31–40 of 86 posts
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Eh, for most people it's simpler to just use a cash ISA which can provide almost the same rates. Most people don't want or need to carry a huge cash float as opposed to other kinds of investment.
Well, yes, but after maximizing an ISA that's still an option. Also the government is clamping down on cash ISA.
Potentially, the raising interest rates because investors don’t trust the long term stability of the UK economic system (more spending on pro-war activities, sluggish economic growth, and higher than expected government borrowing) will crash their financial system. I hope I don’t sound too selfish but I am a USA citizen, and I would rather worry about my own country’s medium-term financial future.
The UK's financial system made it out battered but bruised in the 70s which were a magnitude worse than what we have right now (double digit unemployment, inflation double digit, interest rates at like 15%, an IMF bailout...). Any talk of the British financial system collapsing is as realistic as the S&P500 dropping 50% in the near future: sure it can happen but the chances are so statistically small you have a bette…
You might be right that near-term disaster is unlikely, but comparing to a lottery win is ridiculous. Orders of magnitude off.
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There really isn't a lot of slack in the welfare system unless you're prepared to be very short sighted and go back to "tent city" levels of homelessness. Which is partly why all previous attempts to cut it have failed. Maybe declaring certain areas of high rent off-limits for housing benefit, but then you have to raise the salaries of NHS staff and teachers living in London so they can afford to work there. Maybe if…
Yeah but the VAT on school fees meant a load of those children had to go to state schools so we ended up paying for it anyway.
I spent the entire day yesterday trying to set up some automated monitoring of my investments, only to discover most UK market information is locked behind stupid-money APIs. Anything that improves that situation is a positive.
Think about it: shouldn't the market be funded by charging fees to the extremely wealthy participants? The alternative is that it's taxpayer funded, which is a tax subsidy to extremely wealthy participants.
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What is he going to do without the bond markets - the UK is in so much debt we basically need to jump however high they tell us to, unless he plans to default which would destroy the global financial system and destroy the UK for decades. The only way I can see out of this is to absolutely frack the crap out of the UK and push for more North Sea oil drilling. But we definitely won't do that so maybe we'll try a bit o…
The irony is the top three tax havens are overseas territories of the UK and subject to legislation which should curtail their tax-haven status but which the UK is unwilling to enforce https://taxjustice.uk/blog/worlds-top-tax-havens-are-british...
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Burnham being PM is already pretty well priced in. When he walked back comments a few weeks ago they corrected and my sense is that the market understands that unless there until actual laws or budgets are promulgated, what is said by Burnham isn't really market moving.
How do they know what he will do to the economy before even he does? That's impressive I wasn't referring to his becoming PM but what he does during the premiership, you know, the more important part
I spent the entire day yesterday trying to set up some automated monitoring of my investments, only to discover most UK market information is locked behind stupid-money APIs. Anything that improves that situation is a positive.
That's normal in markets and it even makes sense. Think about it: shouldn't the market be funded by charging fees to the extremely wealthy participants? The alternative is that it's taxpayer funded, which is a tax subsidy to extremely wealthy participants.
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>I hope I don’t sound too selfish but I am a USA citizen The rest of the world is getting tired of worrying about the US's economical situation, whether it the dotcom bubble, the sub-primes, or now the potential AI bubble. So apologies for being blunt here, but yes it does sound selfish to me
Yes, I do sound like a jerk. Difficult though to not worry about local bullshit a lot more than other country’s bullshit. While I care for every person on our planet, I spend more time thinking about the future of my children and grandchildren.
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What is he going to do without the bond markets - the UK is in so much debt we basically need to jump however high they tell us to, unless he plans to default which would destroy the global financial system and destroy the UK for decades. The only way I can see out of this is to absolutely frack the crap out of the UK and push for more North Sea oil drilling. But we definitely won't do that so maybe we'll try a bit o…
I just feel like no matter what any government does the ultra rich will find a way to get around it. Look at the US gulf south: they are in a race to the bottom when it comes to tax breaks and just giving everything away to businesses/high income earners, yet they are poorer than ever. Texas and Florida are the exceptions here to a certain degree but they are also massive states with lots already going for them. Thei…
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That's normal in markets and it even makes sense. Think about it: shouldn't the market be funded by charging fees to the extremely wealthy participants? The alternative is that it's taxpayer funded, which is a tax subsidy to extremely wealthy participants.
Seems like a bit of a false dichotomy- other alternatives are regulatory requirements or taxes that force or allow the api to be provisioned