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.
Nothing wrong with tax avoidance.
That's where you avoid paying tax with the knowledge and approval of the tax man.
ISAs, SIPP's, allowances, etc.
Tax evasion is the sticky one.
Spot on. Modelled it all back in 2003 and had slob from lack of intelligence blowing smoke in face saying who's going to publish it. Then 2008/9 bankers and their beneficiaries the landlords, builders, property investors, got their puppet public school pinbrains to levy austerity and cancel progress . Hmq was direct beneficiary. Tax avoiders were direct beneficiaries. The model predicts that democracy cancels if energy is not shared down . At moment it is being centralised into tax avoider ownership. It is imagined that grooming puppet politicians is not a corruption of democracy. (Complete nonsense)
Just to put money were mouth is we found cheap we found and supported discovery of cheap uranium, isr not mined, but unfortunately the asset was stolen by network or gang of tax avoiding J ollygarchs.
1-2 or maybe 3 or 4 trillion of austerity would have easily completely greened the whole country if not the European continent.
DC and GO cynically cheated
TB we now know for sure is tax avoiding Ch
It's funny if you have witnessed a country being built up, the landlords aren't very influential. They are lost to recommend direction. When the economy is rescued/built over long period by many sacrifices , property demand obviously increases and then landlords want to pick the politicians, pay no tax, build no facilities, and should their investments suffer put tax payer on hook to underpin them, so they suffer no losses. I paid extra 100k to austerity, was essentially bankrupted. Wouldn't mind if infrastructure had been built. But nothing . Only Blair's, or Abramovich or etc property price rescued so they all can spread ignorance and cheating around the world. Intelligence services of all Europe need to clarify if this is their supported policy. If eg Russia offers more favourable terms to our tax avoiding property owners do they all upsticks. Over there Putin might say, 1 for the money(stolen) , 2 for the show (trial) , 3 to pay no tax let's go go go ( and a drop of poison to cover tracks- the extra carrot)
Anyway have few Ukog
Awww, geee, thanks (blushes furiously...)
BTW, in case anyone missed it the world price of coal is now at a record high, so it's apparently not just the oil industry that is struggling to meet demand.
IMHO, the only way we (i.e. the human race) are going to get close to meeting climate change goals is to switch from battery powered EV's to those using hydrogen fuel cells, combined with massively increasing investment in nuclear power and CCUS technology.
ZYX098, Thank you for that insight and analysis, a truly eye-opening post. You don't get much of that on LSE, thumbs up as best post in 2021.
Shows what those who actually pay attention to what is going on have known all along; most of the environmentalists make the mistake of looking at everything from a "developed world, Urban" perspective.
However, there are around 3 Billion people in the developing world who desire (and are entitled to) our standard of living and the energy consumption that that implies.
Any Govt's No.1 priority is to supply that energy and ensure security of supply.
The most economical way to do that is not renewables, it's building either coal or gas fired power stations.
There is a direct correlation between rising energy prices and the % of energy generated by renewables.
The current price hike is just the start - it's going to get much worse, especially as eye-wateringly expensive power from floating wind starts to come online.
Even the offshore wind industry admit the LCOE for floating wind is going to be c. £250/MWhr.
They claim that Opex and Capex costs will come down - but current experience of static offshore wind shows the opposite is true. (Data available at:- https://ref.org.uk/ )
In fact, there is nowhere near enough Nickel, Cobalt, Lithium or rare earth minerals production to meet current demand for EV's and wind turbines in any case.
Currently, the likes of the FoE and Greenpeace are putting pressure (or trying to use the Courts) on Western Govts and Banks to stop lending money for O&G developments.
This is short-sighted, as all that will do is force Operators to go to the Chinese and Russians for the money - which will not come with the same HSE stipulations put on such loans by the West.
There is a huge backlog of deferred expenditure on O&G built up from the price crash of 2015.
Activity was just beginning to pick back up again when Covid hit and brought many operations to a standstill, while annual maintenance cycles were delayed.
The result is that over $1 Trillion in O&G projects have been deferred and the supply / demand chain is precariously balanced because the natural cycle of replacing depleting production has been interrupted over the last few years.
In the meantime, we'd all better hope that this coming Winter in Europe, North America and Asia is a mild one, or things will get really ugly...