Member Info for TheFarEnd

“business confidence. It remains at an elevated level of 50%, which is well above the long-term average of 29% - and it has been above the average for the past 15 months.”

Then this from one of our resident Marxist m-b. I like a good laugh, starts the day off.

“part of the government's commitment to fiscal responsibility and ensuring trust and confidence in our national finances.”

Lololol.

Keir was lavishing praise on the Iron Lady a mere ten months ago, he said…

“Margaret Thatcher sought to drag Britain out of its stupor by setting loose our natural entrepreneurialism.“

Looks like he’s flopped on that too.

Who’s going to go up in her place – Arthur Scargill?

Maybe he’s embarrassed that he is a man and his party is the only major one to never have elected a woman as its leader.

He’s not fit to look at her face anyway.

"i will again 😃"

If you live that long?

I wasn't aware of this. Administrators claim their fees from your ‘guaranteed’ £85k with the assistance of special admin rules, whatever they are.

The Financial Services Compensation Scheme pays out up to £85,000 in compensation per person if a regulated firm fails. But hundreds of WealthTek victims will only get back £62,000 in redress. This is because, under the Investment Bank Special Administration Rules, administrators can deduct their fees from client assets in certain cases.

The expected cost will be up to £23,000 per person.

As a result someone who lost £100,000 would only get back £62,000 as opposed to the full £85,000 advertised by the scheme.

https://www.telegraph.co.uk/money/pensions/private-pensions/lost-pension-to-fraud-administrators-taking-compensation/

Crosshairs

“Asking for help”

If you direct your request to a particular investor on this BB who's name (this time around) is STP, formally DCB and has just emerged only this week with an additional handle.

I digress, he is known to be a very successful and knowledgeable investor who times his buys and sells with the highs and lows of the market with remarkable accuracy.

As he has a view on most things, usually the wrong view. I'm sure he will be able to offer you some sound guidance. Not advice but guidance.

My own view is that these BB’s can be, in some circumstances (not many) useful and alert you to alternative thinking and opportunities.

However taking advice from anyone on here is a no no. To be fair no-one gives advice here and probably no one is qualified.

As for mirroring “their buy/sell decisions.” Most declared trades here are announced sometime after the event when the outcome is known and these usually appear after an unusual price movement. It's a funny old game this investment lark. You win or lose by your own decisions, but it's better than the gee-gees as there is no winning post.

DYOR.

Kia Starma is expected to say today that it will get a lot worse before it gets better

Yer don't say! People knew that as soon as he entered Downing street.

That's five years of getting worse until the next election. Only after the next election will it get better and people realise what they have done.

Labour's fully costed panic.

“Starmer was so quick to slam the Tories in 2022 when the cap rose, “devastating” people across the country. And as usual promising the land of milk and honey with Labour’s much-publicised “fully costed plan to freeze energy bills“. Another U-Turn there.”

Take a minute from your life to refresh your memory on what we are dealing with here.

https://youtu.be/S6ZNjjSbVMQ?si=LjPbS4GgSZlJAQXk

Labour issued a panicked 1,334-word “Political Briefing” press release this morning.

It’s worth noting that during the election Miliband banged on about Labour policies saving households £300 a year. He’s been told from above to drop that promise now.

What a $hit show and YOU voted for them.

The exodus of millionaires from the UK is expected to accelerate this year to an unprecedented 9500. Leaving figures so far this year are currently c 5000.

Protecting wealth speaks more than any words can.

These are the wealth creators, something labour has never understood.

What a $hit show and YOU voted for them.

“About time the board was closed down”

What's up Grayling can't stand the criticism of your beloved socialist ideology.

You won, your lot are in government, its Labour's turn under the spotlight.

And true to form, just like this government, you want to shut down free speech and opposing views.

Just one look at your contributions on this site shows you don't practise what you're preaching now, just like your idols in No10.

Suck it up.

For me LGEN is probably not a LTH. I was just scrolling and it was a knee jerk reaction with the drop in SP and the forthcoming interim,

If it drops by today's ex (6p) I'll still have a slight profit if I sell.

I do this sometimes with stocks,on the lead up to the ex date, not guaranteed of course.

However, some of my best trades have been made whilst in the toilet.

The US economy is flashing a recession signal…

That's evident in the contraction in the money supply, a rare signal that's only flashed four time in the last century.

A contraction in the money supply was followed by a recession or depression in every instance.

An outright contraction in the money supply, which functions as "fuel" for the economy, is unusual, Hanke noted. It's only happened four times since 1913 — and was followed by a recession or an economic depression in each instance.

"We will enter a recession either late this year or early next year in the United States, and that's why we think the inflation numbers will keep coming down," Hanke predicted.”

https://www.businessinsider.com/recession-outlook-hard-landing-economy-inflation-job-market-signal-slowdown-2024-8

FYI.

UK Money Supply M2 is at a current level of 3.034T, down from 3.038T last month and down from 3.055T one year ago.

"Hard to see L&G going below two quid"

I bought LGEN @sub 220

earlier this month before the interim.

Just saying.

“JP Morgan, the investment bank, expects the economy to grow 0.4 per cent between July and September.”

These estimates are what is called guesstimates.

Actual figures show that in 2024 so far, the UK has grown the fastest of all the G7 advanced economies, even more than the US. That's the 0.7% and 0.6% growth this year. This raises reasonable questions about the “grim economic inheritance” claimed by the new government from its predecessor. The government's main economic mission is to get the highest growth in the G7 by the end of the parliament. But these latest GDP figures show this was already the case on the main measure of the economy as it entered office.

So in effect the Tories had already achieved the five year goal set by this fast failing novice labour government.

Already the confidence is draining from the UK economy as growth falters under this clueless rabble we have installed in No10.

With growth on a downward spiral the last thing the UK needs is colossal tax rises which will be presented by Rachel (did you know she worked for the BoE lol) Reeves.

And then the resident clown 🤡 from who knows where, one day he's Irish then Spanish, pipe's up with this comment….

“Glad to see improving prospects for the economy, now that Labour are in power”

And this from an international investor of some repute….. His own!

This BB is a laugh a minute growth from 0.7%to 0.6% to 0.4% to who knows, but there's a pattern developing here and it ain't up and ATM it ain't improving.

There are no words!

He's trying to impress with his investor skills after his warning from admin, but alas he's coming up short.

Posted incessantly by The FarEnd.

The truth often hurts mick-b. The left never could accept that there's an alternative view. This is your classic communist view point.

This is why Starmer is trying to shut down and regulate free speech.

If you don't want to hear it you have the luxury of the filter button. I won't go to prison for my posts mick-b, but I bet you wish it.

Welcome back to 1984.

“No upper limit to what MPs can claim for their heating costs”

MV.

Energy prices will jump in October as the UK approaches the colder winter months, according to consultancy Cornwall Insight.

Ofgem’s price cap is expected to climb by 9% from £1,568 to £1,714 come the autumn, reflecting the typical amount a British household would pay on an annualised basis.

Ofgem is set to officially announce the cap price for October this Friday.

“A classic case of I'm alright Jack” while the old and infirmed are dying of hypothermia.

Re: Winter of Discontent.

It's all falling into place.

Strike threshold laws to be scrapped.

Laws meaning strikes can only go ahead if a certain proportion of union members vote in favour of action are set to be scrapped in the UK.

This is as Britain’s new Labour government presses ahead on pledges to reverse the Trade Union Act, with The Telegraph reporting rules could be tabled by mid-October.

These require half of a union’s membership to vote in ballots for a strike to be legal, while 40% of those in public services unions have to approve action.

And so it continues. All the unions gunning for bumper pay rises.

Border Force officials at Heathrow Airport have just announced fresh strikes. PCS, representing them, have expansive demands for civil servants including a reduced working week. The domino effect has begun – below are some of the public sector unions co-conspirators can expect will be demanding more taxpayer cash something to the tune of ASLEF or Junior Doctors’ bumper offers:

Rail and Maritime Transport Workers Union: Demanding the same bumper pay offer given to ASLEF.

Public and Commercial Services Union: Demanding a “cost-of-living” pay rise, 35 days annual leave, and “a significant shortening of the working week with no loss of pay.” Civil servants will be jumping with excitement…

Local Government: Unite, Unison and GMB are now demanding a 5-6% pay rise for local government workers after Reeves capitulated to the pay review bodies.

Royal College of Nursing: Likely to continue campaign for a separate pay structure that increases nurse pay at a faster rate.

General Practitioners: GPs are demanding an 11% pay rise. In line to be granted…

Junior Doctors: Planning on striking again in 2025 even after Labour’s 22% pay rise.

National Education Union: Campaigning for higher pay, a lower workload, and free school meals.

National Association of Schoolmasters Union of Women Teachers: Demanding a national commission on pay to hike it even more.

Police Federation: Calling for higher pay.

Fire Brigade Union: Took a 4% pay rise from the Tories, campaigning for more.

This fledgling government has so much to learn.

This can only mean more and more tax rises. If there wasn't a black hole there is now. What a $hit show and YOU voted for them.

“If pensioners cannot afford fuel or bus rides - don’t retire. Why should the tax payer pick up the tab?”

This is the measure of the man who calls himself Antony901 on this forum. A labour supporter who fiercely defends labour policies at every turn.

I despair.

There is a fine line between solvent and insolvent and it can change in a blink. I hope that your circumstances don't change as your years advance. But If they do your smugness will also, and maybe that's not a bad thing.

ASLEF have just announced fresh strikes, this time against LNER. Strikes every weekend until the end of November…

Whelan, he's the General Secretary of the British trade union ASLEF, says it’s a separate dispute from the one agreed two days ago with Labour, blaming “a breakdown in industrial relations.” Seeing as LNER is state-owned, it looks like former union employee Louise Haigh, she's the Secretary of State for Transport of the United Kingdom, will have more negotiations to do. Did someone say domino effect?

Obviously the unions are on a roll.

Yup, it's a $hit show alright.

That's me done I'm off down the juicer.

“So basically you are saying we have the same $hit show now”

Err no, but you obviously think so A901.

Undoubtedly the Rwanda scheme had a deterrent as was shown by illegal (or as your government now refers to as irregular) immigrants moving south into the Irish republic before the implementation date. Look at the fuss that caused.

The first act by Starmer on day one was an irresponsible decision to abort the Rwanda scheme. When that happened, Brixton could hear the cheers go up around Calais from the south coast. A plan that was having a deterrent is surely better than no plan, don't you agree?

Haven't heard from the new Minister of State for Border Security and Asylum lately, she's in charge of the home office dealing with this issue. In fact no one's heard from her, and probably, although well known, not many know her name.

I say your government, as you obviously voted for them.

Great work indeed, lol.