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As I understand it a company can cause loads of ‘environmental carbon damage’ but buy an already existing forest and not burn it down….then they claim the forest adds to the equation (even though the forest already existed) and hey presto the company is carbon neutral. The world of course hasn’t benefitted but let’s be honest….fuck the world, this is just about virtue signalling so normal people to use less energy otherwise the shift of power moves from dollars to energy. And we all know who owns all the energy. Them bloody Ruskies and sand people. Anyhoo…best dash to my private plane to an EU environmental meeting…so can you all turn your heating down please. Oh and eat insects and stop having kids. 🤦🏻‍♂️

London's gone. See Death of London thread. The finsec continues to shrink since 07 - not so m ay jobs, little in way of entry / mid level jobs that pay £££££ London filling up with 3rd worlders on bennies, which has driven up rents. The old trick of getting a few years experience and doing a 2nd t up your income no longer works - too many migrants taking the low end jobs. Hepa places to live are no stuffed full of 3rd worlders, so the young Brits have to compete with UKGOV benefits for OxBongobongo 10 kids. The less London offers possible jobs for the young, the more London working economy will shrink.

The creditor could then be expected to insist that "control of the assets" matching the debt would pass to him -- in essence, that a balancing bequest is written into the will, revocable only on final repayment. Without a legislative block forbidding such "charges" on wills (and by default I expect they are blocked), I think you would get debt instruments with the bequest bundled in. The alternative would be scarcer & more expensive credit.

It's ahrd to get a grip on any real data and the data that is worth having is old by the time we get it. But ive jsut had a flick through Leicesterhire on RMV and first page of new listings is 14 reductions to 11 the same using property log. couple of examples, 1)Im unsure whether this was jsut originally badly overpriced but they are cutting to find the bid which is very busniesslike imho no 2) is top end nice area,I suspcet would have got that first up price a year or two back psot coof no 3) again some assertive efforts to find the bid https://www.rightmove.co.uk/property-for-sale/find.html?locationIdentifier=REGION^61309&sortType=6&propertyTypes=&includeSSTC=false&mustHave=&dontShow=&furnishTypes=&keywords=

Panorama last week did a 1 hour special on the carbon-credit industry. Apparently companies are now dubious of these green environmental projects and so increasing numbers of firms are doing their own in-house company projects to lower(fudge!?) their own carbon output. At the time I actually thought the Panorama program was performing an uncharacteristically 'brave' bit of journalism, however if that climate action group is itself criticising carbon credits, then it's merely just more proof that the environ'mentalist' lobby set the agenda and then the media obediently follow.

What would the other two do? Phone in sick as the first step to get on the benefits gravy train?

One for the Peter Zeihan disciples

No cut today but the FTSE liked Baileys comments "we might have to cut rates further than expected in the future " or words to that effect How long can the promise of Jam tomorrow last before everyone realises they have no jam

Is that the one facing Victoria park?

I wouldn't be so sure about that. In my area, if you want to sell, you are going to have to cut 30% off peak pricing. There's a converted chapel round the corner from me that I have my eye on, went on for £1.4m this time last year, current asking price £1m. It's a desirable property, good location, historic building, nicely refurbed, but it's not selling. Last sold for £750k in 2008. I think it'll end up back there or thereabouts, and at that price, I would be interested.

If we were looking at next meeting for the first BoE cut you would expect them to "vote" 4-3 as a signal IMO.

Dividend up too!

Nice big jump in Harbour Energy today.

Swati and Ramsden for a cut 7-2

Interest rates held. https://www.bbc.co.uk/news/live/business-68980175

The usual pakistani business of start used car dealership, sell dodgy motors to desperate people at the bottom end of the market, delay & obfuscate when they want redress, then wind up company, defaulting on obligations once as much money has been pocketed as possible, then rinse/repeat might be a little more serious with this size of company. No idea why anyone does business with them. Even buying a kebab when drunk takes a lot of consideration on my part. Plonking £1-5k on a car that is almost guaranteed to be a wreck is mind boggling.

I`m not sure how long they have been doing it but the Land registry collects data on mortgage type ,residential is separated from BTL/bought via a company it dates back from my personal recollection to mid 2000`s it could be longer

In real terms houses could fall, and at the same time the real term value of wages could fall by the same amount or more. The way that I view it, in that scenario it's still crashed. It's just that the real terms earning power of workers has also crashed. I appreciate that workers are still fucked in that scenario so wouldn't likely care about the semantics.

It`s been obvious for a long time there was something else behind all this other than climate the question is what ,as none of it made any sense economically

They will sacrifice the £ ,it`s all that`s left

See the lag in work,Inputs go up,they pass on,then inputs fall a bit prices still up.Been a great performer for us.Im thinking of selling and putting into a Hong Kong tracker.Im also tracking a company called Albemarle to start buying,but id like it a little lower yet.

Its a not crash in real terms unless wages rise with inflation (which they very well might not).

I'm sure that's possible. A crash in real terms is a crash, and nominal values could go up while a real terms crash was happening. Whether that will happen I don't have an opinion. I'm not personally monitoring what's happening with the housing market these days. I'll get back on it in about 10-15 years when my kids need to start thinking about such things.

Good post. Everything is up just now the Stock Market, the Money Markets paying out 5% plus on 1 year fixed and houses are falling. For the first time in ages I actually feel I am getting wealthier. At the end of the day the only people who gain from high house prices are last time buy geriatrics who want to cash in, for everybody else the gap to the next house gets more expensive and it is an absolute disaster for priced out young people. But heck Swati will be doing her best today to promote the Weimar.Repubic house price boom route.