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UK - England, Wales, N.Ireland, Scotland

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Re: UK - England, Wales, N.Ireland, Scotland

#501

Post by raison de arizona »

Heinz forced to change classic ketchup bottles following death of the Queen
The cupboard staple will now have to remove the Royal Warrant that is displayed at the top and front of its UK bottles.

Heinz is being forced to make a major change to the iconic design on popular ketchup bottles following the death of Queen Elizabeth II.

The cupboard staple will now have to remove the Royal Warrant that is displayed at the top and front of its UK bottles. However, it is not the only company. They are among 800 food and drinks retailers making the same move following the late monarch's passing.

Twinings Tea and Bollinger Champagne products will also be axing the Queen's coat of arms, with stores such as Waitrose and Fortnum and Mason also affected by the recent change.

A royal warrant is a document that lets a company use the royal coat of arms on products and in marketing in exchange for supplying goods and services to the royals.
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https://www.dailyrecord.co.uk/lifestyle ... p-27986921
Interesting article.
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Re: UK - England, Wales, N.Ireland, Scotland

#502

Post by keith »

Kriselda Gray wrote: Wed Sep 14, 2022 3:57 pm I have such a hard time understanding what they're singing because I've got "My Country 'Tis of Thee" blaring in my freaking skull... I can't seem to get it to shut up long enough to catch the words.
When I was on tour with the Tucson Boys Chorus in, I think Windsor Ontario, the Choir Director (who was British and actually sang in the Westminster Choir for crying out loud) got us to sing 'My Country 'Tis of Thee' - which we had never done before - and asked the audience to sing along.

Everybody in the place, audience and chorus alike just looked around like idiots, I mean WTF was he thinking? We were young, but we knew that our words didn't make sense to them and was probably tantamount to insult.

I never did figure out what he thought he was doing. If he had prepared us before hand, we could have sung 'God Save the Queen' without too much trauma to our young American souls - and I would have probably forgotten it ever even happened.
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Re: UK - England, Wales, N.Ireland, Scotland

#503

Post by Kriselda Gray »

That's just nuts, Keith, :lol: :lol:
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Re: UK - England, Wales, N.Ireland, Scotland

#504

Post by Sam the Centipede »

raison de arizona wrote: Sat Sep 17, 2022 12:37 am
Heinz forced to change classic ketchup bottles following death of the Queen
This non-issue seems to attract a disproportionate amount of attention, perhaps because it's more amusing or intriguing than the gallons of dreary blather about the current live action episode of The Crown?

It's not as though warrant-holders have to recall or withdraw existing stock – I think I read that there a two year period of grace for changing the labels, and I imagine labels are revised more frequently than that in the normal course of events. And who is going to drag them to court if they are slow about it? Will the Yeomen Of The Guard march into Ketchup Kommand and hold the company's executives at pike point? Will the Household Cavalry charge the Heinz Headquarters? Or the nuclear option: pipers from the Scots Guards play bagpipes under the bedroom windows of senior staff all night, every night?

I don't know what the arrangement is for royal warrant holders but I always assumed it was a way for the notoriously stingy Windsor households to get stuff for free. Is it not?
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Re: UK - England, Wales, N.Ireland, Scotland

#505

Post by Gregg »

After a grace period which depends on the circumstances, products bearing an unauthorized Royal Warrant can be confiscated and it is illegal to sell them in the UK. They do not provide goods or services for free, the Crown pays for everything they git from them.

So old stuff or labels not updated probably no one is going to jail, but a flat out counterfeit might get someone in a lot of trouble for making and/or selling. They take some of that stuff pretty serious. And it's not just a matter of condiments. Jaguar has a Royal Warrant and I know when Ford owned the brand cars were supplied. The Hearse that is being used in England right now is a special Jaguar (in Scotland they used a Mercedes) that was made just to be used for this Funeral and they've been making them for at least 15 years every few years just so when she finally passed away the one to be used was current. (I went to the Jaguar factory in Castle Bromwich once and there was the not current one there waiting to be crushed after the Queen outlived it. Fun Fact, the dark wine paint was only used for cars made for the Royal family.)

Also, the Royal Warrant isn't absolutely just a Queen thing, I remember seeing things that had the Warrant for other Royals displayed on the labels, it was common enough that I don't recall what specifically it was, but I did see things with the Royal Warrant for The Prince of Wales etc....

(from the official website of the Royal Family)
The Monarch decides who may grant Royal Warrants. These are known as the Grantors. Today HM The Queen and HRH The Prince of Wales grant Royal Warrants. Her Late Majesty Queen Elizabeth The Queen Mother and HRH The Duke of Edinburgh were also grantors of Warrants.

There are currently over 800 Royal Warrant holders. They represent a huge cross-section of trade and industry, from individual craftspeople to global multi-nationals, ranging from dry cleaners to fishmongers, and from agricultural machinery to computer software. There is no requirement for the company concerned to be British owned or UK-based. Warrant-holding firms do not provide their goods or services for free to the Royal Households, and all transactions are conducted on a strictly commercial basis.
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Re: UK - England, Wales, N.Ireland, Scotland

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Post by Volkonski »

“If everyone fought for their own convictions there would be no war.” ― Leo Tolstoy, War and Peace
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Re: UK - England, Wales, N.Ireland, Scotland

#507

Post by RTH10260 »

Liz Truss’s first big diplomatic meeting with Biden postponed
Meeting rearranged for Wednesday in New York as Bidens travel to UK for Queen’s funeral

g Air Force One with Jill Biden at Andrews Air Force Base, as they head to London to attend the Queen’s funeral. Photograph: Susan Walsh/AP
Julian Borger World affairs editor
Sun 18 Sep 2022 06.00 BST

Liz Truss’s planned meeting with Joe Biden in Downing Street, which was to be her first major diplomatic event as prime minister, has been rescheduled for Wednesday at the UN.

Officials from both countries said that a meeting in the margins of the UN general assembly would allow “fuller” bilateral discussion and was not the result of friction. But, whenever the two leaders meet, they face disagreements over Northern Ireland.

“We have been in constant touch with Downing Street and have both decided that it is preferable to hold a full bilateral meeting in New York on Wednesday,” an administration official said.



https://www.theguardian.com/politics/20 ... -joe-biden
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Re: UK - England, Wales, N.Ireland, Scotland

#508

Post by Ben-Prime »

RTH10260 wrote: Sun Sep 18, 2022 6:17 am
Liz Truss’s first big diplomatic meeting with Biden postponed
Meeting rearranged for Wednesday in New York as Bidens travel to UK for Queen’s funeral
Not going to lie. I saw the headline first and thought "Well, shit, looks like POTUS and his entourage are staying in London for a few extra days and I will not get any time off until *next* weekend" (obviously, the local Embassy pulls a lot of the load during VVIP visits). Then I saw the postponed meeting would be in NY and breathed a sigh of relief.
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Re: UK - England, Wales, N.Ireland, Scotland

#509

Post by RTH10260 »



large
► Show Spoiler
Pound hits all-time low against dollar after mini-budget rocks markets
Odds of sterling hitting parity with dollar jump, as analysts say UK bond market ‘getting smoked’ by giveaway
  • Pound’s plummet underlines Kwarteng schoolboy error
    Q&A: what does the pound’s slump mean for the UK?
    Business live updates: sterling plunges
Graeme Wearden
Mon 26 Sep 2022 08.06 BST

The pound has hit an all-time low against the dollar after the bonanza of tax cuts and spending measures in Kwasi Kwarteng’s mini-budget threatened to undermine confidence in the UK.

The pound plunged nearly 5% at one point to $1.0327, its lowest since Britain went decimal in 1971, as belief in the UK’s economic management and assets evaporated. Even after stumbling back to $1.05, the currency was down 7% in two sessions, after the UK chancellor pledged over the weekend to pursue more tax cuts.

City economists suggested the slump in the pound could force the Bank of England into an emergency interest rate rise to support the currency.

Paul Dales, the chief UK economist at Capital Economics, said the Bank could come out with “tough talk” supported by a large and immediate interest rate hike.

“That could involve something like a 100bps or 150bps hike in interest rates (to 3.25%/3.75%), perhaps as soon as this morning,” Dales told clients.

The shadow chancellor, Rachel Reeves, told Times Radio she was “incredibly worried” by the market reaction to the mini-budget.

As Asia-Pacific markets opened on Monday, Ray Attrill, National Australia Bank’s head of currency strategy, said: “It’s a case of shoot first and ask questions later, as far as UK assets are concerned.”

Marc Chandler, chief market strategist at Bannockburn Global Forex, called the currency’s record plunge “incredible” and said there was bound to be speculation of an emergency Bank of England meeting and rate hike.

Chris Weston, the head of research at the brokerage firm Pepperstone, said the pound was “the whipping boy” of the G10 foreign exchange market, while the UK bond market was “getting smoked” thanks to Kwarteng’s £45bn debt-financed tax-cutting package.



https://www.theguardian.com/business/20 ... r-bond-tax
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Re: UK - England, Wales, N.Ireland, Scotland

#510

Post by RTH10260 »

IMF urges UK government to reconsider tax-cutting plans
International Monetary Fund says measures should target households worst affected by energy crisis and inflation

Phillip Inman and Richard Partington
Wed 28 Sep 2022 00.10 BST

The International Monetary Fund has launched a stinging attack on the UK’s tax-cutting plans and called on Liz Truss’s government to reconsider them to prevent stoking inequality.

In rare public criticism of a leading global economy, the Washington-based fund said Kwasi Kwarteng’s mini-budget risked undermining the efforts of the Bank of England to tackle rampant inflation amid the cost of living emergency.

It said a statement planned by Kwarteng for 23 November presented an “opportunity for the UK government to consider ways to provide support that is more targeted and reevaluate the tax measures, especially those that benefit high income earners”.

The rebuke comes amid a growing international backlash over the chancellor’s £45bn of unfunded tax cuts, with the intervention from the IMF swiftly followed by sharp criticism from the credit rating agency Moody’s late on Tuesday. The US treasury secretary, Janet Yellen, also said the US was “monitoring developments very closely” in the UK.

As one of the most influential adjudicators in global financial markets, which rates the creditworthiness of governments and corporations on behalf of large investors, Moody’s said the UK’s “large unfunded tax cuts are credit negative”.



https://www.theguardian.com/politics/20 ... y-imf-says
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Re: UK - England, Wales, N.Ireland, Scotland

#511

Post by RTH10260 »

remembering this: Boris Johnson’s ‘Global Britain’: Inspired Vision!
UK’s cost of borrowing on international markets overtakes Greece and Italy
Five-year British government bonds fall dramatically as traders price in higher risk of default on debt

Phillip Inman
Tue 27 Sep 2022 14.23 BST

Britain’s cost of borrowing on international money markets has jumped above the rates paid by Greece and Italy as traders priced in a higher risk of default on UK government debt.

After frantic selling since Kwasi Kwarteng’s mini-budget last Friday, the five-year UK government bonds suffered a dramatic fall in value, which had the effect of doubling the interest rate on the debt since August.

The five-year bond rose to 4.6%, which compares with Italy’s 4% and the 4.1% rate of interest paid by Greece. France maintained a rate of 2.3% while German five-year bonds traded with an interest rate, referred to as the yield, at 2.03%.

The former Bank of England deputy governor Charlie Bean said it was significant that bond markets now considered Greece and Italy to be safer bets after several days of panic selling.



https://www.theguardian.com/business/20 ... -and-italy
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Re: UK - England, Wales, N.Ireland, Scotland

#512

Post by RTH10260 »

UK mortgage market turmoil: what does it mean for your deal?
Banks and building societies pull hundreds of deals in anticipation of further interest rate rises

Zoe Wood
Tue 27 Sep 2022 14.13 BST

Mortgage deals are being pulled by banks and building societies after the fall in the pound fuelled expectations of an emergency interest rate rise. So whether you are a first-time buyer or looking to remortgage what does the mortgage market turmoil mean for you?

What has happened?
Hundreds of mortgage deals have been withdrawn by banks and building societies as they digest the fallout from last week’s mini-budget which has altered the outlook for interest rates.

The country’s largest mortgage lender Halifax, for example, has withdrawn its fee-paying mortgage products where borrowers paid an upfront fee to secure a lower fixed interest rate.

Halifax is not alone. On Tuesday morning there were 3,596 residential mortgage deals available, 284 fewer than before the sharp fall in the value of the pound on Monday morning, according to data firm Moneyfacts. At the end of last year there were 5,315 products.

“The future is certainly looking bleak when the biggest lender in the UK pulls a big selection of their products on offer,” says Jamie Lennox, a director at Dimora Mortgages. “The uncertainty around the risk of an emergency rate rise is likely to see other lenders withdrawing products or increasing rates dramatically until they know the extent of how this all pans out.”



https://www.theguardian.com/money/2022/ ... rate-rises
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Re: UK - England, Wales, N.Ireland, Scotland

#513

Post by Sam the Centipede »

In my Twitter feed there is some amusement that the nutters are now labeling the IMF, y'know, the guardian of international capitalism, as "socialist" and "left-wing" because the IMF said (paraphrasing wildly): "hey UK, that's effing stupid".

The other people to blame are apparently the Labour Party, which hasn't been in power for over a decade, but according to the nutters, the financial markets are running scared of Labour's plans for young kids to have free breakfast at school and to reverse the tax cuts on very high incomes while not regarding the small tax cut on low incomes.

The idiocy I have seen quoted is worthy of Republicans!
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Re: UK - England, Wales, N.Ireland, Scotland

#514

Post by RTH10260 »

The crash of the UK£ has side effects, nobody is speaking about them at the moment.

Positive: the UK economy has become more competitive on the expot markets, their goods are now cheaper for customers abroad.

Negative: this will be a major issue very soon, the UK has already a food crisis, the UK imports about 50% of its food, most from the EU, and the cost for food will rise.
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Re: UK - England, Wales, N.Ireland, Scotland

#515

Post by Uninformed »

My suspicion is that although conforming to some of the Conservative’s long-held dogma re tax etc, the underlying rationale for the recent changes is to hamstring what seems certain to be the loss of office at the next general election to a more “socialist” government.

Some of the proponents where aware of the probable effects and likely didn’t care (a number knowing there would be an opportunity to make a lot of money) and some will be utterly astonished and appalled by the reaction(s) to what they see as the unleashing of true capitalist theory.

It will be interesting to see what influence more “moderate” members of the Conservative party and government will exert. “Unintended” consequences can be a bummer.
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Re: UK - England, Wales, N.Ireland, Scotland

#516

Post by Uninformed »

Uninformed wrote: Wed Sep 28, 2022 6:06 am My suspicion is that although conforming to some of the Conservative’s long-held dogma re tax etc, the underlying rationale for the recent changes is to hamstring what seems certain to be the loss of office at the next general election to a more “socialist” government.

Some of the proponents where aware of the probable effects and likely didn’t care (a number knowing there would be an opportunity to make a lot of money) and some will be utterly astonished and appalled by the reaction(s) to what they see as the unleashing of true capitalist theory.

It will be interesting to see what influence more “moderate” members of the Conservative party and government will exert. “Unintended” consequences can be a bummer.
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Re: UK - England, Wales, N.Ireland, Scotland

#517

Post by Gregg »

RTH10260 wrote: Wed Sep 28, 2022 5:49 am The crash of the UK£ has side effects, nobody is speaking about them at the moment.

Positive: the UK economy has become more competitive on the expot markets, their goods are now cheaper for customers abroad.

Negative: this will be a major issue very soon, the UK has already a food crisis, the UK imports about 50% of its food, most from the EU, and the cost for food will rise.
gee, too bad they don't have some kind of trade deal with Europe, where they could avoid tariffs and stuff.
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Re: UK - England, Wales, N.Ireland, Scotland

#518

Post by RTH10260 »

Bank of England in £65bn scramble to avert financial crisis
Bank of England left with no action but to intervene after Kwasi Kwarteng’s mini-budget

Larry Elliott, Pippa Crerar and Richard Partington
Wed 28 Sep 2022 19.56 BST

The Bank of England has been forced into emergency action to halt a run on Britain’s pension funds after the impact of Kwasi Kwarteng’s ill-received mini budget prompted fears of a 2008-style financial crisis.

Threadneedle Street said the fallout from a dramatic rise in government borrowing costs since the chancellor’s statement had left it with no choice but to intervene to protect the UK’s financial system.

City sources said the surprise move, less than a week after Kwarteng’s unfunded tax giveaways, was needed to halt a “doom loop” in the bond markets that risked draining pension funds of cash and leaving them at risk of insolvency.

The Bank was concerned that it threatened the financial health of Britain’s biggest pensions and insurance companies, which together manage trillions of pounds of people’s cash.

In a reversal of a policy position announced on the day before Kwarteng’s fiscal event, the Bank said it was setting aside £65bn to buy bonds over the next 13 working days to ease pressure on pension funds and insurance companies.




https://www.theguardian.com/business/20 ... ial-crisis
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Re: UK - England, Wales, N.Ireland, Scotland

#519

Post by Gregg »

City of London: "Brexit was the dumbest thing we've done in 400 years"

Kwasi Kwarteng: "Hold my Ale"
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Re: UK - England, Wales, N.Ireland, Scotland

#520

Post by RTH10260 »

The Labor Party can go into the next elections quoting Churchill when promising to rebuild the economy: Blood, Sweat and Tears.
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Re: UK - England, Wales, N.Ireland, Scotland

#521

Post by RTH10260 »

Serco injected £60m to prop up pension fund after market meltdown
£1bn scheme is latest to scramble to raise cash after chancellor’s tax-cutting mini-budget sparks turmoil

Kalyeena Makortoff Banking correspondent
Fri 30 Sep 2022 19.28 BST

The pension scheme trustees at the government contractor Serco have been forced to tap the company for £60m of emergency support after the UK’s financial markets meltdown this week.

Serco’s £1bn pensions scheme is the latest to scramble to raise cash after a plunge in the pound and a meltdown in UK bond prices triggered calls on fund managers to provide collateral for niche financial products they had taken out to hedge against swings in the value of their investments.

Those products – known as liability-driven investments, or LDIs – have been widely adopted and used by mostly final-salary pension funds managing more than £1.5tn in savings.

However, the recent drop in sterling and in the value of UK government bonds, which was sparked by fears about the government’s ability to fund its tax-cutting mini-budget, has caused problems for pension funds, by reducing the value of their investments. To offset the mismatch between assets and liabilities, investment banks have this week been requesting more collateral from pension funds, which have to dump assets to raise that cash at short notice.

The request from Serco’s pension scheme, which was first reported by Sky News, was made earlier this week. However, it is understood that the fund – which last reported a half-year surplus of £105.3m – was not at risk of a funding shortfall for pensions payouts.




https://www.theguardian.com/business/20 ... wn-tax-cut
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Re: UK - England, Wales, N.Ireland, Scotland

#522

Post by RTH10260 »

‘UK travel is on sale’: plunging pound attracts US visitors
Operators catering for inbound tourists enjoy best month for bookings in three years

Gwyn Topham Transport correspondent
Sat 1 Oct 2022 07.00 BST

The plunging pound may cause British holidaymakers to choke at the prices if and when they next choose to go abroad. But one slice of the travel industry is seeing a silver lining in the storm clouds.

Tour operators catering for visitors are quietly calling it their best month for bookings since October 2019 as US tourists take advantage of sterling’s tumble.



https://www.theguardian.com/business/20 ... s-visitors
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Re: UK - England, Wales, N.Ireland, Scotland

#523

Post by Dr. Ken »

I for one am probably jumping on this bandwagon. I'm planning a trip to Scotland in the late spring and so I'll probably be booking soon
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UK - England, Wales, N.Ireland, Scotland

#524

Post by Ben-Prime »

But for the fact that they keep reducing the COLA component of my salary, it's actually a great time to be a diplomatic staffer in London right now. We have a bank branch in the Embassy that takes checks from us in USD, cashes them in GBP, and immediately deposits the cash, so within minutes, we have local currency in our local accounts. And that same amount (let's say $1000, though it's not that) that I deposit every payday in my local account has gone from 750 in local currency to almost 900. Just before this got to be a real slump, when it was just a little slump, I took a nice trip to Cornwall for the weekend, and spent far less than I thought I would. I have another week of leave coming to me in a month and I will likely stay in country and either head back to Cornwall, or up to Yorkshire, and still spend very little money. Why bother heading to the Continent when the spending is so good here?

I do feel really bad for the locals, though. I've been treating my local staff employees to coffee and pastries more so they can spend less.
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UK - England, Wales, N.Ireland, Scotland

#525

Post by Danraft »

From my Twitter feed, Liz Truss is causing a party crisis.
It’s shall be interesting.
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