Barcelona was battered, bruised and reeling from a weekend of civil unrest after an emotionally charged independence referendum for Catalonia, unsanctioned by the Madrid-based Spanish government, ensued into what appears as extremely heavy-handed treatment by riot police towards voters at polling stations. Read more
Posts from the ‘Scotland’ Category
An issue that been casting a long dark shadow over Westminster since June is the Grenfell Tower disaster and what led to the tragedy occurring. It throws a despondent light on the state of public housing procurement and the implementation of building regulations through the entire UK. Read more
The spring time terrorist attacks in both London and Manchester along with the Grenfell Tower fire tragedy in London’s Borough of Kensington and Chelsea have left a painful and fearful legacy in the UK at present. While the new diminished government barely copes. Read more
I’m looking forward to seeing the back of 2016.
However it’s not particularly as an investor that I’ll be glad to see the start of 2017 but as a voter. I have voted 5 times since 2014 in elections for EU, UK and Scottish parliaments, 1 Scottish referendum and in June 2016 the Brexit referendum. It has been the latter that has seemed to matter the most and it has caused all the political upset although markets have been benign about the result so far except with currency markets against Sterling. Unfortunately that does matter as prices are rising and inflation will creep back in to the UK RPI figures as 2017 progresses.
The performance of the FTSE 100 share index appears to be fine so far after the UK’s Brexit vote, to paraphrase Mungo Jerry’s 1970 hit ,” In the summertime,” before the UK joined the EU, with global investors seeing US and other major indices rise too.
The cliches maybe old and tired but they usually contain an element of truth this time on what happens now in UK politics – it’s anyone’s game, all is possible, the cat is out of the bag and who knows what tomorrow brings or the worst possible outcome of all would be cry havoc and let slip the dogs of war as Europe has often witnessed, and recently too with Bosnia in 1990’s and Ukraine now although on the EU periphery it’s geographically part of Europe.
The polling cards have been delivered and the debate is at large for the referendum on the United Kingdom remaining or leaving the European Union on the 23rd June 2016.
The election result was never in doubt in the May 2016 Scottish Parliament elections it was more about who came in second place. The governing SNP won the election easily with 63 out of the 129 seats only 2 short of an outright majority although losing its parliamentary majority did take the shine off an otherwise good result again for the SNP.
Part 1: Conservatives Surprise
The UK General Election in May 2015 brought an unexpected win majority win for David Cameron’s Conservative Party, with red faces for the pollsters.
The Labour Party had a disaster, almost being wiped out in Scotland and Shadow Chancellor Ed Balls losing his seat in West Yorkshire, frankly they have a mountain to climb as big as they faced since Michael Foot’s 1983 electoral defeat. The new UK and Scottish Labour leadership requires fresh faces with new ideas and a lot of patience, especially in Scotland where the SNP won a staggering 56 of 59 seats, to regain once loyal voters lost to the SNP by political attrition and inertia over decades. Read more
I think Ineos should drill as many wells as possible across Scotland to develop the UK shale oil revolution. It’s self-sufficiency staring us in the face. It won’t be like the US boom and regulators and environmentalists can and will play their part. Luddites and statists should stop moaning and realise the opportunity- if they still harbour their dreams-a vibrant shale oil and gas sector along with North Sea and the West of Shetland oil fields, wind, solar and tidal projects elsewhere Scotland could be a powerful self-sufficient exporter of energy.