Media maven. Likes trouble, cycling and regional crime drama. Doing @altifpodcast & also Business Adventures Substack jonathandrewford.substack.co…
London
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What a wonderful positive letter from the great athlete Daley Thompson. Love the description of Britain as "not perfect, but the best" country in the world. Minded to agree.
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This now has all the elements of a classic media led British moral panic which will almost certainly lead to stupid decisions being made. And all this at a time when we could actually do with preserving what military capacity we still have.
thetimes.com/article/a438615…
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Jonathan Ford retweeted
As Westinghouse preps its IPO, worth revisiting this prescient piece by Jonathan Ford, @Grepsul bloomberg.com/opinion/featur…
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Hey @TalkmobileUK I cancelled an account recently & you have just taken more money from my direct debit (which you said to leave open so I could be refunded). That's either incompetence or theft. Kindly refund it
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For eight decades from the mid 1920s till the mid 2000s, the price of electricity consistently declined - even the 1970s, the years of energy crises. But over the past two decades it has rocketed. You might reasonably ask why. What's changed?
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I just made a radio documentary looking at why the super high electricity prices we pay in Britain and what lies behind them. So for those who prefer to read than listen, I thought I'd scribble down what it was about jonathandrewford.substack.co…
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Amazing it took the Bank of England so long to realise that stopping selling long gilts predictably into the market might ease pressure on yields. (My co-conspirator Neil Collins has banging on about this for years.)But finally it has dawned. Bravo👏👏
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My latest substack asks the simple question: " Why is my electricity bill so high?" jonathandrewford.substack.co…
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If you look at these areas - water, prisons, etc - & add other stuff like defence, roads & so on, it becomes clear that the UK's low tax model has everything to do with skimping and shirking and very little to do with the efficiency/leanness that whitehall & pols boasted about
UK faces £258bn infrastructure spending gap, warns report ft.trib.al/Yk0Dgoy
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Jonathan Ford retweeted
How Britain ended up with the most expensive electricity in the world, and what we can do about it.
bit.ly/4xSsKyj
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Out on Radio 4 today at 1.30pm, I try to unpick what’s driving our electricity bills up and up, making energy using industry so uneconomic. Is it volatile gas prices? Or the less easy-to-see fixed costs we are piling on the system? Give it a listen bbc.co.uk/programmes/m0031h8…
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My first documentary for Radio 4 is out this Sunday at 1.30pm bbc.co.uk/programmes/m0031h8…
It unpicks what’s driving our electricity bills up and up, making energy intensive industry so uneconomic. Is it volatile gas? Or the less easy-to-see fixed costs we are piling on the system?
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The handing of British military secrets to Ukraine is spun as evidence of our commitment to Zelenskyy. In reality, is it not really evidence of our own worrying industrial incapacity? We just don't have the ability to build many of the damned things. telegraph.co.uk/world-news/2…
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I think this is definitely on to something, but @MichaelDnes1 is a bit kind on the politicians who have allowed the malaise he describes so convincingly to take hold
On a site visit to HS2 in Northamptonshire I found a new bit of the railway I'd never heard about - the Turweston Green Bridge.
At first, I thought it was a bat tunnel without the bats. Then I realised it was teaching me a much deeper lesson.
limbostructure.substack.com/…
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Very sad to hear this. I knew Jim only slightly but was a big fan..
I thought you would be interested in this story from The Times:
Jim Leaviss, fund manager.
One of the nicest guys in the industry,very bright with the great ability to explain complex financials to us lesser mortals. You will be missed Jim. thetimes.co.uk/article/c47f0…
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Your periodic reminder of how Gordon Brown sold 395t of gold 1999-02, against official advice and for just £2.6 bn, & how that gold would today be worth $41 bn - thus more than filling any "black hole" that may force the PM to raise taxes. Good deal guys!
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Suppose I had better make a start on this magnificent volume, which has been nagging on my conscience. Hope the Osbert Lancaster cartoon gives a flavour of what is to come!
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Huge news that Westinghouse may go public less than a decade after the reactor maker's 2017 bankruptcy. Also a big test of investors' willingness to fund a nuclear renaissance. Here's an article I wrote in 2023 about its chequered history and prospects.. bloomberg.com/opinion/featur…
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