Retired Corporate Treasurer who loathes people who believe solutions are always for someone else to perform.

I just wrote my first note on Substack substack.com/profile/4799168…
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The defence; “what he wrote is being quoted by someone nasty” implying he didn’t write it. Did he?
Two things I know about the paper smearing Jordan Bardella over words he allegedly wrote, at age 17. Its founder, Edwy Plenel, still ran that paper until 2024. He stood with the men who murdered eleven Israeli athletes in Munich. He wrote: “No revolutionary can dissociate himself from Black September. We must unconditionally defend the militants of this organization against repression.” That paper then passed to Carine Fouteau. She called October 7 an “unjustifiable attack.” As if the Hamas massacre were a typo in a cheesecake recipe. She calls Israel a colonial state and wants sanctions for genocide. If Jews are colonists in Judea, on which piece of earth are Jews natives? Set that against Jordan Bardella: *He is one of the clearest voices in Europe against Hamas. *He visited the Nova site and the communities of the Gaza envelope. He met survivors. *He spoke in Jerusalem against antisemitism. *He was already in Washington when Steve Bannon made a gesture that looked like a Nazi salute. Bardella cancelled his speech on the spot. Like the leftists in Israel, the leftists in France are experts at character assassination. We have zero trust in people who spend their adult lives fighting the right of the small Jewish state to exist. And we are done taking the word of anyone whose heart once filled with admiration for the men who murdered our athletes on German soil.
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Not Gerard Depardieu again?
The remarks by the US secretary of state, who did not name a specific country, will intensify global scrutiny of this weekend’s suspected terrorist plot near a British air force base. ft.trib.al/Zz1ZQdl
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Rural crime but this time the police reacted.
This supposed terrorist attack on RAF base has all the makings of a national embarrassment. The 5 suspects released on police bail. That means the police didn’t oppose bail so no need to go before a judge. Not credible if they really were suspected terrorists. No explosives found in the vans. They were clearly up to something. But a terrorist attack? Looks increasingly unlikely.
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Stephen Baseby retweeted
🚨NEW: British billionaire Peter Hargreaves says he "completely disagrees" with Man Utd part-owner Sir Jim Ratcliffe's comments that the country is "on the slide", saying "the country isn't on a slide, it's slid. This country is never, ever coming back, it's finished"
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Stephen Baseby retweeted
Assuming she’s employed and on PAYE This means she pays over £166,000 in tax a year Equivalent to 24 average earners
Laura Kuenssberg - who is paid over £400k a year - asks Andy Burnham where the money to pay for social care will come from. One obvious answer would be higher taxes on people paid over £400k a year.
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Perhaps appropriate to add that both the USA and the UK are double deficit economies. While @zatzi may quote facts, perhaps she should add that in return we UK taxpayers get a free at delivery health service and a state pension for our tax. For now.
In the US unleaded petrol is 94p/litre. 11p of that is tax. Here it’s upwards of £1.70 and 81.43p* of that is tax. Without tax the US and UK price at the pump would be 83p/l and 89.5p/l It’s not international prices forcing up our fuel to unaffordable levels. It’s our government. 😡😡😡 (*UK pump price of 170.9p per litre, tax is 81.43p per litre, meaning 47.6% of what you pay goes directly to the government. Tax Breakdown •Fuel Duty: 52.95p per litre •VAT (20%): 28.48p per litre (charged at 20% on the underlying cost of the fuel plus the fuel duty, creating a "tax on a tax"). ◦VAT on the fuel duty alone: 10.59p of that VAT amount comes directly from taxing the 52.95p duty.)
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To get my penny’s worth in @afneil and others, the EU’s main problem is that its members want the benefits of a USA style federation without each member conceding any local powers over tax and social welfare. That is unlikely to bring about its destruction, but it’s stagnation.
At no stage have I ever said the EU would collapse — because I’ve never thought it would. My point was that the EU we left in 2016 is morphing/will morph into something very different. Difficult to see how anybody could gainsay that. But no doubt X’s legion of know-nothing nutters will try.
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Dear @FT, you ask How Resilient Is Britain? We have a 40% food deficit and a rising energy deficit. We now see a worldwide diesel crisis: ships and trucks need diesel. We haven’t controlled trade across an Empire since 1946. Why ask the question when the answer is self evident.
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Stephen Baseby retweeted
A total insult to taxpayers who get up and go to work every day. Businesses are spending hours on the phone and struggling with ‘Making Tax Difficult’. Conservatives will let you rate every experience with HMRC - so we can hold them to account.
EXC: Almost One in Ten Senior HMRC Staff Now Work a Four-Day Week order-order.com/2026/09/18/e…
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Stephen Baseby retweeted
Them: "Canada is getting associate EU membership, why can't the UK get that" Me: "Associate membership doesn't exist yet" Them: "So? It must be good" Me: "What are the terms?" Them: "No idea" Me: "What does it offer?" Them: "No idea" Me: "So why do you want it" Them: "Don't know"
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Whilst Easyjet begins to run Nice flights through winter. Perhaps no more than finding the different cost structures and markets of these two airlines. Or the kind of person can go to France in winter, draws the line at Ryanair. connexionfrance.com/news/rya…
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You will walk so far that you are surprised not to emerge in central Madrid
For the record: Madrid Barajas Airport is the worst airport for a major world city. To get from the drop-off (which Ubers need to line up for 10 minutes to reach) to the gate, you will: 1. Walk around a mile 2. Go up and down no fewer than EIGHT unusually slow escalators, take two elevators, and ride a janky shuttle train. 3. Decipher bizarre signage that leaves people standing around in bewilderment asking each other for help 4. Meander through a mall where the signs to the gates are deliberately obscured. 5. Line up and scan your passport twice at automatic machines that mostly don't work. 6. Line up and show your passport to an immigration officer anyway. And God forbid you have a transfer! You will need to do all that twice! You can forgive JFK or LAX for being bad; they were built in the 1950s. But this was built in 2006. Avoid.
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This self-promoting outburst would have been more effective if it explained that Greece's now favoured status is because it now runs a balanced budget. France is hoping to go for <5% budget deficit which is unlikely for political reasons. Britain has persistent dual deficits.
Borrowing costs have reached their highest level since the financial crisis... Since July 2024, they have risen more than in France, Germany and the US - and by twice as much as in Greece. Labour’s reckless spending and higher taxes are killing growth. Every time this rate goes up, so do mortgage rates and the burden for the next generation. Andy Burnham and John Healey should rule out more spending and higher taxes.
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But a concentration risk which we have been compounding since the latter half of the 19C. It was the reason the 1873 crash was so damaging. System integration can be productive only as long as any one party can dis-integrate when threatened.
Reliance on a small number of cloud providers, software platforms, or AI models concentrates risk. One exploited weakness can ripple across many institutions at once. Our blog explains why authorities must ask whether the system can absorb these shocks. imf.org/en/blogs/articles/20…
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Who employs someone to be a graduate?
Graduate job vacancies drop by almost 50% in a year bbc.in/3Sbn4A9
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Depends on the exchange rate. Today Americans are flocking France. Nice is up from one direct flight per day to five. The real question is at what exchange rate is $2,000 insufficient? connexionfrance.com/news/can…
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Stephen Baseby retweeted
So let me get this straight, we're going to import gas, export jobs and export emissions. We're going to pay for someone else to drill dirtier gas, transport it here, lose our tax revenue, sack our own workers, then pretend we're being 'green'. Righto. thetimes.com/uk/scotland/art…
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Forget exceptions. The PA needs to about £40k to have paced inflation since it was set. That would take average earners out and stop cycling tax back as welfare to many.
The tax threshold remains at £12,570 & 820,000 pensioners will soon be taxed as they currently receive £23 below the threshold. Considering this government classes a State Pension now as a benefit then this should be tax exempt.
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Stephen Baseby retweeted
Replying to @HenMazzig
They come for you all eventually! Pastor Martin Niemoeller MARTIN NIEMÖLLER: "FIRST THEY CAME FOR..." Martin Niemöller (1892–1984) was a prominent Lutheran pastor in Germany. In the 1920s and early 1930s, he sympathized with many Nazi ideas and supported radically right-wing political movements. But after Adolf Hitler came to power in 1933, Niemöller became an outspoken critic of Hitler’s interference in the Protestant Church. He spent the last eight years of Nazi rule, from 1937 to 1945, in Nazi prisons and concentration camps. Niemöller is perhaps best remembered for his postwar statement, which begins “First they came for the socialists, and I did not speak out…”
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