Peter Beal
peterpaddler.bsky.social
Peter Beal
@peterpaddler.bsky.social
Usually found with a coffee cup in hand
Landscape Photographer
My opinions are my own but I'm not afraid of hearing those of others & I'm willing to change all be it after a struggle
So the US is currently buying billions of $s worth of uranium, paladium and fertiliser from Russia. In doing so they’re breaking sanctions and their own law. Bloody hypocrites!!
December 5, 2025 at 6:02 PM
Reposted by Peter Beal
Bank of England waking up?

BOE to stress test private equity and private credit industries, can't compel firms to participate.

Some will volunteer, only to impose their will on the outcomes.

Industry is estimated to have assets of £8.23 trillion.

Govt pushing for deregulation.
Bank of England to stress test private credit firms as concerns grow
The central bank said it has launched a new exercise to stress-test the resilience of the market.
www.independent.co.uk
December 5, 2025 at 9:46 AM
Reposted by Peter Beal
Nike, Superdry and Lacoste ads banned over misleading green claims.

In the era of predatory capitalism lying, misinformation and fleecing have been normalised, to boost profits and exec pay.

No exec fined. No incentive to stop.
Nike, Superdry and Lacoste ads banned over green claims
The advertising watchdog said the retailers misled shoppers with their 'sustainability' claims.
www.bbc.co.uk
December 3, 2025 at 1:04 PM
Reposted by Peter Beal
Bank of England warns of AI bubble risk, "sharp correction" in the value of major tech companies.

Repetition of dotcom mania, binge funded by banks.

Govt response - deregulation and lower capital requirements for banks.

Strategy for avoiding the crash?
Bank of England warns of AI bubble risk
The central bank says US stock price valuations are their most stretched since the dotcom bubble burst.
www.bbc.co.uk
December 2, 2025 at 1:50 PM
Reposted by Peter Beal
Greenwash

England’s water industry issued £10.5bn in ‘green bonds’ despite pollution record.

Industry dumps tons of raw sewage in rivers, lakes and seas. Destroys marine life, biodiversity; creates health hazards.

And spineless regulators call them green bonds. Travesty.
England’s water industry issued £10.5bn in ‘green bonds’ despite pollution record
River Action says use of issuance tied to environmental benefits is ‘corporate greenwash on steroids’
www.theguardian.com
December 1, 2025 at 8:33 AM
Reposted by Peter Beal
At last the BBC push back against the household budget theory of public finances. High time, I have been pushing back against this for almost 15 years now.
Isn't it refreshing when someone actually does nuance and detail?

H/t @andyverity.bsky.social at the BBC!
November 29, 2025 at 9:39 AM
Reposted by Peter Beal
The stark difference in priorities between the Green Party and Labour has never been so clear.

Vote Green Party.

If you really want to send a clear message, then join the UK Green Party. It was one of my better decisions.
The Labour Government refused a 1% asset tax on the super rich, yet raised taxes on people already struggling.

All whilst their "black hole" turned out to be utter nonsense.

Active choices to refuse to fund our communities which they desperately need.

Join.greenparty.org.uk
Join the Green Party
Join the Green Party from just £6 a year. Become a member today - join the only party standing up for people and planet.
Join.greenparty.org.uk
November 29, 2025 at 4:55 PM
Reposted by Peter Beal
The UK government’s budget is simply managing decline.

The budget does little to improve living standards or facilitate sustained economic growth.

Can't grow economy by hiking taxes on low/middle income families.

Whatever happened to taxing the rich?
The government’s budget is simply managing decline
The budget does little to improve living standards or facilitate sustained economic growth
leftfootforward.org
November 28, 2025 at 12:29 PM
Typical response of the government. Dicking around with energy prices by cutting insulation subsidy.
A bold government would have restructured the market to stop energy from being priced at hi gas prices.
Failing that use the Rising block approach

www.jrf.org.uk/cost-of-livi...
Energy affordability: how to reduce bills for majority of households
The Government needs a new approach to tackling energy affordability, a rising block tariff could be the answer.
www.jrf.org.uk
November 26, 2025 at 3:55 PM
Reposted by Peter Beal
UK govt wants jury trials scrapped except for rape, murder, manslaughter or cases passing a public interest test.

What would toff judges do to protesters against bad laws, environmental and other issues.

Bad choice by a govt led by a human rights lawyer.
Justice secretary wants most jury trials scrapped
Only cases of alleged murder, rape or manslaughter will be decided by a jury under new proposals to cut court backlogs.
www.bbc.co.uk
November 26, 2025 at 7:46 AM
Reposted by Peter Beal
FCA makes inquiries into WH Smith accounting error that wiped £600m off value.

Company accounts are opaque and unfit for purpose, audited by firms hired/paid by companies.

Financial Reporting Council, funded and dominated by big business makes the rules.
FCA makes inquiries into WH Smith accounting error that wiped almost £600m off value
Regulator assessing whether firm breached UK disclosure rules for listed companies, but is yet to launch formal investigation
www.theguardian.com
November 26, 2025 at 8:06 AM
Reposted by Peter Beal
Budget 2025

One lesso: organise, inform, campaign, protest.

UK Govt wasted 18 months, condemned millions of children to poverty. Today govt announced end of the two child benefit cap.

7 MPs had Labour whip withdrawn for opposing the cap. For 18 months Ministers defended the stupid policy.
November 26, 2025 at 3:14 PM
Reposted by Peter Beal
Dividends are taxed at marginal rates of 8.75%, 33.75%, and 39.35%, no national insurance is levied.

Wages taxed at 20%-45% +NIC.

Aligning taxation of dividends with wages could raise £6bn a year. Even higher if national insurance is also charged.
This is how Rachel Reeves could deliver a progressive budget
The chancellor has an opportunity to boost the public purpose and deliver redistribution
leftfootforward.org
November 24, 2025 at 8:27 AM
Reposted by Peter Beal
Chancellor Rachel Reeves hints at welfare cuts.

Why do govts not cut corporate welfare?

Subsidies for auto, steel, oil, gas, biomass, internet, shipbuilding and others, without any equity stake.

Profiteering by energy, water, phone, house builders, care home, dental care companies.
Chancellor Rachel Reeves hints at more welfare cuts after previous rebellion - but authority on shaky ground
The government's earlier efforts to reform welfare and save £5bn ended in an inglorious failure.
news.sky.com
November 24, 2025 at 8:00 AM
Reposted by Peter Beal
Curse of Private Equity.

Four of UK's biggest dental firms have raked in £1.2bn gross profit over the past two years,

Market controlled by My Dentist, PortmanDentex, Rodericks Dental, and Bupa Dental Services.

Prices 3.5 times more than NHS dentist.

No govt curbs profiteering.
Regulator bares teeth as dentists earn £1.2bn
The gross profit figures for private equity-owned My Dentist, PortmanDentex and Rodericks Dental, and Bupa Dental Services rose by 20 per cent year-on-year between 2023 and 2024.
www.thisismoney.co.uk
November 23, 2025 at 9:25 AM
School repairs left unfinished as firm behind PFI contract goes into liquidation.

Massive profiteering from PFI. After 25-30 years assets need to be in good condition before transfer to the public body. Then the company goes bust.

Govt doing more PFI deals.
Repairs left unfinished as firm behind huge schools PFI contract goes into liquidation
The news heightens concerns that 88 schools in Stoke-on-Trent could be left with unfinished work.
www.bbc.co.uk
November 21, 2025 at 5:01 PM
Reposted by Peter Beal
UK Covid-19 Inquiry says govt response to the pandemic in March 2020 was "too little, too late"

Imposing lockdown a week earlier could have saved 23,000 lives in England

In 2016 govt knew the NHS couldn't cope with a flu epidemic but had no plan.

What did austerity do?
‘Too little, too late’: damning report condemns UK’s Covid response
Report on handling of pandemic contains stinging criticism of ‘toxic and chaotic’ culture inside Boris Johnson’s No 10
www.theguardian.com
November 20, 2025 at 8:40 PM
Reposted by Peter Beal
The UK political system is corrupt.

Political donations enable corporations/rich to buy parties, hand consultancies to legislators.

Normal people are disillusioned, increasingly don't register to vote or vote.

How will the govt cleanse the system?

Watch the Minister's reply.
November 20, 2025 at 4:27 PM
Well predictably the youth vote is likely to go to the #greens. Let's just hope they get off their arses and vote

youtube.com/watch?v=80Zz...
Asking students if they're done with Labour
YouTube video by PoliticsJOE
youtube.com
November 20, 2025 at 2:27 PM
Reposted by Peter Beal
NHS failing to cut waiting times as promised in recovery plan.

Bad inheritance from 14 yrs of Tory rule.

Not helped by another reorganization costing billions, low staff morale.

Billions wasted through PFI, privatisations. Govt planning more of the same, leaves less for frontline services.
NHS failing to cut waiting times as promised in recovery plan, report warns
Public accounts committee finds Labour’s progress ‘appears to have stalled’ despite billions of pounds in investment
www.theguardian.com
November 19, 2025 at 7:54 AM
Profit at all costs
Ultra-processed food (UPF) is linked to harm in every major organ system of the human body .

Increased risk of a dozen health conditions, including obesity, type 2 diabetes, heart disease and depression.

Companies know but inflict harms to boost profits. Need effective regulation.
Ultra-processed food linked to harm in every major human organ, study finds
World’s largest scientific review warns consumption of UPFs poses seismic threat to global health and wellbeing
www.theguardian.com
November 19, 2025 at 7:44 AM
This is one of so many moments in time where things could have been so different.
Sad 😔
UK and Norway won nature's lottery in 1970 - found oil/gas in the North Sea.

UK squandered wealth, appeased corporations.

Norway levied 78% tax, took direct stake in companies.

Norway now has $1.8 trillion sovereign fund. UK has public finance crisis.

UK Govts still appeasing corporations/rich.
How sparsely populated Norway amassed $1.8 trillion | Fortune Europe
Launched in the early 1990s to invest mostly in bonds, the fund has grown to become the largest of its kind by acquiring small equity stakes in thousands of companies across the world.
fortune.com
November 18, 2025 at 9:48 AM
Yes I think this is very likely. The closer he gets to losing the bigger the military conflict he will need to
Trump Says Military Strikes In Mexico To ‘Stop Drugs’ Are ‘Okay With Me’.

This is another version of imperialism, and way of distracting attention from domestic problems caused by cost of living, troops in the streets.

How many countries will he attack and then say he needs to stay in office?
Trump ‘Okay’ With Strikes In Mexico To 'Stop Drugs'
The president told reporters Monday the U.S. would do “whatever we have to do to stop drugs.”
www.forbes.com
November 18, 2025 at 5:48 AM
Reposted by Peter Beal
Dismantling the myth that we live in a meritocracy is one of the most urgent changes needed".

Poverty inflicted on the masses whilst wealth and power is concentrated in few hands.

50 families have more wealth than half of the UK population.

Political system bought by the rich.

Tax the rich.
Do you feel lucky? Why acknowledging our own good fortune would make the world a better place | Julian Richer
I have been fortunate, and I know it. Now I’d like more successful people to admit that meritocracy is a myth, says Julian Richer, founder of Richer Sounds
www.theguardian.com
November 17, 2025 at 11:14 AM
Reposted by Peter Beal
Private Equity Curse.

PE firms taking millions in profits from care sector each yr, over a third are in tax havens

£256m profit in three England regions, £45m in dividends, £33.6m paid in interest mostly to affiliates in tax havens.

Less spent on care. Yet govts handing NHS to PE.
Private equity firms taking millions in profits from care sector each year, new analysis reveals
Analysis finds private companies running care services took more than £250m in profits in just three English regions over the course of three years
neweconomics.org
November 17, 2025 at 8:04 AM