@julianHjessop Does anyone really think, at this point, that any other country in the world is looking at the UK as an example of what to do?
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Mathew
755 posts
Mathew
@mdragoferrante
Coffee. Business. Another brick in the wall.
London Katılım Nisan 2011
363 Takip Edilen180 Takipçiler
Another lame argument against tapping UK oil and gas is that "it would send entirely the wrong message to the rest of the world"... 🤷♂️
1⃣ many saner countries are already doing something similar
2⃣ current policies will just impoverish us further - hardly the "right" message!
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This is a fair point, but what is a teacher capped at? If you discount becoming a headteacher or head of department etc a teacher is probably capped at not much more than £35-£40k. Take into account your uni debt etc the maths doesn’t look great. Teacher is still probably better but not by anywhere near enough imo.
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@mdragoferrante @ZynxBTC Problem is, a barista shouldn't really be a lifetime career choice. You are pretty much capped at 30k. You might start a coffee shop and end up paying baristas 30k. Coffee, is largely coffee, which is coffee.
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The UK is slowly becoming like Communist Cuba.
Wage compression is a serious issue in the UK.
For many decades, Cuba operated under a strictly egalitarian wage system where most government employees earned roughly the same amount regardless of their profession or performance.
Full time minimum wage for a 40-hour week is now £26,400 a year.
For comparison, a band 5 hospital nurse earns £32,073 and a newly qualified teacher earns £32,916.
The effects of this wage compression is further exacerbated by punitive taxes imposed by the state, where anything earned after £50,270 is taxed at almost 50% when you take into account NI and Student Loan.
You have a bizarre scenario where someone earning minimum wage in Carlisle or Aberdeen has similar levels of disposable income to someone earning a top 20% salary in London.
We are starting to see the cracks of this broken system with NHS Doctors striking over pay. In real-terms their pay and standard of living has been decimated.
I do wonder whether many are starting to question whether it's still worth becoming a professional in the UK, given how warped the incentive structures have become.
I'll end this by leaving you with a rather telling image.
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@Koolkat6000 @ZynxBTC Your right about working conditions. Real example; my sons primary school teacher quit to repair bicycles 🤷♂️
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@mdragoferrante @ZynxBTC Well that just tells me, the working conditions for teachers and doctors are atrocious and student debt shouldnt exist. No one decides out of school they're going to be a barista instead of a doctor.
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@Micro2Macr0 UK heading in same direction- value of life is being eroded at a progressively faster pace. For some reason the death penalty hasn’t been brought back though, strange that.
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If you break a bone, they'll ask you if you want to kill yourself. #Canada
Tablesalt 🇨🇦🇺🇸@Tablesalt13
🚨NEW - CANADIAN SENIOR OFFERED DEATH FOR MINOR BONE BREAK 84-year-old Miriam Lancaster was admitted to a Vancouver hospital with a broken sacrum (small back bone) Her doctor told her: "We can offer you MAID.’ she refused and recovered in a month, later climbed a volcano.
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@dshensmith @PrfChrisPainter He is the Prime Minister, he’s playing at elite level, he shouldn’t get the privilege to make that kind of mistake.
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@PrfChrisPainter Anyone else and he'd be screaming for them to resign.
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Keir Starmer shows the honesty to admit in public when he's seriously messed up. A politician acknowledging fallibility is a rare breath of fresh air.
Beth Rigby@BethRigby
WATCH: Starmer on ‘beating himself up’ over Mandelson is worth watching because I really think it’s a very rare & believable moment where Starmer reveals how he’s really feeling; showing some vulnerability and anger with himself over the decision he took
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@moninvestor Why do miners like IREN not use the bitcoin for a treasury? Like Strategy?
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Bitcoin is not something you can consistently time. That’s why I’m glad $IREN sells most of the Bitcoin they mine right away.
Even people who live and breathe this market, like Tom Lee, have been all over the place. At one point he was calling for $150K to $200K by the end of 2025, even suggesting upside to $250K.
Later, he walked that down to just “above $100K”. Then he came back again with long-term targets of $200K to $250K by 2026, and even floated $300K in more bullish scenarios.
At one point, he even expected a new all-time high within weeks in early 2026. We all know how that turned out. 😬
None of that played out.
BTC is down 20% YTD.
One thing is for sure, the price of Bitcoin is incredibly hard to predict.
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@nejatian @RonDeSantis @Opendoor How come the lower number of buyers doesn’t equate to lower sales volume from your book though?
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@RonDeSantis It is almost like the market requires a market maker to help it clear. Maybe a Florida HQed company called @Opendoor.
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“Something’s gotta give…”
Barchart@Barchart
BREAKING 🚨: U.S. Housing Market Home Sellers now outnumber Buyers by 630,000, the largest gap ever recorded 🤯👀
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@NJ_Timothy Because he's an egomaniac wanker narcissist who himself was a Tory at the last election.
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This is a pity.
The Reform MPs all backed me up on Trafalgar Square.
So I don’t know why Zia is like this.
I thought he was more into “substance”.
Zia Yusuf@ZiaYusufUK
No, Nick Timothy is not “brave”. He was literally Theresa May’s Chief of Staff, the driving force behind Mayism and its “burning injustices” agenda. He is an architect of what you saw in Trafalgar Square. He launched the Race Disparity Audit – a massive government trawl of ethnicity data across schools, NHS, prisons, jobs and housing to unearth any disparity of outcome and claim it was evidence of institutional discrimination. He personally oversaw the 2017 Tory Manifesto, the wokest of all: Forcing civil service diversity targets, an obsession with tackling “hate crime” including transgender identity. It was this rampant wokery that laid the foundations for Labour’s Islamophobia definition. All while talking about building a “Great Meritocracy”, obsessed with group disparities. He promised to cut net immigration to the tens of thousands. Instead he supercharged immigration and net immigration has been over *3 million* since. Now he wants to be celebrated for pointing to the fires he started. Make no mistake, what you saw in Trafalgar Square would not have been possible were it not for Nick Timothy. He is a classic Tory. Tweets in the direction of where the wind blows. Set the country ablaze when in power, then lie when kicked out. He is an arsonist firefighter and belongs in the dustbin of history, along with the rest of the Tory Party.
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@jrouldz @ScooterCasterNY The power of compounding strikes again 😆
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@ScooterCasterNY I was at LGA a few days ago and the pre check line was about 3 mins 🤔
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ALERT: TSA Pre Check line at Terminal B in LGA wraps arround each room and is stretched to the parking garage at NYC Airport this morning
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@DavidMKeyes @BillAckman Most people won’t understand your joke. I feel you need footnotes. 😂
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🚨 Game changer!! The top Basij commander, General Fuqit Immout, has fled Iran. Expect the regime to fall this week.
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@ericjackson Ah man why you did you have to do Flash like that, loved that scene 😂
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Bugs are ok.
Bugs in speaking. Bugs in coding.
Bugs are what make us authentic.
We're more forgiving with people who make mistakes but are fast-moving, quick-correcting and authentic.
I'll take that any day over people who just don't care and move like the sloth in Zootopia.
GIF
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🚨 HOLY CRAP. Nick Shirley DECIMATES Gavin Newsom 🔥
“The governor of California is an ENEMY to the people of California. He’s literally working to support the fraudsters!”
“He COULD be working to expose the fraud.”
“How STUPID do you have to be to say ‘let’s go after the guy exposing the fraud, let’s not go after the fraudsters?’”
“That is what he’s doing. Why don’t you say ‘Hey Nick, great video - how can we help?’”
“These tax dollars don’t say right or left on them, Republican or Democrat. Each tax dollar is a dollar for the American people.”
“And when they go and steal these dollars from us, they are not robbing liberals or Democrats, they are robbing everyone.”
“Then the governor gets mad at the person exposing the fraud? How crazy do you have to be to think that logic?!” @nickshirleyy
Mic drop.
H/t @TVNewsNow
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In our chat @bhalligan asked me to talk about my principles. We talked about the top two, but I thought I should share with you the top 5. Here they are:
nejatian.com/principles
I only write down principles where I think I am meaningfully different than other folks. I write these down to remind myself of the key lessons I need to apply. I find it helpful to always keep these in my personal context window.
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@paulmasonnews Because price caps really helped us with electric and gas bills 💸
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National price cap on petrol now! Why not?
Claire Ward@ClaireWard4EM
This is @Tesco Ollerton. At the beginning of the week diesel was 150p, hiked up from the previous week. At lunchtime today it was 154p. This afternoon 156.9p. Its just one of many. So all power to @RachelReevesMP to stop this blatant profiteering.
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@julianHjessop £3k to hire what is essentially a problem they created.
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FYI, Pat McFadden is the bookies' favourite to be the next Chancellor... 🙄
The Telegraph@Telegraph
🔴 The Telegraph understands that Pat McFadden will announce on Monday that employers will receive a £3,000 taxpayer subsidy for hiring under-25s who have been on Universal Credit for more than six months Find out more ⬇️ telegraph.co.uk/business/2026/…
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@julianHjessop Apparently it’s true, some Decades do happen in weeks 😆
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"A day of two halves"
Brent opens at $92
Hits $119 by lunchtime
Now back (just) below $100
BoE rate hikes priced in, then priced out again.
Equities recoup most of their losses.
And it's only Monday... 🥺
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@Micro2Macr0 Madness- the guys tweets afterwards are out of this world 🤯
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Ed Miliband.
I wonder if, in those quiet moments he has to himself, he ponders the thought that it was *his strategy* that the UK adopted 20 years ago.
And that now, as the delusions which underpinned his strategy become impossible to maintain, he's back in charge of this generational disaster.
I doubt he does. But I hope so.
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