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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

Mr 88

Respect.

TBh I don't know what to make of this one... The way the IPO has been set up? Looks like a quick buck for many. But it has implications.

How you value such a company again old book out the window . Morningstar valuation no where near its pacing and Michael Burry ( big short) , in a Substack post over the weekend, wrote that there was “nothing” in SpaceX’s IPO filing to suggest the company is worth $1 trillion, “let alone $2 trillion.”

Forbes 04/06/2026

"S&P Dow Jones Indices on Thursday announced it would not shorten its 12-month waiting period for newly public companies or waive existing profitability requirements to list on the S&P 500, preventing a fast-track for SpaceX to feature on the index. That will delay the company’s listing and prevent SpaceX’s stock from benefiting from additional investments from funds tracking the S&P 500. An earlier inclusion would have added $14 billion in passive buying for SpaceX’s stock, Bloomberg reported"....

But like you wisely point out.

These are interesting times.... This has certainly ruffled a few feathers...

So what Bloomberg say....

"SpaceX’s IPO Forces Wall Street to Reorganize Around It

The company’s ambitious listing plan is set to clear the way for other mega-offerings. It also risks threatening the integrity of the market itself"

I think myself that this centred around this mega cap “Mega-Cap Exception.” and the Nasdaq-100 also has no seasoning requirement..

Forbes has an excelled breakdown of why this listing is a game changer for existing markets ...

https://www.forbes.com/sites/investor-hub/article/spacex-ipo-things-to-know/

Mr Troajan

Germany has a far bigger industrial capacity and is looking to repurpose its factories to reverse the declining car industry..

Now the big one any thoughts on Space X IPO and the way that is being run?

Mr 88

Respect

Starmer predicting war by 2030... Could be much sooner than that and who going to pay? War Bonds ?

One point I missed. We have Space IPO on 12th " $75 billion raise at a $1.75 trillion valuation – which would be the largest IPO in stock market history"..

Going to pull plenty of funds from other investments...

Morning Bros

Mr Troajan

Respect

Nasdaq down 4% and 10Yr US treasury back over 4.5%

So what you think the reason?.

Plenty of data to be digesting...

Gold now top reserve asset.. Now when was the last time we saw this ..1971? The end of Breton woods.

Hedge fund giant D E Shaw...Extending its time investors have to exit its funds to 4 years. Now when the last tie we see something like this,, 2008 maybe..

https://za.investing.com/news/stock-market-news/de-shaw-extends-investor-exit-time-to-four-years-for-flagship-fund--bloomberg-93CH-4313346

Germany promising big on its war spending... But over the past four years, around 47,000 contracts for the purchase of German armaments have been signed, equivalent to roughly 30 agreements per day.

However and this it seem is a problem, neither parliament nor the public has received an answer as to where the €111 billion was actually spent.

Uk similar... Where the almost £22bn to Ukraine gone before we get into other contracts.. Plus will the Uk increase its defence spending. Mr Starmer already citing the migratory costs...