"the budgie" did a law degree in Glasgow, got a job with a law firm, they had to sack her (let her go) because she was taking her salary but following her own agenda re. SNP. nothing has changed she is following her own agenda which is not in the interest of Scotland .for directions go left of putin and mugabe
The end destination, as I understand, is a single government account; so in many ways it functions as a tax receipt. All deductions: 1. Tax, 2. NI, 3. Pension contribution, 4. employer's NI 5. Student loan 6. Employer's pension top up etc, unless the pension is private, go to an unfunded government account (no government pension is an investment it is a burden on tomorrow's tax payers). So in those sectors, 41% total tax is the minimum. The amount it costs to employ someone is much higher and thus the total 'real' deduction HMRC receives. It is a wonder graduates have jobs at all given this crippling overhang. But that is why pension ages are rising and robots are coming!
Nah, rebuild Hadrian's wall and get them to pay for it. Hang on, that sounds like a familiar idea...
Then invade and annex
I love your last paragraph, well said sir.
MaaS. The service provider will pay out. You don't need insurance in the way that a private car owner needed it.
The trial with back-up supervisors is not "gone commercial". It's an expensive R&D project. Also, PR, to cover denial - the industry is now trapped by its own rhetoric. Expect this to be like fusion - always 20 years off - or for driverless cars, they seem to have chosen 10 years off.
I see no mention of lottery funding in this article?
Jim Rickards article "The Case Against Gold" covered only three arguments against gold, which he dispatched fairly well.
However, he omitted several other cases against gold. Perhaps because they are NOT so easily dealt with?
Can we call this omission PROPAGANDA?
OMISSION 1: Central banks look quite likely to move from paper currency altogether... to digital blockchain-type money that everyone in an economy is constrained to use. i.e. Gold, silver, other metals NOT used as a money base!
OMISSION 2: Has Jim Rickards actually tried to use gold as money? Has he been into a store with grams of gold to buy food? Was the gold accepted as money?
OMISSION 3: When famines, earthquakes, storms, floods, and depleted soils end our current food surpluses. How long will Jim Rickards survive on a diet of gold? How much gold will he exchange for a loaf of bread when he's about to die of starvation?
It would be ethical of Jim Rickards to state that he's involved in the gold trading business, when he's OBVIOUSLY pushing gold investment.
MONEYWEEK is an interesting commentary on the comical and tragic economic environment we find ourselves in. However, material, financial gain and wealth preservation is NOT the purpose of life on earth!
The £15 billion deficit is purely notional as far as its zero actual effect on the Scottish government's finances, so regrettably there will be no political pressure on the SNP Government (as there should be) to slash the bloated £2+ billion a year budget of the police state, whose incompetent officers run amok under Sturgeon's nose, abusing the human rights of Scotland's scientists and innovators, with arrests and equipment seizures which obstruct the most vital contribution to growing Scotland's knowledge economy.
Scotland needs to grow its economy, not counter-productively grow the political prisoner population.
Scotland's economy will thrive with academic freedom and civil liberties but is now being crushed as the police state threatens to lock up our brightest and best educated as political prisoners.
I urge readers not to deny the truth about Nicola Sturgeon's police state. She means well but she has no grasp of the details of the abuses that the police state is getting away with under her nose.
According to the article, with a 40% gold backing, the corresponding gold price is $10,000. But then the article goes on to say that the price for a 100% backing, namely 2.5 times the rate of backing, with the same quantity of gold, is $50,000. You don't need a PhD in mathematics and a bank of supercomputers to see that 2.5 times $10,000 is $25,000---not $50,000.
Have to say, MW's customer service does leave a bit to be desired, and it's web site isn't great (very slow) Also, getting bored with the incessant 'pitches' to subscribe to ever more newletters, all of which seem to be depressingly similar. Moneyweek itself is good value and makes an interesting read. Lifetime Wealth is 'OK'. London Investment Alert and Tim Price's other missives are all the same and don't tell you much that's new (basically 'cockroach' over and over).Won't be renewing that. That of course assumjes I'm actually asked to confirm any renewals, as the current vogue seems to be to just bill what ever method you used to sign up in the first place (possibly 2 years previously) at an greatly increased rate without actually telling you in advance. Motley Fool just tried that and I suspect its now common practice.
Indeed. All the more reason that if there is another referendum on Scottish independence, we are ALL given a vote. The result would be a resounding 'leave'.
Gold will rise as governments (sovereign debt) fail, agree. But gold will rise with other assets too. Will those with gold suddenly get very rich and those without be destitute? That sounds like a spark for revolution to me given the few people holding gold. Gold is not readily convertible to cash for food, Amazon or my local shops won't take it. I don't disagree with gold rising to silly numbers, but what good is it if no one takes it, the currency does not exist anymore or every other asset has also risen in line? It is a temporary hedge against government, but I highly doubt it will ever form part of a currency base in percentage you describe.
But as an Englishman if Scotland were to leave then England would be richer, that's good news.
It's Nicola's fault.
My MW subscription number is 42820174. Your customer service person seems to have gone absent. I have sent 4 messages regarding subscription renewal via your "contact us" form. So far no response from MW in 7 days. Something is wrong, could you please check it out?
There are already post-quantum cryptographic libraries making their appearance, such as this one:
However if adoption rates of such cryptographic security are slow, early adopters of Quantum computing would be able to perform 'man-in-the-middle' attacks of all communications, compromising credentials and using them for malicious purposes. The race is certainly on, on both the engineering and cryptographic communities,
Maybe not directly, but it is a relevant comment on the possible direction of the UK economy - which has to be the biggest influence on any investing decision. Off topic maybe, but appalled by having to sit through 'Jimmy Krankie' on the sycophantic BBC 'One Show' yesterday on the pretence that is was relevant to the Edinburgh Festival. Then again, she's funnier than most fo the so-called (or should I now use the phrase 'self-styled'?) comendians - it's just that in her case the humour is not intended. And before you comment on my choice of TV viewing, its my 30 minute concession to 'er indoors'.
Much of the above has been explained repeatedly by both UK Inbound (an association of inbound tour operators and by ETOA (European Tour Operators Association).
Another highly relevant post on investing.
It would be interesting to know if these trusts can show
HMRC that they are 'businesses' then their 10 yearly IHT charges are actually
at zero%. If not a business, then where a trust holds property it actually
has the option to pay its IHT over 10 years, so effectively not 6% every ten
years but 0.6% every year, plus interest at 3% on the tax until paid, to the next 10 yearly charge; easily manageable out of rental cash flow with no detrimental effect to
the assets of the trusts I suspect.
Everyone is always worried about creating a race of supermen that will make us all obsolete. This isn't such a big deal, in my opinion, since modern society isn't based on who is stronger or smarter. Technology renders such attributes redundant. Much more valuable is to be charming or sociable since our society is still comprised of human beings.
The greater worry, is how much longer we are all going to live. I'm not going to give you the tired old argument of population explosion. That's been realised to be false. Or the argument about sustainability. Technology will probably solve that one. More interesting is the affect this change in human longevity will have on society in general.
When does the younger generation inherit this world? When do those who have acquired wealth and prosperity and now... extremely long life ever pass on their acquired privileges to those that follow? Granted this isn't a problem yet (or it is but not because of gene editing), but it speaks to the heart of this article; that's its ok to treat illnesses but not okay to enhance human beings. Well that favours the old over the young.
For those interested in the topic, it's worth listening to the "A Uterus is a Feature, not a Bug" podcast, by pando.com's CEO Sarah Lacy.
The problem with rail commuting is that it is very capital intensive for the operators. That train you are crammed into in the morning may be nearly empty for the rest of the day or even parked up at Clapham or wherever until it's needed again in the evening.
And of course it will be another nice little earner for the banks as they pick up their percentage on every transaction.
Banjaxed is probably the most appropriate. (OED definitition - Incapacitated)
I agree entirely. I was part of the official Remain campaign and will freely admit it was an abysmally run affair.
But the Brexit campaign was so full of untruths. Immigration - More than 50% came from outside the EU - so we could have halved immigration without having to negotiate at all with the EU.
The costs of membership equate to 0.5% Net of GDP. Compare this to the foreign aid budget of 0.7%.
Now consider that the farming subsidies and research grants from the EU will be lost. Our government has generously stated that they will make up the farming subsidies until 2020 - and then what? They also want to skew subsidies to the smaller farmers and freeze out the large ones - subsidising the inefficient at the expense of the efficient?
Our exports will improve; so the Brexiters say. Oh, so we have a problem with exporting in the EU? Odd isn't it that Germany, France and Italy (all committed EU members) all export more than we do and little Belgium only exports 6% less. Oh, and Germany sells more to the Commonwealth than we do.
When personal debt is also taken into account we are the most indebted nation in the world and our economic prosperity relies on people going shopping spending money they don't have.
There are many more points that I have already put to the Editor, but won't make this post overlong. I find it odd that when the overwhelming amount of informed opinion seems to agree that Remain is the sensible option, that this financial journal (as far as I know unique among financial publications) remains steadfastly Brexit. One might wonder if notice should be taken of their other opinions. Just as well they act as a digest of others views.
In conclusion it would seem that statistically the young, the better educated and the better off in general were Remainers. One might therefore ask if:
The old are jeopardising the young. If the ignorant are usurping the educated. The better off - in general the wealth creators - are being bypassed by the feckless.
A post script to this.. I was asked yesterday to participate in a discussion about whether job shares are one of the answers to this: if women can get back into work like this might they find that their wages fall less in the 12 years following the birth of their first child? This clearly works sometimes (http://www.telegraph.co.uk/women/work/how-two-women-became-ceos-through-job-sharing/) but I can't see it as a solution for many. After all if the reasons why women fall behind are down to less time in the work place, fewer hours done in total (so less experience gained) and so on.. what difference does a job share make? Isn't job sharing just a special phrase for part time work for professionals?
For goodness sake Merryn I think we get it now that you dislike the SNP and Nicola Sturgeon even more.
This gets a little tiresome, what on earth does it have to do with investing from the UK.
The Albrechts, like their Aldi stores, are renowned for their austere approach to life. Will their feuding tarnish the brand?
The post The Albrecht family feud tearing Aldi apart was first published on MoneyWeek.
A $2m dinner sounds extravagant. But it's actually better value than you might think.
The post A fair-value $2m dinner was first published on MoneyWeek.
This amazing wine is finer than anything I tasted in Istanbul, says Matthew Jukes.
The post A spectacular Turkish red was first published on MoneyWeek.
Plough up the gears and smash through hay bales in the Yamaha YXZ1000R SS.
The post This Yamaha is a mind-boggling off-roader was first published on MoneyWeek.
Harding believes that it is very difficult to beat the market through looking at fundamental factors, explains Matthew Partridge.
The post David Harding: the world’s greatest investors was first published on MoneyWeek.
Sarah Moore tips one great real-estate investment trust (Reit) to buy for those wanting to invest in property.
The post An easy way to buy Reits was first published on MoneyWeek.
Think of this investment trust as a way to co-invest alongside Lord Rothschild, says David C Stevenson.
The post Invest with the Rothschilds was first published on MoneyWeek.
The Older Women’s Co-Housing (OWCH) project is building a community to look out for one another – not after one another.
The post A novel way to beat loneliness in retirement was first published on MoneyWeek.
Ruth Jackson explains how to choose your student savings account, and why you shouldn't just go for the perks.
The post Students: choose your bank carefully was first published on MoneyWeek.
Why would you give up a gold-plated final-salary pension for an inferior money-purchase scheme, asks David Prosser.
The post Hang on to that final-salary scheme was first published on MoneyWeek.
Investment platform AJ Bell Youinvest has announced fee increases that could see some customers pay substantially more.
The post Popular fund platform hikes fees was first published on MoneyWeek.
One way to enhance diversification is by investing in an overseas currency. Professional investor Olly Russ tips three foreign-listed shares to buy now.
The post Investors should look abroad for income was first published on MoneyWeek.
Microgen is a London-based software company with offices around the world, listed on Aim. The firm’s shares have risen by more than 80% in the last year.
The post If only you’d invested in: Microgen was first published on MoneyWeek.
It wasn't enough for Hollywood actor Keanu Reeves to have the perfect motorbike. He had to have the company too.
The post Money makers: The bike that makes Keanu Reeves giggle was first published on MoneyWeek.
Britain outdid itself at the Olympics in Brazil thanks to the generous funding on offer. But was it really worth it, asks James Ferguson.
The post The true cost of Olympic success was first published on MoneyWeek.
From a converted chapel in Snowdonia with five-bedrooms and two one-bedroom holiday lets to a Grade II-listed cottage in woodland in Dorset.
The post Properties for around £400,000 was first published on MoneyWeek.
Central-bank intervention has pushed assets to artificially high prices legendary investor, Jim Rogers believes. That will come back to haunt investors.
The post Jim Rogers: beware the central banks was first published on MoneyWeek.
Do you become a better investor as you get older? Matthew Partridge investigates.
The post Why you should listen to the greybeards was first published on MoneyWeek.
MoneyWeek’s comprehensive guide to this week’s share tips from the UK's financial press.
The post Share tips of the week was first published on MoneyWeek.
A number of economists have made the case for why investors should shun gold. They are all dead wrong, says Jim Rickards.
The post Why the case against gold is wrong was first published on MoneyWeek.
Industrial gas giants Linde and Praxair are set for a $60bn merger – but regulators won’t give them an easy ride.
The post Vast gas deal in the pipeline for Linde and Praxair was first published on MoneyWeek.
The US cheese mountain has hit a 30-year high, with a billion pounds of excess cheese locked away in cold storage.
The post Chart of the week: America’s cheese glut was first published on MoneyWeek.
It’s a year since the Greek crisis was declared to be over. But rather than returning to health, the Greek economy has continued its downward spiral.
The post The Greek crisis has gone quiet – but the problems aren’t over was first published on MoneyWeek.
Chris Carter looks at three of the best places in the world to get your walking boots on.
The post Three trekking adventures was first published on MoneyWeek.
The US should be on the brink of a new recession if history is any guide. But we shouldn't be too quick jump to conclusions.
The post Is the US heading for a slump? was first published on MoneyWeek.
The sixth irruption is on the way. Chris Carter takes a look inside this week's MoneyWeek magazine to find out why investors need to take note.
The post This week in MoneyWeek: The sixth irruption is imminent was first published on MoneyWeek.
The industrial revolution paved the way for four further periods of major technological innovation. Now a new wave of change could transform the fortunes of prescient investors, says Nick O’Connor.
The post Are you ready for the sixth irruption in technological innovation? was first published on MoneyWeek.
Modern history can be divided into periods of globalisation and protectionism, says Merryn Somerset Webb. The latter have not been the good ones.
The post Fear the coming era of protectionism was first published on MoneyWeek.
The next generation of computers aren't just faster or simply better, says Andrew Lockley. They are like nothing you've ever seen before.
The post Quantum computing: the ultimate disruptor was first published on MoneyWeek.
The latest government expenditure and revenue statistics (GERS) paint a grim picture for Scotland, says Merryn Somerset Webb – and Nicola Sturgeon knows it.
The post Sorry Nicola Sturgeon, the revenue numbers do matter was first published on MoneyWeek.