Politics0 min ago
Co Operative Massive Debts
this is quite astonishing, had no idea they had their fingers in so many pies
http:// www.ind ependen t.co.uk /news/b usiness /news/c oop-gro up-to-s ell-far ms-ahea d-of-2b n-loss- 9153806 .html
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Answers
I've known the CEO for years ever since he was a Director at Superdrug. He is a good man and very capable but the long-term misdemeanors of their banking division has ruined the entire group and threatens to damage good businesses that were considered gilt edged such as the funeral and farming businesses. Very sad indeed.
18:13 Wed 26th Feb 2014
The farms total just over 17,000 hectares. That's 42,000 acres, nearly all arable.They have 200 employees on the farms That's modern farming for you; a farmer of arable could farm 3,000 acres with a permanent staff of three.
And that's a fair bit of value. Agricultural land fetches £8,000, sometimes as much as £15,000, an acre. Add in the farmhouses and the working buildings and you have a tidy sum. And there will be no shortage of buyers; trusts, pension funds, very rich individuals, have pushed prices up a lot in recent years. The great benefit to the private buyer is 100 per cent relief on inheritance tax, but land is seen as a good refuge investment at any time
And that's a fair bit of value. Agricultural land fetches £8,000, sometimes as much as £15,000, an acre. Add in the farmhouses and the working buildings and you have a tidy sum. And there will be no shortage of buyers; trusts, pension funds, very rich individuals, have pushed prices up a lot in recent years. The great benefit to the private buyer is 100 per cent relief on inheritance tax, but land is seen as a good refuge investment at any time
pretty much the way property prices in the capital have risen, private foreign buyers, investors, buying up whole buildings, and selling the apartments often sight unseen, for mega bucks, no wonder you can't get a fair rent here.
Then why doesn't the government step in and stop the land that the Co op
owns from going to some rich investor.
Then why doesn't the government step in and stop the land that the Co op
owns from going to some rich investor.
the supermarkets dominate buying of fresh produce but they reject 40% of it because it doesn't look nice
http:// www.fru itnet.c om/fpj/ article /159419 /two-fi fths-of -produc e-rejec ted-by- superma rkets
Who'd be a farmer on those terms? If the only person who wants to buy a farm is an Arab who wants to use it for breeding horses, better for everyone if they let him.
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Who'd be a farmer on those terms? If the only person who wants to buy a farm is an Arab who wants to use it for breeding horses, better for everyone if they let him.
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I'm not sure I follow your argument there, Bouncer, but anyway, the "millions of pounds paid in Bankers' bonuses " were contractual obligations, and the government does tax them, usually at 45%.
The government could step in regarding the land issue but I doubt it will- why should it buy land from the Co-op? What would it do with it- employ civil servant farmers or let theland go to ruin?
The government could step in regarding the land issue but I doubt it will- why should it buy land from the Co-op? What would it do with it- employ civil servant farmers or let theland go to ruin?
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