BC UK

If anyone's thinking to spend the weekend fantasising about a left split from Labour, here's an updated summary of why it's crazy ... 1/ Labour is the only route to a left government in Britain. Even Podemos ended up in power as junior partners to PSOE...

2/ 56% support for Scottish independence and Labour on 13% in Holyrood polls mean 2024 is the last chance saloon. If Scotland is out of the UK there'll have to be something akin to the US Democrats, or Popular Front in 36 - until the demographics change https://t.co/x7Ny2tCWYI
3/ The culture/values conflict is unavoidable and will be intensified inside any left party. Trans rights, migration, Brexit - all the issues that divide the Labour left would divide anything to the left of it: so then there'd be two left alternatives... https://t.co/x7Ny2tCWYI
4/ What we need is an organised left alliance in the Labour Party - bigger than the SCG and Momentum and based around policy and activism... instead we get the self-defeating project of disaffiliating Unite slice by slice... https://t.co/x7Ny2tCWYI
5/ The scale of the Covid and climate crises mean even traditional social-democrats are having to re-think - just as French liberals did in the 1930s. That means an anti-capitalist left in Labour has to engage constructively... https://t.co/x7Ny2tCWYI
6/ It may be temporary, but look at the poll bounce Labour got when the front bench took the gloves off over school meals. The entire PLP was lined up in one direction... that's what we need now... https://t.co/x7Ny2tCWYI
7/ I hear people saying "I'm going to concentrate on activism". Great. But activism without a party just lets people in suits decide the outcome of your protest/riot/occupation... the elite can live with "activism". Power is what matters... https://t.co/x7Ny2tCWYI
8/ So here's a proposal. The left chooses one issue - strategically it has to be the Green Industrial Revolution - and we slim it down to 5-10 points, and we get CLPs to sponsor a virtual conference to produce a radial plan... https://t.co/x7Ny2tCWYI
9/ RLB did a lot of work on this; it needs to be used and developed. If there's a vacuum of policy formation, let's fill it. If there's a vacuum of political education ditto. https://t.co/x7Ny2tCWYI
10/10 I would also take the whole of party democracy online, like Podemos and M5* - removing the need for interminable, over-controlled physical meetings. https://t.co/x7Ny2tCWYI

More from Uk

Better late than never. Here we go. What does this deal mean for borders, border formalities, customs & trade facilitation?

Long one. TL:DR very little at the moment but has potential

/1


Borders
When compared to no deal the deal changes very little in terms of border procedures. All formalities and checks will still be required.

Reminder - we're not starting from 0 here – both our container ports and our ro-ro ports are already congested

/2

On top of that, all the issues related to border readiness: lack of capacity and space, IT systems not ready, shortages of customs agents, treader readiness – have not been solved.

The deal doesn’t help with that.

/3


Here is where we are:
☑️The UK will phase-in border formalities over 6 months (customs and SPS)
☑️The EU will introduce full formalities in 3 days (customs + SPS)
☑️Irish Sea border also fully operational in 3 days with some short-term SPS easements

/4

Pre-notifications (safety & security declarations) not initially required on the UK side, needed for imports into the EU.

So what's in the deal?

/5
A short thread on why I am dubious that the government can lawfully impose charges on travellers entering the UK for quarantine and testing (proposed at £1,750 and £210)

1/

The UK has signed up to the International Health Regulations (IHA) 2005. These therefore create binding international legal obligations on the UK.

The IHA explicitly prevent charging for travellers' quarantine or medical examinations.

https://t.co/n4oWE8x5Vg /2


International law is not actionable in a UK court unless it has been implemented in law.

But it can be used as an aide to interpretation where a statute isn't clear as to what powers it grants.

See e.g. Lord Bingham in A v SSHD https://t.co/RXmib1qGYD

/3


The Quarantine regulations will, I assume, be made under section 45B of the Public Health (Control of Disease) Act 1984

https://t.co/54L4lHGMEr

/4


That gives pretty broad powers but I can't see any power to charge for quarantine. Perhaps it will be inferred from somewhere else in Part 2A?

But...

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A THREAD ON @SarangSood

Decoded his way of analysis/logics for everyone to easily understand.

Have covered:
1. Analysis of volatility, how to foresee/signs.
2. Workbook
3. When to sell options
4. Diff category of days
5. How movement of option prices tell us what will happen

1. Keeps following volatility super closely.

Makes 7-8 different strategies to give him a sense of what's going on.

Whichever gives highest profit he trades in.


2. Theta falls when market moves.
Falls where market is headed towards not on our original position.


3. If you're an options seller then sell only when volatility is dropping, there is a high probability of you making the right trade and getting profit as a result

He believes in a market operator, if market mover sells volatility Sarang Sir joins him.


4. Theta decay vs Fall in vega

Sell when Vega is falling rather than for theta decay. You won't be trapped and higher probability of making profit.