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Good news and Bad news
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By *irldn OP Couple
over a year ago
Brighton |
First the good news...
BMW will announce plans to build its next-generation electric Mini in Oxford after securing a Government funding package.
The German-headquartered manufacturer’s £600m investment to transform its existing plant will secure 4,000 high-quality jobs, according to ministers.
Government sources declined to set out the level of taxpayer support being offered to BMW, but did not dispute the previously reported figure of £75m.
And now the (unrelated) bad news...
LONDON — The Bank of England's rapid pace of bond sales is creating a "selling gold at the bottom" moment for investors, according to Christopher Mahon, head of dynamic real return at Columbia Threadneedle.
In the aftermath of the 2008 financial crisis, the central bank spent 13 years buying up £895 billion ($1.12 trillion) of U.K. government bonds — known as gilts — while interest rates were historically low.
Now, despite the fact that the value of gilts has fallen dramatically since then, the central bank is unwinding those holdings, and fast.
Among all the central banks, the Bank of England has been the most aggressive in selling the bonds purchased to bolster the economy during the quantitative easing era, according to Mahon.
The BOE is crystallizing massive losses as a result of the sales, which are being backstopped by the U.K. Treasury. In late July, the central bank estimated that it would require the Treasury to indemnify £150 billion ($189 billion) of losses on its asset purchase facility (APF). |
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By *irldn OP Couple
over a year ago
Brighton |
Also, the U.S.A, India, Saudi Arabia, UAE, France, Germany, Italy and EU finalised a historic agreement for a new India-Middle East-Europe Economic Corridor.
The UK is not part of this. Is that a good or bad thing?
|
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"Also, the U.S.A, India, Saudi Arabia, UAE, France, Germany, Italy and EU finalised a historic agreement for a new India-Middle East-Europe Economic Corridor.
The UK is not part of this. Is that a good or bad thing?
"
It looks like we are in the same club as Russia and China not allowed or it is looked down on to trade with.  |
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By *ercuryMan
over a year ago
Grantham |
"Also, the U.S.A, India, Saudi Arabia, UAE, France, Germany, Italy and EU finalised a historic agreement for a new India-Middle East-Europe Economic Corridor.
The UK is not part of this. Is that a good or bad thing?
"
Best we concentrate on getting HS2 finished, before we start paying to upgrade Indian railways and ports. |
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By (user no longer on site)
over a year ago
|
Agenda 21 what to expect for the next 20/30 years.
Countries are choosing sides and alliances.
Funny how it's coming out now on the anniversary of 9/11.
Another major shift is occurring. |
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"Government sources declined to set out the level of taxpayer support being offered to BMW, but did not dispute the previously reported figure of £75m."
More "Corporate Welfare", courtesy of the taxpayer.
The sums spent on "Corporate Scroungers" are truly staggering.
Corporate Welfare Watch (Google It) reveals just some scale of this bamboozlement. |
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"Government sources declined to set out the level of taxpayer support being offered to BMW, but did not dispute the previously reported figure of £75m."
"More "Corporate Welfare", courtesy of the taxpayer.
The sums spent on "Corporate Scroungers" are truly staggering.
Corporate Welfare Watch (Google It) reveals just some scale of this bamboozlement."
Would you prefer the government to have kept their £75m, and BMW close the plant, putting 4000 people onto unemployment benefits? |
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By *irldn OP Couple
over a year ago
Brighton |
"Agenda 21 what to expect for the next 20/30 years.
Countries are choosing sides and alliances.
Funny how it's coming out now on the anniversary of 9/11.
Another major shift is occurring."
It was announced over the weekend. I posted it here today. Not sure there is a connection to 9/11? |
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By (user no longer on site)
over a year ago
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"Agenda 21 what to expect for the next 20/30 years.
Countries are choosing sides and alliances.
Funny how it's coming out now on the anniversary of 9/11.
Another major shift is occurring.
It was announced over the weekend. I posted it here today. Not sure there is a connection to 9/11?"
9/11, the banking crashes. Funding terrorists. |
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By *irldn OP Couple
over a year ago
Brighton |
"Agenda 21 what to expect for the next 20/30 years.
Countries are choosing sides and alliances.
Funny how it's coming out now on the anniversary of 9/11.
Another major shift is occurring.
It was announced over the weekend. I posted it here today. Not sure there is a connection to 9/11?
9/11, the banking crashes. Funding terrorists."
Still not seeing your point. How does a trade deal between key players tie in with what you are saying? |
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By (user no longer on site)
over a year ago
|
"Agenda 21 what to expect for the next 20/30 years.
Countries are choosing sides and alliances.
Funny how it's coming out now on the anniversary of 9/11.
Another major shift is occurring.
It was announced over the weekend. I posted it here today. Not sure there is a connection to 9/11?
9/11, the banking crashes. Funding terrorists.
Still not seeing your point. How does a trade deal between key players tie in with what you are saying?"
Are you ready for digital currency. Look and see what is happening in India. |
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"Also, the U.S.A, India, Saudi Arabia, UAE, France, Germany, Italy and EU finalised a historic agreement for a new India-Middle East-Europe Economic Corridor.
The UK is not part of this. Is that a good or bad thing?
"
First- Brilliant
Second - Dreadful but this is the BoE 
Third - a little confusing. A MoU was signed but no one has committed financially. Why are USA sticking their ore in, and why would the UK? |
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By *irldn OP Couple
over a year ago
Brighton |
"Agenda 21 what to expect for the next 20/30 years.
Countries are choosing sides and alliances.
Funny how it's coming out now on the anniversary of 9/11.
Another major shift is occurring.
It was announced over the weekend. I posted it here today. Not sure there is a connection to 9/11?
9/11, the banking crashes. Funding terrorists.
Still not seeing your point. How does a trade deal between key players tie in with what you are saying?
Are you ready for digital currency. Look and see what is happening in India."
You’re going to have to explain more the connection between your points and the OPs? I know about the theories behind Agenda 21 and the “Great Reset” etc etc but what is the connection to BMW, Bank of England gilts, and this Trade Agreement involving the countries listed? |
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By *irldn OP Couple
over a year ago
Brighton |
"Also, the U.S.A, India, Saudi Arabia, UAE, France, Germany, Italy and EU finalised a historic agreement for a new India-Middle East-Europe Economic Corridor.
The UK is not part of this. Is that a good or bad thing?
First- Brilliant
Second - Dreadful but this is the BoE
Third - a little confusing. A MoU was signed but no one has committed financially. Why are USA sticking their ore in, and why would the UK?"
No idea, which is why I asked. The POTUS has made an announcement like this is a big deal. The UK appears conspicuous by its absence but is it, I don’t know? |
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"Also, the U.S.A, India, Saudi Arabia, UAE, France, Germany, Italy and EU finalised a historic agreement for a new India-Middle East-Europe Economic Corridor.
The UK is not part of this. Is that a good or bad thing?
First- Brilliant
Second - Dreadful but this is the BoE
Third - a little confusing. A MoU was signed but no one has committed financially. Why are USA sticking their ore in, and why would the UK?
No idea, which is why I asked. The POTUS has made an announcement like this is a big deal. The UK appears conspicuous by its absence but is it, I don’t know?"
It just doesn't make any sense to me. It's not in the UK or USA. I'll admit to not knowing much sbout it though |
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By (user no longer on site)
over a year ago
|
"Also, the U.S.A, India, Saudi Arabia, UAE, France, Germany, Italy and EU finalised a historic agreement for a new India-Middle East-Europe Economic Corridor.
The UK is not part of this. Is that a good or bad thing?
Best we concentrate on getting HS2 finished, before we start paying to upgrade Indian railways and ports."
Its actually Japan who are paying to provide India with its high speed rail project. Well providing loans and technical knowledge.
India has 15 high speed train link projects linking most of the country. |
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By *ercuryMan
over a year ago
Grantham |
"Also, the U.S.A, India, Saudi Arabia, UAE, France, Germany, Italy and EU finalised a historic agreement for a new India-Middle East-Europe Economic Corridor.
The UK is not part of this. Is that a good or bad thing?
Best we concentrate on getting HS2 finished, before we start paying to upgrade Indian railways and ports.
Its actually Japan who are paying to provide India with its high speed rail project. Well providing loans and technical knowledge.
India has 15 high speed train link projects linking most of the country."
The high speed network in India, isn't part of this MoU.
It's envisaged to upgrade rail and port facilities at Mumbai. Goods will be then sent by sea to Dubai, then onwards by a new rail line to Haifa in Israel, then ship to Piraues in Greece, then rail into Europe.
It's very, very ambitious and requires Saudi Arabia to recognise Israel for it to work.
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By (user no longer on site)
over a year ago
|
"Also, the U.S.A, India, Saudi Arabia, UAE, France, Germany, Italy and EU finalised a historic agreement for a new India-Middle East-Europe Economic Corridor.
The UK is not part of this. Is that a good or bad thing?
Best we concentrate on getting HS2 finished, before we start paying to upgrade Indian railways and ports.
Its actually Japan who are paying to provide India with its high speed rail project. Well providing loans and technical knowledge.
India has 15 high speed train link projects linking most of the country.
The high speed network in India, isn't part of this MoU.
It's envisaged to upgrade rail and port facilities at Mumbai. Goods will be then sent by sea to Dubai, then onwards by a new rail line to Haifa in Israel, then ship to Piraues in Greece, then rail into Europe.
It's very, very ambitious and requires Saudi Arabia to recognise Israel for it to work.
"
My post was in reply to your post about us paying for upgrading India's ports and railways. Not on the corridor. |
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By (user no longer on site)
over a year ago
|
"Also, the U.S.A, India, Saudi Arabia, UAE, France, Germany, Italy and EU finalised a historic agreement for a new India-Middle East-Europe Economic Corridor.
The UK is not part of this. Is that a good or bad thing?
Best we concentrate on getting HS2 finished, before we start paying to upgrade Indian railways and ports.
Its actually Japan who are paying to provide India with its high speed rail project. Well providing loans and technical knowledge.
India has 15 high speed train link projects linking most of the country.
The high speed network in India, isn't part of this MoU.
It's envisaged to upgrade rail and port facilities at Mumbai. Goods will be then sent by sea to Dubai, then onwards by a new rail line to Haifa in Israel, then ship to Piraues in Greece, then rail into Europe.
It's very, very ambitious and requires Saudi Arabia to recognise Israel for it to work.
"
Have you been watching the building of the Mirror Town in Saudi and the building in Dubai.
Stunning engineering ?? |
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By *irldn OP Couple
over a year ago
Brighton |
"Also, the U.S.A, India, Saudi Arabia, UAE, France, Germany, Italy and EU finalised a historic agreement for a new India-Middle East-Europe Economic Corridor.
The UK is not part of this. Is that a good or bad thing?
Best we concentrate on getting HS2 finished, before we start paying to upgrade Indian railways and ports.
Its actually Japan who are paying to provide India with its high speed rail project. Well providing loans and technical knowledge.
India has 15 high speed train link projects linking most of the country.
The high speed network in India, isn't part of this MoU.
It's envisaged to upgrade rail and port facilities at Mumbai. Goods will be then sent by sea to Dubai, then onwards by a new rail line to Haifa in Israel, then ship to Piraues in Greece, then rail into Europe.
It's very, very ambitious and requires Saudi Arabia to recognise Israel for it to work.
Have you been watching the building of the Mirror Town in Saudi and the building in Dubai.
Stunning engineering ?? "
Can you answer my earlier question please...
“You’re going to have to explain more the connection between your points and the OPs? I know about the theories behind Agenda 21 and the “Great Reset” etc etc but what is the connection to BMW, Bank of England gilts, and this Trade Agreement involving the countries listed?“ |
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By *eroy1000Man
over a year ago
milton keynes |
"First the good news...
BMW will announce plans to build its next-generation electric Mini in Oxford after securing a Government funding package.
The German-headquartered manufacturer’s £600m investment to transform its existing plant will secure 4,000 high-quality jobs, according to ministers.
Government sources declined to set out the level of taxpayer support being offered to BMW, but did not dispute the previously reported figure of £75m.
And now the (unrelated) bad news...
LONDON — The Bank of England's rapid pace of bond sales is creating a "selling gold at the bottom" moment for investors, according to Christopher Mahon, head of dynamic real return at Columbia Threadneedle.
In the aftermath of the 2008 financial crisis, the central bank spent 13 years buying up £895 billion ($1.12 trillion) of U.K. government bonds — known as gilts — while interest rates were historically low.
Now, despite the fact that the value of gilts has fallen dramatically since then, the central bank is unwinding those holdings, and fast.
Among all the central banks, the Bank of England has been the most aggressive in selling the bonds purchased to bolster the economy during the quantitative easing era, according to Mahon.
The BOE is crystallizing massive losses as a result of the sales, which are being backstopped by the U.K. Treasury. In late July, the central bank estimated that it would require the Treasury to indemnify £150 billion ($189 billion) of losses on its asset purchase facility (APF)."
Excellent news on the BMW investment. Seems to be a bit of a trend lately. Not so long ago on here a former poster (not seen him post for ages now) was saying that there is not much reason for companies to invest in the UK especially when it comes to the auto sector and battery plants. He also said that central government incentives were ok but the UK could not compete with incentives offered in the EU. Since then several big investments have happened and he is silent. For the bad news I thought the on going wilko story was going to be it. |
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"Also, the U.S.A, India, Saudi Arabia, UAE, France, Germany, Italy and EU finalised a historic agreement for a new India-Middle East-Europe Economic Corridor.
The UK is not part of this. Is that a good or bad thing?
"
.the uk doesn't need to be a part of it. |
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By *irldn OP Couple
over a year ago
Brighton |
"Also, the U.S.A, India, Saudi Arabia, UAE, France, Germany, Italy and EU finalised a historic agreement for a new India-Middle East-Europe Economic Corridor.
The UK is not part of this. Is that a good or bad thing?
.the uk doesn't need to be a part of it."
Why? |
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By *otMe66Man
over a year ago
Terra Firma |
"Also, the U.S.A, India, Saudi Arabia, UAE, France, Germany, Italy and EU finalised a historic agreement for a new India-Middle East-Europe Economic Corridor.
The UK is not part of this. Is that a good or bad thing?
.the uk doesn't need to be a part of it.
Why?"
How would we benefit from such an infrastructure project? |
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By (user no longer on site)
over a year ago
|
"In other news. Uk leapfrogs France to become 8th largest manufacturer in the world.
Not bad for a service based economy."
is that based on the pre or post deflator adjustments do you know ? It's all in USD so I can't tie back to ONS. |
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"Also, the U.S.A, India, Saudi Arabia, UAE, France, Germany, Italy and EU finalised a historic agreement for a new India-Middle East-Europe Economic Corridor.
The UK is not part of this. Is that a good or bad thing?"
"How would we benefit from such an infrastructure project?"
The UK is (hopefully) on the way to striking a trade deal with India. Improved rail and sea links would make shipping goods faster and cheaper.
But the UK will get that benefit whether or not we join the club. I'm guessing that India isn't carrying the whole burden, and that other nations will be contributing. If that's the case, the UK is better off not being part of the club. That way we get the benefits without having to pay for any of it. |
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By *irldn OP Couple
over a year ago
Brighton |
"Also, the U.S.A, India, Saudi Arabia, UAE, France, Germany, Italy and EU finalised a historic agreement for a new India-Middle East-Europe Economic Corridor.
The UK is not part of this. Is that a good or bad thing?
How would we benefit from such an infrastructure project?
The UK is (hopefully) on the way to striking a trade deal with India. Improved rail and sea links would make shipping goods faster and cheaper.
But the UK will get that benefit whether or not we join the club. I'm guessing that India isn't carrying the whole burden, and that other nations will be contributing. If that's the case, the UK is better off not being part of the club. That way we get the benefits without having to pay for any of it."
Makes sense thanks. |
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By *ercuryMan
over a year ago
Grantham |
"In other news. Uk leapfrogs France to become 8th largest manufacturer in the world.
Not bad for a service based economy."
Leading investment bank, BNP Paribas, is advising investors to move their money from euro zone stocks into UK stocks, as they see them as a better option.
They see that our economy will fare better than the eurozone next year.
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By (user no longer on site)
over a year ago
|
"In other news. Uk leapfrogs France to become 8th largest manufacturer in the world.
Not bad for a service based economy.
Leading investment bank, BNP Paribas, is advising investors to move their money from euro zone stocks into UK stocks, as they see them as a better option.
They see that our economy will fare better than the eurozone next year.
"
the cynic in me says investment banks always recommend a trade rather than a hold. |
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"Would you prefer the government to have kept their £75m, and BMW close the plant, putting 4000 people onto unemployment benefits?"
Yes. I would actually.
When corporations get special handouts from the government, we have to pay more in taxes to make up for these hidden tax breaks, subsidies, and loopholes.
Because when companies get special handouts from the government, the taxpayer foots the bill.
Here's the kicker, if it was ALL companies that received government handouts, it might be a different story.
But it is not.
Whilst a US example, In 2013, the state of Washington approved a record $8.7 billion handout to Boeing in order “to maintain and grow its workforce within the state.“ What did Boeing do? In the following years, it laid off more than 12,000 workers in the state. You can be certain the same happens here, and everywhere else for that matter.
Continuing with the US, but also applicable here, Trump and the Republicans will rail against "welfare programs". Programs to provide healthcare or safety nets to ordinary Americans.
When was the last time you heard Trump, the Republicans, or any of our own politicians complaining about the amount of welfare that goes to corporations ?
How do corporations get this (taxpayers) money ? Lobbying.
An even more insidious example of corporate welfare occurs when corporations don't pay their workers a living wage. As a result, those workers often have to rely on programs like Medicaid, public housing, food stamps, and other safety nets.
Which means you and I and other taxpayers end up subsidizing these low wages so those corporations can enjoy even higher profits for their executives and wealthy investors.
Subsidising a business with taxpayer's money to make it viable is not a viable business plan. It means it cannot function unless it has "life-support" right from the get go. But it's ok, it's only tax payers money.
It's also anti-competitive to other organisations who don't get the "handout".
So it distorts the market and you don't have a self-balancing capitalistic market. You have a corporate welfare system underpinned by the taxpayer.
The papers and media would have you believe the benefits cheats and scroungers are the real villains.
Not by a long shot. Nowhere even close to the corporate maleficence that goes on and people turn a blind eye.
"But it creates jobs"
"Ask ex-Boeing employees how that turned out..." |
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By *otMe66Man
over a year ago
Terra Firma |
"Would you prefer the government to have kept their £75m, and BMW close the plant, putting 4000 people onto unemployment benefits?
Yes. I would actually.
When corporations get special handouts from the government, we have to pay more in taxes to make up for these hidden tax breaks, subsidies, and loopholes.
Because when companies get special handouts from the government, the taxpayer foots the bill.
Here's the kicker, if it was ALL companies that received government handouts, it might be a different story.
But it is not.
Whilst a US example, In 2013, the state of Washington approved a record $8.7 billion handout to Boeing in order “to maintain and grow its workforce within the state.“ What did Boeing do? In the following years, it laid off more than 12,000 workers in the state. You can be certain the same happens here, and everywhere else for that matter.
Continuing with the US, but also applicable here, Trump and the Republicans will rail against "welfare programs". Programs to provide healthcare or safety nets to ordinary Americans.
When was the last time you heard Trump, the Republicans, or any of our own politicians complaining about the amount of welfare that goes to corporations ?
How do corporations get this (taxpayers) money ? Lobbying.
An even more insidious example of corporate welfare occurs when corporations don't pay their workers a living wage. As a result, those workers often have to rely on programs like Medicaid, public housing, food stamps, and other safety nets.
Which means you and I and other taxpayers end up subsidizing these low wages so those corporations can enjoy even higher profits for their executives and wealthy investors.
Subsidising a business with taxpayer's money to make it viable is not a viable business plan. It means it cannot function unless it has "life-support" right from the get go. But it's ok, it's only tax payers money.
It's also anti-competitive to other organisations who don't get the "handout".
So it distorts the market and you don't have a self-balancing capitalistic market. You have a corporate welfare system underpinned by the taxpayer.
The papers and media would have you believe the benefits cheats and scroungers are the real villains.
Not by a long shot. Nowhere even close to the corporate maleficence that goes on and people turn a blind eye.
"But it creates jobs"
"Ask ex-Boeing employees how that turned out...""
Do you know how much tax and how many taxes 4000 skilled workers produce a year, how much cash they pump into the local economy that supports local businesses? |
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"In other news. Uk leapfrogs France to become 8th largest manufacturer in the world.
Not bad for a service based economy.is that based on the pre or post deflator adjustments do you know ? It's all in USD so I can't tie back to ONS. "
Delfators are in domestic curew cycle as that's how inflation is calculated.
But this will be on dollar exchange rates and inflation will have no baring as it will be the overall cost regardless. |
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"Also, the U.S.A, India, Saudi Arabia, UAE, France, Germany, Italy and EU finalised a historic agreement for a new India-Middle East-Europe Economic Corridor.
The UK is not part of this. Is that a good or bad thing?
.the uk doesn't need to be a part of it.
Why?"
We have pretty begun our own energy security and subwater interconnectors.
We are a island and not on the continent.
Anything that would come to use would come direct to our ports. Or to Rotherham then onto the uk. Typically via road.
This seems mainly a rail project to rival china's connection to Europe.
I assume it will mean they intend to like chine build connecting railways for carriages with different rail gauge sizes to make trade flow smoothly.
The yiwu/London line.
Should the uk wish to benefit
You would still need to to go via the eurotunnel.
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By *irldn OP Couple
over a year ago
Brighton |
"Also, the U.S.A, India, Saudi Arabia, UAE, France, Germany, Italy and EU finalised a historic agreement for a new India-Middle East-Europe Economic Corridor.
The UK is not part of this. Is that a good or bad thing?
.the uk doesn't need to be a part of it.
Why?
We have pretty begun our own energy security and subwater interconnectors.
We are a island and not on the continent.
Anything that would come to use would come direct to our ports. Or to Rotherham then onto the uk. Typically via road.
This seems mainly a rail project to rival china's connection to Europe.
I assume it will mean they intend to like chine build connecting railways for carriages with different rail gauge sizes to make trade flow smoothly.
The yiwu/London line.
Should the uk wish to benefit
You would still need to to go via the eurotunnel.
"
 |
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By *eroy1000Man
over a year ago
milton keynes |
"In other news. Uk leapfrogs France to become 8th largest manufacturer in the world.
Not bad for a service based economy.
Leading investment bank, BNP Paribas, is advising investors to move their money from euro zone stocks into UK stocks, as they see them as a better option.
They see that our economy will fare better than the eurozone next year.
"
I caught a bit of that story too and was quite surprised given that we are sometimes told the UK is a busted flush these days. Not been a good week for macron. Maybe he needs to take inspiration from his national rugby team who are 're installing some pride for them. |
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By (user no longer on site)
over a year ago
|
"In other news. Uk leapfrogs France to become 8th largest manufacturer in the world.
Not bad for a service based economy.is that based on the pre or post deflator adjustments do you know ? It's all in USD so I can't tie back to ONS.
Delfators are in domestic curew cycle as that's how inflation is calculated.
But this will be on dollar exchange rates and inflation will have no baring as it will be the overall cost regardless."
are you saying the USD value will have been the same if they used the old numbers or the revised numbers ? Surely not? |
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"First the good news...
BMW will announce plans to build its next-generation electric Mini in Oxford after securing a Government funding package.
The German-headquartered manufacturer’s £600m investment to transform its existing plant will secure 4,000 high-quality jobs, according to ministers.
Government sources declined to set out the level of taxpayer support being offered to BMW, but did not dispute the previously reported figure of £75m.
And now the (unrelated) bad news...
LONDON — The Bank of England's rapid pace of bond sales is creating a "selling gold at the bottom" moment for investors, according to Christopher Mahon, head of dynamic real return at Columbia Threadneedle.
In the aftermath of the 2008 financial crisis, the central bank spent 13 years buying up £895 billion ($1.12 trillion) of U.K. government bonds — known as gilts — while interest rates were historically low.
Now, despite the fact that the value of gilts has fallen dramatically since then, the central bank is unwinding those holdings, and fast.
Among all the central banks, the Bank of England has been the most aggressive in selling the bonds purchased to bolster the economy during the quantitative easing era, according to Mahon.
The BOE is crystallizing massive losses as a result of the sales, which are being backstopped by the U.K. Treasury. In late July, the central bank estimated that it would require the Treasury to indemnify £150 billion ($189 billion) of losses on its asset purchase facility (APF)."
The BMW Group more than doubled its profits to €16.1 billion (£13.5bn) in the first half of 2022 compared with the same period last year but the firm warns it will not hit predicted yearly production targets, blaming rising energy costs and part shortages.
Why are we subsidising bmw?
Free taxpayers cash like the £16 billion we give as tax payers to oil and gas companies annually for the fuel to keep going up while they net huge profits  |
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By *otMe66Man
over a year ago
Terra Firma |
"First the good news...
BMW will announce plans to build its next-generation electric Mini in Oxford after securing a Government funding package.
The German-headquartered manufacturer’s £600m investment to transform its existing plant will secure 4,000 high-quality jobs, according to ministers.
Government sources declined to set out the level of taxpayer support being offered to BMW, but did not dispute the previously reported figure of £75m.
And now the (unrelated) bad news...
LONDON — The Bank of England's rapid pace of bond sales is creating a "selling gold at the bottom" moment for investors, according to Christopher Mahon, head of dynamic real return at Columbia Threadneedle.
In the aftermath of the 2008 financial crisis, the central bank spent 13 years buying up £895 billion ($1.12 trillion) of U.K. government bonds — known as gilts — while interest rates were historically low.
Now, despite the fact that the value of gilts has fallen dramatically since then, the central bank is unwinding those holdings, and fast.
Among all the central banks, the Bank of England has been the most aggressive in selling the bonds purchased to bolster the economy during the quantitative easing era, according to Mahon.
The BOE is crystallizing massive losses as a result of the sales, which are being backstopped by the U.K. Treasury. In late July, the central bank estimated that it would require the Treasury to indemnify £150 billion ($189 billion) of losses on its asset purchase facility (APF).
The BMW Group more than doubled its profits to €16.1 billion (£13.5bn) in the first half of 2022 compared with the same period last year but the firm warns it will not hit predicted yearly production targets, blaming rising energy costs and part shortages.
Why are we subsidising bmw?
Free taxpayers cash like the £16 billion we give as tax payers to oil and gas companies annually for the fuel to keep going up while they net huge profits "
Do you not see it as an investment opportunity that will pay for itself several times over? |
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"Free taxpayers cash like the £16 billion we give as tax payers to oil and gas companies annually for the fuel to keep going up while they net huge profits"
We don't give £16bn to oil and gas companies. In fact we don't give them any subsidies at all. |
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By (user no longer on site)
over a year ago
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"Free taxpayers cash like the £16 billion we give as tax payers to oil and gas companies annually for the fuel to keep going up while they net huge profits
We don't give £16bn to oil and gas companies. In fact we don't give them any subsidies at all."
Rebates is a more accurate word. |
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By *yth11Couple
over a year ago
newark |
"Free taxpayers cash like the £16 billion we give as tax payers to oil and gas companies annually for the fuel to keep going up while they net huge profits
We don't give £16bn to oil and gas companies. In fact we don't give them any subsidies at all.
Rebates is a more accurate word."
A lot of that 16bn is stuff like reduced vat rates on heating fuel or winter fuel payments as the international definition of subsidies is pretty broad. |
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"Free taxpayers cash like the £16 billion we give as tax payers to oil and gas companies annually for the fuel to keep going up while they net huge profits
We don't give £16bn to oil and gas companies. In fact we don't give them any subsidies at all.
Rebates is a more accurate word.
A lot of that 16bn is stuff like reduced vat rates on heating fuel or winter fuel payments as the international definition of subsidies is pretty broad."
I didn’t see a reduction. An increase yes  |
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"First the good news...
BMW will announce plans to build its next-generation electric Mini in Oxford after securing a Government funding package.
The German-headquartered manufacturer’s £600m investment to transform its existing plant will secure 4,000 high-quality jobs, according to ministers.
Government sources declined to set out the level of taxpayer support being offered to BMW, but did not dispute the previously reported figure of £75m.
And now the (unrelated) bad news...
LONDON — The Bank of England's rapid pace of bond sales is creating a "selling gold at the bottom" moment for investors, according to Christopher Mahon, head of dynamic real return at Columbia Threadneedle.
In the aftermath of the 2008 financial crisis, the central bank spent 13 years buying up £895 billion ($1.12 trillion) of U.K. government bonds — known as gilts — while interest rates were historically low.
Now, despite the fact that the value of gilts has fallen dramatically since then, the central bank is unwinding those holdings, and fast.
Among all the central banks, the Bank of England has been the most aggressive in selling the bonds purchased to bolster the economy during the quantitative easing era, according to Mahon.
The BOE is crystallizing massive losses as a result of the sales, which are being backstopped by the U.K. Treasury. In late July, the central bank estimated that it would require the Treasury to indemnify £150 billion ($189 billion) of losses on its asset purchase facility (APF).
The BMW Group more than doubled its profits to €16.1 billion (£13.5bn) in the first half of 2022 compared with the same period last year but the firm warns it will not hit predicted yearly production targets, blaming rising energy costs and part shortages.
Why are we subsidising bmw?
Free taxpayers cash like the £16 billion we give as tax payers to oil and gas companies annually for the fuel to keep going up while they net huge profits
Do you not see it as an investment opportunity that will pay for itself several times over? "
It’s unfortunate that organisation’s max the profits to the shareholders without reinvesting back into the firm  |
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"First the good news...
BMW will announce plans to build its next-generation electric Mini in Oxford after securing a Government funding package.
The German-headquartered manufacturer’s £600m investment to transform its existing plant will secure 4,000 high-quality jobs, according to ministers.
Government sources declined to set out the level of taxpayer support being offered to BMW, but did not dispute the previously reported figure of £75m.
And now the (unrelated) bad news...
LONDON — The Bank of England's rapid pace of bond sales is creating a "selling gold at the bottom" moment for investors, according to Christopher Mahon, head of dynamic real return at Columbia Threadneedle.
In the aftermath of the 2008 financial crisis, the central bank spent 13 years buying up £895 billion ($1.12 trillion) of U.K. government bonds — known as gilts — while interest rates were historically low.
Now, despite the fact that the value of gilts has fallen dramatically since then, the central bank is unwinding those holdings, and fast.
Among all the central banks, the Bank of England has been the most aggressive in selling the bonds purchased to bolster the economy during the quantitative easing era, according to Mahon.
The BOE is crystallizing massive losses as a result of the sales, which are being backstopped by the U.K. Treasury. In late July, the central bank estimated that it would require the Treasury to indemnify £150 billion ($189 billion) of losses on its asset purchase facility (APF).
The BMW Group more than doubled its profits to €16.1 billion (£13.5bn) in the first half of 2022 compared with the same period last year but the firm warns it will not hit predicted yearly production targets, blaming rising energy costs and part shortages.
Why are we subsidising bmw?
Free taxpayers cash like the £16 billion we give as tax payers to oil and gas companies annually for the fuel to keep going up while they net huge profits
Do you not see it as an investment opportunity that will pay for itself several times over?
It’s unfortunate that organisation’s max the profits to the shareholders without reinvesting back into the firm "
Did you miss the part where BMW themselves are investing £600m? |
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"Free taxpayers cash like the £16 billion we give as tax payers to oil and gas companies annually for the fuel to keep going up while they net huge profits"
"We don't give £16bn to oil and gas companies. In fact we don't give them any subsidies at all."
"Rebates is a more accurate word."
It is indeed. As long as we make it clear that the rebates given to oil and gas are exactly the same rebates given to every other company in the UK.
The only time that fossil fuel companies get given a unique rebate is when they decommission sites. They are allowed this because the rules insist that they have to pay the appropriate tax up front when they start the operation. |
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By *eroy1000Man
over a year ago
milton keynes |
"First the good news...
BMW will announce plans to build its next-generation electric Mini in Oxford after securing a Government funding package.
The German-headquartered manufacturer’s £600m investment to transform its existing plant will secure 4,000 high-quality jobs, according to ministers.
Government sources declined to set out the level of taxpayer support being offered to BMW, but did not dispute the previously reported figure of £75m.
And now the (unrelated) bad news...
LONDON — The Bank of England's rapid pace of bond sales is creating a "selling gold at the bottom" moment for investors, according to Christopher Mahon, head of dynamic real return at Columbia Threadneedle.
In the aftermath of the 2008 financial crisis, the central bank spent 13 years buying up £895 billion ($1.12 trillion) of U.K. government bonds — known as gilts — while interest rates were historically low.
Now, despite the fact that the value of gilts has fallen dramatically since then, the central bank is unwinding those holdings, and fast.
Among all the central banks, the Bank of England has been the most aggressive in selling the bonds purchased to bolster the economy during the quantitative easing era, according to Mahon.
The BOE is crystallizing massive losses as a result of the sales, which are being backstopped by the U.K. Treasury. In late July, the central bank estimated that it would require the Treasury to indemnify £150 billion ($189 billion) of losses on its asset purchase facility (APF).
The BMW Group more than doubled its profits to €16.1 billion (£13.5bn) in the first half of 2022 compared with the same period last year but the firm warns it will not hit predicted yearly production targets, blaming rising energy costs and part shortages.
Why are we subsidising bmw?
Free taxpayers cash like the £16 billion we give as tax payers to oil and gas companies annually for the fuel to keep going up while they net huge profits "
Many countries across the world do this. The U.S. and EU do it too. BMW have to commit hundreds of millions of their own money and invest it in this plant to get the government money. Thousands of workers paying tax and the same for the supporting companies will soon pay back the government investment and afterwards its all extra money coming in |
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By *otMe66Man
over a year ago
Terra Firma |
"First the good news...
BMW will announce plans to build its next-generation electric Mini in Oxford after securing a Government funding package.
The German-headquartered manufacturer’s £600m investment to transform its existing plant will secure 4,000 high-quality jobs, according to ministers.
Government sources declined to set out the level of taxpayer support being offered to BMW, but did not dispute the previously reported figure of £75m.
And now the (unrelated) bad news...
LONDON — The Bank of England's rapid pace of bond sales is creating a "selling gold at the bottom" moment for investors, according to Christopher Mahon, head of dynamic real return at Columbia Threadneedle.
In the aftermath of the 2008 financial crisis, the central bank spent 13 years buying up £895 billion ($1.12 trillion) of U.K. government bonds — known as gilts — while interest rates were historically low.
Now, despite the fact that the value of gilts has fallen dramatically since then, the central bank is unwinding those holdings, and fast.
Among all the central banks, the Bank of England has been the most aggressive in selling the bonds purchased to bolster the economy during the quantitative easing era, according to Mahon.
The BOE is crystallizing massive losses as a result of the sales, which are being backstopped by the U.K. Treasury. In late July, the central bank estimated that it would require the Treasury to indemnify £150 billion ($189 billion) of losses on its asset purchase facility (APF).
The BMW Group more than doubled its profits to €16.1 billion (£13.5bn) in the first half of 2022 compared with the same period last year but the firm warns it will not hit predicted yearly production targets, blaming rising energy costs and part shortages.
Why are we subsidising bmw?
Free taxpayers cash like the £16 billion we give as tax payers to oil and gas companies annually for the fuel to keep going up while they net huge profits
Do you not see it as an investment opportunity that will pay for itself several times over?
It’s unfortunate that organisation’s max the profits to the shareholders without reinvesting back into the firm
Did you miss the part where BMW themselves are investing £600m?"
Or the 4000 skilled jobs, that will provide taxes to the UK and cash into local businesses and services. |
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By *irldn OP Couple
over a year ago
Brighton |
"First the good news...
BMW will announce plans to build its next-generation electric Mini in Oxford after securing a Government funding package.
The German-headquartered manufacturer’s £600m investment to transform its existing plant will secure 4,000 high-quality jobs, according to ministers.
Government sources declined to set out the level of taxpayer support being offered to BMW, but did not dispute the previously reported figure of £75m.
And now the (unrelated) bad news...
LONDON — The Bank of England's rapid pace of bond sales is creating a "selling gold at the bottom" moment for investors, according to Christopher Mahon, head of dynamic real return at Columbia Threadneedle.
In the aftermath of the 2008 financial crisis, the central bank spent 13 years buying up £895 billion ($1.12 trillion) of U.K. government bonds — known as gilts — while interest rates were historically low.
Now, despite the fact that the value of gilts has fallen dramatically since then, the central bank is unwinding those holdings, and fast.
Among all the central banks, the Bank of England has been the most aggressive in selling the bonds purchased to bolster the economy during the quantitative easing era, according to Mahon.
The BOE is crystallizing massive losses as a result of the sales, which are being backstopped by the U.K. Treasury. In late July, the central bank estimated that it would require the Treasury to indemnify £150 billion ($189 billion) of losses on its asset purchase facility (APF).
The BMW Group more than doubled its profits to €16.1 billion (£13.5bn) in the first half of 2022 compared with the same period last year but the firm warns it will not hit predicted yearly production targets, blaming rising energy costs and part shortages.
Why are we subsidising bmw?
Free taxpayers cash like the £16 billion we give as tax payers to oil and gas companies annually for the fuel to keep going up while they net huge profits
Do you not see it as an investment opportunity that will pay for itself several times over?
It’s unfortunate that organisation’s max the profits to the shareholders without reinvesting back into the firm
Did you miss the part where BMW themselves are investing £600m?
Or the 4000 skilled jobs, that will provide taxes to the UK and cash into local businesses and services."
Speculate to accumulate. If the benefits of an investment outweigh the costs then jobs a good’un. |
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