LozzaUK

Andy Burnham is rethinking plans to appoint Ed Miliband as his Chancellor because Ed Miliband is a batsh*t crazy climate hysteric who would crash the economy overnight.

@traderpd @afneil @JohnRentoul 💯 %

@LozTrading @afneil @JohnRentoul All politicians carry the blame for not having the statesmanship to make the hard decisions necessary for the good of the country. Starting when Major took over.

A welcoming present just out this morning for a Mr A Burnham to underline just how limited his latitude as PM will be: The UK government borrowed £23.3 billion last month, 30 per cent or £5.4 billion higher than a year earlier. It was also more than the £18.8 billion expected by most economists and the £17.7 billion forecast by the Office for Budget Responsibility, the UK’s independent fiscal watchdog.  The interest payable on government debt rose to £11.7 billion, the highest ever recorded in any May.

@ItsJamesHall I’m having some success with them in regard to this

@LozTrading Invest it and it becomes more money!

5 questions to ask yourself before any big purchase: 1. Do I need this or is it a temporary want? 2. Does this align with my goals and values? 3. What else could this money be doing for me? 4. Will I still be happy with this purchase in 30 days? 5. Can I afford this without affecting my emergency fund? Save this post. Next time you buy something, answer all 5 and see how much you really want it.

@CherwellPunter @afneil @JohnRentoul Maybe one day we'll all find out

@LozTrading @afneil @JohnRentoul Restore & Reform have the will it wld appear.

I hear ya. I am unconvinced that cuts will be big enough as the political ramifications are unpalatable. Obviously we could have productivity growth but with the energy costs here so high that isn't a runner. I think they'll just continue to steal money from everyone via data manipulation. I hope not and I really hope we find a better way forward

And painful solutions will eventuality be chosen by the electorate. But it will take a long time. It will take years of economic pain and suffering for the turkeys to vote for Christmas. In Argentina it took years of triple digit inflation and interest rates until they elected Milei who had said up front he would slash public spending (and their benefits) by 30% in a year.

@TheMichaelEvery “…. And then….”

2026, day 169 Good morning from Asia. ‘US military has lifted Iran blockade upon orders from Trump: CENTCOM’ (Al Arabiya); ‘Iran announces plans to bring in maritime fees for strait of Hormuz’ (Guardian); Security threat level in Strait of Hormuz reduced to ‘moderate’ (UKMTO); ‘Gulf exporters' quest to bypass Hormuz will reshape the region’ (Reuters); ‘Iran’s supreme leader says approved US deal despite having ‘different view’’ (AFP); ‘JD Vance lashes out at Israeli government over Iran deal criticism’ (FT); ‘JD Vance’s Risky Pivot to Iran Deal Defender’ (WSJ) - “For better or worse, the vice president now owns the agreement as talks enter a difficult new phase”; ‘Iran to get access to $6bn of frozen funds to buy US goods’ (FT); ‘MoU’s $300bn Iran reconstruction fund becomes US political flashpoint’ (AJ); ‘US-Iran deal redraws the Middle East: Iran gains, rivals alarmed’ (Reuters); ‘Israel and Iran harden stances on Lebanon pullout, risking Trump’s deal’ (ToI); ‘Iranian delegation suspends Switzerland trip over Israeli strikes in Lebanon’ (Al Mayadeen); ‘Hegseth Berates NATO Allies for ‘Shameful’ Response to U.S. War in Iran’ (NYT); ‘U.S. moves toward troop reductions in Europe as Hegseth scolds NATO allies’ (WaPo); ‘Ukraine hits Moscow with largest-ever drone attack’ (FT); ‘Russia vows ‘massive’ retaliation for largest attack on Moscow since war began’ (Telegraph); ‘Some EU leaders furious at Costa official’s calls with the Kremlin’ (Politico); ‘N. Korea vows deeper ties with Russia on 2nd anniv. of signing key treaty’ (Korea Times); ‘China’s tribute system and the new world order’ (FT); ‘Taiwan's refusal to accept China's rule isn't a 'provocation,' Lai says’ (Nikkei Asia) - “President hopes for US arms approval 'soon,' says homegrown defense 'equally important'”; ‘No call with Taiwan, no new arms sales: how Trump is preparing to welcome Xi’ (SCMP); ‘China ran secret police operation in heart of London’ (Telegraph); ‘In G7 debut, Takaichi puts economic security at heart of Japanese diplomacy’ (Japan Times); ‘Cuban lawmakers approve sweeping reforms to socialist model amid US pressure’ (Reuters); ‘US hails initial meeting between Venezuelan government, opposition’ (Reuters); ‘Fujimori edges toward Peruvian presidency as Sanchez calls for protests’ (Reuters); In geoeconomics, ‘US trade official takes aim at Beijing, faults Washington on industry’ (SCMP); ‘The Woman Who Cracked China’s Grip on Rare Earths’ (WSJ); ‘US Tells ASML It’s Concerned China May Have Top Chip Tool’ (BBG); ‘Britain presses EU for steel alliance pledge in reset talks’ (Politico); ‘UK could keep special pre-Brexit terms if it rejoined EU, Michel Barnier says’ (Guardian); ‘Bailey: A decade of Brexit has been bad for the economy’ (Telegraph); ‘City of London Clings to Finance Crown a Decade After Brexit’ (BBG); ‘AI has granted America vast new power’ (Economist); ‘US Acts to Speed Up Power Grid Hook-Ups for AI Data Centers’ (BBG); ‘Trump’s ‘nuclear bros’ race to deliver US atomic revival’ (FT); ‘Gulf oil shock speeds up India’s EV drive’ (FT); ‘EU set to remove barriers to banks’ cross-border capital flows’ (FT); In politics, Labour wins the key Makerfield by-election; ‘Meloni clashes with Sánchez over migrant amnesty’ (Euractiv); ‘The Woman Who Cracked China’s Grip on Rare Earths’ (WSJ); ‘Victorian teachers reject 28pc wage deal in shock upset’ (AFR); In markets, ‘Brussels urges EU banking sector to ‘avoid zero-risk tolerance’’ (Euractiv) - “European Commission's draft report calls for 'cultural shift' by the EU's banks, regulators, and auditors”; ‘China's policy blitz at Lujiazui Forum - what it means for markets, outflows and the yuan’ (SCMP) - “Regulators are leveraging currency strength to formalise outbound routes, granting fresh quotes for global assets while narrowing the interest-rate corridor”

@SantiagoAuFund Donnie Darko

Seven Psychopaths

@FinanceTiger I asked ai if I should comment here and it said, "good idea. A comment here would be most appropriate. Would you like me supply four suitable comments in your style"

Have people gone completely mad with the use of AI ⁉️🙈

@DavidVance Sounds plausible

FORECAST. Labour will comfortably win MAKERFIELD. The Right will squabble amongst themselves. Burnham will inject fresh momentum into Labour. The UK will deteriorate further and faster.

@ThomasEvansAdur And Waynetta Rooney

Watching the BBC coverage of Norway Vs Iraq in the World Cup. Ticking all the right boxes. Female host. Two female guests. One ethnic minority male.

Is Puff The Magic Dragon the saddest song of all time?

@PolitlcsUK Enjoy your bread. The circus might be in town

🚨 NEW: Keir Starmer has refused to rule out a Bank Holiday if England win the World Cup "The last time we won the World Cup it was a Labour Government. And so it’s absolutely clear that we only win World Cups under a Labour Government"

@SantiagoAuFund Everything these days is the end of everything. Never happens in my experience. Good news is you can ignore pretty much 95% of what Titter tells you and go on with your life

IYKYK

@C_Barraud Not correct according to my sausage roll index

🇬🇧 *UK MAY CONSUMER PRICES RISE 2.8% Y/Y; EST. +3.0% - BBG *UK MAY CORE CPI RISES 2.6% Y/Y; EST. +2.7%

@PolitlcsUK Classic

🚨 NEW: FIFA has reminded England fans that political flags are not allowed at the 2026 World Cup It comes after the FA was made aware of flags in Orlando calling Keir Starmer a "nonce"

@David_Rewhorn @PolitlcsUK Agree this totally

@PolitlcsUK My grocery bill begs to differ.

🚨 BREAKING: UK inflation remained at 2.8% in the year to May

Mind blown. I wonder if the Egyptians ever thought of fixing bottle caps to their flasks?

Getting into the Fifa World Cup and watching the Netherlands vs. Japan game in the awesome Dallas Cowboys stadium. England Wednesday! It's massive and air conditioning! That what I love about the USA Big stuff. Whilst Europe freezes and destroys itself the USA roll on. I hope they never stop being the USA!