The difference is that you didn't start smashing up the watch as soon as you'd bought it. (View Post)

I'm very sceptical of the quoted £75 bn. The LDI issue was a serious one, but it was one of liquidity, not long-term asset value. Short-term variations in gilt rates can make pension-fund assets sudd… (View Post)

Yes, exactly (except fuller union of the core won't be anything like at 'full steam ahead', more like a snail's pace with long periods of stasis, if it ever happens at all). We'd have had the best of… (View Post)

I know of a company which has been told that it won't be able to get a connection from its solar panel scheme into the grid for five years. Seems completely bonkers. On the other end of the chain, I … (View Post)

Yes, good, isn't it? (View Post)