Best Excuses?!-The Dog Ate My Homework
Yesterday was the last day for filing 2018 tax returns with the UK’s HMRC and they have shared their own favourite excuses for late or non-filing of returns. Not all of them meet the high standards which we all remember from our school days but here are a few of the better ones:
-I’m too short to reach the post box
-My boiler had broken and my fingers were too cold to type
-My mother in law is a witch and she put a curse on me
-I was too busy-my first maid has left, I had to dismiss my second maid as she was a thief and the third maid is a slow learner.
There are economic statistics out in both the UK and in the US today, but the most important is the US employment release early this afternoon which is expected to show a healthy increase of 180,000 in the Non-Farm Payroll and unemployment of 3.8%.
In the currency markets the USD remains steady and so miraculously does the GBP with markets giving the UK Parliament the benefit of the doubt as the next weeks will undoubtedly have both advances and setbacks in expectations of the outcome of the brinkmanship negotiations with Brussels. Meanwhile we have to hope that there will be a deal and a deal which is voted through by the UK Parliament and that MPs will have no need to dust off their own very best excuses as to why they have presided over the poor outcome of the UK crashing out of Europe with No Deal.
Have a great weekend.
Discussion and Analysis by Humphrey Percy, Chairman and Founder
UK Energy Apart from announcing that there will be no further North Sea drilling licences issued, newly minted Uk Energy Minister Ed Miliband has wasted no time in greenlighting three huge new solar farms in Lincolnshire, Cambridgeshire and Suffolk. Sufficient to power 400,000 homes with an output of 1.4 GW the solar farms will cover […]
Germany The German business climate was slated to rise in July but instead it fell in terms of both current and also future expected business conditions as reflected in the IFO Index made up of manufacturing, services, trade and construction sectors as submitted by 9000 firms. Germans wishing doubtlessly that they could be as strongly […]
British Pound GBP is currently in fashion: with a record number of long positions and currently at the top of the G7 currency performance charts and after a period of being deeply unfashionable GBP is wanted-in a good way. The reasons for this are diverse: first off is the Bank of England’s caution on cutting […]