Everything posted by MalcolmW
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Politics
1.1M arrived, of which 750K from outside EU, so 350K from inside EU. 600K left with around 300K re-locating back to EU, (and around 300K going elsewhere). So no more EUers leaving than coming? Even allowing for significant rounding in estimates, these figures do not demonstrate, or even suggest, than net migration from EU has dropped.
- Qatar World Cup
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Twitter
Half the staff have been dismissed and three-quarters of the rest are not staying. Musk is used to dealing with experts in niche projects with tremendous commitment. He is expecting the highly marketable software engineers to do the same. They won't.
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Politics
No it's not from additional contributions - it is from SERPS (State Earnings-Related Pension Scheme). When illusionist George Osborne persuaded the populace he was increasing the basic state pension considerably he neatly ignored the removal of additional pensions and second state pension. Since addition contributions were allowed to top up for a couple of years this blurred the picture even further.
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Politics
The basis state pension is often regarded as the maximum ... but there is also the Pre-'97 additional state pension (less a contracted-out deduction), Post-'97 additional state pension and graduated retirement benefit. Furthermore, since the contracted-out deduction increases at a lower interest rate than the other elements, my increase will be almost 10.4% overall and my weekly state pension will exceed £250 per week. If I had not been contracted out into a personal pension for 17 years my new pension would be over £300p.w, As it is I was able to take a cash lump sum of over £17,000 and invest over £50k in an annuity increasing at 8.5 %p.a.
- Politics
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The Cost Of Living Crisis
Energy companies have been set a target of 85% conversion by end of 2024, which I think has been extended. They want to avoid bad publicity by failing to meet expectations. If they ever realise they will all 'fail' then maybe the push for conversions will ease.
- Politics
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Remembrance Day
A coalition government report in 2013 said over 25,000 members of the forces were involved in the Falklands conflict. 237 died there (nearly 1%) but since then a further 1335 had died (over5%) had died since the conflict, with 95 as suicides (that's over 7% of the deaths). These figures have clearly increased further (presumably at a slower rate) in the last 9 years. Bearing in mind that a majority of the force were under 21 these figures are somewhat sobering.
- Politics
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Politics
I knew this would happen, but it's worth it. I ignored the lies from both sides on the Referendum. My own calculations indicated that the damage to the economy would be well within the limit before I even began to consider the alternative. Remember the UK population never voted to join the EEC/EU (and never would have). We were only given a say once Europe-obsessed Heath had taken the UK in and the government of his successor was totally split on the issue of staying or leaving.
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Stock markets
Or almost anything at all.
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Stock markets
The problem is that interest rates were slashed to emergency low levels after 2008 issues. Carney, as Osborne's political lapdog, didn't bother to make meaningful upward moves over future years. Now I think there is an understanding that rates need to rise a good way yet to restore balance.
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Stock markets
Partly the belief (true or not) that China is easing its draconian Covid measures.
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Transfer Gossip
Apparently Gordon had a freak serious leg injury on his first training run at Walsall. he didn't play until 23 Sept but scored last night against Harrogate
- Politics
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Egg Chasing World Cup
The majority of England international players in 1890-95 were from the northern clubs who broke away.
- Politics
- Politics
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Todays Games
7 away wins and 3 draws out of 11 L1 matches today. Wycombe not usually the first home win alphabetically. Portsmouth are at Charlton on Monday night, so could be another away!
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Politics
It's not so much global pressures as the pressure of being held artificially low for far too long. Interest rates rightly dropped for global reasons in 2008/9 but should have risen in the Cameron years. The BoE governor of the day (Osborne's poodle) followed the political line instead of raising interest rates (and thus helping to keep house price increases in check).
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Celebrity Deadpool 2022
Her grandfather led the Labour Party from 1932 to 1935 when succeeded by Attlee.
- Politics
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Donald Dead Cat On Is Head Trump
Because he was the architect of the Social Contract proposed between the Trade Unions and (future Labour) Government. Anything seemed better than Heath, a situation strangely reminiscent of today's outlook.
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Politics
The spooking of the gilts market is not simply the product of Kwarteng and Trussonomics. Rishi, as Chancellor in 2020 decided to change the definition in RPI with effect from 2030. There was a judicial review to challenge that decision granted to a consortium of BT, Ford UK, and Marks & Spencer Pension Funds. Last month the judicial review was thrown out by Mr Justice Holgate. The ramifications of this are a massive loss to those PFs and all other investors in indexed-linked gilts running beyond 2030. The implications of this took time to filter through as the decision did not receive much (if any) press/media attention. The markets were already spooked before KK's non-budget, so its negative effect was even more destabilising to gilts investors, both domestic and international. This is in no way an excuse for the way the Greenwich duo have performed, by the way.