Rachel from accounts

[oldypigeonpopper]

Hello, While on the Bus to Oxford today they give away a free News Paper although London based  the front page had a  Photo of Rachel Reeves with the Caption, BOOM or BUST, is it only a matter of Time ??

[Red carp]

As my brother in law who in a financial advisor told me last week anybody with a mortgage should be afraid very afraid.

[Agriv8]

My financial advisor ( brother in law ) got me a 10 year fixed deal and will take us to mortgage just about being paid off.

investment staff at work are running a book on how long she will last ! None of them predict long term future!

Agriv8

[Red carp]

1 hour ago, Agriv8 said:

My financial advisor ( brother in law ) got me a 10 year fixed deal and will take us to mortgage just about being paid off.

investment staff at work are running a book on how long she will last ! None of them predict long term future!

Agriv8

I will be the first to admit we caught it lucky 😅😅😅

[old man]

12 hours ago, Red carp said:

As my brother in law who in a financial advisor told me last week anybody with a mortgage should be afraid very afraid.

And sadly when it's all gone base over apex she will no doubt be elevated to the upper house for services rendered, just uk politics?

[JohnfromUK]

Another big investor pulls out. https://www.dailymail.co.uk/news/article-14347007/Fresh-blow-Rachel-Reeves-AstraZeneca-AXES-450m-investment-Merseyside-manufacturing-plant-blaming-Labour-government.html

From the column;

A spokesman for AstraZeneca said today: 'Following discussions with the current Government, we are no longer pursuing our planned investment in Speke.

'Several factors have influenced this decision including the timing and reduction of the final offer compared to the previous government's proposal.'

The decision by the UK's most valuable company is humiliating for Ms Reeves after she spent weeks boasting of her determination to grow the economy and bring in more investment.

Her October Budget - including a massive national insurance raid on firms - has been blamed for crushing activity.

The previous deal with AstraZeneca is believed to have included £70million in grants and £20million in research and development funding from the UK Health Security Agency.

[TIGHTCHOKE]

That is a LOT of money going ELSEWHERE then.   

[JohnfromUK]

5 minutes ago, TIGHTCHOKE said:

That is a LOT of money going ELSEWHERE then.   

The whole article 'implies' it's going to the USA

[Weihrauch17]

35 minutes ago, JohnfromUK said:

Another big investor pulls out. https://www.dailymail.co.uk/news/article-14347007/Fresh-blow-Rachel-Reeves-AstraZeneca-AXES-450m-investment-Merseyside-manufacturing-plant-blaming-Labour-government.html

From the column;

A spokesman for AstraZeneca said today: 'Following discussions with the current Government, we are no longer pursuing our planned investment in Speke.

'Several factors have influenced this decision including the timing and reduction of the final offer compared to the previous government's proposal.'

The decision by the UK's most valuable company is humiliating for Ms Reeves after she spent weeks boasting of her determination to grow the economy and bring in more investment.

Her October Budget - including a massive national insurance raid on firms - has been blamed for crushing activity.

The previous deal with AstraZeneca is believed to have included £70million in grants and £20million in research and development funding from the UK Health Security Agency.

Our extortionate Energy costs are very probably a large factor, why would any company invest with Milliband driving the costs through the roof.

[JohnfromUK]

1 minute ago, Weihrauch17 said:

Our extortionate Energy costs are very probably a large factor, why would any company invest with Milliband driving the costs through the roof.

or our high cost of NI and employer cost of employment, our high corporation taxes, our high (and increasing) restrictive working practices and employment laws, and out Gov't's willingness to give in to wage demands in the public sector which will inevitably put pressure on wages in the private sector, and a Gov't that 'says' they want growth, but does everything to discourage it.

And all put forward by a Chancellor who rents out her house whilst claiming for a second home and actually lives in No 11 for free, claims heating expenses whist having a (very) large household income - but takes a heating allowance away from pensionsers, and who shows how trustworthy she is by lying on her CV and being forced to resign for claiming time off sick from her employer - whilst actually doing (Labour party) council business

It's a poor outlook all round

[TIGHTCHOKE]

3 minutes ago, JohnfromUK said:

or our high cost of NI and employer cost of employment, our high corporation taxes, our high (and increasing) restrictive working practices and employment laws, and out Gov't's willingness to give in to wage demands in the public sector which will inevitably put pressure on wages in the private sector, and a Gov't that 'says' they want growth, but does everything to discourage it.

And all put forward by a Chancellor who rents out her house whilst claiming for a second home and actually lives in No 11 for free, claims heating expenses whist having a (very) large household income - but takes a heating allowance away from pensionsers, and who shows how trustworthy she is by lying on her CV and being forced to resign for claiming time off sick from her employer - whilst actually doing (Labour party) council business

It's a poor outlook all round

Just what we needed, a safe, sensible, knowledgeable Chancellor, unfortunately we got Rachel from Accounts who appears to know very little about anything.

[ditchman]

1 hour ago, TIGHTCHOKE said:

Just what we needed, a safe, sensible, knowledgeable Chancellor, unfortunately we got Rachel from Accounts who appears to know very little about anything.

aint that the truth....and as the electorate what can WE do about it

NOTHING......she fiddles whilst we watch Rome burns

[old man]

2 hours ago, TIGHTCHOKE said:

Just what we needed, a safe, sensible, knowledgeable Chancellor, unfortunately we got Rachel from Accounts who appears to know very little about anything.

We can all rest in the knowledge that those causing the situation will not be affected, just whack the expenses harder?

[Dougy]

I posted on a recent topic, not sure which it was now, but i raised the point that companies will do any of 3 things. 

Stop recruiting and what they call streamline so staff will end up doing more jobs for the same money. 

Close down due to not making the profit due to higher running costs. 

and lastly reduce staff and pay increases. 

It seems i missed one, take the business out of the country to another country that will appreciate the revenue and employment it bring to the country.  

Why does it take a poor un educated cleaner to work this one out

[Dave-G]

4 hours ago, JohnfromUK said:

Another big investor pulls out. https://www.dailymail.co.uk/news/article-14347007/Fresh-blow-Rachel-Reeves-AstraZeneca-AXES-450m-investment-Merseyside-manufacturing-plant-blaming-Labour-government.html

From the column;

A spokesman for AstraZeneca said today: 'Following discussions with the current Government, we are no longer pursuing our planned investment in Speke.

'Several factors have influenced this decision including the timing and reduction of the final offer compared to the previous government's proposal.'

The decision by the UK's most valuable company is humiliating for Ms Reeves after she spent weeks boasting of her determination to grow the economy and bring in more investment.

Her October Budget - including a massive national insurance raid on firms - has been blamed for crushing activity.

The previous deal with AstraZeneca is believed to have included £70million in grants and £20million in research and development funding from the UK Health Security Agency.

So UK saves 90 Mill and we will still pay to buy the meds and some lose 'consultancy fees' and other backhanders.

[JohnfromUK]

16 minutes ago, Dave-G said:

So UK saves 90 Mill and we will still pay to buy the meds and some lose 'consultancy fees' and other backhanders.

If the UK wants this "Growth" which they keep on about - we MUST HAVE that sort of investment.  It provides jobs, pays wages, pays taxes, buys fuels, energy, sundries locally, probably exports 'products', and research etc. (it's a medicines provider) has future spin-offs.

Britain simply can't afford to miss out on these things.

[Dave-G]

3 minutes ago, JohnfromUK said:

If the UK wants this "Growth" which they keep on about - we MUST HAVE that sort of investment.  It provides jobs, pays wages, pays taxes, buys fuels, energy, sundries locally, probably exports 'products', and research etc. (it's a medicines provider) has future spin-offs.

Britain simply can't afford to miss out on these things.

More to it than I realised then - thanks.

[armsid]

And when we go bust how safe will our savings be?.When Cyprus got into trouble financially sometime ago the Gov. took money from everyones bank accounts    will it happen here?

[Agriv8]

So here is a question has Rachel from accounts made more of a mess than Kwartang or what ever his name was ?

Agriv8

[discobob]

20 minutes ago, armsid said:

And when we go bust how safe will our savings be?.When Cyprus got into trouble financially sometime ago the Gov. took money from everyones bank accounts    will it happen here?

Yep, remember that. I heard about one ex-pat, sold her villa and had money in the account in Cyprus while looking for somewhere else and lost nigh on all of it

[shaun4860]

Are we worried that Oowee still hasn’t posted?

All this so called investment that she prattles on about is going down south.

North has been abandoned again 🤔

[TIGHTCHOKE]

5 hours ago, shaun4860 said:

Are we worried that Oowee still hasn’t posted?

All this so called investment that she prattles on about is going down south.

North has been abandoned again 🤔

NOT worried at all, about Oowee.

We are going down the toilet as a country.

[old man]

7 hours ago, armsid said:

And when we go bust how safe will our savings be?.When Cyprus got into trouble financially sometime ago the Gov. took money from everyones bank accounts    will it happen here?

Sounds likely they have the ability?

[armsid]

How many times has Labour gone cap in hand to the IMF to bail us out due to their incompetence? I have a feeling that this is going to happen very soon

[TIGHTCHOKE]

5 minutes ago, armsid said:

How many times has Labour gone cap in hand to the IMF to bail us out due to their incompetence? I have a feeling that this is going to happen very soon

1976 after the cracking summer I think.