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Category: BUSINESS UK (Page 1 of 2)

Thu, September 07, 2023 / Andrew Jones

Rishi Sunak Told to Axe 90,000 Jobs to Save UK from Economic Disaster: Advisers and Implications

The United Kingdom’s economy has faced unprecedented challenges in recent years, primarily due to the COVID-19 pandemic. As the nation grapples with a spiraling deficit, Prime Minister Rishi Sunak has been advised to make some tough decisions, including cutting 90,000 jobs to stave off a potential economic disaster. This move has sparked significant debate, with questions arising about who advised Sunak and what implications it holds for the future of British politics and government downsizing.

The Economic Conundrum

The pandemic has left a profound impact on the UK economy, with skyrocketing public spending and a drop in revenue. The government has rolled out extensive support packages, including furlough schemes and business grants, to help individuals and companies weather the storm. However, this has come at a substantial cost, pushing the country’s budget deficit to alarming levels. To regain fiscal stability, Rishi Sunak has been advised to consider drastic measures, including reducing the public sector workforce.

Who Advised Rishi Sunak?

While the specifics of the advice provided to Rishi Sunak have not been disclosed in detail, it is known that he consults with a range of economic experts, Treasury officials, and advisors from various fields. The decision to potentially cut 90,000 jobs is not one taken lightly, and it reflects the dire financial situation facing the UK.

Some of the key advisors in the PM circle include:

  1. Treasury Officials: Sunak works closely with the Treasury team, which includes the Chief Secretary to the Treasury and other senior officials. These individuals provide insights and recommendations on fiscal policies and economic recovery strategies.
  2. Economists and Financial Experts: The PM seeks advice from renowned economists and financial experts, who provide data-driven insights into the economic health of the nation. They also help formulate long-term strategies to mitigate economic risks.
  3. Business Leaders: Sunak engages with leaders from various industries to gauge the impact of government policies on the private sector. Their input is invaluable in shaping economic recovery plans that support businesses and job creation.
  4. Political Advisors: As a member of the Conservative Party, Rishi Sunak also consults with political advisors within his party to ensure that his decisions align with the government’s overall agenda.

Implications for Politicians and Government Downsizing

The prospect of cutting 90,000 jobs raises concerns about the role of politicians and the size of the government. While these job cuts are aimed at reducing the budget deficit, they do not necessarily represent a broader trend toward downsizing the government. Instead, they highlight the need for prudent financial management during extraordinary circumstances.

  1. Fiscal Responsibility: The move underscores the importance of fiscal responsibility in times of crisis. Governments must make tough decisions to balance budgets and ensure that public finances are sustainable in the long term.
  2. Targeted Cuts: Sunak’s decision to cut jobs should be seen as a targeted measure to address the immediate economic crisis. It does not necessarily signal a broader shift toward smaller government, as the government plays a vital role in providing essential services and supporting the welfare of citizens.
  3. Balancing Act: Politicians must strike a delicate balance between managing budgets, providing public services, and stimulating economic growth. Sunak’s advisors likely stress the importance of finding this equilibrium.
  4. Public Perception: The government’s approach to handling these job cuts will undoubtedly influence public perception and political dynamics. Leaders must communicate the rationale behind such decisions and demonstrate their commitment to the welfare of the nation.

100,000 New Roles and Soaring Costs

In just seven years, the United Kingdom’s civil service has experienced a significant expansion, with more than 100,000 new roles created. This expansion, often referred to as “The Blob” by some commentators, has raised concerns about the size and cost of the government workforce. As of 2023, the civil service has grown by a staggering 24 percent, and the overall pay bill for government workers has surged from £9.7 billion in 2010 to a whopping £15.5 billion. Additionally, the public sector pensions bill reached a staggering £116.7 billion in 2021, according to The Sun. These figures beg the question: Is the civil service becoming unsustainable?

The Bloated Civil Service

The term “The Blob” has been used by critics to describe the expanding civil service, which has been growing steadily over the past seven years. While the reasons for this growth are complex, it is clear that the government has been hiring at a rapid pace. The civil service, responsible for implementing government policies and delivering public services, plays a crucial role in the functioning of the country. However, concerns have arisen about the efficiency and cost-effectiveness of such an expansion.

The Rising Costs

One of the most significant concerns surrounding the growth of “The Blob” is the rising cost to taxpayers. The overall pay bill for government workers has increased substantially, from £9.7 billion in 2010 to a staggering £15.5 billion in 2023. This represents a substantial financial burden on the UK’s public finances, especially as the government grapples with the economic fallout of the COVID-19 pandemic.

Public Sector Pensions

In addition to the soaring pay bill, the public sector pensions bill has also reached alarming heights. In 2021, it stood at £116.7 billion, a figure that raises questions about the long-term sustainability of these pension schemes. While public sector employees certainly deserve fair and secure retirement benefits, the rapid increase in pension costs must be carefully managed to avoid placing undue pressure on the national budget.

Balancing Act

Balancing the need for an effective civil service with the necessity of fiscal responsibility is a challenging task for any government. On one hand, a well-functioning civil service is essential for delivering vital public services and implementing government policies. On the other hand, unchecked growth and escalating costs can strain public finances and lead to concerns about government efficiency.

Conclusion

The advice given to Rishi Sunak to consider cutting 90,000 jobs to salvage the UK’s economy showcases the complexities and challenges of managing public finances during a crisis. While the decision raises questions about government downsizing, it primarily underscores the need for responsible fiscal management and the importance of listening to a diverse group of advisors from various fields. The path ahead for the UK will require difficult choices, and how these decisions are implemented and communicated will be crucial in shaping the country’s economic recovery and political landscape.

The significant expansion of the civil service in just seven years, along with the accompanying increase in the pay bill and pension costs, raises legitimate questions about sustainability and efficiency. While the government has a responsibility to provide essential services and support its workforce, it must also exercise prudent financial management to ensure that taxpayer funds are used wisely. The challenge for policymakers is to strike the right balance between maintaining an effective civil service and controlling costs to ensure the long-term fiscal health of the nation. As “The Blob” continues to grow, it is essential to monitor its impact and make informed decisions to safeguard the UK’s financial stability.


Gold-plated, inflation-proof pensions have become a topic of significant debate in many countries, including the UK, where approximately six million state workers benefit from such pension schemes. These pensions offer a level of financial security and stability, guaranteeing retirees a reliable income that adjusts for inflation. While they provide an attractive incentive for public sector employees, concerns about the long-term sustainability and cost to taxpayers have led to ongoing discussions about pension reform in the public sector. Balancing the needs of retirees with the fiscal responsibilities of the government remains a complex challenge.

#ukeconommy #theblob #rishisunak #politicians #politics #civilservants

Further Reading:

Rishi Sunak told to axe 90,000 jobs to save UK from economic disaster (msn.com)

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Bernard Looney CEO of BP Pay Package £10m Kick In The Teeth To The Consumer

Fri, March 10, 2023 / CMJUK / 0 Comments
Bernard Looney – Wikipedia

Bernard Looney CEO of BP should hang his head in shame, as pay doubled to £10m pay package “Kick In The Teeth” To The Consumer

BP chief executive Bernard Looney’s pay more than doubled to £10mn last year after the UK-listed energy major delivered a record $28bn in profits.

BP’s chief executive Bernard Looney received a pay package worth £10 million in 2021, more than double the previous year’s compensation. The substantial increase in Looney’s pay is in recognition of the company’s impressive performance, as BP delivered record profits of $28 billion last year.

Jonathan Noronha-Gant, the senior fossil fuels campaigner at Global Witness, said:

  • “People everywhere struggling to feed their families or warm their homes in the harsh winter months, have every right to be angry that the CEO of a huge energy firm is netting millions of pounds in the pay”.
  • “This enormous pay package is a kick in the teeth to all hard-working people being faced with a cost-of-living crisis”.
  • “Nothing could be a starker example of the gross inequality that sits at the very heart of our broken energy system”.
  • “For a rich few to be seeing their already extraordinary wealth bolstered, precisely because bills have been so unaffordable for the majority, is a twisted irony”.
  • “At the very least the governments should be implementing a proper windfall tax on both profits and CEO pay.”

The announcement of Looney’s pay increase has sparked debate and criticism, with some arguing that such a large sum of money is excessive, particularly given the ongoing economic uncertainty and hardship faced by many people around the world. However, it is important to examine the context of the situation and understand why Looney’s pay has increased so significantly.

Firstly, it is worth noting that BP’s record profits were achieved despite the challenging conditions faced by the energy sector in recent years. The COVID-19 pandemic and associated economic disruptions caused a significant decline in global energy demand, leading to a sharp fall in oil prices. In this context, BP’s ability to deliver such strong financial results is a testament to Looney’s leadership and the efforts of the wider company.

Secondly, it is important to recognize that Looney’s pay increase is not simply a reward for delivering strong financial results. The package includes long-term incentives that are tied to the company’s performance over a period of years. This means that Looney’s pay is not guaranteed, and is dependent on BP’s continued success in the years to come. (Self-employed people do not have guaranteed incomes).

It is worth considering the wider context of executive pay. While the headline figure of £10 million may seem excessive, it is important to compare this to the pay of other executives in the industry and in other sectors. In many cases, senior executives in the energy sector are paid significantly more than Looney, and it is not uncommon for CEOs in other industries to receive much higher pay packages.

Overall, while the increase in Looney’s pay may be controversial, it is important to understand the context of the situation and the reasons behind the decision. BP’s record profits are a testament to the hard work and dedication of the company’s employees, and Looney’s pay is reflective of the role he has played in leading the company through a challenging period. Ultimately, the success of BP and the wider energy sector is crucial for the global economy, and it is important that companies are able to attract and retain talented leaders who can drive growth and innovation.

Why it is fair to have such an enormous pay increase whilst households suffer with the cost of living

As news of BP CEO Bernard Looney’s £10 million pay package makes headlines, there are concerns about the fairness of such a large increase in compensation, especially as many households continue to face the rising cost of living. However, it is important to recognize that executive pay is a complex issue, and there are several factors to consider when evaluating whether such pay increases are fair or not.

Firstly, it is important to understand that executive pay is not determined in isolation. Companies are often competing for top talent, and the salaries and bonuses they offer are often benchmarked against other firms in the industry. Therefore, it is important to consider the context in which such pay increases are given. In this case, BP is a global company operating in a highly competitive industry, and the company needs to attract and retain top talent to remain competitive.

Secondly, it is important to recognize that executive pay is often tied to company performance. In this case, the increase in Looney’s pay is a reflection of BP’s strong financial results in 2021. The company delivered record profits of $28 billion, despite the challenges posed by the COVID-19 pandemic and the global economic downturn. Therefore, the pay increase can be seen as a reward for Looney’s leadership and the company’s overall success.

Furthermore, it is important to understand that executive pay is often determined by a complex set of factors, including the size and complexity of the company, the level of responsibility of the executive, and the potential impact of their decisions on the company’s future. Therefore, comparing executive pay to the cost of living for the average household may not be an apples-to-apples comparison.

It is important to note that executive pay is subject to scrutiny from shareholders and the wider public. In this case, the pay increase was approved by BP’s shareholders in a vote at the company’s annual general meeting. Therefore, it can be argued that the increase in pay is a reflection of the will of the company’s stakeholders.

While it is understandable that some may question the fairness of executive pay increases, it is important to recognize that this is a complex issue that requires careful consideration. Factors such as industry competitiveness, company performance, and executive responsibility all play a role in determining executive pay

Should there be a wage cap on people earning ridiculous amounts of money such as a windfall tax?

Whether or not there should be a wage cap on people earning extremely high salaries is a matter of debate, and opinions on the topic vary.

On the one hand, proponents of a wage cap argue that extremely high salaries are often disproportionate to the value that an individual contributes to society, and that such high salaries can exacerbate income inequality. They may also argue that a wage cap could help fund important social programs by generating revenue through taxes or other means.

On the other hand, opponents of a wage cap argue that it could stifle innovation and entrepreneurship, as well as limit the potential earnings of individuals who have worked hard and taken risks to achieve success. Additionally, opponents argue that implementing a wage cap could be difficult to enforce and may lead to unintended consequences such as companies relocating to other countries with more favorable policies.

As for the idea of a windfall tax, this refers to a tax on large, unexpected gains that may result from events such as inheritance, lottery winnings, or stock options. While some argue that such a tax could help fund important social programs or reduce wealth inequality, others argue that it could discourage risk-taking and investment, ultimately harming the economy.

Ultimately, the decision on whether or not to implement a wage cap or windfall tax is a complex one that requires careful consideration of the potential benefits and drawbacks of such policies, as well as an understanding of the broader economic and social implications.

Should Bernard Looney have paid the windfall tax?

Whether or not Bernard Looney, the CEO of BP, should have paid a windfall tax is a matter of debate and would depend on the specific circumstances.

If Mr. Looney received an unexpected gain that qualified for a windfall tax, then he would be subject to the tax just like anyone else in a similar situation.

However, it’s worth noting that Mr. Looney’s compensation as CEO of BP would likely be subject to scrutiny and regulation by various governing bodies, and the specific details of his compensation package would need to be examined to determine whether or not it qualified for a windfall tax. Additionally, the idea of implementing a windfall tax on high earners, including CEOs, is a matter of debate and would depend on the specific policy proposals and circumstances involved.

How can Bernard Looney earn respect from people with such a high pay increase?

Bernard Looney, or any high-earning executive, can earn respect from people despite their high pay increase by demonstrating a strong commitment to their values, and by taking actions that demonstrate their commitment to social responsibility, fairness, and transparency.

One way to demonstrate a commitment to these values is by being transparent about executive pay and ensuring that it is fair and justifiable. This might include publishing pay ratios, disclosing how pay is determined, and demonstrating that the company is committed to providing a fair and competitive salary to all employees.

Another way to earn respect is by demonstrating a commitment to social responsibility through philanthropy or other charitable activities. This could involve supporting causes that are important to the company’s stakeholders or engaging in activities that benefit the wider community.

Additionally, demonstrating a willingness to listen to feedback and engage in dialogue with stakeholders can help build trust and respect. This might include engaging with employee groups, shareholder groups, or other stakeholders to discuss concerns and address issues that may arise.

Ultimately, the key to earning respect as a high-earning executive is to demonstrate a commitment to fairness, transparency, and social responsibility through actions that align with these values.

Should energy prices be reduced by companies like BP make profits

The question of whether energy prices should be reduced when companies like BP make profits is a complex issue that depends on various factors, including market conditions, supply and demand, and government policies.

In a competitive market, energy prices are generally determined by supply and demand, with prices rising or falling based on factors such as the cost of production, global demand, and the availability of alternative energy sources. As such, the profits earned by companies like BP are often linked to market conditions and may not necessarily reflect a lack of competition or price gouging.

Moreover, companies like BP play an important role in supplying the energy needed to power our economy, and they invest heavily in exploration, production, and infrastructure to ensure a reliable supply. Reducing energy prices could impact their ability to continue making these investments, which could ultimately harm the long-term supply of energy and negatively impact consumers.

That being said, governments and regulatory bodies can take steps to ensure that energy prices are fair and competitive, and to promote transparency in the pricing process. This might include implementing regulations on price setting, encouraging competition in the market, or promoting alternative sources of energy.

Ultimately, the question of whether energy prices should be reduced when companies like BP make profits is a complex issue that requires careful consideration of the broader economic and social implications.

Why should people suffer and have to choose whether to eat or stay warm

It is a fundamental human right for everyone to have access to basic needs such as food, shelter, and warmth. No one should have to suffer or choose between these basic necessities.

Unfortunately, poverty and inequality are persistent problems that can make it difficult for some people to access these basic needs. Many factors contribute to poverty and inequality, including systemic issues such as income inequality, lack of access to education and job opportunities, and inadequate social safety nets.

To address these issues, it’s important for governments, businesses, and individuals to work together to promote policies and initiatives that ensure access to basic needs for everyone. This might include initiatives such as affordable housing programs, free or subsidized food programs, and access to energy assistance programs to help people stay warm during cold weather.

Furthermore, addressing poverty and inequality requires a commitment to systemic change, including policies and initiatives that promote economic growth, provide access to education and job opportunities, and create a more equitable and just society.

In short, no one should have to suffer or choose between basic necessities such as food or warmth, and addressing poverty and inequality requires a collective effort to promote social and economic justice and ensure access to basic needs for everyone.

If people cannot afford to warm their homes because of rising energy costs who is to blame?

The issue of who is to blame for rising energy costs that make it difficult for people to afford to warm their homes is complex and multifaceted. It involves a variety of factors, including market conditions, supply and demand, government policies, and global economic forces.

One factor that contributes to rising energy costs is supply and demand. If there is an increase in demand for energy and a decrease in supply, this can drive up energy costs. Additionally, global economic forces, such as changes in oil prices or geopolitical tensions, can impact energy costs and make it difficult for some people to afford to warm their homes.

Government policies can also play a role in energy costs. For example, taxes on energy production and consumption can impact the price of energy, as can regulations on production and distribution.

Furthermore, the energy industry itself plays a role in setting energy prices. Energy companies are responsible for setting the prices of the energy they produce, and these prices are influenced by market conditions, production costs, and other factors.

In short, there are many factors that contribute to rising energy costs, and it is difficult to assign blame to any one group or individual. However, it is important for governments, energy companies, and other stakeholders to work together to promote policies and initiatives that ensure energy is affordable and accessible for everyone, especially for those who may be struggling to afford basic needs such as heating their homes.

Who decides on Government Policies?

Government policies are typically decided by elected officials, such as members of parliament, congress, or other legislative bodies, who represent the interests of their constituents. The process of developing government policies often involves a complex set of negotiations and consultations between different government departments, stakeholders, and interest groups.

In democratic countries, such as the United States, the United Kingdom, and many others, the policy-making process is designed to be transparent and inclusive, with opportunities for public input and feedback. This might include public consultations, hearings, and other forms of engagement with citizens and stakeholders.

However, the actual process of decision-making can be influenced by a variety of factors, including political ideologies, interest groups, and other pressures that can impact the decision-making process. This can lead to debates and disagreements within government and among stakeholders, which can result in compromises and adjustments to policies.

Ultimately, government policies are intended to reflect the needs and priorities of the society they serve, and are developed through a complex and often iterative process of consultation, negotiation, and decision-making.

Conclusion

Personally speaking, I think it is disgusting to be paid obscene amounts of money whilst the rest of the citizens of the UK are struggling to put food on their tables, having to decide to miss out on meals to keep their homes warm.

Governments and energy suppliers work hand in hand. The shareholders often blue chip companies make decisions for the rich to get richer and the poor to be poorer.

This makes me sick to the stomach and these CEOs should walk to the hall of shame. No one on this planet can say these CEOs work harder than the rest of the ordinary business owners in the UK. These blue-chip CEOs are pencil pushers, have a chain of command, and are backed by governments.

The package, which far exceeded the £4.457mn Looney received in 2021, yet could have been even higher. The remuneration committee said it had “exercised its discretion” to reduce the annual bonus and long-term share award by a combined £746,000, in part due to four fatalities at BP facilities during the year.

Further Reading

BP chief earns £10 million in pay as energy firms are ‘netting millions of pounds in pay’ whilst families struggle – London Business News | Londonlovesbusiness.com

BP chief Bernard Looney’s pay doubled to £10mn last year | Financial Times (ft.com)

The bp brand | Who we are | Home

Blue Chip Meaning and Examples (investopedia.com)

‘Greedy’ Labour council awards cabinet members 45 per cent pay rise (telegraph.co.uk) Further evidence that the rich are getting richer and the poor are getting poorer and there is a social divide.

Children share soiled beds while parents survive on leftovers as families struggle in cost of living crisis (msn.com)

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#bp #bpoil #oilcompanies #petrolprices #costofliving #energysuppliers #inflation #brexit # bernardlooney #bpceo #shareholders

How to Save Money and Stay Smart About Business Expenses 

Fri, March 10, 2023 / Suzie Wilson / 0 Comments
Image via Pexels 

Written By: Suzie Wilson – HappierHome.net

How to Save Money and Stay Smart About Business Expenses 

As a new business owner, it’s easy to get caught up in the day-to-day and lose track of your expenses. Whether you’re spending money on office supplies or hiring new employees, it’s important to be mindful of how much you’re spending. After all, your bottom line is what’s going to keep your business afloat. 

Track Your Cash Flow 

One of the most crucial things you can do as a business owner is to keep track of your cash flow. This means knowing how much money is coming in and going out on a daily basis.  

There are many ways to track your cash flow, including apps, spreadsheets, and even pen and paper. Find whatever system works best for you and stick with it. Doing so will help you avoid overspending and getting into debt. 

If your business is experiencing cash flow problems, finding new investors could turn your situation around as long as you proceed with caution. When you bring on new investors, you’re asking them to trust you and your ability to grow the business. You must provide a clear plan for how the money will be used and what the expected return on investment will be. 

If you can present a convincing case, new investors can be an excellent way to get your business back on track. They can provide the capital you need to cover daily expenses and invest in new products or services. They can also help you build relationships with other key players in your industry, which can give your business a boost. 

Choose Your Business Structure 

Establishing a limited company in the United Kingdom enjoys a variety of advantages. Owners have limited liability, meaning they are only responsible for the debts owed by their business up to the value of the shares they hold. In addition, a limited company can pass profits onto shareholders or directors free from any additional tax, providing both financial relief and freedom.  

Moreover, setting up as a limited company allows you to register at Companies House in England or Wales and reap the benefits of extensive UK-wide access to local legal and financial services. Ultimately, formulating a limited company is an excellent option for business owners seeking protection from liabilities with the added benefit of lower taxes. 

Spend Wisely 

In the early stages of running a business, it’s easy to get caught up in the excitement and make impulsive purchases. But you must remember that every pound counts. Before making any big purchases, ask yourself if it’s something that will benefit your business in the long run. If not, it’s probably not worth your money. And when possible, look for second-hand equipment. It can save you a lot of money and still allow you to get all of the furniture and equipment that you need.  

Determine Which Tasks To Prioritise 

When you’re first starting out, there are a million things that need to be done. But you can’t do everything at once. Determine which tasks are most important and prioritize accordingly. This will help you stay focused and avoid overwhelming yourself (and your employees). 

Keep Up With Your Taxes 

No one likes doing taxes, but they are a necessary evil of running a business. The sooner you get them done, the better. Procrastinating will only make the process more stressful (not to mention penalties and interest if you owe money). The best way to stay on top of your taxes is to set aside money each month, so you’re not scrambling come tax time. 

Use an Invoice Generator  

An invoice generator is a great tool for small businesses because it helps you get paid quickly and efficiently. You can customise a premade template with whatever designs and information you want. When customers receive their invoices via email, they can simply click a link to pay online.  

This saves you time and hassle by eliminating the need to chase down payments manually. Plus, it’s more convenient for your customers, which will encourage them to do business with you again in the future.  

Implement Strategies for Important Cost Savings 

Working smart instead of spending blindly is one of the key aspects that separate successful businesses from those that fail. Tracking your cash flow, forming a limited company, knowing when to spend, keeping up with invoices, and following the other tips above will position your company for long-term success! Remember that all the time and energy you invest now will pay off in the long run! 

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#companyformation #cashflow #cashflowforecast #spreadsheets #accounting #business #limitedcompany #taxes #businessstructure #companieshouse

The Cause Of Price Rises In The UK.

Wed, December 21, 2022 / CMJUK

The Cause Of Price Rises In The UK.

Have you ever wondered why everything is going up in the UK at an alarming rate? Are we led to believe that everything is going up because of Put#ns W#r? (Words are being censored).

The reality is something I have been saying for some time and that is the UK Government is in debt.

Borrowing November just gone was more than double what it was of November 2021.

Interest on government debts stood at £7.3 billion, up £2.4 billion on the same time last year.

Public sector net debt was up to 98.7% of GDP from 98.2% the previous month.

Danni Hewson, AJ Bell financial analyst, commented on the latest public sector finances: “Even in the midst of the pandemic November’s borrowing figures didn’t reach the heights, they’ve reached this year. The government’s simply spending far more than it’s bringing in despite the fact the tax take has increased significantly. One major factor behind the rise in borrowing costs is our old adversary inflation. Interest payments on all that debt have shot up to reach another record high for the month, coming in at more than seven billion pounds, a rise of almost two and a half billion on November 2021“.

Inflation and energy support push government borrowing to record levels

This then has a knock-on effect on the citizens of the UK. When we left the EU, the UK automatically owed trillions in debt.

My argument then and still stands today Brexit was sold on the fact with a lot of people wanted to vote out of the EU because of immigration. But immigration actually boosted the economy because whilst they worked they were paying taxes and buying and shipping abroad. Immigration has now escalated to another level of helping Ukrainians to start new lives whilst escaping their war-torn country.

So my point was would you allow a bunch of strangers to decide what is good for your company/business or would you entrust financial advisors? The same can be said that people who do not have an ounce of common sense let alone political or economic knowledge why were they given a chance to vote on the state of our country?

Everyone that voted out is now left to blame for the mess the UK is in and it’s only going to get worse.

If you do not know what you are talking about do not pretend that you do. By voting, you impact the country in the long run. People should educate themselves before talking about politics or economics and should not be made to vote unless they have passed an IQ test.

UK inflation: Is Brexit causing it to accelerate?

Former Bank of England policymaker Adam Posen insists that 80 percent of the reason why the UK has the highest inflation of any G7 country is due to the impact of Brexit on immigration and the labour market.

UK inflation: Is Brexit causing it to accelerate? – The Irish Times

He warned: “You’ve seen a huge drop in migrant labour, a disruption in labour markets that everybody experienced due to Covid and reopening, but with fundamentally less elasticity… and that [Brexit] has to be a major part of it,” he told a conference at Kings College in London.

Brexit explains 80% of UK inflation – and why it is here for the long run (thelondoneconomic.com)

#costofinflation #pricerises #costofliving #bankofengland #brexit #policymakers #politics #economics #immigration #financialadvisors #IQtests #generalelections #voting #commonsense #interestrates

AppDeveloperJobs.com Startup

Mon, October 03, 2022 / CMJUK / 0 Comments
www.appdeveloperjobs.com

AppDeveloperJobs.com Startup.

I am pleased to announce a new start-up on the market offering a portal for employers to post jobs and for developers seeking work.

This start-up offers businesses a platform to advertise job listings for app developers and to find work.

‘App Developers Jobs’ carefully approves each applicant before they have an active listing.

Developers who have portfolios may need a helping hand with marketing and businesses looking for developers or offering job vacancies can find the relevant data all in one place.

‘App Developers Jobs’ markets and advertises both businesses posting projects and developers looking for work.

A business after choosing the type of app they want to have developed will look for reliable partners to work with.

The key thing here is to find people for long-lasting cooperation.

Developing an app needs careful planning, it often requires at least two people: one developer and one designer.

Apps usually require knowledge of a few programming languages, not just talking about the design. Therefore, you need to find a developer that has knowledge of design and development as well as SEO.

Looking for a dev team or a partner.

Depending on your budget if you are aiming at creating a serious app business, working with an app development company would be the best choice. This essentially offers you some benefits like a good team, long-time support, experienced programmers, etc.

Development companies may eventually become your partners so that you’ll get not only your apps but also a helping hand in your business. A developer company that can offer, design, development, programming, SEO, marketing, and advertising is worth its weight in gold.

Do head over to ‘App Developers Jobs’ to advertise a vacancy, hire developers or advertise your business.

#appdevelopment #appdeveloper #appdeveloperjobs ##appdesign #appmarketing #appadvertising

5 Tips to Help You Create a Killer Mobile or Web App for Your Business 

Sat, August 20, 2022 / Ted James / 0 Comments
Image: Pexels 



5 Tips to Help You Create a Killer Mobile or Web App for Your Business 

Written By Ted James.

According to statistics, people downloaded 88 billion apps in 2021. Building an app for your business can be a great way to attract customers, improve customer engagement and build brand loyalty. These tips from Cymru Digital Marketing Business Journal will help you get started. 

1. Think of Problem Your App Can Solve 

Your app needs to serve a useful purpose. Before you start building, you need a problem that your app can solve. For example, if your problem is that customers can’t find what they need in your store, you could build an app that lets customers look up products and find out which aisle they are located in. 

2. Pick a Platform 

The platform you choose will affect how many people can use your app. For most businesses, it is best to include at least Android and iOS, because these are the two most common platforms. Other platforms to consider include React Native and Windows. The more platforms your app works on the more customers will be able to use it; however, if you have to develop multiple versions of the app, your costs may increase. If you are dealing with a tight budget, a web app may make sense because it can be used on multiple platforms. 

3. Research Potential Benefits 

Before you begin development, make sure that the app will benefit your business in some way. Mobile apps can increase sales. Customers like to research products before they buy them, and many make purchases from their mobile phones. An app that allows customers to do these things could generate more sales. 

A mobile app can help you compete with larger businesses by offering the same or better experience. For example, customers who prefer to place orders online may choose a company that offers a mobile shopping app over one that does not. 

Mobile apps also make it easier to communicate with customers through functions such as push notifications. Mobile apps are a good way to build brand loyalty by offering rewards programs. 

4. Find the Right Developers 

Unless you have app development experience, a do-it-yourself solution isn’t likely to produce a professional result. Look for developers with an experienced team, solid design talent, and a track record of developing successful apps for businesses. 

Read reviews online to find out what past customers think of their work. Ask them what apps they have created and for who, and download those apps to see whether you like them. Select a developer who is familiar with your industry and interested in your business. Choose a development team you feel comfortable working with throughout the development process. 

5. Make Collaboration Easy 

Effective communication with your app development team is one of the keys to building a successful app. Scrum is an Agile framework that can be used to develop complex projects. Consider taking an online professional development course to learn more about how you can use Scrum to manage your app development projects. Discover the best Scrum master course by reading reviews. Look for a course that lets you test your skills at the end of the course by taking an assessment test. 

Creating a mobile or web app for your business can be a big undertaking. However, the benefits may make the effort and expense worthwhile. Taking steps, such as facilitating communication and collaboration with your team and taking a Scrum course, can help you ensure that your app is a success. 



#communication #collaboration #developers #rewardprograms #tightbudget #mobilesales #88billionapps #appdevelopment

Sustainable Business Practices Are the Future — Are You Ready? 

Fri, July 22, 2022 / KATIE CONROY / 0 Comments
Photo Credit: Edmond Dantès via Pexels 

Written By: Katie Conroy.

Sustainable Business Practices Are the Future — Are You Ready? 

Today, major corporations around the world are striving to become more sustainable in their business practices. This is due to market demand; consumers these days are becoming increasingly aware of the environmental and social impacts of production, and are voting for sustainability with their dollars. According to a recent Nielsen survey, sales of sustainable products have been performing well above average. 

If you’re planning to start your own business, you should be aware of how sustainable business practices can reduce environmental impact while at the same time promoting healthy, thriving communities. Today, Cymru Marketing presents a guide to help you lay the groundwork for your sustainable business. 

Sustainability 101 

The National Geographic Society defines sustainability as “the practice of using natural resources responsibly, so they can support both present and future generations.” This is not a new concept; for centuries, leaders of the Iroquois Nation considered the impact of their decisions on their great-great-great-great grandchildren (which is the origin of the term “seventh generation”). The challenge for business in the 21st century is figuring out how to be “green” while at the same time remaining profitable. This involves numerous considerations, such as: 

  • The sourcing of materials  
  • Delivery of goods and/or services  
  • Ecological footprint 
  • Economic impact
  •  Fair business practices 
  • The local environment 

Finding Sustainable Opportunities 

When looking for a niche, take into account the local environment and culture. Keep in mind that a business idea that may be sustainable in one place won’t be in another. While researching your idea, consider consumer demand and how to address it sustainably. It’s also worth looking into the walking score of a given location, in order to cut down on vehicular traffic. 

Understanding the Pros and Cons 

One of the challenges of going green is cost. Sustainable, eco-friendly fair-trade materials and products are simply more expensive and can reduce your profit margin. You may be able to make up some of this through volume, however, depending on the attitudes and values of your customer base. 

Marketing the Benefits 

In your marketing, you want to point out how patronizing sustainable businesses benefits a consumer personally. Nobody, especially consumers, wants to hear a sermon about their “responsibilities”; they want to know what’s in it for them.  Consider touting the benefits of a clean environment on personal health and the comfort of knowing their children and grandchildren will be able to enjoy those benefits as well. 

While keeping that in mind, continue to look for opportunities to authentically show your clientele what you’re doing to make your business sustainable. If you find a niche opportunity that isn’t being met in your area, start a green task force and share the positive changes through your marketing. Or join up with an already established organization doing great work and share how the partnership benefits the environment. You should also try to find an influencer marketing agency to help you get the word out. After all, it’s not just about what you do; it’s also about advertising your philosophy and serving as a demonstration of the results. 

Starting or shifting a business to a green model is neither easy nor inexpensive under the current system. It is nonetheless what a growing number of consumers are looking for, so it’s a wise choice in all ways. Make the right choices in your processing and market your venture appropriately. An investment in sustainability may be challenging but can pay off handsomely in the long run. 

Cymru Marketing Specializing in SEO, SMO, Exact Match Keyword Domain Names Sales & Acquisitions, Press Releases, Affiliate Marketing, Lead Generation & Web Design. To get started, please email us at hello@cymrumarketing.com. 

#FairTrade #Marketing #Sustainability #Ecological #LocalEnvironment

Start the Business You Dream About: Prevail Over Your Fears

Thu, June 16, 2022 / KATIE CONROY / 0 Comments
Keep your business moving forward
Image: Pixabay

Written By: Katie Conroy

Start the Business You Dream About: Prevail Over Your Fears

Starting a business comes with its share of perks, such as being in charge of the company and your financial future. It comes with risks as well, which can be frightening. You, however, need to overcome those fears to reap the rewards. But how do you go about this? Here are some tips from UK Business Banking on how to get started.

Begin as a Side Hustle

If you currently don’t have the financial means to put all your eggs in one basket, work on your business as a side hustle. Continue working your current job, but use your free time to begin your company. This way, you still have stability with less risk and can see if entrepreneurship is a fit for you.

Take Advantage of Free Tools

When starting out, you will likely have limited resources and will need to stretch your funds as far as possible. This means you should use free software and apps whenever

possible. If you’re working with images and documents, for example, use a free online tool to turn your image into a PDF in lieu of purchasing dedicated software. This way, you can store your images in the cloud for free, as well as distribute them as you like.

Know Your Strengths and Weaknesses

Before you begin, take time to reflect on your strengths as well as your weaknesses. Hone in on your strengths as much as you can, and consider hiring help to handle the areas of business where you’re less proficient. For instance, if you’re not artistic, consider hiring a professional to develop your logo. If you’re not familiar with search engine optimization (SEO) and web design, hire a freelancer or company to assist.

Choose a Business Structure Early

When you start planning your business, select a business structure early. This affects how you operate your company. One option is a limited company. It limits your personal liability in case of a lawsuit, which can be a relief if you’re worried about losing your home if an issue arises. Use an online formation service to assist in this process. Doing this helps you comply with the law while spending less of your time handling the paperwork.

Implement Certain Marketing Tactics

How you market your business has a strong impact on your success. Part of the equation consists of digital marketing since the Internet is where most people go to find products or services. You can automate digital marketing efforts with a software-as-a-service (SaaS) solution to integrate with all your existing tools and services to seamlessly help your marketing reach go further.

Nevertheless, you can’t neglect traditional marketing tactics. For example, you should have a business card to give to people you meet. It makes a lasting impression and acts as a gentle reminder of your products or services. You can create business cards online using a pre-fabricated template that allows you to choose your colors, images, text, and font.

Create a Strong Business Plan

Establish a strong business plan that covers a variety of elements, such as your marketing, including your website. Part of your business plan should cover aspects that make your website convenient. For example, save yourself and clients or customers time and hassle by enabling your app or website to accept payments. This promotes long-term growth and makes it simple for your clients or customers.

Compare your payment options carefully. You want a system that doesn’t charge astronomical credit card processing fees and lets your customers or clients know they have the funds available for payment.

Have Realistic Expectations

While making £1 million in your first year of operations would be wonderful, this isn’t realistic. The average small business owner earns less than £30,000 per year. When you’re just getting started, it takes time to gain exposure and become successful.

Risk-Taking Can Equal Success

Although it might seem scary and overwhelming to take a chance, overcoming your fears and starting a business can lead to success.

#seo #searchengineoptimization #businessplan #businesscard #companyformation #limitedcompanies #ukbusinessbanking #owningabusiness

Keep your business moving forward

Boycott Companies Trading With Russia

Mon, March 07, 2022 / CMJUK / 0 Comments

UK ADVERTISMENT!

Disclaimer of the Brands In this Article. Many Brands are Switching Sides so you need to do your research before making a campaign. Every day more brands are washing their hands of the Russian Dictator. Shell has announced today they will no longer be trading with Russia.

Boycott Companies Still Trading in Russia.

We as citizens need to take a stand and support Ukraine from companies that continue to trade with Russia. This means putting pressure on corporations and refusing to buy their products, so even if you may love your coffee, beefburgers, and your fizzy pop, it is a small sacrifice to make to help put an end to this atrocity that is happening in Ukraine.

You would not only be helping our own Governments but you will also be helping people in Ukraine and trying to end this senseless w##.

The more companies that turn their backs on Russia eventually their economy will collapse. They need money to buy artillery, pay their military, and provide for their people.

If we can hit Russia in its pockets, they will eventually run out of money, but this also applies to putting a point across to the companies that are in bed with the enemy.

Global News has already published the outcry to boycott McDonald’s, Coca-Cola, PepsiCo, and Shell as these companies are still trading in Russia thus helping to fuel the fire.

https://www.independent.co.uk/news/world/americas/us-politics/cocacola-mcdonalds-pepsico-boycott-russia-b2029741.html

https://www.thesun.co.uk/news/17865602/mcdonalds-coca-cola-boycott-russia-business/

https://www.businessinsider.com/mcdonalds-pepsico-face-boycott-halt-business-russia-ukraine-invasion-2022-3?r=US&IR=T

https://www.bbc.co.uk/news/business-60649214

It has been reported that three Ukrainian supermarket chains announced they are removing Coca-Cola products from their store shelves and the hashtags #BoycottCocaCola, #BoycottPepsi, and #BoycottMcDonalds were trending on Twitter over the weekend. However, people who support Ukrainians around the world should also take a stand against these companies until they join the rest of the world to help end this diabolical w##

Companies Still Trading With Russia:

Boycott Companies That Are Still Trading With Russia!

Citigroup Inc C -1.83%(Get Free Alerts for C): The Bank was trying to remove itself from Russia long before the Ukraine invasion, but it is trapped in a quagmire — efforts to sell its Russian consumer business is in limbo because the sole potential buyer, the Russian state bank VTB Bank, has been sanctioned by the U.S. government. In its defense, Citigroup CFO Mark Mason stated the bank might need to write off nearly approximately $9.8 billion.

Coca-Cola Co KO -2.37%(Get Free Alerts for KO): Coca-Cola Hellenic Bottling Company AG, the Swiss-based firm distributing Coca-Cola products in Russia has not only shown no signs of suspending operations, but it also went so far as to tell the Russian news agency Tass: “All operational, production and logistics facilities of Coca-Cola in Russia are working. “We are fully responsible to partners, society, and thousands of our employees in Russia. Our top priority is the safety of our employees.” Coca-Cola announced it had halted production at its factory in Kyiv and evacuated its employees, yet is still doing business in Russia, which makes you wonder where their priorities lie?

Estée Lauder Companies Inc EL -7.56%:Thie hair and skin care and cosmetics provider which has headquarters in New York generates 2.7% of its revenue, or approximately $500 million, from sales in Russia. The company issued a statement on March 4 insisting it was “committed to supporting those impacted by the invasion of Ukraine,” adding that its “priority is the safety and well-being of all ELC employees, and we are continuously monitoring the situation and evaluating all possible measures to support them.”

Herbalife Nutrition Ltd HLF -0.06%:This multi-level marketing corporation gets 3% of its revenue, or approximately $150 million, from sales in Russia. On Feb. 23, the day before Ukraine was invaded, Herbalife President John DeSimone answered an earnings call question about the region and stated while there was a risk in Russia, “the biggest risk is probably in Ukraine, and it’s not a material country to us.”

Hilton Hotels Corporation HLT -6.32%: Among the U.S. lodging companies, Hilton has 29 hotels in Russia; its sole Ukrainian operation is a hotel in the capital city of Kyiv. Hilton is still operating at the locations and the company has yet to make any public comment regarding the crisis in the region.

Kimberly-Clark Corp KMB -0.91%:The personal care product provider has been part of the Russian market since 1996 and generates 3% of its revenue, or $600 million, from sales in that country. In January 2019, it announced an $80 million to expand its Russian flagship factory in Stupino, a town 61.5 miles south of Moscow. Kimberly-Clark has not offered any public comment regarding Russia’s actions in Ukraine.

McDonald’s Corp MCD -4.88%: The fast-food giant gets 9% of its revenue from the Russia/Ukraine markets, or roughly 2.3% billion. The majority of its Russian locations are franchised by Russian Business Owners, yet the company has ignored growing demands from consumers and elected officials to shut down its Russian eateries.

Papa John’s International Inc. PZZA -7.76%: The Pizzaria chain has approximately 185 restaurants in Russia, headquartered in Atlanta USA. On the company’s fourth-quarter earnings call on Feb. 24, the day of the invasion, President and CEO Robert Lynch stated: “that any change to our restaurants in Russia will depend on how much disruption there is there and the impact of that business.” He continued to say he has no plans of closing any of the restaurants down and added the company had no restaurants in Ukraine.

PepsiCo Inc. PEP -1.99%: The Purchase, New York-based company is being pressured to rethink their business with Russia, with 4.4% of its revenue, or $3.4 billion, coming from that market, the firm is being pressured by New York State Comptroller Thomas DiNapoli who controls the state’s $280 billion pension funds, which includes PepsiCo shares, and he bluntly stated it would be in the company’s best interests to “address various investment risks associated with the Russian market.”

Starbucks Corporation SBUX -6.19%: The famous coffee house headquartered in Seattle has 130 licensed coffee shops in Russia; with no presence in Ukraine. The CEO Kevin Johnson is not forcing its Russian partners to close, he informed his workforce via an internal memo that the company “will donate any royalties we receive from our business operations in Russia to humanitarian relief efforts for Ukraine.”

Shell PLC said they would continue to buy crude oil from Russia so as not to disrupt the market for the consumer but with the news hitting headlines today that car fuel prices will be rising, I as a consumer would much prefer to buy fuel that is not laced with blood. https://news.sky.com/story/ukraine-war-fuel-prices-hit-new-uk-records-with-diesel-averaging-1-61-amid-warnings-of-worse-to-come-12559818

(At the time of this article going to press, it has been announced today Shell is now pulling out of Russia which is excellent news 🙂 I would have hoped that contacting the family office in the UAE had something to do with it).

The complete list of companies that remain can be seen below:

Credit Jeffrey Sonnenfeld (som.yale.edu)

“This does not say much about these companies if they are in cahoots with a Dictator that is threatening everyone that interferes with his actions”.

Companies that have turned their backs on Russia are:

Over 200 corporations including Apple and Netflix have halted operations in the country since President Vladimir Putin launched a full-scale att### on Ukraine.

Amongst the Companies Are:

Accounting and financial services companies:

British-Dutch multinational professional services network KPMG; professional services network PricewaterhouseCoopers (PWC); and payment card services giant American Express have stopped their respective operations in Russia.

* Entertainment and messaging companies:

Global streaming entertainment service Netflix; and instant messaging app Snapchat have also ceased their operations in Russia.

The Walt Disney Company, Sony, and Warner Bros have said they are pausing their release of films in Russia

* Technology companies:

Apple has paused selling its products (both offline and online) in Russia.

Microsoft has also stopped “other aspects of business in Russia.

Alphabet Inc’s Google has blocked the Russian news outlets RT and Sputnik.

Meta (formerly Facebook) also blocked the Russian state media houses.

Samsung Electronics also suspended its shipments to Russia.

* Automobile companies:

Mercedes-Benz has stopped manufacturing and passenger car export in Russia.

Ford and General Motors have discontinued their operations in the country.

* Retail companies:

American company PVH, which operates Calvin Klein and Tommy Hilfiger, has suspended ops in Russia. 

Nike, H&M and Ikea also suspended operations in Russia.

Home rental company Airbnb and payment firm PayPal have also suspended their operation in Russia.

Ikea has temporarily closed all 17 stores and factories across Russia in a move affecting 15,000 workers

M&S the British Retailer said has suspended shipments to its Turkish franchisee’s business in Russia, which has 48 stores and 1,200 employees stating “we are building on our existing support for Unicef’s UK’s Ukraine appeal with £1.5m packages to support the UN Refugee Agency and Unicef to help children and families in need.” They also said it was sending £0.5m of coats and thermals to Ukraine, where it ceased operations at 10 stores a week ago.

Volkswagen Group announced it had stopped production of vehicles in Russia until further notice, a decision affecting the Russian production sites in Kaluga and Nizhny Novgorod. Vehicle exports to Russia have also been stopped with immediate effect, it said. Carmaker Ford said it had suspended its commercial van joint venture in Russia “until further notice”. And in the past few days, General Motors, Jaguar Land Rover and Renault have all halted sales and operations in Russia.

Diageo, which makes Smirnoff vodka and Guinness, said it had paused exports to Russia and Ukraine.

Online travel booking firm Expedia said it had stopped selling travel in and out of Russia, making it one of the first travel companies to announce such a move.

British online retailers Boohoo and Asos announced they had suspended sales in the country, as did the Swedish clothing giant H&M.

The Spanish fashion retailer Mango announced a temporary closure of its 120 shops in Russia and its online sales site there.

The British Luxury Fashion House Burberry said it had ceased shipments to the country, effectively shutting down its online operation they also have three stores in Russia, one of which is run by a franchisee and one in Moscow’s Red Square, and these currently remain open but they are not receiving new deliveries.

Nike has said it is preventing Russian customers from buying online and Adidas has suspended its partnership with the Russian Football Union.

The Full List Of Companies No Longer Trading With Russia

Can Be Seen Below:

Credit Jeffrey Sonnenfeld (som.yale.edu)
Credit Jeffrey Sonnenfeld (som.yale.edu)

Petrol Diesel Price Rises.

Despite presumingly getting cheap crude oil, petrol retailers have urged the chancellor to help motorists absorb record bills by cutting VAT on fuel.

The Petrol Retailers Association (PRA) spoke up as the cost of filling up hits new heights on a daily basis in the wake of Russia’s invasion of Ukraine.

https://news.sky.com/story/cost-of-living-sunak-faces-calls-to-cut-vat-on-fuel-as-retailers-defend-necessary-pump-price-hikes-12555716

Final Thoughts From The Editor.

I have redacted some words as I have noticed that online censorship is causing certain articles to get flagged or banned so I have replaced certain letters with hashtags. I wrote about online censorship and words can get you struck off https://marketingagency.cymrumarketing.com/2022/03/05/online-censorship/

I first noticed a problem when I used certain keywords like the Russian Dictators name in an article I wrote about how all Energy and Fuel Price Rises are going to increase poverty to unprecedented levels and how it will affect people’s mental health. This article kept coming back as a 500 sever error and my IT team could not understand what the issue was until I did a bit of digging and finally edited the article into three parts omitting certain words and phrases and not publishing the video that was controversial. You can read the edited article about Financial Difficulty here.

If you are finding your utility bills in the UK going to be unmanageable do consider changing utility providers.

Mental health can affect all people in all walks of life and poverty can cause poor mental health through social stresses, stigma, and trauma. When individuals find themselves in financial difficulty and perhaps do not have the necessities to survive, mental disorders such as depression or anxiety can develop and intensify. Mental health is also caused by grief. Grief can be caused by a number of situations such as the loss of a loved one through death, divorce, or separation. Grief can also be because of the loss of your home and worldly possessions as in the case of many millions of people in Ukraine right now.

If you have been affected by grief or are in financial difficulty I highly recommend you read the following articles I have written on this site and on another that I own:

  1. Coping With Grief
  2. Financial Difficulty
  3. Mental Health Useful Links

“If you found this post useful do take a moment to comment, share and subscribe”.

“Please don’t forget to do your part as a consumer to help stop this evil dictator and put an end to all the people dying”.

“This is now another reason why our prices are rising and inevitably our mental health getting worse”.

“If we come together and stand united we can conquer everything that faces us. My thoughts are with the people of Ukraine”.

“Slava Ukraini“.

https://www.oxfam.org.uk/oxfam-in-action/current-emergencies/ukraine-crisis-appeal

#BoycottCocaCola, #BoycottPepsi, and #BoycottMcDonalds #BoycottMcDonalds #BoycottHiltonHotels #BoycottEsteeLauder #BoycottRussia #BoycottPapaJohns #BoycottStarbucks #BoycottPirelli #BoycottMarriot #BoycottCoty #BoycottUnilever #BoycottNestle #BoycottYumBrands #BoycottCitiGroupInc #BoycottHerbalife

Shell Continues To Buy Crude Oil From Russia.

Sun, March 06, 2022 / CMJUK / 0 Comments

Shell Continues To Buy Crude Oil From Russia.

Europe’s largest oil company said on Saturday that it would most probably still continue to buy Russian crude oil to supply its customers and feed into its refineries with petrol and diesel, however, on the other hand, to put a band-aid on a gaping wound would donate any profits to a charity dedicated to “the people of Ukraine.”

https://www.nytimes.com/live/2022/03/05/world/russia-ukraine?smid=tw-nytimes&smtyp=cur#shell-says-it-will-buy-russian-crude-and-use-the-profits-to-help-ukraine

According to https://fortune.com/2022/03/05/shell-says-it-bought-russian-oil-after-government-talks/ Shell reportedly on Friday bought a cargo of Urals crude oil from Trafigura Group, at a record discount to benchmark prices in a signal that major buyers will likely continue to make purchases of Russia’s energy products despite its increasingly deadly war against Ukraine.

https://fortune.com/2022/03/05/shell-says-it-bought-russian-oil-after-government-talks/

If this is not helping to fuel the fire, I don’t know what is? and people should make the right decision to continue to use this brand.

Is there not enough oil in UAE?

Has UAE got enough oil or is it running out?

The United Arab Emirates has enough oil for the next 299 years and has proven reserves equivalent to 299.0 times its annual consumption. This means that, without Net Exports, there would be enough oil for the next 299 years (at current consumption levels and excluding unproven reserves).

https://www.worldometers.info/oil/united-arab-emirates-oil/

Therefore the only reason why Shell would continue to do business with Russia is the price of the oil, where Russia’s oil is cheaper.

If all major corporations, government, and countries are turning their backs on Russia then this company should be no different.

“Any company that helps the Russian Economy is as bad as the Russian Dictator and they too have blood on their hands”.

Shell PLC.

Shell plc is a British publicly traded multinational oil and gas company headquartered at Shell Centre in London, United Kingdom. Shell is a public limited company with a primary listing on the London Stock Exchange (LSE). It is one of the oil and gas “supermajors” and by revenue and profits is one of the largest companies in the world, ranking within the top 10 of the Fortune global 500 since 2000. Measured by both its own emissions, and the emissions of all the fossil fuels it sells, Shell was the ninth-largest corporate producer of greenhouse gas emissions in the period 1988–2015. Citation Wikipedia.

https://en.wikipedia.org/wiki/Shell_plc

Shells Key People.

I think any company that trades with Russia should be penalized by the government and anyone that knows of a company trading with Russia should stop buying from them its as simple as that.

If I am an itsy bitsy business that can sever all ties with Russia and take down my eCommerce platforms powered by “Ecwid Lightspeed” then everyone should do their part to help stop this w## and bring down the dictator and the Russian economy.

Shell released a statement on Saturday, saying it was a tough decision. “Yesterday we made the difficult decision to purchase a cargo of Russian crude oil,” Shell tweeted however it would abandon its involvement with the Nord Stream 2 pipeline, its stake in the company’s natural gas facility, and its venture with Gydan energy.

According to Shell the reason why they have decided to continue doing business in Russia was to not disrupt the market supply that if sourced elsewhere would have caused delays for the consumer. However, the consumer would have waited for delayed shortages and would have temporarily used an alternative supplier until Shell got back on its feet again.

Credit www.newsweek.com

https://www.newsweek.com/shell-continues-buy-russian-oil-after-vowing-stop-russia-investments-1685263

“It is now down to the consumer if they wish to continue buying from ‘Shell’ or help end this senseless w## by finding an alternative supplier of auto fuel”.

If you found this article insightful, please take a moment to comment, share and subscribe to get more news that has not got a paywall.

#shell #shellfuel #petrol #diesel #shellpetrol #shelldiesel #shellunleaded #crudeoil

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