I tweet things I am reading…
Joined May 2017
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Lula Wins Reelection in Brazil’s Presidential Runoff theepochtimes.com/world/lula… via @epochtimes
jonno royston retweeted
BREAKING: Elon Musk has said:
"As of the past few weeks, debt markets have almost entirely shut off access to money for any company that doesn’t have substantial revenue independent of AI data centers. That means the 200+ neoclouds are going to see guppy-level death and consolidation. Some will make it through, but not many.”
More Than 27 Million People Have Voted in Midterms So Far, Figures Show theepochtimes.com/us/over-27… via @epochtimes
jonno royston retweeted
I've been to several events in the past few weeks where people (often working for network operators) talk up the idea that CP2030 will save people money but only if there's a massive increase in grid infrastructure
Under the regulated asset base (RAB) model, network operators earn an allowed return on the value of their regulated assets
The larger the asset base, the greater the absolute return they can earn
Capital investment increases the RAB, allowing operators to recover depreciation and financing costs through consumer bills over many years
This creates a strong incentive to favour capital expenditure and asset growth, even where cheaper alternatives might exist, because a larger RAB means higher potential profits for network companies
So next time you hear this nonsense about how if only we spend a few more £billions we'll all be better off, think about who is saying it...
Renewables operators earn their income from subsidies... The more renewables we plan the more subsidies are up for grabs
Network operators earn their income through a regulated return on the asset base... The more new infrastructure that is built the more money that make
All of this gets recovered through bills
CP2030 cui bono? Not consumers, that's for sure
@Dieter_Helm explains that we actually do need to spend on infrastructure but a lot of that is to upgrade existing infrastructure that is old and either not performing well now or at risk of retirement
This I agree with. Also that to do it effectively we must cut regulation. It cannot be the case that we put lives at risk due to decrepit infrastructure because we're trying to protect a few newts, bats or fish
dieterhelm.co.uk/publication…
jonno royston retweeted
Brutal chart.
France and UK vs. Communist countries at their peak.
UK public spending as % of GDP is currently above Romania, Venezuela and China.
And France is a lost cause.
(HM Treasury/Rand Research)
jonno royston retweeted
Audit is the key to peace in Ukraine!
Audit is the key to exposing merchants of death.
Audit is the key to the missing hundreds of billions of American dollars!
Truth will win!
jonno royston retweeted
This is just embarrassing.
In 2019, Notre Dame burnt down.
The damage was immense, costing nearly €700 million to fix.
It took 5 years to reopen to the public.
In the SAME WEEK, Hammersmith Bridge closed because of some structural damage.
It didn’t burn down, and it didn’t collapse.
Cars and buses were banned from using the bridge.
Seven years later, it STILL has not reopened.
We have spent £60 million since the closure, and we are nowhere close to opening it again.
This is what happens when we forget how to build.
Bridges close, and we are just meant to accept they will never open again.
Potholes appear in the roads, and they never get fixed.
Trains get delayed, and that’s just “how it is now”.
We should never accept this.
We are campaigning against it. Join us.
What do you think?
jonno royston retweeted
There are at least 800 cases of public sector workers in Scotland who no longer have a job but remain employed, costing taxpayers over £27m a year, probably a lot more.
The SNP is refusing to make them redundant because it has a policy against compulsory redundancy.
One NHS Highland worker has been receiving their full salary and benefits for 17 years despite not having a specific job any more. Another 26 NHS Highland workers haven't had a permanent role for over 5 years. Other bodies carrying on paying staff despite them not having a job include Police Scotland, Scottish Water and the Scottish Civil Service, a Sunday Times investigation revealed.
The situation is absurd but the SNP government doesn't seem to be bothered.
jonno royston retweeted
Fertilizer through Hormuz has dropped to zero.
No fertilizer cargoes crossing the strait in September or October.
Before the war, about 20% of the world’s traded nitrogen fertilizer went through it, Fertilizer Daily reports.
The Gulf also supplies about half of the world’s traded sulfur.
Hear me out: urea isn’t the problem.
China raised its nitrogen exports about 47% and the US about 60%.
By the end of August urea was back to its January price, IFPRI data shows.
Sulfur is the problem.
It has more than doubled, to above $1,000 a tonne, and phosphate is up 25–30%.
You need sulfur to make phosphate fertilizer.
Mosaic has idled two Louisiana plants, and India’s fertilizer subsidy bill could pass 3 trillion rupees, against 1.71 trillion budgeted.
Oil found other ways out of the Gulf.
Sulfur hasn’t.
source: World Visualized
jonno royston retweeted
For those of you who thought the visit from a Bedford Borough Council official to investigate our daughter Zoe’s (age 12) pretend teddy bear cafe was too ridiculous to be real, here is the arrival of official. This is totally legit. She really did show up at our property to investigate the illegal teddy bears having their coffee🧸🧸☕️☕️
jonno royston retweeted
HMRC is sending out an intrusive letter to those people it regards as wealthy, asking for large quantities of information about their personal affairs and assets.
One person who received the letter said: “Who do these people think they are, the Stasi? This will only encourage more people to leave.”
Lizzie Murray, a partner at the accountants Saffery, advised that: “Taxpayers should not feel obliged to provide wide-ranging amounts of information to HMRC. Details of an individual’s wider asset base are only relevant to the extent that HMRC has concerns that income, gains or other taxable events relating to those assets have not been properly reported.”
While HMRC is currently claiming that these letters are only being sent to the very wealthy, no doubt it won't be long before every higher or additional rate taxpayer gets one.
This fishing expedition is an intolerable intrusion into the private lives of British citizens and should be stopped forthwith.
We post the full text of the letter in the thread below.
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