| Income Tax rise ditched on 10:42 - Nov 14 with 651 views | leitrimblue |
| Income Tax rise ditched on 10:36 - Nov 14 by LutherBlissett |
And every other week.
Irish-Ipswich agents all over the world. Get in Matty Holland's Telegram channel for your next international posting. |
True dat.
The only disappointment from last night was when he brought on that Norwich reject Ida instead of my mates brother to replace Parrot.
Entire pub took it badly..  |  | |  |
| Income Tax rise ditched on 10:47 - Nov 14 with 638 views | LutherBlissett |
| Income Tax rise ditched on 10:42 - Nov 14 by leitrimblue |
True dat.
The only disappointment from last night was when he brought on that Norwich reject Ida instead of my mates brother to replace Parrot.
Entire pub took it badly.. |
I'll get the family to make a YouTube video later threatening to burn down Hallgrimsson's family's caravans. Unacceptable. |  | | |
| Income Tax rise ditched on 10:47 - Nov 14 with 639 views | nrb1985 |
| Income Tax rise ditched on 10:41 - Nov 14 by homer_123 |
"Why don't we just accept that we all want to solve the same issue, a higher standard of living for everyone but that your way of solving it is different to mine?"
Here's my observation. I'm not sure that those who now control the wealth of the world have any interest in higher standards of living for everyone. You and I might.
But there is a reason social mobility is going backwards, why poverty is increasing and everything connected with it.
10% control 85%+ of the wealth of the world - that's an unhealthy distribution by any measure. Now, this is not new as such but it is getting worse and not better.
Profits - again, not a bad thing but they are if they come at a cost, which they often do. I'll point you in the direction of water companies as one, small, example. |
But my point was never about capitalism or perceived corporate greed.
It was along the lines of, we are in a hole in the UK and we need to get out of it.
New technologies and innovation should be quite helpful in that. The end. Nothing to do with the cnts at Thames Water or anywhere else. | | | |
| Income Tax rise ditched on 10:50 - Nov 14 with 620 views | leitrimblue |
| Income Tax rise ditched on 10:47 - Nov 14 by LutherBlissett |
I'll get the family to make a YouTube video later threatening to burn down Hallgrimsson's family's caravans. Unacceptable. |
It is the clearest and dare i say most sensible way to communicate. | | | |
| Income Tax rise ditched on 10:52 - Nov 14 with 612 views | homer_123 |
| Income Tax rise ditched on 10:47 - Nov 14 by nrb1985 |
But my point was never about capitalism or perceived corporate greed.
It was along the lines of, we are in a hole in the UK and we need to get out of it.
New technologies and innovation should be quite helpful in that. The end. Nothing to do with the cnts at Thames Water or anywhere else. |
Yup, clear enough. I would assert that AI may not be the solution to our ills though.
As I see it, if you are saying that AI will generate more income/ profit, the current system funnels that income/ profit (or at least the vast majority of it) to the existing 10% that are already wealthy.
So, my observation is that AI doesn't solve the wider issues we face, which are not just UK wide but at a more fundamental level. |  |
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| Income Tax rise ditched on 10:54 - Nov 14 with 601 views | NedPlimpton |
| Income Tax rise ditched on 09:43 - Nov 14 by Herbivore |
I wouldn't describe Switzerland or Singapore as comparable countries to the UK.
Just seen your edit. The US is a third world country for a decent chunk of the population. It might be good for the upper middle classes but it's not a country we should be aspiring to be like. Standard of living is also quite a hard thing to measure, but this suggests that the US is slightly better or slightly worse than us depending on the source and metrics whereas France is worse on both metrics/sources used: https://worldpopulationreview.com/country-rankings/standard-of-living-by-country [Post edited 14 Nov 9:46]
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The US has one of the worst wealth inequalities in the western world.
Absolutely not something to be aspiring to, but unfortunately is the way we're heading |  | | |
| Income Tax rise ditched on 10:55 - Nov 14 with 592 views | J2BLUE |
Extending the current tax free allowance bands for two years so you WILL pay. They have just decided to be less honest about it. |  |
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| Income Tax rise ditched on 10:57 - Nov 14 with 576 views | DanTheMan |
| Income Tax rise ditched on 10:21 - Nov 14 by nrb1985 |
There is quite a lot of evidence to suggest that junior hiring and graduate roles in knowledge sectors have slowed down considerably since the launch of ChatGPT. The "Big Four" and global law firms have explicitly alluded to AI being one of the reasons for them trimming grad recruitment numbers.
Hard to disentangle that from broader macro factors but all signs point to AI having an impact already. Why do you need a junior lawyer for example to read a contract which your in house GPT can do in 20 seconds.
To your other point - we are starting to see signs of ROI on all that AI spend. For example, Microsoft's AI unit will generate $12bn in revenue this year (their third year of existence) - it took Azure, which you'll know I'm sure as their cloud division, eight years to hit that milestone. [Post edited 14 Nov 10:48]
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"Hard to disentangle that from broader macro factors but all signs point to AI having an impact already. Why do you need a junior lawyer for example to read a contract which your in house GPT can do in 20 seconds."
Why? Because it does it very wrong, as they will learn.
As for Microsoft, $12bn I believe is from OpenAI if I'm thinking about the right thing, who themselves are barely generating any revenue compared to what they are spending.
Meanwhile Microsofts capital expenditure is ballooning.
All of this because of some future promise of maybe this will actually make money at some point.
It's a complete farce. |  |
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| Income Tax rise ditched on 10:57 - Nov 14 with 568 views | homer_123 |
| Income Tax rise ditched on 10:54 - Nov 14 by NedPlimpton |
The US has one of the worst wealth inequalities in the western world.
Absolutely not something to be aspiring to, but unfortunately is the way we're heading |
We're kinda there or thereabouts already. | |
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| Income Tax rise ditched on 10:59 - Nov 14 with 567 views | Herbivore |
| Income Tax rise ditched on 10:55 - Nov 14 by J2BLUE |
Extending the current tax free allowance bands for two years so you WILL pay. They have just decided to be less honest about it. |
And that disproportionately impacts low and middle earners rather than targeting higher earners. Absolute shit show of a government. Who'd have thought that voting in Tories with red rosettes would lead to more Tory style incompetence and tinkering around the edges while the country goes to the dogs? |  |
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| Income Tax rise ditched on 10:59 - Nov 14 with 564 views | LutherBlissett |
| Income Tax rise ditched on 10:57 - Nov 14 by DanTheMan |
"Hard to disentangle that from broader macro factors but all signs point to AI having an impact already. Why do you need a junior lawyer for example to read a contract which your in house GPT can do in 20 seconds."
Why? Because it does it very wrong, as they will learn.
As for Microsoft, $12bn I believe is from OpenAI if I'm thinking about the right thing, who themselves are barely generating any revenue compared to what they are spending.
Meanwhile Microsofts capital expenditure is ballooning.
All of this because of some future promise of maybe this will actually make money at some point.
It's a complete farce. |
There is absolutely no need to be worried about a bubble currently 4x the size of sub-prime and 17x that of the great dot-bomb.
In fact, I'd invest heavily into it. What could go wrong.
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| Income Tax rise ditched on 11:01 - Nov 14 with 546 views | Herbivore |
| Income Tax rise ditched on 10:59 - Nov 14 by LutherBlissett |
There is absolutely no need to be worried about a bubble currently 4x the size of sub-prime and 17x that of the great dot-bomb.
In fact, I'd invest heavily into it. What could go wrong.
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A lot of sensible economists are saying that we're heading for a big old crash. Just what we need after never really recovering from the 2009 crash. | |
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| Income Tax rise ditched on 11:04 - Nov 14 with 530 views | LutherBlissett |
| Income Tax rise ditched on 11:01 - Nov 14 by Herbivore |
A lot of sensible economists are saying that we're heading for a big old crash. Just what we need after never really recovering from the 2009 crash. |
Again, nothing at all wrong with an industry that is preemptively asking the US government for bail outs before a crash has even happened. Totally sustainable capitalism. | | | |
| Income Tax rise ditched on 11:10 - Nov 14 with 508 views | Steve_M |
| Income Tax rise ditched on 10:59 - Nov 14 by Herbivore |
And that disproportionately impacts low and middle earners rather than targeting higher earners. Absolute shit show of a government. Who'd have thought that voting in Tories with red rosettes would lead to more Tory style incompetence and tinkering around the edges while the country goes to the dogs? |
If taxes need to go up, and they do, then they have to go up for middle earners as well because higher earners (those through PAYE) already pay a historically high. Just if any government wants to do that freezing thresholds and letting fiscal drag do the work is a crap, dishonest way of doing so.
I'm not talking about those who are outside the PAYE system or can flit round the globe looking for the most 'efficient' tax domicile - those people should pay more but it's very hard to make them do so. |  |
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| Income Tax rise ditched on 11:15 - Nov 14 with 477 views | Benters |
| Income Tax rise ditched on 09:35 - Nov 14 by Herbivore |
A change for the worse. And he's not really a change, he's about as establishment figure as you could get. A career politician who doesn't want to change the status quo but just wants the power to make him and his mates richer. It's a shame people like you are easily hoodwinked by grifters like Farage. It's easy to see what he is if you just open your eyes for a bit. |
I will vote Reform again.
I’d vote for Labour (my parents always did) if they actually sorted out the smashing the gangs.
Not only that I really can’t stand Two Tier Kier he’s a awful PM. |  |
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| Income Tax rise ditched on 11:17 - Nov 14 with 468 views | Herbivore |
| Income Tax rise ditched on 11:10 - Nov 14 by Steve_M |
If taxes need to go up, and they do, then they have to go up for middle earners as well because higher earners (those through PAYE) already pay a historically high. Just if any government wants to do that freezing thresholds and letting fiscal drag do the work is a crap, dishonest way of doing so.
I'm not talking about those who are outside the PAYE system or can flit round the globe looking for the most 'efficient' tax domicile - those people should pay more but it's very hard to make them do so. |
The proposal to increase income tax by 2p and reduce NI by 2p that was originally floated was a good one as it meant those below the higher rate tax threshold essentially came out with no net increase whereas those earning above the higher rate threshold would pay more. I think that seems fair. Doing it this way is, as you say, dishonest. I appreciate that trying to get high earners who aren't on PAYE to pay their fair share isn't easy but it seems we've given up on even trying. | |
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| Income Tax rise ditched on 11:19 - Nov 14 with 446 views | bartyg |
| Income Tax rise ditched on 10:21 - Nov 14 by nrb1985 |
There is quite a lot of evidence to suggest that junior hiring and graduate roles in knowledge sectors have slowed down considerably since the launch of ChatGPT. The "Big Four" and global law firms have explicitly alluded to AI being one of the reasons for them trimming grad recruitment numbers.
Hard to disentangle that from broader macro factors but all signs point to AI having an impact already. Why do you need a junior lawyer for example to read a contract which your in house GPT can do in 20 seconds.
To your other point - we are starting to see signs of ROI on all that AI spend. For example, Microsoft's AI unit will generate $12bn in revenue this year (their third year of existence) - it took Azure, which you'll know I'm sure as their cloud division, eight years to hit that milestone. [Post edited 14 Nov 10:48]
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If we're getting rid of the juniors, who's going to become the seniors who actually have the knowledge? |  | | |
| Income Tax rise ditched on 11:21 - Nov 14 with 440 views | Herbivore |
| Income Tax rise ditched on 11:19 - Nov 14 by bartyg |
If we're getting rid of the juniors, who's going to become the seniors who actually have the knowledge? |
I don't think any of the AI fanboys have spent much time thinking through these kinds of consequences. | |
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| Income Tax rise ditched on 11:22 - Nov 14 with 428 views | bartyg |
| Income Tax rise ditched on 11:15 - Nov 14 by Benters |
I will vote Reform again.
I’d vote for Labour (my parents always did) if they actually sorted out the smashing the gangs.
Not only that I really can’t stand Two Tier Kier he’s a awful PM. |
Have you got anything meaningful to contribute besides being small minded? | | | |
| Income Tax rise ditched on 11:24 - Nov 14 with 413 views | nrb1985 |
| Income Tax rise ditched on 10:57 - Nov 14 by DanTheMan |
"Hard to disentangle that from broader macro factors but all signs point to AI having an impact already. Why do you need a junior lawyer for example to read a contract which your in house GPT can do in 20 seconds."
Why? Because it does it very wrong, as they will learn.
As for Microsoft, $12bn I believe is from OpenAI if I'm thinking about the right thing, who themselves are barely generating any revenue compared to what they are spending.
Meanwhile Microsofts capital expenditure is ballooning.
All of this because of some future promise of maybe this will actually make money at some point.
It's a complete farce. |
If it was doing it wrong then I can't envisage why they would keep cutting the junior hires? Keep in mind that they aren't using chatgpt they're using AI developed specifically for their industry.
As for Capex, only Meta has tapped the bond market, the rest of them are financing out of free cash flow.
"All of this because of some future promise of maybe this will actually make money at some point" - well yeah, I remember the same conversations about Cloud spending too which took far longer to generate the revenues than it looks like AI will.
If you look at China also, they have a slightly different model without the Nvidia GPUs but they are monetizing even quicker. | | | |
| Income Tax rise ditched on 11:26 - Nov 14 with 401 views | nrb1985 |
| Income Tax rise ditched on 10:59 - Nov 14 by LutherBlissett |
There is absolutely no need to be worried about a bubble currently 4x the size of sub-prime and 17x that of the great dot-bomb.
In fact, I'd invest heavily into it. What could go wrong.
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Gosh what an ill informed post.
AI capex from the Hyperscalers is being entirely driven by free cash flow not leverage.
What possible comparison can this have to sub prime crisis? | | | |
| Income Tax rise ditched on 11:31 - Nov 14 with 375 views | J2BLUE |
| Income Tax rise ditched on 11:15 - Nov 14 by Benters |
I will vote Reform again.
I’d vote for Labour (my parents always did) if they actually sorted out the smashing the gangs.
Not only that I really can’t stand Two Tier Kier he’s a awful PM. |
It's your vote to use as you see fit. You don't owe anyone an explanation but that nice man who thanked you for letting him park on your driveway wants to move the NHS to an insurance based scheme. He said I am more confident that I would get better service for my money with an insurance based scheme. He's right. He would because he can afford the best healthcare and the waiting times would go down because the average person would only be able to scrape enough money together for the most basic package.
There are some horror stories from the US from people who could not afford healthcare or their medication. Surely that is not what you want for this country? | |
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| Income Tax rise ditched on 11:32 - Nov 14 with 372 views | Pinewoodblue |
| Income Tax rise ditched on 11:17 - Nov 14 by Herbivore |
The proposal to increase income tax by 2p and reduce NI by 2p that was originally floated was a good one as it meant those below the higher rate tax threshold essentially came out with no net increase whereas those earning above the higher rate threshold would pay more. I think that seems fair. Doing it this way is, as you say, dishonest. I appreciate that trying to get high earners who aren't on PAYE to pay their fair share isn't easy but it seems we've given up on even trying. |
Dishonest really isn’t the word to use when most of the population can see through it. Stupid would be a better word.
Found this info on internet
“A rise of 2p across all income tax rates has been widely trailed. For 2026/27, an increase in each rate by 2p could raise £17.3 billion, according to the HM Revenue & Customs (HMRC) figures on gov.uk from June 2025 (Direct effects of illustrative tax changes bulletin (June 2025) – GOV.UK).”
As has been said before 2p on income tax, coupled with 2p off National Insurance leaves those working , and earning below £45,000 in an unchanged position.
All they had to do, to stop the changes impacting on Pensioners was to introduce a modest increase in tax codes for those in receipt of a State Pension.
This must be the least socialist Labour government ever. |  |
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| Income Tax rise ditched on 11:32 - Nov 14 with 371 views | LutherBlissett |
| Income Tax rise ditched on 11:26 - Nov 14 by nrb1985 |
Gosh what an ill informed post.
AI capex from the Hyperscalers is being entirely driven by free cash flow not leverage.
What possible comparison can this have to sub prime crisis? |
Bubbles aren't caused solely by debt, as I'm sure you know. We're talking about pervasiveness in the market and structural impacts rather than leverage. So you're right, it's not the same but the bubble's size and influence are comparable. | | | |
| Income Tax rise ditched on 11:34 - Nov 14 with 362 views | nrb1985 |
| Income Tax rise ditched on 11:01 - Nov 14 by Herbivore |
A lot of sensible economists are saying that we're heading for a big old crash. Just what we need after never really recovering from the 2009 crash. |
Lots of people have been calling for a crash every year since 2009.
Meanwhile, global equities are up 200% + since then...
I also note that arch bear Michael Burry, of big short fame, wound up his hedge fund today having been calling for a crash since 2011 to date.
There will be a crash at some point of course, fools game trying to time it and those that do like Michael can easily end up looking silly.
A crash though with a growing economy, interest rates coming down and valuations at 25x earnings (expensive not stupid) seems unlikely though.
NB - I consider a crash to be -20% or more. | | | |
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