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[mount teide] 06/10/2018 12:49

Then only large organisation left in the modern world to still rely on fax machines and pagers?

Yes, the UK NHS!

With this revelation in mind it was good to read that an influential Conservative MP who used to work for Theresa May is pushing plans for nearly one million public sector non-jobs to be automated by 2030, including nearly 500,000 non-jobs in the NHS.

George Freeman said that "automating" the NHS would save £12 billion a year. He said the jobs would be moved from the public to private sector. Yer right - that means another million on the dole then because most will be unemployable in the private sector where you are expected to productively work for a living).

Predictably, Corbyn's hard left Marxist Party Employment Minister Alok Sharma said 'automating' the administrative jobs within the NHS was unacceptable as it would be "putting patient safety at risk". You could't make it up!

[hazl] 06/10/2018 12:42

I used to rate the Guardian but it has changed over the years and I don't think the readers are aware of it.
It is interesting to hear John Pilger's negative view on it. .
He is intellectual but fair to my mind.
There are so many conflicting views currently and complications that make sifting through the rubble of the political deceit all the more tricky.

[mount teide] 06/10/2018 12:31

Where the Referendum decision is concerned - there is no hard Brexit, soft Brexit, medium brexit, Norway or Chequers Options etc.

These are all the fantasy world of the referendum losers desperate to cling on to some self serving shared sovereignty relationship with the sclerotic EU.

Leave means as Donald Tusk beautifully explained for the hard of hearing referendum losers - "leaving the SM, CU and ECJ".

Of course it does Donald - thanks for reminding the British Nation what our venal, anti-democratic referendum losers already knew!

[grannyboy] 06/10/2018 12:29

No mention of Robotics or automation that has been going on and will continue to the detriment of manual workers, and thus less needed...but it suits the europhiliacs to claim that LEAVING the eu would be catastrophic for the 'less' educated...

[grannyboy] 06/10/2018 12:20

Those who rely on cheap Labour and those who aspire to riding the eu gravy train......


RE: "MT, remind me: which group of people is going to be proportionately affected by a hard Brexit"

[mount teide] 06/10/2018 12:20

Hardworking taxpayers should not be expected to fund a public service provider so politically biased some of its own senior employees recently felt the need to go record to describe it as having an "embarrassing left wing bias from top to bottom".

[brucie5] 06/10/2018 12:17

Let me remind you:

[brucie5] 06/10/2018 12:17

Mount Teide
6 Oct '18 - 12:14 - 69064 of 69064
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...routinely demonstrating complete indifference to those less well off
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MT, remind me: which group of people is going to be disproportionately affected by a Hard Brexit?

[grannyboy] 06/10/2018 12:15

Yes of course the BBC licence fee HAS to be abolished, they should have to fund their own ideology and not rely on the public to be brainwashed with their liberal left dogma..

[brucie5] 06/10/2018 12:10

Mt, I imagine you'd like the license fee abolished, to make way for more US style infowars scenario, yes?

[brucie5] 06/10/2018 12:08

No, I believe article 50 can be rescinded at any time by us, if an agreement has not been reached.



Only way to avoid a hard brexit, probably, for which there is no consensus. Not a question of what I or you want, if May fails to get her business passed by Parliament, then parliament will need either call an election or hold another referendum. 60 Tory mps wanting a hard brexit are insufficient to swing a parliamentary majority, but would be enough to block chequers with Labour. Trouble is, blocking is easy, but noone, short of a People's vote, would have the authority to actually enact anything. Just sayin'.

[mount teide] 06/10/2018 12:06

Many say the BBC and EU are two cheeks of the same A*se.

This in fact not true - the BBC unlike the EU allows its former/existing senior staff like John Sissons and John Simpson to criticise it without putting themselves at risk of losing their pensions( they both recently described the BBC as having an embarrassing left wing bias running from top to bottom).

Whereas former unelected EU commissioners Lords Kinnock, Mandelson and Patton(all either rejected by the UK electorate at the ballot box or had to resign in disgrace multiple times) are not allowed to utter a word of criticism against the EU without putting their film star pensions at risk.

Thankfully, in Britain, despite the long tentacles of the suffocating EU we have a Parliament and a private sector where free speech is still largely allowed, although heavily influenced by political correctness.

Sadly, the cosseted world of the Treasury, Whitehall and Liberal Left Establishment still has a language all its own. It is one of those tongues spoken fluently by the Guardian's left leaning public sector administrative/political class readership, yet largely incomprehensible to most of the electorate.

For the non linguists in the private sector it is more commonly known as 'breathtaking hypocrisy' and 'high minded, self serving arrogance'.

[mr roper] 06/10/2018 11:33

Lol...oh aye, Britain will come up with a list of Eu reforms walk back to Brussels and say, sorry for wasting your time in the last two years, appreciate you’ve moved on sorted out your next budget, abolished rebates etc but we’d like to keep ours on the conditions that you reform..

And Brussels..says..sure, in you come, welcome back with open arms lol...

For article 50 to be rescinded/extended I understand all 28 countries have to agree, it’s not something the uk can do unilaterally yet.

Either way, I think the bigger issue is the Eu elections in May. The first ones without UK meps. The clock is ticking.

[brucie5] 06/10/2018 11:10

Good analysis of the current impasse. If the government fails to get its Chequers plan through, Article 50 will need to be rescinded, pending a further referendum on what the country actually wants. This would involve consultation and reform.

"The outcome of a national consultation on Britain’s relationship with Europe, and the reforms the bloc needs, could then be negotiated with the EU and eventually ratified in a referendum. A reformed membership of the EU could win broader support."

[grannyboy] 06/10/2018 11:07

LOL!!! That's got to be a laugh..in the Telegraph article..

'Government sources made clear Mrs May will not be 'pressured' into softening her red line's

The last time Maydance had any red lines, it was from her school report, where it said 'must do better' and underlined in red ink..

[7kiwi] 06/10/2018 08:23

EU admits its laws and regulations hold back growth.

From Twitter:

Fancy version:
• ‘EU will demand stronger level playing field conditions to ensure the UK doesn’t gain a competitive advantage in regulatory standards, employment law & state aid’

Plain English version:
• ‘EU will demand an end to UK democracy’

[alphorn] 05/10/2018 21:59

Aleman - a bit of yes and no!
Because an obligation is difficult to determine does not mean that it is not a liability.

The point that you raise on a nation's assets is interesting because debt to assets is a measure by itself rather than debt to overall economic activity (GDP).

We need the total analysis if it is available!

Once interest rates start to return to higher levels debt will move towards centre stage. Next year???

[brucie5] 05/10/2018 21:47

Mount Teide
5 Oct '18 - 17:37 - 69049 of 69053
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Brucie - drip feeding into precious metals in a rising inflation and interest rate environment?

Suggest you do some research worthy of the name.
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Yup, thanks. I do my research. 2016 was a good year for me on pms, and jumped considerably on the Brexit disaster -I mean referendum result. But have come down significantly since, and in 2017/18, tech has probably been the best place to be.

Re. oil, it may not pay to look at the past here, as environments are changing, not least in favour of green energy, so the macro picture is really quite difficult to read. However, I have picked up some GENL, as the PoG strengthens.

What you don't mention here is the strong possibility of a market crash. Thoughts on that?

[brucie5] 05/10/2018 21:40

And you can see why he's concerned. Ironically, the very same constituency who voted disproportionately for Brexit. This is why fundamentally, the BRIXITEERS are divided: the rich want lower taxes and diminished labour and environmental standards, like the alt right in America; while the poor just want someone to notice them. Unsurprisingly. Trump's last tax cut went mainly to the wealthiest 1%. Is that the direction most people here want to travel?

[mount teide] 05/10/2018 20:33

With the World Health Organisation recently predicting 50% of Brits will be obese by 2050 - Senior health service professionals in the organisation must despair reading 'News' items such as this below in UK National newspapers



'Chip shop starts selling battered Terry's Chocolate Orange - and it's selling out.

Eatery Adam’s Bay started offering locals the battered treat ahead of Christmas.
And so far the sickly surprise has been flying off the shelves.

The shop in Gainsborough, Lincs, asked their customers to choose one item to become their novelty deep-fried snack for the festive season. Battered mince pies, yule log and Christmas pudding were also among the options.

Yet when the shop workers tried the deep-fried Terry’s Chocolate Orange, they knew it was a winner.

Owner Helena Papadamou said: “It was sublime so we decided to make it our novelty item for Christmas.

"It's definitely more of a sharer. When we tried it, we broke it into segments each and the middle just oozed out all melted. It was very gooey too. In the restaurant we serve it with ice cream but there also is an option with takeaway to buy it with a pot of ice cream,” she told Lincolnshire Live.

People are coming from all over the UK Helena said: "One morning as soon as we opened, someone had driven all the way from Lincoln and ordered four of the battered chocolate oranges." '

[aleman] 05/10/2018 17:52

Alphorn - Yes and no.

I don't think you really include future pension obligations as debt but they should be noted separately for clarity. Retirement ages are being increased, life expectancies are reducing, and contributions from state employees are creeping up. Discount rates vary over time. Debt is mostly a steady figure - an amount borrowed and paid back, subject to interest compensation - usually fixed for government. It can be added to or paid off but otherwise is constant until maturity and paid off or rolled (at which point the interest will likely change). It behaves differently from a pension deficit which swings massively with the aforesaid accounting estimation variables. It is best published but kept separate as it is not quite as rigid.

Likewise financing schemes, which are a committed cost - part capital and part servicing - which produce a public asset after, typically, 25 years so it is adding to the nations assets rather than just being an expense without return. You get something back at the end of these - although they might be obsolete!

I'd make sure they were tracked and published similarly but separately from debt. Lumping then together could be slightly misleading

[mount teide] 05/10/2018 17:37

Brucie - drip feeding into precious metals in a rising inflation and interest rate environment?

Suggest you do some research worthy of the name.

Long history has shown us there are far better assets to hold when inflation starts to rear its ugly head and interest rates rise.

Oil and Copper's power to shield an investment portfolio from inflation is without parallel according to recent research by Bloomberg Intelligence: for every 1% increase in US consumer prices since 1992 to 2017, oil and copper's gains have hugely outperformed every other asset class:

28% - Oil
18% - Copper
12% - Industrial Metals
7% - Agriculture
6% - Precious Metals
5% - Gold
2.5% - S&P
1.0% - CPI

If you then consider Oil and Copper are currently in the early stages of recovery from a brutal half decade recession which saw a waterfall drop in pricing (oil down 79% and Copper down 59%), while the S&P is close to all time highs - it does not take a Phd in applied maths or perhaps even an 'ology' to work out the likely relative performances over the years ahead.

Then, if you consider that oil and copper equities routinely lag the recovery in the price of the commodities during the first 2-3 years of the recovery stage of a new commodity market cycle and you may get a good understanding as to where the smart money is now increasingly putting their funds to work.



If you conducted some serious research you will also find that a number of "thick" brexiter ADVFN posters have front run much of the smart money and been invested in oil and copper since H2/2016; clocking up gains between 150% and 500% on initial 6 figure investments(that have been added to heavily as the investment case strengthened) in companies mentioned here like TXP and ARS.

AIMHO/DYOR