Off-topic replies = likely block. Ditto inane responses. @FullFact fan. Politically homeless...sort of!
South East, England
Joined January 2022
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Nick JPThrough1 retweeted
A YouGov survey of financiers collectively controlling more than £30trn of assets has found that a “sharp tax rise” on companies or investors would cause a third of them to “consider pausing, reducing or stopping all UK investment over the next 12 months”.
The overwhelming majority — 78% — said the government was not giving them a strong enough reason to commit capital and 58% said the UK had become less attractive for investment decision-makers over the past 5 years.
It's investment that leads to higher growth and higher productivity. It's higher productivity that leads to higher wages. Labour's policies are leading to lower investment and stagnant wages.
It's a recipe for pauperisation of the country.
"No one can plan ahead..."
Over the past ten years various chancellors have changed the rules that govern people's personal finances more than 130 times.
No one can plan ahead because no one knows what the rules are going to be in a month's time. There's an almost complete absence of stability.
Pensions are worst affected because of the large sums involved.
Michael Summersgill, the chief executive of AJ Bell, said: “Few areas have suffered more from political instability than pensions. This is bad for households and bad for the economy — pulling billions of pounds out of pensions prematurely reduces the capital available for long-term investment.”
“Confirming long-term pension tax stability would solve the problem overnight without a penny of new Treasury spending, while clearly signalling that the government stands behind its promises to savers.”
But Labour won't provide that confirmation as it appears to see welfare spending as its highest priority.
The other parties, however, should make those commitments.
Nick JPThrough1 retweeted
Napoleon described Britain as “a nation of shopkeepers” (une nation de boutiquiers).
He was referring to Britain's commercial character: a country of merchants, traders, retailers and entrepreneurs.
But the irony is that our commercial strength was one of the reasons Napoleon couldn't defeat us.
Our businesses, trading networks and financial institutions helped make Britain an economic powerhouse.
Now, more than 200 years later, we're still a nation of entrepreneurs.
Unfortunately, our government seems determined to crush that entrepreneurial spirit.
The impact of Rachel Reeves’ IHT rules is now being felt across the economy.
Less investment, fewer jobs created, businesses sold to overseas private equity.
And the downstream impact will now mean less tax revenue for HMRC not more.
Another insane policy decision.
👏👏👏👏👏
🚨FAFO: They saw a 77-year-old woman alone at an ATM in Bromborough, England and thought she was an easy target.
Winifred Peel was withdrawing her money when three teenagers closed in.
One shoved her out of the way. Another lunged for the cash. They were expecting a helpless victim.
They picked the wrong woman.
Winifred grabbed 19-year-old Felix Stoica by the collar and smashed his head into the ATM not once, but THREE times. He was left bloodied, and that blood plus the CCTV sealed the fate of the whole gang.
Within days, all three were in handcuffs. Felix Stoica, Florin Geblescu and Piper Dumitru admitted to the robbery and were sent to prison.
Later, Winifred said her time in the gym is what gave her the strength to fight back. She admitted the attack rattled her, but she was never going to let them walk away with her money.
They thought her age made her weak.
They learned the hard way that courage doesn't fade with age and you should never underestimate a 77-year-old woman.
Has she ever considered dropping into a tiger enclosure.
'The hounds were barking out of control, & all I could think about was tracking this huge cat.' Hannah Watkins. Poor animal didn't stand a chance against this psycho. 🤬
#BanTrophyHunting RT
Nick JPThrough1 retweeted
150-year-old agricultural supplies business, Norris and Sons is shutting down due to an excessive tax burden. The 10 members of staff will lose their jobs.
“I’ve looked at the tax regime and all this Government seems to be doing is trying to take money off me,” says owner Reginald Chester-Sterne.
“And there comes a point when you just say, ‘Enough’s enough. Why am I bothering?’ I’m busy working seven days a week – 10 to 12 hours a day – but I’m getting nothing out of it.
“I’m just an unpaid tax collector for the Government.”
He says the company’s rateable value, which rose from £23,000 in 2022 to £54,000 this year, was the primary reason for being forced to close Norris and Sons.
Hikes in employers’ National Insurance, the rise in the minimum wage and green levies on energy bills have also been major negative factors. Chester-Sterne pumped in tens of thousands of his own money to pay wages and try and keep the business afloat but eventually his wife told him it was time to stop. They are planning to emigrate to New Zealand.
Nick JPThrough1 retweeted
In 1940, British fighter pilots began noticing something deeply frightening about their aircraft.
Push a Spitfire or Hurricane into a sharp dive, and the engine could suddenly splutter, lose its strength, or stop altogether.
German pilots already understood the advantage. Their fuel-injected Messerschmitt Bf 109s could dive aggressively without suffering the same problem. British Merlin engines relied on carburetors, and when the aircraft experienced negative G forces, fuel rushed through the carburetor in the wrong way, leaving the engine without the mixture it needed.
In a fight for your life, even a few seconds could mean everything.
Then Beatrice Shilling stepped in.
Shilling was an aeronautical engineer at the Royal Aircraft Establishment, but she was far from the quiet, conventional engineer people might have expected. Before the war, she raced motorcycles at Brooklands, one of Britain’s most dangerous racing circuits. She became one of the few women to earn its prestigious Gold Star after completing a lap at more than 100 mph.
She knew machines.
Rather than attempting to rebuild the entire carburetor, Shilling found a remarkably simple answer: a tiny metal restrictor placed in the fuel system to control the sudden rush of fuel during negative-G maneuvers.
From 1941 onward, Shilling and a small team traveled from RAF station to RAF station, fitting the modification directly onto fighter aircraft.
The pilots soon gave the little device a nickname that would follow it into history.
“Miss Shilling’s orifice.”
It was not a perfect solution. Later carburetor technology eventually dealt with the problem more completely.
But that little piece of metal gave RAF pilots something precious when they needed it most: an engine that was far less likely to betray them during combat, without having to wait for an entirely new engine design.
And perhaps the best part of the story is the woman behind it.
Before Beatrice Shilling helped keep British fighters alive in the sky, she had already been spending her weekends pushing motorcycle engines beyond 100 miles per hour on a dangerous racing circuit.
When war placed a dangerous engine problem in front of her, she did what she knew best.
She understood the machine.
Hopefully, that Tiger's captivity has and still does protect it from the sub-human arseholes who garner some kind of perverted enjoyment out of slaughtering them in their natural environment, where they do belong.
Nick JPThrough1 retweeted
I called this before she was even appointed.
It remains a shock to me that she was ever even in the running as a serial work credit card abuser.
Lacked the ability to understand the gravity of the role.
"I always wanted to be Chancellor..." - we all hope you enjoyed your chance at destroying the prospects of the young Rach. As long as you got what you wanted eh?
We were all severely let down by her appointment, especially Labour voters.
Nick JPThrough1 retweeted
Rachel Reeves has been named the worst chancellor in recent history in an AJ Bell poll of 2,000 people.
This is not surprising given that she lied her way into office and continued lying thereafter.
“There is nothing in our plans that requires any further increases in taxes, I have confidence in that. Voters can have confidence,” she told Sky News before the election. “We put out the limited tax increases that a Labour government will introduce and people can be confident that we will not be going further than that … that there are no further increases in tax that we are planning nor that we need to fill any black holes.”
Hilariously she said that "I want to lead the most pro-growth, the most pro- business Treasury that our country has ever seen." That was just before she slammed business with the largest tax hikes seen in decades.
The carrot works. The stick doesn't.
While there is no official measure of the wealth taken abroad by departing taxpayers, available evidence suggests that the scale of the loss is likely around £200-£250 billion in just two years, according to new Tax Reform Council research.
Henley/New World Wealth estimatee a net loss of 27,300 liquid millionaires in 2024 and 2025, with the 2025 cohort alone holding £66 billion of liquid investable assets.
Adjusting for property, private businesses and other non-liquid assets suggests that the total net wealth represented by the two-year HNWI outflow is likely to have been between £200 billion and £250 billion. This is consistent with HMRC data showing 121,300 P85 departure notifications in 2024/25 and 2025/26 and with the very large fortunes of individually identified recent emigrants.
1/4
Nick JPThrough1 retweeted
I'm afraid it is true, you absolute twat.
commonslibrary.parliament.uk…
Garbage. What Cameron got:
1. Economic governance - protection for UK outside the euro.
2. Competitiveness & cutting EU regulation.
3. Sovereignty - the "ever closer union" concession.
4. A new "red card" for national parliaments.
5. National security & justice/home affairs.
a/
Actually what led to Brexit was PM @David_Cameron asked for some minor changes to freedom of movement and the EU told him to fuck off.
That's right, Burnham is set to dismantle the Triple Lock, make it a No Lock & demand all state pensioners hand back all rises they've received since 2010, & those refusing will be rounded up & thrown into jail for 10 years.
Yes of course it's total bollox, just like
👇👇👇👇
BREAKING
Andy Burnham is set to dismantle the pensions Triple Lock now, not after any election.
No. 10 have confirmed there will soon be a vote in the House of Commons where he will try to scrap it.
The Triple Lock was in Labour’s manifesto. Nobody voted for Burnham. He has no mandate to do this.
Why isn’t he cutting foreign aid and the illegal migrant hotels instead?
Every Reform MP will vote to keep the Triple Lock.
The Conservatives have still refused to commit to the Triple Lock.
Only Reform will defend our pensioners from Burnham’s onslaught.
Triple Lock, Double Lock, Two and a Half Lock?!?!
Martin Lewis explains 👇👇👇
Pension triple lock: what's REALLY happening. There’s a huge amount of misunderstanding out there. My must-watch mini-briefing I hope keeps it as simple as possible, so you can see how it’d likely roughly really work. As for is it good or bad… that’s your decision, not mine.
NB Read this after you’ve watched & understood the video…
For belt & braces, it’s worth noting, in some situations, a year of average earnings higher than inflation (or 2.5%) wouldn’t increase the State Pension by more than inflation (or 2.5%).
E.g. If inflation was 4%, and average earnings growth 2% in each of the first two years then in year three inflation was 2.5% and average earnings 5%. The State Pension over the three years would rise 10.5% just due to the inflation link – higher than the 9% total growth in average earnings since the start. So in the third year the pension would just increase by the 2.5% inflation (not the 5% growth of average earnings)
Nick JPThrough1 retweeted
Fears that Labour will hike CGT in the budget are causing art collectors to move their masterpieces out of Britain, leading dealers are warning.
Philip Hoffman, chief executive of the Fine Art Group — responsible for more than $1.4bn of deals in artworks and jewellery — warned of “a rush among collectors to move their art out of London”.
He said: “A huge number of art collectors in the UK have already got their fingers poised to move on October 29 if the wrong conclusion comes out of the budget.” He noted that the market was already “much smaller than it used to be and diminished”.
Johnny van Haeften, an Old Master dealer specialising in 16th and 17th-century Dutch and Flemish art, said: “All the entrepreneurs have left, all the non-doms have left.” He accused Labour policies of “leaving a void” in the art market, deterring both buyers and sellers.
“The awful thing is I can’t think of any really, really good picture that has remained in this country,” he said. “There have been a lot of excellent pictures. I can think of some very good Bruegel paintings we’ve sold in this country, but we’ve sold six Rembrandts, only one of which stayed in this country, and has subsequently been exported.”
Art, like wealthy individuals, is highly mobile.
It's all part of the impoverishment of Britain caused by high-tax policies.
This has annoyed a lot of people who are normally delighted with a differently questioned Rejoin poll.
