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Albermarle said:I always assumed from the way it is written, it was more of a hobby for them. Perhaps though not one they were prepared to keep losing money with.
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Alexland said:Albermarle said:I always assumed from the way it is written, it was more of a hobby for them. Perhaps though not one they were prepared to keep losing money with.1
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GeoffTF said:I expect that they are more than covering their costs. There is not much money to be made from advocating passive investing, but providing hints and tips on active investing is very lucrative.
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m_c_s said:coastline said:and the constant moan about brexit and how its destroyed the UK. Why can't the poster just get over it ?
But ofcourse he is free to have his views and run the site as he wishes.
Personally I find the continuing pro Brexit rants in the likes of the Daily Mail and from the likes of JRM a lot more pathetic.
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dealyboy said:m_c_s said:coastline said:and the constant moan about brexit and how its destroyed the UK. Why can't the poster just get over it ?
But ofcourse he is free to have his views and run the site as he wishes.
She now gets the blame for a whole load of things that had nothing to do with her.
The actions of politicians often take years to fruition. Positive or negative. For example, the pension liquidity issues stem from Gordon Brown's changes. When he made them, there were warnings from some that it would store up problems that would unwind in 20-30 years time. Those people were considered to be wrong back then. Now they were considered to be right.
Ireland is now setting up a sovereign wealth fund as a result of all the extra corporation tax it is getting by having low rates. i.e. the Liz Truss approach. So, was she wrong or was she right? The camp that thing she was wrong have won at the moment because they removed her from power and the managed decline camp are now in charge. However, only time will tell and nobody can really be sure.
I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.7 -
EthicsGradient said:m_c_s said:coastline said:and the constant moan about brexit and how its destroyed the UK. Why can't the poster just get over it ?
But ofcourse he is free to have his views and run the site as he wishes.
An unbiased financial assessment of Brexit is that it has knocked a few percent off our GDP. There may be other reasons people voted for it, but the general financial summary was, and still is, "not a good idea, overall".
An unbiased financial assessment of Brexit is that it officially began in 2020 and the UK has since been the world's fastest-growing major G7 economy for 2 of the past 3 years.
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The announcement by Liz Truss of her plan to cut taxes at the top end and spend billions that Britain didn't have, forced a £65 billion intervention by the BoE and had the pound falling to $1.0327. It's generally a basic requirement of a PM not to crash the pound.
When Truss was asked by the BBC’s Nick Robinson if she could name any economists who thought cutting taxes at this stage was right for the economy, she could only name the odd-ball Patrick Minford. Minford later distanced himself.
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Britain had (and has) plenty of room to cut taxes. Truss's tax cuts were the same as just a tiny 1-2% of UK debt. Global and UK markets made effectively zero movement while Kwarteng verbally announced the tax cuts in the Commons... It was only 30-60mins later, when the hysterical hard-Left media, looking for any kind of Brexit revenge against the Tories, started pushing out hysterical exaggerated headlines of doom and misery. Markets then started to drop, when the algos started picking up on the (artificially) negative headlines. It was a confected "crisis" of absurd faux-hysteria.0
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Rollinghome said:The announcement by Liz Truss of her plan to cut taxes at the top end and spend billions that Britain didn't have, forced a £65 billion intervention by the BoE and had the pound falling to $1.0327. It's generally a basic requirement of a PM not to crash the pound.
When Truss was asked by the BBC’s Nick Robinson if she could name any economists who thought cutting taxes at this stage was right for the economy, she could only name the odd-ball Patrick Minford. Minford later distanced himself.
Apart from the very serious economic issues involved in her very short Prime Ministership, she was also, by all accounts, temperamentally completely unsuitable to be leading a major political party and certainly totally unfit to run GB! Not least because she steadfastly refused to listen to any of her closest advisers when making crucial policy decisions etc.1 -
Millyonare said:Britain had (and has) plenty of room to cut taxes. Truss's tax cuts were the same as just a tiny 1-2% of UK debt. Global and UK markets made effectively zero movement while Kwarteng verbally announced the tax cuts in the Commons... It was only 30-60mins later, when the hysterical hard-Left media, looking for any kind of Brexit revenge against the Tories, started pushing out hysterical exaggerated headlines of doom and misery. Markets then started to drop, when the algos started picking up on the (artificially) negative headlines. It was a confected "crisis" of absurd faux-hysteria.You may have an exaggerated idea of the respect held by global investors and banks for what you call "the hysterical hard-Left media", whoever or whatever you think that might be.
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