Plenty of shares that are on my shopping list hit my targets today - but I seem to have lost my appetite. |
 It took hours after the budget to come to the conclusion she will have to raise taxes again.
The £25bn she was trying to raise from NI - was going to lead to more unemployment for individuals, especially the young lower paid who will now not have a route into work, no experience and too expensive.
Then the near zombie businesses going under.
Then the large profitable businesses which offset the cost increases against their previous profits thus ensuring less corporation tax paid (4-5 £bn?)
So she created her own new hole - I don't believe the "black hole" story as their public sector wage settlements create that.
Then because it would inevitably lead to recession after they spent 4 months talking us into recession the £ would fall and bond yields rise thus increasing the Public sector interest bill.
Rachel from Customer services clearly has forgotten anything she ever learned about economics and will plunge the UK into a debt spiral with falling tax receipts and ever rising taxes to compound the error. |
Reeves is going to have to do an emergency budget, the borrowing costs for the Government feel like they are spiralling out of control. What is most worrying is this lot are in power for another 4.5 years and they had 14 years in opposition to prepare and plan for government. All the high yield stocks that I own are getting hammered and the losses will only stop when bond yields start to fall.
wllm :) |
The Gov bond sales yesterday/today have gone well.. :o(, look at the rates they are having to offer to get any buyers to take them away.. |
On another board someone just said
"Jitters about anything bond yield related is hardly a UK specific problem"
However -
Bloomberg just told us that US bond yields highest for 1 year
UK bond yields depending on the 10 year or 30 years - the highest since 2008 (16 years +)
or since 1998 (26 years +)
That IS a UK specific problem |
Thanks Skinny, I was being lazy, I don't hold enough to be too concerned. |
gbh2 - if you look at the 'Historic Rns', there was nothing of a financial nature released last year until the Full Year Results on 21 Mar 2024 - so unlikely, but not impossible? |
I know when the results are, what I was looking for was an update, often quarterly with most companies. |
We do a great job of talking ourselves down as well. |
From the Financial Calendar link in the header :-
19 March 2025 M&G plc Full Year Financial Results 2024 |
Are any financial updates likely in the near future? |
The FCA :- |
The FCA is not the only useless regulator in the UK. Sadly, none of them are fit for purpose despite employing thousands of people. Gas, water, electricity, rail, telecom, post. Cannot name a single one working for the consumer. |
Presumably that’s why Trump is in prison. |
Tackling the frauds that prevail in UK listed companies it's much safer to invest in the USA they jail the fraudsters and they get real jail time,This never happens in the UK replacing the hapless FCA is a must what a useless shambles of a regulator.And the last twit in charge is now the bank of England head. |
Doesn't removing stamp duty on shares just encourage short term trading over longer term investing?
Perhaps the authorities should focus on cracking down on insider trading and short selling? |
Excellent article (thanks!), and i certainly agree with his thoughts re British ISA, tax allowances and stamp duty on UK investments. |
Unlocked :- |
It's behind a paywall. Any chance of a couple of bullet points? |
Andrea Rossi writing in todays Sunday Times:
My three-point plan to revive our stock market and help investors |
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