Independent trader since 1998. Indices, FX, Commodities and Bonds. Views are my own. Reposts do not imply endorsement.
Italy/UK
Joined June 2022
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Colin Iveson retweeted
Now we can see the OBR and HMT Red book. The MOD faces a real term CUT to day to day spending of nearly 0.5% (RDEL) in 27/28. That’s money we spend on training, ammunition, maintenance and operations. So the Chancellors son in the Reserves will have even less training and ammo.
Colin Iveson retweeted
Big row potentially brewing on defence…
Tories alleging that Healey - the man of principle who quit over DIP - might actually be *cutting* defence spending
In the next two financial years, the budget for the MOD will be £1bn a year less than Rachel Reeves planned when the DIP was published in June.
The total departmental spending can be calculated from the Budget Red Book pages 145-147. When compared to the DIP settlement, the Tories claim it shows that Labour are cutting £1bn a year from the MOD budget for the next two years.
Why? It appears that they are forecast to spend less than expected on pensions. Rather than the MOD being allowed to reuse this Resource Department Expenditure Limit, the Treasury has kept it
Cartlidge: “This is a complete dereliction of duty from the Chancellor”
Colin Iveson retweeted
Israel's President Herzog is pushing for a government led by Netanyahu for the next two years, in exchange for his resignation at the end of his term and a full pardon in his trial - Israel's Channel 14 News
Colin Iveson retweeted
BREAKING
The OBR suggests that successive increases in the national living wage and the employment rights act will hit jobs
It says the employment right act will have a ‘negative economic impact’ and hit businesses through ‘increased uncertainty, lost flexibility and higher Labour related costs’
It says that these will ‘more than offset’ any potential increase in productivity
Colin Iveson retweeted
fees like lots of fiddling, short-term things, new complications - a 'young entrepreneurs allowance', 'starter ISA', different business rates exemption threshold for retail, leisure & hospitality ... etc . I don't hear a clear, coherent vision or a simplification of tax system
Colin Iveson retweeted
Here's the real story of this Budget, the can being kicked down the road. This Labour government is apparently planning spending cuts on most areas of public service spending of 2.6% per year between 2028-29 and 2031-32.
Pull the other one. It's got bells on.
Colin Iveson retweeted
The number of UK businesses facing financial distress has hit its highest level in more than 20 years.
Insolvency specialists BTG's Red Flag Alert report revealed that 738,144 businesses were in significant financial distress in the third quarter of 2026, the highest number since its began in 2004.
Separate research from Novuna Business Finance found that 86% of small businesses fear that Budget announcements will negatively affect their finances and growth prospects and only 26% expect their business to grow this year.
Healey's budget should roll back the Starmer-Reeves tax attacks on business if it is to have any positive effect on economic growth.
Colin Iveson retweeted
Scrapping the standing charge for household gas is a redistribution from high volume users, to low volume users. Average of £45/year gain for the beneficiaries likely to be swamped by a £900/year ratchet-up in the Energy Price Cap.
Colin Iveson retweeted
Anthropic plans to IPO on Nov 16
Problem: SEC won’t let you list on stale books. S-1 financials (FYI still a draft) can’t be older than 134 days and theirs run out on Nov 12
So after the 12th Anthropic either disclose the latest numbers it is trying not to… or they don’t IPO
Colin Iveson retweeted
NEW!! U.S. and Russian teams have discussed a sweeping slate of potential energy and commercial deals, including Russian diesel sales, Lukoil’s overseas assets and a possible revival of Nord Stream gas flows to Europe, two U.S. officials informed about the talks told me
1/2
Colin Iveson retweeted
Queen Elizabeth making her very last ride through Scotland. She arrived walking, she left in arms and burial palms.
It was an end of an era.
Colin Iveson retweeted
Why Anthropic has a major China problem ahead of its blockbuster IPO
app.hedgeye.com/insights/188…
Colin Iveson retweeted
BURNHAM FLASHBACK: Rejoining EU Would 'Undermine Everything I've Said About Strengthening Democracy' order-order.com/2026/10/27/b…
Colin Iveson retweeted
EXC: Government's Own Statistics Show Rising Majority of Public Opposes Labour Energy Policy order-order.com/2026/10/27/e…
Colin Iveson retweeted
May this year.
"I am not proposing that the UK considers rejoining the EU.
I respect the decision that was made at the referendum, and it would undermine everything I’ve said about strengthening democracy if we don’t respect that vote."
Colin Iveson retweeted
More worrying news on inflation and for interest rates... ☹️
BRC survey finds shop price inflation jumped to 2.1% year on year in October, from 1.4% in September.
"The dam is starting to break on the huge wave of costs retailers have absorbed over the last two years."
brc.org.uk/news-and-events/n…
