Very Flash
12.5K posts

Very Flash
@FlashMacGordon
Bewildered by common stupidities. Dislikes self promotional types



PRESIDENT TRUMP: The UK should open up the North Sea. They should use it instead of buying oil from places that use the same source. They are doing windmills. Windmills do one thing: put you out of business.



Rolls-Royce welcomes landmark contract with UK Government for delivery of Small Modular Reactors bit.ly/47QIY08

US-sanctioned Shanghai Xuanrun Shipping Co Ltd owned tanker Rich Starry transited the Strait of Hormuz this morning carrying a quarter million barrels of methanol loaded at Hamriyah port in the UAE. Last port of call for the Chinese crewed vessel was Sharjah anchorage off Dubai. Src: LSEG, Kpler (IMO 9773301, Malawi-flagged, previously Full Star) Reuters: reuters.com/business/energ…






@afneil The only thing that needs preserving iis BBC Radio. I would have said the World Service but that seems to have collapsed in on itself, it is really a shadow of its former self. Some drama is great e.g The Other Bennet Sister but that can go anywhere. They gave up on Sport so?

Ah yes, the ‘utterly discredited’ BBC Question Time, the same show you’ve appeared on almost 40 times. No wonder you prefer Farage on GB News these days, a whole hour where you don’t have to worry about any pesky scrutiny.




This story below reveals the true extent of Angela Rayner's cluelessness when it comes to economics, the public finances and financial markets. I say that not with glee - but deep alarm and regret. If this is really how the probable next Prime Minister of the UK thinks - betting markets put a more than 50% chance on leadership coup by June - then the ousting of Starmer/Reeves by Rayner (or Miliband) is likely to spark an instant spike in gilt yields, from their already elevated levels. Just the fact that Rayner has said what she has below will put yet more upward pressure on the market-driven borrowing costs – whatever the Bank of England says is these days mere mood – that drive the interest rates faced by firms and households. I have nothing against more social housing – on the contrary, the arguments in favour of building more are at the heart of my book "Home Truths", along with policy mechanisms that could get that done. But if you think that, in the current environment, hard-nosed international creditors do - or even should - give a monkey's about the "social benefits" of subsidised housing then you are utterly and dangerously deluded. Again, I say this in sorrow, not glee. I knew plenty of smart people at the top of successive Blair governments. The architects of New Labour – at least the Blairites – always made sure there were financially literate and market-savvy people in the room when big decisions were made. That was important back then - when the national debt Britain had to service was 35pc of GDP. Now – with the same metric pushing 100pc of GDP and Britain paying more than Morocco to borrow money – it is absolutely vital. It seems that there is no-one – NO-ONE AT ALL – near the top of today's Labour government who has the first clue about the realities of public accounts and global finance. These are – once again – NOT tribal or party-political points, but statements of cold fact ....

















Yet another public service brought to you by a Labour government.












