Member Info for skier1

Theo

Zactly. The markets would react badly to tax-and-spend red Labour.

A UK election won't be until Sep-Oct 2024, when the weather is still warmish for older voters to turn out. The Tories will want a clear runway of 2 years for the (perceived) economic clouds to lift, tax cuts to come back on the table, and interest rates to be well back down.

Truss voted Remain, but switched later to Brexit. She is not popular among Remainers.

Those hoping for a General Election in Q4 2022 will be disappointed.

This Tory civil war is all about getting a Remainer in at No.10.

Once a Remainer PM is installed -- in a week or two -- this contrived political hysteria will (miraculously) disappear...

Mark my words.

Ousting Truss is obviously (another) Remainer coup.

This political hysteria -- from within the Tories and Labour -- will only stop once a *Remainer* is installed in charge at No.10.

The bookies say Sunak is the next PM.

HFEL has plunged -35% in the past 5 years. The S&P500 has soared +50% in the same timeframe.

The HFEL share price is basically a slow-motion train wreck.

It is important to separate economic facts from political hysteria contrived by folks who lost (many) elections and referendums to the Tories in the past decade and have an axe to grind.

Fact is, the UK today is the fastest-growing economy in the entire G7, has the second-lowest state debt in the whole G7, unemployment is effectively near-zero, everyone who wants a job has one, wages are growing nicely, wholesale inflation has peaked, while migration from the EU (from the EU vote to cut EU migration) has halved since Brexit.

Tesco need to start shrinking their car parks, store sizes, staff, and product ranges. The company is bloated. It needs to get more efficient than Aldi and Lidl. Beat them at their own game. That means way more revenue per square-metre. And a way smaller cost base.

Shrink car parks by -20%, shrink parking-space width by -5%, sell the excess land to housebuilders. Make hypermarkets -30% narrower, lower their roofs by -50% (to save energy). Rightsize staff by -20%, pay the remainder a guaranteed +10% bonus if they hit targets. Trim the fat of unprofitable food, drink or goods lines by -5%. Make the online delivery-van fleet cut fuel consumption by -10%. That's just for starters.

It ain't rocket science. Tesco needs to get down the gym and lose the fat. Aldi and Lidl are eating their lunch.

The Sky article is yet more ridiculous fear-mongering, hysteria and catastrophising.

Only about 2% of UK households will be coming off cheap fixed-rate mortgage deals in H1 2023. A tiny portion of the UK housing market is facing imminently higher mortgage payments. Around 98% are not.

What's more, long-term UK mortgage rates have now started to fall. They are already peaking.

Like state debt, once again, it is time to stop the exaggerated hysteria.

..."Although the tax take is at record highs it could be a lot worse"...

UK has the no.1 fastest-growing economy in the entire global G7 group... and the no.2 lowest state debt in the whole G7... but the UK is the only major G7 country today raising taxes, while global growth slows... no other major country on Earth in the G7 is raising taxes net-net... no other country... as an act of national collective hysterical stupidity, the UK takes some beating...

Lol.

https://i.dailymail.co.uk/1s/2022/10/17/11/63546711-0-image-a-13_1666001191432.jpg

As mentioned months ago -- be careful what you wish for...

Austerity is back.
The highest taxation in peacetime history is back (and rising).
The SNP nationalist extremists are on track to be the UK's 2nd largest party -- taking over the opposition benches in Westminster from the Tories.

Be careful what you folks wish for...

The charts here now look even more bearish than just a few weeks ago. A dip under 250p looks all but baked in. China's gradual loss of access to American hi-tech is dragging down Asia sentiment.

Lol.

Questor said buy TSCO at 292p, just a few months ago!

https://www.telegraph.co.uk/investing/shares/questor-buy-tesco-rise-divi-looks-certain-even-chance-bid/

Not sure I'd be counting on AO to pull Tesco out of its tailspin. AO is getting crushed by better domestic and foreign competition, too, like Amazon, and its share price has collapsed an astonishing -90% in just 18 months. They make Tesco's -60% plunge look like a shrewd investment!

We could be heading for a Labour-LibDem-Green-SNP psuedo-communist coalition.

God help us all.

UK is in the grip of an anti-Brexit, anti-democracy, Marxist revolution.

The ultra-Left is undertaking a "march thru the institutions", from Education and the Home Office and now onto the Treasury.

Be careful what you folks wish for...

Huge +5% intraday upswing in the S&P500.

They really need to give the PM job to Jacob Rees-Mogg.

He is calm, clear, logical, well-spoken, bats away questions with aplomb, never panics, and has rhino skin for modern politics. He needs to throw his hat in the ring.

Regarding Scotland -- the economy is tiny, while the population is smaller than Yorkshire. Wish everyone would stop banging on about it. The UK has far bigger fish to fry.

..."Whatever your politics, most people (ok maybe not Skier) would agree the PM and Chancellor's actions have been reckless and damaging"...

That's because the facts do not match the (Remainer-led) hysteria.

The UK has the world's highest GDP growth among the G7, just about the lowest G7 state debt, and near-zero unemployment. The Truss tax budget barely added a tiny 1-3% extra to state debt (perhaps less). The US very recently did the same and gave away tax freebies (for student loans) that are 10+ times larger than the UK. Germany very recently gave away a much bigger free-energy handout. Almost all major countries in the world are it. The UK is among the least reckless of the freewheeling G7 countries.

The run so far on the pound and gilts is political and emotional.
It is definitely not economic.

Truss needs to be trimming taxes, rightsizing the bloated state, and dashing for growth.

The UK right now is the fastest-growing economy in the entire G7, with the second lowest debt in the G7, and unemployment sits at a record low in history.

Conditions are good for long-term tax improvements, rightsizing govt, and spurring growth thru R&D investment.

Truss needs to summon her inner Thatcher and get making change. Stop the Marxist creep of red taxes, red state, and low growth.

Yes, for the British customer, the choice of food, drink and goods is incredible. You can buy 20p noodles at Lidl, or a £10 microwave meal at Waitrose.

For the British worker, tho, it is a scary time. Foreign competition is laying waste to the UK retail and supermarket industries.

Marks & Spencer, for example, is (just today) closing 1 in 4 of its big stores. Morrisons is plunging behind Aldi in the latest supermarket share stats. Tesco has slumped from 28% to just 27% UK grocery share since the start of the year. Aldi is growing nearly 10 times faster than Tesco. Aldi has grabbed 1.5 million extra customers in just a few weeks.

The UK downtrends are not good signals for the TSCO share price.