Fair play to @TiceRichard for giving the establishment media an economics lesson.
But more importantly, he asks the pertinent question:
Why did they relentlessly berate Liz Truss over the mini-budget, yet remain strangely silent now the markets are performing even worse under Starmer and Burnham?
If the markets were the test then, surely they’re the test now.
Funny how the rules change depending on who’s in Downing Street. 🤔
Cc. @UxbEconomist07@nigethugrug@TeagueRoger
@MrMBrown Forget the 30 year high in gilts, let's borrow more to ensure that no one pays more than £2 per bus journey! The guy thinks himself as the Mayor of the UK, nothing more
This could prove 100% accurate if he swaps ALL the Federal debt for T-Bills, then uses those T-Bills to back 0% yielding stablecoins, then cuts the rate on those T-Bills to 0.60% (b/c the banks don't deserve 3.5% on stablecoins).
You're gonna want to own more gold & BTC though.
@moving_charlie@alexgroundwater The market is a leveraged bet on cheap credit and wages rising faster than inflation. With sticky inflation, 0% growth, weak labour market, rising youth unemployment and boomers owning most of the property wealth, real price growth looks unlikely and stagnation is the likely path
Britain will spend £109 BILLION on debt interest this year.
That is more than:
- The entire Education budget
- The entire Defence budget
- Nearly 4× the Transport budget
- More than 5× the Home Office budget
- Nearly 8× the Justice budget
- Roughly half the Health and Social Care (NHS) budget
That is the equivalent of around £3,220 per working person per year, or £268 a month, just to service the national debt.
The debt is rising by roughly £4,000 to £4,300 every second.
At a time when people are already being squeezed by the cost of living, a huge amount of the tax they pay is being swallowed up by interest on old debt rather than paying for the services they actually use.
After all that, the £2.9 trillion debt is still there.
https://t.co/CWcIcM91VI
Snapshot of the live UK National Debt Clock taken at 7:12 am on 18 Aug 2026.
In the 24 months since Labour came to power, we've seen;
• Employer National Insurance increased from 13.8% to 15%.
• The employer NI threshold cut from £9,100 to £5,000.
• Income Tax and National Insurance thresholds frozen until 2031.
• Capital Gains Tax increased from 10% and 20% to 18% and 24%.
• Business Asset Disposal Relief increased from 10% to 14%, then 18%.
• Investors’ Relief increased and its lifetime allowance cut from £10 million to £1 million.
• Carried interest taxation increased and moved towards the Income Tax regime.
• Dividend tax rates increased by two percentage points.
• Savings-income tax rates increased by two percentage points.
• Property-income tax rates increased by two percentage points.
• Most unused pension funds brought into the Inheritance Tax net.
• Agricultural Property Relief restricted.
• Business Property Relief restricted.
• Inheritance Tax thresholds frozen for longer.
• The non-dom regime replaced with a more extensive residence-based system.
• VAT imposed on private school fees.
• Business-rates relief removed from private schools.
• Stamp Duty increased on second homes and buy-to-let properties.
• The Furnished Holiday Lettings tax regime abolished.
• Pension salary-sacrifice benefits capped at £2,000 before National Insurance applies.
• The Cash ISA allowance cut to £12,000 for most under-65s.
• A 22% charge introduced on interest from cash held inside non-cash ISAs.
• Restrictions introduced on transfers and cash-like holdings within ISAs.
• The Energy Profits Levy increased and extended.
• Investment allowances for oil and gas producers reduced.
• A new Vaping Products Duty introduced.
• Tobacco duties increased above inflation.
• Vehicle Excise Duty increased for many new cars.
• Electric vehicles brought into the Vehicle Excise Duty system.
• A new mileage tax announced for electric and plug-in hybrid cars.
• Air Passenger Duty increased.
• Climate Change Levy rates increased.
• Plastic Packaging Tax increased.
• A new Carbon Border Adjustment Mechanism introduced.
• Making Tax Digital extended to more landlords and self-employed people.
Together they represent one of the biggest transfers of wealth from households and businesses to the Treasury in decades - with no noticeable improvement in public services.
Whether you're a business owner employing staff, a parent paying school fees, a farmer planning succession, an entrepreneur building wealth or simply someone trying to save for retirement...
You keep less of what you earn.
You keep less of what you invest.
You leave less to your family.
Death by a thousand cuts is becoming tax policy.
SOMEONE CODED A WEBSITE THAT VISUALIZES THE ENTIRE #BITCOIN NETWORK AS A POST OFFICE
REAL PAYMENTS = LETTERS
MEMPOOL = SORTING ROOM
BLOCKS = MAIL TRUCKS
WATCH PAYMENTS GET DELIVERED GLOBALLY WITHOUT BANKS IN REAL TIME 🔥
"The WSJ reporting that the long-feared “Google Zero” moment — when Google Search largely stops sending traffic to third-party sites — some publications are seeing traffic drops of more than 40% between mid-2025 and mid-2026. Publishers face a choice: allow Google’s multi-purpose crawlers (which feed both traditional search and AI training) or block them and lose search visibility entirely. Several major outlets, including USA Today, Reddit, Politico, Reuters and others, are now openly considering or preparing to restrict Google’s access, while Cloudflare plans to start blocking multi-purpose crawlers by default from mid-September unless site owners opt out. The old model in which publishers had no real alternative to Google’s rules is cracking" - Goldman TMT note
Complete Summary of all findings:
Mk3 seed phrase = swept instantly
Mk3 seed phrase with random account = swept in 2d 2h
Mk3 seed + 1 word passphrase = swept in 6d 9h
Mk3 seed + 2 word passphrase = swept in 6d 9h
Mk3 seed + 3 word passphrase = swept in 6d 11h
Mk4 seed phrase = not swept after 6 days
@Rob1Ham@OpenAI It's sad to see the US AI industry go down this path. This is EU-sque level of self hurt. Great way to regulate the most important industry out of existence