Good letter from @youellog.bsky.social responding to this. www.ft.com/content/244c...

If this is the case, then publishing this piece is a poor editorial decision to say the least. We should, at a minimum, expect stated financial statistics to be broadly accurate in the Financial Times.

NEW: UK taxpayers are losing £22 billion every year from losses at the Bank of England - the same as the entire Home Office annual budget. This is the result of a flawed implementation of the BoE's quantitative easing programme. We propose two steps to fix this leak. (1/4)

“High interest rates are a form of economic rent and should be kept as low as possible." Our @youellog.bsky.social pushes back on the misguided suggestion that the Bank of England should be setting interest rates well above inflation in @thetimes.com via ‪@georgenixon97.bsky.social bit.ly/3IITWen

In 2020, Brazil launched Pix, a public digital payment system during Covid. It is now dominant, undercutting credit & debit card providers, reducing transaction costs, enhancing productivity & increasing financial competition. Don't tell me the state can't innovate. www.economist.com/the-americas...

The return of 'moral suasion'? www.ft.com/content/b3a1...

Excited to have joined the University of Manchester's Law and Technology Initiative as a Visiting Research Fellow Looking forward to building the future of public money with @johnhaskell.bsky.social and the talented fellows I am lucky to be working with www.law-tech.manchester.ac.uk/research/vis...

Struggle to follow this reasoning from the government - do they think cash Isas literally function like cash under the bed? What is stopping banks using Isa funding to invest? Is the government saying they don't trust banks to optimally allocate capital? www.theguardian.com/money/2025/f...

What could possibly go wrong. t.co/se9BwENDAr

Maybe it's just me, but I'm not sure I will ever get over how the government talks so much about the need to reduce 'wasteful' public spending while effectively funneling tens of billions of pounds a year to the banking sector www.bankofengland.co.uk/asset-purcha...

At first I wondered what the Bank of England is trying to achieve here...but then I realised that this is their strategy for dealing with inflation - guilting people into cutting back on spending Like the squanderbug for today's boring dystopia www.ladbible.com/news/bank-of...

⚡ NEW BLOG ⚡ tldr: financial markets caused temporary turmoil for the government this month, in a move that has likely now triggered public spending cuts, just to make "a quick buck" (but you really should read it 👇) positivemoney.org/update/how-d...

Allowing hedgefunds to dictate fiscal policy by shorting sovereign debt doesn't strike me as a good idea, but I suppose it's a necessary sacrifice we must make to increase the Competitiveness and Growth of the financial sector, the Crown Jewel Of Our Economy

Good example of what is often wrong with journalism about economic issues. The report takes as given the statement “spending cuts is the most economically viable option”. It is far from established fact that, under current circumstances, further cuts are more “economically viable” than tax rises.

Indeed. This is only 'bad news' because the central bank is compelled to aim for an arbitrary number that will become ever less feasible as climate effects and geopolitical tensions intensify.