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I actually agree with 99.9% of your post, and the tiny unfunded tax-cut that allegedly spooked markets was indeed a nothing burger, however stopping paying interest on banks' reserves was a big deal. It is a classic EM move and generally signals shit going down hill fast. The very fact that Truss/Kwarteng dropped the idea so rapidly once the pushback began implies (at least to me) that they had blundered into it without understanding the implications. Starting a major shitstorm with a plan is one thing, doing it by accident is not a good look.

But again. That £3bn and £5bn a year belongs to shareholders and are already in the share price. Each time that £5bn is paid out, the market cap would fall by £5bn in the stagnating market. We agree that the UK market is dying. Lots of fund managers/business leaders are agitating about it but they are pissing in the wind. Under Labour, the British stock market will only get worse. People like you and I are the enemy....

It's a data center. The high paying jobs can be anywhere, certainly not in high tax UK.

Liz Truss was an idiot for not saying "No. I won't resign and if you lot try and force me out then my last act as PM will be asking the King to call a General Election. if I'm going then you lot come with me."

BAT have £3billion spare a year after the divi of £5billion.I suspect the divi will be safe for a long time.The risk with BAT is they need to pay down debt so cannot commit that £3billion to share buy backs.I think they will buy back 2% of their stock a year though for £1bill going forward,use £2 bill to de-leverage and then maybe invest in new areas over time.I sold most of IMPs though still own some.They can buy back 6% of their equity each year,but i dont think their new products,or their market reach is anywhere near BATs.I would not buy BAT above £29,but i think at these levels they should provide me with what i want from them.A high,steady very slowly growing income across cycles.The interesting thing about when i first bought BAT at i think around £3.60 a share was i had bought a bus company called Arriva,northern bus company,came out of a group called Cowies i think for £1,and sold them quite quickly for £5 and bought BAT,so i think the initial investment was £4k.The UK market was much bigger then,it seems to be withering away now due to our socialist leaders.