An NHS campaigner reveals how spy-tech giant Palantir tried to secretly hire influencers to smear Good Law Project 👀 🎧 Listen to The Shadow Contract👇 https://goodlaw.social/1e69ba

Labour MPs their own strategies for economic growth. Here are two of them: open.substack.com/pub/josgalla...

New post comparing the recent growth policy proposals from two groups of Labour MPs. open.substack.com/pub/josgalla...

I have a theory to explain why people prefer to bang on about Brexit rather than discuss how to fix the UK economy. Leave and remain offer an identity. Policies to improve productivity, living-standards etc. only offer ideas. Political identities trump policy preferences. www.ft.com/content/8628...

Only a little bit liberal.

If he hasn’t already done a deal with Andy, he should.

I remember when the Labour Party was a social movement which represented an entire class of people. From today’s The Herald; Billionaire donors back Sarwar remaining leader - but issue warning to UK party www.heraldscotland.com/news/2610993...

Like, what is going on here?

Been screaming both y'all's points from the rooftop, no one wants to listen. The planet is straining under the weight of 9 billion people. Lower birthrates is nothing if not good news. "But who will do all the work?" worry the natalists. Luckily, AI is taking all of our jobs anyway.

There is a lot of hype around small modular reactors. This kind of scrutiny is really helpful.

Finally, we have data to show vast majority of landlords earn supernormal returns: even with high interest rates, 63% outperform a 60:40 equity-gilt portfolio & 71% beat the broader real estate sector. Proud to have co-authored this with @autonomy-institute.bsky.social autonomy.work/portfolio/th...

Compounding their error of indemnifying the BoE at the outset of QE. There’s no way the BoE would be crystallising losses here if they had to wear some of the losses.

I took some time yesterday to read the Labour Growth Group’s new report. I found myself agreeing with its diagnosis. Them I remembered I’d said something similar not so long ago. open.substack.com/pub/josgalla...

Who Governs? JP Morgan could scrap £3bn London HQ if Starmer replaced by PM ‘hostile to banks’. To appease bankers Tory/Labour govts have abolished post-2008 crash reforms. Banks make mega profits, don't want to pay windfall taxes, want compliant govts. Who will curb corporate power?

BAN THE PERVERT GLASSES (I've decided to bang on about this pretty much every day, sorrynotsorry) uk.pcmag.com/smart-glasse...

Una buena noticia para quienes defendemos el derecho internacional y una pésima noticia para quienes quieren silenciar el genocidio continuado del pueblo palestino.

This is so true about the M8 that badly scars & pollutes Glasgow city centre. Replacement is a precious opportunity to recreate a Glasgow environment of at least European class quality.

Clowns. Fiscal credibility matters. We might have more if MPs knew the difference between percentage points and basis points.

New policy post. #EconSky open.substack.com/pub/josgalla...

This isn’t a problem of privatisation alone. It is an economic model which rewards extraction rather than production. Profit can be made while a business is destroyed and value to society lost. Making borrowing to pay dividends illegal would be a start.

Best case scenario for me: Starmer goes, Miliband new PM, does some leftwing shit for next 3 years. Rayner has time to sort her shit, Burnham can finish up as mayor, or bail to be an MP, join cabinet, see if he's any good at making things happen. Labour get a slim chance at winning the next GE

Sir Kier’s invocation of the EU is a sign of desperation. Plans to boost growth have failed and so turning to Europe is a last throw. But we know there are no l economic quick wins from from that direction. Britain needs a new economic model not a hankering for the past.

ban. the. pervert glasses.

He’s just being polite, isn’t he? “significant benefits” “alternative credit solutions” “providing financing to underserved sectors” He means lots of highly leveraged risky bets with no oversight. www.ft.com/content/322b...

Cryptosporidium? www.ft.com/content/6a56...

Sir Kier should have been replaced in February when Anas demanded it. SNP set to win Holyrood as Labour faces collapse, poll suggests www.heraldscotland.com/news/2607532...

Where is the outrage over this cartoon, depicting the country’s most prominent Jewish politician in the traditional style of anti-Semitic caricature? In The Times, no less. The hypocrisy of our elites on this stuff is absolutely staggering.

“Just machines to make big decisions, Programmed by fellas of compassion and vision.” www.ft.com/content/4876... AI companies are just companies

Fresh financial crisis may be coming - it won't play out like the last one. Post-2008 crash reforms reversed. Bank capital requirements reduced. Deregulation mania. Shadow Banks unregulated. Risky lending resumed. No cap on bankers' bonus. AI bubble. Energy price rises. Fragile economies.

Ownership has sometimes become a side issue in politics, but it shouldn’t be. Who owns determines who decides. The English Devolution and Community Empowerment Bill is shifting power to local people, introducing a Community Right to Buy local assets at a fair price.

What happens to capitalism when the profit motive rewards shrinking the size of the economy? Growth and private profit are no longer aligned. #EconSky

This may sound like a boring technical measure, but the German chancellor's supposed 'anti-bureaucracy' crusade would be an act of European geopolitical suicide. This is about a simple choice. Either Europeans make single market laws at the confederal level where they are most effective, or...🧵

Let’s build lots of small modular reactors all over the place. What could go wrong?

Taxation is one response to economic rent. A better one is to tackle the structural problem that gives rise to extraordinary profit. For example, credit controls to squeeze the wedge between interest rates offered and charged. www.ft.com/content/9c6b...

Anyone who thinks that the Starmer faction began its destructive course only after the election can’t have been paying attention. www.ft.com/content/d856... Labour is being destroyed by its former saviours

That’s a brave person telling economists to “beware of prophets and predictions.”

House prices down 11% in the posh bits of London. I wonder if all that social media stuff about the crime ridden capital on the brink of civil war is having an impact. www.ft.com/content/ce63... House prices in London’s wealthiest boroughs suffer double-digit decline

UK dilutes post-crisis financial rules again. I worry about the direction of travel on this. At a time when shadow banking is loaded up with leverage and private credit showing signs of stress, removing post crisis guardrails seems wrong. #EconSky www.ft.com/content/7e81...

cool cool cool

It’s time.

evidence?

🚨 Took a look at Sona Asset Mgmt’s ‘Honest Assessment’ of Private Credit. www.ft.com/content/e57d...

This is excellent and practical. It gives a route to charging consumers the average cost of electricity rather than the much higher marginal cost used currently. A saving for customers and an end to economic rents.

Unless they are a mathematician or a poet, anyone who says that something is “infinite” is wrong.

New on Substack open.substack.com/pub/josgalla...

💚 ¡En unos minutos empezamos! Puedes seguirlo en directo aquí 👇 sumar.ink/483jWuP

Clickbait sites. “Why everyone is wrong about everything.” Logic nerd. “Errrr ….”

Campaign to rename economic models as “stories” and assumptions as “world building”