Member Info for bald_eagle

When I saw the FT programme I really couldn't believe what I was seeing. If the video was from the Guardian I wouldn't have been surprised but the FT!!!
Hard to dismiss. I have always assumed FT journalists know their stuff & are relatively unbiased.
Hopefully Rishi, who is a Brexiteer apparently, will be able to control the ultra hardline ERG zealots and come up with a pragmatic approach to our relationship with the EU, one that is pro-growth.

"Yes, it's broken 68p at last , should find support at 70p plus soon"
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Surely the next obvious barrier is 70p?!......or am I being naive.

"I appreciate that some of these measures will not find find favour with everybody....."
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My theory is that the people who benefit most from the status quo are the family & friends of MP's, so there is zero chance IMO....turkeys & Christmas!!!

What is that based on?.....would love to see some analysis comparing ITV production unit with similar around the world. Useful because it could indicate what a purchaser would be willing to pay.

ITV is desperate for viewers....the cat counts!!

".....compared to the prior period"
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And the prior period was lockdown?!...or impacted by pandemic restirctions.
The pandemic has been 'brilliant' for hiding the economic impact of Brexit.

"Expect a new financial services tax in budget next week. ( bank levy will be increased to 10 pc and extended too ) U.K. is broke, brexit has wiped out 22 pc of our exports to EU not replaced by anything, trashed sterling sucking in more inflation….bills have to be paid somehow, U.K. only G7 country not to have returned to pre covid size, expect two years of grinding recession/austerity and parabolic taxes and asset price destruction under dying tory government. Come back Blair. ( sunak’ wife a billionaire so I don’t suppose he’s too worried about you poor suckers )"
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Unfortunately a lot of what Porsche wrote was based on fact.....as far as I can tell. Perhaps it is the manner of delivery that is so upsetting but don't shoot the messenger.
- Fin services tax next week....I have no idea.
- UK is broke.....arguably we have maxed out the credit card. Not sure if it will effect sales of luxury cars quite yet.
- Brexit.....hasn't quite delivered on the promises, but give it another 10 years and things might improve.
- G7 comparative performance.....but at least we are beating Russia.
- Austerity & parabolic taxes.....we have got to balance the books somehow. So increased stealth taxes & a bit more belt tightening is probably heading out way.
- Come back Blair.....to do what?, start another war!

"BBC is a freak show full of freaks. The licence fee is pure theft."
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A committed ITV viewer.....

What is the current yield and forecast yield?
9.2% looks a little tasty!......or was it based on when SP was 205p?

SaleSale, it is difficult to be positive at the moment. Perhaps Jeremy Hunt (or whoever is Chancellor) can pull a rabbit out of the hat on 31st. But it's beginning to look like a perfect storm.....for the UK, for the climate.

A positive update would be welcome. At the moment it more resembles a get rich quick scheme for select few. I'm not sure anyone knows what the future for TRMR is like. But AMobee deal is obviously a big part of that....unless it turns out not to be!!

".... if the BoE keeps increasing interest rates then it will bring down inflation by causing a massive recession...."
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Nick, what else are they supposed to do? To some extent they are simply following the leader of the US. If they didn't follow suit to some extent the pound would be even weaker.
The BoE has limited tools to control inflation, especially if it is the 'wrong' sort of inflation. Ideally the treasury & the BoE would work in unison to control inflationary pressures and agree a long term plan. That doesn't seem to be happening. The BoE is left out on a limb and has to be seen to be acting in a fiscally prudent & grown up way....hence they are left with the threat of interest rate rises, probably the only tool in their armoury.....a bazooka at a knife fight!!
Targeted tax policy seems a better way to influence behaviour IMO....but has only been used as a way to balance the books...too nanny state for some!!
Personally I like the AMerican way...give everyone over 5 a gun and let them shoot it out.

Sub 64p!!....general market conditions though?!

Does that have any impact on TRMR?.....for a brief second I though the approach was for Trmr

I need a leg up

""I believe they call it greenwashing."
By not investing in new oil fields?"
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No, no, no!
The 'greenwashing' is by their pretence that Shell & BP are investing heavily in green technologies. This pretence is supported by the Tory government who are reluctant to impose a windfall tax because it would deter this green investment....indeed a BP executive admitted (perhaps off camera) that the governments argument was wrong because BP had more money than they knew what to do with. Which suggests that the BP investment (& probably Shell as well) in the 'green' future is relatively low & manageable.
The engineering & financial risks in drilling new offshore oil & gas is huge compared to the relatively benign engineering tasks of erecting wind turbines near shore.
The 'greenwashing' is on the size of their investment - which is not huge by their standards - and the fallacy that they need huge profits because they are facing huge risk in their 'green' investment, which I don't believe is true.

"The price of oil obviously bares a relationship to the investment risk."
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Slickmongoose, As far as I'm aware the investment in new oil development/fields is hostorically low for the big oilers.....why should they, oil use is supposed to be declining over the next decade(s) and they aren't able to get the same level of investment from banks as before. They are utilising existing facilities to meet demand. And that infrastructure doesn't carry the same investment risk as new assets....so they aren't investing, which is at odds with the Tory claim that a windfall tax on energy companies would deter investment. They are instead raking in the cash, driving down their debt to historic lows and obviously paying good dividends (great for investors). Very low levels of new investment - relative to their assets & profits - in the low carbon technologies & infrastructure of the future. I believe they call it greenwashing.

"Oil companies don't control the price of oil. This is the most basic economics."
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But equally they benefit from a high price of oil, which bears no relationship to their investment risk. They are just watching the cash pour in. Whilst everyone else suffers by the impact of high oil prices. So why not tax some of those excess profits to lower the burden on the most vulnerable in society?
There is also the totally unproven theory that petrol prices at the pump rise very quickly with increases in the price of a barrel but fall very slowly when oil per barrel costs fall.

I now have a pizza ordered, gripping stuff. Blue watee on tap!

We all knew it would be a car crash of a Premiership but even Crispin Odey wouldn't have gambled on her screwing up so spectacularly....it is phenomenal achievement. Big questions is will 'Trussonomics' even make it into the Oxford English dictionary?!....and if it does what will be the definition....reference 'Cluster Fcnk'