Member Info for Gunsup

Mr LeeRex

"this country will rue the moment Burnham took over"..

For sure the hard working and the prudent need to be very afraid.

In the last line of the Who song won't get fooled again. Is the line "meet the new boss same as the old boss".. Looks like we have been fooled again only this time will be worse..

I thought I would give HMRC a ring to get a copy of the BBIS statement they hold. Just to cross reference it against my own records. First two people I spoke with they said this. yes is possible but we need to pass you onto someone else. third person she say not possible... All seem a bit like no one know what they are doing...

Morning Bros.

Linda T .

Respect

As far as we know that tax is on interest, Many stockbroker accounts do not pay interest..

But what more important is the direction of travel. First time anything in an ISA wrapper subject to tax.. Is a worry trend that is for sure..

Other news

In July... A new Hong Kong-based gold-clearing system will launch in July as part of the Chinese Special Administrative Region’s (HKSAR) push to become a global gold trading hub.

I tell you 400 ounce bars already on the move...

Private credit... Well we spoke about this one .. Ummh..

MFS as we mention a while back. If I read that one correctly. In simple terms. MFS lent money on short to basis that maybe the banks wouldn't using banks money? Cannot get my head around that but the unshop was big write downs for the likes of Barc (£228 million), HSBA ($400million) , Santander (£200million)..

Morning Bros..

Mr Boom respect.

No bubble for you . If you have prepared ( savings rainy day monies etc) then you will not have a big problem. However is some that haven't and some that no matter how they prepare will be affected in one ways or another, tend to be low or fixed income and businesses with exposure to consumer sentiment, energy costs etc etc.. Of course we has the winner and as always we follow the money and defence sector experiencing a BOOM time.

So Lloyds only a very limited snapshot of the state of the Uk. BTG look much deeper. Next report due soon with this one but in Jan they reported.

" In Q1 2026, the number of UK businesses in 'critical' financial distress increased more than a third (36.9%) year-on-year to 62,193 (Q1 2025: 45,416) Sectors listed in report.

https://www.btguk.com/news/critical-financial-distress-leaps-by-a-third-in-q1-2026

Be in no doubt the dominoes they still falling.

Total UK credit card debt estimate, set to hit £79 billion by December 2026. 19.3billion in interest payments. 82% of credit card balances are not currently consolidated so a lot of juggling going on..

In financial sector one of latest problem was Collapse of London based MFS.. "The firm had roughly £2 billion of institutional funding lines and a loan book that reportedly peaked at about £2.4 billion. Major institutions, including Barclays, Jefferies, and Apollo-backed Atlas SP, are understood to have material exposure".

CNBC "Why a small UK lender has major U.S. credit firms on edge"...

https://www.cnbc.com/2026/05/18/mfs-private-credit-insolvency-banks-failure-collapse-barclays-mortgage.html

Still on the bright note.

Govt new recycling rules in play under the banner simpler recycling...

https://www.gov.uk/guidance/simpler-recycling-household-recycling-in-england

Very confusing but at least former PMs not included in what must be recycled. So when Starmer go a new face appear on the block, Still we all know who that one going to be. Good or bad you decide my own view. The socialism is strong in that one, be very afraid...

Evening bros

Mr Robert

Respect but I think you can sleep sound with that one.. Now as I understand this and obvious look yourself ING , Allied Irish Banks (AIB) and the Chinese state-owned Bank of China and Industrial and Commercial Bank of China (ICBC) that a different matter.

Bear in mind this one also.

Thames Water’s parent company, Kemble Water Finance. This one I undertsand is owned by: is owned by the Canadian pension fund Omers, Britain’s Universities Superannuation Scheme, Infinity Investments - which is owned by Abu Dhabi’s sovereign wealth fund - British Columbia Investment Management Corporation, UK-based investor Hermes GPE, sovereign wealth fund China Investment Corporation, the Queensland Investment Corporation, Aquila GP and Dutch pension fund Stichting Pensioenfonds Zorg en Welzijn

For sure is a mess and Parliament as they say having a good old chin wag about this today..

Morning Bros

STP respect..

Problems at Vistry go beyond a bit of price cutting : "Vistry has offered staff voluntary redundancy as the partnerships house builder steps up efforts to preserve cash and cut debt"... So who said there was a labour shortage...?

Ah yes Japan. well as predicted they raised the rate to 1%. This one may not seem a lot but is highest since 1995. Now let see what happen.

As we was thinking........European Central Bank raised interest rates by 25 basis points

Mr Simple

Respect

" 'taketh away' to balance the books is now in charge". "fiscal tightening is underway and targeted support is restricted to a small proportion of the population through means testing and dire need"..

Despite the record tax levels the dial has hardly moved.. So how do you square the uncapping of child benefit which cost £3bn at a time when defence should be the priority?

We have covered this before but clear its not sinking in....

The centre for social justice figures

"Three-child family in work needs £71,000 a year before tax to match equivalent jobless family – post Budget research"

Have to be quick.

Mr Simple

Respect.

When you talking the Net borrowing you has to include tax receipts... Which have been soaring and help disguise the true spending figures.

Receipts as a proportion of GDP over the last 20 years have grown from 28.7% in 2006 to 2007, to 30.7% in 2025 to 2026.

Annual receipts over the last 20 years have grown from £428.6 billion in 2006 to 2007, to £938.8 billion in 2025 to 2026

Receipts fell to £584.2 billion in 2020 to 2021, due to the economic impact of the COVID-19 pandemic .

Morning Bros.

Mr Anthony.

PM all we can say is demand for silver has skyrocketed and Gold has become no.1 reserve asset. Price always been manipulated but eventually it will find its true level. Mr Buffet a very wise man indeed never liked PM as they never paid a dividend etc but as we know it has been around a long time .

Myself and Mr Chip very keen..

My cash position is high and as yet not sure how to deploy that.. In interim I will watch and wait.

Today ECB decision is due to be announced at 13:15 BST. My guess a 25bps hike .... US likley to follow and will the Uk do the same or become an outlier?

Evening Bros.

Mr Trouble

Respect

Like a moth as they say to the flame yes that was 11 months ago. Good job I didn't mention the £6 billion which will be invested as International Climate Finance to support countries and communities on the frontline of the climate crisis bolstered by an additional £6.7 billion in UK-backed climate and nature positive investments !!! whatever that mean which was announced 19th March 2026. Even worse is we is borrowing that money to give away..!!

Labour so out of touch with what is happening in Uk is embarrassing.

In the other news day 104 of Trumps 4 week campaign looking like there going to be an uptick in hostilities.. Interest rate looking baked in as inflation up to 4.2%

Still his"plan " helping China who cannot produce off shore drill rigs fast enough with Brazil and Africa ramping up output.. Solar wind also seeing surge in demand..

I'll leave with the reassurance Uk economy must doing well as Mr Lammy pledges £70 million to help with clean energy projects in the Singapore..

Still Singapore need the cash it only ranks 4th globally in GDP per capita and contribute a massive 0.15% of global carbon emissions as of 2022. !!! No is not April 1st again !!!

Mr Trouble

https://www.gov.uk/government/organisations/home-office/about

"The first duty of the government is to keep citizens safe and the country secure".

How many of those things on the list are being .. Lets say this.. actually achieved?

Mr Trouble

When Govt fails its own people history has a nasty way of repeating itself. Lets hope things calm down.. Ireland does have form though . Your view?

Time for a bit of chill before I have to dash..

Not really my bag but who can argue against the artistry of such skilled football players as this one..

https://www.youtube.com/watch?v=r799U_-jAnk

Mr STP

Respect

The decision to buy Space X stock is a bit irrelevant. It is the effect of Mega cap offerings, the terms under which the offerings are made and what follows that is important..

Harry farm give a good insight into all aspects of Uk farming...

Now future bank takes? Mr Burham be up for that I would say...After all Uk Govt desperate for cash.

Night of trouble in Belfast need to be contained... Govt is on notice that it turning UK into the powder keg...

Morning Bros.

Poor weather?

Well down on UK Harrys farm he lovin it...

"More Net Zero madness from Miliband & harvest 2026 could be one of the best ever"...

https://www.youtube.com/watch?v=BaUyKvDbZu4

So Mr LeeRex

What you say about Mr Murphys latest posting...?

"Should banks pay more tax for the privileges, profits, power, and public support we give them"?

https://www.youtube.com/watch?v=5AyclyS9yVA

I will say Building society not helping the cause with Dame Debbie Crosbie pay rise to circa £4.7m...

USA still bombing its way to peace...

Space X 10,9,8,7,6,5,4,3,2......

Evening Bros..

Mr Bird

Respect

let me shorten that for you..

"The supreme art of war is to subdue the enemy without fighting."

Sun Tzu

Mr Skier

Respect

"We're living through the safest period ever in a million years of worldwide human history"..

Not sure of where you get that from but a simple Wiki check shows we are getting "better" at killing people..

"Averaging the death ranges, the total for the wars listed is about 570 million, of them 58 million for 500 BC – AD 500, 117 million for AD 500 – 1700, and 396 million for 1700 – 2023.[1]

We are all feeling the effects of conflict in one form or anther. One of its biggest effects is mass migration. millions are now on the move..

Morning Bros

Mr STP

Respect

looking like both attack hounds off their leash. Trump looking more and more like a bit player..

Zelensky in London yesterday with Macron and Merz. The gathering of the war mongers so that going to cost us...Still never a shortage of money for the wars..

Inflation in USA and the jobs market looking like 80% chance of at least one rate hike... Will Uk follow suit? Uk Govt keeping prices at the pumps high and that a key driver of inflation...

Going to be an interesting day on the FTSE ...

Mr Ll

gl