Lancashire Capital

@AFCBdave @iAmJoshHunt 1/ I’m not confusing anything 2/ if you could read you’d know it spelled BuffetT 3/ youtu.be/xQwJP5Tw_v8?is…

@LancashireCapi1 @iAmJoshHunt Yep, I can and have read the case law on this subject, and it is very clear. There is no time bar, never has been. You are confusing IHT with care costs, but I appreciate this isn’t your specialist area. A bit like your quoting Warren Buffet as he’s never said that 😂

A lot of people are banking on inheriting their parents’ house as their retirement plan. But their parents are going to need that house to fund their own care. Social care costs can run £50-100k a year. A five year stay in a care home can wipe out the entire value of a property. The wealth transfer that an entire generation is counting on may never arrive

@AFCBdave @iAmJoshHunt Are you able to read? It happened 20 years ago. And now I recall my Great Aunt (who had no children) also did this in favour of my dad successfully. So it happened twice.Warren (Buffett) warns against taking financial advice from financial planners, and it’s easy to see why……

@LancashireCapi1 @iAmJoshHunt Doesn’t work and has never worked. There is not, and never has been, a 7 year rule relating to care costs and if the primary reason for giving away the home was to avoid paying care fees, it will 100% fail.

@JanetPage23 @jayldn100 @iAmJoshHunt Best to do a bit of research first. For example, it will take you about 2-3 seconds on Gemini to discover- since you did not know the basics already - it is extremely common practice for the same care home to have local authority funded and private paying patients.

@jayldn100 @LancashireCapi1 @iAmJoshHunt I agree, if and when my mum needs it we will choose a good one.

@IJustKnowItAll @iAmJoshHunt Anyone who complains about UK council tax I just point out they are their own jailer. In Ireland on a decent property outside Dublin, you’ll pay about €100. That’s a year, not a month.

@LancashireCapi1 @iAmJoshHunt And then people complain about raising costs of the council tax. Selfish people

@MarkDampier @iAmJoshHunt In general if you can’t out think a local authority you are in bad way.

@MarkDampier @iAmJoshHunt The law looks at imminence of care home to my understanding. A solicitor set up for my grandma to my dad about a decade before she went into a care home. There were no fees to be paid.

@CasinoCapital @TheFCA Big volumes on Fri afternoon too no?

I've never traded #gdwn Goodwin, barely know what it does, but: - £700mm wiped off market cap (-40%) because they missed 2 tenders worth £60mm, lol - Trading update put out at 9:15am, how annoyed would you be if you bought the stock first thing?? @TheFCA you cool with this?

@mhewson_MCH @julianHjessop It’s from the February meeting…..

@julianHjessop I can't find that line in the statement?

@MrMBrown Raising? Central bank like a regulator will always fight the last war.

This feels like a BoE that's on the verge of making a horrific policy mistake

@PolemicTMM Saudi Arabia of wind?

Reeves just announced a £2.5 billion to make Britain "world leading" in AI and quantum computing. Let's look at the track record of UK investments declared by politicians as “world-leading” ambitions: a timeline reality check. HS2 (2010–2023) Transport Secretary Patrick McLoughlin (2013): “If we want Britain to have a world class railway” delivering “transformational capacity” (Cameron/May era) → scope cut to Birmingham after £100bn+ spiral Britishvolt/gigafactories (2020–2023) BEIS/govt investment announcement (2021): UK ambitions “to be a world leader in the battery industry” / “forefront of battery technology” → £100m backing, collapsed pre-production Levelling Up (2019–) – Boris Johnson (2021): “world-leading programme to level up every part of the UK” → delivery thin, flagship failures Wylfa Newydd nuclear (2010s–2019) – Philip Hammond/BEIS era: “new nuclear to keep the UK a world leader in clean energy” → £15bn plan cancelled after £2bn sunk Hydrogen economy (2021–) – UK Hydrogen Strategy (2021): “Our vision is that by 2030, the UK is a global leader on hydrogen, with 5GW…” → projects slow, no scale yet CCS clusters (2012–) – Multiple gov statements (2015 roadmap + 2021 relaunch): “The UK is a world leader in CCS” / “UK to lead the global challenge to clean up carbon” → repeated resets, still pre-commercial AI “world leader” (2017–) – Theresa May (Davos 2018 / 2017 manifesto): “we are establishing the UK as a world leader in Artificial Intelligence” / “UK will be a global leader in artificial intelligence” → strong research, weak domestic scaling + recent exascale compute pledges axed Semiconductors (2023–) – National Semiconductor Strategy announcement (May 2023): “Britain is already a world leader when it comes to researching and designing semiconductor technology – our new strategy will… [secure] our position as a global leader” → no fabrication base Northern Powerhouse Rail (2014–) – George Osborne (era statements): “world-class transport network” / “world-class transport system for the North” (Johnson reset) → vision diluted into upgrades UK Ultraspeed/maglev (2007–2013) – DfT-era advocacy: “could make Britain a world leader in high-speed transport” → never built Graphene (2011–) – George Osborne (2012 Autumn Statement / National Graphene Institute funding): ambitions to make the UK “a world leader in graphene” / commercialisation hub post-Nobel → research strong, but China dominates manufacturing/patents; UK lags on industrial scale Shale gas/fracking (2012–2019) – David Cameron (2012): “Britain must be at the heart of a shale gas revolution” (Osborne tax breaks & “forefront of a new European energy industry”) → test wells only, moratoriums, effective ban, zero production impact Swansea Bay Tidal Lagoon (2013–2018) – Carwyn Jones (Welsh FM, Cameron-era backing): “position Britain as a world leader in a new global industry” (tidal power/lagoons) → £1.3bn rejected on value-for-money; no lagoons built Commercial space launch/spaceports (2018–) – UK Space Agency / LaunchUK statements (Space Industry Act era): “positioning the UK as a world leader in space” / sovereign orbital launch capability → 2023 Cornwall launch failed, Virgin Orbit collapsed, sites delayed; still zero regular domestic launches Science superpower (2021–) – Boris Johnson (2019–2021 speeches): ambition to make the UK a “science superpower” / “restoring Britain’s place as a scientific superpower” with big R&D pledges → repeated funding clawbacks + Horizon delays Connected & Autonomous Vehicles (2015–) – Greg Clark / DfT (2017): “establishing the UK as global leader in connected and autonomous vehicles” / “world leader in driverless cars” (Hammond repeated) → regulatory progress, but scaled deployment trails US/China A politician declaring an investment to make Britain "world leading" is historically it's kiss of death.

@NewInChess @GMJacobAagaard Will there be an extract added to the website?

new: Unlock Your Chess Creativity The English chess explosion of the 1970s lit the fuse for a golden era in the 1980s, when a wave of brilliant British players rose to the very top. Their extraordinary creativity created practical problems for even the strongest opponents and gave rise to some of the most memorable games of the modern era. @richardpalliser shows how you can harness some of this creativity and introduce it into your own play. newinchess.com/unlock-your-ch…

@andrew_lilico You could have said this at numerous points in May’s premiership……..but she kept going….

Reckon we can put Frank on the gramophone now.

@GMJacobAagaard @Running18834415 @chessable @ForwardChess You (as in New in Chess) seem to have stopped publishing since last summer on Kindle though. The recent Shernaz Kennedy book is all text (plus a few photos) and is a book I would have preferred to get there vs physical/forward chess…..though got the hardback in the end.

@Running18834415 @chessable @ForwardChess We try to make our material available in all the formats possible, so readers can enjoy it as they prefer.

Our course is on sale. 1002 endgame studies. Carefully selected, re-analysed and cut so as to be ideal to solving. chessable.com/endgame-labyri… There is one reader review, which is quite hilarious. 4/5 stars with the argument that we are not didactically explaining the exercises. No, we are not! They are studies and they are useful for training in imagination and calculation. The explanation of each move is: "Because it works!" and nothing else does. For the same reason, I turned down the offer to do a video for the course. There is no general understanding to convey, except that seeing a lot of tactical ideas and working on the skills of imagination and calculation will improve your play. Me saying this 1002 times would have gotten me killed...

@JoeBLynam @annmarie @DeutscheBank You could have a lost a HUGE amount of money listening to Saravelos over the years….he’s been intermittently predicting £ parity with the $ since 2016.

@annmarie George Saravelos needs to seek new employment at a bank which respects thorough research - clearly not @DeutscheBank

“This notion that Europeans would be selling US assets came from a single analyst at Deutsche Bank,” Bessent said. “The CEO of Deutsche Bank called to say that Deutsche Bank does not stand by that analyst report.” George Saravelos, Deutsche Bank’s global head of FX research, said in a note on Sunday that Trump’s trade threats toward European govs over Greenland raise the possibility the latter may trim their holdings of US assets.

@afneil Polls show Greenlanders wish to secede from Denmark no? And therefore the NATO guarantee….

I have written about Greenland in Monday’s Daily Mail. Let’s be clear about two things: There is no current or imminent threat from Russia or China to Greenland. The only security threat to Greenland right now is the United States or, more specifically, D. Trump. Nor, should Russian/Chinese threats ever materialise, would Greenland be defenceless, as some imply. It’s a part of Denmark, a founding member of NATO, and so covered by NATO security guarantees, including Article 5. Any threat to Greenland would meet with a NATO-wide response.

@MichaelAArouet The UK has a 69.5% marginal income tax rate…….

Denmark has the highest marginal income tax rate in Europe, at 55.9%. Isn’t it funny when the clueless left in the US naively talk about “free” healthcare in Denmark? Nothing is free.

@NewInChess @GMJacobAagaard @FabianoCaruana @anishgiri “ it's difficult to get a man to understand something when his salary depends on his not understanding it” - Upton Sinclair

Looks like @FabianoCaruana agrees with @anishgiri on this. Read the in-depth interview where the Grand Chess Tour winner reflects on 2025. newinchess.com/new-in-chess-2…

@EmilSutovsky Niemann was the only person in the rapid finishing in the second group, with the extra black. Yet loses out on the tiebreak. Normally it would be just the medal, so perhaps no big deal…….but this time around it included a place in the tour. How on earth is that logical?!?

We will talk to players and review it all carefully, but I want to hear your opinion as well. How did you like the format for World Blitz?

@JoeLitobarski @MichaelAArouet Ill researched argument - adjust for demographics and you get the exact opposite of what you are saying. Eg people of Swedish origin live longer in the US than Sweden.

@MichaelAArouet Weak regulations, high debt and right inequality mindset have led to lower life expectancy in the US than the EU, as well as more expensive healthcare with poorer coverage. Plus there is a more polarised and radicalised political culture in the US.