RE: Re:RNS5 Jul 2023 20:02
i’m not as learned as du, i’m a simple forecourt pump attendant ( and now that most petrol stations are self-serve, i’m a bit underemployed ( we were never able to unionize)). any way, i pretend not to understand politics, since enoch powell, none of it has made any sense. du has pointed out his perceptions of the errors of paying feckless individuals to support their lifestyle ( if you can call it lifestyle) . at least, i think that was the gist of what he was on about several weeks ago. but, and i think it’s a big but, the or a majority of the voting populace want or demand at the ballot box, what i’ll call socialism lite. this has been delivered in increasing dollops since early post ww2 ( mars bars cost 4d and guinness was good for you). so to pay for this governmental largesse (welfare state) the state needs tax revenue ( plus huge amounts of borrowing). where i’m getting to , at the same time as filling up a rich bloke’s gas guzzler, is that government’s need tax. the conundrum is what to tax and at what rate. this, in my limited understanding, is a huge balancing act; tax ***s and booze too much and the money to pay for the lung cancer and cirrhosis treatments dries up. tax the oil industry ‘too much’ and the government might please a few (or lots) of greenies, you loose a few jobs and the necessary oil can still be imported from despotic regimes over the horizon. my friend keith down the pub reckons that the government have a computer that works out what he calls ‘ the swings and roundabouts’ of taxing x versus y.
i’m a jog shareholder, all the money i won at bingo i’ve invested in jog and i’ve got a lucky pencil for bingo.
i wouldn’t want to be chancellor of the exchequer ( wouldn’t mind a bash at pm abut after the way they treated boriz, i’m having 2nd thoughts).
my point is, if after a few glasses of white lightening i can remember what i’m trying to say, hunt either taxes the oil industry or something else. we might prefer it if he taxed e.g. children’s clothes and coca cola , nail extensions, tattoos , junk ‘food’, dog food, … but the bbc would not accept this.
i personally do not therefore totally attribute jog’s current share price travails to the right honourable sunak and hunt, as unwise or unfavourable as some of their policies may seem. i would rather suggest that jog management should be doing more on investor relations- the politics are the politics, the economic and fiscal environment is what it is. if there are $s to be made, get out there and make sure the investment community knows about it. this , to me, is investor relations 101. come on signir benitez, do your job!
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