The market indicators are beginning to look very scary now. We could see a series of margin calls that will absolutely flatten some big players. This could be on a 1929 scale- and an extinction level event for several household names.
As much as it sucks for those affected*, I do kinda hope so. Not had this much fun since 2008.
In my "long term" investing I've currently set myself to average in daily over a 500 day period. Bottom pickers get smelly fingers n all that. But a 50% crash seems perfectly plausible.
*which may well turn out to me, who knows
I don't want any of this to happen. None of it. But it is happening, and my influence over that is zero. I am a passenger, observing living history at a particularly fruity time.
I remember a few distinct points during the 2008 crash. Practically excited at just how apocalyptic the market was. Distinct points during Covid appalled at the ruination of businesses closed down in a ghost town centre.
Those were Bad Events. Nobody wants them. But if they're happening and we're not in control, may as well study it as the chaos engulfs you.
This is entertaining. In a perverse way. Trump is destroying the fiction that is America. And they are cheering him onwards to the own destruction.
The market indicators are beginning to look very scary now. We could see a series of margin calls that will absolutely flatten some big players. This could be on a 1929 scale- and an extinction level event for several household names.
I agree, but that was unexpected. This is deliberate.
The market indicators are beginning to look very scary now. We could see a series of margin calls that will absolutely flatten some big players. This could be on a 1929 scale- and an extinction level event for several household names.
I agree, but that was unexpected. This is deliberate.
It's worse than that. What they are doing led to 1929. Why did they expect a different outcome?
Too simplistic. Great differences between the series within the two broad categories. For instance Matt Smith and Peter Capaldi had superb, timeless episodes, whereas anything that Chris Chibnall wrote just makes you feel that it’s endless… And how do you compare the gothic phase of Tom Baker with the exuberant nonsense of his brother Colin?
Don't get me started. I can do it by year/companion/show runner/writer... 😀
The market indicators are beginning to look very scary now. We could see a series of margin calls that will absolutely flatten some big players. This could be on a 1929 scale- and an extinction level event for several household names.
There is still a hell of a lot of money out there looking for a good home. Look at that insane burst yesterday when the market went up $7trn in a few seconds on the basis of some half arsed comment by one of Trump's minions. What is needed is that this nonsense stops.
It's not going to stop before some people get very badly burned
Oh, I am not disagreeing with that at all. I just think that there is a lot more support for the market than @Cicero and @Foxy were suggesting if only the madness will stop.
The market indicators are beginning to look very scary now. We could see a series of margin calls that will absolutely flatten some big players. This could be on a 1929 scale- and an extinction level event for several household names.
I agree, but that was unexpected. This is deliberate.
It's worse than that. What they are doing led to 1929. Why did they expect a different outcome?
Wasn't it the wrong way round? Wasn't the Smoot Hawley Act a response to the crash rather than its trigger?
I thought the 1929 crash was precipitated by a German default, in an overvalued and highly leveraged Wall St.
The market indicators are beginning to look very scary now. We could see a series of margin calls that will absolutely flatten some big players. This could be on a 1929 scale- and an extinction level event for several household names.
There is still a hell of a lot of money out there looking for a good home. Look at that insane burst yesterday when the market went up $7trn in a few seconds on the basis of some half arsed comment by one of Trump's minions. What is needed is that this nonsense stops.
It's not going to stop before some people get very badly burned
Oh, I am not disagreeing with that at all. I just think that there is a lot more support for the market than @Cicero and @Foxy were suggesting if only the madness will stop.
What makes you think the madness will stop? Trump is doubling down.
The market indicators are beginning to look very scary now. We could see a series of margin calls that will absolutely flatten some big players. This could be on a 1929 scale- and an extinction level event for several household names.
As much as it sucks for those affected*, I do kinda hope so. Not had this much fun since 2008.
In my "long term" investing I've currently set myself to average in daily over a 500 day period. Bottom pickers get smelly fingers n all that. But a 50% crash seems perfectly plausible.
*which may well turn out to me, who knows
I don't want any of this to happen. None of it. But it is happening, and my influence over that is zero. I am a passenger, observing living history at a particularly fruity time.
I remember a few distinct points during the 2008 crash. Practically excited at just how apocalyptic the market was. Distinct points during Covid appalled at the ruination of businesses closed down in a ghost town centre.
Those were Bad Events. Nobody wants them. But if they're happening and we're not in control, may as well study it as the chaos engulfs you.
This is entertaining. In a perverse way. Trump is destroying the fiction that is America. And they are cheering him onwards to the own destruction.
Problem is this is yet another massive hit to the british economy which is still reeling from the covid and ukraine shocks. It has been one long disaster since 2008.
My Stepdad was all in favour of reciprocal tariffs from the U.K. on the USA until I pointed out that he would end up paying more for his weekly bottle of JD.
He’s a bit of an old soak, but a decent chap.
He should be drinking Scotch.
Why?
Bourbon and Scotch are different products.
If he likes JD he should be free to drink what he wants.
Europe does have faults: specifically, it underconsumes. The bloc as a whole runs a trade surplus of €147bn. The EU should be buying more of the cars it makes, rather than lending money to the US so that they can buy them.
BMW at one time had a US promotion. You could get a discount if you collected your car from the factory.
So you fly from the US to Munich and "collect" you car, which has temporary German plates and insurance. You drive it round Europe for a week or two.
Then you take it back to the factory where BMW put it in a container and ship it to you in the US.
BMW paid for Americans to have a European vacation.
It was awesome!
That was to pay lower import taxes on account of it being "second hand".
Volvo still has it, and will pay for your flights and hotel.
As much as a lot of us are revelling in the errors of the US, let’s not lose sight of the errors of the UK.
I’m just back home from an afternoon/evening with a new “21-E” - a high net worth Who is moving here for tax reasons from the UK.
He’s late 30’s, a delightful chap, lovely young family, worth high 8 figures at the moment. He’s moving his tech co here because of UK taxes and very, very much, his feels that under Labour he will be a constant cash cow/evil problem.
He is also moving to here over the coming year most of the top people from his company.
On Friday I’m meeting another big tech person who needs a bit of advice as he is moving here, along with key staff and their money.
So the US is shitting the bed but don’t forget the massive arse explosion the UK has done.
The UK could kill it if they reverse non-dom matters and frankly go beyond that, issue loads of 5 year income/cgt tax free periods for people moving to the uk if they bring businesses.
There has probably never been a better time for the uk to reverse the transatlantic brain drain and the innovation and tax potential.
I am glad to see that some of you are considering boycotting Apple products. I have long seen the company as -- in effect -- a subsidiary of the ChiComs, so I applaud any effort to undermine that evil regime.
Italian premier Giorgia Meloni will head to the US to negotiate tariff relief directly with US President Donald Trump, in a move coordinated with the European Union. Meloni will seek to extract tariff concessions from Trump when she travels to Washington as early as next week, @donatopmancini reports
Meloni and the EU needs to ignore the US, and to stimulate domestic demand. Continuing to rely on the US's deficit spending is ultimately dumb. (Plus, of course, can you really trust the Trump administration to stick to any deal they sign?)
I would refuse to engage with the US on trade at all, until tariffs are removed.
This sounds like a prescription for more of the same that we've had for decades. Since the advent of modern globalisation, there has been a surfeit of cheap goods, and to avoid this making things get cheaper, which is deemed to be disastrous, demand has been boosted to artificially induce inflation.
Now that the consumer of last resort wants to opt out of the system, it seems like a bad idea for the rest of the West to double down on the policies that have failed.
It's absolutely hilarious that MAGA supporters are now suddenly against "cheap goods".
Harris lost the election because of high prices under Biden.
Trump won because he promised low prices from "Day 1".
Now, suddenly, it is "cheap goods" meaning low prices that is a problem that needs to be eliminated.
You misread my post. I’m arguing against stimulating demand to create artificial inflation.
Why would cheap goods from China create inflation?
(And what is "artificial" inflation?)
Cheap imports would ordinarily lead to deflation, which is a problem because we've (wrongly) decreed that inflation below 2% is bad, so we have inflationary policies to counteract this.
We should embrace deflation to pass on the benefits of globalisation to ordinary people.
This is a very rare occasion when I agree with you, William. When there is "supply side" inflation, there is reluctance to use monetary methods to reduce it, but when there is supplyl side deflation, e.g. that caused by globalisation and China entering world markets, they (governments and centra banks) are too quick with the monetary inflation.
Absolutely agree too. It seems perverse for the government to artificially keep prices high for people suffering from a cost of living crisis.
My Stepdad was all in favour of reciprocal tariffs from the U.K. on the USA until I pointed out that he would end up paying more for his weekly bottle of JD.
He’s a bit of an old soak, but a decent chap.
He should be drinking Scotch.
Why?
Bourbon and Scotch are different products.
If he likes JD he should be free to drink what he wants.
He should, and a 10% tariff on the wholesale price of the JD will hardly make a difference to the price. Perhaps 50p on a bottle.
The market indicators are beginning to look very scary now. We could see a series of margin calls that will absolutely flatten some big players. This could be on a 1929 scale- and an extinction level event for several household names.
As much as it sucks for those affected*, I do kinda hope so. Not had this much fun since 2008.
In my "long term" investing I've currently set myself to average in daily over a 500 day period. Bottom pickers get smelly fingers n all that. But a 50% crash seems perfectly plausible.
*which may well turn out to me, who knows
I don't want any of this to happen. None of it. But it is happening, and my influence over that is zero. I am a passenger, observing living history at a particularly fruity time.
I remember a few distinct points during the 2008 crash. Practically excited at just how apocalyptic the market was. Distinct points during Covid appalled at the ruination of businesses closed down in a ghost town centre.
Those were Bad Events. Nobody wants them. But if they're happening and we're not in control, may as well study it as the chaos engulfs you.
This is entertaining. In a perverse way. Trump is destroying the fiction that is America. And they are cheering him onwards to the own destruction.
My Stepdad was all in favour of reciprocal tariffs from the U.K. on the USA until I pointed out that he would end up paying more for his weekly bottle of JD.
He’s a bit of an old soak, but a decent chap.
He should be drinking Scotch.
Why?
Bourbon and Scotch are different products.
If he likes JD he should be free to drink what he wants.
Jack Daniels isn't Bourbon, it's Tennessee whiskey.
During the first Trump administration, I came to this general conclusion: A competent, honorable person could work for him. (Some did, and often reduced his harmful effects.)
As long as they did not speak for him, because they would have to repeat his lies for him. He should have to tell his own lies, I thought -- and still think.
As much as a lot of us are revelling in the errors of the US, let’s not lose sight of the errors of the UK.
I’m just back home from an afternoon/evening with a new “21-E” - a high net worth Who is moving here for tax reasons from the UK.
He’s late 30’s, a delightful chap, lovely young family, worth high 8 figures at the moment. He’s moving his tech co here because of UK taxes and very, very much, his feels that under Labour he will be a constant cash cow/evil problem.
He is also moving to here over the coming year most of the top people from his company.
On Friday I’m meeting another big tech person who needs a bit of advice as he is moving here, along with key staff and their money.
So the US is shitting the bed but don’t forget the massive arse explosion the UK has done.
The UK could kill it if they reverse non-dom matters and frankly go beyond that, issue loads of 5 year income/cgt tax free periods for people moving to the uk if they bring businesses.
There has probably never been a better time for the uk to reverse the transatlantic brain drain and the innovation and tax potential.
Why the hell should the gilded tech-bros be tax exempt while we PAYE plebs pay?
They make their money because we pay for the physical and legal infrastructure of the country.
BREAKING: Trump appointed federal judge sides with AP in lawsuit over WH access, writing, "...under the First Amendment, if the Govt opens its doors to some journalists—be it to the Oval Office, the East Room, or elsewhere—it cannot then shut those doors to other journalists because of their viewpoints. The Constitution requires no less."
Italian premier Giorgia Meloni will head to the US to negotiate tariff relief directly with US President Donald Trump, in a move coordinated with the European Union. Meloni will seek to extract tariff concessions from Trump when she travels to Washington as early as next week, @donatopmancini reports
Meloni and the EU needs to ignore the US, and to stimulate domestic demand. Continuing to rely on the US's deficit spending is ultimately dumb. (Plus, of course, can you really trust the Trump administration to stick to any deal they sign?)
I would refuse to engage with the US on trade at all, until tariffs are removed.
This sounds like a prescription for more of the same that we've had for decades. Since the advent of modern globalisation, there has been a surfeit of cheap goods, and to avoid this making things get cheaper, which is deemed to be disastrous, demand has been boosted to artificially induce inflation.
Now that the consumer of last resort wants to opt out of the system, it seems like a bad idea for the rest of the West to double down on the policies that have failed.
It's absolutely hilarious that MAGA supporters are now suddenly against "cheap goods".
Harris lost the election because of high prices under Biden.
Trump won because he promised low prices from "Day 1".
Now, suddenly, it is "cheap goods" meaning low prices that is a problem that needs to be eliminated.
You misread my post. I’m arguing against stimulating demand to create artificial inflation.
I think you cut and pasted that from the internet without realising it's gibberish. Cheap goods are deflationary. Buying lots of them doesn't make them less deflationary.
Are you denying that cheap money is inflationary?
I am denying that cheap goods are inflationary.
If the price of cheap goods increase, that’s inflationary. The the price of expensive goods falls, that’s deflationary. Nothing to do with the original price.
No, if the price of cheap goods increase, that's inflation. 'Inflationary' is a different thing: an event, system or action that will broadly increase prices, such as imposing tariffs or reducing interest rates. Inflationary policies cause inflation.
The market indicators are beginning to look very scary now. We could see a series of margin calls that will absolutely flatten some big players. This could be on a 1929 scale- and an extinction level event for several household names.
There is still a hell of a lot of money out there looking for a good home. Look at that insane burst yesterday when the market went up $7trn in a few seconds on the basis of some half arsed comment by one of Trump's minions. What is needed is that this nonsense stops.
It's not going to stop before some people get very badly burned
Oh, I am not disagreeing with that at all. I just think that there is a lot more support for the market than @Cicero and @Foxy were suggesting if only the madness will stop.
What makes you think the madness will stop? Trump is doubling down.
When you have tried everything else rationality has to be worth a go.
BREAKING: Trump appointed federal judge sides with AP in lawsuit over WH access, writing, "...under the First Amendment, if the Govt opens its doors to some journalists—be it to the Oval Office, the East Room, or elsewhere—it cannot then shut those doors to other journalists because of their viewpoints. The Constitution requires no less."
As much as a lot of us are revelling in the errors of the US, let’s not lose sight of the errors of the UK.
I’m just back home from an afternoon/evening with a new “21-E” - a high net worth Who is moving here for tax reasons from the UK.
He’s late 30’s, a delightful chap, lovely young family, worth high 8 figures at the moment. He’s moving his tech co here because of UK taxes and very, very much, his feels that under Labour he will be a constant cash cow/evil problem.
He is also moving to here over the coming year most of the top people from his company.
On Friday I’m meeting another big tech person who needs a bit of advice as he is moving here, along with key staff and their money.
So the US is shitting the bed but don’t forget the massive arse explosion the UK has done.
The UK could kill it if they reverse non-dom matters and frankly go beyond that, issue loads of 5 year income/cgt tax free periods for people moving to the uk if they bring businesses.
There has probably never been a better time for the uk to reverse the transatlantic brain drain and the innovation and tax potential.
A rather vomit inducing post. Do you live in a tax haven?
As much as a lot of us are revelling in the errors of the US, let’s not lose sight of the errors of the UK.
I’m just back home from an afternoon/evening with a new “21-E” - a high net worth Who is moving here for tax reasons from the UK.
He’s late 30’s, a delightful chap, lovely young family, worth high 8 figures at the moment. He’s moving his tech co here because of UK taxes and very, very much, his feels that under Labour he will be a constant cash cow/evil problem.
He is also moving to here over the coming year most of the top people from his company.
On Friday I’m meeting another big tech person who needs a bit of advice as he is moving here, along with key staff and their money.
So the US is shitting the bed but don’t forget the massive arse explosion the UK has done.
The UK could kill it if they reverse non-dom matters and frankly go beyond that, issue loads of 5 year income/cgt tax free periods for people moving to the uk if they bring businesses.
There has probably never been a better time for the uk to reverse the transatlantic brain drain and the innovation and tax potential.
A rather vomit inducing post. Do you live in a tax haven?
Italian premier Giorgia Meloni will head to the US to negotiate tariff relief directly with US President Donald Trump, in a move coordinated with the European Union. Meloni will seek to extract tariff concessions from Trump when she travels to Washington as early as next week, @donatopmancini reports
Meloni and the EU needs to ignore the US, and to stimulate domestic demand. Continuing to rely on the US's deficit spending is ultimately dumb. (Plus, of course, can you really trust the Trump administration to stick to any deal they sign?)
I would refuse to engage with the US on trade at all, until tariffs are removed.
This sounds like a prescription for more of the same that we've had for decades. Since the advent of modern globalisation, there has been a surfeit of cheap goods, and to avoid this making things get cheaper, which is deemed to be disastrous, demand has been boosted to artificially induce inflation.
Now that the consumer of last resort wants to opt out of the system, it seems like a bad idea for the rest of the West to double down on the policies that have failed.
It's absolutely hilarious that MAGA supporters are now suddenly against "cheap goods".
Harris lost the election because of high prices under Biden.
Trump won because he promised low prices from "Day 1".
Now, suddenly, it is "cheap goods" meaning low prices that is a problem that needs to be eliminated.
You misread my post. I’m arguing against stimulating demand to create artificial inflation.
I think you cut and pasted that from the internet without realising it's gibberish. Cheap goods are deflationary. Buying lots of them doesn't make them less deflationary.
Are you denying that cheap money is inflationary?
I am denying that cheap goods are inflationary.
If the price of cheap goods increase, that’s inflationary. The the price of expensive goods falls, that’s deflationary. Nothing to do with the original price.
No, if the price of cheap goods increase, that's inflation. 'Inflationary' is a different thing: an event, system or action that will broadly increase prices, such as imposing tariffs or reducing interest rates. Inflationary policies cause inflation.
"If the price of cheap goods increase" - compared to what? More expensive goods? That's a change in relative prices. Inflation relates to an ongoing process of a rising average level of prices. It is better to define it as a fall in the value of money edit - a continuing process of falling value of money in terms of the quantity of real goods/services it exchanges for
As much as a lot of us are revelling in the errors of the US, let’s not lose sight of the errors of the UK.
I’m just back home from an afternoon/evening with a new “21-E” - a high net worth Who is moving here for tax reasons from the UK.
He’s late 30’s, a delightful chap, lovely young family, worth high 8 figures at the moment. He’s moving his tech co here because of UK taxes and very, very much, his feels that under Labour he will be a constant cash cow/evil problem.
He is also moving to here over the coming year most of the top people from his company.
On Friday I’m meeting another big tech person who needs a bit of advice as he is moving here, along with key staff and their money.
So the US is shitting the bed but don’t forget the massive arse explosion the UK has done.
The UK could kill it if they reverse non-dom matters and frankly go beyond that, issue loads of 5 year income/cgt tax free periods for people moving to the uk if they bring businesses.
There has probably never been a better time for the uk to reverse the transatlantic brain drain and the innovation and tax potential.
A rather vomit inducing post. Do you live in a tax haven?
Anyone with 8 figures in their late thirties can afford to pay their taxes. Not to do so is simple greed and contempt for their fellow citizens.
As much as a lot of us are revelling in the errors of the US, let’s not lose sight of the errors of the UK.
I’m just back home from an afternoon/evening with a new “21-E” - a high net worth Who is moving here for tax reasons from the UK.
He’s late 30’s, a delightful chap, lovely young family, worth high 8 figures at the moment. He’s moving his tech co here because of UK taxes and very, very much, his feels that under Labour he will be a constant cash cow/evil problem.
He is also moving to here over the coming year most of the top people from his company.
On Friday I’m meeting another big tech person who needs a bit of advice as he is moving here, along with key staff and their money.
So the US is shitting the bed but don’t forget the massive arse explosion the UK has done.
The UK could kill it if they reverse non-dom matters and frankly go beyond that, issue loads of 5 year income/cgt tax free periods for people moving to the uk if they bring businesses.
There has probably never been a better time for the uk to reverse the transatlantic brain drain and the innovation and tax potential.
A rather vomit inducing post. Do you live in a tax haven?
Anyone with 8 figures in their late Thirties can afford to pay their taxes. Not to do so is simple greed and contempt for their fellow citizens.
Wouldn’t it be more moral to move to a tax haven and then donate the saved taxes to the global south?
The market indicators are beginning to look very scary now. We could see a series of margin calls that will absolutely flatten some big players. This could be on a 1929 scale- and an extinction level event for several household names.
There is still a hell of a lot of money out there looking for a good home. Look at that insane burst yesterday when the market went up $7trn in a few seconds on the basis of some half arsed comment by one of Trump's minions. What is needed is that this nonsense stops.
It's not going to stop before some people get very badly burned
Oh, I am not disagreeing with that at all. I just think that there is a lot more support for the market than @Cicero and @Foxy were suggesting if only the madness will stop.
What makes you think the madness will stop? Trump is doubling down.
When you have tried everything else rationality has to be worth a go.
The King can stay mad longer than the market stays solvent.
As much as a lot of us are revelling in the errors of the US, let’s not lose sight of the errors of the UK.
I’m just back home from an afternoon/evening with a new “21-E” - a high net worth Who is moving here for tax reasons from the UK.
He’s late 30’s, a delightful chap, lovely young family, worth high 8 figures at the moment. He’s moving his tech co here because of UK taxes and very, very much, his feels that under Labour he will be a constant cash cow/evil problem.
He is also moving to here over the coming year most of the top people from his company.
On Friday I’m meeting another big tech person who needs a bit of advice as he is moving here, along with key staff and their money.
So the US is shitting the bed but don’t forget the massive arse explosion the UK has done.
The UK could kill it if they reverse non-dom matters and frankly go beyond that, issue loads of 5 year income/cgt tax free periods for people moving to the uk if they bring businesses.
There has probably never been a better time for the uk to reverse the transatlantic brain drain and the innovation and tax potential.
A rather vomit inducing post. Do you live in a tax haven?
Anyone with 8 figures in their late thirties can afford to pay their taxes. Not to do so is simple greed and contempt for their fellow citizens.
At some point you have to ask how much money does a person really need?
As much as a lot of us are revelling in the errors of the US, let’s not lose sight of the errors of the UK.
I’m just back home from an afternoon/evening with a new “21-E” - a high net worth Who is moving here for tax reasons from the UK.
He’s late 30’s, a delightful chap, lovely young family, worth high 8 figures at the moment. He’s moving his tech co here because of UK taxes and very, very much, his feels that under Labour he will be a constant cash cow/evil problem.
He is also moving to here over the coming year most of the top people from his company.
On Friday I’m meeting another big tech person who needs a bit of advice as he is moving here, along with key staff and their money.
So the US is shitting the bed but don’t forget the massive arse explosion the UK has done.
The UK could kill it if they reverse non-dom matters and frankly go beyond that, issue loads of 5 year income/cgt tax free periods for people moving to the uk if they bring businesses.
There has probably never been a better time for the uk to reverse the transatlantic brain drain and the innovation and tax potential.
A rather vomit inducing post. Do you live in a tax haven?
Anyone with 8 figures in their late Thirties can afford to pay their taxes. Not to do so is simple greed and contempt for their fellow citizens.
Wouldn’t it be more moral to move to a tax haven and then donate the saved taxes to the global south?
They could donate their wealth here via charity, and reduce their tax liability. They don't need to do it in a tax haven.
As much as a lot of us are revelling in the errors of the US, let’s not lose sight of the errors of the UK.
I’m just back home from an afternoon/evening with a new “21-E” - a high net worth Who is moving here for tax reasons from the UK.
He’s late 30’s, a delightful chap, lovely young family, worth high 8 figures at the moment. He’s moving his tech co here because of UK taxes and very, very much, his feels that under Labour he will be a constant cash cow/evil problem.
He is also moving to here over the coming year most of the top people from his company.
On Friday I’m meeting another big tech person who needs a bit of advice as he is moving here, along with key staff and their money.
So the US is shitting the bed but don’t forget the massive arse explosion the UK has done.
The UK could kill it if they reverse non-dom matters and frankly go beyond that, issue loads of 5 year income/cgt tax free periods for people moving to the uk if they bring businesses.
There has probably never been a better time for the uk to reverse the transatlantic brain drain and the innovation and tax potential.
A rather vomit inducing post. Do you live in a tax haven?
Anyone with 8 figures in their late Thirties can afford to pay their taxes. Not to do so is simple greed and contempt for their fellow citizens.
Wouldn’t it be more moral to move to a tax haven and then donate the saved taxes to the global south?
They could donate their wealth here via charity, and reduce their tax liability. They don't need to do it in a tax haven.
You can’t decide not to give money to the British state.
I am glad to see that some of you are considering boycotting Apple products. I have long seen the company as -- in effect -- a subsidiary of the ChiComs, so I applaud any effort to undermine that evil regime.
I'm planning to boycott them because I bought my Macbook and iPhone to last long term. I don't need to replace them. Hence the "boycott"
As much as a lot of us are revelling in the errors of the US, let’s not lose sight of the errors of the UK.
I’m just back home from an afternoon/evening with a new “21-E” - a high net worth Who is moving here for tax reasons from the UK.
He’s late 30’s, a delightful chap, lovely young family, worth high 8 figures at the moment. He’s moving his tech co here because of UK taxes and very, very much, his feels that under Labour he will be a constant cash cow/evil problem.
He is also moving to here over the coming year most of the top people from his company.
On Friday I’m meeting another big tech person who needs a bit of advice as he is moving here, along with key staff and their money.
So the US is shitting the bed but don’t forget the massive arse explosion the UK has done.
The UK could kill it if they reverse non-dom matters and frankly go beyond that, issue loads of 5 year income/cgt tax free periods for people moving to the uk if they bring businesses.
There has probably never been a better time for the uk to reverse the transatlantic brain drain and the innovation and tax potential.
A rather vomit inducing post. Do you live in a tax haven?
Anyone with 8 figures in their late Thirties can afford to pay their taxes. Not to do so is simple greed and contempt for their fellow citizens.
Wouldn’t it be more moral to move to a tax haven and then donate the saved taxes to the global south?
They could donate their wealth here via charity, and reduce their tax liability. They don't need to do it in a tax haven.
You can’t decide not to give money to the British state.
If you were an American citizen of course, you’d be paying tax to the US state wherever you live.
And in many other developed countries you would face an exit charge when breaking residence.
Everyone thinks Trump wants balanced trade. He does not.
He wants to force allies to stop trading with China. Completely. Zero inbound supply.
Because it’s not just because of American jobs. It’s a proactive move to slow down Chinas industrial rise.
Everything is downstream of this. Reserve currency status. The ability to address fiscal debt.
It’s a crazy risk because China has a vote.
It’s a crazy risk because you are forcing Europe to commit seppeku because they have very little leverage or say in the matter.
It’s a crazy risk because Xi might bomb the fabs in Taiwan and the world doesn’t get AGI.
It’s a crazy risk because China knows how financialized we are and will dump bonds and equities to drive anger towards trump.
But it also has benefits if it works.
If your allies can’t trade with China there is no near peer competitor to worry about.
That has a ton of benefits. Just look at what happened after WW2/USSR collapse when American was the last man standing.
Hegemony.
Trumps advisors like Miran believe that you can coerce your allies to pay for your security umbrella in the form of buying longer dated treasuries.
This removes the overhangs of the debt load while allowing you to pump markets in time for midterms.
If Mexico can’t import from China then you solved the fentanyl crisis because they won’t have precursors.
More importantly by establishing a tolerance for risk the level of fear you can instill in cartels is an order of magnitude higher.
“Shit if they risked WW3 they won’t think twice about droning Sinaloa. “
This same “logic” applies to the Middle East.
Now I will repeat for the 100x that this is not advocacy.
I’m only telling you guys what the people in power believe. And I’m telling you that what happens next if I’m right will come down to how Xi wants to fight.
He can go gloves off or glove on. There are real constraints as I have outlined in prior tweets.
But there is a plan and therefore the tolerance for market pain is way way higher than you think.
Because first you need Europe to be willing to commit economic seppuku. And they won’t want to (rightly). So Trump will crush them economically until they cry uncle. And then they still won’t want to and he’s going to threaten to defang NATO. And then they still won’t want to and he will withdraw swap lines.
Or a lot more likely, he will do it all very forcefully and all at once to maximize leverage.
Now you’ll rightly ask… why wasn’t this messaged better? Why have midwits like Lutnik on the team?
Because you are attempting to execute a reckless gambit where the big variables are not what the tariffs rates are. Or if you tariff penguins. Or if the person sounds dumb on TV. Non of that matters.
I have seen any number of attempts to divine method in Trump’s madness.
The reality is simpler IMO: there is no there there. Trump isn’t thinking 4D chess. He isn’t thinking 20 steps ahead of everyone else. He just thinks that tariffs are peachy & that everybody else is taking advantage of the USA by trading with them. He’s thought that for decades & now he gets to implement his deranged economics on everyone else because he’s booted out of his circle of advisors everyone who stopped him the last time around.
Sadly the people with TDS (as the right loved to call them all) were absolutely correct in their analysis: what everyone else missed is that Trump really was that dangerous back in 2017 & would be even more so in 2025 without anyone around to hold him back.
At least 70 panic stricken countries this evening ringing White House phones off hook begging Trump to give them a deal, that they wouldn’t even be thinking of if it wasn’t for Trumps Shock and Awe tactics the last week. EU sending Meloni to negotiate deal for EU. Starmer close to finalising the US trade deal Kemi and Conservatives spent years putting together for UK, and Kemi telling PM to hurry up and sign, for the sake of British jobs and British workers.
Trump is winning.
I can't think anything in that post that is accurate. 70 is trumps number so almost by definition an exaggeration. The EU is not sending Meloni to negotiate a deal she is going of her own accord to represent Italy.
And last but not least if you think Trump is winning you must be pissed or stoned
"Italian premier Giorgia Meloni will head to the US to negotiate tariff relief directly with US President Donald Trump, in a move coordinated with the European Union."
Trump backs down - because Europe won't make Murica VAT exempt or pay reparations. Meloni leaves without a deal and the EU implements reciprocity
Either way, America loses
I can understand how he has ended up with his view on VAT.
VAT works by allowing companies to reclaim VAT expenses against the VAT they charge. This is a design feature, not a bug.
However if you are US importer with no VAT expenses you can’t take advantage of this so are on the hook for the full 20%. From that perspective it does appear like differential treatment of US vs UK/European firms.
As much as a lot of us are revelling in the errors of the US, let’s not lose sight of the errors of the UK.
I’m just back home from an afternoon/evening with a new “21-E” - a high net worth Who is moving here for tax reasons from the UK.
He’s late 30’s, a delightful chap, lovely young family, worth high 8 figures at the moment. He’s moving his tech co here because of UK taxes and very, very much, his feels that under Labour he will be a constant cash cow/evil problem.
He is also moving to here over the coming year most of the top people from his company.
On Friday I’m meeting another big tech person who needs a bit of advice as he is moving here, along with key staff and their money.
So the US is shitting the bed but don’t forget the massive arse explosion the UK has done.
The UK could kill it if they reverse non-dom matters and frankly go beyond that, issue loads of 5 year income/cgt tax free periods for people moving to the uk if they bring businesses.
There has probably never been a better time for the uk to reverse the transatlantic brain drain and the innovation and tax potential.
Why the hell should the gilded tech-bros be tax exempt while we PAYE plebs pay?
They make their money because we pay for the physical and legal infrastructure of the country.
At least 70 panic stricken countries this evening ringing White House phones off hook begging Trump to give them a deal, that they wouldn’t even be thinking of if it wasn’t for Trumps Shock and Awe tactics the last week. EU sending Meloni to negotiate deal for EU. Starmer close to finalising the US trade deal Kemi and Conservatives spent years putting together for UK, and Kemi telling PM to hurry up and sign, for the sake of British jobs and British workers.
Trump is winning.
I can't think anything in that post that is accurate. 70 is trumps number so almost by definition an exaggeration. The EU is not sending Meloni to negotiate a deal she is going of her own accord to represent Italy.
And last but not least if you think Trump is winning you must be pissed or stoned
"Italian premier Giorgia Meloni will head to the US to negotiate tariff relief directly with US President Donald Trump, in a move coordinated with the European Union."
Trump backs down - because Europe won't make Murica VAT exempt or pay reparations. Meloni leaves without a deal and the EU implements reciprocity
Either way, America loses
I can understand how he has ended up with his view on VAT.
VAT works by allowing companies to reclaim VAT expenses against the VAT they charge. This is a design feature, not a bug.
However if you are US importer with no VAT expenses you can’t take advantage of this so are on the hook for the full 20%. From that perspective it does appear like differential treatment of US vs UK/European firms.
The US importer is not paying VAT on their inputs either though.
As much as a lot of us are revelling in the errors of the US, let’s not lose sight of the errors of the UK.
I’m just back home from an afternoon/evening with a new “21-E” - a high net worth Who is moving here for tax reasons from the UK.
He’s late 30’s, a delightful chap, lovely young family, worth high 8 figures at the moment. He’s moving his tech co here because of UK taxes and very, very much, his feels that under Labour he will be a constant cash cow/evil problem.
He is also moving to here over the coming year most of the top people from his company.
On Friday I’m meeting another big tech person who needs a bit of advice as he is moving here, along with key staff and their money.
So the US is shitting the bed but don’t forget the massive arse explosion the UK has done.
The UK could kill it if they reverse non-dom matters and frankly go beyond that, issue loads of 5 year income/cgt tax free periods for people moving to the uk if they bring businesses.
There has probably never been a better time for the uk to reverse the transatlantic brain drain and the innovation and tax potential.
Why the hell should the gilded tech-bros be tax exempt while we PAYE plebs pay?
They make their money because we pay for the physical and legal infrastructure of the country.
And now they are not paying any tax at all…
We then need to shift the tax burden so they do pay tax. That is the origin of the DST.
It could be better constructed, but taxing their profits originating in the UK is essential.
At least 70 panic stricken countries this evening ringing White House phones off hook begging Trump to give them a deal, that they wouldn’t even be thinking of if it wasn’t for Trumps Shock and Awe tactics the last week. EU sending Meloni to negotiate deal for EU. Starmer close to finalising the US trade deal Kemi and Conservatives spent years putting together for UK, and Kemi telling PM to hurry up and sign, for the sake of British jobs and British workers.
Trump is winning.
I can't think anything in that post that is accurate. 70 is trumps number so almost by definition an exaggeration. The EU is not sending Meloni to negotiate a deal she is going of her own accord to represent Italy.
And last but not least if you think Trump is winning you must be pissed or stoned
"Italian premier Giorgia Meloni will head to the US to negotiate tariff relief directly with US President Donald Trump, in a move coordinated with the European Union."
Trump backs down - because Europe won't make Murica VAT exempt or pay reparations. Meloni leaves without a deal and the EU implements reciprocity
Either way, America loses
I can understand how he has ended up with his view on VAT.
VAT works by allowing companies to reclaim VAT expenses against the VAT they charge. This is a design feature, not a bug.
However if you are US importer with no VAT expenses you can’t take advantage of this so are on the hook for the full 20%. From that perspective it does appear like differential treatment of US vs UK/European firms.
Yes, but you can only claim VAT expenses because one of your suppliers has paid it on your behalf. Not to do so would be double taxation. The overall VAT paid will be the same.
Customs and Border Protection (CBP) stated that electronic device searches are infrequent and unrelated to political beliefs, focusing on national security threats.
Makled said he believes he was targeted due to his involvement in cases that challenge the current administration of President Donald Trump...
As much as a lot of us are revelling in the errors of the US, let’s not lose sight of the errors of the UK.
I’m just back home from an afternoon/evening with a new “21-E” - a high net worth Who is moving here for tax reasons from the UK.
He’s late 30’s, a delightful chap, lovely young family, worth high 8 figures at the moment. He’s moving his tech co here because of UK taxes and very, very much, his feels that under Labour he will be a constant cash cow/evil problem.
He is also moving to here over the coming year most of the top people from his company.
On Friday I’m meeting another big tech person who needs a bit of advice as he is moving here, along with key staff and their money.
So the US is shitting the bed but don’t forget the massive arse explosion the UK has done.
The UK could kill it if they reverse non-dom matters and frankly go beyond that, issue loads of 5 year income/cgt tax free periods for people moving to the uk if they bring businesses.
There has probably never been a better time for the uk to reverse the transatlantic brain drain and the innovation and tax potential.
A rather vomit inducing post. Do you live in a tax haven?
Anyone with 8 figures in their late Thirties can afford to pay their taxes. Not to do so is simple greed and contempt for their fellow citizens.
Wouldn’t it be more moral to move to a tax haven and then donate the saved taxes to the global south?
At least 70 panic stricken countries this evening ringing White House phones off hook begging Trump to give them a deal, that they wouldn’t even be thinking of if it wasn’t for Trumps Shock and Awe tactics the last week. EU sending Meloni to negotiate deal for EU. Starmer close to finalising the US trade deal Kemi and Conservatives spent years putting together for UK, and Kemi telling PM to hurry up and sign, for the sake of British jobs and British workers.
Trump is winning.
I can't think anything in that post that is accurate. 70 is trumps number so almost by definition an exaggeration. The EU is not sending Meloni to negotiate a deal she is going of her own accord to represent Italy.
And last but not least if you think Trump is winning you must be pissed or stoned
"Italian premier Giorgia Meloni will head to the US to negotiate tariff relief directly with US President Donald Trump, in a move coordinated with the European Union."
Trump backs down - because Europe won't make Murica VAT exempt or pay reparations. Meloni leaves without a deal and the EU implements reciprocity
Either way, America loses
I can understand how he has ended up with his view on VAT.
VAT works by allowing companies to reclaim VAT expenses against the VAT they charge. This is a design feature, not a bug.
However if you are US importer with no VAT expenses you can’t take advantage of this so are on the hook for the full 20%. From that perspective it does appear like differential treatment of US vs UK/European firms.
I don't think that's any different from a UK company that sources materials from where VAT isn't charged.
As much as a lot of us are revelling in the errors of the US, let’s not lose sight of the errors of the UK.
I’m just back home from an afternoon/evening with a new “21-E” - a high net worth Who is moving here for tax reasons from the UK.
He’s late 30’s, a delightful chap, lovely young family, worth high 8 figures at the moment. He’s moving his tech co here because of UK taxes and very, very much, his feels that under Labour he will be a constant cash cow/evil problem.
He is also moving to here over the coming year most of the top people from his company.
On Friday I’m meeting another big tech person who needs a bit of advice as he is moving here, along with key staff and their money.
So the US is shitting the bed but don’t forget the massive arse explosion the UK has done.
The UK could kill it if they reverse non-dom matters and frankly go beyond that, issue loads of 5 year income/cgt tax free periods for people moving to the uk if they bring businesses.
There has probably never been a better time for the uk to reverse the transatlantic brain drain and the innovation and tax potential.
Why the hell should the gilded tech-bros be tax exempt while we PAYE plebs pay?
They make their money because we pay for the physical and legal infrastructure of the country.
And now they are not paying any tax at all…
We then need to shift the tax burden so they do pay tax. That is the origin of the DST.
It could be better constructed, but taxing their profits originating in the UK is essential.
That's very Trumpian logic. "They are selling us things and that means we are being ripped off!"
"Today was another volatile day for stock investors as the major indices — the Nasdaq 100 QQQ -1.80% ▼ , the S&P 500 SPY -1.57% ▼ , and the Dow Jones Industrial Average DIA -0.81% ▼ — resumed their downward trajectory despite a promising start. This led to significantly higher than usual volumes across all three ETFs, with the SPY seeing the highest at around 150 million shares traded. For reference, the average is 64.18 million. Furthermore, the materials sector XLB -3.08% ▼ was the biggest loser, while the financial sector XLF -0.39% ▼ was the leader, although it also fell.
Furthermore, Federal Reserve officials are worried about President Trump’s new tariffs, which they say are much larger than expected and could slow the U.S. economy. Chicago Fed President Austan Goolsbee called the tariffs a “negative supply shock” and explained that they could push up prices while hurting growth."
If Trump's secret agenda is to crash the stock market to bring down long-term interest rates, the plan already failed. The yield on the 30-year Treasury is now above 4.75%, its highest since February 19th. So the plan to crash the stock market is now crashing the bond market too.
Ironically because of all the new tariffs it is now way cheaper to make our chocolate bars we sell globally NOT in America because other countries don’t have a 20%+ tariff on our cogs https://x.com/MrBeast/status/1909621956258775458
Exclusive: Trump’s tariffs have put the UK and EU back on course for a reset deal at the May summit in London
— progress made on efforts to secure a defence and security pact, sources on both sides say, after recent noises off
— there’s a desire to find an elegant solution on fishing rights to ensure the security pact isn’t delayed, sources say
— teams will continue fishing talks, and if a final agreement can’t be reached by next month then a commitment toward one or a framework and timeline for future negotiations could be made
— mood music has improved recently, as US tariffs spur a greater desire for closer cooperation and reduced trade barriers between allies in Europe, they add
— teams hope to close an agreement on a youth visa scheme, which looks like a slimmed-down version of the EU’s youth mobility demand
— May reset could also encompass mutual recognition of qualifications, linking UK/EU carbon markets and a resolution for travelling artists
— Starmer spoke to VDL, Macron, Scholz and Merz at weekend
— sources caution this is all subject to change ahead of the summit
Ironically because of all the new tariffs it is now way cheaper to make our chocolate bars we sell globally NOT in America because other countries don’t have a 20%+ tariff on our cogs https://x.com/MrBeast/status/1909621956258775458
If Trump's secret agenda is to crash the stock market to bring down long-term interest rates, the plan already failed. The yield on the 30-year Treasury is now above 4.75%, its highest since February 19th. So the plan to crash the stock market is now crashing the bond market too.
"Today was another volatile day for stock investors as the major indices — the Nasdaq 100 QQQ -1.80% ▼ , the S&P 500 SPY -1.57% ▼ , and the Dow Jones Industrial Average DIA -0.81% ▼ — resumed their downward trajectory despite a promising start. This led to significantly higher than usual volumes across all three ETFs, with the SPY seeing the highest at around 150 million shares traded. For reference, the average is 64.18 million. Furthermore, the materials sector XLB -3.08% ▼ was the biggest loser, while the financial sector XLF -0.39% ▼ was the leader, although it also fell.
Furthermore, Federal Reserve officials are worried about President Trump’s new tariffs, which they say are much larger than expected and could slow the U.S. economy. Chicago Fed President Austan Goolsbee called the tariffs a “negative supply shock” and explained that they could push up prices while hurting growth."
As much as a lot of us are revelling in the errors of the US, let’s not lose sight of the errors of the UK.
I’m just back home from an afternoon/evening with a new “21-E” - a high net worth Who is moving here for tax reasons from the UK.
He’s late 30’s, a delightful chap, lovely young family, worth high 8 figures at the moment. He’s moving his tech co here because of UK taxes and very, very much, his feels that under Labour he will be a constant cash cow/evil problem.
He is also moving to here over the coming year most of the top people from his company.
On Friday I’m meeting another big tech person who needs a bit of advice as he is moving here, along with key staff and their money.
So the US is shitting the bed but don’t forget the massive arse explosion the UK has done.
The UK could kill it if they reverse non-dom matters and frankly go beyond that, issue loads of 5 year income/cgt tax free periods for people moving to the uk if they bring businesses.
There has probably never been a better time for the uk to reverse the transatlantic brain drain and the innovation and tax potential.
Why the hell should the gilded tech-bros be tax exempt while we PAYE plebs pay?
They make their money because we pay for the physical and legal infrastructure of the country.
And now they are not paying any tax at all…
We then need to shift the tax burden so they do pay tax. That is the origin of the DST.
It could be better constructed, but taxing their profits originating in the UK is essential.
That's very Trumpian logic. "They are selling us things and that means we are being ripped off!"
I don't think it is, but surely as a pro-Trumper you would be in favour of such a tax?
It’s bizarre to see all the limousine socialists screech desperately for dependence on Chinese supply chains and inflated equities.
The actual socialists aren't "screeching desperately". The only people "screeching desperately" are capitalists and in most cases, capitalists who supported Trump and thought he wasn't being serious when he kept on talking about tariffs during the campaign.
Actual socialists like Bernie Sanders have given very muted statements & even some partial qualified support. Bernie criticises the illegal & authoritarian way that the tariffs are being imposed and the lack of any rational and well-thought out strategy, but in general, he supports "targeted tariffs" as a tool to stop "corporations from outsourcing American jobs and factories abroad".
"Today was another volatile day for stock investors as the major indices — the Nasdaq 100 QQQ -1.80% ▼ , the S&P 500 SPY -1.57% ▼ , and the Dow Jones Industrial Average DIA -0.81% ▼ — resumed their downward trajectory despite a promising start. This led to significantly higher than usual volumes across all three ETFs, with the SPY seeing the highest at around 150 million shares traded. For reference, the average is 64.18 million. Furthermore, the materials sector XLB -3.08% ▼ was the biggest loser, while the financial sector XLF -0.39% ▼ was the leader, although it also fell.
Furthermore, Federal Reserve officials are worried about President Trump’s new tariffs, which they say are much larger than expected and could slow the U.S. economy. Chicago Fed President Austan Goolsbee called the tariffs a “negative supply shock” and explained that they could push up prices while hurting growth."
Leavitt: "I do just want to point out one thing. Everybody in Washington, whether they want to admit it or not, knows that this president is right when it comes to tariffs and when it comes to trade."
What's baffling is that she clearly believes this nonsense.
She's only a kid really, though she appears younger in terms of insight and wisdom. What on earth is her career going to be once all this is over? Is there a market for serial lying fascist leaning bimbos of limited intellectual calibre in later life?
My Stepdad was all in favour of reciprocal tariffs from the U.K. on the USA until I pointed out that he would end up paying more for his weekly bottle of JD.
He’s a bit of an old soak, but a decent chap.
He should be drinking Scotch.
Why?
Bourbon and Scotch are different products.
If he likes JD he should be free to drink what he wants.
He should, and a 10% tariff on the wholesale price of the JD will hardly make a difference to the price. Perhaps 50p on a bottle.
I know. @Luckyguy1983 was being too prescriptive for my taste
As much as a lot of us are revelling in the errors of the US, let’s not lose sight of the errors of the UK.
I’m just back home from an afternoon/evening with a new “21-E” - a high net worth Who is moving here for tax reasons from the UK.
He’s late 30’s, a delightful chap, lovely young family, worth high 8 figures at the moment. He’s moving his tech co here because of UK taxes and very, very much, his feels that under Labour he will be a constant cash cow/evil problem.
He is also moving to here over the coming year most of the top people from his company.
On Friday I’m meeting another big tech person who needs a bit of advice as he is moving here, along with key staff and their money.
So the US is shitting the bed but don’t forget the massive arse explosion the UK has done.
The UK could kill it if they reverse non-dom matters and frankly go beyond that, issue loads of 5 year income/cgt tax free periods for people moving to the uk if they bring businesses.
There has probably never been a better time for the uk to reverse the transatlantic brain drain and the innovation and tax potential.
Why the hell should the gilded tech-bros be tax exempt while we PAYE plebs pay?
They make their money because we pay for the physical and legal infrastructure of the country.
And now they are not paying any tax at all…
We then need to shift the tax burden so they do pay tax. That is the origin of the DST.
It could be better constructed, but taxing their profits originating in the UK is essential.
That's very Trumpian logic. "They are selling us things and that means we are being ripped off!"
I don't think it is, but surely as a pro-Trumper you would be in favour of such a tax?
No because it's bureaucratic and also hits would-be domestic entrants to the market. If Trump were running the UK, he'd put up a Chinese-style firewall against the American internet giants.
"Today was another volatile day for stock investors as the major indices — the Nasdaq 100 QQQ -1.80% ▼ , the S&P 500 SPY -1.57% ▼ , and the Dow Jones Industrial Average DIA -0.81% ▼ — resumed their downward trajectory despite a promising start. This led to significantly higher than usual volumes across all three ETFs, with the SPY seeing the highest at around 150 million shares traded. For reference, the average is 64.18 million. Furthermore, the materials sector XLB -3.08% ▼ was the biggest loser, while the financial sector XLF -0.39% ▼ was the leader, although it also fell.
Furthermore, Federal Reserve officials are worried about President Trump’s new tariffs, which they say are much larger than expected and could slow the U.S. economy. Chicago Fed President Austan Goolsbee called the tariffs a “negative supply shock” and explained that they could push up prices while hurting growth."
If Trump's secret agenda is to crash the stock market to bring down long-term interest rates, the plan already failed. The yield on the 30-year Treasury is now above 4.75%, its highest since February 19th. So the plan to crash the stock market is now crashing the bond market too.
Exclusive: Trump’s tariffs have put the UK and EU back on course for a reset deal at the May summit in London
— progress made on efforts to secure a defence and security pact, sources on both sides say, after recent noises off
— there’s a desire to find an elegant solution on fishing rights to ensure the security pact isn’t delayed, sources say
— teams will continue fishing talks, and if a final agreement can’t be reached by next month then a commitment toward one or a framework and timeline for future negotiations could be made
— mood music has improved recently, as US tariffs spur a greater desire for closer cooperation and reduced trade barriers between allies in Europe, they add
— teams hope to close an agreement on a youth visa scheme, which looks like a slimmed-down version of the EU’s youth mobility demand
— May reset could also encompass mutual recognition of qualifications, linking UK/EU carbon markets and a resolution for travelling artists
— Starmer spoke to VDL, Macron, Scholz and Merz at weekend
— sources caution this is all subject to change ahead of the summit
At least 70 panic stricken countries this evening ringing White House phones off hook begging Trump to give them a deal, that they wouldn’t even be thinking of if it wasn’t for Trumps Shock and Awe tactics the last week. EU sending Meloni to negotiate deal for EU. Starmer close to finalising the US trade deal Kemi and Conservatives spent years putting together for UK, and Kemi telling PM to hurry up and sign, for the sake of British jobs and British workers.
Trump is winning.
I can't think anything in that post that is accurate. 70 is trumps number so almost by definition an exaggeration. The EU is not sending Meloni to negotiate a deal she is going of her own accord to represent Italy.
And last but not least if you think Trump is winning you must be pissed or stoned
"Italian premier Giorgia Meloni will head to the US to negotiate tariff relief directly with US President Donald Trump, in a move coordinated with the European Union."
Trump backs down - because Europe won't make Murica VAT exempt or pay reparations. Meloni leaves without a deal and the EU implements reciprocity
Either way, America loses
I can understand how he has ended up with his view on VAT.
VAT works by allowing companies to reclaim VAT expenses against the VAT they charge. This is a design feature, not a bug.
However if you are US importer with no VAT expenses you can’t take advantage of this so are on the hook for the full 20%. From that perspective it does appear like differential treatment of US vs UK/European firms.
The US importer is not paying VAT on their inputs either though.
At least 70 panic stricken countries this evening ringing White House phones off hook begging Trump to give them a deal, that they wouldn’t even be thinking of if it wasn’t for Trumps Shock and Awe tactics the last week. EU sending Meloni to negotiate deal for EU. Starmer close to finalising the US trade deal Kemi and Conservatives spent years putting together for UK, and Kemi telling PM to hurry up and sign, for the sake of British jobs and British workers.
Trump is winning.
I can't think anything in that post that is accurate. 70 is trumps number so almost by definition an exaggeration. The EU is not sending Meloni to negotiate a deal she is going of her own accord to represent Italy.
And last but not least if you think Trump is winning you must be pissed or stoned
"Italian premier Giorgia Meloni will head to the US to negotiate tariff relief directly with US President Donald Trump, in a move coordinated with the European Union."
Trump backs down - because Europe won't make Murica VAT exempt or pay reparations. Meloni leaves without a deal and the EU implements reciprocity
Either way, America loses
I can understand how he has ended up with his view on VAT.
VAT works by allowing companies to reclaim VAT expenses against the VAT they charge. This is a design feature, not a bug.
However if you are US importer with no VAT expenses you can’t take advantage of this so are on the hook for the full 20%. From that perspective it does appear like differential treatment of US vs UK/European firms.
Yes, but you can only claim VAT expenses because one of your suppliers has paid it on your behalf. Not to do so would be double taxation. The overall VAT paid will be the same.
I know. I’m just trying to understand why someone has reached a false conclusion. I think it’s because they have assumed VAT is a sales tax which it isn’t
Not ideal to be a former prison governor who's probably going to jail.
"Prison governor facing jail for affair with drug lord Former governor of HMP Kirkham guilty of two counts of misconduct in a public office and possession of criminal property"
As much as a lot of us are revelling in the errors of the US, let’s not lose sight of the errors of the UK.
I’m just back home from an afternoon/evening with a new “21-E” - a high net worth Who is moving here for tax reasons from the UK.
He’s late 30’s, a delightful chap, lovely young family, worth high 8 figures at the moment. He’s moving his tech co here because of UK taxes and very, very much, his feels that under Labour he will be a constant cash cow/evil problem.
He is also moving to here over the coming year most of the top people from his company.
On Friday I’m meeting another big tech person who needs a bit of advice as he is moving here, along with key staff and their money.
So the US is shitting the bed but don’t forget the massive arse explosion the UK has done.
The UK could kill it if they reverse non-dom matters and frankly go beyond that, issue loads of 5 year income/cgt tax free periods for people moving to the uk if they bring businesses.
There has probably never been a better time for the uk to reverse the transatlantic brain drain and the innovation and tax potential.
A rather vomit inducing post. Do you live in a tax haven?
He’s in one of the Channel Islands I think.
Makes it even more bizarre. I love Sark but what would spend your money on?
At least 70 panic stricken countries this evening ringing White House phones off hook begging Trump to give them a deal, that they wouldn’t even be thinking of if it wasn’t for Trumps Shock and Awe tactics the last week. EU sending Meloni to negotiate deal for EU. Starmer close to finalising the US trade deal Kemi and Conservatives spent years putting together for UK, and Kemi telling PM to hurry up and sign, for the sake of British jobs and British workers.
Trump is winning.
I can't think anything in that post that is accurate. 70 is trumps number so almost by definition an exaggeration. The EU is not sending Meloni to negotiate a deal she is going of her own accord to represent Italy.
And last but not least if you think Trump is winning you must be pissed or stoned
"Italian premier Giorgia Meloni will head to the US to negotiate tariff relief directly with US President Donald Trump, in a move coordinated with the European Union."
Trump backs down - because Europe won't make Murica VAT exempt or pay reparations. Meloni leaves without a deal and the EU implements reciprocity
Either way, America loses
I can understand how he has ended up with his view on VAT.
VAT works by allowing companies to reclaim VAT expenses against the VAT they charge. This is a design feature, not a bug.
However if you are US importer with no VAT expenses you can’t take advantage of this so are on the hook for the full 20%. From that perspective it does appear like differential treatment of US vs UK/European firms.
I don't think that's any different from a UK company that sources materials from where VAT isn't charged.
Not ideal to be a former prison governor who's probably going to jail.
"Prison governor facing jail for affair with drug lord Former governor of HMP Kirkham guilty of two counts of misconduct in a public office and possession of criminal property"
Exclusive: Trump’s tariffs have put the UK and EU back on course for a reset deal at the May summit in London
— progress made on efforts to secure a defence and security pact, sources on both sides say, after recent noises off
— there’s a desire to find an elegant solution on fishing rights to ensure the security pact isn’t delayed, sources say
— teams will continue fishing talks, and if a final agreement can’t be reached by next month then a commitment toward one or a framework and timeline for future negotiations could be made
— mood music has improved recently, as US tariffs spur a greater desire for closer cooperation and reduced trade barriers between allies in Europe, they add
— teams hope to close an agreement on a youth visa scheme, which looks like a slimmed-down version of the EU’s youth mobility demand
— May reset could also encompass mutual recognition of qualifications, linking UK/EU carbon markets and a resolution for travelling artists
— Starmer spoke to VDL, Macron, Scholz and Merz at weekend
— sources caution this is all subject to change ahead of the summit
Exclusive: Trump’s tariffs have put the UK and EU back on course for a reset deal at the May summit in London
— progress made on efforts to secure a defence and security pact, sources on both sides say, after recent noises off
— there’s a desire to find an elegant solution on fishing rights to ensure the security pact isn’t delayed, sources say
— teams will continue fishing talks, and if a final agreement can’t be reached by next month then a commitment toward one or a framework and timeline for future negotiations could be made
— mood music has improved recently, as US tariffs spur a greater desire for closer cooperation and reduced trade barriers between allies in Europe, they add
— teams hope to close an agreement on a youth visa scheme, which looks like a slimmed-down version of the EU’s youth mobility demand
— May reset could also encompass mutual recognition of qualifications, linking UK/EU carbon markets and a resolution for travelling artists
— Starmer spoke to VDL, Macron, Scholz and Merz at weekend
— sources caution this is all subject to change ahead of the summit
Exclusive: Trump’s tariffs have put the UK and EU back on course for a reset deal at the May summit in London
— progress made on efforts to secure a defence and security pact, sources on both sides say, after recent noises off
— there’s a desire to find an elegant solution on fishing rights to ensure the security pact isn’t delayed, sources say
— teams will continue fishing talks, and if a final agreement can’t be reached by next month then a commitment toward one or a framework and timeline for future negotiations could be made
— mood music has improved recently, as US tariffs spur a greater desire for closer cooperation and reduced trade barriers between allies in Europe, they add
— teams hope to close an agreement on a youth visa scheme, which looks like a slimmed-down version of the EU’s youth mobility demand
— May reset could also encompass mutual recognition of qualifications, linking UK/EU carbon markets and a resolution for travelling artists
— Starmer spoke to VDL, Macron, Scholz and Merz at weekend
— sources caution this is all subject to change ahead of the summit
Exclusive: Trump’s tariffs have put the UK and EU back on course for a reset deal at the May summit in London
— progress made on efforts to secure a defence and security pact, sources on both sides say, after recent noises off
— there’s a desire to find an elegant solution on fishing rights to ensure the security pact isn’t delayed, sources say
— teams will continue fishing talks, and if a final agreement can’t be reached by next month then a commitment toward one or a framework and timeline for future negotiations could be made
— mood music has improved recently, as US tariffs spur a greater desire for closer cooperation and reduced trade barriers between allies in Europe, they add
— teams hope to close an agreement on a youth visa scheme, which looks like a slimmed-down version of the EU’s youth mobility demand
— May reset could also encompass mutual recognition of qualifications, linking UK/EU carbon markets and a resolution for travelling artists
— Starmer spoke to VDL, Macron, Scholz and Merz at weekend
— sources caution this is all subject to change ahead of the summit
Exclusive: Trump’s tariffs have put the UK and EU back on course for a reset deal at the May summit in London
— progress made on efforts to secure a defence and security pact, sources on both sides say, after recent noises off
— there’s a desire to find an elegant solution on fishing rights to ensure the security pact isn’t delayed, sources say
— teams will continue fishing talks, and if a final agreement can’t be reached by next month then a commitment toward one or a framework and timeline for future negotiations could be made
— mood music has improved recently, as US tariffs spur a greater desire for closer cooperation and reduced trade barriers between allies in Europe, they add
— teams hope to close an agreement on a youth visa scheme, which looks like a slimmed-down version of the EU’s youth mobility demand
— May reset could also encompass mutual recognition of qualifications, linking UK/EU carbon markets and a resolution for travelling artists
— Starmer spoke to VDL, Macron, Scholz and Merz at weekend
— sources caution this is all subject to change ahead of the summit
The new, "reset" deal described above would be, generally speaking, a harder brexit than May's deal.
Look at the direction of travel.
I think I will praise Donald Trump in the morning thread.
Per Donald Tusk's famous diagram, there are cliff edges. You can have all the direction of travel you like, but the cliffs are enormous discontinuities.
So Trump wants the EU to give a subsidy to the USA which it doesn’t give to its own manufacturers .
Why is the EU even bothering to try and negotiate ?
Yes, there is absolutely no point negotiating.
They should be following China's lead & retaliating.
The quicker & harder the retaliation, the faster the S&P will fall. And the faster the S&P falls, the greater will be incentive for other parties to step in & stop Trump.
Not ideal to be a former prison governor who's probably going to jail.
"Prison governor facing jail for affair with drug lord Former governor of HMP Kirkham guilty of two counts of misconduct in a public office and possession of criminal property"
Ironically because of all the new tariffs it is now way cheaper to make our chocolate bars we sell globally NOT in America because other countries don’t have a 20%+ tariff on our cogs https://x.com/MrBeast/status/1909621956258775458
Fuck me - the responses on that thread. Weaponised stupidity. Loud Trump supporters who literally have No Clue how anything works.
As much as a lot of us are revelling in the errors of the US, let’s not lose sight of the errors of the UK.
I’m just back home from an afternoon/evening with a new “21-E” - a high net worth Who is moving here for tax reasons from the UK.
He’s late 30’s, a delightful chap, lovely young family, worth high 8 figures at the moment. He’s moving his tech co here because of UK taxes and very, very much, his feels that under Labour he will be a constant cash cow/evil problem.
He is also moving to here over the coming year most of the top people from his company.
On Friday I’m meeting another big tech person who needs a bit of advice as he is moving here, along with key staff and their money.
So the US is shitting the bed but don’t forget the massive arse explosion the UK has done.
The UK could kill it if they reverse non-dom matters and frankly go beyond that, issue loads of 5 year income/cgt tax free periods for people moving to the uk if they bring businesses.
There has probably never been a better time for the uk to reverse the transatlantic brain drain and the innovation and tax potential.
A rather vomit inducing post. Do you live in a tax haven?
He’s in one of the Channel Islands I think.
Makes it even more bizarre. I love Sark but what would spend your money on?
At least 70 panic stricken countries this evening ringing White House phones off hook begging Trump to give them a deal, that they wouldn’t even be thinking of if it wasn’t for Trumps Shock and Awe tactics the last week. EU sending Meloni to negotiate deal for EU. Starmer close to finalising the US trade deal Kemi and Conservatives spent years putting together for UK, and Kemi telling PM to hurry up and sign, for the sake of British jobs and British workers.
Trump is winning.
I can't think anything in that post that is accurate. 70 is trumps number so almost by definition an exaggeration. The EU is not sending Meloni to negotiate a deal she is going of her own accord to represent Italy.
And last but not least if you think Trump is winning you must be pissed or stoned
"Italian premier Giorgia Meloni will head to the US to negotiate tariff relief directly with US President Donald Trump, in a move coordinated with the European Union."
Trump backs down - because Europe won't make Murica VAT exempt or pay reparations. Meloni leaves without a deal and the EU implements reciprocity
Either way, America loses
I can understand how he has ended up with his view on VAT.
VAT works by allowing companies to reclaim VAT expenses against the VAT they charge. This is a design feature, not a bug.
However if you are US importer with no VAT expenses you can’t take advantage of this so are on the hook for the full 20%. From that perspective it does appear like differential treatment of US vs UK/European firms.
Yes, but you can only claim VAT expenses because one of your suppliers has paid it on your behalf. Not to do so would be double taxation. The overall VAT paid will be the same.
I know. I’m just trying to understand why someone has reached a false conclusion. I think it’s because they have assumed VAT is a sales tax which it isn’t
I’m not sure they really believe it. It’s just convenient.
As much as a lot of us are revelling in the errors of the US, let’s not lose sight of the errors of the UK.
I’m just back home from an afternoon/evening with a new “21-E” - a high net worth Who is moving here for tax reasons from the UK.
He’s late 30’s, a delightful chap, lovely young family, worth high 8 figures at the moment. He’s moving his tech co here because of UK taxes and very, very much, his feels that under Labour he will be a constant cash cow/evil problem.
He is also moving to here over the coming year most of the top people from his company.
On Friday I’m meeting another big tech person who needs a bit of advice as he is moving here, along with key staff and their money.
So the US is shitting the bed but don’t forget the massive arse explosion the UK has done.
The UK could kill it if they reverse non-dom matters and frankly go beyond that, issue loads of 5 year income/cgt tax free periods for people moving to the uk if they bring businesses.
There has probably never been a better time for the uk to reverse the transatlantic brain drain and the innovation and tax potential.
A rather vomit inducing post. Do you live in a tax haven?
He’s in one of the Channel Islands I think.
Makes it even more bizarre. I love Sark but what would spend your money on?
Ironically because of all the new tariffs it is now way cheaper to make our chocolate bars we sell globally NOT in America because other countries don’t have a 20%+ tariff on our cogs https://x.com/MrBeast/status/1909621956258775458
Fuck me - the responses on that thread. Weaponised stupidity. Loud Trump supporters who literally have No Clue how anything works.
A multimillionaire grifter isn't the best-placed person to attack Trump's policies.
So Trump wants the EU to give a subsidy to the USA which it doesn’t give to its own manufacturers .
Why is the EU even bothering to try and negotiate ?
Yes, there is absolutely no point negotiating.
They should be following China's lead & retaliating.
The quicker & harder the retaliation, the faster the S&P will fall. And the faster the S&P falls, the greater will be incentive for other parties to step in & stop Trump.
Europe and the UK are in danger of making the same mistake they made with Putin. If you appease bullies they come back for more.
Just as with Putin, those who live next door have the measure of the man and are not being taken for suckers. Europe should learn from Canada.
Exclusive: Trump’s tariffs have put the UK and EU back on course for a reset deal at the May summit in London
— progress made on efforts to secure a defence and security pact, sources on both sides say, after recent noises off
— there’s a desire to find an elegant solution on fishing rights to ensure the security pact isn’t delayed, sources say
— teams will continue fishing talks, and if a final agreement can’t be reached by next month then a commitment toward one or a framework and timeline for future negotiations could be made
— mood music has improved recently, as US tariffs spur a greater desire for closer cooperation and reduced trade barriers between allies in Europe, they add
— teams hope to close an agreement on a youth visa scheme, which looks like a slimmed-down version of the EU’s youth mobility demand
— May reset could also encompass mutual recognition of qualifications, linking UK/EU carbon markets and a resolution for travelling artists
— Starmer spoke to VDL, Macron, Scholz and Merz at weekend
— sources caution this is all subject to change ahead of the summit
The new, "reset" deal described above would be, generally speaking, a harder brexit than May's deal.
Look at the direction of travel.
I think I will praise Donald Trump in the morning thread.
LOL. Those of you who want to join the EU really do resemble the anti-EC mob in about 1978. You’re all pining for a world that never really existed, ignoring the facts on the ground, and refusing to accept the new status quo or any likely future. You’re a bunch of modern Colonel Blimps.
We won’t ever rejoin the EU, but we will be critical to what the European Political Community becomes.
Comments
I remember a few distinct points during the 2008 crash. Practically excited at just how apocalyptic the market was. Distinct points during Covid appalled at the ruination of businesses closed down in a ghost town centre.
Those were Bad Events. Nobody wants them. But if they're happening and we're not in control, may as well study it as the chaos engulfs you.
This is entertaining. In a perverse way. Trump is destroying the fiction that is America. And they are cheering him onwards to the own destruction.
I thought the 1929 crash was precipitated by a German default, in an overvalued and highly leveraged Wall St.
JD Vance
@JDVance
It’s bizarre to see all the limousine socialists screech desperately for dependence on Chinese supply chains and inflated equities.
Bourbon and Scotch are different products.
If he likes JD he should be free to drink what he wants.
Volvo still has it, and will pay for your flights and hotel.
https://www.volvocars.com/us/l/osd-tourist/
I’m just back home from an afternoon/evening with a new “21-E” - a high net worth Who is moving here for tax reasons from the UK.
He’s late 30’s, a delightful chap, lovely young family, worth high 8 figures at the moment. He’s moving his tech co here because of UK taxes and very, very much, his feels that under Labour he will be a constant cash cow/evil problem.
He is also moving to here over the coming year most of the top people from his company.
On Friday I’m meeting another big tech person who needs a bit of advice as he is moving here, along with key staff and their money.
So the US is shitting the bed but don’t forget the massive arse explosion the UK has done.
The UK could kill it if they reverse non-dom matters and frankly go beyond that, issue loads of 5 year income/cgt tax free periods for people moving to the uk if they bring businesses.
There has probably never been a better time for the uk to reverse the transatlantic brain drain and the innovation and tax potential.
A Kantar in April 2020 had Con 54 BxP 1. An Opinium earlier the same month had Con 55 BxP 0 UKIP 1.
The peak right-of-centre in that period was 56 with NCP, on 24-26 March 2020: Con 54 BxP 2 UKIP 0.
As long as they did not speak for him, because they would have to repeat his lies for him. He should have to tell his own lies, I thought -- and still think.
They make their money because we pay for the physical and legal infrastructure of the country.
BREAKING: Trump appointed federal judge sides with AP in lawsuit over WH access, writing, "...under the First Amendment, if the Govt opens its doors to some journalists—be it to the Oval Office, the East Room, or elsewhere—it cannot then shut those doors to other journalists because of their viewpoints. The Constitution requires no less."
https://x.com/PaulaReidCNN/status/1909710127201976732
Larry Kudlow brings Rand Paul on his show to make the case against tariffs and hopefully stage an intervention for Trump
https://bsky.app/profile/atrupar.com/post/3lmdehfoe722t
edit - a continuing process of falling value of money in terms of the quantity of real goods/services it exchanges for
The King can only stay mad as long as his courtiers let him. Can they stay their hands when the market is insolvent? Not so sure...
The result puts 5 English teams into next seasons CL.
And in many other developed countries you would face an exit charge when breaking residence.
The UK is unusually liberal on those counts.
The reality is simpler IMO: there is no there there. Trump isn’t thinking 4D chess. He isn’t thinking 20 steps ahead of everyone else. He just thinks that tariffs are peachy & that everybody else is taking advantage of the USA by trading with them. He’s thought that for decades & now he gets to implement his deranged economics on everyone else because he’s booted out of his circle of advisors everyone who stopped him the last time around.
Sadly the people with TDS (as the right loved to call them all) were absolutely correct in their analysis: what everyone else missed is that Trump really was that dangerous back in 2017 & would be even more so in 2025 without anyone around to hold him back.
VAT works by allowing companies to reclaim VAT expenses against the VAT they charge. This is a design feature, not a bug.
However if you are US importer with no VAT expenses you can’t take advantage of this so are on the hook for the full 20%. From that perspective it does appear like differential treatment of US vs UK/European firms.
It could be better constructed, but taxing their profits originating in the UK is essential.
"Trump's a genius. We gotta cross our figures and hope all this works".
https://www.bbc.co.uk/news/articles/c9w8p0kqdd9o
"Norwegian teen arrested in UK hotel over national security case"
https://eu.freep.com/story/news/local/michigan/wayne/2025/04/07/lawyer-for-u-m-protester-held-at-airport-refused-to-give-feds-his-phone/82978891007/
Dearborn attorney Amir Makled was detained and questioned at Detroit Metro Airport about his clients and asked to surrender his cellphone.
Customs and Border Protection (CBP) stated that electronic device searches are infrequent and unrelated to political beliefs, focusing on national security threats.
Makled said he believes he was targeted due to his involvement in cases that challenge the current administration of President Donald Trump...
@andrew_lilico
·
8m
As I keep repeating: they don't care about tariffs or trade barriers. They care only about deficits.
https://x.com/andrew_lilico/status/1909716808518467873
A gentle reminder that if you’re quoting your IQ score in an argument, you’ve already lost.
It’s the intellectual equivalent of shouting “DO YOU KNOW WHO I AM?” in a Wetherspoons...
https://x.com/i_iratus/status/1909692850872225892
https://taxpolicy.org.uk/2025/04/02/no-vat-isnt-a-tariff-but-the-us-would-benefit-from-adopting-it
Furthermore, Federal Reserve officials are worried about President Trump’s new tariffs, which they say are much larger than expected and could slow the U.S. economy. Chicago Fed President Austan Goolsbee called the tariffs a “negative supply shock” and explained that they could push up prices while hurting growth."
File under "No shit, Sherlock...."
https://www.tipranks.com/news/stock-market-today-in-review-indices-resume-selloff-despite-promising-start
If Trump's secret agenda is to crash the stock market to bring down long-term interest rates, the plan already failed. The yield on the 30-year Treasury is now above 4.75%, its highest since February 19th. So the plan to crash the stock market is now crashing the bond market too.
https://x.com/PeterSchiff/status/1909700301046821229
Ironically because of all the new tariffs it is now way cheaper to make our chocolate bars we sell globally NOT in America because other countries don’t have a 20%+ tariff on our cogs
https://x.com/MrBeast/status/1909621956258775458
Exclusive: Trump’s tariffs have put the UK and EU back on course for a reset deal at the May summit in London
— progress made on efforts to secure a defence and security pact, sources on both sides say, after recent noises off
— there’s a desire to find an elegant solution on fishing rights to ensure the security pact isn’t delayed, sources say
— teams will continue fishing talks, and if a final agreement can’t be reached by next month then a commitment toward one or a framework and timeline for future negotiations could be made
— mood music has improved recently, as US tariffs spur a greater desire for closer cooperation and reduced trade barriers between allies in Europe, they add
— teams hope to close an agreement on a youth visa scheme, which looks like a slimmed-down version of the EU’s youth mobility demand
— May reset could also encompass mutual recognition of qualifications, linking UK/EU carbon markets and a resolution for travelling artists
— Starmer spoke to VDL, Macron, Scholz and Merz at weekend
— sources caution this is all subject to change ahead of the summit
https://x.com/alexwickham/status/1909565621127250329
https://x.com/spectatorindex/status/1909699725584142846
https://x.com/DividendG_Web3/status/1909704277804867633
Actual socialists like Bernie Sanders have given very muted statements & even some partial qualified support. Bernie criticises the illegal & authoritarian way that the tariffs are being imposed and the lack of any rational and well-thought out strategy, but in general, he supports "targeted tariffs" as a tool to stop "corporations from outsourcing American jobs and factories abroad".
Here is the full statement from Bernie Sanders:
https://vermontbiz.com/news/2025/april/04/sanders-statement-trumps-escalating-trade-war-world
My business colleagues are Newcatle and Arsenal fans, so a bit of banter going on this season!
Us importer:
Input cost = 50 + 20% = 60
Sale price =120 - 20 = 100
Profit = 40
Uk firm
Input cost = 50 + 20% = 60
Sale price = 120 - 20 = 100
Profit = 40 + input VAT reclaim = 50
I’m not saying he’s right (he isn’t) but I can see how a superficial moron might reach that conclusion
"Prison governor facing jail for affair with drug lord
Former governor of HMP Kirkham guilty of two counts of misconduct in a public office and possession of criminal property"
https://www.telegraph.co.uk/news/2025/04/08/kerri-pegg-prison-governor-facing-jail-affair-druglord/
Why is the EU even bothering to try and negotiate ?
Apple reportedly airlifted five planes filled with iPhones from India and China to the U.S. in March to avoid impending tariffs.
Has Trump ensured the UK rejoins the EU?
https://www1.politicalbetting.com/index.php/archives/2024/02/14/has-trump-ensured-the-uk-rejoins-the-eu/
I think I will praise Donald Trump in the morning thread.
They should be following China's lead & retaliating.
The quicker & harder the retaliation, the faster the S&P will fall. And the faster the S&P falls, the greater will be incentive for other parties to step in & stop Trump.
Just as with Putin, those who live next door have the measure of the man and are not being taken for suckers. Europe should learn from Canada.
We won’t ever rejoin the EU, but we will be critical to what the European Political Community becomes.