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Ignorantbliss

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Everything posted by Ignorantbliss

  1. https://www.theguardian.com/business/2021/oct/15/foreign-lorry-drivers-to-be-allowed-to-make-more-uk-deliveries-cabotage I suspect a career change to HGV driver has become a lot less attractive for many in the UK, who honestly believes they will not keep extending the scheme....
  2. Amazing actually just how expensive they are round here, this is the cheapest on the market at 69k. Dread to think the heating costs for that in the winter, or do you just wear multiple thick jackets instead with the added bonus of them cushioning you if you trip over. Quality of life over quantity looks more and more attractive. https://www.aspc.co.uk/search/property/384778/Park-Home-2-Benview-Park--Meadowside-of-Craigmyle/Inverurie/
  3. https://www.aspc.co.uk/search/property/373675/Kensington--Peterculter-Retirement-Park/Peterculter/ A snip at £225k...
  4. Oh, so sorry for making an observation based on what I've seen/heard, I'll shut up now seeing as observations are not apparently allowed. That "odd choice" is down to when I have receipts with that product showing a price change.
  5. Was shopping in Lidl last night and overheard two different groups complaining at how prices are going up quickly, so inflation is being noticed by joe public. Lidl have an app for discount coupons etc. What is interesting though is that it keeps a digital receipt for every transaction you make. Thus, tracking price changes over time for specific products you buy is easy to do. As example, trend over last year for a 1kg pack of 5% fat steak mince (bought in North Scotland, not sure if Lidl do any regional price differentials). 28th Sept 2020 = £4.75 19th July 2021 = £4.79 20th Sept 2021 = £4.89 11th Oct 2021 = £5.09
  6. Maybe just me, but that new Mail "get back to the office" slogan seems to be a mixture of these famous WW1 and WW2 posters.
  7. Really wish commentators would make the effort to get to understand more the fracking experience in the USA before spouting out about how easy it would be to replicate here. What commentators always forget to mention is that fracked wells are not like "traditional" oil and gas wells. Traditional wells take many years to become uneconomic to produce from (decades in fact for a lot of them in the North Sea). Fracked wells in complete contrast have extremely high production rates (which look great in PR graphs) - but that only applies for the first few months. Thereafter the production rates decline extremely rapidly, making wells uneconomic to produce from within just a few years. So the cost of gas production from fracked wells is a lot more than "traditional" gas wells producing from natural reservoirs as the fixed costs of drilling/producing the well have to be recovered over a much shorter period of time (i.e. cost of drilling the well, the cost of decommissioning the well etc). The really big issue though is that fracking for gas is utterly dependent on people being willing to tolerate the almost continuous drilling of multiple wells in close proximity to each other - directional drilling from a single drilling pad as Cuadrilla has been doing only helps a bit in mitigating the number of drilling locations needed. Now, are local communities here going to put up with that? They can get away with it in the USA for one simple reason - very low population densities in the drilled areas, where the other associated issues (pollution, seismicity) are of limited concern as there are few people affected by it. The geology here in the UK also doesn't help - the basins being drilled in the US are more homogeneous with less tectonic fracturing. Fracked gas is a valuable resource, but the economics behind it are dubious unless hydrocarbon prices are very high. The amount of debt racked up by the fracking companies in the US ($300bn+) is eye-watering and I do wonder if it's another potential black swan event as interest rate increases will absolutely kill the industry unless its supported by high oil/gas prices. It's a classic example of how quantative easing over the past decade+ has had interesting consequences - https://www.oilystuffblog.com/single-post/2017/10/30/us-oil-floated-on-cheap-money This blog site is really interesting if you want to get a old-book oilman's view of the industry these days - https://www.oilystuffblog.com/ Not that the debt issue has not been unreported over there, some recent articles... - https://www.washingtonpost.com/business/energy/shales-bust-shows-basis-of-boom-debt-debt-and-debt/2020/07/22/0e6ed98c-cc41-11ea-99b0-8426e26d203b_story.html https://www.ran.org/wp-content/uploads/2020/09/RAN_OCI_Fracking_Fiasco.pdf Also note that fracking in the US is mainly for oil, not gas (this is commonly burnt off as a byproduct as it cannot be brought to the market economically).
  8. Worry not, we're needed to launder all the money so they'll cut us a deal....
  9. https://www.theguardian.com/tv-and-radio/2021/oct/04/bridgerton-emmy-winner-marc-pilcher-dies-covid
  10. Interesting BBC article, goes to show the Scottish housing market is a bit different from elsewhere with the removal of government props. Note the begging plea from the builders to keep subsidising new houses. https://www.bbc.co.uk/news/uk-scotland-58684351
  11. https://theferret.scot/north-sea-oil-250-billion-tax-break/ https://www.woodmac.com/news/opinion/uk-north-sea-decommissioning-the-17-billion-challenge/ https://environment-analyst.com/global/74130/north-sea-og-decommissioning-to-cost-uk-government-24bn Really surprised the media does not discuss more the decommissioning costs for North Sea oil, a lot of this is financed via tax reliefs. Now is that a form of subsidy? The oil companies look at it as a tax refund, example below from Shell.... https://www.shell.co.uk/sustainability/decommissioning/brent-field-decommissioning/decommissioning-in-the-uk.html Shell and Esso will be paying the decommissioning costs for the Brent Field. The tax relief we will get back is not a subsidy or a new cost to the taxpayer – it’s a refund – i.e. the tax has already been paid by Shell and Esso in previous years
  12. https://www.gov.uk/government/statistics/uk-house-price-index-scotland-july-2021/uk-house-price-index-scotland-july-2021 All positive figures for this neck of the woods, awaiting now the ramping from the P&J.
  13. Aberdeenshire NE Scotland. Definitely more houses coming on for sale in the last month compared to earlier in the year and selling fast (couple of weeks) if they are in good nick and in the country. Not monitoring Aberdeen. Have to wait for the pricing information to make its way through to the land registry. Houses we viewed in May (around Banchory) have come up as going for the asking price. That in itself is a change as last few years they have normally sold just under the asking price.
  14. That's brightened the day. @HateNewbuild - Some entertaining posts on the site, love this.... This also has its highlights - @PlanningShit
  15. https://www.scottishhousingnews.com/article/highland-council-agrees-short-term-lets-limitations https://www.bbc.co.uk/news/uk-scotland-highlands-islands-58475117 This is basically a mirror of the situation in Cornwall with short term holiday lets destroying the rental market for locals. Going forward, looks like a change of usage will require planning permission. The local council seem to have the support of the Scottish Government so this will go through in the months ahead. What will be interesting to see in the long term is how many conversions they will actually allow, there are a lot of VI's in that area so risk of it being just a PR exercise. Also be fascinating to see if they roll it out to other parts of the Highlands - Skye in particular.
  16. Surprised this has not been put up already (or did I miss it). https://www.bbc.co.uk/news/business-58502618 Some interesting comments as well, must have been reading this forum.. Pity they are not allowing comments on the article.
  17. https://www.theguardian.com/food/2021/sep/09/penne-in-your-pocket-uk-shoppers-could-pay-up-to-50-more-for-pasta
  18. Had a browse of the local rescue centres and Pets4Home site just now and the most obvious change from a few weeks ago is that there are a lot more dogs appearing on the rescue sites. Most with behavioural issues as well, good luck in rehoming them... What does surprise me a bit more is that the prices are still very high for puppies in the local area (50 mile or so radius of Aberdeen) with the vast majority of listings being £1k+ and the fashionable mongrel types still going for £1.5k+. I was expecting prices to be getting back to 2019 values now that schools are back and furlough is ending (combined with the tepid local economy). Also had a look at some of the charity sites that specialise in importing rescue dogs from Europe. Some very slick websites - £600 for some gorgeous setters for example. https://www.settusfree.org.uk/available-setters/
  19. https://www.rightmove.co.uk/properties/113189366#/?channel=RES_BUY You know you've been on this site for too long when you see a clock like this and you immediately think of this thread!
  20. https://www.dailymail.co.uk/news/article-9958491/Bank-England-staff-uproar-woke-Governor-Andrew-Bailey-says-work-home-WEEK.html
  21. https://www.insider.co.uk/news/shell-confirms-plan-move-north-24901073 Good news for the coffee/sandwich shops nearby. Sign of the demise of the O&G majors in Aberdeen though, moving to an ugly office block at the wrong end of Union Street. Neighbour works for Shell and they are hating the move as the commute will be a lot worse, so making childcare a lot more difficult for them. They expect employee dissent to be low due to the ongoing layoffs plus lack of other employment opportunities.
  22. Indeed. Was the guardian for my aunt (North Scotland area) and it was a real eye-opener dealing with the care home - god help you if you have to go into one of them. Better to enjoy high living now and die of a heart attack than rot away in there with Alzheimer's. Over the 4 years she was in the home the monthly fee went from £3500 per month to £4700 per month at the end (2018), all self-funded through sale of her house. Every year she undoubtedly subsidised the council funded residents who paid the home £2800 per month at the end (vs the £4700 my aunt was paying). And that was for the same size room. When you challenged the home owners about the fee differential (all solicitors with new BMW X5's every year....) they would just say that the fee difference was down to "market conditions". Each year the care got worse, with the good staff leaving the industry completely to go back to the NHS, as the working conditions and pay were better there going by the ones I spoke to. The best care used to come from non-profit carers like the Church of Scotland, but they are pulling out due to the costs involved to leave just profiteers that care nought of the patient. To them, the people under their care are just commodities to be milked for as much money as possible, whilst providing just the legal minimum level of care required to stop closure by the care inspectorate. That is what worries me about all this new funding, the industry at the moment is too lightly regulated as the care inspections are so infrequent, and there is such a severe lack of capacity that there is no real competition to force standards up. Not a lover of government interventions but I would favour NHS non-profit homes being set up, as the free market as I've experienced it is morally bankrupt.
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