Stop allowing the big banks to charge interest on BoE funds lodged with them as a crash buffer would raise about ยฃ25bn a year, or rather it would save the exchequer from paying that much.
Why on earth does the BoE allow it?๐คทโโ๏ธ
@timash.bsky.social
Husband, father, and dog lover. Keen gardener, follower of rugby union and cricket. Weather enthusiast. Survivor of 3 liver transplants, so immunosuppressed. East Midlands, UK #FBPE
Stop allowing the big banks to charge interest on BoE funds lodged with them as a crash buffer would raise about ยฃ25bn a year, or rather it would save the exchequer from paying that much.
Why on earth does the BoE allow it?๐คทโโ๏ธ
An honest conversation cannot be had with a compulsive liar ๐คท
12.08.2025 19:47 โ ๐ 2 ๐ 0 ๐ฌ 0 ๐ 0All that anti-immigrant bullshit is whipped up by right-wing lunatics, right-wing newspapers, and right-wing social media algorithms.
Good to see that not everyone believes it.
'Alternative facts'
๐คฆโโ๏ธ
Greedy, self-absorbed, lunatics all of them.
None of them gives a toss about wider society.
If there ever is a revolution, kill those bastards first.
It is time to fix our whole taxation system. It is biased towards the already wealthy, and that must change if we want a fair, just society
08.08.2025 06:35 โ ๐ 1 ๐ 0 ๐ฌ 0 ๐ 0Social media has changed things. Every whacky, stupid, outlandish idea anyone has is given equal value by the algorithms as does normal and factual information.
07.08.2025 19:54 โ ๐ 3 ๐ 0 ๐ฌ 0 ๐ 02/2
What the BoE allows is the commercial banks to charge it interest on those funds.
Why?
Currently, it's 4.25% which is a cost to the exchequer of ยฃ25 billion every single year, on money the exchequer GAVE TO THE BANS!
The ECB, & the Japanese central bank don't allow that practice.
Why do we?
๐คทโโ๏ธ
I've just written to my MP about something Richard Murphy revealed in his daily blog.
The BoE has ยฃ600bn in protected bonds to guard against economic shocks. It also placed the same amount of new money with the big banks to secure them. That's public funds securing private banks.
1/2
Thanks!
I really don't like the talk of indigenous people and non-indigenous people.
To me, if you were born here, you are British, and if you came from elsewhere but are settled and contributing, then you are welcome and have every right to be here.
A Celtic person, perhaps?
07.08.2025 14:18 โ ๐ 0 ๐ 0 ๐ฌ 1 ๐ 0What's an indigenous Briton? Surely, if someone is born here, then they are indigenous. ๐คทโโ๏ธ
07.08.2025 14:16 โ ๐ 0 ๐ 0 ๐ฌ 1 ๐ 0Started by Thatcher's Tory lunatics governments.
Almost all of the UK'S ills are due to the Tory party.
They are as deluded as he is, then.
Having billions doesn't mean a person is smart, obviously. ๐คฆโโ๏ธ
Do people actually pay to see and hear that rambling, incoherent speech?
07.08.2025 08:20 โ ๐ 0 ๐ 0 ๐ฌ 1 ๐ 0Please sign this petition. Charging for GP appointments is a slippery slope and will lead to the complete breakup of OUR NHS.
38d.gs/lbni
I thought Ofwat had been abolished.
04.08.2025 15:42 โ ๐ 1 ๐ 0 ๐ฌ 0 ๐ 0Social media has assisted them to do that. On social media all views are valid and equal, even the most extreme, lunatic ideas get amplified like they never could have been before social media and smart phones.
We are helpless to stop it.๐ ๐ฏ
Banks are making record profits while our bills go up! ๐ก We need to tax bank profits and fund our NHS & schools. Sign the petition and tell Rachel Reeves to #TaxtheBanks you.38degrees.org.uk/petitions/ta...
04.08.2025 14:03 โ ๐ 3 ๐ 0 ๐ฌ 1 ๐ 0What has happened to the price of Insulin since Trump took over?
04.08.2025 11:37 โ ๐ 0 ๐ 0 ๐ฌ 0 ๐ 0What a cesspool of hatred, racism, homophobia, and every other phobia, X has become.
03.08.2025 06:46 โ ๐ 18 ๐ 0 ๐ฌ 0 ๐ 0Tomorrow and Monday. Two days = 187 per day.
02.08.2025 17:43 โ ๐ 1 ๐ 0 ๐ฌ 1 ๐ 0Thatcher started the privatisation mania, which gave away some of the nation's best assets at rock bottom prices.
She gave council tenants the right to buy, which was OK. But she banned councils from replacing the council houses, which is why we have such unaffordable house prices in this country. ๐ก
India bias showing nicely with that post. Just look at England's recent high last innings scores, including against India.
Two full days to get 374 runs.
Please follow try to be objective rather than nakedly partisan.๐
What a piece of self-absorbed narcissistic shit that man truly is.๐
02.08.2025 16:34 โ ๐ 2 ๐ 0 ๐ฌ 0 ๐ 0Peter Kyle told the truth.
So why the hell should he apologise?
Our MSM is utter tripe.
No, it isn't getting beyond them.
Look at recent last innings chases by this England team. 300 lead in not enough.
Well, you could knock off 70 runs for Jaiswal as he was dropped 3 times yesterday. Add another 20 or 30 for the other drops and maybe 100 less than India has?
Just guessing.๐คทโโ๏ธ
What a very stupid way to look at a batsman's scores. ๐คฆโโ๏ธ
02.08.2025 15:04 โ ๐ 0 ๐ 0 ๐ฌ 0 ๐ 0Great view! What's that old saying about catches?๐ค
01.08.2025 18:17 โ ๐ 1 ๐ 0 ๐ฌ 0 ๐ 0