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And so they should. The real question is why they need to virtue signal in the first place. It’s ice cream not wmds.
I agree with pretty much what you said. Such a misguided bunch of clowns.
How about part of all new planning applications for new estates require x amount of energy to be built in via communal heat pumps/solar/wind.
Rush through nuclear plants and have them state owned rather than outsourcing. It would have been a great time to use the best minds in Europe and develop next gen tech together then roll out continent wide.
Use the Bristol Channel for tidal power.
All better plans rather than the corporate welfare and inflationary pressure of the new mini budget.
Building state owned retirement villages like the Norwegian model and allowing boomers to sell their property and pass on the wealth to the next generation.
Banning non Uk residents owning property.
Interest free loans to start ups as long as they promise to list on the FTSE.
Just some random ideas.
Ahhh the good old peace envoy to the Middle East. Education education education! Meanwhile his son starts a company that provides internships to Goldman’s.
Strange how he came back under Covid…
Banana republic.
Crashing the £.
What’s the point we don’t export anything?
The time is for big ideas and real change rather than rehashed “kwasi” Thatcherite ideals by third rate individuals.
Does anyone have any better ideas though? As a thought experiment what would you do?
How has the mini budget saved the UK? Here’s my reading.
- Refinancing the scamdemic debt and moving it to the long term is a disaster. How long can you kick the can down the road with growing inflation and obvious BOE rate rises.
- Corporate welfare for the energy companies with the bailout of £60-120b dependent on which figures you believe. More debt, more printing, more inflation, higher interest rates, more debt at a higher rate… it’s a death cycle. Who in their right mind would buy into/invest in the UK?
Surely this money would be better spent investing in infrastructure?
Considering Britain has 40% renewable energy generation (which once built doesn’t have much of if any in variable costs) why are we still using the variable rate linked to LPG? Renewables are getting paid the same market rate as energy produced using LPG. Surely the sensible solution would be to cap prices on the fixed costs of renewables.
Does anyone think that the world will return to the status quo in two years? I don’t.
A potential solution would be to force house builders to build in green tech (heat pumps/solar/wind etc) into new builds and have a localised supply for that estate. Is that going to happen though when 30% of Tory funding comes from said house builders… don’t think so.
Re inflation: Truss’ plan of corporate welfare to the sum of £130b is inflationary as we will be refinancing the scamdemic debt to pay for it. Very short sighted in my opinion. Why not just use coal as a stop gap and invest the £130b in real infrastructure for the country? Oh I forgot, we now live in a banana republic and it’s all about short term money making for you and your pals - great work if you can get it.
Such a dumb plan debasing the currency even more if you want investment in the country. Who in your right mind would invest in the uk when the t&cs keep moving.
Inflation will drop only when the US inflation figures drop and we enter a recession.
P/e of around 5 and a large back catalogue/studios business makes this an interesting value trade. Bought in at 62p and looking for an out around 72p.
Completely agree.
ITV does make rubbish. Prole pawn if you will. But it has its market segment sorted and when/if the analytics comes on board will become more efficient at churning out the dross. You don’t have to like it but remember that 17-20% of the population doesn’t have the IQ to not struggle with mundane everyday tasks.
Re Netflix - good growth in the past but the business model, in my opinion is flawed. Unchecked revenue expenditure and stupid money spent on movies/shows. If I was running it I’d cut back on content costs and hiring of big names. Find new up and coming actors and tie them to the studios like they used to do. I also think the binge watching idea is bad for renewals as you buy and cancel each month based upon who has the best show. Netflix is past its growth stage and until is see it turning that revenue into margin im not interested.
Perhaps not the correct place to vent…
Let’s just look at Britains macro outlook.
Balance of trades completely one sided and getting worse.
Brexit - which should have been a great opportunity squandered.
Country with the biggest strategic hydrocarbon reserves with the largest increase in energy prices.
Inflation running rampant and that’s with the cooked figures of the CP Lie
Privatised merit goods all going on strike centrica/Royal Mail/transport.
Millions of refugees incoming when the famine happens in the new year due to the world being “locked down” for two years.
And who’s going to save us? A corrupt billionaire who mismanaged the companies purse or an ex foreign secretary who couldn’t point out Ukraine on the map.
Very easy to see the FTSE down to 5000 again.
I took a look at the charts this morning and 417 seems to be the line in the sand. It broke support yesterday briefly and now is consolidating. The next major support level is around 383 so from its highs of 460’s a 17% swing is pretty normal. I’d be happy to re enter blow 380 as it’s a relatively safe stock paying a decent divi. But not inflation beating if you believe the 22% figures by year end. Britain is genuinely in a mess with no end in sight.