I don't know the detailed substance of the Tesco/British Land sale and leasebank transaction that the Guardian is exposing with glee as a sign of Great Evilness. But I do know some basic things about UK company and tax law, which suggest that the claim that Tesco will be able to avoid paying non-trivial amounts … Continue reading On tax and Tesco
It's generally a good rule of thumb to oppose anything that's favoured by the Daily Mail, assuming you have the slightest interest in economics or liberty, even if it doesn't obviously sound like a bad idea. Sunny at Liberal Conspiracy would've done well to follow the rule: In one stroke the Daily Mail has put … Continue reading Plastic bags are great – don’t ban them
Apparently, 40% of 14-year-old boys perform below the level expected for their age group in national tests, and this is a Terrible Thing. In other equally shocking news, which also comes as a devastating indictment of the government's failed education policies [etc etc ad nauseam], nearly 50% of people are of below-average intelligence.
John Lennon once spiked Jimmy Tarbuck's drink with amphetamines.
The hot drinks vending machine currently has a sign on it saying 'no tea'. Obviously, that made me think of this. I didn't try and get any 'no tea', though.
Sorry, has this man actually ever been to London or New York? At present we are offered a 'choice' between an oligopoly of three or four chains, all spending so much money on advertising and formulaic minimalist interiors, that they haven't got enough left over to spend on a filling, so have to make up … Continue reading The problem is you, not the sandwiches
[Sorry, it's a forward so I can't link the original...] "Munich Re has launched a bond programme under which $1.5bn in extreme mortality risk will be transferred to the capital markets.... Munich Re said that the programme would protect it against an exceptional rise in mortality after a major pandemic or similar event in the … Continue reading SPV of the week