@Rowsellmk Hello Matthew, I'm sorry to hear this. Please listen out for any announcements at the station for information regarding the next service departing for Reading. - Noah
@papa_cambridge why are all my folders for past papers empty. You said 7-9 days it’s now been well over two weeks and my order says on hold but you’ve taken my money? Pls fix I need the papers asap
@GWRHelp the 7am to redhill from Reading is cancelled “due to more trains than normal needing the tracks” isn’t there a timetable that’s the same every weekday???
@Rowsellmk Hi Matthew. We're sorry to hear this. Please send us a DM with your British Airways Club account number and booking reference so that we can take a look at this for you. We will need to ask you some security questions to clear data protection with you first. Imogen twitter.com/messages/compo…
While the administration is clearly more focused on interest rates than anything else near term given the $10 trillion of debt that needs to be refinanced this year, intentionally causing a recession is dangerous as the deficit would blow out due to automatic stabilizers (plus lower tax receipts) and inflation *might* go up at the same time because of tariffs. The potential combination of these two factors means there would be a limited policy response.
This was the #1 topic in my discussions with peers this weekend. The fear is that if tariffs on April 2 are too harsh overnight vs. phased in slowly then they won’t be able to put the genie back into the bottle even if the market forces them to backtrack and we will have a potentially inflationary recession. Right or wrong, that was what most of my peers were worried about especially given that both the President and VP seem to be true believers in tariffs (and having read the VPs book, I am sympathetic to their views on the detrimental impact of globalization on blue collar workers even if the topic is super nuanced).
I understand all of these worries, but am also cognizant that an entirely self-inflicted, inflationary recession would mean a Blue wave during the mid-terms and an inability to accomplish any of their goals. 2024 election showed that voters hate inflation more than anything else, including illegal immigration.
So hard for me to believe the administration *want* a recession especially one that might be inflationary even if they are true believers in tariffs long-term. If tariffs are blamed for a recession, unlikely the tariffs will stand the test of time.
Reality is I think the American economy can afford higher tariffs. They can accomplish their policy goal - but the tariffs need to be phased in gradually to give industry time to reshore, accompanied by deregulation and clearly communicated so that businesses have policy certainty. Even CEOs who would benefit from tariffs are currently hesitant to invest in America right now given the level of policy uncertainty. Whatever CEOs are saying to the administration, this is what they are saying in private.
The news that China, South Korea and Japan will jointly respond to any American tariffs also undermines the administrations theory of the case, which is basically that the United States is the worlds largest economy and therefore has the leverage along with being “more flexible” per @SteveMiran Bloomberg interview; should note that Steve is quite smart. China, South Korea, Japan and the EU are collectively 1.5x the size of the United States economy and taken together are more “flexible” than the United States alone. Also wild to see China, South Korea and Japan agree on anything - might literally be the first time in over 1000 years.
And tariffs on semiconductors specifically would cut against the goal of America leading in AI. Easy to put the datacenters elsewhere.
So April 2 is an opportunity to either 1) reset, slowly phase in less extreme tariffs and stabilize policy such that reshoring will happen and tariffs will last (their policy goals) while letting DOGE do much of the near term deficit reduction or 2) destroy CEO confidence in such a damaging way that the economic recovery will be difficult, let alone the political impact of a potentially inflationary recession (no bueno for their policy goals).
Bessent and many others in the administration are super smart and for sure understand all of this. The American auto OEMs - who theoretically should be beneficiaries - imploding on the 25% overnight auto tariffs is a pretty strong signal. If the 25% auto tariffs had been phased in over the next two years (up 6.25% every 6 months), I think the American auto companies would’ve responded more positively.
Basically, lots of market participants are betting the administration will cut off its nose to spite its face and others are betting that they already have and there is no way back.
We shall see shortly.
@Rowsellmk Sorry for the confusion, Matthew. The Tier Year ending on 31 March 2025 will be based on Tier Points earned between 01 April 2024 and 31 March 2025. If you have earned 1,500 Tier Points between these dates, you'll be Gold until 31 March 2026. Chris
@British_Airways my old tier year end was mid March the app now says I need to collect 1500 points in 20 days to keep gold. Surely this is wrong- don’t I get carry forward from April 2024?
@HeadForPoints@British_Airways It appears BA disassociated all my bookings from my exec club card, then as I had no status it revoked my seat allocations. My renewal date is 8 March so I’m now in the stupid transition period to 30/3. I wonder if this is BA IT not being ready for the changes?
@Rowsellmk@British_Airways IT quirk, nothing more. Nothing changed to Gold benefits. 7C no worse then 3D though as long as you get the chance to reserve your choice of meal, which a good crew will do for a Gold.
@HeadForPoints I’m a gold card holder for @British_Airways but apparently I no longer qualify for free seats and it has cancelled all my seat allocations. So my carefully selected 3D seat for flight tomorrow to Milan is now 7c and the one back costs £24 to reserve.
@Rowsellmk Hi Matthew. Send us your booking reference via DM along with as much information as possible so we can take a closer look. We'll also need you to confirm your full name and contact details. We may need to ask you a few more questions for data protection. Leanne twitter.com/messages/compo…
@HeadForPoints Ofcourse he hasn’t seen a change the old scheme applies through to next renewal. The change happens after that. Pretty much everyone I’ve spoken to in Club Europe is looking at options to switch to either a star alliance or flying blue partner
If you're interested in UK investment trusts and financial markets for retail investors, hope you can join us for free webinar at 1pm TODAY @ShareSocUKsharesoc.org/events/discuss…
@Rowsellmk Unfortunately, if you are taxing, Matthew, the cabin crew cannot give out water at this stage. I do hope you will soon be airborne. Please try to get in the habit of buying water at the airport so you can remain hydrated at these unexpected times. Thanks, Angela.
@British_Airways I’m on ba818 you boarded plane it’s running late and there is no air con. No water being handed out. It’s like being in a sauna in here!