Has been said how many times in the last 3 years.
2022 mini-budget discussion
- Thread starter Harlequin
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Cashing out is a little trickier than a bank account but I know what you mean.
How many ******* times did we say this with the last PM
I voted conservative in 2010 and 2015, but never again while it's full of people like Truss, Boris, Kwasi, Rishi, JRM, Mordaunt etc.
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Kwartang could be found naked in Downing Street with 4KG of white powder and Michael Gove as a hostage on Live TV, and they still wouldn't resign
If they are DB pensions iirc you can't 'cash out' or transfer without seeking independent advice. So in such a crash scenario you'd have lost everything before you could act.
The government has completely destroyed confidence, that is not a good thing, and that is having serious consequences.
Soldato
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Actually the risk isn't people cashing out physically, it that the pension funds cannot meet either 1) their liabilities because of the losses 2) their mandated limits such as credit rating or risk (e.g. BP01) or 3) having to re-insure the risk by buying additional CDX (insurance)
Either way, they don't go bust, they just break, have to be filled with cash and the PPF have to take them on.
Either way, they don't go bust, they just break, have to be filled with cash and the PPF have to take them on.
Anyone else thinking "if that was the mini budget I better buckle the hell up for the big one?"
No lube for me. I want to feel the full pain!
Who would you vote for, the only person that had any credibility was Boris.
FTFY
I don't disagree. Maybe all the Tory voting idiots will finally wake up to the fact that the ones in charge don't give a **** about them.
Ah, are we onto blaming covid and ukraine for gov **** ups?
We can blame everything on COVID but we're not even allowed to mention the B word
when will mentioning the Tories be banned?If? They already told us they only care about the 1%.
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This is the thing, if it hadn't been for the unexpected announcements on the 45% income tax band and his vague comments about "more" over the weekend we likely wouldn't be in this situation.
Most of the rest of it had already been all but announced and business seems to have been pretty supportive of it.
It needed to be announced as part of a wider package of reforms, etc which will encourage business to invest in the UK (not by tanking the pound)....
Most of the rest of it had already been all but announced and business seems to have been pretty supportive of it.
It needed to be announced as part of a wider package of reforms, etc which will encourage business to invest in the UK (not by tanking the pound)....
We were already heading towards some kind of market problem. It is happening around the world.
Jesus it's even worse than anyone imagined. Train wreck!!!
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