Jonathan Ford @grepsul.bsky.social · 13/09/2026Out 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... 010
Jonathan Ford @grepsul.bsky.social · 13/06/2026My 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.comThe 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 010
Jonathan Ford @grepsul.bsky.social · 12/06/2026An 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.comThe 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 001
Jonathan Ford @grepsul.bsky.social · 27/10/2025Odd 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.ukAccess Restricted 111
Jonathan Ford @grepsul.bsky.social · 29/09/2025Out 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/332216pod.foA 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... 042
Jonathan Ford @grepsul.bsky.social · 11/09/2025It'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.comJonathan Ford, Neil Collins and Ian Fraser on a long time in financeThe hugely popular podcast A long time in finance is coming under the umbrella of the Library of Mistakes. 020
Jonathan Ford @grepsul.bsky.social · 05/07/2025I'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.comThe perils and promise of our new nuclear ageAs net zero goals revive the push for atomic power, could it light the way or lead to disaster? Three timely books explore the possibilities 031
Jonathan Ford @grepsul.bsky.social · 04/07/2025My 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... 1148
Jonathan Ford @grepsul.bsky.social · 30/04/2025Coming up on A Long Time in Finance, we look at the history of Scunthorpe and British Steel.. 001
Jonathan Ford @grepsul.bsky.social · 18/04/2025Generals 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 000
Jonathan Ford @grepsul.bsky.social · 10/04/2025Should 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.comChina has embarrassed Labour over British SteelImagine 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... 011
Jonathan Ford @grepsul.bsky.social · 07/04/2025My 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.comPut Not Your Trust in Big Minerals DealsNot Trump's Ukraine effort, but the grandaddy of all carve-ups: post-Ottoman Iraq 020
Reposted by Jonathan FordJonathan Ford @grepsul.bsky.social · 03/01/2025I 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.comWelcome to Business AdventuresNotes on business and financial history 041
Reposted by Jonathan FordJames 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.comIraq, Minerals and the Art of the DealPodcast Episode · A Long Time In Finance · 03/14/2025 · 31m 021
Reposted by Jonathan FordJames Barr @jamesbarr.bsky.social · 14/03/2025Podcast! With Jonathan Ford and Neil Collins, on a topic with some contemporary resonances.podcasts.apple.comIraq, Minerals and the Art of the DealPodcast Episode · A Long Time In Finance · 14/03/2025 · 31m 031
Jonathan Ford @grepsul.bsky.social · 13/03/2025Those who live by "beggar thy neighbour" tax schemes also die by them 011
Jonathan Ford @grepsul.bsky.social · 13/03/2025Coming 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"? 010
Jonathan Ford @grepsul.bsky.social · 07/03/2025Latest 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... 000
Jonathan Ford @grepsul.bsky.social · 04/03/2025Latest 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.comWhat's left of British shipbuilding?As the case of Harland & Wolff shows, industrial capacity, once atrophied, is hard to build back 011
Jonathan Ford @grepsul.bsky.social · 04/03/2025My 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/Hn7PfyuRtHopen.substack.comWhat's left of British shipbuilding?As the case of Harland & Wolff shows, industrial capacity, once atrophied, is hard to build back 001
Jonathan Ford @grepsul.bsky.social · 04/03/2025I 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.ukEd Miliband: Undimmed Green zealotry | Jonathan Ford | The Critic MagazineThe green zealotry of the energy secretary remains undimmed and som Labour insiders are concerned… 032
Jonathan Ford @grepsul.bsky.social · 25/02/2025How 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. 111
Reposted by Jonathan FordPhilip Stephens @philipstephens.bsky.social · 16/02/2025I 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.. 1316
Jonathan Ford @grepsul.bsky.social · 16/02/2025There is something almost Oscar Wilde like about Janan Ganesh's willingness to invite ridicule from the unwashed 010
Jonathan Ford @grepsul.bsky.social · 16/02/2025Finally someone explodes the tosh about 2.5% of GDP or whatever arbitrary level of defence spending being "unaffordable". 011
Jonathan Ford @grepsul.bsky.social · 16/02/2025I 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.. 020
Jonathan Ford @grepsul.bsky.social · 31/01/2025Out 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 010
Jonathan Ford @grepsul.bsky.social · 27/01/2025Should 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/5x79tndcyahoo.comBig Tech wants to plug data centers right into power plants. Utilities say it's not fairLooking 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... 100
Jonathan Ford @grepsul.bsky.social · 23/01/2025I 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... 010
Jonathan Ford @grepsul.bsky.social · 20/01/2025This 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 110
Jonathan Ford @grepsul.bsky.social · 17/01/2025I 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.. 031
Jonathan Ford @grepsul.bsky.social · 17/01/2025In 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.comThe Dounreay ExperimentLessons in the pros and cons of atomic innovation in Scotland's far north 1143
Jonathan Ford @grepsul.bsky.social · 17/01/2025Basically, 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.comHas the Royal Navy become too timid?A new paper examines how its culture has changed 000
Jonathan Ford @grepsul.bsky.social · 16/01/2025The 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.comRachel Reeves, the pound shop George Osborne 021
Jonathan Ford @grepsul.bsky.social · 15/01/2025These should, of course, be consumption not production emissions. 000
Jonathan Ford @grepsul.bsky.social · 10/01/2025Out 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 111
Jonathan Ford @grepsul.bsky.social · 09/01/2025Really 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.comBritain’s car market is a complete disasterIn which the nation's most average driver tries to buy a new car and realises we’re all poor now. 011
Jonathan Ford @grepsul.bsky.social · 09/01/2025For a party that aspires to independence, the SNP is congenitally reluctant to take responsibility for its own actions.. 013
Jonathan Ford @grepsul.bsky.social · 07/01/2025Test 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? 220
Jonathan Ford @grepsul.bsky.social · 03/01/2025I 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.comWelcome to Business AdventuresNotes on business and financial history 041
Jonathan Ford @grepsul.bsky.social · 19/12/2024The 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.ukHow H&W hit the iceberg | Jonathan Ford | The Critic MagazineBy 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. 020
Jonathan Ford @grepsul.bsky.social · 19/12/2024Ofwat 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.ukHow Britain’s water supply spiralled into chaos – and why hiking prices could be the only solutionPrivatisation in the 1980s made sense, but the mess that followed has left us, the consumers, facing distasteful choices 331
Reposted by Jonathan FordCommon Sense @cmmnsensedspnsr.bsky.social · 18/12/2024Some folks are pretty good seeing things coming. 1108344139770
Jonathan Ford @grepsul.bsky.social · 18/12/2024Coal 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.” 110
Jonathan Ford @grepsul.bsky.social · 15/12/2024Not such good news for Riverstone/Breakwall, the US debt funds who are in for £140m or more.. 101
Jonathan Ford @grepsul.bsky.social · 10/12/2024With 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.ukHow Britain’s water supply spiralled into chaos – and why hiking prices could be the only solutionPrivatisation in the 1980s made sense, but the mess that followed has left us, the consumers, facing distasteful choices 000