The Money Thread - Public Bank ownership expands (RBS@70%)

[Peter Crisp]

£10 for 60%.

[Hexx]

I'm out.

[Denster]

Im expecting a reasonable increase in shares in my portfolio.

[Peter Crisp]

Unless you have shares in pharmaceuticals (The traders will all have headache's) I doubt you will find many shares moving up.

[Denster]

I dont have any. I just thought it sounded good.

[Mr Thropwimp]

I have shares!

[Lotus]

So can anyone, in laymans terms, explain how all this financial malarkey will affect the normal man on the street, like me?

[JiggerJay]

So can anyone, in laymans terms, explain how all this financial malarkey will affect the normal man on the street, like me?

All you need to know is that prices for praticalyl everything are going up, due to extenuating circumstances, Higher cost of materials, transportation or just oil as a whole, it means you will have less money to yourself each month.

[Lotus]

I just heard that £9 billion has been lost from British pensions today due to the collapse of Lehman. That can't be right can it?

[JiggerJay]

I just heard that £9 billion has been lost from British pensions today due to the collapse of Lehman. That can't be right can it?

Yep, that will be a collection of quite a few companies, however the 9 billion is not definetly lost, no doubt the government will come in and save the day like they did with northern rock, strawberry floating Pussies.

[Hexx]

I just heard that £9 billion has been lost from British pensions today due to the collapse of Lehman. That can't be right can it?

Yep, that will be a collection of quite a few companies, however the 9 billion is not definetly lost, no doubt the government will come in and save the day like they did with northern rock, strawberry floating Pussies.

How do you think they will do that?

[Alvin Flummux]

I just heard that £9 billion has been lost from British pensions today due to the collapse of Lehman. That can't be right can it?

Yep, that will be a collection of quite a few companies, however the 9 billion is not definetly lost, no doubt the government will come in and save the day like they did with northern rock, strawberry floating Pussies.

Do you not want people's pensions to be saved?

[Mr Thropwimp]

I just heard that £9 billion has been lost from British pensions today due to the collapse of Lehman. That can't be right can it?

Yep, that will be a collection of quite a few companies, however the 9 billion is not definetly lost, no doubt the government will come in and save the day like they did with northern rock, strawberry floating Pussies.

Do you not want people's pensions to be saved?

I think the issue there is that you may be paying for someone else's pension at the expense of your own. Which will happen to some if the government chooses to privatise any other failing bank/building society.

[Midtown]

I've done wonderfully well recently, bought and sold shares in Barratt and made a killing.

[Rightey]

How does one go about buying shares? Will I need a tie?

[Hexx]

How does one go about buying shares? Will I need a tie?

You go stand on the floor and just shout "Buy! Buy! Buy!". Eventually someone will wander over to sell you something. Then the haggling begins

UK inflation up to 4.7% in August

The UK's annual rate of inflation has risen to 4.7% in August, up from 4.4% in July.

Bank of England Governor Mervyn King will now have to write a letter to the chancellor explaining why inflation is higher than the government's 2% target.

Higher energy and food bills sent the Consumer Price Index (CPI) higher, the Office for National Statistics said.

Inflation as measured by the Retail Prices Index (RPI) - often used in pay negotiations - fell to 4.8% from 5%.

The Bank of England's Monetary Policy Committee has not been able to consider a cut in interest rates to boost the flagging UK economy while inflation keeps rising.

But with the sharp fall in oil prices over the past month from their high of close to $150 a barrel, some analysts are optimistic that inflation could be near its peak.

"This latest inflation figure, coupled with the recent moves in energy prices, could be an indication of inflation nearing its peak," said Richard Hunter, an analyst at stockbrokers Hargreaves Lansdown.

He added: "This in turn could lead to a loosening of monetary policy by way of an interest rate cut in the UK, at a time when the markets are eagerly seeking signs of recovery.

"

[Ecno]

How does one go about buying shares? Will I need a tie?

Unless you want to invest huge sums the easiest way is probably to go to your bank to set up stocks and shares ISA as then your capital gains and i think dividends are tax exempt.
Shop around though as some have cheaper share dealings than others but some will charge you an annual fee and you have to put in atleast £500 for the ones I've seen. Though they charge you about £15-20 a share buy.

[JiggerJay]

I am willing to hire myself out as a slave (it's ok, I am white!) the work situation is just so strawberry floating poor around here.

[Eighthours]

I wouldn't go anywhere near the stock market at the moment. Stick any excess cash into a nice savings account, and wait for the dust to settle.

[JiggerJay]

I wouldn't go anywhere near the stock market at the moment. Stick any excess cash into a nice savings account, and wait for the dust to settle.

with all the trouble with the banks, secured or not, it would be best putting it under your matress!