David Read

Rowing, politics and financial markets. Retweets ≠ Endorsements.

[BT @bt_uk]

@keiranatharmony Evening Keiran; we're here to help if you need us for anything ^Colleen

[Alec Stapp @AlecStapp]

The UK has been quietly adopting a lot of really great policies that the US should copy

[The Spectator Index @spectatorindex]

Sky News reports that Silicon Valley Bank UK handed out $18 million in bonuses just days after its rescue deal with HSBC

[zerohedge @zerohedge]

Buffett sold 91% of his stake in USB in Q4. Won't be a terrible trade to rebuy 30% lower.

[Lex Fridman @lexfridman]

True 😔

[S.L. Kanthan @Kanthan2030]

The US Federal Reserve Bank (Fed) just printed $300 billion out of thin air last week to bail out the banks. What a joke and a voodoo economics.

This is not free market or even capitalism.

If developing nations want $300 billion, they have to sell their sovereignty to the IMF and the World Bank.

#BankingCrisis

[Check Warner @checkwarner]

Most UK VCs (70%+?) & up to 50% of UK startups banked with SVB. They are the most innovative companies in the UK, driving growth and creating jobs. They have taken many years to build. They (& the UK tech ecosystem as a whole) risk being decimated if SVB UK is not rescued, fast.

[Andrew Neil @afneil]

The flaw in Sil­i­con Val­ley Bank’s business model: grew too quickly us­ing bor­rowed short-term money from de­pos­i­tors who could ask to be re­paid at any time and in­vested it in long-term as­sets that it was un­able to sell.

[David Frost @DavidGHFrost]

My @Telegraph column with initial comment on the new NI Protocol deal. (Initial because there's still a lot of detail to work through.)

There are improvements, but it seems hugely oversold, & may entrench the Protocol framework rather than weaken it.

https://t.co/Dkym7UpxI6

[Harry Cole @MrHarryCole]

PM says "when I go around the world and talk to businesses, they know. They’re like, ‘That’s interesting, if you guys get this sorted, then we want to invest in Northern Ireland.’"

But suspect they will soon notice Republic has corporation tax rate of 12.5% and while NI is 20%

[John Sweeney @johnsweeneyroar]

Tomatoes in Kramatorsk, 25 miles from Bakhmut.

[James Timpson @JamesTCobbler]

I met a customer today who told me they used our offer of free dry cleaning for their interview…and they got the job!

[James Melville 🚜 @JamesMelville]

And just like that, the NHS has suddenly stopped the Covid vaccine booster rollout…

[Isabel Oakeshott @IsabelOakeshott]

Almost 3 years too late, the left is grudgingly coming to recognise the blindingly obvious: lockdowns are disastrous, esp for the poorest and most vulnerable. They couldn't get enough of it at the time and treated those of us who questioned it with contempt. Never again.

[Isabel Oakeshott @IsabelOakeshott]

When hundreds of people a week were dying with (not of) covid, we shut down society. Now there are up to 3000 mysterious excess deaths per WEEK and the government is acting like there's nothing to see here! Let's find out why this is happening - fast.

[Tom Newton Dunn @tnewtondunn]

Horrific public finance figures this morning. Plus two thirds of Government’s total monthly borrowing - £17.3bn - was in debt interest. Close to double the entire Home Office annual budget, in just one month, gone in a blink.

[Elon Musk @elonmusk]

@RobertKennedyJr The truth is finally coming out

[Paul Johnson @PJTheEconomist]

Stamp Duty Land Tax is one of most damaging taxes. Gums up housing market, and hence labour market. One reason why more than half owner occupied properties are under occupied, having 2 or more spare bedrooms. Makes it harder for young families to buy appropriate houses.