Social businesses shut out of government support
15/02/2021 | news | business | 84
Most 'ethical' banks don't offer bounce back loans, forcing hundreds of community-run businesses to close.
1
15/02/2021 09:55:59 25 7
bbc
''Like other social enterprises, it is run like a business but for social good rather than maximum profit.''

The author of this report gives away their jaundiced view of capitalism with this comment. Many businesses, particularly small businesses, aim to achieve a fair balance between price and profit.
47
15/02/2021 14:52:33 3 4
bbc
Dear Google,

What does "maximum" mean?

I read an article but couldn't understand the fine distinction between "some return to maintain viability" and "maximum profit at the epense of everyone".

In my mind, they are synonymous.

I like to use HYS to badmouth the authors of articles that I didn't really understand.

Please help
79
15/02/2021 19:33:43 0 1
bbc
You gave away your jaundiced view that there's nothing wrong with modern capitalism when the evidence of the last 11 years show us that it failed completely and only continues to function because governments have been magicking money onto the balance sheets and buying debt from businesses.
82
15/02/2021 19:37:28 0 1
bbc
Since 2008 most Government borrowing has been through its bank, the BoE, buying Government corporate bonds:

https://www.theguardian.com/business/2019/mar/08/the-verdict-on-10-years-of-quantitative-easing

The BoE is part of Government:

https://www.bankofengland.co.uk/knowledgebank/who-owns-the-bank-of-england The BoE has conjured the money it has used to buy Government bonds out of thin air.
83
15/02/2021 19:38:08 0 1
bbc
The BoE has also been, since the 2008 crash, buying back Government bonds from financial institutions, who have in turn bought more Government bonds; and it's been going in that circular motion ever since.

This is all funded by the money conjured out of thin air; it has redirected lots more wealth to the rich, whilst we have been sold the lie we need to repay it through austerity & wage freezes.
2
15/02/2021 09:57:05 13 4
bbc
Respect to all those volunteering and helping their communities.

However, the government has to be super careful with any loan / bounce back system.

Who pays if the loan goes bad?

It should not be the taxpayer....
8
15/02/2021 10:06:31 9 1
bbc
Government has lost a fortune to fraud so far.... Checking these banks should be simple.
3
15/02/2021 09:57:32 24 8
bbc
So the headline makes it sound like the government's fault, when in reality these "social businesses" chose the wrong bank to start with.
7
15/02/2021 10:05:54 5 14
bbc
So why doesn't the government just give them accreditation?
42
15/02/2021 14:21:30 1 2
bbc
And set up by the community, for the community- which means in bad times as well as good. Sadly it seems none of them kept any reserves like prudent businesses do with some profits...
Why should Govt support them? The community should be bailing out their community businesses.
Many of these 'enterprises' compete with real businesses...
4
15/02/2021 09:59:34 1 9
bbc
Sorry BBC but so called ethical Banks what does this mean. Triodes is so ethical it once advertised for another banks ethical account. It's whole ethos is to try and make the world better for all life.
28
15/02/2021 11:43:26 1 2
bbc
And pond life like yourself....
46
15/02/2021 14:49:47 0 1
bbc
Dear Google,

What does Ethical Banking mean?

I cannot find the internet, although can comment on a BBC story in a thinly-veiled attempt to feign my own ignorance, which everyone sees a BBC-bashing.

Please help

Yours as always,

The anti-BBC coalition of enemies of democrary
5
15/02/2021 10:05:36 6 5
bbc
A bank is there to judge whether they will get the interest back on the loan they pay out. They could factor in whether the industry will be alive by the time the loan is due, but beyond that they have no reason to be judging the business. If a business makes sausage casings, that is unethical to a Vegan but most of society is fine with it. Who draws the line and where?
6
15/02/2021 10:09:41 9 4
bbc
Change bank maybe?
12
15/02/2021 10:37:12 7 2
bbc
If you read the article there are examples of companies trying ti change banks & being rejected!??
45
15/02/2021 14:47:32 0 0
bbc
Read article past the first couple of lines, maybe?
3
15/02/2021 09:57:32 24 8
bbc
So the headline makes it sound like the government's fault, when in reality these "social businesses" chose the wrong bank to start with.
7
15/02/2021 10:05:54 5 14
bbc
So why doesn't the government just give them accreditation?
9
15/02/2021 10:25:02 5 1
bbc
Triodos decided not to apply for accreditation to join the scheme because the loan sums were too small for their liking.
14
15/02/2021 10:38:39 4 3
bbc
Because that would entail the Govt actually thinking!??
2
15/02/2021 09:57:05 13 4
bbc
Respect to all those volunteering and helping their communities.

However, the government has to be super careful with any loan / bounce back system.

Who pays if the loan goes bad?

It should not be the taxpayer....
8
15/02/2021 10:06:31 9 1
bbc
Government has lost a fortune to fraud so far.... Checking these banks should be simple.
7
15/02/2021 10:05:54 5 14
bbc
So why doesn't the government just give them accreditation?
9
15/02/2021 10:25:02 5 1
bbc
Triodos decided not to apply for accreditation to join the scheme because the loan sums were too small for their liking.
10
15/02/2021 10:32:35 9 2
bbc
The Restore Trusts CHOSEN bank decided not to apply for the BBL scheme because the sums they offered to loan would be below what they like to lend. The report suggests this is typically £100,000 .
11
15/02/2021 10:36:18 5 8
bbc
Yet another fine example of the Govt putting "it's arms around" the country & "doing everything possible" to help people! Yeah right!

The public inquiry if held before 2024 could spell the end of the Tories!??
13
15/02/2021 10:38:24 8 3
bbc
It's not the governments fault that this groups chosen bank decided not to join it's Bounce Back Loan scheme. Triodos could have become part of the scheme but decided not too.
27
15/02/2021 11:42:17 2 1
bbc
You didn't read the full story, you had some brain leakage, well most of it has leaked away....
33
15/02/2021 12:04:53 1 0
bbc
This particular problem is down to a specific banks business decision not the Government.

Any public inquiry will find they made mistakes and recommend setting up a team and processes for crisis management similar to big businesses use, or even ensuring access to these. If such a team exists already - I suspect it'll be reformed to strip out political appointees and career civil servants.
6
15/02/2021 10:09:41 9 4
bbc
Change bank maybe?
12
15/02/2021 10:37:12 7 2
bbc
If you read the article there are examples of companies trying ti change banks & being rejected!??
22
15/02/2021 10:54:19 1 1
bbc
Mainstream banks are correct to prioritise provision of BBLs to their existing, longstanding customers and especially when the level of fraud from "new customer" applicants is endemic. It's a shame for those that are banked elsewhere but ultimately "you pay your money, you take your choice"
11
15/02/2021 10:36:18 5 8
bbc
Yet another fine example of the Govt putting "it's arms around" the country & "doing everything possible" to help people! Yeah right!

The public inquiry if held before 2024 could spell the end of the Tories!??
13
15/02/2021 10:38:24 8 3
bbc
It's not the governments fault that this groups chosen bank decided not to join it's Bounce Back Loan scheme. Triodos could have become part of the scheme but decided not too.
19
15/02/2021 10:46:37 2 1
bbc
So the Govt could either:-
1. Have worked with RBS (still mainly tax payer owned) to offer Bounce Back Loans to social businesses via them?
2. Do nothing?

Hmmmm, tricky one that!??
7
15/02/2021 10:05:54 5 14
bbc
So why doesn't the government just give them accreditation?
14
15/02/2021 10:38:39 4 3
bbc
Because that would entail the Govt actually thinking!??
15
15/02/2021 10:32:50 2 1
bbc
HSBC are helping out folks here and also China
62
15/02/2021 15:19:18 0 0
bbc
Apparently the BBC Mods find this very much ON TOPIC.

Meanwhile, I had noodles for lunch today. Very nice they were, too.
16
15/02/2021 10:34:02 5 1
bbc
2008 tax payers bailed out the banks.
17
15/02/2021 10:44:35 11 2
bbc
For good reason, the consequences of mass bank failures are well documented throughout the 19th & 20th centuries.
18
Bob
15/02/2021 10:46:25 1 1
bbc
I think a lot more than that bailed them out.
52
15/02/2021 15:00:26 0 0
bbc
Relevance to article?
61
15/02/2021 15:19:07 0 0
bbc
Apparently the BBC Mods find this very much ON TOPIC.

Meanwhile, I had noodles for lunch today. Very nice they were, too.
16
15/02/2021 10:34:02 5 1
bbc
2008 tax payers bailed out the banks.
17
15/02/2021 10:44:35 11 2
bbc
For good reason, the consequences of mass bank failures are well documented throughout the 19th & 20th centuries.
16
15/02/2021 10:34:02 5 1
bbc
2008 tax payers bailed out the banks.
18
Bob
15/02/2021 10:46:25 1 1
bbc
I think a lot more than that bailed them out.
13
15/02/2021 10:38:24 8 3
bbc
It's not the governments fault that this groups chosen bank decided not to join it's Bounce Back Loan scheme. Triodos could have become part of the scheme but decided not too.
19
15/02/2021 10:46:37 2 1
bbc
So the Govt could either:-
1. Have worked with RBS (still mainly tax payer owned) to offer Bounce Back Loans to social businesses via them?
2. Do nothing?

Hmmmm, tricky one that!??
20
15/02/2021 10:50:41 11 2
bbc
I'd like to point out the Restore Trust appears to be largely Government funded anyway....

"In March 2010 the Restore Trust won significant Department of Work and Pensions funding, through the Future Jobs Fund. The aim to deliver 100 paid jobs for the long-term unemployed and ex offenders over a period of 18 months."

http://self-help-housing.org/case-studies/the-restore-trust-bristol/
21
15/02/2021 10:47:26 14 2
bbc
BBLs are basically a dead-loss product for banks. Whilst the risk is underwritten by the taxpayer, the number of fraudulent cases and admin involved in trying to enforce repayment in due course will be a major headache for participating banks.

The fact that some "ethical" banks chose not to participate in helping the economy by offering BBLs is a measure of how ethical they really are!
49
15/02/2021 14:56:28 1 2
bbc
Your measure of ethical is not theirs. Their version has a clear definition.

Yours seems to be, "whatever they did was wrong"

The role of the bank is to meet its stated objectives, which are not, surprisingly, to repair the ecnomy after things outside of their influence messed it up.

Ethically, of course, you could lend / donate a few quid to the businesses concerned.
12
15/02/2021 10:37:12 7 2
bbc
If you read the article there are examples of companies trying ti change banks & being rejected!??
22
15/02/2021 10:54:19 1 1
bbc
Mainstream banks are correct to prioritise provision of BBLs to their existing, longstanding customers and especially when the level of fraud from "new customer" applicants is endemic. It's a shame for those that are banked elsewhere but ultimately "you pay your money, you take your choice"
23
15/02/2021 11:10:05 2 3
bbc
Here it comes: build back worse
24
bbc
follow the leader of the house he has moved funds to his somerset capital Irish hq in Dublin wise man
now londongrad financial services are loosing passporting rights
Removed
25
15/02/2021 11:22:46 9 2
bbc
The bigger scandal not being reported by BBC is Councils sitting on £1.4bn in Covid-19 grants due for businesses. ARG funds targeted at hospitality & drinks sector since last October - little has been handed out.
Bristol City Council £965,000, or 7%, of £13.4 million allocated,
Manchester City Council £1 million, or 6%, of £16.6 million
North Tyneside £586,000 of £6.1 million – or 9.6%.
60
15/02/2021 15:18:55 1 1
bbc
Apparently the BBC Mods find this very much ON TOPIC.

Meanwhile, I had noodles for lunch today. Very nice they were, too.
26
15/02/2021 11:18:39 6 2
bbc
with the arrival of 5 million uk passport holders educated financially astute folk from Hong Kong the economy will get a boost
34
15/02/2021 12:11:11 9 2
bbc
They can make up for the loss of 5 million Scots. Happy days.
51
15/02/2021 15:00:15 1 0
bbc
Relevance to article?
59
15/02/2021 15:18:30 1 0
bbc
Apparently the BBC Mods find this very much ON TOPIC.

Meanwhile, I had noodles for lunch today. Very nice they were, too.
11
15/02/2021 10:36:18 5 8
bbc
Yet another fine example of the Govt putting "it's arms around" the country & "doing everything possible" to help people! Yeah right!

The public inquiry if held before 2024 could spell the end of the Tories!??
27
15/02/2021 11:42:17 2 1
bbc
You didn't read the full story, you had some brain leakage, well most of it has leaked away....
4
15/02/2021 09:59:34 1 9
bbc
Sorry BBC but so called ethical Banks what does this mean. Triodes is so ethical it once advertised for another banks ethical account. It's whole ethos is to try and make the world better for all life.
28
15/02/2021 11:43:26 1 2
bbc
And pond life like yourself....
29
vk
15/02/2021 11:46:23 6 2
bbc
Sounds like it was Triodos at fault for not supporting their businesses and they should be called out for it
44
15/02/2021 14:45:18 2 4
bbc
Did you read the article? Triodos was not able to get the government's BBL; they didn't refuse to help their customers, they were unable to do so.
30
15/02/2021 11:54:12 5 11
bbc
Yet again Scotland will be forced to fund england`s incompetance, we need independance now
31
15/02/2021 12:03:07 3 3
bbc
Yes please!
41
15/02/2021 13:53:51 2 1
bbc
I think that you have clicked on the wrong story. Obviously you did not have a Scottish education otherwise you would know how to spell 'incompetence' & 'independence' & that England is capitalised. Oh yes, before you spout your racist drivel about me being English well I'm not but a proud Ayrshire-man born, bred & taking money from the English to send home to feed the bairns!
43
15/02/2021 14:33:40 1 2
bbc
Ha! I think England will cope without Scotland's money somehow. Particularly as in the event of you breaking away you will lose your link with the BoE and Sterling! England will be quids in!
58
15/02/2021 15:18:09 0 0
bbc
Apparently the BBC Mods find this very much ON TOPIC.

Meanwhile, I had noodles for lunch today. Very nice they were, too.
30
15/02/2021 11:54:12 5 11
bbc
Yet again Scotland will be forced to fund england`s incompetance, we need independance now
31
15/02/2021 12:03:07 3 3
bbc
Yes please!
32
15/02/2021 12:03:01 5 5
bbc
Wots an effical bank then??

Lotta nonsense, who cares.
56
15/02/2021 15:15:37 0 1
bbc
Happyaslarry
13:12
...Some people just have a bit of empathy and have an interest in helping others.

What changed since you wrote this to make you write that?
11
15/02/2021 10:36:18 5 8
bbc
Yet another fine example of the Govt putting "it's arms around" the country & "doing everything possible" to help people! Yeah right!

The public inquiry if held before 2024 could spell the end of the Tories!??
33
15/02/2021 12:04:53 1 0
bbc
This particular problem is down to a specific banks business decision not the Government.

Any public inquiry will find they made mistakes and recommend setting up a team and processes for crisis management similar to big businesses use, or even ensuring access to these. If such a team exists already - I suspect it'll be reformed to strip out political appointees and career civil servants.
26
15/02/2021 11:18:39 6 2
bbc
with the arrival of 5 million uk passport holders educated financially astute folk from Hong Kong the economy will get a boost
34
15/02/2021 12:11:11 9 2
bbc
They can make up for the loss of 5 million Scots. Happy days.
35
15/02/2021 12:44:36 0 1
bbc
Start a Community Bank for Community businesses.
36
15/02/2021 12:57:25 7 2
bbc
Everyone looking to grasp free money, bbc lives to dig out some obscure special cases to play up and whinge. Vast numbers are saving a fortune by lockdown so they can donate to their local ‘community' businesses. If any ever actually want a pub to overpay for a drink.
50
15/02/2021 14:59:02 2 1
bbc
Borrow, James, borrow. Not "free money" as you say every 15 minutes or so.

The BBC reports a perfectly mainstream article about a perferctly legitimate issue, affecting the real lives of real people.

To you, are their real lives just a game of fantasy football league, whith bonus points for total academic purity at the expense of any and all reality?
37
15/02/2021 13:03:18 2 4
bbc
Cue the BBC's bleeding hearts.
55
15/02/2021 15:14:39 3 2
bbc
Nothing else to troll about today? Surely there are hungry people in Ethiopia you can castigate and blame for their own situation, and have a good dig at Oxfam & Cafod, Unicef & Savre the Children. Or perhaps slaves. You like slavery; why not blame them for their own situation, and attack anyone that dares have any other feeling?
38
15/02/2021 13:08:33 5 4
bbc
JamesStGeorge
12:57
Everyone looking to grasp free money, bbc lives to dig out some obscure special cases to play up and whinge. Vast numbers are saving a fortune by lockdown so they can donate to their local ‘community' businesses.

**

............and have you been donating to local businesses James?
39
15/02/2021 13:12:08 3 2
bbc
Korky the Kat

Cue the BBC's bleeding hearts.

**
A typical HYSer who gives not one stuff about others.

.......and that doesn't make me a commie.

Some people just have a bit of empathy and have an interest in helping others.
40
15/02/2021 13:42:36 1 7
bbc
This is terrible it's like asking elderly people to pay for the very basics like radio and TV shocking.
54
15/02/2021 15:12:42 3 1
bbc
Troll much?
57
15/02/2021 15:17:58 1 0
bbc
Apparently the BBC Mods find this very much ON TOPIC.

Meanwhile, I had noodles for lunch today. Very nice they were, too.
30
15/02/2021 11:54:12 5 11
bbc
Yet again Scotland will be forced to fund england`s incompetance, we need independance now
41
15/02/2021 13:53:51 2 1
bbc
I think that you have clicked on the wrong story. Obviously you did not have a Scottish education otherwise you would know how to spell 'incompetence' & 'independence' & that England is capitalised. Oh yes, before you spout your racist drivel about me being English well I'm not but a proud Ayrshire-man born, bred & taking money from the English to send home to feed the bairns!
Removed
3
15/02/2021 09:57:32 24 8
bbc
So the headline makes it sound like the government's fault, when in reality these "social businesses" chose the wrong bank to start with.
42
15/02/2021 14:21:30 1 2
bbc
And set up by the community, for the community- which means in bad times as well as good. Sadly it seems none of them kept any reserves like prudent businesses do with some profits...
Why should Govt support them? The community should be bailing out their community businesses.
Many of these 'enterprises' compete with real businesses...
48
15/02/2021 14:54:44 1 3
bbc
Yes, great idea.

Before supporting a low-cost, low-revenue, startup business, these low-cost, low-profit startups should save for 1000 years to have 10 years' turnover in reserve.

Or is this another "I don't want to pay tax" rant, dressed up as a moral panic, with the usual lack of any rational or reasoned argument?
80
15/02/2021 19:35:17 0 0
bbc
But it's OK to bail out big business, as has been the case for the last 11 years?
30
15/02/2021 11:54:12 5 11
bbc
Yet again Scotland will be forced to fund england`s incompetance, we need independance now
43
15/02/2021 14:33:40 1 2
bbc
Ha! I think England will cope without Scotland's money somehow. Particularly as in the event of you breaking away you will lose your link with the BoE and Sterling! England will be quids in!
29
vk
15/02/2021 11:46:23 6 2
bbc
Sounds like it was Triodos at fault for not supporting their businesses and they should be called out for it
44
15/02/2021 14:45:18 2 4
bbc
Did you read the article? Triodos was not able to get the government's BBL; they didn't refuse to help their customers, they were unable to do so.
53
15/02/2021 15:11:16 2 0
bbc
"Triodos says it didn't join the bounce back loan scheme because the sums involved are too small, and the technical processes are too complex. Most of the loans it offers exceed £100,000."

More a case of chose not to join the scheme, rather than unable to!
6
15/02/2021 10:09:41 9 4
bbc
Change bank maybe?
45
15/02/2021 14:47:32 0 0
bbc
Read article past the first couple of lines, maybe?
4
15/02/2021 09:59:34 1 9
bbc
Sorry BBC but so called ethical Banks what does this mean. Triodes is so ethical it once advertised for another banks ethical account. It's whole ethos is to try and make the world better for all life.
46
15/02/2021 14:49:47 0 1
bbc
Dear Google,

What does Ethical Banking mean?

I cannot find the internet, although can comment on a BBC story in a thinly-veiled attempt to feign my own ignorance, which everyone sees a BBC-bashing.

Please help

Yours as always,

The anti-BBC coalition of enemies of democrary
1
15/02/2021 09:55:59 25 7
bbc
''Like other social enterprises, it is run like a business but for social good rather than maximum profit.''

The author of this report gives away their jaundiced view of capitalism with this comment. Many businesses, particularly small businesses, aim to achieve a fair balance between price and profit.
47
15/02/2021 14:52:33 3 4
bbc
Dear Google,

What does "maximum" mean?

I read an article but couldn't understand the fine distinction between "some return to maintain viability" and "maximum profit at the epense of everyone".

In my mind, they are synonymous.

I like to use HYS to badmouth the authors of articles that I didn't really understand.

Please help
42
15/02/2021 14:21:30 1 2
bbc
And set up by the community, for the community- which means in bad times as well as good. Sadly it seems none of them kept any reserves like prudent businesses do with some profits...
Why should Govt support them? The community should be bailing out their community businesses.
Many of these 'enterprises' compete with real businesses...
48
15/02/2021 14:54:44 1 3
bbc
Yes, great idea.

Before supporting a low-cost, low-revenue, startup business, these low-cost, low-profit startups should save for 1000 years to have 10 years' turnover in reserve.

Or is this another "I don't want to pay tax" rant, dressed up as a moral panic, with the usual lack of any rational or reasoned argument?
81
15/02/2021 19:36:07 0 0
bbc
Nice username... did you actually read the article?
21
15/02/2021 10:47:26 14 2
bbc
BBLs are basically a dead-loss product for banks. Whilst the risk is underwritten by the taxpayer, the number of fraudulent cases and admin involved in trying to enforce repayment in due course will be a major headache for participating banks.

The fact that some "ethical" banks chose not to participate in helping the economy by offering BBLs is a measure of how ethical they really are!
49
15/02/2021 14:56:28 1 2
bbc
Your measure of ethical is not theirs. Their version has a clear definition.

Yours seems to be, "whatever they did was wrong"

The role of the bank is to meet its stated objectives, which are not, surprisingly, to repair the ecnomy after things outside of their influence messed it up.

Ethically, of course, you could lend / donate a few quid to the businesses concerned.
36
15/02/2021 12:57:25 7 2
bbc
Everyone looking to grasp free money, bbc lives to dig out some obscure special cases to play up and whinge. Vast numbers are saving a fortune by lockdown so they can donate to their local ‘community' businesses. If any ever actually want a pub to overpay for a drink.
50
15/02/2021 14:59:02 2 1
bbc
Borrow, James, borrow. Not "free money" as you say every 15 minutes or so.

The BBC reports a perfectly mainstream article about a perferctly legitimate issue, affecting the real lives of real people.

To you, are their real lives just a game of fantasy football league, whith bonus points for total academic purity at the expense of any and all reality?
26
15/02/2021 11:18:39 6 2
bbc
with the arrival of 5 million uk passport holders educated financially astute folk from Hong Kong the economy will get a boost
51
15/02/2021 15:00:15 1 0
bbc
Relevance to article?
16
15/02/2021 10:34:02 5 1
bbc
2008 tax payers bailed out the banks.
52
15/02/2021 15:00:26 0 0
bbc
Relevance to article?
44
15/02/2021 14:45:18 2 4
bbc
Did you read the article? Triodos was not able to get the government's BBL; they didn't refuse to help their customers, they were unable to do so.
53
15/02/2021 15:11:16 2 0
bbc
"Triodos says it didn't join the bounce back loan scheme because the sums involved are too small, and the technical processes are too complex. Most of the loans it offers exceed £100,000."

More a case of chose not to join the scheme, rather than unable to!
40
15/02/2021 13:42:36 1 7
bbc
This is terrible it's like asking elderly people to pay for the very basics like radio and TV shocking.
54
15/02/2021 15:12:42 3 1
bbc
Troll much?
37
15/02/2021 13:03:18 2 4
bbc
Cue the BBC's bleeding hearts.
55
15/02/2021 15:14:39 3 2
bbc
Nothing else to troll about today? Surely there are hungry people in Ethiopia you can castigate and blame for their own situation, and have a good dig at Oxfam & Cafod, Unicef & Savre the Children. Or perhaps slaves. You like slavery; why not blame them for their own situation, and attack anyone that dares have any other feeling?
32
15/02/2021 12:03:01 5 5
bbc
Wots an effical bank then??

Lotta nonsense, who cares.
56
15/02/2021 15:15:37 0 1
bbc
Happyaslarry
13:12
...Some people just have a bit of empathy and have an interest in helping others.

What changed since you wrote this to make you write that?
40
15/02/2021 13:42:36 1 7
bbc
This is terrible it's like asking elderly people to pay for the very basics like radio and TV shocking.
57
15/02/2021 15:17:58 1 0
bbc
Apparently the BBC Mods find this very much ON TOPIC.

Meanwhile, I had noodles for lunch today. Very nice they were, too.
30
15/02/2021 11:54:12 5 11
bbc
Yet again Scotland will be forced to fund england`s incompetance, we need independance now
58
15/02/2021 15:18:09 0 0
bbc
Apparently the BBC Mods find this very much ON TOPIC.

Meanwhile, I had noodles for lunch today. Very nice they were, too.
26
15/02/2021 11:18:39 6 2
bbc
with the arrival of 5 million uk passport holders educated financially astute folk from Hong Kong the economy will get a boost
59
15/02/2021 15:18:30 1 0
bbc
Apparently the BBC Mods find this very much ON TOPIC.

Meanwhile, I had noodles for lunch today. Very nice they were, too.
75
15/02/2021 18:18:58 0 0
bbc
spoons closed ?
25
15/02/2021 11:22:46 9 2
bbc
The bigger scandal not being reported by BBC is Councils sitting on £1.4bn in Covid-19 grants due for businesses. ARG funds targeted at hospitality & drinks sector since last October - little has been handed out.
Bristol City Council £965,000, or 7%, of £13.4 million allocated,
Manchester City Council £1 million, or 6%, of £16.6 million
North Tyneside £586,000 of £6.1 million – or 9.6%.
60
15/02/2021 15:18:55 1 1
bbc
Apparently the BBC Mods find this very much ON TOPIC.

Meanwhile, I had noodles for lunch today. Very nice they were, too.
16
15/02/2021 10:34:02 5 1
bbc
2008 tax payers bailed out the banks.
61
15/02/2021 15:19:07 0 0
bbc
Apparently the BBC Mods find this very much ON TOPIC.

Meanwhile, I had noodles for lunch today. Very nice they were, too.
15
15/02/2021 10:32:50 2 1
bbc
HSBC are helping out folks here and also China
62
15/02/2021 15:19:18 0 0
bbc
Apparently the BBC Mods find this very much ON TOPIC.

Meanwhile, I had noodles for lunch today. Very nice they were, too.
63
15/02/2021 15:21:01 1 1
bbc
All posts here are on topic.
Something about Brexit or HK or vegans or cats or the EU or Trump
Something about Scotland and independence

and banks, pfft. *Rolls eyes* Banks, eh?
64
15/02/2021 16:22:59 3 2
bbc
So Triodos could not be bothered to join the scheme and left their loyal customers out in the cold... very ethical.
65
15/02/2021 16:47:07 1 1
bbc
Most of what I have read in this article would suggest that these social enterprises are looking for cheap funding as opposed to loans to carry them over a rough patch. Don't believe this was the purpose of the BBL. No doubt most of these enterprises will be repay their loans, but... they can fold up and then who is on point to repay the loan?
66
15/02/2021 17:13:45 1 2
bbc
United Ireland and Independent Scotland E U Nations will relieve the financial and political burden on the Nation of England
67
15/02/2021 17:27:26 2 0
bbc
I see that a number of 'businesses' suffering lately, are those that buy cheap luxury goods from China and sell them for a profit over here. Nothing major whatsoever.
68
15/02/2021 17:32:11 1 1
bbc
Winge, winge, winge
71
15/02/2021 17:46:52 2 1
bbc
spoons closed ?
69
15/02/2021 17:40:30 3 3
bbc
The corporate state, which we now have given the victory in December 2019 of the Moseleyite faction in the Tory party, sees no value in community enterprises. Such chaotic, spontaneous acts of goodwill and understanding must be either subservient to the state or ground into the mud.

Everything must be now controlled by a certain type of politician who will tell you just what you can do.
74
15/02/2021 18:28:04 1 1
bbc
It's still free to wave Union Jacks.
78
15/02/2021 19:28:54 1 0
bbc
Yes, it's far right stupidity and a deliberate act of sabotage. Where was the logic in letting these businesses fold?
70
15/02/2021 17:44:07 4 1
bbc
we have a shallow economy based on shopping holidays hospitality entertainment goods from China every other car on our roads German the other half Japanese foreigners own most of our utilities. HSBC bank controlled by China
Arabs and Russians own central londongrad
captains and kings of world finance own and run our economy we don't own anything
73
15/02/2021 18:27:13 2 0
bbc
We do have a Royal Family descended from Germans and Greeks, which the tax payer contributes £200 million per annum for their safety and is likely to pocket £9 billion from it's land rental to wind farms. If that cheers you up?

https://www.dailymail.co.uk/news/article-9236425/Queens-Crown-Estate-sells-lucrative-rights-offshore-wind-farms.html
68
15/02/2021 17:32:11 1 1
bbc
Winge, winge, winge
71
15/02/2021 17:46:52 2 1
bbc
spoons closed ?
72
15/02/2021 18:17:31 2 3
bbc
Social business? Misnomer if there ever was. Business exists to make money anyone thinks otherwise probably spends too much time in Islington or shoreditch
77
15/02/2021 19:26:07 2 0
bbc
Sigh... like trolling do you?
70
15/02/2021 17:44:07 4 1
bbc
we have a shallow economy based on shopping holidays hospitality entertainment goods from China every other car on our roads German the other half Japanese foreigners own most of our utilities. HSBC bank controlled by China
Arabs and Russians own central londongrad
captains and kings of world finance own and run our economy we don't own anything
73
15/02/2021 18:27:13 2 0
bbc
We do have a Royal Family descended from Germans and Greeks, which the tax payer contributes £200 million per annum for their safety and is likely to pocket £9 billion from it's land rental to wind farms. If that cheers you up?

https://www.dailymail.co.uk/news/article-9236425/Queens-Crown-Estate-sells-lucrative-rights-offshore-wind-farms.html
69
15/02/2021 17:40:30 3 3
bbc
The corporate state, which we now have given the victory in December 2019 of the Moseleyite faction in the Tory party, sees no value in community enterprises. Such chaotic, spontaneous acts of goodwill and understanding must be either subservient to the state or ground into the mud.

Everything must be now controlled by a certain type of politician who will tell you just what you can do.
74
15/02/2021 18:28:04 1 1
bbc
It's still free to wave Union Jacks.
59
15/02/2021 15:18:30 1 0
bbc
Apparently the BBC Mods find this very much ON TOPIC.

Meanwhile, I had noodles for lunch today. Very nice they were, too.
75
15/02/2021 18:18:58 0 0
bbc
spoons closed ?
41
15/02/2021 13:53:51 2 1
bbc
I think that you have clicked on the wrong story. Obviously you did not have a Scottish education otherwise you would know how to spell 'incompetence' & 'independence' & that England is capitalised. Oh yes, before you spout your racist drivel about me being English well I'm not but a proud Ayrshire-man born, bred & taking money from the English to send home to feed the bairns!
76
bbc
Removed
72
15/02/2021 18:17:31 2 3
bbc
Social business? Misnomer if there ever was. Business exists to make money anyone thinks otherwise probably spends too much time in Islington or shoreditch
77
15/02/2021 19:26:07 2 0
bbc
Sigh... like trolling do you?
69
15/02/2021 17:40:30 3 3
bbc
The corporate state, which we now have given the victory in December 2019 of the Moseleyite faction in the Tory party, sees no value in community enterprises. Such chaotic, spontaneous acts of goodwill and understanding must be either subservient to the state or ground into the mud.

Everything must be now controlled by a certain type of politician who will tell you just what you can do.
78
15/02/2021 19:28:54 1 0
bbc
Yes, it's far right stupidity and a deliberate act of sabotage. Where was the logic in letting these businesses fold?
1
15/02/2021 09:55:59 25 7
bbc
''Like other social enterprises, it is run like a business but for social good rather than maximum profit.''

The author of this report gives away their jaundiced view of capitalism with this comment. Many businesses, particularly small businesses, aim to achieve a fair balance between price and profit.
79
15/02/2021 19:33:43 0 1
bbc
You gave away your jaundiced view that there's nothing wrong with modern capitalism when the evidence of the last 11 years show us that it failed completely and only continues to function because governments have been magicking money onto the balance sheets and buying debt from businesses.
42
15/02/2021 14:21:30 1 2
bbc
And set up by the community, for the community- which means in bad times as well as good. Sadly it seems none of them kept any reserves like prudent businesses do with some profits...
Why should Govt support them? The community should be bailing out their community businesses.
Many of these 'enterprises' compete with real businesses...
80
15/02/2021 19:35:17 0 0
bbc
But it's OK to bail out big business, as has been the case for the last 11 years?
48
15/02/2021 14:54:44 1 3
bbc
Yes, great idea.

Before supporting a low-cost, low-revenue, startup business, these low-cost, low-profit startups should save for 1000 years to have 10 years' turnover in reserve.

Or is this another "I don't want to pay tax" rant, dressed up as a moral panic, with the usual lack of any rational or reasoned argument?
81
15/02/2021 19:36:07 0 0
bbc
Nice username... did you actually read the article?
1
15/02/2021 09:55:59 25 7
bbc
''Like other social enterprises, it is run like a business but for social good rather than maximum profit.''

The author of this report gives away their jaundiced view of capitalism with this comment. Many businesses, particularly small businesses, aim to achieve a fair balance between price and profit.
82
15/02/2021 19:37:28 0 1
bbc
Since 2008 most Government borrowing has been through its bank, the BoE, buying Government corporate bonds:

https://www.theguardian.com/business/2019/mar/08/the-verdict-on-10-years-of-quantitative-easing

The BoE is part of Government:

https://www.bankofengland.co.uk/knowledgebank/who-owns-the-bank-of-england The BoE has conjured the money it has used to buy Government bonds out of thin air.
1
15/02/2021 09:55:59 25 7
bbc
''Like other social enterprises, it is run like a business but for social good rather than maximum profit.''

The author of this report gives away their jaundiced view of capitalism with this comment. Many businesses, particularly small businesses, aim to achieve a fair balance between price and profit.
83
15/02/2021 19:38:08 0 1
bbc
The BoE has also been, since the 2008 crash, buying back Government bonds from financial institutions, who have in turn bought more Government bonds; and it's been going in that circular motion ever since.

This is all funded by the money conjured out of thin air; it has redirected lots more wealth to the rich, whilst we have been sold the lie we need to repay it through austerity & wage freezes.
84
15/02/2021 19:38:54 1 2
bbc
These are the same people who will complain when their taxes to up to pay for it.