Friday, March 27, 2026

The UK's Salt Crisis: How Net Zero Policies Are Pushing a Foundational Industry to the Brink



For centuries, Britain has been self-sufficient in salt – one of the most essential minerals on the planet. From Roman times through the Industrial Revolution, the vast underground halite deposits in Cheshire have supplied not just table salt but the raw material for pharmaceuticals, plastics, water treatment, food processing, explosives, and road gritting. The UK once exported salt across the Empire and produced nearly all its own needs domestically. Now, for the first time in modern history, that era is at risk of ending.

In January 2026, Inovyn (part of Jim Ratcliffe’s INEOS group), which produces around 50% of Britain’s salt at its Runcorn plant in Cheshire, warned Sky News that it may have to shut down the facility without urgent government intervention. The other major producer, Tata Chemicals Europe’s British Salt operation, would then be left carrying the load – but the country would still become a net importer of salt. Nearly 3 million tonnes are produced annually in the UK, mostly via solution mining (pumping brine from underground ancient seabeds and evaporating it). Losing half that capacity would be a seismic shift.

Why is this happening now – and why is net zero the culprit?

The root causes are sky-high industrial energy costs and the UK’s carbon taxes, both heavily shaped by net zero policies. Salt production is energy-intensive: pumping, evaporating, and processing brine requires substantial electricity and heat. The UK’s push for decarbonisation – including the Emissions Trading Scheme (ETS), carbon floor prices, and a grid increasingly reliant on intermittent renewables – has driven up electricity prices for heavy industry far beyond those in competitor nations like the US or China.

Carbon taxes hit particularly hard. INEOS has publicly described them as “killing manufacturing,” with one plant alone facing a £15 million bill in a single year. Executives argue that these policies, designed to cut domestic emissions, are accelerating deindustrialisation instead. As one industry leader put it, the more plants close, the lower Britain’s reported carbon emissions become – edging the country closer to its 2050 net zero target on paper, while the actual production (and emissions) simply shifts overseas.

This isn’t isolated. The chemicals sector, of which salt is a cornerstone, has seen output fall 20% in the past three years – a decline unprecedented outside wartime. Eleven major chemicals plants have closed in the last decade. Recent examples include CF Fertilisers’ ammonia plant in Billingham (2023), Tata’s 150-year-old soda ash plant in Lostock (2025), and Inovyn’s own sulphuric acid facility. The infrastructure itself is ageing, much of it dating back to the ICI era of the mid-20th century.

Salt: The invisible foundation of modern life

Few people realise how central salt is. It underpins roughly 90% of pharmaceutical manufacturing. It is used to purify drinking water, produce plastics, make explosives, and process food. Road gritting in winter relies on it. Chlorine and other chemicals derived from salt are the building blocks for countless supply chains. Tom Crotty, INEOS group director of chemicals, warned: “Without a plant like this, we’d have to import… salt is a very corrosive material and that makes imports very, very difficult. And it’s a relatively low-value product. So the cost of the movement dramatically impacts the final price.” The result? Higher costs for UK food, medicines, and manufacturing – making British products less competitive.

Sharon Todd of the Society of Chemical Industry (SCI) called the situation “slightly crazy”: global chemicals demand is booming (a $6 trillion market), yet the UK is retreating. Steve Elliott, CEO of the Chemicals Industries Association, urged the government to move beyond rhetoric: “Enough of the rhetoric and more urgency please on meaningful energy and carbon policy and funding… Otherwise, we’ll see further deindustrialisation through decarbonisation in 2026, with serious implications for our critical national infrastructure, growth sector supply chains and net zero delivery.”

The bigger picture: Deindustrialisation by design?

Critics, including INEOS founder Sir Jim Ratcliffe, argue that net zero policies are creating a paradox. By making energy-intensive industries unviable through taxes and high prices, the UK is offshoring both jobs and emissions to countries with looser environmental rules (and often coal-heavy power). National security is also at stake: domestic production of foundational chemicals supports everything from fertilisers to defence manufacturing.

The government has offered some targeted support – a grant to keep INEOS’s Grangemouth ethylene cracker open in late 2025 – but industry figures call this a “sticking plaster.” Broader reform of energy and carbon policy is needed if the UK wants to decarbonise while retaining industrial capacity, jobs, and supply-chain resilience.

What happens next?

If Inovyn’s Runcorn plant closes, Britain will rely on imports for a mineral that is cheap to produce domestically but expensive and logistically awkward to ship. Communities in Cheshire and the wider chemicals heartlands will lose skilled jobs. Manufacturing costs will rise. And the UK’s claim to be building a “green” economy will ring hollow if it simply exports its industrial base.

Salt may seem humdrum, but losing control of its domestic production would be a stark symbol of a deeper problem: when net zero policy prioritises emissions targets over energy security and industrial survival, the consequences ripple through the entire economy. Whether policymakers choose to intervene – with pragmatic reforms on energy costs and carbon taxes – will determine if Britain’s salt industry survives or becomes another casualty of the net zero transition.


Monday, March 16, 2026

Companies House Security Catastrophe


 

Companies House Security Catastrophe: Five Months of Open Season on Every UK Company's Data – Proof the State Can't Be Trusted with a Spreadsheet, Let Alone Our Privacy
Posted by Ken Frost – The Loanbuster – 16 March 2026

Blimey, if this doesn't make your blood boil, nothing will!

Companies House – the government's own corporate register, the supposed guardian of company integrity – has just admitted what any half-decent hacker already knew: for five bloody months, every single one of the five million+ registered UK companies was wide open to a laughably simple exploit. Anyone in the world – from a bedroom script-kiddie in Belarus to a fraud gang in Nigeria – could log in, view private dashboards, see directors' home addresses, email addresses, dates of birth, and – get this – actually change company details, file fake accounts, or hijack the lot.

The bug? Press the back button on the dashboard. That's it. No fancy zero-day, no SQL injection masterclass – just the browser's back button breaking their entire authentication system. Discovered and exposed on Friday by sharp-eyed researchers (shout-out to Dan Neidle and co for blowing the whistle), Companies House finally suspended WebFiling and issued the grovelling statement: "We identified the issue... we're investigating... sorry for any inconvenience."

Inconvenience? This is a full-blown national security and fraud tsunami!

For five months – that's 150 days of vulnerability – crooks could've:

  • Swapped director details to enable identity theft on an industrial scale
  • Filed bogus accounts to launder money or hide dodgy dealings
  • Changed company names/addresses to front shell companies for scams
  • Exposed home addresses and personal emails of millions of directors, leaving families open to stalking, burglary, or doxxing

And the government's response? "Quickly resolved." Yeah, after it was public. How many frauds were committed in those five months? How many fake filings went through? They'll never tell us the full truth – because admitting the scale would be career-ending for the mandarins in charge.

This isn't a one-off glitch; it's systemic incompetence from a state organ that's meant to protect us. Companies House holds our most sensitive business data – the backbone of UK commerce – yet they couldn't secure it against something toddlers discover in browser dev tools. While banks get fined millions for far lesser breaches, this lot gets a polite slap on the wrist and a "lessons learned" memo.

The bigger picture? Governments and their quangos cannot be trusted with our data. Full stop.

  • They collect it compulsorily (you have no choice but to file with them).
  • They promise ironclad security (laughable).
  • When they cock it up spectacularly, the fallout lands on us – higher fraud risk, identity theft nightmares, potential business ruin – while they hide behind "ongoing investigations" and taxpayer-funded lawyers.

Remember the DVLA leaks? HMRC blunders? NHS data disasters? Same story every time: over-centralised, under-secured, and zero real accountability. The state hoards our info like a dragon on gold, then leaves the cave door wide open.

Directors: check your company details NOW. Monitor for weird filings. Consider a service address instead of home ones going forward. And for God's sake, stop believing the mantra that "government knows best" on data protection.

This fiasco proves the opposite: the state is the biggest risk to our privacy and security. Time to shrink their data empire, enforce real penalties for their screw-ups, and let private alternatives handle what the bureaucrats clearly can't.

Resignations at the top? Fat chance. But trust in the system? That's already evaporated.

Stay vigilant, folks. Your data's only as safe as the weakest link – and right now, that's Whitehall.

Amazon Suggested Reads – Guard Your Data from State Blunders

Ken Frost
Professional Cynic, Chartered Accountant and relentless Loanbuster
www.kenfrost.net – exposing state incompetence since 2005


Thursday, March 12, 2026

Lloyds, Halifax and Bank of Scotland Banking "Glitch" Horror Show


 

Lloyds Banking "Glitch" Horror Show: Customers Peering into Strangers' Accounts – Another Nail in the Coffin for Britain's Digital Banking Farce 

Posted by Ken Frost – The Loanbuster – 12 March 2026

Blimey, what fresh hell is this? Another day, another "technical glitch" turning UK banking into a comedy of errors – except nobody's laughing when it's your hard-earned cash on display for random strangers!

This morning (Thursday 12 March 2026), punters with Lloyds Bank, Halifax, and Bank of Scotland apps woke up to a nightmare: logging in only to find themselves staring at other people's transactions, payments, charges, and God knows what else. Screenshots flooded social media – one bloke seeing his neighbour's grocery shop, another spotting a stranger's mortgage payment. Balances might've stayed correct for some, but the details? Swapped like a bad game of pass-the-parcel. Account numbers, sort codes, personal spending history – all laid bare for a short, terrifying window between 7am and 9am-ish.

Lloyds Banking Group (the overlords owning the trio) rushed out the usual corporate waffle: "We're sorry... issue quickly identified and resolved... investigating the cause." Yeah, love, we've heard that script before. Apology accepted? Not bloody likely when this is yet another chapter in the endless saga of UK banks' digital incompetence.

Remember the stats? Britain's top banks racked up over 800 hours of unplanned outages between 2023 and early 2025 alone – that's 33 days of pure chaos blocking millions from their own money. Lloyds, NatWest, Barclays – they're all serial offenders. And now this: not just downtime, but a proper data-privacy car crash where the system decided to play mix-and-match with customer records.

This isn't a mere "glitch", folks – it's a glaring red flag that the rush to apps and online-only banking has left security and reliability in the dust. While fat-cat execs pat themselves on the back for "digital transformation", ordinary savers and borrowers are left exposed, frustrated, and wondering if their data's safe with these clowns.

The real gut-punch? Martin Lewis himself weighed in, urging calm but highlighting the "concerning" breach vibes. Customers described it as a "huge data breach" – and rightly so. Log out, log in six times? Still seeing someone else's life flash before your eyes? That's not a bug; that's a systemic failure begging for FCA fines and class-action headaches.

Why does this keep happening? Because banks have slashed branches, pushed everyone online, under-invested in robust IT, and treated cybersecurity like an optional extra. Result: punters can't access cash when needed, or worse, see everyone else's business. In a cost-of-living crisis, when every penny counts, this level of unreliability is unforgivable.

Lloyds promises an investigation – big whoop. What we need is accountability: sack the IT bosses who let this happen, compensate affected customers properly (not just a grovelling tweet), and stop pretending apps are infallible while closing branches left, right, and centre.

Until then, folks: keep paper statements as backup, spread your cash across multiple banks, and never trust these digital overlords not to cock it up again. Because they will.

Resignations? Fat chance. But the trust? That's already bankrupt.

Amazon Suggested Reads – Protect Your Money from Bank Blunders

Ken Frost
Professional Cynic, Chartered Accountant and eternal Loanbuster
www.kenfrost.net – calling out banking bollocks since 2005


Monday, March 09, 2026

Fleet Mortgages Pulls The Plug on Fixed Rate Mortgages


Source 

Bank of England's Bloated Headcount Trimmed Slightly


 

UK'S BOE SAYS 446 STAFF TO LEAVE IN COMING MONTHS 

BOE DEPARTURES EQUATE TO ALMOST 8% OF HEADCOUNT 

The Bank of England is ludicrously overstaffed, and patently useless given its inability to hit its 2% inflation target!