Member Info for snige

“A system where 1% of the population owns 50% of the wealth of the country is demonstrably failing and I don’t think that’s capitalism, I think capitalism has been replaced by something altogether more sinister.”
Arron Banks, 12 January 2017.
The country is running out of options,should we upset the 10% wealthy and draw back 5% of the North sea oil revenue hidden away in tax havens or apply the pain to the 90%.
Would the 10% notice a reduction of 5% wealth?

"Future borrowing may be but common if you lived in the 1970 under Labour Government we almost went bankrupt"
Absolutely no comparison between sunny Jim borrowing £3 billion or £16 billion at today's prices back in 1976,plus what little we did borrow was paid back 3 years later in 1979,not sure we could achieve that today.
https://www.nationalarchives.gov.uk/cabinetpapers/themes/sterling-devalued-imf-loan.htm

"The UK and German economies might both be unwell. But the British malaise appears easier to cure."
Don't think so,all Germany has to do is reverse the Boris Johnson inspired sanctions with Russia,something which could be done in a day.
Would a day change the UK.

"6 years ago - GET OVER IT"
LTI, sometimes when we get it right we might repeat ourselves 2 or 3 times-excitement.
Defending a position 20 times in the same day implies you're lacking confidence but if you say it enough i guess it's reassuring for you.
Something else to GET OVER, Russia will win this conflict.

"We're an independent sovereign nation,"
-complete rubbish,we do what the US tells us and have done since Thatcher/Reagan.
Why do you believe the rubbish you're fed from MSM?

Fleccy,your view is just western MSM ,say it enough times and it becomes imprinted.
The real problem is we've taken the easy option and brought forward consumption by increasing debt.
" Because they could not or would not devise any other recipes, the governments of the leading Western economies simply accelerated their money-printing machines. Such a simple way to make up for unprecedented budget deficits.

I have already cited this figure: over the past two years, the money supply in the United States has grown by more than 38 percent. Previously, a similar rise took decades, but now it grew by 38 percent or 5.9 trillion dollars in two years. By comparison, only a few countries have a bigger gross domestic product."
http://en.kremlin.ru/events/president/transcripts/68669

"so much irreparable damage to this country."
TFE,
what was the irreparable damage that couldn't be fixed by 12 years of Tory rule?

Can't understand why the £ has risen,the only thing that can be interpreted from a .25% rise is the UK economy isn't strong enough to take a higher rate although they tell us GDP is .9% higher than pre-covid or 3.1% higher than June 2021.
If the economy was so strong why would electricity consumption be running 7% below last June.No one is heating this time of year,200,000 more homes and 200,000 more all electric vehicles.
https://grid.iamkate.com/

It would make sense for Andrew Bailey to raise interest rates by 50 points when the economy fell by 30 points in April alone.
I feel consumers and big business will manage as consumers can always move to another job and big business has high cash balances and they can demand what they like on essentials.
It's the 500,000 SME's with variable loan rates that will damage the country and Lloyds.

US CPI rose faster than expected.
Looking at Bank of America (BAC) the markets feel the damage from inflation on banks will be greater than the benefit from higher interest rates.
https://uk.investing.com/news/economic-indicators/us-cpi-rose-more-than-expected-in-april-hitting-new-40year-high-2666722

I would say with inflation running at 10% investors are searching for income.
If the Lloyds BOD dropped the £2 billion buy back and upped the divi they could immediately help their shareholders through these difficult times.
If the SP fell,wouldn't that attract new investors looking for income during this inflationary period.
When inflation falls in 2023 they could reinstate the buy back but in the meantime it would show the BOD cares about its shareholders.

"Don't need to be a royalist to come to the conclusion that our royal family is a positive for UK plc"
I would agree but shouldn't we have higher aspirations than turning Britain into a royal family theme park and wouldn't a vote at general election time for their continuation be more democratic and keep them on their toes.
All public figures have to be accountable to the people.

Having a president is more democratic,if they fail to deliver you vote for an alternative.
Brexit voters are very confused people.

It's a screwed up market.
I buy 100% green electricity from Shell and they are saying the price of wind/sun has gone up 58%.
What should happen is green consumers pay the lower generated rate from wind turbines,sun and storage,and the fossil heads the higher gas rate.
Now that's what i call fair.

How could Biden and Boris f**k up a simple task.
"Monday's rally, however, cements the ruble's place as the top-performing major emerging market currency of 2022 so far"
https://uk.investing.com/news/forex-news/ruble-hits-4year-high-as-energy-exports-fill-current-account-2654605
Todays hunch after yesterdays windfall tax is a Russian economic/military victory but no reduction in oil price this year.

Hello LTI,
We created the sanctions not Russia.
The price of energy has risen because we don't want to buy it from Russia or pay for it in their currency anything else is a lie.

"claiming the Tories are responsible for soaring inflation"...
It sometimes feels that way to erode the debt,but in the short term until these prices fall out we end up paying more for the index linked gilts.
My hunch is they will go for windfall tax to reduce the energy cap in September thus lowering the inflation rate for this critical month and rip off pensioners again.

LTI "Only goods that need checking are those destined to eire (EU), "
You still don't understand,NI has an open border with the republic after the good Friday agreement ,this allows citizens of the republic to freely move across the border,purchase goods which are deemed for NI and return.
Are you suggesting like Boris we have no customs checks at all.
Would we allow people to bring back what they like at the English channel ports,there has to be a border somewhere.

The big news today must be the collapse of the british pound against the russian ruble which has fallen to 73 after being over 100 for the most of 2020/21.
MSM has gone quiet so must be bad news to follow,why did Boris say Russia MUST fail some of the risks are highlighted in the Rand.org report but only from an American POV.
file:///C:/Users/Charlie/Downloads/RAND_RR3063.pdf
https://www.rand.org/pubs/research_reports/RR3063.html

so they pump in .585 billion shares at 42p and buy them back at an average of 46p -interesting.