You’re the gift that keeps on giving.
What you are saying is illogical.. according to you strikes at xmas will wreck public support? So why would the unions choose this time period then?
The unions don’t really care about having the support of the public. We’ve been repeatedly told on this thread that the purpose of strikes is to cause maximum disruption for the public. That’s an attempt to force the government’s hand. Claiming that the public support your actions is a PR strategy, nothing more. The public can’t (and probably wouldn’t, when it comes down to it) give the unions what they want.
Govt has chosen not to settle
Why is that, do you think? Because they are a load of meanies? Or because, for example, the unions’ demands are unaffordable and impractical? And that ordinary people, taxpayers, will be asked to pay for it?
I don't think UK pension funds are going to have too much of their diversified funds in Dutch Govt and German industry... do you?
Ordinary people live in Germany and the Netherlands as well, you know. I think that you misread what I said. I said that dividends are mostly paid to pension funds. Not that shares in the TOCs are mostly held by pension funds. You complained about dividends being ‘creamed off’. I asked you to explain the basis on which you assert that dividends paid by TOCs are excessive. You haven’t responded.
Pensions tend to have large bond/Gilt holdings and who wrecked them?
Do you really want to get into this? OK. Why were central bank base rates cut to the bone during the credit crunch? Remember that? Why was quantitative easing expanded during that period? Do you realise that both of these things drive gilt and bond yields down?
The credit crunch was fundamentally caused by reckless lending to buy property, in the US and worldwide. That those loans were later diced up, packaged and sold as dodgy derivatives doesn’t alter the root cause. There’s no reckless lending without the desire for reckless borrowing. So before you jump in and blame ‘the government’ and/or ‘the bankers’, think about whether you yourself might have had a part in driving down interest rates and hence gilt yields. Something to consider when you’re rejoicing over your low mortgage rate, isn’t it?