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Stage.

Respect

Not forget X (twitter) 586 million users worldwide.. Social media control is a very powerful tool.

But it may be better as the old saying go. Keep friends close but enemies closer....

But there is no doubt this one that he could change the way politics is run in the Uk forever. Good or bad thing depend whose side of the fence you are on..

Bloom

So problems...

Well is obvious Govt rake it in from petrol diesel sales. So how it make up the shortfall.

Given less parts to go wrong...Going to in the end affect parts suppliers and the garages..

Like everything there are plus and minus. But big push is reduce emissions, which must be a good thing?

Bloom

All I say is this..

ICE cars were great until emission regs ruined them...

With the EV once battery sorted then they become mainstream. Most running gear same. So electric better power train?

Regen on brakes means pads last 100K+. Electric motors many clocking over 400K miles.

Even the batteries can be good for 200K

Tesla looking at the 1 million miles battery.

In theory one car could last you a lifetime.

Season greeting to all fellow investors..

Bloom . Watch this space on the EV.. SS batteries all set to push EVs into the mainstream. ICE engine cars had their day. Too many problem with them.

Interesting to see Honda , Nissan pushing the panic button.

Chinese made cars like this or not are the future.... If in doubts ask a German..

So the Santa rally never appear.

So what our friend Mr Buffet he doing. As the action speak louder than the words.

Check this one out.

"Warren Buffett heads into 2025 with his biggest cash position in more than 30 years". $325bn or circa 30%..

I know a war chest when I see one..

Lets not forget is only money... The scenes in Germany this week very shocking and so it seem are some of the revelations...

Anyone else have a really bad week? I would say the guy on the UUS Gettysburg who pressed the button on the blue on blue shooting down one of their own f18 hornets...

Prime..

I know the rates up or down is the hammer in the tool box but how effective is it in the inflation control?

I would say the tax hike in the budget much more effective with inflation and will have a much quicker effect..

So my question on this one. Is cutting rates or cutting taxes a better way to rescue the economy...

Morning Bros...

Well the local councils they certainly do...As one example....

Westminster Council on the look out..

"London council to buy 232 properties for use as temporary accommodation as £139m added to fund"... Or around £600K a piece.

"Information relating to the properties, including their cost, has been restricted from the public on the grounds it is commercially sensitive"....

https://uk.news.yahoo.com/london-council-buy-232-properties-165358670.html

Chid..

Respect and apologies if Posted something similar to you...

Certainly a difficult situation to assess. What is always a worry is mission creep.....Martin Lewis for sure want this to go as far as is possible ...

88

Respect and it still costing the economy. Covid caused a big distortion ..A record 10.3 percent decline in GDP 2020 follow by rise of 8.6 percent in 2021...

Last big shock was the financial crisis... Ball in labour court with this one and Mr "No more boom and bust Brown"..

So what went on before and after...

Growth: The UK's economy grew 2% on average each year between 2000 and 2007, but only 0.6% on average each year from 2008 to 2019.

Per capita growth: The UK's economic growth per person has been slower than the US, the EU27, and Germany since the financial crisis.

88

No doubt the cost of the Covid at least that it was so mismanaged..

At least now we has the Diagnostic Accelerator.. Launched by Professor Dame Jenny Harries

Will be keeping the watchful eye out for Pathogen X, Mpox etc..

Simples.

You are turning into LTI that is for sure... He never wrong either..

Prime.

Respect..

Tory Govt over past 14yrs led us down the rabbit hole... 10yrs of austerity when the Tiger economies invested...

The next ( 4th ) Industrial revolution Ai be led by them unless the USA and the West get their act together...

STP..

Respect.... Lets take a look at the macro on this one.....

You not add that ..

Central government tax receipts saw an increase of £3.8bn compared to last year, with income tax contributing £1.6bn, corporation tax £1bn, and VAT £300m.

You know this one.. Reducing debt by cutting back on expenditure and increasing taxes won't hep the economy...

Net debt excluding public sector banks now stands at approximately 98.1 per cent of GDP, 1.2 percentage points higher than last year and still near the highest levels since the early 1960s.

There is always a reason Gilts have the high coupon...

Check this one out.

The long list just got longer... If leasing included. Push from 14.6 million car finance agreements to 25.9 milion...

https://bmmagazine.co.uk/news/car-finance-complaints-widened-to-cover-leasing-deals-giving-lenders-more-time-to-respond/

Simple

respect

UK household income

1.Main points

In financial year ending (FYE) 2023:

The proportion of people living in households receiving more in benefits than they paid in taxes decreased from 53.6% to 52.6%;

https://www.ons.gov.uk/peoplepopulationandcommunity/personalandhouseholdfinances/incomeandwealth/bulletins/theeffectsoftaxesandbenefitsonhouseholdincome/financialyearending2023

GATE

Is true that one. long term gilt coupon at 26yr high...

Back in the Lloyds BB House.

The Season greeting to everyone.

So what happening?

Lloyds new HQ in the South Wales 3,000 staff.

We had the Mr Jerome Powell speech. Not sure he really know how the Trump Govt going to play out. Imo likely to stoke up inflation if he does half what he is saying.

Labour not making the best start. Still most on this BB not be suprised at where we are with our own economy.

Still steaming towards Klaus Schwab Utopia of a Stakeholder Capitalism..

Musk bankrolling reform? Not a good thing in my book. Change the way politics is managed in the Uk forever.

Winter fuel allowance .. In many ways I would like to see people move away from state dependence. Was reported 52.6% of population get more from the state than they contribute. How long this go on?

Wind power new record this week at 22,243 megawatts or 54% of demand...

Jcb

Morning Bros..

To put that one in context.

USA 10 yr gilt 4.51

Germany 2.28

France 3.09

------------------------

Interesting the fine of £18.2m on Thames water for "unjustified dividends"...

New rules in Oct 2023 which allows regulator to take enforcement action against water companies that don’t link dividend payments to performance.

No wonder no one invest in the Uk... Might as well go the whole hog and just nationalize it...

Stagecoach.

You a wise man that is for sure and the seasons greetings to you.

Is a good question that one... The outlook for Uk economy not good imo.

Debt is soaring and public expenditure is out of control..

As an example some figure they quote expenditure on NHS now at £221bn. But ONS says even worse at

"Our provisional estimates are that UK healthcare expenditure was around £292 billion in 2023"..

https://www.ons.gov.uk/peoplepopulationandcommunity/healthandsocialcare/healthcaresystem/bulletins/ukhealthaccounts/2022and2023

Is a lot of money that one..

But Govt and the BoE also at it.....

Central government debt interest : £78.2bn

Local government debt interest : £0.9bn

Public corporation debt interest : £0.5bn

Bank of England : £23.9bn

Public sector pensions : £17.4bn

TOTAL : £121.1bn

[Source: HM Treasury, data tables accessed 07 Dec 2024.]

Then we has the one that is soaring. yes not the biggest sum of money.. But.

The Top fastest-growing areas of public spending in the financial year 2023/4

Policing immigration and citizenship : 832.9%

Foreign military aid : 429.8%

Social protection - unidentified expenditure : 193.5%

[Source: HM Treasury, data tables accessed 07 Dec 2024.]

26th November

"Spending watchdog refuses to sign off ‘inadequate’ public sector accounts

A lack of clarity on local government spending due to a backlog in audits led to an unprecedented decision by the National Audit Office"...

https://www.standard.co.uk/news/politics/government-national-audit-office-gareth-davies-geoffrey-cliftonbrown-english-b1196378.html

These cold facts not looking good for the nation...

Peace and goodwill ...

AT

😂😂😂