The Uber judgement is nonsense

Follow this link if this email is not displaying correctly MARKET REPORT Monday 31 October 2016 Dear Gutenberg, Today, we've had will-he-won't-he stories going back and forth about Mark Carney's future. Teresa May backed him this morning to servce out his full term and yet rumours of an iminent resignation continued to circle and we had no announcement as he left Downing Street this afternoon. We at Master Investor (and many others in the broader investment community) hope for a significant shift in monetary policy, so we will be keeping a close eye on the matter as it proceeds. The latest rumblings say to check the news at 6pm. The Uber judgment is nonsense by Evil Knievil | Evil Diaries | 3 mins. to read I was surprised by the Uber judgement. After all, the taxi drivers put up their own capital and work their own hours. So I asked a longstanding tax expert whom I know. His reply is instructive: "The UBER judgment is nonsense unless, which is not improbable, our trendy and light-on-law modern day judiciary decide to change the notion of a contract of service for political reasons. Employment used to imply a post with a regular place of work, regular hours etc. Of course, I have not read the UBER contract and it may be that it is clumsy. I would have thought the best way they could have approached the matter is to licence drivers to use their software and to pay fees based on revenue. This would not amount to a contract of service.   Click here to read the full story LATEST STORIES FROM OUR BLOG Earthport: Above 200 day line targets 25p by Zak Mir | Trading | 1 mins. to read Rather strangely perhaps for a technical analyst I do not usually look at the volume data on stocks and markets. But today highly traded Earthport (LON:EPO) is a decent exception.   Click here to read the full story Greatland Gold: Above 200 day line targets 0.4p by Zak Mir | Trading | 1 mins. to read It may be the case that with retail traders long up to the eyeballs of Gold and Silver, we are due a new leg to the downside. But at least the minnow stocks in the area such as Greatland Gold (LON:GGP) appear to be progressing well.   Click here to read the full story Brexit makes Diageo a takeover target by Robert Stephens, CFA | Equities | 4 mins. to read Perhaps the biggest effect of Brexit thus far has been its impact on the pound. It has weakened by 18% versus the dollar since the EU referendum as confidence in the UK economy has deteriorated.   Click here to read the full story Will Tesco survive Brexit? by Robert Stephens, CFA | Equities | 4 mins. to read Tesco (LON:TSCO) used to be a rather dull stock. It was seen as a defensive play with a generous yield and had the potential to expand abroad in Asia and the US. Today, its business is anything but dull.   Click here to read the full story Cloudtag: Hammer rebound at 50 day line by Zak Mir | Trading | 1 mins. to read Wearables group Cloudtag (LON:CTAG) has been one of the big stock market winners of the year to date. It has been helped along by being in the midst of the Zeitgeist of tech gadgets, as well as health and fitness concerns. Being a fan of a stock which has climbed far and fast over the near term can be a dangerous stance, especially if the cynics start to gain the upper hand. But so far Cloudtag appears to remain on the front foot.   Click here to read the full story QUOTE OF THE DAY "I don't make jokes. I just watch the government and report the facts."                                                  Will Rogers TIPTV MASTER INVESTOR SHOW LASTEST EDITION OUT NOW INFLATION Nuclear Power: Does it have a future after Fukushima? Philip Fisher: Invest like the Father of Growth Investing Profit Warnings: Three small cap stocks set to bounce back US Election: How to position yourself in the currency markets Click here to download as PDF   Click here to read in ISSUU format Master Investor Ltd. Suite 88, 22 Notting Hill Gate London, W11 3JE T: +44 7515 542707 E: swen@masterinvestor.co.uk Share the newsletter: Follow us: Copyright © 2016 Master Investor Ltd, All rights reserved. Master Investor is a trading name of Master Investor Ltd. Material contained within Master Investor Magazine and its website is for general information purposes only and is not intended to be relied upon by individual readers in making (or refraining from making) any specific investment decisions. Master Investor Ltd. does not accept any liability for any losses suffered by any user as a result or any such descision. If a Daily Bulletin is too frequent, why not opt in to our once weekly mailing list for a round up of the week's news. Want to change how you receive these emails? Why did I get this | Unsubscribe from this list | Update subscription preferences