hyde

When I started out as an accountant, a small business owner taking £50,000 in dividends paid £0 in tax on it. Today that same person pays £4,331. By April 2026 they'll pay £5,288. Same income. Same income source. Quietly taxed into oblivion. 🧵

After a couple of days of mass non-compliance the government of Bulgaria has now resigned. Tell me again why mass non compliance “would never work”!

😭😭😭😭😭😭

@RichardJMurphy @LiamHalligan thoughts on this?

The economic commentators are in a panic this morning. The government, they are saying, has overspent in August. The figure for what they call borrowing is a record for the month for five years. They obviously think that everything is falling apart. This, of course, is nonsense. The government spent what it had to, and it recorded other expenses – like the cost of some sorts of government borrowing that will not be paid for decades – because it thinks it has no choice. And the government did not raise as much tax as it wanted, because they think no one wants to pay it. At the same time, everybody wants more spent on the NHS, education, social care, new housing, investment in industry, solving the migration backlog, climate change, and so much more, so the government did not actually spend enough. These are the facts. And despite all that, there is, according to the Bank of England, capacity for at least £70 billion more in bond sales (via quantitative tightening) to be made into the financial markets than the government needs to supposedly fund its own expenditure over the next year. In other words, these reputedly wise people think that financial markets want to buy many more government bonds than the government is willing to supply by running a deficit. The problem for all market commentators is that this is very hard for them to admit. It simply does not fit in to their narrative, when the fact is that government borrowing (which is actually nothing more than government deposit taking) is something that people really want, just as much as they supposedly don’t want to pay taxes and do want the government to spend. The clear and unambiguous message from financial markets today is, then, that those markets actually want more – and bigger – deficits, which is the exact opposite of what commentators are saying. In fact, just as recent market data is showing that private savers are pouring money into government-guaranteed cash ISAs, so too is the City desperate to put more money into government bonds, which they, too, know represent the only safe place from them to save in the world when financial markets are going mad, valuations are extreme, and any sense of certainty has long since disappeared. The message of today is not that there is a crisis of government, but rather a crisis of understanding. The real message from today’s data is one that neither the markets, nor the public, nor the government are yet willing to say out loud and yet it is glaringly obvious if you just appraise the facts.. The truth that the markets and people saving in cash based ISAs are saying is that they think that the government is well under control, doing exactly what people want, and markets and individuals throughout the UK are responding in the only rational way possible: they are committing their savings in the only way that the government guarantees is safe right now, saying in the process that the government is the only person they trust. The only problem is that market commentators don’t see the world for what it is, or market signals for what they really are, or human behaviour for what it actually represents. Right now, across the UK, massive votes of financial confidence are being cast in favour of the government and its capacity as the banker everybody wants to use to ensure that they have a safe place to deposit their money. And that is why we have high government debt. It is because people want there to be high government debt. That is the only message we a take from what is happening, and the only one we need to hear. Everything else is ridiculous noise. It’s time the world noticed.

Isak is the Wilson replacement #lfc #NUFC

Ed Milband is an ideological zombie and a pathological liar. He thinks nothing of lying to 60 million people in order to get his policy agenda over the line, at their immense expense. Ideology before people. That's Ed's principle.

The final thing on Isak - @worflags it needs to be something special on that Liverpool game if he does go. I don’t want anything woke about being united and all that bollocks. Get his head on a rat with Joelinton killing it. #NUFC

So, to summarise, the UK has: - A Technology Minister who doesn't grasp the basics of the internet - An Energy Security Minister who is a zealot for the least reliable forms of energy - A Home Secretary who isn't interested in a vast rape conspiracy that's been running for decades - A Chancellor who doesn't understand the economy - A Safeguarding Minister who isn't interest concerned about Rape Gangs - A Foreign Secretary who doesn't understand other countries - An Attorney General who is not interested in representing British interests - A Prime Minister who can't make decisions Did I miss anything?

this sport is getting so tiring, you got teams like crystal palace who have had a great season, historic season for them. and they get punished for absolutely nothing. then you have teams like man city who cheat year after year after year, no punishment. what’s the point?

Friendly reminder to @RachelReevesMP (and colleagues) that if income tax, national insurance, value added tax, fuel duties, alcohol duties, tobacco duties, vehicle excise duties, environmental levies, insurance premium tax, ETS auction receipts, customs duties, air passenger duty, betting and gaming duties, the climate change levy, landfill tax, the aggregates levy, soft drinks industry levy, capital taxes, capital gains tax, stamp duties, inheritance tax, company taxes, corporation tax, the energy profits levy, apprenticeship levy, electricity generator levy, bank levy, bank surcharge, digital services tax, diverted profits tax, petroleum revenue tax, council tax, business rates, dividend tax, student loans tax, sugar tax, & supermarket carrier bags tax isn't enough to balance the budget.... Then maybe the spending is the issue?

His missus let him sign cos all the birds in burnley have teeth like papa shangos necklace

@LiamHalligan Alternatively she could be laying the groundwork for(energy infrastructure) solar farms to be implemented on land that is currently protected. I hope I’m wrong

“There is no trade-off between economic growth and net zero.” So said Rachel Reeves back in January. Has the Chancellor since changed her tune? Reeves now says that the UK’s “absolutely insane” environmental regulations have become a serious barrier to “essential infrastructure investments”, having gone “too far in one direction”. Now Reeves is finally realising that not only are “net zero” policies unpopular, but that unless Labour performs a major policy U-turn soon, bringing down energy costs and significantly easing “net zero” regulations, the economic growth that her party – and the country – so desperately needs will be lost to the wind. My latest @Telegraph column 🧵1/6 telegraph.co.uk/business/2025/…

A win that generations of Geordies have been waiting for. To celebrate, we are giving you the chance to win a signed @nufc shirt. ✍️ All you have to do is like, share and follow us to be in with a chance of winning 🤞 Winner will be announced this Friday (21st).

If we don’t have a full Michael Oliver tifo in the gallowgate before the second leg of the semi final against Arsenal then that flag group aren’t doing it right..

Six months later...

@Mrcryptoxwhale Done

@PolitlcsUK @RossLydall That’s a 10% pay rise when you reduce the hours worked. Unions have got them on strings

🚨 NEW: Tube drivers have been offered the following deal by TFL to get them to call off strikes: - Four-day week - 4.5% pay rise - ⁠Paid meal breaks - ⁠2.5 hours a week less work - ⁠35-hour working week - ⁠Extra week's paid paternity leave [@RossLydall]

@RequestABet Politics- Kier Starmer to be replaced as PM by February 2025 #RequestABet

@DFrankcom @ElliotReilly @MufcJosh_ @CamWills77 @DirmesCUFC @trevorsavory @chaaaatty @gillymcfc @Faugheen1916 @REDJOHNNY72 @JPAT218 @CallumDavies191 @cotsyboy @drizzyutd @jordancorke99 @MJPL93 @R_Gibson08 @arrancunningham @paulmccaughey16 @jbizzlah @_jm87_ @brucebegley Hyde11

Team name please @ElliotReilly @MufcJosh_ @CamWills77 @DirmesCUFC @trevorsavory @chaaaatty @gillymcfc @Faugheen1916 @REDJOHNNY72 @JPAT218 @CallumDavies191 @cotsyboy @drizzyutd @jordancorke99 @MJPL93 @R_Gibson08 @arrancunningham @paulmccaughey16 @jbizzlah @_jm87_ @brucebegley @bladesman12345 @P_H_Services81 @CraigFoster13 @Tomnufc123 @Luketucker1985 @lindzdatsme @JordanMcGregor7 @JonnyFisk22 @Bozzy18 @giservvv @joshcant91 @archie29clark @vicky_bailey @GalliganJohnny @ellisjuncar1997 @hyde870 @MikkyMo73 @mattcon24

Update: #gid=0" target="_blank" rel="nofollow noopener">docs.google.com/spreadsheets/d… @paulwatson78 @MattBethell8 @daly_luke23464 @rudall23 @kitcho11 @morganbarrett19 you've commented saying that you've paid but I can't seem to cross reference you with the payments list. Can you check please and let me know if you align with any of the rows @CapaldiNicholls are you 347? @mickomck85 are you 148?