Paul Lewis
@paullewismoney.bsky.social
17K followers 13 following 1.2K posts
Financial journalist, broadcaster, and speaker. Seek the truth, find the truth, tell the truth. Unequivocally for free speech & press. Wilkie Collins expert too
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paullewismoney.bsky.social
Digital ID not a silver bullet bit.ly/4qb0jbr Quite. Both are fictional solutions to impossible problems! Silver bullets were used by the wild west’s Lone Ranger to shoot outlaws without killing them (silver doesn’t splat the as lead does). DigID won’t stop illegal migration
Digital IDs ‘will not stop illegal working’, tech industry warns
Ministers have been accused of overselling the new digital scheme as a “silver bullet” for tackling illegal work
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paullewismoney.bsky.social
It is may be 3x average pay but 62% tax rate on earnings over £100,000 and cliff edge removal of childcare subsidies limit aspirations of upper middle classes bit.ly/49arr4e misleading to call it ‘working hard’ not ‘being lucky and clever’. Many work very hard on £12.21/hour 48 hours a week or more
This tax trap is killing youthful aspiration
Little wonder the under-40s laud Margaret Thatcher: she valued hard work, unlike the rules that penalise them today
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paullewismoney.bsky.social
Cambodian fraud network identified and property seized bit.ly/494BibT as govt sanctions the bosses and investigators reveal the frontline scammers, who steal through romance fraud and crypto fraud, are victims of torture themselves
Police seize properties worth £130m linked to Cambodian scam network
Two men are behind the vast empire accused of using forced labour and torture in Cambodian compounds
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paullewismoney.bsky.social
Ceasefire Hamas style as the terrorist group executes people publicly in the street by shooting them from behind bit.ly/4onWEFD Trump says “it didn't bother me much. To be honest with you that's OK.”
Trump vows to disarm Hamas as it executes enemies on Gaza streets
Dozens of suspected collaborators are killed by the militant group after Israeli forces withdraw
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paullewismoney.bsky.social
French PM defers raising state pension age from 62 to 64 until 2028 to try to cling on to power bit.ly/47cabcw meanwhile our pension age begins to rise to 67 from April.
French PM freezes Macron’s state pension reform
Sébastien Lecornu has postponed the president’s plan for two years in an effort to gain support
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paullewismoney.bsky.social
State pension to rise by more - subject to confirmation. Annual earnings growth May-July - used in state pension triple lock - revised up from 4.7% to 4.8%. So basic and new April weekly pension rates, estimated at £184.75 and £241.05, now £184.90 and £241.30. Adds £100mn+ to state pension bill
paullewismoney.bsky.social
I can’t quote it all so please read it all “There is an Arabic expression, hameeha harameeha – meaning “its protector is its thief”, that comes to mind as those who have plied Israel with weaponry gather to figure out how to achieve peace in Gaza” bit.ly/4q7DXrt
paullewismoney.bsky.social
Andrew and Epstein - the new we’ll ‘play some more soon’ email sent to Epstein the day after the snap was published of Andrew with Virginia Giuffre who killed herself aged 41 in April this year bit.ly/4913Djj
Prince Andrew told Jeffrey Epstein ‘we are in this together’
Email sent a day after photograph with Virginia Giuffre was published appears to contradict the Duke of York’s claim that he cut ties with the financier in 2010
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paullewismoney.bsky.social
More skulduggery from the motor industry will,be revealed as claims of widespread and systematic cheating on emissions goes to court bit.ly/4hdI3ue
Drivers in line for payouts if carmakers lose ‘dieselgate’ case
High Court to hear class action lawsuit for 1.6m claimants
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paullewismoney.bsky.social
More skulduggery from the motor industry will,be revealed as claims of widespread and systematic cheating on emissions goes to court bit.ly/4hdI3ue
Drivers in line for payouts if carmakers lose ‘dieselgate’ case
High Court to hear class action lawsuit for 1.6m claimants
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paullewismoney.bsky.social
Peace Middle East style bit.ly/4nGrj0W When two peoples claim the absolute right to the same piece of land, one has limitless military power and sharing seems impossible, then today’s ceasefire over the rubble of Gaza may seem very evanescent.
paullewismoney.bsky.social
Carmaker BMW wants Reeves to tone down @TheFCA’s Ultimate Compensating Machine bit.ly/3W2n5og after its Sheer Lending Pleasure division overcharged hundreds of thousands of customers by deceiving them about commission and interest when it lent them money to buy a car
BMW seeks meeting with Rachel Reeves over finance scandal bill
The carmaker, which faces a potential hit of over £200m from the mis-selling controversy, wants to discuss the implications of an industrywide redress programme
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paullewismoney.bsky.social
No easy answers to the problems with the UK economy which are set out with his usual clarity here bit.ly/4hrIQI9 by @PJTheEconomist the depressing truth is a useful counterpoint to the easy answers politicians promise to get our votes
Reeves faces a historic challenge with record state spending
Yearly public spending is some £150 billion more than it was before the pandemic, driven by an ageing population, debt interest and greater defence needs
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paullewismoney.bsky.social
Govt promotes charging using cable gullies across pavements but many councils resist them bit.ly/4q8Ze3V preferring to install lamppost charging but unit prices are much higher than domestic electricity and have 20% VAT added compared with 5% for home power
EV drivers could get grants for kerbside charging ‘gullies’
The government is offering councils the chance to subsidise installation as it seeks to increase the uptake of electric vehicles
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paullewismoney.bsky.social
Heartless Mandarins Recover Cash - widow of theft victim has to pay tax on the compensation paid. bit.ly/4nMBMYJ No flexibility in taxing pension paid more than two years after death, says HMRC
Widow of man conned out of pension savings to lose half the compensation to tax
Robert Dewar’s widow, Susan, is a leading campaigner over multimillion-pound Norton Motorcycles fraud
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paullewismoney.bsky.social
If your VW badge and cruise control sensor have been ripped out the firm may give you financial support to replace them bit.ly/46QrcKs which seems a clear admission that they are too easy to steal!
Volkswagen promises money to help replace stolen £1,500 sensors
Drivers are paying thousands for repairs only for thieves to strike again and again
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paullewismoney.bsky.social
I don’t get this. Surely all Royal Mail has to do is send recipient a text saying they have a letter which they can pick up from the sender’s address? bit.ly/4nLsex1 Sorted. Or rather not sorted because it is too expensive.
Why Royal Mail could axe stamps and addresses on letters
Handwritten envelopes may become a thing of the past as the new boss moves to modernise the business
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paullewismoney.bsky.social
The last thing people struggling with fuel bills need is a heat pump ‘that’s really expensive to run and makes your house colder’ says Dale Vince bit.ly/3KOez9W campaigning against £150 heat pump subsidies
Heat pump subsidies a ‘massive waste of money’, Labour donor warns
Ed Miliband’s proposals to give households with the green technology £150 off their energy bills are denounced by Dale Vince as ‘very middle class’
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paullewismoney.bsky.social
Man wins ‘right to offend’ appeal after burning Quran outside Turkish embassy bit.ly/42AtR8v judges support free speech more than government! Torah outside Israeli embassy? Bible outside Westminster Cathedral?
Man fined for burning Qur’an in London wins appeal against conviction
Judge says Hamit Coskun has ‘right to offend’ and overturns conviction for religiously aggravated public order offence
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