Member Info for Quady

Good afternoon Mathersfinger.

Sorry but ridiculous, nobody after all these years will bid, we have had no evidence of a bid and absolutely no one is going to come in with a 90 pence bid without understanding how the other interested parties would respond.

Cintsa I have explained many times a diverse book protects us from a hostile bid.

Because we don't have any one party holding a near controlling stake in the company.

They would need to have talks with all the people that hold stakes.

They would need to start and get agreement from Nick Mather, as without Nicks agreement it would be almost impossible.

Don't believe we have any new information in this RNS.

Just a restating of our position.

We are not on AIM .

We have a full listing.

Sorry addicknt, but to present something as a turn key asset means its an asset from day one.

That means it's generating income from day one.

That means it's built and in production.

This looks like someone is filling an order.

Agreed Jezzoo.

Jezzoo that's exactly what I have been saying.

When I say the richest 25% must pay more tax.

Firstly it attacks inflation much better than interest rate rises.

Because you are addressing money supply directly.

Next it allows for the SSA to be restored to 85% and thus reduce council tax.

This allows more money for food and partly addresses the cost of living crisis.

Also we need to attack the deficit.

Unfortunately I believe the main reason for cancellation of HS2 is for a budget giveaway next month.

HS2 is badly needed for so many reasons.

Just building it will allow more investment into this country and into the north of England.

Jezzoo interested on your prospective as a councillor.

Today the SSA is 61% as an average across the UK's councils. I believe it used to be 85%.

Do you agree with me that we should go back to 85% and so greater council receipts are taken from general taxation.

This I believe is one of the main reasons for the cost of living crisis.

The working poor pay a bigger part of their income from expenses that take up a bigger proportion of their income.

This is just one example of our economy being unbalanced.

I imagine the people selling are forced sellers needing the money.

Jezzoo forget the terms left and right, they have nothing to do with economics and never have

We are talking about what works.

The world is changing and if we don't move with it, we will be left behind.

Jezzoo he is an anomaly.

He is free to do what he wants.

However has he withdrawn his business interests from the UK and relocated them in Antigua.

Jezzoo you are repeating propaganda.

Look at the countries in the world attracting the most investment.

They are the ones with balanced economies.

Don't believe the lies.

The rich like to live in countries that are safe, have good schools and universities and have a structure of law that allows them to enjoy life.

Money is important to them, but as long as we don't go mad with taxation, they are willing to pay more.

Just look at the Scandinavian countries and Switzerland.

According to you wealth would be exiting these countries double quick.

But in reality the opposite is happening.

Novicehunter these are not my views.

I am a part qualified actuary.

This is what has allowed the far East, countries like Singapore and South Korea to grow so rapidly.

You are talking about trickle down economics.

This has been proven time and time again not to work.

Again please read what I have said.

I am not on about taxing the rich as some ideological mantra.

I am on about rebalancing the economy, and unfortunately the tax burden has been skewed against the poorest in society.

You say the richest provide growth and prosperity.

But we have kept the richest taxes down and taxed the poorest.

And the opposite has happened, not only in the UK, but the rest of the western world.

So your premise is wrong in its completeness.

The total mismanagement of the UK economy is the reason I am going to vote Labour at the next general election.

I have never voted Labour in my life.

But this awful government that doesn't have a clue how to make work pay, and attacks those that are in jobs has to go and be defeated comprehensively.

So that they take time to reflect what the people of this country want.

Does Labour have the answers?

Probably not, but we cannot carry on like this.

Addicknt, please read my posts.

I am on about rebalancing the UK economy.

This is why we have a cost of living crisis.

It is almost impossible for someone on minimum wage to survive.

This is because the tax system is skewed to taxing the poorest in society more on a sliding scale.

Also fixed expenditure like council tax and energy bills affect the poorest to a greater degree.

This is because the SSA has been continuously cut again shifting the tax burden to the poorest in society.

I repeat I am talking about rebalancing.

This is why we have to increase taxes for the richest 25%.

Over the past decade taxes have been disparportionally landed on the poorest. Hence I am on about rebalancing, as this should never have happened in the first place.

As for QE we had no choice.

The QE aspect isn't that bad as the money isn't spent.

It's used to support the banks under it's capital requirements, so that existing lending doesn't have to be called in.

It's just to strengthen balance sheets and it will all be paid back with interest.

Addicknt normally taxing any part of society reduces investment.

However in unbalanced economies that is not the case.

If the debt burden on an individual case was balanced, then interest rates is the answer.

When it's not then taxing the sections of society that have the spending power is

Germany being a case in example.

Also the Scandinavian countries. Also Switzerland.

This is how modern capitalism works.

Balancing economic output is not a socialist idea.

I think you are confusing this with taxing the rich.

It's not about that, it's about sharing the burden of taxation.

We know flat tax systems don't work.

Good morning addicknt.

Normally raising interest rates restricts money supply, but that only works in balanced economies.

What we have in the UK currently is an unbalanced economy.

So the money supply amongst the poorest is already restricted.

Hence you need to restrict the money supply of the richest 25% without hurting the 75% of the people already struggling.

This is why for the moment we need to raise taxes.

Now ideally spending should still be constrained and the extra money that is raised should be used to reduce the deficit.

As government is what is restricting investment.

This is because when government debt is too high, business knows at some point it's taxes will rise.

So we need to start fixing the deficit while not strangling growth and reducing inflation.

Hence restricting money supply for the people increasing their spending and not attacking the people reducing their spending and creating a recession and at the same time costing jobs and reducing tax revenues.

This isn't forever, but is required now.

Sorry addicknt I am right on all three points.

He is the most unintelligent poster on here.

He is now talking about manufacturing.

In 2018 we were the 9th biggest manufacturer in the world.

In 2021 we became the 8th biggest.

In my third point.

Normally increasing any taxes is not a good thing for industrial output.

But as money supply is increasing amongst the richest in society and decreasing amongst the poorest 75%.

It makes no sense to control inflation by interest rates.

You only do this where you have a balanced economy.

Again Slug you show yourself to be the most unintelligent poster on here.

Throughout history, low interest rates have been an anomaly.

While we don't raise taxes for the richest in society, then interest rates will remain high.