Marks And Spencer Share Discussion Threads

[debsdowner] 26/9/2022 11:23

Market cap breaches 2 billion on downside.

[debsdowner] 26/9/2022 11:21

shoesize what can we say but told you so MARKS ready to break into penny shares and if the pound goes to parrity markets will sell off big time as BOE will be forced to raise rates.

Truss has lost all Trust !

[debsdowner] 26/9/2022 11:15

Pound down -1.5% against dollar 1.0690

[debsdowner] 26/9/2022 11:12

NEXT also down 4% today so it isn't just MARKS who is being sold down all retailers will suffer.

[creditcrunchies] 26/9/2022 11:09

Meanwhile in the real world m&s were packed out over the weekend

[debsdowner] 26/9/2022 11:05

Piers Morgan says the GOV taken reckless action as £ plummets

[debsdowner] 26/9/2022 10:58

£ falls against every currency in the world as the rout continues



Where have the bulls gone ?

[debsdowner] 26/9/2022 10:55

MARKS is set to break £1 level soon unless the US investors buy in on fall in £.

[debsdowner] 26/9/2022 10:53

Pound versus dollar -1.1%

MARKS dowm 4% retailers will be hit badly with slump in £ all these tax give aways will be eroded by imported inflation.

[debsdowner] 26/9/2022 09:45

Pandemic savings evaporate



When they are gone they are gone and then people will really struggle.

Another thing which people fail to realize is growth doesn't come overnigh it can take many months and even years for stimulus to grow the economy.

[debsdowner] 26/9/2022 09:38

£ fell close to parity before rebounding but still down on the day



Gov borrowing costs surge as market reacts badly to budget

[debsdowner] 26/9/2022 09:32

Blackhorse you are wrong as I have explained to darrin the food and clothes inflation wiped out any gains. Worse still for families with a number of kids.

[debsdowner] 26/9/2022 09:30

darrin many pensioners don't pay council tax if they only get basic pensiand have to claim benefits and that is the same for a lot of low paid workers. These are points the Rowndtree Foundation point out as to the unfairness of the Tory budget which helps the top 5% of the population, the rest only make a small amount of money which is eaten up with inflation one way or the other.

In the meantime the £ has fallen a further 1% against the £ making imports from the US higher and holidays to the US dearer and as petrol is paid for in dollars it will hold back any falls at the forecourts.

If the £ keeps falling it will be a crisis for the GOV.

The markets do not like the budget.

[blackhorse23] 26/9/2022 08:26

Council tax rebates will help all big retailers , especially companies like CURY , jd etc in profit , will gain more profit

[darrin1471] 25/9/2022 22:39

"Council tax rebate no good to anyone who doesn't pay council tax"

Who does not pay council tax?

[debsdowner] 25/9/2022 21:22

No confidence vote if £ keeps falling it could be the shortest MP in history

Evening standard

Sami Quadri
Sun, 25 September 2022 at 4:01 pm·2-min read

"Liz Truss facing party pressure amid fears over pound slump
Conservative MPs are prepared to vote against Liz Truss’ tax cuts or submit letters of no confidence if the pound continues to slump, according to reports.

The pound’s value has dropped almost eight per cent against the US dollar in the past month. It has now shed 20 per cent of its value since January - hitting $1.09 on Friday - after the Government’s tax-cutting plans were introduced.

The Daily Telegraph now reports that some backbench Tory MPs are prepared to “hit the nuclear button” if the pound continues to fall.

One Tory MP told the paper: “My biggest anxiety is that I’m going to wake up on Monday and it’s going to be Black Monday.”

[debsdowner] 25/9/2022 21:14

£ v $ live



Loss on year over 17%

Loss on month 8%

What has the budget done to £ ?

Pummel the £.

[darrin1471] 25/9/2022 20:14

and the benefits taper was reduced. Still to high.

[darrin1471] 25/9/2022 20:03

£400 has been given to every household for energy bills.
£150 council tax rebate if your home is in council tax bands A to D.
£650 payment to more than 8 million low-income households on Universal Credit.

Total £1200

or

£400 has been given to every household for energy bills.
£150 council tax rebate if your home is in council tax bands A to D.
£360 NI and £45 NI

Total £955
+1% off income tax

Plus possible £100b on energy cap

What have the Roman's ever done for us?

[darrin1471] 25/9/2022 19:55

If you don't pay Council Tax because you get full Council Tax Support (Council Tax Reduction or Council Tax Benefit), you will get the £150 rebate.

hxxps://www.turn2us.org.uk/About-Us/News/England-Council-Tax-Rebate-2022

easy enough to check

[debsdowner] 25/9/2022 18:47

darrin, the average energy bill at least doubled from say £1,200 to £2.400

So the nat ins to save £360 per year.

A good proportion of low income households dont pay council tax so don't receive £150!

The other payments don't make up for increase in energy costs also you cannot include a sum for dissability benefits when not everyone is dissabled !!!

Come off it overall people are worse off.

Then lets move away from energy costs what about the rise in cost of food?

Then the rise in cost of clothes?

Then what about the riswe inInterest payments on a mortgage, or rise in rents which have gone up significantly the last 12 months.

The fact is the resolution foundation and even the press say the average person will be worse off and if the £ keeps sinking we will all be worse off.

[debsdowner] 25/9/2022 18:26

The Observer ridicules Truss budget setting out the richest and people earning over 150k will gain thousands while the poorer will get ever poorer with everything going up in price..



Labour is in front so far as the polls are concerned and there will be no conservative bounce which can happen after a new leader takes the helm.

Stocks will continue to fall and so will the £.