Did we also bailout the Queen's Bank?

[pallaz1851]

I read an article of an interview with Michael Morley CEO of Coutts & Co. Bankers, in which he made the statement that 30 years ago Banks used to have a 'Social purpose' ......now he states, they are nothing more than a Sales Organisation!!

I was impressed that he openly admitted what all of us are thinking, we are only COMMODITIES to be traded, we are NOT Customers and it is about time that the spin doctor from the BBA admitted this instead of all the 'crap' she comes out with.

It then occurred to me that with the bailout of RBS came the thought, that I remember them taking over Natwest in Feb2000, I banked with Natwest, The Drapery, Northampton at the time, it also occured to me that Natwest owned Coutts & Co. The Queen's Banker....also David Beckham's!!

Therefore, I am correct in assuming that the UK Gov with the taxpayers money 'Bailed out the Queens Bank??'

[The Debt Star]

Re: Did we also bailout the Queen's Bank?

Dunno but he's absolutely right. trouble is, its not just the banks. We're commodities in every walk of life now imo. The result of Thatcherism in my humble. Just look at the nanny state thats developed over the past 20 years; the way kids are 'farmed' out at schools with 12 GCSE A stars and then processed onto universities to keep them off the unemployment stats.

[pallaz1851]

Re: Did we also bailout the Queen's Bank?

Thanks Debt Star, we have also just gone through 19 years of 6 Uni's and thank god we have finished, but the debts the kids have ended up with are 'astonishing' never mind OH and me!! and for those of 16 to 18 about to lose their funding and the chance to go on to higher education....we are about to change to only the 'elite' being able to afford it...I also feel for the parents because I know what mine 'ate' at that age....couldn't fill them...gannet's all of them!!
That is why I am here (debts) I have one thread runnig on Crapquest I have acted upon under advice from all of you...many thanks....the worst one is about to come...car finance which I shall post later this week I hope...we need help big time...

[PriorityOne]

Re: Did we also bailout the Queen's Bank?

15/16-year-olds are currently farmed out onto courses.... any courses.... as long as they don't leave school as NEET (not in employment, education or training). The Gov. doesn't like NEETs because they're embarrassing stats.... and because there are no proper jobs out there, they have to put them somewhere, so they go on these often very stupid and pointless courses..... that give often very stupid and pointless "qualifications" at the end.

I work in a school and the pressure to get certain kids to leave with something... anything... when they're totally switched off from education..... and then onto a course afterwards is intense!!

If politicians actually knew what they were doing during previous Governments as well as now, the country wouldn't be in such a sad and sorry mess!!

:yell:

[pallaz1851]

Re: Did we also bailout the Queen's Bank?

Hi Priority One,

You are on a favourite subject of mine and that is -

Given that the population of the USA is approx 350 million

Given the population of the UK is approx 65 Million

Given the population of China is approx 1.something billion

China has a programme of pushing and funding at least 500,000 students per year through the SCIENCES and Mathematics (never mind all the other degrees - business and eceonomics), in 30 years time it is not impossible to perceive that the reason that China will control the whole world is NOT through might! but through education and innovation as leaders of the world in technology and finance.
The mighty Dollar of the USA will be left behind in the dust.

19th Century the United Kingdom led the world

20th Century the USA led us into the space age

21st Century will be China's

The ONLY way we (UK) can advance from reversing...... into a third world economy is through Education......why can't the twits we have now and those before see that???
It is soooooo obvious.

[pompeyfaith]

Re: Did we also bailout the Queen's Bank?

One of my sons is now 19 just he played the government game a went to collage after his school years banking on getting a job at 19 with those extra qualifications.

Indeed the Government has let him down as there are now no jobs to be had with the qualifications he has gained.

He is now unemployed and getting the short shift and run around by the jobcentre.

He got called by the jobcentre today and told to go down there just so they could tell him there is no need to sign on whilst he is on a retail course.

Waste of busfare money when they could of told him about that over the phone. I was right peed off too as that little money he gets is needed for interview travelling and not wasted trips to the jobcentre.

All I can say is hold onto your hats as this countries economy is about to get a lot worse.

I can foresee an interest rate rise in the coming months and that will put a spanner in the works.

[Sapphire]

Re: Did we also bailout the Queen's Bank?

Whilst I agree with you that the government has failed the kids, you must also accept that blame must also fall on the shoulders of a lot of parents, a lot of them sit on their bums, don't want to go to work and are happy to hold out their hands for benefits, they do not encourage their children to get an education and better themselves, these children in turn think that the way forward is to breed more children and hold out their hands for yet even more benefits.
Its a never ending circle and an ever increasing one too, there is only one answer really, and that is for the Government to announce that say in a years time there will be no more benefits/free housing for 'new' claimants and that families will have to support their own, that will then make our youngsters realise that there is no such thing as a free lunch and will encourage them to stay at school and get their qualifications. The government would save billions by not paying out the benefits/housing etc and be able to fund the colleges, universities and improve the schools, they will also have enough to plough more money into the health service too.
Sorry if that sounds radical but its just got to be done.

Another thing the government could do to improve employment would be to lower the Corporation Tax for small - medium enterprises, that way they would be able to afford to take on more staff, thus far getting the unemployment lists down.

[PriorityOne]

Re: Did we also bailout the Queen's Bank?

A friend of mine has 2 children out of work. The son is nearly 22 and the stupid job centre has made him go down to Morrisons and work there for nothing for two weeks to get work experience because he's been unable to find work. He has no choice over this. No wonder there are no jobs when the Job Centre puts people forward for FREE!!

The daughter's situation is not good either.... she has been offered zero hours at another supermarket after completing several weeks of work experience there as part of one of the pointless college courses she completed; the kind that the Gov. try and push young people on to to keep them off the stats.

To be honest, I don't know if I'm more sad that young people have such a bleak future.... or more angry at the fecklessness of our Government(s)!!

:yell:
------------------------------- merged -------------------------------

Whilst I agree with you that the government has failed the kids, you must also accept that blame must also fall on the shoulders of a lot of parents, a lot of them sit on their bums, don't want to go to work and are happy to hold out their hands for benefits, they do not encourage their children to get an education and better themselves, these children in turn think that the way forward is to breed more children and hold out their hands for yet even more benefits.

Totally agree with you there.... I was talking about this subject today at work actually. I deal with a lot of these parents as part of my job..... and it's a real eye-opener to say the least....

[pallaz1851]

Re: Did we also bailout the Queen's Bank?

Hi Sapphire and Priority One,
My opinion is thus, there will always be the 'academics' in every school year and there will always be the middle road who choose sales and management, but there always has been the bottom end who have as each year passes been ignored....and now there are no longer any Apprenticeships...as such.....I myself served a seven year apprenticeship through which I was made to attend one day release and two evenings in my own time!!! to achieve the qualifications of a 'Printer'
I loved my industry and learned a great deal from those that taught me....we have generations wandering the streets with ONLY their hands to hold out!!!
I can see where you are coming from and there will always be a Minority along those lines, but I firmly believe that given the chances and more than that ....the interest in their futures...then we would see a totally different side to MOST of these 'lost' souls....and create a better place to live within the UK......values and all that!!

[pallaz1851]

Re: Did we also bailout the Queen's Bank?

re Pompeyfaith,

I am afraid that your Son is suffering because of the consequences of the Banking bail out, everything went to the wall other than save the 'Too big to fail'...it was all about Politics unfortunately and now a generation is really going to suffer depravation, I do not know the answer, if there weren't such stringent controls I would advise your Son to get off to NZ/OZ/Canada and learn a trade there and a far far better lifestyle......providing he grasps the opportunity and works....they don't like whinging poms!!!

[PriorityOne]

Re: Did we also bailout the Queen's Bank?

I can see where you are coming from and there will always be a Minority along those lines, but I firmly believe that given the chances and more than that ....the interest in their futures...then we would see a totally different side to MOST of these 'lost' souls....and create a better place to live within the UK......values and all that!!

Yes, I agree.... these are the kids I work with; lost souls for many reasons other than academic ones sometimes.

It's very hard to climb out of a social bracket, especially when you see no reason for trying and your parents can't be *rsed. Times are hard for everyone right now but for these kids.... most of them just grow up to churn out more underclass kids of their own to secure/perpetuate a lifestyle. The Gov. brush it under the carpet at their peril, IMO.... and carry on making pointless social policy changes that tackle nothing and so the underclass grows...

Sad times..... :-(

[leclerc]

Re: Did we also bailout the Queen's Bank?

I read an article of an interview with Michael Morley CEO of Coutts & Co. Bankers, in which he made the statement that 30 years ago Banks used to have a 'Social purpose' ......now he states, they are nothing more than a Sales Organisation!!

I was impressed that he openly admitted what all of us are thinking, we are only COMMODITIES to be traded, we are NOT Customers and it is about time that the spin doctor from the BBA admitted this instead of all the 'crap' she comes out with.

It then occurred to me that with the bailout of RBS came the thought, that I remember them taking over Natwest in Feb2000, I banked with Natwest, The Drapery, Northampton at the time, it also occured to me that Natwest owned Coutts & Co. The Queen's Banker....also David Beckham's!!

Therefore, I am correct in assuming that the UK Gov with the taxpayers money 'Bailed out the Queens Bank??'

You are correct, Coutts and Co are part of RBS Group.
I would agree about his comments on the modern banking system. The very fact that some banks are doing charitable works is irrelevant to the fact of what they are actually doing.

[pallaz1851]

Re: Did we also bailout the Queen's Bank?

Hi leclerc,
I thought this one may bring a comment from you and 'chuckled'
Did you ever work or visit The Drapery, Northampton whilst working for Natwest? at the time I used them they had a very personable Manager called Jim Poland he led me to believe this was the 'Clearing Bank' for Natwest Managers, so many came and went!
Lol

[leclerc]

Re: Did we also bailout the Queen's Bank?

Hi leclerc,
I thought this one may bring a comment from you and 'chuckled'
Did you ever work or visit The Drapery, Northampton whilst working for Natwest? at the time I used them they had a very personable Manager called Jim Poland he led me to believe this was the 'Clearing Bank' for Natwest Managers, so many came and went!
Lol

I worked in Cambridge(all branches including sub branches), I worked in Newmarket, Ipswich and Thetford but never in Northampton.
Managers today are sales managers not customer managers. They manage targets and are limited in their ability to do anything else.