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Jonathan Ford

@grepsul.bsky.social
168 followers 32 following 97 posts

Former newspaper person. Likes trouble, cycling and regional crime drama. Doing A Long Time in Finance podcast with Neil Collins, and also a substack on stirring business stories, grepsul.substack.com

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Jonathan Ford @grepsul.bsky.social · 13/09/2026
Out on Radio 4 today at 1.30pm, I try to unpick what’s driving our electricity bills up and up, making energy using industry so uneconomic. Is it volatile gas prices? Or the less easy-to-see fixed costs we are piling on the system? Give it a listen bbc.co.uk/programmes/m...
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Jonathan Ford @grepsul.bsky.social · 13/06/2026
My latest post on Business Adventures is about the collapse of Rolls-Royce in 1971; a tale of engineering genius and financial ineptitude open.substack.com/pub/jonathan...
open.substack.com
The Turning Point: The Necessary Collapse of Rolls-Royce (Part 1)
How an industrial disaster was the making of the world's largest aero-engine group
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Jonathan Ford @grepsul.bsky.social · 12/06/2026
An amazing story of engineering genius and financial incompetence. The story of Rolls-Royce's collapse in the winter of 1971, and how it was an indispensable moment in the company's subsequent rise. open.substack.com/pub/jonathan...
open.substack.com
The Turning Point: The Necessary Collapse of Rolls-Royce (Part 1)
How an industrial disaster was the making of the world's largest aero-engine group
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Jonathan Ford @grepsul.bsky.social · 27/10/2025
Odd to write about Britain's costliest mansion without it becoming a piece of property porn. But possible in the case of 2-8A Rutland Gate. Although sold only in 2020 for £210m, it's now an derelict barrack in Knightsbridge, occupied only by a homeless man. www.telegraph.co.uk/news/2025/10...
telegraph.co.uk
Access Restricted
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Jonathan Ford @grepsul.bsky.social · 29/09/2025
Out now on A Long Time in Finance: our first live gig - in partnership with The Library of Mistakes in Edinburgh! We discuss Fred Goodwin, RBS and "The Art of The Shred" with Ian Fraser, author of Shredded, the seminal account of the fall of RBS. pod.fo/e/332216
pod.fo
A Long Time In Finance: The Art of the Shred: ALTIF Live!
Fred Goodwin led Royal Bank of Scotland to ruin and Britain to the brink of financial disaster. But who was the man they called Fred the Shred and how did he build RBS into (briefly) the world's la...
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Jonathan Ford @grepsul.bsky.social · 11/09/2025
It's true! On 25 September we're doing @ALTIFpodcast's first live show with our new friends, The Library of Mistakes. In THE ART OF THE SHRED we'll be discussing Fred Goodwin and RBS's 2008 collapse with author Ian Fraser. Click below for details & tix.. Hope to see you there..
tinyurl.com
Jonathan Ford, Neil Collins and Ian Fraser on a long time in finance
The hugely popular podcast A long time in finance is coming under the umbrella of the Library of Mistakes.
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Jonathan Ford @grepsul.bsky.social · 24/07/2025
This is adorable!
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Jonathan Ford @grepsul.bsky.social · 05/07/2025
I've written a books essay in the FT about the nuclear age we are entering; one pregnant with old perils and new promise www.ft.com/content/7fec...
ft.com
The perils and promise of our new nuclear age
As net zero goals revive the push for atomic power, could it light the way or lead to disaster? Three timely books explore the possibilities
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Jonathan Ford @grepsul.bsky.social · 04/07/2025
My latest post is on Heathrow's big outage, the mysterious wave of British substation fires and what's behind them. Is it enemy action.. or something more mundane? open.substack.com/pub/jonathan...
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Jonathan Ford @grepsul.bsky.social · 30/04/2025
Coming up on A Long Time in Finance, we look at the history of Scunthorpe and British Steel..
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Jonathan Ford @grepsul.bsky.social · 18/04/2025
Generals calling for rearmament often talk about the UK facing a "1937 moment". But what actually happened in the late 1930s, are there similarities and what can we learn? We talk to historian Dan Todman about the economic & military parallels. pod.fo/e/2c9967
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Jonathan Ford @grepsul.bsky.social · 10/04/2025
Should the UK nationalise British Steel after Jingye opted for closure rather than take the taxpayer's £500m bung? To my mind, the question is more why the government didn't demand an equity stake in the first place. unherd.com/newsroom/chi...
unherd.com
China has embarrassed Labour over British Steel
Imagine the embarrassment: you announce a national steel strategy and jump through all the approved hoops of public consultation to show you are taking a reasonable ministerial decision. Then, just da...
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Jonathan Ford @grepsul.bsky.social · 07/04/2025
My latest on Business Adventures is about mineral deals, and why they're not always what they cracked up to be, even if your concession is sitting on oceans of oil as the British, French and Americans were with the carve up of post-Ottoman Iraq.. open.substack.com/pub/jonathan...
open.substack.com
Put Not Your Trust in Big Minerals Deals
Not Trump's Ukraine effort, but the grandaddy of all carve-ups: post-Ottoman Iraq
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Jonathan Ford @grepsul.bsky.social · 03/01/2025
I know, I know.. I have started a substack on financial and business history called Business Adventures. It's just getting going and this is my "manifesto". I'll be posting properly in a day or two. If you want to join up, you would be most welcome open.substack.com/pub/jonathan...
open.substack.com
Welcome to Business Adventures
Notes on business and financial history
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James Barr @jamesbarr.bsky.social · 14/03/2025
“So there was nothing Turkish about the Turkish Petroleum Company. I think that’s the first point to make.” @grepsul.bsky.social, Neil Collins and I talked an episode that has some contemporary resonance.
podcasts.apple.com
Iraq, Minerals and the Art of the Deal
Podcast Episode · A Long Time In Finance · 03/14/2025 · 31m
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James Barr @jamesbarr.bsky.social · 14/03/2025
Podcast! With Jonathan Ford and Neil Collins, on a topic with some contemporary resonances.
podcasts.apple.com
Iraq, Minerals and the Art of the Deal
Podcast Episode · A Long Time In Finance · 14/03/2025 · 31m
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Jonathan Ford @grepsul.bsky.social · 13/03/2025
Those who live by "beggar thy neighbour" tax schemes also die by them
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Jonathan Ford @grepsul.bsky.social · 13/03/2025
Coming up this week on @ALTIFpodcast: in the wake of Trump's proposal for a mineral deal in Ukraine, we look at the greatest minerals carve up of all time - in the Middle East - and ask: "how did that all work out"?
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Area Man @areamancm.bsky.social · 07/03/2025
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Jonathan Ford @grepsul.bsky.social · 07/03/2025
Latest post: What's left of British shipbuilding? After the failure & rescue of H&W, I look at re-shoring, shipbuilding & defence - and the difficulties of rebuilding lost industrial capacity. There's also a plea for more sane defence procurement! open.substack.com/pub/jonathan...
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Jonathan Ford @grepsul.bsky.social · 04/03/2025
Latest post on Business Adventures: What's left of British shipbuilding? After the failure and rescue of H&W, I look at re-shoring, UK shipbuilding, and defence; and consider the difficulty of building back industrial capacity once it's gone. open.substack.com/pub/jonathan...
open.substack.com
What's left of British shipbuilding?
As the case of Harland & Wolff shows, industrial capacity, once atrophied, is hard to build back
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Jonathan Ford @grepsul.bsky.social · 04/03/2025
My latest Business Adventures Substack looks at re-shoring, UK shipbuilding, and defence; and considers the difficulty of building back industrial capacity, once it's lost. open.substack.com/pub/jonathan... pic.x.com/Hn7PfyuRtH
open.substack.com
What's left of British shipbuilding?
As the case of Harland & Wolff shows, industrial capacity, once atrophied, is hard to build back
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Jonathan Ford @grepsul.bsky.social · 04/03/2025
I wrote a profile of Ed Miliband, about how his tussle with Rachel Reeves could define - and even derail - the Starmer government.. thecritic.co.uk/ed-miliband/
thecritic.co.uk
Ed Miliband: Undimmed Green zealotry | Jonathan Ford | The Critic Magazine
The green zealotry of the energy secretary remains undimmed and som Labour insiders are concerned…
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Jonathan Ford @grepsul.bsky.social · 25/02/2025
How tin-eared is Starmer? This is, after all, the PM who's been - along with his ministers - sounding the alarm about war risk and rearmament. To use as your baseline for this feeble increase a period when Britain disarmed, leaving its forces denuded, is just unserious, even contemptible.
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Philip Stephens @philipstephens.bsky.social · 16/02/2025
I struggle to believe as Russia menaces the peace of Europe and the western alliance disintegrates before our eyes that UK ministers can argue about whether a tiny, wholly inadequate, rise in defence sprending from 2.3 to 2.5 pct of GDP should happen this year, next year or the year after..surreal..
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Jonathan Ford @grepsul.bsky.social · 16/02/2025
There is something almost Oscar Wilde like about Janan Ganesh's willingness to invite ridicule from the unwashed
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Jonathan Ford @grepsul.bsky.social · 16/02/2025
Finally someone explodes the tosh about 2.5% of GDP or whatever arbitrary level of defence spending being "unaffordable".
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Jonathan Ford @grepsul.bsky.social · 16/02/2025
I am still shocked by Reza Shah's decision to re-name Persia in the 1930s. The "Persian bomb" has a much better ring about it..
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Jonathan Ford @grepsul.bsky.social · 31/01/2025
Out now on @altifpodcast: 1976: THE YEAR BRITAIN WENT BUST. We talk to @duncanweldon.bsky.social about when Denis Healey, G&T in hand, was called back from Heathrow's VIP lounge to the Treasury to announce Britain was applying for a $3.9bn loan. Listen to see what happened next! pod.fo/e/2a69cc
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Jonathan Ford @grepsul.bsky.social · 27/01/2025
Should big tech be able to buy vast amounts of electricity from power plants privately & thus avoid paying grid costs for their massive data centres? An important test case in Pennsylvania https:https://tinyurl.com/5x79tndc
yahoo.com
Big Tech wants to plug data centers right into power plants. Utilities say it's not fair
Looking for a quick fix for their fast-growing electricity diets, tech giants are increasingly looking to strike deals with power plant owners to plug in directly, avoiding a potentially longer and mo...
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Jonathan Ford @grepsul.bsky.social · 23/01/2025
I recently set up a Substack called Business Adventures. The first post is about how Britain built an experimental atomic plant at Scotland's northernmost tip, about nuclear innovation, and what can be learned from this extraordinary physics experiment jonathandrewford.substack.com/p/the-dounre...
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Jonathan Ford @grepsul.bsky.social · 20/01/2025
This short novel - by an anonymous British officer based on his service in Afghanistan - is a very moving read, capturing both the pity of war & the human dilemmas of those swept up in it. If you want to know what it felt like serving in Britain's Vietnam, here it is.. strongly recommended
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Jonathan Ford @grepsul.bsky.social · 17/01/2025
I have yet to alight on any particular decision of the government where Keir Starmer has shown conspicuously, or even averagely, good judgment. TBH I find this rather dismaying in an administration which has four and a half tricky years to run..
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Jonathan Ford @grepsul.bsky.social · 17/01/2025
In the first of my Business Adventures, I have written about how Britain came to build an experimental nuclear power plant at Scotland's northernmost tip, about nuclear innovation, and what can be learned from this extraordinary physics experiment. jonathandrewford.substack.com/p/the-dounre...
jonathandrewford.substack.com
The Dounreay Experiment
Lessons in the pros and cons of atomic innovation in Scotland's far north
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Jonathan Ford @grepsul.bsky.social · 17/01/2025
Basically, the message from this ⁦@TheEconomist article is that the RN now has too few ships to take risks with any of them. Not exactly a Nelsonian or Fisherite stance. www.economist.com/britain/2025...
economist.com
Has the Royal Navy become too timid?
A new paper examines how its culture has changed
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Jonathan Ford @grepsul.bsky.social · 16/01/2025
The great Yannis Varoufakis, in an early bid for this year's pot-calling-the-kettle-black award, accuses Rachel Reeves of being a useless finance minister. unherd.com/2025/01/rach...
unherd.com
Rachel Reeves, the pound shop George Osborne
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Jonathan Ford @grepsul.bsky.social · 15/01/2025
These should, of course, be consumption not production emissions.
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Jonathan Ford @grepsul.bsky.social · 10/01/2025
More good news!
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Jonathan Ford @grepsul.bsky.social · 10/01/2025
Out today on A Long Time in Finance: WHY GERMANS DON'T DO IT BETTER. We talk to the brilliant author and economic commentator @EuroBriefing about why he thinks Germany's economy went from wirtschaftswunder 2.0 to kaput
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Jonathan Ford @grepsul.bsky.social · 09/01/2025
Really interesting piece, which illustrates (in the case of the car market) how policies in Britain towards transport, infrastructure, net zero, etc, are generally framed in the mistaken belief that we are a much wealthier society than we actually are open.substack.com/pub/martinro...
open.substack.com
Britain’s car market is a complete disaster
In which the nation's most average driver tries to buy a new car and realises we’re all poor now.
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Jonathan Ford @grepsul.bsky.social · 09/01/2025
For a party that aspires to independence, the SNP is congenitally reluctant to take responsibility for its own actions..
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Jonathan Ford @grepsul.bsky.social · 07/01/2025
Test for the BlueSky hive mind: am I missing something but how can Elon Musk join the Trump administration while hanging onto his interests in Tesla, Space X, Starlink, Solar City, etc etc etc. Are there no rules about conflicts of interest in Washington?
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Jonathan Ford @grepsul.bsky.social · 03/01/2025
I know, I know.. I have started a substack on financial and business history called Business Adventures. It's just getting going and this is my "manifesto". I'll be posting properly in a day or two. If you want to join up, you would be most welcome open.substack.com/pub/jonathan...
open.substack.com
Welcome to Business Adventures
Notes on business and financial history
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Jonathan Ford @grepsul.bsky.social · 19/12/2024
The govt confirmed today that Navantia will buy Belfast shipbuilder Harland & Wolff, reportedly for just £70m (or roughly half what H&W borrowed from some US hedgies). It's another fine procurement mess from the MoD as my piece in The Critic explains thecritic.co.uk/how-hw-hit-t...
thecritic.co.uk
How H&W hit the iceberg | Jonathan Ford | The Critic Magazine
By the banks of the River Lagan, not far from the centre of Belfast, stands a modernist structure that looks from some angles like the hull of a massive ship.
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Jonathan Ford @grepsul.bsky.social · 19/12/2024
Ofwat today unveiled the biggest water price rises since privatisation, when bills rose to fix an underfunded system and meet new enviro standards. So why do we face another crash price-rise 3 decades later? In this @telegraphnews.bsky.social piece, I explain why. www.telegraph.co.uk/news/2024/12...
telegraph.co.uk
How Britain’s water supply spiralled into chaos – and why hiking prices could be the only solution
Privatisation in the 1980s made sense, but the mess that followed has left us, the consumers, facing distasteful choices
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Common Sense @cmmnsensedspnsr.bsky.social · 18/12/2024
Some folks are pretty good seeing things coming.
Passage from Carl Sagan’s A demon-haunted world book.
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Jonathan Ford @grepsul.bsky.social · 18/12/2024
Coal use hits a new peak of 8.8 billion tonnes in 2024, according to the @iea.org. “The power sector has been the main driver of coal demand growth, with electricity generation from coal set to reach an all-time high of 10,700 terawatt-hours (TWh) in 2024.”
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Jonathan Ford @grepsul.bsky.social · 15/12/2024
Not such good news for Riverstone/Breakwall, the US debt funds who are in for £140m or more..
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Jonathan Ford @grepsul.bsky.social · 10/12/2024
With water prices expected to rocket when the regulator sets prices next week, and the largest supplier Thames Water teetering on the edge of bankruptcy, it's worth asking how England's water industry got itself in such a mess. My piece from the Telegraph magazine www.telegraph.co.uk/news/2024/12...
telegraph.co.uk
How Britain’s water supply spiralled into chaos – and why hiking prices could be the only solution
Privatisation in the 1980s made sense, but the mess that followed has left us, the consumers, facing distasteful choices
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