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How’s Rachael from accounts getting on…..

"The last two years have been really quite stressful trying to run a business,"

Lol...
 
Going against their pledge to tackle non-doms, as per post #117, is one of their worst moves yet in my opinion, and there are plenty to choose from!

To quote:

Reeves told an event hosted by the Wall Street Journal: "We have been listening to the concerns that have been raised by the non-dom community."

You couldn't make it up sometimes.
 
DIYNotIan said:
To quote:

Reeves told an event hosted by the Wall Street Journal: "We have been listening to the concerns that have been raised by the non-dom community."

You couldn't make it up sometimes.
Click to expand...

The sign of things to come ?

U turns
 
U-turns are good, hopefully they will spin round and round until we vote in some grown ups.

The non-dom announcement is just a trap to get people to move wealth to the UK and then lock it here. Nobody will bite
 
2 non-doms I know are highly mobile. One a bank guy has the pick of here, SIngapore HK, France (that I know of), the other (Advertising) here, USA, Australia. They take their income wherever is most advantageous, ditto spending/schooling. No benefit to uk to make things difficult afaik.

--

Increasing exports would be good for growth, sure, but silly announcements about AI won't do it. We produce about nothing of that or other high tech here, which I illustrated but a lefty labour-apologist forum admin removed because it showed Kier up. The US has announced a $500bn AI project they're calling Stargate. That's orders of magnitude larger than anything we could do there.
We could do something in niche areas but we aren't good at much, amd what resources we have , we keep selling off..

If you had say a couple of £billion to use here, would you make something to export? You'd do a lot better investing in forex, or US companies. In round numbers, after 1 year, you'd have £4 billion on the companies. A lot more on forex and arbirage, like the carry trade. You borrow money where it's cheap, say Japan at under 1%, then avoid a regulation eg by bouncing it in Mexico so you can buy US stocks with every cent you can borrow. (If you want to know where to invest it, look at Nancy Pelosi's portfolio. It'll be someone else now. )
That's why there's >£10 trillion traded on the forex market, every day. It's not people going on holiday.
Normal pro forex traders use leverage, typically 300 to 1. It might be different if you want to trade a couple of billion, I don't know. USD/GBP has moved predictably in one direction for the last 10 days, it's down 3%.
3% at 300:1 is ~9x. I only get 30:1 so that's only doubling it, in 10 days. You would use an AI bot to do it for you of course. They're getting very good. I doubled the relatively small amount I invested on Friday, unremarkably ( but slightly unusually on one stock (RGTI at 5x) as reported in that other thread..) , so I don't use Forex much.

People don't realise, you don't need to get growth by doing anything useful, you just trade money.
 
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More flatlining rather than recession surely
 
blup said:
More flatlining rather than recession surely
Click to expand...
The downturn is being slightly masked by government spending. She's relying on income that is unlikely to arrive, the worry among business, is she will be back for more.
 
Justin Passing said:
We produce about nothing of that or other high tech here
Click to expand...
U.K. is the third largest AI market after USA and China

“Still, the speed of the shift has taken some tech pros by surprise. Microsoft-co-owned OpenAI (which in turn owns ChatGPT) just announced that its first international office will be based in London, where Google DeepMind is already located. The city is now home to the two firms that own the lion’s share of the market. “The UK could well become one of the prominent world capitals for AI technology and talent,” says Vinay Menon, Korn Ferry senior client partner and global lead of its AI practice.”
www.kornferry.com

AI: Is Britain Taking Center Stage?

The UK has quietly become a major global player in artificial intelligence. How long can the window of opportunity last?
www.kornferry.com www.kornferry.com


U.K. is also a leader in Fintech: Ranked 2nd in the world with 30 fintech unicorns as of 2024,
 
An example of "just because it's on the internet, doesn't mean it's true".
The publisher of that, Korn Ferry are indeed experts, but
at running golf tournaments.

Notch7 said:
U.K. is the third largest AI market after USA and China
Click to expand...
Consumers.
We use some, and we have a white paper. Jolly good.
Even Boris had a roundabout.
FIntech? "The UK fintech sector has experienced phenomenal growth over the past decade, with companies like Revolut, Monzo, Wise, Starling Bank, OakNorth, Funding Circle, and Atom Bank leading the charge. ". I don't see any of those taking the world by storm. We've always done financial systems, sure.

We have some companies using eg the US equipment AI machines, some at least via the cloud. Anyone can use it.
I posted previously on how small the UK's tech industry is, but John removed it. I think I took a copy first, dunno.
We do some medical gear and the like, I was slightly involved in a project at UCL for AI analysing hepatic MRI scans for tumours.
That and others may become niche ventures here and there, but the deal is, you get yourself some experience, then you can get some multiple of the pay in the USA so Oscar you Foxtrot over there.

So what does that article boil down to?
What do we produce and sell?
WHat does it earn for the UK, from abroad?

When I go to hospital for some sort of investigation I ask what British equipment they use, among all the Siemens and Philips etc, stuff. Germany , France and Holland (Philips) , the USA and the Far East are way ahead of us. One chap thought hard and looked at his scissors - Pakistan. I use a breathing machine. Australian and NZ made.
If you look at the so called UK "Tech" companies, most of them are software, and all but a few at the top are minnows. Accounting software, like from Sage, isn't what I meant .

I have Mole grips, Newport, Monmouth. But my US and Swedish made ones are better.
WHo makes your car mechanic's tools? Surely the UK can still make spanners? Well, Snap-On(Canada/USA), Teng(Sweden), DeWalt, Wera, Bahco, Stahlwille,.....
There's a high-price driven infatuation with Milwaukee, but in the US they're very ordinary.
Sealey are British but don't make anything themselves, afaik.
 
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