Haigh’s essay here is well worth reading. This is not some MMT-adjacent treatise - it genuinely engages with the constraint.

Current inflation is actually much lower than the headlines and most media commentary would seem to imply. Yes the CPI did rise by 3.8% in the 12 months from October 2024 to September 2025. But since April, CPI has only been rising at an annualised rate of 1.9%.

I'm glad NEF are are one of 11 NGOs calling today for the Bank of England to stop holding back the green transition. IMHO the Bank's outdated narrow-mindedness has led to an intransigence which is undermining not only the transition, but the UK's chances of economic prosperity and stability.

Our framework for tackling inflation is damaging the economy - we need a more targeted and proactive approach. @theoharris.bsky.social was on the Standard podcast to talk about interest rates, inflation and growth

Big climate news from the European Central Bank: @ecb.europa.eu announced today that it will introduce a climate-factor into how it values the corporate bonds that financial institutions pledge as collateral in return for ECB loans.

Thought I would try my hand at AI-powered satirical cartooning, in reaction to this government's rhetoric about the role of the financial sector and the need to de-regulate.

I just published a blog for NEF on the European Central Bank’s track record on climate! neweconomics.org/2025/07/as-e... #climatepolicy #monetarypolicy #ECB

The ECB must turn its compelling arguments on climate and nature into concrete policy action. In the last few years we've seen: ⌚ constant delays on greening the collateral framework 🔻 high rates brutalising the renewables industry 💨 green tilting made redundant by QT Time to put this right!

Those blaming Reeves entirely for jobs cuts forget to mention that the Bank of England is purposefully trying to increase unemployment and depress wage-growth. Our outdated inflation-targeting framework is completely inept for dealing with supply-side shocks; and workers always pay the price.

Wrote a briefing for @NEF about how Europe needs an ambitious, coordinated, and long-termist macroeconomic approach in order to achieve its goals in this age of shocks and challenges. Whereas current policy is incremental, piecemeal, and short-termist... neweconomics.org/2025/06/a-co...

“To deliver the change people voted for, the government should free itself from its self-imposed fiscal rules, recognise the value of social spending and be willing to tax wealth fairly” NEF's @theoharris.bsky.social in @theguardian.com #SpendingReview analysis. www.theguardian.com/education/20...

I think it's great that there's a spending boost for the NHS and for education, and higher capital investment all round. But this has essentially come at the expense of not increasing (or even cutting) spending in the other departments. In aggregate, not exactly national renewal.

Had my first live radio interview on Sunday morning! Hopefully I said something sensible about resilience and protecting the hardest-off from global economic shocks…

🧵New polling from @investinbritain.bsky.social by @survation.bsky.social reveals a majority of Labour MPs want the Chancellor to change course on fiscal policy. 1/8 thetimes.com/article/6448...

Yesterday's UK government borrowing figures for April were actually £3.5bn below the OBR’s forecast, yet media coverage focused on the fact that the figure was slightly higher than the forecasts of “city economists”. This is not a cause for alarm. obr.uk

My new report on the question: Should the ECB pretend that 2022 never happened? Short answer: no

Last day of our fundraiser towards tackling extreme wealth, to defend democracy and the planet. All donations to support this work are being doubled!

Really exciting event we have coming up in Brussels on May 15th! What macroeconomic approach does the EU need in order to meet its economic goals in this new era of shocks? We'll hear from Swati Dhingra of the Bank of England, and two expert panels chaired by @paolatamma.bsky.social

At the end of a slightly terrifying week, where a major financial crisis was averted – for now – I thought I’d reflect on whether such a crisis might happen anyway, and what this means for UK financial sector policy. A thread. /1

The National Wealth Fund is the centrepiece of the government’s industrial strategy. But its predecessor, UKIB, struggled to invest even a fraction of its full budget. @jayasood.bsky.social and I argue the NWF needs to take a more proactive investment approach neweconomics.org/2025/03/firi...

As the Chancellor reaches for growth there's one place she won't find it - OBR forecasts. OBR multipliers devalue public spending and keep us in a doom-loop of austerity Our new report offers a framework that flexibly embraces the positive potential of public spending

As the ECB re-assesses its monetary policy strategy this year, @neweconomics.bsky.social are one of 41 civil society organisations who have signed a manifesto calling for the ECB to do more to support the green transition. You can read it here: reclaimfinance.org/site/en/2025...

Excited by this new concept from my colleagues - an extreme wealth line. Like a mirror of the extreme poverty line: to set a level for when too much individual accumulation is unhealthy for societies

I'm pretty furious if the rumours are true that the chancellor is planning to support airport expansion. This would spit in the face of all our other efforts to limit global warming, and won't even bring economic growth: just sending more Brits to spend their £s overseas. Convince me otherwise?

It's a mistake for the Bank of England to keep rates higher for longer, punishing workers and mortgage-payers. We’re living under a broken macroeconomic framework where, whatever happens, it’s the hard-at-heel who pay the price and banks that reap the profits.

Today's wage data: a sign of "unanchored inflation expectations"? Or just workers' pay catching up with where it was in 2021. Higher wages are a good thing. It's disappointing to see the media report today's data as bad news. The problem isn't wages going up, it's our monetary policy framework...

Fossil fuel prices were a primary driver of the UK's three biggest inflation spikes of the last 50 years. So it would be logical for @bankofengland.bsky.social - whose job it is to control inflation - to be supporting the UK's clean energy goals. neweconomics.org/2024/12/redu...