Happy new tax year to all who celebrate! Here's a quick 🧵on the tax and benefit changes coming in this month in the context of rising energy bills. www.resolutionfoundation.org/publications...

Today we discussed new research from @resolutionfoundation.org co-authored with @gthwaites.bsky.social @annastansbury.bsky.social and Richmond Egyei on the long shadow that deep poverty in childhood casts over the earnings of graduates in the labour market. Thread below on what we found …

Slightly eye-wincing moves in markets as expectations rose for a sharp rise in interest rates later in 2026 following the Bank's decision to hold rates in March's MPC meeting. And today we're seeing 10-year bond yields rising to levels last seen in 2008. Good news, it isn't...

Unanimous in the face of uncertainty. Yesterday's Bank of England decision to hold interest rates at 3.75% was the first unanimous vote by the 9-strong Monetary Policy Committee in over 4 years.

HMT ministers must have been silently screaming at today’s public finance data - nicely within OBR projections, but mainly because of friendly gilt markets, which have turned sharply in the other direction since Iran conflict. (Useful thread 👇🏻)

Disappointing government spending and borrowing numbers this morning – not helpful given conflict in the Middle East is likely to worsen the public finances. Other issue today is whether the data support the OBR’s benign forecasts. Thread to follow…

Big month for public finances as ONS publish the data for January. With a record surplus in January of £30.4bn and tax receipts performing well, it looks like the Spring Forecast is set to be non event. Short thread to follow...

Quick word on this morning's public finances data for the UK which were pretty much in line with expectations. Borrowing in December was £11.6bn, slightly lower than market expectations of £13.4bn. Year to date, borrowing is £140.4bn, which looks broadly consistent with the OBR's Nov forecast.