I am not talking about banks I am talking about entrepreneurs and small to medium sized businesses

 

I have a lot of issues with banks, I know a number of people who are being denied business funding atm by banks and something needs to be done about that, if they start awarding themselves big bonuses then they need to be punished but what I am referring to is small and medium and family run businesses

 

No-one is suggesting that SMALL businesses should have to pay more. What people are saying is that the big businesses and the banks, who are deep in the black and have about 100 times more than enough to pay off the deficit, should.

How does this have anything to do with knowing when to cut the deficit?

 

Not a lot LMAO but needed to state my economic credentials

No-one is suggesting that SMALL businesses should have to pay more. What people are saying is that the big businesses and the banks, who are deep in the black and have about 100 times more than enough to pay off the deficit, should.

 

While I am generally in agreement with some of the things that Cable is saying and in theory agree with his bash the banks stuff in practice it will lead to even less lending to businesses as any penalties the banks get they will recoup either from higher penalties from consumers getting overdrawn or longer to clear cheques or starve small businesses of even more money as they divert their lending funds towards paying fines.

 

Cable goes in too hard on the banks it will be counter productive and do more harm than good

Not a lot LMAO but needed to state my economic credentials

I think a former economics lecturer and chief economist at Shell has better credentials.

No-one is suggesting that SMALL businesses should have to pay more. What people are saying is that the big businesses and the banks, who are deep in the black and have about 100 times more than enough to pay off the deficit, should.

 

But how do you make them pay more without harming the end users ?

 

BP we will get higher petrol prices as they recoup the penalties

Centrica we will get higher gas prices as they recoup the penalties

Banks we will get higher bank charges and less business funding

Tescos we will get higher food prices

 

It is unworkable without harming the end user

But how do you make them pay more without harming the end users ?

 

BP we will get higher petrol prices as they recoup the penalties

Centrica we will get higher gas prices as they recoup the penalties

Banks we will get higher bank charges and less business funding

Tescos we will get higher food prices

 

It is unworkable without harming the end user

Oh don't be so retarded.

 

If BP raise petrol prices, then people will buy petrol from Supermarkets or Shell or Esso.

If Centrica raise prices, people will switch supplier to someone like EDF or Scottish and Southern [god only knows why]

Same with banks, if one bank doesn't raise their fees everyone will run to them

If Tesco's raise prices it'll drive more people to Morrisons and Asda. Tesco are already having issues with their market share.

 

 

It's perfectly workable as the basics of economics would stop them raising prices as their demand would fall. FFS Craig it's economics 101. The higher the price, the smaller the demand. For someone who supposedly run's a business thats successful you are economically illiterate and clearly have no business knowledge either.

Oh don't be so retarded.

 

If BP raise petrol prices, then people will buy petrol from Supermarkets or Shell or Esso.

If Centrica raise prices, people will switch supplier to someone like EDF or Scottish and Southern [god only knows why]

Same with banks, if one bank doesn't raise their fees everyone will run to them

If Tesco's raise prices it'll drive more people to Morrisons and Asda. Tesco are already having issues with their market share.

It's perfectly workable as the basics of economics would stop them raising prices as their demand would fall. FFS Craig it's economics 101. The higher the price, the smaller the demand. For someone who supposedly run's a business thats successful you are economically illiterate and clearly have no business knowledge either.

 

It's not the way it works with supermarkets don't underestimate brand loyalty, the fact that the likes of Aldi and Netto are flopping big time despite the harshest recession since the 30's and some upmarket ones are doing amazing shows that price isn't everything, if Tesco's raise their prices to claw back fines from Cable then they won't lose customers as most customers don't give a monkeys about price or Aldi/Netto would have a monopoly over supermarket retailing now.

 

Centrica was just an example, they would all get hammered by the government as they are all not passing on drops in wholesale prices to consumers and are making billions of £ of profit on the back of this, all the energy companies are in on the same scam so they would all get clobbered so there would be no alternative for the consumer than extra prices.

 

BP/Shell/Esso etc would all get hammered by Cable too so again there would not be much competition for consumers if the money was clawed back and Asda/Tescos etc don't drill for oil themselves they buy it wholesale from BP and Shell etc so their prices would go up too

Edited September 22, 201014 yr by I ❤ JustinBieber

Capitalism is an essential component of any modern society and should be its driving force, as Gordon Gekko said "Greed Is Good", success and making something of one's life should be a source of great pride and instead it is sneered at as if being a success in life is the same as being a paedophile or rapist

 

For the last 13 years we have had creeping socialism, government thinking they know best and burdening entrepreneurs with more rules and regulations and directives and paperwork, if Britain is to be a powerhouse again it needs a free market for entrepreneurs to be successful and less regulation

 

Entrepreneurs will lead the recovery so I hope Cable will leave business alone to do business

The United Kindgom has never been a full 'Free Market Economy' our links to mainland Europe are far too strong for us to follow the American model. The UK is continuously moving up and down on the continuum between Social Market Ideology and Free Market Ideology also known as the European and US models. We have no clear place on this continuum, something which is an economic fact. I know you don't like those pesky facts very much craig, but fact it is. My Strategy and Marketing lecturer spent a large number of years in the industry before moving into teaching.

 

 

You'll find very very very few lecturers and academic writers that don't have real world experience. They also tend to have experience that would pwn your's. Some of my lecturers have worked for the big 4 firms in the accounting business [KPMG, Delloite, PWC and sumone else :lol:] and been published in some of the worlds leading journals on Accounting and Economics. I think they have a better idea of what is happening in the world than you, so these text book theories are always based in actual truths and are followed by a substantial number of the leading Business minds of the world.

It's not the way it works with supermarkets don't underestimate brand loyalty, the fact that the likes of Aldi and Netto are flopping big time despite the harshest recession since the 30's and some upmarket ones are doing amazing shows that price isn't everything, if Tesco's raise their prices to claw back fines from Cable then they won't lose customers as most customers don't give a monkeys about price or Aldi/Netto would have a monopoly over supermarket retailing now.

 

Centrica was just an example, they would all get hammered by the government as they are all not passing on drops in wholesale prices to consumers and are making billions of £ of profit on the back of this, all the energy companies are in on the same scam so they would all get clobbered so there would be no alternative for the consumer than extra prices.

 

BP/Shell/Esso etc would all get hammered by Cable too so again there would not be much competition for consumers if the money was clawed back and Asda/Tescos etc don't drill for oil themselves they buy it wholesale from BP and Shell etc so their prices would go up too

Actually, it is the way it works with supermarkets. I would know, i work for one. The Big 4 are in very very very strong competition with each other, one raises prices and the others have a field day and pounce. Especially Asda who will spend millions hammering Tesco in their adverts trying to regain the market share they have been losing.

 

People don't shop at Aldi/Netto/Lidl partially as they don't have a large amount of stock in their stores which reduces their possibility for a large market share even though they have a large number of stores [Aldi - 422 and Lidl - 568] While this is larger than Morrions [403] they only have a small number of stores that are small, and they are all larger than the standard Lidl/Aldi store, hence their ability to have a high market share.

 

It's competition basics. They sell more products and have larger stores hence the higher market share. Waitrose have been undergoing an expansion with the number of the stores they have greatly increasing over the past decade. Hence an increasing market share. Its nothing to do with the health of the economy, rather new people being able to shop at waitrose.

 

Plus the whole snobbery aspect of it. An Aldi opened a wee while back down the road from Morrisons in St Andrews and the old Safeway store in Cupar became a Lidl eventually after the Tesco in the town opened. Neither Tesco nor Morrisons have had any issues with market share in the towns. The Aldi/Lidl aren't very popular as you can't do a full weekly shop their as their product range is too small and the area is upmarket and they are too snobby to shop their.

 

 

Centrica daren't raise prices after a huge tax levy, the bad press alone would be enough to give their competition a field day and a huge boost in customer numbers. Same with BP/Royal Dutch Shell/ESSO. If one doesn't raise the prices [and it only takes one] the the demand of the others collapses. Once more basic economics. I appologise for presenting you with facts again, but you were talking $h!t.

 

Oh and Tesco, Asda, Morrisons and Sainsburys all make enough money to absorb a small price rise by their supplier, thereby keeping the average price low and putting a price gap between the oil companies and the supermarkets. Economics 101 would then tell you that the Oil companies would be forced to follow suit and lower their prices or their demand would collapse.

Very good speech from Vince Cable - rather better than Clegg's on Monday.

 

Opening lines...

 

I have managed to infuriate the bank bosses; acquire a fatwa from the revolutionary guards of the trades union movement; frighten the Daily Telegraph with a progressive graduate payment; and upset very rich people who are trying to dodge British taxes. I must be doing something right.

 

He attacked bankers and Bob Crow in one sentence...

 

On banks, I make no apology for attacking spivs and gamblers who did more harm to the British economy than Bob Crow could achieve in his wildest Trotskyite fantasies, while paying themselves outrageous bonuses underwritten by the taxpayer. There is much public anger about banks and it is well deserved.

 

He went on to announce something which would definitely not have happened without Lib Dem input...

 

And the principle of responsible ownership should apply across the business world. We need successful business. But let me be quite clear. The Government’s agenda is not one of laissez-faire. Markets are often irrational or rigged. So I am shining a harsh light into the murky world of corporate behaviour. Why should good companies be destroyed by short term investors looking for a speculative killing, while their accomplices in the City make fat fees? Why do directors sometimes forget their wider duties when a cheque is waved before them?

 

Capitalism takes no prisoners and kills competition where it can, as Adam Smith explained over 200 years ago. I want to protect consumers and keep prices down and provide a level playing field for small business, so we must be vigilant right across the economy – whether in the old industries of economies textbooks or the newer privatised utilities and cosy magic circles in auditing, law or investment banking. Competition is central to my pro market, pro business, agenda.

 

All good stuff.

 

There's a reason why the only party Ian Hislop will support is the ''Vince Cable for Chancellor Party"

...I was under the impression Aldi had been absolutely booming the last couple of years because of the recession? For someone who's such an avowed free marketeer, Craig, you really don't seem to understand the concept of competition. These firms have massive profits - some will be willing to take a hit to them rather than always pass the cost on to consumer.

...I was under the impression Aldi had been absolutely booming the last couple of years because of the recession? For someone who's such an avowed free marketeer, Craig, you really don't seem to understand the concept of competition. These firms have massive profits - some will be willing to take a hit to them rather than always pass the cost on to consumer.

Their market share has risen, yes, but not to an amount that would make the Big 4 see them as a threat. Asda are perhaps the only retailer looking a bit scared, and thats purely because Aldi/Lidl and Asda all compete on price and proclaim to be the lowest. From what i understand, while the sales growth of Aldi is high, it's translating into a minuscule increase of it's market share.

<_< Iam not a political super-brain. But what gets me angry is how Nick Clegg as a Lib/Dem leader who actually lost seats in the General Election from high % pre-election polls,can end up Deputy leader of the country :rolleyes:

 

If they had a decent leader even Charles Kennedy was better than him it would have been a Lab/Lib coalition.

 

Clegg has sold the liberals down the river to total decimation/disunity at the next election for abit of power for himself.All the other Lib MPs should revolt and form a new party.

 

Bah another 10 years of C*ntservative party :cry:

<_< Iam not a political super-brain. But what gets me angry is how Nick Clegg as a Lib/Dem leader who actually lost seats in the General Election from high % pre-election polls,can end up Deputy leader of the country :rolleyes:

 

If they had a decent leader even Charles Kennedy was better than him it would have been a Lab/Lib coalition.

 

Clegg has sold the liberals down the river to total decimation/disunity at the next election for abit of power for himself.All the other Lib MPs should revolt and form a new party.

 

Bah another 10 years of C*ntservative party :cry:

Not really - he isn't the only Lib Dem in the Cabinet.

<_ iam not a political super-brain. but what gets me angry is how nick clegg as lib leader who actually lost seats in the general election from high pre-election polls end up deputy of country :rolleyes:>

First, while the Lib Dems lost seats, their share of the vote went up. Second, no party won an overall majority so some sort of deal was necessary. Such arrangements are common in the rest of Europe and may become increasingly common here.

Not really - he isn't the only Lib Dem in the Cabinet.

 

All of those sold out for some ahem "power". I mean its the only way the liberals can get a seat in government. But why go back on your election manifesto and sell out the entire party for 4 members to be Cameron's bitch? And leave your party with zero credibility.

 

The only reason the tories agreed to the coalition is they know the referendum will go there way.

 

Clegg is so a conservative anyway wouldnt suprise me if he doesnt defect in the future.

All of those sold out for some ahem "power". I mean its the only way the liberals can get a seat in government. But why go back on your election manifesto and sell out the entire party for 4 members to be Cameron's bitch? And leave your party with zero credibility.

 

The only reason the tories agreed to the coalition is they know the referendum will go there way.

 

Clegg is so a conservative anyway wouldnt suprise me if he doesnt defect in the future.

The Lib Dems have not gone back on the whole of the manifesto. They have had to abandon some parts of it but that's an inevitable part of coalition deals. The Tories have also had to sacrifice parts of their manifesto.

 

The Lib Dems have achieved the jntroduction of the pupil premium, an increase in Capital Gains Tax, an increase in personlal allowances among other things.

...I was under the impression Aldi had been absolutely booming the last couple of years because of the recession? For someone who's such an avowed free marketeer, Craig, you really don't seem to understand the concept of competition. These firms have massive profits - some will be willing to take a hit to them rather than always pass the cost on to consumer.

 

Tyron much as you might deny it you ARE a capitalist even if you have socialist beliefs, when you were selling sandwiches you were desperate to sell more than your competitor, you were desperate to outsmart him, your behaviour when selling the sandwiches was 100% capitalism in action

Tyron much as you might deny it you ARE a capitalist even if you have socialist beliefs, when you were selling sandwiches you were desperate to sell more than your competitor, you were desperate to outsmart him, your behaviour when selling the sandwiches was 100% capitalism in action

I don't deny capitalism being a useful thing at all! I deny fundamentalist capitalism. I take a social democrat stance on things - markets are an essential tool for the generation of wealth, but must be checked by strong regulation to hold negative externalities in check.

I don't deny capitalism being a useful thing at all! I deny fundamentalist capitalism. I take a social democrat stance on things - markets are an essential tool for the generation of wealth, but must be checked by strong regulation to hold negative externalities in check.

 

I am kinda different I believe in an unregulated or low regulated free market so long as companies are not abusing a monopoly or operating cartels to fix prices, both situations need to be heavily clamped down on