Billionaire Labour Voter Slams ‘Totally Wrong' UK Non-Dom Reform
One of the Labour Party's richest supporters has criticized the UK government's plan to reform taxes for affluent foreigners living in Britain, the latest sign of turmoil among the nation's wealthy elite.
British billionaire John Caudwell said it was 'totally wrong' to scrap the so-called non-dom tax regime from next month. The decision is 'wrong financially for the country, and it was wrong from a fairness point of view' he said in a Bloomberg Television interview on Wednesday.
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Atlantic
36 minutes ago
- Atlantic
The Shame of Trump's Parade
Today—250 years since the Continental Army officially formed to fight for the independence of the American colonies against the British monarchy—marks a milestone in President Donald Trump's effort to politicize the U.S. military. Though they are rare, military parades have happened before in Washington, D.C. For the most part, these have been celebrations of military achievements, such as the end of a war. But today is also Trump's birthday, and what he and his supporters have planned is a celebration of Trump himself. A mark of a free society is that its public institutions, especially its military, represent the body politic and the freedom-enabling equal rights that structure civic life. If service members and the public begin to believe that the military is not neutral but is in fact the servant of MAGA, this will threaten the military's legitimacy and increase the likelihood of violent conflict between the military and the public. Today's events bring us one step closer to this disaster. I have seen the politicization of the military firsthand. Last month, I resigned my tenured position as a philosophy professor at West Point in protest of the dramatic changes the Trump administration is making to academic programs at military-service academies. Following an executive order from January, the Department of Defense banned most discussions of race and gender in the classroom. West Point applied this standard to faculty scholarship as well. As a result, my research agenda—I study the relationship between masculinity and war, among other things—was effectively off limits. I consider what the Trump administration is doing to the military-service academies as a profound violation of the military's political neutrality. That destructive ethos is the same one apparent in the parade scheduled for today. Before Trump was reelected, the Army had planned significant celebrations across the country to mark this day, including the release of a commemorative postage stamp and a visit to the International Space Station by an Army astronaut. But according to The New York Times, arrangements for today's D.C. event, unlike the other plans, began only this year. The day is scheduled to begin with a variety of family-friendly concerts, a meet and greet with NFL players, and military-fitness competitions, all on the National Mall. If all goes to plan, the celebrations will culminate with what organizers are calling a 'grand military parade' that starts near the Pentagon, crosses the Potomac River, and ends near the White House. The parade is anticipated to involve 6,700 active-duty soldiers and a massive display of Army equipment: dozens of M1A1 Abrams tanks and Stryker armored personnel carriers, along with more than 100 other land vehicles, 50 helicopters, and a B-25 bomber. Trump is scheduled to give remarks after the parade and receive a flag delivered from the air by the U.S. Army Parachute Team known as the Golden Knights. A fireworks show is set to follow later tonight. The organizers have made it abundantly clear that today's purpose is to directly laud Trump and his politics. In promotional materials, they tell us, 'Under President Trump's leadership, the Army has been restored to strength and readiness.' They credit his 'America First agenda' for military pay increases, enlarged weapons stockpiles, new technologies, and improvements in recruitment, declaring that he has 'ensured our soldiers have the tools and support they need to win on any battlefield.' Monica Crowley, the State Department's chief of protocol and a former Fox News host, went on Steve Bannon's podcast WarRoom to say that the concurrence of the U.S. Army's anniversary and Trump's birthday is 'providential.' She called it 'meant to be. Hand of God, for sure.' She added, 'It is really a gift, and we want to be sure that we celebrate in a manner that is fitting, not just of this extraordinary president but of our extraordinary country.' She also expressed hope that the crowd would serenade the president with 'Happy Birthday.' Clearly, Trump isn't merely the guest of honor; he is the reason for the party. During his first administration, members of Trump's own Cabinet often thwarted his efforts to corrupt the Pentagon. This time, Trump has appointed a secretary of defense, Pete Hegseth, who is willing to tear down the boundaries separating politics and the management of national defense. Trump and Hegseth claim to be purging the military of politicization instilled by previous administrations and resetting the DOD around the nonpartisan matter of readiness for war. But in reality, they have used this rationale as a cover to insert an unprecedented level of political partisanship into the military. Other events in recent months have pointed in this same direction. For instance, in February, the administration fired the top lawyers for the Army, Navy, and Air Force. The only meaningful justification given for the move was Hegseth's claim that the fired lawyers might be roadblocks to the president's agenda—a frightening admission. In January, the administration banned transgender people from serving in the military, not because they allegedly pose a threat to unit cohesion or because their medical treatment is unusually expensive, but because they are supposedly bad people ('not consistent with the humility and selflessness required of a service member'). At present, transgender soldiers who have met all performance standards are being discharged simply because of the administration's bigotry against them. The administration has also inserted its politics into all the military-service academies—the reason I left West Point last month. Trump and Hegseth have denied the validity of ideas that are taken seriously in a variety of disciplines and banned them from the classroom, including, as I noted above, matters pertaining to race and gender. Books and other works, most of which are by women and people of color, have been removed from the curriculum. The academic programs of the service academies are now structured around the Trump administration's ideological worldview. Faculty and cadets wonder if they are allowed to entertain perspectives inconsistent with the administration's politics. In May, Hegseth led an evangelical prayer service in the Pentagon's auditorium. Standing at a lectern with the Department of Defense seal, Hegseth led the audience in prayer to 'our Lord and savior, Jesus Christ.' The main speaker at this service was Hegseth's pastor, Brooks Potteiger, of the Pilgrim Hill Reformed Fellowship, in Goodlettsville, Tennessee. This church restricts all leadership positions to men, declares homosexuality immoral, and asserts that women should not serve in combat. Of course, there is nothing wrong with a secretary of defense acknowledging his religious faith. What's objectionable is the use of his authority to push his personal religious views on subordinates, especially as the director of a major institution of the secular state. The president now routinely speaks to uniformed service members in his red MAGA hat, using his trademark rhetoric centering himself and belittling, even demonizing, his critics. He openly suggests a special alliance between him and the military. At Fort Bragg on Tuesday, for instance, Trump encouraged uniformed soldiers to cheer his political agenda and boo his enemies. This is all extremely dangerous. Keeping the military a politically neutral servant of the constitutional order, not of the president or his political ideology, is vital to ensuring the security of civil society. Up until a week ago, the blurring of the boundaries between the administration's ideology and the military had not yet manifested as an attempt to employ the military directly on Trump's—or the Republican Party's—behalf. The steps taken until that point had been mostly symbolic. (The one possible exception was the deployment of the military at the southern border in what is essentially a law-enforcement matter.) But these symbolic expressions of military politicization have paved the way for that endgame—presidential orders that deploy the military for directly partisan ends. In just the past week, the Trump administration responded to protests against the enforcement of his immigration policies with military deployments. The likelihood that the administration will try to use the military against its political opponents is now very high. If that comes to pass, we will then learn just how successful Trump's efforts to politicize the military have been.
New York Post
2 hours ago
- New York Post
What to expect at Trump's $45 million military parade celebrating the US Army's 250th in DC
Hundreds of thousands of revelers are expected to flood the streets of Washington, DC, Saturday to celebrate the 250th anniversary of the US Army. The multi-million dollar parade — which also happens to be President Trump's 79th birthday — will feature a dramatic display of around 6,600 soldiers as well as hundreds of vehicles and aircraft, Army officials said. 'We're going to have a great time; we are going to have a great celebration,' Trump said, touting the festival as a show of US military might. 10 The June 14 festival will feature Army vehicles dating back to the Revolutionary War all the way up to the modern era. AP Planning for the celebration has been underway for the better part of two years, but the parade of military vehicles was added to the festivities this year, according to Army officials, who told CBS News the armed services branch is unlikely to acknowledge Trump's birthday during the parade. The price tag for the event has been estimated between $25 million and $45 million, officials said, though the exact cost has not yet been disclosed. Although the event will align with Trump's birthday, the timing is just a coincidence. The Second Continental Congress voted to create the Continental Army on June 14, 1775, after battles against the British in Concord and Lexington, naming George Washington commander-in-chief the next day. 10 What to expect at Trump's $45 million military parade celebrating the US Army's 250th in DC Falon Wriede / NY Post Design Army Secretary Dan Driscoll told the House Armed Services Committee that the parade represents an 'amazing opportunity' to tell the story about the Army, and could even pay recruitment dividends. 10 President Donald Trump arrives to speak at Fort Bragg, Tuesday, June 10, 2025, in Fort Bragg, N.C. AP 10 Around 150 ground vehicles and some 50 aerial vehicles will be part of the parade. REUTERS 'I believe very specifically that telling that story will directly lead to a recruiting boom that will fill up our pipeline for the coming years,' Driscoll said. The festival will kick off on the National Mall at 9:30 a.m. on Saturday, running until 6 p.m. The military parade will start at 6:30 p.m., starting at 23rd Street NW along Constitution Avenue to 15th Street NW, concluding around 7:30 p.m. Fox News will be airing special coverage of the parade from 6-10 p.m. ET; if you don't have cable, you can watch for free with a five-day trial of DIRECTV. A fireworks display on the mall is scheduled to follow the parade around 9:45 p.m. 10 A U.S. Army Bell AH-1 Cobra attack helicopter is parked on display on the National Mall across from the Smithsonian Natural History Museum on June 11, 2025 in Washington, DC. Getty Images The parade will be the first such cavalcade since the end of the Gulf War in 1991, during which around 200,000 people gathered on the National Mall to watch some 8,000 service members march in the National Victory parade. Because the massive equipment — some, like the M1A1 Abrams tank weighing upwards of 60 tons — wasn't designed to roll down paved city streets, the Army has been making special preparations to minimize damage to DC roadways. Leading up to the parade, the Army has been placing one-inch-thick steel plates, ranging in size from 4-by-8 feet to 8-by-20 feet, at points on the route where the heavier vehicles will be making turns. 10 Army soldiers work on an assortment of M1 Alpha a3 Abrams tanks, stryker armored vehicles, and M2 Bradley fighting vehicles at West Potomac Park along the Potomac River on June 11, 2025 in Washington, DC. Getty Images The Army has pledged to pay for the repairs if any streets are damaged, which could add $16 million to the price of the festival, according to NBC News. US Army Col. Jesse Curry, who heads the Office of the Chief of Engineers, told reporters Monday during a security briefing that the vehicles will also be equipped with rubber track pads to further mitigate damage, noting that they will be traveling slowly. The parade will serve as a living history lesson, spanning every era of the Army from the Revolutionary War to today — and even the future — as thousands of soldiers will be decked out in era-appropriate uniforms and gear. 10 The parade will be held in DC on June 14 — President Trump's 79th birthday — but the date is just a coincidence. Getty Images Front and center at the parade will be a tribute to the American Revolution, featuring horse-mounted Dragoon troops outfitted with the uniforms and weapons from that time. Next up will be the Civil War, featuring 12 Texas steeds leading the march and a pair of mules pulling a wagon to symbolize the Western Expansion that followed the conflict, which included scores of battles with Native Americans. World War I and World War II will be represented with a classic Renault Tank, the famous armored vehicle used by the Allies, as well as a vintage 1918 Dodge Touring Car. 10 At 8pm there will be a concert on The Ellipse. AP The World War II section of the parade will be the biggest, featuring multiple American trucks and jeeps used in the war and supplied to US allies, including the Chevrolet G7117 and Ford GPW. This section is also when the aerial events start, with the B-25 Mitchell bomber, C-47 Skytrain transport, and P-51 Mustang fighter plane set to fly over DC. Cold War-era conflicts like the Korean and Vietnam Wars will see the aircraft procession continue with the OH-6 Cayuse, AH-1 Cobra and UH-1 Iroquois helicopters. 10 Soldiers stand between columns of Stryker armored vehicles taking part in the Army's 250th birthday celebration parade during a preview at West Potomac Park in Washington, DC on June 11, 2025. AFP via Getty Images The next section will start with the iconic M2 Bradley fighting armored vehicle deployed during the Gulf War in the early 1990s. Along with the armored vehicle, the troops will also show off the powerful Paladin and M1A1 Abrams tanks, and the M119 Howitzer. Vehicles from the War on Terror will also be featured, including the modern US Stryker armored vehicle, which became a staple of America's war in the Middle East. The final section includes a roundup of the American equipment from previous wars that are still used today, along with new additions like the M777 Howitzer that was used in Afghanistan. The parade is not without controversy — the cost has come under scrutiny by members of Congress, particularly as the Trump administration has made cutting wasteful government spending a top priority. 10 A Sikorsky UH-60 Black Hawk helicopter to be used in the U.S. Army's 250th Birthday Celebration and Parade, lands on the National Mall near the U.S. Capitol in Washington, D.C. on June 11, 2025. REUTERS
Yahoo
2 hours ago
- Yahoo
Pulsar Group plc (LON:PULS) Is Expected To Breakeven In The Near Future
We feel now is a pretty good time to analyse Pulsar Group plc's () business as it appears the company may be on the cusp of a considerable accomplishment. Pulsar Group plc, together with its subsidiaries, engages in the provision of Software-as-a-Service products and services to consumer brands and blue-chip enterprises, marketing agencies, and public sector organizations in the United Kingdom, North America, Europe, Australia, New Zealand, Asia, and internationally. The UK£55m market-cap company announced a latest loss of UK£6.6m on 30 November 2024 for its most recent financial year result. The most pressing concern for investors is Pulsar Group's path to profitability – when will it breakeven? We've put together a brief outline of industry analyst expectations for the company, its year of breakeven and its implied growth rate. AI is about to change healthcare. These 20 stocks are working on everything from early diagnostics to drug discovery. The best part - they are all under $10bn in marketcap - there is still time to get in early. Pulsar Group is bordering on breakeven, according to some British Software analysts. They expect the company to post a final loss in 2025, before turning a profit of UK£800k in 2026. So, the company is predicted to breakeven just over a year from now. In order to meet this breakeven date, we calculated the rate at which the company must grow year-on-year. It turns out an average annual growth rate of 102% is expected, which is extremely buoyant. Should the business grow at a slower rate, it will become profitable at a later date than expected. Given this is a high-level overview, we won't go into details of Pulsar Group's upcoming projects, however, take into account that by and large a high growth rate is not out of the ordinary, particularly when a company is in a period of investment. View our latest analysis for Pulsar Group One thing we'd like to point out is that The company has managed its capital prudently, with debt making up 14% of equity. This means that it has predominantly funded its operations from equity capital, and its low debt obligation reduces the risk around investing in the loss-making company. There are too many aspects of Pulsar Group to cover in one brief article, but the key fundamentals for the company can all be found in one place – Pulsar Group's company page on Simply Wall St. We've also compiled a list of important aspects you should further research: Valuation: What is Pulsar Group worth today? Has the future growth potential already been factored into the price? The intrinsic value infographic in our free research report helps visualize whether Pulsar Group is currently mispriced by the market. Management Team: An experienced management team on the helm increases our confidence in the business – take a look at who sits on Pulsar Group's board and the CEO's background. Other High-Performing Stocks: Are there other stocks that provide better prospects with proven track records? Explore our free list of these great stocks here. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
