Member Info for Darth.Trader

"Forecasting group Cornwall Insight said that under its new estimate, the cap on a typical household energy contract is expected to rise by 82% in October, taking average annual bills for gas and electricity to 3,582 pounds, due to soaring wholesale costs and changes in the way the cap is set.
https://www.reuters.com/world/uk/uk-energy-price-cap-seen-rising-above-4200-pounds-jan-analysts-2022-08-09/?taid=62f2385758b19d0001fa5f09&utm_campaign=trueAnthem:+Trending+Content&utm_medium=trueAnthem&utm_source=twitter

The cap is then expected to rise to 4,266 pounds a year in January, Cornwall said, compared with its previous forecast of 3,616 pounds".....

https://www.reuters.com/world/uk/uk-energy-price-cap-seen-rising-above-4200-pounds-jan-analysts-2022-08-09/?taid=62f2385758b19d0001fa5f09&utm_campaign=trueAnthem:+Trending+Content&utm_medium=trueAnthem&utm_source=twitter

whether these figures be estimated or not 75 - 100 quid a week is unimaginable and will certainly send millions of people over the edge. the Conservatives need to resume parliament asap, this is a national emergency by anyone's standards..
DYOR

fares worse than the EU and US’...
The Bank of England’s decision to further raise interest rates from 1.25 per cent to 1.75 per cent and its two-year predictions means bad news for investors and UK residents alike.

And the pain is far from over. A top City analyst expects this to further rise to 2.25 per cent in September.

Other than adjusting the interest rates to the accurate level to keep abreast of import inflation, the economic projections for the UK paint a bleak outlook for the next two years.

Read more; https://www.cityam.com/what-the-new-uk-interest-rates-mean-for-the-city-the-uk-fares-worse-than-the-eu-and-us/?utm_source=dlvr.it&utm_medium=twitter
DYOR

..is becoming an ‘emerging market country,’ analyst says...
https://www.cnbc.com/2022/08/09/britain-is-becoming-an-emerging-market-country-analyst-says.html?utm_term=Autofeed&utm_medium=Social&utm_content=Main&utm_source=Twitter#Echobox=1660041450

DYOR

Livestock "Some financial experts are saying the BoE will keep hiking rates and in 2023 interest rates will be at 3%, your 40% rise in share price will come"

when you consider that stocks look to the future then hey..! also UK Plc had the largest rate rise, that some had never witnessed before in a lifetime yet the SP didn't benefit from it....
DYOR

"War will come to final Phase ".

be careful how you word that "final phase"
Really want to believe that the ware will end but unfortunately it's looking more likely to escalate, US are upping the supplies, up to 10bln now, Iran suppling advanced drones, North Korea anyone...?

also I notice your tick list is getting shorter yet the SP is not advancing any faster..
DYOR

rules out immediate cost-of-living measures...

https://www.bbc.co.uk/news/uk-politics-62467987
DYOR

corretion ; I just think Labour need a new leader..

DYOR

Grayling you may well be correct, we could do with a change of guard. I just don't think Labour need a new leader..
It's looking like the Kinnock years, no matter what the Tories do they seem to get away with it.....

DYOR

and gilts as investors flee in biggest market collapse in decades.
Just under £300bn has been wiped off the value of UK corporate bonds since the start of this year following a major sell-off in the bond market in what is considered the biggest collapse in two decades.

In the first six months of this year, the total outstanding value of UK corporate bonds has fallen by 13.3% from £2.237 trillion to £1.940 trillion, a fall of £297.5 billion.

This compares to a fall of 3% for the FTSE100 over the same period, digital asset manager Collidr told City A.M. this morning.
https://www.cityam.com/staggering-298bn-wiped-off-uk-corporate-bonds-as-investors-flee-in-biggest-market-collapse-in-decades/
DYOR

""IG - 76% of clients lose money!""

well LTI has not lost a penny to date spreadbetting and he does on a regular basis....!
DYOR

IG - UKX 72% of client accounts are short on this market ...

DYOR

Mick-b yes i agree but the UK should have never relied upon cheap labor, the service sector, agriculture thrived on it....
People wonder why service and quality is quite poor in the UK......
DYOR

Mick-b

"Plenty of jobs 'THE BRITS REFUSE TO FILL" out there Mach"

hmmmm, according to Tories....

What is the real unemployment rate in UK?
There are more job vacancies than there are people officially classified as out of work and firms are paying signing-on bonuses to attract staff. What's more, as Boris Johnson said repeatedly at prime minister's questions last week, an unemployment rate of 3.7% is the lowest since 1974.......

DYOR

MD, With no alternative political opposition it will be worse than people think as well as longer than they think. I stated to friends and family when Steptoe could bot beat Theresa May that the next Labour leader to win a general election is probably still as Uni...
some way to go yet......2030 Maybe but I would not even pencil that in right now.
DYOR

so Turkey did a deal with Putin for energy, obviously Turkey do not consider being a part of a prestige club such as the EU hold much in the way of unity. Westminster signature required for projects in the Falkland's, oil, so UK can be self sufficient...going green, not anytime soon nothing but smoke and mirrors......

DYOR

MD, Is UK Plc in the toilet or not...?

DYOR

The problem is not as simple as - oh you didn't prepare so it's your fault. Some people simply can not afford what is being predicted 3k+ energy cost, hit with interest rate rise, inflation. Peoples circumstances change and lots of people will carping themselves at the very thought of more interest rate rises as well as increasing energy bills , 13% inflation all this will be very damaging to our economy....
DYOR

OLG, We are constantly reading on this Lloy BB that Lloy is the top, reliable indicator for the state, health if the UK ecomony.. Sp why wouldn't i be here, it's the epicentre is it not..

DYOR

actually Mumble1968 some of the material i posted had a fairy tale ending that rampers adore,,,shame you never got someone to read them out loud to you...
never mind onwards and downwards eh...
DYOR

MD, NiRP looked very likely at the time although i feel some will wish it did happen. i for one welcome interest rate rises as i am all in cash at present and looking to stow this away.. Since you are bring up a predictions can you please raise the predictions that the rampers had repeatedly posted, almost daily, that never ever materialised .. ?

DYOR