Tesco Bank halts online payments after money was taken from 20K accounts

Re:Tesco Bank halts online payments after money was taken fr... by johansch on Monday November 07, 2016 @11:19AM (#12892197)

No, but quite a lot.

"Overseas Trade Statistics. In July 2016 the value of exports (EU and Non-EU) decreased to £23.9 billion, and imports (EU and Non-EU) decreased to £39.7 billion, compared with last month. Consequently the UK is a net importer this month, with imports exceeding exports by £15.9 billion."

https://www.uktradeinfo.com/Statistics/OverseasTradeStatisti...

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Re:Tesco Bank halts online payments after money was taken fr... by johansch on Monday November 07, 2016 @02:02PM (#12893834)

So, (brits), why did you downvote this without commenting?

(It went from +3 to 0.)

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Re:Tesco Bank halts online payments after money was taken fr... by martinald on Monday November 07, 2016 @05:16PM (#12895731)

I would guess because the UK economy is worth ~£2tn. £150bn of imports raising at 20% isn't a huge impact (around 1-2% - not a huge deal in the grand schemes of things).

PS: I didn't downvote you.

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Re:Tesco Bank halts online payments after money was taken fr... by johansch on Monday November 07, 2016 @05:49PM (#12895971)

That's because of the London banking. Which is now moving th Frankfurt.

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Re:Tesco Bank halts online payments after money was taken fr... by blibble on Monday November 07, 2016 @06:36PM (#12896297)

fat chance, some back office operations will move (as little as possible), and the lucrative front office work will remain in London as that's where the clients are

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