{"id":83471,"date":"2025-06-26T10:20:44","date_gmt":"2025-06-26T09:20:44","guid":{"rendered":"https:\/\/www.taxresearch.org.uk\/Blog\/?p=83471"},"modified":"2025-06-26T10:20:44","modified_gmt":"2025-06-26T09:20:44","slug":"miracles-happen","status":"publish","type":"post","link":"https:\/\/www.taxresearch.org.uk\/Blog\/2025\/06\/26\/miracles-happen\/","title":{"rendered":"Miracles happen"},"content":{"rendered":"

As Nils Pratley (not my favourite financial commentator) says in The Guardian this morning<\/a>:<\/p>\n

I<\/span>t\u2019s a miracle. Babcock International, the defence contractor with a specialism in kitting out the UK\u2019s nuclear submarines, has emerged from the depths. After about half a decade in which the story was mostly about cost overruns, acquisition indigestion,\u00a0accounting woes<\/a>, pension deficits and too much debt, Babcock is suddenly back in the FTSE 100 index and is a hot stock. The share price has more than doubled this year.<\/p><\/blockquote>\n

Look at the share price:<\/p>\n

\"\"<\/p>\n

Putin could not boost Babcock.<\/p>\n

The Tories failed it.<\/p>\n

But bring on Starmer and look what happens. Nothing short of a miracle.<\/p>\n

What was it that President Dwight Eisenhower said in his retirement speech in 1961<\/a>? This, I think:<\/p>\n

In the councils of government, we must guard against the acquisition of unwarranted influence, whether sought or unsought, by the military-industrial complex.<\/p><\/blockquote>\n

Starmer has entirely forgotten that decidedly sound advice from a Republican President who commanded Allied forces in Europe in 1944 and 1945.<\/p>\n

Why did he do that, I wonder?<\/p>\n","protected":false},"excerpt":{"rendered":"

As Nils Pratley (not my favourite financial commentator) says in The Guardian this morning: It\u2019s a miracle. Babcock International, the defence contractor with a specialism
 Read the full article…<\/em><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[215,35,16,118,106],"tags":[],"class_list":["post-83471","post","type-post","status-publish","format-standard","hentry","category-age-of-aggression","category-economics","category-ethics","category-labour","category-politics"],"_links":{"self":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts\/83471","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/comments?post=83471"}],"version-history":[{"count":1,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts\/83471\/revisions"}],"predecessor-version":[{"id":83473,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts\/83471\/revisions\/83473"}],"wp:attachment":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/media?parent=83471"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/categories?post=83471"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/tags?post=83471"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}