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I am co-hosting a new podcast, now live! - The Business Case. Long form CEO interviews on their leadership journey + insights on their business. Nigel Terrington, longest serving FT250 CEO first - great guests in coming weeks! Pls subscribe podcasts.apple.com/gb/podcas…
Basílica de la Sagrada Família in Barcelona, the recent additions are spectacular. Do visit. Heartening to see a European country nurturing its culture and heritage.
Mark Wharrier retweeted
Thank you Britain 🇬🇧 for heroically sacrificing your economy to save the planet 💪
_
Mark Wharrier 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)
Mark Wharrier retweeted
Scroby Sands is running aground. Removing one failed 2 MW turbine cost £12.5m — six times the per-turbine rate RWE is forecasting for the remaining 29. Subsidies run out soon, brining forward the decommissioning cost (1/10)
Mark Wharrier retweeted
Bill Maher nails it on Britain’s welfare addiction here.
“The UK has had seven Prime Ministers in ten years. That’s because no politician can be what the people want: a genius who figures out how to give out endlessly more money with ever less working people.”
Mark Wharrier retweeted
Avoid Berlin like cancer.
Europe’s largest residential landlord Vonovia stands to lose more than €8bn from nationalisation plans in Berlin, as the prospective governing parties of the city discuss the socialisation of 140,000 apartments.
The leftwing Die Linke, winner of the September state election, has agreed to coalition talks with the Social Democrats and the Greens over plans to transfer large apartment portfolios into public ownership in an effort to bring down rents in the capital.
The proposal, which foresees compensation far below market values, could impose losses of more than €11bn on four major property companies relative to the levels at which the properties are held in their books, according to FT calculations.
"We don't tax the Americans or the Chinese. Nobody would design a stupid system like this other than the EU Parliament and von der Leyen."
Ryanair CEO tells #EuropeToday the EU should have a fair environmental tax on all flights landing in Europe.
Seems reasonable
Tesla will be worth $17.5 Trillion by 2031, according to Cathie Wood's base case, which would give $TSLA a share price of $4,400 📈 🤑 🥳
Mark Wharrier retweeted
During the pandemic, Peloton could not keep up with demand for its bikes. At one point it was spending $100 million just on air freight to get bikes to customers faster, and it committed $400 million to build its own factory.
At the height of demand, management was forced to make many suboptimal decisions to satisfy customers. Today the customers are gone, but the suboptimal decisions (including the debt) remain.
The same will happen in the AI space. Today you have insatiable demand. Nobody knows how long it will last.
Mark Wharrier retweeted
I run an apprenticeship & skills bootcamp provider
So I’m much more qualified to talk about this than anyone.
The model is simple, funded by the government we train people in areas like Marketing, Software Development & Business.
We are paid when we deliver the 12 week programme and paid again when these individuals get a positive out come.
Classed as a job, promotion or pay rise.
Average cost per person on programme is £4,000.
To be clear the government fund this. They only pay on successful outcome.
No completion of course = NO PAYMENT
No job = NO PAYMENT
We delivered over 1000 people on this course in 2024.
AS SOON AS LABOUR CAME TO POWER
FUNDING STOPPED.
I’ve added the share price of @northcoders who are a similar business with a similar model.
The share price since labour has got to power has collapsed.
Labour are not serious about reversing the direction of NEETs. I have dwelled on this for a number of years. Wondering when funding would come.
This year alone, funding has reduced 75%.
To practically 0.
The conclusion I have come to, which is deeply harrowing for our nation is that the current government would rather individuals stay on benefits than train them and help them get a job.
That is my deepest reflection on being in this industry for 5 years.
It makes me feel every announcement they make is empty promises.
There is an infrastructure of training providers across the country who are (like us) wanting to support training young people and help them get jobs.
But right now, this government has no interest in doing this.
This has been what has turned me against everything announcement they make - because the reality is always different.
Exclusive:
Britain is facing an “economic catastrophe and moral failure” because a generation of young people is being written off to a life on benefits, the prime minister has said
Writing in The Times Andy Burnham said that the time has come for Britain to “invest in the success of our young people” rather than “pay for failure through the benefits system”
Setting out his vision for the fundamental reform of welfare, he said the present scheme provided “an assessment, a payment and, after that, a goodbye”, with no support, skills or help getting a job
In future, Burnham promised, the government would offer a “clear guarantee” of support, starting in schools, to address the almost one million 16 to 24-year-olds not in education, employment or training, known as Neets
Every young person would be guaranteed a technical pathway, work placements, apprenticeships and the skills they needed to find a job
However, he cautioned that this would be matched by an expectation that young people would take up the opportunities available to them. He added that under the new system, benefits would become a “backstop” rather than the “starting point” for young people.
thetimes.com/uk/politics/art…
Hard Talk a great example of what the BBC should be providing - long form forensic conversations backed by incisive journalism. Let the audience make up their own mind. Rather than the sanitised quest for balance or the podcast that Newsnight has become.. telegraph.co.uk/books/author…
Mark Wharrier retweeted
GB Energy, the useless state-owned company established by Labour, has so far spent £14.2m on running costs — and £5.8m on investments.
Running costs included the almost £400,000/year paid to its ineffective CEO and six executives on more than £100,000 each. What any of them has done to earn these sums is one of life’s mysteries.
Perhaps it’s a blessing it’s invested so little. The £5.8m it has earmarked is for a proposed floating wind farm off the north coast of Scotland — a sure-fire loss-maker if ever there was one.
Another spot on piece from Ed - when will politicians explain these choices to the public?
✍️ Britain does have an economic model. It just happens to be a consumer website.
I wrote something about the moneysavingexpert economy and why it's facing an existential crisis. And why this isn't just a UK issue...
Have a read👇
edconway.substack.com/p/the-…
After watching this, it is mind boggling that Britain is re-embracing nationalisation. 1975: Time to Scrap British Rail? | The Money Programme: Beware of Train... youtu.be/YmRqNNyhIeo?si=03Jy… via @YouTube





























