- not really, most UK companies had massive reserves which could be used to reinvest and of course Archived Message
Posted by CJ on February 19, 2019, 3:25 pm, in reply to "Are you daring to suggest something like the Bank of N Dakota, CJ? Wash you mouth out with soap and "
the Labour policy of using a National Investment Bank which could be beefed up to bring back nationalised industries as foreign firms disappear - hopefully with more green awareness! https://web.archive.org/web/20190128164818/https://www.theguardian.com/business/2019/jan/28/labour-investment-regions-north-east-wales a BofND or BoND would of course be a valuable addition to UK financing ( James BoND? )- a third of people want to hold on to RBS for that purpose but it has never really operated in the Nation's interest only its own. ( the fact that we paid £5 per share in 2008 when we could have waited for it to go to the wall and then bagged it for a song, is still amazing!) If you look back at every political broadcast covering our economy one of the objectives is to make the country attractive to foreign investment - on current trends I would say xxck foreign investment as it will always be pulled back to the home country when times are tough! cheers
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