Barclays Share Discussion Threads

[johnwise] 21/11/2024 22:16

Heat pump grants offered to more homes - as Government also relaxes noise rules on green devices

More households will get heat pump grants worth up to £7,500 as the Government has added more cash to the Boiler Upgrade Scheme (BUS).

Daily Mail

VIDEO

This is Why Heat Pumps May NOT Be The Future

[johnwise] 21/11/2024 21:07

Donald Trump greets Israeli Prime Minister Benjamin Netanyahu


The UK have absolutely no chance in a good new trade deal with the US

UK Hastings council Labour group goes rogue, demands Starmer ‘Stop arming Israel’

[johnwise] 21/11/2024 20:39

This is disappointing but nothing really shocks me about the Labour party. Apologies to the rest of the world for our pathetic, useless government.


Downing Street refuses to rule out Israeli PM Netanyahu being ARRESTED in the UK after warrant is issued over 'crimes against humanity' in Gaza by international criminal court David Lammy vowed to 'support'

[johnwise] 21/11/2024 15:24

US imposes sanctions on senior Hamas officials, 3 of whom are based in Turkey

Following the allegations that the Hamas political bureau would move to Turkey, the US Department of Treasury decided to sanction 6 senior Hamas officials, 3 of whom are based in Turkey.

[johnwise] 21/11/2024 15:16

Steve Bannon warns prosecutors: 'the hunted are about to become the hunters'

This better happen, NO WAY uniting the country after what they got away with.

[johnwise] 21/11/2024 14:49

Thames Water blocked from dishing out 'undeserved' bonuses from customer money


Thames Water, Yorkshire Water and Dŵr Cymru Welsh Water have been prevented from using customers' money to pay £1.5million of executive bonuses.

Nine water companies will not be using customers' money to fund bonuses, as new Ofwat rules on executive bonuses come into force, the water regulator said on Thursday.

Ofwat said it had stepped in to halt water companies that cannot show bonuses are sufficiently linked to performance from using customer money to fund the payouts, amounting to 73 per cent of the total executive awards, worth £6.8million, proposed across the industry.

[johnwise] 21/11/2024 12:44

Cityam.com

Surge in government borrowing raises threat of more Reeves tax hikes, economists warn


A sharp rise in government borrowing costs fuelled by pay rises for public sector workers and rising debt payments has raised the threat of future tax hikes, according to economists.

Borrowing rose to £17.4bn last month, marking the second highest October figure since monthly records began, according to official figures.

The Office for National Statistics (ONS) said public sector net borrowing was £1.6bn higher than the same month last year. It came amid the first set of borrowing figures since the Government announced significant spending measures in last month’s autumn Budget.

The surge in borrowing will pose fresh headaches for the government and Rachel Reeves in a week when inflation numbers outstripped the Bank of England’s target and rate-setters warned they will be forced to take a more gradual approach to easing borrowing costs.

While the latest government borrowing figures cover the weeks running up to the Budget on 30 October, the Chancellor will now face questions over her fiscal plans and she could be forced to consider more tax increases in future, according to economists at Capital Economics.

MORE

[johnwise] 21/11/2024 09:54

VIDEO

Shock revelations about Rachel Reeves fake life as Chancellor told she MUST quit

[johnwise] 21/11/2024 08:58

VIDEO

Rishi Sunak continuously said Labour would tax everyone into oblivion, and now we see how correct he was

TalkTV

[johnwise] 21/11/2024 08:25

Property firms dented by a sharper-than-expected hike in inflation


Housebuilders listed on the FTSE 100 have taken a notable knock following a sharper-than-expected rise in inflation last month.

Vistry, Berkeley and Persimmon were among those to be adversely affected by the 2.3% CPI inflation reading for October, led a raft of economists to suggest interest rates will not be cut again next month.

Concerns over the impact of this on mortgage rates, and subsequent demand in the property market, therefore weighed on the sector’s stocks.

Chris Beauchamp, chief market analyst at IG, said: “Tuesday afternoon’s recovery in stock markets has been waylaid by news that Ukraine has now used British missiles against Russian targets, while tech stocks have been further hit by some pre-Nvidia earnings nerves.

“Now that the initial post-election euphoria has faded, it is clear that markets are struggling for a catalyst to provoke a new rally.”

“The Bank of England was also already expecting headline inflation to average 2.4% in the fourth quarter of this year when the MPC cut rates earlier this month.

“Nonetheless, today’s news will add to nervousness about the outlook for inflation in the first half of next year, when the main impact of the increases in taxes and other business costs in the Budget will kick in.

[johnwise] 21/11/2024 08:14

The Daily Express

By Harvey Jones

Labour declares war on UK economy - brace yourself for 2025 recession


Has any new administration wreaked as much economic chaos and destruction in as short a time as Keir Starmer's Labour?

Just about everything Starmer and chancellor Rachel Reeves have done since winning the election on July 5 has backfired at speed. Just wait until Energy Secretary Ed Miliband gets going.

Within days of taking power, Starmer and Reeves sunk the tentative UK recovery, by talking down the economy and talking up the £22billion “black hole” they claim to have found in the nation’s accounts. Which suddenly became £40billion.

The UK's lords of chaos triggered widespread panic by threatening a barrage of tax hikes and spending cuts in the Autumn Budget on October 30.

Businesses ceased investing and hiring. Consumers stopped spending. Landlords raced to sell buy-to-lets while wealthy foreign entrepreneurs booked their flights.

The result? Starmer had promised a “laser-like focus” on getting the economy growing but instead zapped it dead almost instantly.

In the first three months on Labour’s watch, from July 1 to September 30, GDP grew by a meagre 0.1%.

That was down from a brisk 0.7% in the first quarter and 0.5% in the second.

Labour instantly turned the UK from the top performing country in the G7 to the second worst. In just three months.

The economy actually shrank by 0.1% in September. If it continues to shrink in the final quarter, we're on course for a technical recession in 2025.

All this is down to what Labour did before the Budget. Afterwards, all hell broke loose.

[johnwise] 21/11/2024 07:52

Public sector pay deals help drive up UK borrowing


Government borrowing was much higher than expected in October, as debt interest payments hit a record high and public sector pay rises contributed to higher spending.

Borrowing - the difference between spending and tax take - stood at £17.4bn last month, the second highest October figure since monthly records began in 1993.

The borrowing figures are the first to be released since Chancellor Rachel Reeves' first Budget last month.

"October’s disappointing public finances figures underline the fiscal challenge that the chancellor still faces," said Alex Kerr, UK economist at Capital Economics.

Jessica Barnaby, deputy director for public sector finances at the Office for National Statistics (ONS), which produced the figures, said: "Despite the cut in the main rates of National Insurance earlier in 2024, total receipts rose on last year.

"However, with spending on public services, benefits and debt interest costs all up on last year, expenditure rose faster than revenue overall."

[johnwise] 21/11/2024 07:35

Recruiters believe that companies are looking to relocate jobs overseas to manage the "triple whammy" of rising National Insurance contributions.

Rachel Reeves sparks jobs panic as 'tens of thousands' risk being moved abroad

[johnwise] 21/11/2024 07:04

We are world leaders, in a race to the bottom. How can this government not understand that economic growth relies on cheap and abundant energy? You can't enforce alternatives when the economy is struggling. No one else is doing it for this very reason.


UK Considers $10-Billion Fund to Help Net-Zero Power System Goals

The UK’s energy regulator Ofgem on Wednesday launched a consultation on a proposal to set up a new investment fund of up to $10.1 billion (£8 billion) that would help energy transmission owners to fast-track projects and control costs.

Ofgem’s consultation, which runs until December 18, is on a new investment fund worth between $6.3 billion (£5 billion) and $10.1 billion (£8 billion), also as part of a push to “beat other nations to attract international investment in the drive to net zero,” the regulator said in a statement.

[johnwise] 21/11/2024 00:20

21 Nov 2024 Grainger plc (GRI) FINAL RESULTS

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