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Morning Bros.

No point beating yourself up over migration. The die is cast.

Much more unverified migration and higher taxes to pay for it. Shortages of many services on the horizon..

Now our friend across the ponds steam train is heading straight for the buffers..Soft uptake on latest bond auction of dollars and the coupon rate goes up as a result...

https://www.nasdaq.com/articles/treasuries-see-further-downside-after-disappointing-thirty-year-bond-auction

Morning Bros..

Little ripple in the gold market yesterday.. Trump need to tread very careful. As leader of a declining empire expect a lot of toys to be thrown out the pram.

China and the rest of Brics are busy with work arounds.

Interesting China now working on the next generation Maglev train that can travel faster than a 737...

Libya in the news re setting up next migrant crisis with Mr Putin. Well nothing new there migrants been weaponized as an economic weapon for quite a while now...

Re WW2... Not just the pilots, aircrew took a heavy toll. Many sent on missions they knew they were unlikely to return from... All that sacrifice for what?

In 2023.

New economic Foundation said this..

"14 November 2023

The government could save £55bn over the next five years if it limits the amount of money the Bank of England pays interest on to commercial banks, according to new analysis from the New Economics Foundation. The Treasury will pay out over £150bn to the Bank of England to fund its payments to the banking sector by 2028, this on top of the £30bn already paid out in 2023. This is a result of the Bank of England paying interest on all central bank reserves, including the £875bn created through quantitative easing (QE)"..

Well we will just have to wait and see...

Drum beast getting louder on this one. what happen we will find out but in many ways its

Mr Simpleton

Respect.

So say we has 700,000 new arrivals.

How many new hospitals, schools, police stations, jail places, houses, power plants etc etc would we need to support that without affecting current services..?

Morning Bros..

One word on foreign nationals committing crimes... Albania...

So the black hole getting bigger, what that mean who know... Mrs Reeve soon be giving the piggy banks a shake. Could be double whammy.. Windfall tax on banks been muted but also reducing the interest paid on the reserves held by banks with BoE..

In mean time Mr Trump shooting at anything that moves including his so called allies.. Going to end in disaster for USA in my view..

Morning Bros.

So far big thumb up from the market and in the end is all that count...

Morning Bros

STP..

Respect .

You raise an interesting point for discussion.

I will say this no fan of Mr Corbyn and I was surprised to see Professor Richard Wolff raising this just the other day. He is a clever man..

Certainly time the old two party system was laid to rest but Mr Corbyn. Is a big ask..

Anyhow this is his take..

"Today's Wolff Responds, Professor Wolff discusses the importance of the new Left leaning political party in the United Kingdom started by Jeremy Corbyn and Zarah Sultana and what its response tells us about the global shift in what is possible politically for the working class."..

https://www.youtube.com/watch?v=YOI4kELhfOg

Evening Bros..

You can follow the supreme court ruling here.

"LIVE: Supreme Court ruling on car finance which could see millions owed compensation | ITV News"

https://www.youtube.com/watch?v=qgJc715LjhM

Afternoon Bros..

Motor finance is a easy bullet to dodge.. But As I have said before our "friend" Mr Trump causing a bit of a ruck with his tariffs to say the least. Tell you not going to end well this one... So what to do?...

Telling India not to buy Russian oil, telling Canada not to recognize Palestine... Looking like they need to find his nurse asap. Switzerland also in the firing line they never expected that one to be so harsh...

Bit of a break.. Some music played by musicians around the globe coming together.. There is hope still out there

"​I Still Haven’t Found What I’m Looking For"... A message to relatives of missing people...

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

For sure this is one to keep an eye on..

Follow the money.. But to my own mind looks too little to late.. Where the power to run some of this going to come from..?

https://www.nationalwealthfund.org.uk/about-us/our-strategy

"We will commit at least £5.8bn in five clean energy and advanced manufacturing sub-sectors over this parliament: CCUS, gigafactories and electric vehicle supply chains, hydrogen, steel, and ports & their supply chains.

Our activity in sectors such as advanced manufacturing and digital and technologies can also have an active role in supporting dual-use technologies to support the UK’s defence and security. We will explore our role further in partnership with government as we develop our strategy"..

I think that the CCUS are carbon capture..

Mr wanderington

Respect

Reposting important economic data is not toxic..

But feel free to counter any "negative" news with your own... Tell you this you may struggle to find it...

Mr Harddown

For sure we know that what Mr Orwell write was a warning. This Govt seem to be using it as a blue print and in some ways go beyond Mr Orwell he thought.

Windrush reinterpreted also seem to be a blue print...

Now the next question is whose economic policy they follow..? Greek government pre debt crisis....??

Mission creep...

What our own Govt says....

"The processing of personal data is necessary for the performance of a task carried out in the public interest or in the exercise of official authority vested in the data controller. In this case that is social media and search monitoring, carried out to find, assess, and address potentially harmful dis- and mis-information.

https://www.gov.uk/government/publications/privacy-notice-social-and-digital-media-analysis/privacy-notice-social-and-digital-media-analysis

What Mr Orwell he says....

"The Ministry of Truth

In George Orwell’s dystopian novel, Nineteen Eighty-Four, there is a ‘Ministry of Truth’ which is responsible for propaganda, historical revisionism, culture and entertainment. Of course, as with the other ministries in ‘Oceania’, the name is a misnomer as the Ministry’s main purpose is misinformation and falsifying historical events so that they agree with Big Brother – it's the place where lies are manufactured"....

Let play spot the difference...

Morning Bros.

For sure delays and problems go with the territory in this line of business...Is frustrating but long term looking positive imo...

Morning Bros.

Mr Gate

Respect...

For sure the economy in a deteriorating state. I cannot think of one respected body that says otherwise. STP he still not with the programme yet...

Even IMF saying Uk must act... Plenty of advice out there. Interesting article in Telegraph yesterday on what I was saying a few weeks back re the turn around of Argentinas economy and lessons Uk could learn.. Again plenty of advice but fall on deaf ears...

Closer to home imo HSBCs figures disappointing to say the least...

Well this come as no surprise... MCap ( 10.51B GBP )

"Shareholders in Wise PLC on Monday backed plans to shift the fintech’s primary listing from London to New York.

The money transfer company said all special resolutions were passed at an extraordinary general meeting on Monday"...

LeeRex

Respect.

There is a thing was just reading that RNS from AUTO...

Looking like people not buying new. Leave that to motab and job perks..

"Auto Trader said there was a surge in demand for used cars aged five to 10 years.

It predicted that by the end of the year there will be 10.1 million of these cars on UK roads, up from 8.7 million in 2017.

Vehicles at least a decade old are expected to make up 26% of the 32.8 million cars licensed in the UK, compared with 23% in 2019.

So transition to EV not going so well and who suprised?

My Own view is EV not a priority. Ramping up the grid for AI is.....

Morning Bros..

Lloyds car finance potential liability is a concern that is for sure and may trigger contagion in the regard of other areas where finance purchases have been made.

However this not my main concern as this risk can be simply averted by a bit of the derisking...You know what I am saying.

Of more concern is the way the economy is being handled and the relentless push for mass immigration. Both these huge risks which we has no control over.

Another potential libility is the amount of USA treasury debt the Uk hold. China we know sell of over $700bn , But Uk not do so what the problem..

Well since Mr Trump he been in power dollar lost 8-10% of its value and along with that go the value of the debt.

In May was reported..

16 May 2025 21:40

The UK now holds $779.3 billion in US Treasurys, pushing past China’s $759.0 billion and taking second place among foreign holders of American government debt"...

Afternoon Bros.

I would have to say as I see it. The market hasn't priced in the full scale of the risk.

Now our friend Mrs Reeves she says a funny thing in the week about retrospective legislation to limit damages.. Be a bit controversial that one Mrs Reeves.

Also how do we see that?

Is she thinking judgement against banks a done deal? Could be seen that way...

What do the wiser heads on this BB think?

Morning Bros..

My own view on this one was that without a safe , reliable and cost effective long term solution to storing excess supply and feeding back in when demand outstripped supply the green agenda was always going to underachieve.. The penny looking like it has dropped so lets see which solution they are wanting to back... I put my own money is on this one a while back and so far so good, but as with most thing in life nothing certain but in the interim fingers xx'd