Callum Stubbins

Trader since 2022 📈 Writer of the Edge report 🧵

[James Price @jamespriceglos]

I’m done with allowing people to insult my ancestors like this.

No other group of people on Earth would allow their forebears to be insulted like this.

🇬🇧 My ancestors were the first people in history to fight to end slavery.

🇬🇧 They spread the common law across the world.

🇬🇧 They stopped Indians from burning widows alive so that they wouldn’t have to pay to feed them after their husbands had died.

🇬🇧 They stood alone against the Nazis.

🇬🇧 They invented and built the modern world with technology and medicine that started to defeat death and disease.

🇬🇧 They invented economics and democracy as we know it.

My ancestors were great people. Without them, the world would be an immeasurably darker, more wicked place.

Never again let entitled actors who known nothing about anything browbeat you into feeling shame for your ancestors.

Britain, and Western civilisation, are the greatest expressions of human flourishing in the history of the world.

Be proud of the ancestors who fought and toiled and sacrificed for that.

Don’t ever be ashamed of the greatness of our inheritance.

Live up to it.

[Looking for Growth @lfg_uk]

Quangos allow ministers to avoid responsibility.

Quangos make poor decisions.

Ministers then blame the Quangos.

It's a match made in heaven for Governments that don't want to have ANY responsibility.

This matchmaking doesn't help the British public at all.

@TimesRadio 👇

[Maxi @AllForProgress_]

This past week, on a test bed in Britain, a Rolls-Royce jet engine ran at full take-off power on pure hydrogen, putting out water vapour instead of carbon.

Nobody on Earth had managed it before. It is the sort of thing that ought to stop the country in its tracks, and it will be forgotten by the weekend.

Leave aside the recent paroxysms of renewed net-zero insanity from Derelict Ed and the pervasive atmosphere of offended envy that greets much homegrown achievement nowadays in Britain. This engineering is a wonder, and it's British to the bone.

We gave the world the jet engine in the first place - Frank Whittle, a Coventry man and an RAF officer, patented it in 1930 while the Air Ministry assured him it was a curiosity. Rolls-Royce is today one of perhaps three firms anywhere that can build a large aero engine at the outer edge of the possible, and it has just done what most of the industry swore was twenty years away.

As usual, you marvel at how little the people who govern us had to do with it. The engineers in Derby are world-class; the stewardship above them is third-rate. They pulled off a global first while paying the most expensive industrial electricity in the developed world to keep the power on over the bench - a weight no German, American or Gulf rival has to carry. We produce frontier brilliance on the shop floor and fritter it away at the despatch box, and we have done for two generations.

That is the maddening shape of modern Britain: brilliance from below, sub- (or, indeed, ultra-) mediocrity from above. The people here who actually make things are still among the best in the world; the state that is meant to back them treats a firm like Rolls-Royce as a photocall today and a takeover target tomorrow, and prices its energy as though it would prefer the next plant were built in Texas.

Progress starts from the other end. Give these people what every rival government gives its champions and we beg ours to do without: the cheap, abundant power their competitors already enjoy, a supply chain built around them, and a state that guards a national asset rather than auctioning it. The hard part of a British revival - the talent, the nerve, the engineering - is already done, and was done again this week, by people who deserve a far better country than the one currently sitting above them.

We just taught an engine to breathe fire and exhale water. The least we owe the men and women who managed it is a government and a state as brilliant as they are.

[Dan Neidle @DanNeidle]

UK tax has gone up significantly over the last 25 years

But the tax paid by the average UK worker has not

This apparent miracle was achieved by taxing “other people”: higher earners, capital, property, banks, etc

The strategy has run out of road

A 🧵 on what happens next.

[Looking for Growth @lfg_uk]

Do you know just how bad the current state of British planning is?

£800,000,000 is being spent on Heathrow’s planning for the runway.

Not the runway. The PLANNING.

We have become a country ran by the lawyers, for the lawyers.

Is this really “efficient spending?”

[Made In England @BuyEnglishMade]

Arm was founded in Cambridge.

It designs the chips in ~95% of the world’s smartphones- one of the most important tech companies on Earth, and it’s British.

We sold it to SoftBank in 2016, spun as a post-Brexit win. In 2023 it IPO’d on NASDAQ, not London.

Wall Street got the fees and prestige. London got the lesson.

America blocks foreign takeovers of strategic tech on national security grounds. Britain sold Arm.

We auction our future. They defend theirs. 🤬

[William Clouston SDP @WilliamClouston]

I would find Tony Blair’s intervention less nauseating if he’d practiced what he preaches.

New Labour ran down our industrial base, built no nuclear power stations, no new airports, not a single reservoir and far FEWER state homes than Thatcher!

He preferred illegal wars…

[David Paton @cricketwyvern]

Cutting tariffs can of course only be done because we left the EU & are not in the Customs Union.

Will those pushing for us to rejoin acknowledge these #Brexitbenefits?

[Looking for Growth @lfg_uk]

The "outrage economy" in question:

[Migration Watch @MigrationWatch]

Increased net migration to Britain correlates with higher private rental inflation just 12 months later.

Yet our government believes suggesting there is a link between migration and housing demand is "scaremongering".

No wonder there is a housing crisis!

[Kathryn Porter @KathrynPorter26]

It WILL lower bills

Domestic production displaces more expensive LNG. Every LNG cargo we displace lowers the price at the NBP and widens the discount to TTF

In the summer we could remove LNG from the GB market altogether

Plus the additional taxes being major benefits to the economy

AND our gas is cleaner than imported gas

So why are you against it????

[Armchair Admiral 🇬🇧 @ArmchairAdml]

The UK Government spends around £629 billion on welfare - that’s benefits, pensions and health care.

We spend £68 billion on defence.

You are a liar. This country constantly prioritises social spending over defence at every opportunity.

No point having a welfare state when the Russians are at the door.

[Konstantin Kisin @KonstantinKisin]

I have no words. I don't understand how to live in a world where someone would take a father away from his young children for having a different opinion.

[Callum Stubbins @c_stubbins]

Check the market did we call the bottom 📈

[JWL Trading @JWLTrading]

‼️ Orders have been tagged ✅

Don’t say we didn’t warn you

The time is now
Follow us: https://t.co/1JFFkxP4fu

#SP500 #Nasdaq #trading

[JWL Trading @JWLTrading]

‼️ Orders have been tagged ✅

Don’t say we didn’t warn you

The time is now
Follow us: https://t.co/1JFFkxP4fu

#SP500 #Nasdaq #trading

[Callum Stubbins @c_stubbins]

When is enough enough

[Politics UK @PolitlcsUK]

🚨 NEW: The Government is considering making people who only use streaming services like Netflix and Disney pay the BBC licence fee

[@BloombergUK]

[Martin Lewis @MartinSLewis]

Today's Twitter Poll: Do you think the first past the post (FPTP) system has worked well, or should we move closer to a form of proportional representation (PR)?

Rough glossary:
First Past The Post: Current system where each constituency elects person who got most votes, all other votes are then mostly irrelevant.
Proportional Representation: All votes count as (through various different mechanisms) number of seats is made to more closely matches the percentage of the national vote.

[James Melville 🚜 @JamesMelville]

Number of seats (approximately) if the UK general election voting system was under proportional representation:

🗳️Labour: 219
🗳️Conservative: 154
🗳️Reform: 93
🗳️Lib Dem: 79
🗳️Green: 44
🗳️SNP: 16

[Matt Le Tissier ✝️ @mattletiss7]

“Slight”. This is a controlled demolition of the narrative

[Politics UK @PolitlcsUK]

🚨 BREAKING: Simon Danczuk is standing as Reform UK's candidate in the Rochdale by-election

He was the Labour MP for Rochdale from 2010-2017

[@kateferguson4]