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EssexFTB

Housekeeping

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Take a leaf out of wetherspoons book, they are profitable but instead of paying out to the shareholders, they are paying down their debt as quick as possible.

Surely all UK PLC has to do is to pay back our debt, bit by bit. On an individual basis, why are the banks not offering incentives for early repayments?

As for the banks, they need to pay back money as quick as they can and as plentiful as they can. Stuff the shareholders, they need to pay off their debts, buy back their shares from the government and claw their way out of this mess. The banks are the answer to the problem in this country but they need to take tough measures, i.e reduce employees wages, absoloutely no bonuses until debts are paid off etc etc!!

Iam just a bit worried that instead of paying down their debt, the banks are taking the publics cash and chasing the bad money!! I would rather my taxes went straight into the pockets of the nations we owe it to!!

Anyway, other than that RBS shares are up 22% today which means i havent lost £9431 i have only lost £8400 (roughly, i dare not to look at my account)

Now that is a green shoot :P

Edited by EssexFTB

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  • 284 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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