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The debt will take decades to pay down, whoever is in charge will have some hard decisions to make, hard in not popular with the public or their voters in particular.
The only way to pay it down, regardless of political affiliation, is through taxes on goods and services, profits, inheritances etc. Plus they will make up some other taxes to fill it out, road pricing etc, basically if you are living and breathing you will pay more and when you die they get a lump sum.
Only two ways to do it, ripping off the dressing in one very painful short lived rout or a dismal existence for years on the never never.
Whilst I am a local councillor( yes really), I wouldn't want to be taking the flak the higher ups will inevitably get.
Will these go the same way as the shares Red bought at 17p to convince his readers that we had reached a laughable low?
He's bought the company 3 times over with his 'trades'.
Jezzoo - that's all fair enough.
I do however think it'll be difficult to pay much more tax than were already paying. Just look at how the allowances across various taxes have been trimmed or slashed, CGT being one such example.
The tories have been pushing more and more into taxable grounds yet there will only be a fuss made if Labour up the rates by a percentage point here or there. Par for the course, of course.
Of course fort. its the money markets, its the drerampers, its the imposters, its the blackrock stooges, its those paid by lse to disrupt the board, its those people padmaster writes ditties about, its the weather.
one thing is for sure. its nothing to do with solg.
Look at the volume. 1 million traded at under 9's.
It's £90k in cash for goodness sake. Yet it knocks off close to £12m in value.
Someone having a laugh. If the mm's can't take more than £30k worth without dropping price then they are struggling.
Looks like another fishing expedition as they really don't like when buyers come nibbling. They soon move the offer up.
In theory, it could take just £100k in cash to manipulate SOLG's share down to 7's and knock over another £45m.
Something got to be wrong with that?
Redknight. well done mate, how many now?
just remind me what time its lights out at the asylum.
Scott says..."theres news coming..."
Scott says..."the SP should be at least double..."
Irwin confirms the takeout should be c70p ('Asset Value')...
And the SP continues to slide...
However...
Bought another 100k at 8.71p on a T20...
Adikt ,nobody but you believes you have me filtered. stop making a fool of yourself.
its bad enough that your in denial that solg at this moment is a sh..t show.
copperpot is a complete fantasist. the fact you hang on to his every wishful thinking word
speaks volumes as to how far your in knee deep in a company that's rudderless, with no prospect of you
recovering anywhere near what you put in.
the share price is 8p. youve been spouting the same tripe since the 30s.
you are now in a very small minority of clowns who can't face the fact that youve been taken for a ride.
go to Ireland, you can be copper pots herdsman, you deserve each other
Bozi, the point I was making was that in his opinion he's paid tax once on his earnings throughout his career, he can see that Labour will soak the rich in taxes that they can't avoid IE Inheritance tax, capital gains etc.
Enough is enough in his opinion is what I'm saying, do you think you will be paying more tax if Labour win the next election ?
If you read the last paragraph we agree on the quality of the present Govt, where I differ is your "want politicians who can be more proactive and flexible across a range of topics" All I see there is more MOR politics that don't move us forward as a country. I think we may well see a less than satisfactory partial "deal" with Brussels to bring us closer again to the EU, although I'm for more freedom of movement, something I've always been for, especially between "first World" countries.
For the record,I'm more than willing to let Labour have a go although it may give me a "I told you so " moment. Or not, time will tell.
Because the only person I have filtered is nal, I know when he posts. What I've discovered is that you don't need to be able to read his posts to know exactly what he's going to say.
First, it will contain an insult to one or more other posters. It will be factually incorrect; it will demonstrate that he hasn't actually read or understood what the other poster has said; he will wilfully misrepresent someone's views and, if challenged to back-up his accusations with evidence, he ignores it.
Additionally, it will be illiterate and will contain many spelling and grammatical errors. If figures are involved, you can forget about it - he can barely count the number of digits on one hand. Has there ever been such a worthless contributor to these boards?
Adikt. You come a very close second to quady, in the ridiculous post stakes.
So out of touch with reality, it's laughable
Quady. Your posts get more ridiculous by the day
Clown
Jezzoo - you started off by talking about the rich funding the investment in this country...
... and then you mentioned a friend who is desperate to pay as little tax he can going forward, so much so that he's emigrating.
You were picking up on Novice's thread about the wealthy driving productivity in this country...
... all whilst telling us about a friend who became wealthy from (what sounds like) relatively nothing.
I'm not sure how I can articulate my point further apart from highlighting the inconsistency.
My point is that anyone can be aspirational. It's not dependent on your background and family wealth. It's aspiration that stimulates innovation and together they help fuel productivity.
It's not about left this and right that. My view is that I've had enough of this tory government and their shambolic handling of the economy has damaged my belief that conservatives are to be trusted - the cronyism and theft from the public purse we've seen in the last 5 years has been horrendous.
I want politicians that prioritise the public more instead of saving their empty platitudes for election time and I want politicians who can be more proactive and flexible across a range of topics. So, I'm far far from convinced that "more right is the way to go".
Cant be that many selling who need the cash, this is at a 5 year low, and gold is trading above $1900 ??, im tempted to add more, but looks like it could go lower, ATM
The BOD have done a poor job here
I imagine the people selling are forced sellers needing the money.
I see there was a large 1.5 million sell Friday? to take the Sp this low who is actually off loading large stake??
Jezzoo forget the terms left and right, they have nothing to do with economics and never have
We are talking about what works.
The world is changing and if we don't move with it, we will be left behind.
...by a Thousand cuts!
Reminds me of my other great loss...IOG
Nuts not to be buying at this sp.
Unless you bought your shares in then infancy - most must be under....you buy some, un a couple of days, its marked down....who is the seller with such a low volume....it won't dent their stake to require a TR1. Plot thickens....
It's difficult to see how anyone selling at the moment is doing so at a profit. There are many circumstances when you should take your losses, but I'm struggling to see what's driving people to do so here.
Bozi, the man is late 60's, he made his money here over 40 odd years and paid tax on it despite changing govts, he missed the last round of 93% tax the rich in the 70's when Labour were last truly Left wing. He wants to minimise his exposure to taxes he can't avoid here like inheritance tax etc. You must have got the wrong idea about my post as it's in the same vein as my anecdote.
Don't get me wrong, something has to change in this country because the leadership is weak and lacking direction.
I don't think the direction to solve it is Left or more of the same though. It's more Right.
Demise of sp is nothing but psychological torture - yes, fundamentals haven't changed and yet bod is not issuing any comforting RNS - you can't but think, it's been played !! Monday morning rant....
Atb nonetheless
7p....and very soon!!!
Will we see 7p or 17p this week.
Place your bets.