@DPJHodges @fxprop Because they would say no if they weren’t going to?
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omaha hammer
70 posts
@fxprop Right. So how can you go from them not answering to interpreting that as a specific policy stance.
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"Mr Burnham, I'm from Bloomberg. You've been the Labour candidate in the Makerfield by-election for 4 hours. Please set out your first budget if you become Prime Minister".
"Er...no. Don't be daft".
"Thank you Mr Burnham. Exclusive: "Burnham opens door to new tax rises!!!!!".
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@RossMcCaff The absolute profit argument just ignores scale. Scale is where much of the efficiency gain comes from. It is economic illiteracy. They won’t change their minds as they are human and admitting you are wrong is too painful.
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@RossMcCaff Stop expanding to keep absolute profits low and not upset leftists or keep growing and allow more people to benefit from this amazing system improving living standards for all. Thankfully they choose the latter, maintain low margins, and everyone wins (customers mostly) (3/3)
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Such a scam that right wingers have suddenly switched to 'profit margins' when discussing supermarkets, because its far easier to say 'oh poor Tesco is scraping by on a 2% profit margin' rather than consider whether Tesco making £3bn a year while people starve is good
Matthew Bowles@Matthew__Bowles
Supermarkets have profit margins of between just 2% and 4%. Price caps have a long history of producing shortages, weaker supply and many empty shelves. Britain went down that path in the 1970s - it didn't end particularly well...
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Describing human beings as “lower-value human capital” is just shocking. 😦
Sky News@SkyNews
UK-based bank to replace 'lower-value human capital' with AI trib.al/COxXrSi
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@RealDannySwifty @PolitlcsUK @FT What are you talking about quoting a profit figure without stating the amount of capital invested or level of turnover or even cost base they have. You are economically illiterate. And no reducing taxes for new comers won’t make it cheaper for some obvious reasons.
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@omahahammer @PolitlcsUK @FT What are you even talking about?
We are talking about the UK
Tesco made over £2bn in profit and keep putting prices up and its not just inflation
This isn't about GDP and free markets, people need to buy things
Slash taxes for new and comers, watch it become cheaper
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🚨 NEW: The Government is pushing for supermarkets to voluntarily cap food prices
[@FT]
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@RealDannySwifty @PolitlcsUK @FT Ah so you’ve just decided you know how they can be more efficient then without any empirical evidence? You genius
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@Harriso84651147 @PolitlcsUK @FT Their margins aren’t high. They should always be making record profits as the value of the £ decreases from inflation. High food costs has one culprit… government policy and regulation
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@PolitlcsUK @FT Ohhh yes. Because supermarkets that have recorded record profits year on year are going to lower the amount of money their shareholders can make because the government asked nicely
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@jaybirdie1 @PolitlcsUK @FT Their costs have been forced up… they still earn low margins so it’s not profiteering. Who forced their costs up? Government policy on tax, energy, wages, regulation.
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@PolitlcsUK @FT Supermarkets won't put prices down they are making a packet off of us, it's double the price for all the same item's.
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@RealDannySwifty @PolitlcsUK @FT Bothered to look what margins these “monopolies” earn and how that compares to other countries?
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The solution is simple
Offer tax breaks to new up and coming chains to help elevate them if they offer affordable prices
The current monopolies will soon drop their prices to avoid losing market share and longevity
If they want to hold the market to ransom, make the market free
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@maxshillam Well, I've a degree in economics from the LSE.
But you don't need that to know that homes being built to be sold for £710k each are not going to help meet housing needs in a borough where average household incomes are £44k.
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Basic supply/demand market economics training should be mandated for all elected councillors.
Reginald Popoola 🍉@ReginaldPopoola
It's a fantastic day for residents in Peckham! The Planning Inspector has ruled against Berkley Homes a tiny amount of affordable homes as possible in the heart of Peckham. Building affordable homes, not luxury flats, is the only way we can tackle the housing crisis.
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@oggyboytchev @Sam_Dumitriu You do realise someone can rent them… who now isn’t competing to rent somewhere else or buy somewhere else.
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@Sam_Dumitriu Developers have stopped building leasehold flats. At the moment some even offer you a free car in order to get you in the leasehold trap but there are no takers.
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Southwark’s Planning Chair opposed a 860+ home development because locals couldn’t afford the new homes.
It’s a common misconception. So I’ve decided to explain the evidence showing how luxury flats can make housing more affordable on the Old Kent Road.
Richard Livingstone@Livingstone_RJ
@Sam_Dumitriu This was only 12% affordable housing. The average price for the market sale homes would have been £710k. In a borough where the average household income is £44k. Those homes would have done nothing to meet local needs.
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@RobertJenrick You’re advertising on a social media platform for someone who could potentially (not going to happen) be in Government ? 😂 and since when did “I’m after” become a professional way to employ someone ? you really are clueless Jenprick 🥴
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I am looking to hire a chief economic advisor.
As Reform prepare for government we are looking to expand our growing team of policy advisors.
I’m after an exceptionally talented individual with a strong grounding in macro economics.
If you’re passionate about getting growth again in the economy, and have ideas to shake up our stale economic debate, this role is for you.
We have a once in a generation opportunity to build a new economic model that transforms this country for the better. If you have the energy and determination to do that with us, this role is for you.
The job will involve:
-policy development
-modelling
-in-depth research
No experience in Westminster is required. Business experience is preferable.
The pay is highly competitive, but variable depending on the candidate.
Please email your CV and a cover letter to jenrickr@parliament.uk
Applications close on the 29th May but will be reviewed on a rolling basis.
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@julianHjessop Also most owners of BP also own lots of other stuff that has gone down because of the oil shock. They are taxing the one part of many pension pots that hasn’t gone down… making the hedge less effective and making all savers poorer
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This won't be popular, but BP's profits don't outrage me...
Prices have risen because of a supply shock (#economics101).
Capping profits whenever prices jump reduces the average rate of return and disincentives production and investment, thus making the problem worse.
The precise cause of the supply shock is irrelevant here - saying it is "morally wrong to profit from a crisis" ignores the economic reality that prices need to adjust to balance supply and demand.
And by the way, even a $3.2bn (£2.4bn) profit is not that unusual for a global business as large as BP.
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@EdwardoBankio @kevinhollinrake Market can’t decide when costs are imposed by government dictate.
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@kevinhollinrake Maybe they are just terrible restaurants charging too much money for average food. Let the market decide.
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“Restaurants are done.”
“I have people calling me in tears every day… 40 years in business, now going under.”
“Not the consumer… the government is totally killing the restaurant industry.”
When experienced operators say this, the government must listen.
The tax and cost burden is unsustainable.
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@PeterBone1 @AaronBastani No even if you taxed all rich people at 100% the triple lock is still mathematically unsustainable in the long run
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@AaronBastani Sorry Aaron, but this is nonsense. Our state pension is one of the worst in Europe. Raise taxes on higher incomes. Problem solved, no?
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An ageing population can’t permanently receive an ever expanding part of national output.
This is common sense. Nobody is being demonised, or hated. It’s mathematics.
Renée Hoenderkamp@DrHoenderkamp
Why do people hate the elderly so much? So tired of listening to the left and some on the right, demonising pensioners for daring to draw a pension, mainly after 40-50 years of hard graft and tax paying. The same people don't want to discuss or demonise in the same way the 1 million 18-24 year olds not working/paying tax and only taking from the state. Or the ballooning benefits bill for those who decide that their ailment means that they can just take from the state regardless of contribution. Benefits should be an acute lifeline or safety net for the very small percentage of us who cannot work or need help to get back to work; not a lifetime activity for those who could but don't work. Leave the elderly alone; £12,500 a year is hardly a bounty and they earned it.
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Listen to Jimmy, he is spot on, and morons will still not get it.
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@westhamfootball Seems smart. Of course dealing with the English mps and public who think Royal Mail can have high standards and deliver a quality service at £1.80 for a first class stamp 🤣🤣 don’t matter who owns it that ain’t happening with universal service obligations as they are now
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Non-West Ham related, but West Ham Shareholder Daniel Kretinsky making a rare public appearance yesterday to answer MP's questions on Royal Mail
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@gregpower @Gimpuslegend @brumbitcoin What’s it on an adjusted basis to reflect the amount of hours worked and the pension benefits?
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@Gimpuslegend @brumbitcoin You regard the above as a good salary?
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To match the pensions benefits a primary school teacher accrues during their working life, Grok estimates you'd need a private pension pot of around £1 million.
The % of private pension pots that ever reach this figure? Around 3%.
The state is unsustainable.
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