British government to nationalize B&B

[PAH]

There is an alternative and that is .....

Where can I find an up to date list of safe havens abroad, where the tax man and his friends can't or won't bother looking for me?

Surely that's what that Foster guy should have done instead of bumping off his wife and daughter over debt. Max out everything and do a runner. There must be somewhere safe out there, where you don't have to worry about turning up on al-jazeera with a knife to your throat?

[thunderlizard]

Result! I get 8% for 2 years courtesy of the UK.


tl, temporarily proud to be British again

[s2budd]

I am suprised the B&B kept going for so long in the current situation and with the mess that thay made for themselves. The real shock was HBOS. That should never have gone. Hopefully that should now be it for the British Banks.
If another UK based bank does go a bit wobbly then we really are in trouble because there are no more "small" ones left.

[HairyArsedBloke]

Are we seeing the government's ultimate tax system? Hold all your savings/investments to ransom unless you pay enough tax, which might coincidentally be the same amounts.

There is an alternative and that is .....

[PAH]

Is this on the strength of B&B's recent job losses anouncement or was there more of an indication that they were listening to Dire Straits?

If all it takes is a bit of normal cutting back in a downturn to trigger a share collapse and inevitable rescue, there's going to be lots of similar cases in the coming months.

Fortunately the government is going to make sure no prominent "high street" bank goes under. Your savings are as safe as your pensions in their hands.

Are we seeing the government's ultimate tax system? Hold all your savings/investments to ransom unless you pay enough tax, which might coincidentally be the same amounts.

[sappatz]

B&b

its official now

http://www.telegraph.co.uk/finance/f...-Treasury.html

[Stan.goodvibes]

I have about £10k in a savings account with them.

Should I be worried?

Yes. Send all your money to me right now for safekeeping.

[Clippy]

I have about £10k in a savings account with them.

Should I be worried?

[Cyberman]

I wonder if HMG will value it as if it is bust so that shareholders get nothing and they can flog it off for a profit in a few years.

[bogeyman]

Typical.

Can't even stay in a seaside Bed & Breakfast without these NuLab nazis nationalising it.

[thunderlizard]

That would be nice. I've got one of their bonds with 2 years left to mature. That way I'll get my capital back and be doing my bit for Britain in the meantime, comrades.

tl

[HairyArsedBloke]

They should get everyone who has borrowed from them to repay their loans. Then they would have plenty of money.

[BolshieBastard]

May be, may be not.

Your point is what?

[sappatz]

http://www.telegraph.co.uk/finance/f...ly-likely.html