Rishi Sunak's approval rating has dropped back after last week's high, though still higher than before Easter, 41% approve, 29% disapprove, net is -12 pic.twitter.com/Z12OhMej3G
This is one aspect of the "stalemate" narrative that is worth considering. How long can Russia maintain a stalemate without extensive external support? Can they last as long as the inauguration of the next US President in January 2025, in the hope that it will be Trump and the support for Ukraine will stop?
If they're using T-55s now then I don't think they can last that long.
Appearances can be deceiving, but so far they have scraped by unfortunately. It's just so costly to go on the offensive to take back territory for Ukraine I guess.
I expect the protestors will go that lovely gammony shade of puce in outrage. Its a horse race. If we didn't have horse racing these animals wouldn't be bred at all.
If none of these animals exist at all, is that them being "saved"? p
This is one aspect of the "stalemate" narrative that is worth considering. How long can Russia maintain a stalemate without extensive external support? Can they last as long as the inauguration of the next US President in January 2025, in the hope that it will be Trump and the support for Ukraine will stop?
If they're using T-55s now then I don't think they can last that long.
That’s a T-55 - five wheels rather than six on more modern T62 and T72 tanks. The Russians have a few hundred of them in various states of storage, there have already been stories of good ones raided from museums to be prepared for battle.
The NATO tanks that will be going up against them, are somewhat better.
This is one aspect of the "stalemate" narrative that is worth considering. How long can Russia maintain a stalemate without extensive external support? Can they last as long as the inauguration of the next US President in January 2025, in the hope that it will be Trump and the support for Ukraine will stop?
If they're using T-55s now then I don't think they can last that long.
That’s a T-55 - five wheels rather than six on more modern T62 and T72 tanks. The Russians have a few hundred of them in various states of storage, there have already been stories of good ones raided from museums to be prepared for battle.
The NATO tanks that will be going up against them, are somewhat better.
That's great. However........ does Ukraine have sufficient control of the skies and will it be enough to push all the way to the sea of Azov cutting the land bridge? It would be an awful shame if the advance peters out because we weren't prepared to provide fighter jets and ATACMS. I still haven't seen an explanation for that other than the dangerous escalation answer.
Now to abandon the ones that have already been built so the stupid wankers won't put up ludicrous speed limits for invented 'incidents' 'obstructions' and 'queues.'
Entirely off-topic, I am perusing PCs as thinking about investing in a power tower system which has plenty of umph for 4k rendering.
Blimey! Price of graphics cards!!!
I manage to get by upgrading my PC about every 6-7 years without experiencing difficulty, gods only knows how people can afford multiple top end cards frequently.
This is one aspect of the "stalemate" narrative that is worth considering. How long can Russia maintain a stalemate without extensive external support? Can they last as long as the inauguration of the next US President in January 2025, in the hope that it will be Trump and the support for Ukraine will stop?
If they're using T-55s now then I don't think they can last that long.
That’s a T-55 - five wheels rather than six on more modern T62 and T72 tanks. The Russians have a few hundred of them in various states of storage, there have already been stories of good ones raided from museums to be prepared for battle.
The NATO tanks that will be going up against them, are somewhat better.
That's great. However........ does Ukraine have sufficient control of the skies and will it be enough to push all the way to the sea of Azov cutting the land bridge? It would be an awful shame if the advance peters out because we weren't prepared to provide fighter jets and ATACMS. I still haven't seen an explanation for that other than the dangerous escalation answer.
There are air defence systems included in the military aid. The Russians have basically stopped flying in Ukraine now, because half of their losses of aircraft have been from friendly fire, with the Russian forces unable to distinguish a Russian MiG-29 or Su-27, from a Ukranian MiG-29 or Su-27. ATACMS is there, but being used sparingly as they’re expensive and rare. The land route to Crimea is not safe for the Russians, and they know it.
Now to abandon the ones that have already been built so the stupid wankers won't put up ludicrous speed limits for invented 'incidents' 'obstructions' and 'queues.'
They've only just finished the one on the M5 at Wychbold. Three years of carnage as they built it, a year of carnage whilst it was operational and another 3 years to turn it back to a regular motorway. What an utter waste of time and taxpayer's pounds.
Interesting that Labour sources have apparently said they believe they are more like 10 to 12 points ahead, not the 18 points in the opinion polls.
Pretty standard for parties to say that in order to GOTV. Never obvious that they actually believe it.
Anything more than level pegging has Sunak as toast at a GE, of course.
And remember that ICM (the only pollster not to embarass themselves in 1997) had Labour leads in the range 12 - 22 percent across 1996.
Things might change, but as things stand it looks a lot closer to 1997 than 1992 for the Conservatives. What consequences that has for Labour remain to be seen.
I expect the protestors will go that lovely gammony shade of puce in outrage. Its a horse race. If we didn't have horse racing these animals wouldn't be bred at all.
If none of these animals exist at all, is that them being "saved"?
The ultimate aim of these people is the abolition of livestock farming and making everyone adopt veganism. I'm not sure if they expect racehorses (and cattle, sheep, pigs, bees and so on) to be released to go feral, or if they want domesticated animals simply to die out so as to make more room for wildlife.
The Grand National is just the most convenient opportunity to garner publicity for the cause. If jump racing ended tomorrow they'd go after flat racing and eventing. If equine sport ended tomorrow then they'd probably start picketing dairy farms.
Launched in April 2020 when the prime minister was chancellor, the fund was designed to help promising startup businesses ride out the pandemic. It was administered by the British Business Bank (BBB), the UK state development vehicle designed to increase the flow of lending to growing companies.
Under the scheme, the BBB would lend firms between £125,000 and £5m, matching parallel investments from private investors, with the loans converting into shares when the company next raised capital.
By January 2021, Sunak told the House of Commons that the fund had ridden to the rescue of 1,000 of Britain’s “fastest-growing startup companies”. That upbeat assessment belied a history of serious misgivings behind the scenes.
In May 2020, shortly after the fund was created, the BBB chief executive, Keith Morgan, wrote a “reservation notice” to ministers warning of concerns that the scheme would only attract “second tier” companies that could not attract investment from elsewhere and that achieving value for money for the taxpayer was “highly uncertain”. If the BBB were to go ahead with it, he said, it would need to be expressly instructed to do so by ministers.
… Many of the fund’s loan recipients were neither startups nor fast-growing. Some had connections to Sunak and the Conservative party, while others had wealthy investors, such as the Duke of Westminster or EasyGroup tycoon Stelios Haji-Ioannou. Still more simply proved to be bad bets, going bust and leaving the taxpayer on the hook for millions…
Be interesting to see how this progresses over the next year. So far only around 10% of the fund is definitely irrecoverable.
Now to abandon the ones that have already been built so the stupid wankers won't put up ludicrous speed limits for invented 'incidents' 'obstructions' and 'queues.'
They've only just finished the one on the M5 at Wychbold. Three years of carnage as they built it, a year of carnage whilst it was operational and another 3 years to turn it back to a regular motorway. What an utter waste of time and taxpayer's pounds.
Starmer fans please explain.
Wasn't the point of smart motorways to save money by getting more motorway lanes (and potentially better flow) without the expense of actually rebuilding the roads with more width?
So, if they are being scrapped, are we spending shedloads to create road capacity out of concrete, or tolerating extra delays?
I expect the protestors will go that lovely gammony shade of puce in outrage. Its a horse race. If we didn't have horse racing these animals wouldn't be bred at all.
If none of these animals exist at all, is that them being "saved"?
The ultimate aim of these people is the abolition of livestock farming and making everyone adopt veganism. I'm not sure if they expect racehorses (and cattle, sheep, pigs, bees and so on) to be released to go feral, or if they want domesticated animals simply to die out so as to make more room for wildlife.
The Grand National is just the most convenient opportunity to garner publicity for the cause. If jump racing ended tomorrow they'd go after flat racing and eventing. If equine sport ended tomorrow then they'd probably start picketing dairy farms.
Spot on. They are fanatics and they need to be fought in this trench, or they will simply move on to the next.
This is one aspect of the "stalemate" narrative that is worth considering. How long can Russia maintain a stalemate without extensive external support? Can they last as long as the inauguration of the next US President in January 2025, in the hope that it will be Trump and the support for Ukraine will stop?
If they're using T-55s now then I don't think they can last that long.
That’s a T-55 - five wheels rather than six on more modern T62 and T72 tanks. The Russians have a few hundred of them in various states of storage, there have already been stories of good ones raided from museums to be prepared for battle.
The NATO tanks that will be going up against them, are somewhat better.
That's great. However........ does Ukraine have sufficient control of the skies and will it be enough to push all the way to the sea of Azov cutting the land bridge? It would be an awful shame if the advance peters out because we weren't prepared to provide fighter jets and ATACMS. I still haven't seen an explanation for that other than the dangerous escalation answer.
There are air defence systems included in the military aid. The Russians have basically stopped flying in Ukraine now, because half of their losses of aircraft have been from friendly fire, with the Russian forces unable to distinguish a Russian MiG-29 or Su-27, from a Ukranian MiG-29 or Su-27. ATACMS is there, but being used sparingly as they’re expensive and rare. The land route to Crimea is not safe for the Russians, and they know it.
Well I hope you are right. It's quite possible that there is more support being provided than we have been made aware of, not least so the Ukrainians have the element of surprise when they do attack. However the dragging of heels over tank deliveries and the sense of half-heartedness in many western countries doesn't fill me with optimism.
Now to abandon the ones that have already been built so the stupid wankers won't put up ludicrous speed limits for invented 'incidents' 'obstructions' and 'queues.'
They've only just finished the one on the M5 at Wychbold. Three years of carnage as they built it, a year of carnage whilst it was operational and another 3 years to turn it back to a regular motorway. What an utter waste of time and taxpayer's pounds.
Starmer fans please explain.
Wasn't the point of smart motorways to save money by getting more motorway lanes (and potentially better flow) without the expense of actually rebuilding the roads with more width?
So, if they are being scrapped, are we spending shedloads to create road capacity out of concrete, or tolerating extra delays?
The ones round here create at least as many delays as they solve.
This is one aspect of the "stalemate" narrative that is worth considering. How long can Russia maintain a stalemate without extensive external support? Can they last as long as the inauguration of the next US President in January 2025, in the hope that it will be Trump and the support for Ukraine will stop?
If they're using T-55s now then I don't think they can last that long.
A lot will have changed by 2025, but I don't think Trump in the White House would help Putin in practice.
Most likely Trump would just repeat his previous theatrics with NATO and make a show of demanding that Europe pays for taking care of its own backyard. Countries like Poland are not going to shrug and say, "Well we might as well sell them out to Russia."
This is one aspect of the "stalemate" narrative that is worth considering. How long can Russia maintain a stalemate without extensive external support? Can they last as long as the inauguration of the next US President in January 2025, in the hope that it will be Trump and the support for Ukraine will stop?
If they're using T-55s now then I don't think they can last that long.
That’s a T-55 - five wheels rather than six on more modern T62 and T72 tanks. The Russians have a few hundred of them in various states of storage, there have already been stories of good ones raided from museums to be prepared for battle.
The NATO tanks that will be going up against them, are somewhat better.
That's great. However........ does Ukraine have sufficient control of the skies and will it be enough to push all the way to the sea of Azov cutting the land bridge? It would be an awful shame if the advance peters out because we weren't prepared to provide fighter jets and ATACMS. I still haven't seen an explanation for that other than the dangerous escalation answer.
There are air defence systems included in the military aid. The Russians have basically stopped flying in Ukraine now, because half of their losses of aircraft have been from friendly fire, with the Russian forces unable to distinguish a Russian MiG-29 or Su-27, from a Ukranian MiG-29 or Su-27. ATACMS is there, but being used sparingly as they’re expensive and rare. The land route to Crimea is not safe for the Russians, and they know it.
Well I hope you are right. It's quite possible that there is more support being provided than we have been made aware of, not least so the Ukrainians have the element of surprise when they do attack. However the dragging of heels over tank deliveries and the sense of half-heartedness in many western countries doesn't fill me with optimism.
I’m more optimistic. It’s really not half-hearted, it’s simply a difference in how NATO military doctrine works, compared to Russian military doctrine. We don’t keep thousands of tanks, we keep dozens of them, and they are important assets that need to be supported by infantry and air defences.
Interesting that Labour sources have apparently said they believe they are more like 10 to 12 points ahead, not the 18 points in the opinion polls.
"Labour sources have apparently said"? Seriously?
A shadow minister allegedly according to the Times.
You'll forgive me if I'm not wholly convinced and I'm also surprised the Times just accepts it. Presumably it's what the Times would like to hear and it does Labour no harm to try and put about the notion it's a closer contest than the polls suggest as a way of getting the vote out.
We'll know more after the locals - I'd be looking at big Labour gains especially but not exclusively from the Conservatives. Hopefully we'll see a thread looking at some of the main contests. Smarkets have only Surrey Heath, West Berkshire and Wirral up as betting opportunities.
This is one aspect of the "stalemate" narrative that is worth considering. How long can Russia maintain a stalemate without extensive external support? Can they last as long as the inauguration of the next US President in January 2025, in the hope that it will be Trump and the support for Ukraine will stop?
If they're using T-55s now then I don't think they can last that long.
That’s a T-55 - five wheels rather than six on more modern T62 and T72 tanks. The Russians have a few hundred of them in various states of storage, there have already been stories of good ones raided from museums to be prepared for battle.
The NATO tanks that will be going up against them, are somewhat better.
That's great. However........ does Ukraine have sufficient control of the skies and will it be enough to push all the way to the sea of Azov cutting the land bridge? It would be an awful shame if the advance peters out because we weren't prepared to provide fighter jets and ATACMS. I still haven't seen an explanation for that other than the dangerous escalation answer.
There are air defence systems included in the military aid. The Russians have basically stopped flying in Ukraine now, because half of their losses of aircraft have been from friendly fire, with the Russian forces unable to distinguish a Russian MiG-29 or Su-27, from a Ukranian MiG-29 or Su-27. ATACMS is there, but being used sparingly as they’re expensive and rare. The land route to Crimea is not safe for the Russians, and they know it.
Well I hope you are right. It's quite possible that there is more support being provided than we have been made aware of, not least so the Ukrainians have the element of surprise when they do attack. However the dragging of heels over tank deliveries and the sense of half-heartedness in many western countries doesn't fill me with optimism.
The first Western tanks are in Ukraine. The recent ammo deal between South Korea and the US has freed up several hundred K of 155 rounds.
I rather get the impression that Ukraine is finishing a build up of forces. Certainly they haven’t put he latest deliveries in the front line. Yet.
This is one aspect of the "stalemate" narrative that is worth considering. How long can Russia maintain a stalemate without extensive external support? Can they last as long as the inauguration of the next US President in January 2025, in the hope that it will be Trump and the support for Ukraine will stop?
If they're using T-55s now then I don't think they can last that long.
That’s a T-55 - five wheels rather than six on more modern T62 and T72 tanks. The Russians have a few hundred of them in various states of storage, there have already been stories of good ones raided from museums to be prepared for battle.
The NATO tanks that will be going up against them, are somewhat better.
That's great. However........ does Ukraine have sufficient control of the skies and will it be enough to push all the way to the sea of Azov cutting the land bridge? It would be an awful shame if the advance peters out because we weren't prepared to provide fighter jets and ATACMS. I still haven't seen an explanation for that other than the dangerous escalation answer.
There are air defence systems included in the military aid. The Russians have basically stopped flying in Ukraine now, because half of their losses of aircraft have been from friendly fire, with the Russian forces unable to distinguish a Russian MiG-29 or Su-27, from a Ukranian MiG-29 or Su-27. ATACMS is there, but being used sparingly as they’re expensive and rare. The land route to Crimea is not safe for the Russians, and they know it.
Well I hope you are right. It's quite possible that there is more support being provided than we have been made aware of, not least so the Ukrainians have the element of surprise when they do attack. However the dragging of heels over tank deliveries and the sense of half-heartedness in many western countries doesn't fill me with optimism.
In the leaked intelligence is an assessment that China considers the use of NATO weapons by Ukraine to attack targets in Russia proper as a red line, beyond which they would start to provide large-scale supplies of military hardware to Russia.
I think it's considerations like that which are a factor in limiting the support provided to Ukraine.
Launched in April 2020 when the prime minister was chancellor, the fund was designed to help promising startup businesses ride out the pandemic. It was administered by the British Business Bank (BBB), the UK state development vehicle designed to increase the flow of lending to growing companies.
Under the scheme, the BBB would lend firms between £125,000 and £5m, matching parallel investments from private investors, with the loans converting into shares when the company next raised capital.
By January 2021, Sunak told the House of Commons that the fund had ridden to the rescue of 1,000 of Britain’s “fastest-growing startup companies”. That upbeat assessment belied a history of serious misgivings behind the scenes.
In May 2020, shortly after the fund was created, the BBB chief executive, Keith Morgan, wrote a “reservation notice” to ministers warning of concerns that the scheme would only attract “second tier” companies that could not attract investment from elsewhere and that achieving value for money for the taxpayer was “highly uncertain”. If the BBB were to go ahead with it, he said, it would need to be expressly instructed to do so by ministers.
… Many of the fund’s loan recipients were neither startups nor fast-growing. Some had connections to Sunak and the Conservative party, while others had wealthy investors, such as the Duke of Westminster or EasyGroup tycoon Stelios Haji-Ioannou. Still more simply proved to be bad bets, going bust and leaving the taxpayer on the hook for millions…
Be interesting to see how this progresses over the next year. So far only around 10% of the fund is definitely irrecoverable.
The actual success rate of startups is tiny. As is basically any new idea.
Hence the DARPA system of spreading quite small sums, on a huge range of projects.
When I have discussed this kind of idea with politicians, they always want to pick the winners, based of political factors. Because a 95% failure rate is anathema to them.
Interesting that Labour sources have apparently said they believe they are more like 10 to 12 points ahead, not the 18 points in the opinion polls.
First poll in which Labour drop below a 10 point lead they will publicly shit their pants.
What will the Conservatives do if the leads start increasing again as the latest Opinium and Omnisis suggest? At what point will they start panicking and realise defeat is inevitable?
This is one aspect of the "stalemate" narrative that is worth considering. How long can Russia maintain a stalemate without extensive external support? Can they last as long as the inauguration of the next US President in January 2025, in the hope that it will be Trump and the support for Ukraine will stop?
If they're using T-55s now then I don't think they can last that long.
That’s a T-55 - five wheels rather than six on more modern T62 and T72 tanks. The Russians have a few hundred of them in various states of storage, there have already been stories of good ones raided from museums to be prepared for battle.
The NATO tanks that will be going up against them, are somewhat better.
That's great. However........ does Ukraine have sufficient control of the skies and will it be enough to push all the way to the sea of Azov cutting the land bridge? It would be an awful shame if the advance peters out because we weren't prepared to provide fighter jets and ATACMS. I still haven't seen an explanation for that other than the dangerous escalation answer.
There are air defence systems included in the military aid. The Russians have basically stopped flying in Ukraine now, because half of their losses of aircraft have been from friendly fire, with the Russian forces unable to distinguish a Russian MiG-29 or Su-27, from a Ukranian MiG-29 or Su-27. ATACMS is there, but being used sparingly as they’re expensive and rare. The land route to Crimea is not safe for the Russians, and they know it.
Well I hope you are right. It's quite possible that there is more support being provided than we have been made aware of, not least so the Ukrainians have the element of surprise when they do attack. However the dragging of heels over tank deliveries and the sense of half-heartedness in many western countries doesn't fill me with optimism.
In the leaked intelligence is an assessment that China considers the use of NATO weapons by Ukraine to attack targets in Russia proper as a red line, beyond which they would start to provide large-scale supplies of military hardware to Russia.
I think it's considerations like that which are a factor in limiting the support provided to Ukraine.
It was the use of Starlink on the remote control speedboats used to attack the a Russian Navy that caused a lot of people to light up and go Tilt!
I've just booked my ferry for Saint-Malo which I'll be on this time next week, and the return three weeks later
I have nothing else booked
We have still not planned or booked a summer holiday yet, but I have just booked our favourite holiday let up on the West Coast for a week in the Autumn tonight.
I've just booked my ferry for Saint-Malo which I'll be on this time next week, and the return three weeks later
I have nothing else booked
We have still not planned or booked a summer holiday yet, but I have just booked our favourite holiday let up on the West Coast for a week in the Autumn tonight.
I mean I have nothing booked for my holiday except the ferry!
I don't know where I'm going to be sleeping, even on the first night, until I know how far I'm going to walk that day
BBC2 is playing a live concert by Carole King in Central Park in NYC from.... 1973
The nostalgia is haunting. And her outfit is touchingly terrible, as is the camerawork, and the overcast sky. But the music is real and entirely unmediated, with an innocence that ahhhhhhhhh sad
BARROW & FURNESS: I'm told seven members of executive committee of local Labour Party have resigned over toxic nature of recent parliamentary selection, including the chair, vice-chair & secretary. Can anyone DM more on this?
BBC2 is playing a live concert by Carole King in Central Park in NYC from.... 1973
The nostalgia is haunting. And her outfit is touchingly terrible, as is the camerawork, and the overcast sky. But the music is real and entirely unmediated, with an innocence that ahhhhhhhhh sad
I haven't turned that on, but am now listening to Tapestry for the first time in ages
BBC2 is playing a live concert by Carole King in Central Park in NYC from.... 1973
The nostalgia is haunting. And her outfit is touchingly terrible, as is the camerawork, and the overcast sky. But the music is real and entirely unmediated, with an innocence that ahhhhhhhhh sad
I haven't turned that on, but am now listening to Tapestry for the first time in ages
BBC2 is playing a live concert by Carole King in Central Park in NYC from.... 1973
The nostalgia is haunting. And her outfit is touchingly terrible, as is the camerawork, and the overcast sky. But the music is real and entirely unmediated, with an innocence that ahhhhhhhhh sad
In the top tier of singer songwriters. The very top tier.
I've just booked my ferry for Saint-Malo which I'll be on this time next week, and the return three weeks later
I have nothing else booked
We have still not planned or booked a summer holiday yet, but I have just booked our favourite holiday let up on the West Coast for a week in the Autumn tonight.
I mean I have nothing booked for my holiday except the ferry!
I don't know where I'm going to be sleeping, even on the first night, until I know how far I'm going to walk that day
Something I’ve long had a dream of doing. Not the walking bit as such, but just departing (probably on the train from London to Dover Priory) with a suitcase and passport and nothing planned, then going where serendipity takes me. Like the starts of the best travel stories: Paul Theroux’s old Patagonian Express, Patrick Leigh-Fermor’s A Time of Gifts, Laurie Lee’s When I Walked out one Midsummer morning, and the first episode of Michael Palin’s 80 days among many others.
Not something easily done with children in tow so will have to wait a few years.
BBC2 is playing a live concert by Carole King in Central Park in NYC from.... 1973
The nostalgia is haunting. And her outfit is touchingly terrible, as is the camerawork, and the overcast sky. But the music is real and entirely unmediated, with an innocence that ahhhhhhhhh sad
I haven't turned that on, but am now listening to Tapestry for the first time in ages
What a great album
You've Got A Friend is one of the greatest songs of all time, and it also, unusually, has two superb versions: the original Carole King but then the James Taylor cover. Can never decide which is better
I've just booked my ferry for Saint-Malo which I'll be on this time next week, and the return three weeks later
I have nothing else booked
We have still not planned or booked a summer holiday yet, but I have just booked our favourite holiday let up on the West Coast for a week in the Autumn tonight.
I mean I have nothing booked for my holiday except the ferry!
I don't know where I'm going to be sleeping, even on the first night, until I know how far I'm going to walk that day
Something I’ve long had a dream of doing. Not the walking bit as such, but just departing (probably on the train from London to Dover Priory) with a suitcase and passport and nothing planned, then going where serendipity takes me. Like the starts of the best travel stories: Paul Theroux’s old Patagonian Express, Patrick Leigh-Fermor’s A Time of Gifts, Laurie Lee’s When I Walked out one Midsummer morning, and the first episode of Michael Palin’s 80 days among many others.
Not something easily done with children in tow so will have to wait a few years.
Enjoy that moment of departure.
I believe an ex-PBer did something very much like this, last year, and expressed his gratitude for the experience
BBC2 is playing a live concert by Carole King in Central Park in NYC from.... 1973
The nostalgia is haunting. And her outfit is touchingly terrible, as is the camerawork, and the overcast sky. But the music is real and entirely unmediated, with an innocence that ahhhhhhhhh sad
I haven't turned that on, but am now listening to Tapestry for the first time in ages
What a great album
You've Got A Friend is one of the greatest songs of all time, and it also, unusually, has two superb versions: the original Carole King but then the James Taylor cover. Can never decide which is better
Launched in April 2020 when the prime minister was chancellor, the fund was designed to help promising startup businesses ride out the pandemic. It was administered by the British Business Bank (BBB), the UK state development vehicle designed to increase the flow of lending to growing companies.
Under the scheme, the BBB would lend firms between £125,000 and £5m, matching parallel investments from private investors, with the loans converting into shares when the company next raised capital.
By January 2021, Sunak told the House of Commons that the fund had ridden to the rescue of 1,000 of Britain’s “fastest-growing startup companies”. That upbeat assessment belied a history of serious misgivings behind the scenes.
In May 2020, shortly after the fund was created, the BBB chief executive, Keith Morgan, wrote a “reservation notice” to ministers warning of concerns that the scheme would only attract “second tier” companies that could not attract investment from elsewhere and that achieving value for money for the taxpayer was “highly uncertain”. If the BBB were to go ahead with it, he said, it would need to be expressly instructed to do so by ministers.
… Many of the fund’s loan recipients were neither startups nor fast-growing. Some had connections to Sunak and the Conservative party, while others had wealthy investors, such as the Duke of Westminster or EasyGroup tycoon Stelios Haji-Ioannou. Still more simply proved to be bad bets, going bust and leaving the taxpayer on the hook for millions…
Be interesting to see how this progresses over the next year. So far only around 10% of the fund is definitely irrecoverable.
The actual success rate of startups is tiny. As is basically any new idea.
Hence the DARPA system of spreading quite small sums, on a huge range of projects.
When I have discussed this kind of idea with politicians, they always want to pick the winners, based of political factors. Because a 95% failure rate is anathema to them.
These don’t seem to have been startups. … Many of the fund’s loan recipients were neither startups nor fast-growing...
O/T I’m spending my first ever night in Glastonbury, and it’s like being in The Wicker Man.
I wonder if I should visit Asgard, The Magickal Apothecary, and ask them if they’ll sell me a dried foetus.
Glasto has long been strange, and has got stranger over the last 15 years. Probably a good job that alternative healing doesn’t need to show proof of efficacy, or the towns economy would fold…
(Oddly autocorrect turned Glasto into Glasgow, only just caught it in time…)
I've just booked my ferry for Saint-Malo which I'll be on this time next week, and the return three weeks later
I have nothing else booked
We have still not planned or booked a summer holiday yet, but I have just booked our favourite holiday let up on the West Coast for a week in the Autumn tonight.
I mean I have nothing booked for my holiday except the ferry!
I don't know where I'm going to be sleeping, even on the first night, until I know how far I'm going to walk that day
Something I’ve long had a dream of doing. Not the walking bit as such, but just departing (probably on the train from London to Dover Priory) with a suitcase and passport and nothing planned, then going where serendipity takes me. Like the starts of the best travel stories: Paul Theroux’s old Patagonian Express, Patrick Leigh-Fermor’s A Time of Gifts, Laurie Lee’s When I Walked out one Midsummer morning, and the first episode of Michael Palin’s 80 days among many others.
Not something easily done with children in tow so will have to wait a few years.
Enjoy that moment of departure.
I believe an ex-PBer did something very much like this, last year, and expressed his gratitude for the experience
I've just booked my ferry for Saint-Malo which I'll be on this time next week, and the return three weeks later
I have nothing else booked
We have still not planned or booked a summer holiday yet, but I have just booked our favourite holiday let up on the West Coast for a week in the Autumn tonight.
I mean I have nothing booked for my holiday except the ferry!
I don't know where I'm going to be sleeping, even on the first night, until I know how far I'm going to walk that day
Something I’ve long had a dream of doing. Not the walking bit as such, but just departing (probably on the train from London to Dover Priory) with a suitcase and passport and nothing planned, then going where serendipity takes me. Like the starts of the best travel stories: Paul Theroux’s old Patagonian Express, Patrick Leigh-Fermor’s A Time of Gifts, Laurie Lee’s When I Walked out one Midsummer morning, and the first episode of Michael Palin’s 80 days among many others.
Not something easily done with children in tow so will have to wait a few years.
This is one aspect of the "stalemate" narrative that is worth considering. How long can Russia maintain a stalemate without extensive external support? Can they last as long as the inauguration of the next US President in January 2025, in the hope that it will be Trump and the support for Ukraine will stop?
If they're using T-55s now then I don't think they can last that long.
A lot will have changed by 2025, but I don't think Trump in the White House would help Putin in practice.
Most likely Trump would just repeat his previous theatrics with NATO and make a show of demanding that Europe pays for taking care of its own backyard. Countries like Poland are not going to shrug and say, "Well we might as well sell them out to Russia."
It's hard to predict what Trump would do because he's pure ego and impulse. He's a massive general risk to more or less everything. Unmodelable.
Brexit and 21st-century biometric checks are killing off the romance of crossing borders for modern passengers looking for the nostalgia of the luxury train journey that inspired Agatha Christie and Hollywood.
Belmond, the company that runs today’s Venice Simplon-Orient-Express (VSOE), has decided to drop the London-to-Folkestone leg of the route because it has become too difficult to cross the border to Calais.
Launched in April 2020 when the prime minister was chancellor, the fund was designed to help promising startup businesses ride out the pandemic. It was administered by the British Business Bank (BBB), the UK state development vehicle designed to increase the flow of lending to growing companies.
Under the scheme, the BBB would lend firms between £125,000 and £5m, matching parallel investments from private investors, with the loans converting into shares when the company next raised capital.
By January 2021, Sunak told the House of Commons that the fund had ridden to the rescue of 1,000 of Britain’s “fastest-growing startup companies”. That upbeat assessment belied a history of serious misgivings behind the scenes.
In May 2020, shortly after the fund was created, the BBB chief executive, Keith Morgan, wrote a “reservation notice” to ministers warning of concerns that the scheme would only attract “second tier” companies that could not attract investment from elsewhere and that achieving value for money for the taxpayer was “highly uncertain”. If the BBB were to go ahead with it, he said, it would need to be expressly instructed to do so by ministers.
… Many of the fund’s loan recipients were neither startups nor fast-growing. Some had connections to Sunak and the Conservative party, while others had wealthy investors, such as the Duke of Westminster or EasyGroup tycoon Stelios Haji-Ioannou. Still more simply proved to be bad bets, going bust and leaving the taxpayer on the hook for millions…
Be interesting to see how this progresses over the next year. So far only around 10% of the fund is definitely irrecoverable.
The actual success rate of startups is tiny. As is basically any new idea.
Hence the DARPA system of spreading quite small sums, on a huge range of projects.
When I have discussed this kind of idea with politicians, they always want to pick the winners, based of political factors. Because a 95% failure rate is anathema to them.
These don’t seem to have been startups. … Many of the fund’s loan recipients were neither startups nor fast-growing...
This is one aspect of the "stalemate" narrative that is worth considering. How long can Russia maintain a stalemate without extensive external support? Can they last as long as the inauguration of the next US President in January 2025, in the hope that it will be Trump and the support for Ukraine will stop?
If they're using T-55s now then I don't think they can last that long.
A lot will have changed by 2025, but I don't think Trump in the White House would help Putin in practice.
Most likely Trump would just repeat his previous theatrics with NATO and make a show of demanding that Europe pays for taking care of its own backyard. Countries like Poland are not going to shrug and say, "Well we might as well sell them out to Russia."
It's hard to predict what Trump would do because he's pure ego and impulse. He's a massive general risk to more or less everything. Unmodelable.
Some of his most vocal supproters definitely want to advance Putin's aims by abandoning Ukraine - the chances of him indulging such people is surely higher than many suspect. A show to Europe that they need to up their game is one thing, but the USA is necessary here.
If you are in the shit with the Electoral Commission, for example for not having auditors, does there come a point at which you can't stand candidates?
I've just booked my ferry for Saint-Malo which I'll be on this time next week, and the return three weeks later
I have nothing else booked
We have still not planned or booked a summer holiday yet, but I have just booked our favourite holiday let up on the West Coast for a week in the Autumn tonight.
I mean I have nothing booked for my holiday except the ferry!
I don't know where I'm going to be sleeping, even on the first night, until I know how far I'm going to walk that day
Something I’ve long had a dream of doing. Not the walking bit as such, but just departing (probably on the train from London to Dover Priory) with a suitcase and passport and nothing planned, then going where serendipity takes me. Like the starts of the best travel stories: Paul Theroux’s old Patagonian Express, Patrick Leigh-Fermor’s A Time of Gifts, Laurie Lee’s When I Walked out one Midsummer morning, and the first episode of Michael Palin’s 80 days among many others.
Not something easily done with children in tow so will have to wait a few years.
O/T I’m spending my first ever night in Glastonbury, and it’s like being in The Wicker Man.
I wonder if I should visit Asgard, The Magickal Apothecary, and ask them if they’ll sell me a dried foetus.
Glasto has long been strange, and has got stranger over the last 15 years. Probably a good job that alternative healing doesn’t need to show proof of efficacy, or the towns economy would fold…
(Oddly autocorrect turned Glasto into Glasgow, only just caught it in time…)
I wonder if they practise human sacrifice in these parts.
BBC2 is playing a live concert by Carole King in Central Park in NYC from.... 1973
The nostalgia is haunting. And her outfit is touchingly terrible, as is the camerawork, and the overcast sky. But the music is real and entirely unmediated, with an innocence that ahhhhhhhhh sad
I haven't turned that on, but am now listening to Tapestry for the first time in ages
What a great album
You've Got A Friend is one of the greatest songs of all time, and it also, unusually, has two superb versions: the original Carole King but then the James Taylor cover. Can never decide which is better
Surely it doesn't matter which is "better"?
They're both great to hear and listen to
It doesn't matter at all, of course, but the weird thing is - having this minute listened to both - I have just decided that the original Carole King version is "better". More earthy and authentic, and ultimately more moving
Carole King was quite the talent. I had no idea her career was so vividly long. She wrote the original Locomotion, and also Will You Still Love Me Tomorrow, so memorably recorded by Amy Winehouse, in one of the best cover versions of anything ever
Brexit and 21st-century biometric checks are killing off the romance of crossing borders for modern passengers looking for the nostalgia of the luxury train journey that inspired Agatha Christie and Hollywood.
Belmond, the company that runs today’s Venice Simplon-Orient-Express (VSOE), has decided to drop the London-to-Folkestone leg of the route because it has become too difficult to cross the border to Calais.
This is one Brexit negative I can't bring myself to get too excited about TBH. Anyone with enough money to burn to contemplate the astronomical price of travelling on that train will probably view this is an opportunity to do the journey over two nights instead of one, with a stay at a suite in the George V or the Paris Ritz. Nobody is going to suffer from it.
O/T I’m spending my first ever night in Glastonbury, and it’s like being in The Wicker Man.
I wonder if I should visit Asgard, The Magickal Apothecary, and ask them if they’ll sell me a dried foetus.
Glasto has long been strange, and has got stranger over the last 15 years. Probably a good job that alternative healing doesn’t need to show proof of efficacy, or the towns economy would fold…
(Oddly autocorrect turned Glasto into Glasgow, only just caught it in time…)
I wonder if they practise human sacrifice in these parts.
Feeling nervous? Don’t accept drinks from strangers…
Comments
Ooh, a first
See the firsts on here aren't fixed.
Strategically- and (eventually) electorally-speaking.
If none of these animals exist at all, is that them being "saved"? p
The NATO tanks that will be going up against them, are somewhat better.
Anything more than level pegging has Sunak as toast at a GE, of course.
Blimey! Price of graphics cards!!!
Not just from nutters, either
New smart motorway plans being scrapped
https://www.bbc.co.uk/news/uk-65288852
Now to abandon the ones that have already been built so the stupid wankers won't put up ludicrous speed limits for invented 'incidents' 'obstructions' and 'queues.'
Starmer fans please explain.
Things might change, but as things stand it looks a lot closer to 1997 than 1992 for the Conservatives. What consequences that has for Labour remain to be seen.
That’s like NINE camper vans.
The Grand National is just the most convenient opportunity to garner publicity for the cause. If jump racing ended tomorrow they'd go after flat racing and eventing. If equine sport ended tomorrow then they'd probably start picketing dairy farms.
https://www.theguardian.com/business/2023/apr/15/a-naive-and-stupid-idea-how-rishi-sunaks-future-fund-spent-millions-on-failed-firms
… this company collapse attracted particular scrutiny because it had been funded not just by venture capital, but also by the taxpayer, courtesy of a £5m loan from Rishi Sunak’s Future Fund.
Launched in April 2020 when the prime minister was chancellor, the fund was designed to help promising startup businesses ride out the pandemic. It was administered by the British Business Bank (BBB), the UK state development vehicle designed to increase the flow of lending to growing companies.
Under the scheme, the BBB would lend firms between £125,000 and £5m, matching parallel investments from private investors, with the loans converting into shares when the company next raised capital.
By January 2021, Sunak told the House of Commons that the fund had ridden to the rescue of 1,000 of Britain’s “fastest-growing startup companies”. That upbeat assessment belied a history of serious misgivings behind the scenes.
In May 2020, shortly after the fund was created, the BBB chief executive, Keith Morgan, wrote a “reservation notice” to ministers warning of concerns that the scheme would only attract “second tier” companies that could not attract investment from elsewhere and that achieving value for money for the taxpayer was “highly uncertain”. If the BBB were to go ahead with it, he said, it would need to be expressly instructed to do so by ministers.
… Many of the fund’s loan recipients were neither startups nor fast-growing. Some had connections to Sunak and the Conservative party, while others had wealthy investors, such as the Duke of Westminster or EasyGroup tycoon Stelios Haji-Ioannou. Still more simply proved to be bad bets, going bust and leaving the taxpayer on the hook for millions…
Be interesting to see how this progresses over the next year.
So far only around 10% of the fund is definitely irrecoverable.
So, if they are being scrapped, are we spending shedloads to create road capacity out of concrete, or tolerating extra delays?
Coup attempt in Sudan.
https://www.theguardian.com/world/live/2023/apr/15/sudan-fighting-khartoum-latest-news-updates
Barrett Light Fifties for all tots!
Most likely Trump would just repeat his previous theatrics with NATO and make a show of demanding that Europe pays for taking care of its own backyard. Countries like Poland are not going to shrug and say, "Well we might as well sell them out to Russia."
We'll know more after the locals - I'd be looking at big Labour gains especially but not exclusively from the Conservatives. Hopefully we'll see a thread looking at some of the main contests. Smarkets have only Surrey Heath, West Berkshire and Wirral up as betting opportunities.
I rather get the impression that Ukraine is finishing a build up of forces. Certainly they haven’t put he latest deliveries in the front line. Yet.
I have nothing else booked
I think it's considerations like that which are a factor in limiting the support provided to Ukraine.
Hence the DARPA system of spreading quite small sums, on a huge range of projects.
When I have discussed this kind of idea with politicians, they always want to pick the winners, based of political factors. Because a 95% failure rate is anathema to them.
https://twitter.com/sgfmann/status/1647337793910104067?s=20
https://twitter.com/nexta_tv/status/1647213888927137792
Care for a Luck Strike, Komrade?
Are they wanting to avoid hitting rock bottom?
I don't know where I'm going to be sleeping, even on the first night, until I know how far I'm going to walk that day
The nostalgia is haunting. And her outfit is touchingly terrible, as is the camerawork, and the overcast sky. But the music is real and entirely unmediated, with an innocence that ahhhhhhhhh sad
https://twitter.com/tomorrowsmps/status/1647342104736047106?s=20
CHORTLE
What a great album
Not something easily done with children in tow so will have to wait a few years.
Enjoy that moment of departure.
I wonder if I should visit Asgard, The Magickal Apothecary, and ask them if they’ll sell me a dried foetus.
https://www.spectator.co.uk/article/what-i-learnt-on-my-grown-up-gap-year/
They're both great to hear and listen to
… Many of the fund’s loan recipients were neither startups nor fast-growing...
Probably a good job that alternative healing doesn’t need to show proof of efficacy, or the towns economy would fold…
(Oddly autocorrect turned Glasto into Glasgow, only just caught it in time…)
https://www.msn.com/en-us/travel/news/orient-express-to-scrap-uk-section-after-41-years-due-to-brexit/ar-AA19UhKX
Belmond, the company that runs today’s Venice Simplon-Orient-Express (VSOE), has decided to drop the London-to-Folkestone leg of the route because it has become too difficult to cross the border to Calais.
What is the definition of a startup?
Posting Vapid Bilge for the Herd?
Camille Yarbrough - Take Yo' Praise (1975)
https://www.youtube.com/watch?v=sGQbtyctPmE
or,
Fat Boy Slim - Praise You (1998)
https://www.youtube.com/watch?v=ruAi4VBoBSM
???
Carole King was quite the talent. I had no idea her career was so vividly long. She wrote the original Locomotion, and also Will You Still Love Me Tomorrow, so memorably recorded by Amy Winehouse, in one of the best cover versions of anything ever
https://www.youtube.com/watch?v=GuanbnnzXQ4
Either way, buy Depends.