LEAVE the Conservative Party and save your country!

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  • Stevo_666
    Stevo_666 Posts: 61,405
    rjsterry said:

    Stevo_666 said:

    Pross said:

    Stevo_666 said:

    Pross said:

    Sunak's welcome to the new Mid Beds MP at PMQs today was actually quite amusing.

    And a good skewering of the inconsistency of Labour's approach to housing into the bargain.
    Have to agree to differ there. He accused Starmer of not taking risks then tried to criticise him for a risky policy of building in Greenbelt. It’s classic of this Government that they’ll think people will forget what they just said and miss their inconsistencies.
    He pointed out that the two new Labour MPs had promised to oppose new housing developments and to protect green spaces in their constituencies, rather at odds with Starmer the YIMBY.
    Standard procedure for any by-election, no? Is there not a local hospital that needs saving,then? 😁
    Maybe, but still clearly inconsistent.
    "I spent most of my money on birds, booze and fast cars: the rest of it I just squandered." [George Best]
  • First.Aspect
    First.Aspect Posts: 17,167
    Stevo_666 said:

    rjsterry said:

    Stevo_666 said:

    Pross said:

    Stevo_666 said:

    Pross said:

    Sunak's welcome to the new Mid Beds MP at PMQs today was actually quite amusing.

    And a good skewering of the inconsistency of Labour's approach to housing into the bargain.
    Have to agree to differ there. He accused Starmer of not taking risks then tried to criticise him for a risky policy of building in Greenbelt. It’s classic of this Government that they’ll think people will forget what they just said and miss their inconsistencies.
    He pointed out that the two new Labour MPs had promised to oppose new housing developments and to protect green spaces in their constituencies, rather at odds with Starmer the YIMBY.
    Standard procedure for any by-election, no? Is there not a local hospital that needs saving,then? 😁
    Maybe, but still clearly inconsistent.
    Neonatal units are best for emergency candidate assistance.

  • First.Aspect
    First.Aspect Posts: 17,167
    rjsterry said:

    Stevo_666 said:

    Pross said:

    Stevo_666 said:

    Pross said:

    Sunak's welcome to the new Mid Beds MP at PMQs today was actually quite amusing.

    And a good skewering of the inconsistency of Labour's approach to housing into the bargain.
    Have to agree to differ there. He accused Starmer of not taking risks then tried to criticise him for a risky policy of building in Greenbelt. It’s classic of this Government that they’ll think people will forget what they just said and miss their inconsistencies.
    He pointed out that the two new Labour MPs had promised to oppose new housing developments and to protect green spaces in their constituencies, rather at odds with Starmer the YIMBY.
    Standard procedure for any by-election, no? Is there not a local hospital that needs saving,then? 😁
    I've just read that Zwift have built more news roads in Watopia.

    Mark Drakeford is opposed to it.
  • Pross
    Pross Posts: 43,463
    Trying to keep NIMBYS on side certainly applies on all sides. I was reading about a development in Coventry that was recently granted permission on appeal. It had been allocated in the local plan, was a Brownfield site, was supported by the Council’s own technical officers and I think there was even some Council funding towards it. The Councillors on the planning committee voted on Party lines and it got refused due to the Labour vote.

    Unsurprisingly it was overturned on appeal with the Council having to pay significant costs all because Councillors decided to play politics instead of working to their own policies.
  • rjsterry
    rjsterry Posts: 29,553
    Stevo_666 said:

    rjsterry said:

    Stevo_666 said:

    Pross said:

    Stevo_666 said:

    Pross said:

    Sunak's welcome to the new Mid Beds MP at PMQs today was actually quite amusing.

    And a good skewering of the inconsistency of Labour's approach to housing into the bargain.
    Have to agree to differ there. He accused Starmer of not taking risks then tried to criticise him for a risky policy of building in Greenbelt. It’s classic of this Government that they’ll think people will forget what they just said and miss their inconsistencies.
    He pointed out that the two new Labour MPs had promised to oppose new housing developments and to protect green spaces in their constituencies, rather at odds with Starmer the YIMBY.
    Standard procedure for any by-election, no? Is there not a local hospital that needs saving,then? 😁
    Maybe, but still clearly inconsistent.
    Obviously. There's always some idiot opposing building. A win's a win though.
    1985 Mercian King of Mercia - work in progress (Hah! Who am I kidding?)
    Pinnacle Monzonite

    Part of the anti-growth coalition
  • rjsterry
    rjsterry Posts: 29,553
    The story that Hunt is considering a new type of ISA to ease the housing shortage is so hilariously out of touch it must be satire.



    Surely?
    1985 Mercian King of Mercia - work in progress (Hah! Who am I kidding?)
    Pinnacle Monzonite

    Part of the anti-growth coalition
  • First.Aspect
    First.Aspect Posts: 17,167
    rjsterry said:

    The story that Hunt is considering a new type of ISA to ease the housing shortage is so hilariously out of touch it must be satire.



    Surely?

    He could announce tax free money tree seeds at this point. He's stepping down, what's it matter?
  • Pross said:

    Trying to keep NIMBYS on side certainly applies on all sides. I was reading about a development in Coventry that was recently granted permission on appeal. It had been allocated in the local plan, was a Brownfield site, was supported by the Council’s own technical officers and I think there was even some Council funding towards it. The Councillors on the planning committee voted on Party lines and it got refused due to the Labour vote.

    Unsurprisingly it was overturned on appeal with the Council having to pay significant costs all because Councillors decided to play politics instead of working to their own policies.

    Where’s this out of interest?
  • Pross
    Pross Posts: 43,463

    Pross said:

    Trying to keep NIMBYS on side certainly applies on all sides. I was reading about a development in Coventry that was recently granted permission on appeal. It had been allocated in the local plan, was a Brownfield site, was supported by the Council’s own technical officers and I think there was even some Council funding towards it. The Councillors on the planning committee voted on Party lines and it got refused due to the Labour vote.

    Unsurprisingly it was overturned on appeal with the Council having to pay significant costs all because Councillors decided to play politics instead of working to their own policies.

    Where’s this out of interest?
    It was this one https://edemocracy.coventry.gov.uk/documents/s55014/Application OUT20213576 - Land off Abbotts Lane and Upper Hill Street.pdf

    I've had no involvement in it, I just saw a LinkedIn post about in from the developer's barrister. It seems to have originally been allocated for 100 large homes and the application was made based on around 700 flats concentrating on providing housing for first time buyers / singles. A few locals didn't like it and about 150 signed petitions which seems to have been the basis for the Labour councillors to reject it on grounds that had no basis (their own officers covering those issues recommended approval). It was also supported by the West Midlands mayor and the West Midlands Combined Authority had provided £6 million towards remediating the site.
  • Got the interview that Johnson no doubt dreams of.



    I wonder what questions he'll ask Musk.
  • briantrumpet
    briantrumpet Posts: 20,349

    Got the interview that Johnson no doubt dreams of.



    I wonder what questions he'll ask Musk.

    How to wind up the woke lefties even more?

    Perhaps best not to ask him how to get even richer, given Xitter has (reportedly) lost 90% of its value since Musky bought it.
  • Pross
    Pross Posts: 43,463

    Got the interview that Johnson no doubt dreams of.



    I wonder what questions he'll ask Musk.
    Do you have any well paid jobs? I’m available from next year sometime and am highly qualified to ruin the next business you buy.
  • focuszing723
    focuszing723 Posts: 8,151
    edited October 2023



    That's growth/employment improving the balance of payments. Where do you think economic growth comes from?

    What's the point of building all these new houses without any jobs?

    Brian, we need growth to pay the teachers... Pross, we need ambitious businesses to create vibrant areas/developments providing even more indirect jobs.

    Growth!
  • focuszing723
    focuszing723 Posts: 8,151
    How can I encourage you to create jobs in the UK?
  • focuszing723
    focuszing723 Posts: 8,151
    How can we encourage/help our top Universities to create more tech/business entrepreneurs?
  • focuszing723
    focuszing723 Posts: 8,151

    Wish we had a money tree, alas.
  • rick_chasey
    rick_chasey Posts: 75,661
    edited October 2023

    How can we encourage/help our top Universities to create more tech/business entrepreneurs?

    UK doesn’t have an entrepreneur problem. In fact it’s one of its strengths. Cambridge is one of the world leaders in turning research into business opportunities.

    UK has a scaling problem. They don’t often get to that big size; they stay SMEs.
  • focuszing723
    focuszing723 Posts: 8,151

    How can we encourage/help our top Universities to create more tech/business entrepreneurs?

    UK doesn’t have an entrepreneur problem. In fact it’s one of its strengths. Cambridge is one of the world leaders in turning research into business opportunities.

    UK has a scaling problem. They don’t often get to that big size; they stay SMEs.
    I would argue we don't get the venture capitalists akin to the US. That's how Musk was able to kick start his business. I did say help.
  • First.Aspect
    First.Aspect Posts: 17,167
    edited October 2023

    How can we encourage/help our top Universities to create more tech/business entrepreneurs?

    UK doesn’t have an entrepreneur problem. In fact it’s one of its strengths. Cambridge is one of the world leaders in turning research into business opportunities.

    UK has a scaling problem. They don’t often get to that big size; they stay SMEs.
    Oxford and Cambridge are okay, but there are proportionally more innovative universities and none of the UK universities are very good at it.

    Also, SMEs everywhere fall into the valley of death. They don't stay as SMEs if they can't survive between investment rounds though, they just cease to exist. What the UK lacks is not scaling, it is patience.
  • rick_chasey
    rick_chasey Posts: 75,661

    How can we encourage/help our top Universities to create more tech/business entrepreneurs?

    UK doesn’t have an entrepreneur problem. In fact it’s one of its strengths. Cambridge is one of the world leaders in turning research into business opportunities.

    UK has a scaling problem. They don’t often get to that big size; they stay SMEs.
    I would argue we don't get the venture capitalists akin to the US. That's how Musk was able to kick start his business. I did say help.
    This is really annoying me as it's totally wrong.

    I'm happy to slate the UK, but the UK has continent leading entrepreneurship (almost double Germany!) and the most mature PE and VC ecosystem in the continent too.

    https://www.economist.com/britain/2022/06/21/britain-is-a-great-place-to-start-a-company-but-a-bad-one-to-scale-it-up

    This article covers it well.
    Britain is a great place to start a company, but a bad one to scale it up
    is the title.

    It's a combo of struggling to get to the first round of funding, which the UK suffers more from than any other western country, and even those that do, they really struggle to get access to capital.

    That is partly why the govt is eyeing up those pension investment reforms that @surrey_commuter is so against > big institutional investors are a good source of capital for those kinds of firms - if the rules allow.
  • rick_chasey
    rick_chasey Posts: 75,661
    edited October 2023

    How can we encourage/help our top Universities to create more tech/business entrepreneurs?

    UK doesn’t have an entrepreneur problem. In fact it’s one of its strengths. Cambridge is one of the world leaders in turning research into business opportunities.

    UK has a scaling problem. They don’t often get to that big size; they stay SMEs.
    Oxford and Cambridge are okay, but there are proportionally more innovative universities and none of the UK universities are very good at it.

    UK has more "deep tech" start ups than any other country in the world bar the US, and proportionally substantially more. "Okay" doesn't really cover it. It's pretty much world leading, and a British success story.

    Not quite sure why me of all people needs to cheerlead the UK's success, but it should be unsurprising that at the intersection between the two industries where Britain is a world leader is a success story.
  • focuszing723
    focuszing723 Posts: 8,151

    How can we encourage/help our top Universities to create more tech/business entrepreneurs?

    UK doesn’t have an entrepreneur problem. In fact it’s one of its strengths. Cambridge is one of the world leaders in turning research into business opportunities.

    UK has a scaling problem. They don’t often get to that big size; they stay SMEs.
    I would argue we don't get the venture capitalists akin to the US. That's how Musk was able to kick start his business. I did say help.
    This is really annoying me as it's totally wrong.

    I'm happy to slate the UK, but the UK has continent leading entrepreneurship (almost double Germany!) and the most mature PE and VC ecosystem in the continent too.

    https://www.economist.com/britain/2022/06/21/britain-is-a-great-place-to-start-a-company-but-a-bad-one-to-scale-it-up

    This article covers it well.
    Britain is a great place to start a company, but a bad one to scale it up
    is the title.

    It's a combo of struggling to get to the first round of funding, which the UK suffers more from than any other western country, and even those that do, they really struggle to get access to capital.

    That is partly why the govt is eyeing up those pension investment reforms that @surrey_commuter is so against > big institutional investors are a good source of capital for those kinds of firms - if the rules allow.
    I'm just glad you're being positive about the UK, so I won't argue.

    Great to hear.
  • rick_chasey
    rick_chasey Posts: 75,661
    The bigger challenge is the 3 of the 5 firms that are generating the main public market returns in the US, none existed before 1990. The only big UK stocks are mining&drilling companies. a very old, very boring bank and one pharma firm that's so out of touch all its new developments occur outside the firm and they then acquire them, rather than developing them in house.

    The bridge from VC to big behemoth company is where the UK is struggling, and apparently that's one of the major components to the productivity puzzle.
  • Are we pretending that Elon has improved twitter and that's a great logo to put on Number 10?

    Maybe he could ask him about Ukraine.
  • shirley_basso
    shirley_basso Posts: 6,195
    edited October 2023
    The issue with the UK VC ecosystem now is the lack of experience of scaling up to unicorn status at speed.

    Historically USA had all the money, invested loads, likely lost a lot, but now have lots of serial scale up CEOs who can grow billion dollar companies.

    The UK now has a LOT more capital than previously but lacks the expertise - the reason that VC-backed companies in the UK seemingly stay small is not that they get stuck, but mainly because they exit early.

    I don't know if there's any truth in this, but I wonder if scaling a company in the US is easier as it's way bigger and you can create something huge within the confines of the country border. UK companies would all need to go overseas which just adds a layer of complexity.
  • How can we encourage/help our top Universities to create more tech/business entrepreneurs?

    UK doesn’t have an entrepreneur problem. In fact it’s one of its strengths. Cambridge is one of the world leaders in turning research into business opportunities.

    UK has a scaling problem. They don’t often get to that big size; they stay SMEs.
    I would argue we don't get the venture capitalists akin to the US. That's how Musk was able to kick start his business. I did say help.
    This is really annoying me as it's totally wrong.

    I'm happy to slate the UK, but the UK has continent leading entrepreneurship (almost double Germany!) and the most mature PE and VC ecosystem in the continent too.

    https://www.economist.com/britain/2022/06/21/britain-is-a-great-place-to-start-a-company-but-a-bad-one-to-scale-it-up

    This article covers it well.
    Britain is a great place to start a company, but a bad one to scale it up
    is the title.

    It's a combo of struggling to get to the first round of funding, which the UK suffers more from than any other western country, and even those that do, they really struggle to get access to capital.

    That is partly why the govt is eyeing up those pension investment reforms that @surrey_commuter is so against > big institutional investors are a good source of capital for those kinds of firms - if the rules allow.
    That really annoys me that the market deems something too risky so the Govt is going to invest some poor sod's pension fund in it instead.

    If the cvnts had funded public sector DB schemes they could use that.
  • The bigger challenge is the 3 of the 5 firms that are generating the main public market returns in the US, none existed before 1990. The only big UK stocks are mining&drilling companies. a very old, very boring bank and one pharma firm that's so out of touch all its new developments occur outside the firm and they then acquire them, rather than developing them in house.

    The bridge from VC to big behemoth company is where the UK is struggling, and apparently that's one of the major components to the productivity puzzle.

    surely market size is an issue.

    There must also be a mentality problem - if I had a little company and Google offered me £20m I would bite their hand off
  • Jezyboy
    Jezyboy Posts: 3,605
    How many of the unicorns have a large (perhaps unhealthy) degree of hype around them?

    Many of the tech companies are frankly ****ing weird organizations. Twitter got rid of 80% of it's staff, in a year, and is basically still a functioning company. Imagine if a traditional consumer goods or manufacturing company had done that. It would be expected to have a far higher impact on the companies productivity.
  • TheBigBean
    TheBigBean Posts: 21,915

    The bigger challenge is the 3 of the 5 firms that are generating the main public market returns in the US, none existed before 1990. The only big UK stocks are mining&drilling companies. a very old, very boring bank and one pharma firm that's so out of touch all its new developments occur outside the firm and they then acquire them, rather than developing them in house.

    The bridge from VC to big behemoth company is where the UK is struggling, and apparently that's one of the major components to the productivity puzzle.

    surely market size is an issue.

    There must also be a mentality problem - if I had a little company and Google offered me £20m I would bite their hand off
    Then your company can join the long list of those killed by Google.

    https://killedbygoogle.com/
  • The bigger challenge is the 3 of the 5 firms that are generating the main public market returns in the US, none existed before 1990. The only big UK stocks are mining&drilling companies. a very old, very boring bank and one pharma firm that's so out of touch all its new developments occur outside the firm and they then acquire them, rather than developing them in house.

    The bridge from VC to big behemoth company is where the UK is struggling, and apparently that's one of the major components to the productivity puzzle.

    surely market size is an issue.

    There must also be a mentality problem - if I had a little company and Google offered me £20m I would bite their hand off
    Exactly - especially as there's no "Silicon Valley" in the UK where people are crowing to be billionaires. £5-£10m goes a long way in the UK.