Former director, @pricedoutuk | geeky liberal | YIMBY

Oxford, Oxford-Cambridge Arc
Joined April 2009
Duncan Stott πŸ—οΈπŸ”°πŸ‡ΊπŸ‡¦ retweeted
Why is the PM talking about free movement of workers? I suspect that the latest potential output forecasts from the OBR will have had a role. The most recent population forecasts from the ONS now see 1m fewer people aged 16+ in the UK by the end of the decade than expected back in March. Quite the hit to potential output growth for any given participation rate. For all the enthusiasm about recent productivity methods for the UK, this is a fresh headwind to potential output.
Andy Burnham has said he would welcome an "honest discussion" about the prospect of returning to free movement between the UK and European Union. Political correspondent Jack Fenwick told #BBCBreakfast about the latest comments from the PM bbc.co.uk/news/articles/c8e3…
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Duncan Stott πŸ—οΈπŸ”°πŸ‡ΊπŸ‡¦ retweeted
There is no defending this. A two-tier tax allowance with relief for pensioners paid for by fiscal drag on working people. And before the boomer brigade starts foaming at the mouth: I'm not interested. The allowance should rise - or freeze - equally for everyone.
🚨 NEW: John Healey will announce pensioners will be protected from paying income tax in the Budget The state pension will rise by £489 to £13,036 with the tax-free allowance rising to match
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Duncan Stott πŸ—οΈπŸ”°πŸ‡ΊπŸ‡¦ retweeted
Two-Tier Taxes
🚨 NEW: John Healey will announce pensioners will be protected from paying income tax in the Budget The state pension will rise by £489 to £13,036 with the tax-free allowance rising to match
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Duncan Stott πŸ—οΈπŸ”°πŸ‡ΊπŸ‡¦ retweeted
The ugly truth about France and some of the other European countries currently in turmoil - and which none of the politicians want to admit because it'd be political suicide - is that you can't solve the problem by going after immigrants (as the right asserts) or the rich (as the left asserts), but you could solve it by going after the old. One extraordinary statistic for you: people over 60 in France, a quarter of the population, own 60% of France's wealth, non-financial and financial (ofce.fr/pdf/revue/2025/3-192…). And here is another crazy statistic: that same quarter of the population, those above 60, receive nearly two-thirds of all social spending by the French government (previssima.fr/actualite/prot…) - which is famously among the highest in the world (France's government spending is an insane 57.3% of GDP). Last statistic: they make up about 40% of voters because they're a third of registered voters (insee.fr/fr/statistiques/266…), and they turn out far more than anyone else (franceinfo.fr/elections/sond…). Put our 3 statistics together and there's almost a bit of an apartheid situation here: the old own most of the country's wealth, collect most of the social spending and have the political power to keep it that way. Which makes them a de-facto rentier class, living off assets and transfers paid for by younger generations. And, of course, at the risk of stating a truism, the future is built by the young. Yet France keeps effectively taking money away from them to give it to those whose working lives are already behind them - and need the money far less since they already own the country's wealth. What about inheritance, I hear you ask? That's the funniest/saddest aspect: given that life expectancy has kept rising, the French now inherit a home at 54 on average. The most common case is someone in their 80s leaving it to heirs in their 50s, in effect the very old transferring wealth to the about-to-be old (insee.fr/fr/statistiques/fic…). You can add this to our earlier apartheid statement: on top of all the rest, even when the old finally let go of their wealth, it stays within their own "camp". That's my personal situation, incidentally: I'm 42, my father is 71 and he is starting to look at ways to pass things on to me and my siblings, when our professional lives are already well settled, so it'll arrive when it changes things the least, which is pretty much the French system in a nutshell. Now, I get that there'd be some unfairness in going after them: they paid into the system their entire working lives, playing by the rules of a social contract that told them if they paid up they'd collect at the end. Changing the rules now means breaking that promise, which is admittedly unfair. But there's no magic wealth tree in any society: you can only take it where it is. That's the way most major societal transformations end up happening. They're often triggered by a catastrophic event (the so-called "four horsemen": mass-mobilisation war, revolution, state collapse, plague) BUT what really drives change is a transfer: wealth gets pried from the privileged class who've been sitting on it and handed to those who'll build what comes next. So, in theory and in an ideal world, you can do without the catastrophic event and directly proceed with the transfer... The fact that in France, and elsewhere in Europe, it's the youth protesting is probably no coincidence - even though they don't frame it as a generational fight. And even though, cruel irony, the left politicians many of them march behind promise to bring the retirement age back to 60 (lcp.fr/actualites/legislativ…), which would make the situation even worse. Let's say they understand intuitively that the system is stacked against them, even if they haven't yet figured out how. And politicians are obviously doing what politicians do, meaning pandering to the people who actually vote, while pointing the young towards easier - and politically convenient - scapegoats. To be clear I'm not saying it's the only problem in France, VERY far from it. I'm also not saying that all old people in France live a lavish lifestyle at the expense of younger generations: there are also plenty of very poor retirees who, if anything, would deserve more. What I am saying is that it's probably the biggest elephant in the room: everyone can see it, nobody dares mention it - no politician, from any side, wants to run on cutting grandma's pension - and it makes every other problem harder to fix.
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Duncan Stott πŸ—οΈπŸ”°πŸ‡ΊπŸ‡¦ retweeted
I voted for Robert Jenrick. I also voted for Liz Truss. Voting for Jenrick was a bigger mistake. Just say "Yes it's racist to call Kemi Badenoch a Nigerian scammer" you awful and cowardly man
β€˜Is calling Kemi Badenoch a β€œNigerian scammer” racist, yes or no?’ β€˜β€¦I’m not on your show to talk about what a journalist has tweeted.’ Reform's Robert Jenrick refuses to engage with @Lewis_Goodall's question about Raheem Kassam's comments on the Tory leader.
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Duncan Stott πŸ—οΈπŸ”°πŸ‡ΊπŸ‡¦ retweeted
Why should a pensioner on a Β£13K income be exempt from income tax when a person of working age is not? Those of working age do not receive free travel or all sorts of other discounts to which pensioners are entitled. We do not exempt people from tax based on how many dependents they have, or how much housing in their area costs, so why exempt individuals based on age?
John Healey, the chancellor, is expected to announce a 3.9 per cent rise to the full state pension while protecting those on lower incomes from income tax thetimes.com/uk/politics/art…
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Duncan Stott πŸ—οΈπŸ”°πŸ‡ΊπŸ‡¦ retweeted
Just seen: quirky feature length BBC comedy about characterful ghosts - Controversial planning permission - Arson of a Grade I listed structure - Infrastructure cost bloat - Police are notified of several crimes but do not investigate It follows me everywhere. β˜…β˜…β˜…β˜…β˜…
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This is obviously going to be a great success and soon everyone will wonder why it wasn't done decades earlier.
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Duncan Stott πŸ—οΈπŸ”°πŸ‡ΊπŸ‡¦ retweeted
YIMBY’s be like” we need to rapidly displace all low income and people of color from the city so we can replace their homes with new homes they can’t afford”
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So a pensioner with an income of Β£13,000 from a mix of state and private pensions will pay income tax, but a pensioner with the same income solely from the state pension won't pay a penny? How is that fair?
🚨 NEW: John Healey will announce pensioners will be protected from paying income tax in the Budget The state pension will rise by £489 to £13,036 with the tax-free allowance rising to match
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Duncan Stott πŸ—οΈπŸ”°πŸ‡ΊπŸ‡¦ retweeted
We need to do better than this... we can't keep sabotaging the economy and making the cost of everything artificially high and then complain that our lives and society aren't living up to our expectations.
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Duncan Stott πŸ—οΈπŸ”°πŸ‡ΊπŸ‡¦ retweeted
Agree. Rubbish for kids after school as well as little time to take to the playground. Dark evenings are shite.
Your annual reminder of how crap it is that our evenings are about to get plunged into darkness an hour earlier for the winter. It costs us more in energy bills and heightens seasonal blues. Let's keep GMT+1 all year.
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Your annual reminder of how crap it is that our evenings are about to get plunged into darkness an hour earlier for the winter. It costs us more in energy bills and heightens seasonal blues. Let's keep GMT+1 all year.
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Duncan Stott πŸ—οΈπŸ”°πŸ‡ΊπŸ‡¦ retweeted
Be a small town politician. A child puts bunny ears on your photo and comments on how you dress. So mad you report it to the police. Cops show up at the child's house. Causes international outrage. Now the bunny pic is in the New York Post. And your Google results are just rabbit ears forever.
A UK teen made fun of a local politician. Then police showed up at his door. trib.al/0DnnRkr
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Duncan Stott πŸ—οΈπŸ”°πŸ‡ΊπŸ‡¦ retweeted
I feel like this is a sight I've seen up and down the country my entire life. Death of Britain by a million cuts. Diligently carried out by hordes ordinary, selfish and/or stupid, people who have convinced themselves they're doing good.
Planning Application for a Lidl superstore on the London Road, Bath REFUSED
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Duncan Stott πŸ—οΈπŸ”°πŸ‡ΊπŸ‡¦ retweeted
London βœ… Birmingham βœ… Glasgow ❌ Liverpool ❌ Bristol ❌ Manchester ❌ Sheffield ❌ Leeds ❌ Edinburgh ❌ Leicester ❌ Coventry Bradford ❌ Cardiff ❌ Belfast ❌ Nottingham ❌ Hull ❌ Newcastle ❌ Stoke ❌ Southampton ❌ Derby ❌
Stealing oomf's tweet London βœ… Birmingham βœ… Glasgow ❌ Liverpool ❌ Bristol βœ… Manchester βœ… Sheffield βœ… Leeds βœ… Edinburgh ❌ Leicester βœ… Coventry βœ… Bradford ❌ Cardiff βœ… Belfast βœ… Nottingham ❌ Hull ❌ Newcastle ❌ Stoke ❌ Southampton βœ… Derby βœ…
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Green NIMBYs will continue to be vigilant against the scurge of jobs and low-price groceries.
Planning Application for a Lidl superstore on the London Road, Bath REFUSED
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Duncan Stott πŸ—οΈπŸ”°πŸ‡ΊπŸ‡¦ retweeted
Planning Application for a Lidl superstore on the London Road, Bath REFUSED
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Duncan Stott πŸ—οΈπŸ”°πŸ‡ΊπŸ‡¦ retweeted
radicalising
Planning Application for a Lidl superstore on the London Road, Bath REFUSED
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