Wage compression, an example. A teacher in 2008 started on £20,627. This was ~85% higher than minimum wage. Today, they start on £32,916. Which is only 33% higher than minimum wage. This doesn't… (View Post)

Good thread. History is full of foreigners who thought they could profit by cozying up to Russia. It always ends the same way: they lose everything. https://x.com/KuldkeppMart/status/1995072734657941… (View Post)

Terminology. It's (confusing and poor) shorthand for the forecast outcomes for current fiscal policies having improved by 4bn, rather than worsened by £17bn (or whatever the precise number was).… (View Post)

This is the sort of thing the UK is going to have to think about. It's not just protection of air bases, Faslane etc, but power plants, switching stations, CNI. Bear in mind that most of the 600… (View Post)

That depends what you mean by big existing company. This one is two decades old, and still funding scores of new business plans every year. https://en.wikipedia.org/wiki/Y_Combinator There are plenty… (View Post)