Gregg Wallace has been sacked as MasterChef presenter as a result of an inquiry into alleged misconduct, BBC News understands.
It comes as 50 more people have approached the BBC with fresh claims about the TV presenter - including allegations he groped one MasterChef worker and pulled his trousers down in front of another. Wallace denies the claims.
So another of their most successful shows is once again put on the funeral pyre of political correctness. I am really not sure that the BBC is in tune with its audience about this, just as they weren’t with Clarkson and Top Gear. I will miss it and almost certainly not watch their attempts to revive the corpse.
The next series has the vile (lack of) Grace Dent in his place and after that who knows.
Gregg Wallace has been sacked as MasterChef presenter as a result of an inquiry into alleged misconduct, BBC News understands.
It comes as 50 more people have approached the BBC with fresh claims about the TV presenter - including allegations he groped one MasterChef worker and pulled his trousers down in front of another. Wallace denies the claims.
So another of their most successful shows is once again put on the funeral pyre of political correctness. I am really not sure that the BBC is in tune with its audience about this, just as they weren’t with Clarkson and Top Gear. I will miss it and almost certainly not watch their attempts to revive the corpse.
It's a tricky one.
One one hand, Greg Wallace is a goose who lays golden eggs. On the other, he is a goose who... gooses. Or something similarly dubious. And at some point, you can't keep people like that on, no matter how much value they bring in. Employers should debate where the line is drawn (a world where the accusations against Jimmy Saville would have been taken seriously at the time would have been a better world), but there clearly is a line.
He claims to have been exonerated from the more serious accusations. I’ve no idea if that is true or not. It may not be and it is possible that he is found to have committed certain acts that an employer cannot condone. But it is also possible that various people have seen a gravy train and made a lot more of things than is warranted. Who knows? It’s just a disaster for the BBC.
One question is whether any of the contestants on the main or professional versions of Masterchef have made complaints or whether it is just celebrities and production staff, in which case maybe it was only misguided and outdated banter with colleagues and he should be allowed to wipe the slate clean with an apology.
In other, more important news it turns out I’ve spent the day driving round Bulgaria in 35C heat, and I’ve only now remembered that I had a bar of expensive chocolate in my sexy Norwegian backpack
@elonmusk · 6m How can people be expected to have faith in Trump if he won’t release the Epstein files?
Is it really Trump the Epstein coverup is protecting? The President would have known, or at least had a good idea, if he could be implicated in anything more significant than pussygrabgate yet had been in favour of release.
It also seems to have been a very late change of mind. Did some bright intern spot something hidden in a footnote?
Bayeux tapestry deal done. I think it was announced in maybe 2018?
It’s a really long handkerchief. It depicts events in England. It was almost certainly woven in England
We shouldn’t be thanking the French Prez for lending it, we should be demanding it back
Not sure lecturing other countries on this matter is the way to go . Unless you also support Greece getting the Elgin Marbles back .
I suspect there was a touch of irony in Leon's post.
But I don't massively want a massive depiction of English defeat. The French are trolling us here.
It depicts the defeat of the Saxons. They were German, not English.
I still maintain the Norman conquest was the greatest disaster ever to hit our ancestors - greater even than the Roman Empire. Of course, its slightly complicated by the small but non zero part of our ancestors who were Norman.
This is silly
It was the fusion of Anglo-Saxon, Celtic and Norman virtues which made Britain great. And I mean that
The Normans also brought a lot to the English language
Nice to see the old Norman Yoke trope getting some play though. IIRC from Robert Tombs' book on England it certainly was more dramatic than we often think of it, but bit late to keep being mad about it.
If anything, I’d be pissed off if I was a Norman
They conquered England, bits of Ireland, huge swathes of France, Sicily, they already owned Scandinavia
But where are they now? Where is “Norman” culture and language? It does not exist. It has all been slowly absorbed into England, France, Italy
Yes their “names” and genes endure but so do those of everyone around 1000AD, as I proved to a skeptical @IanB2 the other day
All that fightin’ and winning’ and not THAT much to show for it
Yet a few thousand scruffy Angles landing on the shores of Suffolk in 500AD have the Entire English Language as their legacy. Global Cultural Hegemony
There's another PB'er who could use some tips on how to (try and) retreat from a hopeless position, who could maybe use your advice...
Are these mountains of yours that much of a detour for someone driving from Romania to Greece?
You were completely right about that, and I was completely wrong
I happily yield. I had no idea it was so mathematically certain that 90%+ of anyone alive in Europe today is a DIRECT descendant of Charlemagne or the Conqueror or anyone who had a reasonable number of kids and grandkids
Yet so it is. Of course my position is different in that I have a “provable” paper descent but that is NOT what I was arguing at the time and I was wrong. I’m not sure why I was so stubborn in admitting this, I was likely in a pugnacious mood and looking to fight on regardless
Glad you are enjoying Norway
That was a nice post. I was part of that argument and your post there is appreciated. Good on you.
You just said on the previous thread even the capital you were whinging about still receiving WFA on is taxable income, with corporation tax paid on the interest
Wait, what? I was sure, based on the absolute certainty that non-Tories on here were possessed of that he was going to F off to California asap after the election, that he would be out there by now not carrying on as an MP and taking roles in the UK.
Wait, what? I was sure, based on the absolute certainty that non-Tories on here were possessed of that he was going to F off to California asap after the election, that he would be out there by now not carrying on as an MP and taking roles in the UK.
He also joined the Blavatnik School of Government at the University of Oxford, as well as the Hoover Institution at Stanford University (California) in the US.
Or politicians subcontracting decision making to ‘independent bodies’.
Like the DEI sentencing guidelines.
No, Zia Yusuf has a point.
The OBR does not say that the triple lock will cost 3x more. It says that it has. It was estimated to cost £5bn by now, 0.2% of GDP. It has in fact cost £15bn a year. This is not a forecast, it is arithmetic.
Wait, what? I was sure, based on the absolute certainty that non-Tories on here were possessed of that he was going to F off to California asap after the election, that he would be out there by now not carrying on as an MP and taking roles in the UK.
Bayeux tapestry deal done. I think it was announced in maybe 2018?
It’s a really long handkerchief. It depicts events in England. It was almost certainly woven in England
We shouldn’t be thanking the French Prez for lending it, we should be demanding it back
Not sure lecturing other countries on this matter is the way to go . Unless you also support Greece getting the Elgin Marbles back .
I suspect there was a touch of irony in Leon's post.
But I don't massively want a massive depiction of English defeat. The French are trolling us here.
It depicts the defeat of the Saxons. They were German, not English.
I still maintain the Norman conquest was the greatest disaster ever to hit our ancestors - greater even than the Roman Empire. Of course, its slightly complicated by the small but non zero part of our ancestors who were Norman.
This is silly
It was the fusion of Anglo-Saxon, Celtic and Norman virtues which made Britain great. And I mean that
The Normans also brought a lot to the English language
Nice to see the old Norman Yoke trope getting some play though. IIRC from Robert Tombs' book on England it certainly was more dramatic than we often think of it, but bit late to keep being mad about it.
If anything, I’d be pissed off if I was a Norman
They conquered England, bits of Ireland, huge swathes of France, Sicily, they already owned Scandinavia
But where are they now? Where is “Norman” culture and language? It does not exist. It has all been slowly absorbed into England, France, Italy
Yes their “names” and genes endure but so do those of everyone around 1000AD, as I proved to a skeptical @IanB2 the other day
All that fightin’ and winning’ and not THAT much to show for it
Yet a few thousand scruffy Angles landing on the shores of Suffolk in 500AD have the Entire English Language as their legacy. Global Cultural Hegemony
Although a Belgian newspaper once described me as Anglo-Norman. So there is that 😉
Or politicians subcontracting decision making to ‘independent bodies’.
Like the DEI sentencing guidelines.
No, Zia Yusuf has a point.
The OBR does not say that the triple lock will cost 3x more. It says that it has. It was estimated to cost £5bn by now, 0.2% of GDP. It has in fact cost £15bn a year. This is not a forecast, it is arithmetic.
So he doesn’t.
He does when he says this
‘Gutless politicians have for too long abdicated responsibility for running the British economy to a bunch of morons.’
Wait, what? I was sure, based on the absolute certainty that non-Tories on here were possessed of that he was going to F off to California asap after the election, that he would be out there by now not carrying on as an MP and taking roles in the UK.
He took a role at Stanford post PM ship.
Yep, an unpaid visiting fellow. Not quite the whole sodding off to California asap vibe he was tarred with here and elsewhere.
Simply this: that the facts he highlights are indictments, not of the OBR or its staff, who are genuine, not fake experts, but of economic forecasting itself.
In my career, I've produced more than my share of economic forecasts. Sometimes I've been right, but just as often - probably rather more so - I've been wrong, and no economist in my experience can credibly claim to have done much better.
The truth is that forecasting complex systems, whether markets, economies, the weather, or how a leaf will move on the surface of a pond, is currently beyond us.
So Yusuf is both right in what he says and wrong in what he implies - gutless politicians have abdicated responsibility to the generally wrong OBR for too long, but he and his mates taking over economic forecasting and policy would be highly unlikely to make things any better. They would doubtless produce economic forecasts heavily influenced by their own wishful thinking, which would be likely to make their decisions even worse.
Gregg Wallace has been sacked as MasterChef presenter as a result of an inquiry into alleged misconduct, BBC News understands.
It comes as 50 more people have approached the BBC with fresh claims about the TV presenter - including allegations he groped one MasterChef worker and pulled his trousers down in front of another. Wallace denies the claims.
So another of their most successful shows is once again put on the funeral pyre of political correctness. I am really not sure that the BBC is in tune with its audience about this, just as they weren’t with Clarkson and Top Gear. I will miss it and almost certainly not watch their attempts to revive the corpse.
If Masterchef is to survive they should also sack John Torode, whose taste buds have been destroyed by his spicy food fetish. If you don’t cook Caribbean or South Asian food, he’s not interested. Get Marcus Wareing and Monica Galetti to host the amateur version as well as the professional version.
In fairness I'd need to know how good the OBR's record is before deciding whether his attack on it is reasonable.
Actually you don't need to know how good the OBR's record is because Zia Yusuf chooses to shoot the messenger. His point has nothing to do with how accurate the OBR. It's that he doesn't care about budget responsibility, and in particular the cost of the triple lock. It's of a piece with Reform's intention to take away the BoE's control of interest rates. You would only do that if you plan an inflationary monetary policy.
Wait, what? I was sure, based on the absolute certainty that non-Tories on here were possessed of that he was going to F off to California asap after the election, that he would be out there by now not carrying on as an MP and taking roles in the UK.
Are you sure it was non-Tories predicting Rishi's departure?
Trump: I asked Xi how many wind farms do you have? They don't have a lot. Very few. Wind is tremendously expensive and very ugly. If you want a house inside of a windmill, your house is worth than less half. And you hear noises. https://x.com/Acyn/status/1942626093875556401
I would like Aberdeenshire Council and South Ayrshire Council to approve plans for wind farms totally surrounding his golf courses, just to piss Trump off.
Gregg Wallace has been sacked as MasterChef presenter as a result of an inquiry into alleged misconduct, BBC News understands.
It comes as 50 more people have approached the BBC with fresh claims about the TV presenter - including allegations he groped one MasterChef worker and pulled his trousers down in front of another. Wallace denies the claims.
I suspect there are 50 odd examples of behaviour which when combined do Mr Wallace and a lot of management no favours...
But Greg's career is utterly over so he may as well fight for every penny he can get because he's not getting any future work...
A load of the cancelled should get together and set up their own tv channel. You could have Huw Edward’s doing the news, Philip Schofield doing the morning rubbish, Greg doing a good old ranty show with phone ins and guests whinging about political correctness. Lawrence Fox can do a detective drama and Russell Brand can do a talk show.
In fairness I'd need to know how good the OBR's record is before deciding whether his attack on it is reasonable.
Actually you don't need to know how good the OBR's record is because Zia Yusuf chooses to shoot the messenger. His point has nothing to do with how accurate the OBR. It's that he doesn't care about budget responsibility, and in particular the cost of the triple lock. It's of a piece with Reform's intention to take away the BoE's control of interest rates. You would only do that if you plan an inflationary monetary policy.
Buy gold, people, buy gold.
Hyperinflation and the complete collapse of the welfare state is the only way out of the current debt crisis. When something can’t go on it eventually stops. Gold is as good a guess as any as to what value survives that.
How did these idiots get mixed up with the Wagner Group?
Online, probably. They saw lots of bots saying "Russia stronk!", how Ukrainians were Nazis (*), and how Ukraine started the war by not snuggling into the bosom of Mother Russia, and were 'encouraged' to perform this act.
They will not be alone. I suspect some of the more militant pro-Palestinian 'protestors' are getting similar encouragement, because it hurts *us*.
(*) A sadly common belief, even on here.
You can't be serious? They haven't been brainwashed into it by propaganda about Ukrainian Nazis.
This is Russia weaponising our diversity against us.
You seem to underestimate how easy it is for people to be radicalised online. Maybe you should look in the mirror!
In fairness I'd need to know how good the OBR's record is before deciding whether his attack on it is reasonable.
Actually you don't need to know how good the OBR's record is because Zia Yusuf chooses to shoot the messenger. His point has nothing to do with how accurate the OBR. It's that he doesn't care about budget responsibility, and in particular the cost of the triple lock. It's of a piece with Reform's intention to take away the BoE's control of interest rates. You would only do that if you plan an inflationary monetary policy.
Buy gold, people, buy gold.
Hyperinflation and the complete collapse of the welfare state is the only way out of the current debt crisis. When something can’t go on it eventually stops. Gold is as good a guess as any as to what value survives that.
During the Eurozone crisis, one policymaker observed something like "we know what we need to do to end this crisis. We just don't know how to do it and get elected again".
It's perfectly possible to avoid apocalypse. It's just there are more votes in pretending that there are easy solutions. (See Reform.)
How did these idiots get mixed up with the Wagner Group?
Online, probably. They saw lots of bots saying "Russia stronk!", how Ukrainians were Nazis (*), and how Ukraine started the war by not snuggling into the bosom of Mother Russia, and were 'encouraged' to perform this act.
They will not be alone. I suspect some of the more militant pro-Palestinian 'protestors' are getting similar encouragement, because it hurts *us*.
(*) A sadly common belief, even on here.
You can't be serious? They haven't been brainwashed into it by propaganda about Ukrainian Nazis.
This is Russia weaponising our diversity against us.
You seem to underestimate how easy it is for people to be radicalised online. Maybe you should look in the mirror!
It is easy to radicalise some people online.
And the greater the diversity in a country the easier it is to do so.
Radicalise demographic A on issue X, radicalise demographic B on issue Y, radicalise demographic C on issue Z etc
My son was working Gate 3 on Friday and Saturday. On his break he goes into the stadium to say he's seen the main act. He was very impressed that Hawaiian pizza was being served in VIP hospitality. He loves ham on a pizza.
In fairness I'd need to know how good the OBR's record is before deciding whether his attack on it is reasonable.
Actually you don't need to know how good the OBR's record is because Zia Yusuf chooses to shoot the messenger. His point has nothing to do with how accurate the OBR. It's that he doesn't care about budget responsibility, and in particular the cost of the triple lock. It's of a piece with Reform's intention to take away the BoE's control of interest rates. You would only do that if you plan an inflationary monetary policy.
Buy gold, people, buy gold.
Hyperinflation and the complete collapse of the welfare state is the only way out of the current debt crisis. When something can’t go on it eventually stops. Gold is as good a guess as any as to what value survives that.
Last time there was hyperinflation one Adolf Hitler was a big winner if I recall from the backlash
My son was working Gate 3 on Friday and Saturday. On his break he goes into the stadium to say he's seen the main act. He was very impressed that Hawaiian pizza was being served in VIP hospitality. He loves ham on a pizza.
A main and pudding in the same course - what more in live do you neeed.
In fairness I'd need to know how good the OBR's record is before deciding whether his attack on it is reasonable.
Actually you don't need to know how good the OBR's record is because Zia Yusuf chooses to shoot the messenger. His point has nothing to do with how accurate the OBR. It's that he doesn't care about budget responsibility, and in particular the cost of the triple lock. It's of a piece with Reform's intention to take away the BoE's control of interest rates. You would only do that if you plan an inflationary monetary policy.
Buy gold, people, buy gold.
Hyperinflation and the complete collapse of the welfare state is the only way out of the current debt crisis. When something can’t go on it eventually stops. Gold is as good a guess as any as to what value survives that.
Last time there was hyperinflation one Adolf Hitler was a big winner if I recall from the backlash
In fairness I'd need to know how good the OBR's record is before deciding whether his attack on it is reasonable.
Actually you don't need to know how good the OBR's record is because Zia Yusuf chooses to shoot the messenger. His point has nothing to do with how accurate the OBR. It's that he doesn't care about budget responsibility, and in particular the cost of the triple lock. It's of a piece with Reform's intention to take away the BoE's control of interest rates. You would only do that if you plan an inflationary monetary policy.
Buy gold, people, buy gold.
Hyperinflation and the complete collapse of the welfare state is the only way out of the current debt crisis. When something can’t go on it eventually stops. Gold is as good a guess as any as to what value survives that.
Last time there was hyperinflation one Adolf Hitler was a big winner if I recall from the backlash
In fairness I'd need to know how good the OBR's record is before deciding whether his attack on it is reasonable.
Actually you don't need to know how good the OBR's record is because Zia Yusuf chooses to shoot the messenger. His point has nothing to do with how accurate the OBR. It's that he doesn't care about budget responsibility, and in particular the cost of the triple lock. It's of a piece with Reform's intention to take away the BoE's control of interest rates. You would only do that if you plan an inflationary monetary policy.
Buy gold, people, buy gold.
Hyperinflation and the complete collapse of the welfare state is the only way out of the current debt crisis. When something can’t go on it eventually stops. Gold is as good a guess as any as to what value survives that.
Last time there was hyperinflation one Adolf Hitler was a big winner if I recall from the backlash
In fairness I'd need to know how good the OBR's record is before deciding whether his attack on it is reasonable.
Actually you don't need to know how good the OBR's record is because Zia Yusuf chooses to shoot the messenger. His point has nothing to do with how accurate the OBR. It's that he doesn't care about budget responsibility, and in particular the cost of the triple lock. It's of a piece with Reform's intention to take away the BoE's control of interest rates. You would only do that if you plan an inflationary monetary policy.
Buy gold, people, buy gold.
Hyperinflation and the complete collapse of the welfare state is the only way out of the current debt crisis. When something can’t go on it eventually stops. Gold is as good a guess as any as to what value survives that.
Last time there was hyperinflation one Adolf Hitler was a big winner if I recall from the backlash
I’m not saying that this is a good thing, quite the contrary, but we are out of options.
My son was working Gate 3 on Friday and Saturday. On his break he goes into the stadium to say he's seen the main act. He was very impressed that Hawaiian pizza was being served in VIP hospitality. He loves ham on a pizza.
A main and pudding in the same course - what more in live do you neeed.
In fairness I'd need to know how good the OBR's record is before deciding whether his attack on it is reasonable.
Actually you don't need to know how good the OBR's record is because Zia Yusuf chooses to shoot the messenger. His point has nothing to do with how accurate the OBR. It's that he doesn't care about budget responsibility, and in particular the cost of the triple lock. It's of a piece with Reform's intention to take away the BoE's control of interest rates. You would only do that if you plan an inflationary monetary policy.
Buy gold, people, buy gold.
Hyperinflation and the complete collapse of the welfare state is the only way out of the current debt crisis. When something can’t go on it eventually stops. Gold is as good a guess as any as to what value survives that.
Last time there was hyperinflation one Adolf Hitler was a big winner if I recall from the backlash
Mugabe?
Wasn't Mugabe before Zimbabwe inflation, not afterwards..
In fairness I'd need to know how good the OBR's record is before deciding whether his attack on it is reasonable.
Actually you don't need to know how good the OBR's record is because Zia Yusuf chooses to shoot the messenger. His point has nothing to do with how accurate the OBR. It's that he doesn't care about budget responsibility, and in particular the cost of the triple lock. It's of a piece with Reform's intention to take away the BoE's control of interest rates. You would only do that if you plan an inflationary monetary policy.
Buy gold, people, buy gold.
Hyperinflation and the complete collapse of the welfare state is the only way out of the current debt crisis. When something can’t go on it eventually stops. Gold is as good a guess as any as to what value survives that.
Last time there was hyperinflation one Adolf Hitler was a big winner if I recall from the backlash
Mugabe?
Wasn't Mugabe before Zimbabwe inflation, not afterwards..
He was both. The hyperinflation financially crippled his opponents and made his supporters (who were getting money/land from him) cling tighter to him.
In fairness I'd need to know how good the OBR's record is before deciding whether his attack on it is reasonable.
Actually you don't need to know how good the OBR's record is because Zia Yusuf chooses to shoot the messenger. His point has nothing to do with how accurate the OBR. It's that he doesn't care about budget responsibility, and in particular the cost of the triple lock. It's of a piece with Reform's intention to take away the BoE's control of interest rates. You would only do that if you plan an inflationary monetary policy.
Buy gold, people, buy gold.
Hyperinflation and the complete collapse of the welfare state is the only way out of the current debt crisis. When something can’t go on it eventually stops. Gold is as good a guess as any as to what value survives that.
Last time there was hyperinflation one Adolf Hitler was a big winner if I recall from the backlash
Mugabe?
Him too but I was talking a European context
You weren't specific and Mugabe is more relevant to a modern context.
Although with your comparison of the Fuhrer and the next Prime Minister you could be onto something.
In fairness I'd need to know how good the OBR's record is before deciding whether his attack on it is reasonable.
Actually you don't need to know how good the OBR's record is because Zia Yusuf chooses to shoot the messenger. His point has nothing to do with how accurate the OBR. It's that he doesn't care about budget responsibility, and in particular the cost of the triple lock. It's of a piece with Reform's intention to take away the BoE's control of interest rates. You would only do that if you plan an inflationary monetary policy.
Buy gold, people, buy gold.
Hyperinflation and the complete collapse of the welfare state is the only way out of the current debt crisis. When something can’t go on it eventually stops. Gold is as good a guess as any as to what value survives that.
Last time there was hyperinflation one Adolf Hitler was a big winner if I recall from the backlash
Not really.
Hitler benefitted from the depression in the early 1930s.
The hyperinflation of 2023 was followed by quite successful moderate centre-right government.
In fairness I'd need to know how good the OBR's record is before deciding whether his attack on it is reasonable.
Actually you don't need to know how good the OBR's record is because Zia Yusuf chooses to shoot the messenger. His point has nothing to do with how accurate the OBR. It's that he doesn't care about budget responsibility, and in particular the cost of the triple lock. It's of a piece with Reform's intention to take away the BoE's control of interest rates. You would only do that if you plan an inflationary monetary policy.
Buy gold, people, buy gold.
Hyperinflation and the complete collapse of the welfare state is the only way out of the current debt crisis. When something can’t go on it eventually stops. Gold is as good a guess as any as to what value survives that.
During the Eurozone crisis, one policymaker observed something like "we know what we need to do to end this crisis. We just don't know how to do it and get elected again".
It's perfectly possible to avoid apocalypse. It's just there are more votes in pretending that there are easy solutions. (See Reform.)
I don’t see it. We would need to run a surplus for 30-50 years instead of a deficit of £150bn. How do we get there without crashing the economy with a collapse in demand? Our economy is a bubble of debt and brought forward demand kept going by excess consumption and yet more debt.
We can’t repay our debts. We can only inflate them away. And, eventually, we will.
Gregg Wallace has been sacked as MasterChef presenter as a result of an inquiry into alleged misconduct, BBC News understands.
It comes as 50 more people have approached the BBC with fresh claims about the TV presenter - including allegations he groped one MasterChef worker and pulled his trousers down in front of another. Wallace denies the claims.
So another of their most successful shows is once again put on the funeral pyre of political correctness. I am really not sure that the BBC is in tune with its audience about this, just as they weren’t with Clarkson and Top Gear. I will miss it and almost certainly not watch their attempts to revive the corpse.
I'm surprised at you. Have you read the BBC article? Wallace is obviously a dirty, gropey old man with a penchant for waving his bits around, abusing his power, and making many young women feel intimidated or worse. Sod all to do with political correctness.
A lot of this seems to concern various celebs who appeared on the show. I’m not seeing any great disparity of power there. Staff is obviously different.
And how many times was it reported to management and what did they do? Did they say “Greg will be Greg’? Did they tell Greg to stop doing this or else you’re fired? Lots of questions.
The U.S. Supreme Court cleared the way on Tuesday for President Donald Trump's administration to resume carrying out mass job cuts and the restructuring of agencies, elements of his campaign to downsize and reshape the federal government.
The justices lifted San Francisco-based U.S. District Judge Susan Illston's May 22 order that had blocked large-scale federal layoffs called "reductions in force" affecting potentially hundreds of thousands of jobs, while litigation in the case proceeds.
In fairness I'd need to know how good the OBR's record is before deciding whether his attack on it is reasonable.
Actually you don't need to know how good the OBR's record is because Zia Yusuf chooses to shoot the messenger. His point has nothing to do with how accurate the OBR. It's that he doesn't care about budget responsibility, and in particular the cost of the triple lock. It's of a piece with Reform's intention to take away the BoE's control of interest rates. You would only do that if you plan an inflationary monetary policy.
Buy gold, people, buy gold.
Hyperinflation and the complete collapse of the welfare state is the only way out of the current debt crisis. When something can’t go on it eventually stops. Gold is as good a guess as any as to what value survives that.
Last time there was hyperinflation one Adolf Hitler was a big winner if I recall from the backlash
Mugabe?
Him too but I was talking a European context
You weren't specific and Mugabe is more relevant to a modern context.
Although with your comparison of the Fuhrer and the next Prime Minister you could be onto something.
I'm no fan of Angela Rayner but that's a bit harsh.
In fairness I'd need to know how good the OBR's record is before deciding whether his attack on it is reasonable.
Actually you don't need to know how good the OBR's record is because Zia Yusuf chooses to shoot the messenger. His point has nothing to do with how accurate the OBR. It's that he doesn't care about budget responsibility, and in particular the cost of the triple lock. It's of a piece with Reform's intention to take away the BoE's control of interest rates. You would only do that if you plan an inflationary monetary policy.
Buy gold, people, buy gold.
Hyperinflation and the complete collapse of the welfare state is the only way out of the current debt crisis. When something can’t go on it eventually stops. Gold is as good a guess as any as to what value survives that.
Disagree inasmich as it won't get to that point.
It didn't in 1979 when Labour reached the point of political collapse after the Winter of Discontent. I'd argue Thatcher's election victory wasn't an endorsement of monetarism but a repudiation of Butskellism and a sense, with seemingly unfettered Union power, we couldn't go on as we were.
The 2028/9 election may be in a similar vein - a sense we cannot continue on the same road and we need a radical departure. Reform may provide that radical route though the evidence is they won't.
Gregg Wallace has been sacked as MasterChef presenter as a result of an inquiry into alleged misconduct, BBC News understands.
It comes as 50 more people have approached the BBC with fresh claims about the TV presenter - including allegations he groped one MasterChef worker and pulled his trousers down in front of another. Wallace denies the claims.
So another of their most successful shows is once again put on the funeral pyre of political correctness. I am really not sure that the BBC is in tune with its audience about this, just as they weren’t with Clarkson and Top Gear. I will miss it and almost certainly not watch their attempts to revive the corpse.
The next series has the vile (lack of) Grace Dent in his place and after that who knows.
It will die. Just like TG did.
TG died because 1 stunt too many went wrong and this time the person had life changes injuries because of it.
Thankfully cricket found a use for one of their favourite sons...
Yes and no. Top Gear suffered life changing injuries when Clarkson, Hammond and May left. The travesty that followed with the ginger prat should’ve finished it, but new blood was pumped into the corpse with Freddie, Paddy and the one who could actually drive. And then they nearly killed Fred.
Of course The Grand Tour also nearly killed May, but their time was up anyway.
Bayeux tapestry deal done. I think it was announced in maybe 2018?
It’s a really long handkerchief. It depicts events in England. It was almost certainly woven in England
We shouldn’t be thanking the French Prez for lending it, we should be demanding it back
Not sure lecturing other countries on this matter is the way to go . Unless you also support Greece getting the Elgin Marbles back .
I suspect there was a touch of irony in Leon's post.
But I don't massively want a massive depiction of English defeat. The French are trolling us here.
It depicts the defeat of the Saxons. They were German, not English.
I still maintain the Norman conquest was the greatest disaster ever to hit our ancestors - greater even than the Roman Empire. Of course, its slightly complicated by the small but non zero part of our ancestors who were Norman.
This is silly
It was the fusion of Anglo-Saxon, Celtic and Norman virtues which made Britain great. And I mean that
The Normans also brought a lot to the English language
Yes; language. Once upon a time I had to learn Anglo Saxon, which was quite fun, but its literature, while much lauded by its fans is actually a bit dull. Even Beowulf, which few read for the lols, is pretty hard going. I reread it just this year.
And then after the Norman conquest begins a strange age, but after quite a long time a light emerges which is Chaucer's prologue which is recognisably our language, and remarkably reads, in respect of content and purpose and humour and psychology, as something the 21st century can comprehend. Not only a language with a uniquely rich vocabulary has been born, but a way of writing which is with us still. Miraculous.
Chaucer might be recognisable, but even with my mediocre Italian, I find it easier to understand Dante than Chaucer. Now this might be more because of the importance of Dante to modern Italian, rather than an indication of English changing especially rapidly over a similar timescale, but it is still striking.
From what I have seen that wouldn't apply to you. You are a real grafter and the FSB get every last rouble out of your toil. You are a credit to your employer and a lesson to us all.
In fairness I'd need to know how good the OBR's record is before deciding whether his attack on it is reasonable.
Actually you don't need to know how good the OBR's record is because Zia Yusuf chooses to shoot the messenger. His point has nothing to do with how accurate the OBR. It's that he doesn't care about budget responsibility, and in particular the cost of the triple lock. It's of a piece with Reform's intention to take away the BoE's control of interest rates. You would only do that if you plan an inflationary monetary policy.
Buy gold, people, buy gold.
Hyperinflation and the complete collapse of the welfare state is the only way out of the current debt crisis. When something can’t go on it eventually stops. Gold is as good a guess as any as to what value survives that.
Last time there was hyperinflation one Adolf Hitler was a big winner if I recall from the backlash
Not really.
Hitler benefitted from the depression in the early 1930s.
The hyperinflation of 2023 was followed by quite successful moderate centre-right government.
The two, in fairness, were linked. The hyperinflation was ended by currency reform underpinned by the Dawes Plan, which extended lines of credit to the German government. Unfortunately, this also led American banks to lend their surplus funds from the speculative boom of the 1920s to German municipal corporations, in particular, who then defaulted on their loans ($2.2 billion, if memory serves). This led to a credit crunch which kicked off the Wall Street Crash and that led ineluctably to the Depression, which was certainly beneficial to Hitler even if he needed help to get into power.
How did these idiots get mixed up with the Wagner Group?
Online, probably. They saw lots of bots saying "Russia stronk!", how Ukrainians were Nazis (*), and how Ukraine started the war by not snuggling into the bosom of Mother Russia, and were 'encouraged' to perform this act.
They will not be alone. I suspect some of the more militant pro-Palestinian 'protestors' are getting similar encouragement, because it hurts *us*.
(*) A sadly common belief, even on here.
You can't be serious? They haven't been brainwashed into it by propaganda about Ukrainian Nazis.
This is Russia weaponising our diversity against us.
You seem to underestimate how easy it is for people to be radicalised online. Maybe you should look in the mirror!
It is easy to radicalise some people online.
And the greater the diversity in a country the easier it is to do so.
Radicalise demographic A on issue X, radicalise demographic B on issue Y, radicalise demographic C on issue Z etc
If you wish to sow discord, you can always find something to divide people on. Rural vs urban, rich vs poor, Catholic vs Protestant, etc. Our diversity in the country does not make us more susceptible to online radicalisation. People saying stupid things online makes us more susceptible to online radicalisation.
In fairness I'd need to know how good the OBR's record is before deciding whether his attack on it is reasonable.
Actually you don't need to know how good the OBR's record is because Zia Yusuf chooses to shoot the messenger. His point has nothing to do with how accurate the OBR. It's that he doesn't care about budget responsibility, and in particular the cost of the triple lock. It's of a piece with Reform's intention to take away the BoE's control of interest rates. You would only do that if you plan an inflationary monetary policy.
Buy gold, people, buy gold.
Hyperinflation and the complete collapse of the welfare state is the only way out of the current debt crisis. When something can’t go on it eventually stops. Gold is as good a guess as any as to what value survives that.
During the Eurozone crisis, one policymaker observed something like "we know what we need to do to end this crisis. We just don't know how to do it and get elected again".
It's perfectly possible to avoid apocalypse. It's just there are more votes in pretending that there are easy solutions. (See Reform.)
And there are also too many votes in pretending that comfortable, complacent, managed decline is the best we can hope for (see the Con/LD/Lab uniparty).
We can hope for a party that credibly promises the policies necessary to break out of our cycle of stagnation, as we did forty years ago or as Argentina is trying to do now, but a hope is all it is at this stage.
In fairness I'd need to know how good the OBR's record is before deciding whether his attack on it is reasonable.
Actually you don't need to know how good the OBR's record is because Zia Yusuf chooses to shoot the messenger. His point has nothing to do with how accurate the OBR. It's that he doesn't care about budget responsibility, and in particular the cost of the triple lock. It's of a piece with Reform's intention to take away the BoE's control of interest rates. You would only do that if you plan an inflationary monetary policy.
Buy gold, people, buy gold.
Hyperinflation and the complete collapse of the welfare state is the only way out of the current debt crisis. When something can’t go on it eventually stops. Gold is as good a guess as any as to what value survives that.
During the Eurozone crisis, one policymaker observed something like "we know what we need to do to end this crisis. We just don't know how to do it and get elected again".
It's perfectly possible to avoid apocalypse. It's just there are more votes in pretending that there are easy solutions. (See Reform.)
I don’t see it. We would need to run a surplus for 30-50 years instead of a deficit of £150bn. How do we get there without crashing the economy with a collapse in demand? Our economy is a bubble of debt and brought forward demand kept going by excess consumption and yet more debt.
We can’t repay our debts. We can only inflate them away. And, eventually, we will.
We could just all agree that our debts don't exist. The government, the population at large, the markets, the banks. The PB commenters.
In a year or two we emerge from our collective amnesia and shoot anyone who claims to remember the before times.
No-one is interested in simple solutions any more. It worked for Dallas and Bobby Ewing. Apart from the whole show being cancelled entirely a year or two later, but let's also agree to pretend that didn't happen.
In fairness I'd need to know how good the OBR's record is before deciding whether his attack on it is reasonable.
He's a moron himself, if he doesn't understand the limitations of forecasts.
More likely just dishonest.
To play a theme I have played before, the big problem with the Triple Lock was that its algorithm wasn't designed to manage a short-lived inflationary spike. The trouble is that pensions go up by lots in year X due to inflation, and then lots again in year X+1 as wages catch up. Hopefully, that sort of event is pretty rare, and it's not clear how anybody can forsee that sort of thing.
In fairness I'd need to know how good the OBR's record is before deciding whether his attack on it is reasonable.
Actually you don't need to know how good the OBR's record is because Zia Yusuf chooses to shoot the messenger. His point has nothing to do with how accurate the OBR. It's that he doesn't care about budget responsibility, and in particular the cost of the triple lock. It's of a piece with Reform's intention to take away the BoE's control of interest rates. You would only do that if you plan an inflationary monetary policy.
Buy gold, people, buy gold.
Hyperinflation and the complete collapse of the welfare state is the only way out of the current debt crisis. When something can’t go on it eventually stops. Gold is as good a guess as any as to what value survives that.
Last time there was hyperinflation one Adolf Hitler was a big winner if I recall from the backlash
Not really.
Hitler benefitted from the depression in the early 1930s.
The hyperinflation of 2023 was followed by quite successful moderate centre-right government.
There’s quite a convincing theory that German collective memory conflates the early 20s hyperinflation with the crash and subsequent rise of the Nazis, hence the fixation on a steady as you go economy.
In fairness I'd need to know how good the OBR's record is before deciding whether his attack on it is reasonable.
Actually you don't need to know how good the OBR's record is because Zia Yusuf chooses to shoot the messenger. His point has nothing to do with how accurate the OBR. It's that he doesn't care about budget responsibility, and in particular the cost of the triple lock. It's of a piece with Reform's intention to take away the BoE's control of interest rates. You would only do that if you plan an inflationary monetary policy.
Buy gold, people, buy gold.
Hyperinflation and the complete collapse of the welfare state is the only way out of the current debt crisis. When something can’t go on it eventually stops. Gold is as good a guess as any as to what value survives that.
Last time there was hyperinflation one Adolf Hitler was a big winner if I recall from the backlash
Not really.
Hitler benefitted from the depression in the early 1930s.
The hyperinflation of 2023 was followed by quite successful moderate centre-right government.
There’s quite a convincing theory that German collective memory conflates the early 20s hyperinflation with the crash and subsequent rise of the Nazis, hence the fixation on a steady as you go economy.
I think that’s fair but I’d imagine simply the awfulness of the hyperinflation would be enough on its own. Everyone’s savings destroyed. Everything torn up. The destruction of ways of life.
In fairness I'd need to know how good the OBR's record is before deciding whether his attack on it is reasonable.
Actually you don't need to know how good the OBR's record is because Zia Yusuf chooses to shoot the messenger. His point has nothing to do with how accurate the OBR. It's that he doesn't care about budget responsibility, and in particular the cost of the triple lock. It's of a piece with Reform's intention to take away the BoE's control of interest rates. You would only do that if you plan an inflationary monetary policy.
Buy gold, people, buy gold.
Hyperinflation and the complete collapse of the welfare state is the only way out of the current debt crisis. When something can’t go on it eventually stops. Gold is as good a guess as any as to what value survives that.
During the Eurozone crisis, one policymaker observed something like "we know what we need to do to end this crisis. We just don't know how to do it and get elected again".
It's perfectly possible to avoid apocalypse. It's just there are more votes in pretending that there are easy solutions. (See Reform.)
Jean Claude Juncker quote. Greece got out of the mess while being in the euro. Iceland got out of the mess. Argentina is getting out of the mess.
Bayeux tapestry deal done. I think it was announced in maybe 2018?
It’s a really long handkerchief. It depicts events in England. It was almost certainly woven in England
We shouldn’t be thanking the French Prez for lending it, we should be demanding it back
Not sure lecturing other countries on this matter is the way to go . Unless you also support Greece getting the Elgin Marbles back .
I suspect there was a touch of irony in Leon's post.
But I don't massively want a massive depiction of English defeat. The French are trolling us here.
It depicts the defeat of the Saxons. They were German, not English.
I still maintain the Norman conquest was the greatest disaster ever to hit our ancestors - greater even than the Roman Empire. Of course, its slightly complicated by the small but non zero part of our ancestors who were Norman.
This is silly
It was the fusion of Anglo-Saxon, Celtic and Norman virtues which made Britain great. And I mean that
The Normans also brought a lot to the English language
Nice to see the old Norman Yoke trope getting some play though. IIRC from Robert Tombs' book on England it certainly was more dramatic than we often think of it, but bit late to keep being mad about it.
If anything, I’d be pissed off if I was a Norman
They conquered England, bits of Ireland, huge swathes of France, Sicily, they already owned Scandinavia
But where are they now? Where is “Norman” culture and language? It does not exist. It has all been slowly absorbed into England, France, Italy
Yes their “names” and genes endure but so do those of everyone around 1000AD, as I proved to a skeptical @IanB2 the other day
All that fightin’ and winning’ and not THAT much to show for it
Yet a few thousand scruffy Angles landing on the shores of Suffolk in 500AD have the Entire English Language as their legacy. Global Cultural Hegemony
There's another PB'er who could use some tips on how to (try and) retreat from a hopeless position, who could maybe use your advice...
Are these mountains of yours that much of a detour for someone driving from Romania to Greece?
You were completely right about that, and I was completely wrong
I happily yield. I had no idea it was so mathematically certain that 90%+ of anyone alive in Europe today is a DIRECT descendant of Charlemagne or the Conqueror or anyone who had a reasonable number of kids and grandkids
Yet so it is. Of course my position is different in that I have a “provable” paper descent but that is NOT what I was arguing at the time and I was wrong. I’m not sure why I was so stubborn in admitting this, I was likely in a pugnacious mood and looking to fight on regardless
Glad you are enjoying Norway
That was a nice post. I was part of that argument and your post there is appreciated. Good on you.
You just said on the previous thread even the capital you were whinging about still receiving WFA on is taxable income, with corporation tax paid on the interest
God you are like a dog with a bone aren't you.
I have no idea what you are talking about and clearly you don't understand any of this so why don't you drop it.
But if you do want to know the reference I was giving was an example of the fact that HMRC don't have to employ oodles of people to check Capital. They do it now and have done so for ages. I know you won't understand this but I was giving an example of them doing so.
So banks and Building Societies send into HMRC your interest details. HMRC already look at that and compare it to what you claim (if you fill in a return) and also extrapolate to see what the approximate Capital will be. They also do this (regardless of whether you have made a return) to check against benefit claims and to also see if there have been any significant changes in capital that might imply lying about your income.
So just another thing you were wrong about. It does not involve an iota of extra work for HMRC to do. They do it now. I assume it is done automatically and anomalies highlighted.
In my specific case (and you really won't understand this) many years ago (20 odd) I needed to move some money from my company (it doesn't matter what the reason was), but it wasn't a loan, dividend or salary, and I was given permission to hold it in a personal account. Normally any of these would have attracted income tax. With the agreement of the Corporation Tax inspector I was allowed to do this provided I signed an agreement, didn't use the money for personal use and any interest was declared for Corporation Tax and not Income Tax purposes, all of which I did
Because the Income Tax side of HMRC gets the information from the bank about me it would appear that I am under declaring my interest because it included Corporate interest. This is proof that they check this stuff because they contacted me about it. Of course I wasn't as some of it was not being taxed under income tax but under corporation tax and a quick call and submission of the agreement and it was all ok.
I am really glad I sought permission before doing it, because it would have involved some explaining, but having permission of the Corporate Tax inspector and the written agreement meant it was resolved in minutes
But it shows that even 20 years ago these checks that you think will cost a fortune were being done.
In fairness I'd need to know how good the OBR's record is before deciding whether his attack on it is reasonable.
Actually you don't need to know how good the OBR's record is because Zia Yusuf chooses to shoot the messenger. His point has nothing to do with how accurate the OBR. It's that he doesn't care about budget responsibility, and in particular the cost of the triple lock. It's of a piece with Reform's intention to take away the BoE's control of interest rates. You would only do that if you plan an inflationary monetary policy.
Buy gold, people, buy gold.
Hyperinflation and the complete collapse of the welfare state is the only way out of the current debt crisis. When something can’t go on it eventually stops. Gold is as good a guess as any as to what value survives that.
Last time there was hyperinflation one Adolf Hitler was a big winner if I recall from the backlash
Not really.
Hitler benefitted from the depression in the early 1930s.
The hyperinflation of 2023 was followed by quite successful moderate centre-right government.
There’s quite a convincing theory that German collective memory conflates the early 20s hyperinflation with the crash and subsequent rise of the Nazis, hence the fixation on a steady as you go economy.
A little tangential - but I quite enjoyed this R4 dramatisation of Hitlers early life and rise.
How did these idiots get mixed up with the Wagner Group?
Online, probably. They saw lots of bots saying "Russia stronk!", how Ukrainians were Nazis (*), and how Ukraine started the war by not snuggling into the bosom of Mother Russia, and were 'encouraged' to perform this act.
They will not be alone. I suspect some of the more militant pro-Palestinian 'protestors' are getting similar encouragement, because it hurts *us*.
(*) A sadly common belief, even on here.
You can't be serious? They haven't been brainwashed into it by propaganda about Ukrainian Nazis.
This is Russia weaponising our diversity against us.
You seem to underestimate how easy it is for people to be radicalised online. Maybe you should look in the mirror!
It is easy to radicalise some people online.
And the greater the diversity in a country the easier it is to do so.
Radicalise demographic A on issue X, radicalise demographic B on issue Y, radicalise demographic C on issue Z etc
Example A, with nobody in particular in mind, just a character crafted from my own imagination.
So when a notorious mainstream white supremacist stirs up hatred for asylum seekers after a despicable triple murder of children by quoting Andrew Tate's false narrative X account, suggesting an asylum seeker was responsible, so the most susceptible in our society were spurred on to set fire to Holiday Inn Express hotels full of asylum seekers that would be radicalisation.
In fairness I'd need to know how good the OBR's record is before deciding whether his attack on it is reasonable.
Actually you don't need to know how good the OBR's record is because Zia Yusuf chooses to shoot the messenger. His point has nothing to do with how accurate the OBR. It's that he doesn't care about budget responsibility, and in particular the cost of the triple lock. It's of a piece with Reform's intention to take away the BoE's control of interest rates. You would only do that if you plan an inflationary monetary policy.
Buy gold, people, buy gold.
Hyperinflation and the complete collapse of the welfare state is the only way out of the current debt crisis. When something can’t go on it eventually stops. Gold is as good a guess as any as to what value survives that.
During the Eurozone crisis, one policymaker observed something like "we know what we need to do to end this crisis. We just don't know how to do it and get elected again".
It's perfectly possible to avoid apocalypse. It's just there are more votes in pretending that there are easy solutions. (See Reform.)
You can't which is why you kick the can along the road and pray someone else is holding it when things finally fall apart.
In fairness I'd need to know how good the OBR's record is before deciding whether his attack on it is reasonable.
Actually you don't need to know how good the OBR's record is because Zia Yusuf chooses to shoot the messenger. His point has nothing to do with how accurate the OBR. It's that he doesn't care about budget responsibility, and in particular the cost of the triple lock. It's of a piece with Reform's intention to take away the BoE's control of interest rates. You would only do that if you plan an inflationary monetary policy.
Buy gold, people, buy gold.
Hyperinflation and the complete collapse of the welfare state is the only way out of the current debt crisis. When something can’t go on it eventually stops. Gold is as good a guess as any as to what value survives that.
Is it ? It's one way, but certainly not the only one. And it would be one of the most painful.
Gregg Wallace has been sacked as MasterChef presenter as a result of an inquiry into alleged misconduct, BBC News understands.
It comes as 50 more people have approached the BBC with fresh claims about the TV presenter - including allegations he groped one MasterChef worker and pulled his trousers down in front of another. Wallace denies the claims.
So another of their most successful shows is once again put on the funeral pyre of political correctness. I am really not sure that the BBC is in tune with its audience about this, just as they weren’t with Clarkson and Top Gear. I will miss it and almost certainly not watch their attempts to revive the corpse.
If Masterchef is to survive they should also sack John Torode, whose taste buds have been destroyed by his spicy food fetish. If you don’t cook Caribbean or South Asian food, he’s not interested. Get Marcus Wareing and Monica Galetti to host the amateur version as well as the professional version.
Can't say I much like the amateur version of Masterchef anyway. The UK Professionals version is the best, and Masterchef Australia was second, though has got a bit long in the tooth and rotated through too many presenters itself anyway now.
Bayeux tapestry deal done. I think it was announced in maybe 2018?
It’s a really long handkerchief. It depicts events in England. It was almost certainly woven in England
We shouldn’t be thanking the French Prez for lending it, we should be demanding it back
Not sure lecturing other countries on this matter is the way to go . Unless you also support Greece getting the Elgin Marbles back .
I suspect there was a touch of irony in Leon's post.
But I don't massively want a massive depiction of English defeat. The French are trolling us here.
It depicts the defeat of the Saxons. They were German, not English.
I still maintain the Norman conquest was the greatest disaster ever to hit our ancestors - greater even than the Roman Empire. Of course, its slightly complicated by the small but non zero part of our ancestors who were Norman.
This is silly
It was the fusion of Anglo-Saxon, Celtic and Norman virtues which made Britain great. And I mean that
The Normans also brought a lot to the English language
Nice to see the old Norman Yoke trope getting some play though. IIRC from Robert Tombs' book on England it certainly was more dramatic than we often think of it, but bit late to keep being mad about it.
If anything, I’d be pissed off if I was a Norman
They conquered England, bits of Ireland, huge swathes of France, Sicily, they already owned Scandinavia
But where are they now? Where is “Norman” culture and language? It does not exist. It has all been slowly absorbed into England, France, Italy
Yes their “names” and genes endure but so do those of everyone around 1000AD, as I proved to a skeptical @IanB2 the other day
All that fightin’ and winning’ and not THAT much to show for it
Yet a few thousand scruffy Angles landing on the shores of Suffolk in 500AD have the Entire English Language as their legacy. Global Cultural Hegemony
There's another PB'er who could use some tips on how to (try and) retreat from a hopeless position, who could maybe use your advice...
Are these mountains of yours that much of a detour for someone driving from Romania to Greece?
You were completely right about that, and I was completely wrong
I happily yield. I had no idea it was so mathematically certain that 90%+ of anyone alive in Europe today is a DIRECT descendant of Charlemagne or the Conqueror or anyone who had a reasonable number of kids and grandkids
Yet so it is. Of course my position is different in that I have a “provable” paper descent but that is NOT what I was arguing at the time and I was wrong. I’m not sure why I was so stubborn in admitting this, I was likely in a pugnacious mood and looking to fight on regardless
Glad you are enjoying Norway
That was a nice post. I was part of that argument and your post there is appreciated. Good on you.
You just said on the previous thread even the capital you were whinging about still receiving WFA on is taxable income, with corporation tax paid on the interest
God you are like a dog with a bone aren't you.
I have no idea what you are talking about and clearly you don't understand any of this so why don't you drop it.
But if you do want to know the reference I was giving was an example of the fact that HMRC don't have to employ oodles of people to check Capital. They do it now and have done so for ages. I know you won't understand this but I was giving an example of them doing so.
So banks and Building Societies send into HMRC your interest details. HMRC already look at that and compare it to what you claim (if you fill in a return) and also extrapolate to see what the approximate Capital will be. They also do this (regardless of whether you have made a return) to check against benefit claims and to also see if there have been any significant changes in capital that might imply lying about your income.
So just another thing you were wrong about. It does not involve an iota of extra work for HMRC to do. They do it now. I assume it is done automatically and anomalies highlighted.
In my specific case (and you really won't understand this) many years ago (20 odd) I needed to move some money from my company (it doesn't matter what the reason was), but it wasn't a loan, dividend or salary, and I was given permission to hold it in a personal account. Normally any of these would have attracted income tax. With the agreement of the Corporation Tax inspector I was allowed to do this provided I signed an agreement, didn't use the money for personal use and any interest was declared for Corporation Tax and not Income Tax purposes, all of which I did
Because the Income Tax side of HMRC gets the information from the bank about me it would appear that I am under declaring my interest because it included Corporate interest. This is proof that they check this stuff because they contacted me about it. Of course I wasn't as some of it was not being taxed under income tax but under corporation tax and a quick call and submission of the agreement and it was all ok.
I am really glad I sought permission before doing it, because it would have involved some explaining, but having permission of the Corporate Tax inspector and the written agreement meant it was resolved in minutes
But it shows that even 20 years ago these checks that you think will cost a fortune were being done.
You have no idea about any of this do you?
Yes and as you said you pay corporation tax on said interest so that would have been taxable income for WFA
Bayeux tapestry deal done. I think it was announced in maybe 2018?
It’s a really long handkerchief. It depicts events in England. It was almost certainly woven in England
We shouldn’t be thanking the French Prez for lending it, we should be demanding it back
Not sure lecturing other countries on this matter is the way to go . Unless you also support Greece getting the Elgin Marbles back .
I suspect there was a touch of irony in Leon's post.
But I don't massively want a massive depiction of English defeat. The French are trolling us here.
It depicts the defeat of the Saxons. They were German, not English.
I still maintain the Norman conquest was the greatest disaster ever to hit our ancestors - greater even than the Roman Empire. Of course, its slightly complicated by the small but non zero part of our ancestors who were Norman.
This is silly
It was the fusion of Anglo-Saxon, Celtic and Norman virtues which made Britain great. And I mean that
The Normans also brought a lot to the English language
Nice to see the old Norman Yoke trope getting some play though. IIRC from Robert Tombs' book on England it certainly was more dramatic than we often think of it, but bit late to keep being mad about it.
If anything, I’d be pissed off if I was a Norman
They conquered England, bits of Ireland, huge swathes of France, Sicily, they already owned Scandinavia
But where are they now? Where is “Norman” culture and language? It does not exist. It has all been slowly absorbed into England, France, Italy
Yes their “names” and genes endure but so do those of everyone around 1000AD, as I proved to a skeptical @IanB2 the other day
All that fightin’ and winning’ and not THAT much to show for it
Yet a few thousand scruffy Angles landing on the shores of Suffolk in 500AD have the Entire English Language as their legacy. Global Cultural Hegemony
There's another PB'er who could use some tips on how to (try and) retreat from a hopeless position, who could maybe use your advice...
Are these mountains of yours that much of a detour for someone driving from Romania to Greece?
You were completely right about that, and I was completely wrong
I happily yield. I had no idea it was so mathematically certain that 90%+ of anyone alive in Europe today is a DIRECT descendant of Charlemagne or the Conqueror or anyone who had a reasonable number of kids and grandkids
Yet so it is. Of course my position is different in that I have a “provable” paper descent but that is NOT what I was arguing at the time and I was wrong. I’m not sure why I was so stubborn in admitting this, I was likely in a pugnacious mood and looking to fight on regardless
Glad you are enjoying Norway
That was a nice post. I was part of that argument and your post there is appreciated. Good on you.
You just said on the previous thread even the capital you were whinging about still receiving WFA on is taxable income, with corporation tax paid on the interest
God you are like a dog with a bone aren't you.
I have no idea what you are talking about and clearly you don't understand any of this so why don't you drop it.
But if you do want to know the reference I was giving was an example of the fact that HMRC don't have to employ oodles of people to check Capital. They do it now and have done so for ages. I know you won't understand this but I was giving an example of them doing so.
So banks and Building Societies send into HMRC your interest details. HMRC already look at that and compare it to what you claim (if you fill in a return) and also extrapolate to see what the approximate Capital will be. They also do this (regardless of whether you have made a return) to check against benefit claims and to also see if there have been any significant changes in capital that might imply lying about your income.
So just another thing you were wrong about. It does not involve an iota of extra work for HMRC to do. They do it now. I assume it is done automatically and anomalies highlighted.
In my specific case (and you really won't understand this) many years ago (20 odd) I needed to move some money from my company (it doesn't matter what the reason was), but it wasn't a loan, dividend or salary, and I was given permission to hold it in a personal account. Normally any of these would have attracted income tax. With the agreement of the Corporation Tax inspector I was allowed to do this provided I signed an agreement, didn't use the money for personal use and any interest was declared for Corporation Tax and not Income Tax purposes, all of which I did
Because the Income Tax side of HMRC gets the information from the bank about me it would appear that I am under declaring my interest because it included Corporate interest. This is proof that they check this stuff because they contacted me about it. Of course I wasn't as some of it was not being taxed under income tax but under corporation tax and a quick call and submission of the agreement and it was all ok.
I am really glad I sought permission before doing it, because it would have involved some explaining, but having permission of the Corporate Tax inspector and the written agreement meant it was resolved in minutes
But it shows that even 20 years ago these checks that you think will cost a fortune were being done.
You have no idea about any of this do you?
Yes and as you said you pay corporation tax on said interest so that would have been taxable income for WFA
I just popped in only to see your still at it after at least 2 days
Bayeux tapestry deal done. I think it was announced in maybe 2018?
It’s a really long handkerchief. It depicts events in England. It was almost certainly woven in England
We shouldn’t be thanking the French Prez for lending it, we should be demanding it back
Not sure lecturing other countries on this matter is the way to go . Unless you also support Greece getting the Elgin Marbles back .
I suspect there was a touch of irony in Leon's post.
But I don't massively want a massive depiction of English defeat. The French are trolling us here.
It depicts the defeat of the Saxons. They were German, not English.
I still maintain the Norman conquest was the greatest disaster ever to hit our ancestors - greater even than the Roman Empire. Of course, its slightly complicated by the small but non zero part of our ancestors who were Norman.
This is silly
It was the fusion of Anglo-Saxon, Celtic and Norman virtues which made Britain great. And I mean that
The Normans also brought a lot to the English language
Nice to see the old Norman Yoke trope getting some play though. IIRC from Robert Tombs' book on England it certainly was more dramatic than we often think of it, but bit late to keep being mad about it.
If anything, I’d be pissed off if I was a Norman
They conquered England, bits of Ireland, huge swathes of France, Sicily, they already owned Scandinavia
But where are they now? Where is “Norman” culture and language? It does not exist. It has all been slowly absorbed into England, France, Italy
Yes their “names” and genes endure but so do those of everyone around 1000AD, as I proved to a skeptical @IanB2 the other day
All that fightin’ and winning’ and not THAT much to show for it
Yet a few thousand scruffy Angles landing on the shores of Suffolk in 500AD have the Entire English Language as their legacy. Global Cultural Hegemony
There's another PB'er who could use some tips on how to (try and) retreat from a hopeless position, who could maybe use your advice...
Are these mountains of yours that much of a detour for someone driving from Romania to Greece?
You were completely right about that, and I was completely wrong
I happily yield. I had no idea it was so mathematically certain that 90%+ of anyone alive in Europe today is a DIRECT descendant of Charlemagne or the Conqueror or anyone who had a reasonable number of kids and grandkids
Yet so it is. Of course my position is different in that I have a “provable” paper descent but that is NOT what I was arguing at the time and I was wrong. I’m not sure why I was so stubborn in admitting this, I was likely in a pugnacious mood and looking to fight on regardless
Glad you are enjoying Norway
That was a nice post. I was part of that argument and your post there is appreciated. Good on you.
You just said on the previous thread even the capital you were whinging about still receiving WFA on is taxable income, with corporation tax paid on the interest
God you are like a dog with a bone aren't you.
I have no idea what you are talking about and clearly you don't understand any of this so why don't you drop it.
But if you do want to know the reference I was giving was an example of the fact that HMRC don't have to employ oodles of people to check Capital. They do it now and have done so for ages. I know you won't understand this but I was giving an example of them doing so.
So banks and Building Societies send into HMRC your interest details. HMRC already look at that and compare it to what you claim (if you fill in a return) and also extrapolate to see what the approximate Capital will be. They also do this (regardless of whether you have made a return) to check against benefit claims and to also see if there have been any significant changes in capital that might imply lying about your income.
So just another thing you were wrong about. It does not involve an iota of extra work for HMRC to do. They do it now. I assume it is done automatically and anomalies highlighted.
In my specific case (and you really won't understand this) many years ago (20 odd) I needed to move some money from my company (it doesn't matter what the reason was), but it wasn't a loan, dividend or salary, and I was given permission to hold it in a personal account. Normally any of these would have attracted income tax. With the agreement of the Corporation Tax inspector I was allowed to do this provided I signed an agreement, didn't use the money for personal use and any interest was declared for Corporation Tax and not Income Tax purposes, all of which I did
Because the Income Tax side of HMRC gets the information from the bank about me it would appear that I am under declaring my interest because it included Corporate interest. This is proof that they check this stuff because they contacted me about it. Of course I wasn't as some of it was not being taxed under income tax but under corporation tax and a quick call and submission of the agreement and it was all ok.
I am really glad I sought permission before doing it, because it would have involved some explaining, but having permission of the Corporate Tax inspector and the written agreement meant it was resolved in minutes
But it shows that even 20 years ago these checks that you think will cost a fortune were being done.
You have no idea about any of this do you?
Yes and as you said you pay corporation tax on said interest so that would have been taxable income for WFA
OK I am stopping now because you have not a clue what you are talking about.
a) WFA did not exist then
b) Corporation tax is paid by Companies not Individuals and has no impact on WFA whatsoever. Corporation income has no impact on WFA ever. Do you get that NEVER EVER. It is not taxable income for WFA and it can never be so. I do not pay Corporation Tax and never can. It is impossible. Only Companies can. Are there any other ways I can say this.
You know absolutely nothing about any of this. Nothing. You know nothing about Tax whatsoever, yet you sit there behind your keyboard typing utter nonsense.
And in all of that you completely missed the whole point that HMRC check on capital and it does not involve them spending a fortune to do it like you claimed.
Bayeux tapestry deal done. I think it was announced in maybe 2018?
It’s a really long handkerchief. It depicts events in England. It was almost certainly woven in England
We shouldn’t be thanking the French Prez for lending it, we should be demanding it back
Not sure lecturing other countries on this matter is the way to go . Unless you also support Greece getting the Elgin Marbles back .
I suspect there was a touch of irony in Leon's post.
But I don't massively want a massive depiction of English defeat. The French are trolling us here.
It depicts the defeat of the Saxons. They were German, not English.
I still maintain the Norman conquest was the greatest disaster ever to hit our ancestors - greater even than the Roman Empire. Of course, its slightly complicated by the small but non zero part of our ancestors who were Norman.
This is silly
It was the fusion of Anglo-Saxon, Celtic and Norman virtues which made Britain great. And I mean that
The Normans also brought a lot to the English language
Nice to see the old Norman Yoke trope getting some play though. IIRC from Robert Tombs' book on England it certainly was more dramatic than we often think of it, but bit late to keep being mad about it.
If anything, I’d be pissed off if I was a Norman
They conquered England, bits of Ireland, huge swathes of France, Sicily, they already owned Scandinavia
But where are they now? Where is “Norman” culture and language? It does not exist. It has all been slowly absorbed into England, France, Italy
Yes their “names” and genes endure but so do those of everyone around 1000AD, as I proved to a skeptical @IanB2 the other day
All that fightin’ and winning’ and not THAT much to show for it
Yet a few thousand scruffy Angles landing on the shores of Suffolk in 500AD have the Entire English Language as their legacy. Global Cultural Hegemony
There's another PB'er who could use some tips on how to (try and) retreat from a hopeless position, who could maybe use your advice...
Are these mountains of yours that much of a detour for someone driving from Romania to Greece?
You were completely right about that, and I was completely wrong
I happily yield. I had no idea it was so mathematically certain that 90%+ of anyone alive in Europe today is a DIRECT descendant of Charlemagne or the Conqueror or anyone who had a reasonable number of kids and grandkids
Yet so it is. Of course my position is different in that I have a “provable” paper descent but that is NOT what I was arguing at the time and I was wrong. I’m not sure why I was so stubborn in admitting this, I was likely in a pugnacious mood and looking to fight on regardless
Glad you are enjoying Norway
That was a nice post. I was part of that argument and your post there is appreciated. Good on you.
You just said on the previous thread even the capital you were whinging about still receiving WFA on is taxable income, with corporation tax paid on the interest
God you are like a dog with a bone aren't you.
I have no idea what you are talking about and clearly you don't understand any of this so why don't you drop it.
But if you do want to know the reference I was giving was an example of the fact that HMRC don't have to employ oodles of people to check Capital. They do it now and have done so for ages. I know you won't understand this but I was giving an example of them doing so.
So banks and Building Societies send into HMRC your interest details. HMRC already look at that and compare it to what you claim (if you fill in a return) and also extrapolate to see what the approximate Capital will be. They also do this (regardless of whether you have made a return) to check against benefit claims and to also see if there have been any significant changes in capital that might imply lying about your income.
So just another thing you were wrong about. It does not involve an iota of extra work for HMRC to do. They do it now. I assume it is done automatically and anomalies highlighted.
In my specific case (and you really won't understand this) many years ago (20 odd) I needed to move some money from my company (it doesn't matter what the reason was), but it wasn't a loan, dividend or salary, and I was given permission to hold it in a personal account. Normally any of these would have attracted income tax. With the agreement of the Corporation Tax inspector I was allowed to do this provided I signed an agreement, didn't use the money for personal use and any interest was declared for Corporation Tax and not Income Tax purposes, all of which I did
Because the Income Tax side of HMRC gets the information from the bank about me it would appear that I am under declaring my interest because it included Corporate interest. This is proof that they check this stuff because they contacted me about it. Of course I wasn't as some of it was not being taxed under income tax but under corporation tax and a quick call and submission of the agreement and it was all ok.
I am really glad I sought permission before doing it, because it would have involved some explaining, but having permission of the Corporate Tax inspector and the written agreement meant it was resolved in minutes
But it shows that even 20 years ago these checks that you think will cost a fortune were being done.
Comments
Or politicians subcontracting decision making to ‘independent bodies’.
Like the DEI sentencing guidelines.
No, Zia Yusuf has a point.
It also seems to have been a very late change of mind. Did some bright intern spot something hidden in a footnote?
https://www.bbc.co.uk/news/articles/cy0wpejeg1go
@RobertJenrick
Thanks for bringing this to my attention.
Cc:
@BTP
@metpoliceuk
Quote
Just Stop Oil
@JustStop_Oil"
https://x.com/RobertJenrick/status/1942654045518287246
So he doesn’t.
‘Gutless politicians have for too long abdicated responsibility for running the British economy to a bunch of morons.’
Question - what time in the 31st December? Fukers perfectly likely to lose members as the day goes on. Any day
In my career, I've produced more than my share of economic forecasts. Sometimes I've been right, but just as often - probably rather more so - I've been wrong, and no economist in my experience can credibly claim to have done much better.
The truth is that forecasting complex systems, whether markets, economies, the weather, or how a leaf will move on the surface of a pond, is currently beyond us.
So Yusuf is both right in what he says and wrong in what he implies - gutless politicians have abdicated responsibility to the generally wrong OBR for too long, but he and his mates taking over economic forecasting and policy would be highly unlikely to make things any better. They would doubtless produce economic forecasts heavily influenced by their own wishful thinking, which would be likely to make their decisions even worse.
Buy gold, people, buy gold.
Good for him. Get on with the rest of his life.
What does our resident pizza lord, @TSE, think ?
Whatever was kinda responsible for me ceasing to follow the good Muslim path.
Although he might be in the wrong party atm.
It's perfectly possible to avoid apocalypse. It's just there are more votes in pretending that there are easy solutions. (See Reform.)
And the greater the diversity in a country the easier it is to do so.
Radicalise demographic A on issue X, radicalise demographic B on issue Y, radicalise demographic C on issue Z etc
Although with your comparison of the Fuhrer and the next Prime Minister you could be onto something.
Hitler benefitted from the depression in the early 1930s.
The hyperinflation of 2023 was followed by quite successful moderate centre-right government.
Our economy is a bubble of debt and brought forward demand kept going by excess consumption and yet more debt.
We can’t repay our debts. We can only inflate them away. And, eventually, we will.
The U.S. Supreme Court cleared the way on Tuesday for President Donald Trump's administration to resume carrying out mass job cuts and the restructuring of agencies, elements of his campaign to downsize and reshape the federal government.
The justices lifted San Francisco-based U.S. District Judge Susan Illston's May 22 order that had blocked large-scale federal layoffs called "reductions in force" affecting potentially hundreds of thousands of jobs, while litigation in the case proceeds.
It didn't in 1979 when Labour reached the point of political collapse after the Winter of Discontent. I'd argue Thatcher's election victory wasn't an endorsement of monetarism but a repudiation of Butskellism and a sense, with seemingly unfettered Union power, we couldn't go on as we were.
The 2028/9 election may be in a similar vein - a sense we cannot continue on the same road and we need a radical departure. Reform may provide that radical route though the evidence is they won't.
More likely just dishonest.
Of course The Grand Tour also nearly killed May, but their time was up anyway.
We can hope for a party that credibly promises the policies necessary to break out of our cycle of stagnation, as we did forty years ago or as Argentina is trying to do now, but a hope is all it is at this stage.
In a year or two we emerge from our collective amnesia and shoot anyone who claims to remember the before times.
No-one is interested in simple solutions any more. It worked for Dallas and Bobby Ewing. Apart from the whole show being cancelled entirely a year or two later, but let's also agree to pretend that didn't happen.
Vote ohnotnow! Vote simple!.......
I have no idea what you are talking about and clearly you don't understand any of this so why don't you drop it.
But if you do want to know the reference I was giving was an example of the fact that HMRC don't have to employ oodles of people to check Capital. They do it now and have done so for ages. I know you won't understand this but I was giving an example of them doing so.
So banks and Building Societies send into HMRC your interest details. HMRC already look at that and compare it to what you claim (if you fill in a return) and also extrapolate to see what the approximate Capital will be. They also do this (regardless of whether you have made a return) to check against benefit claims and to also see if there have been any significant changes in capital that might imply lying about your income.
So just another thing you were wrong about. It does not involve an iota of extra work for HMRC to do. They do it now. I assume it is done automatically and anomalies highlighted.
In my specific case (and you really won't understand this) many years ago (20 odd) I needed to move some money from my company (it doesn't matter what the reason was), but it wasn't a loan, dividend or salary, and I was given permission to hold it in a personal account. Normally any of these would have attracted income tax. With the agreement of the Corporation Tax inspector I was allowed to do this provided I signed an agreement, didn't use the money for personal use and any interest was declared for Corporation Tax and not Income Tax purposes, all of which I did
Because the Income Tax side of HMRC gets the information from the bank about me it would appear that I am under declaring my interest because it included Corporate interest. This is proof that they check this stuff because they contacted me about it. Of course I wasn't as some of it was not being taxed under income tax but under corporation tax and a quick call and submission of the agreement and it was all ok.
I am really glad I sought permission before doing it, because it would have involved some explaining, but having permission of the Corporate Tax inspector and the written agreement meant it was resolved in minutes
But it shows that even 20 years ago these checks that you think will cost a fortune were being done.
You have no idea about any of this do you?
P1 : https://www.youtube.com/watch?v=7JEciaIFYFc
P2 : https://www.youtube.com/watch?v=a--Vh_toxTE
Obviously not available via the BBC itself.
So when a notorious mainstream white supremacist stirs up hatred for asylum seekers after a despicable triple murder of children by quoting Andrew Tate's false narrative X account, suggesting an asylum seeker was responsible, so the most susceptible in our society were spurred on to set fire to Holiday Inn Express hotels full of asylum seekers that would be radicalisation.
(And I had entirely forgotten that about Ashdown - so doubly no!)
It's one way, but certainly not the only one. And it would be one of the most painful.
Please can you give us all a break and move on
It is intensely tedious
a) WFA did not exist then
b) Corporation tax is paid by Companies not Individuals and has no impact on WFA whatsoever. Corporation income has no impact on WFA ever. Do you get that NEVER EVER. It is not taxable income for WFA and it can never be so. I do not pay Corporation Tax and never can. It is impossible. Only Companies can. Are there any other ways I can say this.
You know absolutely nothing about any of this. Nothing. You know nothing about Tax whatsoever, yet you sit there behind your keyboard typing utter nonsense.
And in all of that you completely missed the whole point that HMRC check on capital and it does not involve them spending a fortune to do it like you claimed.
I am not responding any more to this drivel.