5 hours ago
I start with why Malcolm is talking tosh on tobacco stocks and inflation and move onto Tata in Port Talbot. The bulk of the podcast covers my damning expose of NightCap (NGHT) which is the sort of journalism which really excites me and makes me think I’d never retire. It is shocking and I explain what should happen next, for any Allenby employees listening!
2953 days ago
King Canute has cut short an Easter break, where he pretended not to be posh, to fly home to deal with the steel crisis. You see the sky is falling in and chicken little pretends that by calling an emergency summit he can fix it just like that. It is all make believe of course. This is the fantasy world of Call Me Dave where our super-hero has to be see rolling up his sleeves and doing something.
The problem is that Tata wants to leave the UK steel business as it is losing money hand over fist. What can Dave do to save 15,000 jobs in the welfare safaris? History shows that he will consider chucking taxpayer cash down the pan to ease the problem. Sure he might save a few jobs, pro tem, but it is an incredibly expensive way for a Government running a huge deficit to make a point.
The reality
