CEO EVIA/LEBA (ex-WMBA). Protecting liquidity & trying to put some sanity into OTCderivs debate. Dad/husband to a trio of Chinoise fishwives & sprat called Udo.
Yields on 10y gilts have risen well above 5%, reaching their highest level since 2008 due to the UK government crisis. Keir Starmer's premiership appears to be hanging by a thread after his much-anticipated policy reset speech on Monday - in response to the Labour Party's poor performance in recent local elections - failed to deliver the shift many MPs demanded. Starmer said on Tuesday that he wasn't going anywhere, but with calls for his departure mounting, he looks to be fighting a losing battle. (via BBG)
Labour predicted that 3000 children would leave the independent sector during the 2024-25 academic year. The actual figure is over 13000.
Poor planning puts state schools under pressure & undermines outcomes for everyone.
https://t.co/tVkomrXzxW
U.K. households spend at least £5bn per year on cakes, buns and biscuits which are predominantly zero-rated for VAT. So if Labour wants to raise more VAT revenue to pay for more spending, why not remove that relief, rather than taxing education via VAT on school fees?
@citynickcollier@UKHouseofLords The absence of the OTF alongside the MTF in the agreement (because the Swiss want to add digital platforms... ?) and of RAO 25 Arranging Services is really most perplexing from the drafters
There is a great stat on this in our paper out this morning. The Lower Thames Crossing planning application alone at £300m has cost double what it cost to totally build the longest road tunnel in the world in Norway (~$115m) https://t.co/9tnVMu3Gc6