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There's a strong whiff of "deglobalisation for thee, but not for me" goes on here, on this thread. We'd been talking about deglobalisation for at least a year - maybe two - when POLY happened, and yet it still seemed like a big shock to some. If deglobalisation is indeed a thing, it's definitely coming for us minnows of retail investing.

I looked at sibyane this week, but the south african location worries me. A lot. SA is close to russia, and if the US wants to make an example of a BRICS, SA is incredibly easy to destabilise AND US relies on it for nothing, really. Wagner groups have been in SA training people for some time, annoying the US on top. I could also see nationalisation of mines in SA being a thing in a world in which gold is worth 5k and ounce. Why wouldn't the thieving SA politicians give in to that temptation?

They don't have to offer decent alternatives, just make sure that theirs are the only ones available.

Holy shit, they could at least pretend:

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Bolded bit. Yes, a few years ago when covid frenzy started in Cornwall I sucked in my breath and asked a local mortgage place about £30K mortgage. They sounded so bored just saying I was better off at the bank with a loan. Asked again, elsewhere, not so long ago and the response now wasn't "go to the bank", it was no, no mortgage pos and no don't go to the bank either! Interest rates makes all the difference now.

I've been trying to find a global ex-US etf that is available in the UK.

You could argue have we even left

Impressively muted market reaction to the news.

Full RICS market survey https://www.rics.org/content/dam/ricsglobal/documents/market-surveys/uk-residential-market-survey/UK-Residential-Market-Survey_April-2024.pdf

Many of us left long ago for reasons including that one. The writing has been on the wall for decades.

Institutional money starting to move into the miners?

See a very high chance of a Brexit backlash if we do rejoin ny the backdoor under a labour govt as this will be a signal that any hope of righting the UK ship will be gone and the first hitting the exit may well be ironically those who voted for Brexit, on the basis there is no country left worth fighting for.

no, could have done with his pay off though.

Are you Jac Nasser?

Fuck me that’s big . I’m tempted to look at a house that is 1300 sq ft I’ve just had a scout round the area . Not perfect and I’ve found the local pub

It's already happening, higher tax will just be another nail in the UK coffin. Highly skilled well paid professionals are already leaving, can't get doctors and dentist appointments, get your kids into a local preferred school? no chance try your fifth choice if your lucky, gimiegrants get first choice. Add housing pressure's and feeling like a foreigner in your own country where you pay 50%+ tax/ni as a high earner. Job losses are beginning to mount up and redundancies are happening. Bradford, Birmingham? nope West London/M4 corridor.

What a pair of silly old cunts. Typical euphemism of the country. Two ridiculous decrepit boomers who have benefited from the results of cheap oil/energy throughout their lives, using tools that’s created by said energy/oil and which has provided them with their lifestyle, pension and NHS prescriptions that’s enabled the silly old fuckers to stay alive sitting there today. Now they want to pull up the drawbridge on the younger generation. Selfish twats.

Fare play. I wish them well.

anotehr 'no sh1t sherlock' basmenet thesis goes mainstrweam https://uk.news.yahoo.com/people-flee-country-rather-pay-080000108.html People will flee the country rather than pay any more tax This week the economists at the National Institute for Economic and Social Research (NIESR) said the UK’s dire fiscal situation means that, with high levels of debt and no scope to cut public spending, after the election taxes will have to rise regardless of who wins – or alternatively, that Jeremy Hunt’s fiscal rules will have to be abandoned. Total government revenues from taxes and other sources are currently scheduled to reach 41pc of GDP this year. That compares with 37pc as recently as in 2019-2020 and 32pc if we go back to the mid-1990s. The last time government revenues were above 41pc was 1969-70, for just one year. The last time they were above 41pc for several years in a row was in the late 1940s and early 1950s. Could taxes be raised materially higher even than is currently scheduled? I suspect not. In fact, I suspect even Hunt’s plans won’t be deliverable. A key reason taxes have not been maintained at these sorts of levels for several years in a row since the late 1940s/early 1950s, let alone being raised even above that, is that the UK economy is not capable of generating that much revenue. And it won’t be capable of generating it any time soon, either. But in the UK, because such a high share of our economy involves highly-globally-mobile capital and labour, the issue is more acute than elsewhere. In our current situation, rather than further tax rises increasing the tax share of GDP closer to the levels normal in our continental rivals, it is more likely that the attempt to raise taxes fails because first, it induces recession, making the tax take fall; second, it causes capital flight, reducing the tax base; and third, it leads to the emigration of high-income and high-wealth individuals, again reducing the tax base.

Or in other words, houses are an excellent inflation hedge. They shouldn't do any more than that, as well, they don't do anything. No productivity, growth, innovation, just a long store of building materials and a piece of land which if well maintaned keep their value against fiat currency devaluation. That chart in one exposes the property as some kind of cant lose business as bollocks. The biggest risk with property is that it is an illiquid asset that you can't move out of the country, and therefore is subject to rapacious taxation. Council tax never reduces or gets paid off.

The big fear on the Establishments part is that Tommy R gets his act together and forms up. History shows us that voters move to extremes as disposable incomes come under pressure and that's aside from the grooming gang/asylum seekers in hotesl whilst locals sleep on park benches type headlines running more and more. theres a huge chunk of the electorate waiting for someone to vote for aside from the curretn troughers. Galloway will do well on the left,Im not sure reform will pick up the right without farage

this is a pretty good effort. youd think theyd swap agents nice hosue. handy for any local wannabee warlords.

Is the Skipton BS who own masses of estate agent changes and sets prices via this fraud ?