just banking.
Sure, though the suggestion was also to limit pay as multiplies of certain salaries within the firm too.
And it's not just banks Stevo.
The rules around bonuses as a max multiple of the base have definitely put a dampener on pay on the continent. Not massive, but material.
After all, base salary euros are worth more than bonus euros.
Take your point although I thought you were coming at it from the point of view of your sector, as in your post above you referred specifically to 'City bonuses'.
Agree that a base pay Euro is worth more than a bonus Euro - the former is pensionable for a start.
The multiple of salary point is something I may have to look at among other things as part of the planning I mentioned recently. The other fun one is the Labour idea of giving 10% of the equity of certain companies to 'the workers'.
I take less issue with the final proposal; what's your criticism of it?
And to be clear, when I mean the City I guess I mean all of FS, not just banking.
For starters:
- Giving equity to employees should be a matter for companies, not the government.
- Likely unenforceable on overseas owned Groups, partnerships etc. Could be tricky for small private companies and those where the shareholding/balance of control is critical. So inherently unfair for UK listed companies and even Labour privately recognise there is major execution risk involved.
- Probably avoidable for many and likely to drive dysfunctional behaviour such as de-listing or putting an overseas parent company in place etc.
- Unlikely to make workers better off as there can be compensating adjustments elsewhere.
- It's a tax in disguise as any dividends over a certain threshold goes to the government.
Posts
Bruiser
Panzer
Commuter
"I spent most of my money on birds, booze and fast cars: the rest of it I just squandered." [George Best]
Better make sure the bunker is stocked up the way things are going.
Pinnacle Monzonite
Liberal metropolitan, remoaner, traitor, "sympathiser", etc.
so scared enough to pack up and leave the country but not scared enough to learn how to spell his name
2012 Colnago CX-1
2015 Colnago AC-R
Exeter Wheelers
Bruiser
Panzer
Commuter
"I spent most of my money on birds, booze and fast cars: the rest of it I just squandered." [George Best]
2012 Colnago CX-1
2015 Colnago AC-R
Exeter Wheelers
I am definitely not a leftie and definitely feel that Boris has made the prospect of JC less scary
2012 Colnago CX-1
2015 Colnago AC-R
Exeter Wheelers
Ah good ol collective memory.
I bet Churchill didn’t reckon on being discussed and referenced more often in the 2010s than in the entirety of his ‘51-55 PM stint.
Here's the letter
https://www.ft.com/content/6da72060-cfd ... ded7a7fe3f
https://www.telegraph.co.uk/business/20 ... apitalist/
2012 Colnago CX-1
2015 Colnago AC-R
Exeter Wheelers
Wants to ban all city bonuses.
(Which in reality of course just means really big base salaries but anyway).
Bruiser
Panzer
Commuter
"I spent most of my money on birds, booze and fast cars: the rest of it I just squandered." [George Best]
He's a danger though as he comes across far more professionally than either Boris or Corbyn. He was very calm on Marr this morning and even answered the questions he was asked. If he became Labour leader I think it would be a big danger to the Tories and we could end up in the clutches of a hard left Government.
Bruiser
Panzer
Commuter
"I spent most of my money on birds, booze and fast cars: the rest of it I just squandered." [George Best]
Take me home Jeremy Corbyn tree road
Do I win a prize?
Bruiser
Panzer
Commuter
"I spent most of my money on birds, booze and fast cars: the rest of it I just squandered." [George Best]
Not really worth that degree of hilarity smiley face simply because you can just substitute any face in there and for all anyone knows it might already be a substitution. Do find insulting the Corbster funny but try to do so via images that are actually witty.
SC did better than me. I thought it was "Take me summer house Jezza ash lane" which makes no sense to me at all.
But I guess it took attention away from me highlighting McDonnell’s desire to ban City bonuses so whatever.
Presumably this will just push the money back to salaries as you suggested. I don't see this making much of a dent in levels of inequality. The numbers of people on that kind of money are too small.
Pinnacle Monzonite
Liberal metropolitan, remoaner, traitor, "sympathiser", etc.
Absolutely impossible to achieve.
Bruiser
Panzer
Commuter
"I spent most of my money on birds, booze and fast cars: the rest of it I just squandered." [George Best]
If you don't get it, never mind...
[Edit: here's the answer
https://youtu.be/1vrEljMfXYo
Bruiser
Panzer
Commuter
"I spent most of my money on birds, booze and fast cars: the rest of it I just squandered." [George Best]
And it's not just banks Stevo.
The rules around bonuses as a max multiple of the base have definitely put a dampener on pay on the continent. Not massive, but material.
After all, base salary euros are worth more than bonus euros.
Agree that a base pay Euro is worth more than a bonus Euro - the former is pensionable for a start.
The multiple of salary point is something I may have to look at among other things as part of the planning I mentioned recently. The other fun one is the Labour idea of giving 10% of the equity of certain companies to 'the workers'.
Bruiser
Panzer
Commuter
"I spent most of my money on birds, booze and fast cars: the rest of it I just squandered." [George Best]
And to be clear, when I mean the City I guess I mean all of FS, not just banking.
- Giving equity to employees should be a matter for companies, not the government.
- Likely unenforceable on overseas owned Groups, partnerships etc. Could be tricky for small private companies and those where the shareholding/balance of control is critical. So inherently unfair for UK listed companies and even Labour privately recognise there is major execution risk involved.
- Probably avoidable for many and likely to drive dysfunctional behaviour such as de-listing or putting an overseas parent company in place etc.
- Unlikely to make workers better off as there can be compensating adjustments elsewhere.
- It's a tax in disguise as any dividends over a certain threshold goes to the government.
Bruiser
Panzer
Commuter
"I spent most of my money on birds, booze and fast cars: the rest of it I just squandered." [George Best]