Pressure continuing to build on gilt, but as with Thursday the morning was worse than the afternoon. I wonder if that shows some confidence coming from North American markets? Seems like buyers step in early afternoon and swing the yield back down.
In any case, the 10-year is hovering just below 4.9%. Politically, I suspect that 5% is going to be the red line, if it breaks through 5% Labour will have to either increase taxes or cut spending, and with the concern over growth, it is almost certainly going to be the latter.
The local pool at West Wickham has been closed for months because of a concrete/structural issue, but not RAAC-related. Every time we drive past, Little SBYM says, âDaddyâŚwhen will the pool open again?â
âmedia needs to be fixedâ says the self-professed champion of free speechâŚwho was in Cabinet for years while a scandal she now says is a burning issue was being managed.
Only saw this because of her nonsensical comments on bond yields. A non-trivial amount of the debt load the UK is carrying right now is because of the spike in yields she caused almost singlehandedly.
Looked it up. 1967 building. Quick guess is the overbuilding and the structural elements will have been designed with low cover to reinforcement. Low cover, 1960âs concrete, construction quality and a damp environment I bet the rebar is rotting and blowing out the concrete surface in places
Not very spectacular. Cant beat a bit of ASR (I closed a bridge on the M5 with that once) or chlorides. Acid attack is also a good one. Gave Welsh Water some bad news on that front.
A local repair as you say will probably be an hour at most. It will likely be Cold Lay as well (out of a bag) and would involve 3 men and a drop side. So say 10-20 if 2/3 are in the same patch.
@redalways if it was a large section, you would need a Sector 50 road act permit to close the road, that can take upto 10 weeks. This will involve traffic management and a knock on effect to the local area. You will probably also need to consult the local utility companies - cost.
At minimum you would have a planer, a paver, a couple of bobcats in terms of machinery and 2-3 gangs.
This comes with logistics costs, hire costs, waste disposal costs, material costs, etc.
Then your white liners, which is another gang of lads, another wagon and more costs.
Itâs a shame because there it is such a nice drive on brand new roads. You glide rather than survive .
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