Steve Loftus

Dad. Husband. Business Owner. Pro European. Centre Right. Committed Realist.

Unbiased talk about the state of UK Water 🌊 and Energy ⚡plus politics.

[Steve Loftus @LoftusSteve]

🧾The "Bill that Policy Made" Megathread 🧾

For a while I've wanted to put something together to clearly show that your bill is high because of policy choices. Not gas shocks. Not Iran, and not Ukraine.

Thread🧵and video📽️

[Eyal Yakoby @EYakoby]

BREAKING: Saudi Crown Prince Mohammed bin Salman has reportedly threatened to drive oil prices near zero by pumping at full capacity unless Russia stops sending Iran weapons that end up with the Houthis.

[Steve Loftus @LoftusSteve]

@John_Stepek Another area I'm interested for AI is materials science. Lots of potentially huge leaps to be made there.

[Steve Loftus @LoftusSteve]

The UK has a pauper mindset.

Save everywhere. Squirrel away what you can for a rainy day. Never invest, too risky. Just spend on the essentials.

The crowd actually claps when they learn they changing their venetian blind direction can save them a few quid.

[Steve Loftus @LoftusSteve]

Is public ownership of water the answer?

If it was, we would expect to see the devolved nations performing better than England. The data shows the opposite.

On both spills per person and spills per mile of sewer, England performs better,

[Steve Loftus @LoftusSteve]

@andrw100 The tech bros have been very much more on the red side lately for exactly this reason.

[Steve Loftus @LoftusSteve]

There's a growing anti AI vote that Democrats are going to covet. They are all morons, but then that's their core vote.

You could see elections in the future fought on anti AI / pro AI grounds, and this could lead to the USA losing the race.

[Polymarket @Polymarket]

JUST IN: Democrats propose requiring AI companies to obtain federal government permission before training AI models, with up to 20 years in prison for violations.

[Andrew Montford @aDissentient]

This is a barefaced lie.

[Steve Loftus @LoftusSteve]

@John_Stepek Something rare and genetic because they often only involve a single faulty gene. Within 9 months.

[Alex Wickham @alexwickham]

***EXCLUSIVE by @MishalHusain***

David Cameron says Britain should NOT rejoin the EU

The former prime minister warns Andy Burnham that starting a conversation about rejoining would be “very long and painful”

Speaking in a Bloomberg interview, Cameron urges Burnham not to trigger another “decade-long debate about whether should be in or out.” He also says the UK should not enter a customs union with the EU

As the PM who led the Remain campaign in 2016, Cameron’s intervention will be seen as significant. He says Britain’s economic problems aren’t due to Brexit

“Today, instead of launching an argument about rejoining, which I think would be a very long and painful argument, and who knows where it would end up, instead of that, focus on how do we be the best friend, best neighbour, best partner,” Cameron says

The former PM also warns Burnham that talking about Britain rejoining could hamper future negotiations

“If you start endlessly producing this idea that we’re actually on a path to rejoining, I think you’re in danger of getting a less good partnership deal because of course the EU countries will just think: well, these guys are gonna rejoin anyway, so what’s the point in giving them a good partnership deal… If you’re not going to, you know, commit to trying to make the partnership stronger because you’re flirting with rejoining, I think there’s some dangers there,” Cameron says

“I don’t think actually necessarily joining a customs union is the right answer. If you look at the economic problems we have today, I don’t really think they’ve got anything to do with Brexit at all. I mean, our economic problems are we are overspending, over-borrowing, over-taxing, over-regulated, and far too much being spent on working age welfare. Those are a set of problems that have nothing to do with Brexit. We need a government that actually gets spending under control, gets taxes down, helps entrepreneurs, deals with our borrowing problem, reforms the welfare, and massively deregulates so we can build houses, build infrastructure. None of those have got anything to do with Europe. So that’s sort of, in a way, that’s my point. Do we really want to go into another decade-long debate about whether we should be in or out, when actually we should deal with our own problems while making the partnership model work?”

“I fought the campaign to stay in on an amended basis, and I obviously wanted to win that campaign. I was desperately disappointed that we lost that campaign. But I’m a democrat, a believer in democracy. We voted to leave, and I think the right thing now is to try and become, you know, not just neighbors, partners, and friends of the EU, but the best friends, the best neighbors, the best partners. And I think we can make that work”

Story by @ChaplainChloe: https://t.co/gKPvWA9LAu

[Steve Loftus @LoftusSteve]

@angelar59958132 @mikenewdeck @ChrisGPackham No, my daughter has OCD. We don't get benefits for it. Nor do I think we should.

If anything, it's more likely to need support than ADHD.

[Steve Loftus @LoftusSteve]

Do yourself a favour.

Download Trading212 on your phone. Take 5 minutes to set up a Stocks and Shares ISA account. Buy an S&P 500 ETF (or any varied US portfolio ETF) with any money you don't need immediately on hand. Is it's in a cash ISA or bonds move it over. Leave it there until you really need it.

[Steve Loftus @LoftusSteve]

Every time I mention investing the comments are "Investing is risky" or "I can't afford to lose money".

The chart below shows your odds of being up if you invested in the S&P 500 on every day it's existed and HAD to take the money out at a fixed time.

[Steve Loftus @LoftusSteve]

So after 1 year you have an 83% chance of being up. A 30% chance of being up 20% or more, and only a 17% chance of being down a dollar or more.

Those odds are astronomically in your favour.

If you have cash in an ISA you are losing money and robbing yourself.

[Steve Loftus @LoftusSteve]

A lot is made of debt for England's water companies but it's the debt that funds investment, and it's not unusual.

Per capita

Wales £1,555
England £1,296
N. Ireland £1,053
Scotland £855

England isn't the highest. Per home, same order.

[Steve Loftus @LoftusSteve]

@EdwdPrice Not at all. It had debt, the debt was written off.

It was written off because the Government knew it required a massive amount of borrowing (new debt) for considerable upgrades.

And while it was "functioning" it was very bad.

[Steve Loftus @LoftusSteve]

A lot is made of debt for England's water companies but it's the debt that funds investment, and it's not unusual.

Per capita

Wales £1,555
England £1,296
N. Ireland £1,053
Scotland £855

England isn't the highest. Per home, same order.

[Steve Loftus @LoftusSteve]

@Coach_Swales @Artemisfornow Then you can pay their debt instead. What's your point?

[Steve Loftus @LoftusSteve]

@isitjustmeonly They have fuck all because they have a poverty mindset

[Steve Loftus @LoftusSteve]

The UK has a pauper mindset.

Save everywhere. Squirrel away what you can for a rainy day. Never invest, too risky. Just spend on the essentials.

The crowd actually claps when they learn they changing their venetian blind direction can save them a few quid.

[max tempers @maxtempers]

Martin Lewis unveils his latest strategy — TACTICAL CURTAINS

[Steve Loftus @LoftusSteve]

@RobSetters Or, take the money for the blinds and insulation. Buy an S&P 500 ETF, and make 10x than you save.

[Steve Loftus @LoftusSteve]

@gilli_bee 1, Download Trading212 on your phone.
2, Take 5 minutes to set up an account.
3, Buy the S&P 500 ETF.

[Steve Loftus @LoftusSteve]

@DavidMorri48740 @xyleneLFC Not much in life you can do without money

[Steve Loftus @LoftusSteve]

@sdfpk Lewis is the doctor that the company that gave you cancer sends around to make you feel a bit better.

[Steve Loftus @LoftusSteve]

@fred6279 @Jolutejavi Not many, some. So only invest what you don't need to hand.