@proptechpioneer I am a developer and we are literally sat on our hands at the moment. We have land with planning and none of it is currently viable. It wasn't 1 year ago, it's even worse now
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Horses Mouth
2.3K posts
Horses Mouth
@straightfromm
Overthought
England, United Kingdom Katılım Eylül 2013
378 Takip Edilen72 Takipçiler
Not good signs for a construction led recovery
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@PeterMcCormack Looting is exactly the correct word. And corruption
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We are in the looting phase of government.
The wealthy will continue to leave, the middle-class and poor will pay the cost and the sad thing is, they are the ones voting for this.
God help you all.
Steven Swinford@Steven_Swinford
Wes Streeting has this morning set out his tax plans - specifically bringing capital gains tax into line with income tax He says that the current system is unfair because it penalises work Higher or additional rate taxpayers will pay 24% on gains in the current financial year. Streeting said that the rates should mirror income tax bands - so 40% for higher rate taxpayers and 45% for additional rate taxpayers He says that the approach could raise £12billion a year Streeting said: “A member of my family is a cleaner in Lancashire. She pays a higher tax rate on her salary than her landlord pays for the growing value of the home she lives in. She slogs her guts out, he puts in far less effort, yet the state rewards him more than her. And we wonder why people are angry. “The system is penalising work. It’s not fair and it’s bad for our economy. We need a wealth tax that works. A pound made from simply owning assets should not be taxed less than a pound made from a hard day's work. We can do it in a way that is pro-growth, pro-entrepreneur and pro-work.”
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@TheCriticalDri2 Because the government is spending someone else’s money and have no care for how it’s spent. So wasteful.
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Fucking why?! Its a train. It runs on rails. Why is this being treated like some impossible engineering problem that we just can't solve? Why is this country so fucking useless?
BBC Breaking News@BBCBreaking
HS2 could cost up to £102.7bn and first services could take until 2039 to start, Transport Secretary Heidi Alexander says bbc.in/4wtPPXU
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@Lyndonx Our political masters are not even close to understanding the error of our ways. We have many years of this lunacy ahead of us
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Britain is learning the hard way that you can’t strip out your industrial base, choke your own energy production, pile on climate rules, and still expect the economy to function. You can delay it politically, but reality catches up.
Now the UK is quietly easing back on oil and gas because it has to. After years of pushing Net Zero hard, deterring North Sea investment, hitting producers with windfall taxes, and acting like renewables alone could run a modern economy, the cracks are showing. Energy isn’t optional, when it’s constrained, it slowly breaks everything underneath.
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@ListerLawrence @Fat_Jacques I'd slightly push back on that part Lawrence. As Ai grows, most employers are not as society conscious as you and will go for the cheaper option. Unless they start legislating against Ai (unlikely) they'll need to find a new source of taxation - likely a tax on energy usage
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I’m not rich enough to move abroad as I have too many ties, but the really rich (£1bn+) are international players. So any tax hike on them and they just move or move their Hq to a tax friendly country. The ONLY want to effectively get more tax in is to allow people to create jobs.
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What I don’t understand about our government, is that surely the only way to spend more is to get more tax £pounds into the exchequer? Nearly all Tax comes from workers. Yet, as a business owner with over 1200 employees I am actively trying to minimise the number of new employees I need. Why? Well first of all our government has increased the NI tax, so it now costs more to employ people. Secondly, they’ve allowed sick pay from day one and i know from personal experience some people get a job just to claim this benefit, since it’s higher than job seekers. Thirdly, business rates have gone through the roof, especially in hospitality. Fourth, Ltd company shares are now liable for inheritance tax which has heavily damaged morale for family companies. Fifth, AI is doing incredible things and all companies will be able to reduce admin and tech functions, which is a no brainer.
Once upon a time when one of my directors said we need a new person for this or that, id happily say “let’s hire three of those roles as more people will achieve more” but now confidence is so much in the toilet and it is no wonder unemployment is on the rise. Until all UK employers feel confident about recruiting and expanding their businesses I fear for our economy.
1% growth per annum is not growth in my book. We need some positivity and motivation for all of us who are prepared to work hard. 🙋♂️
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@EDP24 All of these rules and conditions attached to development permissions (NN, CIL, Section 106 etc) were all added during the boom times when house prices were in rapid assent and the economy stable. Those days are over. Big time. And if we want jobs and an economy they need to go
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Housing developer gets rebuffed in attempt to axe EVERY affordable home from estate ift.tt/bahocYe
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@l_n_n_26 Call if for what it is - corporate and governmental corruption
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The sheer inefficiency of large scale infrastructure projects is a feature of decayed state of British capitalism. Any major building project is riddled with middlemen who extract as much from public funds as possible. The bureaucratic bloat in the public sector also exists to extract money in the form of very well paid jobs for the managerial layer. All this leads to projects which could be completed inside a decade taking four decades to complete with an ever escalating bill attached to them. British capitalism is a horrendously inefficient, wasteful and parasitic system which is holding us back.
Politics UK@PolitlcsUK
🚨 NEW: The Government says HS2 is now set to cost up to £102.7bn The first trains from Birmingham to west London are expected between May 2036 and October 2039 Services from Euston to the North West and Scotland are expected between May 2040 and December 2043
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@proptechpioneer I think the early stress signs were quite some while back!
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To me these are the signs of early stress across the entire UK housebuilding and development sector.
Reuters Business@ReutersBiz
UK's Crest Nicholson delays results as talks with lenders continue reut.rs/4uWY7Wz reut.rs/4uWY7Wz
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@ListerLawrence @JoshuaGarfield Absolute corruption. The state of the UK perfectly explained in two images
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@JoshuaGarfield It just beggars belief really. Why can’t we do anything in this country without it costing £billions. I’m still seething from £1bn to build the millennium dome and that was 26 years ago!
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@JoshuaGarfield Absolute corruption. The state of the UK perfectly explained in two images
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Horses Mouth retweetledi
Norway and the UK drilled the same North Sea.
🇳🇴Norway got $2 trillion.
🇬🇧The UK got tax cuts.
Same basin,Same era.... Completely different outcomes.
Norway captured $30 per barrel in government revenue. The UK captured $11.
That gap, compounded over 50 years of production, is the entire difference.
Norway's model was simple: tax heavily (78% marginal rate), take direct equity stakes in fields via the SDFI, own part of Equinor, and put everything surplus into a fund invested abroad.
The Government Pension Fund Global now holds over $2 trillion in assets.
That's $390,000 per Norwegian citizen about 1.5% of all listed equities on earth.
The fiscal rule: only spend the 3% annual real return. Never touch the principal.
The UK started producing earlier, at lower prices, with a lower tax rate (40%) and no saving mechanism.
North Sea revenues flowed straight into the general budget.
Economists estimate the UK missed out on roughly £400 billion compared to a Norwegian style regime.
The windfall largely financed tax cuts in the 1980s rather than a fund.
Where things stand in 2026?
Norway's petroleum sector will generate $63 bn in net cash flow this year alone feeding a fund already large enough to cover 10-15% of the national budget from returns alone.
The UK is a net energy importer.
Since 2021 it has paid countries like Norway more than £100 billion for gas.
One country treated oil as a finite resource to convert into permanent financial wealth.
The other treated it as income.
image source:eia
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Horses Mouth retweetledi
The average British salary should be £65,000.
It's £34,000.
Fifty years of political failure.
One plan to fix it.
The SDP's Investment State documentary, out now:
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@DrHoenderkamp It certainly does sometimes appear as though the left are a planted ruse for the wealthy elites to keep making money off the back of the poor
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He will give the trans activist new vigour, raise taxes when people are already destroyed, and the markets will crash: the wealthy will use that to make more zillions, we will be screwed.
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@MikeWhi29270353 @KirstieMAllsopp But now I don't seem to have either!
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@KirstieMAllsopp Prompted by another commenter:
3G had better coverage than 4G but could not support faster data or more people.
So it's a compromise ...
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@KirstieMAllsopp Is it me has phone network coverage completely collapsed across the entirety of the UK? Trying to conduct business on the move has become essentially impossible
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I’m aware I tweet this all the time but it’s probably because I’m on trains all the time PLEASE, please, please spend some of the HS2 money on connectivity/wifi/starlink/whatever it bloody well takes so that it is possible to access modern work tools while on a train 🙏
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@shivmalik I think there's something in this, shared with alot of what the SDP have to say
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What he’s proposing is a return to municipalism - when the basic infrastructure of a city was owned and sometimes also operated by the city itself. It’s the pre-1945 settlement that even saw London deliver its own healthcare before the NHS.
It’s about self-sufficient regions rooting capital in their community to protect them against the tumult of globalisation. It’s about ensuring the fundamentals of an economy- energy, transport, water and even housing - can stop being a drag on people’s pay packets and the cost of business. That frees up people to innovate, spend, save for a better future, and take risks. Singapore does it. France does it. What it isn’t is status quo Neo-liberalism or Fabian style nationalisation. Which is why everyone is struggling to name it. It’s the Mutual Future.
Andy Burnham@AndyBurnhamGM
Politics isn’t working for places like ours. I will change that. #AndyBurnham #ForUs
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Horses Mouth retweetledi
This tiny political party, without massive donors, without the exposure in the media. Without widespread knowledge in the wider public just keep doing the heavy lifting absent from the major parties.
Following on from last years “Energy Abundance”
Green paper, the @SDPhq have launched their new green paper “The Investment State”.
It asks difficult, sometimes uncomfortable questions but these are questions that need to asked and debated.
This party deserves so much more attention, so much more exposure.
Please listen as @WilliamClouston carefully explains what the investment state discusses
If you like what the party stands for, we need members to help us continue to grow because its memberships that fund the party and members that shape the party and its policies.
Social Democratic Party@SDPhq
The average British salary should be £65,000. It's £34,000. Fifty years of political failure. One plan to fix it. The SDP's Investment State documentary, out now:
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@PeoplesActionUK @WilliamClouston 100% agree. Whenever I mention SDP and their policies everyone’s ears always prick up. Just a shame they’ve never heard of them and that their media game isn’t slick enough to convincingly share their output
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An SDP that had an elite social media game would win a landslide. This is what the public wants, but perhaps they just don’t know it yet.
Social Democratic Party@SDPhq
The average British salary should be £65,000. It's £34,000. Fifty years of political failure. One plan to fix it. The SDP's Investment State documentary, out now:
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