Looking forward to deregulation after Brexit?

[Paddy]

London Capital & Finance: £236m firm collapses
London Capital & Finance: GBP236m firm collapses - BBC News

Thousands of people who invested in a high-risk bond scheme marketed as a "Fixed Rate ISA" fear they have lost everything after the company collapsed.
London Capital & Finance (LCF), now in administration, took £236m following a marketing campaign that is now under investigation for mis-selling.
Many were first time investors - inheritance recipients, small business owners or newly retired.

"This was money for our grandchildren, we weren't going on fancy holidays or buying flash cars - my wife worked in BHS and saved her whole life, this is hard-earned money, we saved and saved and saved.

"The directors and ex-directors are living the life of Riley from what I can see, with their helicopters, their horses and their properties. It is very sad that this could have been allowed to happen."

Investors were told the funds - and therefore risk - would be spread across hundreds of companies but, according to Companies House records, LCF loaned money to 12 - four of which have never filed accounts, nine are fewer than three-years-old and nine had loans from LCF in 2017.

Much of the cash was loaned to companies that then "sub loaned" to others. Bondholders have raised concerns about connections between the directors of companies that received money and those who ran LCF.

And financial deregulation is exactly what Brexiters have been campaigning for.

[DimPrawn]

Brexit did it and ran away™

[Whorty]

Brexit did it and ran away™

< head in sand emoji >

[tazdevil]

If its too good to be true it usually is. A fool and his money will always be parted with the lure of false gain

[Whorty]

If its too good to be true it usually is. A fool and his money will always be parted with the lure of false gain

What a surprise, a bexiter not understanding the issue. If we have less regulation (and therefore safety to protect people from scammers) there will be more of these cases in the news and little protection. Is that what you want?

Although you was spot on by te "fool and his money will always be parted" .... brexiters re the fools, and they were lied to and fooled into voting out of the EU, thus making them poorer. You see, it's you dumb fooks that need all the protection you can get

[vetran]

What a surprise, a bexiter not understanding the issue. If we have less regulation (and therefore safety to protect people from scammers) there will be more of these cases in the news and little protection. Is that what you want?

Although you was spot on by te "fool and his money will always be parted" .... brexiters re the fools, and they were lied to and fooled into voting out of the EU, thus making them poorer. You see, it's you dumb fooks that need all the protection you can get

Ah a remainer making stuff up. Less regulation doesn't mean less safety, that would be less effective regulation we have thousands of those.

the last 6 commandments pretty much cover civilisation.

• Honor your father and your mother
• You shall not murder
• You shall not commit adultery
• You shall not steal
• You shall not give false testimony
• You shall not covet

Though Jesus reportedly added a doozy:

‘Love your neighbor as yourself.’[b] There is no commandment greater than these.”

Even if you don't believe these are pretty good rules to live by.

[Zigenare]

Even if you don't believe, these are pretty good rules to live by.

Gratis.

Zig - In "Eats, tulips and leaves" mode!

[Old Greg]

Ah a remainer making stuff up. Less regulation doesn't mean less safety, that would be less effective regulation we have thousands of those.

the last 6 commandments pretty much cover civilisation.

• Honor your father and your mother
• You shall not murder
• You shall not commit adultery
• You shall not steal
• You shall not give false testimony
• You shall not covet

Though Jesus reportedly added a doozy:

‘Love your neighbor as yourself.’[b] There is no commandment greater than these.”

Even if you don't believe these are pretty good rules to live by.

False testimony is fine if it is on the side of a bus. The end justifies the means.

[Whorty]

Ah a remainer making stuff up. Less regulation doesn't mean less safety, that would be less effective regulation we have thousands of those.

the last 6 commandments pretty much cover civilisation.

• Honor your father and your mother
• You shall not murder
• You shall not commit adultery
• You shall not steal
• You shall not give false testimony
• You shall not covet

Though Jesus reportedly added a doozy:

‘Love your neighbor as yourself.’[b] There is no commandment greater than these.”

Even if you don't believe these are pretty good rules to live by.

Isn't that lovely, naive, wishful thinking?

Humans are no better than animals with a bit more intelligence; if we don't have rules and consequences of breaking those rules then humans will resort to 'instinct' and go for greed. They will take, take, take to look after their own 'clan'/group. You can see examples of this all over the world in all walks of life.

Even with rules now, humans resort to scams to steal off others. Take away, or reduce, the rules and shysters will be in like flynn. Was you asleep during the various mis-selling scams over the past few decades?

Unfortunately we need to protect those not educated enough to protect themselves! Saying that, those that need protecting most likely voted out (as the lower educated voted for Brexit) so maybe we should reduce regulation and let them get what they voted for

[vetran]

False testimony is fine if it is written by a remainer chancellor

FTFY


Remainer Brexit scares and reality – POLITICO





unfortunately even the beeb has to grudgingly agree Boris was correct despite dressing it up

GBP350 million EU claim "a clear misuse of official statistics" - Full Fact

£350 million is roughly what we would send to the EU budget if it wasn’t for the UK’s budget rebate.

so the bill is £350 but we negotiated a discount that the EU would love to withdraw.