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Jonathan Portes
Professor of Economics, King's College London; Senior Fellow, UK in a Changing Europe. Personal views only; usual disclaimers apply.
The use of rats for what? To represent what? (I have no idea at all why you are referring to " Matt" ??)
@matthewclifford @SamfrI @johnmcternan 'm on the board of a small charity with typically a few £00,000s in cash reserves. Our finance person told us "We've identified a risk that we might go significantly above £100K in our main account [at Barclays!!] "
@Gilesyb @ChrisGiles_Yes although oddly a substantial part of the pessimism here is driven by the BoE's use of labour force projections which are not only wrong but it *knew* was wrong when it published them. Bizarre...
@tonywilsonIES @karlhandscombT @Deven_Ghelanih @dan_tomlinson_a @GraemeCooke3t 's my view. History suggests big changes to the assessment process a) result in some real hardship/damage b) is almost impossible to model sensibly c) ends up increasing spending..
@Deven_Ghelani @tonywilsonIESY @karlhandscombe @dan_tomlinson_s @GraemeCooke3 I think we're all agreeing. Reducing risks and increasing support is the key, while thinking you can solve it by rejigging assessment is.... brave...
@ColinYeo1 It was a paraphrase of a very well known quote from JK Galbraith, although of course he was being satirical
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As we all said at the time: "It might take producers 5 minutes to find 60 economists who feared Brexit & 5 hours to find 1 who espoused it. But by the time we went on air we simply had one of each; we presented this as balance. It wasn't."
That Muslim invasion in full (from today's census). Not that this will stop the usual scaremongering/bigotry from Spectator/Douglas Murray/Melanie Phillips etc.
As @FDAGenSec says, Braverman's claim that her policies have been blocked by civil servants is entirely unsupported by any evidence and is a clear breach of the Ministerial Code.
On Today, @SimonClarkeMP literally just said that the point of raising NI was to raise money for public services, and the point of cutting it is to raise money for public services. Whatever you think of the policy, they've completely given up on any pretence at credibility.
"Lives lost, earnings lost, years lost. Unlike Trussonomics, austerity is a slow and silent killer. For the best part of twelve years, the Conservatives sowed the seeds. This year they’re reaping the harvest."
Pretty astonishing that *Children's Commissioner*@Rachel_deSouza can't bring herself (on @BBCr4today ) to make the simple statement that the government should keep its promise not to cut benefits for low-income families to pay for tax cuts.
For a serving Secretary of State to blame her own failures on her civil servants is a new low.
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