Thank you @ChristianJMay
Erudite, short article highlighting the leading-edge technologies which support the supermarkets, and how Labour's lazy tax regime are just another challenge facing the industry cityam.com/reeves-must-li…
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ThomThomPI
3K posts
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The price cap is only £79 below the level at the General Election and the only reason it's fallen at all is because you moved part of the Renewables Obligation cost to taxation
This will cost taxpayers about £7-8 billion per year
You're not lowering costs you're just changing who pays for them
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@ThomThomPI1 @SatoshiPay No fundraising for the remainder of 2026 - this is a bargain
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Buckle up
It's going to be a bumpy ride with #blu
Latest update from @SatoshiPay suggests the future is now a lot clearer and looking very positive
Who believes that??
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'Monumental stupidity from Rachel Reeves': Ryanair CEO on air passenger duty news.sky.com/video/monument…
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The Bank of England has lost control of UK interest-rates notayesmanseconomics.wordpress.com/2026/03/30/the… via @notayesmansecon
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‘Cherry Blossoms Childcare Limited’ was paid £52k by Barnet Council over 23 transactions.
The only nursery with the same name on Ofsted is ‘Closed’; it is responsible for ‘Cherry Blossoms Montessori Nursery’, which is also shown as ‘Closed’. 🧵2/5
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Gilt rout deepens as traders bet on four BoE rate rises this year ft.trib.al/YufxR6J
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@exRAF_Al Throw in the inflated debt to GDP, this government's inability to cut spending and its instinct for stifling economic activity, and an actual, proper crisis is knocking on the door
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@CamillaTominey Hopefully the HoL can highlight the pernicious and arrogant way @TorstenBell is seeking to manipulate peoples' investments for his own Fabian ideology
Let's hope the HoL reject this and show him he can't ride roughshod over people who have carefully invested for their retirement
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It's going to be interesting to see how gilts react once the prospect of a bigger spending government properly looms into view.
Fraser Nelson@FraserNelson
Significant story. Suggests a Rayner premiership would use OBR criticism to do more borrow and spend - on grounds that it would pay for itself. Problem is that no other forecaster sees it her way. Nor would the markets
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UK 2 year yield + 23bps
UK 5 year yield +22bps
UK 10 year yield +13bps
About that fiscal headroom 🤔
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The whole @bankofengland summary is worth reading in full. Market is interpreting this is "hawkish". In other words pointing towards further hikes.
They're now pricing in two rate rises this year.
An extraordinary turnaround.
Not long ago they were pricing in two rate CUTS
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Chart of the Day 🫤
Youth unemployment in the UK (with the major shocks marked... 😉)
Original data: ons.gov.uk/employmentandl…
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In the middle of an energy crisis UK Wind Power has fallen to less than 10% of claimed capacity.
Shaun Richards@notayesmansecon
UK Wind Power has more than halved to 2.8GW this morning. With 3.5GW of Solar we are burning 12.5GW of Gas as well as importing 6.8GW. Hydro is 0.8GW. Nuclear is 4GW and the awful Biomass 2.7GW The price of wholesale electricity over the past 24 hours was £111 per MWh.
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Latest in 'drill baby drill' news:
University of Oxford says a UK powered entirely by clean energy…could save households up to £441 a year
In contrast, maximising oil and gas extraction from North Sea would offer savings of just £16 to £82
independent.co.uk/news/uk/home-n…
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