England, United Kingdom
Joined August 2015
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yames retweeted
#BoycottStarlink
#BoycottTesla
Take away all of his government contracts and lock him up.
EXCLUSIVE: Elon Musk came to Donald Trump with the plan to throttle Ukraine’s use of SpaceX’s Starshield satellite internet network, sources have told the Telegraph.
The tech billionaire made the proposal during the US President’s row with Volodymyr Zelensky over strikes on Russian oil refineries.
‘The reality is that they were both in it,’ a senior source said of Musk’s and Trump’s involvement.
But after a night of carnage in Kyiv caused by the slowdown, Musk was alarmed about the possibility of adverse consumer reaction in Europe.
The SpaceX boss then proceeded to tweet, blaming the US administration, and ultimately, President Trump for authorising the slowdown.
‘He tweeted out that he was innocent and that it was the US administration that did it,’ the source said.
yames retweeted
It’s worse when you realise just how much the state pension has outperformed its constituent locked factors
yames retweeted
Wait….You’re telling me you weren’t overwhelmed by the ‘sheer scale’ of the policy announcements on growth?
yames retweeted
2/ You can read ‘Beyond Our Means: A Plan to Tame Public Spending’ here👇policyexchange.org.uk/public…
yames retweeted
Unfortunately it is not the OBR that is making this assessment. It is the creditors that lend the UK £2.8tn - they now require an interest rate on 10-year debt well above the G7 range. The UK is now paying >50bp more than any other G7 economy to sell its 10Y paper. A government that can show it can live within its means can ditch the OBR & fiscal rules. One that cant, cant.
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Surging UK wage growth, especially nominal, to be ignored (sorry, discounted) by @bankofengland because their agents say so. Looks highly risky if we (actually) want low inflation, but if the cost of low inflation is a recession what does the UK really, really want?
yames retweeted
1/ The time between referral and treatment in Canada has tripled since 1993. The supply of doctors, MRIs, and hospital beds can’t keep up with tax-subsidized demand for care.
Much talk in UK that employers National Insurance rate rise and minimum wage/living wage increases will be inflationary. They won't be unless monetary policy is eased to offset this fiscal grab. It will instead just reduce real growth or take it -ve, ie a recession.
Establish Equitable Rights for Landlords in Tenancy Laws - Sign the Petition! chng.it/brdrvdFJTW via @UKChange
Excellent paper from @KAErdmann on the link, or actually not, between (US) central bank policy rate moves and longer term government bond yields. open.substack.com/pub/kevine…
A very interesting discussion on a thorny subject. And so realistic about the actual world we live in rather than a political fantasy land of splendid isolationism. @EFTA4UK thank you for the link. stephenkinnock.co.uk/busting…
yames retweeted
We see “rule takers” is becoming a common bleat again 🙄
Here’s @SKinnock showing how reality is rather more complex 👇
Busting The ‘Rule Takers’ Myth - Stephen Kinnock - Labour MP for Aberavon stephenkinnock.co.uk/busting…
for what it's worth the mini rise in 2Q23 NGDP growth rate to 9.6% annualised or 7.1% YoY "saved" us from starting a recession
own @hmtreasury "house in order" not easy but indexing benefits, state pensions, public sector pensions, govt debt int, min wages, utility (inc telcos) bills (+ 3% on top) AND inevitably allowing state sector wages catch up in the end MEANS costs of a recession are unaffordable
RGDP g down, NGDP g falling too @bankofengland shouldn't panic over& tighten, those calling for recession to control inflation are dangerous when gov spending/fiscal easing already going gangbusters @hmtreasury should sort own house out starting with triple lock @Gilesyb
UK NGDP figures show nominal growth only just hit recent trendline in 1Q23 and slowing rapidly if not quite crashing as @OBR_UK forecast, so @bankofengland most likely over-reacting but @hmtreasury not helping by losing control of public spending in last 9 months
@Gilesyb
