[News] Nigel Farage and Reform

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TomandJerry

Well-known member
Oct 1, 2013
12,834
Seems like Luke didn't get the party message on net zero, quoted from the FT

"Reform UK mayor Luke Campbell signed up to a new body that backs green energy investment, despite his party nationally vowing to wage war on net zero and local renewables projects.

The document offers in effect a high-level investment prospectus, and notes three proposed wind farms, two current or planned hydrogen projects and a carbon capture scheme in Hull and East Yorkshire.

It also argues for further “large-scale solar” schemes in northern England."
 




Berty23

Well-known member
Jun 26, 2012
4,183
Seems like Luke didn't get the party message on net zero, quoted from the FT

"Reform UK mayor Luke Campbell signed up to a new body that backs green energy investment, despite his party nationally vowing to wage war on net zero and local renewables projects.

The document offers in effect a high-level investment prospectus, and notes three proposed wind farms, two current or planned hydrogen projects and a carbon capture scheme in Hull and East Yorkshire.

It also argues for further “large-scale solar” schemes in northern England."
To be fair doesn’t Tice have investments in green energy to? Very much do as I say not as I do.
 


Bodian

Well-known member
May 3, 2012
16,730
Cumbria
To be fair doesn’t Tice have investments in green energy to? Very much do as I say not as I do.
You mean they're investing in something they are publicly ridiculing? Personally doing the opposite of what they are spouting to grab votes? Surely not!

Next you'll be telling me that they actually like immigrants and marry foreigners and are based abroad for tax purposes!
 


TomandJerry

Well-known member
Oct 1, 2013
12,834
To be fair doesn’t Tice have investments in green energy to? Very much do as I say not as I do.
He thinks it's woke

"We got in touch with Richard Tice, deputy leader of Reform UK, to find out. He pointed us to his campaign against “woke net-zero-obsessed investments” that he thinks have underperformed in the parliamentary pension fund"

From the FT
 


Bodian

Well-known member
May 3, 2012
16,730
Cumbria
He thinks it's woke

"We got in touch with Richard Tice, deputy leader of Reform UK, to find out. He pointed us to his campaign against “woke net-zero-obsessed investments” that he thinks have underperformed in the parliamentary pension fund"

From the FT
Not sure what you're saying here though. Are you saying that Tice moans about net-zero investments purely because the don't earn him enough money? Not because he doesn't like them or think they're a good thing - because he clearly does
 




Bodian

Well-known member
May 3, 2012
16,730
Cumbria
And fortunately there is a guide dog training centre in Leamington and loads of them can be seen walking the streets with their trainers. It is amazing to watch from afar.
My dad had a guide dog, and it always amused me that we always had to contact them at 'Barkham Road, Wokingham'. Closed now though.
 


Bodian

Well-known member
May 3, 2012
16,730
Cumbria
So presumably the blessed Nigel has been busy in Parliament given this week’s EU deal and this being a thing he cares about?






Isn't Parliamentary Recess the time for MPs to take their foreign holidays? Can you imagine what Farage and the other reform numpties would say if a teacher said 'right, I've been very busy - I know it's term time, but I'm going to go on my first foreign holiday for a few years'.
 






dsr-burnley

Well-known member
Aug 15, 2014
2,991
Not sure what you're saying here though. Are you saying that Tice moans about net-zero investments purely because the don't earn him enough money? Not because he doesn't like them or think they're a good thing - because he clearly does
Exactly. The point is that if pension funds invest only in those investments which are considered suitable for net zero, they are unduly restricting themselves from investing in other funds which might be more profitable.

With my pension I was given the option by my financial adviser on restricting my investments to "ethical" funds or investing across the spectrum. Council pensioners ought to be offered the same choice - though as most of them are on final salary pensions, it probably matters less to them because all taxpayers will have to pick up the tab if their funds fall short.
 




Bodian

Well-known member
May 3, 2012
16,730
Cumbria
Exactly. The point is that if pension funds invest only in those investments which are considered suitable for net zero, they are unduly restricting themselves from investing in other funds which might be more profitable.

With my pension I was given the option by my financial adviser on restricting my investments to "ethical" funds or investing across the spectrum. Council pensioners ought to be offered the same choice - though as most of them are on final salary pensions, it probably matters less to them because all taxpayers will have to pick up the tab if their funds fall short.
Final salary pensions for council employees were scrapped in 2014. So, no council staff retiring now will be fully on final salary schemes, although some of those employed before 2014 will still have an element of it.

However, this is nothing to do with the Tice nonsense. His argument is that net-zero stuff is crap and we should get rid of it. Yet his own company saves money by installing solar panels on it's properties. Hypocrisy at its best.
 




Berty23

Well-known member
Jun 26, 2012
4,183
Final salary pensions for council employees were scrapped in 2014. So, no council staff retiring now will be fully on final salary schemes, although some of those employed before 2014 will still have an element of it.

However, this is nothing to do with the Tice nonsense. His argument is that net-zero stuff is crap and we should get rid of it. Yet his own company saves money by installing solar panels on it's properties. Hypocrisy at its best.
I am not sure. I think Farage slating home workers for dodging work while he takes holidays out of recess is better. T be fair they are o ly in recess for 17 or 18 weeks a year so he has to take his holiday at some point as can’t be expected to squeeze it in there.

Staggering people fall for his crap.
 


Bodian

Well-known member
May 3, 2012
16,730
Cumbria
I am not sure. I think Farage slating home workers for dodging work while he takes holidays out of recess is better. T be fair they are o ly in recess for 17 or 18 weeks a year so he has to take his holiday at some point as can’t be expected to squeeze it in there.

Staggering people fall for his crap.
But he's not had an overseas holiday for three years poor bloke - he needs it NOW.

(I've not been out of England & Wales since 2011, so I must be due loads!)
 






dsr-burnley

Well-known member
Aug 15, 2014
2,991
Final salary pensions for council employees were scrapped in 2014. So, no council staff retiring now will be fully on final salary schemes, although some of those employed before 2014 will still have an element of it.

However, this is nothing to do with the Tice nonsense. His argument is that net-zero stuff is crap and we should get rid of it. Yet his own company saves money by installing solar panels on it's properties. Hypocrisy at its best.
Then council staff will be distinctly concerned if their pension schemes are underperforming because of limiting their investment opportunities, and the staff ought to be given the chance to opt in or out of "ethical" investment restrictions..

Thanks for the clarification.
 


Bodian

Well-known member
May 3, 2012
16,730
Cumbria
Then council staff will be distinctly concerned if their pension schemes are underperforming because of limiting their investment opportunities, and the staff ought to be given the chance to opt in or out of "ethical" investment restrictions..

Thanks for the clarification.
Where has it been said that LGPS will limit investment opportunities in the way you imply? Have I missed something? The only restrictions I was aware of was not investing in dodgy countries and regimes and so on. Not being forced to only invest in net-zero stuff?
 


dsr-burnley

Well-known member
Aug 15, 2014
2,991
Where has it been said that LGPS will limit investment opportunities in the way you imply? Have I missed something? The only restrictions I was aware of was not investing in dodgy countries and regimes and so on. Not being forced to only invest in net-zero stuff?
In general, "ethical" restrictions are far more wide ranging. For example, they tend to exclude arms dealers - you might have noticed complaints that those companies that supply the UK armed forces are struggling to get investment. Also anything to do with fossil fuels, smoking, drinking, gambling, unhealthy food, as well as dodgy countries and human rights abuses.
 


Bodian

Well-known member
May 3, 2012
16,730
Cumbria
In general, "ethical" restrictions are far more wide ranging. For example, they tend to exclude arms dealers - you might have noticed complaints that those companies that supply the UK armed forces are struggling to get investment. Also anything to do with fossil fuels, smoking, drinking, gambling, unhealthy food, as well as dodgy countries and human rights abuses.
I would hazard a guess that most of my local government colleagues would rather not invest in any of them anyway. Not sure how would ever have an opt-in / opt-out scheme, unless you had a myriad of schemes tailored for each possibility. For instance you might not be bothered about drinking, but might not want to invest in arms dealers - whereas the next person might be okay with gambling but not smoking - and so on!
 




WATFORD zero

Well-known member
NSC Patron
Jul 10, 2003
29,255
Then council staff will be distinctly concerned if their pension schemes are underperforming because of limiting their investment opportunities, and the staff ought to be given the chance to opt in or out of "ethical" investment restrictions..

Thanks for the clarification.

What are you wittering on about now ? You do understand that Councils have pension committees set up to decide on their pension investments, it's not down to every member to decide on their own investments :facepalm:

And what has any of this bollox got to do with Tice going against his 'principles' whenever there's a chance to make a few quid, and Farage f***ing off on Holiday when the House of Commons are discussing the changes to his beloved Brexit ? The same Farage who couldn't be arsed to turn up to 41 of the 42 meetings where he was meant to be representing his beloved British Fishing industry ? It's almost like there's a pattern.
 
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Harry Wilson's tackle

Harry Wilson's Tackle
NSC Patron
Oct 8, 2003
60,277
Faversham
Then council staff will be distinctly concerned if their pension schemes are underperforming because of limiting their investment opportunities, and the staff ought to be given the chance to opt in or out of "ethical" investment restrictions..

Thanks for the clarification.
I'm in the university pension scheme.
We can select investment based on defined criteria, that range from highest yield to highest 'ethics' with something like 5 different 'baskets'. Obviously we don't select bespoke from a comprehensive list of millions of companies, or hundreds of different types of business.
I would imagine therefore that millions of people can do this with workplace pension schemes.
 


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