View Single Post
Old 27th April 2020, 22:08   #1 (permalink)
juco
Senior Member
 
juco's Avatar
 

Thanks: 736
Thanked 8,588 Times in 3,606 Posts
juco has a reputation beyond repute juco has a reputation beyond repute juco has a reputation beyond repute juco has a reputation beyond repute juco has a reputation beyond repute juco has a reputation beyond repute juco has a reputation beyond repute juco has a reputation beyond repute juco has a reputation beyond repute juco has a reputation beyond repute juco has a reputation beyond repute
Banking UK, post Covid-19 ?

Putting aside the rights and wrongs re the virus. I think most will accept that the economy is going to take a huge hit in the coming months, With billions being paid out from tax payers money, that at some stage will be clawed back.

So looking forward what are others thoughts on the possibility of a bail-in at some stage similar to what happened in Cyprus, although we have a supposed guarantee of 85k per bank licence would I be correct in assuming that a bail-in would fall outwith this so that any savings could be devalued at whatever level a government decides.

If this were to be correct what is the best option to act in advance, if there is a better option. Taking in to account we are being manipulated in to a cashless society.
__________________
J
_______________________________________
Revealing the truth becomes an act of treason.
juco is offline send PM Reply With Quote Share on facebook