This post was submitted by Yaggerdy Yarr – who writes about his observations of the society we live in on Tumblr. He also works for a new media company that works with financial insitutions including Ulster Bank whose websites in the UK and Ireland promote their personal and business banking products.
I read recently:
Like it or not, Banking is just about the best export industry of the UK, the UK is probably the world leader, and so no one wants to shoot the golden egg laying Goose in the foot.
But does the export arm of the banking industry really benefit the UK much?
Apparently, the banks don’t pay much tax on their investment profits because they have set up “tax-efficient” offshore structures.
If these proposals are implemented, then it’s unlikely that the banks will move offshore because they would gain little by doing so. Under the proposals, they would already have lost their key advantage of being able to gamble on the strength of UK retail customers’ deposits. This wouldn’t change if they went offshore.
Another reason why they wouldn’t move their investment operations overseas is because they would lose some of their best staff. It’s their top traders that earn the banks most of their money. So, obviously, their top traders are their most valuable assets.
Many of these top traders have their family lives and centres of interest in the UK.
Of course, if the alternative was unemployment and a massive drop in their living standards, most of the traders would move overseas, however reluctantly.
But they wouldn’t be faced with unemployment because banks are not stupid. Not all the banks would move their investment arms overseas, and therefore the banks who did depart would know that they would be sacrificing their best staff who wanted to stay in the UK to the banks who stayed i.e. their competitors.
And that wouldn’t apply just to the time of departure. For the future, to attract the best UK graduates as employees, banks who had moved their investment operations overseas would find it more difficult than their competitors who had stayed put.
The banks are not going to cut their own throats like that.
It is easy to forget about looking after your back at work. It seems that all your boss cares about is you getting things done quickly, but unless you take the extra time to do them right, you could be entering a world of hurt. When you injure your back due to improper manual handling the damage can last a very long time or even be permanent. Not a good scene.
This video shows both the reasons for taking care of your back, and also how to do it. If I had seen this before I could have saved myself a lot of pain. It is not too long so you should take the time to watch it.
Why should I bother taking the time to learn about correct lifting sand carrying, when if I hurt myself I can lawyer up and slap a back injury claim on my employer? Well for one thing, you have zip all chance of getting compensation if the accident is because of your own stupidity. For another, you have eto lift stuff all the time in life – something heavy always wants moving it seems.
Yes – go and visit her website and sign up today!
