Economics 101. The difference between Capex and Opex, why you don’t spend the former on the latter – and why Rishi Sunak is perpetuating a con…

07 Sunday Jan 2024

Posted by Paul Bigland in Economics, Hs2, Politics, Railways, Rishi Sunak

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Economics, finance, Hs2, infrastructure, news, Politics, Railways, Rishi Sunak

This is a rewrite on a much earlier blog which is now out of date due to a changing financial world, but where the basic economic rules still apply. Rules that our (hopefully soon to be Ex) Prime Minister – despite his time as Chancellor of the Exchequer – seems to be unaware of. More likely? He’s gaslighting you. Let me explain…

What are Capex and Opex – and why does the difference matter?

Capital expenditure is an expense incurred to create future benefit, such as buying new assets for a business – like buildings, machinery or equipment. Doing so generates profits for the future over several tax years. Hs2 is a very good example of the principle. It will generate jobs (which generate tax revenue), kick-start regeneration in some of our major cities and make the UK a more attractive place for businesses (which generate corporation tax). Capital investment on decent infrastructure is well understood as bringing economic benefits. This BBC article sums up the situation. As capital expenditure will generate tax revenue year after year it’s not just a one off. That income stream would enable the Treasury to spend money on many different things, from the NHS to social welfare, to more modern infrastructure and even tax cuts if it so chose.

Operating expenditure covers the day to day functioning of a business, like wages, utilities, maintenance and repairs. It also covers depreciation. It’s money needed every year. It’s not a one-off – and it doesn’t generate any extra income the way Capex does.

The UK has a poor record for capital expenditure on infrastructure. It’s why so much of the countries infrastructure is old and outdated (like the railways) and why our productivity is so low.

The OECD (Organisation Economically Developed Countries) recommends that baseline infrastructure investment is 5.5% of GDP annually for an economy with aspirations to growth. We’ve only spent this amount twice since WW2. This is especially relevant now as the UK desperately needs to invest in ‘green’ infrastructure to both tackle and be resilient to Climate Change. HS2 was one of the projects that ticked all these boxes. The importance of such investment has been thrown into the spotlight by the recent storms that have closed railways and flooded large parts of the country. We need modern infrastructure designed and built to cope with them.

Now to the present. Rishi Sunak has announced he’s ‘scrapping’ HS2 and diverting the capital expenditure to operating expenditure, like filling potholes and subsidising bus fares. It’s economic madness, but it’s also a con as the ‘diverted’ money doesn’t exist. There’s no pot of money sat in the Treasury labelled ‘for HS2’ that’s waiting to be diverted elsewhere. HS2 is funded from Government borrowing and the money for the sections of HS2 Sunak has cancelled isn’t on the Governments books as it wasn’t due to be borrowed for many years yet. It’s fantasy money, as real as the stuff you play Monopoly with. Sunak knows this, but he’s taking voters for fools as he also knows most people have no understanding of either economics or Government finances.

Sadly, much of the media is helping him perpetuate the con by lazily copying and pasting his claims and not once asking any awkward questions, informing people of economic basics (like Capex and Opex) or doing any analysis of his claims.

Don’t be fooled.

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6th January picture of the day…

06 Saturday Jan 2024

Posted by Paul Bigland in Calder Valley, Musings, Nepal, Photography, Picture of the day, Travel

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Calder Valley, Musings, Nepal, Photography, Picture of the day, Travel

Miracle of miracles – we’ve had a whole day without rain here in the Calder valley! Not only that, we’ve also had blue skies and this strange round shiny yellow thing hanging around in them. Admittedly, it’s also been bloody cold but – hey, I’ll take it over the alternative!

After a morning sorting out pictures and paperwork indoors the dry weather allowed me to spend several hours catching up on exterior chores such as clearing mounds of slippy, wet leaves from the front and back of the cottage which has allowed me to get a ladder out safely and clear the guttering at the back of the property, ready for the next deluge. It’s lovely being surrounded by trees but they don’t half create some work in the autumn/winter! Whilst I was attacking the guttering I had the chance to check on the bird boxes I’d put up at the back of the house a couple of years ago. We’ve had plenty of prospective tenants but no-one’s ever nested. In close inspection I found some feathered friends had been trying to enlarge the holes in order to take up occupancy, so a job for tomorrow is to enlarge the openings and give ’em the chance to claim squatters rights.

The stone flags at the front of the cottage are still too slippy for ladders but we’re meant to have another sunny day tomorrow and a balmy 3 degrees so conditions should be good by lunchtime, allowing me to give the front of the cottage the same treatment as well as try to establish where our front porch is leaking from. It’s a lovely decorative stone feature but it was a later Victorian add-on to the original building so prone to water ingress. Whatever, there’s plenty to keep me occupied tomorrow which will help me meet my boosted exercise targets. I’ve ticked every box so far this year including ‘dry January’, so I’m feeling chuffed with myself. Plus, a bit of sunshine’s always a mood-lifter.

One of this morning office jobs was to crack on with finishing off some slide scanning which has provided today’s picture and look on life in a very different world. Forget supermarkets and pre-packaged fruit and veg. Here’s a local shop in Durbar Square, Kathmandu, Nepal, seen in April 1998. Give me this rather than self-checkouts any day…

You can find many more pictures from Nepal and the rest of this 1997-99 Odyssey here.

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Trans-Pennine (TRU) changes in West Yorkshire. Mirfield.

04 Thursday Jan 2024

Posted by Paul Bigland in Photography, Rail Investment, Railways, TRU, West Yorkshire

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Mirfield, Photography, Rail Investement, railway, Railways, trains, Travel, TRU, West Yorkshire

Over the Christmas shutdown Trans-Pennine Route Upgrade (TRU) teams have been busy in the Mirfield station area where a number of different jobs have been carried. I visited just before Christmas, when the place looked like this;

Looking West across the original station and platforms 2 and 1 from the newer wooden platform 3 which is located on the Up Slow.

Looking East from the end of platform 3 with a Wigan – Leeds train passing on the Down Slow. The centre track is the Up fast, which was about to move…

Over the holiday period approximately 560 meters of the Up Fast was renewed and slewed to a new alignment. This allowed the rarely used platform 2 to be cut back, creating more room for future works. At the same time two new beams were lifted into place over Station Road. these will form part of the new station platform. Here’s how things looked today – the first day of the year where it hasn’t rained!

Platform 2 has been abolished with the edging stones removed and earth cut back. It’s also been hoarded off from platform 1 which remains in use for Eastbound services. To the right you can see one of the new concrete beams which have been lifted into place over Station Rd. They’re protected by the white fencing. Here’s a slightly wider view.

Meanwhile, looking East…

The new view from the end of platform 3 look East, with a long section of the Up Fast having been relayed in its new position closer to the Up slow. Here’s a couple of pictures that give greater clarity.

Back in May 2021 180112 approaches Mirfield From Wakefield on the Up Slow. Notice the position of the Up Fast. Here’s (almost) the same view today.

These are the first really substantial alterations at Mirfield, but there’s lots more to come as the four tracks are restored and the station’s completely rebuilt.

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3rd January picture of the day…

03 Wednesday Jan 2024

Posted by Paul Bigland in India, Photography, Picture of the day

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India, Photography, Picture of the day, Travel

‘Tis a very short blog from me today as today was pretty much a replay of yesterday – bar getting out to photograph any trains. The weather here in’t Pennines (and across much of the North) remains resolutely rainy and miserable so there’s little incentive to venture far. Instead I’ve been keeping to my resolutions, getting fitter and making the most of the days. Hopefully, tomorrow of Friday will present an opportunity to do something different. We’ll see. So, rather than regale you with a Groundhog day I’m going to leave you with another picture from the set of slides I’ve been scanning.

Sometimes, we forget just how hard life can be for people less fortunate then ourselves. Especially for women in countries without any form of social security (unless you count family). Here’s a shot I took in the market in Darjeeling, India in April 1998. Human porterage is common here and all sorts of loads of varying weights are carried on people’s backs via a strap across the forehead, sometimes for miles and up steep valley sides. Imagine your mother (or granny) doing this for a living…

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2nd January picture(s) of the day…

02 Tuesday Jan 2024

Posted by Paul Bigland in Halifax, India, Musings, Photography, Picture of the day, Railways, West Yorkshire

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Halifax, India, Musings, Photography, photos, Picture of the day, Railways, tibet, Travel, West Yorkshire

I was up with the larks this morning – even though I wasn’t going anywhere special. As part of my New Year refocus I’m trying to make as much of the day as possible – although waking up when it’s still dark and it’s chucking it down kinda tests your motivation!

Having spent an hour or so soaking up some coffee, scanning a few old slides and catching up on the world’s news I decided to take advantage of a gap in the rain to get out and try for my first rail pictures of the year. I’d seen that Grand Central’s hired-in ‘Voyager’ was working the 10:20 service from Bradford through Halifax. I hadn’t got a shot of one of these GC 221s before (remiss, I know) so I packed the camera in a waterproof bag and walked down to Salterhebble where there’s a good view of the lines to Brighouse and Sowerby Bridge diverging at Dryclough Junction.

I was pushing my luck. Whilst the rain held off dark clouds were heading my way. So much so that by the train arrived I’d lost two full stops of light. At that location the speed it’s travelling at is more of a crawl, which was just as well. Here’s the shot I managed.

221142 drops down towards the Salterhebble tunnels whilst working 1A63, the 1023 Bradford Interchange to London Kings Cross.

There was no point in pushing my luck to try and get another other shots as the rain returned with a persistent attitude. Taking the hint I gave in and walked into Halifax with half a mind to try other pictures but the rain was having none of it. Instead I walked home having at least achieved my 12.5k step count for the day – if nothing else! I must admit, I do enjoy mooching around the streets and cobbled alleys of Halifax. Not having grown up in a mill town but at the seaside (far more genteel – and with cleaner air) I find it fascinating looking around terraced streets of back-to-back houses, little cottages and grand houses surrounded by walled gardens. Then there’s the mills, some of which still remain. Admittedly, having an interest in both history and architecture helps…

Back home there was little choice left but to retreat to the office and sort out some paperwork – which will bear fruit in the next few days (hopefully) whilst watching the rain drip off the stone walls outside. It was in complete contrast to the slides I was scanning – pictures of Social housing in East London built in the 1970s and demolished in the 1990s – then a selection of images of India and Tibetan refugees.

So, here’s a bonus picture for tonight. Here’s shot from the Tibetan refugee self-help centre in Darjeeling, India. More than just a refugee centre, it’s a place where exiled Tibetans can keep traditional crafts alive. This old boy caught my eye and was happy for me to take his picture. Shot in April 1998, I don’t expect he ever got to see his homeland again.

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Welcome, 2024…

01 Monday Jan 2024

Posted by Paul Bigland in London, Memory Lane, Musings, Photography, Railways

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Down memory lane, London, Musings, Photography, Railways, West Yorkshire

2024 has started the way 2023 ended. Wetly! Although to be fair the downpours have mostly been confined to this evening. As I type this I can hear the rain bouncing off the cobbles at the back of the cottage. Thankfully, I paid attention to the forecast and got out for a long walk around the area and into Halifax earlier this afternoon. Everywhere was so quiet it was reminiscent of the Covid lockdowns. Most shops and businesses had taken the day off, only a handful of pubs and a few fast food outlets were open. Trains were running and from what I could see were very busy but I’ve no idea where people were going to.

Dawn had popped over to see her parents in Huddersfield so I had the cottage to myself this evening. Having completed all my self-set New Year targets and not fancying an evening stuck in front of the TV I decided to dig out my slide scanner and make some headway with clearing the final backlog of old slides I’ve never got around to scanning. The project’s got stalled of late but I had an email from a chap who seen some of my pictures from my old days in London, working as a Housing Officer in Tower Hamlets. He was fascinated to discover pictures I’d taken of the demolition and rebuilding of the old Lefevre estate in Bow, and asked if I had any more. I had, they were in another album stuck in the queue, so this evening I’ve scanned a few dozen. It’s rather ironic, as I discovered that the first batch were taken almost 30 years ago, in September 1994! You can find them in this gallery on my Zenfolio website, but here’s a couple of samples.

Demolishing the disused multi-storey car park at the back of the Lefevre Estate. Part of this had been built on the site of the old North London Railway station of Old Ford. You can find pictures of it in this page of the ‘Disused stations’ website. The page also contains photos of what the area looks like now.

Contractors have arrived to start demolishing ‘H block’ on the Lefevere estate, probably in September 1994. None of the blocks on the estate had names. Only letters.

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Farewell 2023…

31 Sunday Dec 2023

Posted by Paul Bigland in Musings, Travel, West Yorkshire

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Musings, Travel, West Yorkshire

To be honest, I’m not sad to see 2023 go. It’s hardly been the best of times so this blog’s going to resemble the proverbial Curate’s egg – good in parts!

Admittedly, 2023 started well for me as I spent the first couple of months of it indulging my lifelong passion for travel by wandering solo through haunts old and new in Singapore, Malaysia and Thailand. It was a joyous experience to get away and spend time in a part of the world I’ve loved for over 30 years, although at times it made me realise how much the UK is slipping behind other developed countries. Watching Singapore investing billions in continuing to improve it’s public transport infrastructure whilst hearing that the Conservatives were continuing to prune back HS2 construction in Britain was a classic example. The same story was playing out in Malaysia and Thailand. There was new construction everywhere I went – and long-term planning too – another thing absent in the UK.

Returning to the UK in March I got back into the swing of things and recording and reporting on the UK railway scene, which was mixed to say the least. Beset by industrial unrest, a lack of a rolling stock strategy and what must be the most anti-rail Government and PM we’ve seen for decades, it was a torrid time. However, I feel enormously privileged as a railway journalist to have the access I have to people, places and events – such as covering the continued construction and progress on building HS2. Well, the bits that Rishi Sunak hasn’t stymied for now – but more of that later…

Other bright spots in the year were several holidays. A group of us (‘the 5 from the 6’ – a reference to our local pub, the Big 6) had a break in Istanbul at the beginning of May. It’s a city and country I’d never visited before but I’d certainly return. The people were welcoming and entertaining whilst the city has a fascinating history and a real vibrancy – as you’d expect from somewhere that straddles both Europe and Asia. Back in the UK, Dawn and I (along with her parents) had holidays in North Norfolk and also Cambridgeshire – an old haunt of mine but virgin territory for the others so it was fun showing folks around towns they’d never explored before like Cambridge and Ely. They were wowed by the Cathedral whilst pretty St Ives became a favorite location. Remarkably, we had gorgeous weather for both our UK breaks. Sadly that wasn’t to be the case for the rest of the year. As regular readers of this blog will know, the weather’s one of my preoccupations due to being an outdoor photographer. It often governs what I can and can’t do.

Now to politics. See, I said this would be a curate’s egg sort of blog! What can I say, other than what an utter shit-show 2023 has been on the domestic front. The Tories seem to have become a death-cult, drifting further and further to the right whilst displaying their utter contempt for ordinary voters as they try and cling on to power. They’ve given up all pretense of governing the country for the benefit of the populace and made it clear they’re only there to enrich each other. Just when you think they couldn’t get any worse in their choices for PM, the next one comes along and says ‘hold my beer’…

After the lying, lazy incompetence of Johnson we had Truss, who was so dogmatically batshit even the financiers and bankers of the City of London rejected her, leading to the economic crash that saw her off within a few short weeks. Then along comes Sunak, the ‘also ran’ who got a second chance. A man with no political antenna and no connection or empathy with ordinary people. A man who promised ‘integrity’ in government then spectacularly failed to deliver it. Billed as a ‘details man’ by his supporters he displayed all the recall of someone with Alzheimers during his questioning at the Covid enquiry. His contempt and disdain for the democratic process and accountability was obvious. A millionaire autocrat who’s chosen the most ridiculous political hill to die on (Rwanda) because he hasn’t the acumen or common-sense to stop making impossible promises he can’t deliver, yet who scraps a project he could (HS2) that has had over a decade of cross-party consensus and support. And for what? The ridiculous ‘Network North’ which even a fag-packet would be insulted to have been used to draw it up on? Sunak is so tin-eared he can’t even see how a boastful tweet about scrapping HS2 sent from a private jet looks. It’s that level of disconnect.

Thankfully, 2024 will see a general election called. Personally, my money is on May although I suspect even Sunak (a man who shows no attempt to think things through) really knows when he’ll call it. His impulsiveness and ability to listen to bad advice means it could be called anytime. Only one thing’s clear – the Tories inability to move the electoral needle. Barring a miracle (or disaster, depending on your political viewpoint) Labour are favorites to win and Keir Starmer to be our next Prime Minister. OK, he’s not the most inspiring politician. He certainly doesn’t have the charisma or power of oratory that Tony Blair had, but I really don’t care. Right now all I want to see is a Government run by adults who actually care about the country, not this bunch of right-wing, swivel-eyed loons who’re more concerned with feathering the nests of themselves and their friends.

Right, enough of politics. There’s going to be plenty of time for spleen-venting in 2024, beginning next month when the next Brexit fiasco kicks in at our ports as the Government finally starts checking food imports, having delayed this five times before.

On a more personal level. January promises to be an interesting month. Having been bedevilled by a series of minor injuries this year which have meant my fitness levels have dropped but my weight hasn’t I’ve decided to begin the new year with a reset, giving up alcohol (yep, the infamous ‘dry January’) whilst boosting my exercise regime – whatever the weather throws my way. Please God, all I ask is – don’t let Sunak call an election in January!

On other fronts 2023 has seen me blog on 308 days. I’m amazed and humbled that these and older blogs have been read 78,400 plus times this year whilst over 265,000 people have popped in since I started blogging in 2015. Thank you all for your support – especially those who’ve contributed towards the costs of running this blog by clicking on ads or buying me a coffee via Ko-Fi. It’s greatly appreciated.

I’ll do my best to keep you entertained with stories of travel, the railways and politics throughout the year.

Of course, a lot of what I’ve achieved couldn’t have been done without the love and support of my incredible wife, Dawn. I’d just like to pay tribute to her for all she’s done – despite the grief I sometimes cause her!

So, all that remains is to wish you all a prosperous and peaceful New Year and hope you all have a great 2024. See you on the other side. Right now, we’re off to the pub for a couple of hours…

The last blog – and last picture of 2023. Happy New year from ‘Happy Valley’. Taken on my walk earlier…

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30th December picture of the day…

30 Saturday Dec 2023

Posted by Paul Bigland in Musings, Photography, Picture of the day, Sri Lanka, Travel, West Yorkshire

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Musings, Photography, Picture of the day, Sri Lanka, Travel, West Yorkshire

So, here we are. The penultimate day of 2023. Not that you’d know if you didn’t possess a calendar as it’s been exactly the same as almost every day in December here in the Calder valley. Gloomy and wet. At this rate you’ll easily be able to tell someone from the Calder valley. They’ll be the ones with the webbed fingers! Right now it’s a miracle if we go more than a couple of hours without rain. We really have had an awful December that’s followed on from an equally wet November.

With the weather being so crap there was nothing else for me to do but concentrate on home life, so the day’s mostly been spent working and cooking. Yesterday I made a spicy vegetable hotpot with dumplings in the slow cooker. I’ve never made dumplings before but the whole recipe seemed to suit the season and I enjoyed something different. Today’s effort was designed t use up some of the Xmas veg we’ve got left – so Carrot and Parsnip soup it was. Admittedly, I may have overdone the Chili flakes for people with a more sensitive palette – but for us they give the warm glow you need this time of year. Besides, some of it’s to stock up the freezer and I’m sure it’ll be idea if we have a cold spell – although there’s little sign of that at the moment. I’m not a great one for New Year’s resolutions but I do have a few things planned and one is to spend more time in January cooking different dishes (mostly vegetarian) – which should keep me out of trouble and give Dawn a break.

I’m really hoping the weather does a volte face in January otherwise I’m going to have to cast my photographic net further afield, which will be a bit of a bugger in some ways as I have two articles lined up either side of the Pennines. That said, there’s a decaying national rail network to report on – and some interesting stuff on High Speed 2 on the bit Rishi Sunak hasn’t made a mess off (but more of that in my end of year review).

Right now it’s time to switch off for the evening and indulge in some escapism. I’m not a great watcher of TV. In fact, I can’t think of any programmes I watch on a regular basis apart from (when they’re on) ‘Dr Who’ and ‘Have I Got News For you’ and ‘The Last Leg’. The oxymoron that’s ‘Reality’ TV leaves me cold, so if I want to indulge I’m more likely to find a film or series on Netflix or Amazon Prime. Right now we’ve been enjoying the Amazon Prime series ‘Reacher’ which is based on the character invented by the author Lee Child. The books often turn up in travel libraries in homestays and hotels across Asia, which is where I first encountered them. The Amazon series isn’t bad, so that’s tonight’s TV sorted.

All that’s left now is the picture of the day – which comes from sunnier climes as I’m in desperate need of some sunshine and photographs are the only way I’m going to get it! Here’s Tangalle beach in Sri Lanka on this very same day 20 years ago when I was there with friends. How time flies – and if only I could…

Funny how fate works. We spent the Christmas season of both 2002 and 2003 on Sri Lankan beaches, as we often used to get away that time of year. If it wasn’t Sri Lanka it would be India, or elsewhere. The one year we decided to say in the UK for Christmas as we’d travel plans for later was 2004. And what happened here, then? The Tsunami…

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28th December picture of the day…

28 Thursday Dec 2023

Posted by Paul Bigland in Calder Valley, Musings, Photography, Picture of the day

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Calder Valley, Musings, Photography, Picture of the day

With it being the festive season and my priorities lying elsewhere I’ve taken a break from blogging these past few days. Besides, who wants to read about Turkey and other Christmas treats? Admittedly, once the family stuff was over I’d hoped Dawn and I may have got out and about, enjoying country walks or even a little trip out, but the weather has been that wet and with constant storms the only sensible thing to do has been to stay at home. I can’t believe just how much rain we’ve had these past couple of weeks. The ground’s so saturated that any new rainfall runs straight off. Add in the gale-force winds and we’ve really taken a battering. Tonight, just before I started writing this we had the most amazing thunderstorm. It really threw me as I wasn’t expecting it and wondered what the hell it was at first. I don’t recall this time of year being the season for thunderstorms but whilst the weather’s been wet and windy it’s also been unseasonably mild, which may have had an impact. I’ll be interested in seeing the Met office monthly summary for December as I suspect we’ll have broken a few records.

Right now I can’t see myself escaping the Calder Valley until the New Year, but as that’s just around the corner I’m not too bothered. I’m not going to be sad to see the back of 2023. The year started well with me having two months away in SE-Asia but on the political and economic front it’s been a bit of a ‘mare.

I’m not going to get diverted into a review of the year. That’s to come. In the meantime, I hope you’ve all enjoyed your own festive activities. Right now I’ll leave you with today’s picture and bid you goodnight. I did nip out to get some shopping yesterday evening – although I had to don a full set of waterproofs to do it as the rain was pelting down. On the way back it cleared just long enough to get this shot of our local landmark all lit up for the evening.

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24th December picture of the day…

24 Sunday Dec 2023

Posted by Paul Bigland in Musings, Photography, Picture of the day, West Yorkshire

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Musings, Photography, Picture of the day, West Yorkshire

It’s Christmas eve here at Bigland Towers but there’s no chance of it being a white one. Temperatures are currently in double figures and the rain’s incessant. I’ve spent nearly all day at home trying to plug divert some of the waterfalls that have become a feature of the cottage porch. I need a few dry days to be able to effect external repairs but dry days are as rare as rocking-horse shit at the moment so all I can do is try and divert and catch the leaks.

Apart from impromptu DIY most of the day’s been taken up with preparing for Xmas. Whilst Dee’s been over to her parents to see how they are I’ve been wrapping prezzies and cleaning the cottage. Now we’re having a quiet night in. Dee’s immersed herself in cooking, whilst I’m on-hand to do the washing up and being there as needed for peeling duties. Needless to say, the smells that are wafting up the stairs are exquisite!

With all this going in it’s a short blog from me. I just want to wish all my readers a very merry Christmas and hope you all have a peaceful and relaxing day. These are anxious and difficult times for so many people in the world right now, so spare a thought (and a donation to charity if you can) for the folks who won’t be enjoying tomorrow – for whatever reason.

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