Prakash Hinduja is Indian born Swiss. His brother S.P Hinduja was Indian born British and the billionaire head on the Hinduja company until his death last year. The company itself is Indian, so the British connection died last year and was somebody not involved in the case. This was a Swiss trial of a swiss family.
Plus… Let’s face it. People with this level of money choose their nationality based on financial or business reasons. Wherever gives them the best tax break.
Nationalise them all. Then subsidised the shit out of them, build new tracks build new stock. Fuck it let’s party like 1840. (I know railways weren’t nationalised then).
Also railways should own the land around the station.
Also the government should own downtown. But both of those are different matters.
Private firms that lease out trains for Britain’s railway have seen their profits treble in a year, with more than £400m paid in dividends, official figures show.
The rolling stock companies paid out a total of £409.7m to shareholders and profit margins rose to 41.6% in 2022-23, according to the Office of Rail and Road, as the rest of the railway was told to make swingeing cuts and salaries were frozen. Taxpayer subsidies are still running at twice pre-pandemic levels.
I’m glad they’re talking about Jewish schools for once. I used to got to a school like that and all I usually see in the public domain is atheists bashing Christians, this is a breath of fresh air.
One man, who attended the show with his wife and friends, told the BBC the incident happened about five minutes from the end of Mr Currie’s show after the comedian had unveiled both a Ukrainian and Palestinian flag in front of the 200-strong audience.
“He started waving it around and some audience members stood up - he encouraged a standing ovation,” said the man, who wished to remain anonymous.
Parcel delivery firms will be getting hit hard by the cost of living crisis and the sad thing is other delivery firms will easily be able to absorb the Yodel contracts without needing to take on (m)any new people, so those 10,000 workers will be largely out on their ear.
2 things that come to mind: the Maddie McCann stories get rolled out when something needs to be distracted from, so what’s the thing we’re not meant to be paying attention to this time? And secondly; The McCann’s should both be jailed for quite obvious child neglect, they were at a restaurant when this happened, and left Madeleine back at their holiday let. Seems proper fishy that nothing happens there.
It’s a good and interesting article, though I was under the impression that another contributor was all the empty city centre properties being “sat on” by large property holding companies, or as “theoretical money” by pension companies.
I’m not confident I 100% understand it, but the gist is:
In the skint run-down “lovable shithole” I live in, a fair chunk of the city centre has been boarded up for years and years. If you want to rent one of those units? Still £20k a year. It never dropped from its prime.
Why don’t they lower the rent, rather than let it sit derelict?
If they rent it out for £5-10k a year, it’s only worth £5-10k a year.
If it used to be rented for £20k a year, and nobody rents it, because nobody wants to pay that much, it’s still “worth” £20k a year in someone’s asset portfolio, and you can borrow money based on the theoretical value of the property, or sell it on to another developer/holding company based on its theoretical value.
So in theory, there’s plenty of smaller shops/businesses that would use these units if the rents were lowered to something affordable, but none of the owners want to lower the rents, as it “devalues the asset”.
Therefore we have a city full of small businesses desperate for premises, and a city full of semi-derelict boarded-up shop units.
I work for a a UK food manufacturer which did export 40% to the EU. The added costs of getting food over to EU resulted in the sales teams having to renegotiate the selling prices to EU customers. Most basically said no. Why should they pay a higher price when they can source the same type of product within the EU at a lower price. The big EU buyers stopped trading with us.
When politicians say businesses need to adapt I really have no idea what they have in mind when they say that. We are not in a position to demand customers pay more. And most businesses aren’t in a position to swallow additional costs. The only reason our business didn’t sink is because it’s part of a much larger group so was able to flatten out the financial impact by borrowing internally.
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