The EU debate - Part III

There is a theory that it's a spoof account to discredit the real Peter Saxton.

Whilst that would be hilarious as a few posters follow him around taking turns to rim him, I think this **** is genuine as I've seen the photos and he is full on white trash!

 

and to think i thought you and Diego could be tiresome with your wumming

 

How very dare you! I nver wum.... I merely observe and comment

Anyway, Two Kitchen Pete can bring together the most bitter of rivals, he's such a trembdous bellend.

 

What right wing ****ers like Pete should maybe contemplate is why the Tory press use so many of their column inches to create outrage and indignation within the blue rinse set, by printing such an incredibly high percentage of stories about immigrants, dole scroungers, invalidity benefit 'cheats', some random who has 13 kids and has 2 council houses knocked into 1, etc, etc.

All of whom combined (ignoring the huge reporting 'errors' in their figures) take less of the public purse, than the 0.1% of the population who use accountants and tax havens to avoid paying what's due to the Treasury.

The former is seen as scum and the latter largely ignored. Why?

Because it suits the status quo. The kind of Tories that a deluded Tory like Pete lauds, laugh at his ilk behind closed doors. They're enablers to keep things just the way they are..........only the likes of Pete are too ****ing dumb to realise it.

 

I wonder what it must be like to know this bloke in real life. It's terrifying. Imagine just being his neighbour

 

Ok. You know far more about it than I do. It just struck me that he was thinking that you were saying they all disability claimants should be taken at their word.

 

TBH i can't be doing with it
even as i made the 1st post i knew it was a bad idea - and as always i was right
anyways i'm off

 

Yep I don't hand around on this thread. But every now and again come on to read some of the extreme and ridiculous views (usually by the right wingers) on here just to be entertained.

539 pages! And this is the 3rd thread on it

 

Your brief presence has been much appreciated.

 

It's just troublng, and deeply scary, that these idiots, by their bigotry, have been allowed to condemn the entire nation to a poorer economic future for many years to come. Possibly for an entire generation.

 

Some of them really are living in the past. Clinging on to a rose-tinted bygone era and they genuinely believe they can hold back the tide of change that this country will ineviteably become a part of.

I do wonder how little sense they have of their own mortality and what the world will look like beyond them. That's probably too deep for people like Pete, but I'm sure some on here understand what I mean by that.

 

It's more my kids I worry for! And their kids too.
This xenophobic ****wittery will make all of their futures poorer.

 

Brexit food news - drinks special.
Tea import cost up 50 %

European spirits up 20% with French grand mariner up 31%

Finally NHS told to find a new milk supplier or pay 8p per pint more as British dairy farmers decide to sell milk abroad for a profit instead of selling at a loss in domestic market. This milk increase is expected to spread into consumer market with prices already 1p per pint higher this month.

 

Also heard a couple of days ago the price of some Apple computers has gone up overnight by £500 due to low pound?

 

Dull and Pete won't give a **** they only drink Yaaaarrkshire Tea

 

You seem incapable of writing a coherent sentence. Are you deranged? I suggest you take up badger baiting, or burning witches. You might be good at that sort of thing. You ****.

 

Three in four bankers think London will remain the financial capital of Europe
http://www.cityam.com/252706/three-four-bankers-think-london-remain-financial-capital?

"Nearly three in four bankers think that London will still be the financial centre of Europe in five years time - even after the UK leaves the EU.

According to a survey of 80 banking executives released by Synechron, 72 per cent said they think the UK will remain the most attractive place for financial services in the coming years, despite warnings that some are considering moving elsewhere.

The survey also said that 55 per cent of British banks had set up "Brexit steering committees" to prepare for life outside the EU.

While 78 per cent of executives believe that Brexit will have a negative impact on the UK's financial markets, 82 per cent think the EU will be negatively affected by the UK's decision to leave the EU. Half think the UK is in a position to negotiate a bespoke trading arrangement with the bloc.

Tim Cuddeford, managing director at Synechron business consulting said: "Whilst Brexit poses an unforeseen challenge for financial institutions, the prospect of rising compliance and huge relocation costs appear inevitable.

"Despite this uncertainty, we’ve found that the majority of British bankers believe that London will remain the financial centre of Europe, painting a very hopeful picture of the future.” "

 

You're up early tubby, another fridge run?

 

'EU will lose more from Brexit than Britain' says leading investor at French firm
http://www.telegraph.co.uk/personal...m-brexit-than-britain-says-leading-investor/?

"Brexit generated a knee jerk reaction. Quantitative easing reappeared, the Bank of England halved the bank rate to 0.25pc, revived the asset purchase scheme by adding to the tally another £60 billion of gilts and £10 billion of corporate bonds.

UK interest rates are the lowest since 1705. Japanese bonds have negative yields for the first time since 1870.

Negative bond yields abound. In this upside down world in Denmark, some homeowners receive, rather than pay, interest on their mortgages each month.

With the die cast, we have uncertainty as to whether it is a "hard die" or a "soft die".

Three of the four freedoms of the European Union – free movement of capital, people and goods - worked well. But the fourth freedom, the free movement of services, did not.

Have any of your children been able to become ski instructors in certain continental ski resorts?

It is not really a single market: there are different languages, for example, so printed packaging materials and instruction manuals have to be in all of them.

Plug sockets vary widely and laws are different in each country.

Whether Brexit is hard or soft, commerce will continue. The member states of the EU are members of the World Trade Organisation, so if it is hard, we can trade on under preferential trade agreements.

Given imports of goods a year from the EU exceeded exports by £85 billion in 2015, those corporate vested interests will speak loud within the Union as jobs will be at risk if draconian measures are taken.

One thing that will not stop is those secular growth trends extant in the world economy that we have observed before.

One hundred percent of taxi rides in 2014 were in yellow cabs in New York, for instance. Thanks to Uber, Lyft and others, that figure has declined to 50pc today.

Technological development leads to better informed consumers, who via e-commerce, increase competition, which lowers prices.

“In our industry, there is tremendous fragmentation of consumers, media, competitors and routes to market and its happening simultaneously. It’s like a complex 4D rubik’s cube,” said Alan Jope, Unilever’s head of personal care.

If it is happening in the shampoo market, it’s happening right across the economy and society.

If the central bankers have got themselves into a "secular stagnation" funk, it is doubtful that negative interest rates will wildly influence this trend.

Companies will have to change or adapt. AutoTrader, which we have held since their initial public offering, stopped printing in 2013 and moved fully online.

They have a dominant position in their industry, like Rightmove has in property. It's another of our holdings.

But is it not just AutoTrader being a popular interface between car dealers and the car buyers, it is the potential of the company to take a greater percentage of the commission pool or revenues as the industry automates more through the use of big data it accumulates.

For example, it costs roughly £1,000 to sell a car in the UK second hand car market. Of that £1,000, 40pc is labour costs.

The other costs are advertising, real estate, stock depreciation and administration. It takes 23 hours of labour to sell one car.

This involves manually valuing vehicles with a lot of travel involved, as well as time negotiating deals and finance.

Using AutoTraders’ data tools, dealers can progressively value cars online which will ultimately replace manual valuation.

Think “webuyanycar.com”. (Incidentally, we own shares in British Car Auctions (BCA) who own webuyanycar.com.)

If AutoTrader becomes the de facto aggregator of buy and sell orders, which it can match, they can share more of the transaction revenue, especially if they can reduce the average days per transaction.

Using their “iControl” software, AutoTrader have demonstrated to the industry that they can reduce days stock is held down from 56 to 33 days.

Whether those cars will have driverless features, who can tell. However, momentum here is definitely building.

In August this year, Singapore announced the world’s first public trial of a robo-taxi service.

Uber and Volvo announced that they would pioneer an autonomous taxi fleet in Pittsburgh. Ford said it would build its first mass-market driverless car by 2021. How many yellow cabs will you spot on the streets of Manhattan by then?

John Thornhill, writing in the Financial Times in August this year, agreed that there is certainly a good economic argument for this.

“Conventional cars are inefficient, dangerous and dirty. They sit idle for 95 per cent of their lives, clogging up city street and car parks.

"When moving, they smash into each other, killing 3,500 people every day around the world. Ninety per cent of accidents are human error and cars pollute the environment, accounting for 45 per cent of oil burnt," he said.

But how does a car nudge its way through a throng of people outside a football stadium?”.

The technology is advancing fast. NVIDIA, an American semiconductor design company, is working with Volvo and their “Drive Me” autonomous vehicle programme.

They have configured a new system on a chip, using theirs and ARM cores, that can process up to 24 trillion deep learning operations per second. Yes, trillions.

As a percentage of GDP, UK global goods exports are heavily concentrated in the research and development, (knowledge) and high skill (know how) manufacturing.

Mechanical machinery, cars, medicines and pharmaceuticals, electrical machinery, aircraft and miscellaneous and scientific machinery account for 50pc of the total.

The UK service economy is becoming ever more complex and interconnected.

“In 2013, 40.3pc of all UK information and communications technology turnover originated in London and more than half the growth in this sector in the past five years had been in London," according to The Flat White Economy, by Douglas McWilliams.

Near Old Street roundabout, now nicknamed Silicon Roundabout, has grown an information technology hub and a boom area due to scaling and networking effects, a readily available workforce and a high level of creativity.

“At one point, Shoreditch was said to have the highest concentration of art galleries in the world as well as a plethora of clubs and trendy bars. There are 38 clubs within 300 yards of Old Street Station", said Douglas McWilliams in his book.

We have often reiterated our overriding investment mantra that “things will not necessarily become better or worse, but will become different”.

Whether a soft or hard Brexit, the EU has more to lose than Britain in terms of goods traded.

As James Dyson espoused through the referendum debate (if you can call it that) – his eponymous company exports far more to the rest of the world - 81pc - than Europe - 19pc.

We’re number one in Germany and France – but it’s small and the real growing and exciting markets are outside Europe.” "

 

Tories’ lead grows to 14 points over Labour in new poll
http://leftfootforward.org/2016/11/tories-lead-grows-to-14-points-over-labour-in-new-poll/?

"Conservatives on 42 per cent in BMG poll versus Labour's 28 per cent

The Conservative Party’s lead over Labour has grown to 14 points in a new poll by BMG – up three points from September.

The poll of voting intention has the Tories on 42 per cent, versus the Labour Party’s stable 28 per cent, with the Lib Dems on eight, UKIP losing one point to 12 and the Green Party droping one to four per cent.

Conservatives – 42 per cent (+3)

Labour – 28 per cent (nc)

Liberal Democrats – 8 per cent (nc)

UKIP – 12 per cent (-1)

Greens – 4 per cent (-1)

Other – 6 per cent (-1)

Today’s poll follows an Ipsos Mori poll earlier this month that gave the Tories an 18 point lead over Labour, with 47 per cent – it’s biggest lead since the 2010 general election.

The Tories have been a head of Labour in most polls for some time, and the lead is only widening."