Phoenix Share Discussion Threads

[aleman] 04/7/2024 21:56

Meanwhile, I stumbled upon this - so maybe as one door closes, another one opens?



On July 16, 2023, CPTPP parties signed an accession protocol with the UK, welcoming them as the 12th member. The CPTPP will enter into force for the UK once all CPTPP members, including the UK, complete their respective ratification processes. If all members have not ratified it by October 16, 2024, the protocol will enter into force after six CPTPP members and the UK ratify the agreement.

According to the National Assembly’s Standing Committee, there might be six CPTPP members who complete their ratification of the accession protocol by October 16, 2024, meaning that the protocol will come into force from December 16.




CPTPP will now have 12 members: Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, and Vietnam, as well as the UK. We are the first new signatory to the agreement since it was finalised.

CPTPP will now span four continents, covering a population of more than half a billion people. The combined GDP of the 11 CPTPP members and the UK is worth around £12 trillion (2022).

[pj84] 04/7/2024 20:42

Trader bets £2m on biggest interest rate cut in four years - 4 July 2024 • 6:07pm

"A money markets trader has placed a £2m bet on the Bank of England making the biggest interest rate cut in four years next month after inflation fell back to its 2pc target.

The trader would stand to net an £8m profit should policymakers reduce borrowing costs by half a percentage point from 5.25pc to 4.75pc in August, according to Bloomberg News."

If the trader wins his bet, that could give the market the boost we have all been waiting for.

[netcurtains] 04/7/2024 18:52

McunLiffe1: You're mixing LEFT with LIBERAL again....

The UK Labour party was founded by Keir Hardie
This is what Keir famously said about Polish migrants:


All I know for sure is the UK gets 39 million tourists (short term migrants)
every year filling up AIRb&bs, motorways, hospitals the lot.
Tourism is the main problem, migration is the secondary problem but it is closely
linked to Tourism

The only way to reduce both migration and tourism is increase the cost of airflights and landing fees etc, and build less airports....

[rongetsrich] 04/7/2024 18:30

Scruff, behave.

[mcunliffe1] 04/7/2024 18:05

The interesting aspect of your linked article net was reading that Moustapha was deported back to Morocco by the Dutch police once he'd made it to The Hague where he lived for an unstated period of time.

All hell breaks out if the UK ever tried to send illegal migrants back to their own country. The Dutch managed it though.

I agree that voting right wing doesn't magically stop people fleeing countries for a (better) life. Left or right; we cannot stop them leaving any counytry other than the UK.

Trouble is, we can't stop them entering the UK either. Left nor right - equally incapable.

So the answer lies in discussing, planning and managing immigration. When that starts we are on the right road.

Do you think such will occur under Starmer? A left of centre lawyer. I very much doubt it. And that will cause issues with the unions when wages are supressed because of cheap labour arriving on a regular basis and if not working in the real economy then working in the not-white economy and hence not contributing to taxes.

[scruff1] 04/7/2024 17:27

4605
Dont you dare

[cyberbub] 04/7/2024 17:25

Of course there are easy answers to the world's problems - you only have to look at your phone!!

[netcurtains] 04/7/2024 17:00

Lord Gnome: That is right wing clap trap.
This is the truth:



The reason the UK is voting Labour today is because we have seen that voting right wing does not magically stop people fleeing their countries for a "life"...There is no easy leftie or rightie answer. I'll be very surprised if France suddenly resolves their migrant crisis.

[lord gnome] 04/7/2024 16:53

Not the EU's fault eh, Redhill. Let me take you back a few years. Do you remember when all those boat people from Africa washed up in the Canary Islands? Lots of people applauded the kindly Spanish for giving them passports - which meant free travel to anywhere in the EU with full residential rights. Kinda explains why they are all now living in Birmingham.

[jubberjim] 04/7/2024 15:54

graham get your self righteousness across to lloy

You will now enjoy it

[netcurtains] 04/7/2024 15:42

grahamburn: you have not posted on this thread since January.

As a businessman I would rather people used my Message Board than did not....

At least our silly posts are bringing peoples attention to this investment.

You on the other hand are not really bringing anything to the ADVFN share holder table.....

As investors say "you have to be in it to win it"

[gbh2] 04/7/2024 15:42

IF you think investing in PHNX is totally detached from politics, you're in the wrong game.

[grahamburn] 04/7/2024 15:30

This board has become such a hotpotch of political discussion it's a waste of time for potential and current investors who want to learn about or discuss Phoenix Holdings.

Please can those interested in anything other than the company which is at the top of this board decamp to other pastures where they can graze and pontificate on what interests them to their hearts' content.

Let's keep this board for investment discussions relating to Phoenix. OK, this may well involve discussing the effects of interest rates, bond markets, pension policies (both individual and government actions so far as these affect the company's activities), but not wider political events both modern and historic.

Thank you.

Otherwise perhaps serious investors should consider a new board dedicated solely to what it says on the tin - investing or dis-investing.

[chatchat] 04/7/2024 15:07

Harold Wilson won the 1966 World Cup - there was me thinking it was the English Football team mangaged by Alf Ramsey

[redhill] 04/7/2024 15:05

Yes and it was the brain washing of the newspaper barons that persuaded a majority to vote for Brexit.
These owners had very little power in the EU and once we came out they could dictate policy in Britain.

Take for example before the vote. They all carried a front page headline of boat people arriving on shores to make us believe it was the EU's fault. People were gullible enough to believe them.

[netcurtains] 04/7/2024 14:33

Looking at the FTSE long term graph there is no significant economic difference between Labour and Conservatives.

People with long memories who knock Harold Wilson of 1960s and 70s forget he:

1. Started the open university decades before the internet or any other nation.
2. Won the world cup in 1966.
3. Invested in INMOS the early silcon chip and thus leading the way to ARM and the UKs great chip industry ("White Heat of Technology").
4. The Gull wing car De Loran - it did not make any money but it got the UK at the front of good car design.
5. The Beatles and the original "Cool Britannia" .
6. Concorde
7. And most important of all he managed to keep the UK out of the vietnam war.
8. He introduced the seatbelt and the breathalyzer saving countless numbers of lives.

Yes too many cons concentrate on the bad. Alas, due to right wing press of murdoch et al (daily Mail etc) they have faulty memories bought on by years of journalistic drip drip drip brain washing .

[gbh2] 04/7/2024 14:30

tournesol 4 Jul '24 - 13:51 - 4596 of 4596 (Filtered)

Nothing to add to the thread imo.

[mcunliffe1] 04/7/2024 13:35

alotto: apologies fopr making a throw-away comment without my expanding upon such. Your question is therefore very valid.

I'm old enough to know that old Labour really does tax more and spend more. The latter is often dictated by the Unions as sucg feel they have more chance of a Labour government giving way to demands. The Civil Service unions will be quickly out of the blocks I suspect. The markets will perceive there will be higher spending/tax and that may well result in the BofE NOT reducing rates quite as quickly as the market may have hoped. This will strengthen the pound should the EU and/or USA drop their rates and a stronger pound may help the dollar earners such as BATS and the Oil companies. Not PHNX though.

Pensions may be 'tapped' by Labour as a source of funds as any ill effect is delayed until you start to receive your pension. I'm talking private pensions here. The civil service pensions are pretty untouchable and hence, core Labour supporters will be less adversely affected than private individuals. THAT will affect LGEN and PHNX and similar.

It might take six months, it might take a couple of years but disillusionment will undoubtedly set in; in the market first and then in the investing public.

This is all in my opinion of course and I may be talking cobblers.

[gbh2] 04/7/2024 12:36

Odds on they're just as bad, money is already leaving the country, more will go if this lot turn out to be anything like previous Labour governments.

[cyberbub] 04/7/2024 12:30

Whatever your left/right political viewpoint, whatever conspiracies or scare stories you do or don't believe in, the basic point is that the markets are clear that the Tories are, and have been for the last several years, a cynical, lying, corrupt, flip-flopping, incompetent bunch of cats in a sack - and that can't be good for the markets, or economic stability and development. We'll have to see how well Labour do, clearly, but at least for the next parliamentary term it's highly unlikely that they will be as incompetent and corrupt as the Tories have been for the last term....

[alotto] 04/7/2024 12:24

Mcunliffe why do you say sour?