Cycling UK Forum

Psamathe wrote: 15 Sep 2022, 9:39am

reohn2 wrote: 15 Sep 2022, 8:28am Even more of the brown stuff:- https://www.bbc.com/news/business-62906854

It's actually a positive thing. Bankers bonuses are so disliked that scrapping a cap will give Labour even more material for the next election. (And Labour would restore any cap before any bankers actually got any bonuses anyway). Really just highlights the stupidity of the new incumbents. So positive in that it will help ensure Truss et. al. are out in a couple of years.

Ian

As often, there was a good discussion on Today this morning.

It was agreed it plays awfully in terms of PR and its timing, but the point was made that what has happened is that base pay has simply grown to fill the gap, which is even worse in many respects.

reohn2 wrote: 15 Sep 2022, 8:28am Even more of the brown stuff:- https://www.bbc.com/news/business-62906854

The ERG administrative regime living up to its fascist principles of Entitlement, Rule and Greed while the Tory Press Propaganda machine deliberately bury the news with the Queens Coffin.

Bonefishblues wrote: 15 Sep 2022, 9:48am

Psamathe wrote: 15 Sep 2022, 9:39am

reohn2 wrote: 15 Sep 2022, 8:28am Even more of the brown stuff:- https://www.bbc.com/news/business-62906854

It's actually a positive thing. Bankers bonuses are so disliked that scrapping a cap will give Labour even more material for the next election. (And Labour would restore any cap before any bankers actually got any bonuses anyway). Really just highlights the stupidity of the new incumbents. So positive in that it will help ensure Truss et. al. are out in a couple of years.

Ian

As often, there was a good discussion on Today this morning.

It was agreed it plays awfully in terms of PR and its timing, but the point was made that what has happened is that base pay has simply grown to fill the gap, which is even worse in many respects.

The increase in base salaries will not be undone should the bonus cap be increased or discarded so if they relax bonus limits it will make everything even worse.

Ian

Psamathe wrote: 15 Sep 2022, 9:56am

Bonefishblues wrote: 15 Sep 2022, 9:48am

Psamathe wrote: 15 Sep 2022, 9:39am
It's actually a positive thing. Bankers bonuses are so disliked that scrapping a cap will give Labour even more material for the next election. (And Labour would restore any cap before any bankers actually got any bonuses anyway). Really just highlights the stupidity of the new incumbents. So positive in that it will help ensure Truss et. al. are out in a couple of years.

Ian

As often, there was a good discussion on Today this morning.

It was agreed it plays awfully in terms of PR and its timing, but the point was made that what has happened is that base pay has simply grown to fill the gap, which is even worse in many respects.

The increase in base salaries will not be undone should the bonus cap be increased or discarded so if they relax bonus limits it will make everything even worse.

Ian

Bankers will over time adjust pay to make total compensation a greater % bonus/performance-based, just as they have had to adjust to the bonus capping. It's how it works.

Debs wrote: 15 Sep 2022, 9:55am

reohn2 wrote: 15 Sep 2022, 8:28am Even more of the brown stuff:- https://www.bbc.com/news/business-62906854

The ERG administrative regime living up to its fascist principles of Entitlement, Rule and Greed while the Tory Press Propaganda machine deliberately bury the news with the Queens Coffin.

Yer not wrong!

It would be interesting to find out more about who benefits from these changes - numbers, what their salaries actually are, what roles they play in their organisations, where they live & work etc. I imagine the head count is fairly low... if so, it's an odd step - almost like a statement of intent.

Poo checkers:- https://www.theguardian.com/environment ... ted-rivers

The new chancellor wants to remove caos on bankers' bonuses.Can we expecta repeat of 2008 with extravagant gambles funded by other peoples 'funds?

Bit of a tangent but this seems to have become "The Politics Thread" and I'm not starting another thread ...

https://www.theguardian.com/uk-news/2022/sep/15/delays-leave-man-facing-four-years-in-leicester-jail-without-trial wrote: Delays leave man facing four years in Leicester jail without trial

A man has been told he will have to spend at least four years and three months in jail without trial as a result of Covid, barrister strikes and a malfunctioning courtroom.

Voja Petkovic, 36, was arrested in January 2019 and remains on remand in Leicester prison despite not having been convicted of any of the charges against him.

He is not now due to step into court until April 2023, and the Crown Prosecution Service (CPS) has already started making representations to delay the case further until 8 May 2023 owing to a backlog.

Petkovic has been caught up in a multifaceted crisis that has led the Law Society of England and Wales to warn of a “collapsing criminal justice system”....

Innocent until proven guilty - seems a bit of an empty phrase when somebody spending 4 yrs in jail without a trial.

Ian

Psamathe wrote: 15 Sep 2022, 6:24pm Bit of a tangent but this seems to have become "The Politics Thread" and I'm not starting another thread ...

https://www.theguardian.com/uk-news/2022/sep/15/delays-leave-man-facing-four-years-in-leicester-jail-without-trial wrote: Delays leave man facing four years in Leicester jail without trial

A man has been told he will have to spend at least four years and three months in jail without trial as a result of Covid, barrister strikes and a malfunctioning courtroom.

Voja Petkovic, 36, was arrested in January 2019 and remains on remand in Leicester prison despite not having been convicted of any of the charges against him.

He is not now due to step into court until April 2023, and the Crown Prosecution Service (CPS) has already started making representations to delay the case further until 8 May 2023 owing to a backlog.

Petkovic has been caught up in a multifaceted crisis that has led the Law Society of England and Wales to warn of a “collapsing criminal justice system”....

Innocent until proven guilty - seems a bit of an empty phrase when somebody spending 4 yrs in jail without a trial.

Ian

Interestingly the guy has two previous substantive sentences for supplying class A drugs it appears. His latest charges include firearms offences as well. The alleged kin pin of a major organised crime group bless.

Petkovic, 35, of Whinbush Avenue, Allenton, is charged with four counts of conspiracy to supply class A drugs, one county of conspiracy to supply a class B drug, three counts of possession of a prohibited firearm, possession of ammunition and possession of criminal property, namely £354,000.

https://www.derbytelegraph.co.uk/news/d ... re-3820559

They need to get him up before the beak ASAP....I can't imagine the legal aid cost to the taxpayer.

Truss in action:- https://youtu.be/njafhwOD_ds

reohn2 wrote: 15 Sep 2022, 11:30pm Truss in action:- https://youtu.be/njafhwOD_ds

Did you mean "Truss inaction",as in "not bothering to do government in any useful or even traditional fashion"? How can a person be so busy yet achieve so little? But perhaps she's achieving quite a lot albeit for a teeny-weeny group of already rich & corrupt puppeteers of our pernicious politicians?

Bokum murdered by inaction too, as I recall. When the counts of those left to die at the hands of government "policies" have been finalised, will the culprits be had-up and sent to a penal colony or even the special house of barmpots with big locks on the doors? No, those rascals have scuppered the legal system too!

Cugel, not keen on anarchy in the UK.

Now is the time to get out from the library as many detailed social history books about C18th as you can, because we seem to be hurtling back there at an incredible pace, leaping straight over the C19th, to land in a time of quite incredible social division, mob violence whipped-up by unscrupulous politicians, ineffective law-keeping and brutal punishments, largely ineffective and judgemental ‘poor relief’, and universal bad teeth.

As if the Windrush scandal(quietly swept under the Tory carpet)the compesation scandal,is worse still:- https://www.independent.co.uk/news/uk/h ... 62496.html

Nearholmer wrote: 16 Sep 2022, 2:57pm Now is the time to get out from the library as many detailed social history books about C18th as you can, because we seem to be hurtling back there at an incredible pace, leaping straight over the C19th, to land in a time of quite incredible social division, mob violence whipped-up by unscrupulous politicians, ineffective law-keeping and brutal punishments, largely ineffective and judgemental ‘poor relief’, and universal bad teeth.

Indeed.

Is there any chance that events will bring both voters and those they vote for back to some sort of sense (or consensus) akin to The Post-War Settlement that took hold following the trauma of the first half of C20th with its two world wars along with the intervening economic crash? I fervently hope so but such a scenario seems very unlikely just now. One gets the feeling that the C21st is going to be a repeat of the C20th with knobs on - more fantastical technology to amplify the mad doings of the humans possessing it.

Just now we have rumours of Putin escalating the nuclear option, from a mere threat to a use of "tactical" nuclear weapons, so as to reverse his reverses in Ukraine. Once that path is taken, how long before the situation escalates to nuclear winter, as all the mad folk of various governments puff out their chests belligerently whilst pressing their buttons in a fit of "better dead than red" style emotions?

Aye .... we're all doomed!

Cugel, still awaiting Progressive Utopia, absent like the last bus that never appears when you're 20 miles from home somewhere in The Pennines with no overcoat and its snowing.