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Could this explain the Betfair market? – politicalbetting.com

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  • It's a fascinating account of religious diversity in all its glory. But it doesn't reveal why they decided to kidnap this particular unfortunate coroner. Had he done something to upset them?
    My assumption is that there was some kind of historic grudge relating to some kind of family matter (e.g. a coroner's verdict with which the people involved disagreed) and they then sought out "help" from a dodgy cult leader. I assume the details of the underlying grudge involve other family members who have a right to privacy... and in any event it isn't actually terribly relevant.
  • kyf_100kyf_100 Posts: 4,953

    Buy gold is the traditional one.

    Though others are already doing so.
    Physical gold and Bitcoin. And have a nice watch as you can use it to secure passage in difficult circumstances - need to get through a checkpoint, hand over the nice watch. I believe US special forces dropped behind enemy lines have been kitted out with rolexes for precisely that reason.

    I know you're not a fan of bitcoin, but it's a heck of a lot easier to transfer your wealth out of a country fast on a USB stick or even using a brain wallet than it is to walk across a border with a suitcase full of gold bars. Many Ukrainians arriving in the UK couldn't access their banks but brought crypto with them on memory sticks. Worth keeping a few grand that way, just in case.

    Gold is of course a better hedge, but less fungible.

    Oh wait, OP said *trade* wars.

    Well, if history repeats itself, the real wars will be following soon after.

    I consider my real wealth to be what I can get out of the country fast, carrying nothing more than a duffel bag. Everything else is just numbers on a page.

    History has proven time and time again that in hard times, everything else can and will be confiscated. Anyone investing in gold would do well to remember Executive Order 6102.

  • turbotubbsturbotubbs Posts: 18,589

    Just use your phone/watch to pay – there's no limit to contactless that I have ever encountered.
    I don't have watch and don't use my phone to pay for anything.
  • Our local milk vending machines (supply your own bottle, they supply the milk) are contactless only. A month ago my card got declined (reached its limit for contactless). I could not use it until I went somewhere that allowed me to enter a pin.

    Does this happen at the pool table too? I guess you could go to the bar and enter the pin there but I had no way to buy the milk at any of the three milk vending stations I tried.

    #Firstworldproblem
    Phones don't have that problem and don't require you to carry obsolete bits of plastic or even a wallet around with you anymore then.
  • SelebianSelebian Posts: 9,243
    edited October 2024

    Cows?

    Intrigued by how one gets the milk out if they've gone contactless!
  • I don't have watch and don't use my phone to pay for anything.
    Is there a reason why not? Its incredibly convenient and more secure and means I haven't had to carry my wallet with me for years.

    Also helpful if you use loyalty cards (I know some do not) as you can keep them in the same wallet app so I can easily swipe between which cards I have to the one of the shop I'm in, and choose which card I'm paying with at the same time.
  • MaxPBMaxPB Posts: 39,809
    10y yields up by 25bp and the spread to US 10y yields has increased by 15bp, spread to France by 17bp. The UK does now have a slight risk premium on debt that we didn't have under Rishi and Hunt. So far it isn't as bad as Truss where the idiot premium was about 80bp but that didn't peak until the week after the original announcements.

    I really think we're going to be facing the spectre of failed bond auctions over the next few years as the BoE continues to unwind QE and the government writes £150bn in additional debt that needs to be digested. Our debt interest bill is going to be unbearably high by the end of 2029 because we've got about £400bn in gilts to rollover from relatively low interest rates from pre-2020 that will be refinanced with at least 2pp more yield. I wouldn't be surprised if we end up paying more than £100bn per year in debt interest by the time of the next election.
  • wooliedyedwooliedyed Posts: 10,061
    Selebian said:

    Intrigued by how one gets the milk out if they've gone contactless!
    Give her a cheeky wink and she'll provide
  • viewcodeviewcode Posts: 24,188

    Anyway before I disappear off into the ether again in the next day ir so, my US prediction is for the following states go be won by Trump in an easy EC victory for him

    All of 2020 plus

    Pennsylvania
    Michigan
    (Coin Toss) Wisconsin
    Georgia
    Nevada
    Arizona
    (Coin toss) Virginia
    (Perhaps) New Hampshire

    Why New Hampshire?
  • PulpstarPulpstar Posts: 79,204

    Phones don't have that problem and don't require you to carry obsolete bits of plastic or even a wallet around with you anymore then.
    Costco fuel (Which is invariably the cheapest on the market due to their subscription model) requires a physical card.
  • MaxPBMaxPB Posts: 39,809
    Pulpstar said:

    Costco fuel (Which is invariably the cheapest on the market due to their subscription model) requires a physical card.
    I think all pay at pump does because you can only pre-authorise credit using the pin.
  • Sean_FSean_F Posts: 38,462
    MaxPB said:

    10y yields up by 25bp and the spread to US 10y yields has increased by 15bp, spread to France by 17bp. The UK does now have a slight risk premium on debt that we didn't have under Rishi and Hunt. So far it isn't as bad as Truss where the idiot premium was about 80bp but that didn't peak until the week after the original announcements.

    I really think we're going to be facing the spectre of failed bond auctions over the next few years as the BoE continues to unwind QE and the government writes £150bn in additional debt that needs to be digested. Our debt interest bill is going to be unbearably high by the end of 2029 because we've got about £400bn in gilts to rollover from relatively low interest rates from pre-2020 that will be refinanced with at least 2pp more yield. I wouldn't be surprised if we end up paying more than £100bn per year in debt interest by the time of the next election.

    It seems like the direct opposite of the Truss budget. She thought tax cuts would generate sufficient economic growth to pay for themselves. Reeves thinks that tax rises and borrowing to pay for additional public expenditure will do the same.
  • PulpstarPulpstar Posts: 79,204
    MaxPB said:

    10y yields up by 25bp and the spread to US 10y yields has increased by 15bp, spread to France by 17bp. The UK does now have a slight risk premium on debt that we didn't have under Rishi and Hunt. So far it isn't as bad as Truss where the idiot premium was about 80bp but that didn't peak until the week after the original announcements.

    I really think we're going to be facing the spectre of failed bond auctions over the next few years as the BoE continues to unwind QE and the government writes £150bn in additional debt that needs to be digested. Our debt interest bill is going to be unbearably high by the end of 2029 because we've got about £400bn in gilts to rollover from relatively low interest rates from pre-2020 that will be refinanced with at least 2pp more yield. I wouldn't be surprised if we end up paying more than £100bn per year in debt interest by the time of the next election.

    Question - why does the yield curve peak at 30 years then go down at 50 ?

    I can understand why it goes down for 3 - 5 years (Expectation of lowering interest rates), heads back up (Long term uncertainty) to 30 years but the drop from 30 to 50 ?
  • NigelbNigelb Posts: 76,495

    Yes, we're still in "somewhat less bad than the other lot" territory. An arresting image from Sam Freedman this morning;

    The image that kept occurring to me as I read through the details of the budget was of an Indiana Jones style adventurer stuck in a booby-trapped cave with the walls closing in.

    Yesterday’s announcements were the equivalent of slowing down the mechanism using a strategically placed rock. Imminent death is averted but only for so long.


    Some more growth has got to come from somewhere, probably by the 2027 spending review. Planning reform is the obvious lever to pull. Fail with that and they, and we, are very deep in the doodoo.
    The signs are not good, so far.
    There's stuff they could already have done, without primary legislation.
  • MaxPB said:

    I think all pay at pump does because you can only pre-authorise credit using the pin.
    My local Asda pay at pump works contactless.
  • Pulpstar said:

    Question - why does the yield curve peak at 30 years then go down at 50 ?

    I can understand why it goes down for 3 - 5 years (Expectation of lowering interest rates), heads back up (Long term uncertainty) to 30 years but the drop from 30 to 50 ?
    Boomers will be dead in 30 to 50 years time?
  • JosiasJessopJosiasJessop Posts: 45,306

    Fair enough. I am a bit sensitive to the pile-ons on any poster who gives a "pro-Trump" angle because I think it's really important to see it from the PoV of an American swing voter and to try to understand that.
    I've got no problem with a pro-Trump angle.

    I do have a problem with someone insane enough to support Trump and Ukraine, which seems an utterly contradictory position - especially when their 'explanations' are bullshit.

    If you gave *any* angle on here, you can expect to get challenged on it.
  • MaxPBMaxPB Posts: 39,809
    edited October 2024
    Pulpstar said:

    Question - why does the yield curve peak at 30 years then go down at 50 ?

    I can understand why it goes down for 3 - 5 years (Expectation of lowering interest rates), heads back up (Long term uncertainty) to 30 years but the drop from 30 to 50 ?
    Liquidity usually.
  • malcolmgmalcolmg Posts: 44,051
    eek said:

    Thats simply it's £37500 * 4% so £1500 for a lot of people...

    Trouble is that money was given last year / April so people have got used to the extra cash now..
    For me absolutely nothing as I have finished my 49 years paying NI
  • malcolmgmalcolmg Posts: 44,051

    It will likely see a further increase in annuities that had become less popular under ultra low interest rates.
    Hobson's choice, just means a different set of grifters get your hard earned cash unless you win lottery and live to 100.
  • david_herdsondavid_herdson Posts: 18,214
    Nigelb said:

    Seems to be a GOP thing.
    Here's the Fox News host who just married the researcher he had an affair with, while married to his first wife.

    Jesse: if i found out my wife secretly voted for harris, "that's the same thing as having an affair... that violates the sanctity of our marriage... that would be D Day"
    https://x.com/cynicalzoomer/status/1851744214071332869
    The United States really is just turning into Iran with more guns and worse food, isn't it.
  • JosiasJessopJosiasJessop Posts: 45,306

    I don't think he was saying that and, even if he was, I don't think such views should lead to a banning unless it was accompanied by incitement to violence or raw hate.

    But, I have a higher spectrum of tolerance for speech (admittedly I can respond very aggressively and rudely to them but I only advocate banning where they are consistently personally abusive or nasty)
    You have a higher spectrum of tolerance for speech, except at the end of the last thread, where you told me to 'stop it'. ;)

    What Leon said was absolutely racist, and if you cannot see that, you are probably in dire need of some DEI training.

    Finally, I never called for Leon to get banned. All I'm saying is that now he is banned; good riddance. You are, of course, entitled to your own view.
  • AnabobazinaAnabobazina Posts: 23,795

    I don't have watch and don't use my phone to pay for anything.
    Hence why you are running into problems needlessly.
  • AnabobazinaAnabobazina Posts: 23,795
    MaxPB said:

    I think all pay at pump does because you can only pre-authorise credit using the pin.
    Nope.
  • viewcodeviewcode Posts: 24,188
    viewcode said:

    Why New Hampshire?
    WHY NEW HAMPSHIRE???
  • Getting very close to a 12 month all time high on UK 10 yr Gilts now. Rising notably for last couple of hours.
  • AnabobazinaAnabobazina Posts: 23,795

    Is there a reason why not? Its incredibly convenient and more secure and means I haven't had to carry my wallet with me for years.

    Also helpful if you use loyalty cards (I know some do not) as you can keep them in the same wallet app so I can easily swipe between which cards I have to the one of the shop I'm in, and choose which card I'm paying with at the same time.
    It really is crackers how pointlessly old-school some PBers are. I imagine many of them in grey cardigans and driving gloves, with little leather purses in which they keep their 'pound coins'.
  • NigelbNigelb Posts: 76,495
    Fishing said:

    It's using zinc fingers. There's some info online if you use Google - Huntington's Disease and zinc fingers that is. It might as well be in Chinese as far as I'm concerned but sounds convincing when it's described.
    Sounds unlikely that he has an infallible cure as you describe, but if so, he should contact these guys...
    The US biotech which has been working on zinc fingers for three decades (and which acquired the UK outfit doing the same).
    https://www.sangamo.com
    I think they have had a Huntingdon's program of some kind for well over a decade ?

    But gene therapy using zinc fingers hasn't proved as easy as originally thought:
    https://www.ukri.org/who-we-are/how-we-are-doing/research-outcomes-and-impact/mrc/zinc-finger-protein-research-paves-way-for-in-body-geneediting/
  • wooliedyedwooliedyed Posts: 10,061
    viewcode said:

    Why New Hampshire?
    Because he'll run her very close there. I think NJ might ge close enough to raise some eyebrows too
  • FrancisUrquhartFrancisUrquhart Posts: 83,371
    edited October 2024
    IFS - "I am willing to bet a substantial sum that day-to-day public service spending will in fact increase more quickly than supposedly planned after next year. 1.3% a year overall would almost certainly mean real terms cuts for some departments. It would be odd to increase spending rapidly only to start cutting back again in subsequent years.

    I’m afraid this looks like the same silly games playing as we got used to with the last lot. Pencil in implausibly low spending increases for the future in order to make the fiscal arithmetic balance. It sounds like it was hard enough to get agreement from departmental ministers to relatively generous settlements in the short term. When it comes to settling with departments for the period after 2025-26 keeping within that 1.3% envelope will be extremely challenging. To put it mildly ….

    [Reeves] is meeting her borrowing target only by repeating the same silly manoeuvres as her predecessors used to make it look as if the books will balance. Let’s pretend we’ll increase fuel duties next time, but not do it this year. Let’s pretend that we’ll really rein in spending in a couple of years after splurging this year. That’s not going to happen. The spending plans will not survive contact with her cabinet colleagues."

    Clifnotes - Much more tax rises ahead as we aren't getting it from growth....
  • AnabobazinaAnabobazina Posts: 23,795
    If we are reading NV as a clear GOP advantage, then we presumably also have to read PA as a clear DEM advantage?

    Usual huge caveats about early voting apply... (to both)

    https://election.lab.ufl.edu/early-vote/2024-early-voting/2024-general-election-early-vote-pennsylvania/
  • MattWMattW Posts: 26,564

    Thread on APR


    Dan Neidle
    @DanNeidle
    Lots of over-the-top coverage right now about the £1m cap on inheritance tax agricultural property relief (APR).

    https://x.com/DanNeidle/status/1851956384167776598

    That's interesting. Points out that such relief did not exist at all before 1970.

    Fun in the comments.
  • OnlyLivingBoyOnlyLivingBoy Posts: 16,390

    You have a higher spectrum of tolerance for speech, except at the end of the last thread, where you told me to 'stop it'. ;)

    What Leon said was absolutely racist, and if you cannot see that, you are probably in dire need of some DEI training.

    Finally, I never called for Leon to get banned. All I'm saying is that now he is banned; good riddance. You are, of course, entitled to your own view.
    I have no real opinion on Leon being banned. I don't really like reading some of what he says eg when he says my kids are less welcome than white ones, but to be honest I scroll past him usually because he's such a tiresome attention whore.
    But at the end of the day I just turn up here occasionally, while TSE devotes considerable energy to the site and keeps it running. If he can't be bothered having to deal with a guy who insults him and his family I am totally OK with him telling Leon to do one.
    BTW people who think Leon isn't a racist need to really have a think.
  • TimSTimS Posts: 14,842

    Getting very close to a 12 month all time high on UK 10 yr Gilts now. Rising notably for last couple of hours.

    Becoming a good investment. At well over 4% you’re talking better than most other asset classes with a similar risk profile.
  • Getting very close to a 12 month all time high on UK 10 yr Gilts now. Rising notably for last couple of hours.

    Briefly did set a new high.
  • TheuniondivvieTheuniondivvie Posts: 43,242
    edited October 2024
    kyf_100 said:

    Physical gold and Bitcoin. And have a nice watch as you can use it to secure passage in difficult circumstances - need to get through a checkpoint, hand over the nice watch. I believe US special forces dropped behind enemy lines have been kitted out with rolexes for precisely that reason.

    I know you're not a fan of bitcoin, but it's a heck of a lot easier to transfer your wealth out of a country fast on a USB stick or even using a brain wallet than it is to walk across a border with a suitcase full of gold bars. Many Ukrainians arriving in the UK couldn't access their banks but brought crypto with them on memory sticks. Worth keeping a few grand that way, just in case.

    Gold is of course a better hedge, but less fungible.

    Oh wait, OP said *trade* wars.

    Well, if history repeats itself, the real wars will be following soon after.

    I consider my real wealth to be what I can get out of the country fast, carrying nothing more than a duffel bag. Everything else is just numbers on a page.

    History has proven time and time again that in hard times, everything else can and will be confiscated. Anyone investing in gold would do well to remember Executive Order 6102.

    If things really go to shit gold has the added advantage of being able to be melted down for bullets. All self respecting survivalists should have a muzzle loader, bullet moulds and a decent supply of powder.
  • FrancisUrquhartFrancisUrquhart Posts: 83,371
    edited October 2024
    One of the things that has been missed with no fuel duty increase this year, motorists are getting hammered elsewhere with doubling of VED on ICE cars and company car tax increases.
  • TimSTimS Posts: 14,842
    MattW said:

    That's interesting. Points out that such relief did not exist at all before 1970.

    Fun in the comments.
    And it’s still more generous than before 1992. So under the entire period of Thatcher’s premiership APR was less generous than now.
  • wooliedyedwooliedyed Posts: 10,061
    viewcode said:

    WHY NEW HAMPSHIRE???
    Because I say so goddammit
  • kinabalukinabalu Posts: 44,716

    Because he'll run her very close there. I think NJ might ge close enough to raise some eyebrows too
    You clearly think the polls are (yet again) seriously understating the Trump vote.

    Is that just a hunch or something more?
  • TimSTimS Posts: 14,842

    One of the things that has been missed with no fuel duty increase this year, motorists are getting hammered elsewhere with doubling of VED on ICE cars.

    The main hammering in recent years has been the absurd rise in insurance premiums. I’m now paying £1,600 for a car worth about 15k. Having recently had an insurance claim for theft (it was then found again) and seen the sharp practices of the repair garages that do insurance work, I am starting to understand why.
  • NigelbNigelb Posts: 76,495

    If we are reading NV as a clear GOP advantage, then we presumably also have to read PA as a clear DEM advantage?

    Usual huge caveats about early voting apply... (to both)

    https://election.lab.ufl.edu/early-vote/2024-early-voting/2024-general-election-early-vote-pennsylvania/

    Early voting data only means much if you have a recent set of similar data to compare it with.
    Given the obvious big shift in the willingness of Republicans to vote early, compared with last time around, that just isn't available for this election.

    It's just as likely to be as misleading as the early leads on election night in 2020, which got everyone excited for a few states.

    Obviously, if you had the choice, you'd want to be in the lead at this point. But it certainly doesn't determine the result.
  • kyf_100 said:

    Physical gold and Bitcoin. And have a nice watch as you can use it to secure passage in difficult circumstances - need to get through a checkpoint, hand over the nice watch. I believe US special forces dropped behind enemy lines have been kitted out with rolexes for precisely that reason.

    I know you're not a fan of bitcoin, but it's a heck of a lot easier to transfer your wealth out of a country fast on a USB stick or even using a brain wallet than it is to walk across a border with a suitcase full of gold bars. Many Ukrainians arriving in the UK couldn't access their banks but brought crypto with them on memory sticks. Worth keeping a few grand that way, just in case.

    Gold is of course a better hedge, but less fungible.

    Oh wait, OP said *trade* wars.

    Well, if history repeats itself, the real wars will be following soon after.

    I consider my real wealth to be what I can get out of the country fast, carrying nothing more than a duffel bag. Everything else is just numbers on a page.

    History has proven time and time again that in hard times, everything else can and will be confiscated. Anyone investing in gold would do well to remember Executive Order 6102.

    I hope that the plural of Rolex is Rolices
  • FrancisUrquhartFrancisUrquhart Posts: 83,371
    edited October 2024
    TimS said:

    The main hammering in recent years has been the absurd rise in insurance premiums. I’m now paying £1,600 for a car worth about 15k. Having recently had an insurance claim for theft (it was then found again) and seen the sharp practices of the repair garages that do insurance work, I am starting to understand why.
    If I remember isn't part of that is constant increases in insurance taxes, plus car companies have made new cars stupidly expensive to repair e.g. your airbag goes off, it can be a big job to sort it all out. Its the Apple-ification of cars.

    Thus, loads of cars get written off as economically unviable to repair, and we all get hammered for the insurance companies paying out. Oh and big increase in car thefts. For Range Rovers people couldn't even get insured, so JLR had to start offering their own insurance.
  • The United States really is just turning into Iran with more guns and worse food, isn't it.
    It's Shi'ite.
  • wooliedyedwooliedyed Posts: 10,061
    edited October 2024
    kinabalu said:

    You clearly think the polls are (yet again) seriously understating the Trump vote.

    Is that just a hunch or something more?
    A hunch. Harris is a really poor candidate and a severe anchor on the Dems imo, and yes I think Trump understating is again a factor. I cannot provide anything more than feeling for that but not long till we find out.
  • It's Shi'ite.
    Even if Harris wins, the ongoing division means that the outlook for America isn't Sunni.
  • It's Shi'ite.
    Difficult to have a Sunni disposition, etc etc
  • kjhkjh Posts: 12,487
    edited October 2024

    I've got no problem with a pro-Trump angle.

    I do have a problem with someone insane enough to support Trump and Ukraine, which seems an utterly contradictory position - especially when their 'explanations' are bullshit.

    If you gave *any* angle on here, you can expect to get challenged on it.
    To be honest I think you are very tolerant to continue the discussion with her. You might have noticed whenever she posts conspiracy stuff or links to twitter accounts that are (or link to) alt-right, QAnon or racist stuff I respond to her. And only then.
  • MattWMattW Posts: 26,564
    edited October 2024
    Freemen on the Land in the wild. Binkety bankety bonkers !

    'My car is outside the Jurisdiction of the United Kingdom".It was a banger parked half on the pavement.

    Spotted on a vehicle on my constitutional yesterday.

  • Daveyboy1961Daveyboy1961 Posts: 4,483

    Difficult to have a Sunni disposition, etc etc
    I ya tolled her.....
  • SandpitSandpit Posts: 56,022
    Fishing said:

    Huntington's Disease is another really distressing one - agonisingly painful and degenerative.

    A friend (a professor of biochemistry) has a cure for it which works 100% of the time, but unfortunately can't find the funds to get it through the testing process. He often gets emails from people who are suffering from it and beg him to help them but without the relevant approvals there is nothing he can do. They break his heart.
    Can he not find a way of getting it approved somewhere like Mexico, which is well known for being a lot easier than the US and attracts medical tourists for ‘unapproved’ treatments?
  • eekeek Posts: 29,696
    Someone crunched the Employer NI figures and came up with the following figures (based on everyone earning £30k but it doesn't actually matter that much it's the end sums that really matter).

    😃 If you employ 2 people at a combined salary of £60k pa, you will be BETTER OFF by £768

    😃 If you employ 3 people at a combined salary of £90k pa, you will be BETTER OFF by £2,903

    😃 If you employ 5 people at a combined salary of £150k pa, you will be BETTER OFF by £1,171

    😃 If you employ 6 people at a combined salary of £180k pa, you will be BETTER OFF by £305

    😥 It is only when you get to 7 employees at a combined salary of £210k pa that you start to feel the increase - now you are £561 WORSE OFF.
  • AnabobazinaAnabobazina Posts: 23,795
    kinabalu said:

    You clearly think the polls are (yet again) seriously understating the Trump vote.

    Is that just a hunch or something more?
    By his own admission, this poster has a poor record at predictions. DYOR etc etc.
  • wooliedyedwooliedyed Posts: 10,061
    10 year hits 4.56%.
    If it gets much higher we might be into Houston..... territory
  • kjhkjh Posts: 12,487

    Leon's comment is stupid for a whole host of reasons. Stupid, and racist.

    As I asked @Andy_JS when he said the comment wasn't racist: my wife is olive-skinned. Is she 'white'? My son is pasty in winter, but tans olive in summer. Is he 'white'? My wife is a joint Turkish/British citizen. Is she 'British'? My son only has a UK passport. Is he 'British'?

    People who throw around this sort of stuff are either totally thick, racist, or both.

    For many of us, this sort of talk matters, as it means loved ones are not seen as being equal, for dint of skin colour or whatever.
    I agree, which is why I argued with him and I wanted the right to argue with him.

    What I hadn't appreciated, as you can see from my comment about @TheScreamingEagles, was the difference between me arguing with him, but not being hurt because I am white, and others that are hurt by the comments.
  • FrancisUrquhartFrancisUrquhart Posts: 83,371
    edited October 2024
    eek said:

    Someone crunched the Employer NI figures and came up with the following figures (based on everyone earning £30k but it doesn't actually matter that much it's the end sums that really matter).

    😃 If you employ 2 people at a combined salary of £60k pa, you will be BETTER OFF by £768

    😃 If you employ 3 people at a combined salary of £90k pa, you will be BETTER OFF by £2,903

    😃 If you employ 5 people at a combined salary of £150k pa, you will be BETTER OFF by £1,171

    😃 If you employ 6 people at a combined salary of £180k pa, you will be BETTER OFF by £305

    😥 It is only when you get to 7 employees at a combined salary of £210k pa that you start to feel the increase - now you are £561 WORSE OFF.

    So the opposite of incentive to grow and expand your business once you need more than a single taxi for your Christmas do. The economy is already too heavily skewed between mega corps and micro / one-man band businesses.
  • DoctorGDoctorG Posts: 61
    MattW said:

    That's interesting. Points out that such relief did not exist at all before 1970.

    Fun in the comments.
    I'm not clued up on the rates pre 1970, but will say a lot more farms were tenanted back then. Also land value has escalated drastically, particularly since the 1990s. Early/mid 90s you could get good arable land in Scotland for £1500/acre, today more likely to be £8000-9000/acre, best will be over 12k/acre. interest rates have slowed purchases in the last 18-24 months in certain areas
  • eekeek Posts: 29,696
    edited October 2024

    One of the things that has been missed with no fuel duty increase this year, motorists are getting hammered elsewhere with doubling of VED on ICE cars and company car tax increases.

    for the first year on new ICE cars - the changes don't impact cars that are already on the road..
  • FrancisUrquhartFrancisUrquhart Posts: 83,371
    edited October 2024
    eek said:

    for the first year on new ICE cars - the changes don't impact cars that are already on the road..
    Yes, sorry, that wasn't clear. But with leasing being so popular, people change their changes extremely regularly these days and the lease companies are going to pass on costs.

    One worry would also be that there is another squeeze on second hand cars forcing prices up if less people buy new.
  • NigelbNigelb Posts: 76,495
    MattW said:

    Freemen on the Land in the wild. Binkety bankety bonkers !

    'My car is outside the Jurisdiction of the United Kingdom".It was a banger parked half on the pavement.

    Spotted on a vehicle on my constitutional yesterday.

    As always read that as "Fremen", and imagine they are some Spice addled maniac from off planet.
  • turbotubbsturbotubbs Posts: 18,589

    Is there a reason why not? Its incredibly convenient and more secure and means I haven't had to carry my wallet with me for years.

    Also helpful if you use loyalty cards (I know some do not) as you can keep them in the same wallet app so I can easily swipe between which cards I have to the one of the shop I'm in, and choose which card I'm paying with at the same time.
    Have never yet migrated to paying by phone, but probably will at some point. I'm going to cite inertia.
  • MattW said:

    Freemen on the Land in the wild. Binkety bankety bonkers !

    'My car is outside the Jurisdiction of the United Kingdom".It was a banger parked half on the pavement.

    Spotted on a vehicle on my constitutional yesterday.

    Amusing .

    This reminds me of a rightwing equivalent of the "Independebt Republic of Wanstonia", a self-declared hippy Republic under the A40 flyover between the 1960's and '80s.
  • kyf_100kyf_100 Posts: 4,953
    Nigelb said:

    As always read that as "Fremen", and imagine they are some Spice addled maniac from off planet.
    "Spice" may indeed be involved.
  • FrancisUrquhartFrancisUrquhart Posts: 83,371
    edited October 2024
    Players will have to decide whether to enter the auction around their international commitments, because the IPL has introduced a two-year ban on players who pull out of the tournament without certain requirements being met.

    https://www.bbc.co.uk/sport/cricket/articles/c86q3zxnnj0o

    Where as in the Hundred loads of players bugger off after a few games to more profitable options.
  • wooliedyedwooliedyed Posts: 10,061

    By his own admission, this poster has a poor record at predictions. DYOR etc etc.
    'Poor record' is a bit of an overstatement. I've had some clangers but some bangers too. My estimations of the WPB performance in July and which seats might be interesting was almost spot on. My Norfolk seats predictions were also broadly accurate.
    However, I admit I go a bit on gut feeling and thus would not encourage anyone to gamble based thereon, I'll always say if it's something concrete.
  • CarnyxCarnyx Posts: 44,617
    edited October 2024

    Leon's comment is stupid for a whole host of reasons. Stupid, and racist.

    As I asked @Andy_JS when he said the comment wasn't racist: my wife is olive-skinned. Is she 'white'? My son is pasty in winter, but tans olive in summer. Is he 'white'? My wife is a joint Turkish/British citizen. Is she 'British'? My son only has a UK passport. Is he 'British'?

    People who throw around this sort of stuff are either totally thick, racist, or both.

    For many of us, this sort of talk matters, as it means loved ones are not seen as being equal, for dint of skin colour or whatever.
    Many years ago I had my blood tested by an early research study on human blood genetic markers (I just happened to be walking through the lab to see the prof and a nice young lady came up to me and put me in a chair and produced a needle and ... ). She was delighted with the result, as she said on my next visit: "Hello Carnyx, that blood was really useful as we now have a supply of a blood marker which is really difficult to get here outside subSaharan Africa."

    Given I'm the classic pasty freckled Scot phenotype, from rustic ancestors, I've never been very convinced about hard and fast rules ever since. Especially since some people think that a drop of one colour in a pool of the other colour is enough to make it all one colour. I do occasionally wonder about my past - whether some freed slave ended up in a big estate, or whatever. But who knows? And in a sense it doesn't matter, at least to some of us.
  • edited October 2024

    I hope that the plural of Rolex is Rolices
    Roleces surely - Matrix Matrices; Testatrix Testatrices; Administratrix Administratrices; Rolex Roleces
  • turbotubbsturbotubbs Posts: 18,589
    MattW said:

    Freemen on the Land in the wild. Binkety bankety bonkers !

    'My car is outside the Jurisdiction of the United Kingdom".It was a banger parked half on the pavement.

    Spotted on a vehicle on my constitutional yesterday.

    Its missing a reference to Magna Carta,
  • JosiasJessopJosiasJessop Posts: 45,306
    kjh said:

    I agree, which is why I argued with him and I wanted the right to argue with him.

    What I hadn't appreciated, as you can see from my comment about @TheScreamingEagles, was the difference between me arguing with him, but not being hurt because I am white, and others that are hurt by the comments.
    I wasn't 'hurt' by his comment, but it is the sort of comment that needs forcibly arguing against. Because the moment it becomes acceptable, we have lost something important.

    Mrs J has been in this country for several decades. In that time, she has had no racist comments made against her. That is something to feel proud about our country. In contrast, in our first night on a trip through Germany, she was racially abused by a group of (white) German men.

    Then again, she fits in: her spoken English is better than mine, and she dresses in a western style and has a well=paid job. She is a very non-immigranty immigrant, if you know what I mean.
  • MalmesburyMalmesbury Posts: 54,114
    Nigelb said:

    As always read that as "Fremen", and imagine they are some Spice addled maniac from off planet.
    Utterly sociopathic knife freaks on drugs..... yeah
  • EabhalEabhal Posts: 10,097
    TimS said:

    The main hammering in recent years has been the absurd rise in insurance premiums. I’m now paying £1,600 for a car worth about 15k. Having recently had an insurance claim for theft (it was then found again) and seen the sharp practices of the repair garages that do insurance work, I am starting to understand why.
    Yet motoring costs have increased much more slowly than other forms of transport.
  • turbotubbsturbotubbs Posts: 18,589
    Sandpit said:

    Can he not find a way of getting it approved somewhere like Mexico, which is well known for being a lot easier than the US and attracts medical tourists for ‘unapproved’ treatments?
    My guess is it sounds like the old guy in the pub in his cups saying "if only they'd funded me I'd have cured Huntingdon's by now. My method works dammit"...

  • FrancisUrquhartFrancisUrquhart Posts: 83,371
    edited October 2024
    MattW said:

    Freemen on the Land in the wild. Binkety bankety bonkers !

    'My car is outside the Jurisdiction of the United Kingdom".It was a banger parked half on the pavement.

    Spotted on a vehicle on my constitutional yesterday.

    Oh are those nutters still going. I thought that all nonsense about not recognising the UK as having never agreed to it and thus being a Freeman meaning not liable for taxes etc, had died a death.
  • CarnyxCarnyx Posts: 44,617

    Roleces surely - Matrix Matrices; Testatrix Testatrices; Administratrix Administratrices; Rolex Roleces
    Er, Rolices. Scolex as in tapeworm, scolices; miles as in squaddy, milites. .
  • SandpitSandpit Posts: 56,022

    One of the things that has been missed with no fuel duty increase this year, motorists are getting hammered elsewhere with doubling of VED on ICE cars and company car tax increases.

    The easiest target and disproportionally falling on the second quintile, those working minimum wage or key workers on shifts, who have little choice but to run a car to get to work.

    The policy wonks really all need to get out of London once in a while.
  • LostPasswordLostPassword Posts: 19,155

    Our local milk vending machines (supply your own bottle, they supply the milk) are contactless only. A month ago my card got declined (reached its limit for contactless). I could not use it until I went somewhere that allowed me to enter a pin.

    Does this happen at the pool table too? I guess you could go to the bar and enter the pin there but I had no way to buy the milk at any of the three milk vending stations I tried.

    #Firstworldproblem
    I have a card with an alt-bank and one can instantly reset the contactless limit using the app on the phone.
  • MalmesburyMalmesbury Posts: 54,114

    I wasn't 'hurt' by his comment, but it is the sort of comment that needs forcibly arguing against. Because the moment it becomes acceptable, we have lost something important.

    Mrs J has been in this country for several decades. In that time, she has had no racist comments made against her. That is something to feel proud about our country. In contrast, in our first night on a trip through Germany, she was racially abused by a group of (white) German men.

    Then again, she fits in: her spoken English is better than mine, and she dresses in a western style and has a well=paid job. She is a very non-immigranty immigrant, if you know what I mean.
    A Spanish friend, married to Ghanian, thinks that London is the least problematic place for them. In Spain, he hears stuff all the time - very often they assume that he must be a foreigner and say stuff in Spanish.
  • NigelbNigelb Posts: 76,495

    Roleces surely - Matrix Matrices; Testatrix Testatrices; Administratrix Administratrices; Rolex Roleces
    Sorry, but no.
    Codex; codexes (though codices is also correct).
  • FrancisUrquhartFrancisUrquhart Posts: 83,371
    edited October 2024

    A Spanish friend, married to Ghanian, thinks that London is the least problematic place for them. In Spain, he hears stuff all the time - very often they assume that he must be a foreigner and say stuff in Spanish.
    If the overt racism at Spanish football is anything to go by....
  • mwadamsmwadams Posts: 3,771
    edited October 2024
    eek said:

    Someone crunched the Employer NI figures and came up with the following figures (based on everyone earning £30k but it doesn't actually matter that much it's the end sums that really matter).

    😃 If you employ 2 people at a combined salary of £60k pa, you will be BETTER OFF by £768

    😃 If you employ 3 people at a combined salary of £90k pa, you will be BETTER OFF by £2,903

    😃 If you employ 5 people at a combined salary of £150k pa, you will be BETTER OFF by £1,171

    😃 If you employ 6 people at a combined salary of £180k pa, you will be BETTER OFF by £305

    😥 It is only when you get to 7 employees at a combined salary of £210k pa that you start to feel the increase - now you are £561 WORSE OFF.

    These are neither strong positive nor negative incentives. At 7 employees (the cutoff point for it becoming worse) it's a <2% hit.

    I'm not entirely sure those numbers are right with the £10,500 employer's NI additional relief (and the lifting of the 100k cap).

    We are seeing an increase of £3,700 with Class 1 Employer NI of roughly £100k.
  • SandpitSandpit Posts: 56,022

    It's Shi'ite.
    If you want to see a close election, at least hope for good weather.

    It’s always Sunni in Philadelphia.
  • kinabalukinabalu Posts: 44,716

    By his own admission, this poster has a poor record at predictions. DYOR etc etc.
    I'm dyoring all day and all night atm. Exhausting. Will be glad when it's over.

    Fwiw I need to post a status change. I've bounced up a notch from 'genuinely hopeful' to 'cautiously optimistic'.

    Could 'quietly confident' be back in reach before Tuesday? Probably not but it's possible.
  • NigelbNigelb Posts: 76,495
    NEW HAMPSHIRE !

    Presidential Polling:

    NC:
    Trump (R): 47%
    Harris (D): 45%

    PA:
    Harris (D): 48%
    Trump (R): 47%

    NH:
    Harris (D): 50%
    Trump (R): 43%

    U. Mass Lowell/YouGov / Oct 23, 2024

    https://x.com/USA_Polling/status/1851992448135737848
  • FrancisUrquhartFrancisUrquhart Posts: 83,371
    edited October 2024

    On the budget, it seems that there's a trade off between higher personal living standards and better public services - because we can't afford both given the dire state of public finances.
    I would happily accept my disposable income being pretty static over the next five years if, at the same time, my life was made better and easier by a significantly improved public realm including, but by no means confined to, the NHS. I think that's what Labour is aiming for.

    What happened to the growth agenda....ultimately without growth the problem is never solved, the pain is just delayed.

    It is quite impressive they are borrowing masses of money to fund infrastructure, but making growth worse....that is the opposite of what is supposed to happen by such an economic policy e.g. it is why China has repeatedly done it when their economy has slowed.

    Also the IFS are making it clear, its all fantasy numbers, they will have to be back to the well for more tax rises unless they are going to enact austerity in 1-2 years. So your disposal income won't be static.
  • turbotubbsturbotubbs Posts: 18,589
    kjh said:

    I agree, which is why I argued with him and I wanted the right to argue with him.

    What I hadn't appreciated, as you can see from my comment about @TheScreamingEagles, was the difference between me arguing with him, but not being hurt because I am white, and others that are hurt by the comments.
    If we can step back from the race element then the question of culture is, to me, more important. Do the inhabitants of a village, town, city, county, country have a right to want to maintain their culture? (If that is a reasonable thing, and of course will mean different things to different people). We see when you have immigration from cultures similar to the 'host' country that there are fewer problems with integration etc. What are the rights of the existing population?
  • MightyAlexMightyAlex Posts: 1,756
    edited October 2024
    MattW said:

    Freemen on the Land in the wild. Binkety bankety bonkers !

    'My car is outside the Jurisdiction of the United Kingdom".It was a banger parked half on the pavement.

    Spotted on a vehicle on my constitutional yesterday.


    A type of societal aposematism? The warning being you might have to deal with a schizo.
  • NigelbNigelb Posts: 76,495
    Michigan Presidential Polling:

    Harris (D): 49%
    Trump (R): 45%

    U. Mass Lowell/YouGov / Oct 24, 2024 / n=600

    ...

    Michigan Presidential Polling:

    Harris (D): 47%
    Trump (R): 46%

    Washington Post / Oct 28, 2024 / n=1003

    https://x.com/USA_Polling/status/1851990201951760699
  • AnabobazinaAnabobazina Posts: 23,795

    I have a card with an alt-bank and one can instantly reset the contactless limit using the app on the phone.
    Great, but again this is a solution looking for a problem. Just pay with your phone/watch and leave the obsolete bits of plastic at home. And, while you are at it, the physical wallet. Declutter your life.
  • Northern_AlNorthern_Al Posts: 8,765

    What happened to the growth agenda....ultimately without growth the problem is never solved, the pain is just delayed.

    It is quite impressive they are borrowing masses of money to fund infrastructure, but making growth worse....that is the opposite of what is supposed to happen by such a policy.
    It will take more than 5 years for there to be sufficient growth to enable both higher personal living standards and improved public services.
    That's why Labour's plan is really a 10-year plan rather than a 5-year plan. They'll reap the benefits in the second term, provided they can secure enough progress to win in 2029.
  • SandpitSandpit Posts: 56,022

    What happened to the growth agenda....ultimately without growth the problem is never solved, the pain is just delayed.

    It is quite impressive they are borrowing masses of money to fund infrastructure, but making growth worse....that is the opposite of what is supposed to happen by such an economic policy e.g. it is why China has repeatedly done it when their economy has slowed.

    Also the IFS are making it clear, its all fantasy numbers, they will have to be back to the well for more tax rises unless they are going to enact austerity in 1-2 years. So your disposal income won't be static.
    Presumably, outside of the budget considerations, there’s a massive deregulation and government efficiency bill about to be presented to the Commons?
  • LostPasswordLostPassword Posts: 19,155
    MaxPB said:

    10y yields up by 25bp and the spread to US 10y yields has increased by 15bp, spread to France by 17bp. The UK does now have a slight risk premium on debt that we didn't have under Rishi and Hunt. So far it isn't as bad as Truss where the idiot premium was about 80bp but that didn't peak until the week after the original announcements.

    I really think we're going to be facing the spectre of failed bond auctions over the next few years as the BoE continues to unwind QE and the government writes £150bn in additional debt that needs to be digested. Our debt interest bill is going to be unbearably high by the end of 2029 because we've got about £400bn in gilts to rollover from relatively low interest rates from pre-2020 that will be refinanced with at least 2pp more yield. I wouldn't be surprised if we end up paying more than £100bn per year in debt interest by the time of the next election.

    I thought debt interest was already over £100bn pa. Budget documents have it forecast to be 3.6% of GDP throughout or £126bn in 2025-26.

    Anyone want to look up how much debt interest Britain was paying in 2009-10?

    I think it might make me sob.
  • Roleces surely - Matrix Matrices; Testatrix Testatrices; Administratrix Administratrices; Rolex Roleces
    Index - indices
  • SandpitSandpit Posts: 56,022

    Great, but again this is a solution looking for a problem. Just pay with your phone/watch and leave the obsolete bits of plastic at home. And, while you are at it, the physical wallet. Declutter your life.
    Question for you. Genuine question. A mate comes up to you in the pub tonight and says “Can I borrow £50 until next Thursday, I’ve not been paid yet but it’s my wife’s birthday tomorrow and I need to buy her something?”, how do you react?
  • NigelbNigelb Posts: 76,495
    Nigelb said:

    NEW HAMPSHIRE !

    Presidential Polling:

    NC:
    Trump (R): 47%
    Harris (D): 45%

    PA:
    Harris (D): 48%
    Trump (R): 47%

    NH:
    Harris (D): 50%
    Trump (R): 43%

    U. Mass Lowell/YouGov / Oct 23, 2024

    https://x.com/USA_Polling/status/1851992448135737848

    New Hampshire Presidential Polling:

    Harris (D): 51%
    Trump (R): 46%

    St. Anselm / Oct 29, 2024

    https://x.com/USA_Polling/status/1851742980316750214
  • bondegezoubondegezou Posts: 13,616
    TOPPING said:

    The problem in a nutshell. If you walk into work and there is a crisp packet on the floor do you wait for the person responsible for picking up crisp packets to come along. No. You pick it up or ask for the cleaners to go over the area.

    The NHS is full of people who walk past the crisp packet because it isn't their job to pick up crisp packets and meanwhile the place is full to brimming with rubbish. And they don't care enough either to pick the damn thing up or to ask the cleaners to do so.

    And Cheese & Onion if you're wondering.
    You've got a long patient list, you've just been bleeped, you're already behind on your paperwork.... what do you do? You need to give people capacity.
  • AnabobazinaAnabobazina Posts: 23,795
    edited October 2024
    kinabalu said:

    I'm dyoring all day and all night atm. Exhausting. Will be glad when it's over.

    Fwiw I need to post a status change. I've bounced up a notch from 'genuinely hopeful' to 'cautiously optimistic'.

    Could 'quietly confident' be back in reach before Tuesday? Probably not but it's possible.
    Some of the swing state polling today seems decent for Kamala. But, we watch, and we wait.
  • All these are international bond movements are a concern.

    Concerns over the U.S. election and unpredictable intentional events ?
This discussion has been closed.