Member Info for BlueGlow

Hi James,

You are welcome, the more that can be done to highlight what they are doing to farmers the better.

Its disgusting imo.

Protecting farmers is protecting the countryside, to say nothing of food security.

"Carbon tax on fertiliser due to hit farms and food prices.

The fertiliser sector has warned of a severe impact if the government moves forward with plans to implement a hefty carbon tax on fertiliser from 1 January 2027.

Industry sources have suggested the tax would see fertiliser costs increase by a minimum of £50/t.

Lord Fuller, chairman of Brineflow, a major liquid fertiliser importer, expressed his disbelief: “This is a £150 million raid on farmers.

Fuller pointed out that small family farms will be especially hard-hit, with little chance of passing on these new costs through grain sales, given the global market pressures."

https://www.fwi.co.uk/business/markets-and-trends/input-prices/carbon-tax-on-fertiliser-due-to-hit-farms-and-food-prices

"Whilst inheritance tax has dominated the headlines, it has emerged that double-cab pickups, often used by farmers and gamekeepers, will no longer be treated as commercial vehicles.

The change, effective from April 2025, could increase the tax burden on a typical double-cab pickup by as much as 211%, according to Countryside Alliance."

https://www.farmersguide.co.uk/business/stealth-tax-on-pickup-trucks-buried-in-autumn-budget/

Hi Trek,

Thanks for sharing.

Exciting :)

"According to the CLA’s analysis of model arable farms, a typical 200-acre farm owned by an individual with an expected annual profit of £27,300 would face an IHT liability of £370,000. If spread over a period of ten years, this would require the farm to allocate 136% of its profit each year to cover the tax bill. To meet this bill, successors could be compelled to sell 16% of their land.

Similarly, a 350-acre arable farm owned between a couple in the way the Chancellor expects to be possible with an expected annual profit of £47,780 would face an IHT liability of £475,000, amounting to 99% of its profit each year over a decade."

https://www.cla.org.uk/news/family-farm-tax-could-leave-hard-pressed-farmers-paying-tax-bills-that-wipe-out-their-annual-profits/

Hi Bob,

Hope it's ok if i use Bob.

Yeah, i am familiar with the interview, and that section in particular.

For me at least, it provides more questions than answers.

The equipment was available to test, on site and ready to go. It was initially indicated via RNS, that testing would be expanded after the disappointing (inconclusive) result from TGB-6 and MA sands.

Paul has previously signaled that he expects even greater difficulty establishing flow from MOU1, at least in part due to the length of time since the well was drilled. Perhaps he is of the opinion that there is little point trying to establish flow from MOU1 at this stage, given the difficulty encountered at what was supposed to be the "soft target" - MOU3.

Nevertheless, MOU1 was previously guided to take just a couple of weeks or so to comprehensively test.

If no further activity occurs in Morocco prior to drilling MOU5, the SP is put at huge risk imo. We had the equipment there to use. Other targets at MOU3, MOU1, and MOU4 all await testing. This is specifically what the company raised £10 million for, to move away from the boom or bust drilling lottery and associated dilution cycle.

Having failed to establish flow from the "middle sands" at MOU3, and considering it took the company many months to get the equipment and personnel on site, why then has the testing programme not been expanded, as was previously suggested - whilst everything was available to do so?

Plenty of other targets to investigate, and not just at MOU3.

Paul seems instead to have chosen to do nothing as regards testing until mid-Q1, when he hopes to acquire a swabbing unit from ONHYM to try to establish flow at the same location.

If Paul is unable to establish a commercially viable discovery at either 1, 3 or 4 prior to drilling MOU5, the total destruction of the SP rides on a very low CoS drill.

That drill has been independently assessed to have just a 12% chance of success. Whilst the company thinks the odds of a "hit" are somewhat better, it has failed to provide any evidence as to why, and seem unwilling to put that theory to the test, via the JC at MOU4.

"The UK government borrowed more than expected in October as debt interest payments pushed the public finances deeper into the red.

Borrowing rose to £17.4bn last month, despite a rise in inheritance tax receipts.

Monthly central government debt interest rose to £9.1bn – the highest October figure on record."

More than 80 chief executives wrote to Ms Reeves last weekend warning that the sector faced £7bn in increased costs, making job losses and price rises inevitable.

"The chief executive of John Lewis has accused Rachel Reeves of launching a “two-handed” tax grab on retailers, as the company joined the growing backlash over the Chancellor’s Budget.

Nish Kankiwala said John Lewis is facing increased employment costs and a higher business rates bill following the Budget, which risks hampering the retailer’s turnaround.

“That seems to be sort of two-handed grab, and that’s unhelpful,” he told the Financial Times."

How are businesses expected to grow under such conditions?

"Winter fuel payment cuts may force 100,000 pensioners ‘below poverty line’"

https://www.theguardian.com/society/2024/nov/19/winter-fuel-payment-cuts-may-force-100000-pensioners-below-poverty-line

PortfolioPower,

Yeah, i do know it, and yeah its always worth another listen, lol.

Very funny :)

Hey kenny,

Really good videos.

The lady in particular spoke with such passion in the first.

Why do we appear to have a better organised country in 1943? Lucky them having a local post office, lol.

Former Labour aide Mr McTernan has said he is "personally in favour" of doing to farmers "what Margaret Thatcher did to the miners" and "close down an industry".

Adding, "This is an industry we can do without".

https://news.sky.com/story/ex-labour-adviser-john-mcternan-suggests-doing-to-farms-what-thatcher-did-to-coal-mines-13253094

Clarkson addresses the farmers rally in London.

https://youtu.be/hgqKOUJby6g?t=334

Hi HH88,

Reeves lying about being an economist? It wouldn't surprise me.

Take a look at this nonsense!

"Commons leader said winter fuel cuts prevented run on currency" (lol)

https://www.bloomberg.com/news/articles/2024-09-01/uk-risked-run-on-pound-if-fuel-subsidy-had-stayed-labour-says

They were claiming that unless the winter fuel payment was cut there would be a Truss-esque crash, precipitating a run on the pound with interest rates rocketing. Who do they think they are kidding?

It's around £1.2 billion or something of that order! They are dishing out 10 times that of their own accord on anything that takes their fancy.

But o no, it's the pensioners risking a run on the pound.

Michael Brown, a strategist at Pepperstone Ltd described the Gov claim as "absolute nonsense".

Today's line is the farmers have to pay for the NHS or its going to collapse, as though the public are unaware that they are simultaneously stuffing cash hand over fist into their ideological vanity projects - but its the farmers that must pay.

Never mind economics, they have a problem with counting. .

BoE, Andrew Bailey: NICs "likely to involve higher prices, lower wages and some job cuts."

Agrees with BRC, re the impact on employment.

"Large UK retailers including Tesco, Boots, Marks & Spencer and Next have written to Rachel Reeves to say that a £7bn increase in annual costs after last month’s budget would lead to job cuts and higher prices."

Bailey suggests "that the budget could either be inflationary, if firms push up prices, or deflationary, if they make lower wage rises and increase job cuts."

Atlantic Lithium, bouncing off a year low.

UFO, back on a low.

ARCM, 1.30 / 1.35 - on a year low or thereabouts.

TXP, can buy under 30.

Hey dia2belts,

£10 million, pin-cushion it, though that will involve going slightly deeper too.

Did they drill overbalanced? Cant find any reference in the Ops updates.

"Greek-British energy company Energean plans to withdraw from the Moroccan offshore gas project in the Anchois field, after drilling results fell short of expectations. Despite the investments made, tests revealed insufficient quantities of gas to justify continued operations in this area. Energean now favors focusing on more promising projects in the Eastern Mediterranean."

https://fr.hespress.com/394993-energean-se-retire-du-champ-danchois-des-resultats-de-forage-en-deca-des-attentes.html