SpaceX ($SPCX) has gone public, having raised a record $75 billion through its IPO. Reuters reports it is set to begin trading on the Nasdaq stock exchange at $171 per share, rocketing far beyond the expected price of $135.
Elon Musk is on track to become the world’s first trillionaire.
OBR Blunder of the Century: UK Borrowing £60 BILLION Higher
Than Predicted – Useless Forecasters Exposed as Rachel Reeves Squirms
Posted by Ken Frost – The Loanbuster – 27 May 2026
Blimey, what a complete and utter farce!
The Office for Budget Responsibility – those so-called “independent” fiscal geniuses who are supposed to keep the government honest – has cocked it up on an industrial scale yet again. Latest figures reveal UK public sector borrowing is running a staggering £60 BILLION higher than the OBR first forecast just months ago.
£60 billion! That’s not a rounding error. That’s real money. Your money. Taxpayer cash vanishing into the black hole of Labour incompetence while the OBR’s crystal ball merchants scratch their heads and mumble “whoops”.
Rachel Reeves is now under massive pressure as the Chancellor who promised fiscal responsibility is watching her borrowing forecasts explode like a cheap firework. The woman who lectured us all about “tough choices” and “fixing the books” is facing the brutal reality that her entire fiscal strategy was built on sand – and the OBR supplied the dodgy blueprints.
Let’s be crystal clear – this isn’t their first monumental cock-up. The OBR has form for being about as reliable as a chocolate teapot:
These people are paid handsomely from your taxes to get the numbers right. Instead they produce fantasy spreadsheets that bear no resemblance to reality. Why do we even bother with this quango? It’s nothing more than a fig leaf for whichever government is in power to pretend their plans add up.
The truth is simpler and uglier: Reeves’s £40bn+ tax tsunami, combined with rampant public sector bloat, green energy subsidies, and zero growth, was always going to send borrowing spiralling. The OBR just gave her false comfort and now the chickens are coming home to roost with a £60 billion vengeance.
Real people are paying the price — higher taxes, squeezed services, and a national debt mountain growing faster than ever. Meanwhile, the “independent” experts who got it so badly wrong will probably get another pay rise and a polite “lessons will be learned” memo.
This is what happens when you put political forecasters in charge of fiscal reality. The OBR isn’t independent – it’s institutionalised incompetence. And Reeves, who leaned on their forecasts to justify her raids, now looks completely exposed.
Time for heads to roll. The OBR should be scrapped or properly reformed, and Reeves should be considering her position. Again.
Britain deserves better than this endless cycle of fiscal fairy tales and expensive mistakes.
Amazon Suggested Reads – See Through the Fiscal Lies
Ken Frost
Professional Cynic, Chartered Accountant and relentless Loanbuster
www.kenfrost.net – exposing the economic charlatans since 2005
BP Axes Chairman Albert Manifold in Shock Boardroom
Bloodbath: Another Chapter in Britain’s Once-Great Oil Giant’s
Slow-Motion Car Crash
Posted by Ken Frost – The Loanbuster – 26 May 2026
Blimey, what a total shambles!
In a stunning move this morning, BP has booted out its chairman Albert Manifold with immediate effect after just eight months in the job. The board cited “serious concerns” over governance standards, oversight and conduct – the corporate equivalent of “you’re fired for being a liability”.
Shares in BP promptly tanked, becoming one of the FTSE 100’s biggest fallers. No surprise there. Nothing screams “instability” louder than firing the chairman faster than you can say “strategic review”.
Let’s be brutally honest. This isn’t just a personnel change – it’s symptomatic of the deeper rot at BP. A once-proud British energy titan that helped power the world is now a punch-drunk boxer lurching from one crisis to the next:
Manifold was brought in last October specifically to steady the ship and oversee a strategy reset. Eight months later he’s out on his ear with the board unanimously agreeing he’s no longer fit for purpose. That’s not a resignation – that’s a very public execution.
The timing couldn’t be worse. With global energy markets in turmoil thanks to the Iran situation and OPEC fracturing, BP should be laser-focused on producing reliable, profitable energy. Instead, they’re busy with another round of boardroom infighting and governance drama.
This is what happens when you let activist hedge funds, net-zero zealots and weak leadership run a critical British company into the ground. Shareholders get diluted, the strategy lurches left and right, and the City laughs at us.
Britain needs strong, focused energy companies – not soap operas in suits. BP used to be a national champion. Now it looks like a case study in corporate decline.
The board can spin this all they like with their bland statements about “important governance standards”. The punters know the truth: another chairman gone, more uncertainty, more value destroyed.
Until BP gets serious leadership that focuses on energy production, profits and shareholders — instead of endless virtue-signalling and boardroom coups — this sorry saga will continue.
Amazon Suggested Reads – Understand the Corporate Carnage
Ken Frost
Professional Cynic, Chartered Accountant and relentless Loanbuster
www.kenfrost.net – exposing corporate and political cock-ups since 2005
Reeves & Treasury Cretins Demand Food Price Caps – The Stupidest Idea Since Brown Sold the Gold
Posted by Ken Frost – The Loanbuster – 20 May 2026
Blimey, you really couldn’t make this up.
While British families are still being hammered at the supermarket checkout, Rachel Reeves and her Treasury geniuses are reportedly floating the idea of price caps on food. Yes, actual price controls – the sort of economically illiterate nonsense usually reserved for failing socialist states and banana republics.
This is cretinous on every possible level.
Price caps don’t magically create more food. They don’t reduce the cost of growing it, transporting it, or stocking the shelves. What they do create is shortages, black markets, lower quality, and supermarkets pulling popular lines because they can’t make a profit. We’ve seen this movie before – and it always ends in empty shelves and frustrated shoppers.
Here’s the truth the Treasury’s spreadsheet warriors refuse to accept:
Supermarkets and food producers are being absolutely crucified by government-imposed costs that Reeves and Starmer could slash tomorrow if they weren’t ideologically brain-dead:
Cut these green taxes and bureaucratic burdens and food prices would fall naturally through market forces. Instead, Reeves wants to slap on price caps like some 1970s throwback, guaranteeing higher costs elsewhere and punishing the efficient operators.
This is classic Labour thinking: ignore the root causes they themselves created (taxes, energy costs, regulation), then reach for the blunt instrument of state control to “fix” the problem they made worse. Genius.
The Treasury knows full well that food price inflation has been driven by:
But rather than cut their own green taxes and NI burdens, they’d rather play God with price controls and blame “greedy supermarkets” for the mess they helped create.
Let’s be crystal clear: Price caps are for idiots and authoritarians. They distort markets, reduce supply, and always hurt the very people they claim to help – working families who end up with less choice and higher prices long-term.
The means to genuinely lower food prices are entirely in Reeves and Miliband’s hands. All they have to do is stop waging economic war on British business and energy users. But that would require admitting their entire green-left agenda is financially toxic – and we all know that’s never going to happen.
This government doesn’t want solutions. It wants control.
Resign, Reeves. Take your price cap cretinism with you. Britain deserves better than ideological vandalism dressed up as compassion.
Amazon Suggested Reads – Arm Yourself Against State Interference
Ken Frost
Professional Cynic, Chartered Accountant and unrepentant Loanbuster
www.kenfrost.net – exposing economic illiteracy since 2005
Youth Unemployment Catastrophe: 15.8% Rate for 16-24 Year Olds – Labour's Tax Tsunami Creating a Lost Generation
Posted by Ken Frost – The Loanbuster – 19 May 2026
Blimey, what a utter disaster for Britain's young people!
Today's ONS labour market figures confirm the nightmare: youth unemployment for 16 to 24-year-olds has shot up to 15.8% in the three months to February 2026. That's up from 14.6% a year ago, with a staggering 713,000 young people now on the dole – 70,000 more than last year. The employment rate for this age group has also slipped to 50.5%.
This isn't just a blip. This is a full-blown crisis for the next generation, and the finger of blame points squarely at Rachel Reeves, Ed Miliband, and the entire Labour government's economic vandalism.
Reeves's employers' National Insurance hammer – that £25 billion raid on businesses – has made hiring anyone, especially inexperienced young workers, an expensive gamble few companies are willing to take. Why risk taking on a keen 18-year-old when every new starter now costs you a fortune in extra taxes? Result? Frozen recruitment, delayed starts, and graduates left sending out hundreds of CVs into the void.
Add in Miliband's green energy madness driving up business costs, stagnant growth, and a mountain of red tape, and you've got the perfect storm for youth despair.
The grim facts:
The so-called "experts" and media are wringing their hands, muttering about "structural issues" and "global factors". Absolute cobblers. Real businesses on the ground have been screaming for months that Reeves's tax raids would kill job creation – especially for those starting out. The private sector, the real engine of opportunity for young people, is being squeezed dry to feed Labour's big-state obsession.
This is how you create a lost generation: price young workers out of the market, strangle business confidence, and then act surprised when NEET numbers explode. These kids aren't "lazy" – they're victims of disastrous policy that favours insiders, quangos and union paymasters over aspiration and hard work.
Labour promised opportunity and "growth, growth, growth". What they've delivered is rejection letters, benefit queues, and crushed hopes for hundreds of thousands of young Brits.
The damage will last years – skills gaps, mental health scars, and a generation increasingly disconnected from the world of work. Well done, Starmer and Reeves. History will remember you as the government that betrayed Britain's youth.
Time for serious accountability. These figures are indefensible.
Protect your own kids' futures, folks. Push them towards skills, trades, and self-reliance – because this government certainly isn't creating the opportunities they desperately need.
Amazon Suggested Reads – Arm the Next Generation Against Economic Failure
Ken Frost
Professional Cynic, Chartered Accountant and eternal Loanbuster
www.kenfrost.net – exposing the jobs destroyers since 2005
BREAKING: Former Prime Minister Gordon Brown meets with Sir Keir Starmer in Downing Street as part of PM’s ‘next steps’ plan https://t.co/PAiZ4D1jU3
— Sky News (@SkyNews) May 9, 2026
📺 Sky 501, Virgin 602, Freeview 233 and YouTube pic.twitter.com/ub6u8VBKpH
UAE Quits OPEC in Massive Shock Move: Oil Cartel Cracks Wide Open – What This Means for Prices, Energy Chaos & Your Bills
Posted by Ken Frost – The Loanbuster – 28 April 2026
Blimey, the oil world just got a proper kick in the teeth!
In a bombshell announcement today, the United Arab Emirates has declared it is leaving OPEC and the wider OPEC+ alliance, effective 1 May 2026. After nearly 60 years as a key member, one of the world’s biggest and most sophisticated oil producers (around 4.5 million barrels per day capacity) has had enough of the cartel’s production quotas and is going it alone.
This isn’t some minor diplomatic tiff. This is a seismic fracture in the organisation that has tried to control global oil supply and prices for decades.
The UAE government cited its “long-term strategic and economic vision” and the need for greater flexibility to respond to market forces. Translation: they’re fed up with being told how much they can pump by Saudi Arabia and the rest of the gang, especially while the Iran war has already sent energy markets into meltdown.
They’re done playing by cartel rules. From tomorrow, the UAE will set its own production levels and ramp up investment in domestic energy without having to beg permission from the OPEC+ quota police.
OPEC just got significantly weaker — Losing the UAE is a massive blow to the cartel and especially to Saudi Arabia, its de facto boss. The group’s ability to manipulate global supply (and therefore prices) has taken a serious hit.
More oil likely coming to market — Free from quotas, the UAE can crank up production when it wants. That could help ease some of the current supply tightness caused by the Iran conflict.
Increased volatility ahead — Cartels work by restricting supply to keep prices high. When big players walk away, the market becomes more unpredictable. Expect sharper swings in oil prices – good for traders, bad for everyone else.
Bad news for your energy bills — We’re already seeing sky-high fuel prices feeding into today’s inflation numbers. A fractured OPEC means less coordinated control, which usually translates into wilder price movements at the pumps and on your gas and electricity bills.
This move exposes the truth we’ve known for years: OPEC was never a “stabilising force” – it was a price-fixing club that worked when members played ball. Now the biggest players are putting national interest first, and the whole shaky edifice is starting to crumble.
Ed Miliband and the net-zero zealots in Westminster should be watching this very carefully. Their fantasy of “clean power by 2030” already looks ridiculous. With OPEC fracturing and geopolitics turning the energy market into a war zone, relying on intermittent wind while locking Britain into expensive long-term contracts looks even more suicidal.
The age of the oil cartel’s dominance may be ending. What replaces it – genuine market forces or more chaotic power plays – will decide whether your heating and motoring costs go up or down in the years ahead.
One thing’s for sure: the days of a handful of desert kingdoms dictating the price of your weekly fuel fill-up just got a lot more uncertain.
Stay sharp, fill up when prices dip, and for God’s sake don’t believe the politicians who tell you they’ve got your energy costs under control.
Amazon Suggested Reads – Protect Yourself from Energy Market Mayhem
Ken Frost
Professional Cynic, Chartered Accountant and relentless Loanbuster
www.kenfrost.net – exposing the energy emperors since 2005
UK Inflation Jumps to 3.3% in March – Thanks to Reeves, Miliband & the Iran Oil Shock: Another Taxpayer Gut-Punch as the "Experts" Scratch Their Heads
Posted by Ken Frost – The Loanbuster – 22 April 2026
Blimey, just when you thought the cost-of-living crisis was easing, along comes the ONS with another dose of fiscal reality!
Fresh out of the oven this morning: UK CPI inflation surged to 3.3% in the 12 months to March 2026, up sharply from 3.0% in February. CPIH (including housing costs) hit 3.4%, also climbing from 3.2%. Monthly, prices jumped 0.7% in March alone – more than double the rise seen this time last year.
The usual suspects are out in force: "in line with expectations", "driven by transport and energy", "first impact from the Iran conflict". Translation? The punters are getting squeezed harder while the spin doctors polish their excuses.
Let's cut through the bollocks with the real numbers:
The "experts" and media are acting all surprised again, but come on – we've been warning for months that Labour's policies plus global shocks would keep the pressure on. Rachel Reeves's tax tsunami, employers' NI hikes, and Ed Miliband's green energy obsession (locking us into expensive offshore wind contracts) have done nothing to tame the beast. Higher energy costs flow straight through to everything else, while the bloated public sector and weak growth keep wages chasing prices in a vicious circle.
This isn't just "global factors". It's domestic incompetence meeting geopolitical reality. Miliband's net-zero zeal has left us exposed to volatile fossil fuel prices instead of building proper baseload security. Reeves's spending spree and borrowing binge add fuel to the inflationary fire. And the Bank of England? Still dithering with rates at 3.75%, scared of the very mess their political masters helped create.
Real people – pensioners on fixed incomes, families filling up the car, small businesses watching input costs soar – feel this in their wallets every single day. Inflation at 3.3% might look "moderate" to the suits in Westminster, but when wages aren't keeping pace and taxes are rising, it's a stealth raid on living standards.
The ONS figures confirm what the man in the street already knew: the cost-of-living crisis is far from over. Promises of falling bills under Labour? Broken. "Growth, growth, growth"? More like stagnation with a side of price hikes.
Stay angry, stay sharp, and protect what you've got left. Because this lot in government certainly aren't going to do it for you.
Amazon Suggested Reads – Fight Back Against the Inflation Onslaught
Ken Frost
Professional Cynic, Chartered Accountant and unrepentant Loanbuster
www.kenfrost.net – calling out the economic vandals since 2005
For centuries, Britain has been self-sufficient in salt – one of the most essential minerals on the planet. From Roman times through the Industrial Revolution, the vast underground halite deposits in Cheshire have supplied not just table salt but the raw material for pharmaceuticals, plastics, water treatment, food processing, explosives, and road gritting. The UK once exported salt across the Empire and produced nearly all its own needs domestically. Now, for the first time in modern history, that era is at risk of ending.
In January 2026, Inovyn (part of Jim Ratcliffe’s INEOS group), which produces around 50% of Britain’s salt at its Runcorn plant in Cheshire, warned Sky News that it may have to shut down the facility without urgent government intervention. The other major producer, Tata Chemicals Europe’s British Salt operation, would then be left carrying the load – but the country would still become a net importer of salt. Nearly 3 million tonnes are produced annually in the UK, mostly via solution mining (pumping brine from underground ancient seabeds and evaporating it). Losing half that capacity would be a seismic shift.
The root causes are sky-high industrial energy costs and the UK’s carbon taxes, both heavily shaped by net zero policies. Salt production is energy-intensive: pumping, evaporating, and processing brine requires substantial electricity and heat. The UK’s push for decarbonisation – including the Emissions Trading Scheme (ETS), carbon floor prices, and a grid increasingly reliant on intermittent renewables – has driven up electricity prices for heavy industry far beyond those in competitor nations like the US or China.
Carbon taxes hit particularly hard. INEOS has publicly described them as “killing manufacturing,” with one plant alone facing a £15 million bill in a single year. Executives argue that these policies, designed to cut domestic emissions, are accelerating deindustrialisation instead. As one industry leader put it, the more plants close, the lower Britain’s reported carbon emissions become – edging the country closer to its 2050 net zero target on paper, while the actual production (and emissions) simply shifts overseas.
This isn’t isolated. The chemicals sector, of which salt is a cornerstone, has seen output fall 20% in the past three years – a decline unprecedented outside wartime. Eleven major chemicals plants have closed in the last decade. Recent examples include CF Fertilisers’ ammonia plant in Billingham (2023), Tata’s 150-year-old soda ash plant in Lostock (2025), and Inovyn’s own sulphuric acid facility. The infrastructure itself is ageing, much of it dating back to the ICI era of the mid-20th century.
Few people realise how central salt is. It underpins roughly 90% of pharmaceutical manufacturing. It is used to purify drinking water, produce plastics, make explosives, and process food. Road gritting in winter relies on it. Chlorine and other chemicals derived from salt are the building blocks for countless supply chains. Tom Crotty, INEOS group director of chemicals, warned: “Without a plant like this, we’d have to import… salt is a very corrosive material and that makes imports very, very difficult. And it’s a relatively low-value product. So the cost of the movement dramatically impacts the final price.” The result? Higher costs for UK food, medicines, and manufacturing – making British products less competitive.
Sharon Todd of the Society of Chemical Industry (SCI) called the situation “slightly crazy”: global chemicals demand is booming (a $6 trillion market), yet the UK is retreating. Steve Elliott, CEO of the Chemicals Industries Association, urged the government to move beyond rhetoric: “Enough of the rhetoric and more urgency please on meaningful energy and carbon policy and funding… Otherwise, we’ll see further deindustrialisation through decarbonisation in 2026, with serious implications for our critical national infrastructure, growth sector supply chains and net zero delivery.”
Critics, including INEOS founder Sir Jim Ratcliffe, argue that net zero policies are creating a paradox. By making energy-intensive industries unviable through taxes and high prices, the UK is offshoring both jobs and emissions to countries with looser environmental rules (and often coal-heavy power). National security is also at stake: domestic production of foundational chemicals supports everything from fertilisers to defence manufacturing.
The government has offered some targeted support – a grant to keep INEOS’s Grangemouth ethylene cracker open in late 2025 – but industry figures call this a “sticking plaster.” Broader reform of energy and carbon policy is needed if the UK wants to decarbonise while retaining industrial capacity, jobs, and supply-chain resilience.
If Inovyn’s Runcorn plant closes, Britain will rely on imports for a mineral that is cheap to produce domestically but expensive and logistically awkward to ship. Communities in Cheshire and the wider chemicals heartlands will lose skilled jobs. Manufacturing costs will rise. And the UK’s claim to be building a “green” economy will ring hollow if it simply exports its industrial base.
Salt may seem humdrum, but losing control of its domestic production would be a stark symbol of a deeper problem: when net zero policy prioritises emissions targets over energy security and industrial survival, the consequences ripple through the entire economy. Whether policymakers choose to intervene – with pragmatic reforms on energy costs and carbon taxes – will determine if Britain’s salt industry survives or becomes another casualty of the net zero transition.
Companies House Security Catastrophe: Five Months of Open
Season on Every UK Company's Data – Proof the State Can't Be Trusted
with a Spreadsheet, Let Alone Our Privacy
Posted by Ken Frost – The Loanbuster – 16 March 2026
Blimey, if this doesn't make your blood boil, nothing will!
Companies House – the government's own corporate register, the supposed guardian of company integrity – has just admitted what any half-decent hacker already knew: for five bloody months, every single one of the five million+ registered UK companies was wide open to a laughably simple exploit. Anyone in the world – from a bedroom script-kiddie in Belarus to a fraud gang in Nigeria – could log in, view private dashboards, see directors' home addresses, email addresses, dates of birth, and – get this – actually change company details, file fake accounts, or hijack the lot.
The bug? Press the back button on the dashboard. That's it. No fancy zero-day, no SQL injection masterclass – just the browser's back button breaking their entire authentication system. Discovered and exposed on Friday by sharp-eyed researchers (shout-out to Dan Neidle and co for blowing the whistle), Companies House finally suspended WebFiling and issued the grovelling statement: "We identified the issue... we're investigating... sorry for any inconvenience."
Inconvenience? This is a full-blown national security and fraud tsunami!
For five months – that's 150 days of vulnerability – crooks could've:
And the government's response? "Quickly resolved." Yeah, after it was public. How many frauds were committed in those five months? How many fake filings went through? They'll never tell us the full truth – because admitting the scale would be career-ending for the mandarins in charge.
This isn't a one-off glitch; it's systemic incompetence from a state organ that's meant to protect us. Companies House holds our most sensitive business data – the backbone of UK commerce – yet they couldn't secure it against something toddlers discover in browser dev tools. While banks get fined millions for far lesser breaches, this lot gets a polite slap on the wrist and a "lessons learned" memo.
The bigger picture? Governments and their quangos cannot be trusted with our data. Full stop.
Remember the DVLA leaks? HMRC blunders? NHS data disasters? Same story every time: over-centralised, under-secured, and zero real accountability. The state hoards our info like a dragon on gold, then leaves the cave door wide open.
Directors: check your company details NOW. Monitor for weird filings. Consider a service address instead of home ones going forward. And for God's sake, stop believing the mantra that "government knows best" on data protection.
This fiasco proves the opposite: the state is the biggest risk to our privacy and security. Time to shrink their data empire, enforce real penalties for their screw-ups, and let private alternatives handle what the bureaucrats clearly can't.
Resignations at the top? Fat chance. But trust in the system? That's already evaporated.
Stay vigilant, folks. Your data's only as safe as the weakest link – and right now, that's Whitehall.
Amazon Suggested Reads – Guard Your Data from State Blunders
Ken Frost
Professional Cynic, Chartered Accountant and relentless Loanbuster
www.kenfrost.net – exposing state incompetence since 2005
Lloyds Banking "Glitch" Horror Show: Customers Peering into Strangers' Accounts – Another Nail in the Coffin for Britain's Digital Banking Farce
Posted by Ken Frost – The Loanbuster – 12 March 2026
Blimey, what fresh hell is this? Another day, another "technical glitch" turning UK banking into a comedy of errors – except nobody's laughing when it's your hard-earned cash on display for random strangers!
This morning (Thursday 12 March 2026), punters with Lloyds Bank, Halifax, and Bank of Scotland apps woke up to a nightmare: logging in only to find themselves staring at other people's transactions, payments, charges, and God knows what else. Screenshots flooded social media – one bloke seeing his neighbour's grocery shop, another spotting a stranger's mortgage payment. Balances might've stayed correct for some, but the details? Swapped like a bad game of pass-the-parcel. Account numbers, sort codes, personal spending history – all laid bare for a short, terrifying window between 7am and 9am-ish.
Lloyds Banking Group (the overlords owning the trio) rushed out the usual corporate waffle: "We're sorry... issue quickly identified and resolved... investigating the cause." Yeah, love, we've heard that script before. Apology accepted? Not bloody likely when this is yet another chapter in the endless saga of UK banks' digital incompetence.
Remember the stats? Britain's top banks racked up over 800 hours of unplanned outages between 2023 and early 2025 alone – that's 33 days of pure chaos blocking millions from their own money. Lloyds, NatWest, Barclays – they're all serial offenders. And now this: not just downtime, but a proper data-privacy car crash where the system decided to play mix-and-match with customer records.
This isn't a mere "glitch", folks – it's a glaring red flag that the rush to apps and online-only banking has left security and reliability in the dust. While fat-cat execs pat themselves on the back for "digital transformation", ordinary savers and borrowers are left exposed, frustrated, and wondering if their data's safe with these clowns.
The real gut-punch? Martin Lewis himself weighed in, urging calm but highlighting the "concerning" breach vibes. Customers described it as a "huge data breach" – and rightly so. Log out, log in six times? Still seeing someone else's life flash before your eyes? That's not a bug; that's a systemic failure begging for FCA fines and class-action headaches.
Why does this keep happening? Because banks have slashed branches, pushed everyone online, under-invested in robust IT, and treated cybersecurity like an optional extra. Result: punters can't access cash when needed, or worse, see everyone else's business. In a cost-of-living crisis, when every penny counts, this level of unreliability is unforgivable.
Lloyds promises an investigation – big whoop. What we need is accountability: sack the IT bosses who let this happen, compensate affected customers properly (not just a grovelling tweet), and stop pretending apps are infallible while closing branches left, right, and centre.
Until then, folks: keep paper statements as backup, spread your cash across multiple banks, and never trust these digital overlords not to cock it up again. Because they will.
Resignations? Fat chance. But the trust? That's already bankrupt.
Amazon Suggested Reads – Protect Your Money from Bank Blunders
Ken Frost
Professional Cynic, Chartered Accountant and eternal Loanbuster
www.kenfrost.net – calling out banking bollocks since 2005
