‘My business rates are going up over 100%.’ @ChefTomKerridge shocks @TomSwarbrick1 with how his businesses are being hit by Labour’s taxes on pubs.

Been thinking about a wealth tax and the more I think about it, the dafter it gets. We do tax wealth in the UK already, surprising as that might seem to some. Quick thread (and comments welcome once you've read it):

I can't overstate how much this tactic has helped me in recent years. In the past, during a sharp correction, my nerves would be shredded. But today I'm on my way to speak at a conference, calm and focused, because whatever happens now, I've got a chunk of profit banked. If the market recovers to a new high, people will say I shouldn't have taken some profit, but life is about more than just the end position. I don't want to be stressed and miserable for weeks or months at a time as a market has a serious correction (as they all inevitably do). I'll talk more about Bitcoin in the coming days. There are some great reasons to think it will recover strongly... and some great reasons to think it will fall further. There's no certainty in this game, so you have to protect yourself emotionally as well as financially.