Tim Bennett retweeted
Slavery was an evil in which people from every continent and region participated. We should be honest about the whole history, not select the parts that are politically convenient today, especially given Britain's leading role in ending the transatlantic slave trade.
If Caribbean countries are asking Britain for a formal apology for Britain’s role in the transatlantic slave trade, will they also be asking the same of the descendants of African kingdoms, rulers and merchants who captured, sold and profited from the trade?
On demands for reparations, whether through cash or debt relief, we have been down this track before. Twenty-five years ago, Jubilee 2000, Drop the Debt and Make Poverty History argued that cancelling the debts of poorer countries would give them a fresh start. More than $100 billion of debt was eventually written off, but many of those countries have since built up even bigger debts. Labour are already spending too much on Britain's welfare state, now is not the time for Andy Burnham to be providing global welfare.
There is no reason British taxpayers today should be held financially responsible for things that happened generations before any of us were born. And I have even less patience for political elites in commonwealth countries who don’t know how to make their own citizens prosperous now looking for another opportunity to blame Britain.
As Prime Minister, Andy Burnham should be Britain’s greatest defender. Instead, he is writing articles saying we need to confront our history (as if we haven't done enough of that) and considering another formal historical apology. Tony Blair already expressed Britain’s deep sorrow and regret for our role in the slave trade nearly twenty years ago. There is no need to do so again.
This is all another navel-gazing distraction. The Commonwealth should be looking forward, not endlessly backwards. That means economic partnerships to make us all richer and deeper military and security cooperation against common threats. If every Commonwealth summit becomes an exercise in presenting Britain with demands for cash then we need to start asking if it is worth the effort.
After a tame Budget, this week I return to a debate that is shaping the future of AI for investors.
m.youtube.com/watch?v=GZoj1S…
#financialeducation #ai #investing
Tim Bennett retweeted
🚨 BREAKING: A UK bank chief executive has said of Healey's budget:
"Taxing the engines of growth to reduce VAT on gherkins is end-of-Rome level of stupidity"
ft.com/content/80acb561-34e2…
Extract from an email. Find out more at killik.com/resources or Killik Explains on Youtube 👇
"We were talking the other day and my sister commented on how helpful the Tim Bennett chats and writings are. Tim is most helpful in educating the novice about stocks."
Is the Bank of Mum and Dad the key deteminant of success for young people. I spoke to Dr Eliza Philby, best-selling author of Inheritocracy to find out.
Full article at killik.com/guides/confidant-…
#financialeducation #inheritocracy #bankofmumandddad
James Gordon explains why proposed changes to the ISA rules are a bad idea and need reversing. Free copy of the full article and the rest of the Autumn issue of Confidant here:
killik.com/guides/confidant-…
#ISAs #Budget2026 #saving #investing
Took the kids to see Wildwood yesterday.
Pleasantly surprised that it was one of the best films I have seen in years. A visual storytelling feast!
10/10.
I run:
- An Apple iphone 17 for work
- A 6 year old Samsung a41 (android) for personal
The latter cost 80% less yet is equally reliable, with comparable battery life and camera (48 mps).
So, is the Apple premium worth it or are we all keeping up with the Joneses?
Paul Killik offers some advice to the Treasury ahead of tomorrow's Budget.
#Budget #tax #laffer #treasury
Full article free at killik.com/guides/confidant-…
The Autumn 2026 issue of Confidant is out. A few highlights:
- Paul Killik on the Budget
- A Budget checklist
- The Bank of Mum and Dad
- Investing in Japan
- UK mid-caps
- Help for bond investors
- ISA rule changes in April 2027
Free copy at: killik.com/guides/confidant-…
Tim Bennett retweeted
Burnham and Healey are gambling that they will get another chance to do a big budget. But they may look back on this as the best opportunity they had.
There are, to my mind, three possible explanations for their approach.
One is that they would rather not level with their MPs and the country now. The argument goes that they will be in a better place to confront the trade-offs next autumn. But political capital is a depreciating asset.
The second is that they are doing a Mr Micawber, hoping something will turn up to improve the public finances. That could be faster-than-expected growth or a big reduction in government borrowing costs. Either is always possible, but look around the world and you will see the opposite is expected.
The other possibility is that they are planning an early election. That would push the reckoning beyond polling day, giving them more flexibility. As I know all too well, elections are never risk-free.
The problem is that Wednesday’s budget, and the IMF’s praise for Britain, are founded on fantasy - the idea that the Labour Party will accept the tight spending limits that are meant to kick in as the next election approaches.
My preference would be for a budget that cut spending, reduced business taxes and enacted growth-enhancing supply-side reform. Yet with his party in no mood for cuts, you can see why Healey is likely to avoid doing anything too bold on Wednesday.
They will never have more room for manoeuvre than now. I know, having done both jobs, that you regret the decisions you don’t take far more than the ones you do.
More on the budget in my @thetimes column today 👇
thetimes.com/comment/columni…
Tim Bennett retweeted
The most important thing today is that Starlink and Starshield operations have been restored to the speeds we had before the restrictions. The speeds are now where they need to be. The restoration began overnight, and by this morning, speeds were already sufficient. This matters: for our frontline logistics, for defending Ukraine against jet-powered “shaheds.”
I thank all Americans and all our partners who took this seriously and truly helped – members of Congress, senators, all the media, the State Department, and the President. Protecting lives matters.
Tim Bennett retweeted
**You need to watch Zelenskyy's interview with Steven Bartlett.**
Sitting in front of the camera is an utterly exhausted, at times visibly broken man who has spent almost five years personally managing a war, making critical decisions day and night.
From the very first minutes, you can see just how drained he is. When asked the routine question, "How are you?" he replies that he barely sleeps because he spends his nights in military group chats, moving the last remaining air defense systems from one region to another.
Two stories are particularly heartbreaking.
The first is about a missile that struck a children's playground within seconds, while parents watched from their apartment windows as their children were torn apart.
The second is about presenting posthumous military awards to the families of fallen soldiers:
"You present an award to a father, feel his strong hand, and then he quietly asks, 'Can we hug?' At that moment, I simply cease to exist inside. These people are gone. They will never be the same again."
When the host tries to take him back into his past, showing old photographs from Kryvyi Rih, his student comedy performances, his voice acting as Paddington Bear, and scenes from *Servant of the People*, Zelenskyy looks at them with detachment, almost as though he is watching someone else's life.
He also recalls February 2022 without any attempt to portray himself as a hero.
He says that for the first 20 days, he simply ran from office to office on adrenaline, calling everyone he could and trying to organize deliveries of water and food to Kyiv.
Fear and the full realization of what had happened only caught up with him three weeks later, when Bucha was liberated and mass graves containing hundreds of murdered civilians were discovered.
Using Bucha as an example, he explains why advice from outsiders to simply negotiate a quick deal causes him such deep frustration:
"Imagine that in the United States or Britain, a mass grave is discovered containing 500 tortured people with their hands tied. How could you simply forgive everything after that?"
The rest of the conversation revolves around the deadlock in which Ukrainians, and indeed everyone involved, now find themselves.
Zelenskyy explains the causes of the war in simple terms: Moscow is trying to forcibly rebuild the Soviet empire because Ukraine's integration into Europe would finally bury that project.
But when the conversation turns to the present, there is unmistakable bitterness in his words.
Almost one-fifth of Ukraine's territory is occupied. The east is under relentless bombardment. Cities are left without electricity. People are dying every single day.
Meanwhile, every discussion about a ceasefire runs into the same demand: Kyiv must withdraw even farther from its fortified positions, without any guarantees that Russia will not launch another offensive a year later.
Toward the end, the conversation turns to Trump and Ukrainian strikes on Russian oil facilities.
Trump publicly reprimands Zelenskyy over attacks on Russian refineries because he fears rising diesel prices for American farmers ahead of the elections.
And this is where you can see just how deeply that approach affects Zelenskyy.
His country is burning.
Moscow has rejected his proposal for a mutual halt to attacks on energy infrastructure.
Patriot missiles paid for by Europe are being redirected by the Americans to the Middle East.
And somehow, Zelenskyy is the one being blamed for fuel prices in the United States.
The entire interview leaves you with a profoundly bleak feeling.
Here is a man trapped between the daily deaths of people in his own country and the pragmatic bargaining of allies who have their own elections, their own interests, and their own political calculations.
And yet, he can no longer step away from this responsibility.
**Watch it.**
Bond markets can "intimidate anyone" (James Carvell). Less than a week before the Autumn Budget, here is my reminder as to why.
youtube.com/watch?v=S1eE1_2i…
#financialeducation #bonds #autumnbudget #deficit #inflation #interestrates
Sent this to a friend and she took the advice on offer. Still one of the best from @StevenBartlett
m.youtube.com/watch?v=W2x46A…











