Member Info for Darth.Trader

Skier and blootin had been banging on about Trump, the dealmaker, patting him in the back for every thing he said or did and know they are both stating Trade deals mean nowt....hypocrites

DYOR

MVarawa, yes i know i was being as contracdictive as Blootin....lol.

DYOR

Aldebaran, risk attached? but you stated it was certain. I always trade using TA, however the looming court decisions may well upset the party here, if so, this will drop faster and further than whale carp….

DYOR

One thing is for certain is that if the UK Supreme Court outcome is negative then hey...

DYOR

The UK Supreme Court outcome could significantly impact both the financial industry and consumers, potentially leading to compensation payouts reminiscent of the Payment Protection Insurance (PPI) scandal.

Estimates suggest that up to 40% of car finance agreements involved discretionary commission arrangements (DCAs), where brokers had the discretion to set interest rates, often leading to higher costs for consumers. If the Supreme Court upholds the previous Court of Appeal ruling, these agreements could be deemed unfair, making them eligible for compensation.

The financial ramifications are substantial. Compensation estimates range from £8 billion to £44 billion, depending on the scope of the ruling. This range reflects the uncertainty surrounding the percentage of agreements that may be affected and the average compensation per consumer.

The Supreme Court's decision is expected by July 2025. Following the ruling, the Financial Conduct Authority (FCA) will determine whether to implement a formal redress scheme. In the interim, consumers who suspect they were affected by undisclosed commissions can file complaints with their lenders or escalate the issue to the Financial Ombudsman Service.

DYOR

Brexit has had a significant economic impact on the UK, with various studies and reports quantifying its costs across multiple dimensions:

GDP Reduction: Estimates suggest that Brexit has reduced the UK's GDP by approximately 4% compared to a scenario where the UK remained in the EU. This equates to around £100 billion in lost output annually.

Public Finances: The Office for Budget Responsibility (OBR) has projected a long-term reduction in UK trade by 15% due to Brexit, which in turn affects tax revenues and public spending capacity.

Export Decline: UK goods exports to the EU have decreased by approximately 27% between 2021 and 2023.

Trade Agreements: The Trade and Cooperation Agreement (TCA) led to a reduction in total goods exports from the UK by an estimated £27 billion (or 6.4%) in 2022, primarily due to a 13.2% fall in the value of goods exported to the EU.

Job Losses: Brexit has been associated with nearly two million fewer jobs across the UK, with London's financial sector particularly affected, losing thousands of jobs and experiencing reduced output and tax contributions.

Brexit Divorce Bill: The UK agreed to a financial settlement with the EU, commonly referred to as the "Brexit divorce bill," amounting to £30.2 billion. As of December 2023, the UK had paid £23.8 billion, with the remaining £6.4 billion scheduled for payment by 2065.

DYOR

Says Bank of England official.

https://www.telegraph.co.uk/business/2025/05/20/interest-rates-ftse-100-inflation-markets-latest-news-uk/?msockid=0eb119bd33f26755300a0dba32126639

DYOR

Blootin "Skier excellent post. Trade deals are mostly scams to allow the political class to skim money."

so all the carp you had posted about trade deals, is exactly that...carp.

D...

Markets seem to like the "art of persuasion" coming out of No10...

DYOR

"4 years from now the Labour party will disappear. Good riddance."

they said that about the Tory's first term, when they got into bed with Libdems.....

D...

Chips "Jesus I have been waiting a long time for it :}"

they will be most displeased, in the village , with your choice of words...

D...

20MA & 50MA crossed the 200MA back in Jan & Feb....Do try and keep up Chips..

D..

20MA about to cross 200MA, on the monthly..

D...

No golden cross....

Darth

😂👀😂👀😂👀😂

Nurse, get the guys, it's chicken walk for this one...

D..

Extra chromosome and drinking, thats bad parenting in anyones village...

B👀

WW, not sure I'd like life in her village, plus think she's got an extra chromosome...

DYOR

Mrs Chips " As stated the other day i am not religious or place myself in any group"

Clear you are and you do... Hypocrite.

Love & light

Darth

Chips, 😂😂, stop it, please, 😂😂...

DYOR

KCE32, well all Starmer has to do is get his spin doctor to say... Starmer builds fishing boats out old crates. And it'll be fine..

DYOR