What I mean is, ‘left’ is a relative direction. They are left of the Center and the current political position. They may be right compared to you. But there’s no absolute measure of this, it’s all relative to something. Compare them to American politics, and they are quite far left.
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Football Focus replaced with Bargain Hunt.
I wonder if that is to send a message to presenters on high wages that they are replaceable with someone cheaper.
Edit to add - Final Score replaced with The Repair Shop
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If that were the case then the show would go on, but with another presenter rather than a rerun of Bargain Hunt.
Football Focus was pulled because Alex and co dropped out.
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Nobody would touch it today - their reputation would be in tatters. I know it is because the presenter dropped out. That is kind of my point. Being sent a message they are replaceable.
This is exactly the point I was making.
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Looks like the UK arm is going to be put into insolvency tomorrow. Its now stopped making payments or accepting deposits.
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I know why they do it, but it doesn’t stop this from sounding absolutely ridiculous:
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Why ridiculous? Makes BBC News impartial if you ask me.
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I like it when the the BBC comment: “The BBC has not made any comment”.
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This could be quiet problematic to a lot of start ups and VCs in the UK who have money deposited there
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Excellent - I’d much rather watch that 
Regarding outrage - DM readers have been very vocal about Gary Lineker and other celebrities staying out of politics. However, when Michael Caine spoke out in support of Brexit, it was all “Oh, I’ve always loved Michael Caine”, etc.
As mentioned I work for a company who use SVB. It’s a successful company without about 200 employees in a strong growth phase.
It could well be bankrupt by midweek, unless the BoE manages to liquidate large amounts quickly I’d be surprised if it lasts a month. The CEO and CFO are currently phoning around investors and banks for liquidity loans, with not much success because everyone is doing it.
Problematic
That’s shit, fingers crossed for a good outcome
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Daily Mail is full of hypocrites. Especially the reader letters this week, full of people saying Lineker should only talk about things he knows about (sport) and stay out of politics. Wonder how many of those letter writers were politicians…
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Thanks! I’ll be okay but it would be gutting for the people who built this business for it to end like this.
Absolute disaster for Fintech and general startups, so many use SVB and the £85,000 deposit insurance won’t keep the doors open for a day.
It’s not really for the BoE to do anything apart from activate the FSCS process for the UK subsidiary.
SVB is a US bank and their regulators will be taking the lead.
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The week of the budget for a string of UK companies to go to the wall when the treasury and BOE can intervene, will be to put it mildly, a bad look
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The week of the budget for a string of UK companies to go to the wall
Perhaps, but to put it bluntly, its their own fault if they decided to bank with SVB, not carry out enough due diligence and/or have an account with another financial provider as well.
Plus, it won’t only be UK firms - they will be chickenfeed compared to those elsewhere…
The bank’s collapse is not much to do with the UK authorities. Having said that, it will be interesting to see how much of the UK subsidiaries assets, the US parent transferred to the States before they collapsed.
Not true, the U.K. branch is ringfenced and solely under the BoE now, the US regulators thankfully cannot touch the U.K. assets and deposits.
However what the BoE does to produce liquidity is unknown at this point, other than they’ll start with the banks own resources (eg bond swaps)