The war - ouch!
- Thread starter Harry Bloomfield
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My investments lost about 25% of their value by Tuesday. I couldn't just short them because I would have incurred more in CGT and fees as the actual loss in value.
And the stock prices by the time the transactions were enacted on Monday morning on LSE, would have been a gamble, because everyone would have been at it.
And the stock prices by the time the transactions were enacted on Monday morning on LSE, would have been a gamble, because everyone would have been at it.
I get the impression 'arry was stung by a bee as he wrote the title of this thread.
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That might have motivated a tirade about swarms of foreign invaders.I get the impression 'arry was stung by a bee as he wrote the title of this thread.
I don't quite know what Octopus are thinking, but tomorrow's price of leccy, will be way back down.
Though the contribution of fossil fuels to our electricity supply in the UK has fallen from 73% in 2000 to 27% today, gas still sets the price to a greater extent than in almost any comparable country. In the UK, this happens 98% of the time, while the EU average is 39%. That’s because the backup power sources in much of the EU are not gas but hydroelectricity or nuclear. Better electricity storage would provide us with a cheaper, more secure and less volatile source of last resort. It’s one of the things the government, in the face of media fury, is developing.
The rest of us do pay green charges, but these account for a far smaller portion of the rise in our bills than the price of gas. The indispensable CarbonBrief estimates that “‘green levies’ and network charges account for just 6% and 20% of the rise in bills since before the energy crisis, respectively, against 53% due to wholesale prices driven by gas”. These charges enable investment in the transition to a carbon-free grid, resulting in much lower future bills. You might have imagined that people who obsess about money and not much else could spot the difference between current and capital spending. Apparently not.
Renewables are highly competitive and, for this reason, low-profit. Fossil fuels are uncompetitive and high profit. Media proprietors, like almost all billionaires and hectomillionaires, gain exceedingly by investing in them. If it is sometimes hard to tell the difference between fossil-fuel lobbyists and the billionaire press, this is because there isn’t one. For the sake of the ultra-rich, we are all being gaslit.
George Monbiot @ the Guardian
The rest of us do pay green charges, but these account for a far smaller portion of the rise in our bills than the price of gas. The indispensable CarbonBrief estimates that “‘green levies’ and network charges account for just 6% and 20% of the rise in bills since before the energy crisis, respectively, against 53% due to wholesale prices driven by gas”. These charges enable investment in the transition to a carbon-free grid, resulting in much lower future bills. You might have imagined that people who obsess about money and not much else could spot the difference between current and capital spending. Apparently not.
Renewables are highly competitive and, for this reason, low-profit. Fossil fuels are uncompetitive and high profit. Media proprietors, like almost all billionaires and hectomillionaires, gain exceedingly by investing in them. If it is sometimes hard to tell the difference between fossil-fuel lobbyists and the billionaire press, this is because there isn’t one. For the sake of the ultra-rich, we are all being gaslit.
George Monbiot @ the Guardian
