The IPP deal is in final stages.
last week two separate meetings took place by energy and finance teams - one with the PM (on overall reforms of energy sector). The other was with the COAS - specifically on IPPs deal and CD. 1/9

The British Railway Mania

How a disruptive technology created the biggest speculative bubble in the history of England

/THREAD/

1/ Railways were the most disruptive technology of the 19th century, known as the "railway age", transforming England from an agricultural to an industrialized nation.

2/ The development of railway infrastructure and locomotives started at the end of the 18th century but experienced immense growth after 1830.

3/ Hundreds of railway related bills were passed every year with proposed rails totaling 10,000 miles, a third of which was never built due to poor financial planning, competition, or fraud.

4/ In the mid-1840s, the Bank of England cut interest rates rendering government bonds unattractive, and investors more willing to rush in the railway investments.

I reached financial independence and quit my 9-5 job this week at 33 years old to work with my own projects.

A thread with lessons about:

-freedom
-time
-money

One day in 2018 when I was in my 9-5 cubicle, I thought to myself while I stared out of the window:

How could I continue waking up every morning and be totally unexcited about everything I was going to do day after day?

This led me to Google:

“How to quit my job forever”.

You know the rest of the story.

Early Retirement Extreme and Mr. Money Mustache are the first pages popping up.

I read everything in a couple of days.

There was really no way back.

WTF, could I quit my job in a couple of years by investing?

I have always been pretty good at handling money, but earlier on I'd just pay down my mortgage faster.

Now I was going all-in on investing.

I started saving and earning more money by changing my 9-5 job.

Starting out I had a savings rate of 40%.

Last 5 months SR: over 90%

I got addicted to investing.

It was like a game.

My salary was increasing every month and on top of that, I started earning more online than I did in my 9-5.

I started dreaming about $100M.

But, then I reflected:

"What will I sacrifice if I continue like this for 30+ years?

You have heard a lot about how anon accounts are being doxxed by Sarah Mojarad. I learned yesterday that I am unfortunately one of those accounts.
SARAH MOJARAD DOXXED ME.
And she could dox you, too.
1/

Cont👇
26/ If you have paid AA tax between 1995-22 it is likely your charges will be lower in 1995 than in 2015 scheme. This is because the AA rules are particularly unfair to members of 2 schemes. If your AA charges go down during any of the remedy period, you can claim a refund

27/ It does not matter if you paid cash for AA or used scheme pays, if you overpaid these charges can be refunded. If you charges go up (unlikely unless you have “MHO” status) you may have to pay back tax. There is usually a statutory limit of 4 years for paying underpaid tax.

28/ This limit of 4 yrs of underpaid tax was referenced in the consultation document 👇, although the position is less clear in the full consultation response. We will need to see the final regulations to understand the implications.

29/ The consultation document also stated that members who choose reformed 2015 in retirement & incurred AA charges would be “compensated”. Again detail in is less clear in the full consultation response. We will need to see the final regulations to understand the implications.

30/An important area are “contingent decisions”. Many members took decisions i.e. “opting out” of the scheme based on the age discrimination. @theBMA argued certain cases should automatically be compensated vs having to prove this on a “case by case” basis