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Im no fan of Truss but 100bn to keep energy prices low is significant assistance. It’s going to be a painful time for a lot of people though. We’ve lived in a false world during Covid with furlough, printing loads of money, propping up businesses etc. this was always going to come to some...

Agreed. If it goes into administration first the administrators will have to do a conduct report though. Looks like administration is the likely process unless a solvent deal is secured, how they exit is the unknown

They might be able to get one more moratorium down at the end of the initial ten days which would extend for another 10 days. Depends on what’s happening and if a solution is possible If it goes into administration it’s the administrators job to try to get the most for the assets, creditors...

The economy has probably been propped up to some extent this year due to continued gas/oil purchases and prices going through the roof, however, revenues will start dwindling now they’ve turned the gas taps off and oil prices have dropped. Add to that sanctions that stop certain parts, tech etc...

7000 was nothing in the grand scheme of things and I think there has actually been a net increase in UK roles post Brexit. The roles moved (created) because companies were forced to set up new EU operations so we can’t woo most/all of them back. As I said the bonus cap decision is a minor...

I suppose it depends on whether ACKs liabilities outweigh the potential value of the lease/stadium. I’m not sure what security/cross guarantees etc might be in place as well Also, uncertain future income with Wasps potentially struggling to survive (certainly in Prem) and SISUs longer term ‘own...

I’m not sure people even bother to read my posts properly these days 🤷‍♂️😂 But either way, as you say, it’s relatively insignificant in the grand scheme of things. It’s been done to try to diverge from EU on some banking regs as they won’t give equivalence. If it encourages more employment and...

As I said, there’s plenty of better, more effective ways to achieve her goals

Ps I’ve read various commentary on bankers bonuses. Again, I have no issue with it on its own. firstly, the higher the bonus, the more the in individual has earned for the bank, the higher the income tax and corporation tax generated. In addition, I understand that many banks ended up just...

Can’t disagree with a lot of that shmmeee, I was commenting on the propping up energy companies comment. I’m terms of wider policy, she’s obviously going for ‘growth’ and trying to encourage investment. I haven’t got an issue with this, however, it should be done in conjunction with helping...

I haven’t commented on who’s side I think she’s on and said before I have big reservations about her generally.

Exactly and a rugby club losing £10m pa ?! I still think the stadium is probably only of interest to someone with us in it Can’t see SISU buying it (no cash) but could see someone considering a move for the stadium and us…whether that would include Wasps as well 🤷‍♂️

Propping up energy companies is a bit unfair. Energy companies would be ok buying at wholesale price and selling onto customers. The fact is people would freeze and business would go bust if they did that with no cap/freeze at the moment The government assistance being provided is a good...

Save the company would require all creditors to be paid in full or exit Admin via CVA (creditors agreeing to compromise their liabilities and receive Xp in the pound - HMRC will be all over this if that happened !) On a personal level I don’t really give a toss about Wasps/trading side of...

It potentially puts the stadium/long lease on the open market for sale, which as suggested before might attract offers for CCFC and stadium

And they’re going into admin as well looking at link above. How does ACL tie in with the bondholders and their security ?

This is right LG. The administrators duty is to maximise realisations for creditors, SISU had the main economic interest in the CCFC administration, there are significant external creditors in Wasps admin. Any secured creditor(s) can ultimately choose their own administrator, if they don’t...

At the moment inflation is so far above interest rates people can borrow 100000 to buy an asset at say 3% so you’d pay 103,000 back next year and the assets worth 110000 due to 10% inflation. That encourages more borrowing/spending ….thereby pushing up prices and maintaining inflation. What’s...

Not sure where the data came from to produce the video but had to check as it looked a bit OTT and the Twitter feed name suggests there might be a slight bias 😊 Thought it might be something to do with split between goods/services but gov data indicates goods exports continued to grow after 2016...

Decent enough points Weds and today. Said it before a couple of times, that Millwall fuck up is the problem, if we’d won that it would all look/feel a lot better