Prem Sikka
premnsikka.bsky.social
Prem Sikka
@premnsikka.bsky.social

Emeritus Professor of Accounting. Member, UK House of Lords.
If with all your effort and might you do not reach the mountain top that is not failure; failure is that you did not even try.

Prem Nath Sikka, Baron Sikka is a British-Indian accountant and academic. He holds the position of Professor of Accounting at the University of Sheffield, and is Emeritus Professor of Accounting at the University of Essex. .. more

Business 56%
Economics 31%

A seismic shift.

Time to admit the truth: Brexit has been an unmitigated economic failure, says The Telegraph.

Brexit Effect:

UK GDP down 8%
Investment down 18%
Productivity down 4%
Employment down 4%
Immigration not cut
No trade benefits
No regulatory freedom

Why do some still vote for Farage?
archive.ph/L2Gqp
Access Restricted
www.telegraph.co.uk

Reposted by James Connelly

UK using more wood to make electricity than ever, Drax figures show.

Drax burns wood, the most expensive electricity, biggest UK polluter.

Drax is highly profitable. Received subsidies for years, will receive £458.6m a year between 2027 and 2031. Govt doesn't take any equity stake.
UK using more wood to make electricity than ever, Drax figures show
Giant biomass plant reveals burning of wood pellets made 9% of UK’s electricity in July, its largest ever monthly share
www.theguardian.com

Rip-off.

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

Private capital is in it for profit.

Reposted by Lesley A. Hall

Thames Water half-year profits leap to £386m after bills rose by nearly a third.

Leaks and sewage dumping will continue for years.

£20bn+debt. A third of the bill covers interest payments.

Captive customers have no choice.

End the scam. Nationalise water.
Thames Water half-year profit leaps to nearly £400m after it raises bills by third
Revenues jumped 40% to nearly £2bn after debt-ridden utility hiked water bills sharply in April
www.theguardian.com

Reposted by Lesley A. Hall

Cost of unregistered children's care homes a 'national scandal'.

Charge up to £30,000 a week per child.

Poor regulation. Lack of capacity as the sector was privatised. Profiteering rife. Councils spent £8.1bn on children in care.

Why are so many children in care?
Cost of unregistered children's care homes a 'national scandal' - Ofsted
The Children's Homes Association says there is no clear national plan and government must 'fix the system'.
www.bbc.co.uk

Jury trials in England & Wales for crimes that carry a likely sentence of less than 3 years will be scrapped.

Bad move

Money may be saved but justice and trust in the system will be the biggest casualty.

Poor and minorities at the mercy of toff judges.
Jury trials scrapped for crimes with sentences of less than three years
The reforms are being brought in to tackle unprecedented delays in the Crown Court.
www.bbc.co.uk

Seminar at the UK Houses of Parliament.

The Post Office scandal is an example of the abuse of corporate power. Thousands of lives destroyed.

Date: 16 December 2025
Time: 6:00 PM - 7:00 PM
Venue: Committee Room 10, Houses of Parliament
Get your ticket at the link below.
Select tickets – The Post Office Scandal – Committee Room 10
The Post Office Scandal – Committee Room 10, Tue 16 Dec 2025 - After 30 years, victims of the Post Office scandal are still seeking justice. No perpetrator has been charged for false prosecutions and ...
www.tickettailor.com

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

UK budget Effects:

Economy to grow by 1.5% this year, down from 1.9%.
Productivity to rise by 1%, down from 1.3%.
Disposable income could rise by 0.5% a year.

Can't get economic growth when 24m people can't attain minimum living standard.

1% have more wealth than 70% of the population combined.
The government’s budget is simply managing decline
The budget does little to improve living standards or facilitate sustained economic growth
leftfootforward.org