focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
"Does she not remember the absolute chaos the last labour government left us in, the worst financial crisis in UK history. "
When you think about it, it is kind of ironic that the Tories dared to blame Labour for the 2008 financial crash. The country was never as bad then as it is now.
The state of the roads tells the success story of Brexit Britain.
Data from Calastone shows monthly outflows from UK-focused equity funds hit their highest in more than a year in March, the 34th consecutive month of net selling by investors.
The UK left the EU on 31 January 2020 at 11.00 pm
‼️38 MONTHS AGO‼️
Bent double, like old beggars under sacks,
Knock-kneed, coughing like hags, we cursed through sludge,
Till on the haunting flares we turned our backs,
And towards our distant rest began to trudge.
Men marched asleep. Many had lost their boots,
But limped on, blood-shod. All went lame; all blind;
Drunk with fatigue; deaf even to the hoots
Of gas-shells dropping softly behind.
Gas! GAS! Quick, boys!—An ecstasy of fumbling
Fitting the clumsy helmets just in time,
But someone still was yelling out and stumbling
And flound’ring like a man in fire or lime.—
Dim through the misty panes and thick green light,
As under a green sea, I saw him drowning.
In all my dreams before my helpless sight,
He plunges at me, guttering, choking, drowning.
If in some smothering dreams, you too could pace
Behind the wagon that we flung him in,
And watch the white eyes writhing in his face,
His hanging face, like a devil’s sick of sin;
If you could hear, at every jolt, the blood
Come gargling from the froth-corrupted lungs,
Obscene as cancer, bitter as the cud
Of vile, incurable sores on innocent tongues,—
My friend, you would not tell with such high zest
To children ardent for some desperate glory,
The old Lie: Dulce et decorum est
Pro patria mori.
by Wilfred Owen
Notes:
Latin phrase is from the Roman poet Horace: “It is sweet and fitting to die for one’s country.”
Financial Services Industry
Financial services companies recognised that Brexit likely would require the relocation of significant operations and personnel from London to EU locations and would mandate local registration and licensing to conduct business in the EU.
Major banks, including JPMorgan, Morgan Stanley, NatWest, Goldman Sachs, Bank of America, UBS, and Credit Suisse, moved hundreds of employees and large quantities of assets from London to other European cities before the deadline for a trade deal. London-based insurers also set up EU locations, including Lloyd’s of London in Brussels and Aviva in Ireland.
Brexit ended the passporting rights of U.K. investment houses, which permitted companies registered in one EU market to operate in others. To conduct EU business following Brexit, U.K. investment banks require equivalence rulings that recognize regulations in a company’s home country as sufficiently similar to those of the EU. European firms can use London clearinghouses until June 2025. This was extended from the original June 2022 deadline. The European Commission also agreed to consult on clearing activities in the EU.
Most core banking businesses, such as deposit-taking, retail investment services, and other lending services, are not included in the equivalence system. This means U.K. banks must establish EU offices to continue these activities with EU clients. While London will always be a major financial center, its status may be affected, especially if equivalence rulings are not forthcoming and clients turn to institutions in other countries that already have the rights and ability to operate in the EU.
Approximately £1.2 trillion ($1.6 trillion) in financial sector assets left London between the 2016 Brexit vote and the end of 2020. More than 7,500 financial sector jobs were relocated from London to other European cities.
https://www.investopedia.com/news/brexit-winners-and-losers/
We are being grossly overcharged by the way electricity price is being calculated.
It should be calculated in direct proportion to the mix of different priced elements....gas/wind/nuclear/solar/hydro etc...
BUT National Grid calculate electricity price solely on the European gas price. As price is calculated on the highest price element which is gas
The Government/OFGEM KNOW THIS
WE ARE BEING SCREWED AS PER NORMAL
Winner of the criminal lawyers award contest.
https://www.youtube.com/watch?v=9CIovFllOTs
ONLY IN AMERICA
GLOBAL BRITAIN LATEST: The trade deal signed with Australia last week will cause a £94 million hit to U.K. farming, forestry and fishing, according to the government’s own impact assessment, the i’s Arj Singh reports. A DIT spokesperson who spoke to the i pointed to benefits that will be delivered “in the long-run.”
Her CV........
https://twitter.com/Michaelwhitin64/status/1472742893320294401/photo/1
Hilarious....
Chris Witty should announce sternly that it's now clear the number of people who despise Johnson is doubling every two days, and we have to accept it will have affected everyone by Christmas, especially anyone who's been in close contact with him.
The CONservatives monopoly game.......
https://bit.ly/31JWqni