Phoenix Share Discussion Threads

[yump] 12/10/2024 19:16

Thats a separate point, which is pretty much the same as saying there’s no point in lowering speed limits, because some people will still speed.

I’m ok with admitting that on a modest wage in the early 80’s, I had it easy. Paid the rent easily, Saved for house deposit, went out all the time, bought lots of clothes and cd’s. House was 3x salary etc etc.

We’ve now got an economy where half the working population are low wage servants to massive US corporations.

[tag57] 12/10/2024 18:38

Yump,
Sorry but there is also a mentality that puts holidays and Friday to Sunday nights out that also does not support saving for a pension.
Life is full of choices it is just that some take the short term view.

[yump] 12/10/2024 16:47

Saving for retirement is impossible for the high proportion of people in jobs with pay that just about allows them to live a reasonable life.

The median wage is pitiful. The average wage is irrelevant and hugely misleading.

[renewed1] 12/10/2024 13:53

Wow that is some CV...I think we are comfortable in this guys hands.

[skinny] 12/10/2024 12:09

Well, yesterday's actually :-)

[isis] 12/10/2024 12:05

It's into today's Times! :))

[mcunliffe1] 12/10/2024 11:35

Thanks Skinny. An interesting read. No idea how you found that though 👍

[jubberjim] 12/10/2024 11:01

Thanks for that Skinny

Don t understand half of it but like his sentiments

[skinny] 12/10/2024 10:42

I think its .

[mcunliffe1] 12/10/2024 10:31

having trouble accessing using your link tornado.

So, I search Times article with Andy Briggs and got a paywall page but can be viewed here:



I don't know if this is the correct report you mean tornado as this one is dated Nov 13th 2021. If it's not the correct one let me know the date of your report and some key words by which I may search.

thanks.

[tornado12] 12/10/2024 10:00

Sorry the link is article on e-Times today on a lunch interview with our illustrious CEO Briggs. Worth a read ..

[lauders] 12/10/2024 07:04

Would be great if posters could explain a bit about links they provide. I for one will never click or use a link that is just posted on its own. Not difficult to provide some info.

As for PHNX: I continue to hold in the knowledge that this is a safe divided payer and that one day I will get my initial investment back in dividends. I am over half way there at present.

[tornado12] 12/10/2024 06:43

hxxps://edition.pagesuite.com/popovers/dynamic_article_popover.aspx?artguid=072c034c-0df5-43e4-aaa0-b4c847202cae

[yump] 11/10/2024 09:30

PS

It must have been hugely exciting for the 200mln Prime members to have so many “exclusiveR21; special offers recently.

[lippy4] 11/10/2024 09:25

the last labour government sold off a prime central hospital site in a local town and then an american company supplied the money to build another out of town near a industrial park taking on more debt ..

the labour government then spent the money on one of its wasteful ideas as usual..governments like councils do not spend our money with care and thought..

[yump] 11/10/2024 09:10

I think the most debilitating attitude we have, that has crept up over many years is the “someone (or the gov) should do something”.

Everyone could do a little bit to help all sorts, seeing as we actually created the problems in the first place. eg. use one less plastic bottle a month. It all adds up.

Perhaps when it comes to the countries wealth, we can keep more of it here, by spending just a little more time finding businesses directly, rather than just using Amazon cos its easy.

The consequence of that would be that Amazon don’t get 5-15% of the sale, that the business would have if you buy direct.

By the way, don’t watch “The secrets of Silicon Valley” on iplayer. The contrast between the “we’ll change the world with out tech” idealistic geeks and the VC backers is very disturbing. Particularly Sam Altman calling the interviewer “anti-progress” just for questioning whether the tech will actually benefit society.

[netcurtains] 11/10/2024 08:24

lgen now blue

[mcunliffe1] 11/10/2024 08:15

I too have read about the fiscal borrowing rule changes.
Capital spend in private businesses can be beneficial but the money it costs is usually borrowed. The loan must be serviced and it clearly adds to any existing debt.

When the investment is complete the asset could well be sold, assuming there is a buyer, and it can realistically be valued at what it is believed a buyer would reasonably pay. But, in the case of government, it probably never will be sold.

Think hospital. Or school.

I have seen old schools closed down and sold off, the land being used for houses, but if the underlying demand for a replacement school exists then another plot is needed and a new build undertaken.

And of course, demand for such as schools is constantly increasing over the long-term.

This is sleight of hand economics.

[netcurtains] 11/10/2024 08:10

Nowadays the UK has chronically LOW productivity... I suspect an unexpected consequence of the new labour law will increase in productivity - eg less people doing very low paid work and decrease migration (a migrant worker might seem more likely to be "dodgy" to an employer).

Generally speaking no one is going to take on someone and sack them the next day (it might happen but very unlikely), if they are going to do that they will put them on a CONTACT rate not PERMANENT rate.........
Generally speaking the new labour laws MIGHT make a richer workforce as per Europe (and more productive) but just like Europe also possibly lead to less people doing really poorly paid work... So less demand for Migrant workers.

[mcunliffe1] 11/10/2024 08:07

For 14 years wllm, we've had a decreasing intelligent government. Or, over the past 14 years (and a bit) my intelligence has increased.

I suspect the former given the amount of alcohol I've consumed over those 14 years.

We now however find ourselves saddled with a new bunch many of whom have not had any experience of government. Those that have, such as Yvette Cooper, seem to have lost any sense over those 14 years.

I've read today that there's a fear amongst the top earning, senior doctors that under the 1995 agreement wherein upon retirement the 25% tax-free element must be taken as a lump sum. If Reeves, as suspected, drops the current £268k+ max to the suggested £100k it is suggested that many senior doctors will retire. I can see why.

So drop the 25% cash withdrawal demand.

Unlike private pensions in the 'real' world these government, gold-plated pension 'pots' are actually funded from current taxpayer income. If the withdrawal upon retirement demand is removed the doctor continues to work and the taxpayer defers the outlay.

The current rhetoric from the government is having a disastrous effect upon business. There must be so few now in positions of power within the Labour government who have actually run a business. It shows.

[montyhedge] 11/10/2024 07:57

I think for once you're right.

[wllmherk] 11/10/2024 07:45

I've noticed that too MCunliffe, I suspect yields on Government bonds and gilts are rising as there are rumours Reeves is going to change the fiscal rules around Government borrowing. I read somewhere they are considering classifying borrowing to invest in infrastructure as not debt and this could enable them to borrow up to £50bln. A bit like me deciding to replace my kitchen but not counting that as borrowing, or, buying a house and just writing that debt off, in my mind at least. Debt markets will want their pound of flesh to compensate for the increased risk of buying UK debt. I used to think the people in charge were clever, but, as I get older I can see they are not and that is worrying.

wllm :)

[netcurtains] 11/10/2024 07:31

If Phoenix share price was added to the inflation index would already be in deflation.

[mcunliffe1] 11/10/2024 07:22

Everything is drifting down. It's awaiting the budget as the whole country is.

We have two and a half weeks more of this lethargy. The worrying aspect for me lies in the ever increasing yield rates as the SP's fall - for no particular sensible business reason other than uncertainty for the future.

If this continues until end of October there may be some targets in the sights of predators particularly US predators.

Oh, that may well boost the share price but it's not ideal from my point of view as a long-term holder looking for dividend income into my SIPP for drawdown every March.