The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Really? Does it? Is that what inflation is?
It hasn’t dawned on you that GDP inflates?
Inflation has a big effect on what your 2 2% of gdp can buy. Having had inflation at around 10% over the past year, it means that your 2.2% actually buys 10% less in terms of equipment & military resources than the year before. At this time with a generally stagnate economy our 2.2% is just buying less & less in real terms. That means we are becoming less & less protected as a country.
Plus, we all know what's in Space, don't we..... The Fubing MOON baby.
Inflation has a big effect on what your 2 2% of gdp can buy. Having had inflation at around 10% over the past year, it means that your 2.2% actually buys 10% less in terms of equipment & military resources than the year before. At this time with a generally stagnate economy our 2.2% is just buying less & less in real terms. That means we are becoming less & less protected as a country.
Of course, this is why I posted the message.
...having a nice effect of RR SP.
The UK is not under any immediate threat but to increase the defence budget to 4%, you must consider what other sectors of the economy would have to sacrifice to meet that increase. So let's read your, 'ideas'.
GE Aerospace starts strong with FY24 Q1 net profit of 19.1%
GE Aerospace’s total revenue for the last quarter amounted to $8.1 billion, experiencing a 15% increase from the same period last year. The primary factor for growth was the increased total orders, which reached 34% for GE Aerospace.
https://invezz.com/news/2024/04/23/ge-aerospace-starts-strong-with-fy24-q1-net-profit-of-19-1/
The share price is up by about 6% as of now.
https://www.cnbc.com/quotes/GE?qsearchterm=ge
Just looked up what other countries spend...(link below) - highlights - Ukraine - 30% (for obvious reasons), libya 15.5%, Oman, UAE, Jordan (oil states) - around 4 or 5%, US 3.5%, Israel 4.5%, UK 2.2%
World average is 2.2%
Caribbean seems to spend the least (as a region) at 0.8%
So the UK is spending an average amount at present - 4% seems quite a high target Mb.
https://data.worldbank.org/indicator/MS.MIL.XPND.GD.ZS?most_recent_value_desc=true
What does inflation have to do with this?
2.5% of GdP is really quite pathetic considering the kind of world we are living in and the level of recent inflation. We need to be working towards around 4%.
Great point Peak - I fail to see what good these 'last minute' proposals are for the country, they all be reversed or adjustment when Labour get it.
Call me an idealist, but wouldn't it be a great idea, for the country, for some cross party politics to happening right now, for the next 6 months, so the country benefits in the long run?
With that idea certainly not happening, I guess it's hard not to be slightly selfish and just take the fruit that is offered to RR and other companies involved with defence.
Are we assuming Labour would honour this pledge? It's technically what we "should" be spending as members of NATO - any less and you are considered not to be "doing your bit". Certainly can't be bad for RR.
I use deepL - I think it's better
Just use Google translate, it must be easy because I've done it
About SMRs to be built in Poland
Should spill over to RR in some way:
https://www.telegraph.co.uk/politics/2024/04/23/britain-boost-defence-spending-2030-rishi-sunak/
"Rishi Sunak is set to announce that Britain will spend 2.5 per cent of GDP on defence by 2030.
It means the UK is expected to commit £70 billion extra on core defence funding over seven years than it does now, the equivalent of more than £9 billion a year."
Translate it and find out !
What’s the gist?
You'll need to translate.
https://www.bankier.pl/wiadomosc/Elektrownia-jadrowa-od-Rolls-Royce-a-Jest-opinia-szefa-ABW-8733213.html
7 quid EOY!
I’m with ya NTC! Keep the faith brother!
Carry on Nettles, I’m sure you will. I enjoy your views and the research you share. I kinda feel sorry for this attention seeker as to me at least, it smacks of mental health issues. Having said that I hope the mods have the sense to block him.
Rolls Royce have received Billions altogether in funding it seems, even thru AUKUS
The amount of money Governments give the company has to lead to a higher investment grade from Banks
As they say…. Look after the millions and the billions will look after themselves