Peter Lane

[Stuey Beef 🇬🇧🏴󠁧󠁢󠁥󠁮󠁧󠁿 @stuey_beef]

Rachel Reeves has found a way to punish people for investing.

That is the absurdity at the heart of this reported ISA raid.

The Government says it wants savers to move away from cash and into stocks and shares.

Fine.

So imagine someone does exactly that.

They open a stocks and shares ISA.
They buy dividend-paying companies.
They build an income stream over years.
They receive dividends into the ISA.
They wait patiently for the right valuation before reinvesting.

That is not tax avoidance.

That is investing.

Serious income investors do not instantly throw every dividend back into the market the second it lands.

They wait.
They compare opportunities.
They build cash.
They look for weakness. They reinvest when the price is attractive.

That is discipline.

Now Reeves reportedly wants a 22pc charge on interest earned from cash held inside a stocks and shares ISA, under “anti-circumvention” rules.

In other words, the Government tells you to invest, then treats the natural cash management process inside investing as suspicious.

It is economically illiterate.

Cash inside a stocks and shares ISA is not necessarily someone “dodging” a cash ISA cap.

It can be dividend income waiting to be redeployed.

It can be proceeds from a sale waiting for a better entry point.

It can be dry powder before results season, a correction, a rights issue, or a market panic.

That is how actual investors behave.

But Labour sees a cash balance and assumes it must be punished.

This is the problem with politicians designing tax rules around headlines rather than reality.

They do not understand investing.
They understand optics.

They want to say they are pushing Britain into equities.

But the policy says something else: invest, receive income, manage risk, wait for value, and we may still come after you.

That is not pro-investment.
That is anti-investor.

[emily m @maitlis]

Whatever the outcome of this committee hearing #Robbins is coming across as a brilliant civil servant - who is entirely in control of the facts, the sensitivity, the code and the principles of his job. And he is exposing the PM as a leader who either didnt grasp the facts, ignored smart advice - or has chosen to appear outraged when he should not have been.

[Peter Lane @Peter_Lane16]

@GWRHelp can you please invest in your WiFi capabilities on your train. For a network that is grossly expensive, the inability to actually work on the journey due to such poor WiFi is incredibly annoying.

[Peter Lane @Peter_Lane16]

@pinstripedline This is utter bollocks. The PM should have moved assets into the region as precautionary measure to protect British interest. He didn’t want to do that, because he lacks the backbone to speak to Parliament and make decisions

[Hamidreza Azizi @HamidRezaAz]

A Day 3 recap of the war (with focus on Iranian strategic narrative):

🔹CENTCOM confirms that U.S. strikes on Iranian missile bases used B-1 bombers. The U.S. is trying to dismantle Iran’s fortified underground missile facilities.

🔹Iranian reports suggest Tehran has rejected multiple mediation attempts. Tehran’s apparent assessment is that it can sustain high-intensity conflict for 60-90 days, making early ceasefire acceptance strategically disadvantageous.

🔹Ali Larijani explicitly framed the war as a contest of endurance, stating Iran – unlike the United States – is prepared for a prolonged conflict. The objective appears to be altering Washington’s cost-benefit calculations over time.

🔹Iranian strategic discourse increasingly describes the conflict as a “war without rules” or a “game without red lines,” signaling deliberate unpredictability intended to reshape deterrence dynamics after leadership decapitation failed to halt Iran’s response.

🔹A related concept emerging in Iranian messaging is operating “one level above” adversary actions, i.e., delivering escalatory responses even to indirect threats in order to redefine escalation thresholds.

🔹This logic appears reflected in Iranian strikes toward British facilities in Cyprus, interpreted domestically as retaliation for London allowing U.S. access to Diego Garcia despite not joining offensive operations.

🔹One of the most consequential developments was the loss of three U.S. F-15 aircraft, initially claimed by Iran as shootdowns but later attributed to friendly fire from Kuwaiti air defenses, highlighting the growing risks of coalition battlefield congestion.

🔹Analysts close to Iranian security circles describe a layered missile strategy: first targeting radar systems, then launching low-cost drones and missiles to exhaust air-defense interceptors before deploying advanced weapons later.

🔹Iran’s continuous missile launches therefore appear designed less for immediate damage and more for attritional depletion of U.S. and Israeli defensive systems over time.

🔹Uncertainty over the size and dispersal of Iran’s advanced missile stockpiles may explain intensified U.S. and Israeli strikes against underground facilities and missile infrastructure.

🔹President Pezeshkian expanded emergency authorities across ministries and provincial administrations to ensure continuity of governance, deepening wartime decentralization already initiated before the conflict.

🔹Israel’s targeting pattern has become clearer: strikes now heavily focus on intelligence ministries, police headquarters, IRGC district bases, and internal security institutions, suggesting systematic erosion of regime coercive capacity.

🔹Parallel strikes against western border regions and Kurdistan province have fueled Iranian fears that external actors may seek to enable insurgent infiltration as an alternative to direct ground invasion.

🔹Iran has responded by striking areas in Iraqi Kurdistan while increasing pressure along its borders, indicating concern about a potential indirect ground dimension to the war.

🔹Iran-aligned Iraqi resistance factions – including Kataib Hezbollah, Harakat al-Nujaba, and Kataib Sayyid al-Shuhada – continue their operations on a limited scale, opening another attritional front against U.S. forces.

🔹Hezbollah formally confirmed its participation, firing rockets toward Haifa, though involvement remains limited due to degraded capabilities and domestic political constraints in Lebanon.

🔹Iranian sources claim prewar coordination between the Quds Force and regional partners defined phased entry into the conflict, suggesting activation of the “axis of resistance” is proceeding gradually rather than simultaneously.

🔹The IRGC has reportedly begun enforcing a de facto closure of the Strait of Hormuz, warning commercial vessels against transit and threatening missile strikes. This is a major escalation targeting global energy flows.

🔹Simultaneous attacks on Gulf energy infrastructure, including an Aramco facility near Ras Tanura and gas infrastructure in Qatar, indicate an effort to raise global energy prices and increase economic pressure on Washington.

🔹Iranian authorities signaled zero tolerance for dissent. IRGC intelligence warned that actions undermining stability during wartime would be treated as collaboration with the enemy, implying harsh internal repression.

🔹Negotiation signals remain contradictory. While Trump suggested a potential deal was possible, Larijani publicly rejected negotiations, reinforcing Tehran’s view that talks can occur only after strategic calculations shift.

🔹Iran’s sustained missile tempo against Israel appears designed to impose psychological as well as military pressure, keeping populations under prolonged shelter conditions while conserving firepower for a longer conflict.

🔹Overall, Day 3 shows the war evolving into simultaneous military, economic, psychological, and regional escalation far beyond bilateral confrontation.

🔹The key question now is whether expanding proxy involvement and energy warfare will force external powers into deeper participation or instead accelerate pressure for negotiated containment.

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P.S: Not sure how long I can keep doing this!

[Peter Lane @Peter_Lane16]

@tntsports your rugby coverage / signal is shocking.. constant buffering and delays..

[Peter Lane @Peter_Lane16]

@British_Airways I am still locked out of my Ba account despite you not sending me an email as per the notification. Please sort this out!!!

[Peter Lane @Peter_Lane16]

@British_Airways you’ve locked me out of my account whilst telling me to refer to an email that you haven’t sent. Please can you sort

[Peter Lane @Peter_Lane16]

@MartyChargin What are your thoughts on Novo’s future. Feels like a large sell off is imminent? A lot of value lost since June already?

[Peter Lane @Peter_Lane16]

@limebike your app has broken and won’t let me end my bike, I’ve raised a complaint and had to leave it.

[Peter Lane @Peter_Lane16]

@GWRHelp supposed to be getting to Castle Cary today, is this possible given the diversions?

[Peter Lane @Peter_Lane16]

@ThreUK you are emailing me stating that I am in arrears despite several phone calls where you have agreed to cancel the contract- please explain? If this has impacted my credit score, I will be forced to take legal action to protect the integrity of my interests

[Peter Lane @Peter_Lane16]

@discoveryplus please sort out your streaming. Watching sport your service constantly buffers- appalling service. When are you going to fix this? Not sure you should be charging money for a service that frankly doesn’t work…

[Peter Lane @Peter_Lane16]

@ThreeUK I have just received an email stating I have missed a payment regarding a device plan, that should have been cancelled as per your own instructions. I have spoken to your customer service team numerous times on this matter so am surprised as to why I have this email…

[Peter Lane @Peter_Lane16]

@ThreeUKSupport You passed me around 7 teams last week and didn’t resolve a v simple problem… I will try again

[Peter Lane @Peter_Lane16]

@ThreeUK despite speaking to your customer service team last week, I am still paying for two contracts despite only 1 upgrade and you’ve just tried to deliver another phone to my house (which i didn’t authorise and didn’t order).

What is going on?

[Peter Lane @Peter_Lane16]

@ThreeUKSupport This should have been sorted last week and I am reluctant to go through your customer service as you seem incapable of sorting out this out. Can this be resolved in store?

[Peter Lane @Peter_Lane16]

@ThreeUK Can you please explain why I have been passed between 7 internal teams when trying to resolve a very simple over charge by you for a “new device payment”. Your customer services is utterly atrocious, borderline comical…

[Peter Lane @Peter_Lane16]

@bradford_hardin Multiple ways to look at this and v dependent on industry I think. At face value it suggests opportunism or “money grabber”- positives and negatives. The question it would raise for me- from any pov (business owner, colleague) is depth in experience.

[Peter Lane @Peter_Lane16]

@ThreeUK please explain why dpd failing to deliver my package requires me to cancel my upgrade, switch to a 1 month rolling and then re-upgrade after 48hrs- why can you not just resend the new phone- a complete waste of my time